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Luda [366]
2 years ago
15

Marie contracts to buy coffee beans for her store from Owen. The contract price is $5.00 per pound. Owen breaches the contract a

nd delivers no coffee. Marie'sdamages will be:
Business
1 answer:
Katyanochek1 [597]2 years ago
5 0

Answer:

d. the difference between the market price of

the coffee and the contract price.

Explanation:

Damages can be described as the loss caused

by a breach of a contract. They are measured

and expressed in monetary units. Damages

arise because one person in a contract has

not fulfilled their obligation. As a resut, the

innocent party suffers losses or injury.

Damage compensation should take an injured

party to where they should have been if the

contract was not breached. For Marie, If the

contract was not breached, she would have

bought the coffee at $5 per pound. Her

damages would be the difference between thne

price she eventually paid for the coffee, and

the contract price of $5.

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Explanation:

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Maria lost her job because the economy is shrinking. This is an example of _____.
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It is an example of cyclical unemployment.

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Matthew is a divisional manager at Venus Inc. and reports to the CEO of the company. The CEO delegates resources and authority t
ddd [48]

Answer:

A) Information asymmetry.

Explanation:

An information asymmetry can be defined as a situation where there is an imbalance of information between two parties in their knowledge of important points, factors and details. Thus, because one party has more information or knowledge than the other, this usually results in an inefficient outcome and or failure.

The theory of information asymmetry was developed and introduced by three (3) notable Nobel prize winning economists, namely; Michael Spence, George Akerlof and Joseph Stiglitz.

In this scenario, Matthew a divisional manager at Venus Inc. reports to the CEO of the company. Matthew has more employees working for him than required and he has not told the CEO about this, even though there are other departments that are in need of more employees.

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3 0
3 years ago
If real income rises 4%, prices rise 1%, and nominal money demand rises 4%, what is the income elasticity of real money demand?
goblinko [34]

The income elasticity of real money demand d. 3/4

Increase in real money demand = Increase in nominal money demand - Increase in inflation = 4% - 1% = 3%

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= 3% / 4%

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Income elasticity of demand is a monetary measure of how responsive the amount of demand for a very good or provider is to trade-in earnings. The formulation for calculating earnings elasticity of demand is the percentage change in quantity demanded divided by using the percent change in earnings.

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5 0
2 years ago
Sanchez Company's output for the current period was assigned a $419,000 standard direct labor cost. The direct labor variances i
skad [1K]

Answer:

the actual total direct labor cost for the current period is $425,285

Explanation:

<u>Reconciling Standard Cost to Actual Cost</u>

Standard Cost                                                          $419,000

<em>Add</em> Unfavorable direct labor rate variance             $10,475

<em>Less</em> Favorable direct labor efficiency variance       ($4,190)

Actual Cost                                                               $425,285

3 0
3 years ago
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