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2 years ago

a contract clause which specifies the amount of damages to be paid in the event of a breach is called

1 answer:

5 0

A contract clause which specifies the amount of damages to be paid in the event of a breach is called a liquidated damages clause.

When parties are entering into a contractual agreement, certain provisions are catered for in the contract which allows payment of a specified sum should one of the parties be in breach of contract. This is called liquidated damages clause.

The purpose of adding the clause ( liquidated damages clause) is to ensure sure parties to the contract understand and performs their duties accordingly.

Learn more at : brainly.com/question/12413891

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Suppose that a union successfully negotiated a 10 percent wage increase and the quantity of labor demanded increased by 10 perce

Mademuasel [1]

We can conclude that labor demand is unit elastic.

<h3>What is unit elastic demand for labor?</h3>

The elasticity of demand for labor measures how the quantity of labor demanded when there is a change in the wages of labor. The the elasticity of demad is unit elastic, it means that when the ratio of the percentage change in quantity demanded to the percentage change in wage is 1.

The elasticity of demand for labor = percentage change in quantity of labor demanded / percentage change in wages

10% / 10% = 1

Here are the options:

labor demand is highly elastic.

the coefficient of labor demand elasticity is less than 1.

labor demand is unit-elastic

To learn more about the elasticity of demand for labor, please check: brainly.com/question/23301086

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8 0

2 years ago

from an ethical standpoint, of various alternatives are available to report a transaction, what are some of the questions an acc

defon

Answer:

Whenever an accountant have some alternatives for reporting a transaction then there are some certain ethical issue for which an accountant must be aware;

1. is this method is permissible by the accounting standards?

2. Is this method permissible by the norms of the firm and industry?

3. Is this method violates ethical code of an accountant?

4. Is this method helps in maximizing overall welfare of stockholders?

5. Is this method helps in depicting true financial information to the stakeholders?

6. is this method really helps a firm in getting its objectives?

So before accepting any alternative an accountant should consider above mentioned points.

If alternative are successful on the above parameters then accountant can accept that alternative and in such case this alternative will not violate any ethical issue.

Explanation:

8 0

4 years ago

Barney has a balance of $780 on a credit card with an APR of 31.3%, compounded monthly. About how much will he save in interest

BlackZzzverrR [31]

$119.66 is the answer for apex

8 0

3 years ago

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What is the economic term used for sustained increase in the price of goods and services? inflation depression recession deflati

MakcuM [25]

Well depression and deflation and recession are when prices go down. So it is not them. Inflation is when the price raises because of supply and demand. So the correct answer is Inflation.

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4 years ago

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When businesses are waiting for a customer to pay them for

nata0808 [166]

A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and acrrued expenses

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3 years ago

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