Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years, because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $14 per share 10 years from today and will increase the dividend by 5 percent per year thereafter.
Required:
If the required return on this stock is 14 percent, what is the current share price?
Answers
Answer:
we have to divide the money
Explanation:
as it is written its
Related Questions
suppose you transfer $500 from your savings account to your checking account. with this transaction, m1 _____ and m2_____.
Answers
M1 and M2 both decreased and stayed the same.
Which of the following is the BEST example of a consumer product?
O a case of toothbrushes sold to a dentist
Opeanuts to be sold by a vendor at a football game
Oa car bought by a real estate agency for its salespeople to use
O a textbook purchased by a student taking this class
Answers
The BEST example of a consumer product is: a textbook purchased by a student taking this class.
Consumer product can be defined as product that are bought or purchased by an individual or consumer for their own use.
"A textbook purchased by a student taking this class" is the best example of consumer product reason being the student specifically purchased the text book for his or her own personal use.
Example of consumer product is purchasing a shoe for your own use. Hence, based on the information given the student is the final user of the textbook.
Inconclusion the BEST example of a consumer product is: a textbook purchased by a student taking this class.
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Explain the meaning of environmental scanning. Illustrate with examples the
relevance of technological, political, economic, social, and regulatory environments
in the context of marketing strategy. How managers are involved in environmental
scanning?
Answers
Environmental scanning refers to the process of gathering and analyzing information about the external factors that can impact an organization's business environment.
Technological factors include advancements in technology, such as the rise of e-commerce, mobile applications, or automation, which can create new marketing channels or change consumer behaviors.
Political factors encompass government policies, regulations, and political stability that can impact marketing strategies. For example, changes in trade policies or regulations related to data privacy can influence international marketing activities.
Economic factors include economic conditions, such as inflation rates, exchange rates, or consumer purchasing power, which can affect consumer behavior and demand for products or services.
Social factors refer to societal trends, cultural norms, and consumer preferences that can influence marketing strategies. For instance, shifts in consumer values towards sustainability or increased focus on health and wellness can shape product development and advertising campaigns.
Regulatory factors involve laws and regulations that organizations must comply with, such as consumer protection laws or industry-specific regulations. These can impact marketing activities, advertising content, or product labeling.
Managers play a crucial role in environmental scanning. They are responsible for monitoring and analyzing the external environment, identifying relevant trends and potential opportunities, and making informed decisions based on the insights gained.
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What do you need to do if you have a
job and earn a paycheck?
A. put half of your paycheck in the bank
B. file a tax return
C. submit your pay stubs to your local law enforcement
office
D. invest in a 401k
Answers
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Which of the following is not a bankruptcy offence under the Bankruptcy and Insolvency Act?
Running into difficulties and being unable to meet all debt obligations as and when they become due
Destroying records
Falsifying records
Attempting to conceal or hide the existence of assets
Lying when answering questions intended to ascertain the extent of the bankrupt's property
Answers
Destroying records is not a bankruptcy offence under the Bankruptcy and Insolvency Act
What purposes does the Bankruptcy and Insolvency Act serve?The Bankruptcy and Insolvency Act was created to safeguard all parties or stakeholders involved in a bankruptcy or consumer proposal, including the debtor and lenders/creditors.
What is the rule of insolvent bankruptcy?A debtor is considered insolvent, with the exception of what is stated in subsection (c), if the total of their debts exceed the total of their assets as determined by a fair market value. It is assumed that a debtor is insolvent if they routinely fail to pay their obligations as they fall due.
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During the first week of January, an employee works 48 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $25 per hour, and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The tax rate for Social Security is 6.2% of the first $118,500 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7000 of an employee's pay. The employee has $85 in federal income taxes withheld. What is the amount of this employee's gross pay for the first week of January?
a. $1800
b. $1225
c. $1856
d. $1700
e. $1300
Answers
Answer: $1300
Explanation:
Gross pay is the amount of money that an employee will receive before taxes or any other deductions will be made. The amount of this employee's gross pay for the first week of January goes thus:
Salary expense = (40 × $25) + (8 × $25 × 150%)
= $1000 + $300
= $1300
Therefore, the employees gross pay is $1300
Specifically, what is the marginal revenue curve for a competitive firm and how does it differ from that of a monopolist? Remember, as always, to base your answer on your own knowledge, logic, and judgment rather than relying on outside resources.
