Answer:
reasonable care
Explanation:
From the question we are given an instance, whereby You are required to prepare, through education and ongoing study, to achieve and maintain your expertise in the industry in order to be able to competently represent the Buyer. This is an example of reasonable care.
Reasonable care can be regarded as degree of caution as well as attention which would be given to possible dangers by ordinarily prudent or rational person in similar circumstances. Instance of this is a first aider, which his duty is to care towards casualties so that he can exercise reasonable care as well as skill as regards providing first aid treatment.
A motorist from State A struck and injured a pedestrian in State B. The pedestrian, a State B resident, brought an action in a State B federal court against the State A motorist, seeking $100,000 in damages. The summons and complaint were served on a receptionist at the motorist's place of business in State A. State A's rules permit service of process in this manner, while State B's rules do not. If the motorist moves to dismiss the complaint on the basis of improper service of process, is the court likely to dismiss the action
Answer: C. No, because the federal rules permit service under the rules of the state in which service will be effected.
Explanation:
The case was filed in federal court so the rules regarding the service of the summons will be according to the rules of federal courts.
Rule 4 of the Federal Rules of Civil Procedure allows for the service of a summons to be based on the service rules of the state where the service is to be made. As the service was done in State A and State A allows service to be at defendant's place of business, proper procedure was followed and so the court will not dismiss the action.
ike started a calendar-year business on September 1st of this year by paying 12 months of rent on his shop at $650 per month. What is the maximum amount of rent that Mike can deduct this year under each type of accounting method
Answer:
$7800 under the cash method and $2600 under the accrual method
Explanation:
Calculation to determine the maximum amount of rent that Mike can deduct this year under each type of accounting method
UNDER THE CASH METHOD
Cash method=$650*12
Cash method=$7800
UNDER THE ACCRUAL METHOD
Accrual method =4 months*650
Accrual method =$2600
(September 1st to December 31st =4 months)
Therefore the maximum amount of rent that Mike can deduct this year under each type of accounting method is :$7800 under the cash method and $2600 under the accrual method
If denied a loan, which of the following changes to your application process will not increase your chances of approval when you re-apply? a. Apply for a larger loan amount. b. Increase your gross monthly income. c. Have a cosigner apply for the loan with you. d. Eliminate some of your debt before you re-apply. Please select the best answer from the choices provided A
Answer:
a. Apply for a larger loan amount.
Explanation:
In the case when the loan is re-applied after rejecting so if we applying for a larger loan should be rejected even quickly. As if the financial insitution found that the smaller amount loan is been rejected so application made for larger amount of loan should not be helped out for approve. Also there is proper tracking of loans with regard to the customer names
Hence, the option a is correct
Answer:
Apply for a larger loan
Explanation:
edge and quizlet 2021
If the supply of real balances is 300, and the gross domestic product is 90, then the equilibrium interest rate is
Suppose that the demand for real balances is (M / P)d = (5Y) - (20r). If the supply of real balances is 300, and the gross domestic product is 90, then the equilibrium interest rate is
Answer:
7.5
Explanation:
Given that (M / P)d = (5Y) - (20r).
Where supply of real balances is 300
The gross domestic product is 90
Hence we have 300 = (5Y) - (20r)
Therefore, we have 300 = (5×90) - (20r)
=> 300 = 450 - 20r
=> 20r = 450 - 300
=> 20r = 150
=> r = 150 ÷ 20
=> r = 7.5
Therefore, in this case, the correct answer to the question is that the equilibrium interest rate is 7.5
Because of vast differences between different regions, multinational corporations often use ______ departmentalization.
Answer:
geographic departmentalization.
Explanation:
It is correct to say that multinational corporations tend to use geographic departmentalization due to the large differences between different regions.
The geographic departmentalization corresponds to a strategy where a company uses a form of structure oriented to a region, that is, it allows the operationalization to be more effective in a region that has greater demand or needs a physical office to better and faster service its customers.
If a buyer's willingness to pay for a new Honda is $30,000 and she is able to actually buy it for $28,000, her consumer surplus is
Answer:
$2,000
Explanation:
Calculation to determine the consumer surplus
Consumer surplus=$30,000-$28,000
Consumer surplus=$2,000
Therefore consumer surplus is $2,000
Explain the relevance of opportunity cost for a travel firm in deciding how to use its
resources
Explanation:
Weighing opportunity costs allows the business to make the best possible decision. If, for instance, the company determines an alternative choice's opportunity cost is greater than what the company gains from its initial decision, the company can change its mind and pursue the alternative choice.
