According to the question Item Purchase Date Cost Quantity Available for Sale Cost Assigned to Ending Inventory Cost Assigned to Cost of Goods Sold Total is 25 20 $70 $30.
What is purchase?Purchase is the act of obtaining goods or services for money or other valuable consideration. It is a transaction between a buyer and a seller. The buyer generally pays for the goods or services at the time of purchase, and the seller receives payment for the goods and services. Purchases can be made in different forms, including cash, credit, debit, or other means of payment. Purchases are typically made in stores, online, or over the phone. The buyer typically has to provide some form of identification, such as a driver's license, to complete the purchase.
1. Specific Identification
Item Purchase Date Cost Quantity Available for Sale Cost Assigned to Ending Inventory Cost Assigned to Cost of Goods Sold
A 8/1 $20 10 10 $20 $0
B 8/2 $25 5 5 $25 $0
C 8/3 $30 10 5 $25 $30
Total 25 20 $70 $30
2. Weighted Average
Cost of Goods Available for Sale $750
Total Quantity of Goods Available for Sale 25
Weighted Average Cost Per Unit $30
Cost Assigned to Ending Inventory $600
Cost Assigned to Cost of Goods Sold $150
3. FIFO
Item Purchase Date Cost Quantity Available for Sale Cost Assigned to Ending Inventory Cost Assigned to Cost of Goods Sold
A 8/1 $20 10 10 $20 $0
B 8/2 $25 5 5 $25 $0
C 8/3 $30 10 5 $20 $30
Total 25 20 $65 $30
4. LIFO
Item Purchase Date Cost Quantity Available for Sale Cost Assigned to Ending Inventory Cost Assigned to Cost of Goods Sold
A 8/1 $20 10 10 $0 $20
B 8/2 $25 5 5 $0 $25
C 8/3 $30 10 5 $30 $0
Total 25 20 $30 $453
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the infant industry argument relies on an assumption that firms can make efficient long-term investments by borrowing money from the domestic or international capital market. (True or False)
FALSE: The infant industry argument is predicated on the notion that businesses are unable to borrow money from either the domestic or global financial markets in order to make effective long-term investments is a incorrect statement.
Explain about the international capital market?The term "international capital market" refers to the marketplace where citizens of many nations transact in assets.
The international capital market, which hosts asset exchanges with some degree of worldwide scope, is actually a collection of intricately interwoven marketplaces rather than a single market. The foreign capital market serves a variety of functions. First of all, they offer a network of organizations made up of governments and businesses that venture and borrow to advance trade across national boundaries. Additionally, it brings together borrowers and lenders on multiple capital markets.The infant industry argument is predicated on the notion that businesses are unable to borrow money from either the domestic or global financial markets in order to make effective long-term investments.
As a result, long-term investments have to be subsidized by governments.
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According to Mr. Cochran, there is a strong, significantly positive relationship between diversity and corporate innovation. True/ False
False, Diversity and corporate innovation have a tenuous, markedly inverse relationship.
Corporate innovation is the process by which a company experiments with modern methods, tools, approaches, and opportunities in order to make its current business model more competitive. Corporate innovation is comprised of a number of key concepts, including problem-solving, leadership, collaboration, and entrepreneurship. Corporate innovation is the process by which companies integrate fresh innovation ideas into their existing organisational frameworks. Established companies that engage in corporate innovation frequently have a team focused on these initiatives. Given that one of the main objectives of business innovation is to properly deploy a new technology.
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What is a trust Apush definition?
In the context of AP US History (APUSH), trust refers to a type of business organization that became popular in the late 19th and early 20th centuries.
A trust is a legal arrangement in which a group of companies turns over their stock to a board of trustees, who then manage the companies as a single entity. This allows the companies to pool their resources and coordinate their activities, resulting in greater efficiency and profitability.
