As a general rule, an illegal contract is automatically void, so neither party may enforce it against the other.
What is Illegal contract ?A contract is illegal if it involves doing something that is a criminal act or a civil wrong, or against the public good.
An Illegal contract or agreement is a contraction in terms when a contract is a legal obligation, illegal contract is viewed as a contradiction in terms.
An Illegal contract is called a contradiction for the following reasons listed below:
When a contract has a term that is obligatory, it is called a legal contract.
According to the rules of terms, when a contract is not done legally, it is considered an illegal contract. On the common law of a contract or agreement, when a court does not apply or impose in any case or otherwise for a contract, it is seen as illegal.
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How does strategic planning influence day-to-day business operations? why is it important for systems analysts to understand a company’s strategic plan?
Strategic planning is the art of developing specific business strategies, putting them into action, and evaluating the results in relation to a company's overall long-term goals or desires. Strategic planning is the art of understanding the strategic plan, which are the long-term goals for a company.
It is a theory that concentrates on integrating different corporate divisions to help a company achieve its strategic goals. The terms "strategic planning" and "strategic management" are nearly synonymous.
The idea of strategic planning first gained popularity in the 1950s and 1960s and it remained prominent in the business sector into the 1980s.
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____________occurs when you terminate one contractual obligation and substitute a new one for it.
Novation occurs when you terminate one contractual obligation and replaced a new one for it. Novation is the replacement of one of the parties in a two-party agreement with the consent of the other two parties. To novate is to take on a new commitment in place of an old one.
For instance, a supplier looking to part ways with a commercial client might identify a replacement. The contract may be annulled and replaced, with the sole exception of the supplier's name, if all three parties concur. All rights and duties under the contract are transferred to the new supplier by the outgoing supplier.
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Added to the index of the adjustable rate is a margin, which is the lender’s "markup." for standard adjustable rate mortgage (arm) loans, the typical industry margin is:_______
For standard adjustable rate mortgage (arm) loans, the typical industry margin is 1% to 3%.
The lender also determines a margin that will be applied to the index rate when making an adjustable-rate loan. The margin includes a profit for the lender as well as paying the lender's overhead costs. On a typical ARM, the lender's margin could range from 1% to 3%.
Although it's possible to locate loans with margin levels above or below those restrictions, the usual adjustable-rate mortgage (ARM) margin can range from 2% to 3%.
The majority of the interest that a borrower pays on their loan is often covered by the ARM margin. The fully indexed interest rate that the borrower pays on the loan is established by adding it to the index rate that is stated for the product. The loan's credit agreement terms specify the indexed rate and ARM margin.
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A company employing a _______ strategy would create a new product targeted to its current customers.
A company employing a product development strategy would create a new product targeted to its current customers.
What is New Product Development ?
You can get the people in your division to come up with ideas for new products by following the given things mainly which revolves around reinforcing the novel ideas:
As employees have direct contact with the customers so they have the better ideas about the customers needs and wants.Employees are well aware of the changing trends so they should be encourage to come up with the new and novel ideas for the new products.Ideas can come from any where, from any level of the organization so each and every single employee should be motivated to participate in idea generation activities.The importance of doing customer research is to have a drive for new product development. A research can be effective in pointing out consumer trends and fads, as well as opening a direct customer communication channel that feels prestigious for having its requests valued by a company. Through concrete data of potential customers and new customers, an organization has the ability to meet the actual demand of potential customers and make possible adjustments to the production process.
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Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as
Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as Appurtenances.
What Is Appurtenance?
In real estate, an appurtenance is something that is installed in or sits on a property. It is something that is considered a part of the property, is sold with the property, and it is passed on to the new owners.
When we talk about appurtenances we are often talking about things that run with the land. Appurtenance originates from the word 'appertain,' which means to relate to, be appropriate, or applicable.
Before defining appurtenance,
What is Real Property ?In real estate, real property is defined as immovable or fixed property, any property attached to the land and even the land itself. This also includes permanent fixtures within the property, that are not personal property and easily moved.
Some common examples:
Exterior buildings (e.g., barn, shed)a fence.Inground pools.hot water heater.Ceiling fans.Window blinds (if installed).Fixtures (excluding trade fixtures).Cabinetry.Furnace.Existing crops.Oil or mineral rights.A shared driveway (with attached easement appurtenant).a tree.Water rights (given to an adjoining property).in-ground swimming pools.Easements.Appurtenances are important to understand as they can have an effect on landlord and tenant relations as well as that between buyer and seller.
