The man can enjoin the daughter from building the storage because the restriction is binding on the daughter because she is a successor of the previous owner.
Successor:
Successor means a person who has a job, position, or title after someone else simply said that someone who succeeds another person.
Given,
A man and his neighbor owned homes on adjacent lots in a subdivision. , And they both agreed in writing not to place detached storage sheds in their respective yards. They done their agreement was drafted in recordable form and stated that it was enforceable by and against all assignees, heirs, and successors and agreement was promptly recorded. After three years later, the neighbor gave his home to his daughter. And she shortly after moving into the home, the daughter learned of the restriction. Now, she claimed the man that she planned to put a detached storage shed in her backyard, claiming that the restriction was not enforceable against her.
Here we need to find does the man have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
While we looking into the give question we have identified that the agreement is signed and register. And it will be enforceable against all assignees, heirs, and successors of the assignees.
Therefore, the man can have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
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licensee janice has found a way to work with prospective buyers without ever leaving her desk: she sets them up with automated email messages for listings that meet their criteria, and answers any questions they have when they call. is janice doing anything wrong?
Licensee Janice has found a way to work with prospective buyers without ever leaving her desk Yes because she should meet them in person before working for them.
A buyer, also known as a purchasing agent, is in charge of buying products for a company, such as supplies or equipment. Their responsibilities also include taking stock of the current product line and negotiating deals with suppliers.
The buyer's primary obligations are to pay the purchase price and accept delivery.
A person or organization who has been granted a license is known as a licensee. [formal] Countable noun An individual who has been granted permission to sell alcoholic beverages, such as in a bar, is known as a licensee.
The party that grants intellectual property is known as the licensor, and the party that acquires it is known as the licensee.
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when one party's performance in a contract is substantial, then the other party's duty to perform is:
The other party's duty to perform remains absolute If one party substantially performs. It is happen if any for the substantially performing party's failure to fully perform although the other party may be entitled to recover damages.
Substantial performance generally can be described as a doctrine, whereby one party under a contract. if he substantially performed his duties under the contract substantial performance can still recover for damages even though that individual failed to comply with the contract in some way. The example of substantial performance is fulfillment of the obligations agreed to in a contract.
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The accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3- and 12-month moving average forecasts using the mad criterion. Which of the two models yields better results? explain.
In this instance, the MAD value of the 3-month moving average is less than that of the 12-month moving average. Therefore, the 3-month moving average forecasting method yields the best results.
Forecasts using a 3-month moving average:
How to calculate the moving average in Excel, step-by-step:
Rates data should be entered into an Excel sheet.Access DataThen select Data Analysis.Click "Moving Average" and then "OK."Choose the rates column under "Input Range."Type 3 for Interval.Click "OK."Excel Result:
Rate(Actual) forecast Error = (Actual − Forecast)
7.7 #N/A
8.4 #N/A
8.6 8.233333 0.366667
8.8 8.6 0.2
9.2 8.866667 0.333333
9.4 9.133333 0.266667
9.4 9.333333 0.066667
9.7 9.5 0.2
9.8 9.633333 0.166667
9.9 9.8 0.1
9.9 9.866667 0.033333
9.7 9.833333 0.133333
9.8 9.8 0
9.9 9.8 0.1
9.8 9.833333 0.033333
10.1 9.933333 0.166667
9.7 9.866667 0.166667
9.6 9.8 0.2
9.7 9.666667 0.033333
9.6 9.633333 0.033333
9.6 9.633333 0.033333
9.4 9.533333 0.133333
9.7 9.566667 0.133333
9.1 9.4 0.3
8.9 9.233333 0.333333
8.8 8.933333 0.133333
8.9 8.866667 0.033333
9.1 8.933333 0.166667
9.2 9.066667 0.133333
9.1 9.133333 0.033333
