Answer:
Promissory fraud.
Explanation:
In this scenario, Seneca owns an interior painting service. Seneca promises Fran, a homeowner, that Seneca will paint the outside of Fran’s house. Seneca knows that all of the painter-employees are busy for the next two months and really does not intend to paint Fran’s house. In this case, Seneca’s tortious behavior is known as promissory fraud.
Promissory fraud can be defined as a promise made by an individual or business entity (promisor), when in actual fact they have absolutely no intention to perform the actions or fulfil the promise when it was made the other party.
Hence, Seneca exhibited a promissory fraud because he is aware that all of the painter-employees are busy for the next two months and really does not intend to paint Fran’s house.
Adams is selling his property to Katter for $94,000, and Katter is assuming an existing mortgage at 4-1/2% interest per annum with the unpaid balance of $9,200. Mortgage payments are due the first of each month and include interest up to but NOT including the day of payment. The last payment was made March 1, and settlement is to be March 26. Compute the interest proration that will be credited to the buyer using a 365-day year, and holding the buyer responsible for the day of closing.
Answer:
$69.53
Explanation:
loan's balance = $94,000
interest expense per year = $94,000 x 4.5% = $4,230
interest expense per day = $4,230 / 365 = $11.5890411
the seller is responsible for 25 days of interest = 25 x $11.5890411 = $289.73
the buyer is responsible for 6 days of interest = 6 x $11.5890411 = $69.53
The characteristics of a world market where global competition prevails include A. a market situation where competitive conditions across national markets are linked strongly enough to form a true world market and where leading competitors typically compete head to head in many different countries. B. minor cost variations from country-to-country (as concerns production, distribution, sales and marketing, and other primary components of the industry value chain) and minimal cross- country trade restrictions. C. a competitive environment comprised of so many competitors that no company has a sizable worldwide market share. D. many companies racing for global market leadership, with most contenders using the same basic type of competitive strategy and positioned in the same strategic group. E. low barriers to entry, such as large number of rivals that the actions of any one rival have little impact on the sales and market shares of other rivals, and key success factors that vary from country to country.
Answer:
A. a market situation where competitive conditions across national markets are linked strongly enough to form a true world market and where leading competitors typically compete head to head in many different countries.
Explanation:
The characteristics of a world market where global competition prevails include a market situation where competitive conditions across national markets are linked strongly enough to form a true world market and where leading competitors typically compete head to head in many different countries.
For instance, the fierce competition between the manufacturers of mobile phones such as Android devices and iOS devices. Also, manufacturers of vehicles are into head to head competition in different countries.
In concert with quality management programs, _______ controls help monitor the quality of goods or services at each step in the production process to alert managers to problems. feedforward concurrent feedback bureaucratic clan
Answer:
The correct answer is B) Concurrent Controls
Explanation:
Concurrent controls is a management sub-concept in Organisational Control.
Concurrent control is exerted while the activity such as production or manufacturing or service delivery is ongoing, not before or after.
If the control is executed afterwards, it no longer Concurrent but Feedback Control.
Another word for concurrent control is "Yes-No" control or Screening control. Where this is deployed, regular checks are put in place in real-time to ensure that timely course correction is made during the event.
Cheers!
Tasty Pasta in an American fast food restaurant chain with locations in 20 countries. When the company enters a new foreign market, it usually selects a combination of franchising and master subsidiaries. These master subsidiaries are joint ventures with local partners because of the advantages joint ventures bring to Tasty Pasta. Specifically, joint ventures are politically more acceptable and they:_________.A) Help realize location and experience curve economies
B) Avoid high transport costs
C) Ensure a steady stream of loyalty payments .
D) Tend to provide a higher control over technology.
E) Bring a degree of local knowledge to the subsidiary.
Answer: Bring a degree of local knowledge to the subsidiary.
Explanation:
Joint Venture is a form of business organization whereby two or more parties come together and use the skills and resources that they both have to achieve a common goal.
Based on the scenario in the question, Joint ventures are politically more acceptable and they also bring a degree of local knowledge to the subsidiary.
