In 2011, a household with an annual income of $23,000 would find itself in the?

Answers

Answer 1

In 2011, a household with an annual income of $23,000 would find itself in the lower-income bracket.

This is because the federal poverty level for a household of four was $22,350 in 2011.

A financial indicator released annually by the Department of Health and Human Services (HHS). Your eligibility for certain programmes and benefits, like as discounts on Marketplace health insurance and Medicaid and CHIP coverage, is based on your income as measured by the federal poverty line.

The federal poverty level (FPL) income figures shown below are used to determine Medicaid and the Children's Health Insurance Program eligibility for 2022. (CHIP). The savings on Marketplace insurance plans for 2022 are calculated using 2021 numbers, which are significantly lower.

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Related Questions

controllable factor that is directed by top management?

Answers

A controllable factor that is directed by top management is called "management decision making." Management decision making is the process of identifying and choosing alternative courses of action in a manner appropriate to the demands of the situation.

This involves analyzing and evaluating available information, considering alternative solutions, and making informed decisions about the best course of action.

Top management is responsible for setting the strategic direction of the organization, making important decisions about resource allocation, and overseeing the overall performance of the organization.

Therefore, management decision making is a key controllable factor that is directed by top management.

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According to public choice economists, the federal government has expanded because
A. the federal government is efficient in its spending.
B. deficit spending has reduced the perceived cost of current government operations.
C. taxpayers pay the full cost of current government operations.
D. the public likes to pay higher taxes to finance more programs.

Answers

Economists believe that the federal government has expanded because B. deficit spending has reduced the perceived cost of current government operations.

What do economists think of the federal expenditure?

They believe that because the government can finance more expenditure with debt, they have engaged in more expenses than they can actually afford.

This means that the government no longer views the cost of government operations as high because they can engage in deficit spending.

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The CEO of Tough Mudder believes that teams in his company are not working as effectively as they could, and he is asking you for advice. Provide the best answer to his question. "A new team we just formed to explore expanding into the Mediterranean and Middle East seems to have split into three factions around what kinds of events to host and what kinds of customers to target, and communication is sometimes not respectful. How can the manager help the team move beyond this?" The manager should encourage team members to share personal information and get to know one another better. The manager should make sure that both the task specialist and socioemotional roles are being performed on the team. The manager should encourage everyone to participate in discussions by stating their underlying interests rather than demands for specific outcomes. The manager should encourage a high level of task conflict and relationship conflict so team members can work out all their differences.

Answers

Answer:

The manager should make sure that both the task specialist and socioemotional roles are being performed on the team.

Explanation:

In the given scenario the team is split into three factions around what kinds of events to host and what kinds of customers to target, and communication is sometimes not respectful.

There is need to resolve both the social problem of disrespect and the specialist problem of having different opinions about types of events and customers to target.

As a manger it is important that socioemotional roles are performed in the group to make the factions respect themselves.

This will easily promote communication and help resolve the specialist differences the factions are having

The Issuance of Common Stock may
be shown on which of the following?
A. Shareholder's Income
B. Operating Cash Flow
C. Balance Sheet
D. Income Statement

Answers

The money a firm makes when it first sells its shares to investors on the open market is known as the common stock issuance.

What is The Issuance of Common Stock?

Calculating the proceeds is simple once you know how many shares the corporation is issuing and at what price. To get the total revenues, just multiply the number of shares by the share price. Entry in the journal for the distribution of common shares with a face value. Common shares with par value are journalized by crediting common shares (equity) up to the par value and debiting cash (asset) for the amount received for the shares.

The remaining portion of the entry is then credited to extra paid-in capital (equity). In contrast to shares outstanding, which are calculated as the number of issued shares less any shares held in treasury, issued shares are reported as capital stock, or owners' equity, on a company's balance sheet.

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3. What is an annual percentage rate (APR)? Describe one similarity and one
difference between the APR and the interest rate on a credit card or loan. Why
would the APR differ from a creditor's posted interest rate? In your response, also
explain how borrowers can use the APR to evaluate loan options, and describe why
borrowers should be wary of low introductory APRs. (8 points)
7

Answers

An annual percentage rate, or APR, is a figure that expresses the entire cost of borrowing money as a proportion of the loan's principle. An accurate picture of how much it costs to borrow money is intended to be provided by the APR on a loan or credit card.

