Answer:
True
Explanation:
Name the type and number of directors in spar and shoprite and what their responsibilities are/should be
The organizations such as spar and shoprite would have different types of directors. These directors are:
Executive Directors:Non-Executive DirectorsThe responsibility of directorsThe number of directors can vary widely depending on the specific company and its needs. However, it's common for large public companies to have somewhere between 7 and 15 directors, but the number can be larger or smaller.
Duty of Care: Directors must make decisions with due diligence and care, using their best judgement.
Duty of Loyalty: Directors must act in the best interests of the company and its shareholders, not for their personal gain.
Strategic Oversight: Directors approve the company's strategic plans and monitor their implementation.
Financial Oversight: Directors monitor the company's financial health and ensure the accuracy of financial reporting.
Risk Management: Directors are responsible for understanding and monitoring the major risks facing the company.
Governance: Directors establish the company's governance structures and practices, and they select, evaluate, and if necessary replace the CEO.
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The bid price is $0.64 for the Canadian dollar and the ask price is $0.68 for the Canadian dollar. What is the bid-ask spread for the Canadian dollar?
O a. 6.25%
O b. 8.75%
O c. 5.25%
O d. 6.77%
O e. 7.77%
Answer:
Explanation:
The way this is normally done is to take the difference between the bid price and the ask price and divide by the ask price. That answer is not listed. What is listed is the difference divided by the bid price which is (.68 -.64)/.64 That gives 0.0625. To get a % multiply by 100..That gives 6.25% which is A.
So that is the best I can do for you.. Done the way I first suggested gives 5.88% which isn't there.
Mannarelli Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of September appear below: According to the company's records, the conversion cost in beginning work in process inventory was $15,660 at the beginning of September. Additional conversion costs of $526,524 were incurred in the department during the month. The cost per equivalent unit for conversion costs for September is closest to: (Round off to three decimal places.)
Answer:
$ 5.34
Explanation:
Calculation for cost per equivalent unit for conversion costs for September
First step is to find the Equivalent units of production
To complete beginning work-in-process:
Conversion 12,000
[15,000 units × (100%-20% )]
Units started and completed 65,000
(89,000-24,000)
Ending work-in-process
Conversion 21,600
(24,000 units × 90%)
Equivalent units of production 98,600
Second step is to calculate the Cost per equivalent unit using this formula
Cost per equivalent unit =Cost added during the period ÷Equivalent units of production
Let plug in the formula
Cost per equivalent unit = $526,524÷98,600
Cost per equivalent unit = $5.34
Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34
Answer:
Explanation: please give me answers
Please identify one problems from product markets and explain it solutions in business environment
Answer:
invisibility or stagnation, the solution to stagnation is making sure there is always a challenge in the job, if you choose to accept stagnation then you might turn into the blockbuster and netflix situation, if you want more info on it look up blockbuster and netflix.
Explanation:
Hi, i need help for this assignment from "Essentials of Investments", can you help me? I have to deliver by midnight!! URGENT
60% of the client's investment should be in the risky portfolio and 40% should be in T-bills.
What is the portfolio?
a. To find the proportion y, we can use the following formula:
0.17 = y(0.18) + (1-y)(0.055)
where y is the proportion of the investment in the risky portfolio.
Simplifying and solving for y, we get:
y = (0.17 - 0.055) / (0.18 - 0.055) = 0.60 or 60%
Therefore, 60% of the client's investment should be in the risky portfolio and 40% should be in T-bills.
b. To find the investment proportions in each security, we can multiply the overall investment proportions by the proportion invested in the risky portfolio.
Investment in T-bills: 40%
Investment in Stock A: 0.32 x 0.60 = 0.192 or 19.2%
Investment in Stock B: 0.36 x 0.60 = 0.216 or 21.6%
Investment in Stock C: 0.32 x 0.60 = 0.192 or 19.2%
Therefore, the client's investment proportions in the three stocks and in T-bills are:
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Assume that you manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 34%. The T-bill rate is 5.5%.
Your risky portfolio includes the following investments in the given proportions:
Stock A 32%
Stock B 36 %
Stock C 32%
Your client decides to invest in your risky portfolio a proportion (y) of his total investment budget with the remainder in a T-bill money market fund so that his overall portfolio will have an expected rate of return of 17%.
Required:
a. What is the proportion y? (Round your answer to 1 decimal place.)
