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storchak [24]
2 years ago
13

ack, the local farmer, grew various vegetables and fruit over the summer. He had a food stand that people could stop at for purc

hasing their fruit and vegetables. One day, Jackie stopped at the food stand and asked to purchase 5 bushels of tomatoes at $15 per bushel. She was planning on canning, and asked Jack if he would be willing to deliver the bushels to her house the next day. Jack agreed and Jackie paid him the money, Jack failed to deliver the bushels of tomatoes and did not respond to any of Jackie's calls. Jackie was forced to purchase her tomatoes from another farmer for $20 per bushel. She then sued Jack for breach of contract What amount may Jackie recover from Jack if she prevails in her lawsuit? o $20 O $15 O $75 O $100 O $25
Business
1 answer:
Anna007 [38]2 years ago
5 0

Answer:,S25

Explanation:

The sales agreement between Jack is and Farmer was for a consideration of S75, the consideration for the purchase of tomatoes from another farmer is S100, this invariably means Jackie has incurred an additional S25 to purchase the tomatoes than he will normally has paid for it. This sum of S25 his what she will get in a lawsuits.

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Leo received $7,500 today and will receive another $5,000 two years from today. He will invest these funds when he receives them
alekssr [168]

Answer:

Value of Investment= Principal (1+Rate of return)^Number of periods

For the first investment the principal is 7,500, the rate of return is 11.5% and the number of periods are 5 so the value of the investment will be

7,500 (1+0.115)^5=12,925

For the second investment the principal is 5,000, the rate of return is 11.5 and the number of periods are 3 as the 5,000 is invested two years from today.

5,000*(1+0.115)^3=6,931

Total value of investments = 12,925 +6,931 = $19,856

8 0
1 year ago
A company’s stock is currently selling for 28.50. Its next dividend, payable one year from now, is expected to be 0.50 per share
melisa1 [442]

Answer: $22.22

Explanation:

We can use the dividend discount model to solve for this.

The formula is,

P = D1 / r - g

Where,

D1 = the next dividend

r = the expected return

g = the growth rate.

We do not have the expected return but we can calculate for it using the old stock price and growth rate. Making it x we have,

28.5 = 0.5 / x - 0.075

28.5 (x - 0.075) = 0.5

x = 0.5 / 28.5 + 0.075

x = 0.09254385964

x = 9.25 %

Now that we have the expected return we can calculate the new stock price with the new growth rate,

P = 0.5 / 9.25% - 7%

P = 22.2222222222

P = $22.22

The new stock price is $22.22

5 0
1 year ago
Last month, Korey's Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey's g
nevsk [136]

Answer: 76.3%

Explanation: Gross profit margin is calculated by dividing the gross profit (difference between revenue and cost of goods sold) by revenue (Net sales). It could be expressed as a percentage by multiplying by 100.

Gross profit margin = (gross profit ÷ net sales) * 100

Gross profit = $3,320

Net sales = $4,350

Gross profit margin = ($3,320÷$4,350) * 100

0.763 * 100 = 76.3%

7 0
1 year ago
Read 2 more answers
Assume the following facts are true for 2016: 318 million people lived in the United States. A total of 2,468,435 of these peopl
Gre4nikov [31]

Answer:

The number of people that were at risk for diabetes in 2016 is 289 million people

Explanation:

The number of persons at risk of a health outcome in a population is the difference between the total population and the number of persons that already have the health outcome in the population.

The number at risk of an outcome is calculated at the beginning of the year, before changes occur throughout the progression of the year, to accurately state the number at risk for that research year.

In our example, we will be concerned only about the data gotten at the beginning of the year, and these include;

The total population = 318,000,000 people

Number of persons with diabetes at the beginning of 2016 = 29,000,000 people.

Therefore, number of persons at risk for diabetes in 2016 = The total population - Number of persons with diabetes at the beginning of 2016

= 318,000,000 - 29,000,000 = 289,000,000 (289 million) people).

Note do not confuse this with the risk ratio for diabetes in 2016, which is the ratio of the number with diabetes and the total population.

5 0
1 year ago
Forâ April, Anderson Antiques will have cash receipts ofâ $365,000 and cash disbursements ofâ $370,000. If its beginning cash is
ICE Princess25 [194]

Answer:

D. $4,000

Explanation:

For Anderson Antiques the following have been given

Opening balance= $4,000

Cash receipts (inflow)= $365,000

Cash disbursed (outflow)= $370,000

Desired reserve= $3,000

So cash at end of day= Opening balance + cash inflow - cash outflow

= 4,000+ 365,000- 370,000

= - 1,000

Remember we want a cash reserve of $3,000 so we take it out of closing balance

Final figure= -1,000-3000= -$4,000

So shortfall of $4,000

6 0
1 year ago
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