Answer: No. Richard is wrong as the letter may be admitted to court.
Explanation:
Based on the information given, Richard is wrong as the letter may be admitted to court.
It should be noted that prior evidence as well as contemporary evidence is excludable, but only in a situation whereby it alters the contract terms. In this case, the evidence is admitted in order to prove that Richard is fraudulent in the inducement.
A _______________ guarantees that if the contract owner of a variable annuity dies prior to annuitization the beneficiary will receive at least as much from the variable annuity as the owner paid in premiums.
Answer:
Guaranteed Death Benefit
Explanation:
A guaranteed death benefit may be defined as a benefit term which guarantees that a beneficiary will surely receive a [tex]\text{death benefit}[/tex] if the annuitant expires or dies before the annuity begins paying the benefits.
It is a safety net where when the annuity dies while making the payments or the contract is in the accumulation phase.
Variable annuity is defined as an agreement or a [tex]\text{contract}[/tex] between a person and the [tex]\text{insurance company}[/tex], under which the [tex]\text{insurer agrees}[/tex] to make [tex]\text{periodic payments}[/tex] to the person, beginning either immediately or at some future date.
Thus, [tex]\text{Guaranteed Death Benefit}[/tex] guarantees a beneficiary to receive payments from the variable annuity which is guaranteed by the Guaranteed Death Benefit when the contract owner of the variable annuity dies before annuitization.
Plankton Company uses LIFO for all of its inventories. During its second quarter of 20X1, Plankton experienced a LIFO liquidation. Plankton fully expects to replace the liquidated inventory in the early part of the third quarter. How should Plankton report the inventory temporarily liquidated on its income statement for the second quarter
Answer: Cost of goods sold for the second quarter should include the expected replacement cost of the goods temporarily liquidated
Explanation:
LIFO and FIFO are the methods that are used for inventory management. In order for Plankton to report the inventory temporarily liquidated on its income statement for the second quarter, the cost of goods that is sold for the second quarter should consist of the expected replacement cost of the goods temporarily liquidated.
Economists argue that: (1pts) Question 4 - Economists argue that: Select b) there is an opportunity cost associated with all decisions. as your answer b) there is an opportunity cost associated with all decisions. Select c) economic decisions do not have opportunity costs but other decisions do. as your answer c) economic decisions do not have opportunity costs but other decisions do. Select a) accounting costs consider all types of costs including implicit costs as your answer a) accounting costs consider all types of costs including implicit costs Select d) economic decisions should consider sunk costs as your answer d) economic decisions should consider sunk costs
Answer:
b) there is an opportunity cost associated with all decisions.
Explanation:
An opportunity cost represents a potential benefit for the individual and business. An opportunity coast shows business users the concept of education decisions. As they have multiple options before them. It is the value of what one looses over another value.IF YOU KNOW BUSINESS!!! PLS I NEED HELP!!!!
Open-market purchases by the Fed
a. make the price level and value of money fall.
b. make the price level rise, and make the value of money fall.
c. make the price level and make the value of money rise.
d. make the price level fall, and make the value of money rise
Answer:
a is the acceleration of the declaration
what is accounting in entrepreneurship
Answer:
Definition: A business's bookkeeping system that tracks the money coming in vs. the money going out. Aside from every business owner's inherent desire to stay in business, there are two other key reasons to set up a good bookkeeping system: 1.
Capital has diminishing returns in the Solow model, but ideas do not have diminishing returns in the Romer model because Group of answer choices capital is scarce, but new ideas are not scarce. capital is a rival object, but ideas are non-rival. capital depreciates because it is a physical object, but ideas cannot depreciate because they cannot physically break over time. capital is excludable, but ideas are non-excludable.
Answer:
capital is a rival object, but ideas are non-rival.
Explanation:
The ideas are non rivalrous and have no restrictions on their return.Short Answer Questions What is a public enterprise? Explain the main features of public enterprises. 1.
Answer:
A business organization wholly or party owned by the state and controlled through a public authority is called public Enterprise.
Government ownership and control,main motive of service,autonomy,continuity is one feature of public Enterprise.
