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Umnica [9.8K]
3 years ago
5

A party who has been induced to enter into an illegal contract because of fraud, duress, or undue influence can sue the other pa

rty and recover whatever consideration he has paid.
a. True
b. False
Business
1 answer:
anygoal [31]3 years ago
3 0
B. False is the right answer 
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Bus 322 when the organization makes a large-scale change, such as organizational restructuring, the change would be considered:
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Renovating. Hope this helps you.....
7 0
3 years ago
Wild company purchased an asset. Wild used the Modified Accelerated Cost Recovery System (MACRS) to depreciate the asset for tax
Lady_Fox [76]

Answer:

The correct answer is A.

All other things being equal, in the early years of the asset's life, the amount of income shown <u>on the tax return will be higher than  the amount of income shown on the income state.</u>

Here's why    

       

Explanation:

In the United States, the Modified Accelerated Cost Recovery System (MACRS) is a depreciation system used for tax purposes.

It allows the capitalized cost of an asset to be recovered over a specified period via annual deductions. The MACRS system puts fixed assets into classes that have set depreciation periods.

This depreciation system allows an asset to be depreciated faster in the first years of an asset's life and slows depreciation later on. This is beneficial to businesses from a tax perspective.

This is logical, the less the value of an assets, the less the property tax applicable to it and so the company increases it's bottom line in tax savings whiles maximizing the useful life of the asset.

Cheers!

4 0
2 years ago
Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year​ (in thousands).​ Manage
Artist 52 [7]

Answer:

The​ division's Return on Investment​ (ROI) is 180%

Explanation:

The computation of the return on investment is shown below:

= (Operating income) ÷ (total assets) × 100

= ($​1,800,000) ÷ ($1,000,000) × 100

= 180%

The return on investment shows a relationship between the operating income and the total assets / investment.

The other information which is given in the question is not consider in the computation part. Hence, ignored it

8 0
3 years ago
An increase in the standard of living results from an increase in which of the following?​
Alenkinab [10]

Income and employment.

Standard of living is the level of wealth and comfort available to individuals.

7 0
2 years ago
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What percentage of new businesses fail in the first year?
Y_Kistochka [10]
60 percent, around 95 percent of businesses fail within the first five years of trading
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2 years ago
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