Answer:
Yes, because the corporation remains liable to the owner under the contract
Explanation:
The above answer is true because in this case, there is no limit to the assignment of the contractual rights between the two parties, hence this assignment of a contract would be treated as both an assignment of rights and a delegation of duties.
Therefore, while the corporation in this case has delegated its duties and assigned its rights under the contract to the developer by assigning the contract to the developer, the corporation is still considered to be liable to the owner for payment of the purchase price.
And given the fact that the developer is not as creditworthy as the corporation, and thus there is a greater chance that the developer will be unable to pay the purchase price, the owner has the rights under the contract arrangement to contractually compel the corporation to do so.
Preet just learned that he is going to be assigned for his job to Eastern Europe. The transfer is temporary. Because Preet knows that he is going to return home in a year or two, he has decided to rent out his home. He wants to make sure that someone can take care of his financial issues while he is away, particularly depositing the rent payments and paying bills. His best strategy involves naming his sister in a:
Answer: a. durable power of attorney.
Explanation:
A durable power of attorney gives a person the legal right to act on the behalf of another person such that the former will be able to handle the affairs of the latter. A durable power of attorney stays in effect even when a person is declared incapable of managing their own affairs.
It is therefore the best option for Preet here because with him being away for a little while, his sister can take care of his affairs as he is unable to do so himself and when he is back, he can simply remove his sister from the position as it is not a complicated process.
Suppose that a new high school opens next to a popular fast food restaurant. Explain what will happen to the derived demand for chefs at the restaurant.
Answer:
the derived demands would most likely be increased.
Explanation:
When the new high school opened next to the fast food resturant i.e. popular so here it increased the consumers for that restaurant also the majority of the consumers would be the students only as it near by the school. Also the price should be cheap so that it can be easily afforded by the students
Therefore the derived demand should be likely to rise
Thomas is a commercial broker. He is representing the buyer in the purchase of an apartment complex in Dallas. Thomas also represents the seller. Both have authorized intermediary. The seller's attorney discloses to Thomas via email that the property has foundation issues but offers to increase Thomas' commission if Thomas doesn't tell the buyer. Thomas tells the buyer that there are no problems with the property, and the buyer ends up purchasing the property unaware of the foundation problems. Will Thomas likely be liable to the buyer for fraud
Answer:
Yes,it is a classic case of fraud as Thomas owes the buyer a duty of disclosure of material facts
Explanation:
Fraud
This is simply defined as act of deception. It is an act carried intentional by an individual to get an unfair advantage over another person.
The deceptive trade practices act
This is simply a federal law set up by government. It watches over business, making sure that fraud and misrepresentation do not take place when companies provide products and services.
In real estate, the seller required to tell the buyer about the property's condition and nothing should be left Thomas is guilty of fraud for covering up and not disclosing all conditions or state of the property.
The tests for disclosure outlined by the courts includes
1. The seller must not obstruct the buyer's attempts to inspect the property. The "as is" clause must be an important element of the contract.
2. The buyer and seller must not be in a relatively unequal bargaining position
All known defects must be disclosed by the seller
A process costing system is employed in those situations where: Question 3 options: A) full or absorption cost approach is not employed. B) where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis. C) many different products, jobs, or batches of production are being produced each period. D) a service is performed such as in a law firm or an accounting firm.
Answer:
The correct option is option B.
Explanation:
Hence a process costing system is employed in those situations
where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.
Multiple-Choice Questions on Consolidation Overview [AICPA Adapted]
Select the correct answer for each of the following questions.
1. When a parent–subsidiary relationship exists, consolidated financial statements are prepared in recognition of the accounting concept of
a. Reliability.
b. Materiality.
c. Legal entity.
d. Economic entity.
2. Consolidated financial statements are typically prepared when one company has a controlling interest in another unless
a. The subsidiary is a finance company.
b. The fiscal year-ends of the two companies are more than three months apart.
c. Circumstances prevent the exercise of control.
d. The two companies are in unrelated industries, such as real estate and manufacturing.
