To be negotiable, an instrument issued by Builders Exchange, Inc. in favor of Custom Construction Company must be payable on demand or at a specific time.
This means that the instrument should clearly state the payment terms, including the due date or the option for immediate payment upon demand. The other options listed in the question, such as reciting the consideration given or being a conditional promise or order to pay, are not necessary requirements for negotiability.
Negotiability refers to the transferability of an instrument from one party to another, usually through endorsement or delivery. For an instrument to be negotiable, it needs to meet certain criteria outlined in the Uniform Commercial Code (UCC), which provides a standardized framework for commercial transactions in the United States.
One of the key requirements for negotiability is that the instrument must be payable on demand or at a specific time. This means that the instrument should clearly indicate the payment terms, including the due date or the option for immediate payment upon demand. The instrument should specify the amount to be paid, and the timing of payment should be fixed or determinable.
While it is common for negotiable instruments to include recitals of consideration or conditional promises, these elements are not necessary for negotiability. The UCC does not require that the instrument explicitly state the consideration given in exchange for it. Additionally, while conditional promises or orders to pay can be included in negotiable instruments, they are not a universal requirement.
Overall, negotiability provides flexibility and ease of transferability for instruments such as promissory notes, checks, and drafts. It ensures that these instruments can circulate in the market, facilitating commercial transactions and providing liquidity to businesses and individuals.
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Spending plans are divided into three categories with roughly ______% of the after tax budget going to the category of needs and _____________ % of the after tax budget going to wants, with the rest going to esi.
Spending plans are divided into three categories with roughly 50% of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to esi.
What is spending plans?Spending plans can be defined as the ability to plan how to spend your money by dividing your finance based on want your need and what you want which will inturn can help you to effectively manage your money or finances as well as the way you spend.
Therefore, Spending plans are divided into three categories with roughly 50% of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to esi.
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Which type of savings account offers the best intrest rates
Here are the best online savings account interest rates
Ally Bank – APY: 1.15%, min. ...
American Express National Bank – APY: 1.15%, min. ...
Popular Direct – APY: 1.15%, min. ...
Citibank – APY: 1.01%, min. ...
CIT Bank – APY: up to 0.70%, min. ...
Vio Bank – APY: 0.60%, min. ...
PurePoint Financial – APY: 0.40%, min.
Consider the following statement by a project analyst: "i analyzed my project using scenarios for the base case, best case, and worst case. i computed break-evens and degrees of operating leverage. i did sensitivity analysis and simulation analysis. i computed npv, irr, payback, aar, and pi. in the end, i have over a hundred different estimates and am more confused than ever. i would have been better off just sticking with my first estimate and going by my gut reaction." critique this statement
In this kind of research discloses both a project's shortcomings and virtues. Even when all of the analysis is done, there is still a tremendous lot of uncertainty due to the very nature of the process. However, rather than being less confident in their decision-making, the analyst should be better educated and more confident in the end.
What is Scenario Analysis?
The practice of analyzing and evaluating prospective future events or scenarios in order to foresee different likely outcomes or realistic results is known as scenario analysis. Financial modeling is typically used to estimate changes in a company's value or cash flow when there are probable favorable and unfavorable events that could have an impact on the business.
What do you understand by Decision Criteria?
The sets of concepts, rules, and guidelines known as the decision criteria are what an organization utilizes to decide on a course of action.
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Robert owns a large tract of land. After an adequate study of all the relevant facts, he legally divides the land into 30 lots suitable for the construction of residences; adds utilities, curbs, and gutters; and paves the streets. Robert is A) a developer. B) an urban planner. C) a builder. D) a land planner.
Robert is( A) a developer.
What is a Developer of a Building?
Developers develop and builders build. That is, a developer takes raw land, obtains the necessary permits, creates building lots, and puts in the sewers, the water and electric lines, the streets and curbs. Then the builder comes in and erects the house. A builder also can be a developer.
Some developers specialize in converting raw land to finished lots, suitable for builders to buy and begin construction of off-site as well as on-site improvements. Often the land developer will also install the principal off-site improvements and infrastructure (roads and utilities).
Therefore, we can say that the correct option is ( A) a developer.
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Under the adea, an employer can win a disparate impact case if it can show that the discriminatory decision was based on a reasonable factor other than?
