A contract to do something that is prohibited by statute is
enforceable if the parties are aware of the prohibition.
enforceable if the parties are ignorant of the prohibition.
enforceable if the contract does not negatively affect society.
unenforceable.

Answers

Answer 1

Contracts prohibited by law are not enforceable. Contracts involving acts contrary to public order and morals are illegal and unenforceable.

What is a non-enforceable contract?

An unenforceable contract is one that is valid but a court has decided not to enforce it. Unenforceable is usually used in contrast to nullifying or voiding a contract. For a contract to be valid, both parties must be able to understand the terms of the contract. A contract is unenforceable if the parties do not understand its terms or how they are bound by them.

How do you know if a contract is enforceable?

The basic elements necessary for a contract to be a legally enforceable are: mutual consent indicated by valid offer and acceptance; capability; legality and due consideration;  In some states, the factor to consider can be met by valid substitutes.

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Related Questions

True or false: the primary purpose of a company's statement of cash flows is to provide information about the company's

Answers

True,  The primary purpose of the statement of cash flows is to provide information about a company's cash receipts and cash payments during an accounting period.

What is information ?Information refers to an abstract concept that relates to anything that  has the power to transmit information. At the most basic level, information relates to the interpretation of what is felt.Information is a stimulus that has meaning to the recipient in a specific context. When information is entered into a computer and stored there, it is commonly called data.Output data can be recognized as information again after undergoing processing such as formatting and printing. This is a data  set  organized for direct use by humans, as the information helps people in their decision-making processes.For example: Timetables, earnings lists, reports, tables with headers, printed documents, pay-slips, receipts, reports and more. Information is defined as knowledge obtained through research, communication, research, or education. Information is basically the result of analyzing and interpreting  data.Data is the individual numbers, numbers, or graphs, but information is the perception of these units of knowledge.

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Question:

True or false: The primary purpose of the statement of cash flows is to provide information about a company's cash receipts and cash payments during an accounting period.

fat possum's service shop started the year with total assets of $330,000 and total liabilities of $240,000. during the year, the business recorded $630,000 in revenues, $420,000 in expenses, and paid dividends of $50,000. stockholders' equity at the end of the year was:

Answers

Stockholders' equity at the end of the year was $240,000.

Total assets refers to the whole quantity of assets in hand by someone or entity. Assets are things of value, that square measure gone over time to yield a profit for the owner. If the owner could be a business, these assets are sometimes recorded within the accounting records and seem within the record of the business.

Total liabilities are the combined debts and obligations that a personal or company owes to outside parties. Everything the corporate owns is classed as associate degree plus and every one amounts the corporate owes for future obligations are recorded as liabilities.

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During the stage ____ of group development, group members begin to recognize and accept their roles, and understand the roles of other members. O conforming norming O performing O storming forming

Answers

During the stage norming of group development, group members begin to recognize and accept their roles, and understand the roles of other members. Therefore, the correct answer option is: B. norming.

What is group development?

In Business management, group development is sometimes referred to as team development or team building and it can be defined as a strategic process which involves an establishment (forming) of an association of people who are saddled with the responsibility of working together as a group while directing their actions towards the accomplishment of a common goal, aim, and objective, either in the long-term or short-term.

What are the stages of group development?

Generally speaking, there are five (5) major stages of group development and these include the following;

Forming stage.Storming stage.Norming stage.Performing stage.Adjourning stage.

During the norming stage of group development, every member of the group recognizes and accept their authority, roles, and understand the responsibilities and roles of other group members.

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Answer: norming

Explanation:

which of the following types of fitness-related businesses is defined as for-profit facilities that offer fitness services as well as raquet sports, pools, and gymnasiums?

Answers

Finding the most and least profitable organizational units depends on understanding profit centers. They work by distinguishing between several revenue-generating pursuits.

This makes it easier to cross-compare and conduct more precise analyses across divisions. A branch or division of a business that directly contributes to or is anticipated to contribute to the overall bottom line is referred to as a profit center. It is handled as a distinct, stand-alone company that generates its own revenues and profits. Its revenues and expenses are computed independently from those of the rest of the company. The phrase "profit center" was first used in 1945 by Peter Drucker.

