The net cost of the goods will be $9880 as the company pays it back within the discount period.
Procedure:
5/100×10400
1/20×10400
10400/20 = 520
10400-520 = 9880
What are credit terms?
Credit terms are the installment terms referenced on the invoice at the hour of purchasing products. It is an arrangement between the purchaser and dealer about the timings and installment to be made for the products purchased on credit. It is otherwise called payment terms, these include information like discount price, due date etc.
Discount Period :
A discount period is how much time a money discount is accessible for a client to make a diminished money installment while or after taking credit. In other words, this is the time span that a merchant will diminish the cost of an item on the off chance that the client will pay for it in real money.
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Someone from the European community, which requires 20 paid vacation days each year, may experience ________ when working in the United States, which does not guarantee workers any paid vacation
the correct answer to be filled in the blank is colliding cultures.
colliding cultures-
Culture collision performs a function withinside the global everyday in unique situations. Culture collision is when unique cultures collide. When someone from a unique country and tradition passes they need to adjust, regardless of the tradition of the area they moved to. For example, immigrants transferring from overseas nations to America need to alter their complete existence fashion to suit in with the tradition of the U.S. Organizations are made from people whose blended attitudes, values and ideals create an organizational culture that is particular to all others. When companies merge, cultures are thrown together, and that might bring about a collision as a way to finally damage the brand new company.
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Which of the following is a benefit of small group training? Decreases client adherence to an exercise program Increases the cost per participant Decreases client motivation Reduces the cost per participant
Reduces the cost per participant is a benefit of small group training.
But, further to no longer breaking the bank, small organization schooling has been shown to boom camaraderie, responsibility, and achievement for individuals within the institution. When individuals work out in a collection, they set up relationships and make pals, which enables them to boom adherence to this system.
Growing small or massive group training sessions for customers with comparable dreams builds community, connections, and effects. This keeps customers greater inspired than if they exercise on their own. The social aspect brings teamwork, responsibility, and camaraderie to training, which is beneficial to customers and also to you.
While you educate personnel individually, they simplest have their instructor to communicate with. By training employees in a group putting, they are able to talk with the instructor as well as their co-people. Personnel may also study extra by using listening to the questions asked via their co-people than they could train on their personal.
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Suppose that the hypothetical country of Andesland suffers a chronic scarcity of its staple grain, quinoa. True or False: Andesland is restrained by the resources it has to satisfy the various wants of its residents.
Suppose that the hypothetical country of Andesland suffers a chronic scarcity of its staple grain, quinoa.
Andesland is restrained by the resources it has to satisfy the various wants of its residents. The given statement is true.
One of the core principles of economics is scarcity. It indicates that there is a gap between the supply of an item or service and the demand for it. As a result, customers, who ultimately drive the economy, may have fewer options due to scarcity.
Given such shortages are unheard of in wealthy nations, Andesland must be a developing nation. When a country's resources are insufficient to meet all of its citizens' needs, the situation is referred to as scarcity. Even though it is less obvious in wealthy countries, scarcity still occurs.
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As of December 31, 2013, how many deferred tax liabilities (net of deferred tax assets) did Colgate have
As of the year 2013, the amount of deferred tax liability that Colgate was known to have was USD 83 million.
What is meant by deferred tax liability?On the balance sheet of an organization, the deferred tax sheet shows us the taxes that are owed by the owed that are not due for payment until a date in the future.
Colgate was said to have had a deferred liability that was 83 million dollars at that time.
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According to Guy Kawasaki, intelligent, deep, complete, empowering, and elegant are qualities of curve-jumping products Select one: True False
According to Guy Kawasaki, intelligent, deep, complete, empowering, and elegant are qualities of curve-jumping products .
What is intelligence?Intelligence can be regarded as the capacity that involves the abstraction, as well as understanding, and knowledge.
