Answer:
unenforceable;
preexisting duty
Explanation:
Preexisting Duty Doctrine
This is simply regarded as when an individual is already under an obligation to do something. It simply states that the rules and guidelines under contract law that shows that if a party to a contract is under a pre-existing duty to perform, then no second thought (consideration) is taken for the modification of the contract. Modification is then voidable.
3 Types of Legal Duties
1. Public Legal Duties such ad the duty of a police officer to protect lives and properties.
2. Contractual Legal Duties such as unperformed, preexisting contractual promises etc.
3. Private Legal Duties such as the duty to follow the law.
Unenforceable Contracts
This is regarded as a contract that cannot be enforced/given consideration or effect by the court of law etc unless they are settled and corrected according to law.
Kinds of unenforceable contracts
1.) Those entered into in the name of another by one without, or acting in excess of rights or authority;
2.) Those that do not comply with the Statute of Frauds etc.
A South Korean electronics company had to add detailed instructions about the repair and replacement of its product to make it easier for the local consumers to maintain it. Which element of the Product Component Model relates to this issue
The element of the product component model that related to this issue is support service.
There are three layers of the product component model that are as follows:
Core component - core product.Packaging component - price, quality, trademark, etc Support service component - repair, replacement, etc.Since the company added the detailed instructions related to the:
repaid & replacement in order to maintain it.So this issue should be related to the support services as the company could support the clients if there is any repair or replacement issue,
Learn more about the consumer here: brainly.com/question/13420317
For anything to be considered money it must be Group of answer choices either a commodity or a token, as long as it is generally accepted as a means of payment. a valuable commodity, such as gold. a token, such as a green piece of paper. used in barter transactions
Answer:
Either a commodity or a token, as long as it is generally accepted as a means of payment.
Bryan works as a salesman for Jumbo Corp. Last year his sales target was $3 million. This year in an aggressive bid for growth, the company increased the sales quota for all its sales people to $5 million, although the market for Jumbo Corps products had slowed. In order to meet his target, Bryan bribed an official of a potential customer. The roots of his unethical behavior can be traced to
Answer:
Unrealistic performance goals
Explanation:
If the dividend rate on preferred stock is lower than the rate the corporation earns on its assets, the effect of issuing preferred stock is to multiple choice increase the rate earned by common shareholders. decrease the rate earned by common shareholders. increase the rate earned by preferred shareholders. decrease the rate earned by preferred shareholders.
A) increases the rate earned by common shareholders
Accounts receivable arising from sales to customers amounted to $120,000 and $105,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $457,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answer:
Cash flow from operating activities $472,000
Explanation:
The computation of the cash flows from operating activities to be reported on the statement of cash flows is given below:
Beginning account receivable $120,000
Add: net income $457,000
less: ending account receivable -$105,000
Cash flow from operating activities $472,000
Agent Don plans to conduct a marketing/sales event at the local public library on October 28 at 2pm. He received permission to post an advertisement on the library bulletin board starting October 14. What is the latest date Don could submit a NEW Event Request Form to UnitedHealthcare in order to comply with UnitedHealthcare's event reporting rules
Answer:
5th Nov is the latest date don could submit a event request.
Explanation:
The marketing and sales event can both be organized at the health care. These events can be planned no less than 7 days of the colander before the day of the event. These event can e both formal and informal.In measuring GDP as the sum of all incomes earned in production, we should include: purchases of used goods. purchases of used goods. American purchases of foreign output. American purchases of foreign output. wages and salaries. wages and salaries.
Answer:
wages and salaries.
Explanation:
GDP is an acronym for Gross Domestic Products (GDP) and it can be defined as a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, Gross Domestic Products (GDP) is a measure of the production levels of any nation.
Basically, the four (4) major expenditure categories of GDP are;
I. Consumption (C).
II. Investment (I).
III. Government purchases (G).
IV. Net exports (N).
Additionally, it is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
In measuring GDP as the sum of all incomes earned in production, we should include wages and salaries of the people working in a particular country.
Effective internal control activities over the payroll function may include Reconciliation of totals on job time tickets with job reports by employees responsible for those specific jobs. Verification of agreement of job time tickets with employee time clock card hours by a timekeeping department employee. Custody of rate authorization records by the supervisor of the payroll department. Preparation of payroll transaction journal entries by an employee who reports to the supervisor of the human resources department.
Answer:
Verification of agreement of job time tickets with employee clock card hours by a payroll department employee.
Explanation:
An effective internal control system
This simply aim to give adequate hope that the policies, processes, tasks, behaviours etc, of an organisation, when complied, helps its effective and efficient operation of the organisation etc.
