a discharge of a contrac tthat occurs when the parties agree to accewpt performance that is different frojm the parformance oriognally promised is called a
Answers
The discharge of a contract that occurs when the parties agree to accept performance that is different from the performance originally promised is called an accord and satisfaction.
Accord and satisfaction is a legal concept that allows parties to resolve disputes over contractual obligations without the need for litigation. It involves the agreement of the parties to accept a different form of performance in order to discharge the original contract.
The accord is the agreement between the parties to accept a new performance, while the satisfaction is the performance of the new obligation. Once the new performance has been fulfilled, the original contract is considered discharged, and neither party has any further obligation under the original terms.
Accord and satisfaction can be used in various situations, including cases where there has been a breach of contract or a dispute over the terms of a contract. It provides an opportunity for the parties to come to a mutually beneficial agreement and avoid the costs and risks associated with litigation.
It is important to note that accord and satisfaction must be reached through genuine agreement between the parties. If one party is coerced into accepting the new performance, the agreement may be voidable. Additionally, the new performance must be something of value to the other party in order for the accord and satisfaction to be valid.
In conclusion, accord and satisfaction is a legal mechanism that allows parties to discharge a contract by agreeing to accept a different form of performance. It can be a useful tool in resolving contractual disputes and avoiding litigation, but it must be reached through genuine agreement and the new performance must be of value to the other party.
Hello! A discharge of a contract that occurs when the parties agree to accept performance that is different from the performance originally promised is called an "Accord and Satisfaction." This legal concept allows for the parties involved in a contract to modify the terms of their agreement and reach a new understanding, ultimately discharging the original contractual obligations.
good business relations.
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Related Questions
Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D
Answers
Answer: B. a variety of companies
Explanation:
Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.
On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.
It is a good idea to get and use an many credit cards as possible to build credit history. True False
Answers
Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest
rate is 5.25% for 30 years. Use the loan payment calculator to answer the following
questions. (do not use commas or dollar signs in your answer)
What is his monthly payment?
Answers
Answer: $861.44
Explanation:
Given the following :
Purchase price = $195,000
down payment = 20%
Interest rate = 5.25%
Period = 30 years
Down payment = 0.2 × $195,000 = $39,000
Therefore, loan amount will be :
$(195,000 - 39,000) = $156,000
The payment per period (monthly payment) can be calculated using the annuity calculator.
Present value = $156,000
Number of periods = 30yrs = 30× 12 = 360 months
Interest = 5.25% / 12= 0.4375% = 0.004375
Future value = 0 (Amount when entire loan has been paid)
Therefore, the payment per period is $861.44 using the financial calculator.
4. To promote diversity, companies actively seek and promote individuals in all of the following areas
except
1. educational levels.
2.ages
3. Races
4. National origins
Answers
Answer:
1.
Explanation:
Educational levels cannot be diversified depending on the position, many require a minimum level of education to properly conduct job functions.
Once a new product is launched, it will undergo various stages—from introduction to decline. These stages are collectively known as.
Answers
These stages of product are collectively known as Product-life cycle.
The five phases of a typical product are introduction, growth, maturity, saturation, and decline. The term "product life cycle" refers to all of these phases in a product's lifespan.Product life-cycle management is the business management's progression of strategies across a product's life-cycle. As a product progresses through its many stages, the conditions under which it is marketed must be regulated as they vary over time.The life cycle of a product is crucial since it informs management on the performance of the product and potential strategic directions. A firm may alter how it spends money, what items to promote, how to devote staff time, and what innovations they want to investigate next by knowing what stage its product(s) are in.So, this is what "product life cycle" means.
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in the consumer decision-making process, searches for information fall into which two main categories?
Answers
Customers look for information both inside and outside the company. The customer does an internal search by recalling potential options.
It is crucial for marketing initiatives to achieve "top of mind" awareness for specific minimal involvement items. For instance, only a small percentage of individuals will look in the Yellow Pages for fast food establishments; as a result, a restaurant's ability to be remembered by a customer is a prerequisite for consideration. Customers are more inclined to conduct an external search for high involvement products. For instance, before purchasing a car, the consumer might study multiple websites, read Consumer Reports evaluations, talk to friends, and visit various showrooms. Thus, businesses that produce goods that are mostly chosen through external search must spend in providing information to the
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PLEASE HELP!!!
