Use the Information Below to Answer the Following Question(s)

question 11

Multiple Choice

Use the information below to answer the following question(s) .
Bombardeer, an auto manufacturer, incurred the following costs last month (in thousands of dollars) .

-The total inventoriable product costs costs for Bombardeer are

• A) $3,840.
• B) $4,120.
• C) $5,195.
• D) $5,325.

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Definitions:

Breach Occurs

The point at which a party fails to fulfill their obligations under a contract, resulting in a breach of the agreement.

Liquidated Damages Clause

A provision in a contract that pre-determines the amount of damages to be paid if one party breaches the agreement.

Enforceable

A term that describes a contract or agreement that can be legally upheld and compelled by the court system.

Specific Performance

A legal remedy where a court orders a party to perform a specific act, usually indicated in a contract, as opposed to awarding damages.