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
aleksley [76]
3 years ago
6

The owner of a condominium hired a cleaning and junk removal service to clean his condominium after he moved. The parties agreed

in writing that the company was to completely empty out the condominium, wash the walls and floors, and clean the appliances in exchange for $1,500. Shortly after beginning performance, the company assigned to a creditor its right to all monies due under the contract (i.e., $1,500), and the creditor promptly notified the condominium owner of the assignment. The condominium owner acknowledged the assignment. The company continued working, completely emptying out the condominium, washing the walls and floors, and cleaning all of the appliances except for the oven before quitting the job. It would cost $150 to hire a substitute to clean the oven. The condominium owner refuses to pay the creditor anything because of the cleaning service's breach. If the creditor sues the condominium owner, how much, if anything, is the creditor entitled to recover
Business
1 answer:
Nataliya [291]3 years ago
5 0

Answer:

Condominium Cleaning

The creditor is entitled to recover:

= $1,350.

Explanation:

a) Data and Calculations:

Contract price agreed between condominium cleaner and owner = $1,500

Cost of cleaning the oven that was not done by the cleaner = $150

Creditor's claim from the contract price = Contract price minus cost of cleaning the oven

= $1,350 ($1,500 - $150)

b) This means that the creditor will recover less than the contract price because of the oven that was left uncleaned.  Since the cost of hiring a substitute to clean the oven is $150, this amount will be deducted from the contract price, and then, the creditor can recover the balance.

You might be interested in
If the unemployment rate is 9 percent and the natural rate of unemployment is 5 percent, then the:___________. A. frictional une
professor190 [17]

Answer:

C. cyclical unemployment rate is 4 percent.

Explanation:

The cyclical unemployment is associated with business cycles of recessions and expansions. The actual unemployment rate is given by the natural rate of unemployment added to the cyclical unemployment rate. In this case, the cyclical unemployment rate is:

C = 9\%-5\% = 4\%

The answer is C. cyclical unemployment rate is 4 percent.

6 0
3 years ago
Sally Fuller is a buyer for GWA publishing company. Her job is to purchase supplies and services for the printing of technical m
nignag [31]

Answer:

B. Pass-through scheme.

Explanation:

Pass-through Billing: Pass-through billing schemes occur when a provider, such as a physician or hospital, pays a laboratory to perform their tests and then files the claims as though they had performed the tests themselves.

8 0
3 years ago
If a department that uses process costing starts the reporting period with 100,000 physical units that were 20% complete with re
Naddika [18.5K]

Answer:

The correct answer is True

Explanation:

In calculating the equivalent units with respect to labor,the physical units at the start of the period is multiplied by the percentage of completion.

In other words, the equivalent units is shown thus:

Equivalent units =100000 units*20%

Equivalent units =20000 units

This implies that labor has carried  out 20% of the work required to transform the 100000 units into finished products,since only 20% work is completed, the remaining 80% is expected in the next period.

7 0
3 years ago
Managers use leadership to _____ members of an organization by inspiring and motivating them to achieve the organization’s goals
Nuetrik [128]

Answer:

Influence.

Explanation:

One of the most important thing for an organization is their workforce or employees.An organization is known by it's employees.So it is necessary to keep the employees happy,and motivated so that they can achieve organization's goals.

Managers have these leadership qualities so that they can influence the members of the organization by motivating and inspiring them.

3 0
3 years ago
Kurt leased a small building and converted it into a hockey supply shop. He had assumed that he could run a successful business
salantis [7]

Answer:

The correct answer is letter "E": undercapitalization.

Explanation:

Undercapitalization refers to the situation in which an organization is unable to generate enough funds to cover its expenses. This leads to companies being unable to pay their creditors, thus, they have no other option but to request for loans to keep the business up and running. Small companies are frequently undercapitalized.

8 0
3 years ago
Other questions:
  • Karen rogers is a salesperson for solar panels inc. she attends builder trade shows to identify potential customers in an effort
    12·1 answer
  • The strongest argument for an independent Federal Reserve rests on the view that subjecting the Fed to more political pressures
    12·1 answer
  • Marion Klatt, CFA, is a representative for Thiel Financial Network. Klatt received a phone call at home from William Kind, a jun
    14·1 answer
  • The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,00
    8·1 answer
  • On July​ 1, 2018, Mason​ & Beech Services issued $48,000 of 9​% bonds that mature in five years. They were issued at par. Th
    14·1 answer
  • Which of the following statements is(are) true? I. Many firm experience a life cycle characterized by non-constant growth. II. F
    11·2 answers
  • Michael Co. is a corporation that sells breakfast bars. Based on the accounts listed below, what are Michael's total trade recei
    8·1 answer
  • A golf ball manufacturer gives us its data for the year: WIP Inventory, January 1 Units started Units completed and transferred
    8·1 answer
  • How will modifying the priority value help to achieve your goals?
    12·1 answer
  • According to Michael Kremer, large populations: a. require the capital stock to be spread thinly, thereby reducing living standa
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!