Third-Party Woes. Trudy owed Sam $40 for a book she purchased from him. Trudy mowed Betty's yard for $40 and agreed with Betty that Betty would pay Sam for the book. Sam is not initially aware of the agreement. Betty pays no one. Trudy also mowed Bob's yard for $40 in return for Bob's agreement to give the payment to Sally representing Trudy's birthday present to Sally. Bob later refuses to do so saying that promises to give gifts are not enforceable. He then moves out of town. Trudy tells both Sam and Sally that she is broke, that Sam needs to get his $40 for the book from Betty, and that Sally is owed $40 from Bob for her birthday present. Which of the following is the likely result if Sam sues Betty for the $40 that Trudy owes him for the book?
A. Sam will win.
B. Sam will lose because his only right of action is against Trudy.
C. Sam will lose because he was not aware of the assignment before the duties were completed.
D. Sam will win, but only if he can prove that Trudy has insufficient funds with which to pay him.
E. Sam will lose because the attempted delegation was against public policy.
Answer: B. Sam will lose because his only right of action is against Trudy.
Explanation:
Sam had no agreement with Betty to pay him for the book. His only agreement was with Trudy and so he has no right of action against Betty. Had Trudy made him a party to the transaction with Betty, then he would have had a right of action against Betty.
His only option is to go after Trudy as she will not be able to avoid paying him because she delegated the debt, especially as she didn't tell Sam about it.
Answer the following question on the basis of the information about the hypothetical economy of Nanawaiya. All figures are in the millions. Not in the labor force 45 Unemployed 7 Total population 45 Employed 95 Discouraged Workers 3 The labor force is __________ Group of answer choices
Answer:
102 million
Explanation:
Labor force is define as the sum of employed and unemployed in an economy.
Labor force = Employed+ Unemployed
Labor force = 95 million + 7 million
Labor force = 102 million
Which of the following ways is NOT
legitimate for terminating a contract?
A. Change of mind
B
Lapse
time
C. Performance
D. Breach
Answer:
A. Change of mind
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Generally, the three (3) legitimate reasons for which a contract may be terminated or discharged are;
I. Lapse of time.
II. Non-perfomance.
III. Breach of the contractual agreement.
However, a change of mind by either of the parties in a contract is not a legitimate way for terminating a contract because its duration or time period is yet to elapse.
Harold is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's success. As an attempt to dissuade Harold from complete cessation of work, the management of TickTock Watches provided Harold with reduced working hours and offered him the role of a mentor. In this scenario, the arrangement offered to Harold by TickTock Watches is _____. Group of answer choices phased retirement early retirement bridge retirement voluntary retirement
Answer:
phased retirement
Explanation:
From the question, we are informed about Harold who is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's success. As an attempt to dissuade Harold from complete cessation of work, the management of TickTock Watches provided Harold with reduced working hours and offered him the role of a mentor. In this scenario, the arrangement offered to Harold by TickTock Watches is phased retirement. Phased retirement can be regarded as range of employment arrangements that is been put in place, to give room to an employees that are already approaching retirement age so they can continue working in the firm with a reduced workload, so that t the end of the day they can experience a transition from full-time work into what is called full-time retirement. Phased retirement encompass pre-retirement as well as gradual reduction in work hours , it also contains post-retirement as regards pensioners that has wish to remain employed.
Gillette spent $300 million in advertising to introduce the MACH3 razor to consumers. Such expenditures are often made to stimulate __________ or desire for the product class, rather than for a specific brand, when there are no competitors with the same product.
Answer:
Primary demand
Explanation:
Demand for a product may be influenced by the company's brand name or based on the demand influenced by the product category. When demand is based on a particular product category rather than for a particular brand type, then we refer to this as primary demand. In the scenario above, the Gillette MACH3 is a particular product produced by Gillette, and the $300 million spent on its advert is for the product rather than to promote the Gillette brand. Hence, this advert spending on the MACH3 which is a particular category of gillete's product is spent to stimulate primary demand of product.
After managers have implemented a decision, they must determine whether it has accomplished the desired result, this is called ______.
Answer:
monitoring
Explanation:
Monitoring is an essential step in tracking the results of an organizational operation. When a decision is implemented in a company, it must be monitored through a systematic collection of data and information that allow the manager to analyze whether the decision is in accordance with the plan, whether the progress is being effective and whether the results are compatible with the planned, being able to make changes to the project if necessary, eliminate bottlenecks and continuously improve organizational operations, achieving greater quality and effectiveness.
