The this situation the auditor should establish a component materiality that is lower than the materiality for the group financial statements.
Financial statements:
Financial statement refers are the written records that convey the business activities and the financial performance of a company
Given,
in order to reduce the risk that the aggregate of undetected misstatements in the group financial statements of a non issuer exceeds the materiality for the group financial statements as a whole
Here we need to find an auditor should establish what type of financials statements.
While we consider the given situation, we have identified that the undetected misstatements in the group financial statements of a non issuer exceeds the materiality for the group financial statements.
So, the auditor should establish a component materiality that is lower than the materiality for the group financial statements.
To know more about Financial statements here.
https://brainly.com/question/14951563
#SPJ4
true or false: the 1990 luxury tax on yachts was a successful revenue-maker for the government because most of the tax burden fell on wealthy buyers who could afford the tax.
The 1990 luxury tax on yachts was a successful revenue-maker for the government because most of the tax burden fell on wealthy buyers who could afford the tax. This statement is FALSE.
A sales tax that only applies to particular products or services is known as a luxury tax. It emphasizes luxury goods like diamonds and pricey automobiles like yachts and jets. Due to the fact that they are viewed as unnecessary expenditures, they might be subject to a luxury sales tax. Vendors might be required to pay a luxury tax, which might or might not be passed on to customers.
Congress enacted a new luxury tax in 1990 on goods like yachts, private planes, furs, pricey vehicles, and jewellery. The purpose of this tax was to collect money from people who could most easily afford it. The only people who could afford such extravagances were the wealthy, therefore taxing the luxuries looked like a natural approach to tax the wealthy. This tax was eliminated in 1993 by the Omnibus Budget Reconciliation Act, and it was completely gone by 2003.
To know more about luxury tax refer:
https://brainly.com/question/15301954
#SPJ4
you are hired as a consultant to the central bank for a country that has for many years suffered from repeated currency crises and depends heavily on the u.s. financial and product markets. which of the following policies would have the greatest effectiveness for reducing currency volatility of the client country with the united states. group of answer choices dollarization an exchange rate pegged to the u.s. dollar an exchange rate with a fixed price per ounce of gold an internationally free floating exchange rate none of the above
The policies would have the greatest effectiveness for reducing currency volatility of the client country with the united states is dollar.
Inflation in other country is one of the most generally causes of currency volatility. Shortages of things like fuel, labour, or raw materials can cause production to slow down, which show that value for items and services are likely to rise for consumers. Currency volatility can be described as the frequency and extent of changes in a currency's value. To measure it we can calculate the dispersion of exchange rate changes around the mean, expressed in terms of daily, weekly, monthly or annual standard deviations. The larger the number, the greater the volatility over a period of time.
Learn more about currency volatility at https://brainly.com/question/14969439
#SPJ4
the wage elasticity of labor demand calculation is group of answer choices the % change in wage divided by the % change in quantity of labor demanded. the % change in quantity of labor supplied divided by the % change in wage. the % change in quantity of labor demanded divided by the % change in wage.
The ratio between the percentage change in the amount of work demanded divided by the percentage change in salary makes this choice accurate.
What formula is used to solve for the demand for labor's wage elasticity?The sensitivity of employment to a change in wage rates is measured by the wage elasticity of demand for labor. The equation is % change in wage growth / % change in labor demand.
What formula is used to determine the wage elasticity of the labor demand curve?If output is held constant, the replacement impact (elasticity) is given by ii = (% Ei) / (% Wi). The relationship between labor demand and wage growth is such that it is inversely proportional to the degree of labor demand elasticity.
What is the labor demand's own-wage elasticity measuring?The elasticity of the labor market assesses how responsively the demand for labor is to changes in wage rates. In the short term, rather than in the long term, the demand for labor will be more inelastic.
To Know more about employment
https://brainly.com/question/1361941
#SPJ4
does vals make sense to you? what do you like or dislike about it? do you think it is a good marketing strategy?
For psychographic market segmentation, a proprietary research approach called VALS (Values and Lifestyle Survey) is employed.
