the obligation of the business to its owner is true
After successfully rehabbing the Peace Cross and beautifying the area around it, Brady and Roger received an influx of business inquiries. New customer calls came in for them to build, renovate and make beautiful spaces. With each new customer, contracts were required. One day a new client came in to inquire about the building of a state of the art castle. It was an unusual request, but Roger felt they could meet the customer's goals. Their business is based in Pocomoke City, Maryland, which is about 20 minutes from the client's prospective home.
The customer's name is Elsa Winters. She lives in Loveville, Maryland. But, she wants Brady and Roger of Old Time Restorations to build her a castle in Arendelle, Maryland. She wants the castle to resemble ice. Obviously, ice would melt in Maryland summers, but she has a vision of floor to ceiling windows that shimmer in the sun. She wants the castle built in the mountains, overlooking the Chesapeake Bay. Assume that all permits, engineering studies, and licenses have been approved. The plans for the castle are complete. She wants the house to be a deep blue on the outside, filled with ship lap, lots of windows, and solar lights. She wants white and blue to be the interior colors. She wants radiant heat floor heating, water sourced from the bay, an indoor pool, and an indoor herb garden. She also wants a room that is sound proof with marble flooring so she can work on her ice making skills without bothering other people in the castle. Of particular importance, she wants a large white cross in the center of her ballroom. She says it needs to look like the Peace Cross because she had family members who served in that war. It is important that her parents' names are engraved on the cross. Roger and Brady are confident that they can make this cross happen because of their recent renovation and repair of the cross.
The jurisdiction is Maryland. The project must be completed in 9 months. The complete price for the project is $2.5 million. The contract date is December 13, 2019 and completion must be made by September 13, 2020. For each day that the project is not completed, $1,000.00 is reduced from the contract. It doesn't matter if weather, delivery or technology prevents completion. However, an act of God would not cause this clause to kick in. Time is of the essence because Elsa's sister, Anna, is marrying her beloved Sven and the new castle will be the venue. Any customizations or changes to Elsa's wishes must be put in writing. If there is any dispute, the parties have agreed to use binding arbitration.
This Agreement is made between ____________________ ("Client") with a principal place of business at __________________ and _______________ ("Contractor"), with a principal place of business at ____________________________.
This Agreement is made between _Elsa Winter_ ("Client") with a principal place of business at _Loveville, Maryland__ and _Old Time Restorations_ ("Contractor"), with a principal place of business at __Pocomoke City, Maryland__.
The above is an example of a legally enforceable and valid contract.
What is a contract?A contract is a legally enforceable agreement, usually between two or more parties, that creates, defines, and governs the mutual rights and obligations among the contracting parties.
A valid enforceable contract must meet these conditions:
OfferAcceptanceMeeting of the MindsConsiderationCapacityLegality.Thus, the agreement is between Elsa Winter as the client and Old Time Restorations with both principal office and residence in Maryland.
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An economy produces 10 cookies in year 1 at a price of $2 per cookie and 12 cookies in year 2 at a price of $3 per cookie. From year 1 to year 2, real GDP increases by
From year 1 to year 2, the real GDP of the economy increases by 20%.
What is real GDP?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation. It reflects the value of goods and services produced in an economy.
What is the increase in real GDP?GDP in year 1 = 10 x $2 = 20
Real GDP in year 2 using year 1 prices as base price = 12 x $2 = $24
Increase in real GDP = (24 / 20) - 1 = 20%
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Which identifies prescription drugs and some over-the-counter products by assigning them a unique 11-digit, three-segment number to identify vendor, product, and package size?
a. CDT
b. CDAC
c. NPDB
d. NDC
Answer:
NDC
Explanation:
NDC stands for national drug codeIt is usually operated under FDA's identifierOption D is correct
Answer:
d
Explanation:
CDT stands for Code on Dental Procedures and Nomenclature. It begins with letter D, followed by a 4-digit number.
CDAC stands for Consumer Directed Attendant Care and its service code consists of one letter and one-digit number.
