In the context of breach of contract, Dry Gulch Farms does not incur additional costs when hiring Fernando for the irrigation system repairs, as Fernando's charge is less than Elliot's contracted amount. Therefore, Dry Gulch may not recover damages from Elliot based on the contract prices. This highlights the concepts of breach of contract and the mitigation of damages in contract law.
Explanation:When Elliot fails to fulfil the irrigation system repair contract with Dry Gulch Farms, the farm hires Fernando to complete the job at a different price. This situation deals with a breach of contract and the potential damages Dry Gulch may recover from Elliot - notably the difference in contract prices if any, and possibly additional damages resulting from the breach.
However, in this scenario, Dry Gulch hires Fernando for $500 less than the amount agreed with Elliot. Therefore, in strict legal theory, Dry Gulch has mitigated its damages and may not recover the cost from Elliot, since they did not incur additional cost. This situation exemplifies the importance of understanding contract law and the consequences of not fulfilling contractual obligations.
A message sent by an hr manager asking all employees to submit details about overtime performed in the previous quarter is an example of a routine request asking for ________.
a. adjustments
b. references
c. settlements to claims
d. information or action
e. recommendations
40 ServSafe alcohol
Jorge martinez is a well-educated entrepreneur who operated a small business in his home country of fiorentina. at the encouragement of his american relatives, jorge recently immigrated to the united states and applied for u.s. citizenship. "in fiorentina, tax rates were very high," jorge complained. "the government used the taxes i paid to finance all sorts of social programs to help the less fortunate. while this is a noble goal, it has really undermined the profit incentive of individuals such as me. i really feel that these high taxes have stifled economic growth." jorge's comments illustrate the reason many socialist countries are experiencing a(n):
Do not carry pneumatic tools by the __________.
A.
Air Hose
B.
Hose clamps
C.
Retainers
D.
Safety clips
Pneumatic tools should not be carried by the Air Hose, as it can lead to tool damage, potential disconnection, and injuries. These tools should be transported by their handle or main body, while retainers, hose clamps, and safety clips are meant to secure components. The correct option is A.
Do not carry pneumatic tools by the Air Hose.
Carrying pneumatic tools by the air hose can cause damage to the hose, which may result in a failure. This could be potentially dangerous as it may lead to the tool disconnecting from the air supply and becoming a flying hazard or causing the hose to whip. Instead, pneumatic tools should be transported by their handle or main body, using any handles or grips provided by the manufacturer designed for safe transportation.
Retainers, hose clamps, and safety clips are parts of pneumatic tools or their accessories that help maintain a safe working condition by ensuring components are securely fastened, but they are not intended for carrying the tool.
Worldwide consulting limited is an italian-based service company with activities in 23 countries. the company operates by embedding a large number of expatriates in foreign subsidiaries, even though the expatriates are not always familiar with the host country to which they are assigned. what is the most important benefit worldwide consulting is most likely to achieve through this practice?an exchange of information and knowledge across subsidiaries facilitated by the expatriates.the presence of expatriate employees enhances the prestige of the foreign subsidiaries and increases client satisfaction.the presence of a large number of expatriates improves employee motivation and reduces employee turnover.having ex-pat employees allows the parent company to keep tighter control of its offshore subsidiaries.
In order for the economy to be strong, businesses must? A.produce goods and pay workers B.provide labor and pay workers C.Produce goods and buy goods D.provide labor and buy goods
For an economy to be strong, businesses must produce goods and pay workers. This results in an increase in worker income and a positive cycle of demand, supply, and further demand. This dynamic is significantly assisted by the application of the division of labor.
Explanation:In order for the economy to be strong, businesses must produce goods and pay workers. This dynamic is key to strong economic activity. Businesses that produce goods require workers to supply labor. These workers then earn wages which increase their income. This income is then often used to make purchases, creating demand for goods in the market. As more goods are purchased, more suppliers are drawn into the market to meet the increased demand, resulting in increased production.
Furthermore, this process is also rooted in the principle of the division of labor. This is where workers specialize in specific tasks, and in turn, trade the fruits of their labor with others. Workers connected to a labor market can, therefore, contribute significantly to an economy's growth by providing specialized labor, thereby helping businesses to produce goods and services efficiently.