A branch or division of a business that directly contributes to the bottom line profitability of the company is known as a profit center.

When accounting for its revenues, a profit center is handled as a distinct business.

A cost center, business division, or department that doesn't bring in money is the antithesis of a profit center.

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_____ is the practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteers' efforts of company employees.
Group of answer choices
Ethical responsibility
Financial empowerment
Corporate benevolence
Economic responsibility
Corporate philanthropy

Answers

Corporate philanthropy is the practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteers' efforts of company employees.

The act of a company or organization supporting the wellbeing of others, typically through philanthropic donations of money or time, is known as corporate philanthropy. Corporate philanthropy aids in assisting local areas where businesses are headquartered. In essence, it provides organizations with free money through supporting corporate giving initiatives.

Corporate philanthropy supports nonprofit organizations in a variety of ways, including through volunteer grants and corporate matching donation initiatives. Corporate programs can significantly boost the impact of donations and volunteer work for organizations.

Corporate philanthropy increases employee engagement and adds value to the company. When firms engage in corporate philanthropy, they improve their relationships with customers, foster a great workplace culture, and build their own positive public image.

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A manufacturer of computer game software could use which methodology to test concepts to create an ad to appeal to preteens?
Multiple Choice
storyboard
computer simulation
split-run test
focus group
Delphi technique

Answers

The manufacturer of computer game software uses the focus group method to test ideas before creating an advertisement for preteens. The focus group brings six to ten people together to give feedback on the company's products and marketing campaign. It is a tool to measure the product's potential impact and is based on research.

What is the focus group method?

A focus group is a method of research in which a small group of people participate in a moderated setting to answer questions. The gathering is decided due to predefined segment qualities, and the inquiries are intended to reveal insight into a subject of interest. There are four kinds of interviews.

Is a focus group a method for evaluating an idea?

Group interviews are similar to focus groups. Their purpose is to gather information, just like any other tool for research or evaluation. Focus groups can help us appreciate how people feel about an experience, issue, or service by listening to and observing interactions.

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Issuing 1,000 shares of 5%, $100 par value, cumulative preferred stock for $110 in cash per share affects the accounting equation by ________________
-increasing total assets
-increasing total stockholders' equity
-increasing Additional Paid-in Capital

Answers

Issuing 1,000 shares of 5%, $100 par value, cumulative preferred stock for $110 in cash per share affects the accounting equation by

increasing Additional Paid-in Capitalincreasing Assetsincreasing total stockholders' equity.

shares are units of fairness possession in a company. For a few corporations, shares exist as a monetary asset supplying for an same distribution of any residual profits, if any are declared, inside the shape of dividends. Shareholders of an inventory that can pay no dividends do not participate in the distribution of earnings. In simple phrases, a proportion is a percent of possession in a organization or a economic asset. investors who keep stocks of any corporation are called shareholders. as an example; if the market capitalization of a organization is Rs. 10 lakh, and a single percentage is priced at Rs. In financial markets, a percentage is a unit of fairness ownership in the capital inventory of a employer and may talk to gadgets of mutual finances, constrained partnerships, and real estate funding trusts. share capital refers to all of the stocks of an agency.

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john and wayne are well known economists who had vastly diverse opinions regarding the mortgage crisis. they both had access to the same information. however, john predicted that the crisis would improve dramatically in 5 years, while wayne believed it would take over 15 years to improve. these widely-varying predictions is one of the potential problems with using a

Answers

John and wayne are well known economists who had vastly diverse opinions regarding mortgage crisis. They both had access to the same information. However, John predicted the crisis would improve dramatically in 5 years, wayne believed it would take over 15. these widely varying predictions is one of the potential problems with using a qualitative method

What is Qualitative method?

The qualitative technique is used to comprehend people's attitudes, interactions, behaviours, and beliefs. It produces data that is not numerical. Researchers from several disciplines are paying more attention to the integration of qualitative research into intervention studies. The researcher's observations, questionnaires, focus groups, participant observation, field recordings, documents, case studies, and artefacts are all used to gather data for qualitative research. Most of the data are not numerical. Some of the most popular qualitative techniques are as follows: Observations: writing down in-depth field notes what you have observed, heard, or come across. Interviews: one-on-one talks in which questions are directly asked of participants. Focus groups: a forum for discussion and question-and-answer sessions.