Proportion y ---------------%
b. What are your client's investment proportions in your three stocks and in T-bills? (Round your intermediate calculations and final answers to 2 decimal places.)
Security Investment Proportions
T-Bills --- ----%
Stock A-----------%
Stock B-----------%
Stock C--------%
operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Bailey owns a game named Max. Max went viral last year when she posted a meme of him known as “Max the Boss Dog”. bailey thought it would be a great idea to license the meme. Now every time the meme is shared, she receives $0.16 in coins . If the Max meme was shared 88 times last week, how much money did bailey earn in coins?
Which of the following is considered the more industrial version of hunting?
A: Trapping
B: Cornering
C: Reaping
i believe it's A. Trapping
At the close of the meeting, the secretary of the council asked for agenda items for next month, and said, “We currently have the following items on the agenda: the greenbelt, town history, and tax revenue.”
She looked at Tony and quipped, “Should I put you down for next month, Tony? We figured you might have a new career in public speaking.” The audience laughed as Tony shook his head and said, “I think I’ll stick to dentistry for now.”
The type of speech a speaker prepares is determined by the purpose, audience, context, and topic of the speech.
Which of the following is an informative speech topic?
An argument for protecting the town greenbelt for future generations
An explanation of how the town's founding fathers' policies shaped the characteristics of the town
A debate about how to use the town's yearly tax revenue
A humorous "roast" of the town manager who is approaching retirement
An example of an informative speech topic is an explanation of how the town's founding fathers' policies influenced the characteristics of the town.
A description of how the town's founders' policies shaped the characteristics of the town is an illustration of an instructive speech topic. The purpose of an informative speech is to inform or teach the audience about a certain issue. This topic contains information on the history of the town and how it has been shaped by prior policies. The other options, a defense of the town's greenbelt, a discussion of how to spend the town's annual tax revenue, and a lighter "roast" of the departing town manager, are examples of powerful, thoughtful, and humorous speeches, respectively.
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Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
5. John has two ATM transactions but only one of them has a fee (Interac). Why? ____________
Some of the reasons may be different ATM networks, Transaction details, different ATM cards, etc.
There can be several reasons why one of John's ATM transactions doesn't have a fee (Interac) while the other one does. A few of them are here:
Usage of Different ATM Networks: The two transactions might have been conducted using different ATM networks, hence why there was a fee for one and not for the other. Transaction details: The two ATM transactions might have been different or one might have crossed a limit and hence the charge. Usage of Different ATM cards: John might have used two different ATM cards, hence that's why he was charged a fee for one and not the other.Learn more about ATM transactions here:
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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
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.
List which parts of the website a user doesn't like
Answer:
what website?
Arlene purchased a used vehicle that depreciates under a straight-line
method. The initial value of the car is $4000, and the salvage value is $400, If
the car is expected to have a useful life of another 6 years, how much will it
be worth in 2 years?
A. $600
B. $2800
C. $1000
D. $3200
SUBMIT
If the initial value of the car is $4000, and the salvage value is $400, If the car is expected to have a useful life of another 6 years, the amount it will be worth in 2 years is: A. $600.
DepreciationUsing this formula
Depreciation= Initial value - Salvage value / Useful life
Let plug in the formula
Depreciation=$4,000- $4,000 / 6 years
Depreciation = $3,600 /6 years
Depreciation = $600
Therefore If the initial value of the car is $4000, and the salvage value is $400, If the car is expected to have a useful life of another 6 years, the amount it will be worth in 2 years is: A. $600.
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Answer:
2800
Explanation:
:O
_______ and _______ refers to the strategy whereby a firm makes or collects payments early or late depending on anticipated currency movements so that they have the most favorable impact for the company.
Hedging and Arbitrage refers to the strategy whereby a firm makes or collects payments early or late depending on anticipated currency movements so that they have the most favorable impact for the company.
Hedging and arbitrage are two important strategies used by companies to minimize the risk of currency fluctuations and maximize their profits. Hedging is a strategy used by companies to protect against currency fluctuations. It involves setting up a transaction that offsets the losses that could occur due to a currency fluctuation. For example, a company may purchase a forward contract to buy a certain currency at a future date, at a predetermined exchange rate. This locks in the exchange rate and protects the company from any losses that may occur due to a decrease in the value of the currency. Hedging is often used by companies that are exposed to currency fluctuations due to their global operations, such as multinational companies.
