1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Flask Company reports net sales of $4,000 million; cost of goods sold of $3,600 million; net income of $720 million; and average
denpristay [2]

Answer:

1.16

Explanation:

Given that,

Net sales = $4,000 million;

Cost of goods sold = $3,600 million;

Net income = $720 million

Average total assets = $3,450 million

Total Asset Turnover Ratio:

= Net Sales ÷ Total Average Assets

= $4,000 million ÷ $3,450 million

= 1.16

Therefore, the total asset turnover ratio of Flask Company is 1.16.

3 0
3 years ago
You purchase one IBM July 125 call contract for a premium of $5. You hold the option until the expiration date when IBM stock se
Trava [24]

Answer:

Loss of $500

Explanation:

Given that

Stock price = 123

Strike price = 125

Premium price = 5

Recall that

Long call profit = (MAX (stock price - strike price, 0) - premium per share

Thus,

Long call profit = Max [0, ($123 - $125)(100)] - $500

= - $500.

Therefore, the negative sign in front indicates a loss of $500

3 0
3 years ago
Anthony Finley wishes to become a millionaire. His money market fund has a balance of $287,270 and has a guaranteed interest rat
mrs_skeptik [129]

Answer:

15 years

Explanation:

The target accumulated future amount is the future value of the initial investment(present value), hence, using the future value formula provided below we can determine the investment time horizon in years required to accumulate the target amount:

FV=PV*(1+r)^n

FV=$1,200,000

PV=$287,270

r=10%

n=investment period in years=unknown

$1,200,000=$287,270*(1+10%)^n

$1,200,000/$287,270=(1+10%)^n

$1,200,000/$287,270=(1.10)^n

take log of both sides

ln($1,200,000/$287,270)=n ln(1.10)

n=ln($1,200,000/$287,270)/ln(1.10)

n=15.00years

4 0
2 years ago
Highest and best use would best be defined as:
Sav [38]

Answer:

The reasonable, probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value.

Explanation:

5 0
3 years ago
Read 2 more answers
The three-letter code that summarizes your three strongest career types is called your
lorasvet [3.4K]
I think it's called the Holland code.
8 0
3 years ago
Read 2 more answers
Other questions:
  • What are the factors used to measure the "multinationality" of a company? Multiple Choice
    5·1 answer
  • The gap between exports and imports in a nation's economy is called the ___________. trade surplus trade balance trade deficit t
    9·2 answers
  • Hill Co. can further process Product O to produce Product P. Product O is currently selling for $60 per pound and costs $42 per
    10·1 answer
  • Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000 and $130,000, respectively.
    8·1 answer
  • Fiat money: a is currency backed by the gold in Fort Knox. b is currency from Italy. c has advantages over commodity-backed mone
    7·2 answers
  • You go on vacation to Mexico and take $1,000 with you. During your time in Mexico, the peso appreciates in value relative to the
    14·2 answers
  • A quantitative method used to evaluate multiple locations based on total cost of production or service operations is called:
    11·1 answer
  • Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero-interest-bearing note to Equinox Inc. The market rate o
    5·1 answer
  • The number of shares of a class of stock that are outstanding is: Multiple Choice the number of shares authorized minus the numb
    5·1 answer
  • Do you imagine yourself becoming an entrepreneurship and managing your business in the future?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!