It is very essential in the payroll and personnel cycle to prevent over payments and payments to nonexistent employees. Proper authorization by the human resources department should add and delete employees from the payroll or change pay rates and deductions. The number of hours, overtime, must be approved by employees supervisor.
Payroll computations should be separately verified. A member of management should review the payroll output for any obvious errors or unusual amounts.
wifty’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $28000 Direct Labor 6000 Variable Overhead 3000 Fixed Overhead ? The company can purchase the 1000 units externally for $43000. The unavoidable fixed costs are $2000 if the units are purchased externally. An analysis shows that at this external price, the company is indifferent between making or buying the part. What are the fixed overhead costs of making the component?
Answer:
$4,000
Explanation:
Cost of buying = Direct Material + Direct labor + Variable overhead + Avoidable fixed costs
$43,000 = $28,000 + $6,000 + $3,000 + Avoidable fixed costs
$43,000 = $37,000 + Avoidable fixed costs
Avoidable fixed costs = $43,000 - $37,000
Avoidable fixed costs = $6,000
Fixed overhead costs of making = Avoidable fixed costs + Unavoidable fixed costs
Fixed overhead costs of making = $6,000 - $2,000
Fixed overhead costs of making = $4,000
So therefore, the fixed overhead costs of making the component is $4,000.
how entrepreneurs that operate in the sharing economy use creative thinking to develop and improve businesses?
Answer:
To find out future needs and trends.
Explanation:
Entrepreneurs use creative thinking to develop and improve businesses by analyzing the future needs and trends that will follow by the people so by knowing future needs and trends, the entrepreneurs started to invest in those needs and products which give him a good profit in the future and in this way the creative mind of Entrepreneurs helps in the generating of employment as well as boosting the economy of the country.
Assume that Heather always maximizes her total utility given her budget constraint. Every morning for breakfast Heather has two eggs and three sausages. If the marginal utility of the last egg is 20 utils and the price of eggs is $2 each, what can we say about the marginal utility of the last sausage if the price of each sausage is $1
Answer: 10 units
Explanation:
The marginal utility per dollar spent on the last egg should be equal to the marginal utility per dollar spent on the last sausage.
Marginal utility per dollar spent on last egg = Marginal utility / Price of egg
= 20 / 2
= 10 units per dollar
Marginal utility per dollar spent on last sausage = Marginal utility / Price of sausage
10 = Marginal utility / 1
Marginal utility = 10 units
Melinda decides to sell part of her property to Bill. Once the sale is complete, Melinda still crosses what is now Bill’s property to get to the main road since it is the most direct path, even though no written easement has been created. This is an example of an
Answer:
Easement by implication
Explanation:
Easements by implication occurs when the property is distributed and the facts & situations reprsent the prior use that could become significant.
An implied easement is one that cannot be written down. It is developed by the situation of a particular land configuration.
So as per the given situation it is an example of Easement by implication
A manufacturer of yogurt found that its product was responsible for a breakout of E. coli. In response, the company issued refunds to consumers who bought its product, and immediately had all of its production plants cleaned and sanitized. In addition, the company donated money to help raise awareness of the disease as well as compensate those who became sick. This is an example of
Answer:
Crisis management
Explanation:
There are times in a business where it is clear and important that something has to be done fast in order to salvage the situation. Taking care of a crisis properly could we could reduce any damages to you or to your business.
In this question we can see that the yoghurt from this manufacturer cost this outbreak. The business had to resort to issuing refunds, donations and compensations to those affected. the reason this was done is to reduce the negativity and damages that has been caused by the consumption of the product and also to reduce negativity that has been spread to the business name.
RHC Pharmaceuticals Inc., Lawrence Pharma Inc., and Quincy Pharma Inc. are three rival firms who have set up an alliance to conduct research and find a cure for cancer. They have made almost equal contributions to the research, and they also share their expertise with one another. However, the three firms will continue to behave as competitors in markets for other drugs and vaccines. What is this arrangement best referred to as
Answer:
Coopetition
Explanation:
The three firms in the question above worked together to conduct research and find a cure for cancer, and they are close competitors, this is a good explanation of how coopetition works. In coopetition, Rivals companies competing in the market for a similar customer because they deliver related products would come together to form an alliance, in a bid to achieve a common goal after which it is competition as usual. In coopetition, competitors form alliances for mutual gain.
Fayol thought management principles needed to be flexible and adaptable and that they would be expanded through experience and experimentation. When a team of workers specialize on a few tasks to become more proficient. Which management function describes this situation
Learn more:
Division of work: brainly.com/question/16127116
The price level rises in the short run if a. aggregate demand or aggregate supply shifts left. b. aggregate demand shifts right or aggregate supply shifts left. c. aggregate demand or aggregate supply shifts right. d. aggregate demand shifts left or aggregate supply shifts right.