3. Penn Inc., a manufacturing company, owns 75 percent of the common stock of Sell Inc., an investment company. Sell owns 60 percent of the common stock of Vane Inc., an insurance company. In Penn’s consolidated financial statements, should Sell and Vane be consolidated or reported as equity method investments (assuming there are no side agreements)?
a. Consolidation used for Sell and equity method used for Vane.
b. Consolidation used for both Sell and Vane.
c. Equity method used for Sell and consolidation used for Vane.
d. Equity method used for both Sell and Vane.
4. Which of the following is the best theoretical justification for consolidated financial statements?
a. In form, the companies are one entity; in substance, they are separate.
b. In form, the companies are separate; in substance, they are one entity.
c. In form and substance, the companies are one entity.
d. In form and substance, the companies are separate.
Answer: 1. D. Economic entity
2. C. Circumstances prevent the exercise of control.
3. B. Consolidation used for both Sell and Vane.
4. B. In form, the companies are separate; in substance, they are one entity
Explanation:
1. When a parent–subsidiary relationship exists, it can be infered that consolidated financial statements will be prepared in recognition of the accounting concept of economic entity.
2. Consolidated financial statements are prepared when one company has a controlling interest in another unless the circumstances prevent the exercise of control.
3. Based on the information given, in Penn’s consolidated financial statements, it should be noted that Sell and Vane should be consolidated. Therefore, the correct option is B.
4. The best theoretical justification for consolidated financial statements is that in form, the companies are separate while in substance, they are regarded as one entity.
Polly secured a good grade with a 4 GPA in her admission test. However, she was denied admission by a management school. Hence, she filed a suit that the school had discriminated against her on the basis of race; that she was rejected because the school used race as an important factor, giving applicants belonging to minority groups a greater chance of admission than students with similar credentials from disfavoured racial groups. Which of the following approaches should be applied to solve Polly's case? A) Minimum rationality approach B) Strict scrutiny approach C) Rational basis approach D) Intermediate scrutiny approach E) Quasi-scrutiny approach
Answer:
i think correct answer us c
Which economic effect does a central bank hope to achieve by buying back
large amounts of treasury securities?
A. It hopes to raise interest rates for private lenders.
B. It hopes to discourage companies from hiring workers.
C. It hopes to make more money available for loans.
D. It hopes to reduce the overall amount of economic activity.
Answer:
c. It hopes to make more money available for loans
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The Central bank hopes to make more money available for loans. Thus, option C is correct.
What is a Central bank?The primary goals of central banks are to stabilize prices, increase employment, and support a nation's economic expansion. Experts concur that central banks function best when they are credible, or trusted, independently from government authorities and free from political influence, and explicit about their objectives and procedures.
In order to encourage banks to lend out additional amounts of their funds, the Fed may lower the discount rate, enabling borrowing money from other financial institutions easier or less expensive for banks if their cash reserves go too small. Banks grant more money when their discount rate is lower, which expands the fund's supply.
Therefore, option C is correct.
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A business must decide whether to open a new office in China. If it opens the
branch, it will increase its chances of selling a high volume of its products in
China. On the other hand, the business will have to spend a lot of money to
make the branch operational.
What would be an opportunity cost for the business if it chooses to open the
new branch in China?
A. The business could not use the money it spends on the new
branch for something else.
B. The business would be able to increase the selling prices for most
of its products.
C. The business would have to spend all its money making new
Chinese products.
D. The business would be able to easily sell its products to many new
customers.
Answer: A. The business could not use the money it spends on the new
branch for something else.
Explanation:
Opportunity cost simply means the cost of what one forgoes when an alternative decision is taken.
Since the business chooses to open a new branch in China, the opportunity cost will be the money that the business could have spent on something else.
Therefore, the correct option is A.
Suppose a total of 2,500 students are allowed in the engineering programs at all of the colleges in a particular city. From the previous three years' record, it shows that the number of students who enroll in the entrance exam for the engineering program increases if there is an increase in the number of IT recruiters the previous year.This year there is a total of 3,200 students who have enrolled to take the entrance exam of which only up to 2,500 of those who passed would get in. Based on either the students' perspective or the college perspective, what combination of economic key concepts does the situation follow? A. Optimization and empiricism B. Equilibrium and empiricism C. Optimization and equilibrium D. Optimization, equilibrium, and empiricism
Answer:
D. Optimization, Equilibrium and Empiricism.
Explanation:
Economics is based on three key concepts which are Optimization, Equilibrium and Empiricism. Optimize is the first principle which means people will select best available option. Second important principle is that economy is always in a state of equilibrium which means if one gains the other also gets best available value. Third concept is that economists use data to make policies. The situation given in the scenario follows all the key concepts of economy.
QUESTION 26 Which of the following statements are true? A. Because coupon payments on municipal bonds are exempt from federal income tax, the expected after-tax return on them will be higher for individuals in higher income tax brackets. B. An increase in tax rates will increase the demand for municipal bonds, lowering their interest rates. C. Interest rates on municipal bonds will be lower than on comparable bonds without the tax exemption. D. All of the above are true statements. E. Only A and B are true statements
Answer:
D
Explanation:
A municipal bond is a debt instrument issued by a state or municipality to finance its capital expenditures.
Municipal bonds are usually exempt from federal income tax. This makes these bonds attractive to individuals with a high income tax bracket
If tax rate increases, investors would prefer to invest more in municipal bonds because it is exempt from tax. The increase in demand for these bonds would lead to decrease in its interest rate.
Due to tax exemption, the interest rate on municipal bonds is lower than on comparable bonds
Types of municipal bonds
General obligation bonds : these bonds are not secured by any form of asset. Instead they are backed up by the credit worthiness of the issuer.Revenue bonds : these bonds are secured by revenue from a particular project. e.g. revenue from highway tolls***ECONOMICS***
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Economists calculate the trade-weighted value of the U.S. dollar by:
O A. examining the confidence global investors have in the dollar as a
reserve currency.
B. analyzing the decline in the dollar's purchasing power over time
due to inflation.
c. comparing the value of the dollar to currencies used by major U.S.
trading partners.
D. subtracting the market value of the U.S. dollar from the market
value of gold.
An insurance company offers personal property insurance.Jewelry is a special type of personal property. Jewelry coverage requires that the user managing the request is trained to appraise jewelry. Assignments for jewelry appraisals must go to
skilled users. Which routing approach would you use?
A. Route requests to a decision table that routes the request to a work group in a location where there are users who have appraisal skills.
B. Route directly to users who are members of a work group that uses skill rating parameters.
C. Route requests to a reporting manager who assigns the request to a user to ensure fast processing.
D. Route requests to a work group whose members have the skill rating parameters.
Answer:
D. Route requests to a work group whose members have the skill rating parameters.
Explanation:
Since in the given situation it is mentioned that the insurance company provides the insurance of personal property and the assignment should be made for jewelry appraisal that should go for the users that are skilled so here the routing approach that should be used is that the request should be made to the group of members that have the parameters of the skill ratings
So the correct option is d.
The length of a bond
A)Coupon Rate
B)Maturity
C)Par Value
D)Yield
Answer:
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Explanation:
ed vs egnryntimyyi.z2
Which one of the following groups of accounts only have debit balances
a. Discount Received, Stock, Purchases Return, Salaries
b. Sales Returns, Wages, Machinery, Discount Allowed
c. Wages Due, Rent, Sales Return, Discount Allowed
d. Salaries Due, Discount Received, Sales Returns, Stock
Answer: b. Sales Returns, Wages, Machinery, Discount Allowed
Explanation:
Sales returns reduce the sales made. Sales are put on the credit side so transactions that will reduce sales such as sales returns would have to go on the debit side.
Wages are an expense and expenses are debited to show they are increasing so they have a debit balance.
Machinery is an asset and assets have debit balances.
Discount allowed reduces the sales balance and as mentioned above, transactions that reduce sales go on the debit side so this has a debit balance as well.
Gloria, as the executive assistant to the President of a small company, has a large number of decisions to be made by the end of the week. One of the decisions she has to make today is which paper clips to purchase for the office. She looks at the office supply catalog and picks the first one she sees that is priced acceptably. In line with bounded rationality decision making, Gloria is using _________ to make her decision.
Answer: Satisficing
Explanation:
Satisficing could be described as a decision making method where a manageable result is chosen rather than the optimal solution. The aim of choosing such is just to go with it for the moment before better options are either tested, affordable or reliable. Some managers consider this method of administration, in order to make decisions on time than having backlog of works which might time to get a proper or perfect conclusion.
Satisficing is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution.
Telecommuting can be BEST described as
A. using telephones to market products
B. travelling between home and the traditional office
C. establishing a communication link between companies
D. working from a remote location outside of a traditional office
Answer:
using telephones to market products.
You are a marketing consultant and you have been hired to assist a client in deciding on a target marketing strategy that fits her objectives and capabilities best. You previously helped the company complete a SWOT analysis, and you are reviewing it to determine if it favors a particular target marketing strategy. After reviewing the SWOT analysis, you conclude that the client needs to absorb some excess production capacity, and has the skills and resources necessary to focus on more than one market at a time. Based on this information, you decide that it would be most appropriate for the client to use a(n)_________________________________ targeting strategy.
Answer:
Differentiated
Explanation:
A differentiated marketing strategy is the strategy where the company decided to provide the distinct offering to each kind of market but that should be targeted one. Each segment should be target in the way where the company gives the unique benefits for various kind of segments
Since in the given situation it is mentioned that there is the need to focus more than one market so here it should use the differentiated targeting strategy
Salaries is an
O asset
O expense
o none of the above
Answer:
Expense
Explanation:
give reason
- blood oozes out when there is slight cut in our body
- astronauts wear a special suit while going to space
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Answer:
Why blood oozes out when there is a slight cut:
The body has many blood vessels that carry blood to and from the heart. Some of these blood vessels are very close to the skin. When we have a slight cut, the cut damages these blood vessels and so the blood they are carrying comes out of the wound.
This will be stopped when platelets form blood clots which then trapped blood cells and stop the bleeding.
Why Astronauts wear a special space suit:
When astronauts are in space and have to leave the spaceship, they face many unknown dangers in space such as radiation, debris and extremely cold weather. The space suit they wear is designed to protect them from all these so that they are able to stay alive in space and carry out their jobs.
Some service providers create (or at least predict) demand for certain outcomes, thus forming a specific target for their services. B It's important that the service provider do all that's necessary to fully understand the consumer's needs and expectations. C The levels of frankness and mutual understanding between the service provider and consumer go a long way in determining how well (or poorly) the service provider understands the consumer's desired outcomes. D An outcome is a tangible or intangible deliverable of an activity
Answer:
An outcome is a tangible or intangible deliverable of an activity.
Explanation:
The following statements should be considered true related to the outcomes
a. The service provide develop the demand for the specific result in order to create the specific target
b. The service provider need to understand what the customer need and expectations
c. The frankness level and the mutual understanding between both the parties should be there so that it checks the service provider understanding how better or worst they understand the customer needs
So the last option is considered
You recently launched a news website which is expected to be visited by millions of people around the world. You chose to deploy the website in AWS to take advantage of its extensive range of cloud services and global infrastructure.
Aside from AWS Region and Availability Zones, which of the following is part of the AWS Global Infrastructure that is used for content distribution?
A. Bastion Hosts
B. VPC Endpoint
C. Edge Location
D. Hypervisor
Answer:
C. Edge location
Explanation:
AWS Global infrastructure consists of multiple geographical locations. The locations are known as regions which provide a way to built highly fault tolerant infrastructures. AWS Global Infrastructures consists of four components; Availability Zones, Regions, Edge Locations and Regional Edge Caches.
Cafeteria Department Cutting Department Assembly Department Janitorial Department cost allocation $155,000 $31,000 $124,000 Cafeteria Department cost allocation $243,000 $81,000 Compare the total support department costs allocated to each production department under each cost allocation method. a. Which production department is allocated the most support department costs under the direct method?
Answer: Assembly Department
Explanation:
Missing part of question is attached below.
Cutting Department
Under the direct method, the Cutting Department is allocated $62,000 of the Janitorial cost and $126,750 of the Cafeteria cost for a total of:
= 62,000 + 126,750
= $188,750
Assembly department
Allocated $248,000 of the Janitorial cost and $42,450 of Cafeteria:
= 248,000 + 42,450
= $290,450
Assembly Department is therefore the department that is allocated the most support department costs under the direct method.
How can business decisions affect local community?
Incorporating small businesses into local government decisions can help ensure the small town culture within the community.
Small businesses will also participate and volunteer their time at fairs and festivals, working to connect with members of the community while sharing their services to a large audience.Assume, for Singapore, that the domestic price of soybeans without international trade is higher than the world price of soybeans. This suggests that, in the production of soybeans, a. other countries have a comparative advantage over Singapore and Singapore will export soybeans. b. Singapore has a comparative advantage over other countries and Singapore will import soybeans. c. other countries have a comparative advantage over Singapore and Singapore will import soybeans. d. Singapore has a comparative advantage over other countries and Singapore will export soybeans.
Answer:
C)other countries have a comparative advantage over Singapore and Singapore will import soybeans.
Explanation:
In the case when the domestic price of the soyabeans considered withoiut the international trade and the same should be more than the world price that means the other country would have the comparative advamtage and the singapore would import the soybeans
Therefore the option c is correct
Motivated by his desire to operate his own business, Caleb is considering the purchase an existing business. As he carefully weights this option, he is likely to find that: A) very few owners of small businesses have any interest in selling. B)his potential for success would greatly improve if he started his own new firm. C)the value of an existing business is determined by what the business owns, what it earns, and what makes it unique. D)any entrepreneur willing to sell their business is experiencing serious financial problems.
Answer:
B)his potential for success would greatly improve if he started his own new firm.
Explanation:
An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.
The following are four characteristics of an entrepreneur;
1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.
2. Passionate: believing in a course and one's ability to achieve much more at a business.
3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.
4. Self-Confident: he or she is bold and believes in his or her abilities to excel.
In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.
In this scenario, Caleb is motivated by his desire to operate his own business and as such considering the purchase of an existing business. As he carefully weigh this option, he is likely to find that his potential for success would greatly improve if he started his own new firm as an entrepreneur.
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Answer:
✨ ¡Tysm por lo.s pun.tos gr.atis! Rlly los necesitaba.Explanation:
✨Tysm For The Fr.ee Po.ints I Rlly Needed Them✨Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: DateCash PaidInterest ExpenseIncrease in Carrying ValueCarrying Value 01/01/2021 $8,640,967 06/30/2021$300,000 $345,639 $45,639 8,686,606 12/31/2021 300,000 347,464 47,464 8,734,070 06/30/2022 300,000 349,363 49,363 8,783,433 12/31/2022 300,000 351,337 51,337 8,834,770 What is the interest expense on the bonds in 2021
Answer:
i believe it is 9,000 dollars
Explanation:
i looked it up
The efficient frontier of risky assets is Group of answer choices the portion of the investment opportunity set that lies above the global minimum variance portfolio the portion of the investment opportunity set that represents the highest standard deviations the portion of the investment opportunity set that includes the portfolios with the lowest standard deviation the set of portfolios that have zero standard deviation both the portion of the investment opportunity set that lies above the global minimum variance portfolio and the portion of the investment
A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company produces. He knows from numerous previous samples that this service life is normally distributed with a mean of 500 hours and a standard deviation of 20 hours. On three recent production batches, he tested service life on random samples of four headlamps, with these results:
Sample Service Life (hours)
1 495 500 505 500
2 525 515 505 515
3 470 480 460 470
1) What is the sample mean service life for sample 2?
A. 495 Hours
B. 460 Hours
C. 500 Hours
D. 515 Hours
E. 525 Hours
2) What is the mean of the sampling distribution of sample means when the service life is in control?
A. 250 Hours
B. 470 Hours
C. 515 Hours
D. 495 Hours
E. 500 Hours
3) What is the standard deviation of the sampling distribution of sample means for whenever service life is in control?
A. 20 Hours
B. 10 Hours
C. 11.55 Hours
D. 5 Hours
E. 6.67 Hours
4) If he uses upper and lower control limits of 520 and 480 hours, what is his risk (alpha) of concluding that service life is out of control when it is actually under control (Type I error)?
A. 0.0026
B. 0.3174
C. 0.6826
D. 0.0456
E. 0.9544
5) If he uses upper and lower control limits of 520 and 480 hours, on what sample(s) (if any) does service life appear to be out of control?
A. sample 1
B. sample 2
C. sample 3
D. both samples 2 and 3
E. all samples are in control
Answer:
1) 515 hours ( D )
2) 495 hours ( D )
3) 10 hours ( B )
4) 0.0456 ( D )
5) sample 3 ( C )
Explanation:
Standard deviation = 20 hours
Mean = 500 hours
1) Determine the sample mean service life for sample 2
Sample mean sample service life of sample 2 = Average of service life of sample 2
= ( 525 + 515 + 505 + 515 ) / 4
= 2060 / 4 = 515
2) Calculate the mean of sampling distribution of sample means
∑ mean service life samples / 3 ----- ( 1 )
sample 1 = (495 + 500 + 505 + 500 ) / 4 = 500
sample 2 = ( 525 + 515 + 505 + 515 ) / 4 = 515
sample 3 = (470 + 480 + 460 + 470) = 470
back to equation 1
= ( 500 + 515 + 470 ) / 3 = 495
3) Determine STD of sampling distribution of sample means
Std = 20
n = 4
∴ std of sampling distribution = 20 / √4 = 10 hours
4) calculating the risk alpha
upper control ( UCL ) = 520 , lower control ( LCL ) = 480
mean = 500
Z value for upper control = ( 520 - 500) / 10 = 2
Z value for lower control = ( 480 - 500 ) / 10 = -2
confidence level of -2 and 2 ( using z-table ) = 0.9544
∴ risk alpha = 1 - 0.9544 = 0.0456
5) Service life appears to be out of control in ; sample 3
UCL = 520 , LCL = 480
Because mean value of sample 3 = 470 lies outside the lower control limit
what is a benefit of obtaining a personal loan?
Answer:
you earn a large amount of money to get use immediately, only $3.99/mouth.
A benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.
One significant benefit of obtaining a personal loan is the flexibility it offers in terms of usage. Unlike specialized loans, such as car loans or home loans that are tied to a specific purpose, personal loans can be used for a wide range of expenses, such as consolidating high-interest debts, funding a wedding, covering medical bills, or making home improvements. This flexibility allows individuals to address their unique financial needs without restrictions.
Additionally, personal loans often have fixed interest rates and fixed repayment terms, which means borrowers can plan their budgets more effectively and have a clear timeline for paying off the loan. This stability can help individuals manage their finances better, as they know exactly how much they need to repay each month.
Moreover, personal loans can also be a useful tool for building credit history. By making timely payments on a personal loan, individuals can demonstrate their responsible borrowing behavior, which can improve their credit score over time. A good credit score opens doors to better loan options and favorable interest rates in the future.
In summary, a benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.
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