All of the major hotel chains have raised their rates all over the world repeatedly every quarter for the past
three years. Finally, major corporations with accounts at the hotels have begun to renege on their contracts
with the hotels. You represent the corporations with the defense to performance of the contract of
unconscionability.
O False
O True

Answers

Answer 1

All of the major hotel chains have raised their rates all over the world repeatedly for the past three years. Corporations with the defense to performance of the contract of unconscionability are true.

What do you mean by contract?

All of the major hotel chains have raised their rates all over the world repeatedly every quarter. Major corporations with accounts at the hotels have begun to renege on their contracts with the hotels.

Therefore, the above statement is true.

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Related Questions

Select all that apply.

Select the items that describe a free market economy.

efficient market system
distribution of goods through price
competition among businesses
small selection of goods and services
little freedom for producers

Answers

Efficient market system. Distribution of goods through priceCompetition among business.

Explanation:

Free market system is efficient and had wide array of sphere. In a free market system goods are distributed through price . As it include both consumers and producers which only deals on price.As in free market system there is no role of government, so there is a competition between businesses and business man to achieve greatest profit .

A country with a high dependency ratio probably has.

Answers

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A high BR, low gender inequality, and a low standard of living

The concept of demand can be summarized by a schedule or curve showing the quantity of a product that would be ______.

Answers

The concept of demand can be summarized by a schedule or curve showing the quantity of a product that would be given away at only one price. This is further explained below.

What is the demand curve?

Generally, the demand curve is simply defined as a chart depicting the relationship between the price of a something or service and the demand for that good or service.

In conclusion, The notion of demand may be described by a timetable or curve indicating the amount of a product that would be given away for free at a certain price.

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A wider variety of goods available at cheaper prices may be a result of.

Answers

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Economies of scope occur when producing a wider variety of goods or services in tandem is more cost effective for a firm than producing less of a variety, or producing each good independently.

Mr. Spacek runs a stationery supply business from Ohio. He exports stationery to countries in Latin America. Changes in oil prices have a direct impact on his business costs. Why do you think changes in oil prices affect Mr. Spacek’s business?
A.
the transaction costs may decrease
B.
the transportations costs may increase
C.
the time lag and its related costs may widen
D.
the acceptable tariffs and quotas may be affected

Answers

Changes in oil prices affect Mr. Spacek’s business through acceptable tariffs and quotas may be affected.

What is tarrif?

A tariff is the amount of money paid on goods by an importer.

The amount determined by the government of the country and the money is paid into the government purse.

The change in oil price can increase the tarrif thereby increasing the overall cost of production of the business.

Therefore, Changes in oil prices affect Mr. Spacek’s business through acceptable tariffs and quotas may be affected.

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Country a has a gdp of $60,000,000, and country b has a per capita gdp of $2,000. if the populations of countries a and b are 40,000 and 20,000, respectively, which country is most developed based on per capita gdp, and why

Answers

With respect to the GDP per capita, country B is a more developed economy with a per capita GDP of $2,000.

What is GDP per capita?

The total GDP of a nation divided by its total population is regarded as its GDP per capita. In the given case, the GDP per capita of country A will be computed as $1500, and that of country B is given as $2000.

Hence, country B is more developed with a GDP per capita of $2,000.

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Sales taxes collected by a retailer are recorded by.

Answers

Answer:

There recorded by sales

Explanation:

Sales taxes collected by a retailer are recorded as credit to sales taxes payable under the current liabilities section on the balance sheet.

Sales taxes collected by a retailer are typically recorded by the retailer themselves for accounting and reporting purposes.

How is the sales tax collected

This is done to ensure compliance with tax regulations and to accurately track the amount of sales tax owed to the appropriate tax authority.

Retailers usually use point-of-sale (POS) systems or specialized accounting software to record sales transactions and calculate the sales tax amount. These systems are programmed to apply the appropriate tax rate based on the location of the sale and the type of product or service being sold.

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How do consumers influence the decisions of producers?
By setting prices for goods and services
Through following procedures set by the government
By working to produce goods and services
Through the purchasing decisions they make

Answers

Answer:

Through the purchasing decisions they make

Explanation:

An example might be that a producer would stop producing an item if very few consumers buy it.

