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vaieri [72.5K]
3 years ago
12

Nancy Fur Supply has been selling fur coats to Patricia's Fur Shop pursuant to an existing contract. The price of fur pelts goes

up sharply and Nancy concludes that she can no longer continue to supply the coats to Patricia's at the agreed price. Nancy asks Patricia to agree to a 10 percent increase in the price of the coats and Patricia agrees but then later changes her mind and refuses to pay the additional 10%. In that case, Patricia:
Business
1 answer:
anygoal [31]3 years ago
3 0

Answer:

In that case, Patricia:

is still liable to pay the additional 10%.

Explanation:

The 10% price increase was preceded by an agreement between the two parties.  Patricia is bound to honor her agreements with her business partner to sustain the business relationship.  Refusing to pay a debt just by a change of mind does not repudiate the contract.  Nancy can enforce the agreement in the court for specific performance of the contract because this additional agreement simply modifies the earlier contract and remains enforceable.

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What term refers to people who are trendy and fashionable in order to impress others and are often impulse buyers?
oee [108]

Answer: Strivers

Explanation:

The term that refers to people who are trendy and fashionable in order to impress others and are often impulse buyers is Strivers.

It should be noted that Strivers are usually consumers that are from low income families but they so much believe in style and fashion and really wants to impress and emulate celebrities or high income earners who use lastest trends or fashion.

5 0
3 years ago
Financial markets a. facilitate the flow of funds from surplus to deficit units. b. facilitate the flow of funds from deficit to
Alex Ar [27]

Answer: Option C

     

Explanation: In simple words, financial markets refers to the market of stock, bonds and equities like securities in which the participant trade for the low transaction cost and easy availability of sellers and purchasers. Stock market is an example of financial markets.

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3 0
4 years ago
Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable
Mashutka [201]

Answer:

$68,000

Explanation:

The formula to compute the gross profit is shown below:

Gross profit = Sales revenue - cost of goods sold

where,

Sales revenue = Number of bags in premium green × selling price per unit + number of bags in green deluxe × selling price per unit

= 10,000 × $8 + 3,000 × $6

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And, the cost of goods sold is

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= $18,000 + $12,000

= $30,000

So, the gross profit is

= $98,000 - $30,000

= $68,000

8 0
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