Blossom Company purchased a new machine on October 1, 2017, at a cost of $66,000. The company estimated that the machine has a salvage value of $5,700. The machine is expected to be used for 70,000 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to 0 decimal places, e.g. 5,275.)
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $66,000
Salvage value= $5,700
Useful life= 6
First, we need to calculate the annual depreciation using the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (66,000 - 5,700) / 6= 10,050
2017:
Annual depreciation= (10,050/12)*3= $2,512.5
2018:
Annual depreciation= $10,050
You received an email this morning where the content didnât align with the subject or the context in which you were receiving it. It was a jarring experience for you. What was this email not doing?
Answer:
not creating the right email by bringing content and context together
Explanation:
This email was apparently not creating the right email by bringing content and context together. A correct e-mail message needs to connect the content (details) and context (subject) together in order for the receiver to better understand what the message is in regards to and what the full details actually are. Otherwise, the message will either be misunderstood and/or ignored all-together, many times thinking that the message is just spam.
Customers can build their own computers with Dell's online configurator. They simply have to answer a few questions and choose from a menu of product attributes, prices, and delivery options. The design of a Dell customized computer is made possible through the use of a
Answer: Choiceboard
Explanation: A choiceboard may be explained as an online tool usually developed by product makers or manufacturers which affords consumers to make bespoke or custom products by allowing them the flexibility of making personal choices about the type, attribute and specifications they would want their personal product to posses. The choiceboard will contain a list of various options available on each of the specifications a product could have and the customer makes his or her choice allowing them to build a fully customized product.
Kimberly owns a cupcake shop in Newport Beach, California. The market for cupcakes is very competitive. At Kimberly’s current production level, her marginal cost is $31 and her marginal revenue is $27. To maximize profits, Kimberly should:
Answer:
Reduce production
Explanation:
Profit is maximised where marginal revenue equals marginal cost. Because marginal cost is greater than marginal revenue, Kimberly should reduce production unit the point where marginal cost equals $27.
Marginal cost is the increase in cost as a result of increasing production by one unit.
Marginal revenue is the increase in revenue as a result of selling one extra unit of a product.
Olin, a professional artist and art teacher, convinces Plato, who has no artistic ability, that he has considerable talent and induces him to pay Olin $10,000 for art lessons. When Plato realizes the truth, he files a suit against Olin. Plato is most likely to recover on the basis of
Answer:
Fraud
Explanation:
Fraud can be defined as a criminal deception or deceit that is aimed at resulting in financial gain.
From the above question, Olin defrauded Plato of $10,000 despite knowing that Plato had no talent. This is fraudulent and as such can help Plato's case against olin.
Cheers.
function of the money.
Answer:
The function of money is that it allows us to buy things and exchange it for things we want.
A. Stine Co. previously wrote off a $200 bad debt from Thorn Co. using the direct write-off method. On October 1, Stine unexpectedly receives a check in the amount of $200 from Thorn Co. The entry to record this receipt of $200 will include a: (Check all that apply.)
Answer:
Journal Entry
October 1
Dr. Account Receivables $200
Cr. Bad Debt $200
Dr. Cash / Bank $200
Cr. Account receivables $200
OR
Dr. Cash / Bank $200
Cr. Bad Debt $200
Explanation:
A receivable is written off when it is expected to be uncollectable. In this question, the Stine Co. previously wrote off and now the check from Stine is received. While writing off Thorn Co. removed the receivable value fom the accounting records. Now we need to adjust the value and record the transaction to make accounting records correct.
Which statement below best captures the overall point and focus of the New York Times article, Document 3?
A) The article expresses deep surprise and anxiety on the part of the New York Times' editorial board, about the idea of blacks playing for their beloved Brooklyn Dodgers.
B) The article's intent is to show sympathy for the ballplayers from southern states who are being asked to change their ways and beliefs so quickly.
C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.
D) The main focus of the article is on the shrewd business instincts of Branch Rickey and his desire to "tap" into the market for ticket sales to black New Yorkers.
Answer:
Correct Answer:
C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.