Tomato sauce and spaghetti noodles are complementary goods. a decrease in the price of tomatoes will

Answers

Answer:

low country development and low social amenitues

What are the four general categories of quality costs?.

Answers

The four general categories of quality costs are internal failure, external failure, prevention, and appraisal.

What is the quality cost?

Quality cost is a methodology that allows an organization to identify how much of its resources are spent on activities that prevent poor quality.

It assesses the quality of the firm's products or services, and result from internal and external failures.

Thus, the four general categories of quality costs are internal failure, external failure, prevention, and appraisal.

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Globalization has affected developed countries by encouraging new products. providing a solid consumer base. turning their focus to providing services. increasing employment for unskilled workers.

Answers

Answer:

C

Explanation:

Edge 2022

Globalization has affected developed countries by turning their focus to providing services. Thus, the third option is correct.

What is globalization?

Globalization is a phrase used to describe how trade and technology have connected and interdependent the world. Globalization encompasses the economic and societal developments that have resulted as well.

More jobs in nations where jobs are required are a byproduct of globalization, which can benefit the national economy and result in a greater standard of life. As the standard of living rose, more poor children quit employment and went to school.

Therefore, the primary focus of globalization is to provide services.

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The principle which states that a company should record expenses it incurred in the same period as the revenue it generated is known as the.

Answers

Answer:

The Expense Recognition Principle

Use what you have learned about secured and unsecured loans to complete these sentences. a loan that is associated with a valuable asset that can be taken by the lender is . ray needs to get a new set of tires for her car, so she uses her credit card. if she does not pay her bills, there is no asset that can be seized. this means her loan is . jack agrees to take out a mortgage. if he fails to make his payments, the bank may repossess his house, so his loan is .

Answers

A loan that is associated with a valuable asset that can be taken by the lender is  a secured loan.

Ray's loan is unsecured.

Jack's mortgage is a secured loan.

What are secured and unsecured loans?

A secured loan is a loan that is backed up by an asset. If the borrower defaults on the loan,the lenfer can take possesion of the asset. An unsecured loan is a loan that is not backed up by any asset.

An unsecured loan is more risky than a secured loan. Thus, unsecured loans have a higher rate of interest.

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Answer:     Secured, Unsecured, Secured

Explanation:

edge 2022

the negative impact of the coronavirus as one of the socio- economic issues on businesses

Answers

Answer: reducuced workforce across all economic sectors and caused many jobs to be lost.

Explanation:

5. Angela Corcoran bought a $125,000 home. She made a 12% down payment
and borrowed the rest on a 25-year, 8.8% fixed rate mortgage. Her
monthly mortgage payment was $908.10. A. How much was the down
payment Angela made? B. How much did she borrow on the mortgage? C.
What is the total amount of the monthly payments Angela expects to pay
over the life of the loan? D. What is the amount of interest Angela will
pay over the 25-year loan term?
6. The Coverley's bought a home for $162,500. They made a 5% down
payment and borrowed the rest on a 7.4%, 30-year fixed rate mortgage.
Their monthly payment was $1,068.86. A. How much was the down
payment they made? B. How much was the amount of their mortgage? C.
What was the total amount of their monthly payments over 30 years. D.
What was the amount of interest they paid over the life of the loan?

Answers

The details of the home bought by Angela Corcoran are:

$15,000 down payment.$110,000 was borrowed. $272,430 is the total amount of monthly payments. $162,430 is the total amount of interest to be paid.

The details for the home by the Coverley's are:

$15,000 down payment.$154,375 was borrowed. $384,789.60 is the total amount of monthly payments. $230,414.60 is the total amount of interest to be paid.

What are the payments for Angela Corcoran?

The down payment is:

= 12% x 125,000

= $15,000

The loan amount is:

= Cost of house - down payment

= 125,000 - 15,000

= $110,000

The total amount to be paid is:

= 908.10 per month x 12 months per year x 25 years

= $272,430

The total interest:

= Total amount paid - Cost of loan

= 272,430 - 110,000

= $162,430

What are the payments by the Coverley's?