A price is termed as the sum of the amount that is paid to the one party that provides the goods and services by the other party that consumes the provided goods and services. In some of the situations, the name of the price for the different goods and services gets changed or altered.
The correct options are b. aggregate demand shifts right or aggregate supply shifts left.
There is a positive relationship between the supply and the price whereas there is a negative relationship between the demand and the price. In the situation of rising in the level of the prices of the goods and services in the short run, the aggregate demand shows the decline effect of the goods and services and the aggregate supply shows the increasing effect of the goods and services.
To know more about the effect of price on the aggregate demand and supply, refer to the link below:
https://brainly.com/question/15874992
Technical skills are the ability to Multiple choice question. perform tasks such as filing tax forms or assembling a keyboard train, develop, and support workers visualize the organization as a whole and how departments interrelate communicate and motivate other people
Answer:
perform tasks such as filing tax forms or assembling a keyboard
Explanation:
Technical skills are the capabilities that could permits you for performing the specific physical kind of task. Like if the people who worked in various fields such as maths, computer science, mechanics so they could be worked because of the technical skills they have
So basically here the task could be formed it can be any kind of task like filling the taxation return or its forms, or assembling the keyboard etc
Therefore the first option is correct
Pat is insured with a life insurance policy and Karen is his primary beneficiary. They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later. Which policy provision will protect the rights of the contingent beneficiary to receive the policy benefits
Answer: Common disaster clause
Explanation:
Based in the information given in the question, the policy provision that will protect the rights of the contingent beneficiary to receive the policy benefits is the common disaster clause.
According to the common disaster clause, the primary beneficiary must survive the insured usually by a period of 30-90 days and if this doesn't happen, the benefit will be paid automatically to the secondary beneficiary.
The common disaster clause simply explains that even though there's an accident which leads to the death of the insured and the beneficiary, it'll be possible to determine that it was the beneficiary whom died last and the benefit will be given to the person accordingly.
What is the primary difference between common and preferred stockholders?
A. Common stockholders have a higher claim on the business.
B. Preferred stockholders are the only ones who can vote for the
board of directors.
C. Common stockholders are required to be employees of the
business.
D. Preferred stockholders have greater security.
SUBMIT
Answer:
D
Explanation:
Preferred stock holders have greater security.because in the event of the business failure,they have the first claim in the distribution of company assets.
I hope this helps
An increase in consumer income increases the demand for automobiles. As a result of the adjustment to a new equilibrium, there is a(n):
A. rightward shift of the supply curve
B. upward movement along the supply curve
C. no change in the graph
D. leftward shift of the supply curve
E. downward movement along the supply curve
Answer:
B. upward movement along the supply curve.
Explanation:
An increase in the income of a consumer income would have a significant impact on the quantity of goods demanded by him or her such as increasing the demand for automobiles. As a result of the adjustment to a new equilibrium, there is an upward movement along the supply curve
The legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond ______. This document describes the number of bonds authorized, their par value, and the contract interest rate. Multiple choice question. indenture article document agreement
Answer:
indenture
Explanation:
a bond indenture is a legal document which summarizes the rights and privileges of bondholders as well as the obligations and commitments of the issuing company
a bond indenture would contain the following :
The purpose why the bond was issuedThe stated interest rate of the bondThe dates when interests would be paid to bondholdersA list of covenants the issuer is subjected to in the period the bond is outstandingActions that would be taken in event of non payment of interest and or principalExhibit 9.2 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Assume that the dividend payout ratio will be 75 percent when the rate on long-term government bonds falls to 8 percent. Because investors are becoming more risk averse, the equity risk premium will rise to 7 percent and investors will require a 15 percent return. The return on equity will be 12 percent. Refer to Exhibit 9.2. What is the expected sustainable growth rate
Answer:
3%
Explanation:
Expected sustainable growth rate = (1 - Payout ratio) * Return on Equity
Expected sustainable growth rate = (1 - 0.75) * 12%
Expected sustainable growth rate = 0.25 * 0.12
Expected sustainable growth rate = 0.03
Expected sustainable growth rate = 3%
So, the expected sustainable growth rate is 3%
Betty heads the production department at Riffer Inc., a firm that stresses the importance of maintaining regular contact with customers. Betty is expecting a labor surplus in the future. Mike, a supervisor, recommends downsizing as an option to deal with this labor surplus, however, Betty rejects this option. Which statement will validate that Betty made the right decision?
Answer: Downsizing would hurt long-term organizational effectiveness.
Explanation:
Downsizing as much as to cut labour is not really a good plan on the long run due to the company gets to miss their best talents at a larger rate. One of the best way to control a labour surplus is by limiting intakes into the organization until there is a great need for one. This is what Betty made the right decision by not downsizing which would hurt the organization on a long term.
