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labwork [276]
2 years ago
15

g Donald’s employer fires Donald after only four months on the job, a clear breach of Donald’s written twelve-month employment c

ontract. Donald is entitled to recover as damages:
Business
1 answer:
insens350 [35]2 years ago
8 0

Answer:

Compensatory Damages

Explanation:

Based on this scenario it can be said that Donald is entitled to Compensatory Damages. This is a lawsuit that covers the loss that the non-breaching party incurred as a result of the breach of contract. In this scenario, Donald's employer breached the contract by firing Donald before the twelve months. Therefore Donald can sue for compensatory damages which would be the amount of money that he would have made in the rest of the twelve months.

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There is a bond that has a quoted price of 110.547 and a par value of $2,000. The coupon rate is 7.05 percent and the bond matur
olga55 [171]

Answer:

the YTM of the bond is 127.55 %

Explanation:

The YTM of the bond is the Market return that similar Bond Holders expect from the bond.

This can be calculated using a Financial calculator as :

PV = - $ 110.547

FV =  $2,000

PMT =  $2,000 x 7.05 % x 1/2 = $70.50

N = 19 x 2 = 38

P/yr = 2

YTM = ???

Therefore, the YTM of the bond is 127.55 %

6 0
2 years ago
Nonuniform Inputs, Equivalent Units Terry Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cl
anyanavicka [17]

Answer:

For Material 80,000

For Conversion 72,000

Explanation:

The computation of equivalent units of production for the bath linens department for August is shown below:-

                                     <u>Materials</u>               <u>Conversion</u>  

Units completed and

transferred out              60,000                   60,000

Units in process,

August 31                      20,000                   12,000

                                                               (20,000 × 60%)

Equivalent units of

production                   80,000                   72,000

Therefore to reach out the equivalent units of production we simply added the units completed and transferred out with Units in process Aug 31 of material and conversion.

4 0
2 years ago
Petrini Corporation makes one product and it provided the following information to help 20) prepare the master budget for the ne
Vitek1552 [10]

Answer:

C) $1,166,000

Explanation:

The sales budgeted will be

unit sales budgeted x unit sales price

we look into the assignment for these numbers:

  • February sales 10,600 units
  • unit sales price $110

And calcualte: 10,6000 units x $110 sales price

Total sales revenue for the month of February 1,166,000

The rest of the data is irrelevant for the question we are given thus, we ignore it.

5 0
2 years ago
The following transactions occurred during December 31, 2021, for the Microchip Company. On October 1, 2021, Microchip lent $115
const2013 [10]

Answer:

Reversing entries are given below

Explanation:

The accountant would reverse the adjusting entries of the accrual of salaries payable and the accruals of interest receivable.

December 31, 2021 (To record interest receivable)

                                                                        DEBIT               CREDIT

Interest receivable [$115,000*8%*3/12]         2300

Interest revenue                                                                          2300

December 31, 2021 (To record salaries payable)

                                         DEBIT            CREDIT

Salaries expense            7550

Salaries payable                                       7550

January 1, 2022  (To reverse the entry recorded on December 31, 2021)

                                             DEBIT           CREDIT

Interest revenue                   2300

Interest receivable                                      2300

January 1, 2022  (To reverse the entry recorded on December 31, 2021)

                                              DEBIT              CREDIT

Salaries payable                     7550

Salaries expense                                               7550

3 0
2 years ago
El Centro Company began the year with owner's equity of $30000. During the year, El Centro received additional owner
a_sh-v [17]

Answer:

$168,000

Explanation:

Equity = Assets - liabilities.

In the case of El Centro,  the increase in equity will be a result of profits or losses realized in the year.  Since equity increased to $112,000, then revenue for the period will be determined as follows.

$112,000 = (30,000 + 42,000)( equity) + revenue -( 120,000+ 8,000) expenses

$112,000 = $72,000 + revenue - $128,000

$112,000 = -56,000 + revenue

Revenue = 112,000 + 56,000

Revenue =$168,000

5 0
2 years ago
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