Answer:
Legal title
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement and this is generally referred to as mutual assent
In this scenario, Bambi purchased a property using an installment sales contract.
An equitable title can be defined as the right of an individual to use and enjoy an asset (property) due to his or her financial interest in the asset.
On the other hand, a legal title can be defined as the actual (absolute) ownership of a property that is recognized and enforceable in a court of competent jurisdiction.
Hence, Bambi would retain an equitable title from the purchase of the property due to her financial interest in this property while the owner of the property (seller) retains a legal title.
A contract is defined as an agreement that defines and binds the personally legally. It may involve the exchange of goods and services.
Since he is buying a property on an installment of the sales contract which due to her financial insurers in the property remain entitled is know as the legal title. It represents the actual ownership of the proper and is visible by the public records.Learn more about the due to her financial interest in the property
brainly.com/question/24178410.
Required: Journal entry
Issued a cheque of Rs.39000 to Saurya stores in full settlement
please help me
Answer:
If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.
Date Account Title Debit Credit
XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000
Cash Rs. 39,000
The combination of factors particular to a time and place that do not follow from a knowledge of the stable attributes of a consumer and a stimulus and that have an effect on current consumer behavior is known as
Answer:
situational influence
Explanation:
Situational influences can be regarded as temporary conditions which has an
effect on the behavior of the buyers towards your products. These holds in case whereby the buyer actually purchase the product, do not buy the product or even purchase additional products. These conditions are influenced by factors like time factors,
factors as well as social factors and
reason why the buyer make purchase and his/her mood.
It should be noted that situational influence is the combination of factors particular to a time and place that do not follow from a knowledge of the stable attributes of a consumer and a stimulus and that have an effect on current consumer behavior.
A(n) __________ opening involves actually providing a demonstration of a good or service as soon as a salesperson meets the prospect.
Answer:
Product
Explanation:
Four A's of Selling Process
1. Acknowledge
2. Acquire
3. Advise and
4. Assure
The vital elements of the sales entails
making a good impression, identifying or reiterating needs, offering the solution to the buyer's needs, and lastly credibility and trust.
Opening
This is simply done in order to get the attention and interest of potential customers quickly and thereby making a smooth transition into the next phase.
Types of Openings: They includes;
Complimentary, Referral Approach, Premium Approach, Product Approach, Showmanship Approach, Benefit Approach, Question/Opinion Approach, Shock Approach and Probe (SPIN) Approach.
Why do companies like Abercrombie & Fitch and Zara think that opening retail outlets in Japan will help them with their future products?
Answer: opportunity
Explanation:
Saw a question like this before. Because it's a opportunity to get more customers and doing it in other countries gives you opportunity for it
Answer:
Because of opportunity
During 2013, Arb Company incurred the following direct labor costs: January $20,000 and February $30,000. Arb uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $19,500 and $35,700. Actual overhead for the 2 months, respectively, totaled $24,500 and $32,500.
Determine if overhead is over- or underapplied for each of the two months and the respective amounts.
Answer:
Results are below.
Explanation:
Giving the following information:
Predetermined overhead rate= 120% of direct labor cost
First, we need to allocate overhead for the 2 months:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Month 1:
Allocated MOH= 20,000*1.2= $24,000
Month 2:
Allocated MOH= 30,000*1.2= $36,000
Now, the over/under allocation:
Under/over applied overhead= real overhead - allocated overhead
Month 1:
Under/over applied overhead= 24,500 - 24,000
Underapplied overhead= $500
Month 2:
Under/over applied overhead= 32,500 - 36,000
Overapplied overhead= $3,500
_____ is used to develop tactical plans by integrating customer-focused marketing plans for new and existing products with the operational management of the supply chain.
Answer:
Sales and operations planning (S&OP).
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
Generally, the four (4) stages of a supply chain include the following;
I. Supply management.
II. Supply chain management.
III. Supply chain integration.
IV. Demand-supply collaboration.
Sales and operations planning (S&OP) is an aspect of business management and supply chain planning that is typically used for the development of tactical plans by integrating customer-focused or customer-oriented marketing plans with respect to new and existing products into the operational management of the supply chain.
In conclusion, sales and operations planning (S&OP) helps manufacturers to better match supply with consumer demands by means of collaboration between the sales department and the operations department to create a single production plan.
in a ____, a strategic manager can condense the strenght, weakness, opportunities, and threats into fewer than 10 strategic factors to review and revise the weight given in each factor.
Answer:
Strategic Factors Analysis Summary (SFAS) Matrix
Explanation:
If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on the:
Answer:
If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on: The last day of the current taxable year.