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Making periodic deliveries of products to each zara store is an example of
Making periodic deliveries of products to each Zara store is an example of “carry out the Plan.”
Further Explanation:
Periodic delivery:
The periodic delivery refers to the delivery of the goods where the whole quantity is not delivered at a single time. Instead, the delivery of the goods is carried out on a periodic basis. The main reason behind the periodic delivery is to remain the least level of inventory.
Technique used by Zara:
Zara deals in the fashion industry, which is a very unpredictable market. The fashion trends can change over a week or a month. Therefore, the retailers have to keep the update of the current market trends and the upcoming market trends to produce the product for future demand. As the trends in the fashion industry change very fast, retailers try to predict future trends and fulfill their stock accordingly. However, Zara has adopted a different approach. It used the periodic delivery where it fulfills the 50-60% of the stock, and the remaining stock is fulfilled by the periodic delivery. The periodic delivery depends on the market trend at the time of delivery. The periodic delivery helps Zara to decrease the shortage risk in case of a change in trend. It is an example of “carry out the plan”.
Thus, making periodic deliveries of products to each Zara store is an example of “Carry out the Plan”.
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2. Learn more about the supply of goods
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3. Learn more about the expenses
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Answer Details:
Grade: Middle school
Chapter: Marketing Strategies
Subject: Business
Keywords: Making periodic, deliveries, products, each, zara, store, example, goods, quantity, fashion, industry.
Identify a product for which packaging adds value and describe how that value is added for the consumer
Mark is selling gourmet apples at a price of $2 per pound. currently, he sells 100 pounds of apples per week. this week, mark raises his price to $3, and his sales of apples fall to 75 lbs. mark's initial revenue from apple sales was $ nothing. mark's new revenue from apple sales is $ nothing. since mark's revenue increased when the price of apples rose, the demand for mark's gourmet apples must be ▼ elastic unitary inelastic .
Mark's increase in revenue from $200 to $225 after a price increase, despite a decrease in quantity sold, demonstrates that the demand for his gourmet apples is inelastic. Elasticity relates to how much consumers' quantity demanded changes in response to price changes, and inelastic demand indicates a lesser change. The concepts of substitution and income effects provide further insight into the factors affecting demand elasticity.
Initially, Mark was selling gourmet apples at $2 per pound, selling 100 pounds per week, which brought him a revenue of $200 weekly. After raising the price to $3 per pound, his sales dropped to 75 pounds per week, resulting in a new revenue of $225. This increase in revenue despite the drop in quantity sold indicates that the demand for Mark's gourmet apples is inelastic.
When demand is inelastic, consumers' quantity demanded doesn't change significantly with a price increase, hence revenue increases. Conversely, if demand were elastic, the quantity demanded would drop enough to lower total revenue following a price increase. Therefore, since Mark's revenue increased after the price hike, buyers are relatively unresponsive to the change in price, which makes the demand inelastic.
Discussing the substitution and income effects helps to further elaborate on the concept of price elasticity of demand. For instance, consider the case where a large harvest reduces the price of apples to $1 per pound. This lower price of apples increases the marginal utility of each $1 spent on apples, leading to an increase in demand. The substitution effect suggests that consumers will substitute more expensive goods for cheaper apples, while the income effect implies that consumers feel 'richer' because of the lower price and therefore buy more. Both effects contribute to defining the elasticity of demand.
Interoperability means?
What are the 4 steps of the closing process for a merchandising company?
If inventory is in stock, what does that mean?
If inventory is in stock, it means that an item is available for purchase.
What is inventory?Inventory or stock refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilization. Inventory includes all the items, goods, merchandise, and materials held by a business for selling in the market for earning a profit.
A company's inventory represents one of the most valuable assets it has because the turnover of inventory represents one of the primary sources of revenue generation and subsequent earnings for the company's shareholders.
Inventory in stock means what is available to serve customers and put products in their hands.
Therefore, the quantity available for purchase is denoted by inventory in stock.
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A menu item has a food cost of $5.00 and the selling price is based on a 40% cost. the selling price of the menu item is
the calculated selling price is $8.33.
The correct option is (a).
To calculate the selling price based on a 40% cost, we need to determine what the selling price should be to cover the cost and achieve a 40% margin.