Money going out of a business is called _BLANK_.
A. income
B. expenses
Answers
Answer:
Expenses
Explanation:
Saima is the daughter of a farmer, who lives in a village, near Tandu Allah Yar and struggles for well-being of herself and her family. She wakes up early at 6am, takes a good breakfast, attends college for which she has to walk for 1 hour, and gets back by 1pm. Afterward, she enjoys good food from his father's farm, supports her mother in the business of bookbinding, and gives tuition to students and then after taking healthy dinner, she gives time to her own studies and then sleeps early to make sure a healthy sleep. Despite so much struggle, she is so grateful to his God for whatever she has. She has been doing that regularly for the past two years and she envisions becoming an electrical engineer to support his entire village with better and cheaper electricity sources. How do you think the story relates to the principles and habits of Self-Discipline?
Answers
This story relates to the principles and habit of self discipline in multiple ways.
1. She wakes up at 6 AM and walks and hour to school and back, demonstrating that she has the self discipline to do these things to get a good education.
2. She supports her mother in bookbinding, and gives tuition to students, showing kindness and empathy, which is important to self discipline.
3. Despite hardships she has been grateful for whatever she has.
4. She envisions becoming an electrical engineer to support he entire village.
These examples and more show how this young woman displays self discipline.
I hope this helped.
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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Monte Ray leases office space for $7,000 per month. On January 3, Monte Ray incurs $75,000 to improve his leased office space. These improvements are expected to yield benefits for 8 years. Ray has 6 years remaining on his lease. What jour
Answers
The expense in the first year relating to the improvements is $12,500
What is leasehold improvement?
Leasehold improvement is a capital expenditure incurred to improve the condition of an asset that has been leased from a third party.
In this case, a leasehold improvement costing $75,000 was incurred and lease period is only 6 years remaining whereas the improvement would provide benefits for 8 years, in essence, the improvement cost should be depreciated using the lower of remaining lease period and years of benefits.
As a result, annual depreciation would be computed using the straight line depreciation method where useful life is 6 years
first year depreciation=improvement cost/useful life
first year depreciation=$75,000/6
first year depreciation=$12,500
Note that the requirement is to determine the first year expense that only relates to improvements , in other words, the lease expense should be ignored
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Complete question with options:
Monte Ray leases office space for $7,000 per month. On January 3, Monte Ray incurs $75,000 to improve his leased office space. These improvements are expected to yield benefits for 8 years. Ray has 6 years remaining on his lease. Compute the amount of expense that should be recorded the first year related to the improvements.
A. $19,500.
B. $7,000.
C. $12,500.
D. $9,375.
E. $16,375.
1. While you are doing your requirement elicitation, a user identifies a system application that you are not familiar with. How do you find out more about the application to determine if it has features that may help with a solution?
2. While documenting an as-is process flow you notice that there is a task assigned to a user however there is no follow-up task/check to ensure it get completed. The task is a prerequisite for a future action. What information do you need to gather from the users in order to prepare your to-be process flow?
Answers
1.To find out more about the unfamiliar system application, there are several steps you can take:
a. Ask the user for more details: Request specific information about the application, such as its name, purpose, and functionality. The user might be able to provide a high-level overview or point you to relevant documentation.
b. Conduct online research: Search for the application's name or related keywords on search engines, software directories, or developer forums. Look for official websites, user manuals, or any available documentation that can provide insights into its features and capabilities.
c. Consult with colleagues or experts: Reach out to colleagues who might have experience or knowledge about the application. They may be able to provide information or direct you to someone who can help. Additionally, consider seeking assistance from subject matter experts or online communities specializing in the specific domain or technology related to the application.