9.2 9.166667 0.033333
8.9 9.066667 0.166667
9.1 9.066667 0.033333
8.7 8.9 0.2
8.4 8.733333 0.333333
8.4 8.5 0.1
8.4 8.4 0
8.2 8.333333 0.133333
8.1 8.233333 0.133333
8.1 8.133333 0.033333
8.3 8.166667 0.133333
8.1 8.166667 0.066667
8.4 8.266667 0.133333
8.3 8.266667 0.033333
7.8 8.166667 0.366667
7.8 7.966667 0.166667
7.8 7.8 0
7.9 7.833333 0.066667
∑Error = 6.166667
Therefore, MAD = ∑Error / Number of Errors
MAD = 6.166667 / 40 = 0.134
Forecasts using a 12-month moving average:
How to calculate the moving average in Excel, step-by-step:
Rates data should be entered into an Excel sheet.Access DataThen select Data Analysis.Click "Moving Average" and then "OK."Choose the rates column under "Input Range."Enter 12 for Interval.Click "OK."Excel Result:
Rate(Actual) forecast Error = (Actual − Forecast)
7.7 #N/A
8.4 #N/A
8.6 #N/A
8.8 #N/A
9.2 #N/A
9.4 #N/A
9.4 #N/A
9.7 #N/A
9.8 #N/A
9.9 #N/A
9.9 #N/A
9.7 9.208333 0.491667
9.8 9.383333 0.416667
9.9 9.508333 0.391667
9.8 9.608333 0.191667
10.1 9.716667 0.383333
9.7 9.758333 0.058333
9.6 9.775 0.175
9.7 9.8 0.1
9.6 9.791667 0.191667
9.6 9.775 0.175
9.4 9.733333 0.333333
9.7 9.716667 0.016667
9.1 9.666667 0.566667
8.9 9.591667 0.691667
8.8 9.5 0.7
8.9 9.425 0.525
9.1 9.341667 0.241667
9.2 9.3 0.1
9.1 9.258333 0.158333
9.2 9.216667 0.016667
8.9 9.158333 0.258333
9.1 9.116667 0.016667
8.7 9.058333 0.358333
8.4 8.95 0.55
8.4 8.891667 0.491667
8.4 8.85 0.45
8.2 8.8 0.6
8.1 8.733333 0.633333
8.1 8.65 0.55
8.3 8.575 0.275
8.1 8.491667 0.391667
8.4 8.425 0.025
8.3 8.375 0.075
7.8 8.266667 0.466667
7.8 8.191667 0.391667
7.8 8.141667 0.341667
7.9 8.1 0.2
∑Error = 12
Therefore, MAD = ∑Error / Number of Errors
MAD = 12 / 37 = 0.324
In this case, the 3-month moving average's MAD value is lower than the 12-month moving average's MAD value. Consequently, the 3-month moving average forecasting approach produces the greatest outcomes.
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luke uses droids to operate a moisture farm in a perfectly competitive market on the planet tatooine. a barrel of moisture sells for 50 republic credits. a droid costs 675 republic credits per month to rent. how many droids should luke rent? one four two three
In perfectly competitive market a barrel of moisture sells for 50 republic credits. A droid costs 675 republic credits per months to rent, there are Three droids should luka rent
According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices. Markets for produce: The closest example of ideal competition in real life may be a typical farmers' market. Small manufacturers charge extremely similar costs for essentially identical products. Markets with perfect competition must possess the following traits: There are no access or exit obstacles, no market influences, uniform products, and total product transparency.
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What does visual merchandising and display consist of?
Visual merchandising and display consist of the physical elements which merchandises use to project an image to customers.
Visual merchandising is considered to be the practice of organizing and as well as displaying products in a retail space. So, visual merchandising is a marketing practice which directly uses color, floor plans, lighting, technology, displays, and other elements to attract the customer attention.
So, visual merchandising and display consists of physical elements which merchandises use in order to project an image to their customers. Thus, a visual merchandiser is the person behind the magic.
Hence, a visual merchandisers display, present, arrange the items in stores.
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what are two ways a company can set up a wholly owned subsidiary in a foreign country? (check all that apply.)
A association can boost a utterly owned subsidiary through a greenfield challenge , that means that the company creates the whole operation itself.
Another possibility is purchasing an current operation from a neighborhood employer or any other foreign operator.
What are two disadvantages of working a absolutely owned subsidiary ?Disadvantages include the chance of dropping manipulate over technological know-how and a lack of tight control. The blessings of completely owned subsidiaries include tight manipulate over technological know-how.
Foreign companies need to bear the full capital fees and dangers of placing up distant places operations.
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https://brainly.com/question/28188459#SPJ4At which point in the accounting cycle should an accountant prepare a trial
balance?
A. Just before preparing financial statements
OB. At any point he or she chooses
OC. At the end of the cycle only
D. At the beginning of the cycle only
At the end of the cycle only in the accounting cycle should an accountant prepare a trial balance. The correct option is C.
Why do accountants prepare a trial balance?A trial balance's purpose is to ensure that all entries made to an organization's general ledger are properly balanced. Each general ledger account's ending balance is listed in a trial balance. Each accounting entry's total dollar amount of debits and credits is supposed to match.
The trial balance is created after all transactions in the ledger accounts have been recorded. All ledger account balances to the credit and debit sides are recorded in the trial balance. It is typically prepared at the end of the fiscal year, prior to the preparation of final accounts.
Thus, the ideal selection is option C.
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investors trading online group of answer choices buy and sell securities without using a brokerage firm. receive more advice than offered by traditional stockbrokers. generally were insured against the market downturn of the early and late 2000s. generally do their own research and make their own investment decisions.
Fortunately, you no longer need to rely on a broker or any other third party to invest in stock because of the rise of the internet.By creating a Demat Account, you are free to start investing in shares on your own.
What exactly does a broker-dealer do?A broker, also known as a brokerage firm or brokerage company, acts as a link between buyers and sellers in order to conclude a deal for stock shares, bonds, options, and other financial instruments. After a transaction has been completed, brokers receive compensation in the form of commissions or fees.
Is there a fee to trade?There are no transaction costs or commissions associated with exchanging XRP, Bitcoin, Ethereum, or Litecoin.
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broadly defined, technological advance multiple choice can occur in the short run, long run, or very long run. comprises new and improved goods and services and/or new and improved ways of producing or distributing them. includes invention but not innovation or diffusion. includes product innovation but not process innovation.
Broadly defined, technical advancement includes new and improved goods and services, as well as new and improved methods of creating or distributing them. As a result, the correct choice is to comprise new and improved goods and services and/or new and improved ways of producing or distributing them.
What is technological advance?Technological advancement is the enhancement and invention of science's utility. Science is an epistemological process that seeks to comprehend, describe, explain, and predict natural and mathematical phenomena through observation, research, experimentation, and, most importantly, falsification. Science is essentially the methodical elimination of defective or erroneous ideas. Technology is any usefulness and applicability of scientific understanding; that is, science is used for practical use and purposes.
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on april 12, hong company agrees to accept a 60-day, 10%, $5,100 note from indigo company to extend the due date on an overdue account payable. what is the journal entry made by indigo company to record the transaction? multiple choice debit accounts receivable $5,100; credit notes payable $5,100. debit notes payable $5,100; credit accounts payable $5,100. debit accounts payable $5,100; credit notes payable $5,100. debit sales $5,100; credit notes payable $5,100. debit cash $5,100; credit notes payable $5,100.
Notes payable is debited by $5,100, Interest expense is debited by $85 and cash is credited by $5,185.
Debit accounts receivable and credit billings on construction contract refers to a liability account that the contractor has billed the customer for work not yet done. So, the all contactors would prefer to be-placing the contractor ahead of the customer on a cash flow basis.
Initially, we calculate the interest number use this formula:
Interest = Principal Amount x Rate x Number of days : 360
Interest = $5,100 x 10% x 60/360
Interest = $510 x 0.167
Interest = $85
Thus, we calculate the cash to be paid:
Cash to be paid = Principal Amount + Interest
Cash to be paid = $5,100 + $85
Cash to be paid = $5,185
On the date of maturity, the journal entry to make the payment of note payable can be shown below:
Date Account Title and Explanation Debit Credit
April 12 Note payable $5,100
Interest expenses $85
Cash $5,185
(To record the payment of notes payable along with interest)
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in purchasing a category is: a. represented by the strategic sourcing matrix b. a related group of items c. a standard grouping of materials that all companies use regardless of industry d. only a and b
The organization organizes related purchase items in a logical way by using category as a strategic tool. As a result, both a and b are correct. Depending on the strategy mix, different businesses may group items differently. Consequently, the correct choice is option d.
What are the four important sourcing areas?The four stages of strategic sourcing are data collection, spend analysis, market research, negotiation, and contracting. Strategic sourcing is a procurement process.
What distinguishes purchasing from strategic sourcing?By taking into account things like contract negotiation, supplier development, and outsourcing models, strategic sourcing brings your purchasing power into line with your strategy. It is different from conventional sourcing, which entails locating a supplier based on straightforward factors like price and location. Management of the supply chain is another name for this.
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an investor buys a stock for $40. the stock pays a dividend of $0.75 in year 1 and $1.25 in year 2. at the end of year 2 the investor sells the stock for $44. what is the investor's holding period return?
The investor's holding period return is 15.0%
What Is the Return/Yield for the Holding Period?The overall return earned from owning an asset or portfolio of assets over time—referred to as the holding period—is known as the holding period return and is typically stated as a percentage. Holding period return is calculated using total returns from the asset or portfolio (income plus changes in value). It is especially helpful for comparing the returns of assets kept for various lengths of time.
holding period return is calculated
= Income + (End of period value - Initial value)÷ Initial value
Capital Appreciation = 40 - 4= 4
Dividend yield = 1.5
total dividend income received is calculated,
= 1.5 + (44-40)/40× 100
=1.5 + 1/10× 100
= 15%
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minimizing wasted coverage and customizing the message based on feedback are advantages of blank . multiple choice question. advertising publicity sales promotion personal selling
Minimizing wasted coverage and customizing the message based on feedback are advantages of advertising. The deliberate misrepresenting of facts about goods and services is a significant downside of advertising.
Advertisers frequently exaggerate the real or imagined benefits of a product and make bold assertions in an effort to persuade consumers to behave against their own best interests and engage in coverage that will benefit them. The distinction between an advantage and a disadvantage is that an advantage is any condition, scenario, opportunity, or means that are especially conducive to success or any desired purpose, whereas a disadvantage is a weakness or unwanted quality.
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air conditioning for a college dormitory will cost $2.6 million to install and $145,000 per year to operate at current prices. the system should last 14 years. the real cost of capital is 6%, and the college pays no taxes. what is the equivalent annual cost?
According to the given information, the Equivalent Annual Cost of Air conditioning for a college dormitory is $424,732.32
Given:
Cost of Air conditioning = $2,600,000
To operate at current prices = $145,000 per year
Real cost of capital ( Rate ) = 6% = 0.06
Term = 14 years
Calculate v:
v = [tex]\frac{1}{(1 + Cost of capital)}[/tex]
v = [tex]\frac{1}{(1 + 0.06)}[/tex]
v = [tex]\frac{1}{1.06}[/tex]
v = 0.9434
Calculate Discount Factor (DF)
DF = [tex]\frac{(1 - v^a^s^s^e^t ^L^i^f^e^t^i^m^e)}{Cost of capital}[/tex]
DF = [tex]\frac{(1 - 0.9434^1^4)}{0.06}[/tex]
DF = (1 - 0.44232573387768)/0.06
DF = 0.55767426612232/0.06
DF = 9.2946
Calculate Discount Investment (DI)
DI = Investment Cost/DF
DI = $2,600,000.00/9.2946
DI = $279,732.32
Calculate Equivalent Annual Cost (EAC)
EAC = Discounted Investment + Maintenance Cost
EAC = $279,732.32 + $145,000.00
EAC = $424,732.32
The annual cost of owning, using, and maintaining a resource over the course of a resource's life is known as its equivalent annual cost (EAC). Because it enables a company to compare the cost-effectiveness of various assets with different lifespans, businesses frequently use EAC for capital budgeting decisions.Because it enables a business to compare the cost-effectiveness of various assets with different lifespans, EAC is frequently used by businesses for capital budgeting decisions.EAC enables managers to precisely determine the best option by comparing the net present values of various projects over various time periods.Learn more about Equivalent Annual Cost, here
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silver inc. sells to a customer a perpetual software license and post-contract customer support for a 12-month period, commencing at the time that the software is activated. silver inc. charges $780 upfront when the software is purchased and $52 a month for 12 months, due at the end of the month. silver inc. sells the software separately for $1,040 while the standalone selling price of the post-contract customer support is $520. required: how should the transaction price be allocated among the performance obligation(s)? round each of your answers to the nearest dollar. show your computation.
The transaction price should be allocated among the performance obligation
Total transaction price = $780 upfront fees + $624 ( $52 × 12 months)
Total transaction price = $1404
What does "the transaction price" mean?The compensation for which an entity anticipates being entitled, minus sums collected on behalf of other parties, in exchange for transferring promised products or services to a client is known as the transaction price.
Given:
Standalone selling price of software = $1404
Standalone selling price of post-contract customer support = $520(Given)
Total Standalone selling price = $1560
The formula of allocation of transaction price = Total transaction price × Standalone selling price of product/ Total standalone selling price
transaction price allocation to respective performance obligation using the above formula-
transaction price allocation of software = Total transaction price × Standalone selling price of software / Total standalone selling price
= $1404 × $1040/ $1560 = $936
transaction price allocation for post-contract customer support= Total transaction price × Standalone selling price of post-contract customer support /Total standalone selling price
= $1404 × $520/ $1560 = $468
Thus transaction price should be allocated among performance obligation =
Software = $936 and post-contract customer support = $468
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it is frequently necessary to perform dilutions of a stock solution in the laboratory. if you were instructed to make a 1:2 dilution of a stock solution to arrive at a final volume of 6, how much stock solution would you need to pipet?
In the laboratory, dilutions of a stock solution are commonly required. If you were told to dilute a stock solution by 1:2 to get a final volume of 6, the stock solution you would need to pipet is 250 units. Thus, the correct volume is 250 units.
What is dilution?Dilution is the process of reducing the concentration of a solute in a solution, which is usually accomplished by simply adding more solvents to the solution. When you dilute a solution, you add more solvent without adding additional solute. To ensure that all components are identical, the resulting solution is thoroughly mixed.
Dilution factor = [tex]\frac{Volume of stock solution}{Final Volume}[/tex]
Where:
Final Volume = Volume of stock +Volume of dilute
[tex]\frac{1}{2} =[/tex] [tex]\frac{Volume of stock}{500}[/tex]
The volume of stock to be taken [tex]= 500[/tex]×[tex]\frac{1}{2}[/tex]
= 250 unit volume
The volume of dilute = Final volume - the volume of stock
= 500 - 250
Thus, the correct volume is 250 units.
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the harmonization of member nations' tax rates plus a common monetary and fiscal policy are all required to form a(n)
The harmonization of member nations' tax rates plus a common monetary and fiscal policy are all required to form an economic union.
An economic union is an arrangement between two or more countries that permits unrestricted trade in commodities, services, money and labor. To foster this unified market, the nations may also coordinate their social and financial policies. An economic union is made up of a common market and a customs union. The participating nations share a similar external trade policy as well as shared rules on product regulation, the free flow of products, services and production factors.
One example of an economic union is the European Union (EU). In order to collaborate on addressing economic and financial difficulties, the EU member states coordinate their separate economic policies, rules and regulations. The Euro, which is used by all 19 EU countries, is the official currency.
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follow screenshot instructions
You might have to do this one on your own dude
Answer:
your gonna need real help dude
Explanation:
All costs associated with a machine after it is operational are expensed in the period they are incurred. This statement is.
All costs associated with a machine after it is operational are expensed in the period they are incurred. This statement is false.
Which of the costs are generally expensed as incurred?
Costs associated with both research and development must typically be deducted as they are incurred under US GAAP. Furthermore, certain expenditures associated with software development must be capitalized in accordance with US GAAP. Until the technological viability of a software product is demonstrated, the expenditures paid during its development are expensed.
After then, the costs are capitalized. Similar to this, businesses deduct the expenses associated with developing software for internal use until it is likely that the project will be finished and the program will be utilized as intended. The development expenditures are then capitalized at that point.
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You have an opportunity to invest now in return for in one year. If your cost of capital is , what is the npv of this investment?.
In an opportunity to invest $48,900 now in return for $61,200 in one year and cost of capital is 8.6%, the net present value (NPV) of this investment is $7,453.60.
Net present value (NPV) refers to a financial metric that depicts the total value of an investment opportunity. It is used to establish the current value of all future cash flows generated by a project, including the initial capital investment. In case that there is one cash flow from a project that will be paid one year from now, the calculation for the NPV is:
NPV = (Cashflow/(1+i)^t) – Initial investment
Where i is the required rate or discount rate and t is the number of time periods.
Here,
i = 8.6% or 0.086
t = 1
Cashflow = $61200
Initial investment =$48900
Substituting the values,
NPV = (61200/(1+0.086)^1) – 48900
NPV = 56353.59 – 48900
NPV = 7453.60
Hence, the net present value is $7,453.60.
Note: The question is incomplete. The complete question is: You have an opportunity to invest $48,900 now in return for $61,200 in one year. If your cost of capital is 8.6% what is the NPV of this investment?
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the sec has just declared the registration statement for the iceberg fund to be effective. what does this mean?
A company that filed a registration statement with the SEC, which uses method that is only available to seasoned issuers, is valid for 3 years.
What is securities and exchange commission (SEC)?
Securities and exchange commission refers to a government agency that is responsible for enforcing laws at the federal level in order to protect Americas who deal in the securities market.
This government agency protects:
Investors,
Provides data
Regulates the market
Facilitate capital formation.
Hence, a company who filed a registration statement with the SEC that uses a method that is only available to seasoned issuers. This registration statement is good for 3 years
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after daisy has gotten all the money she can from the bank and still cannot keep up with her fast-growing business, what is she most likely to do next if she wants her company to continue growing?
Daisy is most likely to Obtain a partner or form a corporation to attract more money.
What is a partner?The corporation who enter into partnerships are individually referred to as "partners" and collectively as "company", and the company that operates the business is referred to as "company name". Business Partner is a commercial entity with which another commercial entity is associated in some way. This relationship may be an exclusive contractual bond where the parties agree not to partner with any third party. Alternatively, it may be a very loose contract whose primary purpose is to impress customers or competitors on the size of the network the business partner belongs to. Business partners or corporations are very important to a company. However, companies cannot freely choose their business partners, so-called business mating.In many cases, potential partners may not be interested in starting a business relationship.It is important that both sides of the agreement complement each other and have commonalities such as leadership styles, mindsets and technology.To learn more about partner from the given link :
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licensing involves granting a foreign company the right to create a company's product within a foreign country in exchange for a fee. which would not be considered a licensor?
The licensor is the party granting intellectual property rights to another party. The licensee is the party that receives intellectual property rights from another party.
A licensor is a person or organization that officially authorizes another person or organization to create, perform, or possess something: A leading producer and licensee of game shows for television, the firm.
While the licensor is also given permission to utilize the intellectual property under the terms of this license, no third parties are allowed to benefit from these rights. These rights may only be used by the licensee and the licensee.
The business that offers access to its intellectual property through a licensing agreement is known as the licensor or property owner.
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if a firm uses a project-specific cost of capital for evaluating all projects, which situation(s) will likely occur?
A situation where the firm will accept projects with average risk will probably happen if it uses a project-specific cost of capital for all of its project evaluations.
Financially speaking, risk is the possibility that the results or returns on risk an investment will not match expectations. Risk encompasses the firm potential for losing a portion or the entirety of a starting investment.
Risk is typically quantified by taking into account past actions and results. A frequent statistic used to measure risk in finance is standard deviation. A measure of asset price volatility in relation to historical averages over a risk specific time period is provided by standard deviation.
Overall, managing investment risks is possible and wise if one is aware firm of the fundamentals of risk and how it is calculated. understanding the dangers that may be present in various situations.
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the largest one-day drop in stock prices in history occurred on april 14, 2000. group of answer choices true false
The April 14, 2000 inventory market crash used to be the largest one-day drop in inventory expenditures in history up to that point.
During the 1990s, religion in the United States lost tons of its appeal, as a secular lifestyle primarily based on consumption and mass entertainment dominated American society.
What do secular humans agree with in?Secular humanism posits that human beings are capable of being moral and ethical without faith or faith in a deity. It does not, however, count on that humans are either inherently excellent or evil, nor does it present human beings as being foremost to nature.
In present day English, secular is in particular used to distinguish some thing (such as an attitude, belief, or position) that is no longer specifically spiritual or sectarian in nature (for example, music with no religious connection or affiliation might be described as "secular").
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https://brainly.com/question/1157468#SPJ4classic auto parts sells new and used auto parts. although a majority of its sales are cash sales, it makes a significant amount of credit sales. during 2008, its first year of operations, classic auto parts experienced the following: sales on account $266,800 cash sales 619,000 collections of accounts receivable 253,460 uncollectible accounts charged off during the year 1,394 assume that classic auto parts uses the direct write-off method of accounting for bad debts. what is the amount of bad debts expense for 2008?
The amount of bad debts expense for 2008 is 10672.As a provision for credit losses, bad debts are noted in the financial accounts.
Bad debt charge for 2008 was $2668 ($266800*1%).
Ending balance of accounts receivable
= 266800-253460-1394
= 11946
Accounts receivable's net realisable value is equal to
= 11946-2668+1394
= 10672
A bad debt is a sort of account receivable for an organisation that is now impossible to collect from the customer since the client is unable to pay the amount they have borrowed from the organisation on credit.
The reasons that debtors are unable to repay might range from the person or organisation declaring bankruptcy or experiencing significant financial difficulties, or it can be because the debtor is reluctant to pay the loan.
Bad debt costs can be noted on the income statement and are typically categorised as a sales and general administrative expenditure. On the balance sheet, recognising bad debts results in a corresponding reduction in accounts receivable.
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A discretionary fiscal policy action to reduce inflation in the short run would be to?.
Discretionary fiscal policy action to reduce inflation in the short run would be to increase taxes or decrease govt. spending.
Discretionary fiscal policy refers to adjustments in tax rates and/or spending levels made by the government. For instance, lowering the VAT in 2009 to increase spending
Automatic fiscal stabilisers are distinct from discretionary fiscal policy. The purpose of discretionary fiscal policy is to balance the budget. It reduces the output gap's skewedness (see macroeconomic equilibrium). During a recession, it helps to boost economic growth, while during a boom, it helps to restrain both economic growth and inflation.
Inflation control is the aim of contractionary fiscal policy. Consequently, the instruments would be a cut in government spending or a hike in taxation. Inflation would decrease as a result, shifting the AD curve to the left, but it may also result in some unemployment.
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currently, bank reserves are equal to $2,000, the required reserve ratio is 10 percent, banks make as many loans as they can, and no borrower withdraws currency and leaves the loan balance in the bank after a loan is created. a news report has made people want to carry currency, and this causes the reserves to fall to $1,500. assume the change is permanent. how much has the money supply decreased?
The money supply is decreased by $5000.
Considering the values given in the question,
Bank reserves = $2000
Reserves fall = $1500
Required reserve ratio = 10%
Lower reserves will decrease money supply.
So,
Decrease in money supply = Decrease in reserves ÷ Required reserve ratio
= $(2000-1500) / 10%
= $500 / 0.1
= $5000
Therefore, The total amount of money is reduced by $5000.
The proportion of deposits that a commercial bank must retain in reserve is known as the required reserve ratio. Money that is being kept in reserve cannot be borrowed or invested. The reserve requirement and reserve deposit ratio are other names for the needed reserve ratio. All American commercial banks' necessary reserve ratios must be established by the Federal Reserve. The statutory reserve ratio aids in ensuring that commercial banks have sufficient reserves to satisfy commitments and consumer withdrawals. Additionally, it encourages a reliable financial system.
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what is the fourth step in communication planning
Answer:
Identify the owners, stakeholders, and audience
Explanation:
your small manufacturing company is in serious financial difficulty. a large order of your products is ready to be delivered to a key customer when you discover that the product is simply not right. it will not meet all performance specifications, will cause problems for your customer, and will require rework in the field; however, this, you know, will not become evident until after the customer has received and paid for the order. if you do not ship the order and receive the payment as expected, your business may be forced into bankruptcy. and if you delay the shipment or inform the customer of these problems, you may lose the order and go bankrupt. what would you do?
I would never jeopardize my morals or the values of my clients. If my business were in a situation where it had a high likelihood of being forced into bankruptcy.
In all facets of life, the value of ethics cannot be overstated. Each person needs to have a set of moral principles, and ethics are extremely valuable in the world of business. Customers will trust your business regardless of expensive prices or minor service flaws if it conducts itself ethically in all customer interactions. Customer ethics enhances service quality and promotes wholesome interactions. Understanding right from wrong in business ethics means being able to act ethically in all situations, even when doing the wrong thing will result in more immediate gains.
Any business must intentionally and consistently practice ethics both in its interactions with customers and in other areas. The company's values and culture must include ethical behavior, and any deviations must be dealt with harshly. Businesses that base their culture and best practices on integrity are more likely to have satisfied staff members and a base of devoted customers. The core values of the company must be spelled out in the value statement, and these values must be the dictating and guiding force behind all interactions, transactions, and major decisions made within the organization.
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