1. Calculate the markup percentage:
Markup Percentage = 100% + Desired Margin
= 100% + 40%
= 140%
2. Determine the selling price using the markup percentage:
Selling Price = Cost / (1 - Markup Percentage)
= $5.00 / (1 - 0.40)
= $5.00 / 0.60
= $8.33 (rounded to two decimal places)
So, the calculated selling price is $8.33.
correct option is a.
complete question given below:
A menu item has a food cost of $5.00 and the selling price is based on a 40% cost. The selling price of the menu item is:
a.$8.33
b.$12.50
c.$7.00
d.$20.00
12 POINTS!!!!!!
Jamie had a bad credit rating and went to a local cash center. He took out a $100 loan payable in two weeks at $113.50. What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the nearest whole percent.)
If a worker is free to quit a job and find a new job at another place of employment, what US economic goal has been met?
A. Economic justice B. Economic security C. Economic stability D. Economic freedom
If a worker is free to quit a job, it means that he/she has the freedom to choose where to work. The goal of economic freedom has been met. Thus, the correct answer is option D.
What is economic freedom?Economic freedom is every human's fundamental right to control his or her own labor and property.
Economic freedom, also known as economic liberty, refers to a society's citizens' ability to engage in economic activities. One approach to economic freedom is based on the liberal tradition, which emphasises free markets, free trade, and private property under the umbrella of free enterprise. Another approach to economic freedom broadens the welfare economics study of individual choice, with greater economic freedom resulting from a larger set of available options.
Therefore, if a worker is free to quit a job and find a new job at another place of employment he is meeting the US economic goal of economic freedom.
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- the importance of adapting your résumé to your target readers' needs and interests cannot be overstated. adapting to your readers can mean ________
Which can be considered disadvantages of sole proprietorships and partnerships? Partnerships require many people to write a charter, while sole proprietorships require one person to write a charter. Sole proprietorships require one person to know complicated tax laws, while partnerships require many people to know the rules. Partnerships require one person to do many things, while sole proprietorships require many people to weigh in on decisions. Sole proprietorships require one person to do many things, while partnerships require many people to weigh in on decisions.
Sole proprietorship requires one person to do many things, while partnerships requires many people to weigh in on decisions.
Both partnerships and sole proprietorship are forms of business units, and both have disadvantages and advantages;
Some of the disadvantages of partnerships is that; the liability of the partners for the debts of the business is unlimited and also each partner is liable for the partnership's debts; that is each partner is liable for their share of the partnership debts as well as being liable for all the debts.
A sole trader on the other hand; has disadvantages such as having unlimited liability for debts, capacity to raise capital is limited, among others.
_______ keep valves in place in the cylinder head and keep them tightly closed when required. A. Valve seats B. Valve springs C. Valve ports D. Valve covers
"Valve springs" keep valves in place in the cylinder head and keep them tightly closed when required.
Valve springs assume an essential job in controlling the taking in internal combustion engines. The valves are mechanically opened by a camshaft, by means of valve lifters or tappets, and shut by the valve springs.
Eibach Valve Springs (EVS), are generally exposed to higher burdens than standard springs. Thus, EVS are made from unique, high-rigidity composites of high virtue as indicated by our very own particulars and in our own exclusive production process.
_____ refers to a system of task and authority relationships that controls how employees use resources to achieve a company's goals.
Answer:
D.Oorganizational Structure.
Explanation:
_____ refers to a system of task and authority relationships that controls how employees use resources to achieve a company's goals.
A.Corporate variance
B.Work sharing
CManagement scalability
D.Organizational structure
E.Job rotation
D.Organizational structure
Oganization structure is the system that states and teaches the members of an organization or an institution how certain tasks and actions are taken an performed in order to accomplish the main goals of the company, this system also provides for a channel of communication within the company and states how communication and messages are shared within the institution.
by 2020, it is expected that more than half of all jobs in the united states will be held by women?
Select all that apply. When writing your resume, you must include your _____.
