If the rent of the building the firm occupies increases, the firm's profit maximizing will also increase. The market wage (marginal factor cost or MFC) increased and the profit-maximizing the firm will hire where MRP = MFC.
What is marginal factor cost?The marginal factor cost (MFC) of a production factor is the addition to total costs incurred for that factor that results from a one-unit increase in the amount of that factor utilized, according to microeconomic theory. It is measured in terms of money units per additional unit of a factor of production (input), such as labor, per hour. The marginal factor cost is the same as the wage rate in the case of the labor input, for instance, if the amount of labor hired has no impact on the wage rate paid. If a business wants to maximize its profits, it will hire each factor up to the point where its marginal factor cost and marginal revenue product (MFC=MRP) are equal.
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we have seen that over long periods, stock investments have tended to substantially outperform bond investments. however, it is not at all uncommon to observe investors with long horizons holding their investments entirely in bonds. are such investors irrational?
Some investors are extremely risk averse and prefer safer investments. That higher reward does not prevent them from taking on the additional risk.
Investment is the commitment of funds to the purchase of an asset with the goal of increasing its value over time. Investment necessitates the sacrifice of some current item, such as time, money, or effort. In finance, the goal of investing is to earn a return on the invested asset. The return may consist of a gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income.
Investors often expect bigger profits from riskier assets. When a low-risk investment is made, the return is often poor. Similarly, high risk entails a significant possibility of loss.
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tools of the blank mix are used to inform prospective buyers about the benefit of a product, persuade them to try it, or remind them later about the benefits they have enjoyed using it. multiple choice question. publicity promotional communication selling
Tools of the promotional mix are used to inform prospective buyers about the benefit of a product, persuade them to try it, or remind them later about the benefits they have enjoyed using it.
The definition of "promotion mix" is "the element in a company's marketing mix that assists in informing, persuading, and reminding the market about a product and/or the organization selling it, in hope of altering the recipient's attitudes, beliefs, or conduct." A promotional mix combines marketing tactics including direct marketing, sales, public relations, and advertising to achieve a certain marketing goal. Typically, the promotional mix makes up a relatively minor portion of the total marketing mix.
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an example of final goods in national income accounts would be: a) chemicals purchased by green grass lawn care services b) seedlings and saplings purchased for resale by wendy's garden center c) new lawn mowers purchased by cut-rite lawn equipment
An example of final goods in national income accounts would be:
Flowers and pots purchased by homeowner Joe Smith.
What do you mean by national income account?
National income accounting refers to the government system where every record which determines health of an economy, growth rate , economic activity, and development . It helps in determining the economy and the flow of money in an economy.
A final good is a product or a service which the final consumer uses or consumes. It does not need additional or further processing.
In the case of purchase of flowers and pots by Joe Smith the money, needs are contributing to the overall income as compared to other options mentioned.
Therefore, An example of final goods in national income accounts would be: Flowers and pots purchased by homeowner Joe Smith.
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alain is a sales representative for an established awnings manufacturer. business is good, but he is concerned that the company has spent little on new product development and has not created a new product in over five years. without new products, alain can market his current products only to his current customers or market the same products to similar customers. diversify. focus on concept testing. intensify his prototyping. expand his early adopter market segment.
Alain will market the same products to similar customers.
From the given information we know that the only choice that Alain has in the given case is to market the same product to similar customers. Alain doesn't have the power, knowledge, and capacity to diversify and prototyping. And also considering the fact that if there is no new product in the market there will be quite less chance that one can target a new market segment, and we know from the fact sales and marketing are the pillars of any business. Thus, we can conclude that the correct option is the last statement.
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what is one potential advantage of being a privately-held company? a.) a private company typically has an easier time attracting employee talent. b.) it puts the company in a better position to acquire other companies. c.) it is easier to raise large amounts of capital as a private company. d.) certain investors may find the ability to retain control over the company attractive.
Certain investors may find the ability to retain control over the company attractive is one potential advantage of being a privately-held company. A corporate structure that is distinct from its owners legally is a company.
