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monitta
3 years ago
10

Contracts Capstone 18 of 25Items 36:16 Assignment completion: 72.00% Item 18After selecting an answer, more information on the t

opic may be found at the bottom of the page 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:
Debora [2.8K]3 years ago
4 0

Answer: The creditor will be able to recover $1,350

Explanation:

The amount that the creditor will be able to recover will be the contract price less the damages for the minor breach by the company.

In this case, the company finished all of the tasks except for the cleaning of the oven. Since this is minor with regards to the contract, the company will be seen to have performed its contract.

Since we are told the cost of finishing the job was 10% of the contract cost, this will be regarded as a minor breach, therefore, the owner of the condominium cannot avoid the payment of the price of the contract price. In this case, the creditor will be able to recover ($1500 - $150) = $1,350.

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You are holding a stock that has a beta of 1.85 and is currently in equilibrium. The required return on the stock is 28.95%, and
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Answer: 41.90%

Explanation:

First calculate the risk free rate:

Required return = risk free rate + beta * (Market return - risk free rate)

28.95% = rf + 1.85 * (18% - rf)

28.95% = rf + 33.3% - 1.85rf

28.95% = -0.85rf + 33.3%

0.85rf = 33.3% - 28.95%

rf = 4.35%/0.85

rf = 5.12%

New required return;

Required return = risk free rate + beta * (Market return - risk free rate)

= 5.12% + 1.85 * (25% - 5.12%)

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3 0
3 years ago
Account A pays simple interest.
maw [93]

Answer:

Explanation:

                          Interest Factors

<u>Periods          6%       7%          8%                  9%            10%             11 %</u>

1                 1.0600      1.0700     1.0800        1.0900     1.1000        1.1100

2                1.1236      1.1449         1.1664         1.1881      1.2100        1.2321

3                1.1910       1.2250      1.2597         1.2950     1.3310         1.3676

4                1.2625      1.3108     1.3605          1.4116       1.4641          1.5181

1)

Future value paying simple interest = Principal + [( principal * interest) * investment period]

Future value paying simple interest = $2,000 + [ ( $2,000 * 9%) * 3]

Future value paying simple interest = $2,000 + 540

Future value paying simple interest = $2,540

2)

Future value paying compound interest = Present value * ( 1 + interest)n

Future value paying compound interest = $2,000 * ( 1 + 0.09)3

Future value paying compound interest = $2,000 * 1.295029

Future value paying compound interest = $2,590.058

3)

Difference = $2,590.058 - 2,540

Difference = $50.058

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3 years ago
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What is the critical issues confronting WCC North America?

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The text "Supply Chain Logistics Management, by Donald J. Bowersox, David J. Closs, M. Bixby Cooper, John C. Bowersox, 2013" mentions the need to address the critical issue of WCC North America by setting up a system that populates data of customer order status,recognizing them as high volume key accounts, in order to keep order response efficient and effective.

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3. A politician makes the following argument: The economy would operate more efficiently if structural unemployment is completel
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Agree with the statement.

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This mainly happens because of the new technological innovations and the obsolete education system in a country. One a new technology or a new innovation comes in, the knowledge and the experience possessed by the workers become obsolete.

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3 years ago
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