A project is expected to generate annual revenues of $129,300, with variable costs of $72,400, and fixed costs of $18,900. The annual depreciation is $4,950 and the tax rate is 21 percent. What is the annual operating cash flow
Answer:
$42,950
Explanation:
Data and Calculations
Revenue $129,300
Less variable costs ($72,400)
Less fixed costs ($18,900)
add depreciation $4,950
Operating Cash flow $42,950
Thus
The annual operating cash flow $42,950.
Assuming all other factors remain constant, if fixed costs increase, then the break-even point will:
Answer:
Results are below.
Explanation:
To calculate the break-even point, the following formula is required:
Break-even point in units= fixed costs/ contribution margin per unit
Contribution margin per unit= selling price - unitary variable cost
If the fixed costs increase and the unitary contribution margin remains constant, the company would have to sell a larger amount of units to cover the fixed costs.
For example:
Fixed costs0= 120,000
Fixed costs 1= 140,000
Unitary contribution margin= 40
Break-even point in units= 120,000/40= 3,000
Break-even point in units= 140,000/40= 3,500
Which concept deals with giving employees the power to make commitments and use resources to accomplish the assigned tasks
Answer:
The concept of organizing is that which gives employees the right to use resources and make commitments
Setting personal goals, peer evaluations, and parental involvement are all components of what type of instructions?
A.
concrete
B.
essential
C.
manipulative
D.
individualized
Concrete instructions is the term for setting personal goals, peer evaluations, and parental involvement.
What is concrete instructions?This is type of instruction that is usually tailored by the teacher to meet the personal goals of the student.
In this type of instruction, the family of the student is usually involved and the peers of the students are all parts of the evaluation process.
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Answer:
concrete
Explanation:
what are the main functions of HR department
Answer:
Personnel administration.
Personnel recruitment and selection.
Compensation and incentive management.
Development of a positive work climate.
Employee performance evaluation.
Staff training and development.
Labour relations.
Occupational health and safety.
Explanation:
The functions of a human resources Department are numerous and diverse, as this team is responsible for managing a company's human capital to meet the established business objectives. The personnel department is key in any company, from attracting and retaining talent to guaranteeing the interests and well-being of employees.
Define what liquidity means by completing the following sentence. Liquidity refers to an asset which can be readily used to pay for current
Answer:
Liabilities
Explanation:
'Liquidity' is described as the 'asset's property of being able to be sold without affecting its value or the degree to which it can be easily converted into cash.' If the liquidity ratio of a company is high, then its ability to pay off its current liabilities is high as well. Therefore, the company can pay off the debtors with immediate effect and thus, it would be able to meet its short-term financial commitments. This is the key reason for people's high investments in the companies having a higher liquidity ratio as they analyze the debt paying capability of the company first.
Prior to recording adjusting entries, the office supplies account had a $360 debit balance. A count of the supplies showed $105 of unused supplies remaining. The required adjusting entry is
Answer:
debit Office Supplies Expense, $255; credit Office Supplies, $255.
Explanation:
Based on the information given the required Appropriate adjusting journal entry is:
Debit Office Supplies Expense $255
Credit Office Supplies $255
($360-$105)
Some sellers put specific limitations in the warranty to limit the effectiveness of a warranty. Such a denial or repudiation in an express warranty is known as:
Answer:
Disclaimer
Explanation:
Express warranties could be simply be described as the agreement which binds a seller and buyer during the purchase of a certain product. Express warranties usually gives buyers the opportunity to return the product to the seller if damaged within a specified period of tine. Express warranty usually has no borders. Tbe use of disclaimer is used by sellers in other to introduce clauses into an express warranty whereby certain terms and conditions are given before the warranty can be deemed as valid. These limitations inteoduced and are capable of voiding the express warranty is called a disclaimer.
An unmarried couple wants to buy a house and take title so that when one of them dies the deceased's share will go to the deceased's heirs. The form of ownership they should use when they purchase the house is
Answer:
tenancy in common
Explanation:
From the question we are given an instance, whereby An unmarried couple wants to buy a house and take title so that when one of them dies the deceased's share will go to the deceased's heirs. The form of ownership they should use when they purchase the house is tenancy in common.
Tenancy in common can be regarded as an arrangement involving two or more people sharing ownership rights as regards a property or parcel of land. This property could be be a
residential property or commercial property . In a case, whereby a tenant in common dies, there would be passing over of the property to that tenant's estate. The control of total property by independent owner may be equal or different percentage of the total property. the tenancy in common partner can decide to leave the share he or she has in the property to any beneficiary as a part of their estate.