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Ken and Traci are two woodworkers who both make tables and chairs. In one month, Ken can make 3 tables or 18 chairs, whereas Traci can make 8 tables or 24 chairs. Given this, we know that the opportunity cost of 1 table is
a.
1/6 chair for Ken and 1/3 chair for Traci.
b.
1/6 chair for Ken and 3 chairs for Traci.
c.
6 chairs for Ken and 1/3 chair for Traci.
d.
6 chairs for Ken and 3 chairs for Traci.

Answers

According to the given data, the opportunity cost of 1 table is 1/6 chair for Ken and 1/3 chair for Traci. The correct option is (a).

What do you mean by the woodworkers?

A woodworker, such as a cabinet maker, joiner, or carpenter.

The ability to create useful and practical products out of various types of wood is known as woodworking. Although it started out as a job, woodworking is now more of a hobby.

Great woodworkers don't have special abilities or gifts; instead, they have honed a few fundamental techniques. Similar to sports, those who have the best grasp of the fundamentals and the confidence that results from it are the champions.

Children's self-esteem and confidence are greatly impacted by woodworking, and it fosters a sense of agency and a "can-do" attitude. Children can express their creativity and imagination via woodworking.

Therefore, according to the given data, the opportunity cost of 1 table is 1/6 chair for Ken and 1/3 chair for Traci.

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there are 150 new employees at a tech company in southern california. 30 employees are randomly assigned to each orientation group: a,b,c,d, and e. identify the numbers of each of the following:

Answers

In the sample space, 150 new people are working. In each event, 30 new staff are hired. The likelihood that you will select new hires who were placed in orientation group C is P(C)=1/5.

Describe probability.

According to the definition of probability, it is the likelihood that an event will occur multiplied by the proportion of positive outcomes to all outcomes.

Briefing

The probability = number of favorable outcomes /  total number of outcomes.

According to the given situation, the required solution would be as:

Here n(S) = 150, and n (E) = 30

There are 150 new employees in the sample space i.e n(S) = 150

There are 30 new employees in each event i.e. n (E) = 30

The probability that you choose new employees that have been assigned to the orientation group C will be :

P(C) = n (E) /n(S)

P(C) = 30/150

P(C) = 1/5

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Identify which principle applies to each scenario by placing the appropriate label next to each scenario. After spending hours researching his choices, Mark decides on a laptop that will cost him $799. As he walks into his local retailer, a salesman presents him a laptop with marginally better features at the same price. However, Mark would have to do further research to verify that the new alternative is in fact better. As a result, he decides the laptop he previously decided on is good enough and buys it.
Charlotte delivers food for Bojangles, a fried chicken restaurant. Upon delivering a meal to a household during a major icestorm, the family, feeling sorry about Charlotte working in extreme weather, decides to give her a $20 tip for a $10 delivery
Cathy is a very good driver. In fact, she's never gotten into an accident in her life. However, every year she still takes out a car insurance policy.

Answers

(a)Bounded Rationality-After spending hours researching his choices, Mark decides on a  laptop ..buys it

(b)Fairness-Charlotte delivers food...for a $10 delivery.

(c)Risk aversion-Cathy...car insurance policy.

What is bounded Rationality?

Bounded rationality is the theory that, given certain constraints, rational decision-making is constrained, leading rational people to choose a satisfactory course of action rather than the best one.

Limitations include the complexity of the decision-making problem, the mind's cognitive ability, and the amount of time available. According to this theory, decision-makers act as satisficers, seeking a satisfactory answer with what they currently have available rather than an ideal one. Humans therefore do not do a thorough cost-benefit analysis to decide the best course of action, instead opting for a solution that satisfies their adequacy requirements. An illustration of this is when employees in organizations are required to follow business policies; this might lead to constrained rationality because the organization is unable to select the best course of action.

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You work 40 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most?

Answers

I will earn the most salary in $15.00/hour and a $2,000 bonus at the end of the year so overall I will earn $33,200 per year.

First of all the complete question is You work 40 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary and in which situation you will earn the most?

option a) $30,000/year

option b) $15.00/hour

option c) $30,000/year with a 10% bonus

option d) $15.00/hour and a $2,000 bonus at the end of the year

40 hours/week × [tex]52[/tex] weeks = [tex]2,080[/tex] hours a year.

$30,000/year

$15.00/hour × 2,080 hours = $31,200/year

$30,000/year w/ a 10% bonus = 30,000 × 1.10 = $33,000/year

$15.00/hour and a $2,000 bonus at the end of the year = (15 × 2,080) + 2,000 = $31,200 + $2,000 = $33,200/year

Thus, one can earn the most while working $15.00/hour and a $2,000 bonus at the end of the year.

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One major advantage of organizing a business as a sole proprietorship is that:
• A. the business has an unlimited life span.
B. it is fairly simple to get the business started.
• c.
it is easy to quickly raise large sums of capital.
D. risk and liability are divided among many people.


The answer is B

Answers

One major advantage of organizing a business as a sole proprietorship is that it is fairly simple to get the business started. The Option B is correct.

What does sole proprietorship mean?

Also known as an individual entrepreneurship, refers to a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity.

Some of the major advantage of a sole proprietorship includes:

easy to establish and get started.owner retains complete control of the business.no corporate income tax payments.less expensive than other business types

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Linea, an employee of Hard Labor Industries (HLI), is injured in a work-related accident. Based on the diagnosis of Newt, a doctor, Linea accepts $50,000 from HLI and waives the right to future claims. Newt's diagnosis later proves to have been wrong.
Refer to Fact Pattern 14-A1. In terms of the impact on Linea's agreement with HLI, Newt's misdiagnosis is

Answers

Newt's misdiagnosis is a mistake of fact

What are Hard Labor Industries?

The 3.3 million workers in Washington are the focus of the Department of Labor & Industries (L&I), a varied state agency. We assist companies in adhering to safety and health regulations, and we inspect workplaces when dangers are reported.

According to the question:

Linea, an employee of Hard Labor Industries (HLI), is hurt at work and receives $50,000 from HLI in exchange for waiving all further claims when a doctor, Newt, makes a diagnosis.We are also told that Newt's original diagnosis turned out to be incorrect. Newt's incorrect diagnosis will invalidate Linea's settlement with HLI in terms of its effects.They will need to be convinced of the error of their ways in order to reach a settlement with Hard Labor Industries and ensure that Linea is not negatively impacted. As a result, the hospital should reach an agreement.

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comparative advantage vs absolute advantage

Answers

A company's absolute advantage is its capacity to create more of a good or service than a rival. Comparative advantage: When a producer can create a good or service for less money than a rival.

What does a comparative advantage look like in practise?

For instance, if a nation excels in producing both cheese and chocolate, they can choose to allocate the appropriate amount of labour to each product. This nation has a comparative advantage in producing chocolate if it takes one hour of labour to make 10 units of cheese and one hour of labour to produce 20 units of chocolate.

What is an illustration of an unbeatable advantage?

Saudi Arabia is an obvious example of a country having an absolute edge over other countries since it has access to plentiful oil reserves. Other examples include Zambia, which has some of the richest copper mines in the world, and Colombia, whose climate is excellent for growing coffee.

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Sugar Quotas A Sour Deal For U.S. Consumers U.S. sugar farmers have enjoyed protection from imports since 1789 when Congress enacted the first tariff on imported sugar. The Sugar Act of 1934 gave U.S. farmers an even better deal by creating a quota on the amount of sugar that can be imported into the United States. The Farm Bill of 2018 continued that protection, limiting sugar imports to 1.2 million tons per year-just a fraction of the 11 milion tons Americans consume. As a result of that quota, U.S. sugar prices in early 2020 were about 10 cents a pound higher than world prices. That's great news for America's 4,700 sugar farmers but a sour deal for U.S. consumers and manufacturers, who pay more for all sugar products. U.S. candy producers have cut thousands of jobs and moved manufacturing plants to Canada and elsewhere, where sugar is cheaper. Analysts estimate that 3 manufacturing jobs have been lost for every 1 sugar job saved and consumers are paying $2 billion a year in higher sugar prices.
a. How much more are U.S. consumers paying for the 11 million tons of sugar they consume each year as a result of the quotas on sugar imports? (Hint There are 2,000 pounds in one ton.)

