Answer:
$10,000
Explanation:
In the given scenario a honest dispute develops between a homeowner and an electrician over whether wiring and circuit breakers installed by the electrician satisfied contractual specifications.
There are two contractual agreements. One for $10,000 for the original wiring, and the second for $8,000 for a different brand of wires.
The electrician will only be able to claim either the $10,000 or the $8,000.
When the homeowner claimed he was not satisfied with the original installation the electrician should have verified the job and and claimed damages of $10,000.
On the other hand he accepted the blame and agreed to the second contract of $8,000.
So he can either stake a damage claim on the original one alone or the second contract alone.
The maximum he can claim is $10,000
nternal control systems are: Multiple Choice Developed by the Internal Revenue Service for all U.S. companies. Developed by the Securities and Exchange Commission for public companies. Required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company). Developed by the Small Business Administration for non-public companies. Required only if a company plans to engage in interstate commerce.
Answer:
Required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company).
Explanation:
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The purpose of internal controls is that companies use strong internal controls to guarantee that loss is eliminated as there's an accurate and reliable accounting system.
Basically, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Internal control systems are required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company).
Willingness to pay Group of answer choices measures the value that a buyer places on a good. is the amount a seller actually receives for a good minus the minimum amount the seller is willing to accept. is the maximum amount a buyer is willing to pay minus the minimum amount a seller is willing to accept. is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.
Answer:
measures the value that a buyer places on a good.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.
Willingness to pay measures the value that a buyer places on a good or product. Thus, when this value is high, the customer would ultimately buy a product and vice-versa.
Juan is in a management development program with Cisco, a worldwide leader in information technology, networking, and cyber security solutions. Cisco is a manufacturer known for its routers, switches, and wireless units, but it has seen an increase in revenues related to services such as cloud computing. It's no surprise that services account for _______ percent of the economic output of the United States.
Answer:
"80" is the appropriate solution.
Explanation:
Cisco would be renowned for some of its gateways, exchanges as well as wireless connectivity, although sales from offerings which including cloud computing increased, their companies will benefit.It would hardly be surprising that fundraising activities about eighty percent of the Overall States' economic activity.Do you think it would be ethical for a CPA to have someone else do for them what they are prohibited from doing by the AICPA Code of Professional Conduct?
Answer:
The description of the given question is described in the below section.
Explanation:
CPA is responsible for raising its opinion against another unethical conduct. An individual can't bear his/her responsibilities by enabling staff to act unethically besides stating that it is not a contribution to knowledge.Whether this is damaging to certain other persons as well as the organization stakeholder, this same CPA should take appropriate harsh measures against these employees.The North Carolina owner of a secluded area adjacent to the Atlantic Ocean noticed that people from town walked along the shore in front of this property. The owner learned that the local citizens had been walking along this beach for years. The owner went to court to try to stop people from walking along the water's edge in front of the property. The owner is likely to be
Answer:
unsuccessful, because the owner's property extends only to the high-water mark and the public can use the land beyond this point.
Explanation:
In the given scenario the owner of the property needs to be aware of the boundaries of his property.
For properties that are located adjacent to an ocean, the boundary is at the high-water mark.
Any other land along the shore is not considered part of the property.
In the given scenario the owner of the property will not be able to stop people from walking along the shore because they are walking beyond the limits of his property
Define the terms:
- Scarcity
- Choice
- Opportunity cost
- Efficiency
- Inefficiency
Answer:
Scarcity: In short supply of
Choice: Making a decision
Opportunity Cost: The loss of one aspect of a decision with the benefit of another
Efficiency: Being efficient and accurate as well as reliable
Inefficiency: Not being effective and wasting resources or time
a family farm that has been passes down from generation to generation is an example of an event in a
command economic system
traditional economic system
mixed-market economic system
pure market economic system
Answer:
Traditional economic system
Explanation:
It is being passed down from generation to generation
Bogart Company is considering two alternatives. Alternative A will have revenues of $160,000 and costs of $100,000. Alternative B will have revenues of $180,000 and costs of $125,000. Compare Alternative A to Alternative B showing incremental revenues, costs, and net income. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Explanation:
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Answer:
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Explanation:
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An elderly woman entered into a contract with a company in the business of providing home care services. Believing that she had been duped by representatives of the company, the woman commenced an action in federal court, properly based on diversity, seeking rescission of the contract. The company answered, denying the principal allegations of the woman's complaint and asserting a counterclaim against the woman for breach of contract. In addition, the company timely served a demand for a jury trial. The woman did not. Which statement best describes the roles of the judge and jury as finders of fact in the trial of the parties' claims
Answer: The jury will first determine the issues relating to the breach of contract claim, and the judge will determine the issues relating to the rescission claim that have not already been resolved by the jury.
Explanation:
Based on the information given in the question, the statement which best describes the roles of the judge and jury as finders of fact in the trial of the parties' are that the jury will first determine the issues relating to the breach of contract claim, and the judge will determine the issues relating to the rescission claim that have not already been resolved by the jury.
A sofa sold at four different stores has a retail price of $1,200. Each store is offering a different promotion
Store A: 10% off sale
Store B: $100 off coupon
Store C: $75 off coupon
Store D: $150 rebate
Which offers the best deal?
Answer:
Option D will choose
Explanation:
Given:
Retail price of sofa cost = $1,200
Store A: 10% off sale
Store B: $100 off coupon
Store C: $75 off coupon
Store D: $150 rebate
Find:
Best deal
Computation:
Store A: 10% off sale
So,
Store A price = 1200[100% - 10%]
Store A price = 1,080
Store B: $100 off coupon
Store B price = 1200 - 100
Store B price = 1,100
Store C: $75 off coupon
Store C price = 1200 - 75
Store C price = 1,125
Store D: $150 rebate
Store D price = 1200 - 150
Store D price = 1,050
Option D will choose
Answer:
Store D
Explanation:
edge 2021
A factory machine was purchased for $375,000 on January 1, 2015. It was estimated that it would have a $75,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2015. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2015 would be
Answer:
the depreciation expense for the year 2015 is $30,000
Explanation:
The computation of the depreciation expense for the year 2015 is shown below:
Depreciation Expense is
= Cost - salvage value
= $375,000 - $75,000
= $300,000
Now
Depreciation Expense for 2015 is
= (Actual hours in 2021 ÷ Total hours) Depreciation
= (4,000 ÷ 40,000) × $300,000
= $30,000
Hence, the depreciation expense for the year 2015 is $30,000
A man of seemingly modest means died, leaving his nephew as his sole heir. Among the items inherited by the nephew were some old oil paintings. The nephew knew nothing about art and had no place to put the paintings in his home. He placed an ad in the paper offering to sell the paintings at a price to be mutually agreed upon. A buyer for an art gallery responded to the ad. The buyer did not identify himself as an art gallery buyer or tell the nephew that he was knowledgeable about art. Rather, he concocted a story about wanting the paintings for his country estate. The nephew, for his part, revealed his lack of knowledge about art when he told the buyer that his uncle had probably painted the pieces himself. From the signature and the style, the buyer recognized that the artist was a renowned 19th century American portrait artist. The nephew and the buyer agreed upon a price and executed a contract. However, before the nephew delivered the paintings to the buyer, or the buyer paid him, he sought to rescind the contract. The buyer insisted that the nephew deliver the paintings to him and threatened to sue for breach of contract if he did not. Which argument would give the nephew the best basis for rescinding the contract with the buyer
Answer:
The response to these questions can be defined as follows:
Explanation:
In the given scenario, the buyer was requested that perhaps the nephew give him the paintings and threatened to sue if they did not. Because the nephew said to the buyer that uncle possibly has painted the nephew's painting are used to give them the best basis to cancel the agreement with both the buyer.
Investigar:
¿Qué es la factura?
¿Qué es la Nota de venta?
¿En que momento se usa la factura?
¿En que momento se usa la nota de venta?
¿Por qué el bazar del barrio no da factura ni nota de venta?
CONVERSE CON EL SEÑOR DEL BAZAR DE SU BARRIO PARA CONOCER QUE DOCUMENTOS DEBE TENER PARA QUE EL FUNCIONAMIENTO DE SU NEGOCIO SEA LEGAL Y CORRECTO
La respuesta correcta para esta pregunta abierta es la siguiente.
Desafortunadamente, no especificas a qué país te refieres, ya que cada país tiene un régimen fiscal distinto, y los comercios están obligados a declarar impuestos de acuerdo a la legislación vigente en cada país.
Para poder responder a tus preguntas, lo haremos en términos generales ya que no mencionas cuál es tu país.
¿Qué es la factura?
La factura es el comprobante oficial al que obliga el gobierno, a través de la Secretaría de Hacienda y el Servicio de Administración Tributaria (SAT). La factura es el comprobante oficial que respalda la compra-venta de un artículo, producto o servicio, y donde se demuestra que se cobro el impuesto por la adquisición de la mercancía.
¿Qué es la Nota de venta?
La nota de venta es un comprobante de control interno que no tiene validez oficial para comprobar el consumo y el cargo del impuesto. La nota de venta sólo la ampara el mismo negocio que la elaboró, el sistema de administración tributario.
¿En que momento se usa la factura?
La factura se usa cuando se requiere elaborar un comprobante oficial que posteriormente pueda ser usado en la declaración mensual de impuestos o en la declaración anual, para que se puedan deducir los impuestos retenidos.
¿En que momento se usa la nota de venta?
Cuando sólo se quiere entregar un comprobante de compra, sin aplicar el impuesto al valor agregado.
¿Por qué el bazar del barrio no da factura ni nota de venta?
Porque probablemente es un pequeño comercio, y no está obligado a facturar. Sólo a dar comprobantes. Los pequeños comercios tributan o pagan impuestos de manera diferente. Son considerados pequeños contribuyentes y por lo regular se les asigna una cuota fija, siempre y cuando no rebasen una cantidad establecida por la autoridad hacendaria.
Platicando con el dueño de la papelería del barrio, él me comenta que el municipio sólo le pido una licencia de uso de suelo para que pueda operar su negocio. Esa licencia de funcionamiento tiene un costo único que debe ser renovad anualmente. El es pequeño comerciante y debe pagar una cuota fija de manera trimestral.
The business management department at a local university began posting all assignments and other class materials to a learning management course website instead of creating a packet or printed materials for students to purchase each term. The business management department is implementing a ________ innovation. Group of answer choices product reactive policy breakthrough process
Answer:
Process
Explanation:
From the question we are informed about The business management department at a local university which began posting all assignments and other class materials to a learning management course website instead of creating a packet or printed materials for students to purchase each term.
In this case, The business management department is implementing a process innovation.
A process innovation can be regarded as implementation of a new production as well as delivery method, it can also be implementation of improved production as well as delivery method. It encompass making a significant changes in techniques as well as the equipment or software that is been used in the production process.
What is the balance after three
years on a CD with an initial
investment of $1,400.00 and a
3% interest rate?
A. $1,484.00
B. $1,406.00
C. $1,529.82
D. $4,200.00
Answer:
Option C ($1529.82) is the correct alternative.
Explanation:
Given values:
Initial investment,
= $1400
Interest rate,
i = 3%
The future value will be:
= [tex]Initial \ investment(1+i)^3[/tex]
= [tex]1400(1+3 \ percent)^3[/tex]
= [tex]1400(1.03)^3[/tex]
= [tex]1400\times 1.092727[/tex]
= [tex]1529.82[/tex] ($)
The plaintiff is a State A corporation that entered into a contract with the defendant under which the defendant agreed to manufacture and sell equipment to the plaintiff. The equipment is heavily regulated by the federal government. The plaintiff plans to sue the defendant for $1 million because the equipment does not conform to the contract specifications and does not operate properly. The defendant is incorporated in State B, but all of its facilities and offices are in State A. Would a federal district court have subject matter jurisdiction over the plaintiff's action
Answer: No, because all of the defendant's facilities and offices are in State A.
Explanation:
Following the information given in the question, a federal district court cannot have subject matter jurisdiction over the plaintiff's action.
In this case, there's no subject matter jurisdiction by the court as theres subject matter jurisdiction when there is full diversity of citizenship, and the amount of controversy is more tha $75,000.
The aggregate demand curve A. differs from individual demand curves in that the aggregate demand curve looks at the entire circular flow of income and product while the individual demand curve looks at only one good. B. is like individual demand curves in that prices of other goods are held constant. C. differs from individual demand curves in that the aggregate demand curve is not downward sloping. D. is like individual demand curves in that income is constant.
Answer:
A. differs from individual demand curves in that the aggregate demand curve looks at the entire circular flow of income and product while the individual demand curve looks at only one good.
Explanation:
An aggregate demand curve is a graphical representation which represents the relationship between the total quantity of the output demanded which is measured as the real GDP and its price level which is measured as an implicit price deflator.
The aggregate demand curve looks at both the circular flow of the income as well as the product whereas the individual demand curve is responsible for only one, keeping the other constant.
Hence, the correct option is option (A).
Two types of customers are served by a two-step process. Each resource is staffed by one employee. Customer A spends two minutes at resource X and five minutes at resource Y. Customer B spends five minutes at resource X and two minutes at resource Y. The demand rate per hour is 10 customer As and 15 customer Bs. Where in the process is the bottleneck and what is its implied utilization
Answer:
The bottleneck is in the use of Resource X by Customer B.
The implied utilization of Resource X by Customer B = 125%.
Explanation:
a) Data and Calculations:
Time in minutes spent in Resource X Resource Y
Customer A 2 m 5 m
Customer B 5 m 2 m
Customer A Customer B
Demand per hour 10 15
Total usage of resources Resource X Resource Y Total Time
Customer A 20 m 50 m 70 m
Customer B 75 m 30 m 105 m
Resource X by Customer B = demand per hour / capacity per hour
= 75/60
= 125%
Choose the correct statement. A. A check is money because while it is in circulation the quantity of money increases by the amount of the check. B. Currency is money and credit cards are money because they are means of​ payment, but deposits are not money. C. Deposits are​ money, checks are not​ money, and credit cards are not money. D. A credit card is money because it allows you to take a loan at the instant you buy something.
Answer:
C. Deposits are money, checks are not money, and credit cards are not money.
Explanation:
Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world. Thus, it's any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
In this context, the true and only correct statement is that, deposits are money, checks are not money because they are not a legal tender, and credit cards are not money because it's a plastic card used for e-commerce based on money being in the account of the holder.
Charlotte knows that John's support will be essential in having her proposal accepted by senior management, so she meets with him informally. "I'd like to get your thoughts on the best approach on getting the staff trained on the new software," she says. "What are your thoughts on the next steps I need to take to get management's approval?" Which influence tactic is Charlotte using?
Answer:
consultation
Explanation:
From the question we are informed about Charlotte knows that John's support will be essential in having her proposal accepted by senior management, so she meets with him informally. "I'd like to get your thoughts on the best approach on getting the staff trained on the new software," she says. "What are your thoughts on the next steps I need to take to get management's approval?" In this case, influence tactic is Charlotte using consultation.
Consultation can be regarded as an influence agent's that seeks help from others by directly influencing another person or group. This tactic focuses on ways to gett others so they can participate in a particular planning process as well as making decisions. This tactic also encourage changes. In this tactic the person that is needed to make participation is first put in good mood before the making of a request, this could be through been friendly or being helpful to him or her.
The three steps in the accounting process are identification, recording, and examination. select an option True 2. The accounting process includes the bookkeeping function. select an option True 3. Managerial accounting provides reports to help investors and creditors evaluate a company. select an option True 4. The two most common types of external users are investors and creditors. select an option True 5. Internal users include human resources managers.
Answer:
1. False
2. True
3. False
4. True
5. True
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.
1. False: The three steps in the accounting process are identification, recording, and examination. Actually, the three steps in the accounting process are identification, recording, and communication to the end users such as investors and creditors.
2. True: The accounting process includes the bookkeeping function.
3. False: Managerial accounting provides reports to help investors and creditors evaluate a company. It actually provide reports to the managers of a business firm and as such it is used internally.
4. True: The two most common types of external users are investors and creditors.
5. True: Internal users include human resources managers.
Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $470 worth of produce from Michele in the current quarter. No other economic activity takes place during the current quarter. Using this information, answer the questions. For the current quarter, what is the economy's income?
Answer:
$470
Explanation:
The calculation of the economy income is given below:
Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it
So here we can see that there is one and only economic activity that took place at the present quarter that is of $470
Therefore the economy income is $470
what factors affect the process of planning?
Answer:
Answer to the following question is as follows;
Explanation:
Several factors also influence the sort of planning application that must submit as well as the result of our planning permission.
Nature, animals, and biodiversity, as well as planning permission policies , Regulations, construction, and so on Statement of design, statement of design and accessibility, statement of design, statement of design, statement of design Environment Healthcare, Ecology
The global environment affects all of the other environmental influences such as the economic, legal, and social environments because _____. Multiple choice question. the increase in free trade among nations and technological changes have created globalization and decreased competition economies are reducing their interactions with one another to reduce debt the increase in free trade among nations and technological changes have created globalization and increased competition it provides a smaller technical base for those who want to communicate more often
Answer:
the increase in free trade among nations and technological changes have created globalization and increased competition.
Explanation:
The global environment impacts the other environment like economic, legal and social as there should be rise in the free trade that should be between the nations also there is a technological changes that developed the globalization due to which the competition should be increased
therefore the above statement is correct
Many organizations will apply for temporary permits that allow which of the following activities?
Sell alcohol to members in a private club.
Promote and enhance the sale of an alcoholic beverage on behalf of a brewer or winery.
. Offer in-store wine and beer samples.
• •
Sell alcohol at locations where beverages are not usually sold for on-premise consumption.
The correct answer is "Sell alcohol at locations where beverages are not usually sold for on-premise consumption."
Many organizations will apply for temporary permits that allow selling alcohol at locations where beverages are not usually sold for on-premise consumption.
This usually happens when the organization is having a special event in the company, a celebration, or any activity in which they are gathering many people. As part of their activities and options to entertain the guests, this company wants to sell alcoholic beverages because it is a good way to get some money.
So this could be special celebrations, tournaments, sports contests, festivals, expos & fairs, and some other event of a certain magnitude.
3. Hãy nêu quan điểm của Anh (chị) về câu nói sau đây và đưa ra những dẫn chứng cụ thể lien quan đến nghiệp vụ nhân viên Lễ tân để làm cơ sở chứng minh cho qua điểm của mình: "Một dịch vụ tốt có thể bù đắp cho một sản phẩm kém, tuy nhiên một sản phẩm tốt không thể bù đắp cho một dịch vụ kém."
Answer:
Maybe on hoteljob has but has been deleted T T
Explanation:
Fixed expenses are $499,000 per month. The company is currently selling 5,000 units per month. The marketing manager would like to cut the selling price by $13 and increase the advertising budget by $33,000 per month. The marketing manager predicts that these two changes would increase monthly sales by 900 units. What should be the overall effect on the company's monthly net operating income of this change
Answer:
decrease of $8,900
Explanation:
Use the following formula to calculate the net operating income
Net operating income = Sales - Variables cost - Fixed cost
At Current Sales Level
Sales = 5,000 x $160 = $800,000
Variable cost = 5,000 x $48 = $240,000
Fixed cost = $499,000
Placing values in the formula
Net Operaitng Income = $800,000 - $240,000 - $499,000 = $61,000
At Increased Sales level
Sales = 5,900 x ($160-$13) = $867,300
Variable cost = 5,900 x $48 = $283,200
Fixed cost = $532,000
Placing values in the formula
Net Operaitng Income = $867,300 - $283,200 - $532,000 = $52,100
Now calculate the change in net operating income
Change in net operating income = Net operating income at current sales - net operating income at increased sales = $61,000 - $52,100 = $8,900
Hence, Net operating income is decreased by $8,900
ABC Corporation owns a factory. They are selling the factory to Amalgamated Corp. The lawyer for ABC Corporation writes the deed with all of the required elements, and it is signed by Bill Smith. Bill is the president of ABC Corporation, but it doesn't say so on the deed, nor is there a corporate seal. Is this a valid real estate transaction
Answer:
Likely not. There is no indication that Bill Smith had the authority or capacity to sign on the corporation's behalf.
Explanation:
Since in the situation it is mentioned that there is no corporate seal on the deed neither it is to be said so this is not a valid real estate transaction as there is no signal that bill smith have an authority or the capacity for signing on the behalf of the corporation
So the above statement represent an answer
Emily is a writer, and uses her tablet computer to write a 500-page novel that she sells to a publishing company for $500,000. If the publisher prints 1 million copies that sell for $25 each, what is the contribution to GDP of Emily's novel
Answer:
$24,500,000
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Contribution to GDP = total revenue of book - cost of selling the book to the publishing company
(25 x 1,000,000) - 500,000 = 24,500,000
explain the importance of an office for the successful functioning of organisation ? (Long question answer)
Answer:
An office is a location the management of a business can use for the planning, organization, control, direct, and recruit staffs for a business. An office is the place information records are kept and it is used as the channel through which the business makes communication with other businesses, individuals and the public.
The smooth operations of an organization requires the availability of an office as it is the place the business activities are performed
An office is as important to an organization as the brain is to the body of a living organism
Explanation:
