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igor_vitrenko [27]
2 years ago
7

Dobry Die & Mold, Inc., enters into a contract with Chet's Refitting Service to fix Dobry's precisely engineered molding equ

ipment. If Chet's delays the repair for five days, knowing that Dobry will lose a certain percentage of profit for the delay, Dobry might be awarded consequential damages toa. establish, as a matter of principle, that Chet's acted wrongfully.b. provide Dobry with funds for a foreseeable loss beyond the contract.c. provide Dobry with funds for its loss of the bargain.d. punish Chet's and set an example to deter others from similar acts.
Business
1 answer:
wlad13 [49]2 years ago
7 0

Answer:

I suppose that when Dobry and Chet's entered a contract there was a time set for the reparations to begin, maybe not to end the repairs since that may vary, but at least to start working on them and try to do it fast.

If Chet's delayed their work and did not start repairing Dobry's equipment on time (5 days), then Dobry should be able to sue for consequential damages in order to recover money due to a foreseeable loss beyond the contract. If Dobry cannot operate its equipment then it cannot produce, so it is Chet's fault that their production is halted.

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dezoksy [38]

No, because Jane is not able to influence the engagement or on the attest team. According to Interpretation 101-1<span>, </span>the independence is not impaired except the manager falls within the description of a “covered member” in ET section 92.06. Jane in general would not be well-thought-out a covered member since she is not on the attest engagement team and does not be responsible for non-attest services to the client.

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2 years ago
Kieran owns and operates his own bike shop. In the past week, he received two offers: one to work for a competitor for $50,000 p
icang [17]

Answer:

C. $4000

Explanation:

Given that

Total opportunity cost = salary plus interest forgone, that is 50,000 + 6% of 100,000

= 50,000 + 6000 = 56,000.

Total revenue received = 60,000

Recall that

Economic profits = Revenue - (implicit + explicit cost)

And that

Implicit cost = opportunity cost = 56,000

Explicit cost = 0 (from the question, revenue covered it)

Thus

Economic profit = 60000 - 56000

= $4000

5 0
2 years ago
A truck costs​ $316,000 and is expected to be driven​ 116,000 miles during its​ five-year life. Residual value is expected to be
mel-nik [20]

Answer:

Annual depreciation= $73,551.72

Explanation:

Giving the following information:

A truck costs​ $316,000 and is expected to be driven​ 116,000 miles during its​ five-year life. The residual value is expected to be zero. The truck is driven​ 27,000 miles during the first​ year.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= (316,000/116,000)*27,000= $73,551.72

8 0
2 years ago
Read 2 more answers
Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh
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Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

5 0
2 years ago
In​ 2019, Forever​ Young, Inc. sold land for $ 110 comma 000 ​cash, purchased equipment for $ 18 comma 000 cash and issued bonds
True [87]

Answer:

The Net cash provided by investing activities​ is <u>$172,000</u>.

Hence, the correct option is <u>B. $ 172 comma 000.</u>

Explanation:

Given:

In​ 2019, Forever​ Young, Inc. sold land for $ 110,000 ​cash, purchased equipment for $ 18,000 cash and issued bonds for $ 80,000 cash.

Now, to find the Net cash activities.

Land sold of cash = $110,000.

Equipment purchased of cash = $18,000.

Bonds issued of cash = $80,000.

Now, to get the Net cash activities we put formula:

<u><em>Net cash activities = Land sold - Equipment purchased + Bonds issued</em></u>

                               =110,000-18,000+80,000\\\\=110,000+62,000\\\\=172,000.

Therefore, the Net cash provided by investing activities​ is $172,000.

Hence, the correct option is <u>B. $ 172 comma 000.</u>

6 0
2 years ago
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