Let's suppose that the demand for allergists increases in California. assuming there is a perfectly competitive market for allergists in California :
Allergists from other states (or countries) could move to California.
Surgeons, hematologists, and other doctors in California could become allergists after some retraining.
More people could enter medical school, specialize in allergies, and move to California.
A competitive market is an economic term that refers to a market in which there are a large number of buyers and sellers and no single buyer or seller can influence the market. A competitive market has no barriers to entry, many buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, perfect markets, also called atomistic markets, are defined by several idealized conditions collectively known as perfect or atomistic competition.
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<u>It serves the interests of client management rather than the public.</u>
The special function performed by the external auditing profession is the attestation to the fairness of the financial statements of clients.
"The special function helps ensure the reliability and integrity of the financial reporting system. The auditing profession exists to serve the users of an organization's financial statements. Auditors need to remember that they are serving the public interest and not necessarily the interests of client management."
"The special function is a testament that the financial statements of their client are fair. This function serves all users of the financial statement, to ensure they all will be receiving reliable financial information."
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Answer:
Differential cost of Alternative B over Alternative A=$61,600
Explanation:
Differential Cost:
It is the difference in costs if there are more than one alternatives and one alternative is chosen while rejecting the other alternatives.
In order to calculate the differential cost of Alternative B over Alternative A, including all of the relevant costs we first calculate the total cost of both alternatives and then tae the difference.
Total Of Alternative A=Material Cost+Processing Cost+Equipment Rental+occupancy costs.
Total Of Alternative A=$28000+$34000+$11000+$19500=$92,500
Total Of Alternative B=Material Cost+Processing Cost+Equipment Rental+occupancy costs.
Total Of Alternative B=$64000+$34000+$28500+$27600=$154,100
Differential cost of Alternative B over Alternative A=Total Of Alternative B-Total Of Alternative A
Differential cost of Alternative B over Alternative A=$154,100-$92,500
Differential cost of Alternative B over Alternative A=$61,600
Answer:
The answer is: Alais will prevail because of material breach of the contract
Explanation:
Material breach in contract law refers to one party failing to perform under the contract significantly enough so that the aggrieved party has the right to sue for breach of contract.
In this case when Rutherford failed to perform, Alais sustained enough "damage" that enables her to sue Rutherford. She probably was no longer able to finish her job in time.