Answer: Skills, Contact Info., Work Experience, and Education or Training
Explanation:)
Select all that apply. Which traits do all employers desire in employees? honesty only occasional tardiness loyalty cooperation responsibility willingness to delegate ability to get along with others
You currently are spending $80/year renting a pressure washer to clean your house. the cost of a new pressure washer is $800. if you bought the pressure washer, how many years would it take to obtain full payback on your original investment relative to renting (use a simple payback calculation).
10 years would it take to obtain full payback on your original investment relative to renting. According to the sentence in the parenthesis, you need an equation, which is true would go like this: "Price of new washer the cost for renting Equals the time it would take to equal the same price new."
What is a pressure washer?A high-pressure stream of extremely hot water from a power washer removes dirt and debris from outdoor surfaces. Due to the water's high pressure and warmth, it is more efficient at removing all the actual stuck-on objects from surfaces.
With a pressure washer, you can quickly clean substantial portions of numerous hard outdoor surfaces. An automobile, a wooden deck, siding, or concrete surfaces like a patio, walkway, or driveway can all be cleaned with a pressure washer.
They are wonderful when the typical "brush and soapy water" approach would take forever.
Thus, it is 10 years.
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Sal has been in the landscaping business for over 40 years. when jaime, his business partner, suggested adding snow removal as an extra service, sal responded with "my gut feeling is to say yes because of my experience in the past and what i have seen other companies do over the years, both successfully and not." sal is acting on _____ in his response to jaime.
Intuition is the answer.
Because Sal is in the landscaping industry for more than 40 years, he has enough of the experience to have an intuition about the decision in his business. There is no need to think hard for the decision, if you have a gut feeling about the things that need a decision.
So on the basis of his experience in this business, Sal has a gut feeling of going with the suggestion of his partner to add the snow removal activity in their business. As he is relying on his intuition, so there is no need to think over and over again about it. Just go with the inner feeling.
enry lives in Mississippi, which has a sales tax of 7%. He just bought a bed whose full price was $1600, but he got 30% off, because the store was having a sale. What was the total amount that Henry paid?
According to porter's five forces model, an oil producer will have increased ________ if the supply of oil drops sharply.
Lindon company is the exclusive distributor for an automotive product that sells for $40 per unit and has a cm ratio of 30%. the company's fixed expenses are $180,000 per year. the company plans to sell 16,000 units this year. required: 1. what are the variable expenses per unit? 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $60,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $4 per unit. what is the company's new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $60,000?
Variable cost per unit is $12. The break-even point is 15000 units and $600,000. The required sales is $80,000. The new break-even is 22,500 units and $900,000.
Given,
product that sells for $40 per unit and has a cm ratio of 30%. the company's fixed expenses are $180,000 per year. the company plans to sell 16,000 units this year.
Required to calculate:
1. What are the variable expenses per unit?
2. What is the break-even point in unit sales and in dollar sales?
3. What amount of unit sales and dollar sales is required to attain a target profit of $60,000 per year?
4. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $4 per unit.
what is the company's new break-even point in unit sales and in dollar sales? what dollar sales are required to attain a target profit of $60,000?
1.
Variable expenses per unit:
The contribution margin (CM) ratio is 30%, which means that 30% of the selling price covers variable expenses.
Variable expenses per unit = CM ratio * Selling price per unit
Variable expenses per unit = 0.30 * $40 = $12
2.
Break-even point:
Break-even point (in units) = Fixed expenses / Contribution margin per unit
Break-even point (in units) = $180,000 / $12 = 15,000 units
Break-even point (in dollars) = Break-even point (in units) * Selling price per unit
Break-even point (in dollars) = 15,000 * $40 = $600,000
3.
Target profit of $60,000:
Required unit sales for target profit = (Fixed expenses + Target profit) / Contribution margin per unit
Required unit sales for target profit = ($180,000 + $60,000) / $12 = 20,000 units
Required dollar sales for target profit = Required unit sales for target profit * Selling price per unit
Required dollar sales for target profit = 20,000 * $40 = $800,000
4.