What is annual percentage rate?

The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, home loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge. An annual percentage rate, or APR, is a figure that expresses the entire cost of borrowing money as a proportion of the loan's principle. An accurate picture of how much it costs to borrow money is intended to be provided by the APR on a loan or credit card.

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Which of the following itemized deductions is not allowed for AMT?
a-miscellaneous expenses
b-depreciation
c-medical expenses
d-charitable contributions

Answers

Option A: Miscellaneous expenses is not allowed for AMT.

Under the AMT (alternative minimum tax) system, certain deductions, particularly those that are itemized, are either reduced or disallowed. The deductions that are disallowed for AMT are mentioned below, among which miscellaneous deductions is not allowed for AMT.What are the deductions disallowed for AMT?Miscellaneous deductions not permitted under AMT, including:

Unreimbursed employee business expenses
Tax preparation fees
Legal fees for the production of taxable income
Investment fees and expenses
Miscellaneous deductions subject to the 2 percent of adjusted gross income limit

Since 2018, none of the above deductions are permitted under regular income tax rules. However, in the case of AMT, the deductions mentioned above are disallowed.

However, items such as property taxes, mortgage interest, and charitable donations, which are typically high-dollar itemized deductions, are permitted in the AMT system if the taxpayer pays at least the AMT standard deduction amount.Medical expenses and depreciation, on the other hand, are not among the deductions that are disallowed under AMT.

Thus, the answer to the question would be Option A: Miscellaneous expenses.

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During its first year of operations, Mack's Plumbing Supply Co. had sales of $6,740,000, wrote off $48,600 of accounts as uncollectible using the direct write-off method, and reported net income of $712,500. Determine what the net income would have been if the allowance method had been used and the company estimated that 1% of sales would be uncollectible.

Answers

The  net income that would have been if the allowance method had been used is:$696,200.

Net income

Using this formula

Net income=Net income+Accounts uncollectible-(Sales×Estimated sales rate)

Let plug in the formula

Net income=$715,000+$48,600-($6,740,000×1%)

Net income=$715,000+$48,600-$67,400

Net income=$696,200


Therefore The  net income that would have been if the allowance method had been used is:$696,200.

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Answer: 693700

Explanation:

Apply the 1% to the sales of 6,740,000.

( 6,740,000 x .01 ) = 67,400

Subtract by the original write off 48,600 from the total

( 67,400 - 48600 ) = 18,800

Subtract this from the reported net income.

( 712,500 - 18800 ) = 693,700

Hope this helps.

Risk can be thought of as the possibility of incurring??

Answers

Answer:

Risk can be thought of as the possibility of incurring a loss.

Explanation:

Loss.

How can choosing the right institution help you manage money effectively?

Answers

Answer:

You may get a better job, or it may make you more responsible. The money is the main thing, you will get paid better, so you wont have to worry abt money i guess.

Explanation:

HELP PLEASE!!!

Which of these are financial goals? Select the two correct answers.

1. Saving for college

2. Going shopping during sale season

3. Buying a new computer

4. Getting a credit card

5. Making a monthly deposit on your savings account

Answers

1 and 4.. so here’s why. One. Saving for college is good obviously bc when you apply to go to a college then you would only have to pay the price of the college that you didn’t save. Every penny adds up. 4. Getting a credit card can either limit the money that you spend and it can make a budget for you.. Hope this helps!! Have a good day!!!

Financial goals are targeted objectives individuals set to attain specific desired financial outcomes.

Saving for college is a prime example, involving allocating funds for forthcoming educational expenses. Similarly, making recurring deposits into a savings account constitutes a financial goal, fostering savings growth for future needs like emergencies or investments.

In contrast, the other options—such as shopping during sales, purchasing a new computer, and obtaining a credit card—may involve transactions but lack the inherent long-term financial purpose of savings, investment, or fiscal stability that characterizes genuine financial goals.

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Which of the following is NOT an example of a metric
?

Answers

Answer:

can you tell me what the choices are and I'll answer in the comments

Explanation:

floor gang aooh sub to pewdiepie

celebrity endorsements of produces utilize the ________ to persuasion.