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A firm can repurchase its shares in all of the following ways except through: a targeted repurchase. open market purchases. a tender offer. a reverse stock split. a Dutch auction.
A firm can repurchase its shares in all of the following ways except through a reverse stock split.
What is a Reverse stock split?In the world of finance, a reverse stock split, often known as a reverse split, is the act of effectively combining shares of corporate stock into a smaller number of shares that are proportionally more valuable.Another name for a reverse stock split is a stock merger. The term "reverse stock split" refers to the more widespread stock split, in which shares are essentially divided to create a greater number of shares that are proportionately less valued.To decrease the number of stockholders, a reverse stock split may be employed. Any shareholder with fewer than 100 shares would simply receive a cash settlement if a corporation carried out a reverse split in which one new share was issued for every 100 old shares.
Hence, A firm cannot repurchase its shares through a reverse stock split.
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A buyer contracts to purchase a property from a seller for $212,000. Two weeks before closing, a buyer's agent for another company delivers an offer for $205,000. The listing associate should
The listing associate should present the offer to the seller as a potential backup offer for further negotiation.
Who is a seller?A seller is any person or company who sells a product, service, or financial asset. Short selling is the practice of borrowing securities that are not held in order to sell them and then repurchase them at a reduced price. A "writer" is a seller of options who collects the premium from the buyer.What is an offer?In exchange for something else, a commitment to do or refrain from doing something. An offer must be worded and delivered in such a way that a reasonable person would expect its acceptance to result in a binding contract.Therefore, the listing associate should present the offer to the seller as a potential backup offer for further negotiation.
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After a few years of work in the marketing department of a small firm, you are placed in charge of the firm’s inbound marketing. what are you most likely to be in charge of?
Ensuring that customers can locate the business when looking for details on products and services. A service is an intangible good that results from the labor of one or more people, whereas a product is a tangible good that is placed on market for purchase, consideration, or consumption.
Automobiles, home products, and apparel are a few examples of goods. Legal counsel, housekeeping, and consulting services are examples of services. A business's production can fall wherever in the middle of these two ideas. A landscaping business might, for instance, sell a homeowner a tree and also mow the yard (a service).
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Say the stock closed at $102 at expiration and the option was assigned. What would be your effective cost per share for your shares of XYZ
The cost per share is the price of a single share of the equity shares of a company.
What is cost per share?The cost per share simply means the market value of an asset which is divided by the total number of shares that are issued.
It should be noted that the cost per share represents a fractional value of the overall asset value.
Let's say and asset is worth $1,000,000 and.is divided into 10000 shares. Then, the cost per share will be:
= $1,000,000/10000
= $10 per share.
Note that the complete information wasn't found and an overview was given.
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The starting point for preparing the operating activities section using the indirect method is ______. Multiple choice question. current liabilities current assets ending cash balance net income
Net income serves as the beginning point for the indirect technique of preparing the operating activities section.
What does "net income" mean?Net income is the amount of money left over after all costs, such as salaries and wages, the cost of commodities or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions.
How is net income demonstrated?Operating income for the business was $23,000 after operating costs of $12,500. After deducting interest expense of $1,500 and adding interest income of $1,700, ABYZ arrived at a net income before taxes of $23,200.
What is net income post-tax?A person's income after taxes and deductions is referred to as their net income.
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China decides to build an aircraft carrier. what is the opportunity cost of the aircraft carrier?
The opportunity cost of the aircraft carrier is the cost of the next best option China forgoes in order to build the aircraft carrier.
What is the opportunity cost?
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as implicit cost. Opportunity cost is used in calculating implicit cost.
For example, if in deciding to build the aircraft carrier, China forgoes the opportunity to repair all the roads in china. Repairing all the roads in China is the opportunity cost.
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In a monopolistically competitive industry, when a business faces a ________ demand curve, it will choose a combination of quantity and ________ to maximize its profit.
In a monopolistically competitive industry, when a business faces a downward sloping demand curve, it will choose a combination of quantity and price to maximize its profit.
What is monopolistically competitive industry?A monopolistically competitive industry can be defined as the industry that are competitive and have many companies that sell products that are similar in which the product on the other hand are not perfect substitutes.
