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trapecia [35]
3 years ago
13

Randy and Donald were property developers, and they decided to construct a condominium in a certain neighborhood. Jim, who owned

a chain of restaurants, heard of this agreement and opened a new restaurant in the same neighborhood even before the condominium construction began. However, the plan for the condominium was not approved by the state authorities, and the project was cancelled. Jim suffered losses as a result, but he had no rights in the contract because he was a(n):
Business
1 answer:
Andre45 [30]3 years ago
5 0

Answer: incidental beneficiary

Explanation:

An incidental beneficiary refers to an individual who isn't a party to a contract but later becomes a third party beneficiary who is unintended to the contract.

It should be noted that the incidental beneficiary has no rights that are enforceable under the contract. With regards to the question, Jim suffered losses as a result, but he had no rights in the contract because he was an incidental beneficiary.

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Manfred Mining Company is required to restore a piece of land to its original condition after it completes extraction of preciou
Yanka [14]

Answer:

D

Explanation:

The term is asset restoration cost,it implies the cost of ensuring the environment where the exploration does is harmless to the residents of the area.

It is normally part of the asset costs from day one.It is expected to be discounted to present value and the discounting factor is applied to the present value each to determine the increase in asset which is added to asset value,in other words by the end of useful life,the asset would have its restoration cost required to restore the site.

4 0
3 years ago
Edgar hired a graduate from his alma mater, thinking he would be a successful first line supervisor. Unfortunately the new hire
neonofarm [45]

Answer:

D) Escalation of Commitment

Explanation:

Based on the information provided within the question it seems that Edgar is displaying a behavioral pattern known as Escalation of Commitment. This refers to displaying a positive behavior and continuing a strict and confident set of actions regardless of continuously facing negative outcomes. Which is what Edgar keeps displaying despite seeing little to no improvement in his employees.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
A market researcher wants a large sample size for her survey and decides to stand in the food court of a mall during Christmas s
skad [1K]

Answer:

Convenience sample

Explanation:

A convenience sample in a research study is made up of people who can be reached easily and are conveniently available to participate. Convenient sampling is a type of  non-probability sampling, which means that not everyone in a population had a chance to be sampled. In this research, the real population was the people that went to that specific mall and not the entire city's population. The advantage of convenience sampling is basically its low cost.  

5 0
3 years ago
The retained earnings statement shows all of the following except the amount of dividends paid during the period. the changes in
Ymorist [56]

Answer:

the amount of expenses incurred during the period

Explanation:

Retained earnings are a  part of a company's income that has not been distributed to shareholders as dividends. When management opts not to distribute all of the company's earnings as dividends, the portion not shared out is the retained earnings.

The retained earnings statement shows the accumulated amount of retained earnings up to the current period. It indicates the total earnings, the dividend paid out, and the retained earnings for the current financial year. The retained earnings statement does not feature expenses. Expenses are accounted for in the income statement that shows profits or loss for the period

5 0
3 years ago
Icon International, a software company, incorporated on January 1, 2013 is planning to convert to IFRS. The company decided to p
bekas [8.4K]

Answer:

The correct transition date which Icon international will show is B) January 1, 2015.

Explanation:

Icon international which was incorporated on January 1, 2013, wants to convert to IFRS( International financial reporting standards ) , which provides a  similar international language for business affairs, which would help making company accounts comparable and understandable across the global boundaries.

The correct transition date would be the year starting date ( 1 January ) , as the year in which company starts adopting to IFRS standards and making IFRS statements , so here the January 1, 2015 would be the correct transition date.

6 0
3 years ago
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