Answers
Answer:
5.33%
Explanation:
From the question,
We have the following:
Nominal rate was put at = 8.5% = 0.085
Rate of inflation = 3% = 0.03
The formula for actual or real rate of return =
= [(1 + nominal rate)/(1+inflation rate)]-1
= (1 + 0.085/1+0.03)-1
= (1.085/1.03)-1
= 1.0533-1
= 0.0533 x 100
= 5.33%
In conclusion, the actual or real rate of return is 5.33 percent
Related Questions
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
Learn more about promissory note here:https://brainly.com/question/27132271
#SPJ1
Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
Answers
Cumulative preference shares: These are types of shares where shareholders are given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Non-cumulative preference shares: These are types of shares where shareholders are not given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Participating preference shares: With participating preference shares, the issuing company must pay an increased dividend to the owners of preference shares if there is a participation clause in the share agreement. This clause states that a certain portion of earnings (or of the dividends issued to the owners of common stock) will be distributed to the owners of preferences shares in the form of additional dividends.
Convertible preference shares: These are preference shares that can be converted into common stock if a shareholder wants to change its holding position. They are converted into a predetermined number of preference stocks.
Non-convertible preference shares: These are preference shares where the holder of a preference share has not been conferred the right to get their holding converted into equity share.
Redeemable preference shares: These are preference shares that can be repurchased or redeemed by the issuing company at a fixed rate and date.
In summary, a company can issue different types of preference shares, including cumulative, non-cumulative, participating, convertible, non-convertible, and redeemable preference shares.
n any quarter the college needs to make available 8 less English sections than Math sections. In any quarter student demand for the optional Philosophy course is half as many sections as English sections. Available classrooms limit the total sections of all three courses to 48 Given these constraints how many sections of each course should the college make available each quarter to meet demand
Answers
Answer:
math = 24
English = 16
Philosophy = 8
Explanation:
Given that the college needs to make 8 less English courses available compared to math In each quarter
Let English = x , math = x + 8 ( in each quarter )
philosophy demand by student in each quarter = 1/2*x = x/2
limit of all three courses in a classroom = 48
i.e. x + (x+ 8 ) + x/2 = 48
= 2x + x/2 = 48 - 8
= 2x + x/2 = 40 ∴ 5x / 2 = 40
hence : x = 80 / 5 = 16
The number of sections of each course that the college should make available in each quarter to meet demand
math = x + 8 = 16 + 8 = 24
English = x = 16
Philosophy = x/2 = 16 / 2 = 8
Answer:
Math = 24
English = 16
Philosophy = 8
1. According to Starbucks Chairman Howard Schultz, "Consumers now commonly engage in a cultural audit of [product and service] providers. People want to know your value and ethics demonstrated by how you treat employees, the community in which you operate." Discuss the concept of social responsibility marketing and how it impacts both companies and consumers.
Answers
Social responsibility makes the environment much more friendly as well as enhances the bond between the company and the employees.
Who is a consumer?The person who purchases a thing or receives a service is known as a consumer. A consumer is essentially someone who pays for a good or service.
According to the chairman, he suggested that consumer not only seize the product but also sees how the environment, as well as the employees, are being treated at this point in time. This increased the company's social responsibility which impacted both the companies as well as the consumers.
Learn more about consumer, here:
https://brainly.com/question/27773546
#SPJ1
after a customer buys a custom cake or receives catering service from for goodness bakes, a service representative contacts each customer to conduct a survey. the survey information is a form of output.
Answers
Yes, that is correct. The survey information collected from customers is a form of output, as it is the result or outcome of the customer service representative's efforts.
This is done to gather feedback on the customer's experience with For Goodness Bakes' products and services. This output can be used to improve the company's products and services, and to identify areas where the company can enhance customer satisfaction and loyalty. Additionally, this information can be used to track customer satisfaction, identify customer needs and preferences, and improve the overall quality of the product and services. Output is any data that is generated from a process, such as a survey. Feedback on the customer's experience is a form of input for the company, as it provides valuable information that can be used to improve the company's products and services. By gathering feedback from customers, the company can identify any issues or concerns that customers may have with their products or services and make changes to address them. Additionally, feedback can help the company identify customer preferences and needs, which can inform future product development and marketing efforts. Overall, customer feedback is an important input for the company as it helps them understand how their products and services are perceived by the customers and make necessary adjustments.