Hence, in a situation where a business faces a downward sloping demand curve, this means that the business will tent to go for a combination of quantity with price so as to maximize its profit.
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By May 25, 1986 every employer must have available for their employees a(n) __________ which meets criteria of the standard for each hazardous chemical in the work place
Safety data sheets are the source of detailed information on a particular hazardous chemical. Employers must maintain copies of SDSs for all hazardous chemicals present in their workplaces.
The Hazard Communication Standard (HCS), 29 CFR 1910.1200 (h), requires all employers to provide information and training to their employees about the hazardous chemicals to which they may be exposed at the time of their initial assignment and whenever a new hazard is introduced into their work area.
Under the Occupational Safety and Health Administration Hazard Communication Standard 29 CFR 1926.59 (29CFR 1910.1200), we are required to obtain and maintain MSDSs for all hazardous substances used in our organization.
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A defendant is on trial for tax evasion. The prosecutor, seeking to establish the defendant's income by showing his expenditures, has asked the defendant's attorney to produce records showing only how much the defendant had paid his attorney in fees. Should the demand for the attorney's fee records be upheld
Yes, the demand for the attorney's fee record should be upheld because it calls for relevant information, not within the attorney-client privilege. (Evidence-Privileges and Other Policy Exclusions)
Who is the defendant?This is known to be a person complained against in a case, and accused of a crime.
Who is a prosecutor?This is an attorney, mostly a government attorney who charges and tries cases against individuals accused of crime.
Hence, evidence privilege is information that is relevant to the issue at trial, but is protected from being introduced or compelled by the opposing party.
Usually the reason for this protection relates to public policy, such as protecting the trust between spouses or the privacy of a patient consulting their doctor.
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A buyer's gross income is $90,000 per year. She pays $300 for a car loan and $200 for her student loan. When she applies for a mortgage the bank requires a maximum debt-to-income ratio of 36% on all debt, and a maximum 28% debt-to-income ratio for housing debt. What is the maximum monthly house payment the bank will approve
Based on the buyer's gross income, her car and student loan payments, and the maximum debt-to-income ratio, the maximum monthly house payment that the bank will approve is $2,100.
What amount will the bank approve?The maximum debt-to-income ratio for housing the bank will approve is 28% which is:
= (90,000 / 12 months) x 28%
=$2,100
The maximum debt-to-income ratio is 36%:
= (90,000 / 12 months) x 36%
= $2,700
Allowance for debt:
= 2,700 - 300 - 200
= $2,200
There is therefore enough space to take on the maximum debt-to-income ratio for housing so the amount of $2,100 will be approved.
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Business owner robert should use ________ schedules of reinforcement to keep his employees mentally alert and interested.
A) regularB) formalC) continuousD) intermittent
Robert should use intermittent schedules of reinforcement to keep his employees mentally alert and interested. The procedure of learning through association to increase or decrease voluntary behavior using punishment and reinforcement is known as operant conditioning.
Reinforcement schedules are the rules that govern the timing and frequency of reinforcer delivery in order to increase the likelihood that a target behavior will occur again, strengthen, or continue. A contingency timetable is one that includes reinforcement. While intermittent schedules provide reinforcers.
After some but not all correct replies, intermittent schedules apply reinforcement after each correct response, or none at all. Reinforcers are only used after the target behavior has occurred, so reinforcement is conditional on the desired behavior.
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What amount should halloran report for accounts receivable, before allowances, at december 31, 2021?
The amount is $970,000. Amount of money owed to a business for delivered or used but unpaid goods or services is known as accounts receivable . The balance sheet classifies accounts receivable as a current asset. Accounts receivable is the term used to describe any unpaid invoices or cash that customers owe a business.
Term describes accounts that a company is entitled to since it has provided a good or service. Receivables, also known as accounts receivable, are a company's line of credit that often have terms that call for amount to be made within reasonably short period of time.
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What types of issues should be agreed upon at the first level supervisor level and which ones do you think need to be elevated?
The issues of training, absenteeism , productivity and morale should be agreed upon at the first level of supervisors.
The first line supervisor can manage concerns like as training, absenteeism, productivity, and morale . With the growth of unions, hiring and firing have grown increasingly difficult for first-line supervisors to handle. Hiring and, more crucially, dismissal should be prioritized to avoid disputes. Disciplinary action is often handled by first line supervision in a non-union context. It should be elevated in a union setting. Elevation would guarantee that all of the ducks are in a row to avoid a complaint and save the company money on any monetary settlements.