Characteristics of budgets include: (Check all that apply.) Multiple select question. a focus on the past. typically span a month, quarter or one year. expressed in monetary terms. formal statement of a company's plans. typically span 5 to 10 years. expressed in nonfinancial terms.
Answer:
I. typically span a month, quarter or one year.
II. expressed in monetary terms.
III. formal statement of a company's plans.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year.
Basically, budgets are usually compiled, analyzed and re-evaluated on periodic basis such as monthly, quarterly or annually.
Some of the important characteristics of budgets include:
I. It typically span a month, quarter or one year.
II. It's expressed in monetary terms.
III. It's a formal statement of a company's plans.
Furthermore, some of the benefits of having a budget are; it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
why personnel management is important to an office?Explain in details.
Answer: See explanation
Explanation:
Personnel management can be defined as the the effective management of the employees in an organisation. The importance of personnel management to an office include:
• Personnel management helps in bringing the gap that exist between the performance of the employees and the objectives of the organisation.
• An efficient personnel management is important as it gives a company and edge over its rivals.
• A good and effective personnel management helps in the creation and the maintenance of a working environment that's harmonious.
FDA regulations aimed at ensuring that new drugs that are marketed​ do, in​ fact, have the functions they are supposed to have are necessary​ because: A. quantity regulations are so rare within a market economy. B. verification by each consumer would be extremely inefficient. C. quantity regulations are so efficient. D. verification is an easy task within a market economy.
Answer:
D. Verification by each consumer would be extremely inefficient
Explanation:
The mission and importance of the FDA
Its sole purpose is to promote public health by the constant review of applications for new products. To protect public health acting swiftly that products are safe, effective, and has a good label. They are known for
protecting the public health by giving an assurance in terms of the safety, efficacy, and security of human and veterinary drugs, biological products, medical devices etc. It aim to advance public health by helping to quicken innovations that make medicines and foods more effective, safer, and affordable etc
What does FDA regulate
They simply regulate the foods, dietary supplements, human drugs, vaccines, blood products, medical devices, electronic products, cosmetics etc
LeBron's Bookstores has two divisions: media and books. The media division had another great year with net sales of $14 million, cost of goods sold of $8 million, operating expenses of $3 million, and income tax expense of $900,000. The book division did not do as well and was sold during the year. The loss from operations and sale of the book division was $400,000 before taxes and $280,000 after taxes. Assuming the sale of the book division is reported as a discontinued operation, at what amount did LeBron's Bookstores report the discontinued operations
Answer:
$1,820,000
Explanation:
Calculation to determine at what amount did LeBron's Bookstores report the discontinued operations
Using this formula
Discontinued operations=Net sales-Cost of goods sold -operating expenses - Income tax expense -After taxes
Let plug in the formula
Discontinued operations= $ 14 million-$8 million-$3 million-$900,000-$280,000
Discontinued operations=$1,820,000
Therefore what amount did LeBron's Bookstores report the discontinued operations will be $1,820,000
Amelia is getting ready to sell her house. Her agent wants to do a CMA to help her determine the listing price. Amelia says it's not necessary, as she has the appraisal of the home from when she bought it eight years go. Her agent informs her that that valuation is no longer accurate. What principle of value is driving her agent's opinion
Answer:
Principle of change.
Explanation:
CMA is an acronym for comparative market analysis and it can be defined as an estimate of the value of a house based on the market value of similar houses that were sold in the immediate area where it's located. Thus, it's a tool used by real estate agents to determine or measure the value of a property for a seller.
In this scenario, Amelia's agent informed her that the valuation of eight years ago is no longer accurate.
Hence, the principle of value that is driving her agent's opinion is a principle of change.
Jessica's company manufacturers a variety of coffee flavors that are sold to retail stores. Her company receives the coffee beans from a distributor in South America who purchased the beans from local farmers. The farmers, distributor, Jessica's company, and the retail stores all make up a _______.
Answer:
supply chain
Explanation:
supply chain can be regarded as network that is designed to exist between company that is producing a product and its suppliers so that the produced product can be distributed to the final buyer. There are
different activities under this network, these include information as well as people and resources. It could includes wholesaler, retailer and so on.
A product's target market is part of which of the 4 P's of marketing?
Answer:
Place
Explanation:
The marketing mix is defined as a set of the marketing tools which the organizations use them to obtain their marketing objectives in their target markets.
In other words, it is the foundation model for the businesses. It defines the key management decisions that are needed to achieve success in the marketing world.
The four P's in marketing are :
price , product , place and promotion.
A product's target market is a part of 'place' of the 4 P's of the marketing strategy.