Answers
Answer:
The competitive firm has MR=P. While monopolist has MR<P.
Explanation:
The marginal revenue curve of a competitive firm is always horizontal and parallel to the x-axis. While the marginal revenue curve of the monopolist is downward sloping from rightwards to leftwards. Moreover, the marginal revenue of a competitive firm is equal to the price. While the marginal revenue of the monopolist is less than the price.
The marginal revenue curve for a competitive firm is a horizontal straight line while that of a monopolist is downward-sloping.
It should be noted that a perfectly competitive firm has a marginal revenue that's equal to its price. This can be depicted as a horizontal straight line.
On the other hand, monopolists have a downward-sloping marginal revenue curve. For the monopolist, marginal revenue is less than price.
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The United States Postal Service (USPS) is in which type of market structure?
A. Pure Competition
B. Monopolistic Competition
C. Oligopoly
D. Pure Monopoly
Answers
Im not sure abt this question but correct me if im wrong i think its pure monopoly
three most difficult responsibility of managing your family
Answers
Answer:
1) to do all the chores
2) to understand and stop family fights
3) to take care of a sick family member
glass co. had net income of $70,000 during the year. Depreciation was $10,000. the following information is available: accounts receivable increase (sale price $100,000) non trade notes payable increased by 50,000, equipment purchases increased by 40,000 account payable increase 30,000. what amount should galss report as net cash provided by investing activities
Answers
Answer:
Net cash from investing activities (40,000)
Explanation:
The investing activities are those that pertain to the purchase and sales of non-current assets and marketable securities.
Example of such includes the sales and purchase of property plant an equipment. Therefore, the only item to be considered here is the purchase of equipment.
$
Investing activities
Equipment purchase (40,000)
Net cash from investing activities (40,000)
Question Content Area
Journalize the entries to record the following selected transactions:
a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510.
b. Paid $436 to the state sales tax department for taxes collected.
If an amount box does not require an entry, leave it blank.
a.
- Select -
- Select -
blank
- Select -
- Select -
- Select -
- Select -
b.
Answers
When the final sale in the supply chain is made, the retailer is responsible for collecting sales tax. The required journalized entries for the selected transactions involving sales tax are attached below.
The state levies a consumption tax, the so-called sales tax, on the purchase of goods and services. A standard sales tax is collected at the point of sale, collected at the store and remitted to the government.
Depending on the regulations in that country, a business may be responsible for sales taxes in that jurisdiction if it has a presence there, which can be a physical site, an employee, or an associate. The calculation of sales tax for (a) is:
Sales Tax Payable = Amount of sales× Sales Tax
= $900 × 7%
= $63
Therefore, all the selected transactions are explained with the help of the journal entries.
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Your question is incomplete, but most probably the full question was,
Question Content Area
Journalize the entries to record the following selected transactions:
a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510.
b. Paid $436 to the state sales tax department for taxes collected.
If an amount box does not require an entry, leave it blank.
a.
- Select -
- Select -
blank
- Select -
- Select -
- Select -
- Select -
b.
- Select -
- Select -
blank
When you include the purchase price and the interest, how much does the TV cost you in total?
Answers
The amount that the television would cost in total, given the interest and the purchase price, is $ 75.
How to find the total cost ?The total cost of the television can be found by adding up the various costs involved in acquiring the television. This includes the interest, the purchase price, and the cost of the television.
The interest is stated to be the sum of $ 10.
The purchase price is stated to be the some of $ 25.
The initial cost is stated to be $ 40.