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 100 items per hour. Two workers sharing a computer can together inventory 150 items per hour. Three workers sharing a computer can together inventory 160 items per hour. And four or more workers sharing a computer can together inventory fewer than 160 items per hour. Computers cost $100 each and you must pay each worker $25 per hour. Instructions: In parts a and b, round your answers to two decimal places. In part c, enter your answer as a whole number. a. If you assign one worker per computer, what is the cost of inventorying a single item
Answer: $1.25
Explanation:
Cost of inventorying a single item:
= (Cost of computer + Cost to employ worker per hour) / Items inventoried per hour
= (100 + 25) / 100
= $1.25
On August 31, Planar Corp. exchanged 100,000 shares of its $40 par value common stock for all of the net assets of Sistrock Co. The fair value of Planar's common stock on August 31 was $72 per share. Planar paid a fee of $320,000 to the consultant who arranged this acquisition. Direct costs of registering and issuing the equity securities amounted to $160,000. No goodwill or bargain purchase was involved in the acquisition. At what amount should Planar record the acquisition of Sistrock's net assets
Answer:
$7,200,000
Explanation:
Calculation to determine At what amount should Planar record the acquisition of Sistrock's net assets
Using this formula
Acquisition of Sistrock's net assets =(Shares of common stock issued ×Common stock fair value per share
Let plug in the formula
Acquisition of Sistrock's net assets=100,000*$72
Acquisition of Sistrock's net assets=$7,200,000
Therefore the amount that Planar should record the acquisition of Sistrock's net assets is $7,200,000
f a business wants to sell a product or service on the Internet for the first time, the __________ would need to understand the wide-ranging risks involved as well as the organization's security capability. A. executive committee B. operational risk committee C. compliance committee D. security committee
Answer:
b
Explanation:
The operational risk committee has the responsibility of maintaining and overseeing the operational risk of an organisation. They are to identify possible operational risks of all the activities of a company and take steps to mitigate and manage such risks
The functions of The operational risk committee includes :
Identify possible risksEvaluate the risks Develop and implement strategies needed to manage the riskEvaluate the risk and strategize implemented regularlycosA=1/2^-1.find the value of A
Answer:
A = 60°
Explanation:
Since cosA = 1/2, to find the value of A, we take the inverse cosine of both sides.
So, cosA = 1/2
So, taking inverse cosine of both sides, we have
cos⁻¹cosA = cos⁻¹(1/2)
So, A = cos⁻¹(1/2)
Using our calculator, taking cosine inverse of one-half, we find that, cos⁻¹(1/2) = 60°
Since cos⁻¹(1/2) = 60° and A = cos⁻¹(1/2)
This implies that A = 60°
So, we find that the value of A is 60°.
A negotiable CD is a: a short-term unsecured promissory note issued by a company to raise funds for a short time period. b loan to an individual or business to purchase a home, land, or other real property. c short-term fund transferred between financial institutions usually for no more than one day. d marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.
Answer:
d. marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.
Explanation:
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.
A negotiable certificate of deposit (NCD) can be defined as a type of certificate of deposit (CD) that has a minimum face (par) value of $100,000 and can't be redeemed before its maturity date i.e it doesn't allow the holder to withdraw money until the pre-determined date.
This ultimately implies that, a negotiable certificate of deposit (NCD) is a marketable bank-issued time deposit that specifies the interest rate earned (interest-bearing time deposits) and a fixed maturity date.
4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.
Answer:
Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.
Your customer has heard about precious metals funds. He asks about the types and amounts of various precious metals these funds might own. You tell him he has mistaken the focus of these funds. A gold fund, for example, might own: A) boxcars of gold ore. B) Barrack Gold Corporation common stock. C) ingots of gold of only a certain size. D) gold in a variety of forms, including sheets, wires, and ingots.
Answer:
B) Barrack Gold Corporation common stock.
Explanation:
Barrick Gold Corporation deals in the mining company that generated the gold & copper having sixteen operating sites in thirteen countries
Also it headquarter is in ontario, canada, etc
So as per the given situation, it is the common stock of the barrack gold corporation
Therefore the option b is correct
Michelle, The CEO of Nariko Jets, an airlines company, stated that she owes the credit of her professional success to the time she spent as a volunteer at a homeless shelter and her passion for artwork. She said that she learned to never stop dreaming from her work as a volunteer. Nariko Jets, according to Michelle, was the result of her combined efforts at life lessons that she learnt at the homeless shelter and her paintings which provided her inspiration to help create passenger and jet airlines that would make travel easier and more comfortable. Her competitors have always envied her success. Which of the following factors of inimitability is best reflected in this scenario?