To know more about feedback:
https://brainly.com/question/26994432
#SPJ4
What aspect of the control environment is affected by the company's decision to no longer require approvals for purchase order discounts
Answers
Answer:
. When temporary workers are recruited the wages might be less but the accuracy extent is quite questionnable. Even the slightest mistake by the workers will make the permanent workers liable. Though the wages of the temporary workers are less.
Explanation:
(>‿◠)✌
Johnson Cleaning Service has the following account balances on December 31, 20X1.
Cash
Equipment
Accounts payable
Elicia Johnson, Capital
$ 76,000
184,000
96,800
163,200
Answers
Based on the type of accounts they are, the proper classification will be:
Cash - Debit balance.Equipment - Debit balance. Accounts payable - Credit balance. Capital - Credit balance. Classifying the balancesThe question asks that the above balances are put on the appropriate side of a T Account.
The proper way to do this will be:
Dr. Account Title Amount Account title Amount Cr.
Cash $76,000 Accounts payable $96,800
Equipment $184,000 Elica Capital $163,200
In conclusion, assets go to the left side and capital and liabilities to the right.
Find out more on asset classification at https://brainly.com/question/24534918.
Accounts classification: Cash - Debit balance, Equipment - Debit balance, accounts payable - Credit balance, Capital - Credit balance.
T-account is a visual representation of an account used in bookkeeping. The T-account gets its name from its resemblance to the letter "T."
A T-account consists of two sides: the left side is called the debit side (or "dr" for "debit"), and the right side is called the credit side (or "cr" for "credit").
The proper T- account of the Johnson Cleaning Service, will be:
Dr. Account Title Amount Account title Amount Cr.
Cash $76,000 Accounts payable $96,800
Equipment $184,000 Elica Capital $163,200
Total Credits $260,000 Total debits $260,000
Thus, this is the proper way of showing a T- account.
Learn more about Accounts Classification here:
https://brainly.com/question/30777455
#SPJ6
Johnson Cleaning Service has the following account balances on December 31, 20X1.
Cash $ 76,000
Equipment 184,000
Accounts payable 96,800
Elicia Johnson, Capital 163,200
Enter the above balances on the proper side of the T-account.
PURPOSE
Create a presentation that describes your plan and findings for a personal finance budget.
ASSIGNMENT PROMPT
In this assignment, you will create a multimedia presentation to communicate your findings from your
previous budget assignment. You will describe your budget, explain your reasoning, provide evidence,
address opposing perspectives, and educate your audience.
Step 1: Review your planned budget.
a) Open your planned budget you created for your previous assignment.
b) Think about your main findings.
Step 2: Consider the required elements of a multimedia presentation.
a) Create your presentation on the computer using presentation or video-editing software.
b) Include digital media such as images, video, or audio.
c) Use text when appropriate to convey main ideas.
d) Have an introduction, body, and conclusion.
e) Present supporting evidence while conveying your perspective clearly.
f) Address other perspectives while explaining your own reasoning.
g) Include a list of resources that you used, including websites, textbooks, or other
materials.
Step 3: Think about these steps for creating a successful presentation.
a) Plan: Sketch your presentation before you begin. Establish the order in which you will
present your information and what media you are going to include.
b) Draft: Create a rough draft of your presentation.
c) Revise: Review your work, correct mistakes, and make improvements
**Last assignment is attached for reference**
I need help on where to start and how I should layout this presentation. If you could point me in the right direction, I plan on using PowerPoint. If you tell me what to do slide for slide, I'll give brainliest. Even advice is a huge help though!
Answers
Answer: Summarize the change in expenditures between budgets. Show the findings of your personal financial analysis using appropriate graphs/charts in Excel.
Explanation:
Answer:
Purposes of creating a personal budget
Personal budgets are usually created to help an individual or a household of people to control their spending and achieve their financial goals. Having a budget can help people feel more in control of their finances and make it easier for them to not overspend and save money.
Explanation:
Who reports the official United States unemployment rate?
1. Unemployment collection offices.
2. The U.S. Bureau of Labor Statistics.
3. U.S. Federal Reserve.
4. Craig from Craigslist.
Answers
Answer:
definitely 4. Craig from Craigslist
Explanation:
Sue's Soup Products uses a process costing system with two processing departments: the Mixing and Cooking Department and the Canning Department. Work in process inventories are reduced to zero each month. In March, the Mixing and Cooking Department incurred manufacturing costs of $113,400 to mix 54,000 gallons of soup. The Canning Department incurred manufacturing costs of $9,500. A total of 190,000 cans of soup were transferred to the finished goods warehouse during the month.