Arbitrage is a strategy used by companies to take advantage of currency fluctuations. It involves buying and selling currencies at different rates to make a profit. For example, a company may purchase a currency in one market at a lower rate and then sell it in another market at a higher rate. This allows the company to take advantage of price differences and make a profit. Companies may also use arbitrage to speculate on the future direction of a currency’s exchange rate.
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Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
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What is the most important thing to remember when writing a draft (apex)
A. Use the spelling and grammar checks
B. Write quickly without over thinking
C. Write in phrases, not in sentences
D. Look for mistakes in subject-verb agreement
Answer:
B. Write quickly without over thinking
Explanation:
(APEX)
just took the quiz
Write quickly without over thinking is the most important thing to remember when writing a draft.
Thus, the correct option is B.
What is a draft?An initial version of a piece of writing or written document that is frequently reviewed before verification is referred to as a "draft."
A written order of payment from one party (the drawer) to another (the drawee) instructing them to pay a specific amount to a third party (the payee) on or before a specific date is an example.
You can rethink and rewrite your thoughts after you draft them by putting them on paper. You will be able to determine where further information and supporting proof are needed by doing this.
It will also help you determine whether the concepts you are providing appear logical and whether your argument is clear.
The full paper will be sent along with the final draft. Your writing ought to appear polished by the time you complete the final draft. Grammar and spelling mistakes, fragmented sentences, weak or nonexistent paragraph transitions, and other first draft flaws should all be eliminated.
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A farmer has developed a new type of fertilizer. This new fertilizer costs 20
percent more to produce than the old fertilizer but has better results: The
same land now produces 25 percent more crops each year.
Which statement best describes one way the farm will be affected by using
this new fertilizer?
A. The farm's opportunity cost for using fertilizer will increase.
O B. The farm's marginal cost for fertilizer will decrease.
O C. The farm's opportunity cost for using fertilizer will degrease.
O D. The farm's marginal cost for fertilizer will increase.
Answer: The statement which best describes one way the farm will be affected by using this new fertilizer is:
A. Marginal benefits will increase for each harvest.
Based on the given text, we can see that there is the development of a new type of fertilizer which was made by a farmer and there is a difference in cost which would have an effect.
With this in mind, we can see that because it costs 20% more to produce and has better results, then the effect this would have is that the marginal benefits would increase for each harvest.
Therefore, the correct answer is option A
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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?
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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________is the interest that the bank pays you on the principal plus on the_________ that you earned the preceding year.
Answer:
Compound interest; interest.
Explanation:
Compound interest can be defined as the interest that the bank pays you on the principal plus on the interest that you earned the preceding year. Thus, it is simply calculated by adding an interest to the initial principal i.e compounding the interest rather than withdrawal.
Mathematically, compound interest is given by the formula;
\( A = P(1 + \frac{r}{n})^{nt}\)
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Answer:
its compound interest and interest
The following trial balance relate to Lubuto company at 31 March 2022
K’000 K’000
Plant and Equipment at cost (iii) 155,500
Accumulated amortisation/ depreciation at 1 April 2021
Right of use asset 25,000
Plant and Equipment 43,500
Right of use – leased property at cost 100,000
Bank interest 900
Administration expenses 36,800
Distribution costs 33,500
Cost of sales 290,600
Loan note interest and dividends paid (notes(iv) and(v) 13,380
Revenue 490,000
Inventories at 31st March 2022 61,000
Trade received 63,000
Trade payables 32,200
Bank 5,500
Equity shares of 25ngwee each (notes ii) 56,000
Share premium 25,000
Retained earnings at 1 April 2021 26,080
5% convertible loan note (note iv) 50,000
Current tax note (vi) 3,200
Deferred tax (note (vi) 4,600
757,880 757,880
The following notes are relevant:
(i) Revenue includes and amount of K20 million for cash sales made through Lubuto
co’s retail outlets during the year on behalf of francis. lubuto Co, acting as agent, is
entitled to a commission of 10% of the selling price of these goods. By 31st March
2022, Lubuto Co had remitted to Francis K15million ( of the K20 million sales) and
recorded this amount in cost of sales
(ii) On 1st August 2021, Lubuto Co made a fully subscribed rights issue of equity share
capital based on two new shares at 60 ngwee each for every five shares held. The
issue has been fully recorded in the trial balance figures.
(iii) Plant and equipment is depreciated at 12.5% per annum on the reducing balance
basis. Leased property was purchased 20yrs ago and depreciation is charged on
straight line. All amortisation and depreciation of non-current assets is charged to cost
of sales.