A. First-mover advantage
B. Positive network externalities
C. Casual ambiguity
D. Tacit knowledge
Answer:
The correct answer is the option C: Casual ambiguity.
Explanation:
To begin with, in the field of business the concept known as "Casual Ambiguity" refers specifically to the situation where the competitors of a company do not understand how the inputs are combined in order to form the outputs due to the fact that they believe that there are several more factors that are not tangible that are affecting the production and that is why that the outputs end up being better products and more complicate it to understand. That is the case presented where the casual ambiguity is related to the life lessons and efforts that Michelle has done during his volunteer time.
Answer: C. Casual ambiguity
Explanation:
Inimitability refers to having qualities that cannot be so easily copied. In business, it gives rise to a competitive advantage that sets you apart from others.
One reason for inimitability is casual ambiguity. This refers to when the background of a company does not seem to correlate with or explain how the company in question, came to be successful. This ensures that other companies are unable to understand what they are to do to become as successful as those companies.
It is the case here. Competitors are unable to understand how paintings and growing up in an orphanage are helping Michelle so they cannot copy her strategy.
The level of concern for, or interest in, the purchase process triggered by the need to consider a particular purchase is
Answer:
purchase involvement
Explanation:
Purchase involvement can be regarded as level of concern or interest that is been raised in course of purchase process, any trigger as a result of
the need to consider a particular purchase result in Purchase involvement. level of consumer involvement is been seen as how interested the consumer is as regards buying as well as consuming a particular product. Those Low-involvement products are been seen as inexpensive, they usually pose low risk if the buyer make a purchase to that product mistakenly.
It should be noted that purchase involvement is the level of concern for, or interest in, the purchase process triggered by the need to consider a particular purchase.
Answer: It is purchase involvement.
As a manager, Marcus is very conscious of how his subordinates feel about whether their work outcomes are as expected relative to the effort and contributions they put in. This is an example of the _______ theory.
Answer:
equity
Explanation:
From the question we are informed about, Marcus who is a manager and very conscious of how his subordinates feel about whether their work outcomes are as expected relative to the effort and contributions they put in. This case is an example of the equity theory. Equity theory can be regarded as theory that base give explanation or allows to know if the distribution of particular resources is been fair to both involved relational partners.
To measure, Equity the ratio of contributions/cost is been compared with benefits/rewards outing
each person in consideration.
ratio of inputs to that of outcomes gives the structure of equity in a company.
The speaker has just made a key point. The global middle class will double in the coming years. However, this new middle class rising out of emerging economies is quite different from the current global middle class. The speaker suggests the R and D (research and development) organizations of today's companies may not be well positioned to gain this market. Which advantage of globalization does this point most directly address
Answer:
developing new competencies
Explanation:
In simple words, globalization promotes the innovation all around the world along with the promotion of its transfer from one economy to another. Due to this, the firms around the globe extend their businesses by setting their own limits. It helps the enhance their operational activities with new market and a new customer base to attract.
Which money market security is defined as short-term funds transferred between financial institutions, often for no more than one day
Answer: Federal Funds
Explanation:
The Fed requires that some financial institutions keep a certain proportion of their deposits with the Fed called a reserve requirement. Sometimes, on a daily basis, some financial institutions may not be able to meet up with this requirement whilst other exceed it.
When this happens, those with the excess can return lend those who don't have enough. This is called Federal funds and usually lasts for no more than one day.
Select the correct answer.
Shazia writes a novel about the lives of nomads who lived in the 1800s. She later finds out that a big production house has launched a movie based on a theme that Shazias’ book covers, including a few exact details. The production house didn’t check with Shazia for her consent. Which IPR right has the production house violated?
A.
trademark
B.
copyright
C.
patent
D.
trade secret
E.
goodwill
On her first day on the job in the fast food restaurant, Kayla's supervisor spent considerable time with her, explaining procedures and making sure that she knew how to greet customers, fill orders, and operate the cash register. What stage in the leader-member exchange theory does this describe
Answer: Role taking
Explanation:
The leader–member exchange theory simply focuses on the two way relationship that exist between the leaders and the followers.
When a new member joins the organization, it's the responsibility of the leader to assess the talent of the new employee and offer him or her the opportunities to demonstrate their capabilities and explain the functions that the person is expected to perform. This is what Kayla's supervisor is performing.