Priceline and Expedia are two online travel companies. Both are known to utilize ___________ of services such as airline flights and hotel stays to entice customers to purchase both at the same time, for a more reasonable price than what they would pay separately for each of these services. Multiple Choice last-minute fanning trade marking bundling branding
Answer:
Bundling
Explanation:
Bundling
This is simply regarded as a form pricing strategy. It is used by managers to give or offer several products or services as one package (termed a "bundle"). This is very important as it is useful if your customers' demand is very heterogeneous. Know that price discrimination is infeasible here.
Types of bundling
1. Simply bundling
2. Mixed bundling.
Managers of organizations, businesses or firms do use ths bundling method as it can;
1. It can increase the sellers profit if customers have varied tastes.
2. It is a said to find means to emulate perfect price discrimination when perfect price discrimination is not possible or it is not legal to charge multiple prices for the same product
bundling work best ehen there is big variance in consumers' price sensitivity of demand and when market conditions make it hard to price discriminate.
What is one result of competition in a free-market economy?
A. Businesses control the price that all the companies within an
industry can charge.
B. Consumers can choose which company's products they want to
buy.
C. The government decides who is allowed to compete in the market.
D. Traditional values determine who will compete in the market.
Suppose that Dr. Reilly owns a medical clinic and he enters into a contract to buy 500 tablets of Gensol from Pharzime. The Gensol that he orders are 200 milligrams each. The Gensol that is delivered however are 100 milligrams each. Decide.
Answer: See explanation
Explanation:
Based on the information given, it can be infered that the goods are nonconforming due to the perfect tender rule.
According to the perfect tender rule, a buyer can reject goods that are deliveres to him or her tender of the goods from the seller isn't perfect. Since the Gensol that he orders are 200 milligrams each while the one delivered are 100 milligrams each, then they aren't perfect.
Therefore, the clinic can reject the shipment, or keep some and reject others if it wants to.
The balance in the office supplies account on January 1 was $7,900, supplies purchased during January were $3,000, and the supplies on hand at January 31 were $2,500. The amount to be used for the appropriate adjusting entry is
Answer:
8400
Explanation:
The office supplies on Jan 1 was $7900
Supplies purchased during January was $3000
The supplies at hand in January Is $2500
$7900+$3000
= $10,900
= 10,900-2500
= 8,400
Hence the appropriate adjusting entry is $8400
Keys, Inc. purchased 100 shares of its own common stock for $10 per share. The stock is now classified as ______ stock, a contra equity account, reported on the statement of stockholder's equity.
Answer:
Treasury Stock
Explanation:
A firm`s purchase of its own stock is known as Treasury Stock. This is a a contra equity account, that is reported on the statement of stockholder's equity.
briefly,explain why the depth of floatation of a ship changes when it sails from the Arabian sea to the lndian ocean
Answer:
change in density of sea water
The depth of flotation of a ship changes when it sails from the Arabian Sea to the Indian Ocean because of the change in the density of sea seawater.
What is the ocean?
The greatest area on earth is referred to as the “ocean.” The ocean's 71% slat water has a light blue appearance. The motion of water waves is the ocean. Magnesium, calcium, and chlorine are abundant in the ocean. The ocean covers the large surface area of the Earth.
The ship captain is driving the ship off the sea and turning into the Indian Ocean changing the depth of the ocean because of changes in the density of seawater. The density of the water can change only based on the temperatures the cool means density increases and hot means decreases.
As a result, the flotation of the ship changes because of the density of the water change.
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In the three-lines-of-defense model of risk management, the enterprise risk management program is responsible for controlling risk on a daily basis. True False
Answer:
False
Explanation:
The three lines of defense are Operational Management, Risk Management, and Internal Audit.
Operational Management's goal is to prepare and maintain internal controls that will help in executing risk and control procedures on a daily basis. While the purpose of risk management is to ensure that the first line of defense (i.e. operational management) is functioning properly as required.
Keeping the above points in view the statement "the enterprise risk management program is responsible for controlling risk on a daily basis" is false as it is responsible for overseeing the operational management rather than controlling risk on daily basis.
A financial institution near you advertises itself as especially oriented towards educators and teachers. What is the category this institution would most likely fall under
Answer:
Credit union.
Explanation:
A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks to employees such as teachers, educators, nurses, etc.
Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.
In this scenario, a financial institution advertises itself as especially oriented towards educators and teachers. Thus, the category this institution would most likely fall under is a credit union because it's not run like businesses that is after making profit i.e it's a non-profit business established to assist employees with their finances.
Answer:
Credit union
Explanation:
Credit union is the category this institution would most likely fall under.