Under the ADEA, an employer can win a disparate impact case if it can show that the discriminatory decision was based on a reasonable factor other than age.
This is further explained below.
What is ADEA?Generally, The Age Discrimination in Employment Act of 1967 is a piece of legislation that was passed in the United States in order to prohibit discrimination in the workplace against anybody in the country who is at least 40 years old. In 1967, President Lyndon B. Johnson gave the measure his signature, making it official and making it a law.
In conclusion, In a disparate effect lawsuit, an employer may prevail if it can establish that the discriminatory decision was made on the basis of anything other than age, such as gender or race.
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Which type of skills refers to a manager’s abilities to both effectively convey ideas and information to others and effectively receive ideas and information from others?
Communication skills refer to a manager’s abilities to both effectively convey ideas and information to others and effectively receive ideas and information from others.
A competent manager possesses all the necessary talents and can put them to use in running the business effectively.
Managerial skills include:
Technical skillMental agility.Communication and interpersonal skills.Skill at Making Decisions.Skills in diagnosis and analysisManagerial communication abilities are essential. The manager must be able to successfully transmit ideas and information to others and receive ideas and information from others.
Controlling subordinates and providing senior managers or administrators with knowledge about current events are both parts of a manager's job description.
A manager's ability to communicate allows them to be carried out effectively. A manager's primary responsibility is to communicate with both internal and external stakeholders.
The interpersonal and communication skills of a manager include the capacity to influence and motivate both individuals and groups.
Hence, communication skills is the answer.
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Apple's products are well known and valued because the demand, customer loyalty, and company's price premium rank high in the consumer tech industry. This is an example of _______.
Apple's products are well known and valued because of the demand, and customer loyalty, and the company's price premium rank high in the consumer tech industry. This is an example of Brand Equity.
What is Brand Equity?A brand's intrinsic value, or the social value of a well-known brand name, is referred to as brand equity in marketing. Due to public perceptions that well-known companies' products are superior to those of lesser-known brands, the owner of a well-known brand name might profit more on brand recognition alone.Information economics and cognitive psychology have both been used to study brand equity in the research literature. Cognitive psychology holds that brand equity is dependent on consumer knowledge of the attributes and associations associated with the brand. A strong brand name serves as a reliable indicator of product quality for consumers who are only partially aware, and it also produces price premiums as a sort of return on branding investments, according to information economics.
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After Hurricane Sandy, many states reevaluated their coastal area building requirements. These new building codes represented __________ that building materials companies used to develop new products.
These new building codes represented focal alternatives that building materials companies used to develop new products.
How did the federal government respond to Hurricane Sandy?In the aftermath of Hurricane Sandy, the federal government responded by doling out more than $60 billion in total emergency spending, an appropriation process driven strongly by politics.
What were some of the biggest issues arising after Hurricane Sandy?One of the main problems following Hurricane Sandy was the fact that many people who chose not to leave lacked the supplies necessary for survival. The fact that the order to evacuate New York City came extremely late in the process, as it did during Hurricane Katrina, did not assist.
Where did the NRC monitor Hurricane Sandy's progress?The NRC kept an eye on Sandy's progress both before and throughout the storm from the Incident Response Center at its Region I office in King of Prussia, Pennsylvania, as well as from the Operations Center at its main office in Rockville, Maryland.
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True or False: A required implementation specification must be put into place as written in the Rule.
A required implementation specification must be put into place as written in the Rule. This is true as only addressable specification may have alternate implementation.
What is an implementation specification?An implementation specification is a more detailed description of the method covered entities can use to meet the requirements of a particular standard. This is typically related to the HIPAA security rule.
It should be noted that the first step toward Security Rule compliance requires the assignment of security responsibility — a Security Officer. Here, the Security Officer can be an individual or an external organization that leads Security Rule efforts and is responsible for ongoing security management.
Here, the required implementation specification must be put into place as written in the Rule. This is true as only addressable specification may have alternate implementation.
Based on the above information, it can be deduced that the correct option will be true.
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What would happen in an economy if total planned production exceeded total planned real expenditures
Inventories would accumulate, and firms would tend to lower prices. If total planned production exceeded total planned real expenditures
The economy is the field of production, distribution, trade, and consumption of goods and services. Generally, it is defined as a social area that emphasizes practices, discourse, and material expressions related to the production, use, and management of scarce resources.
A given economy is a series of processes that include its culture, values, education, technological development, history, social organization, political structure, legal system, and natural resources as key factors. These factors provide context, and content, and set the conditions and parameters for the economy to work.
In other words, the realm of the economy is the realm of non-independent, interrelated human practices, and trading societies. An economic agent can be an individual, a company, an organization, or a government.
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James' first year as parts manager for a local dealership was pretty rocky. To ensure that his subordinates would follow through on established goals, he warned them about losing their jobs. James' managerial attitude reflects assumptions underlying
James' first year as parts manager for a local dealership was pretty rocky. To ensure that his subordinates would follow through on established goals, he warned them about losing their jobs. James' managerial attitude reflects assumptions underlying Theory X.
This is further explained below.
What is Theory X?Generally, These managers tend to see their employees as intrinsically uninspired and disinterested in their jobs, which gives them a negative outlook on the world. A "carrot and stick" technique is regularly used to encourage employees in firms that are run this way.
In conclusion, The first year on the job as parts manager at a small dealership was a challenging one for James. The threat of having their employment terminated was used as a means of ensuring that his subordinates would meet the objectives that had been set. The management mindset of James is reflective of the principles that underpin Theory X.
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Jane Bouvier is a computer scientist working for a state university. Her job description states that she is responsible for the development and maintenance of the College of Business web sites. Jane was not permitted to take the training classes that her male counterparts in other colleges in the university were permitted to take, at university expense. Jane felt that she was falling behind without this additional training. When she raised her concern to her supervisor she was told that she would have to pay for the training herself. Answer the following questions:
a. What law is the university likely violating and what type of claim should Jane bring under this law?
b. What does Jane have to establish to prove discrimination in this case?
c. What case from the text is similar to this situation?
Please explain your answers.
The law that the university likely violating is the civil rights law.
a. What law is the university likely violating and what type of claim should Jane bring under this law?
The University is violating title VII of the Civil Rights Act of 1965 and Jane can file the complaint with the EEOC to enforce her rights.
b. What does Jane have to establish to prove discrimination in this case?
She just need to prove she has been discriminated on the basis of gender. She was not paid for her training because she was woman.
What case from the text is similar to this situation?
The similar case is Moore Vs Alabama state university, 980 F. Supp.426
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How would you best describe operations management?
The management of business procedures to achieve the best level of productivity within an organisation is known as operations management (OM). In order to increase an organization's profit, it is concerned with transforming resources like labour and materials into products and services as effectively as feasible.
Operations management is a branch of management that focuses on planning, organising, and redesigning the production process for goods or services as well as business operations.
Managing an organization's operations and processes is known as operations management. Supply chain management, product design, forecasting, quality control, and delivery management are a few of the tasks carried out by an operations manager.
Planning, arranging, and overseeing in the contexts of production, manufacturing, or the provision of services are the main concerns of operations management.
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A Canadian manufacturing company opens a factory the produces air conditioners in the United States. This is an example of Canadian
This is an example of Canadian foreign direct investment that increases Canadian net capital outflow.
An open economy is one that interacts freely with other economies around the world. An open economy interacts with other countries in two ways. We buy and sell goods and services in the global product market manufacturing company.
The real exchange rate is the price at which supply and demand match in the foreign exchange market. When the real US exchange rate rises, US goods will be higher than foreign goods, United States exports will decrease, and imports will increase.
The amount of dollars that fall and are exchanged remains unchanged. 22. When the United States real interest rate falls, he becomes one to own US assets. It has become less attractive and has increased US net capital outflows.
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True or False: The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets. True False
The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets. The given statement is true.
What do you mean by perfectly competitive markets?A perfect market, also known as an atomistic market, is defined by various idealizing conditions, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory.
A market structure where all suppliers are equal and overall supply and demand are in equilibrium is referred to as perfect competition in economics. Perfect competition exists, for instance, when multiple companies are producing a commodity and no one company has a competitive edge over the others.
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Approximately how many public use airports in the united states have been sold outright to private ownership?
Approximately 0 public use airports in the United States have been sold outright to private ownership.
The U.K. was the first country to fully privatize some of its major airports. Under the Airports Act 1986, the public British Airports Authority ( BAA ) was dissolved and its property, rights, and liabilities were transferred to a new company, BAA plc.
All but one U.S. commercial airport are owned and operated by public entities, including local, regional, or state authorities with the power to issue bonds to finance some of their capital needs. Airports are landlords.
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Describe key services that the financial system provides to savers. Question 17 options: Economies of scale of information Risk sharing Liquidity All of the above
The answer is all of the above.
Risk sharing, liquidity, and knowledge are the three main services that the financial system offers to both savers and borrowers.
First, people seek steady returns on their holdings.
Investors often maintain a portfolio, or collection of assets, that offers generally consistent returns (diversification).
Risk is a measure of how unpredictable the return on an asset is.
Liquidity is a measure of an asset's ease of movement to be transformed into cash.
In financial markets, the information contains facts about borrowers and expectations of returns on financial assets.
Key Services of the Financial System:
Effective Payment SystemIntermediary to Investors and BorrowersSharing of Economic Financial RiskDiversificationLiquidityFinancial InformationHence, key services that the financial system provides to savers include all of the above.
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The key working areas of accounting include managerial accounting, financial accounting, tax accounting, government and nonprofit accounting, and?
The accounting profession is divided into five key working areas: Managerial accounting, Financial accounting, auditing, tax accounting, and governmental and not-for-profit accounting.
Accounting, also known as bookkeeping, is the measurement, processing and reporting of financial and non-financial information about economic entities such as businesses and corporations.
Managerial accounting, also known as management accounting, is an accounting method that produces reports, reports and documents that help management make better decisions regarding business operations. their. Management accounting is mainly used for internal purposes.
Financial accounting is a specific branch of accounting that deals with the recording, aggregating and reporting of a multitude of transactions arising from business activities over a period of time.
Tax accounting is a structure of accounting method that focuses on taxes rather than the appearance of public financial statements. Tax accounting is governed by the Internal Revenue Code, which prescribes specific rules that businesses and individuals must follow when filing taxes.
Government accounting refers to the process of recording and managing all financial transactions conducted by the government, including government revenues and expenditures. Different government accounting systems are used by different public sector entities.
Nonprofit accounting is the only process by which nonprofits plan, record, and report their finances. While for-profit organizations are primarily focused on making a profit, nonprofit organizations are more focused on the accountability aspect of accounting.
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2023 murano’s available intelligent awd adjusts the ________ to help maintain cornering control.
2023 Murano's available intelligent and adjusts the Torque delivered to the wheels to help maintain cornering control. This is further explained below.
What is Torque?Generally, The amount of force that may cause an item to spin around an axis is referred to as the torque of the object. Torque is what causes an object to acquire rotational acceleration; just as force is what causes an item to accelerate in linear kinematics, torque is what causes an object to accelerate in circular kinematics. Torque is a vector quantity.
In conclusion, The optional intelligent system in the 2023 Murano may change the torque that is given to the wheels, which assists in maintaining cornering control.
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Determine what strategy should be used in the following situation. You are demoting an employee to avoid laying them off.
The correct answer in following Situation is Ethical, Direct and Intend to Deceive.
Keeping the Indirect Strategy Ethical:
The sender using an indirect approach in an ethical manner.
A. Ethical:
It is ethical to reduce the emotional impact of a bad news by making use of an indirect approach which is less harsh and blunt unlike the direct approach. In situations such as communicating that a person has lost his job, it is important that the manager communicates using indirect approach.
Direct demoting an employee to avoid laying them off.
B. Direct:
You are communicating facts to someone that has less time. Therefore the direct approach would be most appropriate as it goes straight to the point without delays.
If you put bad news at the end if the mail ,you Intend to deceive
Your boss is extremely busy therefore in this case it would be important to use the direct approach and move straight to the point from the beginning not hiding the bad news at the end of the mail.
Your question is incomplete, but most probably your full question was:
Question attached in below -
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If the banking system has demand deposits of $100,000, total reserves equal to $15,000, and a required reserve ratio of 10 percent, the banking system can increase the volume of loans by a maximum of
The banking system can increase the volume of loans by a maximum of $50,000
What are total reserves?A bank's reserves are calculated by multiplying its total deposits by the reserve ratio. For example, if a bank's deposits total $500 million, and the required reserve is 10%, multiply 500 by 0.10. The bank's required minimum reserve is $50 million.Calculation of total reservesThe reserve ratio is the portion of reservable liabilities that commercial banks must hold onto, rather than lend out or invest. This is a requirement determined by the country's central bank, which in the United States is the Federal Reserve. It is also known as the cash reserve ratio.Total Reserves = Cash in vault + Deposits at Fed.
Required Reserves = RR x Liabilities.
Excess Reserves = Total Reserves - Required Reserves.
Change in Money Supply = initial Excess Reserves x Money Multiplier.
Money Multiplier = 1 / RR.
Therefore banking systems can increase the volume of loans by $50,000
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Mobilizing finance and building partnerships in cities to advance environmental goals, especially in preventing the flow of trash into the ocean
Together, we may achieve several social, economic and environmental advantages that prevent waste from entering the ocean and increase the resilience of the entire city.
What is 'Mobilizing finance and building partnerships in cities' event about?The focus of this event will be on cities' crucial contributions to environmental goals, particularly in halting the flow of rubbish into the ocean. Around 80% of the 11+ million tons of plastic debris that are dumped into the ocean each year come from land, mostly as a result of inadequate municipal waste management. Over half of the world's population lives in cities, but they are rarely taken into account when making international decisions. However, cities all over the world are attempting to enhance sanitation, safeguard public health, boost tourism, and produce economic growth. Cities are given a formal framework for addressing these interconnected issues through the Urban Ocean® initiative. With assistance from cities and organizations on all five continents, our initial cohort of 11 cities concentrates on Asia and Latin America. What are Environmental Advantages?Environmental change is the alteration or disturbance of the natural environment, most frequently brought on by human activities and ecological processes. Various variables, such as natural disasters, human meddling, or animal contact, might cause changes in the environment. Environmental change includes both physical changes and non-physical elements, such as an invasion of invasive species.With this information in hand, cities can bring together stakeholders to forge agreement on plans that are based on research, with the ultimate objective of enlisting partners and financiers to carry out solutions. City resilience leaders from Asia, Southeast Asia, and Latin America will attend this event along with officials from national-level governments, non-governmental organizations, and these regions.
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A person who is power-oriented strives for leadership because of its associated ________. fear achievement authority prestige
A person who is power-oriented strives for leadership because of its associated with fear achievement authority prestige.
What is leadership?Leadership can be regarded as the ability that an individual has or that group of individuals has to influence as well as to guide followers or other members of an organization.
It should be note4d that A person who is power-oriented strives for leadership because of its associated with fear achievement authority prestige.
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If direct materials per unit are $20, direct labor per unit is $10, variable overhead per unit is $2, and fixed overhead per unit is $1, total product cost per unit is:_________ $
If direct materials per unit are $20, direct labor per unit is $10, variable overhead per unit is $2, and fixed overhead per unit is $1, total product cost per unit is $33.
What is the cost?The term cost refers to the actual money are spent on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are added to identify the cost.
The direct cost of the product can be computed by adding the costs of all direct materials, all direct labor, and all overhead charges of the manufacturing process.
According to the given the cost are;
direct materials per unit are $20
direct labor per unit is $10
variable overhead per unit is $2
fixed overhead per unit is $1
total product cost per unit is ?
total product cost per unit is 20 + 10 + 2 + 1
total product cost per unit is 33
As a result, direct materials per unit are $20, direct labor per unit is $10, variable overhead per unit is $2, and fixed overhead per unit is $1, total product cost per unit is $33.
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Imagine you’re preparing an exclusive buyer representation agreement with a client and need to explain the options available for agency relationship. which of these is accurate?
Imagine you’re preparing an exclusive buyer representation agreement with a client and need to explain the options available for an agency relationship. If we find a property you like that is by my broker, I may need to act as a dual agent
This is further explained below.
What is a broker?Generally, Within the banking and financial sectors, brokers are responsible for managing a variety of commercial transactions, including investments, real estate, and insurance policies. Brokers facilitate communication between various parties, establish and develop connections, manage sales, and carry out other administrative and operational responsibilities.
