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1 year ago

If the purpose of a licensing statute is to raise revenue, a contract with an unlicensed professional may be enforceable.

1 answer:

3 0

If the purpose of a licensing statute is to raise revenue, a contract with an unlicensed professional may be enforceable is TRUE.

Revenue raising statutes. these are licensing statutes enacted to elevate money for the government. unlicensed persons can put in force contracts and recover for rendering services.

Specialists to gain a license, authorities has some say over who can carry out which jobs as well as how many people can perform those jobs. 2. the second main purpose of licensing statutes is extra intently related to the general public interest.

Business licenses preserve corporations accountable for their sports and conduct and guard the general public's fitness and safety. professional licenses imply the quantity of competence and know-how that a specific professional possesses.

Learn more about licensing statute here:- brainly.com/question/15443448

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The main difference between the short run and the long run is that

pav-90 [236]

The main difference between the short run and the long run is that " in the long run, all inputs are fixed "

Explanation:

Both inputs are variable in the long run while a total of one input is set in the short run.

For example, rent can be set short-term but long-termly differently.

The main difference between long-term and short-term expenses is that there are neither long-term fixed nor short-term influences.

In the long term, the overall price point, negotiated wages and aspirations are fully adapted to the state of the economy.

Depending on variable costs and the production volume, short-term costs are increasing or declining. If a company controls the short-term costs over time, then the expected long-term savings and goals are more likely to be accomplished.

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3 years ago

several hours after eating, a chilled three-bean salad containing home-canned green beans, family members have difficulty breat

disa [49]

I'm not sure if there's ONE correct answer for this question.

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let me know if this helps.

7 0

3 years ago

List the 3 reasons why the Law of Demand occurs.

RSB [31]

Answer: Substitution Effect

Income Effect

Additional Customers

Different Uses:

Explanation:

The Law of Demand explains the downward slope of the demand curve, which posits that as the price falls the quantity demanded increases and as the price rise, the quantity demanded decreases, other things remaining unchanged.

6 0

4 years ago

in operations management, using resources to create value by providing customers with goods and services that offer a better re

zepelin [54]

The answer is Effectiveness

6 0

3 years ago

An insurance company must pay liabilities of 99 at the end of one year, 102 at the end of two years and 100 at the end of three

ale4655 [162]

Answer:

The correct answer is option (a) 0.8807

Explanation:

Solution

Given that:

We start from the liability of bond in 3 years.

Thus, the $100 liability can be an offset by Bond C.

The cash flow of Bond C and the payment of final coupon in year 3 is given as:

100 + (5%*100) = 105

Now,

the number of Bond C which will offset a liability of $100 which is = 100/105 = 0.9524 (All cash flows of Bond C is multiplied by this)

So, the remaining liability becomes

Time Liabilities cash flow Cash flow from Bond C Remaining liabilities

1 99 4.76 94.24

2 102 4.76 97.24

3 100 100.00

Thus,

The year 2 liability offset is $97.24

For Bond B, this can be the offset which contains a cash flow of $100 (which is a zero coupon bond)

The Bond number which are required for this offset is = 97.24/100 =0.974

The remaining cash flow is computed as follows:

Time = 1 ,2, 3

Liabilities cash flow = 99, 102, 100

Cash flow from Bond C =4.76, 4.76. 100.00

Remaining liabilities = 94.24, 97.24

Cash flow from Bond B = 0, 97.24

Remaining liabilities = 97.24

What this suggest is that The Bond A has to offset at approximately $94.24 in year 1.

The Cash flow from Bond A = 100 + (7%*100) = 107

Hence,

The number of Bond A's needed = 94.24/107 = 0.8807

8 0

3 years ago