Therefore, According to Guy Kawasaki, intelligent, deep, complete, empowering, and elegant are qualities of curve-jumping products
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Marcia, Jan and Cindy own a 12-acre lot as joint tenants. They agree to partition the lot into three separate lots. Now each woman owns an individual interest in four acres. A. True B. False
The given statement is false.
People have an interest in self-protection, sporting delight, or hunting and so want to have guns and handguns. Society has an interest in decreasing accidents and deaths as a result of the usage of such gadgets as guns concerned with crimes or injuries.
In enterprise, self hobby specializes in actions or sports which are superb to a character or company. For a business or man or woman to live to tell the tale and develop, a degree of self-interest is necessary.
Person hobby is conceptualized as a notably strong affective-evaluative orientation in the direction of positive problem regions or items. An excessive degree of interest in a particular difficult vicinity entails close institutions among that subject vicinity and superb feeling- and cost-associated attributes (e.g., excitement).
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If it's your first time launching a video campaign, and you have existing brand images, text, and logos, which tool could help you make your first video ad using these assets?
The tool that could help you make your first video ad using these is Video Creation Tools in Ads.
You may easily make a video online free of charge using a web video maker tool like Visme. Begin with a template that has the structure you're seeking out, replace the content, emblem the layout, and adjust any elements you want to change.
Adobe Rush is an incredible social media video maker for influencers, creators, and small organizations. It's a complete video enhancing software that makes audio blending, movement snap shots, and video modifying a breeze.
Adobe explicit is the whole lot you need to create a video; we actually have instance films. Adobe express is net-based totally and completely free, so there may be no restriction to the variety of tasks you could create.
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According to the equal marginal principle, consumers maximize utility when they allocate their limited so that the utility per dollar spent on each of their final choices in a bundle is
According to the equal marginal principle, consumers maximize utility when they allocate their limited incomes so that the marginal utility per dollar spent on each of their final choices in a bundle is equal.
Utility in economics refers to the pleasure or advantage obtained from using a thing. A good or service's marginal utility quantifies how much pleasure or satisfaction consumers experience as a result of increasing or decreasing their usage by one unit. Three different kinds of marginal utility exist.
In economics, marginal utility is the extra pleasure or benefit (utility) a buyer receives by purchasing an extra unit of a good or service.
Disclaimer- The question was incomplete. Please find the full content below.
Question
According to the equal marginal principle, consumers maximize utility when they allocate their limited ___ so that the ____ utility per dollar spent on each of their final choices in a bundle is ___.
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On December 31, the Income Summary account of Madison Company has a debit balance of $18,000 after revenue of $20,000 and expenses of $38,000 were closed to the account. Madison Wells, Drawing has a debit balance of $2,100 and Madison Wells, Capital has a credit balance of $39,000. Required: Record the journal entries necessary to complete closing the accounts. What is the new balance of Madison Wells, Capital
New Balance is $18,900.
What is a Balance Sheet?A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets. The balance sheet is a financial statement that gives a quick overview of the assets and liabilities of a firm as well as the amount of shareholder investment. When doing basic analysis or calculating financial ratios, balance sheets can be utilized in conjunction with other crucial financial data. A company's balance sheet gives a quick snapshot of its financial situation at any one time. On its alone, it cannot provide an understanding of the tendencies manifesting over a longer time frame.New Balance = ($39,000-$18,000-$2,100) = $18,900
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Eli Lilly, a pharmaceutical company, is replacing the laptops of its entire sale force. The role of the company's technology support personnel, who are asked to provide input on the purchase, is that of a(n) ______.
Eli Lilly, a pharmaceutical company, is replacing the laptops of its entire sale force. The role of the company's technology support personnel, who are asked to provide input on the purchase, is that of an influencer.
An electronics-based technological firm, such as one engaged in digital electronics, software, or internet-related services like e-commerce, is referred to as a technology company.
Generally speaking, businesses in the technology sector are involved in the research, development, and production of products and services with a technological foundation. They design and produce computers, mobile devices, and home appliances in addition to producing software.