NPDB stands for National Practitioner Data Bank and contains reports of medical malpractices. Its codes do not have a particular format.
That leave d. NDC as the answer.
NDC stands for National Drug Code and it is a unique 11-digit, 3-segment number.
If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are performed will be:
If a business should record a liability for cash received in advance for services performed, the adjusting entry would be to debit unearned revenue and credit service revenue.
Why is this the adjusting entry?The liability created is called the Unearned revenue account and because it is being reduced, it will be debited as all liability accounts are when they are reduced.
Service revenue will then be credited because revenue is credited when it increases. The cash becomes revenue because it has now been recognized for the services performed.
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Joe, an employee at a local Costco, makes $14.75 per hour. Last week he worked the following hours: 10, 8, 9 ,9 ,7 , and 3. What is Joe's gross pay for the week
Answer:
14,75 × (10+8+ 9+9 +7 + 3)
14,75 × 46 =
rather than spending $100 on paint today, you decide to save the money until next year, at which point you will use it to paint your room. If the can of paint costs $10 today, how many cans will you be able to buy next year if the nominal interest rate is 21 percent and the expected inflation rate is 10 percent
The number of cans of paint you can buy next year is 11 cans.
Future value and Inflation RateTo determine the number of cans you can buy next year, the nominal interest rate is used to determine the future value of the $100 saved. Similarly, the expected inflation rate is used to determine the cost of a can of paint next year.
Data and Calculations:Amount to be spent on paint today = $100
Cost of a can of paint today = $10
Nominal interest rate = 21%
Expected inflation rate = 10%
Period of savings = 1 year
Future value of $100 in a year's time = $121 ($100 x 1.21)
Expected cost of a can of paint in a year's time = $11 ($10 x 1.1)
Number of cans to buy next year = 11 cans ($121/$11).
Thus, the number of cans of paint you can buy next year is 11 cans instead of 10 cans today.
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Powers Company reported net sales of $1,360,000, average Accounts Receivable, net of $62,500, and net income of $57,825. The accounts receivable turnover ratio is:
Answer: 21.8
Explanation:
The formula for this is: net credit sales / average accounts receivable.
When looking at the question you can see that
Net Sales = 1,360,000
Average accounts receivables = 62,600
Therefore you need to do 1,360,000/62500 which is equal to 21.76
After rounding, it will be 21.8
Respond to the following in a minimum of 175 words: Most schools and businesses require some standard style of documentation for written reports. Discuss why that might be. What disadvantages, if any, might there be to insisting that all reports conform to a certain style?
I believe that most schools and businesses require the knowledge of standard styles of documentations, because it plays as an extremely important role in communication. In grade school we all learn the basics of writing in English courses. There’s a difference in styles and expectations when it comes to college level writing. The type of writing I’ve been required to complete APA style most college courses go by this template. With following proper guidelines with APA there’s certain grammatical punctuation needed, citations, references, which type of paper is being written ( ex:argumentative) . There’s usually a minimum word count to be met. Being able to write and produce good documents also show the intelligence of how well the information given to you is reciprocated. How well you can share information off to others. Some disadvantages would be the time it takes to make sure the guideline are being met. Creating rough drafts, doing research, and etc. Some people may only be familiar with certain types of writing styles and not open to creating things a different way. Being that’s what they’re used to.
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The reason most schools and businesses require some form of standard formate is to be precise and clear for the reader. When filing government documents, they are formatted in certain ways for filing and researching all the important information. When using these formats, the writer needs to be aware of everything on the page. This includes font style, font size, margins, letter head and references. The reference page was designed to make it as easy as possible for the person reviewing the paper to find all the sources without issues and for fact checking. With these different formats it provides the students practice for entering into the career world. It also builds professionalism and credibility when they are able to properly site the references used.
The disadvantage of using these different formats is that they follow very strict guild lines. If you were to turn in a paper for college missing one or several thing; you can be docked points off your grade. There are also many things that can be missed and are very specific that if the right person was looking at it could find them in a matter of minutes. It's also discouraging for inexperienced student who haven't used it before to use because they feel like they're going to make a mistake throughout the entire paper. I definitely feel this way when writing any important documents for school or work.
