Answers
Answer:
375
Explanation:
Breakeven point is the number of units produced and sold at which net income is equal to zero. It is the point at which revenue is equal to cost.
Break even point = F / (P - V)
F = fixed cost = $6,000
P = price = $37,800 / 625 = $60.48
V = variable cost per unit = ($14,600 + $13,200) / 625 = $44.48
$6,000 / $60.48 - $44.48 = 375
I hope my answer helps you
Answer:
Break even in units = 375 units
Explanation:
Break even point in units is the point where the total revenue earned equals total cost. It is a point of no profit no loss. Break even point in units is calculated as follows,
Break even in units = fixed cost / contribution margin per unit
Contribution margin per unit = Selling price per unit - Variable cost per unit
First we need to calculate the Contribution margin per unit.
Contribution margin per unit = [37800 - (14600 + 13200)] / 625
Contribution margin per unit = 16
Break even in units = 6000 / 16
Break even in units = 375 units
Related Questions
[100 points, economics, midpoint question]
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 21.0. When the price is $12.75, the quantity supplied of motorcycles is 63.0and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.
![[100 points, economics, midpoint question]Consider two markets: the market for motorcycles and the market](https://i5t5.c14.e2-1.dev/h-images-qa/contents/attachments/RxPOfFo2StUzHTQGqnbkkpQVAmW3xo7f.png)
Answers
The elasticity of supply for televisions: 2. less elastic than supply in the market for televisions.
To calculate the elasticity of supply, we use the midpoint formula, which is given by:
Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)
First, we need to calculate the percentage change in quantity supplied:
Change in quantity supplied = New quantity supplied - Initial quantity supplied
Change in quantity supplied for televisions = 800 - 1,000 = -200
Percentage change in quantity supplied = (Change in quantity supplied / Initial quantity supplied) * 100
Percentage change in quantity supplied for televisions = (-200 / 1,000) * 100 = -20%
Next, we calculate the percentage change in price:
Change in price = New price - Initial price
Change in price = $1,200 - $800 = $400
Percentage change in price = (Change in price / Initial price) * 100
Percentage change in price = ($400 / $800) * 100 = 50%
Now, we can calculate the elasticity of supply for televisions:
Elasticity of Supply = (-20% / 50%) = -0.4
The elasticity of supply for televisions is -0.4, it indicates that the supply of televisions is inelastic. This means that the quantity supplied of televisions is not very responsive to changes in price.
The answer is: 2. less elastic than supply in the market for televisions.
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Complete question:
Consider two markets: the market for smartphones and the market for televisions. The initial equilibrium for both markets is the same, with an equilibrium price of $800 and an equilibrium quantity of 1,000. When the price increases to $1,200, the quantity supplied of smartphones is 1,500, and the quantity supplied of televisions is 800. For simplicity of analysis, assume that the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for televisions. Please round to two decimal places.
Supply in the market for smartphones is
the same elasticity as supply in the market for televisions.less elastic than supply in the market for televisions.There is not enough information to tell which has a higher elasticity.more elastic than supply in the market for televisions.A large part of marketing includes ways of determining what people really want.
True
False
Answers
Answer:
true
Explanation:
based on my opinion
What are the advantages of Ethics Idol as an ethics training communication medium over in-per-son PowerPoint training? Would you enjoy this type of training program? Why or why not? Can you think of other ways ethics and corporate social responsibility information could be communicated in an engaging way?
Answers
Answer:
Not like a PowerPoint presentation which is an alternative repetitive and monotonous workout, Ethics Idol is designed to give unique and new moral conditions covering a wide range of subjects, and personnel is required to actively take part inside the system of appropriate responses to the said moral situations.
•The employees find the moral Idol extra entertaining and...
The term market structure refers to Question options: the theoretical characteristics of firms in the same industry the nature and degree of competition among firms in the same industry. the theoretical characteristics of firms in different industries. the profit-maximizing behavior of firms that use marginal analysis.