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Xtra Company purchased a business from Argus for $96,000 above the fair value of its net assets. Argus had developed the goodwill over 12 years. How much would Xtra amortize the goodwill for its first year
Xtra Company purchased a business from Argus for $96,000 above the fair value of its net assets. Argus had developed the goodwill over 12 years. Goodwill is not authorized.
An intangible asset known as goodwill is connected to the acquisition of one business by another. The percentage of the purchase price that is greater than the total net fair value of all the assets acquired in the acquisition than the sum of the liabilities absorbed throughout the process is known as goodwill.
Examples of goodwill include the value of a company's brand name, strong customer base, positive customer and employee interactions, and any patents or proprietary technology.
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Give me top 10 American snacks
Answer:
1 - Reese’s Peanut Butter Cups
Best snacks Reeses peanut butter cups
This snack is number one for a reason. It combines the best of both worlds with its milk chocolate outer layer and rich, and thick peanut buttery center. Did you know there have been 21 limited edition flavors of Reese’s, including Fudge, Hazelnut Cream and White chocolate?
2 - Milky Way
Best snacks milkyway
Milky Way is one of the best snacks you can have because it’s full of the delicious taste of caramel and chocolate. Take a look at the original packaging above: Boy, how times have changed!
Here are a few interesting facts about the candy bar company that you might not have known.
3 - Butterfinger
The Bart Simpson-endorsed treat is one classic you’re not soon to forget. It’s has a flakey texture that melts in your mouth.
4 - 100 Grand
Unarguably one of the best snacks of all time, Nestle’s 100 Grand is a complex bar layered everywhere with taste. From its crunchy outer coating of rice to its carmel middle.
“That’s rich!” couldn’t be a more perfect slogan.
If you want to know more about how the company got started, Collecting Candy compiled a list of news clippings and packaging throughout the brand’s history.
5 - Whatchamacallit
With its “can’t put my finger on it” taste, Whatchamacallit is probably one of the most creative named candy bars of all time. It’s delicious flavor combines caramel, peanut butter and chocolate, and, over the years, has even found itself as the main attraction of homemade treats, such as pies, cheesecakes, and unique takes on the candy bar itself.
6 - Twix
Twix is another great candy bar that’s gone through several changes throughout the years. From the original caramel cookie bar to Twix White, Twix Dark and Twix Peanut Butter, its unexpected twist of smooth and crunchy flavors are sure to please all year round.
Did you know the word “Twix” is a portmanteau (a fancy word meaning a combination of two or more words) of “Twin” and “Sticks”.
7 - 3 Musketeers
One of the best treats to get during the Halloween season, 3 Musketeers are known for their ooey goey core of whipped nougat that never seems to end.
8 - PayDay
First on the market in 1932, the peanut encrusted bar with the caramel center was a favorite of well known individuals, such as the late comedian Bob Hope.
9 - BabyRuth
Next is the candy bar that was named after President Grover Cleveland’s daughter (As not Babe Ruth as we’ve all thought for ages now).
The signature flavors here are caramel and milk chocolate.
10 - Take 5
best snacks take 5
Take 5 is a candy bar released by The Hershey Company as early as 2004. It’s known for its layers of pretzels, milk chocolate, peanut butter, milk chocolate, caramel & peanut.
Choose one real-world example of combining public choice and rent seeking to evaluate.
Public Choice theory focuses on people's political decision-making processes. Rent seeking is the attempt to obtain a legal privilege that will allow you to earn money.
What is an example of Public Choice Theory?Public choice theory is frequently used to explain how political decision-making results in outcomes that contradict public preferences.
Many advocacy groups and pork barrel projects, for example, are not in the best interests of democracy as a whole.
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When the price of hamburgers increased by 10%, the quantity of hot dogs sold increased by 5%. What is the cross-price elasticity of demand for hot dogs
When the price of hamburgers increases by 10% the demand for burgers decreases and the demand for hot dogs increased by 5%.
