Yvonne authorizes Warren to act as her agent and sell her vehicle. Yvonne tells Warren her vehicle has never been in an accident, and Warren, despite knowing Yvonne had been in an accident a year ago in the car, passes this information on to the buyer. Is Warren liable for the misrepresentation:__________

Answers

Answer 1

Answer:

no

Explanation:

because he does something that he don't know what will happen ..and do not research for someone who want to hers car


Related Questions

On January 2, 20X5, Lem Corp. bought machinery under a contract that required a down payment of $10,000, plus twenty-four monthly payments of $5,000 each, for total cash payments of $130,000. The cash equivalent price of the machinery was $110,000. The machinery has an estimated useful life of ten years and estimated salvage value of $5,000. Lem uses straight-line depreciation. In its 20X5 income statement, what amount should Lem report as depreciation for this machinery

Answers

Answer:

$10,500 per year

Explanation:

The computation of depreciation under SLM is shown below:-

Depreciation under Straight line method = (cash equivalent price of the machinery - Estimated salvage value) ÷ Useful life

= ($110,000 - $5,000) ÷ 10  years

= $10,500 per year

Therefore for computing the depreciation under straight line method we simply applied the above formula.

Cardinal Company's bank statement showed a balance at May 31 of $180,974. The only reconciling items consisted of a large number of outstanding checks totaling $51,847. At May 31, what balance should Cardinal's Cash account show

Answers

Answer:

$129,127

Explanation:

Cardinal company bank statement showed a balance of $180,974 at May 31

The reconciling items consisted of outstanding checks of $51,847

Therefore, the amount that should be shown in Cardinal cash account on May 31 can be calculated as follows

= $180,974-$51,847

= $129,127

Hence a balance of $129,127 should be shown on the Cardinal cash account on May 31

is considering an investment with an initial cost of $236,000. In Year 4, the project will require an additional investment and finally, the project will be shut down in Year 7. The annual cash flows for Years 1 to 7, respectively, are projected as $64,000, $87,000, $91,000, −$48,000, $122,000, $154,000, and −$30,000. If all negative cash flows are moved to Time 0 using a discount rate of 13 percent, what is the project's modified IRR?

Answers

Answer:

18.54%

Explanation:

The computation of the project modified IRR is shown below:

Here we use the spreadsheet for determining the IRR

but before that we need to find out the cash inflows

Years       Amount (in dollars)

Year 0: = - $278,191.12

              ($236,000 - $48,000 ÷ 1.13^4 -$30,000 ÷ 1.13^7)

Year 1: 64000

Year 2: 87000

Year 3: 91000

Year 4: 0

Year 5: 122000

Year 6: 154000

Year 7: 0

Now we use the excel

=IRR({-$278,191.12,$64,000,$87,000,$91,000,$0,$122,000,$154,000,0})

= 18.54%

has a major medical insurance policy with a $500 calendar-year deductible, a $5,000 out-of-pocket limit, and 80-20 coinsurance. was hospitalized for a surgical procedure in March, his first healthcare treatment during the year. The total bill was $20,000. Considering the deductible and coinsurance, how much of this amount must pay

Answers

Answer: $3,900

Explanation:

First the deductible has to be removed.

= 20,000  - 500

= $19,500

With a $5,000 out-of-pocket limit, and 80-20 coinsurance, the insured is to pay 20% of the remaining balance but the maximum they can pay is $5,000 in a given period.

= 20% * 19,500

= $3,900

He will pay $3,900

Cash Payback Period, Net Present Value Analysis, and Qualitative Considerations The plant manager of Shenzhen Electronics Company is considering the purchase of new automated assembly equipment. The new equipment will cost $1,400,000. The manager believes that the new investment will result in direct labor savings of $350,000 per year for 10 years. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 a. What is the payback period on this project? 4 years b. What is the net present value, assuming a 10% rate of return? Use the table provided above. Round to the nearest whole dollar. Net present value

Answers

Answer:

NPV = $750,598.49

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Payback period =  amount invested / cash flow = $1,400,000 / $350,000 = 4 years

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in year 0 =  $-1,400,000.

Cash flow each year from year 1 to 10 =  $350,000.

I = 10%

NPV = $750,598.49

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Chenrezic Music Stores, a chain of stores selling musical instruments, is trying to improve its customer service. While examining its checkout data, it learned that people who buy guitar covers also buy guitar straps and vice versa. In this scenario, the use of data mining to find better ways to improve customer service has also led to the discovery of a(n) .

