Answer:
A painter hired to paint your home.
Explanation:
Delegation of contractual duty occurs when the individual that is supposed to perform a task transfers the responsibility of performing the task to another person.
For example if someone is supposed to paint a house but he has other engagements. He can delegate to another painter to perform the painting.
Delegation does not transfer contractual rights as the original person still collects payment for performance of the task.
Usually delegation can occur for tasks that do not require special skill and can be performed by anyone.
In the other scenarios special skill is required so delegation will not be usually allowed.
Answer:
The answer is:
focus group
Explanation:
a focus group is a small group of a population, made up of the different categories of the members of the larger population (demographic diversity, whose reactions on particular research are studied using a guided or open discussions, to reflect reliably the reactions that can be expected from the larger population. Use of focus groups is for data collection. In this example, the intended research is on "how homeowners do yard work" and " their views on hiring lawn care services". The group to be focused on (focus group) is the homeowners, so anyone who does not own is home is not part of this group and in order for this group to accurately reflect all the homeowners population, it should include men and women, with different types of homes.
Answer:
B
Explanation:
Money as a medium of exchange means money can be used a means of payment. That is, money is used is sorting everyday transactions. Recall that there are three motives of holding money;
1. Transactionary
2. Precautionary
3. Speculative
Transactionary motive means you can use money to sort your everyday transactions.
Precautionary motive - You can save money for rainy days. (i.e. accident, sickness etc)
Speculative motive means you can use money to invest - make investment decisions with money (buy treasury bills, money market fund instruments, currency, etc)
All of the above motives can not be achieved if money does not serve as a means of payment.
Money as a medium of exchange means the legal tender (money) has a government backing.
Answer:
$25,161.15
Explanation:
The computation of the present value of the cash flows is presented below:
Years Cash flows Discount factor Present value
1 $7,500.00 0.9174311927 $6,880.73
2 $3,000.00 0.8416799933 $2,525.04
3 $9,000.00 0.7721834801 $6,949.65
4 $12,430.00 0.7084252111 $8,805.73
Present value $25,161.15
The discount factor should be computed below
= 1 ÷ (1 + rate)^years
Answer:
Here no loss would be recognized by Julian on the transfer of shares and his basis inn Apricot corporation would be $400,000.
Explanation:
In the case of transfer of share made by Julian ( from Lemon company to Apricot company ) , no loss would be recognized by him, as the loss or gain would have been recognized only when the sale was made but that didn't happened.
His basis in the Apricot corporation would be equal to his tax basis in the Lemon company, so therefore his basis is equal to $400,000.