Ground water is a vital water resource in the Choushui River area of Taiwan. A significantly increased demand for water, resulting from rapid economic development, has led to large scale ground water extraction. Overdraft of ground water has considerably lowered the ground water level, and caused seawater intrusion, land subsidence, and other environmental damage. Sound ground water management thus is essential. Chinese government officials have set up a(n) _____ system that allows it to make water management decisions using interactive computer models based on real-world processes. Group of answer choices
Answer:
Decision support
Explanation:
A decision support system (DSS)
This is simply known as a computer program application. it helps in breaking down (analyzes) of business data and bring it out in a way that users can make business decisions more quick and easy. it is also known as a form of an organized collection of people, procedures, software, databases, and devices that helps decisions making that solves problems. they are often used at all levels. DSS capitalizes on decision-making effectiveness regarding unstructured or semistructured business problems and it provides rapid access to information, handles large amounts of data from different sources, provides report and presentation flexibility etc.
Decision support systems are often compared to artificial intelligence agents.
which of these transactions types increase how much you owe the credit card company
Answer:
hope it is helpful to you
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Historically, investments in the ________ have experienced the greatest returns.
Bond market
Real estate market
Stock market
Money market
Answer:
C. Stock market.
Explanation:
Stock market have experienced the greatest returns, even tho they are long term. ♥
Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They plan to set the price of their product at $8. The marginal cost of Firm A is $5 and Firm B is $4.50. If firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, which of the following situations would likely occur? A. Firm B reduces the price to $7 causing Firm A to exit the market. B. Firm B reduces the price to $7 causing Firm A to reduce its price to $7. C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50. D. Firm A reduces the price to $7 causing Firm B to exit the market.
Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.
Explanation:
Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.
Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.
Product differentiation by incumbents act as an entry barrier because a. incumbents will take legal action if new entrants do not differentiate their products. b. it helps a firm to derive greater economies of scale. c. new entrants cannot differentiate their products. d. new entrants will have to spend heavily to overcome existing customer loyalties.
Answer:
d. new entrants will have to spend heavily to overcome existing customer loyalties.
Explanation:
When the product is different and can be recognized by an incumbent so the same should be acted as the entry barrier as the new entrants should spend more amount so that they would able to overcome the loyalties of the customer that are pre-existed in the market
So according to the given situation, the option d is correct
And, the remaining of the options should be incorrect
Product differentiation by incumbents act as an entry barrier because new entrants will have to spend heavily to overcome existing customer loyalties. Hence option D is correct.
Product differentiation by incumbents can act as an entry barrier for new competitors because established firms have already built brand loyalty and customer relationships. This makes it difficult for new entrants to attract customers away from the existing offerings.
To overcome this barrier, new entrants would need to invest significantly in marketing, advertising, and promotion to differentiate their products and create their own customer base. This can require substantial financial resources and marketing efforts to establish brand recognition and gain customer trust and loyalty.
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All of the following are true regarding a decreasing term policy EXCEPT
A. The payable premium amount steadily declines throughout the duration of the contract.
B. The death benefit is $0 at the end of the policy term.
C. The contract pays only in the event of death during the term and there is no cash value.
D. The face amount steadily declines throughout the duration of the contract.
The statement "The payable premium amount steadily declines throughout the duration of the contract" is not true in the context of decreasing term policy.
To know that which statement is not true, we will the facts associated with 'Decreasing Term Policy';
The insurance amount keeps reducing with the policy's life at a rate which is previously decided at the time of insurance.The amount paid in premium remains stable across the duration of the insurance. Such a policy pays a non-consolidated amount if the insurer dies prior to the maturity of the agreed term.Thus, this shows that option A asserts a false claim regarding 'Decreasing Term Policy.'
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A residence was assessed annual county property taxes of $5,000. The residence was occupied by a life tenant who lived on the premises rent-free. The residence could have been rented to a third party for $2,000 a month. The life tenant did not pay the property taxes. Instead, the holder of the remainder interest paid them to prevent the county from imposing a lien on the property or possibly foreclosing on the property. The fair market value of the life estate was 10 percent of the fair market value of the property held in fee simple absolute. Can the holder of the remainder interest recover the tax payment from the life tenant
Answer: Yes, because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.
