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Natalka [10]
2 years ago
10

RV Company agrees to buy a certain quantity of vintage campers from Sales Inc. Their contract limits consequential damages for l

ost profits resulting from the use of the goods. This limit is not necessarily unconscionable because
Business
1 answer:
Aleks [24]2 years ago
4 0

Answer:

consequential damages cover only reasonable foreseeable losses.

Explanation:

  • The contract limits the resulting loss to lost profits from the use of the goods. The limit is not necessarily unconscious because lost profits are not necessarily significant and can be considered as direct or indirect losses.
  • the contract may apply to both the lease and the sale and excluding some from the contract simply because it is a commercial loss makes no sense.
  • so limit is not necessarily unconscionable because consequential damages cover only reasonable foreseeable losses.

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An agency that offers accreditation for health-oriented websites is ____.
Eddi Din [679]
An agency that offers accreditation for health-oriented websites is URAC.
UARC promotes a continuous development in the quality and efficiency of healthcare management through the process of accreditation, education, and measurement. It is a non-profit organization that under the name of Utilization 
Review Accreditation Commision in 1990.
6 0
3 years ago
Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance
asambeis [7]

Answer:

The number of check-ups in this market would decrease.

Explanation:

This is an example of price ceiling.  

Price ceiling refers to a legal maximum price that is set by the government for a commodity to be sold.

Price ceiling set below the equilibrium price will result in a supply shortage as it will be effective and binding, while price ceiling set above the equilibrium price will not affect quantity supplied in the market as it will not be effective and binding.

Since the $40 price of heck-up is below $50 equilibrium price, it will result in shortage supply and the number of check-ups in this market would decrease.

5 0
3 years ago
Compute the dollar amount of working capital that can be reduced at year-end if the ending heel raw material inventory is cut by
erica [24]

Answer:

Note: The full question is attached as picture below

a.                                               No of units Cost per unit   Total Cost

Beginning Inventory      1,200                     $8            $9,600  

Add Purchase                            35,000                  $8            $280,000  

Inventory available for              36,200                  $8             $289,600  

production

Less Inventory transferred to    33,200                 $8             $265,600  

production  (16,600 Pairs*2 Heels)

Ending Inventory                        3,000                  $8             $24,000

b. Working capital will be reduced by: (3,000*$8)/2 = $12,000

4 0
3 years ago
"Shenandoah Skies" is the name of an oil painting by artist Kara Lee. In each of the following cases, determine the amount and c
masya89 [10]

Answer:

A. $6000 ordinary income on sale of a creative asset by the creator of the asset.

B. $4000 ordinary income on the sale of inventory.

C. $35000 capital gain on sale of a capital asset. (which is a non depreciable business personality).

Explanation:

The taxpayer sold a painting to Reller Gallery for $6000. So, the tax payer amount and the character of tax payer gain or loss is as follows:

A. $6000 amount realized minus zero basis is equal to $6000 ordinary income on sale of a creative asset by the creator of the asset.

Reller Gallery sold the painting purchased by from Kara to a regular customer, Lollard Inc. for $10000. So, the tax payer amount and the character of tax payer gain or loss is as follows:

B. $10000 amount realized minus $6000 cost basis is equal to $4000 ordinary income on the sale of inventory.

Lollard Inc., the tax payer, was the regular customer that purchased the painting from the Reller Gallery. Lollard showed the painting in the lobby of its corporate headquarters until it sold "Shenandoah Skies" painting to a collector from Dallas. Where the collector paid $45,000 for the painting. So, the tax payer amount and the character of tax payer gain or loss is as follows:

C. $45000 amount realized minus $10000 cost basis is equal to $35000 capital gain on sale of a capital asset. (which is a non depreciable business personality).

3 0
3 years ago
Read 2 more answers
When Mathilda first walked into the glass-enclosed lobby of Data Mining Solutions’ headquarters, she observed an enormous three-
natali 33 [55]

Answer: Symbols

Explanation:

Observable artifacts are symbols, words, languages (they could be slang or jargon), stories of legends, practices. This give those in the future the explanation of what happened in the past or what's currently ongoing with a message to those who come across them.

The observable artifact the organization is using is that of symbols.

6 0
2 years ago
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