The total cost of the television would therefore be :
= Total interest + Purchase price + Initial cost
= 10 + 25 + 40
= 35 + 40
= $ 75
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Full question is:
When you include the purchase price and the interest, how much does the TV cost you in total? Initially the cost was $40, interest is $ 10, and purchase price is $25.
Dividends Per Share Oceanic Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $10 par common stock. The distributed as dividends: $90,000 18,000 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an an Preferred Stock (dividends per share) 20Y1 20Y2 20Y3 20Y1 Common Stock (dividends per share)
Answers
Preferred stockholders stock is a type of preferred stock having a condition that says that if any dividend income have been missed in the past, the dividends owed shall be paid out to cumulative preferred owners first.
What are stockholders?Someone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its shareholders, who also have specific rights and obligations.
Under this ownership structure, they can benefit from a company's success. These benefits take the shape of rising stock prices or dividend payments from financial gains.
In contrast, when a corporation experiences a loss, the share price inevitably falls, which may result in financial losses for shareholders or portfolio reductions.
Shareholders also enjoy specific rights such as voting at shareholder meetings to approve the board directors of directors, dividend distributions, or mergers.
Annual Preferred Dividends = 10,000 shares x 3% x $150 per share
Annual Preferred Dividends = $45,000
Year 1- Preferred Stock = $4.50, Common stock = $0.45
Year 2- Preferred Stock = $1.80, Common stock = $0
Year 3- Preferred Stock = $7.20, Common stock = $1.26
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Which of the following survey response methods is the most difficult for researchers to code for evaluation:
Answers
Answer:
No options are given, but the most commonly used survey response methods are:
Multiple choice questions = generally easy to codeRating scale questions = also easy to code, since response scales have a finite number of choices, e.g. 2 true/false, 3 agree/disagree/undecided, 5 very bad/bad/fair/good/excellent Matrix questions. = are a little bit more complex since they involve several rating scale questions, but it is not something difficult eitherDropdown questions. = similar to multiple choice questionsOpen-ended questions. = this are hard to code since each subject can respond different things, e.g. the thing that I like the most about this project is bla, bla, bla. There are no pre-set answers given to the subjects. THIS TYPE IS THE MOST DIFFICULT TO CODE.Demographic questions = similar to multiple choiceRanking questions = similar to scaled questionsIt is ____________ to miss a job opportunity because you are a minority worker.
Answers
Reverse discrimination
When a person is denied an opportunitity because of preferences given to protected-class individuals who may be less qualified.
Which of the following is true?
A. None of the above is true.
B. Free trade areas and customs unions do not conflict with either the most- favoured-nation or national treatment principles of the GATT. C .Free trade areas and customs unions are a violation of the most-favoured-nation principle, but were permitted by the contracting parties to the GATT so long as they created trade.
D. Free trade areas and customs unions are a violation of the national treatment principle, but were permitted by the contracting parties to the GATT so long as they created trade.
Answers
Answer:
C.
Explanation:
In the context of the General Agreement on Tariffs and Trade (GATT), free trade areas and customs unions were seen as exceptions to the most-favored-nation (MFN) principle, which states that countries should not discriminate between their trading partners. Free trade areas and customs unions involve preferential treatment among member countries, which goes against the MFN principle.
However, the contracting parties to the GATT allowed for the creation of free trade areas and customs unions as long as they promoted trade and economic integration among member countries. These exceptions were made in recognition of the potential benefits that such arrangements could bring.
Therefore, option C accurately describes the stance on free trade areas and customs unions in relation to the GATT.
Which of the following line items appear on an income statement?
O Inventory
O Revenues
O Accounts Receivable
O Salaries and Wages Payable
Answers
Revenues appear on an Income statement.
The income statement, which is often referred to as the profit and loss statement (P&L) or the statement of revenue and expense, primarily focuses on the company's revenue and expenses for a specific time period. Understanding how to study an income statement is the greatest approach to evaluating a business and choosing whether or not to invest. Total income is the sum of operating and non-operating income, and total expenses are the costs associated with both primary and auxiliary operations. Receipts are not revenue. Earned revenue is shown on the income statement. Cash receipts (cash paid in or received) are not.