Due to additional reporting requirements and higher-level legal obligations, the business structure is more complex and has greater setup and administrative investors costs. Due to the desire of its employees to create value, a business is referred to as a company. Latin is the origin of the word "produce," which means to lead forth or bring forth. Old French, which means compaignie or companionship, is where the word "company" first appeared.
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on june 1, the board of directors declares a cash dividend to be paid on june 30 to shareholders of record on june 15. on which date would the company record a credit to the dividends payable account?
The company will post a credit for any dividends due on that day.
What is a journal entry in accounting?The date, credit and debit amounts, a brief description of the transaction, and associated ledger are included in each journal along with other information about each individual transaction.
A simple accounting entry only debits and credits one account. As a best practice, we recommend using simple journal entries that are easy to understand.
June 1 journal entry explains dividend credit payable account. The following is the journal entry made for the declared on:
Date Accounts Debit
1 - June dividends xxx
payable dividends
declared dividends
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suppose a monopolist faces the following demand curve: what is the marginal revenue of the 3rd unit of output? price quantity $90 0 $80 1 $70 2 $60 3 $50 4 $40 5 $30 6 $20 7
The correct answer is option D) $60 is the marginal revenue of the 3rd unit of output
Revenue = (80)(1) = 80 when q = 1.
Revenue = (70)(2) = 140 when q = 2.
If marginal revenue is the increase caused by a quantity increase of 1, then the extra $60 in revenue is evident. (140 - 80)
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ow would you feel if your family had “telling of feelings” after dinner every night?
That evening, after dinner, Jonas's family his father, mother, and sister Lily, seven participated in a custom known as “telling of feelings.” Each participant talks with others about a certain emotion they had throughout the day.
Since then, the term "catharsis" has been used in the mental health community to refer to the process of expressing one's feelings, which is crucial for expressing one's needs, wants, and emotions.
Talking about your emotions confirms that what you're going through is genuine and important to you. You care about something if you are angry about it. You would be discrediting your experience and your ideals if you attempted to disregard that emotion.
Rather than denying your emotions, accept them. Avoid passing judgment on others or yourself.
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rather than providing energy to customers from traditional sources like natural gas or electricity, nathan's company is designing glass panels that will harvest energy from the sun. these panels can be built into the walls of homes and reduce energy costs. which environmental marketing strategy does this demonstrate?
Answer: sustainable innovation
Explanation:
what is technical feasibility? multiple choice a measure of the cost-effectiveness of a project a measure of how well a solution meets the identified system requirements to solve the problems and take advantage of opportunities a measure of the project time frame to ensure that it can be completed on time a measure of the practicality of a technical solution and the availability of technical resources and expertise
The process of determining how your product or service will be produced to see if it is feasible for your business is known as technical feasibility.
You must plan every aspect of your operations before launching your products, from sourcing production materials to tracking sales.
What is an illustration of technical viability?
The proposed system's hardware, software, and other technical requirements must also be evaluated for technical feasibility. Exaggerated illustration: An organization wouldn't want to attempt to install the transporters from Star Trek in their building because the project is currently technically impractical.
What is the project's technical viability?
The formal evaluation of a product's or service's technical feasibility is known as technical feasibility. It is essential to plan and prepare for each stage of the process before launching a new product or taking on a client project.
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the outputs of which process include change request status updates, project management plan updates, and project document updates?
Updates to the project management plan, change request status, and project documents are among the outputs of the monitoring and controlling process.
What results do you get when you monitor and manage a project's work?Among the products of the Monitor and Control Project Work are some of the following: Requests for changes (including CAPA and defect repairs, CAPA – Correct and Preventive Actions) alterations to the project management plan. Revisions to the project's documents
What does the process group for monitoring and controlling mean?The procedures needed to monitor, evaluate, and control the project's performance, as well as to spot any areas where plan adjustments are necessary and start the necessary changes, make up the Monitoring and Controlling Process Group.