Nancy works in a factory that produces dolls and other toys. To improve productivity, Nancy's manager broke down each job into its component tasks, determined the best way to perform each task, and specified the output to be achieved by each worker performing the task. As a result, Nancy is expected to add arms and legs to 50 dolls per day. She is paid $2.50 per doll, but if she exceeds 50 dolls in a day, she receives an additional $1.50 per doll. This scenario relates to
Answer:
the classical theory of motivation.
Explanation:
the three classical theory of motivation are :
Maslow's hierarchy of needs theory Herzberg's Two factor theoryTheory X and Theory Y.Theory X ad Y are theories about workers motivation and management. they were developed by Douglas McGregor in the 1960s in his book the human side of enterprise.
Assumptions of theory X
1. Workers dislike their work
2. Workers would not work unless coerced
3. Workers have to be micromanaged
4. Workers need incentive to work
Theory x encourages an authoritarian management style
Assumptions of theory Y
1. Workers enjoy their work
2. workers need little or no incentive to work
3. Workers seek and take on responsibility
4. Workers are more engaged in decision making
The management style employed by Nancy's boss is more aligned to theory X
A company purchased equipment for $50,000 on January 1 of its first year. The equipment’s original estimated useful life is 8 years and its estimated salvage value is $10,000. The company uses the straight-line method of depreciation. On December 31 of its second year, before year-end adjusting entries have been recorded, the company decides to shorten the estimated useful life by 3 years giving it a total life of 5 years. The company did not change the salvage value and continues to use the straight-line method. How much depreciation expense should be recorded for the second year?
Answer:
$7000
Explanation:
The following steps would be taken to determine the answer
1. Calculate depreciation expense given the initial information
2. Determine the book value
3. calculate the depreciation expense using the new information and the book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($50,000 - $10,000) / 8= $5,000
Book value = $50,000 - $5,000 = $45,000
(45,000 - 10,000) / 5 = $7000
The company should record $8,750 as the depreciation expense for the second year.
Data and Calculations:
Cost of equipment on January 1 = $50,000
Estimated useful life = 8 years
Estimated salvage value = $10,000
Depreciable amount = $40,000 ($50,000 - $10,000)
Annual depreciation expense based on Straight-line method = $5,000 ($40,000/8)
Net book value = $45,000 ($50,000 - $5,000)
Re-estimated total useful life = 5 years
Remaining useful life after the first year = 4 years (5 - 1)
Estimated salvage value = $10,000
Depreciable amount = $35,000 ($45,000 - $10,000)
Annual depreciation expense based on Straight-line method = $8,750 ($35,000/4)
Thus, the depreciation expense for the second year is $8,750.
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For purposes of computing the weighted average number of shares outstanding during the year, a transaction that must be treated as if it occurred at the beginning of the year is:
Answer:
The answer is option d. 367,500.
Determine the weighted-average number of shares outstanding as of December 31, 2018.
Q. Compared with other investment asset classes, an investment in real estate is least likely to be characterized by:
Answer:
i really dont know/////////////////////////////////////////////////
Explanation:
A company had $43 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to:
How are maquiladoras similar to sweatshops? I. Workers are paid very low wages in both systems. II. Both are prevalent in underdeveloped nations. III. Both are outlawed internationally. A. I. only B. II. only C. I. and III. D. I. and II. Please select the best answer from the choices provided. A B C D
Answer:
D.) I. and II
I. Workers are paid very low wages in both systems.
II. Both are prevalent in underdeveloped nations.
Explanation:
maquiladora can be regarded as mode of manufacturing that is associated to countries such as Mexico, which is been at up by a foreign company, and it involves export of the manufactured goods out of that country to the origin country of the company. There are some benefits for the factory such as
duty-free as well as tariff-free imports of raw materials. sweatshop can be regarded as sweat factory, it is a crowded workplace that has socially unacceptable as well as
very poor and illegal working conditions. Employees in sweatshops usually have work long hours and petty pay.
It should be noted that maquiladoras similar to sweatshops in ways such was ;
✓Workers are paid very low wages in both systems.
✓Both are prevalent in underdeveloped nations.
Answer:
d
Explanation:
name the industry customers for smart watches ?what do you mean / what is the meaning of industry customers?
Answer:
Industrial customer means a customer engaged primarily in manufacturing or processing which changes raw or unfinished materials into another form or creates another product.
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Demand-pull inflation occurs when
the price of goods rises suddenly and extremely fast.
consumers begin purchasing more goods.
producers need more money to make and distribute goods.
the government prints more money and pushes prices up.
Answer:
The production and transport of good and service are high and rises than the demand pull inflation occurs. It may be profitable for any business. Demand pull inflation need cost more but more than that they get profit
