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3 years ago

A contract tells an organization how it must act and the consequences for failing to act properly.

1 answer:

6 0

<h2>Yes the statement is True. A contract tells an organization how must act and the consequences for failing to act properly.</h2>

Explanation:

It is true that a contract is an agreement which is stating rules and regulation and also the consequences which the company has to face if the rules are violated.

A contract,

is an legal agreement
is signed for specific period
contains rules
consists of benefits which the company will get
also contains terms & conditions which might change from time to time

should be signed by company as well as the party
should even be signed by the witness of both the side

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On October 1, 2017, Vaughn, Inc., leased a machine from Fell Leasing Company for five years. The lease requires five annual paym

Alisiya [41]

Answer:

Explanation:

1.Amount to be paid Annually to fell leasing Company = $10,000.

Incremental rate of borrowing = 11%

Lease Period = 5 yrs.

2. Value of lease equipment as on 1st October 2017 i.e., date of lease.

= 10,000 * (PVOA) = (11* for 5 years)

=10,000 * 3.6959 (using -PVAF table)

= $ 36,959

Factors are used according to the table of PVAF

3.Lease liability as on 31-12-2017

= 10,000 * PVAD (11 * 4 years) [since 4 years in these)

= 10,000 * 3.44371

= $ 34,437.10

Lease liability as on 31st Dec 2018

= 10,000 * PVAD (11% 3 years) (still 3 yrs left as on 31-12 -2018)

= 10,000 * 2.71252 = $ 27,125.20

7 0

3 years ago

john a supervisor at the local factory revicea freuesnt requests from workers on how to fix the machine they use what shoud, joh

faust18 [17]

The answer is John should continue to fix the machine himself.

3 0

2 years ago

Integrated Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same fa

yan [13]

Integrated is a close corporation.

<h3>What is corporation?</h3>

A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes.
Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.
There are four main forms of corporations: sole proprietorships, Limited Liability Companies (LLCs), S-Corporations (S-Corps), and C-Corporations (C-Corp).
Examples of corporations are Apple Inc., Walmart Inc., and Microsoft Corporation.

<h3>What is a close corporation?</h3>

A close corporation is a business that has fewer shareholders than the statutory limit and is not a public company.
The maximum number of shareholders is typically 35, though this varies according on the state's corporate regulations.

Learn more about corporation here:

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5 0

1 year ago

For 2021, Sherri has a short-term loss of $2,500 and a long-term loss of $4,750. a. How much loss can Sherri deduct in 2021?

lakkis [162]

Based on the information given the amount of loss that Sherri deduct in 2021 is $3,000.

<h3>Short-term loss and long-term loss</h3>

Since he had both short-term loss and long-term loss the amount of loss that is deductible is $3,000 of capital loss. ($1,500 each for married filing separately).

Both the short-term loss and the long-term loss are combined up to the limit of the amount of $3,000 and the capital loss in excess of the amount of $3,000 are carried forward to following year.

Inconclusion the amount of loss that Sherri deduct in 2021 is $3,000.

Learn more about short-term loss and long-term loss here:brainly.com/question/25117603

7 0

2 years ago

If the United States wanted to reduce the cost of its goods in foreign markets, it could ________ its currency.

Kruka [31]

Answer:

Devalue its currency

Explanation:

Exchange Rate is the conversion rate of domestic & foreign currency.

Eg $1 = _ € .

Devaluation means deliberate fall in value of domestic currency in terms of foreign currency (increase in foreign exchange rate) , under fixed exchange rate by government.

Eg : $1 = 5€ - change to - $1 = 7€ . This implies dollar can purchase less amount of euro , and has depreciated.

However , this would also lead to reduce the cost of its exports in foreign (here European market) , because US $ has become cheaper in terms of their currency & hence so have been their goods.

3 0

3 years ago