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ANEK [815]
2 years ago
12

Ron operates a garbage pickup business. he contracts to pick up garbage from an apartment complex for the next 52 weeks at a pri

ce of $150 per week. unexpectedly, the landfill center where ron takes the garbage to dispose of it, files for bankruptcy. as a result, ron must travel an additional 100 miles to the nearest landfill center, turning ron's expected profit into a loss of $40 per week. ron's best argument in support of his petition to be discharged from the contract is
Business
2 answers:
blsea [12.9K]2 years ago
6 0

Answer: His argument would be “Discharge by Frustration”

Explanation: There are basically four ways by which a contract can be discharged which includes;

Performance

Agreement

Repudiation and

Frustration

When a contract becomes impracticable from either or both parties to the agreement then it would have to be discharged. In this instance, it is not by agreement, there was no deliberate breach of contractual agreement, and neither is it because the terms of the contract have been fulfilled, but rather because some current unforeseen circumstances have made it impossible for the terms to be fulfilled.

There was an unforeseen event that prevented Ron from continuing with the contractual relationship with his clients, namely the relocation of the landfill to a farther distance. This is beyond his control and continuing with that arrangement would turn his expected profits into losses.

In order not to suffer avoidable losses and possible bankruptcy, Ron has the option of petitioning to be discharged from the contract on the basis of frustration of his efforts.

liq [111]2 years ago
4 0

Answer:

The options are given below:

A. the mail box rule.

B. commercial impracticability.

C. frustration of purpose.

D. true impossibility.

The correct option is B

Explanation:

Commercial impracticability refers to a situation whereby an event occurs which makes the performance of a contractual duty excessively burdensome, unbearably difficult, or extremely expensive, for the party committed to such performance.

As can be seen from the scenario given above, Ron will be incurring a loss of $40 were he to continue with the contract, this loss has rendered the contract commercially impracticable, and therefore, this will be Ron's best argument in support of his petition to be discharged from the contract.

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All of the following represent cash outflows to the firm excepta. Taxes.b. Interest payments.c. Dividends.d. Purchase of plant a
Sergio039 [100]

All of the following represent cash outflows except E; Depreciation.

Further Explanation:

Cash outflows to a firm/business is how much cash for the business is available after taxes and capital are paid for. Interest payments, dividends and the purchase of equipment for the plant is considered into the cash flows.

Depreciation will not be part of the cash flow. This is considered to be a non-cash expense to the business/firm. This is an ongoing charge to the fixed assets of the business. This actually reduces the cash flow by reducing the monies paid for income taxes.

Learn more about depreciation at  brainly.com/question/9862781

#LearnwithBrainly

7 0
2 years ago
The following are data for an economy in billions of dollars: Net rental income 141 Depreciation 1,241 Compensation of employees
Brilliant_brown [7]

Answer:

GDP= 9,872

Explanation:

The Expenditure Approach is a method of measuring GDP by calculating all spending throughout the economy including consumer consumption, investing, government spending, and net exports. This method calculates what a country produces, assuming that the finished goods and services of a country equals the amount spent in the country for that period.

The formula is:

GDP=C+I+G+/-NX

GDP: Gross Domestic Product

(C) consumer spending – this is the amount that all consumers spend on goods and services for personal use.

(I) investment – this is the amount that businesses or owners spend to invest in new equipment or expansions.

(G) government spending – this includes spending on new infrastructure like bridges and roads.

(NX) net exports – this includes spending on a country’s exports minus its spending on imports.

GDP= 6,728+1,767 +1,741+(1,102-1,466)

GDP= 9,872

7 0
2 years ago
Dietrick Corporation produces and sells two products. Data concerning those products for the most recent month appear below:
mrs_skeptik [129]

Answer:

b. $69,754  

b. $69,754  

b. $69,754  

b. $69,754  

b. $69,754  

b. $69,754  

b. $69,754  

b. $69,754

Explanation:

contribution = sales - variable cost

for Product B32L:

contribution = sales - variable cost

                     = 46,000 - 13800

                     = $32,200

for Product K84B:

contribution = sales - variable cost

                     = 27,000 - 14,670

                     = $12,330

total sales of the company = 46,000 + 27,000

                                             = $73,000

total contribution of the company = $32,200 + $12,330

                                                         = $44,530

cotribution margin ratio = contribution/sales

                                        = 44530/73000

                                        = 0.61

break even point  = fixed cost/cotribution margin ratio

                              = 42550/0.61

                              = $69,754

Therefore, The The break-even point for the entire company is closest to $69,754.

3 0
2 years ago
Richard created an advertisement that included a scientific explanation of how clothes are cleaned beside the image of washing m
olga2289 [7]

Answer:

Richard should have use <u>b</u><u>r</u><u>e</u><u>v</u><u>i</u><u>t</u><u>y</u> and <u>p</u><u>e</u><u>r</u><u>c</u><u>i</u><u>s</u><u>i</u><u>o</u><u>n</u><u> </u>in his ad to make it better.

Explanation:

Brevity is similar to shortness and percision is the most suitable answer because fluidity means changable and the comparability mean it can be similar and comparable

4 0
2 years ago
An owner can lease her building for $120,000 per year for three years. The explicit cost of maintaining the building is $40,000,
Sergeeva-Olga [200]

A) Accounting profits dont take implicit costs into account, only "real" or quantifiable costs. Thus the present value of a 120,000 lease at 5% for three years with explicit costs of $40,000 maintenance is: 

PV = [ FV/(1+r)^n ] - (Explicit Cost) 

PV = 120000/(1.05^3) - (40000*3) B) same thing but add implicit costs ... 

PV = 120000/(1.05^3) - (40000*3) - (55000*3)

3 0
2 years ago
Read 2 more answers
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