In conclusion, Imagine that you are working with a client to prepare an exclusive buyer representation agreement and that you need to discuss the many alternatives that are available for agency relationships. In the event that we locate a home that you like and it is listed by my broker, it is possible that I will need to operate as a dual agent.
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When selecting an investment, which criterion relates to the expected rate of return on an investment, usually over a period of one year?
The measure of liquidity determines how fast you can withdraw the money you invested if you need it or desire it.
Liquidity and Return on investment
In the event of an emergency or other financial setback, you can access liquidity in the form of your emergency savings account or the cash you have on hand. Additionally, liquidity is crucial since it enables you to take advantage of chances. A common profitability statistic used to assess how well an investment has done is the Return on Investment (ROI). ROI aims to quantify the amount of return on a specific investment in relation to the cost of the investment.
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Suppose the Federal Reserve increases the amount of reserves by $120 million and the total money supply increases by $360 million.
In order to calculate the money multiplier and reserves we need to do certain calculations by applying the following formula.
The change in money supply can be calculated by the following formula:
ΔMoney Supplier = Multiplier × ΔReserves
A) It is given that when the reserves are increased by $120 million then the money supply increases by $360 million.
So,
30 Million = Multiplier × 120 Million
⇒ Multiplier = 360 Million
120 Million
= 3
So, the value of the multiplier is 3.
B) If there is an increase in reserves by $30 million then,
ΔMoney Supply = 3 × 30 Million
= 90 Million
Therefore, When the reserves increase by $30 million then the money supply increases by $90 million.
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Correct Question - Suppose the Federal Reserve increases the amount of reserves by $120 million and the total money supply increases by $360 million.
a. What is the money multiplier?
b. Using the money multiplier from part a, how much will the money supply change if the Federal Reserve increases reserves by $30 million?
What is the underlying rationale for respondeat superior? Explain why it is a derivative theory of liability as opposed to a direct theory of liability?
The basic argument is that it holds the employer legally accountable. It is opposed because it emerges as a result of an individual or a company's irresponsibility or other events that have damaged or destroyed another person or their property.
The basic argument for respondent superior is that it was developed to put the employer into legal accountability for the activities of the employees. This theory was established in the United States and gives an aggrieved party a stronger possibility of recovering damages caused by an employee of a certain business. This is because, under the respondent superior theory, the employer is accountable for the harm caused by an employee to a third party within the limits of his employment relationship.
The derivative theory of responsibility holds the employer liable for the negligence of his employee that causes injury to a third party. And direct theory of responsibility refers to the liability that arises over an individual or a company as a result of its carelessness or other circumstances that have hurt or destroyed another individual or their property.
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PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 Current Year Preceding Year Total long term-debt $27,917 $26,557
The long-term debt was disclosed as a current liability on the current year's December 31 balance sheet $4,096.
Given Data provided in the question:
Current Year Preceding Year
Total long term-debt $27,917 $26,557
Current portion (4,096) (2,224)
Long-term debt $23,821 $24,333
Now,
The long-term debt was disclosed as a current liability on the current year's December 31 balance sheet will be the amount equal to the current portion for the current year
Therefore, the answer is $4,096
What is Current Liability?A current liability is:
An obligation that will be due within one year of the date of the company's balance sheet, andWill require the use of a current asset or will create another current liabilityHowever, if a company's normal operating cycle is longer than one year, current liabilities are the obligations that will be due within the operating cycle.
Current liabilities are usually reported as a separate section of a company's balance sheet. This allows readers to subtract their total from the company's total amount of current assets in order to determine a company's working capital. (Dividing current assets by the current liabilities is the company's current ratio.)
Your question is incomplete, but most probably your full question was:
PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 Current Year Preceding Year Total long term-debt $27,917 $26,557 Current portion (4,096) (2,224) Long-term debt $23,821 $24,333 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet.
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Products that are purchased to solve a sudden problem and a customer does not actively seek are _______.
Products that are purchased to solve a sudden problem and a customer does not actively seek are unsought products.
Unsought Products are the ones that consumers do not normally go looking for, or about which the average consumer may not even be aware of, as is it may be a new brand. Thus, a consumer would prefer not to think about buying.
Unsought Products are the products purchased to solve a sudden problem. Thus, these products can include emergency products such as bandages and ointment and automobile parts which are used to repair a car.
Hence, the answer was given and explained above.
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