If a delivery driver cannot successfully complete a delivery that contains alcohol, they must:

Alice worked for Fountain Valley, Inc., a corporation that manufactured baby supplies. According to her employment contract with

earnstyle [38]

Question Completion with Answer Options:

A. Yes, according to the terms of her contract.

B. Yes, according to the duty of good faith and fair dealing.

C. No, according to the at-will termination provision in her contract.

D. No, because subsequent conduct of the parties modified the contract.

Answer:

Fountain Valley, Inc. and Alice

B. Yes, according to the duty of good faith and fair dealing.

Explanation:

Alice is entitled to the bonus of $10,000 because the duty of good faith and fair dealing requires Fountain Valley not to deny Alice the benefits arising from their valid contract. Since Alice's employment contract included a 5% bonus of all sales in excess of the previous 12 months' sales, the Fountain Valley, Inc. should not deny Alice's claim to the benefits.

b) Employment contract terms = $78,000/year plus 5% bonus of all sale in excess of the previous 12 months' sales. The value of sales in 2017 is $200,000 more than in 2016. 5% of $200,000 = $10,000. Therefore, Alice is entitled to the bonus.

8 0

3 years ago

For accounting errors, which of the below sentences is true?

Monica [59]

Answer:

The correct option is C

Explanation:

Accounting error is the type of error in the accounting which was not done intentionally but when spotted, the error need to be fixed immediately. And when there is no immediate solution for the error, an investigation is conducted in order to find out who caused the error.

The statement which is true is that they represent the fraud which usually result in the legal action to be taken.

7 0

3 years ago

Assume the audience for Who Wants to Be a Millionaire on a local cable channel is 115,000. During the months of January and Febr

Lapatulllka [165]

Answer:

Gross Impressions

Explanation:

Gross impressions represent the total number of households or individuals that is represented by a given media schedule. It is the impression that an advertisement gets. It is the total sum of audiences that is individuals or households that is exposed to the same commercial or program on multiple occasions. It is different to gross rating points. The latter deals with the number of impressions while the former deals with the number of audiences.

In this case, gross impressions

= Audience × number of ads

= 115000 × 16

= 1840000

4 0

3 years ago

Read 2 more answers

Suppose the average return on Asset A is 6.9 percent and the standard deviation is 8.1 percent and the average return and standa

olasank [31]

Answer:

Explanation:

Let us follow this accordingly

a. We have that ;

Z is given as = (X-mean)/standard deviation

where X = 10, mean = 6.9 and standard deviation is 8.1 ------- for A

inputting values we have;

Z = (10-6.9)/8.1 = 0.3827

Using the NORMDIST function in excel, [NORMDIST(0.3827)] = 0.649. This is the probability of earning less than 10%.

Hence the probability of earning more than 10% = 1-0.649 = 0.351 or 35.1%

b. At less than 0%;

X = 0, mean = 6.9 and standard deviation is 8.1

Thus Z = (0-6.9)/8.1 = - 0.8519. Using the NORMDIST function in excel, [NORMDIST(-0.8519)] = 0.1971 or 19.71%.

From this, the probability of earning less than 0% = 19.71%

c. Also For B;

X = 10%, mean = 4% and standard deviation = 3.5%

inputting values gives us ;

Z = (10-4)/3.5 = 1.7143.

Using the NORMDIST function in excel, [NORMDIST(1.7143)] = 0.9568. This is the probability of earning less than 10%.

Which makes the probability of earning more than 10% = 1-0.9568 = 0.0432 i.e 4.32%

d. Als, X = 0.

Giving us;

Z = (0-4)/3.5 = -1.1429.

Using the NORMDIST function in excel, [NORMDIST(-1.1429)] = 0.1265 or 12.65%

Thus the probability of earning less than 0% = 12.65%

e. Return on A = -4.36%

Thus z = (-4.36 - 6.9)/8.1 = -1.39. NORMDIST of -1.39 = 0.0822 or 8.22%

f. Return of B = 10.7%

Thus z = (10.7% - 4)/3.5 = 1.9143.

Its NORMDIST = 0.9722

This makes the probability of earning less than 10.7%.

Thus required probability gives us = 1-0.9722 = 2.78%

3 0

3 years ago

Two of the major advantages of a pass-through entity are that investors can _______ and _______. (choose two correct answers)

prisoha [69]

Two of the major advantages of a pass-through entity are that investors can assume the tax deductions and losses earnings.

An option to lower taxable income is a tax deduction. A standard deduction is a single, predetermined deduction. Higher-income taxpayers frequently have considerable deductible expenses, such as state and local taxes paid, mortgage interest, and charitable contributions, which is why itemized deductions are popular.

Any expense that is deemed "ordinary, necessary, and reasonable" and aids in the revenue generation of a firm is tax deductible. Usually, it is subtracted from the business's income before taxes.

Learn more about tax deduction here

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7 0

1 year ago