The performance of the project is continuously monitored, reviewed, adjusted, and reported. It's crucial to monitor a project's progress, determine whether it will be completed on schedule, and carry out agreed revisions. By doing this, the project is kept on schedule, under budget, and without delay.
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during the progressive era, a. the gap between economic classes got smaller. b. agricultural production stagnated. c. the united states stopped receiving immigrants. d. the united states received a large number of immigrants from southern and eastern europe. e. corporations were considered the engine of progress.
during the progressive era agricultural production stagnated.
What is commercial farming?
Commercial farming, usually referred to as agribusiness, is an agricultural technique that entails producing livestock, cultivating crops, and making money by selling the products on the market.
High-demand crops are mostly produced by commercial agriculture. H. crops that must be sold to other nations or used as industrial raw materials. The extent of agricultural marketing also differs from region to region.
Enormous farms with the most up-to-date machinery, irrigation techniques, fertilizers, and technologies are used to raise large crops.
Important Distinctions Between Commercial and Subsistence Agriculture
The following presumptions can be used to develop the differences between commercial agriculture and agriculture for subsistence:
1. A farming technique called subsistence agriculture tries to raise as many crops as necessary to supply the farmer's family with all of their nutritional needs, with little to no surplus produced for sale. Commercial farming is a type of farming where plants and animals are raised with the goal of selling the goods on the market.
2. Subsistence agriculture is a labor-intensive practise due to the high work demands. Contrarily, commercial agriculture requires substantial capital investments, which is why it is a capitalistic method.
3. Only a limited portion practises subsistence farming. On the other side, commercial agriculture requires a vast space to operate.
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during the current year, gomez co. had beginning inventory of $1,600 and ending inventory of $1,200. the cost of goods sold was $4,000. what is the amount of inventory purchased during the year?
$3600 is the amount of inventory purchased during the current year, by gomez co.
What is Inventory purchase ?
Although buying inventory is a crucial element of running your business, how you go about it will determine how easily and profitably it operates. Setting the right inventory levels is a delicate balancing act that allows production to run smoothly and fulfill demand while avoiding excesses that can rot or languish on your shelves.
In some businesses, the items may be kept on the shelves and still be sold, despite the expense of storage. Others, like clothing or furniture, must be reduced since they soon become out of date. Contrarily, perishable goods must be sold while they are still fresh. Your ability to store raw materials or completed goods has a big impact on how you buy inventories.
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abey kuruvilla, of parkside plumbing, uses 1,200 of a certain spare part that costs $25 for each order, with an annual holding cost of $24. a) calculate the total cost for order sizes of 25, 40, 50, 60, and 100. b) identify the economic order quantity and consider the implications for making an error in calculating economic order quantity.
total inventory cost = $1500,total inventory cost = $1230,total inventory cost = $1200, total inventory cost = $1220, total inventory cost = $1500 and the economic order quantity = 50.
Economics is a social science that studies the production, distribution, and consumption of commodities and services as well as the resource allocation decisions made by people, corporations, governments, and nations. Economics is the study of how individuals manage scarce resources for production, distribution, and consumption, both individually and collectively. Microeconomics and macroeconomics are two disciplines of economics. The study of economics focuses on the efficiency of production and exchange.
The Gross Domestic Product (GDP) and the Consumer Price Index (CPI) are two extensively used economic statistics. Microeconomics is the study of how individual customers and businesses allocate resources. Economists can examine how a single person, a household, or a firm responds to pricing changes.
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what is the annual real estate tax bill if the assessed value of a property is $80,000, the tax rate is $5.25 per $100 of assessed value, and the equalization factor is 1.45?
Annual real estate tax bill if the assessed value of a property is $80,000, the property tax rate is $5.25 per $100 of assessed value, and the equalization factor is 1.45 is $6,090.