2.When preparing the to-be process flow to address the missing follow-up task/check, gather the following information from users:
a. Task purpose and requirements: Understand the purpose of the task and its specific requirements. Determine why it is a prerequisite for a future action and what outcomes or conditions need to be met for it to be considered completed.
b. Task dependencies: Identify any dependencies that the task has on other tasks, resources, or information. Determine if there are any specific inputs, approvals, or conditions necessary for the task to be executed successfully.
c. Stakeholder involvement: Identify the stakeholders involved in the task and the subsequent action. Determine their roles and responsibilities, as well as any dependencies or interactions between them.
d. Desired outcome: Determine the desired outcome or result of the task. Understand what should happen once the task is completed and how it relates to the subsequent action.
e. Existing challenges or issues: Discuss any challenges or issues that have been encountered due to the missing follow-up task/check. Understand the impact on the overall process and gather insights into potential improvements or solutions.
By gathering this information, you can analyze the existing process flow and propose a revised to-be process flow that includes the necessary follow-up task/check to ensure completion and address the prerequisite for the future action.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
11. What are assets?
Answers
I hope this helps
Answer:
I believe it's the last option.
Explanation:
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations.
The overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction is referred to as ________.
Answers
Answer:
customer relationship management
killian decides that he needs a few days away from it all to think out his ideas. he takes up an offer from a friend to spend a few days in his mountain cabin. during this time, killian imagines what his business will look like in 3 years. he pictures his customers using his product and coming into his facility. killian is engaging in a practice called .
Answers
He pictures his customers using his product and coming into his facility. Killian is engaging in a practice called Vivid Vision.
In the 18th century, an engagé turned into a French-Canadian guy employed to canoe inside the fur exchange as an indentured servant. He was predicted to address all transportation aspects of frontier river and lake tour: upkeep, loading, and unloading, propelling, steering, portaging, camp set-up, navigation, interaction with Indigenous human beings, and many others. The term was additionally implemented to the men who staffed the pirogues at the Lewis and Clark expedition. Their role may be contrasted with the loose, certified voyageurs, the independent merchant coureurs des bois, as well as seafaring sailors. Engagé had been individuals who had been delivered to New France with the aid of France to paintings there.
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pa 13. lo 6.5grainger company produces only one product and sells that product for $100 per unit. cost information for the product is: direct material $15 per unit direct labor $25 per unit variable overhead $5 per unit fixed overhead $34,000 selling expenses are $4 per unit and are all variable. administrative expenses of $20,000 are all fixed. grainger produced 5,000 units; sold 4,000; and had no beginning inventory. compute net income under absorption costing variable costing reconcile the difference between the income under absorption and variable costing.
Answers
The net income in the
absorption costing = $156,800The variable costing = $15000Reconciliation = $156800How to solve for the net income under the absorption costingWe have 4000 * 100 = 400000
direct materials = 15 x 4000 = 60000
direct labor = 25 x 4000 = 100000
Variable overhead = 5 x 4000 = 20000
fixed overhead = 34,000/5000*4000 = 27,200
Gross profit = 400000 - 60000 - 100000 - 20000 - 27200
= 192800
The selling expense = $4*4000 = 16,000
The administrative expenses = 20,000
net income = 192800 - 16000 - 20000 = 156,800
The absorption costing is $156,800
2. How to solve for the net income under the Variable costingSale = 4000 x 100 = 400000
variable cost = 15 + 25 + 5 + 4 * 4000 = 49 * 4000 = 196000
fixed cost = 34,000+20,000 = 54,000
The net income = 400000 - 196000 - 54000 = 150,000
Hence the net income under absorption is $156,800
The net income under variable costing is $150,000
3. Reconciliation
= 150000 + (34000 / 5000 * 1000)
= 150000 + 6800
= $156800
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A person with a diversified investment portfobo has
Answers
Instead of placing all of their money into one investment, a person with a diversified investment portfolio has spread their money across a variety of various asset classes and securities.
Importance of diversified investment portfolioA person with a diversified investment portfolio has invested their money across a range of different asset classes and securities, rather than putting all of their money into a single investment. The idea behind diversification is to reduce risk by spreading investments across different categories, so that a loss in one area is offset by gains in others.
For example, a diversified investment portfolio may include a mix of stocks, bonds, real estate, and commodities such as gold or oil. Within each category, the investor may also hold a range of different securities, such as stocks from different industries or bonds with varying levels of risk.
By diversifying their investments, an investor can potentially reduce their exposure to risks such as market volatility, economic downturns, or company-specific issues. This approach can help to protect their investment portfolio from significant losses and can potentially increase returns over the long term.