What is the cross-price elasticity of demand?When the price of one of the items varies, the cross elasticity of demand analyzes the link between the two. It illustrates how the relative shift in demand for one good changes as the cost of the other increases or decreases.The cross elasticity of demand, also known as the cross-price elasticity of demand, in economics quantifies the relationship between the percentage change in the quantity of a commodity sought and the percentage change in the price of another good, ceteris paribus. The quantity of an item is actually reliant on both the price of "related" products as well as the good's own price (price elasticity of demand).Solution -Given - When the price of hamburgers increased by 10%, the number of hot dogs sold increased by 5%.
Therefore, when the price of hamburgers increases by 10% the demand for burgers decreases and the demand for hot dogs increased by 5%.
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Columbia Corporation deposited $2,000 in an account that pays 12% interest annually. If the interest is compounded continuously, how much money will be in the account at the end of 20 years
The value of the money after 20 years is $45,103.29.
What is the value of the money after 20 years?The formula for calculating future value when there is continuous compounding is : A x e^r x N
Where:
A= amount e = 2.7182818 N = number of years r = interest rate#$2000 x (2.7182818 ^0.12) x 20 = $45,103.29
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When Carolina is in the grocery store buying milk for her children, she picks up a tube of toothpaste at the same time. The toothpaste, a relatively inexpensive item that merits little shopping effort, is called a(n) _______. a. shopping product b. industrial product c. convenience product d. unsought product
The toothpaste, a relatively inexpensive item that merits little shopping effort, is called a convenience product.
What is a shopping product?Shopping items are infrequently purchased consumer goods that require users to invest time, effort, planning, and resources at the time of purchase. Contrary to easily available convenience products, just a few stores or specific channels are used to distribute shopping merchandise.What is an industrial product?Industrial products are goods and services used in company operations. This can include standard office supplies for running a business, such as computers or printers, or materials to create goods that are ultimately intended for consumer usage.What is a convenience product?Consumers frequently and quickly purchase convenience goods without giving them much consideration or emotion. The most popular convenience product categories include gasoline, candy, magazines, newspapers, and magazines. These items typically have a base price that doesn't differ significantly from store to store.What is an unsought product?Unsought goods are products that consumers are unaware of or do not often consider purchasing, and whose acquisition is motivated by a combination of hazard or apprehension about harm and a lack of desire. Funeral services, encyclopedias, fire extinguishers, and reference books are typical examples of things that are well recognized but not widely desired.Therefore, toothpaste, a relatively inexpensive item that merits little shopping effort, is called a convenience product.
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During your 15-minute stand-up meeting, two of your team members start discussing a solution to one of the issues that they ran into the day before. As the Scrum Master or Agile project manager, what should you do
During your 15-minute stand-up meeting, two of your team members start discussing a solution to one of the issues that they ran into the day before. As the Scrum Master or Agile project manager, what I will do is I will make sure to help them resolve the issues after the meeting but not during.
In the broadest sense, project managers (PMs) are accountable for organizing, planning, and directing the completion of particular projects for an organization while making sure these projects are completed on time, within budget, and within scope.
What Tasks Fall Under the Purview of a Project Manager?Plan and advance the project concept. Every project first begins as an idea.Create and lead your ideal team, oversee project progress and deadlines, address unforeseen problems, handle financial matters, satisfy stakeholders, and assess project performance.Learn more about project manager here https://brainly.com/question/24480911
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If the fed injects reserves into the banking system and they are held as excess reserves, then the money supply.
If the fed injects reserves into the banking system and they are held as excess reserves, then the money supply would increase.
What is the impact of the Fed injecting reserves into the banking system?
When the Fed injects reserves into the banking system which are held as excess reserves, this is an example of an expansionary monetary policy. This step would increase the capacity of banks to make loans. This would increase the money supply.
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The activity that controls the planning, implementing, and controlling of the physical flow of materials and information from points of origin to points of consumption to meet customer requirements at a profit is:
The activity that controls the planning, implementing, and controlling of the physical flow of materials and information from points of origin to points of consumption to meet customer requirements at a profit is logistics management.
All economic activities have historically placed logistics at the center and core of their operations.
Within the last twenty years, the idea of logistics as an integrative economic activity has grown.
Logistics management is the process of strategically controlling the flow of supplies, components, and completed goods from the supplier through the company to the client.
Thus, logistics deals with controlling the actual delivery of goods.
It starts with the sources of supply and finishes with the consumption point.
Thus, it encompasses much more than just the movement of finished items, which is the conventional understanding of physical distribution.
In order to provide acceptable levels of customer service at a fair price, logistics deals with all activities that assist product flow from the point of raw material acquisition to the point of final consumption as well as the information flow that starts the production in motion.
Hence, the activity that controls the planning, implementing, and controlling of the physical flow of materials and information from points of origin to points of consumption to meet customer requirements at a profit is logistics management.
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Which type of contract is missing from this list of contracts covered by the Florida statute of frauds: sales contracts, option contracts, listing agreements for a term exceeding a year, deeds and mortgage instruments, and _____
The type of contract that is missing from the this list of contracts covered by the Florida statute of frauds: sales contracts, option contracts, listing agreements for a term exceeding a year, deeds and mortgage instruments, and easements.
What is the Florida statute of Fraud?
This is the law that has it that all agreements has to be done in writing so as to be made enforceable.
The goal is to try to prevent issues where people may want to defraud others .
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Universal life is a whole life policy that combines _____- life insurance and ____ elements.
Universal life is a whole life policy that combines __term___- life insurance and __investment__ elements.
Universal Life Insurance: What Is It?Permanent life insurance includes universal life insurance. If the insured person has a universal life insurance policy, they are protected for the rest of their lives as long as they continue to pay their payments and adhere to all other policy conditions. Universal life insurance combines lifelong protection with a savings element, known as "cash value," like many permanent life policies. The death benefit of the policy is distributed to your beneficiaries after your passing.
What advantages does universal life insurance offer?In addition to providing everlasting protection, universal life insurance has the following extra features:
The cash value of the policy may be withdrawn or used as collateral for a loan.You receive interest on your cash value.Premiums are flexible for you.A death benefit is a movable object.Learn more about insurance with the help of the given link:
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After Josh bought his first pair of Nike basketball shoes he was pleased that he did. He likes how the shoes provide support and the way they fit. Even though there are many brands to choose from, Josh is convinced that no other shoes compare to Nike. In terms of brand equity, this exemplifies the fact that Blank______.
The given scenario shows a very good example that brand equity increases a firm's ability to gain a competitive advantage
This refers to the condition that puts a particular company in a favorable position over its competitors.
Hence, we can see that based on the competitive advantage that Nike as a company has, Josh believes that they are better than others and this shows that brand equity increases a firm's ability to gain a competitive advantage.
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Jacqueline is attempting to determine the value of her preferred stock. She needs to form a fraction with the annual preferred stock dividend on the top and ________ on the bottom. Question 8 options: historical rate of return closing price market price book value required rate of return
She needs to form a fraction with the annual preferred stock dividend on the top and (D) the required rate of return on the bottom.
What is the market price?The market price is the current cost of purchasing or selling a good or service.What is book value?Book value is the worth of an asset based on its balance sheet account balance in accounting. The value of an asset is determined by subtracting the asset's original cost from any depreciation, amortization, or impairment expenses.What is the required rate of return?The necessary rate of return (RRR) is the amount of profit (return) that an investor must seek or receive in exchange for taking the risk of investing in a stock or another type of instrument. RRR is also used to determine how profitable a project is in relation to the cost of funding it.As Jacqueline needs to form a fraction with the annual preferred stock dividend.
Therefore, She needs to form a fraction with the annual preferred stock dividend on the top and (D) the required rate of return on the bottom.