Market segmentation is intended to help businesses adapt their goods and services to appeal to the customers most likely to make a purchase.
Arnold Mitchell, a social scientist and consumer futurist, and his colleagues at SRI International created ALS in 1978. Advertising agencies adopted it right once, and it is currently being sold as a product by SRI's consulting services section. The work of Harvard sociologist David Riesman and psychologist Abraham Maslow is heavily cited in VALS.
Researchers encountered some issues with the VALS method, so SRI created the VALS2 program in 1978. It was also significantly revised by SRI in 1989 in response to these issues.
To know more about segmentation click here:
https://brainly.com/question/27993208
#SPJ4
accrual adjustments involve increasing: multiple choice assets and revenues or increasing liabilities and expenses. assets and expenses or increasing liabilities and revenues. assets and decreasing revenues or increasing liabilities and decreasing expenses. assets and decreasing expenses or increasing liabilities and decreasing revenues.
The income statement reports all of the revenues and expenses incurred by a company during a period of time, resulting in either a net profit or a net loss.
The statement of cash flows reports the cash inflows and outflows for a company during a period of time. The balance sheet reports the assets, liabilities, and equity of a company at a point in time.The accrual basis of accounting recognizes revenues when they are earned and expenses when they are incurred, regardless of when the cash is actually received or paid.
The cash basis of accounting recognizes revenues when cash is received and expenses when cash is paid.Accrual adjustments are necessary in order to convert from the accrual basis of accounting to the cash basis of accounting, or vice versa. To convert from the accrual basis to the cash basis, accrual-basis revenues are reduced by accrual-basis expenses that have not yet been paid.
Learn more about Equity at : https://brainly.com/question/13278063
#SPJ4
if after ordering products, you receive defective goods, or no goods, under the ucc, what are your rights?
If an item you purchased has a problem, you might be eligible for a refund, repair, or replacement.
What are my rights if I receive faulty goods?If an item you purchased has a problem, you might be eligible for a refund, repair, or replacement.You might be legally entitled to a repair or a refund if there is an issue with a used car.2015 Consumer Rights Act, Your products should be of at least satisfactory quality and not be defective or damaged. For instance, used goods aren't held to the same standards as brand-new ones.Fit for purpose refers to the ability to use something for the intended application.To learn more about Consumer Rights Act refer,
https://brainly.com/question/27317480
#SPJ4
the investment and capital spending boom of the late 1990s most likely resulted in a(n) steeper aggregate supply curve. flatter aggregate supply curve. decrease in aggregate supply. increase in aggregate supply.
The late-1990s investment and capital spending boom most likely resulted in a rise in aggregate supply.
Investment is the commitment of funds to the purchase of an asset with the goal of increasing its value over time. Investment necessitates the sacrifice of some current item, such as time, money, or effort. In finance, the goal of investing is to earn a return on the invested asset. The return may consist of a gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income.
Investors, particularly novices, are frequently urged to diversify their portfolio.
Learn more about aggregate here
https://brainly.com/question/29022331
#SPJ4
childers company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. the fund was last reimbursed on november 30. at the end of december, the fund contained the following petty cash receipts: december 4 merchandise purchased $ 62 december 7 delivery expense $ 46 december 12 purchase of office supplies $ 30 december 18 miscellaneous expense $ 51 if, in addition to these receipts, the petty cash fund contains $201 of cash, the journal entry to reimburse the fund on december 31 will include:
A petty cash account is used in accounting for small cash transfers. It is petty, from the word itself, for things that are too small to record on a daily basis.
However, just because it has a low value does not mean that it will no longer be recorded. Only when it reaches a certain amount or when the cash balance needs to be replenished is it recorded.
In-Person Transportation: $62
Delivery Fee: $46
Office Supplies: $30
Donation: $51
Petty Cash: What Is It?
A petty cash fund is a small amount of cash that an organization typically keeps on hand (for example, in a locked drawer or box) to pay for incidental or minor expenses like employee reimbursements or office supplies.
