Unlimited liability<span> refers to the legal obligations general partners and sole proprietors because they are </span>liable<span> for all business debts if the business can't pay its </span>liabilities<span>.</span>
Answer:
the journal entry to record bond issuance:
Dr Cash 1,444,000
Dr Discount on bonds payable 76,000
Cr Bonds payable 1,520,000
amortization of discount on bonds payable = $76,000 / 5 = $15,000
coupon payment = $91,200
total interest expense per year = $106,200
total interest expense for the 5 year period = $106,200 x 5 years = <u>$531,000</u>
<u />
This can indicate fraud, duress, or undue influence.
In contracts, "consideration" is the things of value each side gives up in an exchange. So if one side gives $1 for a cup of coffee, that might be ok. Now, consider if the contract was to sell your entire house for $1! That would be a shockingly inadequate exchange because even the cheapest home is worth way more than $1.
In that case, the judge might look at <em><u>why</u></em> someone would be willing to give up so much for so little. Were they falsely told there home was worth nothing or maybe told that they would get $1 upfront and more later? That would be <u>fraud</u>. Were they told to sign the contract with a gun pointed at their head? That is an example of <u>duress</u>. Finally, did the person helping them with the contract have undue influence? If your boss, parent, or favorite celebrity advises you to do something that you don't want to do, but you worry about what they will thing if you don't, then you were a victim of their <u>undue influence. </u>
Answer:
(B). Ethical standards
Explanation:
Ethical standards within an organization are standards set by the organization that employees are expected to abide by.
<em>They include values such as integrity, respect, trust, honesty, loyalty.</em>
Abiding by these ethical standards bring about employee and customer satisfaction.
<u>By giving freedom to sales representatives on the amount spent on gifts for Asian and European customers, Cheyanne is managing for Ethical standards.</u>
Answer:
higher in the steel market, lower in the rice market, and unchanged in the TV market
Explanation:
Producer surplus can be defined as the variance between the amount an individual or nation is willing to take for certain quantity of a product versus the amount they receive when the goods are sold at the market value. For the nation of Aquilonia to be importing rice that means producer surplus is higher because the variance is low, it will export rice because the producer variance is low, and hence it wants to give to other countries. But since it is neither exporting nor importing TV, that means that the producer surplus remained the same even after the change in policy.