The rise of trusts was part of a larger trend toward consolidation and centralization in American industry during the Gilded Age. Many trusts became incredibly powerful and wealthy, leading to concerns about their influence over the economy and politics. In response, the federal government passed a series of antitrust laws, such as the Sherman Antitrust Act of 1890, aimed at breaking up or regulating large trusts and monopolies.
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A report telling how well all approved vendors have performed in the prior 12months is information that is MOST needed in which business process?
An expense cycle document called a receiving report is used to track the delivery of products from suppliers. Based on the items received and noted on the receiving report, businesses pay their suppliers.
In order to authorize payment for a purchase that needs a purchase order or a transaction under $250.00 that doesn't, a receiving report is an additional document that is necessary.
A receiving report is significant since it is essential to the efficient operation of a firm. It will be simpler for departments to communicate when there is a streamlined recordkeeping procedure in place for receiving reports. Also, it will avoid delays in the reconciliation of missing products, returned goods, or payables to partners in company.
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alexander must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets. (a) corporate finance
(b) capital markets
(c) investments
(a)Alexander must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets for corporate finance.
(b) Sachit, a trader at the New York Stock Exchange (NYSE), executes the decisions made by investors and takes action based on requests by different buyers and sellers in the market for capital markets.
(c) Jack works for a financial advising firm. He must create a financial plan and come up with a list of securities in which his client can invest. Jack must make decisions regarding the investments that he should recommend to his clients to include in their portfolio for investments.
Corporate finance is a field of finance that deals with the financial decisions that corporations make. It involves managing the financial resources of a company in order to achieve its goals and objectives. This includes decisions related to financial planning, capital budgeting, risk management, and working capital management.
Financial planning involves forecasting future financial performance and creating a plan for allocating resources to achieve the company's goals. Capital budgeting involves making decisions about investments in long-term assets, such as machinery or property, and evaluating the potential returns and risks associated with these investments. Risk management involves identifying and managing financial risks, such as market risks and credit risks. Working capital management involves managing the company's short-term assets and liabilities in order to ensure liquidity and optimize cash flow.
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Complete Question: -
Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong (corporate finance, capital markets, or investments).
Decisions:
(a) Alexander must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets.
(b) Sachit, a trader at the New York Stock Exchange (NYSE), executes the decisions made by investors and takes action based on requests by different buyers and sellers in the market.
(c) Jack works for a financial advising firm. He must create a financial plan and come up with a list of securities in which his client can invest. Jack must make decisions regarding the investments that he should recommend to his clients to include in their portfolio.
of the documents listed, what is an example of an individual agency's guideline that influences the way incidents are managed?
Of the documents listed, Standard Operating Procedures is an example of an individual agency's guideline that influences the way incidents are managed. So the option B is correct.
Standard operating procedures (SOPs) are detailed, written instructions to help employees carry out complex routine operations. SOPs provide detailed step-by-step guidelines for completing a task.
This document outlines the specific steps and protocols that must be followed in order to ensure a consistent and efficient approach to incident response.
This includes establishing roles and responsibilities, communication protocols, and processes for responding to, investigating, and resolving incidents. It also provides guidance on how to document and report incidents, as well as how to prevent similar incidents from occurring in the future.
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The complete question is:
Of the documents listed, what is an example of an individual agency's guideline that influences the way incidents are managed?
A. Command System
B. Standard Operating Procedures
C. Incident Action Plan
D. Finance Plan
given the following demand and supply tables, calculate and draw the market demand and market supply curves, and label equilibrium price and quantity. when the price is $30, what is the excess demand? when the price is $60, what is the excess supply?
The equilibrium price is determined by equilibrating the supply and demand functions, then solving for the price.
How supply and demand curves determine a market's equilibrium price and equilibrium quantity?The price at which the quantity of supply and demand is balanced is known as the equilibrium price. It is established by where the demand and supply curves cross. There is a surplus when there is more supply of an item or service than there is demand for it at the going rate; this forces the price down.
In economics, the equilibrium price is determined by equilibrating the supply and demand functions, then solving for the price.