Learn more about petty cash here:
https://brainly.com/question/22237966
#SPJ4
12. the founders and owners of a private company have funded it through the following rounds of investment: round source price number of shares series a self $1.00 200,000 series b angel $1.00 300,000 series c venture capital $1.25 400,000 the owners decide to take the company public through an ipo, issuing 1 million new shares. assuming that they successfully complete the ipo, the net income for the next year is estimated to be $5 million. the price of shares is set using average price-earnings ratios for similar businesses of 17.0. what will be the ipo price per share?
The valuation of the company, divided by the total number of shares at listing, determines the price per share of the company at the time of the IPO.
Total number of shares after IPO
= 2000000 + 3000000 + 4000000 + 1000000 = 19,00,000
What is IPO share price?A privately held corporation will sell its shares in an initial public offering (IPO) to the general public. Before initiating an IPO, the price of the shares or stocks to be sold must be decided. Either the book building method or a fixed cost approach can be used.
You can get in on the "ground floor" of a business with significant growth potential by investing in an IPO. Your opportunity for quick profit in a short amount of time may be an IPO. Long-term wealth growth could also be aided by it.
Given:
Net income = $ 50,00,000
Earning per share = 50,00,000/19,00,000 = $2.63
Price Earning ratio = Mkt price per share / Earning per share
17 = MPS/2.63
MPS = 45
IPO price per share = $45
To learn more about IPO price per share, visit:
https://brainly.com/question/13074222
#SPJ4
keesha company borrows $255,000 cash on november 1 of the current year by signing a 120-day, 10%, $255,000 note. 1. on what date does this note mature? 2.
To calculate the maturity date, count begins with the day after the note begins, which would be November 2.
November (2 November – 30 November) = 29 days
December (1 December – 31 December) = 31 days
January (1 January – 31 January) = 31 days
February (1 February – 28 February) = 28 days
=120days – 29 – 31 – 31 – 28 = 1 day
2. Interest expense for the current year (November and December = 29 + 31 = 60days)
= Principal * rate * time = 255,000 * 10% * (60/360) = $4,250
3. Interest expense for the following year (January, February and March = 31 + 28 + 1 = 60days
= Principal * rate * time = 255,000 * 10% * (60/360) = $4,250
In psychology, adulthood may be operationally defined as the level of mental functioning (measured through standards like the Wechsler Intelligence Scale for youngsters) you will gain, and then the extent of psychological functioning not increases much with age. But, beyond this, integration is likewise an element of maturation,[1] which includes the combination of persona, in which the behavioral styles, reasons and different trends of someone are steadily brought together, to paintings collectively efficaciously with little to no battle among them, as an organized entire,[2] e.G., bringing someone's various reasons together into a purpose in existence. Case in point: person development and adulthood theories encompass the purpose in existence concept, in which adulthood emphasizes a clear comprehension of life's purpose, directedness, and intentionality, which contributes to the sensation that lifestyles is meaningful.[3]
Learn more about maturity here
https://brainly.com/question/28039417
#SPJ4
on january 1, year 1, zeta corporation issues $100,000 of 8% bonds maturing in 10 years, when the market rate of interest is 9%. market interest rates drop to 7% by december 31, year 1. the company retires the bonds on december 31, year 1 by paying $106,595. the carrying value of the bonds as of this date is $93,920. the journal entry for retirement of the bonds will include a:
The journal entry for retirement of the bonds will include $106,595 , which is option a of the given question.
Write about a journal entry.A journal entry acts as a record of a commercial transaction in your company's books. In double-entry accounting, each transaction necessitates at least two journal entries. A bookkeeper tracks all the alterations that a transaction might make to a company by noting them in their diary.
What Exactly Is a Journal Entry in Accounting?Each journal entry contains the date, the amount to be credited and debited, a brief description of the transaction, the accounts involved, and other information relevant to a single business transaction. It might contain a list of the affected subsidiaries, tax data, and other information, depending on the business.
