Answer:
(a) The Vasquez construction is the principal, the surety is the party that underwrites the contract and local school board is the obligee.
(b) If Vasquez fails to finish the contract, then the surety will be required to pay for the loss suffered by the obligee due to the contract failure.
(c) In a surety bonds contract, the surety has a legal right to get back the losses from the principal.
Explanation:
Solution:
(a) Under a performance bond contract, the owners assures that the work will be completed within a specific time frame and contract specification.
In this example given, the Vasquez construction is the principal, the surety is the party that underwrites the contract and local school board is the obligee.
(b) If the Vasquez construction fails to complete or finish the contract, then the surety will be obliged to pay for the loss suffered by the obligee due to the failure of the contract.
(c) In a surety bond contract, the surety has a legal right to recover the losses from the principal. for this later on, the surety can recover it's loss from the principal.
Answer:
a. $140,000 decrease
Explanation:
![\left[\begin{array}{cccc}Year&continued&discontinued&differential\\Sales&680,000&0&-680,000\\variable \: cost&-540,000&0&540,000\\contibution&140,000&0&-140,000\\fixed \: cost&-145,000&-145,000&0\\net \: income&-5,000&-145,000&-140,000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DYear%26continued%26discontinued%26differential%5C%5CSales%26680%2C000%260%26-680%2C000%5C%5Cvariable%20%5C%3A%20cost%26-540%2C000%260%26540%2C000%5C%5Ccontibution%26140%2C000%260%26-140%2C000%5C%5Cfixed%20%5C%3A%20cost%26-145%2C000%26-145%2C000%260%5C%5Cnet%20%5C%3A%20income%26-5%2C000%26-145%2C000%26-140%2C000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
The fixed cost would not be eliminated entirely and we have no information of any partial decrease. so the differential analysis shows a decrease in 140,000 in the net income if product T is discountinued
Answer:
branded
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question this is an example of branded content. This is a product that is produced by a specific company under a specific name, and anything under that name is in term owned by the company that owned that name. Therefore they can make decisions on how to use that product.
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