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An international retail food company coordinates its consistent strategic marketing message for a new sandwich through marketing tools such as sales promotions, digital marketing, advertising, and public relations campaigns. What impact could the coordination of that message have on the company’s target market?.
Answer:
DT-19 I will call u later in evening and good night sweet dream take care and have fun in that
Aperture Science relies on its employees to provide innovative ideas for new educational products. To foster intrinsic motivation in its workforce, Aperture Science should
To foster intrinsic motivation in its workforce, Aperture Science should give employees a "free day" every two weeks to pursue ideas for new educational toys.
What is intrinsic motivation?Behavior that is motivated by internal rewards is referred to as intrinsic motivation. In other words, you are motivated to act in a certain way because it makes you feel good inside. Compare this to extrinsic motivation, which entails acting in a certain way to obtain benefits from outside sources or avoid punishment. You are operating out of intrinsic motivation if you are reading this article because you are interested in psychology and just want to learn more about the subject of motivation. However, you might be reading this because you need to study for a class and don't want to get a failing mark. If so, extrinsic motivation is driving your actions.Many businesses encourage their employees by allowing them free time to pursue their interests. Making time for enjoyable tasks has been proved to increase employees' feelings of autonomy and to be a fantastic source of invention.
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The direct labor rate variance is the difference between the a.actual costs and the actual hours at the standard rate b.actual hours at the standard rate and the standard costs c.actual rate and the standard rate d.actual costs and the standard costs
The correct option is: a) actual costs and the actual hours at the standard rate
The direct labor rate variance is the difference between the actual costs and the actual hours at the standard rate.
Fundamentals of Direct Labor VariancesThe direct labor variance gauges the firm's effectiveness in both using labor and setting labor prices. The direct labor rate variance and the direct labor time variance are the two parts of a labor variance
Variation in direct labor rates
The difference between the actual and average direct labor rates for the hours worked is known as the direct labor rate variance.
The following formula is used to compute the direct labor rate variance:
Because of increased production efficiencies, negligence or inefficiencies in production, or inaccurate estimation when establishing the standard usage, the actual hours used may differ from the standard hours.
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As a human resources manager, chlorinda is responsible for allocating employees where they are needed to accomplish objectives. This entails the ________ function of management
As a human resources manager, Chlorinda is responsible for allocating employees where they are needed to accomplish objectives. This entails the performance function of management.
A company or an organization's human resources manager is usually responsible for creating, putting into effect and overseeing policies governing workers.
A human resource manager performs certain roles such as performance management, training and development, HR planning, as well as translating business strategies into action, which directly leads to increase employees and organizational efficiency and achieve business objectives.
Hence, Chlorinda as a human resources manager, is responsible for the the performance function of management in a company.
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What is the best definition of the circular flow of income? the wages that workers earn from doing their jobs the exchange of money between firms and households the money that consumers spend on goods and services the influence of the government in a mixed-market economy
The best definition of the circular flow of income is the exchange of money between firms and households.
The Circular Flow Model: What Is It?
The circular flow model shows the flow of money in society. Money is sent back and forth between producers and employees in the form of wages and payments for goods. An economy is essentially an unending circle of money flow.
The model is constructed in this manner, but actual cash flows are more intricate. To more accurately represent the complex modern economies, economists have included more variables. These elements make up a country's national income or gross domestic product (GDP). The cyclic flow of income model is another name for the model because of this.
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What is the correct function for the national center for missing & exploited children (ncmec)?
The main function of the National Center for Missing & Exploited Children (NCMEC) is to facilitate the identification of children and their reunification.
The family reunion is accepted as a reason for immigration in many countries. This is because if she has one or more family members in a particular country, only the remaining members of the separated family or certain family members can move to that country.
Family reunification in youth welfare refers to the process by which children in a foster family return to their real parents. Reunion with foster parents is a common goal and most common outcome for children in Foster Care.
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__ is the automated process of sending personalized and relevant content to prospects to build their trust, making it more likely that they will eventually make a purchase.
Lead nurturing is the automated process of sending personalized and relevant content to prospects to build their trust, making it more likely that they will eventually make a purchase.
Lead nurturing is the process of establishing and upholding connections with clients at every stage of their customer journey, typically via marketing and communications messages.
