Ralph Ordered the Installation of a Satellite Dish from PrimeStar

question 21

Multiple Choice

Ralph ordered the installation of a satellite dish from PrimeStar Ltd. for $595. The required minimum deposit was $95, however Ralph paid $200. When Ralph cancelled the order, PrimeStar refused to return the $200 calling it liquidating damages. Actual loss for a cancelled order is estimated by the plaintiff's attorney to be $75. The expected profits on this sale was $60. How much will Ralph end up paying for this cancelled order?

• A) $200
• B) $135
• C) $95
• D) $75
• E) $60

Analyze the economic systems of the colonial Americas and their dependence on slave labor and trade.

Identify the different colonial policies and laws enacted by European powers in the New World.

Recognize the significance of key events and figures in early American history.

Explain the religious and cultural diversity of the colonial Americas.

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Definitions:

Cash Disbursements

The outflow of cash for expenses, investment purchases and other payments.

Manufacturing Overhead Budget

A financial plan that estimates the expected indirect costs of producing goods or services, excluding direct materials and direct labor.

Direct Labor-Hour

A measure of the amount of time spent by workers who are directly involved in the production process of creating goods or services.

Merchandising Firm

A type of business that purchases finished products and sells them to consumers without altering the form of the goods.