Answers
The term market structure refers to the nature and degree of competition among firms in the same industry.
What is a market structure?A market structure is used to define the competition of the different buyers and sellers in the market, the products being sold, and the terms of entry and exit for buyers and sellers and such other factors.
A market structure of an economy is generally of four types,
Perfect CompetitionMonopolyOligopolyMonopolistic CompetitionHence, option B holds true regarding the market structure.
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Question #2
Maple Choice
Markets for individuals looking to buy products or services for personal or household use are called
O consumer markets
O industrial markets
O markets
O none of the above
Answers
Answer:
Industrial Market
Explanation:
Market owned called Market and the consumer markets are paying for the food
A share of common stock just paid a dividend of $1.00. If
the expected long-run growth rate for this stock is 5.4%, and
if investors' required rate of return is 9.2%, then what is the
stock price?
a.
$27.74
b. $25.80
c. $22.74
d. $33.84
e. $25.52
Answers
The stock price is $27.774.
The stock price can be determined using the Gordon constant dividend growth model. According to the model:
Stock price = DI / (r - g)
Where:
D1 = dividend in the next period = 1 x ( 1.054) = 1.054 r = required rate of return g = growth rate1.054 / (9.2 - 5.4)
1.054 / 3.8
1.054 / 0.038
= $27.74
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Apply the principals you learned about the 5 Cs to this situation. How did this improve McDonald's business. Is there a way for you to apply this in your own business or job?
Click on the link below:
McDonald's Gets It Right Links to an external site.
Main, K.(n.d.) A customer found a short note with their McDonald's delivery. It's a master class in marketing: The simple thing the fast-food giant got right that most get wrong. INC,
Answers
The 5 Cs in the business stand for Customers, Company, Collaborators, Competitors, and Context. The application of the 5 Cs is to offer a structure that can be employed to analyze the primary factors that impact an organization. In the context of McDonald's, the principles of the 5 Cs were applied to improve their business.
The first C is Customers: McDonald's gave the customers a reason to come back for more. McDonald's was the first restaurant to use the drive-thru service to save time, and this served to boost the company's revenues. The use of the drive-thru service provided consumers with a means to avoid queues and access fast food quicker, hence serving to attract more clients.
McDonald's also made efforts to enhance their services and provide healthier food options, which kept clients coming back for more
The second C is Company: McDonald's optimized its resources to boost the company's operations. The firm started using an IT system to manage its services, which provided an excellent platform to access information from different locations. This aided the company in implementing a consistent pricing strategy throughout all its branches and helped streamline its supply chain management processes.
Third C is Collaborators: McDonald's partnered with different organizations to enhance the quality of their products. McDonald's partnered with different firms such as Coca-Cola to supply the beverage products, which saved on cost and provided consumers with high-quality drinks.
The company also started partnering with different charitable organizations to engage in Corporate Social Responsibility (CSR) activities, which created a positive impact on society and helped promote the company's brand image.
Fourth C is Competitors: McDonald's conducted a competitive analysis to understand their market position. The company identified different competitors in the fast-food industry and came up with strategies to keep up with the competition.
For instance, McDonald's focused on enhancing their products and services, which kept clients coming back for more and also increased the company's revenues. Fifth C is Context: McDonald's also took into account the broader context in which the company operated.
The company considered the different laws and regulations that affected the fast-food industry and took steps to comply with them. The firm also took into account environmental factors such as climate change and came up with strategies to minimize its carbon footprint.
In conclusion, the application of the 5 Cs principles helped McDonald's improve its business by enhancing customer satisfaction, optimizing its resources, partnering with different firms, conducting a competitive analysis, and considering the broader context in which it operates.
This can be applied to other businesses or jobs to enhance their operations by considering the primary factors that impact their organization.