80,000 X 1.45 = 116,000 X 0.0525 = 6,090 $
A property tax is an ad valorem tax based on a property's value. The tax is imposed by the administrative body of the region where the property is situated. The entity in question may be the federal government, a federated state, a county, a region of land, or a municipality. A decent rule of thumb for California real estate looking to calculate their anticipated property tax bill is to multiply the price of their new home by 1.25%. This includes both the 1% base rate and any additional local taxes, which are typically around 0.25 percent. Consequently, you must pay real property tax on any real property that you possess as an individual or real estate business. You must still pay even if the real estate was given to you through an estate or if it is a rental property.
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To calculate the after-tax cost of debt, multiply the before-tax cost of debt by.
To calculate the after-tax cost of debt, multiply the before-tax cost of debt by 1 minus the tax rate.
Cost of debt refers to those effective interest rates that a firm pays on its debts, such as loans and bonds. The cost of debt can be described as the before-tax cost of debt, which is the firm's cost of debt before receiving taxes into account, or the after-tax cost of debt. The core difference between the cost of debt after and before taxes prevails in the fact that interest expenses are tax-deductible. Cost of debt calculations requires finding the average interest paid on all of the firm's debt.
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my son is saving his allowance and chore money to buy a new bicycle. which function of money is he utilizing? group of answer choices medium of exchange. unit of account. store of value. standard of deferred payment.
Medium of exchange of money is he utilizing.
Money is any item that is typically usual as a fee for goods and offerings and reimbursement of debts in a given socio-monetary context. the principle features of cash are distinguished as a medium of change; a unit of account; a store of cost; and, every so often, a preferred deferred fee.
The 4 unique types of money as classified by using economists are commercial money, fiduciary cash, fiat cash, and commodity money. cash whose fee comes from a commodity of which it's far made is referred to as commodity cash.
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what will be the monthly payment on a $75,000 30-year home mortgage at 1% interest per month? $
A $75,000 home mortgage with a 30-year term and 1% monthly interest costs $771.46 a month.
What does a mortgage on a house mean?When you and a borrower enter into a mortgage, the lender is granted the power to seize your home if you are unable to pay back the loan amount plus interest. To purchase a property or borrow money against by the value of a home that currently own, you can use a mortgage loan.
Do home mortgages make sense?It can help you make money and increase your overall combined wealth if used appropriately. A mortgage is also among the least costly types of debt. It is feasible because to low rates of interest and federal and state tax breaks.
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allen air lines must liquidate some equipment that is being replaced. the equipment originally cost $10 million, of which 65% has been depreciated. the used equipment can be sold today for $5 million and allen faces a 25% tax rate. what is the equipment's after-tax net salvage value? enter your answer in dollars. for example, an answer of $1.2 million should be entered as 1,200,000. round your answer to the nearest dollar.
The used equipment after deducting all the taxes and charges would be sold for approximately 3.75million dollars.
How does depreciation work?The accounting method of depreciation can be used to stretch out the expense of a tangible object over the course of its useful life. Depreciation shows how much of an asset's value has been lost via use. It enables businesses to purchase assets over a predetermined time period and profit from those assets.
Is depreciation a cost?Depreciation is a component of almost every company's income statement. Since it is recorded as an expense, it should be taken into consideration anytime an item is calculated for year-end tax purposes or to assess whether it is still viable for liquidation.
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the process by which an individual decides what to do with his or her real and personal property during and after life is known as
The process by which an individual decides what to do with his or her real and personal property during and the afterlife is known as Estate planning
What is Estate Planning?This refers to the term that is used to describe and define the management of the property or properties of a person during their lifetime or also in the event of their death.
Hence, it can be seen that with this in mind, this estate planning and management has to do with the arrangement of the properties and assets of a person in order to make decisions on what should be done with them.
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rj corporation has provided the following information about one of its inventory items: date transaction number of units cost per unit 1/1 beginning inventory 520 $3,320 6/6 purchase 740 $3,720 9/10 purchase 1,320 $4,120 11/15 purchase 740 $4,320 during the year, rj sold 2,880 units. what was ending inventory using the average cost flow assumption?