The equilibrium price and quantity change exists the supply or demand curves change. Demand growth raises the equilibrium price and quantity. The equilibrium price and quantity both fall as demand declines. Equilibrium price declines and quantity rises as supply grows.
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Fill The Blank! pure ______ involves a very large number of firms.
Pure competition involves the very large number of firms.
In a pure competition market structure, there are many small firms that sell identical products or services. The firms in the market are price takers, meaning they have no control over the market price and must accept the market price as given.
The entry and exit of firms are easy, and there are no barriers to entry. This means that new firms can easily enter the market, and existing firms can easily exit the market.
In a pure competition market, no single firm has enough market power to influence the market price, and each firm must compete on the basis of price or other non-price factors such as quality, customer service, or marketing.
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What countries have historically been the largest recipients of inward FDI?
The historically largest recipients of inward FDI have been the United States, the United Kingdom, France, China, and Germany. Other notable countries have included India, Australia, Canada, Brazil, and Mexico.
Foreign direct investment (FDI) is an investment made by a company or individual in one country into a business or company based in another country.
FDI can take the form of opening a subsidiary or associate company in a foreign country, acquiring shares of a foreign company, expanding existing operations of a foreign company, or making other forms of investment in a foreign company.
Generally, FDI involves cross-border transactions of more than a certain monetary value, typically a certain percentage of the total investment. FDI can be a powerful driver of economic growth, as it brings in capital, technology, and jobs from abroad.
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what are business processes, such as manufacturing goods, selling products, and providing service, that make up the primary activities in a value chain?
A core method is one that a company uses to produce items or provide for customers.
A quasi item is more strategic in nature and aims to enhance the revenue model and free cash flow of the core items. A core item is defined in business as an item that is again responsible for revenues and cash flows of the specific firm. The purpose of a business process is to help your firm accomplish a particular goal. If you want to succeed as a firm, procedures help you move forward in repeatable, reliable steps.
A good procedure meets these three essential requirements: It should be the goal of any procedure to be repeatable. Development and administration of products and services. Sales and marketing of goods and services. offering a service. managing customer service. A company procedure is made up of a series of interconnected steps that end with the delivery of a service or product to a consumer.
Another definition of a business process is a sequence of tasks and actions that, when finished, lead to the achievement of an organisational objective.
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Expenses paid in cash before they are used or consumed. Assets overstated and expenses are understated
Expenses paid in cash before they are used or consumed. Assets overstated and expenses are understated Accrued Expense.
A liability that has accrued before it has been paid is frequently referred to as a cost and is known as an expense. In the accounting period in which it happens, the expense is reported.
Accrued expenses are listed as current liabilities on a company's balance sheet because they represent the obligation to make future cash payments. A cost estimate might not match the supplier's invoice, which will appear later. According to the accrual method of accounting, costs are recorded as incurred when they are actually incurred rather than as paid.
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Discuss the main categories of business risk, such as people risks
risks, and environmental risks. Indicate whether each risk is either
external in nature.
Explanation:
Business risk refers to the potential for loss or damage that a company may face due to factors that are beyond its control or due to its own actions. Business risks can be broadly categorized into internal and external risks. Internal risks are those that arise from within the organization and can be controlled by the company, while external risks are those that are beyond the control of the company.
The main categories of business risk are:
Financial risk: Financial risk is the risk of losing money due to various factors, such as changes in interest rates, fluctuations in currency exchange rates, credit risk, and market volatility. Financial risks are external in nature, as they are largely driven by economic and financial factors that are outside the control of the company.
Operational risk: Operational risk is the risk of loss resulting from inadequate or failed processes, systems, or people. This includes risks related to human error, system failures, supply chain disruptions, and regulatory compliance. Operational risks can be both internal and external in nature, as they can arise from within the organization or from external factors that impact the company's operations.
Strategic risk: Strategic risk is the risk of losses resulting from poor business decisions or the failure to adapt to changes in the business environment. Strategic risks are external in nature, as they are largely driven by changes in market conditions, shifts in consumer preferences, and disruptive technologies.
Reputational risk: Reputational risk is the risk of damage to a company's brand or reputation due to negative publicity, scandals, or other events that erode public trust. Reputational risks can be both internal and external in nature, as they can result from the actions of employees or from external factors that impact the company's reputation.
Legal risk: Legal risk is the risk of losses resulting from lawsuits, regulatory fines, or other legal action. Legal risks are external in nature, as they are largely driven by changes in laws and regulations or legal disputes with other parties.
Environmental risk: Environmental risk is the risk of losses resulting from environmental factors such as natural disasters, climate change, or pollution. Environmental risks are external in nature, as they are driven by forces outside the control of the company.
People risk: People risk is the risk of losses resulting from the actions or decisions of employees, including issues related to employee turnover, absenteeism, and misconduct. People risks can be both internal and external in nature, as they can result from the actions of employees or from external factors that impact the company's workforce.
In summary, business risks can be classified into various categories, including financial, operational, strategic, reputational, legal, environmental, and people risks. Some of these risks are external in nature, while others are internal or can be caused by a combination of internal and external factors. A comprehensive risk management strategy should consider all of these categories of risk and should be designed to mitigate the impact of these risks on the company's operations and financial performance.
employees have a legal responsibility to notify their supervisor when ill (T/F)
It is true that the law requires employees to notify their superiors if they become ill.
Under the Factories Act 1948, all workers, regardless of the nature of their work, are entitled to basic health and safety rights at work as part of a healthy and viable working environment. I have. Employers are responsible for the basic welfare of their employees.
Your most important tasks as an employee are:
Take good care of your own health and safety. If possible, do not wear jewelry or loose clothing when operating the machine. If you have long hair or are wearing a headscarf, please do not get in the way as they may get caught in the machine.
In general, a person is responsible for his own wrongdoings and has no obligations for the work of others. If an employee commits an illegal act in the performance of his or her duties, the employer is liable for this illegal act.
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which account is debited when a logo is purchased for cash?
When a logo is purchased for cash, the account that is debited will depend on the accounting system that is being used by the business.
In a single-entry accounting system, the account that is debited will typically be an expense account, such as Advertising or Marketing Expenses. This is because the purchase of a logo is considered a cost associated with promoting the business, which is an expense that reduces the net income of the business.
In a double-entry accounting system, two accounts are affected by every transaction. The account that is debited will depend on the account that is being credited. For example, if the logo is purchased using cash, the Cash account will be credited, while the account that is debited will depend on the nature of the logo purchase.
If the logo is considered an intangible asset, then the Intangible Assets account will be debited. If it is considered a marketing expense, then the Marketing Expense account will be debited.
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paul krugman characterizes strategic trade policy as being
Paul Krugman characterizes strategic trade policy as being the use of government policies to promote and protect the domestic industries that compete with foreign rivals in order to achieve greater national economic welfare.
This can include measures such as subsidies, tariffs, and quotas, aimed at making domestic firms more competitive in global markets. Krugman argues that strategic trade policy can be effective in certain circumstances, particularly in industries where there are large economies of scale or where strategic trade policies are used in coordination with other countries. Strategic trade policy is a set of government policies that are designed to promote the competitiveness of domestic industries in global markets. The idea behind this policy is to use subsidies, tariffs, and quotas to give domestic firms an advantage over foreign competitors. The goal of strategic trade policy is to increase the country's economic welfare by promoting its domestic industries in the global market.
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Paul Krugman characterizes strategic trade policy as being?
what percentage of the california real estate general fund
The California Real Estate General Fund receives its funding from the state’s budget.
California real estate refers to the buying and selling of property located in the state of California, USA. It's a complex request, with different types of property ranging from domestic, marketable, artificial and agrarian. California real estate request is heavily told by the dynamic frugality, seductive life and different population.