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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Higher levels of inventory investment and transportation costs can be incurred to reduce the cost of lost sales
True
False
Answers
Answer:
The given statement is true.
Explanation:
This statement is true that a high level of inventory investment and transportation costs helps reduce lost sales costs. The expenditure incurred on inventory investment provides more information about their inventory, allowing managers to control lost goods.
The cost of transportation becomes easier to control, the cost incurred on transportation costs ensures that the goods are minimally damaged during transportation, thus reducing the cost of lost sales.
DESCRIBE THE FUNCTIONS OF
PRELIMINARY DATA GATHERING?
Answers
Preliminary data gathering involves collecting and analyzing relevant information to establish a foundation for research or decision-making, including identifying objectives, assessing data availability, etc.
What are the Functions of Preliminary Data Gathering?Preliminary data gathering encompasses the initial acquisition and evaluation of pertinent information, serving as a basis for research or decision-making. It aids in defining project scope, goals, and needs, while also assessing data availability and quality.
This stage assists researchers and decision-makers in gaining insights, assessing project feasibility, recognizing potential obstacles, and formulating a strategic plan for subsequent data collection and analysis.
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Today’s entrepreneurs are taking advantage of the opportunity to meet changing needs in the marketplace. Examples include cleanup of radioactive and industrial waste, disposal of outdated computers and office equipment, and women-friendly tool kits for home improvement. How does this opportunity demonstrate awareness of the marketplace? Do you anticipate that the market will be increasing or decreasing?
Answers
The opportunity for entrepreneurs to meet changing needs in the marketplace, such as cleanup of radioactive and industrial waste, disposal of outdated computers and office equipment, and women-friendly tool kits for home improvement, demonstrates their awareness of the evolving demands and preferences of consumers.
By identifying these specific needs and developing solutions to address them, entrepreneurs show their understanding of the marketplace and the potential for profitable ventures.
They recognize that there is a demand for environmentally-friendly waste management services, responsible disposal of electronic devices, and products tailored to the needs of women engaging in home improvement projects. This awareness enables them to capitalize on these opportunities and cater to niche markets.
Regarding the future trajectory of the market, it is important to note that predictions can be influenced by various factors and are subject to change. However, based on the information provided, it seems likely that the market for these types of services and products may increase or remain stable in the near future.
Concerns about environmental sustainability, regulations on waste management, and the increasing focus on inclusivity and gender equality suggest a continued need for solutions in these areas. As long as these needs persist and evolve, entrepreneurs who are able to offer innovative and effective solutions are likely to find opportunities for growth and success in the market.
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Paul is the HR manager at FloGlow Inc., which is preparing for the launch of a new product line. The company needs to know how many new customer service representatives to add to help customers with questions and concerns about the existing and new products. To guide the company, Paul needs information about the number of employees currently providing customer service, the number likely to be in those jobs next year, and the number expected to move to other positions in the organization. The information will be easier to organize and interpret if Paul uses a(n)
Answers
Answer:
transitional matrix.
Explanation:
transitional matrix allows to have
probabilities with more than one states moving from one to another. With transitional matrix, prediction can be made as well as the followed trend of events.it can be regarded as stochastic matrix.
In the case whereby Paul, needs information about the number of employees currently providing customer service, the number likely to be in those jobs next year, and the number expected to move to other positions in the organization, it will be easier to organize and interpret all these information if Paul uses transitional matrix because there are different states of information here, and he needs to move from one to the other.
Has the death of the watch been greatly exaggerated? Apple gets into the game
CS 5.1
Discuss the possible reasons to buy a watch today. Connect each motivation you identify with an appropriate motivational theory from the chapter.
CS 5.2
What does Apple really believe will motivate consumers to purchase the Apple Watch? Are there different motivations at the low versus high (luxury version) price point?
CS 5.3
How do marketers of watches use marketing and advertising to motivate consumers to buy them? Give specific examples.
