The ________ is the difference between the unpaid contract price and the market price at the time and place of the tender of the goods, plus incidental damages, minus expenses saved because of the buyer's breach
a. comparable recovery
b. consequential damage
c. market price differential
d. lost profit differential
c
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An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during theweek. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $110;cumulative earnings for the year prior to this week, $24,500; Social security tax rate, 6%; and Medicare tax rate,1.5%; state unemployment compensation tax, 3.4% on the first
$7,000; federal unemployment compensation tax,0.8% on the first $7,000 . What is the net amount to be paid to the employee? a. $569.87 b. $539.00 c. $625.00 d. $544.88
Carnival Bakery borrowed $500,000 from Front Street Bank. Carnival then hired a contractor to build a new Jonesie distribution outlet. In which section of Carnival's statement of cash flows would you find information that indicated that Carnival acquired the new Jonesie distribution outlet?
a. Operating Activities b. Investing Activities c. Financing Activities d. Profit Activities
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1Beginning inventory46 units at $20 eachJune 15Sale of 38 units for $50 each June 29Purchase38 units at $25 eachThe cost of the ending inventory is:
A. $760 B. $950 C. $920 D. $1150 E. $1110
From a producer's point of view, a greater number of levels in a supply chain means less control and greater channel complexity
Indicate whether the statement is true or false