Answer:
- 41.67%
Explanation:
For computing the rate of return first we have to compute the initial investment which is shown below:
= Number of shares × per share × initial margin percentage
= 300 shares × $60 per share × 60%
= $10,800
Now Loss on sale of common stock is
= (Selling price - purchase price) × number of shares purchased
= ($45 - $60 ) × 300 shares
= - $4,500
So the rate of return will be:
= Loss ÷ Initial Investment
= - $4,500 ÷ $10,800
= - 41.67%
The market basket is <span>a representative collection of goods and services. The correct option among all the options that are given in the question is the third option or option "c". The other options can be easily negated. I hope that this is the answer that has actually come to your great help.</span>
Answer:
Option B, OUTSIDE THE SCOPE OF EMPLOYMENT.
Explanation:
Scope of employment refers to where an employee was and what actions were being undertaken when the injury took place. If the employee was within the scope of employment, then the employer would likely be held responsible. But, if the employee was outside the scope of employment, then it is harder to prove the employer was negligent.
Within the scope employment means the injury took place; on or near work premises, during business trips, within a company's vehicle, while running an errand for the employer.
Outside the scope employment means the employee was not conducting any official business when the injury took place.
In the case of Francis, although he was on an official errand, he stopped in the middle of delivery route to have lunch with his friends which was not part of his official errand and he got injured while doing so.
Therefore, Francis would normally be considered to be acting: OUTSIDE THE SCOPE OF EMPLOYMENT.
Two methods of accounting for uncollectible accounts are the direct write-off method and the allowance method.
<u>Explanation:</u>
Direct written-off method:
Here, the charging of bad debts in expense only when individual invoices are identified as uncollectible.
Allowance method:
Here, an estimate of future value of bad debt is charged in reserve account after a sale is completed.
<em>Difference between direct write-off method and the allowance method:</em>
Accuracy: The accurate amount of the bad debt expense is noted under direct write-off method as specific invoice is being noted, while only approximate value is charged off under allowance method.
Timing: The bad debt expense identification is delayed under direct write-off method, while it is quick under the allowance method.
Receivable line item: It is low under allowance method, since reserve is being evaluated against receivable amount.