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A graph titled Funding for House Elections 2011 to 2012 shows parties on the horizontal axis and dollars (hundreds of millions) on the vertical axis. Approximately 610 of Republican funding was total raised, 200 was P A C funding, and 350 was individual funding. Approximately 490 of Democratic funding was total raised, 165 was P A C funding, and 290 was individual funding.
Look at this graph, showing funding for campaigns for election to the House of Representatives, 2011–2012.
What is the most logical conclusion that can be drawn from this graph?
Both parties are dependent on raising huge sums of money to fund their House campaigns.
PAC spending is not a significant factor when it comes to raising money for House campaigns.
The Democrats will always raise more money for House campaigns from individuals than the Republicans will.
Campaign funding laws have reduced the amount of money needed to fund House campaigns.
Answers
Answer: Both parties are dependent on raising huge sums of money to fund their House campaigns.
Explanation:
Campaigning for office is no cheap endeavour as many politicians have seen and noted. Money needs to be spent on everything from renting venues to buying stationary and so the politicians turn to donors to help.
Regardless of party affiliation, this is the reality for political campaigns which is why both parties rely on huge sums of money to fund campaigns like for the U.S. House of Reps. This is confirmed by the graph described above that shows the hundreds of millions of dollars being used to campaign for the House.
Answer:
A
Explanation:
which of these is a reason that online buying is so prominent in organizational markets?
Answers
Note that the option that is reason why online buying is so prominent in organizational markets is: "Technology can substantially reduce buyer order processing costs. (Option A)
What is the rationale for the above response?The use of online platforms for procurement and purchasing can streamline the ordering and fulfillment process, reducing the administrative costs and time associated with traditional purchasing methods.
This can be particularly advantageous for organizations that need to purchase large volumes of goods or services, or that need to make frequent purchases from multiple suppliers.
Note that, online platforms can offer features such as real-time inventory tracking, automated payment processing, and data analytics tools that can help organizations make more informed purchasing decisions.
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Full question:
Which of the following is a reason that online buying is so prominent in organizational markets?
Technology can substantially reduce buyer order processing costs.
Using online technologies ensures contact with other technologically-savvy organizations that are likely to have impressive financial statements.
This is legally required in most states.
This is required by most of the largest buyers and sellers in the United States.
Online transactions lead to more stable buyer-seller relationships.
c) 4 benefits which membership in a trade union can bring to employees are
Answers
Answer:
seguro de servicios medicos, la paga de horsa extras, la antiguedad, las pensiones,
Answer:
Unions are associated with higher productivity, lower employee turnover, improved workplace communication, and a better-trained workforce. There is a substantial amount of academic literature on the following benefits of unions and unionization to employers and the economy: Economic growth. Productivity.
Explanation:
Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answers
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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effective economic demand requires
Answers
Explain why a rise in the pound sterling exchange is likely to affect the rate of inflation in the uk
Answers
Answer:
A higher inflation rate in the UK compared to other countries will tend to reduce the value of the Pound Sterling because: High inflation in the UK means that UK goods increase in price quicker than European goods. ... This increase in the supply of pounds decreases the value of Pound Sterling.
Hidden Valley Communications, Inc., located in a remote area of Utah, made a special device that was used in 4th generation cell phones. After three years of local operations, the company that employed 4,000 people was planning to close its Utah operation and move the assembly offshore. Under the direction of a financial services company that financed the deal, the employees agreed to become owners of the company and continue to operate the business. The business concept that describes this arrangement is:
Answers
Answer: Leveraged buyout
Explanation:
leveraged buyout is a system of business concept that describes an acquisition of a company done by debts. Where a company acquires another through borrowing money to match the cost of the company being bought. Company assets are often used as loan for collateral in this case and they are often used to trade the profit of many private equity firms.
This is what the employees at Hidden Valley Communications, Inc. did.
if a manager requires greater return when risk increases, then he is said to be ________.
Answers
If a manager requires a greater return when risk increases, they are said to be risk-averse (C). risk-averse.
Risk-averse individuals prefer more predictable and stable investments, even if it means settling for lower returns. As risk increases, these individuals require a higher return on investment (ROI) to justify the additional risk they are taking on.