Companies assign costs to inventory items, cost of goods sold (COGS), and closing stock using the average cost flow assumption. All items sold from inventory during the accounting period are averaged, and the average cost is then applied to the items.
What is the Average cost flow assumption ? The process by which costs are deducted from a business's inventory and reported as the cost of products sold is known as a cost flow assumption.The cost flow assumptions used in the US include FIFO, LIFO, and average. There is no need to guess if particular identification is used.Companies assign costs to inventory items, cost of goods sold (COGS), and ending inventory using the average cost flow assumption. All items sold from inventory during the accounting period are averaged, and the average cost is then applied to the items. This technique is frequently used when inventory products are so similar to one another that it is challenging to determine a precise cost for a single unit.
According to the average cost flow hypothesis, the only difference between all items of a particular class is their purchasing price. The differences in purchase prices are attributed to outside forces like inflation, supply.
A benefit of the average cost flow assumption is that it does away with the need to keep track of each individual item, which is useful when there are lots of comparable things flowing through the inventory at once. This method has a lower application cost than other working capital methods and, in theory, is less likely to fudge income because it involves little labor.
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what is the name of the act recently drafted by the national conference of commissioners on uniform state laws in response to the growth in business conducted over the internet?
Uniform Computer Information Transaction Act is the name of the act recently drafted by the national conference of commissioners on uniform state laws in response to the growth in business over the internet.
A draft state law known as the "Uniform Computer Information Transaction Act" (UCITA) aims to standardize the licensing of software and all other forms of digital information. UCITA, which was initially designed as an amendment to the Uniform Commercial Code (UCC), establishes a uniform commercial contract law by making terms that are frequently found in "click-wrap" contracts (which typically pop up on your screen when you first install software) enforceable, binding contracts.
With the help of UCITA, software and information license transactions are governed by a single body of law. It will make it clear that enforceable license agreements are contained in shrink-wrap and click-wrap. The "perfect tender" principle for business licenses is rejected. A thorough plan for dealing with electronic commerce is contained there.
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Two companies that experience identical accounting events may still report different amounts of net income. This statement is.
Two companies that experience identical accounting events may still report different amounts of net income.
The above statement is True.
What do you mean by net income?
Net income can be defined as the amount an individual or business makes after deducting costs, allowances and taxes.
In business it can be calculated by knowing how much money has left over after all expenses, including salary and wages, cost of goods or raw material and taxes.
The formula for calculation is
Revenues - expenses, interest, and taxes.
It represents the final measure of the profitability of the company. There are certain ways to determine a good net income, for example a 10% net profit margin is considered average, a 20% margin is considered high (or “good”), and a 5% margin is low.
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when a message is different from what consumers believe, they are likely to: group of answer choices change their beliefs develop counterarguments be driven by their subjective norms analyze the new message
Truth effect When people believe something because it has been said a lot of times.
What is the concept of consumer affective?
In light of Zajonc's (1980) proposition, an idea of Full of feeling Decision Mode is created. It is argued that the affective choice mode is the most common mode of consumer brand selection when products are expressive (i.e., they are sought for psycho-social goals rather than utilitarian ones).
What will a customer experience if they are forced to choose between two equally undesirable options?
Avoidance- Avoidance: When a person is forced to choose between two equally undesirable options, both of which have negative consequences, conflict results.
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billy bob's barber shop knows that a 10 percent increase in the price of their haircuts results in a 15 percent decrease in the number of haircuts purchased. the elasticity of demand facing billy bob's barber shop would be considered to be?
Billy bob's barber shop knows that a 10 percent increase in the price of their haircuts results. The price elasticity of demand is 1.5
Price elasticity of demand is the rate of the chance change in volume demanded of a product to the chance change in price. Economists employ it to understand how force and demand change when a product's price fluctuations.
Calculating the problem:Price elasticity of demand = % change in quantity demanded / % change in price .
price elasticity = - 15% / 10 %
= - 1.5
Demand is price elastic as absolute value of price elasticity > 1 .
What's meant by price elasticity?Price elasticity of demand is a dimension of the change in the consumption of a produce in relation to a change in its price. Expressed mathematically, it's Price Elasticity of Demand = Chance Change in Quantity Demanded ÷ Chance Change in Price.
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paula's projection screens inc. is trying to sell its product to a chain of movie theaters. this requires the sales rep, an engineer, and a quality control manager to attend meetings with the movie theater staff to provide answers to their questions. this is an example of .
Paula's projection screens inc. is trying to sell its product to a chain of movie theaters. This requires the sales rep, an engineer, and a quality control manager to attend meetings with the movie theater staff to provide answers to their questions. This is an example of Team Selling.
A quality control engineer is responsible for ensuring that products meet quality standards. They may develop quality control plans, conduct inspections and tests, and analyze data to identify trends and root causes of quality issues.
Quality control engineers may also be involved in developing and implementing quality improvement plans.
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if the united states were to impose 100 percent tariffs on imports of chinese shrimp, what would most economists conclude?
An administrative trade tariffs. What would most economists conclude if the United States imposed 100% taxes on imports of Chinese shrimp. The argument related to the newborn industry can be used to defend this choice.
The national defence justification can be used to support this choice. Tariffs Increase Costs and Slow Economic Growth Evidence from the past demonstrates that tariffs increase costs and decrease the quantities of goods and services available to shrimp American firms and consumers, which has a negative impact on income, employment, and economic activity. Tariffs serve three main purposes: to generate income, to safeguard domestic industries, and to correct trade distortions (punitive function).
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if a drawer and a payee or holder have accounts at different banks, the payer bank and depository bank are not the same bank. in this case, the check is called a(n) .
If a drawer and a payee or holder have accounts at different banks, the payer bank and depositary bank are not the same bank. In this case, the check is called an "on them" item.
The drawer is the one who draws the money. He directs the third party to make a payment.
One of the three parties involved in the check cashing procedure, along with a payor and a payee, is a drawee. The person that processes the cheque is known as a drawee (usually a bank). The party issuing the cheque is known as a payor (the money will ultimately get removed from their account). The recipient of the funds is known as the payee.
A bank is the most typical example of a drawee. Each time you deposit a check or receive a bill of exchange, they serve as the drawee.
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xavier has decided to open his own business. her earned $50,000 in accounting profit in his first year. when deciding to open his own business, he turned down three separate job offers with annual salaries of $40,000, $50,000, and $ 55,000. what is xavier's economic profit from running his own business?
a) $5,000 is the response. Opportunity costs are of interest to economists. All that is sacrificed in order to make a particular choice is the opportunity cost. The benefits of the best alternative use of a business's resources are deducted by economists.
Monetary benefit is the bookkeeping benefit short the worth of the best option in contrast to beginning the business. The next best option for Jaqui is the highest salary she could have earned if she hadn't started her business. That amounts to $45,000 in pay.
Accounting profit minus $45,000 equals $5,000 in economic profit.
What is meant by economic profit?
profit is the difference between total revenue and total costs over a given time period in business. Profit is the difference between the returns to capital, land, and labor (interest, rent, and wages) in economics.
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kitchen clean contracts to provide services for chef rave's restaurants at a rate of $1,000 per month to begin next month. after the first cleaning, kitchen clean complains that the conditions of the exhaust hoods were worse than either party knew. the parties agree to a new agreement for $1,500 per month during months when the hoods require cleaning and $1,000 for all other months. the parties have discharged their original contract via what method?
the parties have discharged their original contract via the method of Accord and Satisfaction.
An accord and satisfaction is a legal agreement between two parties to settle a tort claim, contract, or other liability for a sum based on terms that are different from the contract's or claim's initial value. Prior to going to court, legal matters are frequently resolved through agreement and satisfaction.
The agreement on the revised terms of the contract is referred to as the accord, and compliance with those conditions is referred to as the satisfaction. All past claims to the matter are waived whenever there is an agreement and satisfaction, and the performance (or satisfaction) has been carried out.
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