Prices in the request are largely variable depending on the position, conditions, and other factors like levies and regulations. Buyers and merchandisers in the request need to be apprehensive of all the regulations, laws and request trends to insure successful deals. Professional help is frequently sought to navigate the complex request,
Question is incomplete the complete question is
What percentage of California Real Estate General Fund is set aside?
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a company has net working capital of $869. long-term debt is $4,456, total assets are $6,705, and fixed assets are $4,326. what is the amount of total liabilities?
A company is a legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.
What is the meaning of Company?A company is a legal body created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate legislation of its jurisdiction, a corporation may be set up in a variety of ways for tax and financial liability reasons.
A corporate structure that is distinct from its owners legally is a company. Due to additional reporting requirements as well as higher-level legal obligations, the business structure is more complex and has greater setup and administrative costs.
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Kranworth Chair Corporation
1. Identify the most important key recurring decisions that must be made effectively for KCC to be successful. In KCC’s functional organization, who had the authority to make these decisions? Who has the authority to make these decisions in KCC’s new divisionalized organization?
2. Did KCC's top management go too far in decentralizing the corporation? Did they not go far enough? Or did they get it just right? Why?
3. Evaluate KCC’s new performance measurement and incentive system. Assuming that KCC will retain its new divisionalized organization structure, what changes would you recommend, if any? Why?
4. Assume that the R&D function is to be decentralized (given to the divisions). Would this necessitate changes to KCC’s performance measurement and incentive system? If so, which and why? If not, why not?
The most important key recurring decisions that must be made effectively for KCC to be successful is in its research and development. The management team has the authority to make these decisions in KCC’s new divisionalized organization.
What is research and development?Research and development (R&D) is the process of exploring new knowledge and developing new or improved products, services, or technologies.
The goal of R&D is to create new or improved products, services, or technologies that can provide value to society and contribute to economic growth.
The KCC focuses very much on its research and development.
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You should assume that emails not addressed to you are ______. a. public b. unimportant c. private d. unethical please select the best answer from the choices provided a b c d
You should assume that emails not addressed to you are private and should not be opened or read.
Emails are an important part of communication in today's world. They are used to send messages quickly and easily, and can be used to facilitate conversations and collaborations. When writing emails, it is important to be clear and concise. Pay attention to grammar and spelling, and use language that is easily understandable. Make sure to include a meaningful subject line, and be sure to include all important information. Lastly, take the time to read over your email before sending it, to ensure that it is accurate and professional. Communication is an essential part of our lives, allowing us to express our ideas, opinions and feelings. It involves the exchange of verbal and non-verbal messages and is used to build relationships, share information and solve problems. Effective communication requires understanding, listening and responding appropriately.
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the burden of a tax falls more heavily on the sellers in market when a) demand is inelastic and supply is elastic b) demand is elastic and supply is inelastic c) both supply and demand are elastic d) both supply and demand are inelastic
Option b: demand is elastic and supply is inelastic. When demand is elastic and supply is inelastic, the tax burden increases for market sellers.
When demand is tighter than supply, most of the tax burden falls on consumers. However, if supply is less elastic than demand, sellers bear most of the tax burden.
If demand is inelastic, customers are less likely to react to price changes and their targets tend to stay the same when taxes are introduced. Demand for cigarettes is inelastic because smokers are dependent on the product. The seller can pass the tax burden on to the customer in the form of a higher price without a significant drop in the equilibrium quantity.
When the tax is introduced in markets with volatile supplies such as beach hotels, sellers will be forced to accept lower prices.
Therefore option B is correct.
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If enforcement is aimed at buyers of an illegal good, the result will be an increase in the short-run supply of the good. a decrease in the short-run supply of the good. a decrease in demand for the good. an increase in the price of the good.
If enforcement is aimed at buyers of an illegal good , then the result will be a decrease in the demand for the good , the correct option is (c) .
Enforcement aimed at buyers of an illegal good can take many forms, such as fines or imprisonment. The purpose of this enforcement is to discourage individuals from purchasing or consuming the illegal good.
When the buyers are deterred from purchasing the illegal good, the demand for the good decreases. This can lead to a decrease in the short-run supply of the good, as suppliers may be less willing to produce and sell the good when there is less demand for it.
Therefore, the correct answer is (c) a decrease in demand for the good.
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The given question is incomplete , the complete question is
If enforcement is aimed at buyers of an illegal good, the result will be
(a) an increase in the short-run supply of the good.
(b) a decrease in the short-run supply of the good.
(c) a decrease in demand for the good.
(d) an increase in the price of the good.
pdca is most often applied to which aspect of tqm? A) Six SigmaB) employee empowermentC) continuous improvementD) benchmarkingE) JIT
The correct options is C continuous improvement.
PDCA (Plan-Do-Check-Act) is a problem-solving and continuous improvement methodology that is widely used in Total Quality Management (TQM). PDCA is most often applied to the aspect of continuous improvement in TQM.
PDCA is a cyclical process that involves planning (identifying the problem and developing a plan for improvement), doing (implementing the plan), checking (measuring the results and evaluating their effectiveness), and acting (refining the plan and implementing further improvements).
PDCA is a flexible and adaptable methodology that can be used in a variety of settings and industries, making it a valuable tool for organizations committed to TQM and continuous improvement.
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Carbon Monoxide Poisoning: (Please bullet or number your answers.)
All gas-powered vehicles produce carbon monoxide. Carbon monoxide is a deadly, odorless gas that is released from the exhaust pipe of vehicles.
What are two (2) ways you can prevent carbon monoxide poisoning with gas-powered vehicles?
if income remains the same, but both the price of lottery tickets and train tickets increase, then what will happen to the budget constraint?
If income remains constant but the cost of both lottery tickets and train tickets rises, the budget restriction will move to include both endpoints.
What exactly is a financial constraint?A person's budget is the upper limit of the opportunity set, which includes all possible combinations of consumption that they are able to sustain in light of the prices of goods and their level of income.
What occurs to the budget line as the costs of both decrease?when any of the following takes place: a decrease or increase in the price of one or both items while keeping the nominal income constant (budget). a shift in the nominal income level without a corresponding shift in the relative costs of the two products.
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Business Law 1 Timothy V. Keetch Case brief
Facts:
Issue:
Application:
Conclusion:
Teri and Thomas Keetch wanted to establish a therapeutic horse ranch as a business venture. Their concept for the ranch was that it would be a place where children who were victims of abuse could ride and care for horses as a means of healing. The Keetches lacked sufcient funds to start the ranch, however. In the summer of 2000, they sought to buy a stallion for breeding purposes, and they turned to MSF Properties for nancing. The Keetches eventually borrowed $102,000 from MSF and pledged the stallion—a quarterhorse named Hesa Son of a Dun—as collateral for the loan. This transaction was memorialized in a se- curity agreement. A nancing statement was led with Utah’s Division of Corporations and Commercial Code, which maintains an online database for Uniform Commercial Code lings.
A month or two later, Rebecca Mendenhall, a broker representing the Keetches, contacted Paul and Janice Timothy and sug- gested that they make a "bridge loan"(a short-term loan used as a means of interim nancing) to the Keetches for funding the therapeutic horse ranch. The Keetches and the Timothys met at a fast-food restaurant to discuss the transaction. The Keetches offered to pledge Hesa Son of a Dun as security for the loan. Following the meeting, Teri showed the horse to Paul. Teri said that she owned the horse and that it was worth between $125,000 and $175,000. Paul asked Teri if the horse was encumbered in any way—that is, if ownership of the horse was subject to any debts or obligations—and Teri responded that the horse was not encumbered.
In September of 2001, Paul met with Thomas and asked several questions about his nancial status. Thomas gave false an- swers to a number of questions, including the purposes for the loan and whether the Keetches owned the horse "free and clear." After the meeting, Paul asked the horse’s trainer if the horse was encumbered. He also inquired of the American Quarter Horse Association, which maintains ownership, lien, and breeding records for quarterhorses. Neither had any knowledge of any prior encumbrances. The Timothys did not check Uniform Commercial Code lings to see if a nancing statement had been led on the horse. Had they done so, they would have discovered that, contrary to the Keetches’ representations, the horse was already serving as collateral on the loan MSF made to the Keetches.
Oblivious to the horse’s true status, the Timothys made the bridge loan to the Keetches, secured—or so they thought—by the full value of the horse. The Keetches defaulted on their loan from MSF, and MSF seized the horse in October of 2001. The Keetches later defaulted on the bridge loan from the Timothys as well. At this point, the Timothys learned that their collateral had been lost to MSF.
The Timothys sued the Keetches for breach of contract and fraud, among other claims. A bench trial was held and the court found in favor of the Timothys. The Keetches appealed.
Orme, Judge
In general, Utah law does not require one to inspect the public record to verify the truthfulness of statements made to him or her. In Christiansen v. Commonwealth Land Title Ins. Co. (Utah 1983), an escrow company represented that a land development company held an interest in property that it actually did not have. The injured party sued because the escrow company’s represen- tations that certain properties held in escrow had unencumbered equity values available as security for the plaintiff were not true. On appeal, the Utah Supreme Court held in favor of the plain- tiff, noting that a defendant who makes misrepresentations, even negligently, can be held liable. As to reasonable reliance, the Court differentiated between available documents that are part of a transaction and documents contained in public records, and stated that "failure to examine public records does not defeat an action for a false representation because in most cases there is no duty to make such an examination."
We considered the doctrine of reasonable reliance in Conder v. A. L. Williams & Associates, Inc., and held that a plaintiff may justiably rely on positive assertions of fact without indepen- dent investigation. It is only where, under the circumstances, the facts should make it apparent to one of his knowledge and intel- ligence, or he has discovered something which should serve as a warning that he is being deceived, that a plaintiff is required to make his own investigation. Applying these principles to the facts, the Timothys were not required to check for prior UCClings on the horse. The Keetches unqualiedly represented that they owned the horse free of prior encumbrances. Nothing in the transaction, in the Keetches’ representations, in Paul’s visit to the ranch, or in the inquiries the Timothys made suggested anything that would "serve as a warning" that they were being deceived.
Afrmed in favor of the Timothys.
The court found that the Keetches had made false representations and affirmed in favor of the Timothys.
Mathematically speaking, the transaction between the Keetches and MSF involved a loan of $102,000 in exchange for the collateral of a quarterhorse named Hesa Son of a Dun. This was recorded in a financing statement filed with Utah’s Division of Corporations and Commercial Code.
The transaction between the Keetches and the Timothys involved a bridge loan for funding the therapeutic horse ranch, which was secured by the same horse pledged as collateral.
The Timothys relied on the Keetches’ representations that the horse was not encumbered, and made the loan. However, they were unaware of the prior transaction between the Keetches and MSF involving the same horse as collateral.
When both loans were defaulted, MSF seized the horse, leaving the Timothys with no collateral.
The Timothys were not required to check for prior Uniform Commercial Code filings on the horse, as the Keetches had unqualifiedly represented that they owned the horse free of prior encumbrances. Thus, the court affirmed in favor of the Timothys.
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a company uses the weighted-average method for inventory costing. at the beginning of the period, it reported the following data: units conversion percent complete beginning work in process inventory 26,500 40% units started this period 180,000 units completed and transferred out 178,000 ending work in process inventory 28,500 70% the production department data related to conversion costs follows: costs of beginning work in process $ 112,000 costs added this period 739,825 compute the conversion cost per equivalent unit. multiple choice $4.16. $3.95. $4.36. $4.55. $4.30.
Inventory costing is the process of assigning value to inventory, and thus to the cost of goods sold.
What is the meaning of Inventory?All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.
Products in various stages of preparation for sale are referred to as inventory in accounting terms, including Completed products (that are available to be sold) Unfinished projects, and raw materials.
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all the uncontrollable forces originating outside the home country that surround and influence the firm are part of the blank environment. multiple choice question. international foreign global transnational
All the uncontrollable forces originating outside the home country that surround and influence the firm are part of the international environment.
What is an international environment?The international environment is the set of external uncontrollable factors that a firm encounters when it engages in international business. These factors may include economic factors such as exchange rates, inflation, and economic growth rates in foreign markets, political factors such as the stability of the host country's government, regulations, and political risks, cultural factors such as language, religion, and social norms, and legal factors such as laws and regulations related to trade and commerce in foreign markets.
For firms engaging in international business, the international environment is an important consideration. Understanding the unique features of each foreign market is crucial to developing successful business strategies. Factors such as differences in consumer preferences, cultural norms, and legal regulations can have a significant impact on a company's success in foreign markets.
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as a result of the sarbanes-oxley act, which board was created to help determine auditing standards and review the performance of auditing firms?
As a result of the Sarbanes-Oxley act, the board created to help determine auditing standards and review the performance of auditing firms is the Public Company Accounting Oversight Board (PCAOB).
What is sarbanes-oxley act?Federal legislation known as the Sarbanes-Oxley Act of 2002 imposed stringent financial and auditing standards for publicly traded firms. To assist shield shareholders, employees, and the public from accounting mistakes and dishonest financial activities, legislators enacted the legislation.
The Sarbanes-Oxley Act (SOX), which was passed in 2002, set regulations to safeguard the public against deceptive or exploitative company activities. The act created a system of internal corporate checks and balances and promoted openness in corporate financial reporting.
Therefore, the Public Company Accounting Oversight Board (PCAOB) is created to help determine auditing standards and review the performance of auditing firms.
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Read the Lucy v. Zehmer case summary in the "Elements of the Offer" and the analyze the case in relation to contract law. Specifically, you must address the following rubric criteria: Identify the contractual element Zehmer contended was missing. Summarize the court ruling and explain the reason for the ruling. Agree or disagree with the ruling, and include a rationale to support your ideas. Summarize a personal experience in which you entered into a contract that you did not think of as a binding contract at the time. Consider which elements of a contract were in place and which were missing.
The contractual element Zehmer contended was missing was mutual assent, valid offer and acceptance, are the adequate to condition capability and lawfulness.
The court ruling was the contract is enforceable because contract has a commonsensible belief that the other organization has the necessity intent.
What is contract?An agreement between two or more people to do something is referred to as a contract. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment.
Yes, it was agree that the valid contract between the defendant are the plaintiff in this case because warranted in believing the contract. According to Lucy vs Zehmer, did not to consider defendant's significance of the purpose of the agreement.
As a result, the significance of the contract are the aforementioned.
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At the end of 2017, companies from one country collectively owned $22 billion in assets in its neighboring country. The $2 billion represents the ________ of FDI.A) stockB) grown more rapidly.C) foreign direct investment.
At the end of 2017, companies from one country collectively owned $22 billion in assets in its neighboring country. The $2 billion represents the stock of FDI.
The correct option is option A.
Foreign Direct Investment or the FDI stocks basically aim to measure the total level of the direct investment which is present at a given point in time, and that is usually the end of a quarter or at the end of a year. FDI stock is basically the value of the share of the capital as well as the reserves, which include the retained profits, that are attributable to the parent enterprise, as well as the net indebtedness of the affiliates to the parent enterprise.
Outward stock can be defined as the value of capital as well as the reserves in another economy which are basically attributable to a parent enterprise who is resident in the economy. Inward stock are basically the value of the capital and also the reserves in the economy which are attributable to a parent enterprise resident in another economy.
Hence, the correct option is option A.
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