In contrast, risk-indifferent (A) managers are not concerned with the level of risk associated with an investment and do not demand higher returns for taking on additional risk. Risk-seeking (B) managers, on the other hand, actively pursue risky investments in hopes of achieving higher returns. Lastly, risk-aware (D) individuals have an understanding of the risks involved but do not necessarily fall into any of the previous categories.
In summary, a manager who requires a greater return when risk increases is risk-averse. They are cautious and prefer to minimize potential losses while still seeking to maximize potential gains, often choosing safer investments or demanding higher returns for riskier ventures. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
If a manager requires greater return when risk increases, then he is said to be ________.
A. risk-indifferent
B. risk-seeking
C. risk-averse
D. risk-aware
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A new electric bicycle hire company has launched in Paris, France, with the aim of loaning out 4000 electric bicycles throughout the city via a smartphone app. There are already more established companies in the market, so how can they attract a loyal customer base to their offer, as well as cater for one-off users such as tourists to the city.
2000 words assignment
Answers
Guidance and key points to consider when addressing this assignment.
Differentiate the Offering: The new electric bicycle hire company should focus on offering unique features or benefits that set them apart from the competition. This could include things like advanced technology, longer battery life, or specialized services tailored to specific user groups.
Pricing Strategy: Implement a competitive and flexible pricing strategy to attract both loyal customers and one-off users. Consider offering subscription plans for regular users with discounted rates, as well as affordable options for tourists or occasional users.
User Experience: Prioritize a seamless and user-friendly experience through the smartphone app. Invest in a well-designed interface, easy booking and payment processes, and efficient customer support. Provide incentives for user feedback and reviews to build trust and improve the overall experience.
Marketing and Promotion: Develop a targeted marketing campaign to raise awareness about the new company’s services. Utilize both online and offline channels to reach potential customers, including social media advertising, partnerships with local businesses, and traditional advertising methods.
Collaborations and Partnerships: Establish partnerships with hotels, tourism agencies, and other relevant stakeholders to promote the electric bicycle hire services to tourists and one-off users. Offer package deals or exclusive discounts to encourage collaborations and drive more business.
Sustainability and Green Image: Emphasize the environmental benefits of electric bicycles and position the company as a sustainable transportation option. Highlight the reduction in carbon emissions and promote the company’s commitment to eco-friendly practices.
Customer Loyalty Programs: Implement a loyalty program to reward regular users and encourage repeat business. Offer incentives such as discounts, free upgrades, or exclusive access to new features or events.
Continuous Improvement: Regularly gather feedback from customers to identify areas for improvement and address any issues promptly. Actively seek customer input on features, pricing, and overall satisfaction to adapt and enhance the service offering over time.
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What goes into the myPatientCare Outcomes scorecard?
Answers
The outcomes of a patient's care and treatments in a hospital or other clinical or care setting are referred to as patient outcomes. To emphasize what is significant to them, they concentrate on addressing the patient's physical, social, and emotional needs from their point of view.
The outcome statement ought to be patient-focused, precise, and quantifiable. executing the predetermined nursing interventions assisting the client in achieving desired aims; promoting wellness and preventing disease; restoring health; and assisting in coping with functionally altered states.
Outcome criteria are clear, quantifiable, and achievable declarations of goal accomplishment. They are written such that they address the issues of who, what activities, in what setting, how effectively, and when.
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Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Answers
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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before setting the objectives of l&d, managers should
Answers
Managers should set business goals before setting L&D goals.
A learning and development (L&D) strategy is a tool used by companies and organizations to train their staff according to business objectives. This strategy is characterized by:
Constantly train staff.Continuous improvement is implemented in all departments of the organization.To effectively implement a Learning and development plan, the company must perform the following steps:
1. Establish business objectives for each of the departments.
2. Formally implement the learning and development (L&D) strategy.
3. Integrate training that motivates and meets the needs of the staff.
According to the above, before establishing the objectives of the learning and development (L&D) strategy, the organization must establish business objectives.
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how much tax is deducted from a paycheck in indiana
Answers
Answer:
Indiana has a flat tax rate, meaning you're taxed at the same 3.23% rate regardless of your income level or filing status. All 92 counties in the Hoosier State also charge local taxes
Explanation: