Answer:
$80,000
Explanation:
Given:
Frank's fault = 80%
Fran's fault = 20%
Total loss of Fran = $100,000
Now, the state follows the comparative negligence
thus,
The Fran will recover the amount = Frank's fault in the total loss of Fran
Thus,
The Fran will recover = 80% of the total loss
or
The Fran will recover = 0.80 × $100,000
or
The Fran will recover = $80,000
Answer:
With personal selling, the salespeople go out into the market and explain the benefits of a product in person. This is what businesses prefer because they have to make large scale purchase decisions and so would like to develop a personal relationship with the supplier that will enable them to have all the information they need.
There is also a need for customization in the business market because business might want the goods supplied to be adjusted in a certain way to enable them process and sell it.
This is different from the consumer market where purchases are not as large scale and there is little need to customize goods. Advertising to the general public is therefore better because the goods would be standard and there would be no need for personal relationships as in the business market.
Answer:
$24,000
Explanation:
Since in the question it is given that the 3% of credit sales is considered to be a bad debt expense
where,
Credit sales is $800,000
And, the estimated percentage is 3%
So by considering this above information, the amount debited to bad debt expense is
= $800,000 × 3%
= $24,000
All the other information i.e to be given is not relevant. Hence, ignored it
The correct answer to this question is letter "c. federal employment act of 1940." Minimum wages, hours of employment, and child labor are regulated by the <span>federal employment act of 1940. This act should be implemented well so that to give fair to the employees.</span>
Answer:
Option A is a price floor, option B is binding and option C is price ceiling.
Explanation:
It is stated that the equilibrium price of a donut is $1.50.
If the government institutes a legal minimum price of $1.80 for a donut, that would be an example of price floor because the price cannot be lower than that. $1.80 is higher than $1.50 so it serves a purpose.
Option B is binding since any donut shop that wants to pay better wages is prohibited from hiring more workers.
The government prohibiting donut shops from selling a donut for more than $1.10 is an example of floor ceiling because the price can not go higher than $1.10.
I hope this answer helps.