Explanation:
Based on the information given, the holder of the remainder interest can recover the tax payment from the life tenant because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.
It should be noted that it's the obligation of life tenants to pay all ordinary taxes on the land as well as the interest on the mortgage. In a situation whereby an incime isn't produced by the property like in the scenario given in the question, then the life tenant will be responsible for the taxes and the interest on the mortgage to the extent of a reasonable rental value of the land.
You are new to an organization and do not really know what to expect about the socialization process. You recently received your MBA and have an undergraduate degree in computer science. Your new firm is a software development company with an emphasis in the healthcare industry. Your hiring process included campus interviews, a daylong trip for an interview at the company, an offer phone call and letter, and some promotional material sent via the mail. When you arrive for your first day at work, you spend half a day in an orientation session that is conducted by the human resources department, where you complete paperwork and receive a company handbook. Then you spend the rest of the day with your supervisor, who gives you a tour, introduces you to your co-workers, and explains your first project. After that, you begin working and getting to know the others in the company. You find that in most respects, your experience fits your expectations, but in some ways you are surprised by realities that you hadn't expected. None of these surprises is too difficult to accept, so you eventually begin to feel at home and happy with your new job. When you begin to notice things that are not as you expected, you are in the ________ stage of socialization. encounter post-arrival orientation prearrival metamorphosis
Answer: encounter
Explanation:
Since the person is new to the organization and begin to notice things that are not going as expected, then the person is in the encounter stage of socialization.
Encounter stage is known as the second phase of socialization. It is the point of entry when a person first enters their new job. It depicts change and is a surprise of the newcomer.
Your friend Reggie needs to write a resume and asked for your help. In at least 150 words, create a guide for Reggie. What are the essential parts of the resume? What will he need to include? What will he need to avoid? Include information about how he should organize.
Answer:
Name
Address
Contact Number
Objective
Work Experience
Extra Curricular Activities
School Graduated
Referral
Signature
Explanation:
Simple steps in making a Resume
Tomorrow is my interview in Lucknow Public School for admission for 9th standard. Can anyone help me by giving some tips and tricks for passing my interview
Franchising offers all the following benefits for franchisers except Group of answer choices franchise agreements require a certain standard of behavior from franchisees, which helps protect the franchise name. franchisers can retain control of their name while increasing global penetration of their products. the franchisee's revenue stream is fairly consistent because franchisers pay fixed fees and royalties. the franchiser's revenue stream is fairly consistent because franchisees pay fixed fees and royalties. franchisers do not have to put up a large capital investment.
Answer:
Franchising offers all the following benefits for franchisers except
the franchisee's revenue stream is fairly consistent because franchisers pay fixed fees and royalties.
Explanation:
When a franchisor gives a franchisee the authority to do business in the franchiser's trade name, using its business system, it is called franchising. The franchisee pays a royalty, including an initial franchise fee, to the franchisor in exchange for this right. In this business arrangement, the franchise right confers on the franchisee the authority to establish branches of the franchising company.
The mere existence of natural resources in a country does not contribute to economic progress unless some conditions prevail.state the condition
Answer:
ᴀꜱ ᴡᴀʀᴍ ᴀꜱ ꜱᴜɴ
ᴀꜱ ꜱɪʟʟʏ ᴀꜱ ꜰᴜɴ
ᴀꜱ ᴄᴏʟᴅ ❄️ ᴀꜱ ᴀ ᴛʀᴇᴇ
ᴀꜱ ꜱᴄᴀʀʏ ᴀꜱ ꜱᴇᴀ
ᴀꜱ ʜᴏᴛ ᴀꜱ ꜰɪʀᴇ
ᴀꜱ ᴄᴏʟᴅ ᴀꜱ ɪᴄᴇ
ꜱᴡᴇᴇᴛ ᴀꜱ ꜱᴜɢᴀʀ
ᴀɴᴅ ᴇᴠᴇʀʏᴛʜɪɴɢ ɴɪᴄᴇ
ᴀꜱ ᴏʟᴅ ᴀꜱ ᴛɪᴍᴇ ⌛
ᴀꜱ ꜱᴛʀᴀɪɢʜᴛ ᴀꜱ ʟɪɴᴇ ➖
ᴀꜱ ʀᴏʏᴀʟ ᴀꜱ ᴀ ᴀɴɢᴇʟ☺️
ᴀꜱ ʙᴜᴢᴢᴇᴅ ᴀꜱ ʙᴇᴇ
ᴀꜱ ꜱᴛᴇᴀʟᴛʜ ᴀꜱ ᴛɪɢᴇʀ
ꜱᴍᴏᴏᴛʜ ᴀꜱ ɢʟɪᴅᴇʀ
ᴘᴜʀᴇ ᴀꜱ ʜᴇᴀʀᴛ ❤️
ᴘᴜʀᴇ ᴀꜱ ɪ ᴡᴀɴɴᴀ ʙᴇ
Explanation:
XxxxxxxxxdThe following happened in a recent M&A transaction:
PP&E of the target company was increased from its original book basis of $650 million to $800 million to reflect fair market value for book purposes in accordance with the purchase method of accounting.