The reason most schools and businesses require the same style for written reports is for, precision, accuracy, and making the reports clear for the person reading.
What is a writing style?This is the style that has been adopted by a given organization or faculty in how to present their scholarly works and other forms of literature.
The different types are
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What is a decision tree: using a schematic model of the sequence of steps in a problem and the conditions and consequences of each step
A decision tree is a model of the sequence of the ways to solve a problem and how to arrive at the solution.
What is a decision tree?This is a pictorial diagram that shows the sequence of steps that was used to arrive at the solution of a problem.
The tree has branches which shows the different choices that are available in order to arrive at the solution of a problem.
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A consolidation of Medicare Parts A and B benefits so that all claims would be processed by one organization is known as:
a. Medicare administrative contractors
b. management service organizations
c. health care fraud prevention and enforcement action team
d. Medicare shared savings program
Answer:
[A] Medicare administrative contractors
Explanation:
A consolidation of Medicare Parts A and B benefits so that all claims would be processed by one organization is known as:Medicare administrative contractors.
The consolidation of Medicare Parts A and B benefits, where one organization processes all claims, is referred to as "Medicare administrative contractors" which helps in improving the administration and efficiency of Medicare services.
A consolidation of Medicare Parts A and B benefits where all claims are processed by one organization is known as "Medicare administrative contractors."
These contractors are responsible for the administration and processing of claims for Medicare services, streamlining the process and improving efficiency in handling Medicare benefits.
Hence, the correct answer is a. Medicare administrative contractors.
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Individuals differ in their willingness to pay for air travel, and airlines would like to charge different prices to different individuals based on their willingness to pay. Airlines typically attempt to divide passengers into two types: leisure travelers and business travelers. Suppose that an airline is charging $400 per ticket for all passengers on flights between New York and Washington D.C. The accompanying tables provide information on quantity demanded for air travel for leisure travelers and business travelers.
Price
(per ticket) Quantity‑leisure travelers
(tickets per flight)
$400 100
$500 50
Price
(per ticket) Quantity‑business travelers
(tickets per flight)
$400 100
$500 90
a. What is the absolute value of price elasticity for leisure travelers if the airline increases the price to $500? Round your answer to the nearest whole number.
b.What is the change in total revenue for leisure travelers when the price increases to $500?
c. What is the absolute value of price elasticity for business travelers if the airline increases the price to $500? Round your answer to the hundredths place.
d. What is the change in total revenue for business travelers when the price increases to $500?
e. To maximize total revenue, the airline should charge
$400 to leisure travelers and $500 to business travelers.
$500 to both groups.
$400 to both groups.
$500 to leisure travelers and $400 to business travelers.
The price elasticity for leisure travelers, change in total revenue for leisure travelers, price elasticity for business travelers, change in total revenue for business travelers, and the price to be charged for the maximization of the total revenue are, 2, $5000, 0.4, $9000, and $400 to the leisure travelers and $500 to the business travelers respectively.
a. To find the price elasticity for leisure travelers the formula is,
percentage change in the the quantity demanded/percentage change in the price, according to this formula [tex]0.5/0.25=2[/tex].
b. To calculate change in the total revenue, the formula is (new price[tex]-[/tex]old price)* quantity demanded, According to this formula ([tex]$500-400[/tex])[tex]*50=5000[/tex].
c. To find the price elasticity for business travelers same formula will be used, the price elasticity is [tex]0.1/0.25=0.4[/tex]
d. The change in total revenue when price for business traveler reaches to $500, (new price[tex]-[/tex]initial price)[tex]*[/tex]quantity demanded at new price, [tex](500-400)*90=9000[/tex]
e. To maximize the revenue from leisure travelers the airline should charge a lesser price that is $400, where as to maximize the profit from the business travelers the airline should charge a higher price that is $500.
Hence, The price elasticity for leisure travelers, change in total revenue for leisure travelers, price elasticity for business travelers, change in total revenue for business travelers, and the price to be charged for the maximization of the total revenue are, 2, $5000, 0.4, $9000, and $400 to the leisure travelers and $500 to the business travelers respectively.
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A firm is considering leasing. The firm can borrow at 9 percent, and the marginal corporate tax rate is 21 percent. What is the discount rate for valuing the lease
Based on the rate at which the firm can borrow and the marginal corporate tax rate, the discount rate for the lease would be 7.11%.
What would be the discount rate?The discount rate is the after tax borrowing rate.
It can be found as:
= Borrowing rate x ( 1 - tax rate)
Solving gives:
= 9% x ( 1 - 21%)
= 7.11%
In conclusion, the discount rate is 7.11%.
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Which is assigned to employers who, as sponsors of health insurance for their employees, must be identified in health care transactions?
a. NPI
b. MIP
c. EIN
d. HPID
Answer:
D po ang tamang sagot salamat poCodes of ethics:
Group of answer choices
deal only with the employees’ relationships with customers and with no other group
contain common ethical dilemmas and provide the appropriate resolutions to employees
are typically informal information about how to recognize and deal with ethical problems
deal only with external ethical issues and not with internal issues
may be influential in determining a person’s decision-making behavior
It should be noted that codes of ethics are typically informal information about how to recognize and deal with ethical problems.
What are ethics?Ethics can be regarded as the rules that is required to be followed by the employee as well as the members of the organization in their profession.
Therefore, codes of ethics are typically informal information about how to recognize and deal with ethical problems.
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Answer: may be influential in determining a person’s decision-making behavior
Explanation: Thats's the correct answer on the test or quiz. The answer above by the "expert" is wrong.
A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to minimize interdepartmental transportation costs, which are expected to be $0.50 per load meter moved. An analyst has prepared the following flow and distance matrices: Distances (meters) From/To I II III I - 10 20 II - 10 III - Flows (loads per week) From/To X Y Z X - 0 80 Y 30 - 150 Z 100 130 - If the company were to locate departments X, Y, and Z in areas I, II, and III, respectively, what would be the total distance (in meters) loads would be moved each week?
Based on the distance between locations, the total distance moved in the week will be 6,700 meters.
Distance between the departmentsAssuming that Departments X, Y and Z are in areas I, II and III respectively. The following will be true:
Department X is located 10 meters from Y but 20 meters from Z. Department Y is located 10 meters from Z. Total distance traveledThis can be found by multiplying the loads carried across departments by the distance between the locations of these departments.
= ( (Loads from X to Y x distance of X and Y) + (Loads from X to Z x Distance of X and Z)) + ( (Loads from Y to X x distance of X and Y) + (Loads from Y to Z x Distance of Y and Z)) + ( (Loads from Z to Y x distance of Z and X) + (Loads from Z to Y x Distance of Y and Z))
= ( (0 x 10) + 80 x 20)) + ( (30 x 10) + (150 x 10) ) + ( (100 x 20) + 130 x 10) )
= 1,600 + 1,800 + 3,300
= 6,700 meters
In conclusion, the total distance would be 6,700 meters.
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Angelina and Sophia attended a professional development retreat at Ferncliff Camp. They met at a downtown location and traveled to the camp by bus. After three days of team-building exercises, Angelina and Sophia returned on the bus to their respective cars. When Angelina arrived at home, she discovered the camp employee who unloaded the bus had given her Sophia’s luggage by mistake. She called the camp to explain what happened and hopefully get her luggage back. Angelina can be charged with the crime of: ___________
a. theft, because she took Sophia’s suitcase without permission.
b. nothing, because she did not have the mental state required to commit a crime.
c. theft by receiving, because the suitcase was handed to her by a camp employee.
d. conversion.
Angelina can be charged with the crime of nothing, because she did not have the mental state required to commit a crime.
Is the mental state that a person intended to commit a crime?In a lot of cases, an act is a crime when the person committing it is said to have intended to do something that is wrong as stated by the state legislature or Congress.
It is said to be criminal intent but the case with Angelina is different because she did not have the mental state to do so as it was a mistake.
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The discount on a note payable gradually becomes
Answer:
INTREST EXPENSE
Explanation:
U.S. oil and gas producers have asked for tariffs to be placed on imported oil in an effort to boost the domestic oil industry, which is facing stiff competition from foreign oil producers. This is an example of
The efforts of U.S. oil and gas producers to request the imposition of tariffs on imported oil in order to boost the domestic oil industry is an example of b. protectionism.
What is trade protectionism?Trade protectionism is an economic policy that restricts imports from other oil producing countries by imposing tariffs on imported oil. Other methods of practicing trade protectionism are import quotas and other government regulations.
Answer Options:a. free trade
b. protectionism
c. comparative advantage
d. global marketing
Thus, the efforts of the U.S. oil and gas producers is not an example of free trade, comparative advantage, or global marketing but protectionism.
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Synopsis of money banking and financial markets fourth edition.
After World War I and the Great Depression, consumers purchased far less. To address overproduction, companies relied on advertising and personal selling. This was the
To address overproduction, companies relied on advertising and personal selling. This was the
b. sales-oriented era.What was the Great Depression?This was a period in American history just after the World War when there was great economic recession and life was hard for people.
With this in mind, we can see that the sales oriented era had to do with the business style which coincided with the Great Depression as the people made use of advertising and personal selling as a way to increase sales.
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What is sub-optimization and what organizational characteristics tend to lead to larger sub-optimization problems?
An organizational characteristics that tend to lead to larger sub-optimization problems is continuous focus on optimizing a unit of a business rather than the results of the entire business
What is Sub-optimization?In a firm. the term "Sub-optimization" occurs when there is reduced level of output as a result of an an inefficient or ineffective process or system.
The problem associated with Sub-optimization is that when there is an optimization of outcome for a subsystem, it may not generally optimize the outcome for the system as a whole.
In conclusion, the organizational characteristics that tend to lead to larger sub-optimization problems is continuous focus on optimizing a unit of a business rather than the results of the entire business
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Prompt
What is a budget?
Answer:
A budget is a certain amount of money that you can spend
Explanation:
what is the meaning of Accounting?
Accounting is the process of recording financial transactions pertaining to a business.
Answer:
The meaning of accounting is the action of dealing with money like a bank for a example.
What is the typical relationship between a person's network size and the number of job leads they have?
a. The smaller the network, the more job leads available
b. The larger the network, the more job leads available
C. The larger the network, the fewer job leads available
d. None of the above
Please select the best answer from the choices provided
A
B
Оооо
С
D
Answer:
b since it creates more opportunities for jobs
True or False: The actual cash value of the plan is subject to change based on annual market rates of return.
It should be noted that actual cash value of the plan is subject to change based on annual market rates of return.
What is Actual cash value?Actual cash value can be regarded as the subtraction of replacement cost from depreciation of a damaged or stolen property.
However, actual value for a sold property is usually less than what it would cost to replace it and it subject to change based on annual market rates of return.
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Johnson & Johnson reputation would lead you to believe that it is operating at ___Level of corporate responsibility
Answer:
Johnson & Johnson's reputation would lead you to believe that it is operating at level of corporate responsibility. The managers at Johnson & Johnson who authorized the buyback of defective products might have endorsed Milton Friedman's shareholder, or profit- maximizing, view. Which of the following arguments also support Friedman's position? Check all that apply. Organizations must make money to stay in existence. Making money, then, should be the sole focus of an organization's activities. Organizations have the knowledge and resources to do good in the community, so they are responsible for helping others. O Organizations have more power than most underprivileged people, so they are responsible for helping those people get ahead in life. Organizations have one responsibility: to increase the wealth of their stockholders.
Explanation:
Johnson & Johnson reputation would lead you to believe that it is operating at a discretionary level of corporate responsibility.
What is corporate responsibility?Corporate responsibility (CR), also known as corporate social responsibility (CSR) or business sustainability, is concerned with the ethics that guide an organization's activities and how it operates to ensure long-term viability. These two factors are inextricably linked because a business that harms the systems on which it relies will eventually fail.
Discretionary responsibility refers to purely voluntary obligations assumed by a business. It is the responsibility of the company's management to protect the capital investment by engaging in only profitable business ventures that provide a good return on investment. It includes charitable contributions, disaster relief, and a variety of other activities.
Therefore, Johnson & Johnson is believed to be operating at discretionary level of corporate responsibility.
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Rene is a new Processing Technician. You are explaining where she would find specific information in the EHR for her various work duties. Since one of her areas is R-ADT productivity, she will have access to the MPI and DSS but not the CIS. Identify the function that does not fall under the CIS.
Group of answer choices
A. Quality improvement
B. surgery
C. nursing
D. pharmacy
The function that does not fall under the CIS or Clinical Information System for the new Processing Technician focused on R-ADT productivity is C. nursing.
What is nursing?Nursing involves all the healthcare activities of nurses in the promotion of health, prevention of illness, and the care of ill, disabled, and dying patients.
Nursing also promotes a safe environment, conducts research, participates in shaping health policy and patient and health systems management, and education.
On the other hand, R-ADT productivity deals with the recording, admission, discharge, and transfer activities in the clinical information system.
Thus, the function that does not fall under the CIS or Clinical Information System is C. nursing.
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Under what conditions is the current organizational structure of Dropbox most likely to be effective
When there is a single business mission, the current organizational structure of Dropbox is most likely to be effective. Option (A) is correct.
What is organizational structure?A company's functions, teams, and personnel are outlined hierarchically in an organizational structure. Organizational structures outline the duties of employees, who they answer to, and how corporate decisions are made. Your organizational structure must at the very least incorporate fundamental hierarchies and staff titles.
When you launch a business, your business plan often includes a mission statement. It explains the reason behind your business' existence and serves as a method for the public to learn about it. By keeping you on target, developing your goal statement aids in business unification and potential business blunders.
Therefore, Option (A) is correct.
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Your question is incomplete, the complete question will be;
Under what conditions is the current organizational structure of Dropbox most likely to be effective?
A) When there is a single business mission
B) When the organization is following a product development strategy
C) When following an unrelated diversification strategy
D) When following a related diversification strategy for the business
When is it virtuous to challenge a rule?
It virtuous to challenge a rule when it is said to be unjust or inappropriate and also when the enforcement process of that rule is not right or not done in the right way.
What is virtuous response?Virtue is known to be a kind of an appropriate response that one gives to different situations or issues.
The virtues are known to be linked with feelings. such as courage is liked with fear. One can challenge any unjust rule.
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Suppose that you have purchased a 3-year zero-coupon bond with face value of $1000 and a price of $850. If you hold the bond to maturity, what is your annual return?
Answer:
Explanation: In this situation, our profits would be $150 ($1000-$850). The total return on investment is 17.65% ($150/$1000) for the life of the bond.
Therefore, the annual return, is simply 1/3 of 17.65%, which equals 5.88%.
If you have purchased a 3-year zero-coupon bond with face value of $1000 and a price of $850 and if you hold the bond to maturity, the annual return is simply 1/3 of 17.65% ,which equals 5.88%
What is zero-coupon bond?A zero-coupon bond is a bond that pays no interest and trades at a discount to its face value. It also called a pure discount bond or deep discount bond.
A zero-coupon bond is also known as accrual bond.
U.S. Treasury bills are an example of Zero-Coupon bond.
What is face value? Face value is an actual value of the digit in a number.Face value is the price that is printed on something.What is bond to maturity?A bond to maturity, is usually set when it is issued. Bond maturities can range from one day to 100 years, but the majority of bond maturities range from one to 30 years. Bonds are often referred to as being short-, medium- or long-term.
What is annual return?The annual return is the return that an investment provides over a period of time. it's a record of publicly available information about your company that appears on the Companies Register.
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