Answer:
$300,000
Explanation:
A contract is formed between different parties when there is an offer and acceptance of terms in performance of a job.
In construction contracts where a construction company enters a contract to build a warehouse for Vincent Corporation. The amount they will lost profits depends on which party is breaching the contract and at which project stage it happens.
In this case the contract was breached by the owner before project began. Damages/lost profits are project price less project cost.
Lost profit= 700,000 - 400,000= $300,000
Answer:
Option (3) $1,245
Explanation:
Data provided in the question:
General ledger checking account balance = $1,360
Bank balance on bank statement = $1445
Deposits in transit = $150
Outstanding checks = $350
Bank statement service charges = $30
NSF checks = $85
Now,
The Correct cash balance will be
Bank balance on bank statement $1,445
Add : Back deposits in transit $150
Subtract : Outstanding checks $350
----------------------------------------------------------------------------------------------------
Correct balance $1,245
Hence,
Option (3) $1,245
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Answer:
(C) Partner A will have a smaller loss absorption potential than L
Answer:
1. Inflation is best described as _____.
- an upward, general trend of prices in the economy
2. Which of the following scenarios illustrates cost-push inflation?
- An increase in the price of raw materials decreases aggregate supply, pushing prices higher throughout the economy.
3. The Consumer Price Index in 2018 was 251. In 2019, the CPI rose to 257. Calculate the inflation rate from 2018 to 2019. Round your answer to the nearest tenth of a percent.
- 2.4%
4. The Consumer Price Index of any given year provides _____.
- the relative price of a basket of consumer goods as compared to base year prices
5. The rate of inflation in a hypothetical economy is projected to be 1.5% in the coming quarter. Given this information, the Federal Reserve is likely to _____.
- make efforts to raise the inflation rate because 1.5% is below the desired rate of inflation
Explanation:
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