Answers

Answer: Affinity pattern

Explanation:

Data mining is when patterns are being discovered in large data. From the question, we are informed that Chenrezic Music Stores, a chain of stores selling musical instruments, is trying to improve its customer service.

We are further told that while examining its checkout data, it learned that people who buy guitar covers also buy guitar straps and vice versa. In this

This shows that data mining has helped to find better ways to improve customer service has also led to the discovery of affinity pattern.

a cashier ask for your help as a customer/member wants to make return one day beyond the return window

Answers

Answer

The answer is below

Explanation :

Most likely: Listen to the customer's reason for the return, and if the product has an expiry date, the answer is no returns, otherwise, I will accept the returns.

Least likely: I would say it is not feasible to do it without listening to the customer, most especially if the customer is rarely seen. This is to avoid unnecessary image damage to the firm, that could arise from the situation.

E

Considere que a empresa vale dos lirios Ltda, recebeu por meio de caixa, o valor registrado an conta de clientes referente a venda efetuada no mês de marco/2020- no valor de $3.400,00. Qual a alternativa que corresponde o método das partidas dobradas?

Answers

Responda:

Por favor, verifique a explicação

Explicação:

O método de dupla entrada simplesmente se refere a um princípio contábil em que cada transação realizada tem um registro duplo, ou seja, se uma operação de crédito é realizada, o débito correspondente é registrado, da mesma forma, quando ocorre um débito, o lançamento a crédito correspondente também é registrado ao lado.

No cenário acima, a entrada de débito do ativo adquirido pelo cliente à vista de R 3.400 enquanto a vale Lirios Ltda é creditada com o dinheiro recebido na venda de seu ativo.

Ativo Caixa R $ 3.400 - - - - Débito

vale Lirios Ltda (ativo) R $ 3.400 - - - crédito

Information processing errors consist of:_________

a. forecasting errors.
b. overconfidence.
c. conservatism.
d. framing.

Answers

Answer:

a. forecasting errors.

b. overconfidence.

c. conservatism

Explanation:

In information processing, the errors that occur are:

forecasting errors, overconfidence and conservatism.

In information processing, forecasting errors occur when people tend to give much weight. It tends to lead to extremism in forecasting. It causes deviation from the real to the forecasted information.

Overconfidence refers to when one believes that he is better than others. This is an information processing error.

Conservatism in information processing reveals the bias in human information processing. It leads to insufficiency in revising one's belief.

If a manager is called upon to hire a new vendor and negotiate the best services for the best price, which type of role is required?

Answers

Answer:

decision making role

Explanation:

Management roles vary depending on which type of manager we are talking about: upper, middle or lower management. Management roles include:

Leadership and Interpersonal RolesInformational RolesDecision Making Roles: are themselves divided into 4 categories (entrepreneur, disturbance handler, resource allocator, negotiator). In this case, the manager is allocating resources since labor is a resource.

If you buy a burger and fries at your favorite fast food restaurant, Group of answer choices then neither GDP nor consumption will be affected because you would have eaten at home had you not bought the meal at the restaurant. then GDP will be higher, but consumption spending will be unchanged. then GDP will be unchanged, but consumption spending will be higher. then both GDP and consumption spending will be higher.

Answers

Answer:

d. then both GDP and consumption spending will be higher

Explanation:

In case when the consumer purchased a burger and the fries to the favorite of his fast-food restaurant than it leads to an increase in the spending of the consumer and the Gross domestic product

As if the consumer spends his money so automatically his consumer spending risen also leads to the increase in gross domestic product.

Therefore the last option is correct

Excel Cost of common stock: Whitewall Tire Co. just paid a $1.60 dividend on its common shares. If Whitewall is expected to increase its annual dividend by 2 percent per year into the foreseeable future and the current price of Whitewall common shares is $11.66, what is the cost of common stock for Whitewall

Answers

Answer:

The cost of equity is 16%

Explanation:

The annual rate of return that an investor expects to earn when investing in shares of a company is known as the cost of common equity.

Price of stock = Next dividend / I-g

i = rate of return

g =  growth rate

Since Whitewall Tire co. just paid $1.60 dividend, the next dividend will be 1.60(1.02)

11.66 = 1.60(1.02) / (i - 0.02)

We solve for i

i = {1.60(1.02) / 11.66}+ 0.02

i = 0.16

i = 16%

Therefore, the cost of equity is 16%

Joan, the editorial head of a daily newspaper, implements a change to the newspaper's outline. He discusses this change with Sylvia, the marketing head of the company, and advises her to improvise the marketing strategy based on the updated outline. In the context of organizational authority, Joan is most likely exercising _____.