(iv) On 1 April 2021, Lubuto co issued a 5% K50 million convertible loan note at par.
Interest is payable annually in arears on 31 March each year. The loan note is
redeemable at par or convertible into equity shares at the option of the loan note
holders on 31 March 2024. The interest on an equivalent loan note without the
conversion rights would be 8% per annum. The present values of K1 received at the
end of each year, based on discount rates of 5% and 8% are:
5% 8%
End of year 1 0.95 0.93
2 0.91 0.86
3 0.86 0.79
(v) An equity dividend of 4ngwee per share was paid on 30 May 2021 and, after the
rights issue, a further dividend of 2 ngwee per share was paid on30th November 2021.
(vi) The balance on current tax represent represents the under/over provision of the tax
liability for the year ended 31st March 2021. A provision of K28 million is required
for current tax for the year ended 31st March 2022 and at this date the deferred tax
liability was assessed at K8.3 million.
Required
(a) Prepare the statement of profit or loss for Lubuto for the year ended 31st March 2022.
(12marks)
(b) Prepare the statement of financial position for; Lubuto for the year ended 31 March 2022,
Statement of profit or loss for Lubuto for the year ended 31st March 2022:
Revenue K490,000
Less: Commission to Francis (1.5M) [Note (i)]
Net revenue 488,500
Cost of sales 306,100
Opening inventory 75,000
Add: Purchases 290,600
Less: Closing inventory (61,000)
Gross profit 182,400
:
Administration expenses (36,800)
Distribution costs (33,500)
Depreciation - Plant and Equipment (21,719) [Note (iii)]
Depreciation - Right of use asset (5,000)
Amortisation - Right of use - leased property (14,500)
Bank interest (900)
Loan note interest and dividends paid (13,380) [Note (iv)]
Profit before tax 57,601
How to explain the statement of financial positionStatement of financial position for Lubuto for the year ended 31st March 2022:
Explanation:
Non-current assets:
Plant and equipment at cost 155,500
Less: Accumulated depreciation (43,500)
Net plant and equipment 112,000
Right of use asset 20,000 [Note (iii)]
Right of use - leased property at cost 100,000
Less: Accumulated amortisation (14,500)
Net right of use - leased property 85,500
5% convertible loan note 50,000 [Note (iv)]
Total non-current assets 267,000
Current assets:
Inventories 61,000
Trade receivables 63,000
Bank 5,500
Total current assets 129,500
Total assets 396,500
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The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical components. Management wants to determine how many units of each product to produce so as to maximize profit. For each unit of product 1, 1 unit of frame parts and 2 units of electrical components are required. For each unit of product 2, 3 units of frame parts and 2 units of electrical components are required. The company has 200 units of frame parts and 300 units of electrical components. Each unit of product 1 gives a profit of $1, and each unit of product 2, up to 60 units, gives a profit of $2. Any excess over 60 units of product 2 brings no profit, so such an excess has been ruled out.
Explanation:
I hope it helps I did it in power point presentation
Online recommendation engines typically are based on
Answer:
An online recommendation engine is a set of software algorithms that uses past user data and similar content data to make recommendations for a specific user profile. An online recommendation engine is a set of search engines that uses competitive filtering to determine what content multiple similar users might like.
Explanation:
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows a $20,361 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,850 Outstanding checks 945 Additionally, a $37 check written and recorded by the company was incorrectly recorded by the bank as a $73 deduction. The adjusted cash balance per the bank records should be:
Answer:
Bank Statement Balance = $20361
Deposit In Transit. = $1850
Outstanding Checks. = $945
Additional Check. = $73-$36
Adjusted Cash Balance. = $23193
An employee's decision to leave his or her job by choice when the business is
shrinking its workforce, in exchange for a cash payment and year of health
insurance would be an example of.
OA. outsourcing
B. voluntary termination
OC. restructuring
D. reduced work hours.
SUBMIT
Offboarding is the method that leads to the formal separation between an employee and a employer via resignation, termination, or retirement.
It encompasses all the selections and tactics that take area when an worker leaves.
This may also include: Transferring that employee's job responsibilities
What takes place when a organization downsizes?Downsizing is the everlasting reduction of a company's labor force by way of disposing of unproductive employees or divisions.
While it is normally carried out at some point of instances of stress and a decline in revenues, downsizing can also be used to create leaner and extra efficient businesses.
What is employee displacement?Displaced workers are defined as people 20 years of age and over who record that they lost or left jobs due to the fact their plant or organization closed or moved, there used to be insufficient work for them to do, or their function or shift was once abolished.
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Answer:it’s b
Explanation:B. voluntary termination
QUESTION 4 of 10: Venture capitalists often seek a return of 10 times their investment in 7 years. Approximately what is this compound
annual rate of return?
ОООО
a) 39%
b) 43%
c) 57%
d) 65%
Submit
C2021 Knowledge Matters, Inc.
Due Date: Mar 17, 2021 at 7:00 pm EUT
Answer:
A
Explanation:
The compound rate of the return annually will be 39%. Then the correct option is A.
What is compound interest?A loan or deposit's interest is computed using the starting principle and the interest payments from the ago decade as compound interest.
We know that the compound interest is given as
A = P(1 + r)ⁿ
Where A is the amount, P is the initial amount, r is the rate of interest, and n is the number of years.
Venture capitalists often seek a return of 10 times their investment in 7 years. Then the equation is given as,
10 = (1 + r)⁷
Simplify the equation, then we have
10 = (1 + r)⁷
log 10 = 7 log(1 + r)
log (1 + r) = 1 / 7
1 + r = 1.3895
r ≈ 0.39
r = 39%
The compound rate of the return annually will be 39%. Then the correct option is A.
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Limited liability is an advantage of what form of business ownership?
Question 16 options:
A)
Sole proprietorship
B)
Franchise
C)
Partnership
D)
Corporation
Answer:
d
Explanation:
Answer:
Corporation
Explanation:
Question 6 of 10
What is the difference between a negligence case and an intentional tort?
A. There is no intent to do harm in a negligence case.
B. No actual harm need be done in a negligence case.
C. The burden of proof is much lower in an intentional tort case.
D. Special damages cannot be awarded in intentional tort cases.
SUBMIT
In a negligence case, there is no intent to do harm, but rather a failure to exercise reasonable care that results in harm to another person or property. Option B
In contrast, in an intentional tort, the defendant intends to cause harm to the plaintiff, whether through physical harm or damage to property.
Another key difference is that in a negligence case, actual harm must be done to the plaintiff for a claim to be made. This harm can be physical, emotional, or financial in nature. However, in an intentional tort case, the intent to cause harm is enough for a claim to be made, regardless of whether actual harm was done.
The burden of proof is also different in an intentional tort case compared to a negligence case. In an intentional tort case, the burden of proof is higher as the plaintiff must prove that the defendant acted with intent. In a negligence case, the burden of proof is lower as the plaintiff only needs to prove that the defendant failed to exercise reasonable care.
Finally, special damages cannot be awarded in intentional tort cases, unlike in negligence cases where special damages can be awarded for financial losses that result from the harm caused. Instead, intentional tort cases typically result in punitive damages, which are intended to punish the defendant for their actions. Option B
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Answer:
A. There is no intent to do harm in a negligence case
Explanation: took the test
Kate was turned down for a job because of a bad credit report. The creditor is required to give her the name of the credit bureau that supplied the report, according to
the:
Fair Credit Reporting Act.
Fair Credit Billing Act.
Truth in Lending Law.
Equal Credit Opportunity Act
The creditor is required to give Kate the name of the credit bureau that supplied the report under the Fair Credit Reporting Act (FCRA). The FCRA is a federal law that regulates the collection, use, and disclosure of consumer credit information. Under the FCRA, creditors are required to provide consumers with a copy of their credit report upon request. They are also required to provide consumers with the name and address of each credit bureau that has provided them with a report within the past two years.
The other laws you mentioned are also important, but they do not specifically address the issue of providing consumers with the name of the credit bureau that supplied their report. The Fair Credit Billing Act (FCBA) regulates the billing practices of creditors and credit card companies. The Truth in Lending Law (TILA) requires lenders to disclose certain information to borrowers, such as the annual percentage rate (APR) and the total amount of interest that will be charged on a loan. The Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against borrowers on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive income from a public assistance program.
Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet? Explain.
Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.
Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:
Cash Budget: Accounting courses teach students about the importance of cash flow management and how to prepare a cash budget. Pro Forma Income Statement: Accounting courses teach students how to analyze historical financial data and use it to forecast future performance. Balance Sheet: Accounting courses provide a comprehensive understanding of balance sheets and their components. Students learn how to analyze assets, liabilities, and shareholders' equity to assess the financial position of a company.By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.
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