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Liono4ka [1.6K]
2 years ago
11

Kenneth entered into a contract to sell his home to Valerie, who put down a $5,000 earnest money deposit. At the last minute, Va

lerie backed out of the deal and Kenneth kept the earnest deposit. This is an example of ______.
Business
1 answer:
densk [106]2 years ago
8 0

An example of accepting liquidated damages is when valerie backed out of the deal and Kenneth kept the earnest deposit.

<h3>What is a liquidated damages?</h3>

A liquidated damages refers to a pre-estimated probable loss that would be suffered from the late completion of a contract.

In conclusion, the example of accepting liquidated damages is when valerie backed out of the deal and Kenneth kept the earnest deposit.

Read more about liquidated damages

<em>brainly.com/question/25697446</em>

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Key indicators of the growing importance of sustainability in managing an organization include .
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The report that compares actual performance and budgeted performance based on actual activity level is called a ______ budget pe
Gnesinka [82]

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<h3>What is a budget?</h3>

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Actual budget performance report gives room to

compares actual performance and budgeted performance based on actual activity level.

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3 0
2 years ago
A study was done on the campus of a major state institution to measure attitudes of students to-wards the recent fee increase. O
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3 0
3 years ago
Suppose that the central bank has increased the money supply such that there is an additional $ 231115 in excess reserves. If th
Alex787 [66]

Answer:

$196448

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Since the central bank has increased the money supply by $231115 but the reserve ratio is maintained at 15%, this means that 85% of the money is being injected in the form of money supply.

Hence, the maximum increase in money supply, the 85% of $231115 is: $196448.

Hope this helps.

Thank you and Good luck.

5 0
3 years ago
Read 2 more answers
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