No "step-up" for tax purposes
Original tax basis of $650 million
Assuming a corporate tax rate of 35%, for book purposes, the company should record the following:
A. A deferred tax liability equal to $280 million
B. A deferred tax asset equal to $280 million
C. A deferred tax liability equal to $52.5 million
D. A deferred tax asset equal to $52.5 million
Answer: D. A deferred tax asset equal to $52.5 million
Explanation:
Original book basis of PP&E = $650 million
Fair market value = $800 million
Then, we calculate the difference between the fair market value and the original book value which will be:
= $800 million - $650 million
= $150 million
Then, the deferred tax liabilities will be:
= 35% × $150 million
= $ 52.5 million
Therefore, assuming a corporate tax rate of 35% for book purposes, the company should record a deferred tax asset equal to $52.5 million.
Suppose the marginal cost curve in the short run first decreases, then reaches a minimum, and then increases. If we are at an output where marginal cost is increasing, then: Question 5 options: a) marginal product must be increasing. b) marginal product must be decreasing. c) average total cost must be increasing. d) average variable cost must be increasing.
Answer:
b) Marginal product must be decreasing.
Explanation:
b) Marginal product must be decreasing.
The relationship between the marginal product and the marginal cost is negative which means if the marginal cost increases then the marginal product must fall. If the marginal cost decreases then the marginal product must increase. Therefore, option "b" that states marginal product decreases is the correct answer.
Profession in medical are not practice for money but for public welfare? Do you support this statement? Explain.
please help me
Answer:
Explanation:
if a Doctor decrease his price than poor people can get a better health care for them it
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land$690,000 Sale of salvaged parts already on land$20,000 Demolition of the old building$32,000 Ground-breaking ceremony (food and supplies)$1,800 Land preparation and leveling$8,300 What amount should be recorded for the purchase of the land
Answer:
Purchase of land $710,300
Explanation:
The computation of the amount that should be recorded for the purchase of the land is shown below:
Purchase Price of the land $690,000
Less: Sale of salvaged parts already on the land -$20,000
Add: Demolition of the old building $32,000
Add: Land preparation and leveling $8,300
Purchase of land $710,300
Suppose a project with a negative net present value would provide intangible benefits. To estimate the annual value of intangible benefits needed to accept the project, ______ the negative net present value excluding intangible benefits by the ______.
The fill-in-the banks could be filled with the divide , and the present value factor for an annuity.
The information related to the net present value is as follows:
The net present value is the difference between the present value of the cash flows and the initial investment. If the net present value comes in positive that means the project should be accepted and if it is in negative so it should be rejected.Now in order to measure the annual value of an intangible benefit for accepting the project:
We have to divide the net present value that comes in positive that does not include the intangible benefits from the present value factor for an annuity.Therefore we can conclude that The fill-in-the banks could be filled with the divide , and the present value factor for an annuity.
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which of the following strategies for conflict managment assumes that many conflicts are win-win conflicts
Answer: resolving
Explanation:
Conflict resolution refers to the process whereby two or more parties find a peaceful solution to a conflict. There are several ways to resolve conflict such as arbitration, negotiation, and mediation.