Software is used in automated lead nurturing to send messages in response to consumer activity or pre-set schedules.
Automation solutions also notify marketers of consumer queries and comments that require responses, as listening to potential customers and answering their inquiries are essential components of nurturing leads.
A program for lead nurturing that is effective concentrates marketing and communication efforts on listening to prospects' needs and meeting those needs by:
Develop trustamplify brand awarenessKeep in touch with prospects until they are prepared to make a purchase.Hence, Lead nurturing is the automated process of sending personalized and relevant content to prospects to build their trust, making it more likely that they will eventually make a purchase.
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An investment project for which the net present value is $300 would result in which of the following conclusions
The following conclusions are the investment project returns are greater than the required returns.
Investment can refer to any mechanism used to generate future income. This includes, among others, the purchase of bonds, stocks, or real estate. Additionally, buying real estate that can be used to produce goods can be considered an investment.
Public investment refers to government spending on economic infrastructures such as airports, roads, railways, water and sewerage, public electricity and gas supplies, telecommunications, and social infrastructures such as schools, hospitals, and prisons (IMF, 2015).
Simply put, investing works when you buy assets at a low price and sell them at a high price. In this type of investment project, return is known as a capital gain. Selling assets for a profit for a return or capital gain is one way to make money with your investments.
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An Investment Project For Which The Net Present Value Is $300 Would Result In Which Of The Following Conclusions? The Net Present Value Is Too Small; The Project Should Be Rejected. The Net Present Value Method Is Not
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An investment project for which the net present value is $300 would result in which of the following conclusions?
The net present value is too small; the project should be rejected.
The net present value method is not suitable for evaluating this project; the internal rate of return method should be used.
The rate of return of the investment project is greater than the required rate of return.
The investment project should only be accepted if the net present value is zero; a positive net present value indicates an error in the estimates associated with the analysis of this investment.
What is a strength and how is it different from a trait or a skill? what is the strength equation?
Strength is the quality of a person of being physically strong, also the strength can be that a thing is able to bear a forceful pressure.
What is a Skill?A skill is the ability of doing something, a person knows how to write this is a skill but a person who can write well is a well skilled writer but the other also have this skill.
A Trait is a quality or a characteristic that a person have this trait is genetic. A person of all traits is the person born with many qualities, also the traits can be learned more and enhanced.
The equation of strength is
Compressive strength = Force / Initial cross sectional surface area.
Skills and traits of a person can be developed and enhanced as per the liking of the person, a person can have better quality of skill in the field of interest.
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Low P/E stocks are generally associated with a. mature companies. b. cyclical companies. c. young fast-growing companies. d. defensive companies.
Low P/E stocks are generally associated with mature companies, so a) is the correct alternative.
What Is a Price-to-Earning (P/E) Ratio?The P/E ratio is determined by dividing a stock's current share price by its EPS, typically for the previous 12 months (also known as the trailing 12 months) (TTM). The majority of P/E ratios for publicly traded firms represent the stock's current price in relation to its earnings over the preceding 12 months.
Are Low P/E Ratio Stocks Always Better?High price-to-earnings (P/E) ratio stocks may be excessively priced. The stocks with lower P/E ratios does not make better investments than those with higher ones. The complicated response is that it depends on the circumstance.
P/E ratios tend to differ from industry to industry, therefore it's critical to contrast businesses in the same sector and with comparable attributes.
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Mei-Ling is a college junior majoring in finance and economics. She is interested in applying for internships and plans to attend her next college job fair. She wants to purchase a business suit to wear to the job fair and at subsequent interviews. Mei-Ling wants to look her best and wear appropriate attire. Since making a first impression is important, Mei-Ling will likely take considerable time to visit stores and try on multiple suits before she makes her purchase decision. Mei-Ling has never purchased a suit before, and this is the first time she will buy an expensive item without her mother assisting in the decision. Which type of decision-making will Mei-Ling utilize in purchasing her suit
The type of decision-making that Mei-Ling utilize in purchasing her suit is an extensive decision making.
What is extensive decision making?It should be noted that an extensive decision making implies a long process of deliberation when making a decision regarding purchases.
In this case, the type of decision-making that Mei-Ling utilize in purchasing her suit is an extensive decision making.
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_____is best described as the process of selling a prototype of a product in either a real or simulated market environment.
Answer: Test marketing
Explanation: