Claire opened Claire's Beauty Parlor in her home and solicited funds from Jack, believing the business was incorporated.
Unfortunately, she had never filed the necessary papers to make this official. One day, a customer suffered severe burns due to Claire falling asleep while giving them a permanent. The customer then sued the beauty parlor for $500,000, an amount enormously in excess of the business assets. Under the revised act, the result is that Jack would not be liable for the claim. This is because, as the business was not incorporated, the funds that Jack provided to Claire did not transfer to the beauty parlor itself and therefore would not be liable for the damages.
Claire, however, may be liable for the damages caused by her negligence, as it occurred on her business premises and the customer is claiming for damages due to this negligence. This will depend on the state laws regarding liability for the business owner and the type of business that Claire was operating.
If Claire does not have sufficient funds to pay the claim, then the customer may have to pursue legal action against Jack. If the customer can prove that Jack was aware that the business was not incorporated, then he may be liable for the claim.
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Whitney deposits for two years. She compares two different banks. State Bank will pay her 4.1% interest, compounded monthly. Kings Savings will pay her 4.01% interest, compounded
continuously.
Answer:
State Bank,$16.21
Explanation:
Result part (a): $767.74
Result part (b): $751.53
we note that the results of part (a) is higher and thus State Bank earns more interest.
we are also interested in the difference of the interest:
$767.74 - $751.53 = $16.21
Thus State Bank will result in $16.21 more interest.
Career Cluster
If your dream is to be an elementary school teacher, the
might be best for you.
A. Education and Training
B. Human Services
C. Health Sciences
D. Training and Instruction
Answer: A
Explanation
"Tourism sector has become a good source of earning foreign currency in Nepal"Justify this statement with examples
Explanation:
Tourism has become one of the main income sources for many developing countries like Nepal. Nepal has great potential to become a top destination for tourists as the nation is famous for its snowcapped mountains, abundant flora and fauna, exciting trekking routes and rich cultural and religious diversity.
Tourism seems to be a developing growing company throughout Nepal, including some of the largest foreign currencies average earnings as well as jobs industries.
The purpose of the article would be to examine foreign currency exchange revenues from Nepal via the tourist industry by analyzing the appearance of international travelers as well as the length of their stay throughout Nepal.The above research suggests that perhaps the population aging of visitors and indeed the influx of new tourists would result in an improvement throughout forex revenue, which increases in terms of passenger facilities.
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John F. Kennedy belleved that a leader should be
A. in the military
B. elected
C.a lifelong student
Answer:
c
Explanation:
What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?
Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.
What is elasticity?In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.
Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.
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helppppppppppppppppppppppppppppppppp
Answer:
A
Explanation:
B is a recounting of the order in which one emperor succeeded another and his trials in becoming the leader of Rome. There is no argument in this at all.
C: This statement is made by someone not liking the assignment. A true historian would never voice this complaint.
D: This is a question seeking a fact. Not the answer.
The correct answer is A. It states what, in the writer's opinion, was the fall of the Roman Empire.
assume trp (a) collected $450 million in 2021 for magazines that will be distributed later in 2021 and 2022, (b) provided $219 million of services on these subscriptions in 2021, and (c) provided $231 million of services on these subscriptions in 2022.
Companies may occasionally demand payment in full for goods or services that have not yet been delivered or performed. Since revenue is recorded as earned under GAAP, it would be misleading to record it in these circumstances. As a result, a liability account is set up instead. Once the goods or services are provided, this account, which is frequently referred to as unearned revenue, is emptied.
What is an example of a revenue that was not earned?Airline tickets, pre-paid insurance, early rent payments, and annual software or media subscriptions are all typical examples of unearned income.
Is unearned income a benefit?In outline, unmerited income is a resource that is gotten by the business yet that has a contra obligation of administration to be finished or products to be conveyed to have it completely procured. This work includes time and costs that will be spent by the business.
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Full Question = The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for subscriptions follows:
Revenues
Revenues from our magazine subscription services are deferred initially and later recognized as revenue as subscription services are provided.
Assume TTT
a) collected $420 million in 2018 for magazines that will be distributed later in 2018 and 2019,
b) provided $204 million of services on these subscriptions in 2018, and
c) provided $216 million of services on these subscriptions in 2019.
Required:
1) Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a), (b), and (c).
2) Using the information given, prepare the journal entries that would be recorded for a) , b) and c).
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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The trade deficit is associated with capital imports into the united states that help raise domestic investment. True or false?.
This is TRUE. It is accurate to say that the U.S. trade deficit is linked to capital imports that encourage domestic investment.
A trade imbalance exists when a country imports more than it exports. In reality, imports of consumer goods are what lead to trade imbalances.
Essentially, a declining currency value raises domestic investment and the price of imports into a trade deficit situation. As a consequence, customers buy more items made locally and consume fewer imported ones.
The price of exports is lowered as a result of devaluing the value of its currency, which also boosts its productivity and competitiveness in international markets. Trade imbalances' or trade deficits' effects on business, border safety, and the economy will fluctuate over time.
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List and explain three reasons why written communication is
important in business communication? 200 words please
Written communication is crucial in business communication for several reasons: Clarity and Accuracy: Written communication allows for clear and accurate transmission of information.
When ideas, instructions, or reports are put in writing, there is less chance of misinterpretation or misunderstanding. It provides a documented record that can be referred to later, ensuring that all parties have access to the same information. Written communication also allows for careful editing and proofreading, enhancing the accuracy and professionalism of the message.
Permanence and Legal Protection: Written communication provides a permanent record of agreements, contracts, and business transactions. It serves as evidence in case of disputes or legal issues, providing a written trail that can be referred to for clarification or resolution. Written documents, such as contracts or memos, can also protect the interests of both parties by outlining specific terms, conditions, and obligations.
Formality and Professionalism: Written communication adds a level of formality and professionalism to business interactions. It allows for the use of formal language, proper grammar, and structure, which can enhance credibility and create a positive impression. Written documents, such as business letters or emails, are often used for important and formal communication, such as proposals, reports, or official announcements. They convey a sense of professionalism and reflect the company's image and brand.
In summary, written communication is important in business communication due to its ability to provide clarity, accuracy, permanence, legal protection, formality, and professionalism. It ensures effective communication, facilitates documentation, and contributes to building trust and credibility in business relationships.
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why can herbal industry florish in nepal? give reason
The herbal industry in Nepal can flourish because of the widespread availability of medicinal herbs, plants, and shrubs endemic to the country's terrain.
Other reasons-Additionally, the traditional system of medicine that has been practiced in Nepal for centuries provides an established market for medicinal plants. Furthermore, Nepal is located in a region known for its abundance of biodiversity, providing many natural resources which can be used for the expansion of this industry.
Herbs, usually found at altitudes above 3,000 meters, are thought to be rich in natural chemicals. “Because there is no mechanism to label and provide specifications, the country loses huge revenue potential every year,” Bhandari said, adding that the turmeric found in Nepal could be used as a food product if attention is paid to packaging and marketing, added that it can also secure a good market in Europe.
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ADVANCED ANALYSIS Currently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic ( ES=1.0 ). in the long run, a price increase from $1 to $2 has an elastleity of supply of 1.50. (Hint: Apply the midpoints approach to the elasticity of supply) Instructions: Enter your answers as a whole number. a. How many popsicles will be sold each day in the short run if the price rises to $2 each? popsicles b. How many popsicles will be sold per day in the long run if the price rises to $2 each? popsicles
a. In the short run, if the price rises to $2 each, approximately 50 popsicles will be sold each day.
b. In the long run, if the price rises to $2 each, approximately 75 popsicles will be sold per day.
The elasticity of supply measures the responsiveness of quantity supplied to changes in price. In this case, we are given that the price of popsicles in the town of Rostin increases from $1 to $2.
To determine the quantity of popsicles sold in the short run and long run, we need to apply the midpoint approach to calculate the elasticity of supply.
a. In the short run, the elasticity of supply is given as unit-elastic (ES = 1.0) when the price increases from $1 to $2. Using the midpoint formula, we can calculate the percentage change in quantity supplied:
Elasticity of supply (ES) = (% change in quantity supplied) / (% change in price)
Since the elasticity is 1.0, it means that the percentage change in quantity supplied is equal to the percentage change in price. Therefore, if the price increases by 100% (from $1 to $2), the quantity supplied will decrease by 100% as well. This implies that approximately 50 popsicles will be sold each day in the short run.
b. In the long run, the elasticity of supply is given as 1.50 when the price increases from $1 to $2. Again, using the midpoint formula, we calculate the percentage change in quantity supplied:
1.50 = (% change in quantity supplied) / (% change in price)
With a price increase of 100%, we can solve for the percentage change in quantity supplied, which is 150%. This means that in the long run, the quantity supplied will decrease by 150% when the price increases from $1 to $2. Therefore, approximately 75 popsicles will be sold per day in the long run.
It's important to note that these estimates are based on the given elasticity of supply values and assume other factors remain constant. Actual market conditions may vary, and additional factors such as production capacity or input availability can influence the actual quantity supplied.
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What are the four categories of taxes individuals deal with throughout their lives?
Answer:
Learn about 12 specific taxes, four within each main category—earn: individual income taxes, corporate income taxes, payroll taxes, and capital gains taxes; buy: sales taxes, gross receipts taxes, value-added taxes, and excise taxes; and own: property taxes, tangible personal property taxes, estate and inheritance .
Worth 100 Brainly points!!!
Question 9 of 10
Which of the following standards is required by the Fair Labor Standards Act?
A. Paying a minimum wage
B. Notifying employees of a plant closing
C. Verifying employment eligibility
D. Avoiding discrimination
Please help! thank u
Explanation:
The Fair Labor Standards Act's (FLSA) basic requirements are: Payment of the minimum wage
option A is correct mark me brainiest please
Answer:
payment of mimimum wage
Explanation:
what term was used in our class discussion to describe how entrepreneurship will change, as business and society continue to be transformed by the internet and digital technologies?
"Digital entrepreneurship" or "e-entrepreneurship" is the term used in your class discussion to express how entrepreneurship will change as business and society continue to be altered by the internet and digital technology.
E-entrepreneurship, or digital entrepreneurship, is the process of developing, running, and expanding a new company endeavor utilizing digital technology. Entrepreneurship has undergone a fundamental transformation as a result of the development of the internet and digital technologies. Now, entrepreneurs can use digital tools and platforms to connect with customers, work with partners, and access resources more quickly and affordably than ever before. Software-as-a-service (SaaS) products, sharing economy platforms, and online marketplaces are just a few of the innovative business concepts that fall under the umbrella of digital entrepreneurship. Entrepreneurs that can innovate and adapt to shifting technology and client requirements will be well-positioned to thrive in the quickly moving world of e-commerce and digital company as the digital environment continues to change.
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PLEASE addresses the answer to the question: how how far should the plan go to meet the
objectives?
• matching objectives and target-market priorities
•matching activities with target markets
•continuity of long planning
• common term of reference
•helps measure market success
Answer:
the answer is NOT common terms of reference
Explanation:
got it wrong on edg quiz :(
ANSWER: matching objectives and target-market priorities
What is money that a borrower owes a lender?
credit
O debt
O income
O loan
Answer: loan.
Explanation:
Why very few subsistence economies exist today
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
an economics graduate student in the united states earns an $18,000 stipend per year. the u.s. sees significant inflation. how might the student react?
According to the situation given in the question, the student might ask for a raise in the stipend.
How do you define a stipend?An stipend is a type of payment made to specific people to assist in covering their living expenses while pursuing a job. It is possible to receive stipends in place of or in additional to pay. Stipends are frequently given to clergy, fellows, apprentices, and interns.
Are stipends considered income?Stipends are not subject to Medicare and Social Security taxes since they are considered awards rather than pay for services. However, stipends are still regarded as taxable income. It's vital to remember that stipend recipients are not self-employed, so they are not responsible for self-employment taxes.
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Researching the company, preparation, and ending strong are all good self-awareness strategies for what?.
Researching the company, preparation, and ending strong are all good self-awareness strategies for performing well in interview.
What makes a good interview performance?It's crucial to ask enlightening questions while being animated and enthusiastic. On the other hand, be careful not to overstep your bounds as a deserving applicant seeking a career shift. It goes without saying that you should only use formal language in the actual interview.
Employers cite eye contact and demonstrating excitement (for the position, business, or sector) as the two most crucial elements of a successful interview. Speaking clearly (and loudly enough) is essential because interviews are conversations between the potential employee and the company.
Hence, Being self-motivated can demonstrate your commitment to producing excellent work. Self-motivated people tend to be involved in their work and work toward clearly defined goals.
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the securities act of 1933 requires that all of the following be offered by a prospectus except a) unit investment trusts. b) variable annuities. c) treasury bonds. d) mutual fund shares.
The Securities Act of 1933 requires that all of the following be offered by a prospectus, except for treasury bonds.
The act mandates that unit investment trusts, variable annuities, and mutual fund shares must all have a prospectus. After the 1929 stock market disaster, the Securities Act of 1933 was developed and enacted into law as a means of protecting investors.
The Act had two major objectives: to create regulations against deception and fraudulent activity in the securities markets; and to promote more transparency in financial statements so investors could make educated investment decisions.
The first significant piece of law governing the sale of securities was the Securities Act of 1933. Prior to this act, state laws generally controlled the selling of securities. By mandating businesses to register with the Securities and Exchange Commission (SEC), the Act addressed the demand for more disclosure. A prospectus and registration guarantee that businesses give the SEC and prospective investors all pertinent information.
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When customers look beyond their personal knowledge and experience to help them in buying something, they are engaging in: o ritual consumption o external information search. o cognitive dissonance o business-to-business marketing o self-actalization
External information search refers to the process of seeking out information from sources outside of oneself to make informed purchasing decisions.
When customers look beyond their personal knowledge and experience to help them in buying something, they are engaging in external information search. This refers to the process of seeking out information from sources outside of oneself to gather relevant knowledge and make informed purchasing decisions.
For example, a customer might read product reviews, compare prices, or ask friends for recommendations before making a purchase.
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According to the video, what are some tasks performed by Tellers? Check all that apply.
O reviewing insurance applications
O cashing checks
O analyzing investment opportunities
O judging risk based on statistics
O accepting payments for a customer's bills
O dealing with foreign currencies
Answer:
Cashing checks, receiving checks/ paying out money, entering transactions on computers
Explanation:
According to O*NET, what are some common tasks performed by Tellers? Check all that apply.
Answer:
2, 5, 6
Explanation:
Hope this helps!
What is one reason why it might be worth the trouble it takes to
learn how to decompose the effects of a price change into an income
effect and a substitution effect?
One reason why it might be worth the trouble it takes to learn how to decompose the effects of a price change into an income effect and a substitution effect is that it helps to better understand the behavior of consumers in response to a change in price.
This knowledge can be beneficial for companies and policy makers, as it can guide them in their decisions regarding pricing strategies and the allocation of resources. When the price of a product changes, consumers usually react in two different ways: they either change the quantity demanded or switch to a substitute product. The substitution effect refers to the change in quantity demanded that results from a change in the relative price of a good, holding the level of satisfaction or utility constant. If the price reduction only results in a substitution effect and the income effect is negative then the quantity demanded may actually decrease.
In conclusion, it is worth learning how to decompose the effects of a price change into an income effect and a substitution effect because it provides a deeper understanding of consumer behavior and enables companies and policy makers to make more informed decisions regarding pricing strategies and the allocation of resources.
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Why do you think economists have different belief systems/theories on economics?
Answer:The principal disagreement among economists is a matter of economic philosophy. There are two major schools of economic thought: Keynesian economics and free-market, or laissez-faire, economics.
Keynesian economists, named after John Maynard Keynes, who first formulated these ideas into an all-encompassing economic theory in the 1930s, believe that a well-functioning and flourishing economy may be created with a combination of the private sector and government help.
By government help, Keynes meant an active monetary and fiscal policy, which works to control the money supply and adjust Federal Reserve interest rates in accordance with changing economic conditions.
By contrast, the free-market economists advocate a government "hands-off" policy, rejecting the theory that government intervention in the economy is beneficial. Free-market economists—and there are many distinguished advocates of this theory, including Nobel Memorial Prize winner Milton Friedman—prefer to let the marketplace sort out any economic problems. That would mean no government bailouts, no government subsidies of business, no government spending explicitly designed to stimulate the economy, and no other efforts by the government to help what the economists believe is the ability of a free economy to regulate itself.
Explanation:
Twelve years ago, an investor bought a certain number of shares of stock for which he paid p 100 per share. at the end of each year, for the next 6 years, he received dividends of p 20 per share. thereafter he received p 10 per share at the end of each year for the next 6 years. if he sells this stock now at p 90 per share, what rate of return will he receive?
The investor will sit at a rate of return of around 170% overall in the given condition.
Who is an investor?A person who engages money into one or more classes of investment with an intention to earn monetary returns is known as an investor. In the given condition, the returns of the investor will be calculated as:
\(\rm Returns= Dividend\ for\ 12\ Years- Capital\ Loss\\\\\rm Returns= (120+60)-(10)\\\\\rm Returns= 170\)
Thus, the value of total portfolio of the investor will be p 270 and the rate of return will be calculated as 170%.
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you have developed the following data on three stocks: ticker standard deviation beta a 0.25 0.79 b 0.17 0.98 c 0.2 1.31 if you are a risk minimizer, you should choose stock if it is to be held in isolation and stock if it is to be held as part of a well-diversified portfolio. group of answer choices b ; a c ; a a ; b b ; b
If you are a strict risk minimizer, you would choose Stock B if it is to be held in isolation and Stock A if it is to be held as part of a well-diversified portfolio.
Stock B will be chosen by a risk-minimizer since it has the lowest standard deviation. This gauges the risks that this investment is exposed to. Stock A is what this risk minimizer will choose for a well-diversified portfolio. The lowest risk would be added, which is the reason. Standard deviation will not be taken into account by an investor with a well-diversified portfolio because it is irrelevant for things like unsystematic diversifiable risk.
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Molly and Karly started a new job the same day. After they start work, Molly is to visit the home office every 15 days and Karly is to visit the home office every 18 days. How many days will it be before they both visit the home office on the same day?
POLYA'S PROCESS.
Polya's process refers to a methodology that helps in solving problems that have been widely accepted worldwide. The following steps can be used for solving mathematical problems such as word problems.
The steps include; Step 1: Understanding the problem Step 2: Devise a plan Step 3: Implement the plan Step 4: Evaluate the solution to the given problem using Polya's Process.
Understanding the problem states that Molly is to visit the home office every 15 days and Karly is to visit the home office every 18 days.
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Explain why socialist societies do not use a circular flow chart.