An income statement offers useful information about a company's operations, managerial effectiveness, underperforming industries, and performance in comparison to competitors.
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Why do young workers, just starting their careers, tend to get pay raises that are greater than increases in the cost of living (inflation)?
Answers
Young workers who are just starting their careers often experience pay raises that are greater than increases in the cost of living due to several factors:
Skill acquisition: Young workers typically have limited experience and skills when they start their careers. As they gain knowledge, expertise, and proficiency in their roles, their value to employers increases. Employers recognize this growth and provide pay raises to retain and motivate these employees.
Career advancement: Young workers often have the potential for rapid career advancement. They may start in entry-level positions but have opportunities to climb the career ladder relatively quickly. With each promotion or job change, there is an expectation of increased responsibility and higher compensation.
Market demand for skills: Certain industries or professions may experience high demand for young workers with specific skills or qualifications. When there is a shortage of talent in a particular field, employers may offer higher pay to attract and retain young professionals.
Competitive job market: In a competitive job market, employers may need to offer higher wages to attract and retain young talent. With multiple job opportunities available, young workers have more leverage to negotiate better compensation packages.
Future potential and investment: Employers often view young workers as long-term investments. They recognize the potential for these individuals to become valuable assets to the company in the future. By offering higher pay raises, employers aim to motivate and retain young talent, fostering loyalty and commitment.
It's important to note that not all young workers experience pay raises greater than inflation. Economic conditions, industry-specific factors, and individual performance can influence the extent of pay raises. Additionally, pay raises that exceed inflation may be more prevalent for high-demand industries or specialized roles.
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1 typewritten reviews of a Business Management, or Marketing
Article of the students choosing that appeared in the required Online
readings, You may also select articles from the New York Times.
The articles due on the assign due date. The News Article Review must
be printed out and attached to the student’s Typewritten review in Pdf.
The review must summarize the article in the student’s own words and
discuss how the subject matter of the News Article Review relates to
topics covered in the course.
THE ARTICLE SHOULD NOT BE
MORE THAN 14 DAYS OLD AND MUST BE RETRIVED FROM A
BUSINESS, OR MARKETING JOURNAL PUBLICATION
Answers
Explanation:
Title: "Digital Marketing Strategies for Small Businesses: A Case Study"
Article Source: Harvard Business Review
Summary:
The article "Digital Marketing Strategies for Small Businesses: A Case Study" discusses how small businesses can effectively utilize digital marketing strategies to compete in today's highly competitive business landscape. The case study presented in the article focuses on a small boutique clothing store that implemented various digital marketing tactics to increase their online visibility and drive more sales.
The article highlights the importance of having a strong online presence for small businesses, as consumers increasingly rely on digital channels to discover and purchase products and services. The case study outlines the steps taken by the boutique store, including optimizing their website for search engines, creating engaging social media content, and implementing email marketing campaigns to engage with customers.
The article also emphasizes the need for small businesses to adapt their digital marketing strategies based on changing consumer behaviors and market trends. For example, the boutique store in the case study shifted their focus to social media advertising when they noticed that their target audience was spending more time on social media platforms.
Relation to Course Topics:
The article aligns with several topics covered in the Business Management or Marketing course. It highlights the importance of digital marketing for small businesses and the need to adapt strategies to changing consumer behaviors, which are key concepts in modern marketing. The case study also provides practical examples of how small businesses can implement digital marketing tactics, such as search engine optimization, social media marketing, and email marketing, which are commonly covered in marketing courses.
The article also emphasizes the significance of understanding consumer behavior and market trends, which are important considerations in business management. It underscores the need for small businesses to continually assess and adjust their marketing strategies to remain competitive in the ever-evolving digital landscape.
Overall, the article provides a relevant and practical case study that showcases the application of digital marketing strategies for small businesses, making it a valuable resource for students studying business management or marketing.
Review:
The "Digital Marketing Strategies for Small Businesses: A Case Study" article is a well-written and informative piece that provides practical insights into how small businesses can effectively leverage digital marketing strategies. The case study presented in the article is relevant and relatable, making it easy to understand the challenges faced by small businesses in the digital marketing realm.
The article is concise, yet comprehensive, covering key concepts such as search engine optimization, social media marketing, and email marketing in a clear and understandable manner. The use of a real-life case study adds credibility and practicality to the article, making it more engaging for readers.
The author's writing style is engaging and easy to follow, with a good balance of theoretical concepts and practical examples. The article is well-structured, with clear headings and subheadings that make it easy to navigate and locate specific information.
One potential improvement could be the inclusion of more recent data or statistics to support the author's points and provide additional evidence of the effectiveness of the digital marketing strategies discussed. However, overall, the article is a valuable resource for students studying business management or marketing, as it provides relevant and practical insights into how small businesses can navigate the digital marketing landscape to achieve their business goals.
In conclusion, the "Digital Marketing Strategies for Small Businesses: A Case Study" article is a recommended read for students studying business management or marketing. It offers valuable insights into the challenges and opportunities of digital marketing for small businesses and provides practical examples that can be applied in real-world business settings. The article's alignment with course topics and its clear and engaging writing style make it a useful resource for students looking to deepen their understanding of digital marketing strategies.
You have been appointed as a manager at XTZ company. Your style of leading is an Autocratic style. this is a style where you take strict controls and actions over all management activities. the old culture that was present at XTZ company was very flexible due to the nature of old manager and all employees are now resisting to adjust to the new manager.Explain how are you going to solve this matter as a manager
Answers
It's important for the manager to change his leadership style in order to lead the workforce.
Who is a manager?It should be noted that a manager simply means an individual who leads a team to achieve a common goal.
In this case, it's important for the manager to change his leadership style in order to lead the workforce. This is needed to being about unity and promote growth.
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You are buying a new Porsche Boxter, priced at $65,200. You will pay $4,700 now and the rest monthly, in a four-year loan. All rates are monthly compounded APRs. The automobile dealership is offering a sales promotion where either:
You will receive a $2,000 discount cheque now and the annual interest rate on the loan is 6.1%, or
The annual interest rate on the loan will be 1.2% but there is no discount.
Compare the two options by calculating the present value of each option, assuming the discount rate is 8%.
Answers
You are buying a new Porsche Boxter, priced at $65,200.--------------.
Total PV of option 1 is $55,211.85
Total PV of option 2 is$57,645.32
So, according to the calculation of present value with a discount rate of 8%, option 1 is the better option, with a total PV of $55,211.85 compared to option 2's total PV of $57,645.32.
What is price?Price is the amount of money or value that is assigned to a particular product, service, or commodity. It is the exchange value of a good or service in the market, representing the amount of money that a buyer is willing to pay to acquire it, and the amount of money that a seller is willing to accept in exchange for it.
Prices are determined by various factors, such as supply and demand, production costs, competition, market trends, and other economic and social factors.
In the above case, the price of the new Porsche Boxter is $65,200.
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The ____ major responsibility for keeping all dishes and utensils sanitary
Answers
The complete statement is "The food handler's major responsibility for keeping all dishes and utensils sanitary"
Who is a food handler?Generally, A person is considered to be a food handler if they directly touch food, whether it be packaged or unpackaged, as well as the apparatus and utensils used to make or serve food, and/or the surfaces where food is prepared or served.
In conclusion, The whole statement reads as follows: "The food handler has the primary responsibility for maintaining the cleanliness of all dishes and utensils."
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Discusses the effective and ethical use of graphics. Write at least two paragraphs explaining this section. Include specific examples.
Answers
Many accept morals for graphicsought to be founded on help, and that aiding others is something to be thankful for to do. With information and admittance to devices that can coordinate individuals' considerations and activities.
Design ethics assist with deciding elements that should be in items and administrations or highlights that should not be. Plan morals help with surveying the moral importance or moral worth of the items that outcome from the action of planning. For example, Signal is a solid telephone and courier application explicitly intended to safeguard its client's security.
The best ethical design practice is foster plans that mainly gather individual data that is to the greatest advantage of the clients.
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1. Bob bought a $135,000 term life insurance policy. He is 35 years old and does not smoke. Find
his annual premium
Answers
Based on then information given his annual premium is $175,50.
Annual premiumSince he bought a life insurance policy of the amount of $135,000 his annual premium can be calculated as:
Annual premium per $1000 of coverage for a 35-year old = 1.30
Annual premium=Life insurance policy/1,000 ×1.30
Where:
Life insurance policy=$135,000
Let plug in the formula
Annual premium=$135,000/1,000×1.30
Annual premium= $175.50
Inconclusion his annual premium is $175,50.
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QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answers
Answer:
rat
Explanation:
When coverage is provided under the Additional Coverages of Section II of a Homeowners policy, payments are
Answers
Under section 2 of additional coverages of Homeowners policy, the payments provided are
Claim expensesFirst aid expensesDamage coverageLoss assessment chargesLiability for damage to third personDamage to property of others ( $1000)Section II (liability coverage) of a homeowners insurance policy provides protection under three coverages.
Coverage E (Personal Liability) coverage in the event that a claim is launched against the insured for physical injury or property damage caused by the insured's acts or inactions.
It deals with numerous fees and coverages that people must pay.
Therefore, w hen coverage is provided under the Additional Coverages of Section II of a Homeowners policy, payments that are made is explained.
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Dori is 58 years old and retired in 2019. She receives a pension of $25,000 a year and no other income. She wishes to put the maximum allowed into an IRA. How much can she contribute to her IRA?
Answers
Answer:
$7,000 per year
Explanation:
Since Dori is over 50 years old, she can contribute up to $7,000 per year to her IRA or Roth IRA account. If she was a little younger, less than 50 years old, her maximum contribution would have been $6,000 per year.
The IRS sets the maximum contribution limits that anyone can contribute to an IRA account, and that limit was set for 2019 and continues to be valid.
Analyze the significance of these three matrices for Chipotle regarding their relevance for strategic planning. Include a description of the key information for each of the three matrices.
Discuss how the information from your analysis will influence your recommendations for strategy selection, planning, and implementation.
Answers
One common type of the matrix used in strategic planning is the SWOT analysis.
What is strategic planning?Strategic planning is a process of defining an organization's long-term goals and objectives, and then developing a plan of action to achieve them. It involves analyzing the current state of the organization, identifying strengths, weaknesses, opportunities, and threats, and setting priorities and objectives for the future. The process typically involves gathering input from stakeholders, conducting research and analysis, setting strategic objectives, developing action plans, and monitoring progress over time. The ultimate goal of strategic planning is to align an organization's resources, capabilities, and activities with its long-term goals and objectives. This helps to ensure that the organization is well-positioned to respond to changes in its environment and to achieve sustained success over time.
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Robyn was a lawyer for the Department of State who has been disbarred for ethical lapses including dishonesty and interfering with investigations.
After losing his license to practice law, he was fired from the State Department. What MOST likely must Robyn do now?
A. Appeal his case to the American Bar Association.
B. Find a new career outside the legal profession.
C. Wait a year and reapply for his license.
D. Take his case to an appeals court.
Answers
The most likely thing for Robyn to do is B. Find a new career outside the legal profession.
Why does Robyn need to leave the legal profession ?Since he has lost his license to practice law, he would not be able to continue working as a lawyer or in any other legal capacity. In addition, his firing from the State Department would likely make it difficult for him to find employment in a related government agency.
Therefore, the most realistic option for Robyn would be to seek employment in a different field or industry. Appealing his case to the American Bar Association or taking his case to an appeals court would likely not be fruitful options, as his disbarment and firing from the State Department suggest that his ethical lapses were significant and serious.
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