To know more about Journal Entry visit:
https://brainly.com/question/20421012
#SPJ4
A company that wanted to provide a single, unified entry point to its network that would allow different types of users access to different types of resources could do so by establishing a(n)
A company that wanted to provide a single, unified entry point to its network that would allow different types of users access to different types of resources could do so by establishing an enterprise portal.
Companies who wished to offer a single or unified entry point to their network so users could access various resources employed the corporate portal.
The Enterprise Portals are information portals that connect data and business processes while providing users with access to that data.
The corporate portals make sure that the company's employees may get the information they require quickly and effectively.
Therefore, businesses that intended to give users access to many resources through a single or unified entry point into their network employ corporate portals.
To know more about portals click here:
https://brainly.com/question/13992009
#SPJ4
if interest rates decline, bondholders will earn . a. a higher current yield b. a higher maturity value on the maturity date c. no capital gain on the bond's maturity d. a lower rate of return on reinvested cash flows e. a lower coupon interest on the bond
The total rate of return that a bondholder anticipates earning if the bond is held until maturity is referred to as YTM in the context of bonds.
A single Bond's YTM formula is as follows:[Annual Interest plus [(FV-Price)/Maturity]] / [(FV+Price)/2] is the yield to maturity.
What is YTM, or yield to maturity?
If a bond is held until its maturity, the expected total return is known as yield to maturity (YTM).A long-term bond yield, yield to maturity is expressed as an annual rate.To put it another way, it is the bond's internal rate of return (IRR) if the investor holds onto the bond until maturity and all payments are made on time and are reinvested at the same rate.
Respect development is likewise alluded to as "book yield" or "reclamation yield."
Learn more about YTM here:
https://brainly.com/question/26376004
#SPJ4
green carts ltd. has begun to offer its employees the option of buying stock in the company as a benefit because they do not offer a retirement package. in doing so, green carts expects its employees will
The employees will put forth a lot of effort to increase the stock so they can purchase more for less money.
The buy low, sell high method has generated enormous sums of money, but this is not how experts define success. On the other hand, a wise investor deliberately spends their money in several ways; they multitask with it. If investing were a game, buying a stock at a discount and later selling it at a higher price would be the optimal strategy for winning. If you own property, you may feel this idea quite clearly.
It's typically better to employ one of two tactics in order to make money on your investment.
Learn more about investment in stocks at
https://brainly.com/question/13740305?referrer=searchResults
#SPJ4
in an online billing system, invoiceitem must have a price data member that cannot be less than zero. how can you ensure that this condition will be maintained?
You can ensure that the condition will be maintained by creating a Price class that has a data member named price. The Price class will have a method named setPrice that will take in a parameter named price. The setPrice method will check to see if the price is less than zero and if it is, it will throw an exception.
There are several ways to ensure that the price data member of an invoice item cannot be less than zero. One way is to use a validation function that checks the value of the data member before it is set. Another way is to use a data member that is of a type that does not allow values less than zero, such as an unsigned int.
Learn more about invoice at : https://brainly.com/question/24076114
#SPJ4
you're building a product feed for a client who is new to shopping ads, and you notice the client's inventory data isn't accurate. what two things may happen if the feed is uploaded with data quality issues
1. The client may see a decrease in traffic and conversions, as potential customers may be discouraged from clicking on ads if they believe the product won't be in stock.
2. The client may also accrue additional costs, as they may be charged for clicks that don't result in a purchase. Inaccurate inventory data can also lead to ads being disapproved.
There are a few things that could happen if a client's inventory data isn't accurate when uploaded for a Shopping ad campaign:The client could see a decrease in traffic and conversions, as potential customers may not be able to find the products they're looking for.The client could also see an increase in their cost-per-click (CPC) rate, as their ads may not be as relevant to searchers as those of their competitors.To avoid these issues, it's important to make sure that all inventory data is accurate before uploading it for a Shopping ad campaign. This includes ensuring that product prices, descriptions, and images are all up-to-date and match those on the client's website.