New break-even point with reduced variable expenses:
New variable expenses per unit = Variable expenses per unit - Reduction in expenses
New variable expenses per unit = $12 - $4 = $8
New break-even point (in units) = Fixed expenses / Contribution margin per unit (new)
New break-even point (in units) = $180,000 / $8 = 22,500 units
New break-even point (in dollars) = New break-even point (in units) * Selling price per unit
New break-even point (in dollars) = 22,500 * $40 = $900,000
New dollar sales for target profit = (Fixed expenses + Target profit) / Contribution margin ratio (new)
New dollar sales for target profit = ($180,000 + $60,000) / 0.30 = $800,000
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The variable costs per unit are $28, break-even point is 15,000 units ($600,000 sales), and to attain a $60,000 profit per year we need 20,000 units ($800,000 sales). Reducing variable costs per unit by $4 reduces the break-even point to 7,500 units ($300,000), and the target of $60,000 profit is reached at 10,000 units ($400,000).
Explanation:The first step is to calculate the variable expenses per unit. As the contribution margin (CM) ratio is basically the portion of each sale that contributes to covering fixed costs and then generating profits, it equals (Selling Price - Variable Cost) / Selling Price. Rearranging for Variable Cost gives us: Variable Cost = Selling Price - (CM ratio * Selling Price). Substituting the given values: Variable Cost = $40 - (0.30 * $40) = $28.
Next, we calculate the break-even point in both unit and dollar sales. The break-even point in units is the Fixed Costs / (Selling Price - Variable Cost), substituting gives: 180,000 / (40 - 28) = 15,000. To get break-even in dollars, multiply the break-even units * Selling Price, so, 15,000 * $40 = $600,000.
To calculate the unit and dollar sales to reach a target profit of $60,000, add the target profit to the fixed expenses and divide by the unit CM: (180,000 + 60,000) / (40 - 28) = 20,000 units. Dollar sales would then be 20,000 * $40 = $800,000.
Finally, if variable expenses are reduced by $4, the new variable cost per unit is $24, and the break-even point changes to 180,000 / (40 - 24) = 7,500 units or $300,000 in dollar sales. To compute the new sales to attain a target profit of $60,000, we use the formula: (180,000 + 60,000) / (40 - 24) = 10,000 units, which equals $400,000 in dollar sales.
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Drew is a salesperson who is almost always successful during the initial sales dialogue. prospects usually respond to all of the questions that drew asks, but he is rarely successful at closing the sale and getting a commitment from them. drew's failure is most likely due to:
a. not recognizing that the prospects are busy individuals.
b. not seeking a commitment at the right time.
c. not knowing the prospect's emotional buying motives.
d. not having an appropriate sales call objective.
e. his fear of rejection from the prospects.
The correct answer is letter C. It is because if Drew doesn’t know or intend to know about the prospects emotional buying motives, then it will be difficult for him to close the sales and to commit to them as this is ideal, in order for him to be able to connect and make the consumer drawn to what he or she is intended to buy.
Final answer:
Drew's difficulty in closing sales may stem from not c. fully understanding his prospects' emotional buying motives, as this can create an emotional disconnect detrimental to the sales process.
Explanation:
The question regarding why Drew, a salesperson, is rarely successful at closing the sale, even though he engages well with prospects during the initial sales dialogue, can be attributed to several possible factors. Option (c), which states Drew's failure may be due to not knowing the prospect's emotional buying motives, seems to align well with a core insight from the provided information.
The research led by Kate Cannon highlighted that not acknowledging customers' feelings can create an emotional disconnect that hinders sales. Furthermore, this disconnect can contribute to the sales representatives' own negative emotions, such as feelings of incompetence and dishonesty. This approach allows them to better understand the prospects' needs and tailor their presentations accordingly, which may also address the emotional barriers that are preventing successful closes.
Consumer surplus:
a. is the difference between the true value of a good and the amount a person is willing to pay for the good.
b. represents the maximum amount a person is willing to pay for a particular good.
c. is the difference between the current market price and the cost of production for the firm.
d. is the difference between the maximum amount a person is willing to pay for a good and its current market price.
Consumer surplus is the difference between the maximum amount the consumer is willing to pay for the price of the good and the price that was actually paid by the consumer or commonly known as the current market price. The price that the consumer is willing to pay is determined by the demand curve in the market.
B. represents the maximum amount a person is willing to pay for a particular good.
Suppose that today you buy a bond with an annual coupon of 6 percent for $1,080. the bond has 13 years to maturity. what rate of return do you expect to earn on your investment? assume a par value of $1,000. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.)