Answers
Although we do not have access to the chapter, we can provide a generalized answer in that people can still be motivated to buy watches today as an accessory from a fashion standpoint.
What are some motivations today for purchasing a watch?In this digital age, watches are no longer purchased mainly for their functional aspects given that smartphones can more than suffice. However, as all marketing for watches will prove, the principal motivation for watches today is fashion. Watches now serve as an accessory to complete any outfit, and as is the case with diamonds, a more expensive watch will occupy the role of a lucrative accessory, drawing the desired attention.
Therefore, we can confirm that people can still be motivated to buy watches today as an accessory from a fashion standpoint.
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In Section 3.4, the text discusses the “Top 5 Challenge Trends” and “Top 5 Solution Trends.” Select one challenge and one solution trend which you believe is most applicable to Coke’s situation today. Describe how these trends apply to Coke. In Section 3.3, read about the five building blocks of a Learning Organization. Which one of the five building blocks should Coke focus on to capitalize on the trends you selected. Why?
Answers
The challenges that Coca-Cola is facing are due to less quality water and the availability of the material for making the bottles.
From the complete information, it was stated that maintaining high-quality water and the maintenance of taste is essential to create quality drinks.
The challenges that were depicted are due to less quality water and the availability of raw materials. Also, there are challenges for increasing concern for the environment, faster pace of innovation, etc.
The solutions to the challenges include increasing collaboration, protection of the environment, energy sustainability, etc. It's also vital for individuals to be advised about the usage of water.
In conclusion, the building block that Coke should focus on to capitalize on the trend is systematic problem-solving.
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what is marketing shortly
Answers
As of June 30, Year 1, the bank statement showed an ending balance of $17,616. The unadjusted Cash account balance was $16,893. The following information is available: 1. Deposit in transit, $2,785. 2. Credit memo in bank statement for interest earned in June, $10. 3. Outstanding check, $3,504. 4. Debit memo for service charge. $6. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information, (Negative amounts should be indicated with minus sign.)
Bank Reconciliation
Unadjusted bank balance 6/30/Year 1
True cash balance 6/30/Year 1
Unadjusted book balance 6/30/Year 1
True cash balance 6/30/Year 1
Answers
Answer:
cash account reconciliation:
cash account balance $16,893
+ earned interest $10
- bank fees ($6)
reconciled cash account $16,897
bank account reconciliation:
bank account balance $17,616
+ deposits in transit $2,785
- outstanding check ($3,504)
reconciled bank account $16,897
After the accounts have been reconciled, both must have the same balance. If not, then you must check your answer and recalculate until both match.
How often should a business prove cash?
O A. as often as necessary
OB. only once a year
OC. only once a month
D. only after a bank reconciliation
Answers
Answer:The answer is A
Explanation:
6:00 PM If the contract is "mixed," the governing law (UCC or common law) is determined by: Multiple Choice a. Article 6. b. whether there was liability relating to a negotiable instrument.c. whether services were performed. d. the predominant factor. 6:00 PM
Answers
If the contract is "mixed," meaning it involves both the sale of goods and the performance of services, the governing law (UCC or common law) is determined by the predominant factor. This means that whichever aspect of the contract is the main focus or primary purpose will determine the governing law. The correct option is d.
For example, if the contract involves the sale of a computer and also includes installation and setup services, but the primary purpose of the contract is the sale of the computer, then the UCC (Uniform Commercial Code) would be the governing law.
On the other hand, if the primary purpose of the contract is the performance of services, then common law would be the governing law. The determination of the governing law is important because the UCC and common law have different rules and requirements for contracts, such as the statute of frauds, warranties, and remedies for breach of contract.
Therefore, it is important to understand which law governs the contract in order to properly interpret and enforce its terms. It is not determined by Article 6 or liability relating to a negotiable instrument, but rather by the predominant factor in the contract. The correct option is d.
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Holton is a manager at a small restaurant.what can he do to ensure the workplace offers a safe environment for employees?