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Correct question:
Jacqueline is attempting to determine the value of her preferred stock. She needs to form a fraction with the annual preferred stock dividend on the top and ________ on the bottom.
A) market price
B) book value
C) closing price
D) required rate of return
E) historical rate of return
If a tax is imposed on a good where both supply and demand are somewhat elastic, but supply is more elastic than demand, the burden of the tax will be borne Select one: a. by producers alone. b. mostly by producers but partially by consumers. c. mostly by consumers but partially by producers. d. by consumers alone.
If a tax is imposed on a good where both supply and demand are somewhat elastic, but supply is more elastic than demand, the burden of the tax will be borne (C) mostly by consumers but partially by producers.
What is an Elasticity?This refers to the responsiveness of percentage change in quantity to the percentage change in price.
What is Tax Burden ?The burden of a tax is generally shared by the producers and consumers in a market. In other words, the price that the consumer pays as a result of the tax (inclusive of the tax) is higher than what would exist in the market without the tax, but not by the entire amount of the tax.
If supply is perfectly elastic or demand is perfectly inelastic, consumers will bear the entire burden of a tax. Conversely, if demand is perfectly elastic or supply is perfectly inelastic, producers will bear the entire burden of a tax.
What is More Elastic Supply and Less Elastic Demand?When supply is more elastic than demand, consumers will bear more of the burden of a tax than producers will. For example, if supply is twice as elastic as demand, producers will bear one-third of the tax burden and consumers will bear two-thirds of the tax burden.
Therefore, we can conclude that the correct option is C.
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Marketing intermediaries add value and create efficiencies by:
Marketing intermediaries add value and create efficiencies by:
a. providing convenience.
c. reducing the number of exchanges between producers & buyers
d. performing necessary activities such as storage and transportation
What are marketing intermediaries?Marketing intermediaries can be defined as organizations that are saddled with the responsibility of transporting goods and services from producers (manufacturers) to businesses, and from businesses to consumers (B2C).
This ultimately implies that, marketing intermediaries are able to add value and create efficiencies by providing convenience and performing activities such as transportation and storage.
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Complete Question:
Marketing intermediaries add value and create efficiencies by:
a. providing convenience
b. eliminating activities such as transportation & storage
c. reducing the number of exchanges between producers & buyers
d. Performing necessary activities such as storage and transportation
Marketing intermediaries add value and create efficiencies by performing necessary activities such as storage and transportation and reducing exchange between the buyers and the sellers.
What are marketing intermediaries?Marketing intermediaries can be defined as organizations responsible for transporting the goods and services of a business from manufacturer to the consumer.
This shows that marketing intermediaries add value and create efficiencies by providing convenience and performing activities such as transportation and storage.
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In a(n) ________ competitive output market, employment will be higher than in a ________ competitive output market.
In a(n) perfectly competitive competitive output market, employment will be higher than in a imperfectly competitive competitive output market. Perfectly competitive; imperfectly competitive (Market power causes firms that aren't perfectly competitive to create less output than they would if they were. As a result, they will employ fewer people and have a lesser demand for labor than perfectly competitive enterprises.)
What is Perfectly competitive market?
A hypothetical market system is referred to as perfect competition. There are no monopolies under a scenario of perfect competition.
Characteristics are:
All firms sell an identical product (the product is a commodity or homogeneous).All firms are price takers (they cannot influence the market price of their products).Market share has no influence on prices.What is an imperfectly competitive market?
Any economic market that does not adhere to the strict presumptions of a hypothetical perfectly competitive market is said to have imperfect competition. Imperfect competition is common and can be found in the following types of market structures: monopolies, oligopolies, monopolistic competition and monopsonies.
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Margot and Steve owned several rental properties at the time of their divorce. The divorce decree gave ownership to Margot in return for a cash payment by Steve. Fast forward six years, and Margot is ready to sell the properties. She soon discovers, though, that Steve's name is still on the title. What's her best course of action
The best course of action is to ask Steve to generate quit-claim deeds on the properties. Even though the divorce decree grants ownership to Margot, she can't convey the properties until Steve either produces quit claim deeds OR agrees to convey the properties with her.