Answers

How much more are U.S. Consumer surplus for the 11 million tons of sugar they consume each year as a result of the quotas on sugar imports? =$10.91 billion

Consumer Surplus ΔP = Pmax – Pd, or the price at equilibrium where supply and demand are equal. Pmax = the price a consumer is willing to pay.

=11 million-21.91billion=$10.91 billion

Consumer surplus is a financial estimate of the benefits that consumers receive from market competition. Consumer surplus occurs when consumers pay less for a commodity or service than they would be willing to. It gauges the additional gain that consumers experience as a result of paying less than they otherwise would have been willing to. Consumer surplus and producer excess can be compared. The concept of consumer surplus was developed in 1844 to measure the social benefits of public goods like national highways, canals, and bridges. It has been a vital tool for the study of welfare economics and the formulation of governmental tax policies.

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Marketers will utilize native advertising to help educate their customers about both online and in-store sales specials. This tactic integrates the _____ element of the marketing mix. Multiple Choice place product packaging promotion price

Answers

Marketers will utilize native advertising to help educate their customers about both online and in-store sales specials. This tactic integrates the promotion element of the marketing mix

Native Advertising

Is the idea of creating ads that are so integrated with the content of the page, so adapted to the design and that are so consistent with the behavior of the platform, that the viewer feels natural about the ad.

They focus heavily on promoted search results and sponsored social media posts. Both formats provide the same kind of value to users as organic search results and user-generated social media posts.

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which of the following terms describes the category of cloud computing in which a customer develops applications using development tools and infrastructure provided by the service provider

Answers

Platform as a service describes the category of cloud computing in which a customer develops applications using development tools and infrastructure provided by the service provider.

Depending on the nature of the project, a number of considerations need to be taken into account while choosing the appropriate development tool. Software development tools, which enable programmers (or system developers) design, alter, or test applications programs, are essentially computer programs that operate most frequently on personal computers. Text editors are a few of the often used software development tools. Assemblers/compilers. Project management tools are a collection of software created to assist project teams in project planning, project tracking, and project management in order to meet project goals within a given time frame. Additionally, it fosters productive teamwork and speeds up tasks so they can be completed within the given deadlines.

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During the year, a company had net credit sales of $100,000; past experience indicates that 0.5 percent of these sales, or $500, should result in uncollectible accounts. The entry to record this adjustment will include a debit to the ______ account in the amount of $500.
uncollectible accounts expense

Answers

The entry to record this adjustment will include debit to uncollectible accounts expense account in amount of $500.

What is an expense account?

A right to compensation for money spent by employees for employment-related purposes is known as an expense account. George Washington, who declined to accept a salary and depended on an expense account to pay for his expenditures while serving as the military leader of the American Revolution, is credited with the invention of the expense account in the United States. The Internal Revenue Service has a number of rules that apply to accountable expense accounts. The account must serve a specific, specified business function. Spending from the account needs to be traceable, usually with the help of receipts. Any funds sent to the employee from the account that are not used for business-related expenses and are not properly accounted for must be given back to the employer.

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When the U.S. economy runs a trade ________, it is implicitly asking the rest of the world to ________.

Answers

When the U.S. economy runs a trade deficit, it implicitly asks the rest of the world to finance some of its investment.

Investment is the determination of money to acquire an asset to obtain a growth in price over a time period. Investment requires a sacrifice of a few gift help, including time, cash, or effort. In finance, making an investment aims to generate a return from the invested asset.

The funding includes bonds, shares, and PPF amongst others, which enables growing cash and presents a further source of income. As investment enables us in developing our cash over a certain period of time, there is a particular risk accompanying the funding.

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A monopoly is a market in which there are high barriers to entry, which are restrictions that make it difficult for new firms to enter a market. There are two types of barriers to entry: natural barriers and government-created barriers. Sort the following into the appropriate type of entry barrier.
Taxi companies have market power because it is difficult for new companies to obtain a license to operate.
ALCOA’s production costs per unit of aluminum continued to fall as the firm expanded.
Pfizer obtains a patent to sell a new drug that will cure cancer.
Sam’s Scooters is unable to raise finanancial capital because the company is unknown.
U.S. Steel owned a significant number of iron ore mines, a key input to produce steel.

Answers

A monopoly is a market with high entry barriers or restrictions that make it difficult for new firms to enter a market. Natural barriers and government-created barriers are the two types of entry barriers.

A situation known as monopoly occurs when there is only one seller in the market. The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis. The industry's downward-sloping demand curve is, by definition, the demand curve that the monopolist faces.

When one business and its product control an entire sector of the economy, there is little to no competition and customers are compelled to purchase the particular good or service from the one business. This situation is known as a monopoly.

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ecocinema' vs 'environmental films': films that deconstruct anthropocentric attitudes vs. films that reinforce them p. willoquet-maricondi:

Answers

The goal of ecocinema, a type of filmmaking that may be found in both fiction and non-fiction, is to inform and spread environmental awareness via the medium of film. Environmental documentaries can broaden viewers' perspectives on the environment by raising awareness of a particular issue and inspiring action on behalf of a particular ecological or social cause.

Narratives about the environment and biodiversity loss may be changed with the use of strong media like film. Gaining insight into the audience and impact helps encourage support for the critical and successful conservation efforts taking place all across the world.

Fuel, mostly utilized for cars and generators, was the major cause of emissions for films of all sizes. The same holds true for TV shows. For one-hour written dramas and half-hour single-camera scripted programming, it accounts for over 60% of emissions.

The widespread belief that the human effect on the environment is inherently an unnatural disturbance is a prime illustration of such anthropocentrism.

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A contract for an item or piece of equipment for a specified amount of time and a specified amount of money. is the meaning of?

Answers

An equipment lease agreement is a contractual agreement where the lessor, who is the owner of the equipment, allows the lessee to use the equipment for a specified period in exchange for periodic payments.

What is an Equipment Lease Agreement?

An equipment leasing agreement is a legal arrangement whereby the equipment's owner, the lessor, grants the lessee access to the asset for a certain time in return for regular payments. Vehicles, industrial machinery, or any other equipment might be the focus of the lease.

Once the terms of the lease have been agreed upon by the lessor and lessee, the lessee is granted permission to use the equipment in exchange for making regular payments throughout the term of the lease. However, if the lessee violates the conditions of the lease or uses the equipment for an illegal activity, the lessor maintains ownership of the equipment and is entitled to terminate the equipment leasing agreement.

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Draw an earned value chart for the end of the fi rst week (5 days) assuming the time proportionality rule for the project illustrated in the following network diagram given the following costs and percentage completions:

Answers

Under project network diagram where the related costs and percentage completion stages are defined already with an assumption of time proportionately rule earned value chart can be drawn.

What is Earned Value Chart?

A management technique to show the evolution of earned value metrics through using an value flow chart. Typically, the chart comprises lines for earned value, which is a gauge of how much progress has been accomplished, budget (planned project cost), and actual cost (planned project cost).

Formula for computing the Earned Value from the chart:

E⇒ Earned Value =  Task Budget x Percent complete (actual)

Therefore for drawing the earned value chart one must know about the time proportionality rule of given project, costs and percentage completion stages from a network diagram.

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the five distinct service dimensions that customers use to evaluate how well a service meets or exceeds their expectations include reliability, responsiveness, assurance, tangibles, and

Answers

The five distinct service dimensions that customers use to evaluate how well a service meets  include reliability, responsiveness, assurance, tangibles, and empathy.

What do you mean by quality of service dimension?

Service quality is a measure of how well the services provided meet customer expectations. The definition of service quality and aspects such as what is concrete, reliability, responsiveness, safety and empathy.

Why is service quality important?

It helps businesses increase sales by keeping customers happy and encouraging repeat purchases. High quality service reduces marketing costs as the company retains its customers. Retaining customers is more cost effective than acquiring new ones.

Which dimension of service quality is important to customer satisfaction?

Evaluating the impact of service quality on customer satisfaction suggests that four dimensions of service quality need to be improved in order to increase customer satisfaction: reliability, responsiveness, safety and empathy.

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4. Consider a D/M/1 queue, where arrivals occur every minute. Assuming the system starts empty (first arrival at time t 1 minute), we wish to estimate the probability that a customer has to wait. To simplify things, we will consider only the second customer. For a mean service time of 1 second, estimate the probability based on 1000 replications (a) using straightforward simulation (b) using simulation via importance sampling with mean service time of 1 minutes (c) using exactly analytical calculation. (d) explain how you would carry out (b) over all customers (instead of just the second).

Answers

By using simulation via importance sampling with mean service time of 1 minutes the estimation of probability of 1000 replications is done.

Simply put, probability measures how probable something is to occur. We can discuss the probabilities of various outcomes, or how likely they are, whenever we are unsure of how an event will turn out. Statistics is the study of events subject to probability. The area of mathematics known as probability deals with numerical descriptions of how likely it is for an event to happen or for a claim to be true. A number between 0 and 1 is the probability of an event, where, broadly speaking, 0 denotes the event's impossibility and 1 denotes its certainty. A probability is a number that expresses the possibility or likelihood that a specific event will take place.

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once a company has established a corporate social responsibility program, it is essential for the company to ______

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once a company has established a corporate social responsibility program, it is essential for the company to assess how well it is working.

Corporate social responsibility (CSR) is a business model in which for-profit businesses look for ways to improve the social and environmental conditions while pursuing their own objectives, such as maximizing shareholder value and revenue growth.

Corporate social responsibility is traditionally broken into four categories: environmental responsibility, philanthropic responsibility, ethical responsibility, and economic responsibility.

A company or individual has a moral obligation to make decisions or take actions that are beneficial to and useful to society. This obligation is known as social responsibility. Corporate Social Responsibility, sometimes known as CSR, is the term used to describe social responsibility in business.

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prior to the national minimum drinking age act of 1984, arrest rates for duis among college aged individuals was 1 arrest for every 39 licensed drivers, after the law change, duis decreased 14%

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The National Minimum Drinking Age of 1984, requires the state to prohibit persons under the age of 21 from purchasing or possessing alcoholic beverages in public as a condition of receiving state highway funds.

      From the end of Prohibition until 1984, states established drinking ages; many of them were 21 years old, while several were discounted 18 years old to buy beer. That changed because of the baby boom and the Vietnam War.

         The effect of changing the drinking age law on traffic accidents, injuries, and deaths has been thoroughly studied. These effects are relatively easy to assess for several reasons. Each law applied to all drivers throughout the state on a specific date, so crash results can be compared within the state, before and after the law, and with other states that did not change their laws at the same time.

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Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 88,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity:Issued 10,400 shares of common stock at $5.80 per share.Issued 19,600 shares of common stock at $9.30 per share.Reported a net income of $106,000.Paid dividends of $53,000.Purchased 2,600 shares of treasury stock at $11.30 (part of the 19,600 shares issued at $9.30).What is total shareholders' equity at the end of 2021?Multiple Choice$289,840.$319,220.$266,220.$268,420.

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The net assets of the business are represented by shareholder equity. This includes the company's net earnings as well as all stock shares of various types.

The total equity held by shareholders is A. $250,000.

70,000 shares of stock (10,000 times 7) 160,000 shares of stock (20,000 times 8) 160,000 net income.

The amount of money invested in a business by its owners is known as shareholder equity. This includes the money they've invested directly and the money the company has earned and put back into the business since its inception.

How is shareholders' equity calculated?

Share Capital minus Retained Earnings minus Treasury Stock is Shareholders' Equity. The investor's equation is another name for the share capital method.

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T/F a source of liquidity that arises from the liability side of firm activities is known as credit control.

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A source of liquidity that arises from the liability side of firm activities is known as credit reserves.

When a company, organisation, or financial institution is unable to pay its short-term debt commitments, liquidity risk arises. There may not be enough bidders or an inefficient market, which would prevent the investor or company from selling the asset for cash without forfeiting money and revenue. a counter-account intended to finance anticipated credit losses. Reserve Credit is a clause that allows a cedent to claim statutory statement financial credit for 100% of the reserves that it cedes under a certain reinsurance arrangement in all jurisdictions where it files its financial statements.

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