The present value of the thirty payments of $70 each that the bondholder will receive is $869.
Although bonds are not all created equal, they are frequently seen as secure investments for retirees. As a wide variety of bonds plummeted during the sell-off in the equity market in March, bondholders were forced to learn an expensive lesson. The unexpected global economic shutdown caused on by the health crisis caught markets off guard. Investors liquidated riskier investments like stocks and holdings in bonds that invested in firms and municipalities at high risk of a default or bankruptcy as a result, driving a rush for cash and safety.
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when a new position in her collective bargaining unit opened up, anke thought she should get the position because she had similar experience at a previous job. however, the job went to someone who had more seniority, but less skill. anke thought this was unfair. what is the first thing anke should do to ensure the contract was enforced correctly?
Anke should review the collective bargaining agreement to ensure that the contract was enforced correctly.
Collective bargaining units often have specific guidelines outlined in their contracts regarding the process for filling job openings.
The first thing that Anke should do is to review the collective bargaining agreement to ensure that the contract was enforced correctly. Anke should pay particular attention to the sections related to the job selection process, including the criteria used to evaluate candidates and the order of priority given to each criterion.
If Anke finds that the decision was made in violation of the collective bargaining agreement, she should bring this to the attention of her union representative.
It's important to note that while experience is an important criterion for job selection, other factors such as seniority and skills may also be considered. In cases where there is a conflict between these criteria, the collective bargaining agreement may provide guidelines for resolving the conflict.
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kansas enterprises purchased equipment for $77,000 on january 1, 2021. the equipment is expected to have a five-year life, with a residual value of $6,900 at the end of five years. using the double-declining balance method, the book value at december 31, 2022, would be: (do not round your intermediate calculations)
By using the double-declining balance method, the book value at December 31, 2022, would be $35,682.
To use the double-declining balance method, we need to calculate the straight-line depreciation rate first. This is done by subtracting the residual value from the initial cost and then dividing by the number of years of the asset's life. In this case, the calculation would be:
($77,000 - $6,900) / 5 years = $14,220 per year
Using the double-declining balance method, the depreciation expense for 2021 would be:
$77,000 x 2 x ($14,220 / 100%) = $27,098
The book value at the end of 2021 would be:
$77,000 - $27,098 = $49,902
For 2022, we need to apply the same depreciation rate to the book value at the beginning of the year, which is $49,902. The depreciation expense for 2022 would be:
$49,902 x 2 x ($14,220 / 100%) = $14,220
Adding the depreciation expense for 2021 and 2022 together gives us a total accumulated depreciation of $41,318. Subtracting this from the asset's initial cost gives us the book value at December 31, 2022:
$77,000 - $41,318 = $35,682
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on september 1, 2019, pitform corporation enters into an agreement with balen corp. to sell it $40,000 of goods. pitform will deliver the goods september 30, 2019. payment is due upon acceptance. acceptance is determined by both pitform and balen to be september 30, 2019. pitform produces the goods for a cost of $20,000. what september journal entries should pitform record for this transaction?
September journal entries for the transaction are as follows;
Debit Accounts Receivable $40,000
Credit Sales Revenue $40,000
Debit Cash $40,000
Credit Accounts Receivable $40,000
Debit Cost of Goods Sold $20,000
Credit Inventory $20,000
In order to record the September journal entries, we need to know the transactions first.
Transaction: On September 1, 2019, Pitform Corporation enters into an agreement with Balen Corp. to sell it $40,000 of goods.
Journal Entry:
Debit Accounts Receivable $40,000
Credit Sales Revenue $40,000
Transaction: Payment is due upon acceptance.
Journal Entry:
No entry is required since payment will only be made upon acceptance.
Transaction: Acceptance is determined by both Pitform and Balen to be on September 30, 2019.
Journal Entry:
Debit Cash $40,000
Credit Accounts Receivable $40,000
Transaction: Pitform produces the goods for a cost of $20,000.
Journal Entry:
Debit Cost of Goods Sold $20,000
Credit Inventory $20,000
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you own 20% of the stock of a company that has 10 directors on its board. how much representation can you get on the board if the company has cumulative voting? how much representation can you ensure if the company has straight voting?
A firm with ten directors on its board holds 20% of your shares. By casting all of your votes for 22 directors in a cumulative voting or election, you can achieve proportional representation by filling 22 board seats (20% of ten).
By casting all of your votes for four directors in a cumulative voting system, you may elect representatives to four board seats (or 40% of the 10 seats available), giving you proportional representation.
Using a voting technique known as cumulative voting can assist minority shareholders have a stronger voice in choosing directors. One candidate for the board of directors may receive all of the votes from shareholders using this procedure.
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what promotion mix tool can be especially important when an organization faces a crisis that it must diffuse?
When an organization is facing a crisis that it must diffuse, the promotion mix tool that can be especially important is public relations.
Public relations is the practice of building and maintaining relationships between an organization and its various stakeholders, including customers, employees, investors, and the general public. It involves using various communication channels, such as media relations, community outreach, and crisis management, to influence perceptions and attitudes toward the organization.
During a crisis, public relations can play a crucial role in diffusing the situation by managing the flow of information and providing a clear and transparent response to stakeholders. Public relations professionals can use various tactics, such as media statements, press conferences, social media updates, and community outreach, to communicate with stakeholders and provide accurate information about the crisis and the organization's response.
By using public relations effectively, an organization can help to minimize the negative impact of a crisis and maintain the trust and support of its stakeholders. This can be especially important in protecting the organization's reputation and ensuring its long-term success.
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one of the buyer representation forms published by c.a.r. is the brnn. what do the two ns stand for?
The two "N's" in BRNN stand for "Non-Residential Nature." The BRNN form is a Buyer Representation Agreement for non-residential properties, such as commercial buildings or vacant land.
This form is used when a buyer seeks the assistance of a real estate agent to purchase a non-residential property. The agreement outlines the terms of the relationship between the buyer and the agent, including the duration of the agreement, the commission rate, and the specific properties the buyer is interested in. The form also includes provisions for the buyer's obligations, such as providing accurate information about their financial capabilities and notifying the agent of any changes in their buying criteria. By signing the BRNN form, the buyer agrees to work exclusively with the agent and compensate them for their services.
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explain the negative effects that will arise as a result of the management's actions that often practice favoritism in the process of hiring new employees
Answer:
When management practices favoritism in the process of hiring new employees, it can lead to negative effects on both the organization and its employees, including:
1. Decreased morale: Employees who are passed over for promotions or job opportunities due to favoritism may become demotivated and feel undervalued. This can result in decreased productivity, higher absenteeism, and even employee turnover.
2. Decreased trust: When management practices favoritism, it erodes trust among employees and between employees and management. Employees may feel that the organization is not transparent or fair in its practices, which can lead to a lack of commitment and loyalty.
3. Decreased diversity: Favoritism can lead to a lack of diversity in the workplace, as managers may favor candidates who share their same background, experiences, or opinions. This can limit the perspectives and ideas brought to the table and may negatively impact the organization's performance and growth.
4. Legal repercussions: Favoritism in the hiring process can result in legal issues for the organization, including discrimination lawsuits or complaints filed with government agencies. This can damage the organization's reputation and result in financial penalties or other legal consequences.
Explanation:
In conclusion, the negative effects of management's actions of favoritism in the process of hiring new employees can be significant, and can impact the organization's overall performance and success. It is important for management to establish fair and transparent hiring practices, which can help to ensure that all employees are valued and given equal opportunities for career advancement.
which type of pay structure is feasible if all jobs are benchmark jobs and direct matches can be found in the market?which type of pay structure is feasible if all jobs are benchmark jobs and direct matches can be found in the market?market-based pay systemcompetency-based pay systemskill-based pay systemgain-sharing
A market-based pay system is feasible if all jobs are benchmark jobs and direct matches can be found in the market.
A market-based pay system refers to a system in which salaries are determined based on the current job market. In essence, employees are paid a salary that is comparable to what other businesses in their industry are paying for similar positions. Employees in market-based pay systems may get raises when they gain knowledge or experience or when they advance to a higher job level. However, their pay increases might also be determined by the external market, which means that their compensation is based on the competitiveness of the local job market.A market-based pay system is feasible if all jobs are benchmark jobs and direct matches can be found in the market. Benchmarking entails comparing your company's job positions to those of other businesses. The aim is to determine if your company is paying a competitive salary for similar jobs in your market area. Direct matches refer to positions in other firms that are substantially similar to positions in your organization.A market-based pay structure is the most effective pay system for attracting and retaining employees because it is based on market competition. This implies that pay rates are determined by how competitive the local job market is. This pay system takes into account the external market for jobs, which can fluctuate dramatically over time.
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the board of directors makes a commitment that a portion of retained earnings is unavailable for dividends which is called a.limited capital. b.an appropriation. c.a hold on earnings. d.a prior period adjustment.
The board of directors makes a commitment that a portion of retained earnings is unavailable for dividends, which is called b. an appropriation.
An appropriation, in finance and accounting, is the act of setting aside or earmarking funds for a specific purpose.
In the context of a corporation, an appropriation usually refers to a portion of retained earnings that is set aside by the board of directors for a specific purpose, such as reinvestment in the business or to finance future expansion.
One common type of appropriation is a dividend appropriation, where the board of directors makes a commitment that a portion of retained earnings will not be paid out as dividends to shareholders.
This can be done for a variety of reasons, such as to retain earnings for reinvestment in the business, to pay off debt, or to prepare for potential future financial difficulties.
The dividend appropriation is typically recorded as a separate line item on the balance sheet under "retained earnings."
This ensures that the funds set aside for the appropriation are not included in the calculation of the company's available earnings for the purpose of calculating dividend payouts to shareholders.
It's worth noting that an appropriation is not a guarantee that the funds will be used for the specified purpose. The board of directors has the authority to change the appropriation if circumstances change or if the funds are needed for other purposes.
However, any changes to the appropriation must be approved by the board and recorded in the company's financial statements.
In summary, an appropriation is a commitment by a corporation to set aside funds for a specific purpose. A dividend appropriation is a common type of appropriation in which a portion of retained earnings is set aside by the board of directors and made unavailable for dividends to shareholders.
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1: "How did Great Buy handle the return?" asks Sam.
"They promptly sent us two replacement monitors on October 10, as soon
as we returned the damaged ones," Monique replies. "And on October 28,
they sent us an invoice for the entire order. We paid them with a check that
same day."
Monique shows Sam the invoice from Great Buy, which reflects the two
replacement monitors that Berthold's received after returning the damaged
ones and asks him to process it for payment.
DESCRIPTION
Computer monitors (original order, $350 x 8)
Computer monitors (replacements, $350 x 2)
TOTAL:
AMOUNT
8 of 12
$2,800
$700
$3,500
What information would be recorded in the Accounts Payable ledger, which
had a previous balance of $2,800?
The resulting balance in the Accounts Payable ledger after these transactions would be a credit balance of $300 (i.e., $2,800 credit balance - $700 debit + $3,500 credit).
Why it is?
Based on the information provided, the following transactions would be recorded in the Accounts Payable ledger:
A credit entry for the original order of 8 computer monitors for $2,800, which was the previous balance in the ledger.
A debit entry for the two replacement monitors received on October 10, for a total of $700.
A credit entry for the payment made by Berthold's with a check on October 28, for the total amount due of $3,500.
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when the federal reserve conducts open-market operations to increase the money supply, it group of answer choices decreases the amount of deposits that banks must keep on hand. buys government bonds from the public. raises the discount rate. decreases its lending to member banks.
Trades in or out of government bonds. As one purchases bonds, the money supply rises; when one sells bonds, it falls.
Bonds known as dual currency bonds are those for which capital is raised in one currency but redemption occurs in a different one. A dual currency bond has two different currencies as its principal and coupon rate. A rise in the issue of dual currency bonds during the low interest rate years of 1995 and 1996 was mostly caused by Japanese investors looking for income options that were not accessible domestically. Among the oldest and most successful currency-linked fixed income securities, dual currency bonds have endured in popularity. In the late 1980s, the securities were issued through a private placement, with Japanese insurers providing funds to American and European issuers.
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in accounting, the term translation refers to group of answer choices the procedure required to identify a company's functional currency. the calculation of gains or losses from all transactions for the year. the calculation of exchange rate gains or losses on individual transactions in foreign currencies. a procedure to prepare a foreign subsidiary's financial statements for consolidation. the calculation of gains or losses from hedging transactions.
In accounting, the term translation typically refers to the procedure required to prepare a foreign subsidiary's financial statements for consolidation.
This process involves converting the subsidiary's financial statements from its local currency to the reporting currency of the parent company. The reason for this procedure is to ensure that all financial information is presented in a consistent manner, regardless of the subsidiary's location.
The functional currency of the subsidiary is determined based on the primary economic environment in which it operates. This is typically the currency of the country in which it is located, but there may be instances where a different currency is more appropriate.
Once the functional currency is determined, the subsidiary's financial statements are translated into the reporting currency using the current exchange rate. This process can result in gains or losses from exchange rate fluctuations, which are recorded in the consolidated financial statements.
It's important to note that translation is different from the calculation of gains or losses from individual transactions in foreign currencies. These gains or losses are typically recorded as part of the underlying transaction and are not related to the translation process.
In summary, translation in accounting refers to the process of preparing a foreign subsidiary's financial statements for consolidation in the reporting currency of the parent company. It involves converting financial information from the local currency to the reporting currency using the current exchange rate and can result in gains or losses from exchange rate fluctuations.
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a firm finds that whether it produces 30,000 vases or 40,000 vases, its average total cost is $180. this observed pattern might be explained by multiple choice diminishing marginal productivity. economies of scale. diseconomies of scale. constant returns to scale.
The observed pattern of the constant average total cost is likely due to constant returns to scale, where the cost per unit remains the same as output increases.
The firm's observed trend of having the same average total cost of $180 when making 30,000 or 40,000 vases indicates that it is experiencing consistent returns to scale. Constant returns to scale arise when growing output by a certain percentage results in an increase in overall expenses.
In other words, the firm's production process does not experience economies of scale (cost reductions as output rises) or diseconomies of scale (cost increases as output decreases), but rather a constant cost structure across its production scale.
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xr transport, inc. offers to sell a truckload of palettes to rapid delivery company. before rapid accepts the offer, xr calls rapid to say that the palettes have been sold to speedy trucking corporation and that it is revoking the earlier offer to rapid. xr is group of answer choices not liable, because it revoked the offer to rapid. liable to speedy for breach of contract. liable to rapid for breach of contract. not liable, if qt offers substitute goods to rapid.
XR Transport, Inc. is liable to Rapid for breach of contract if Rapid accepted the offer to purchase the truckload of palettes.
Once Rapid accepted the offer, a contract was formed, and XR Transport, Inc. had a legal obligation to sell the palettes to Rapid.
By revoking the offer and selling the palettes to another party, XR Transport, Inc. breached the contract with Rapid.
XR Transport, Inc. may also be liable to Speedy for breach of contract, depending on the terms of the agreement between the two parties.
If XR Transport, Inc. offers substitute goods to Rapid that are of the same quality and price as the palettes originally offered.
Then XR Transport, Inc. would not be liable to Rapid for breach of contract.
However, this would depend on the specific circumstances and terms of the contract between XR Transport, Inc. and Rapid.
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miguel is a new salesperson for imperial realty. dissatisfied with the lack of mentoring he has received, he decides to work for millennium real estate instead, and has his license transferred. at the time of the switch, he had listed two properties. what happens to his listings? group of answer choices miguel can keep the listings; they belong to him miguel cannot keep the listings; they belong to imperial realty the listings will stay with imperial realty, but when the properties sell, imperial will still compensate miguel directly the commission will be divided on a prorated basis between imperial and millennium
Real estate listings are the sole property of the broker who has received them. If a salesperson working for the brokerage resigns, the listings would stay with the broker.
When a salesperson is employed by a brokerage company, they work under the brokerage's license, which is issued by the real estate regulatory body in the jurisdiction where the brokerage is registered. The licensing body has approved the brokerage to act as a property manager and to hire salespeople to perform real estate transactions on its behalf. Therefore, the listings belong to Imperial Realty, and Miguel cannot keep them. If the listings sell, Imperial Realty will receive the commission, not Miguel.
It is because the properties were listed under Imperial Realty's license. Miguel may start his real estate business, and he may have to list those properties again under the new brokerage company. In that case, the new brokerage will receive the commission when the properties sell. Therefore, a salesperson cannot take the listings with him/her after leaving a brokerage. The broker owns the listings, and the salesperson is only authorized to advertise them on the broker's behalf.
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in which accounting area(s) is an asset's estimated useful life determined by the taxpayer's assessment, rather than being predetermined based on asset type? multiple choice question. financial accounting only tax accounting only both financial and tax accounting
The accounting area in which an asset's estimated useful life determined by the taxpayer's assessment, rather than being predetermined based on asset type is option (b) Tax accounting only
In tax accounting, the taxpayer's assessment can be used to determine an asset's estimated useful life for depreciation purposes. This is because the tax code allows for taxpayers to use their own reasonable estimate of an asset's useful life, as long as it is supported by documentation and other evidence.
In contrast, financial accounting standards (such as GAAP in the United States) typically require the use of predetermined useful lives based on the type of asset, unless there is evidence to support a different estimate.
Therefore, the correct option is (b) Tax accounting only.
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hannah and ashni have started a fruit stand business in a rented store front. for this year, they bought fruits for $400,000, they ran ads in the local paper for $5,000. during the same period, they sold $600,000 of fruits and paid $100,000 in payroll for the two of them? what is their operating income?
Their operating income is $95,000, calculated as revenue ($600,000) minus expenses ($405,000) minus payroll expenses ($100,000).
Operating Income = Revenue - Expenses - Payroll Expenses
Revenue = $600,000 Expenses = $400,000 + $5,000 = $405,000
Payroll Expenses = $100,000
Operating Income = $600,000 - $405,000 - $100,000
Operating Income = $95,000
Therefore, Hannah and Ashni's operating income for the year is $95,000.
Operating income is a measure of a company's success that shows money from activities minus costs such as the cost of products sold, operating expenses, and salary expenses. It shows how much profit a firm makes from its main business operations.
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which of the following schools of thought is the most likely to advocate the use of fiscal policy in fighting recessions? a monetarism b keynesian c rational expectations d real business cycle e classical macroeconomics
The most likely school of thought to advocate the use of fiscal policy in fighting recessions is Keynesian economics. So, the correct answer is B.
About Keynesian economicsThis approach emphasizes the importance of aggregate demand and the role of government intervention in managing the economy.
Keynesian economists believe that fiscal policy, which includes government spending and taxation, can be used to stabilize economic fluctuations and boost aggregate demand during recessions.
In contrast, monetarism focuses on controlling the money supply to manage inflation and stabilize the economy. Rational expectations theory asserts that individuals make decisions based on their rational expectations of future events, which limits the effectiveness of fiscal policy.
Real business cycle theory emphasizes the role of productivity shocks in causing economic fluctuations, with limited scope for fiscal policy intervention. Classical macroeconomics assumes that markets automatically adjust to achieve full employment, so fiscal policy intervention is unnecessary.
In summary, Keynesian economics is the school of thought that most strongly supports the use of fiscal policy to combat recessions, as it emphasizes the need for government intervention to manage aggregate demand and stabilize the economy.. And, for the question above, the answer which correct is B. Keynesian.
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after years of negotiating short-term contracts with its suppliers, icon images has decided to agree to longer-term contracts. in doing this, icon images is hoping to:
After years of negotiating short-term contracts with its suppliers, Icon Images has decided to agree to longer-term contracts. In doing this, Icon Images is hoping to ensure a more stable and consistent supply of materials or services.
A long-term contract is one that has a term of over one year. It is a legally binding agreement that specifies the rights and obligations of the parties involved for an extended period.The benefits of long-term contracts are numerous. They provide stability and assurance to both parties that the business will continue. They reduce uncertainty and lower transaction costs. Long-term contracts are beneficial in industries such as oil, gas, or mining, where the products require a significant capital investment and a long production lead time.
They are also useful for businesses that rely heavily on their suppliers' products or services, such as icon images. When a firm like Icon Images agrees to a long-term contract, it ensures a more stable and consistent supply of materials or services. This is because the longer-term contract means that the suppliers will have guaranteed business for a longer period. As a result, they will be more willing to invest in their operations to ensure that they meet their contractual obligations.The answer to the question is that in doing this, Icon images is hoping to ensure a more stable and consistent supply of materials or services.
By negotiating longer-term contracts with its suppliers, Icon Images is hoping to achieve better pricing, improve supply chain stability, and foster stronger relationships with suppliers. This can result in cost savings, increased efficiency, and enhanced collaboration.
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most of the potential customers for a specific retailer live or work in that retailer's trade area. true false
Most of the potential customers for a specific retailer live or work in that retailer's trade area. The statement is True.
A trade area is the geographic region where most of the consumers of a particular business come from. A company's trade area is the region around its physical location where it hopes to attract clients.
It can be determined by the type of products and services offered, as well as the firm's intended target audience. Retailers' trade areas are those areas where most of their potential clients reside or work.
The trade area for a single company can be used by several retailers. For example, one trade area may be home to a grocery store, a car dealership, a clothing store, and a florist.
The trade area for each store will differ based on the product category they offer and the target audience they hope to attract.
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a fraud perpetrator is able to convince a potential victim that he will receive a large bonus if he supports him in a fraud scheme. which type of power is the fraud perpetrator using?
A fraudster can persuade a potential victim that joining his fraud plan will result in a sizable bonus. D. Kiting is the one utilizing fraud.
Prospective victims are those who have not yet been victims of trafficking but are at risk of becoming victims because of their susceptibility or other factors. Pretexting is the practice of fraudsters calling potential identity theft victims while pretending as company employees to validate data they have already gathered. typically for financial gain. Potential lenders are alerted by a fraud notice that you may be a victim of identity theft. It gives creditors particular instructions to follow in order to help protect you, which can make it more difficult for others to get bin your name. Receiving credit may be impossible if you receive a fraud warning.
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according to the theory of comparative advantage, a country will export a good only if group of answer choices it can produce it using less labor than other countries its productivity is higher in producing the good than the productivity of other countries in producing it. its wage rate in producing the good is lower than in other countries. its cost of producing the good, relative to other goods, is at least as low as in other countries. all of the above.
According to theory of comparative advantage, country will export a good only if its productivity will be higher in producing the good than the productivity of other countries in producing it. Option B is correct.
The theory of comparative advantage states that countries should specialize in producing goods and services in which they have a comparative advantage, meaning that they can produce more efficiently than other countries. This is determined by comparing the relative productivity of a country in producing a given good or service with the productivity of other countries.
While factors such as wage rates and production costs can influence a country's competitiveness, they are not the only factors that determine whether a country will export a particular good. For example, a country may have a comparative advantage in producing a good even if its wage rates are higher than in other countries, if its productivity is also correspondingly higher.
Hence, B. is the correct option.
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--The given question is incomplete, the complete question is
"According to the theory of comparative advantage, a country will export a good only if group of answer choices A) it can produce it using less labor than other countries B) its productivity is higher in producing the good than the productivity of other countries in producing it. C) its wage rate in producing the good is lower than in other countries. D) its cost of producing the good, relative to other goods, is at least as low as in other countries. E) all of the above."--
green owes unsecured creditors: rice, $9,000; vick, $5,500; young, $20,000; and zinc, $7,500. green has not paid any creditor since january 1, year 2. on march 15, year 2, green's sole asset, a cabin cruiser, was seized by xeno marine co., the holder of a perfected security interest in the boat. on july 1, year 2, rice, vick, and zinc filed an involuntarily petition to place green into bankruptcy under chapter 7 of the federal bankruptcy code. if green opposes the involuntary petition, the petition will be
The petition will be granted if Green has 12 or more unsecured creditors and at least 3 of them, whose claims are not contingent as to liability or subject to bona fide dispute as to liability or amount, hold claims totaling at least $16,750.
In this case, Green has four unsecured creditors, and their claims are not contingent as to liability or subject to bona fide dispute as to liability or amount. Therefore, if Rice, Vick, and Zinc's claims total at least $16,750, the involuntary petition to place Green into bankruptcy under chapter 7 of the federal bankruptcy code will be granted. Adding up their claims, their total is $22,000, which is more than the required amount of $16,750, so the involuntary petition will likely be granted.
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the npv of a project can be thought of as the present value of its multiple choice economic rents. profits. salvage value. revenues.
The NPV (Net Present Value) of a project can be thought of as the present value of its economic rents.
Economic rent refers to the excess return generated by a project over and above the minimum required return to compensate for the time value of money and the risks associated with the investment. Net Present Value (NPV) is a measure of the value of a project, calculated by subtracting the project's initial investment cost from the present value of its expected future cash flows.
Therefore, NPV can be thought of as the present value of a project's economic rents, or the excess value generated by the project over and above its cost of capital.
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executive financial services, inc. (efs), purchased three tractors from tri-county farm company (tri-county), a john deere dealership owned by gene mohr and james lloyd. the tractors cost $48,000, $19,000, and $38,000. efs did not take possession of the tractors but instead left the tractors on tri-county's lot. efs leased the tractors to mohr-loyd leasing (mohr-loyd), a partnership between mohr and loyd, with the understanding and representation by mohr-loyd that the tractors would be leased out to farmers. instead of leasing the tractors, tri-county sold them to three different farmers. efs sued and obtained judgment against tri-county, mohr-loyd, and mohr and loyd personally for breach of contract. because that judgment remained unsatisfied, efs sued the three farmers who bought the tractors to recover the tractors from them. did mohr and loyd act ethically in this case? who owns the tractors, efs or the farmers? executive financial services, inc. v. pagel, 238 kan. 809, 715 p.2d 381, 1986 kan. lexis 290 (supreme court of kansas)
According to the facts given, Mohr and Lloyd, the proprietors of Tri-County Farm Company, did not behave properly in this instance. They sold three separate farms the tractors that EFS had rented to them instead of leasing them to farmers as they had represented to EFS. Due to this violation of contract, EFS sued and won a judgement against Tri-County, Mohr-Lloyd, and Mohr and Lloyd individually.
Who controls the tractors will be determined by the conditions of the lease deal between EFS and Mohr-Lloyd. If the lease agreement explicitly specified that EFS maintained possession of the tractors and that Mohr-Lloyd had no power to transfer them, then EFS would be the legitimate owner. If, on the other hand, the lease arrangement was ambiguous or did not mention ownership, it could be claimed that Mohr-Lloyd had the power to sell the tractors and that the farmers who bought them had a legitimate claim to ownership.
The Supreme Court of Kansas did not explicitly discuss the question of tractor ownership in the case of Executive Financial Services, Inc. v. Pagel, as the case mainly concentrated on whether EFS could recover the tractors from the farmers who purchased them. The court eventually decided that EFS had the right to reclaim the tractors from the farms because they were not bona fide purchasers for value without knowledge of EFS's interest in the tractors.
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macroeconomics is the study of small economic units such as households and individual businesses. group of answer choices true false
Answer:
Macroeconomics is the study of the economy as a whole. The unit of study in macroeconomics is the entire economy rather than a part of it. Macroeconomics deals with the problems faced by the entire economy.
Thus, macroeconomics deals with the functioning of the economy as a whole.
For example, macroeconomics seeks to explain how the economy's total output of goods and services and total employment of resources are determined and what explains the fluctuations in the level of output and employment .
Therefore it can be concluded that macroeconomics explains why sometimes the economy is operating at near full employment level and why sometimes there is full utilization of the economy's productive capacity.
The given statement "Macroeconomics is the study of small economic units such as households and individual businesses is FALSE because this macroeconomics is the study of whole economics.
What is macroeconomics?Macroeconomics is the study of whole economies--the part of economics concerned with large-scale or general economic factors and how they interact in economies.
The Federal Reserve closely examines macroeconomics because its goals--maximum sustainable employment and stable inflation--are measured and achieved on an economy wide level, not on an individual level.
Macroeconomists study such questions as:
What makes the business cycle fluctuate; what makes economic growth go up and down; how are prices determined; what is the rate of inflation, and what determines it; what is productivity growth; and what are the determinants of productivity?
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you have been asked to perform a stock valuation prior to the annual shareholders' meeting next week. the two models you have selected to value the firm are the dividend discount model and the discounted cash flow model. explain why the estimates from the two valuation methods differ. address the assumptions implicit in the models themselves as well as those you made during the valuation process.
The estimates from the dividend discount model and the discounted cash flow model may differ because these two models make different assumptions and rely on different inputs.
The dividend discount model values a stock based on the present value of its future dividends, while the discounted cash flow model values a stock based on the present value of its future free cash flows.
One key difference between the two models is their treatment of earnings that are not paid out as dividends. The dividend discount model assumes that only dividends provide value to shareholders, while the discounted cash flow model takes into account the value of earnings that are retained and reinvested in the business. This can result in different valuations if a company has a high proportion of retained earnings.
In addition, the two models may rely on different assumptions about growth rates, discount rates, and other inputs. These assumptions can have a significant impact on the resulting valuations. During the valuation process, it is important to carefully consider these assumptions and to use reasonable and well-supported inputs to obtain accurate and reliable valuations.
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the equilibrium price of a good or service in a competitive market is group of answer choices a reflection of the opportunity cost of producing the product. lower than it should be because bankruptcies are common in competitive markets higher than the opportunity cost of producing the product. higher than it should be because profits are included in the price.
The equilibrium price of a good or service in a competitive market is a reflection of the opportunity cost of producing the product.
In a competitive market, the equilibrium price occurs where the quantity demanded equals the quantity supplied, reflecting the cost of resources used in production and the value placed on the product by consumers.
A competitive market is a market in which a large number of producers compete with one another to sell a homogenous commodity or product. The buyers also compete for purchasing that product because it is identical in nature to the other products. A competitive market is a market that operates according to the laws of supply and demand.
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briefly explain whether each of the following statements is true or false. a. if the demand and supply for a product both increase, the equilibrium quantity of the product must also increase b. if the demand and supply for a product both increase, the equilibrium price of the product must also increase c. if the demand for a product decreases and the supply of the product increases, the equilibrium price of the product may increase or decrease, depending on whether supply or demand has shifted more. 4.
a. False. If both the demand and supply for a product increase, the equilibrium quantity of the product may increase, decrease, or remain unchanged, depending on the magnitude of the shifts in demand and supply.
b. False. If both the demand and supply for a product increase, the equilibrium price of the product may increase, decrease, or remain unchanged, depending on the magnitude of the shifts in demand and supply.
c. True. If the demand for a product decreases and the supply of the product increases, the equilibrium price of the product may increase, decrease, or remain unchanged, depending on the relative magnitude of the shifts in demand and supply. The direction of the change in equilibrium price will depend on which shift is larger in magnitude. If the increase in supply is larger, the equilibrium price may decrease; if the decrease in demand is larger, the equilibrium price may also decrease.
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based on the information below, what amount of impairment loss would be reported? assetfair valueestimated future cash flowsbook value equipment$ 25,000$ 36,000$ 30,000 truck34,00045,00042,000 building135,000138,000140,000
The impairment loss to be reported is $8,000 for the truck.
To determine the amount of impairment loss, we need to compare the fair value, estimated future cash flows, and book value of each asset.
For the equipment, the fair value is $25,000, which is lower than its book value of $30,000. However, the estimated future cash flows of $36,000 are higher than the book value. Therefore, there is no impairment loss to report for the equipment.
For the truck, the fair value is $34,000, which is lower than its book value of $42,000. Additionally, the estimated future cash flows of $45,000 are higher than the book value, but not enough to cover the difference between the fair value and book value. Therefore, an impairment loss needs to be reported for the truck.
The impairment loss for the truck is calculated as:
Book Value - Fair Value = $42,000 - $34,000 = $8,000
For the building, the fair value and estimated future cash flows are both higher than the book value, so there is no impairment loss to report.
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