Required:
1. The unit cost per can of soup transferred to the finished goods warehouse during March was ___________.
Answers
Answer:
$0.65
Explanation:
The unit cost per can of soup transferred to finished goods warehouse during March is the total manufacturing costs incurred by both Mixing and Cooking department and Canning Department divided by the total number of cans of soup transferred.
Both departments incurred $122,900 in manufacturing costs i.e($113,400+$9,500) while the total number of gallons of soup transferred to finished goods warehouse was 190,000 cans
Unit cost per can of soup=$122,900/190,000=$0.65
Maria works for a startup tech company as an accountant. Her supervisor needs to know how much money is being spent on computers and software to prepare the company budget for the following year. The supervisor asks Maria to research and share this information with the team. Which type of document is best suited for Maria to share her research?
Answers
The best type of document for Maria to share her research on the amount of money spent on computers and software would be a financial report.
A financial report is a document that provides an overview of a company's financial performance and includes information on its expenses, revenues, and profits. It is a comprehensive document that provides an in-depth analysis of the company's financial health, and it is commonly used to inform decision-making and planning. In this case, Maria can create a financial report that details the amount of money spent on computers and software over a specific period. She can include a breakdown of the expenses, such as the cost of hardware, software licenses, maintenance, and upgrades. Additionally, Maria can provide a comparison of the expenses from previous years, and she can explain any significant changes in the cost of these items. A financial report will enable Maria's supervisor to make informed decisions about the company's budget for the following year. The report will provide insights into the company's financial health and help identify areas where cost savings can be made. Ultimately, the financial report will be a valuable tool for the entire team in making strategic decisions about the company's finances.
for more questions on research
https://brainly.com/question/30052760
#SPJ11
appropriate personal
Answers
Answer:
right or suitable; fitting
Explanation:
Current Attempt in Progress
On January 1, 2020, the stockholders' equity section of Newlin Corporation shows common stock ($5 par value) $1,500,000; paid-in
capital in excess of par $1,000,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions
occurred.
Mar. 1 Purchased 50,000 shares for cash at $15 per share.
July 1 Sold 10,000 treasury shares for cash at $17 per share.
Sept. 1 Sold 8,000 treasury shares for cash at $14 per share.
(a)
Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are
automatically indented when amount is entered. Do not indent manually.)
M
Answers
Currently Making an Attempt:
According to Newlin Corporation's shareholders' equity section as of January 1, 2020, common stock ($5 par value) was paid-in at $1,500,000.
$1,000,000 in excess of par capital and $1,200,000 in retained profits The following Treasury stock transactions occurred throughout the year.
occurred.
1 March: Paid cash for 50,000 shares at a price of $15 each.
On July 1st, 10,000 Treasury shares were sold for cash for $17 each.
1st of September: Cash sale of 8,000 Treasury shares at a price of $14 each.
Journal entry for treasury stock transactions is shown below: [See below in attachment]
2. The entry for September 1, assuming the treasury shares were sold at $12 per share is shown below: [See below in attachment]
To learn more about treasury stock transactions visit:https://brainly.com/question/17439058
#SPJ4
Explain how purchasing, inventory, scheduling and quality control affect production 
Answers
Purchasing involves selecting suppliers. The choice of suppliers should result from careful analysis of a number of factors, including price, quality, reliability, credit terms, and shipping costs. Inventory control is the management of stocks of raw materials, work-in-process, and finished goods to minimize the total inventory cost.
Scheduling ensures that materials and other resources are at the right place at the right time. Quality control guarantees that products and services are produced in accordance with design specifications. The major objective of quality control is to see that the organization lives up to the standards it has set for itself on quality.
which of the following is an example of an executive agreement?
The president changes a regulation on undocumented immigrant status without congressional approval.
The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.
The president issues recommendations to the Department of Justice on what the meaning of a new criminal statue is.
The president negotiates an agreement with China and submits it to the Senate for ratification
Answers
The Correct example of an executive agreement is b) The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.
What is Executive Agreement?An executive agreement is a pact between the leaders of two or more countries that has not been approved by the legislature in the same way that treaties are approved. To distinguish them from treaties, which are legally binding, executive agreements are seen as having political force.Executive agreements are less formal than treaties and do not require ratification by two-thirds of the U.S. Senate. They are agreements between the United States and a foreign government.After 1939, executive agreements were used a lot more frequently. Between 1940 and 1989, during World War II and the Cold War, presidents signed almost 800 treaties but negotiated more than 1,200 executive agreements, compared to the 800 treaties that the U.S. Senate had ratified before to 1940 and the 1,200 executive agreements that they had formed.To learn more about Executive agreement refer to:
https://brainly.com/question/11855563
#SPJ1
1. Stockholders invest $90,000 cash to start the business.
2. Purchased three digital copy machines for $400,000, paying $118,000 cash and signing a 5-year, 6% note for the remainder.
3. Purchased $5,500 paper supplies on credit.
4. Cash received for photocopy services amounted to $8,400.
5. Paid $500 cash for radio advertising.
6. Paid $800 on account for paper supplies purchased in transaction 3.
7. Dividends of $1,600 were paid to stockholders.
8. Paid $1,200 cash for rent for the current month.
9. Received $2,200 cash advance from a customer for future copying.
10. Billed a customer for $500 for photocopy services completed.
No. Account Titles and Descriptions Debit Credit
1.
2.
3.
4.
5.
Answers
Answer:
1. Stockholders invest $90,000 cash to start the business.
Dr Cash 90,000
Cr Common stock 90,000
2. Purchased three digital copy machines for $400,000, paying $118,000 cash and signing a 5-year, 6% note for the remainder.
Dr Copy machines 400,000
Cr Cash 118,000*
Cr Notes payable 282,000
*Where did they get the extra cash from?
3. Purchased $5,500 paper supplies on credit.
Dr Supplies 5,500
Cr Accounts payable 5,500
4. Cash received for photocopy services amounted to $8,400.
Dr Cash 8,400
Cr Service revenue 8,400
5. Paid $500 cash for radio advertising.
Dr Advertising expense 500
Cr Cash 500
6. Paid $800 on account for paper supplies purchased in transaction 3.
Dr Accounts payable 800
Cr Cash 800
7. Dividends of $1,600 were paid to stockholders.
Dr Dividends 1,600
Cr Cash 1,600
8. Paid $1,200 cash for rent for the current month.
Dr Rent expense 1,200
Cr Cash 1,200
9. Received $2,200 cash advance from a customer for future copying.
Dr Cash 2,200
Cr Unearned service revenue 2,200
10. Billed a customer for $500 for photocopy services completed.
Dr Accounts receivable 500
Cr Service revenue 500
Rủi ro của các doanh nghiệp khi kinh doanh taxi công nghệ
Answers
Answer:
Pls translate in english
Explanation:
I dont understand im sorry
When an organization takes care of all of its own promoting, that is called a. direct distribution b. distrubution mix c. indirect distribution
Answers
Answer:
Direct distribution
Explanation:
In a direct distribution, the same member both produces and distributes a product or service to consumers.
In an indirect distribution, a marketing channel consists of one or more intermediaries.
In a mixed distribution, there are signs of both direct and indirect promotions.
jose is a very active toddler who prefers to do things by himself. according to erikson, jose prefers to be successfully resolving which developmental crisis?
Answers
Hi there !
Topic - Balance sheets
What is a capital expenditure versus a revenue expenditure?
Nonsense = Reported
Please answer A.S.A.P
Thank you
Answers
Answer:
Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period while revenue expenditures are typically referred to as ongoing operating expenses, which are short-term expenses that are used in running the daily business operations.
There is an inverse relationship between followers and engagement -- surprisingly, the more followers, the LESS engagement with posts. Why do you think non-celebrities are able to influence buying behavior?
Answers
This is because the followers are aware of the celebrity and their motivations, thus their purchasing decisions aren't as affected by consumer behaviour.
What is consumer behaviour?The activities and choices that consumers make when using or purchasing things are referred to as consumer behaviour in marketing. Consumer behaviour towards a product encompasses all aspects, from the original choice to acquire it through how they use it and whether they decide to make additional purchases of it in the future or not. Consumer behaviour can be divided into four categories: routine purchases, variety-seeking purchases, purchases made to avoid dissonance, and sophisticated purchases. The sort of goods a consumer needs, their level of involvement, and the variations between companies all influence the forms of consumer behaviour they exhibit.
To learn more about Consumer behaviour click,
https://brainly.com/question/9566137
#SPJ1
On September 1, Best Company began a contract to provide services to Dildwood Company for six months, with the total $10,800 payment to be made at the end of the six-month period. Equal services are provided each month. The firm uses the account Fees Receivable to reflect amounts due but not yet billed. What proper adjusting entry would Best Company make on October 31, the end of the accounting period (no previous adjustment has been made)
Answers
Answer and Explanation:
The journal entry is shown below;
Fees receivable $7,200 ($10,800 × 4 months ÷ 6 months)
To Service fees earned $7,200
(being service fees earned is recorded)
Here the fees receivable is debited as it increased the assets and credited the service fees earned as it also increased the revenue
So, this journal entry should be recorded
If you were running the clothing or grocery store, which buying method would you prefer to use? Why? (1-4 sentences. 1.0 points)
Answers
Prompt What is economic utility?