Resolving of a conflict is a win-win situation for both parties. This is because both parties eventually have a satisfactory outcome.
Define service level. Multiple choice question. It is the ratio between average inventory and the level of sales. It is the measure of how well the objective of meeting customer demand is met. It is the number of days of business operations that can be supported with the inventory on hand. It is an event that occurs when no inventory is available.
Answer:
It is the measure of how well the objective of meeting customer demand is met.
Explanation:
An electronics store located in Los Angeles, California, purchases electronics from an electronics corporation located in San Antonio, Texas. On January 19, the electronics store mailed to the corporation an order for $200,000 worth of electronics, specifying that delivery was to be no later than February 25, F.O.B. South Texas Railroad Depot, San Antonio, Texas. The corporation delivered the electronics to the railroad depot on February 15 and notified the electronics store by fax that its order was scheduled to arrive at the Southern Pacific Railroad Depot in Los Angeles on February 20. On February 17, the corporation learned that the electronics store was insolvent. The corporation demands immediate payment in cash for the electronics. Is this demand permissible
Answer: Yes because the electronics store is insolvent.
Explanation:
Since the corporation learned that the electronics store was insolvent, and the corporation demands immediate payment in cash for the electronics, the demand is permissible because the electronics store is insolvent.
In this case, the electronic store is insolvent and therefore, unable to pay the debts that are owed and therefore, the demand is permissible in this case.
The Lend-Lease Bill, introduced in Congress: Group of answer choices authorized the president to sell, transfer, lend, lease, or otherwise dispose of other equipment and supplies to any country whose defense the President deems vital to the defense of the United States. forbade the president to sell, transfer, lend, lease, or otherwise dispose of other equipment and supplies to any country whose defense the President deems vital to the defense of the United States. authorized the president to lend arms to only democratic countries. excluded communist countries from receiving any goods.
Answer:
Authorized the president to sell, transfer, lend, lease, or otherwise dispose of other equipment and supplies to any country whose defense the President deems vital to the defense of the United States.
Explanation:
Lend-Lease Act
This bill was said to come into existence on 11th of March, 1941. The Congress passed the Lend-Lease Act. The legislation gave the President at that time, President Franklin D. Roosevelt the right, powers to sell, transfer, exchange, lend equipment to any country to help it defend itself against the other powers.
It was said that with the Lend-Lease bill stated that country of any kind whose defense the President thinks is very important to the defense of the United States will be given or can be able to receive military equipment, supplies, and other necessary materials even if that country is unable to generate funds to pay for those items.
Family Fashions Corporation discontinued Kid-Choice, its entire line of children's clothing, in November of 2009. Prior to the disposal, Kid-Choice generated a loss of $600,000 (net of tax) for the period from January through the sale date. Because of the value of the real estate and machinery, there was a gain of $850,000 (net of tax) on the actual sale. How should this situation be reported in the financial statements of Family Fashions for 2009
Answer: A $250,000 gain should be in the "discontinued operations" section of the income statement.
Explanation:
Since there was a loss of $600,000 for the period from January through the sale date while there was a gain of $850,000 on the actual sales, then the situation should be reported in the financial statements of Family Fashions for 2009 as a gain of ($850,000 - $600,000) = $250,000 should be in the "discontinued operations" section of the income statement.
Discontinued operations refers to the part of the business which has been shut down or divested. They're separated from the continuing operations when reported.
President Hoover's approach to the Great Depression was to a leave the economy alone to work itself out of trouble. b nationalize major industries. c encourage the states to stimulate spending. d work for the breakup of business monopolies. e offer federal assistance to businesses and banks but not individuals.
Answer:
e. offer federal assistance to businesses and banks but not individuals.
Explanation:
Herbert Clark Hoover was democratically elected as the 31st President of the United States of America and he served from the 4th of March, 1929 to the 4th, March, 1933.
The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).
Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.
Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.
As a result of the aforementioned negative effects, struggling businesses had to lay off workers in order to try to remain open during the Great Depression.
However, President Hoover's approach to the Great Depression was to offer federal assistance to businesses and banks but not individuals.