Explanation:
Option C ıs the best statement which captures the overall point and focus of the given New York Times article, Document 3.
Danton, a popular performer, dies. His spouse Caitlin sells their house to Buck. Unknown to Caitlin or Buck, in one of the closets is the master recording of an unreleased album. With respect to this recording, Buck can
Answer:
not keep it because there was no voluntary consent to its sale.
Explanation:
In this situation, Buck can not keep the unreleased album because there was no voluntary consent to its sale. When Danton died, all of his belongings became Caitlin's property. Since she did not know about the album or even that it was in the house when selling the house to Buck, she never agreed to transfer ownership of the album to Buck. Therefore, the album still belongs to Caitlin and Buck must return it.
Joseph Brown signs a contract with Lewis Johnson allowing Johnson to buy Brown's home for $63,200 anytime between the date of the contract and the following February 8. Brown also agrees not to sell his home to anyone else until after February 8 and received $300 as consideration. This contract is called
Answer:
An option.
Explanation:
In this scenario, Joseph Brown signs a contract with Lewis Johnson allowing Johnson to buy Brown's home for $63,200 anytime between the date of the contract and the following February 8. Brown also agrees not to sell his home to anyone else until after February 8 and received $300 as consideration. This contract is called an option.
An option is a contract (financial derivatives) which provide buyers the right, however not the obligation, to buy or sell an underlying asset at an agreed price and specified period of time (date). It comprises of call options and put options.
The market for plywood is characterized by the following demand and supply equations: QD = 800 – 10P and QS = 50P – 1,000, where P is the price per sheet of plywood and Q measures the quantity of plywood. What is the size of the deadweight loss if the government imposes a price ceiling of $25 per she
Answer:
$3,750
Explanation:
at $25 per sheet of plywood:
total demand = 800 - (10 x 25) = 800 - 250 = 550
total supply = (50 x 25) - 1,000 = 1,250 - 1,000 = 250
the equilibrium price is:
800 - 10P₁ = 50P₁ - 1,000
1,800 = 60P₁
P₁ = 1,800 / 60 = 30
the equilibrium quantity (Q₁) is:
Q₁ = 800 - (10 x 30) = 800 - 300 = 500
at 250 units, the price should be:
250 = 800 - 10P₂
10P₂ = 550
P₂ = $55
total deadweight loss = 0.5 x (P₂ - P₁) x (Q₂ - Q₁) = 0.5 x ($55 - $25) x (250 - 500) = 0.5 x $30 x -250 = -$3,750
Job specifications can be defined as: a. a set of procedures for advertising job openings within a company to existing employees. b. written descriptions of the basic responsibilities required of an employee holding a particular job. c. planned sequences of jobs through which employees may advance within an organization. d. a written summary of the qualifications needed to successfully perform a particular job.
Answer:
d. a written summary of the qualifications needed to successfully perform a particular job.
Explanation:
Job specification defines that when a person completes their studies with his specialization then he or she looks for a job for that particular field. So, it is necessary to choose specialization so that a person can perform in a better manner in an organization to achieve the company objective.
Therefore, according to the above explanation, the correct answer is d.
Payroll deductions are the same for all employees. True False
Answer:
may be yeah...it can be true
Answer:
False
Explanation:
because it would mean that all the jobs that are done are the same just like your work position like manager, and other stuff like that
As part of her annual review of her company's budgets versus actuals, Mary Gerard isolates unfavorable variances with the hope of getting a better understanding of what caused them and how to avoid them next year. The variable overhead efficiency variance was the most unfavorable over the previous year, which Gerard will specifically be able to trace to:
Options:
a. Actual overhead costs below applied overhead costs
b. Actual production units below budgeted production unit
c. Standard direct labor hours below actual direct labor hours
d. The standard variable overhead rate below the actual variable overhead rate
Answer: c. Standard direct labor hours below actual direct labor hours
Explanation: The variable overhead efficiency variance can obtained by multiplying the difference between the actual and Budgeted labour hours by the hourly rate for standard variable overhead. In this case, the outcome may be favorable or unfavorable. The variable overhead efficiency variance will be favorable if the actual labor hours is less than the budgeted hours while it will be unfavorable if the actual labor hours exceed the budgeted labor hours as described in the scenario above.
It will cost $7,000 to acquire an ice cream cart. Cart sales are expected to be $3,600 a year for three years. After the three years, the cart is expected to be worthless as the expected life of the refrigeration unit is only three years. What is the payback period
Answer:
It will take 2 years and 344 days to cover for the initial investment.
Explanation:
Giving the following information:
Initial investment= $7,000
Cash flow year 1 trough 3= $3,600
The payback period is the time required to cover for the initial investment:
Year 1= 3,600 - 7,000= -3,400
Year 2= 3,600 - 3,400= 200
To be more accurate:
(3,400/3,600)*365= 344
It will take 2 years and 344 days to cover for the initial investment.
The general expenses necessary to run the business are called Question 30 options: operating expenses. annual projections. 10-year forecasts. profits.
Answer:
Operating expenses
Explanation:
Before a business yields a profit as an output , there is a need for some input from the business owners. One of these input is operating expenses .
Operating expenses is supporting cost of keeping the business running in the course of normal production , different from the cost of production and is necessary as every form of other cost may not get a desired result without the operating cost.
Examples include rent , payroll ,transportation , security fees among others.
Answer:
operating expenses
Explanation:
textbook
Part 1 Using the refusal skills sequence, complete the case scenario by indicating how you would refuse to be involved in the situation. Include all eight steps of the refusal sequence, and use the format indicated below for each step. (List the step then the action) Example: 1. What are they asking me to do and why? They are asking me to participate in an activity that is illegal and against my personal values. (Double space after each answer.) Case Study Number ____________ 1. What are they asking me to do and why? 2. Label what they are asking you to do (i.e. illegal, dangerous, etc.). 3. Determine the consequences if you get caught or if you participate in this activity. 4. Communicate my refusal. 5. Say no. 6. Use "I" statements. 7. Suggest an alternative. 8. Leave the scene and avoid questionable places.
Incomplete question.
Full Question and Explanation:
1. What are they asking me to do and why?
They are asking me to do things both illegal and sexual that I do not believe in doing.
2. Label what they are asking you to do (i.e. illegal, dangerous, etc.).
It is Illegal, sexual, and dangerous
3. Determine the consequences if you get caught or if you participate in this activity.
I could get infected with a disease or even get arrested by law enforcement agents.
4. Communicate my refusal.
I do not do such things and I will not follow others in their wrongful course.
5. Say no.
No matter what you say, I say no!
6. Use "I" statements.
I feel that you do not consider my feelings when you try to force me because I don't want to do these things.
7. Suggest an alternative.
No, lets go and watch a movie at the movie theater.
8. Leave the scene and avoid questionable places.
My mom must be waiting for me by now, I'll have to go home.
What can you tell about google's Promotional Mix and Promotional strategies ?(10 Marks)
Answer:
The answer is below
Explanation:
Google is known to utilize Promotional Mix and Promotional Strategy that depends largely on viral, or referral, and marketing techniques.
Hence, Google's Promotional Mix and Promotional strategies can be summarized in the following key points:
1. AdWords internet ads: for example, there is a call to action links such as "Download Google Chrome Today" with phrases like "lightning-fast, clean and simple" on the Internet and their other data-enabled apps.
2. Google's YoúTube Channel: this is where they advertise their products through visuals, and the targeted audience gets to view them.
3. Minimalist internet advertising technique: For example, placement of Google link on the homepage of Google Chrome.
4. Offline Billboards: for example "Going Google" and "Google Adopts New..." Billboards
5. Referral: This is done through users, where individuals encourage their friends to use Google products.
Companies that organize their sales force by customer and territory; product and territory; product and customer; or territory, product, and customer are using a ________ sales-force structure.
Answer:
complex.
Explanation:
A complex sales-force structure is one that contains a diverse sales team design. The organizations that adopt this sales force structure are usually those that offer a diverse range of products for each type of customer and in different geographic areas, so you need to combine different types of sales force structures to achieve your sales objectives and goals. sales according to the preferences and profile of each customer in each location.
Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders?
Complete Question:
Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders?
Group of answer choices.
A. Critical infrastructure category
B. Unstructured threat category
C. Highly structured threat category
D. Structured threat category
Answer:
B. Unstructured threat category.
Explanation:
An unstructured threat category is a term which describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders.
Rovermand Corporation is a small organization in which each member of the company is clear about his or her responsibility and whom he or she must report to. The best feature of the organization is the quick decision making, owing to its simple and direct chain of command. In the context of organization models, Rovermand Corporation is a _____ organization.
Answer: Line
Explanation:
Line organization is defined as an organization where the basic framework for the organization is well spelt out, addressing the roles of the employees, from the top to the least, and to whom each reports to. It is the simplest and oldest pattern for organization framework and it's also known as chain of command or scalar principle. Rovermand Corporation operates in a line organization pattern.
Companies engaged in a single line of business most commonly utilize an organizational structure that can be:
a functional (departmental) organizational structure.
highly decentralized matrices.
either independent, consolidated, or hybrid profit centers.
hybrid functional organizations with a combination of
decentralized and centralized decision making.
either centralized, principal, or critical-path in nature.
Answer:
a functional (departmental) organizational structure.
Explanation:
Companies engaged in a single line of business most commonly utilize an organizational structure that can be a functional (departmental) organizational structure.
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
The employees in companies engaged in a single line of business are generally referred to as silos because they work independently, collaborate and communicate with their colleagues in a vertical style i.e exclusively with each other.
Hence, a functional (departmental) organizational structure enhance efficiency and an improved quality of production because workers having similar skills, knowledge and experience are grouped together to achieve common goals and objectives.
What are four importance of a business plan
Internal development of a new business subsidiary can be a more attractive means of entering a desirable new business than is acquiring an existing firm already in the targeted industry when A. the company has ample time and adequate resources to launch the new internal startup business from. the ground up. B. there is a large pool of desirable acquisition candidates. C.the target industry is growing rapidly and good joint venture partners are available. D. all of the potential acquisition candidates are losing money. E. the target industry is comprised of several relatively large and well-established firms.
Answer:
A. the company has ample time and adequate resources to launch the new internal startup business from. the ground up
Explanation:
Businesses consider factors like time and available resources to pursue projects. This is in an effort to ensure continuous flow of profit.
When a company wants to enter into a new industry it has the option of either buying an existing firm in that industry or developing a firm internally to break into the new industry.
Buying an existing company will save time and profits can start flowing immediately. It can also be a cheaper option.
Internal development of a firm to enter the industry will take more time to establish, and also more resources to build from the ground up.
A public radio station with a June 30 year end collects $100,000 in annual membership dues every January 1. Paying membership dues provides few direct benefits, which are not restricted to members. On January 1, the radio station should record the $100,000 as ______.
Answer:
Deferred Revenue
Explanation:
The public radio station has a year ending of June 30 and collects these dues on an annual basis therefore the dues received in January 1 are not yet earned. Under accrual accounting, and applying the revenue recognition principle, revenue which is received in this way has not yet been earned since these dues are collected/recorded annually but are billed before(january 1)the year end,and therefore are charged as liability until they are earned at year end then they are converted to revenue
You were recently given an old notebook computer that is missing most of its peripherals and accessories. You need to obtain the components necessary to allow you to efficiently perform your job both at the office and while traveling. You would like to purchase as many of the necessary accessories and peripherals as possible from a local computer store, where your company has an account. Which accessory or peripheral will you most likely have to obtain directly from the notebook manufacturer because of its highly proprietary nature?
Answer:
docking station
Explanation:
The docking station refers to a device in which the laptop, computer system, mobile device or other peripheral devices are used for charging in order to give access to a power supply
The accessory or peripheral that you should receive from the manufacturing of the notebook contains highly proprietory nature is a docking station and this is also a drawback of it
Hence, the fourth option is correct