Answers
Answer:
Economic utility refers to the usefulness or value that consumers experience from a product or service and can be judged based on the form, time, place, and possession
Bob Martino has a home mortgage on a vacation home with ABC Co., a local credit union. Which condition would allow him to work on the firm's audit of ABC?
1) No condition would allow him to work on the audit.
2) He will charge less than 20 hours to the credit union's audit.
3) His loan is not material to his net worth.
4) He is not the lead engagement partner or manager on the account.
Answers
Based on the information, the condition that would allow him to work on the firm's audit of ABC is His loan is not material to his net worth. Thus the correct option is D.
Bob Martino would need permission from ABC management in order to participate in the corporate audit of ABC Co., a financial institution.
Bob Martino would need permission to refrain from using any private information gained from the credit union audit for his or her own benefit in order to qualify for the exemption.
The auditing company would need to determine whether his loan is material to his net worth in order to make sure he is not swayed by his own financial interests.
Therefore, option D is appropriate.
To know more about the audit of a firm, click here
brainly.com/question/28238523
#SPJ1
how to calculate net income with total assets, debt equity and return on equity
Answers
ROE = Net Profit Margin x Asset Turnover x Equity Multiplier to calculate net income with total assets, debt equity and return on equity.
What is the net income calculation formula?
Net Income = Total Revenues - Total Expenses.
Both positive and negative net income are possible. You have a positive net income when your business generates more money than it spends. You have a negative net income, also known as a net loss, if your entire expenses outweigh your earnings.
What is the equity's net income?
A company's net income is determined by deducting the cost of items sold from its revenues for the specified time period. Every cost associated with operating a business, including rent, payroll, equipment, advertising, and taxes, is included in the cost of goods sold. Assets minus liabilities equal the owner's equity of the company.
Learn more about Net income
brainly.com/question/15570931
#SPJ1
Consider the market for tilapia. Ripple Rock Fish Farms, a small family fishery in Ohio, and The Fishin’ Company, a large corporate supplier, are both producers of tilapia. The marginal cost curves for both firms are shown in the accompanying graph. a. Suppose the market price of tilapia is $2.50 per pound. Move point A to Ripple Rock’s quantity sold. Move point B to The Fishin’ Company’s quantity sold.
Answers
The appropriate graph to explain the information is attached.
How to convey the informationAt the requested price, P = $2.50, Ripple gemstone produces 200 units of tilapia and the Fishin company produces 600 units of tilapia. In these affair situations, price line cut their separate borderline cost wind at points A and B.
Since, at market price, P = $2.50, Ripple rock produces 200 units of tilapia and the Fishin company produces 600 units of tilapia. Thus, they collectively supply 800 (=200+600) thousand pounds of tilapia.
In a perfectly competitive market, the efficient point is where P = MC that is, the marginal cost of production is equal to the market price.
At points A and B, the marginal costs of both the producers are equal to the price. Therefore, to achieve an effective product, The Fanishinâ Company should supply the same it's presently producing, and Ripple Rock should supply the same it's presently producing.
Learn more about price on:
https://brainly.com/question/1153322
#SPJ1
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
For more question on research visit:
https://brainly.com/question/20365163
#SPJ8
what are the benefits of intrapreneurship to the Country
Answers
Shawn and Harry signed a contract for Shawn to build a house for Harry according to the specifications provided by Harry. The contract stated that Shawn would be paid $125,000. Shawn unintentionally deviated from the specifications in several minor respects. The house was soundly constructed, and Shawn completed the work within the promised time. Harry refused to pay Shawn any of the $125,000, arguing that the house did not conform to the specifications. In this case,
A) Harry will get a decree of specific performance.
B) Shawn has no right to be paid for any of his work because he breached the contract.
C) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.
D) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused to him because of the delay in payment.
Answers
Answer:
C) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.
Explanation:
From the question Harry signed a contract with Shawn to build a house. Harry made some specification to build the house. But Shawn did not follow the specifications now Harry doesn't want to pay him the contract amount.
Under doctrine of specific performance, Harry can pay less money than the contract price. Because Shawn has performed substantially, he is not entitled to receive the contract price as agreed.