A capital budgeting technique that generates decision rules and associated metrics for choosing projects is internal rate of return .
Option C is correct.
Internal rate of return :A metric used in financial analysis to estimate the profitability of potential investments is the internal rate of return (IRR). In a discounted cash flow analysis, the IRR is a discount rate that sets the net present value of all cash flows at zero. The NPV and IRR calculations use the same formula. An approach for determining an investment's rate of return is the internal rate of return. The absence of external factors, such as the risk-free rate, inflation, the cost of capital, or financial risk, from the calculation is referred to as internal.
Associated Metrics :The connection between two or more things is referred to as associated. It is frequently used to talk about the connection between two or more things, like people, things, places, or ideas. For instance, if two people collaborate on a project or have a close relationship, one could say that they are associated. Similarly, if two items are frequently used together, like a hammer and a nail, they may be associated.
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The function of money as a store of value is explained by which of the following statements?Money can be stored as an asset because it has an intrinsic value. Money can be saved and used in the future because of its purchasing power. Money has a store of value because it offers protection against high rates of inflation. Money allows comparison of the value of different commodities. Money is used by individuals to acquire other goods and services.
2nd option is correct. Money has purchasing power, so it can be saved and used in the future.
A store of value is an asset, commodity, or currency that retains its value without depreciating. A store of value is an asset that retains its value rather than depreciating. Gold and other precious metals are good stores of value because of their inherently unlimited shelf life.
A national currency must be an adequate store of value for the smooth functioning of the economy. A store of value is essentially an asset, commodity, or money that can be stored, accessed, and exchanged without depreciating in value. In other words, to be included in this category, the acquired item must have equal or greater value over time.
Gold and other metals are stores of value due to their inherently unlimited shelf life. Interest-bearing assets such as US Treasuries (T-Bonds) are also attractive to investors as they retain their value while generating income. Milk, on the other hand, is not suitable as a store of value because it spoils and becomes worthless.
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FILL IN THE BLANK bonds, stocks, and mutual funds are examples of ____assets, while land, buildings, and vehicles are examples of ___assets. (2 points)
Answer:
financial assets
Fixed assets
Explanation:
9. The price of money
Suppose that Eric borrows $50,000 at 5% per year to purchase equipment for his business.
Complete the following table by calculating the amounts that Eric will have to repay in full if he borrows for three different periods (months), assuming compound interest.
I have completed the problem... is it correct?
I would appreciate a response as soon as possible.
The amounts Eric will repay in full (future value) if he borrows for three different periods (months) with compounding interest are:
Period Amount
(months) (Dollars)
35 $57,839
45 $60,297
50 $61,565.
What is the future value?The future value is the compounded present value of the borrowed credit.
We can use an online finance calculator to compute the future values for various periods.
Future Value at 35 months:N (# of periods) = 35 months
I/Y (Interest per year) = 5%
PV (Present Value) = $50,000
PMT (Periodic Payment) = $0
Results:
Future Value (FV) = $57,839
Total Interest = $7,839
Future Value at 45 months:N (# of periods) = 45 months
I/Y (Interest per year) = 5%
PV (Present Value) = $50,000
PMT (Periodic Payment) = $0
Results:
Future Value (FV) = $60,297
Total Interest = $10,297
Future Value at 50 months:N (# of periods) = 45 months
I/Y (Interest per year) = 5%
PV (Present Value) = $50,000
PMT (Periodic Payment) = $0
Results:
Future Value (FV) = $61,565
Total Interest = $11,565
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sales returns: multiple choice refer to merchandise that customers return to the seller for a refund. refer to reductions in the selling price of merchandise sold to customers. represent cash discounts. represent purchases discounts. are not recorded under the perpetual inventory system until the end of each accounting period.
Sales returns is refer to merchandise that customers return to the seller for a refund.
What is a sales return? When a consumer or client returns a product back to the seller, it is referred to as a sales return. There are a variety of justifications for returns by customers, including: Excessive quantity: A consumer may have ordered more goods than they require, or a business may have mistakenly shipped excess goods.Product returns: Describe decreases in the selling price of goods that are provided to customers. Under the perpetual inventory method, are not recorded until the end of each accounting period. Describe the goods that buyers later return to the merchant.The term "return on sales" (ROS), which is often referred to as "operating margin" or "operating profit margin," is a standardised ratio used to describe an operation's profitability as a share of sales revenue.To learn more about Sales returns refer to:
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Where can I get a database of manufacturing business emails for email marketing in india
There are many online resources that offer manufacturing business email databases for marketing in India. Some of these include ListGIANT, Mailbanger, and ListSource.
While choosing any email list, it is important to ensure that it is current and complete. You should also check that the email addresses are valid and that they are from companies in India. Additionally, it is important to check the reputation of any list provider before purchasing a list. Email marketing is a powerful tool for reaching potential customers and having a comprehensive and accurate database of manufacturing business emails in India can help ensure the success of your email marketing campaigns.
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If the State Administrator determines that a securities offering has been made on unfair terms, he or she may do all of the following EXCEPT:Status A. suspend the registration statement without providing an opportunity for a hearingStatus B. suspend the registration statement only if an opportunity for a hearing is providedStatus C. notify the issuer of any proposed actionStatus D. take any actions based on findings of fact and conclusions of law
All of the following, WITH THE EXCEPTION OF (A) suspending the registration statement without giving a chance for a hearing, may be done by the State Administrator if it is determined that a securities offering was conducted under unfair conditions.
The Uniform Securities Act is a model law that any state can use to help them create their own state securities laws. The National Conference of Commissioners on Uniform State Laws was responsible for its creation.
In addition to the federal Securities and Exchange Act, the Uniform Securities Act (USA) offers fundamental investor protection against securities fraud. Only securities that are not governed by the Securities and Exchange Commission are covered under the act.
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the higher the ris associated with a bond issue, the what the intrest rat eht eorganisation must offer the ivnestors
The higher the risk associated with a bond issue, the higher the interest rate the organization must offer the investors.
When an organization issues bonds, it is essentially borrowing money from investors in exchange for a promise to pay back the principal plus interest over a period of time. The risk associated with a bond issue refers to the likelihood that the organization will be able to make these payments as promised. The higher the risk, the less likely it is that the organization will be able to make the payments, and thus, the higher the interest rate that investors will demand in order to compensate for the added risk.
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the main purpose of a coding is to determine the caption under Which acorrespondence is ro filed
A system that places topic headings in precise alphabetical order rather than grouping them according to their conceptual connections.
What is meant by Alphabetic Correspondence Filing?a system that places topic headings in precise alphabetical order rather than grouping them according to their conceptual connections. A registered file is a well-organized collection of documents that are stored together for reference and are related to a certain subject, kind of transaction, or line of business. The initial five steps in filing. Sorting, storing, and filing are included after conditioning, release, indexing, and coding. involves gathering all relevant papers into one pile, taking out all paper clips and staples, affixing smaller papers to larger records, and mending broken records. There are three often used forms of filing arrangements: alphabetical, numeric, and alpha-numeric. These three types are intended to file and reference records in distinct ways.To learn more about Alphabetic Correspondence Filing refer to:
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Knowledge Check 01Match the term and the definition.Emphasizes decision affecting the future. Managerial AccountingEmphasizes relevance Managerial AccountingEmphasizes financial consequences of past activities Financial AccountingNot required to follow GAAP Managerial AccountingEmphasizes objectivity Financial AccountingKnowledge Check 02Planning involves ________.-hiring employees-setting goals and objectives-analyzing financial statements-coordinating company activities
Each term is involved in planning. It involves establishing priorities, selecting staff, evaluating financial reports, and coordinating business operations.
What do you mean by planning?
The process of planning entails selecting a desired outcome, then identifying the steps and resources required to bring it about.
It entails examining the present and past, predicting the future, and determining the resources required for effective implementation.
Planning is a crucial component of management because it makes it easier to identify objectives, rank tasks, and delegate roles and responsibilities. Additionally, it aids in minimizing risk and uncertainty.
The timely and cost-effective achievement of organizational goals can be ensured with the aid of careful planning.
Planning can also assist in identifying potential barriers and formulating strategies.
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which of the following statements is an accurate interpretation of the diagram for sustaining a competitive advantage? the best way for a new business to sustain a competitive advantage is to have the fastest computers. a new business can still achieve a sustained competitive advantage after having answered no to one of the questions. a new business with a first-mover advantage would answer yes to the first question. a business plan summarizes the decisions an entrepreneur has made about the business strategy and structure. the u.s. small business administration suggests that a good business plan include the following components:
The Sustaining Competitive Advantage Diagram suggests that the best way for a new business to create a sustainable competitive advantage is to answer "yes" to the first question.
This question focuses on the concept of first-mover advantage, which is the advantage gained by being the first firm to enter a given market and set the rules of competition. A first-to-market advantage can be gained by having the fastest computers, offering the lowest prices, or having the most innovative technology. This can be achieved by building a strong customer base, developing a high-quality product or service, or creating a well-known brand. Ultimately, a good business plan outlines the decisions an entrepreneur has made about business strategy and structure to create a sustainable competitive advantage.
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Which of the following tasks would be included in the marketing mix?
Evaluating various distribution alternatives to determine the best way to get the products to the consumer. Thus option A is correct.
What is a marketing mix?A foundational business model known as the "marketing mix" has historically focused on the four Ps of. The "collection of tools that the company utilizes to execute its goals in its target marketplace" .
Merchandise are those that are in their complete version and are prepared to be bought and enjoyed by people or houses for their own personal consumption.
Goods are regarded as business items if they are purchased by a firm for internal use. Therefore, option A is the correct option.
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The question is incomplete, the complete question will be :
Evaluating various distribution alternatives to determine the best way to get the products to the consumer
Giving cheap products and charging the customers low amounts.
making the products available in a timely manner.
The distribution should be made on an unequal basis depending what the customer will buy
WILL GIVE BRAINLIEST!!!!!
What determines the effectiveness of the recruitment process?
Finding the perfect applicant within one week
Attracting the right number of applicant at the right time
Gathering a large number of resumes for all positions in the company
The ability to hire trained employees away from competitors
Answer:
The effectiveness of the recruitment process can be determined by a variety of factors, including:
Attracting the right number of applicants at the right time: The recruitment process should be able to attract the right number of applicants who possess the necessary qualifications and skills for the open positions.
Finding the right fit: The recruitment process should be able to identify the most suitable candidates for the open positions, based on their qualifications, skills, and experience.
Cost-effectiveness: The recruitment process should be able to attract the right candidates at a reasonable cost.
Time-effectiveness: The recruitment process should be able to identify and hire the right candidates in a timely manner, without taking too long.
Compliance with legal and ethical standards: The recruitment process should be in compliance with all relevant legal and ethical standards.
Positive impact on the organization: The recruitment process should have a positive impact on the organization by bringing in the right employees and improving the overall performance of the organization.
It's worth noting that finding the perfect applicant within one week, gathering a large number of resumes for all positions in the company, and the ability to hire trained employees away from competitors may be desirable but they are not the only criteria to determine the effectiveness of the recruitment process.
refer to exhibit 22-4. the firm sells its product at p1 and produces q1. given this situation, group of answer choices total variable cost is equal to area 2 area 3. total revenue is equal to area 1 area 2. total cost is equal to area 1 area 2 area 3. profit equals area 1. none of the above
The company develops Q1 and sells its goods at P1. In this case, the total cost is area 1 plus area 2 plus area 3.
What is the total amount?Overall cost refers to the total cost of manufacturing, which takes into account both fixed and variable expenses. The sum of all costs involved in the creation of a good is the total cost, as used in economics.
Total cost is the total of all costs incurred in order to produce any form of output. The total cost idea is more practical from an accounting perspective because overhead costs must be allocated to specific assets in financial reporting.
Why does total cost matter?The upfront cost of an item can be easily calculated; however, it is more challenging to anticipate hidden costs. A TCO assessment, which takes into account expenditures for maintenance, support, and licenses, can help you better understand the indirect costs that would accrue over the course of the product's existence.
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Which of the following tends to be most predictable for purposes of analytical procedures applied as substantive procedures?
For the purposes of analytical procedures used as substantive procedures, relationships involving income statement accounts tend to be the most predictable.
What is in an income statement?An income statement or profit and loss account is one of a company's financial accounts that lists the company's revenues and costs for a specific time period. It describes the process of converting revenues into net income or profit.
An income statement shows a company's revenues, costs, and profitability over time. It is also known as an earnings statement or a profit-and-loss (P&L) statement. It displays your product or service sales, revenue-generating costs, and business management costs.
Income statements are usually given more attention than other financial statements in corporate financial announcements. The following are some key concepts from this reading: The income statement includes revenue, costs, and net profit.
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Completed question :
Which of the following tends to be most predictable for purposes of analytical procedures applied as substantive tests?
a. Relationships involving balance sheet accounts.
b. Transactions subject to management discretion.
c. Relationships involving income statement accounts.
d. Data subject to audit testing in the prior year.
a. perez invests $10,000 cash into a partnership. the journal entry to record this transaction will include which of the following entries? (check all that apply.) multiple select question. debit to a. perez, capital debit to cash credit to cash credit to a. perez, withdrawals debit to a. perez, withdrawals credit to a. perez, capital
When Perez invests $10,000 cash into a partnership, then the journal entry to record the transaction will be a debit to the cash and credit to Perez, withdrawals. Therefore, the option A holds true.
A journal entry always expresses or represents a dual effect to the accounts of the firm. Equal debit and credit effects take place whenever an accounting transaction takes place. If there is an investment transaction, then cash will always get debited since the cash is divested into the classes of capital.
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To maximize profits, a firm will employ workers until for the last worker employed:
a. marginal product of labor is equal to the nominal wage rate
b. the value of the marginal product of labor is equal to the wage rate
c. the value of the marginal product of labor is equal to the price per unit of output
d. the value of the marginal product of labor is as high as possible.
This ensures that the firm is getting the most value for the cost of each worker's wages and maximizing profits.
What is the profit maximizing condition for a firm in hiring inputs?The correct answer is the value of the marginal product of labor is as high as possible.This means that the firm will continue to hire workers until the additional output that each worker produces (the marginal product of labor) is equal to the highest possible value. At this point, the firm is getting the most value for the cost of each worker's wages. Any additional workers hired would not increase the value of output enough to justify the cost of their wages. This is known as the principle of diminishing marginal returns, where the marginal product of labor eventually decreases as more workers are added.The value of the marginal product of labor refers to the additional output that a worker produces, taking into account the cost of their wages. In order to maximize profits, a firm will want to ensure that the value of this marginal product is as high as possible. This means that the firm will continue to hire workers until the additional output that each worker produces is equal to the highest possible value.To learn more about marginal product refer to:
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Based on the following passage, which of these structures is likely to have the shortest lifespan? Buildings sometimes live—and are lived in—for hundreds of years, barring unforeseen circumstances such as fires and natural disasters. Other buildings are designed to have a shorter lifespan, such as a football stadium, which rarely lasts longer than a single generation. city hall shopping mall apartment building mobile home
From the passage that we have here, the building that would have the shortest life span would be a mobile home. Last option.
What is a lifespan?In contrast to life expectancy, which is the average total number of years that a person lives, life span is defined as the greatest number of years that a person or item may live.
A species' life span, also known as longevity, is the amount of time it can survive under ideal circumstances.
Genetics, environment, and lifestyle all have an impact on the length of human life (longevity).
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the partnership agreement of c. hahn and d. barry states that hahn receives 75% and barry 25% of partnership income and losses. the partnership's net income is $100,000 and is allocated to the partners when the income summary account is closed. which of the following will be credited to close the income summary account?
Correct answer is C. Hahn, Capital for $75,000
Revenues and costs are closed to income summary. Income precis is then closed to the partner's capital accounts.
D. Barry, Capital will be credited for $25,000.
What is partner's capital account analysis?Schedule M-2, Analysis of Partner's Capital Accounts is the area in Form 1065, U.S. Return of Partnership Income the place the partnership reviews to the IRS what brought about the adjustments to the partners' capital bills on the partnership's books and records.
What impacts a partner's capital account?Some examples of the effect on the partner's capital account and backyard groundwork include: Contributions to partnership – Increases capital account and outdoor basis. Distributions – Decreases capital account and outside basis. Distributive share of income and loss – Increases/decreases capital account and outside basis.
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https://brainly.com/question/30226227#SPJ4you have been asked to identify and prevent quality problems in your organization's production line. talk about some of the tools that you use to identify the causes of these quality problems.
There are 5 tools that you use to identify the causes of these product quality problems.
• Statistical Process Control (SPC): SPC is a data-driven methodology used to analyze production processes and identify underlying causes of quality issues. It involves collecting and analyzing data from the production line, and using charts and graphs to identify trends and areas of improvement.
• Process Mapping: Process mapping is a visual representation of a production process, including the steps, inputs, resources, and outputs. It can be used to identify potential areas of quality problems and inefficiencies.
• Root Cause Analysis: Root cause analysis is a tool used to identify the underlying cause of a quality issue. It involves breaking down the problem into smaller pieces and analyzing each element to identify the root cause.
• Quality Assurance Audits: Quality assurance audits are a systematic review of an organization’s processes and procedures to identify areas where quality problems can occur. Audits can highlight potential issues and provide recommendations for improvement.
• Quality Control Checklists: Quality control checklists are a set of criteria used to evaluate the quality of products or services. They can be used to identify areas of quality problems and provide guidance for making improvements.
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if dan eventually gifts his entire business interest to her, which one of the following statements is correct?
The actions and endeavors of a person engaged in the business of creating or providing goods or services with the intention of doing so for profit are likewise considered to be business.
Amy will have a $500,000 carryover basis in the property.
What is business?Definition in business. The term "business" designates an innovative person, group, or organization that engages in commercial activity. They might be business-related, industrial, or something else.A company is, in general, any organization or entrepreneurial body that engages in commercial activity in a trade or profession.Whether a firm pursues profit or not depends on its core motivation. All of these organizational forms—corporations, partnerships, limited liability companies, and sole proprietorships—are acceptable for use in business.In conclusion, Amy's carryover basis will be $500,000 in the event of a property sale.The Complete Question is business.
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A person who renders advice on fixed annuities for a fee; and who then sells the annuities, charging a commission, must register as a(n):I investment adviser in that StateII broker-dealer in that StateIII agent in that StateA. I onlyB. I and IIC. I and IIID. None of the above
A person who renders advice on fixed annuities for a fee; and who then sells the annuities, charging a commission, must register as a(n):I investment adviser in that StateII broker-dealer in that StateIII agent in that State-B. I and II
A person who renders advice on fixed annuities for a fee and then sells the annuities, charging a commission, must register as both an investment advisor in that state and a broker-dealer in that state. They would also need to be registered as an agent in that state if applicable.A person who provides advice on fixed annuities for a fee and then sells the annuities, charging a commission, must register as an investment advisor in that state to provide the advice, and as a broker-dealer in that state to sell the annuities. They would also need to be registered as an agent in that state if applicable. This is to ensure that the person is following proper regulations and is able to provide accurate and appropriate advice to their clients.
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fill in the blank. the statement of retained earnings explains changes in equity from net income (or loss) and from any___over a period of time. (select the accounts below which will correctly complete this question.)
The statement of retained earnings explains changes in equity from net income (or loss) and from any investments and dividend over a period of time.
The accumulated net earnings or profits of a firm after dividend payments are referred to as retained earnings. The term "held" refers to the fact that such earnings were not distributed to shareholders as dividends, but were instead retained by the corporation. Retained earnings fall when a corporation loses money or pays dividends, but rise when new profits are generated. A dividend is a distribution of a company's earnings to its shareholders that is established by the board of directors of the firm. Dividends are normally handed out quarterly and might take the form of cash or more equity investments. An investment is an asset or object purchased with the intention of earning revenue or increasing in value. Appreciation refers to a growth in the value of an item over time.
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e ksa methods of involving clients/client systems in problem identification (e.g., gathering collateral information
Social workers put a lot of effort into helping clients pinpoint their issues and areas of strength and developing their problem-solving skills.
Clients' definitions of problems should be respected, and they should be asked what they would like to alter in their life. Asking clients about the routes they would like to pursue to effect desired changes is a good idea. A crucial element of the psychiatric admission process is collateral information, which is gathered by clinicians from the patient's connections who are known to them. They are not directly connected to the client and may be different people or data. They offer statistics that can support the information the client gave the social worker. Social professionals can use this information to create successful treatment and intervention plans.
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question 11 which of the following is true of an effective project manager in an organization? quizerry
This represents the benefit of prioritization in project management. Because it gives venture direction and leadership, project management is essential.
Because it provides predictable results, reduces costs, boosts process efficiency, improves customer satisfaction and service quality, and gives your company a competitive edge, project management is beneficial. Because it gives venture direction and leadership, project management is essential. Without project management, a team may be like a ship without a rudder—it might be moving, but without aim, control, or direction. Only under strong leadership can team members deliver their best work. Setting items or actions in order of importance in relation to one another is the process of prioritization. In the context of a medical evaluation, determining the importance or urgency of actions needed to maintain the client's or patient's welfare.
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when analyzing municipal general obligation bonds of different issuers, it is difficult to use the ratio of overall debt / assessed valuation because:
1. Different municipal issuers have different debt structures, including the type and amount of debt, the maturity schedules, and the debt service requirements.
What is debt structures?Debt structures refer to the terms, conditions and structure of a debt agreement between a lender and a borrower. It includes the amount of the loan, the interest rate, the repayment schedule and the security arrangement between the parties. Debt structures are designed to facilitate the repayment of the loan while providing the lender with the assurance that the loan will be repaid.
2. Assessed valuations vary widely among municipalities and can be based on different factors and methods.
3. The debt / assessed valuation ratio does not take into account the financial condition of the issuer, its ability to meet debt service requirements, and the economic conditions of the municipality.
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karlovsky and sons inc., a retail corporation, reports financial losses for three years in a row. two larger corporations, gatsby retail inc. and chelsea sales corp. compete to acquire karlovsky and sons. initially, chelsea places a higher bid than gatsby retail but eventually backs out of the merger. in the end, a boston-based multinational company (mnc) named j.y. corp. acquires karlovsky and sons and permits the latter to expand as a wholesaler. which of the following is the surviving corporation in this scenario?group of answer choices
The surviving corporation in this scenario is group of answer choices are J.Y. Corp.
What is corporation?A corporation is a type of legal body established by shareholders, stockholders, or other private parties with the intention of making a profit. Corporations can take many different forms, but typically involve the creation of a separate legal entity that has limited liability for its owners, or shareholders. It is managed by a board of directors, elected by the shareholders, and is meant to have a perpetual duration. Corporations are typically owned by a large number of shareholders, who are entitled to a share of the profits and are subject to certain regulations and restrictions. Corporations also have an obligation to pay taxes, and may be held liable for any wrongdoing that occurs within the company.
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Minksine Corporation employs Sandy as its marketing manager. Sandy is driving her sedan to attend a meeting with a client on behalf of her employer. On her way to the meeting, Sandy is involved in an automobile accident that is caused by her negligence. Several people are seriously injured in the accident. Which of the following is true of this case? A) Sandy is solely liable for damages caused by the accident. B) The injured people cannot recover damages from Sandy. C) Minksine Corporation is liable for the injuries caused by Sandy D) The injured people can only claim medical reimbursement from Minksine Corporation.
In this case, Minksine Corporation is held liable for Sandy's injuries.
What is case law?Case law is based on judicial decisions rather than constitutions, statutes, or regulations. Case law is concerned with unique disputes that are resolved by courts based on the specific facts of a case. Statutes and regulations, on the other hand, are written in a more abstract style.
Case law, also known as common law, refers to the body of precedents and authority established by previous judicial decisions on a specific issue or topic. In this regard, case law varies by jurisdiction. Case law from California, for example, would not be used to decide a case in New York. Instead, the issue will be examined by New York courts using binding precedent.
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Suppose a monopolistically competitive firm is producing the profit-maximizing level of output and is earning an economic profit in the short run. Then:
If a monopolistic competitive firm is producing the profit-maximizing level of output and is earning an economic profit in the short run, then it is likely that the firm will attract new competitors into the market.
This is because in a monopolistic competition market structure, there are many firms producing similar but not identical products, and entry and exit are relatively easy. Therefore, as the firm earns an economic profit, other firms will enter the market, leading to an increase in the number of firms and a decrease in the market price. This will lead to a decrease in the firm's profit, and eventually the firm's profit will be driven down to zero, this is a state called "long run equilibrium". In the long run, all firms will earn only normal profit and there will be no economic profit.
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A court-appointed administrator for a probated estate in Georgia distributes the proceeds from the sale of real property in the following manner: one-third to the surviving spouse and two-thirds to the surviving children. The administrator would probably be following what statutory policy in the state?
A)Absolute controlling power of the will
B)Year's support
C)Intestate succession
D)Probate court's interpretation of will
The administrator would most likely be following the state's statutory policy of B)Year's support.
The administrator would most likely be following the state's statutory policy of year's support. Year's support is a statutory policy that allows an administrator of an estate to provide for the needs of a decedent's family for one year after the decedent's death. The administrator is required to use the decedent's estate to provide for the reasonable needs of the decedent's family, such as food, shelter, clothing, and medical expenses. The administrator is also responsible for paying the decedent's debts and taxes. The amount of money provided for the family's needs is determined based on the size of the estate and the size of the family. The policy is designed to provide the family with some financial security while they are adjusting to the death of the decedent and finding ways to support themselves.
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Buddy thinks one of Holly's marbles would be a great addition to his collection. As offeror, Buddy proposes a swap: two of his aggies for one of her cat's eyes. Holly listened to Buddy's offer and, then, countered with her own: one of her cat's eyes for two of Buddy's aggies AND one oxblood. Consider what you know of this scenario and select the response that accurately states the roles played by each party to this marble negotiation.A. Buddy was exclusively an offeror, while Holly was exclusively an offereeB. Buddy and Holly were bother offerors and offerees at different timesC. Buddy was exclusively an offeree, while Holly was exclusively an offerorD. Buddy and Holly were both exclusively offerors
The correct answer is B. Buddy and Holly were both offerors and offerees at different times.Revocation of offer is the termination of an offer.
The offer is revoked by the offeror so that it can no longer be accepted, and it becomes effective as soon as the offeree is made aware of it. An offer may be withdrawn by the offeror before it is accepted, but the offeree must be properly informed of the cancellation. In light of this, the need that an offer be effectively conveyed to the offeree means that the offeror must notify the offeree of the offer in some way that is effective. This process is known as REVOCATION.
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