Answers

Answer:

peripheral route :)

Celebrity endorsements of produces utilize the peripheral route to persuasion.

What is peripheral route?

peripheral route involve a indirect approach to approving a products.

It does not use the fact or findings about a product but rather uses association or relationship with the owner to judge a product.

Therefore, celebrity endorsements of produces utilize the peripheral route to persuasion.

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Paul owns a photography studio, and he has applied for a loan to
purchase a larger space so he can show his, and other local photographers’, work.
As part of the loan process, the bank reviews Paul’s credit history, which reveals that
Paul’s studio has been in operation for six months, Paul has an active loan on some
photography equipment for $8,000, Paul has a credit score of 650, and the studio
turns a decent profit. Given all this information, Paul’s loan is denied.

Determine which item from Paul’s credit history caused the denial.

Answers

Answer:

A credit score of 650 is slightly below average for the populace, coupled with the fact that the studio has been in operation for a short period of time and he has an outstanding loan of $8,000, is the reason he was rejected. It was the outstanding loan.

Explanation:

I am MrBeast and if you can guess what number I am thinking of between 1 and 100 I will give $10,000. Comment or answer.

Answers

Answer:

58

ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

it's fake

This is fake!!! It's not even the real MrBeast!!

Read the statements below. Select "L" if the statement describes the Linux OS. Select "M" if the statement describes the Mac OS. Select "W" if the statement describes the Windows OS.

L - Linux
M - Mac
W - Windows

___code can be modified by users

____customer service provided by volunteers

___introduced the first GUI

___open source

____used by the majority of businesses

_____widely used in artistic fields

Answers

L - LinuxM - MacW - WindowsL - Linux

All the above statements describe Linux OS.

"Code can be modified by users" refers to the open-source nature of Linux."Customer service provided by volunteers" can be interpreted as a reference to the community-driven support for Linux."Introduced the first GUI" is not accurate, as the first GUI was actually introduced by Xerox PARC, but Linux certainly played a role in popularizing the use of GUIs in computing."Open source" refers to the fact that Linux's source code is freely available for users to view, modify, and distribute.

From 2006 to 2008 there was a dramatic fall in the price of houses. If this fall made people feel less wealthy, then it would have shifted.

Answers

If this dramatic fall made people feel less wealthy, then it would have shifted aggregate demand left.

What is aggregate demand?

The overall demand for final products and services in an economy at a certain period is known in macroeconomics as aggregate demand (AD) or domestic final demand (DFD). Although other times this phrase is distinguished, it is frequently referred to as effective demand. This is the demand for a nation's gross domestic product. It outlines the quantity of products and services that will be purchased at every price point. The aggregate demand is made up of consumer spending, investment, business and governmental spending, and net exports.

The link between two elements—the quantity of production that is wanted and the level of the overall price—is depicted by the aggregate demand curve. A fixed level of the nominal money supply is required to express aggregate demand.

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easy career question

easy career question

Answers

Answer:

High school. Well at least my high school does.

Explanation:

Answer:

A.

Explanation:

yes

If a business is owned by many people, it is called a _____ . A. sole proprietorship. B. corporation. C. limited liability company. D. partnership

Answers

Answer:

bbb

Explanation:

When a business is owned by many people, then such a kind of business will be termed as corporation. Hence, Option B is correct.

What is a business?

A business is a term which is used to denote the kind of activity that makes a person engaged and so that they can earn money to provide support to their family as well as themselves.

In terms of the monetary sector, with the help of this , they will continue in a smooth and efficient manner. With the help of business, one can earn that much money through which they can move towards master status.

When a person runs a kind of business there, apart from him, many other people will also become owners. It will be referred to as a corporation.

Therefore, Option B is correct.

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What is a target market?

Answers

Answer:

It’s the certain aiming group where product and stuff are aimed towards they’re being directed to that specific group.

Explanation:

In which market would a producer sell bicycles to consumers?

Answers

In the markets for goods and services, a producer would sell his bike for purchase by customers.

What is the market for goods and services?

Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.

The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.

The rule of supply and demand governs how much is produced and at what price in the market for products and services.

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What is the Descriptive Approach? It is about developing the most accurate model and act on it in ways that weigh and balance these interests as fairly as possible, it has the lowest level of comprehensiveness. is the fundamental basis of stakeholder theory and argues that stakeholders are ends unto themselves rather than means to an end, it has the lowest level of comprehensiveness. It connects stakeholder management and financial outcomes, it it has the highest level of comprehensiveness. It is about developing the most accurate model and act on it in ways that weigh and balance these interests as fairly as possible, it has the highest level of comprehensiveness.

Answers

The Descriptive Approach is a method focused on developing accurate models and acting upon them in a balanced and fair manner. Accuracy and balance are key aspects of this approach, which aims to address various interests while considering the stakeholders involved. However, the Descriptive Approach has the lowest level of comprehensiveness.

In the Descriptive Approach, the emphasis is placed on creating precise models that reflect the reality of the situation and considering the different interests at play. The goal is to achieve a balanced outcome that weighs these interests fairly. This approach recognizes that stakeholders have inherent value and should be treated as ends in themselves, rather than being used solely as means to achieve specific ends.

While the Descriptive Approach is effective in addressing immediate concerns, it may not encompass the full range of stakeholders or account for all possible outcomes, resulting in a lower level of comprehensiveness compared to other approaches.

On the other hand, the Prescriptive Approach focuses on connecting stakeholder management with financial outcomes and has the highest level of comprehensiveness. By considering the interests of all stakeholders and their impact on financial performance, this approach aims to develop a comprehensive model that aligns stakeholder management strategies with desired financial outcomes. It recognizes that effective stakeholder management can lead to improved financial results, creating a mutually beneficial relationship. The Prescriptive Approach strives for the most accurate and inclusive model, taking into account a wide range of stakeholders and potential outcomes, making it the most comprehensive approach among the various stakeholder theories.

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(If you can answer this question, please answer it. No one's been answering my questions ): )

Think about price, place, promotion, and product.

Do you see any limitations to using these methods to create a marketing plan? If so what limitations do you foresee?

Answers

Using The 4 P’s to determine limitations is simple. The 4 P’s create limitation as to what you can do when starting a company based on how much money you have to start with. The limitation of price comes from how much it will cost to start your business. How much will it cost financially to own the space you need. Etc. Place, when looking for a place you want to look at the demographics in order to determine if the area you would like to base your company out of would be good for the age range your product targets to, thus what is your target market? Promotion how are you going to go about promoting your product. Depending on the target market and the amount of money you have in the beginning look at what options may be best in order to get your product out there. You may be limited in where you are able to list your product due to expenses in advertising. Product, you may be limited in the way of do you have enough money in order to make the product ? Are you going to be able to profit enough through your sources of advertising (promotion) or your target market (place).
Hope this helps :)

what is the difference between the FBI and the CIA

Answers

FBI. The CIA (Central Intelligence Agency) mostly operates outside the United States to gather intelligence via a network of spies whereas the FBI (Federal Bureau of Investigation) predominantly operates within the U.S. to both gather intelligence as well as tackle federal crimes.

Answer:

The CIA (Central Intelligence Agency) mostly operates outside the United States to gather intelligence via a network of spies whereas the FBI (Federal Bureau of Investigation) predominantly operates within the U.S. to both gather intelligence as well as tackle federal crimes.

Explanation:

________ consist of messages sent via channels that are not owned by the marketers, who pay for using the channels.
A) Paid social media
B) Owned social media
C) Earned social media
D) Covert social media
E) Exclusive social media

Answers

The correct answer C) Earned social media consists of messages sent via channels that are not owned by the marketers, who pay for using the channels.

Earned social media refers to the online conversations, comments, and mentions that are generated by consumers about a brand, product, or service. This type of social media is earned by the brand through positive customer experiences, word-of-mouth recommendations, or viral content that is shared among social networks.

Unlike paid and owned social media, earned social media is not controlled by the brand and is generated by consumers voluntarily sharing their opinions and experiences with others. It can be a powerful form of social media because it is often perceived as more authentic and trustworthy than paid or owned media, and can help to build brand awareness, engagement, and loyalty.

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_______________ is the value of the best alternative given up when a choice is made.

Answers

Answer:

Opportunity costs

Hope it helps!

Navarro Corporation has no debt but can borrow at 6. 6 percent. The firm’s WACC is currently 8. 8 percent and the tax rate is 24 percent.

a. What is the company’s cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. G. , 32. 16. )

b. If the firm converts to 35 percent debt, what will its cost of equity be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. G. , 32. 16. )

c. If the firm converts to 60 percent debt, what will its cost of equity be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. G. , 32. 16. )

d-1. If the firm converts to 35 percent debt, what is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. G. , 32. 16. )

d-2. If the firm converts to 60 percent debt, what is the company’s WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e. G. , 32. 16. )

Answers

a. The company's cost of equity can be calculated as the weighted average cost of capital (WACC) minus the tax rate. The WACC is 8.8% * 0.24 = 2.128, and the tax rate is 24%, so the cost of equity is 2.128 - 2.128 = 0%. So, all parts answer is 0%.

b. If the firm converts to 35% debt, the debt-to-equity ratio will increase from 0 to 0.35, and the WACC will remain the same at 8.8%. Therefore, the cost of equity will remain the same at 0%.

c. If the firm converts to 60% debt, the debt-to-equity ratio will increase to 0.6, and the WACC will increase to 8.8 * 0.24 = 2.192. Therefore, the cost of equity will be 0.2192 - 0.2192 = 0%.

d-1. If the firm converts to 35% debt, the debt-to-equity ratio will increase from 0 to 0.35, and the WACC will remain the same at 8.8%. Therefore, the WACC will be 8.8 * 0.24 = 2.128.

d-2. If the firm converts to 60% debt, the debt-to-equity ratio will increase to 0.6, and the WACC will increase to 8.8 * 0.24 = 2.192. Therefore, the WACC will be 2.192 - 2.192 = 0%.  

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What would it mean to an economy if a PPF were curved instead of straight?

Answers

If the production level is on the curve, the nation can only produce more of one good if it also produces less of another. The economy is not using its resources to their maximum potential if it is producing less than the amounts predicted by the curve.

PPFs are sometimes depicted as economy concave to the origin to represent rising opportunity costs as output of a good increases. As a result, MRT gets bigger overall as one proceeds from the top left to the bottom right of the PPF. However, the way that the trade-offs alter is what causes PPF to curve in that particular direction.

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refer to the accompanying graph. the short-run profit-maximizing output for the monopolistic competitive firm is:

Answers

The short-run profit-maximizing output for the monopolistic competitive firm is Q2.  This economic profit is lower than the economic profit the firm would be able to capture if the market was a monopoly.

This is because at Q2, the firm is producing at the point where total revenue is maximized. At this quantity, marginal revenue is equal to marginal cost, and the firm is not producing any extra units at a loss.

This output level is also profitable for the firm as the price charged for each unit is greater than the average total cost. The firm is thus able to capture some economic profit.

However, this economic profit is lower than the economic profit the firm would be able to capture if the market was a monopoly.

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Brianna focuses on her duty to family and work and bases her actions on the expectations of various groups in her life. At which stage of individual ethics is Brianna?a. Postconventional b. Code of conduct c. Conventional d. Preconventional

Answers

Brianna is at the Postconventional stage of individual ethics if she based her behavior on the demands of her family and job while concentrating on her ethical obligations to both.

According to Kohlberg's paradigm, the ultimate level of morality is when a person has created their own set of values that guide their behavior. This is known as nonconventional morality. Most of the time, people's ethics and morality align with social customs, regulations, and norms, yet Postconventional there can be contradictions between what society considers to be right and wrong. When these conflicts arise, the person should follow their own moral principles, according to postconventional morality.

Before the Civil War, the Northern states provided a good illustration of conventional morality. Even though Northerners did not own slaves, they were nonetheless required to give in any slaves they were aware of in order for the slave to be restored to his or her Southern master.

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Tilde is working on a contract with the external penetration testing consultants. She does not want any executives to receive spear-phishing emails. Which rule of engagement would cover this limitation?

