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eimsori [14]
3 years ago
10

Tim writes a note to his boss to apologize for an embarrassing typo in a recent publication. At the end of the message, he promi

ses that he will not let such a mistake get by him in the future. This promise is an example of
Business
2 answers:
Oxana [17]3 years ago
5 0
This is an example of shallow promise
aksik [14]3 years ago
5 0

Answer

This is an example of offering commitment

Explanation

offering commitment in this kind of a mistake in Tim's note means that he will commit him self to ensure that it will not happen again. This means he was not aware of the typo error but after it was noted he accepts it. So in order for this not happen again he promises to commit himself and by this he has to be checking his publications and to make sure that all errors are dealt with.

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Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $11.7 million, current ratio = 1.60 times,
Bas_tet [7]

Answer:

 The value of cash and marketable securities amounts to 2.01 million

Explanation:

The formula of Current Ratio is:

Current Ratio = Current Assets /  Current Liabilities

Current Assets = Current Ratio × Current Liabilities

                         = 1.60 × $11.7

                         = $18.72 million

Computation of Inventory:

Inventory turnover ratio  = Sales / Inventory

12.1 = $119/ Inventory

Inventory = $119 / 12.1

                 = 9.83 million

Computation of Accounts Receivable:

Average collection period = 365 / Accounts Receivable Turnover ratio

21 = 365 / Accounts Receivable Turnover ratio

Accounts Receivable Turnover ratio = 365 / 21

= 17.38

Accounts Receivable Turnover ratio = Sales / Accounts Receivable

                                                             = $119 / Accounts ReceivableTurnover ratio

                     Accounts Receivable    = $119 / 17.28

                                                             = $6.88 million

Computation of Cash and Marketable Securities:    

Current Assets = Inventory + Accounts Receivable + Cash and Marketable Securities

Cash and Marketable Securities =  Current Assets -Inventory - Accounts Receivable

                                                      = 18.72 -9.83 - 6.88

                                                     = 2.01 million

7 0
3 years ago
Rory threatens physical harm to force Sam to sell his business, Toney Tours, Inc. to Rory for a below market price. This contrac
igomit [66]

Answer:

The options for this question are the following:

a. a legitimate business tactic.

b. duress.

c. fraud.

d. undue influence.

The correct answer is b. duress.

Explanation:

Coercion is a crime against the freedom of persons that involves using violence to prevent a person (the taxable person from the crime) from doing something that is not prohibited by law, or performing a behavior against his will.

The violence used in this crime, not only refers to a physical force, but also to a psychological or moral violence such as personal intimidation, as well as the use of force in things.

5 0
4 years ago
Industrial ecology (select THREE): Group of answer choices
Pavlova-9 [17]

Answer:

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Explanation:

5 0
3 years ago
Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
Gnom [1K]

Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

6 0
3 years ago
Under a contract for the sale of land, the statute of frauds a. does not apply if the purchase price for the land is less than $
Iteru [2.4K]

C) Requires the defendant to sign the agreement.

<h3>The Statute of Frauds: What Is It?</h3>

A legal principle known as the statute of frauds mandates that certain types of contracts be performed in writing. The law covers agreements involving the sale of real estate, transactions involving items valued at more than $500, and agreements lasting a year or longer.

<h3>What criteria does the Statute of Frauds have?</h3>

Three conditions must be met in order to satisfy the Statute of Frauds.

  • It must first specify what the contract's subject matter is.
  • It must also state the existence of a contract between the parties.
  • The particular conditions of the contract must also be stated with a reasonable degree of precision.
<h3>What kind of agreement may not be accepted under the Statute of Frauds?</h3>

Several different sorts of contracts may not be upheld by the Statute of Frauds.

  • A contract with a completion date of less than a year serves as an illustration.
  • A contract would not be taken into account for the statute if someone promised to deliver a goods to someone's house within six months but never showed up.

learn more about Statute of Frauds here

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6 0
2 years ago
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