Answers
Answer:
Require all employees to wear slip resistant shoes.
Answer:
warn them of dangers around the kitchen, distribute panphlets than help the workers understand the risks, where to get help in case of an accident and make sure to contact their doctor or 911 as soon as the injury occurs to keep both boss and employee out of serious legal troubles
BREIFLY EXPAIN THE WEEKNESSES OF RSA INDUSTRAIL DEVELOPMENT ZONES
Answers
Answer:
Disadvantages
Revenue losses because of the various tax exemptions and incentives.
Many traders are interested in SEZ, so that they can acquire at cheap rates and create a land bank for themselves.
The number of units applying for settimg up EOU's is not commensurate to the number of applications for setting up SEZ's leading to a belief that this project may not match up to the expextions.
Hope it helps you.The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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Jenin recently purchased 100 shares of Tarifi's Optical common stock for $6,000. The stock is expected to provide an annual cash flow of dividends of $400 indefinitely. Assuming a discount rate of 8 percent, how does the price Jenin paid compare to the value of the stock?
Answers
Answer:
Since the present value of the perpetuity ($5,000) is less than the price that Jenin paid for the stocks ($6,000), we can conclude that she paid an excessively high price for them.
Explanation:
Jenin invested $6,000 in stocks that yield a perpetual dividend. In order to compare if Jenin made a good deal we must find the present value of the perpetuity:
present value = annual cash flow / discount rate = $400 / 8% = $5,000
Since the present value of the perpetuity is less than the price that Jenin paid for the stocks, we can conclude that she paid an excessively high price for them.
We conclude that this stock is overpriced and it was purchased at a premium.
Total number of shares Bought = 100 shares
100 shares were purchased at the rate of $6000
The rate of discount is = 8 percent = 0.08
Cash flow = 400 dollars
To get the theoretical value of these 100 shares
Value = cash flow ÷ discount
= 400 ÷ 0.08
= $5000
Therefore the 6000 dollars that was paid to get the 100 shares is more than the calculated theoretical value of 5000.. We conclude that this stock is overpriced and it was purchased at a premium.
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practice setting goals for various aspects of your personal life such as academics career preparation family hobbie. set at least two short term goals and at least two Long term goals for each area for these goals that you have set write out plans for achieving those goals.think in terms of what you will have to do to accomplish each
Answers
Certainly, setting goals is an essential practice to achieve success and satisfaction in various aspects of personal life.
Academics:
Short-term goals:
Attend all classes and complete assignments on time.Improve my grade in a specific course by studying regularly. Plan to achieve short-term goals:
Create a daily study schedule and allocate time for reading, writing, and reviewing notes.Seek help from a tutor or professor for difficult concepts.
Long-term goals: Achieve a high GPA to qualify for graduate school. Get accepted into my desired graduate program. Plan to achieve long-term goals: Take challenging courses and attend workshops or seminars to improve academic skills.Research graduate programs and their admission requirements, and prepare for standardized tests if necessary.
Career Preparation:
Short-term goals: Update my resume and cover letter for job applications.Attend a networking event and meet new people in my industry. Plan to achieve short-term goals:Research the latest trends in resume and cover letter writing, and tailor them to specific job applications. Prepare a pitch and networking strategy in advance.
Long-term goals:
Secure a job in my preferred industry and position. Develop new skills and advance in my career.Plan to achieve long-term goals:Attend career fairs, conferences, and other industry events to network and learn about job opportunities.Take online courses or certifications to acquire new skills and knowledge.Seek mentorship or coaching from experienced professionals.
Family:
Short-term goals:Plan a weekend outing with my family.Call or video with a family member living in a different city or country.Plan to achieve short-term goals: Discuss with family members and decide on a fun activity that everyone can enjoy.Schedule a specific time for calling or video chatting, and set reminders if necessary.
Long-term goals:
Spend more quality time with family on a regular basis.Plan and save for a family vacation in the next year.Plan to achieve long-term goals:Create a family calendar or schedule to plan and prioritize events and activities.Set aside a specific amount of money each month for family vacations or other activities.
Hobbies:
Short-term goals:
Practice a new hobby for at least one hour each day.Learn a new technique or skill in my hobby.Plan to achieve short-term goals:Schedule a specific time each day for practicing or learning, and avoid distractions. Research online tutorials or courses, and follow step-by-step instructions.
Long-term goals:
Master a specific hobby and showcase my work publicly.Incorporate my hobby into my career or business.Plan to achieve long-term goals:Attend workshops or conferences to learn from experts and connect with like-minded individuals.Create a portfolio or online gallery to showcase my best work and promote my hobby.
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briefly explain how the decision support system resolved the problems experienced by the railways
Answers
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
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differentiate personal protective equipment forn protective clothing?
Answers
Answer:
Personal protective equipment is protective clothing , helmats , goggles or other garments or equipment designed to protect the wearer's body from injury or infection.
who would win in a death battle reverse flash vs doctor doom.
when at their peak and no preptime.
Answers
Answer:
dr.doom because all versions of flash require a suit but with no prep time he could not put it on and he would burn up
Explanation:
Identify a company that could benefit from better use of social media.
Answers
4.3 List two types of capital.
Answers
Answer:
financial and human
The four-firm concentration ratio of the aircraft industry is over 80 percent. Most economists would consider this industry an oligopoly.
a) true
b) false
Answers
Answer:
true
Explanation:
It is true that the four-firm concentration ratio of the aircraft industry is over 80 percent. Most economists would consider this industry an oligopoly.
What is oligopoly?An oligopoly is a market structure in which a few firms dominate the market, often due to high entry barriers.
The statement "The four-firm concentration ratio of the aircraft industry is over 80%" is supported by data.
According to the US Department of Justice, the four-firm concentration ratio for the US aircraft industry was 85.6% in 2017, implying that the top four firms accounted for more than 85% of market share.
This level of concentration is typically associated with an oligopoly, a market structure in which a few large firms dominate the industry.
Thus, the statement "Most economists would consider this industry to be an oligopoly" is true.
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obanga is a resident of bishoftu town which is found 47km south east of addis ababa.once while obanga was visiting his finance in addis ababa he got bokassa ,who is a good mechanical engineer. obanga told to bokassa that his car was seriously damaged and parked in adama and he had been looking for an engineer. bokassa offered to repair the car for birr 10.000 provided spare part expenses are covered by obanga.obanga happily accepted offer. however they did not talk about placce of performance.bokassa has garage business in addis ababa only
Answers
The issue of the place of performance needs to be resolved before the repair job can proceed. This is an important aspect of the agreement that needs to be agreed upon by both parties. I
The issue at hand is the place of performance for the car repair job that Bokassa offered to do for Obanga. While Bokassa has a garage business in Addis Ababa, Obanga's car is parked in Adama, which is quite a distance from Bokassa's garage. It is not clear whether Bokassa will have to travel to Adama to perform the repair job or whether Obanga will have to tow the car all the way to Addis Ababa.
It is important to note that the terms of their agreement did not specify the place of performance. In contract law, this is a crucial element that needs to be agreed upon by both parties. In the absence of a specific agreement on the place of performance, the default rule is that the performance should be done at the place where the contract was made, which in this case is Addis Ababa.
However, in this situation, it might be impractical for Obanga to tow his car all the way to Addis Ababa. It might also be costly and time-consuming for Bokassa to travel to Adama to perform the repair job.
Therefore, the best course of action would be for Obanga and Bokassa to have a discussion and come to a mutual agreement on the place of performance that would be convenient for both parties.
In conclusion, t is always better to clarify the terms of a contract before proceeding to avoid any misunderstandings or disputes that may arise in the future.
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