Lyft would be the result of using custom contact service characteristics by supporting drivers with benefits such as mobile repair and a no-fee bank account with grocery and gas discounts.
Lyft, Inc., headquartered in San Francisco, California, provides mobility as a service, ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery throughout the United States and select Canadian cities.
It is a platform that connects drivers with people and businesses in need of rides. In addition to assisting passengers in getting from point A to point B, drivers in certain markets may choose to deliver essential items such as groceries, medical supplies, and household necessities to people in need.
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t.l. franklin corporation has three costs: a, which is variable; b, which is fixed; and c, which is semivariable. the company uses the high-low method and extracted the following data from its accounting records: at 196,000 hours of activity, cost a totaled $2,642,000. at 110,408 hours, the low point during the period, cost c totaled $1,514,000; at 216,000 hours, the high point, cost c's fixed portion amounted to $2.00 per hour. at 144,000 hours of activity, the sum of costs a, b, and c amounted to $8,194,000. required: a. compute the variable portion (total) of cost c at 110,408 hours of activity. b. compute cost c (total) at 144,000 hours of activity. c. compute cost b (total) at 144,000 hours of activity.
T.l. franklin corporation has three costs : The answer is provided on the supporting sheet. All of the elements have been thoroughly explained and formatted. Refer to the supporting sheet for a more complete answer.
What is corporation?
A corporation is a legal body recognised by private and public law "born out of legislation"; a legal person in legal context) and recognised as such in law for certain purposes. 10 Charters were used to establish early incorporated entities . The majority of governments currently permit the formation of new corporations through registrations. Corporations come in a variety of forms, but are often classified by the law of the country in which they are chartered based on two factors: whether they can issue stock or if they are founded to generate a profit.
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Please refer to the photos attached below, I cannot type it here because of so called "inappropriate words"
a city has an assessed valuation of $\$8000000.$ the rate for school taxes is $60$ cents per $\$100$ valuation. if all but $4\%$ of the school taxes were collected, how many dollars were still owed?
The rate for school taxes is $60$ cents per $\$100$ valuation. if all but $4\%$ of the school taxes were collected, $ 1920 dollars were still owed.
The Ohio school district income tax brings in money to help the districts that impose the tax. All federal, state, local, and property taxes are not included in this school tax; they are independent and additional.
All British Columbians, including those who don't have children in school, benefit from the education system. You pay school tax to help cover the expense of educating children in British Columbia. The analytical process of calculating the current (or predicted) value of an asset or a business is called valuation. A valuation can be done using a variety of methods. When determining a firm's value, an analyst considers a variety of factors, including the management of the company, the makeup of its capital structure, the likelihood of future earnings, and the market value of its assets.
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mary alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $250,000 per year for 25 years beginning today, or receiving one lump-sum amount today. mary alice can earn 6% investing this money. at what lump-sum payment amount would she be indifferent between the two alternatives?
The lump sum payment is $3387590
Recall that:
The annual cash flow payment option is =$250,000
n = 25 years
Mary Alice can earn =6% investment of the money
Now
We find the lump sum payment which is given below:
Lump-sum amount = $250,000* PVAF at (i=6%,n=25y)
Thus
$250,000*13.55036
= $3387590
There would be no difference between the two options when a lump sum amount is generated by converting the $250,000 in alternative 1's cash flows to present value using the PVAF at 6%,25y
PVAF =Present value annuity factor
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Which financial statement shows how much cash was paid for newly acquired property, plant and equipment when cash is used for part or all of the purchase?.
When cash is used for all or a portion of the transaction, the statement of cash flows shows how much was paid in cash for newly acquired property, plant, and equipment.The cash inflows and outflows for the time period covered by the statement are displayed in the cash flow statement (i.e., cash paid for newly acquired fixed assets).
What is a cash flow statement statement?By monitoring an organization's cash flow, a cash flow statement is a crucial tool for managing finances.This report is one of the three crucial ones that determine a company's performance, together with the income statement and the balance sheet. To assess the liquidity and solvency of the company, organizations should monitor and analyze three different types of cash flow: cash flow from operating operations, cash flow from investing activities, and cash flow from financing activities.The cash flow statement of a corporation includes all three. A company's strength, profitability, and long-term outlook can all be determined using a cash flow statement.The CFS can assist in figuring out whether a business has enough liquidity or cash to cover its costs.A CFS can be used by a business to forecast future cash flow, which is beneficial for budgeting purposes.The main goal of a cash flow statement is to offer pertinent data regarding an organization's cash flows over a specific time period under multiple headings, including operating, investing, and financing operations. Direct method: A list of incoming and outgoing cash flows is used to present operating cash flows.In essence, the direct method subtracts your expenses from your income.A reconciliation from profit to cash flow is shown for operating cash flows using the indirect approach.To learn more about cash flow statement refer
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adam smith claims that the proper role of governments is to restrict and regulate the self-interested behavior of business organizations for the common good. (f)
According to Adam Smith, the proper function of governments is to restrain and regulate business organizations' self-interested behavior for the benefit of the community.
Without private property, capitalism is possible. Marx maintained that workers are not truly free when they are alienated.
What was Adam Smith's perspective on government?Today, Adam Smith is regarded as the founder of laissez-faire economics, or "to leave alone."This is the possibility that administration ought to let the economy be and not obstruct the "normal flow" of unrestricted economies and deregulation.
What was government's role under Adam Smith?Smith was against the government interfering with market operations. He was of the opinion that a government should be responsible for three things: protecting national borders, upholding civil law, and carrying out public works (like education).
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which one of the following expenses for retirees is most likely to decrease? multiple choice clothing expenses insurance expenses medical expenses expenses for leisure activities gifts and contributions
Clothing expenses is the expense most likely to decreases for retirees .
Option A is correct .
What charges do you have in retirement?Your required average yearly charges in retirement fall into orders similar as household , transportation, living charges, family care and medical/ health. These are necessary retirement charges that you may not be suitable to live without.
How are retirement charges calculated?A good way to begin to estimate retirement charges is to use your current yearly income as a starting place, and also add and abate any charges you anticipate to change in retirement.
Retiree person :
A retired person is an aged person who has left his or her job and has generally stopped working fully. A retiree is a person who has retired. numerous retirees fail to consider affectation in their valuations of their withdrawal income. Benefits will be grounded on stipend, which are a measure of the income that retirees need to replace. A retiree is a person who has retired.
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Josie is a teenage girl who wants to start a jewelry-making business. Her target market is females, ages 10-14. What price should she charge per necklace that she sells?.
Josie target demographic is females ages 10 to 14, since he creates a affordable price range for children since target market
A target market is defined as.
A segment of a company's available market is its target market.
Due to the fact that no company has unlimited marketing resources or cash for advertising, marketing efforts and resources are often focused on the target market.
2. Josie should charge A for each necklace given her target demographic of females between the ages of 10 and 14. ranging from one to 10 bucks.
3. Because the data are descriptive without numerical measurement, the focus group organized to gather opinions for a target market is producing qualitative data.
4. The internet article about European fashion trends that was utilized to choose the inventory for a tiny boutique employed quantitative data.
What kinds of data are there?
The following four broad categories can be used to classify data:
Nominal data
Regular data
Data that is discrete and continuous.
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modifying the product, modifying the market, and repositioning the product are three ways to manage a product through . multiple choice question. its life cycle development of a branding strategy private branding achieving brand equity
Modifying the product is life cycle development of a branding strategy private branding achieving brand equity.
Generally talking, every emblem or product has its existence cycle which spans from the time it's far released to the time it exits from the marketplace. This cycle covers five degrees, specifically product development, introduction, interest, maturity, and decline.
Here are four common logo increase techniques for companies seeking to make bigger their services or product offerings.
The four brand techniques are line extension, emblem extension, new logo strategy, and flanker/combat brand approach.
