1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Which of the following will be considered a final good in the calculation of U.S.​ GDP? ​(Check all that apply​.) A. Transmissio
timama [110]

Answer:

A. Transmissions manufactured in Alabama for Ford's range of Upper F minus series pickup trucks. B. School supplies purchased by a local school board.

Explanation:

The remaining two options are not considered in the calculation because GDP concerns the consumption of final goods by the public. C. Canned foods purchased by a grocery store. Here a store is the buyer, not a public consumption. D. Foot massages at spas in California. Here massages are not classified as a product.

8 0
3 years ago
Rapida Inc. and Click Inc. are two companies that have been manufacturing typewriters for almost 30 years. Due to the reduced de
Oksana_A [137]

Answer:

The answer is: B) Competitive parity with each other.

Explanation:

Rapida Inc. and Click Inc. have competitive parity with each because they are both losing money and both have the same negative rate of return.  

Competitive parity happens when one company achieves standard or average results as compared to other similar company (or companies) in their industry.

4 0
3 years ago
Suppose a bakery reports this​ information: beginning raw materials inventory $4,000 ending raw materials inventory 3,000 beginn
photoshop1234 [79]
To calculate cost of direct materials used, you take Purchases of raw materials and subtract the change in raw materials. The idea is that the cost of raw materials used will be however much raw materials decreased during the period plus the purchase of raw materials.  Beginning raw materials is 4000, and ending raw materials is 3000, a change of -1000. Purchases of raw materials were 99,000. The Cost of Direct Materials is 99,000 - (-1000) = 100,000. 
6 0
3 years ago
The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year.
bija089 [108]

Answer:

28.06

Explanation:

The formula for calculating this is,

(Average Account Receivable / Net Sales Revenue) * 365

Hence the answer is calculated as:

(69050 / 898000) * 365 = 28.06.

Hope this helps.

Good Luck.

3 0
3 years ago
Madeline purchased 8 songs on iTunes for $1.29 each. What was the total amount she spent?
ehidna [41]

Answer:

$10.32

Explanation:

If one song costs $1.29, and she buys 8 of them, you would multiply 1.29 by 8.

7 0
2 years ago
Read 2 more answers
Other questions:
  • The __________ is composed of department of defense policies, plans, procedures, assets, and resources that ensures continuity o
    14·1 answer
  • Scenario 3: Assume that Jacob had not yet sold the office furniture division by the end of 2016. Further, assume that the fair v
    13·1 answer
  • Finding the interest rate and the number of years The future value and present value equations also help in finding the interest
    7·1 answer
  • Starting from steady state, a permanent increase in the rate of depreciation in the Solow model causesa. the growth rate of outp
    6·1 answer
  • Your grandparents would like to establish a trust fund that will pay you and your heirs $200,000 per year forever with the first
    5·1 answer
  • The cost we pay when we give up something to get something else
    11·1 answer
  • Project managers find many advantages in having diverse teams, as considering diverse perspectives in making decisions can help
    5·1 answer
  • Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billion, and $50 billion, respect
    14·1 answer
  • On July 1, Year 1, Howe Corp. issued 300 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, year
    5·1 answer
  • When an automotive supplier ships a batch of seat belts that do not latch properly, there is variability due to . (Enter only on
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!