Learn more about inventory data at : https://brainly.com/question/28487133
#SPJ4
in data and process modeling, a(n) shows what the system must do, regardless of how it will be implemented physically.
displays what the system should do is logical.
Data modeling is the process of creating a visual representation or blueprint that defines the information gathering and management systems of various organizations. Data modeling gives you an opportunity to understand data and choose the right technology to store and manage this data. Business stakeholders design data models before they engineer database solutions for their organizations.
The logistics data model of reporting contextual class data into technical data structures shows what needs to be done. The logical data model provides more detail about the data concepts and complex data relationships identified in the context of the data model. The logical model is technology agnostic, and you can implement it in any database language. Data engineers and stakeholders usually make technology decisions after they have created a logical data model.
Learn more about data modeling at:
https://brainly.com/question/14866336?referrer=searchResults
#SPJ4
it usually takes less than two years for it investment to result in a significant increase in productivity in large firms. True or False
It usually takes less than two years for its investment to result in a significant increase in productivity in large firms False.
Computerized issuer order entry (CPOE) refers back to the technique of vendors coming into and sending remedy instructions – along with medication, laboratory, and radiology orders – through a pc utility in preference to paper, fax, or telephone.
In economics, productiveness refers to how plenty output may be produced with a given set of inputs. Productivity will increase while greater output is produced with the equal quantity of inputs or while the equal quantity of output is produced with much less inputs. There are broadly used productiveness concepts.
Learn more about investment here:
https://brainly.com/question/25790997
#SPJ4
james advertises in the newspaper to sell his used car for $6,000. eric test drove the car and then offered james $5,400 for the car. in this case:
If James advertises in the newspaper to sell his used car for $6,000. eric test drove the car and then offered james $5,400 for the car. in this case: James will be at loss.
What is advertisement?Advertisement can be defined as the way of creating awareness about a product so as to attract potential buyers which inturn can help to increase sales.
Based on the scenario James will be at loss of the amount of $600 ($6,000 - $5,400) if he accept what eric offers after driving the car. Since James has already advertised the car for $6,000. On the other hand James may wish not to accept the offer and may only accept the offers if eric offer to pay $6,000.
Therefore james will be at loss if he accept the offer.
Learn more about advertisement here:https://brainly.com/question/1658517
#SPJ1
on july 8, jones inc. issued an $79,800, 6%, 120-day note payable to miller company. assume that the fiscal year of jones ends july 31. using a 360-day year, what is the amount of interest expense recognized by jones in the current fiscal year? when required, round your answer to the nearest dollar.
The amount of interest expense recognized by jones in the current fiscal year is $306
The following illustrates how interest costs were calculated:
= Principal * Interest * Days * Days * Rate of Interest (total number of days in a year)
Simple interest is a simple and straightforward formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principal, and the number of days between payments are multiplied to determine simple interest.
Simple interest is calculated by dividing the principal by the time, interest rate, and time period. "Simple Interest = Principal x Interest Rate x Time" is the written formula. This is the most fundamental formula for calculating interest.
= $79800.00 x 6% x (23 / 360)
= $305.98
The nearest dollar is $306
the period of 23 days runs from July 8 to July 31.
By multiplying the principal amount by the rate of interest and the duration, we simply applied the basic interest formula.
Learn more about simple interest at
https://brainly.com/question/14262373?referrer=searchResults
#SPJ4
multiple select question select all that apply which of the following business expenses are disallowed or limited for tax purposes? (check all that apply.) multiple select question. rent expense advertising expenses political contributions bribes and kickbacks lobbying expenses interest expense paid on loans to purchase automobiles owned and used by the business entertainment expense interest expense paid on loans to purchase tax-exempt securities
The following business expenses are disallowed or limited for tax purposes are Entertainment expense, Political contributions, Lobbying expenses, Interest expense paid on loans to purchase tax-exempt securities, Bribes and kickbacks.
An investment in which the income generated is not subject to local, state, or federal taxes is known as a tax-exempt security. Municipal bonds, which are obligations of a state, territory, or municipality, are the most common type of tax-exempt securities. Federal income taxes may not apply to the interest on U.S. Savings Bonds for some investors.