The down payment is:

= 5% x 162,500

= $8,125

The loan amount is:

= Cost of house - down payment

= 162,500 - 8,125

= $154,375

The total amount to be paid is:

= 1,068.86 per month x 12 months per year x 30 years

= $384,789.60

The total interest:

= Total amount paid - Cost of loan

= 384,789.60 - 154,375

= $230,414.60

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On December 31, Briar Co. disposed of a piece of equipment that cost $6,000 with accumulated depreciation as of December 31 of $4,500. The entry to record this disposal would include a debit to which account and for how much

Answers

Briar Co. disposed of a $6,000 piece of equipment on December 31 with $4,500 in accrued depreciation as of that date. Then $1,500 will be debited from the Loss on Equipment Disposal account.

What is loss on Equipment Disposal account?

Gain/Loss on Asset Disposal is a common account name of the Equipment Disposal account.

The net difference between the initial asset cost and any cumulative depreciation (if any) is debited to the disposal account, while the balances in the fixed asset account and the accumulated depreciation are reversed.

On December 31, the debited amount is calculated as:

[tex]=\text{Disposed Equipment- Accumulated Depreciation}\\\\ =\$6,000- \$4,500\\\\ =\$1,500[/tex]

Therefore, $1,500 will be the amount of loss on disposal of the Equipment.

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Suppose that income tax revenues are maximized at an average (income) tax rate of 45 percent. If the Laffer curve is a correct diagrammatic representation of the relationship between tax rates and tax revenue, it follows that a tax rate of

Answers

Answer:

-35 percent will reduce tax revenues.

-48 percent will reduce tax revenues.

Eugene is an expert in genealogy. he runs an online business where he teaches people how to trace their family history through videoconferencing and workshops and provides digital tools for doing so. what must he do first to make sure this business will succeed?

Answers

Eugene should convince the people of the community about the popularity of genealogy if he wants to make his/her business successful.

What is Genealogy?

Genealogy is the practice followed in the US country to find out about the history of the families and their ancestors in ancient times.

Genealogy gains much popularity in the country of the US over the period of time. In the provided case, if Eugene is able to convince the people about the practice of genealogy, then it helps in flourishing his business to a greater extent.

Therefore, the task of convincing people about genealogy by Eugene help him in expanding his business.

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if you purchase your health insurance plan through the federal marketplace, what is the website you go to?

Answers

Answer: HealthCare.gov

Explanation:

Kari is on a trip to italy. she has made a list of cities she would like to tour while she is there, as well as how much she expects it will cost her (between transportation, admission, souvenirs, and so on) to see each one. the prices are listed in either us dollars ($) or euros (€). kari has a budget of $585 set aside for sightseeing. item cost currency tour of the vatican 68.77 € tour of rome 95.41 € tour of naples 71.06 $ tour of venice 113.38 $ tour of milan 49.69 € she would also like to tour genoa as well, which would cost her €60.85. if the conversion rate of us dollars to euros at the time of kari’s visit is 1:0.6859, how will this affect her budget? round all dollar values to the nearest cent. a. kari can see genoa and have $60.33 left in her budget. b. kari can see genoa and have $41.38 left in her budget. c. kari has almost exactly enough left in her budget to see genoa. d. kari cannot afford to see genoa, because it would put her $84.48 over budget.

Answers

Based on the amount budgeted and the cost of sight seeing, kari has almost exactly enough left in her budget to see genoa.

Which city should Kari see?

Exchange rate is the rate at which one currency is exchanged for another currency. In ths question, 1 dollar is exchange for 0.6859 euros.

The first step is to convert the amount budgeted to Euros: 585 x 0.6859 =  401.25 Cost in Euro of seeing Naples : 0.6859 x 71.06 = £48.74Cost in Euro of seeing Venice : 0.6859 x 113.38 = £77.77Total cost of the sightseeing =  £48.74 + £77.77 + £68.77+ £95.41 + £49.69  + £60.85 = £401.25

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Answer:

c.

Kari has almost exactly enough left in her budget to see Genoa.

Explanation:

i just took the test

This type of investment typically has a greater long-term-rate of return than a
savings account.

Credit Union
Credit Card
Stock
Checking Account

Answers

A Stock investment typically has a greater long-term rate of return than a savings account.

What is a Stock?

A stock is basically a financial investment that represents fractional ownership of a company or business. In other words, holding a company stock implies you own a percentage share of the business's potential success.