Answers

Answer:

"No-Phishing/Spear-Phishing" rule

Explanation:

The rule of engagement that would cover this limitation is the "No-Phishing/Spear-Phishing" rule. This rule typically prohibits the penetration testing consultants from attempting to phish or spear-phish any executives or employees of the client organization. This is important as it helps to protect sensitive data and prevent any potential security breaches. Tilde should ensure that this rule is clearly outlined and agreed upon by both parties before any testing begins. It is also recommended that she regularly communicates with the penetration testing consultants to ensure that they are adhering to the rules of engagement.

What is the NopPhishing/spear-phishing" rule?

The "No-Phishing/Spear-Phishing" rule refers to the practice of not engaging in or falling victim to email scams that attempt to steal personal or sensitive information. Phishing typically involves a mass email sent to a large group of people, while Spear-Phishing is more targeted and personalized to the recipient. Following this rule means being skeptical of unsolicited emails, avoiding clicking on suspicious links or downloading attachments, and reporting any suspicious activity to the appropriate authorities. Protecting oneself and others from phishing attacks is crucial in preventing identity theft, financial fraud, and other cybersecurity risks.

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Using several sentences, discuss your chosen inventory item and whether or not you feel a 30% trade discount will allow your business to make a profit selling this item. Gibbon wrote two centuries ago that professionalism in amateur sports was one of the early evidences of the decline and fall of the Roman Empire.How does the sentence refine the authors ideas about professional sports?a. by emphasizing that professional sports have existed for many years b. by exaggerating the consequences of focusing too much energy on professional sports c. by highlighting that excellence in sports does not ensure success in other areas of life d. by highlighting the contrast between the amateur and professional sports A certain group of women has a 0.46% rate of red/green color blindness. If a woman is randomly selected, what is the probability that she does not have red/green color blindness? Which of the following is an accurate comparison of Cabinet-level departments and regulatory agencies? Cabinet-Level Departments Regulatory Agencies A Fifteen Cabinet departments, each with a secretary or head that serves on the presidents Cabinet Created and empowered by Congress to monitor particular industries and enforce unique laws B Cabinet secretaries can run their department in their own way and cannot be removed without Senate approval Regulatory agencies are usually larger than departments in both employees and funding C Include the Federal Election Commission and the Securities and Exchange Commission Senior-level agency directors get an automatic seat on the presidents Cabinet D Nine federal organizations that carry out the nations business Are usually within a department and work under the direction of a White House staff member Group of answer choices C A D B TRUE/FALSE. despite minor differences in ritual and contemplative practices, followers of all hindu traditions shared and continue to share the same view on the nature of god School contextSchool is a unique space because it has its own culture, although norms of dominant Americanculture often prevail. Understanding what is considered appropriate at school helps you navigateit more easily. Because schools often bring together people from different cultures, it is helpful tounderstand that people do things differently - but each person's communication style has valueand is a way to connect. While learning new ways to interact with new people, it's smart to followcustoms and norms that feel comfortable to you. At the same time, remember that as long aspeople are respectful, no one way of interacting is better than another.Knowing this is useful for me because.... Following opsonization, the antigen-antibody complexes are cleared from the body when____a. antigen-antibody complex binds to Fc receptors on macrophagesb. Macrophages engulf the Fc receptor bound antigen-antibody complexes through receptor mediated internalizationc. The engulfed antigen-antibody complexes are degraded in the lysosome compartment in the macrophagesd. All the steps described above are involved in clearing the antigen-antibody complex What is market information?please answer in your own words since my teacher will probably notice if I plagerize Ms Li Pang was negotiating the purchase of a house from Foakes. They had agreed on all the main terms but, before signing the contract, Ms Pang enquired of the agent for the vendor whether the house was sewered or not. The agent assured her that it was sewered. He genuinely believed the property was sewered but he was negligent in not making sure. After receiving the assurance, Ms Pang signed the contract. The contract did not mention sewerage. When she took possession of the house Ms Pang discovered that the house was not in fact sewered. She now wishes to sue for breach of contract.(a) Please advise Ms Pang of any rights she may have under the law of contract. Please cite relevant cases in support of your arguments. (6 marks)(b) Assume for part (b) only that there is an exclusion clause in the contract that: excludes the liability of the vendor or its agents for loss or damage resulting from any breach of contract. Ms Pang was unaware of the clause. Advise Ms Pang whether this clause is likely to protect the agent.