Federal tax isn't applied to income from securities that are tax-exempt, including dividends and interest. A tax-exempt security might not be subject to any taxes at all, depending on the investor's location. On general obligation bonds issued by his or her home state, an in-state resident typically receives a state and federal tax exemption.
Learn more about Tax-exemption, here
https://brainly.com/question/28875581
#SPJ4
what are three sources of economies of scale? multiple select question. outsourcing communication channels to international vendors spreading fixed costs over a large volume of product the ability of large-volume producers to use specialized equipment the ability of large-volume producers to use effective, specialized employees spreading costs over a small volume of product
Spreading fixed expenses over a greater volume, allowing large-volume firms to use more sophisticated machinery, and allowing them to hire more proficient, qualified workers.
How do I pay international vendors?Wire transfers from one bank to another are the most typical method of paying foreign invoices. Almost all banks and credit unions offer this service, which enables you to transfer money from bank to a patient's bank account located anywhere in the world.
How can I give a vendor cash?Making sure business have receipts that clearly state that you paid with cash is one of the extra steps of paperwork that are necessary when paying your merchants with cash. Be careful not to do this too regularly or with you personal money if you pay your vendors mostly in cash because the IRS might be suspicious.
To know more about International vendor visit:
https://brainly.com/question/13220729
#SPJ4
bizonline uses an electronic agent, or e-agent, to perform certain tasks in e-commerce. with respect to the e-agent's actions, bizonline is bound by
Bizonline uses an electronic agent, or e-agent, to perform certain tasks in e-commerce. with respect to the e-agent's actions, bizonline is bound by al of their actions.
The phrase "electronic agent" refers to a computer program as well as other automated systems that are utilized on its own to carry out an action or react to an electronic record or performance in its entirety or in part without being reviewed or controlled by a human being at the time.
Consider giving agents some level of legal individuality or, at the opposite extreme, treating them as nothing more than communication tools as some of the several doctrinal alternatives that might be appropriate. Another alternative is whether integrated smart agents should be regarded as agents underneath the law of agency.
It is suggested that the objective theory of consent applies to the utilization of electronic agents in contracting after a comparison of the subjective and objective theories of consent.
Learn more about electronic agents here:
https://brainly.com/question/14036184
#SPJ4
assume a risk-free return is 3%. the beta of a managed fund is 1.8, the alpha is 0.5%, and the average return is 6%. based on jensen's measure of portfolio performance, the return on the market portfolio equals:
The calculation of the market portfolio's return is displayed below:
30.56%
As we are aware of
Alpha is equal to the average return minus the risk-free return plus beta (return on investment minus risk-free return).
0.005 is equal to 0.06- [0.03 + 1.8 (return on market portfolio - 0.03)].
[0.03 + 1.8 return on market portfolio - 0] - 0.005 = 0.06 .03]
0.005 is equal to 0.06, 0.03, 1.8 return on market portfolio, and 0.03
1.8 return on market portfolio = 0.06 - 0.03 + 0.03 - 0.005.
1.8 return on market capitalization equals 0.055
Consequently, the market portfolio's return is
= 0.055 ÷ 1.8
= 0.03056
=30.56%
To know more about the market portfolio's calculation visit here :
https://brainly.com/question/16850960
#SPJ4
the practice of charging each and every consumer the price she is willing and able to pay for a good or service describes:
The practice of charging each and every consumer the price she is willing and able to pay for a good or service describes price discrimination.
Price discrimination is a sales approach in which the seller charges varying prices for the same product or service based on what the vendor believes the consumer will agree to. In pure price discrimination, the supplier charging each consumer the highest possible price. Price discrimination is used by businesses to enhance profits. Price discrimination allows enterprises to give a high price to well-off consumers and a low price to the most price-sensitive consumers in a broad market because a large market often comprises many different sorts of consumers.