Answers

Answer: staff authority

Explanation:

From the question, we are informed that Joan, the editorial head of a daily newspaper, implements a change to the newspaper's outline and he then discusses this change with Sylvia, the marketing head of the company, and advises her to improvise the marketing strategy based on the updated outline.

The organizational authority, that Joan is most likely exercising is the staff authority. This is the power given to an employee based on the role or work they do in the organization. He is applying the authority as a staff.

A department mines the prior year’s data to determine if there are patterns related to absenteeism on a month-by-month basis. Which department (i.e. business function) benefits from this technology?

Answers

Answer:

The human resources / Payroll department

Explanation:

One of the function of human resources department is monitoring and evaluation of employee's performance. The rate of regularity of employees at work is highly relevant for this purpose and the prior years data on the absenteeism on a month - month basis could give an idea on whether they have been getting it right.

Another area is in the function of payroll. The attendance of employees at work is a major factor in arriving at the appropriate payroll. this function can also benefit from the prior years data to evaluate the accuracy of payroll activities.

Correctly match the account balances related to AFS securities with the correct financial statement presentation
(1) Other Comprehensive Income
(2) Net Income
(3) Accumulated Other Comprehensive Income
(a) Realized gains and losses from the sale of AFS securities
(b) Net fair value adjustments to date - net holding gains and losses to date
(c) Current period holding gains or losses

Answers

Answer:

Available-for-Sale Securities (AFS) are security instruments of another company that a company buys intending to sell before it matures or in the case of no maturity, the company intends to hold it for a while.

1. Other Comprehensive Income - Current period holding gains or losses

Available for Sale securities will see their values change as time goes on. The changes in their value have to be reflected in the books but because no money is actually being accrued or lost, this cannot be reflected in the Income statement. The various gains or losses in the current period will be recorded in Other Comprehensive Income.

2. Net Income - Realized gains and losses from the sale of AFS securities

When the AFS is actually sold, the gains or losses accrued will be sent to the Income statement as actual cash has now been accrued from its sale.

3.  Accumulated Other Comprehensive Income - Net fair value adjustments to date - net holding gains and losses to date.

While the various gains or losses in the current period will be recorded in Other Comprehensive Income, the accumulated gains or losses over the entire periods the security has been held is reported in the Accumulated Other Comprehensive Income which falls under the Equity section of the Balance sheet

Pisa, Inc. leased equipment from Tower Company under a four-year lease requiring equal annual payments of $344,152, with the first payment due at lease inception. The lease does not transfer ownership, nor is there a bargain purchase option. The equipment has a 4 year useful life and no salvage value. Pisa, Inc.’s incremental borrowing rate is 8% Pisa, Inc. uses the straight-line method to amortize similar assets. What is the amount of amortization expense recorded by Pisa, Inc. in the first year of the asset’s life?

Answers

Complete Question:

Pisa, Inc. leased equipment from Tower Company under a four-year lease requiring equal annual payments of $344,152, with the first payment due at lease inception. The lease does not transfer ownership, nor is there a bargain purchase option. The equipment has a 4-year useful life and no salvage value. Pisa, Inc.’s incremental borrowing rate is 10% and the rate implicit in the lease (which is known by Pisa, Inc.) is 8%. Pisa, Inc. uses the straight-line method to amortize similar assets. What is the amount of amortization expense recorded by Pisa, Inc. in the first year of the asset’s life?

                               PV Annuity Due        PV Ordinary Annuity

8%, 4 periods                  3.57710                          3.31213

10%, 4 periods                3.48685                         3.16986

a.   $0 because the asset is amortized by Tower Company.

b.   $284,968

c.   $307,767

d.   $300,000

Answer:

$307,767

Explanation:

We have to calculate the annuity value to estimate the value of the right to use and this is given as under:

Right to Use Value = Equal Annual Payments * (PV of Annuity due at 8%)

Here

Equivalent Annual Payment is $344,152

PV of Annuity due at 8% is 3.57710

By putting values, we have:

Right to Use Value = $344,152 * 3.57710 = $1,231,066

Now we will find amount of amortization expense recorded for first year:

Per year Amortization = $1,231,066 / 4 Years = $307,767

Gilbert & Sons is a leveraged firm. It has 300,000 shares of stock outstanding with a market price of $32 per share. The company also has $6.6 million of debt outstanding that sells at par. The pre-tax cost of debt is 9 percent and the unlevered cost of capital is 12 percent. What is the cost of equity if the tax rate is 35 percent?

Answers

Answer:

13.34%

Explanation:

According to the MM theory :

re = ro + (ro - rd)(1-t)D/E

where re = cost of equity

ro = unlevered cost of capital

t = tax rate

d/e = debt to equity ratio

equity = 300,000 x $32 = $9,600,000

D/E = $6.6 million / $9.6 million = 0.6875

12% + (12% - 9%) x (1-0.35) x 0.6875 = 13.34%

Gordy's Corp. has seven employees. Each earns $800 per week for a five day work week ending on Friday. This month, the last day of the month falls on a Thursday. The company should make an adjusting entry:

Answers

Answer:

The journal entry to record the wages expense for the month is:

Thursday, end of month, wages expense:

Dr Wages expense 640

    Cr Wages payable 640

The adjusting entry made on Friday would be:

Friday, first day of the new month, wages expense:

Dr Wages expense 140

Dr Wages payable 640

    Cr Cash 800

Once the government passes a bill to respond to a recession, it takes some time to disperse the funds to the appropriate agencies to start the programs. Economists call this time to start the projects the _________________.

Answers

Answer: implementation lag

Explanation:

The implementation lag is Implementation lag is the delay between an macroeconomic event that has an adverse effect on the economy and the implementation of either a fiscal or a monetary policy to correct the situation by the central bank or the government.

Once the government passes a bill to respond to a recession, it takes some time to disperse the funds to the appropriate agencies to start the programs. Economists call this time to start the projects the implementation lag.

______ costs are administrative costs related to determining an order quantity, preparing purchase invoices, inspecting goods received for quality and quantity, and moving goods for temporary storage.

Answers

Answer: Ordering

Explanation:

Ordering cost tends to look at the cost required to order a particular item, from the initiation of the process till it's being inspected on it's arrival till it's moved to the store room. The first aspect is making enquires for the item, this us followed by bidding for the item, purchasing it, inspection and delivering to it's temporary location.

Starbucks entered a partnership with Keurig Green Mountain to sell K-Cup single-serving coffee packs. Because Starbucks __________, it was prepared for this shift in its marketing environment.

Answers

Answer:

tracked, as part of its ongoing environmental scanning activities, the percentage of households with single cup brewers

Explanation:

Starbucks entered a partnership with Keurig Green Mountain to sell K-Cup single-serving coffee packs. Because Starbucks tracked, it was prepared for this shift in its marketing environment.

What is a partnership?

The partnership is referred to as the alliance formed between two or more two people with share capital as well as profit and loss of the business and achieve the common objective of the organization.

A shift in the marketing environment can lead to both profit and loss for an organization. Every organization needs to plan in advance to cope with the rising challenges and utilize them as opportunities for the business.

The change in the marketing environment is caused by political, social, economic, and cultural factors which affect the sales of any product.

Learn  more about the partnership here:

brainly.com/question/25012970

#SPJ6

XYZ assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables

Answers

Answer:

$0

Explanation:

Data provided in the question

Account receivable assigned = $6,000,000

For Collateral = $2 million

Percentage = 8%

Finance fee = 1%

Based on the above information, the amount of gain or loss that should be recorded at the time of transfer of receivable is zero as the account receivable is used for a collateral purpose ,not for sale purpose

Therefore, the $0 should be recorded

Marsh Corporation purchased a machine on July 1, 2012, for $1,250,000. The machine was estimated to have a useful life of 10 years with an estimated salvage value of $70,000. During 2015, it became apparent that the machine would become uneconomical after December 31, 2019, and that the machine would have no scrap value. Accumulated depreciation on this machine as of December 31, 2014, was $295,000. What should be the charge for depreciation in 2015 under generally accepted accounting principles

Answers

Answer:

$191,000

Explanation:

The computation of straight line depreciation is shown below:-

Straight line Depreciation:

= (Book value - Salvage value) ÷ Remaining life

= ($1,250,000 - $295,000 - 0) ÷ (From 2015 to 2019)

= ($1,250,000 - $295,000 - 0) ÷ 5 year

= $191,000

Therefore for computing the straight line depreciation we simply applied the above formula.

The manager of a bulk foods establishment sells a trail mix for $5 per pound and premium cashews for $15 per pound. The manager wishes to make a 75-pound mixture of both that will sell for $13 per pound. How many pounds of each should be used

Answers

Answer:

15 pounds of trail mix60 pounds of premium cashews

Explanation;

75 pounds of the mixture should be made so assuming the trail mix is x and the premium cashew is y, the following expression is formed;

x + y = 75

The selling price per pound is $13 so in total, sales should be;

= 75 * 13

= $975

5x + 15y = 975

Substitution can then be used;

x + y = 75

y = 75 - x

Then;

5x + 15y = 975

5x + 15 ( 75 - x ) = 975

5x + 1,125 - 15x = 975

-10x = -150

x = 15

y = 75 - 15

= 60

15 pounds of trail mix

60 pounds of premium cashews

What is the main reason that it is necessary for public companies to follow the rules and format set out in the Generally Accepted Accounting Principles​ (GAAP) when creating financial​ statements? A. It ensures that the market value of assets and debt are reported accurately. B. It ensures that information on the performance of public companies is reported on cashbasis accounting. C. It ensures that important budgetary information is not omitted. D. It makes it easier to compare the financial results of different firms.

Answers

Answer:

D. It makes it easier to compare the financial results of different firms.

Explanation:

A common tool used by events to reduce the potential for a lawsuit is A. holding parents responsible for their child's involvement in an event. B. employing volunteers as full-time employees. C. using a waiver and release of liability form. D. not allowing minors to participate in the event.

Answers

Answer:

C

Explanation:

A waiver is a documents that makes clear the related risks to an activity and protects one from liability that might occur as a result of undertaking such activities. The person undertaking the activity will need to sign a form that will release the other party from potential liability that could occur.

Similar to a waiver is the release of liability form which is a legal documents that prevents a party from suing another in the event of an accident for undergoing events that are inherently dangerous in nature.

Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street in Metro City. Lily buys the property and then discovers that the street has no more traffic than any other in its vicinity. Lily is most likely a victim of Group of answer choices

Answers

Options :

a. ​mistake.

b. ​opinion.

c. ​an adhesion contract.

d. ​fraud.

Answer: Fraud

Explanation: From the scenario described above, it could be inferred that Ken, the real estate agent used trickery to lure Lily into purchasing the property. Hence, Lily could be said to have been defrauded by Ken who used what Lily needed to trick her into making the purchase because the main specification, that is high traffic, which Ken used to lure Lily was actually false. Fraud remains a grave offence as it could only be carried out by lying, issuing false statement, blackmail, impersonation and other grave offences.

ABC is a Medicare Advantage (MA) plan sponsor. It would like to use its enrollees’ information to market non-health related products such as life insurance and annuities. To do so it must obtain authorization from the enrollees. Which statement best describes the authorization process?

Answers

Answer is given below

Explanation:

The Medical insurance company provided all consent knowledge to the patient or beneficiary. It should be well defined so that it can dispel all the doubts of the beneficiary. Must have a valid registration page. The beneficiary should give all the information related to the company.  and the registration page should ask for all the information needed for a future claim. There should be a proper definition of coverage of illnesses and risks so that the beneficiary has no doubt.

Answer:

Authorization may be obtained by directing a beneficiary to a website to provide consent as long as the website includes a mechanism for an electronic signature that is valid under applicable law

Explanation:

Starling Co. is considering disposing of a machine with a book value of $12,500 and estimated remaining life of five years. The old machine can be sold for $1,500. A new high-speed machine can be purchased at a cost of $25,000. It will have a useful life of five years and no residual value. It is estimated that the annual variable manufacturing costs will be reduced from $26,000 to $23,500 if the new machine is purchased. The five-year differential effect on profit from replacing the machine is a(n)

Answers

Answer: increase of $11,000

Explanation:

Based on the information that have been provided in the question, the five-year differential effect on profit from replacing the machine will be:

= $25000 - [5 × ($26,000 - $23,500)] - $1500

= $25,000 - (5 × $2500) - $1500

= $25,000 - $12,500 - $1,500

= $25,000 - $14,000

= $11,000

Therefore, there will be an increase of $11,000.

A buyer purchased a new residence for $175,000. The buyer made a down payment of $15,000 and obtained a $160,000 mortgage loan. The builder of the house paid the lender 3% of the loan balance for the first year and 2% for the second year. This represented a total savings for the buyer of $8,000. What type of mortgage arrangement is this

Answers

Answer:

Buydown, is the right answer.

Explanation:

This is a buydown mortgage arrangement because in the buydown financing technique the buyer tries to take lower interest rates in the initial year of the loan period. Moreover, some mortgage lenders provide buydown discounts or points as part of their promotion. Secondly, the builder pays the initial payment to the mortgage institution that results in the lower buyer’s payment.

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