Hence, since there are many guiding factors that could make a once small company into a big company in the future, such as experiencing increased investor interests, etc, it thus makes a stock investment have a greater long-term rate of return than a savings account.

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When considering the presentation of a retail store, which elements largely contribute to the visual experience for a consumer?.

Answers

When considering the presentation of a retail store, The elements that largely contribute to the visual experience for a consumer are the store layout and atmosphere. This is further explained below.

What is a retail store?

Generally, a  retail store is simply defined as a store that is normally owned and operated by a retailer but can also be owned and operated by someone whos not a retailer and sells items primarily to end-users.

In conclusion, The retail store aims to look good as it is the last link to the consumer.

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Which career is likely to earn the highest salary?
a) Hairdresser
b)Dentist
c)News Anchor
d)Flight attendant

Answers

Answer:

b.) Dentist

Explanation:

Hope it helps!

An organism on which a parasite or virus lives is called a .

Answers

a host organism or just host

Answer:

host organism. it lives in either mutualistic or comenstlitic

Burger Buddies restaurant chain is attempting to bring back their fried fish sandwich. It is an
old favorite, but in recent times has lost its popularity with customers. The burger chain has
hired a marketing firm to find new customers for the fried fish sandwich. What does the
marketing firm need to focus their efforts on?
® consumer modification
market modification
product modification
1 marketing mix modification

Answers

The marketing firm need to focus their efforts on

product modification.

What is product modification

Product Modification includes changes that are done on an existing product to make it more acceptable.

This could include branding, changing the quantity and colour to help increase the demand.

Therefore, The marketing firm need to focus their efforts on product modification.

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Answer:

product modification

Explanation:

have a great summer you guys, i wish you all the best <3

What website would be the best to use to find the best steakhouse near your home?.

Answers

Answer:
Just use G maps and search stakehouse.

Explanation:

Answer:

the best one is yelp

Explanation:

your current location include Yelp.

From the following examples, which one correctly defines a leader?

A. Andy is capable of guiding the members of his team.
B. Steven works within the team.
C. Dan assigns work to other members of his team.
D. Alex is the most active in his team.

Answers

Answer:

A

Explanation:

A leader is someone who ensures their team has support and tools to achieve their goals.

“Equivalent income in the city you are moving to” and the “percentage decrease you can take in your salary to still maintain your standard of living”. What do these two sentences mean?

Answers

Answer:

The two sentences mean that the "Equivalent income" is the income you can receive in the new city.  The "percentage decrease" in salary to maintain your current living standard is the rate of decrease in salary.

Explanation:

For example, if your equivalent income in the new city is $45,000 and your current income is $50,000, and the percentage decrease in salary is 40%, it implies that your living standard may be below $45,000.  

Thus, at a salary of $45,000, you can still maintain your living standard with a salary of $30,000 ($50,000 x (1 - 0.4).

In what decade was the first price scanner installed?.

Answers

Answer:

On 26 June 1974, the first installation of supermarket scanners entered service in a Marsh supermarket in Troy, Ohio. This Spectra Physics model A price scanner, is one of those first ten scanners.

Poppy's Gumball Co. is planning to invest in a new marketing campaign that would require an initial investment of $85,000. The project is expected to provide incremental annual income of $27,200. The simple rate of return on the project is

Answers

The simple rate of return on the project is 32% if the cost investment is $85,000 and the annual income earned on it is $27,200.

What is annual income?

Annual income is the amount of gain earned by a company from the investment made in a long-term project. It can be determined from the income statement of a company.

Given values:

Annual income : $27,200

Initial investment : $85,000

Computation of simple rate of return on investment:

[tex]\rm\ Simple \rm\ rate \rm\ of \rm\ return =\frac{\rm\ Annual \rm\ incremental \rm\ income}{\rm\ Initial \rm\ Investment} \\\rm\ Simple \rm\ rate \rm\ of \rm\ return=\frac{\$27,200}{\$85,000} \\\rm\ Simple \rm\ rate \rm\ of \rm\ return=32\%[/tex]

Therefore, after making an initial investment of $85,000 into the project with an annual income of $27,200, the rate of return is earned at 32%.

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