To learn more about price discrimination, click here.
https://brainly.com/question/14969650
#SPJ4
owns a home in yukon, oklahoma. a babysitter he hires breaks her leg when she trips over the dog. what part of his homeowner's insurance would cover this loss?
He employs a nanny, but she trips over the dog and breaks her leg. This loss would be covered by the Personal Liability portion of his homeowner's insurance.
What is covered by a personal liability policy?If you're accountable for someone else's losses or injuries, personal liability coverage, also known as personal liability insurance, safeguards your finances. Family members of the household are covered, so if your child unintentionally damages a neighbor's property, you might be protected.
Personal injury protection is it covered by personal liability?You are protected by personal liability insurance against lawsuits stemming from injury to others and property damage.
Do personal injury claims get covered by insurance?A car insurance policy's personal accident cover pays out benefits to you or your family in the event of injuries or fatalities brought on by auto accidents. If you are not at fault for an accident, the at-fault party's insurance company will cover any personal injury claims.
Learn more about personal liability insurance: https://brainly.com/question/28222033
#SPJ4
In the context of a contract, ______ is the legal ability to enter into a binding agreement.
In the context of a contract, Contraual capacity is the legal ability to enter into a binding agreement
For a contract to be legally binding, everyone who signs it must be "legally competent." Contractual capacity is a legal term that refers to the minimum mental capacity required to enter into a contract. In other words, an incapacitated person is assumed not to know what she is doing, and a contract can be "voided" or cancelled.
Law recognizes her three categories of incapacitated persons. If someone in these categories enters into a contract, the contract may be considered "void". This protects incompetent parties from being forced into a deal based on their lack of skill.
To learn more about Contraual capacity , refer :
https://brainly.com/question/27881616
#SPJ4
Traditionally, an employer or employee could end a work relationship at any point, without a specified.
Traditionally, an employer or employee could end a work relationship at any point, without a specified contract.
A contract is a document that bonds an employer to an employee. If there is no contract then the employer or the employee can leave the companionship at any time.
If a company wants that an employee works for the company for a specified amount of time, then a contract has to be made between the company and the employee. Without a contract, there is no right of an employer to an employee and vice versa.
Hence, a working relationship can be ended at anytime if there is no contract.
To learn more about contract, click here:
https://brainly.com/question/5746834
#SPJ4
When aksed if a company should drop a product, a segment or line of business, what is a key question that should first be asked?.
The key question that should first be asked will be: Will any of the fixed costs go away? If not, ignore them in the decision process.
The fixed cost of a business needs to be decreased if a company is not generating the desired output. Whatever strategy you formulate for increasing the output or decreasing the input should focus on lowering the fixed cost.
You should take the necessary step of either finishing just a product, a line of business depending on the strategy which will make the fixed cost go away. Normally, a fixed cost remains unchanged unless a product or a line of business is dropped.
To learn more about fixed cost, click here:
brainly.com/question/3636923
#SPJ4
a corporate bond has a face value of $1,000 and a coupon rate of 9%. the bond matures in 14 years and has a current market price of $946. if the corporation sells more bonds, it will incur flotation costs of $26 per bond. if the corporate tax rate is 35%, what is the after-tax cost of debt capital? group of answer choices 8.18% 6.56% 7.31% 5.57%
If the corporation sells more bonds, it will suffer flotation fees of $26 per bond. If the company tax rate is 35%, [Cost of debt = 1000*9/100 = 90] Add: Floatation Cost=26. Total Cost per bond After tax= 116(1-0.35)=75.4.
A company is a legal entity that exists apart from its owners. Corporations have many of the same rights and obligations as persons under the law. They can enter into contracts, lend and borrow money, sue and be sued, hire people, possess assets, and pay taxes. A corporation is legally distinct from its owners. Corporations have many of the same legal rights and obligations as individuals.
A key feature of a corporation is limited liability, which means that its shareholders are not personally liable for the company's debts. A company can be formed by an individual or by a group of people who share a same aim. This may not always imply making a profit.
Learn more about tax rate here
https://brainly.com/question/12395856
#SPJ4
