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allsm [11]
3 years ago
12

One of the causes of the financial crisis of 2008 was the connectedness of financial institutions, where financial assets for on

e firm are often debt for other financial institutions. Suppose that some of Storgan Manley's assets lose value as other financial institutions experience financial difficulty. What is this called?
Business
1 answer:
pychu [463]3 years ago
3 0

Answer:

financial crisis

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Locating close to suppliers reduces these cost
noname [10]
Locating close to the raw material supplies can reduce where raw materials are heavy and large quantities are used up in production costs. This is particularly true for industries like steel, which uses large quantities of iron ore in the production process.
5 0
3 years ago
Natalie and Curtis have been experiencing great demand for their cookies and muffins. As a result, they are now thinking about b
lukranit [14]

Answer:

Cookie & Coffee Creations Inc.

a) Current Portion of Note Payable:

= $4,000

b) Long-term Portion of Note Payable:

= $6,000

Explanation:

Data and Calculations:

Date of Note Payable = November 1, 2017

Period = 3 years

Interest rate = 5%

Terms of payment:

Fixed principal payments = $2,000

Payment dates = May 1 and November 1

Each year's principal repayment = $4,000 ($2,000 x 2)

From November 1, 2017 to October 31, 2018 = $4,000

At October 31, 2018, Payment made = $2,000 on May 1

Remaining Note payable = $10,000 ($12,000 - $2,000)

Current Portion = $4,000 ($2,000 x 2)

Long-term Portion = $6,000

b) The current portion of $4,000 will be payable on November 1, 2018 and May 1, 2019.  The current portion represents the short-term portion of the note payable, which is the portion that will be settled within a 12-months' period.  Since Cookie & Coffee Creations Inc. had already paid $2,000 on May 1, 2018, the long-term portion will only remain $6,000 ($12,000 - $2,000 - $4,000), which is the difference between the total note payable, the portion paid on May 1, 2018, and the current portion of $4,000 that will be payable within one year.

5 0
3 years ago
Smith is a CPA. His neighbor, Jones, asks him to prepare his tax return. Jones and Smith are casual friends. Smith prepares the
kati45 [8]

Answer:

Jones is liable to pay.

He is liable to pay to the tune of $1000. This may be negotiated however if it is not fair.

Explanation:

See the following points

  • The question above is an example of Implied At-law contracts. (We will get to the definition of this in a bit).
  • A contract is a legally binding agreement that recognises and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of<u> the Law</u>. From the above definition it is clear that two people may actually be engaging  in a contract without knowing it.
  • The law defines that a contract is.
  • Contracts may be Express or Implied.
  • Express contracts are simply contracts that are stated expressly, or openly, in either writing or orally, at the time of contract formation.
  • Implied contracts are created when two or more parties have no written contract.
  • There are two types of implied contracts:

  1. Implied In-Fact Contracts: these are contracts which create an obligation between the parties based on the facts of the situation. For example, assume your neighbor hires you to wash his car every Friday for the entire holidays. You wash your neighbor’s car for the first four weekends of the holidays and get paid on Friday morning each time. The fifth Friday you wash the car and when you arrive at your neighbor’s house for your pay, your neighbor refuses to pay you.                                           The law will infer that there is a contract between you and your neighbor, even though you never put anything in writing. This is an implied in-fact contract.

       2. The other type of Implied contract is that which is Implied At-Law

In the case between Jones and Smith, the law imposes a duty to perform a contract, and will enforce such a contract even against a person’s will, where the situation is such that without this legal intervention, one party would be <u>unfairly enriched</u> or advantaged by another party’s action.

  • In the question above, Smith is a CPA. He is qualified in every respect to carry out Professional Tax services. His services may be relied upon with a great degree of confidence.
  • If Jones had not filed those tax returns, he probably would have lost monies that should have accrued to him from the government.

This type of agreement is also considered a quasi-contract. A quasi-contract occurs where the law imposes an obligation upon the parties where in fact the parties did not intend to enter into a contract and made no promise to perform.

However, because one party would be unjustly enriched by another party’s action, the beneficiary of those actions must make restitution or pay fair value for the services provided, even though there was never any intention to enter into an agreement.

Cheers!

4 0
3 years ago
The most expensive benefit is usually
Veronika [31]

Answer:

c

Explanation:

the health care because it is very expensive benefit

6 0
3 years ago
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how might a recent college graduate's investment portfolio differ from someone who is nearing retirement?​
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Answer:

A recent college graduate's investment portfolio will differ from someone who is nearing retirement due to the length of time someone who is at the end of their career has had to invest whereas someone who is a recent college graduate hasn't had the time/money to invest

Explanation:

4 0
3 years ago
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