What is Real Estate?Real Estate is referred to as the land as well as any permanent, whether natural or man-made, structures or improvements related to the property, such as houses.Real estate is something permanently affixed to or constructed on land, whether it be created naturally or artificially.Real estate can be divided into five primary categories: residential, commercial, industrial, raw land, and special use.There are differences between land, real estate, and real property, while they are frequently used interchangeably. Land includes the trees, minerals, and water that are present on the earth's surface up to its center and above it in the upper atmosphere. The immobility, invulnerability, and distinctiveness of land, where each parcel of land differs regionally, are some of its physical properties.Learn more about Real Estate with the help of the given link:
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Under the MM propositions with no taxes, managers cannot change the value of the firm by repackaging its securities because Blank______. Multiple select question. capital structures are fixed as debt is added, the equity becomes more risky the overall cost of capital cannot be reduced debt is not cheaper than equity
Under the MM propositions with no taxes, managers cannot change the value of the firm by repackaging its securities because as debt is added, the equity becomes more risky the overall cost of capital cannot be reduced.
What are the main propositions of MM approach?
Miller and Modigliani theory mentions two propositions. Proposition I states that the market value of any firm is independent of the amount of debt or equity in capital structure. Proposition II states that the cost of equity is directly related and incremental to the percentage of debt in capital structure.
The Modigliani-Miller Proposition I without taxes states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions.
MM Proposition I without taxes is used to illustrate:
The value of an unlevered firm equals that of a levered firm That one capital structure is as good as another Leverage does not affect the value of the firm Capital structure changes have no effect on stockholder's welfare.Value of a firm levered(VL)=Value unlevered(VU) = [tex]\frac{EBIT}{r_{WACC} }[/tex]
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In modern economies, credit cards are a _________________ because of their wide acceptance as a method of payment for both goods and services. unit of exchange store of value unit of account medium of exchange
In modern economies, credit cards are a unit of account because of their wide acceptance as a method of payment for both goods and services.
Money includes currency and demand deposits but not checks, credit cards, or debit cards. This is because cash and bank deposits are assets of their owner, as opposed to checks or credit/debit cards, which are not. even though it is not a means of exchange, transactions.
A credit card is a payment card that is given to customers so they can pay a merchant for products and services based on the debt they have accumulated.
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Saddler Inc. makes high quality leather seats for racing bicycles and sells them to many of the top bicycle manufacturers. There are eight available sources of the type of leather that Saddler uses, and all of them are located in the Republic of Anaerobia. Saddler has always dealt with only one company in the Republic of Anaerobia primarily due to its reasonable cost. Zappit Inc. has a contract with Saddler for 10,000 seats. Zappit has just received a letter from Saddler explaining that due to political turmoil in Anaerobia its supplier cannot export the product. Therefore, Saddler cannot complete the contract. Which of the following is most likely to be true in this scenario? Group of answer choices Saddler can be excused for nonperformance based on substantial performance. Zappit can sue for material breach, and Saddler cannot be excused for nonperformance. Saddler can be excused for nonperformance based on impossibility of performance. Zappit can rightfully file a lawsuit, and Saddler will be liable to pay Zappit damages for nonperformance. Zappit can sue for specific performance if the seats are typical of all bicycle seats and not special or unique in any way.
Saddler can be excused for nonperformance based on impossibility of performance.
What kinds of performance are impossible?There are two kinds of performance impossibilities:
When one party is unable to perform a duty but another party is able to do so in their place, this is referred to as a subjective impossibility.When it is impossible for anyone to carry out the obligations of the contract, this is known as an objective impossibility.Which of the following best illustrates an objectively impossible performance?Property that has been stolen or damaged, such as a contract for home remodeling that will be rendered useless if the house is demolished. the environment. natural catastrophe The government enacts legislation outlawing the performance.
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