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an appliance manufacturer has partnered with a non-governmental organization dedicated to rebuilding used consumer products for communities in developing economies that need safe and reliable household goods. as a result of this collaboration, the manufacturer has redesigned its appliances to include post-consumer recycled plastics from developing nations, to reduce their landfill waste while providing for their basic needs. which element of sustainability does this best describe?
Collins Makes briefcases and duffel bags. They bring their raw materials from East Africa, where they have a processing plant. They are now looking to increase their productivity by either renovating existing equipment or purchasing completely new equipment.
Africa is the arena's 2d-biggest and 2nd-maximum-populous continent, after Asia in each instance. At approximately 30.3 million km2 (eleven.7 million square miles) which includes adjoining islands, it covers 6% of Earth's total surface location and 20% of its land place. With 1.4 billion humans as of 2021, it accounts for about 18% of the world's human populace. Africa's populace is the youngest among all of the continents; the median age in 2012 turned 19.7 while the worldwide median age was 30.4. No matter the wide range of natural resources, Africa is the least wealthy continent according to capita and second-least rich by using total wealth, at the back of Oceania.
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mai filed a sexual harassment complaint against her supervisor. afterward, she noticed that managers were treating her differently and putting increased pressure on her. eventually, the situation became intolerable for mai and she voluntarily resigned from the organization. what does this exemplify? disparate impact constructive discharge quid pro quo sexual harassment undue hardship
mai filed a sexual harassment complaint against her supervisor. It is likely that Mai experienced constructive discharge for alleging sexual harassment.
In general, the term "constructive discharge" refers to situations in which it may be determined that a worker's retirement or resignation was not voluntary because the employer forced them to do so by fostering a hostile or intolerable work environment or by using other forms of pressure or coercion.
According to a legal principle known as constructive discharge, employers are responsible for creating working conditions that are so unpleasant that an employee is compelled to quit. In assessing whether the employee may be entitled to additional compensation from their previous company, this doctrine can be crucial.
Yes, it can be challenging to demonstrate constructive discharge. The onus of proof is on the employee, who must provide specific evidence that the employer fostered a hostile work environment that resulted in or would result in their resignation.
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Five manufacturing industries in Nigeria and two raw materials each
Answer:
Flour Mills of Nigeria
Unilever Nigeria -
PZ Cussons
DUFIL Prima Foods
Lafarge Cement
Explanation:
the process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for pursuing this missionand attaining these objectives is known as
Strategic management, then, is the process of carrying out a plan to achieve these kinds of goals.
The process of identifying an organization's long-term mission and objective is known as strategic management. It essentially consists of organizing the analyses, administration, and planning necessary to achieve the main goal.
The main focus of strategic management is on developing plans of action that managers may employ to effectively accomplish their objectives.
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all of these positions are used to create a zero-cost collar except a) writing a call option on the stock. b) purchasing a put option on the stock. c) purchasing a call option on the stock. d) a long position in the stock.
Positions are used to create a zero-cost collar except purchasing a put option on the stock.
What Is a Zero-Cost Procedure?
The term zero-cost procedure alludes to an exchanging or business choice that involves no cost to execute. A zero-cost system costs a business or individual nothing while at the same time further developing tasks, making processes more effective, or lessening future costs.
What is a zero-premium collar?
A zero-cost collar is a choices collar methodology that is intended to safeguard a broker's possible disadvantage. It does this by using call and put choices which, basically, counterbalance one another. While it will set a limit for potential misfortunes emerging from the exchange, it will likewise cover possible benefits.
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what type of mutual fund has the stated objective to invest in securities of u.s.-domiciled entities, as well as those domiciled in foreign countries?
Equity funds are the most popular .
What are different type of mutual funds ?
Target date funds, money market funds, bond funds, and stock funds are the four primary categories into which most mutual funds fit. Features, dangers, and benefits vary depending on the kind.
Risks associated with money market funds are minimal. According to the legislation, they are only permitted to invest in a limited number of high-quality, short-term securities issued by American businesses and national, state, and municipal governments.
Due to the fact that they often seek to generate bigger returns, bond funds carry more risks than money market funds. The risks and benefits of bond funds can vary greatly because there are several different kinds of bonds.
Stock funds purchase shares of public companies. There are variations among stock funds.
Growth funds concentrate on equities with the potential for greater financial gains than average but may not pay a monthly dividend.
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yusef has just finished compiling a list of potential customers and evaluating their ability, willingness, and authority to buy. he knows his next step in the personal selling process is to
Yusef has just finished gathering a list of prospective clients and assessing their capacity, eagerness, and authorization to purchase. The pre approach is his next move in the personal selling process, he is aware of this.
What is a marketing strategy?A marketing strategy is a company's overarching plan for connecting with prospective consumers and persuading them to purchase its services or products. A marketing plan typically includes the value proposition of the company, key brand messages, data on target customer demographics, and other significant elements.
The 4 Ps of marketing—product, pricing, place, and promotion—are covered in-depth in a marketing strategy.
A well-defined marketing strategy should center on the firm's value proposition, which tells customers what the company stands for, how it operates, and why it deserves their business.
This creates a structure for marketing teams to adopt when they create strategies for all of the company's products and services.
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the capital-to-labor ratio is: question 26 options: a) high in rich countries. b) high in poor countries. c) the ratio of managers to workers. d) a key element in decreasing real wages.
The capital-to-labor ratio is high in rich countries. The investor-analyst can determine if automation technology has been used to replace labor-intensive operations by looking at the capital to labor ratio.
Labor is simpler to change in the near term than the capital stock. As businesses lay off employees during recessions, capital to labor ratios tend to be greater. The corporation may be reducing manufacturing costs in this way to maintain its competitiveness or boost gross profits. The investor analyst should monitor this indicator for a sizable period of time.
As labor expenses (in the denominator) rise faster than fixed assets (in the numerator) are used up, the ratio will often go smaller over time. When a work is automated by the corporation, the ratio will quickly rise as the denominator (direct labor) falls and the numerator (fixed assets) rises. When labor costs are high, businesses will try to replace capital with labor.
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Which of the promotional elements requires expensive database management and is experiencing a declining response rate?.
The promotional element is direct marketing.
Direct marketing is any form of advertising that interacts or spreads with consumers directly as opposed to indirectly via another channel, like the media. Among other channels of distribution, campaigns can be sent via email, social media, and messaging. Direct marketing is referred to as such since it frequently eliminates the intermediaries, like the media used for advertising.
People have been proclaiming that direct marketing is no longer a significant part of the marketing mix ever since the advent of digital marketing. The response rates typically range from 1 to 3 per cent. It is a waste of money and is likely to annoy the consumer when a firm attempts to reach someone who is not interested in its items.
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a team asked to manage an entire line of products including making decisions about products to produce, managing the production of the product lines, marketing them, and staffing their division, is given which kind of task?
Producing, coming up with ideas, fixing problems, and all of the above.
The required details about product is mentioned in below paragraph.
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand.
Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods. A form of product that is also considered is a service.
The most common types of commodities are basic materials like metals and agricultural goods, but they can also include anything that is readily available on the open market.In project management, products are the formally defined project deliverables that include or assist in achieving the project's goals. A similar idea is that of a sub-product, which is an unintended but valuable outcome of a production process.
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the difference between talent management and human resource management is... a. just the title; they are the same b. talent management is a more holistic approach to hiring and retaining the right people c. talent management relates to athletes and musicians, whereas human resource management represents other types of professional jobs d. talent management focuses on employee fit with the organization e. both b and d
The correct option is b. Talent management is a more holistic approach to hiring and retaining the right people.
The definition of talent management is the meticulously planned, strategic process of bringing on the right personnel and assisting them in reaching their full potential while keeping organisational objectives in mind. Thus, the process entails identifying talent gaps and open positions, locating and hiring qualified candidates, going to grow them within the system and developing necessary skills, training for expertise with a future-focused approach, and successfully engaging, retaining, and motivating them to accomplish long-term business goals. Similar to how all other areas of work have changed through time, talent management strategies have advanced recently in order to accommodate people-specific developments.
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Which type of competition allows
sellers to enter or exit the market
without barriers?
A. Open Competition
B. Monopolistic Competition
C. Pure Competition
D. Total Competition
Pure Competition (Perfect Competition) allows sellers to enter or exit the market without barriers. Thus, option 'C' is the correct option.
What is Perfect Competition?A perfect market, also known as an atomistic market, is defined by various idealizing criteria, which are together referred to as perfect competition, or atomistic competition, in economics, especially general equilibrium theory.
It has been shown in theoretical models with the perfect competition that a market would find equilibrium when the amount provided for each good or service, including labor, matches the amount sought at the present price. A Pareto optimal equilibrium would be this one. Both allocative and productive efficiency is provided by perfect competition.
Therefore, option 'C' (perfect competition) is the correct option.
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harvard company purchased equipment having an invoice price of $13,900. the terms of sale were 4/10, n/30, and harvard paid within the discount period. in addition, harvard paid a $125 delivery charge, $195 installation charge, and $935 sales tax. the amount recorded as the cost of this equipment is:
The amount recorded as the cost of this equipment purchased by Harvard company is $12,546.
When it comes to recording equipment, once you begin using the asset, loop the income statement in. Until the asset has completely depreciated, note the asset's annual depreciation on your business income statement.
The cost of furniture, autos and other items is comprised of the purchase price, sales taxes, shipping costs, insurance for the item's protection during shipping, assembly, installation, and any other expenses necessary to prepare the item for usage.
Price of an Asset:
The invoice price is merely one component of an asset's cost. The incidental costs related to putting the item into use are also included. costs involved in putting the item into use, including sales tax, cash discounts, installation, freight, testing, and other expenses.
The amount has to be paid within the discount period, hence a 2% discount is applicable to it.
The amount of equipment = $11,500 × (100% -2%)
= $11,270
cost of this equipment = amount of equipment + delivery charges + installation charges + sales tax
=11,270 + 160 + 185 + 931
The cost of equipment will come to be $12,546
Therefore the amount recorded as the cost of this equipment is $12,546
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The correct question is:
Harvard Company purchased equipment having an invoice price of $11,500. The terms of sales were 2/10, n/30, and Harvard paid within the discount period. In addition, Harvard paid a $160 delivery charge, $185 installation charge, and $931 sales tax.
The amount recorded as the cost of this equipment is: _____
Suppose the supply chain for a clothing industry is as follows: raw materials > parts manufacturing > final assembly > retailer > customer if a final assembly company wants to expand into the manufacturing industry, it is pursuing which integration?
Given that the supply chain for a clothing industry follows "raw materials > parts manufacturing > final assembly > retailer > customer". Assuming that a final assembly company wants to expand into the manufacturing industry, it is pursuing the integration known as Backward vertical integration.
What is a Backward vertical integration?Basically, in supply management, an integration refers to the information and communication systems of all stakeholders, which are able to seamlessly exchange information through all planning, execution and completion of logistics operations throughout the product's life time.
The backward integration, means a form of vertical integration in which a firm expands its role to fulfill tasks formerly completed by businesses up the supply chain. This means that a backward integration is when a company buys another company that supplies the products or services needed for production.
In conclusion, as backward integration often involves buying or merging with another company that supplies its products, most companies pursue its when it is expected to result in improved efficiency and cost savings.
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when darla prepares her company's balance sheet, she should include in the list of current assets. a. land b. equipment c. leased property d. accounts receivable
When Darla prepares her company's balance sheet, she should include accounts receivable in the list of current assets. Option D
What are accounts receivable?Generally, Accounts receivable, also known as AR or A/R, are claims for payment that are legally enforceable that are held by a firm for products delivered or services performed that consumers have requested but have not yet paid for. The abbreviation for accounts receivable is accounts receivable.
The money that consumers owe a firm for products or services that they have received but have not yet paid for is referred to as the company's accounts receivable.
For instance, the amount that is owed by consumers who buy things on credit is added to the accounts receivable when such customers make their purchases.
In conclusion, When Darla is putting out the balance sheet for her firm, she needs to make sure that the list of current assets includes accounts receivable. The D Option
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CQ
when darla prepares her company's balance sheet, she should include ___ in the list of current assets. a. land b. equipment c. leased property d. accounts receivable
assume the perpetual inventory system is used. 1) green company purchased merchandise inventory that cost $64,200 under terms of 2/10, n/30 and fob shipping point. 2) green company paid freight cost of $2,420 to have the merchandise delivered. 3) payment was made to the supplier on the inventory within 10 days. 4) all of the merchandise was sold to customers for $94,400 cash and delivered under terms fob destination with freight cost amounting to $1,620. what is the net cash flow from operating activities that results from these transactions?
The gross margin from these transactions of Green Company is is $8,198
What is gross margin?Gross margin is the amount of money that remains after all direct expenses associated with creating or acquiring the products or services that a business sells have been deducted. The more money the corporation may give toward indirect costs and other expenses like interest, the larger the gross margin.
In mathematically,
[tex]Gross margin = Sales - Cost of good sold - freight cost of purchase[/tex]
where,
Sales = $24,900
Cost of good sold = Purchase × ( 1 - Discount rate)
= $16,700 × (1 - 0.04)
= $16,032
Freight cost = $670
Now apply these amounts in the above equation
So gross margin = $24,900 - $16,032 - $670
= $8,198
The freight on sales is paid by the buyer, hence it is not considered.
Thus, The gross margin from these transactions of Green Company is is $8,198
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question content area during the taking of its physical inventory on december 31, 20y4, barry's bike shop incorrectly counted its inventory as $207,529 instead of the correct amount of $169,567. the effect on the balance sheet and income statement would be
The effect on the balance sheet and income statement would be Assets and Retained Earnings Overstated By $52,362 and Net Income Overstated by $52,364.
An assets is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful.
A company's balance sheet lists its Assets. They are divided into current, fixed, financial, and intangible categories. They are acquired or produced to raise a company's worth or enhance its operations. An accounting document known as a balance sheet lists a company's assets, liabilities, and shareholder equity. One of the three primary financial statements that are used to analyze a corporation is the balance sheet. It offers a picture of a company's financial situation as of the publication date, including what it owns and owes.
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puppy palace uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. during march, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 2,980 tenant-days. the kennel has provided the following data concerning the formulas used in its budgeting and its actual results for march: data used in budgeting: fixed element per month variable element per tenant-day revenue $ 0 $ 29.50 wages and salaries $ 2,000 $ 5.50 food and supplies 200 10.30 facility expenses 7,000 2.50 administrative expenses 6,800 0.30 total expenses $ 16,000 $ 18.60 actual results for march: revenue $ 106,530 wages and salaries $ 23,400 food and supplies $ 36,780 facility expenses $ 19,150 administrative expenses $ 9,120 the net operating income in the flexible budget for march would be closest to:
During March, the Flexible Budget's net operating profit will be $10,320.
What is flexible budget?
A flexible budget is one that adapts to a company's activity or volume levels. A flexible budget, as opposed to a static budget, that does not fluctuate from of the amounts set when the budget was produced, continuously "flexes" with such a business's variations of costs. This budgeting method frequently involves variable rates per units instead of a fixed amount, allowing a corporation to predict prospective increases or drops in monetary needs.
This budget is frequently based on fluctuations in a firm's actual income and employs percentages of sales rather than fixed numbers. A flexible budget, for example, may designate 25% of an income statement to salaries rather than $100,000 to salary inside a given year.
A flexible budget is one that is based on actual data, such as actual quantity saved and actual cost spent based on real output. Variable costs change as output changes, but fixed costs remain constant.
As a result, in the case of Puppy Palace, the Actual Activity level was 5,320 Tenant Days.
As a result, the Flexible Fund will be calculated using the Actual Level Of activity of 5,320 Tenant Days.
As a result, Net Operating Profit Using a Flexible Budget would be computed as follows:
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what is the flushing time in relationship to an estuary? multiple choice question. the average time needed for the estuary to achieve a balanced water budget the time it takes for the estuary to empty during a low spring tide the time it takes for the estuary to exchange its water
The turnover time of fresh water in an estuary, or the amount of time needed to replace the fresh water already present in the estuary with freshwater intake, is commonly understood to be the flushing time of an estuary.
The amount of freshwater an estuary contains in relation to the overall pace of freshwater intake is what determines how long it takes for it to flush. As freshwater inflow rises, flushing time lowers. Calculations of the estuary's volume, volume-weighted average salinity, and salinity beyond the seaward boundary can be used to determine the flushing time.
The freshwater replacement approach is what it is known as. By injecting a conservative tracer, such dye, into the freshwater inflow at a constant concentration until the mass or average concentration of tracer in the estuary at a specific tide stage achieves equilibrium, flushing time can also be calculated. Concentrations will roughly drop exponentially as tracer is flushed from the estuary after tracer input is stopped.
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what are the types of contracts that fall within the scope of the statute of frauds? (check all that apply.) multiple select question. promises made in consideration of marriage contracts whose terms allow possible performance within one year contracts related to an interest in real property micro contracts or contracts for less than $100 between family members
the types of contracts that fall within the scope of the statute of fraud are:
promises made in consideration of marriage
contracts related to an interest in real property
According to the statute of frauds, certain agreements must be documented in writing, signed by the party against whom they are to be enforced, and contain enough information to support the agreement. It is a body of law that stipulates that some contracts must be in writing to be enforceable. Additionally, the written agreement frequently contains requirements, such as delivery terms or what must be covered by it. The purpose of the statute of frauds is to shield parties to a contract from a potential dispute or disagreement over the terms of the agreement in the future.
Contracts That Are Subject To The Fraud Statute are:
any vows made, including presents like an engagement ring, that are related to the marriage.contracts that take longer than a year to fulfill.contracts for buying and selling land. (Leases do not have to be covered unless they are for a year or longer.)guarantees that the executor will use his or her own money to settle an estate's debts. (However, the statute of frauds does not apply to pledges to pay such debt with estate monies.)contracts for the sale of items that are worth more than a certain amount of money, usually $500.Learn more about the statute of fraud here:
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the compensation plan known as blank involves payments being based on some measure of organizational performance, and the payments do not become part of the base salary.multiple choice question.individual incentiveslabor unionmerit payprofit sharing
The compensation plan known as profit sharing involves payments being based on some measure of organizational performance, and the payments do not become part of the base salary.
An employee retirement plan that shares in corporate profits is known as a profit-sharing plan. An employee who participates in this sort of plan, also known as a deferred profit-sharing plan (DPSP), is given a share of the company's profits depending on its quarterly or yearly revenues. Although there are usually limitations on when and how a person can withdraw these assets without incurring fines, profit-sharing plans are a terrific method for businesses to give their employees a sense of ownership in the organization.
The amount of the firm's income it intends to share under the profit-sharing plan is entirely up to the corporation.
Employees are not permitted to make contributions to profit-sharing plans; only the firm may do so.
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A highly efficient business: select one: a. constantly targets reductions in dollar and time costs b. sells to customers for both cash and on credit c. gets all its documentation done quickly to start operating d. pays creditors on time to keep its suppliers happy
D. Pays creditors on time to keep its suppliers happy.
Depending on the context, the term "creditor" can refer to a variety of entities, but often refers to a financial institution or a person who is owed money.
What types of people are creditors?Depending on the context, the term "creditor" can refer to a variety of entities, but often refers to a financial institution or a person who is owed money. You might be referred to as a debtor or borrower if you are the one who owes the money to the creditor.A creditor is defined as "any individual who offers or extends credit establishing a debt or to whom a debt is owed" by the Consumer Financial Protection Bureau (CFPB). As long as they give money to another party, a financial institution, an individual, or a nonprofit organization could all be examples of creditors.While loans are made to creditors, payments or the money owing are obtained from debtors. In the balance sheet's assets column, debtors are displayed.To learn more about Creditors refer to:
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