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Igoryamba
3 years ago
7

Lueretained Attorney to appeal Lue's criminal conviction and to seek bail pending appeal. The agreed upon fee for the appearance

on the bail hearing was $50 per hour. Attorney received $800 from Lue of which $300 was a deposit to secure Attorney's fee and $500 was for bail costs in the event that bail was obtained. Attorney maintained two office bank accounts: a "Fee Account," in which all fees were deposited and from which all office expenses were paid, and a "Clients' Fund Account." Attorney deposited the $800 in the "Clients' Fund Account" the week before the bail heating. Attorney expended six hours of time on the bail hearing. The effort to obtain bail was unsuccessful. Dissatisfied, Lue immediately demanded return of the $800. It is now proper for Attorney to:
Business
1 answer:
mariarad [96]3 years ago
8 0

Answer:

The attorney should write a check to Lue for $500 and leave the rest of the money ($800 - $500 = $300) in the Clients' Fund Account. He also has to explain Lue that his legal fees were $300 (= $50 per hour x 6 hours) and resolve that matter with him.

The client is responsible for paying his legal fees whether he wins or losses a case unless some other specific arrangement was made.

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Michel Company owns 75% of the outstanding common stock of Aber Corp. On its current consolidated income statement, Michel Compa
Alexxx [7]

Answer:

Michel Company

On its current consolidated income statement, Michel Company should report:

the consolidated revenue and expenses of Michel Company and Aber Corp.

Explanation:

There is a 25% (100% - 75%) share for non-controlling or minority interest in the net income or loss of the Aber Corp.  With this, readers of the financial statements of the parent company, Michel Company, are well-informed that only 75% of the net income or loss from the Aber Corp. actually belongs to the stockholders of Michel Company.

5 0
3 years ago
what+would+you+pay+today+for+a+stock+that+is+expected+to+make+a+$1.50+dividend+in+one+year+if+the+expected+dividend+growth+rate+
Naya [18.7K]

The price of any security is nothing but the PV of Cash flows that are discounted at the required rate of Ret(Ke )Price = D1 / [ Ke - g ] = $ 1.5 / [ 16 % - 3 % ] = $ 1.5 / [ 13 % ] = $ 11.54.So, the Price of Stock today is $ 11.54.

The dividend rate of growth is the annualized share rate of growth that a selected stock's dividend undergoes over an amount of time. several mature firms ask to extend the dividends paid to their investors on a daily basis. Knowing the dividend growth rate may be a key input for stock valuation models identified as dividend discount models.

Being ready to calculate the dividend growth rate is important for the victimization of the dividend discount model. The dividend discount model is a kind of security-pricing model. The dividend discount model assumes that the calculable future dividends–discounted by the surplus of internal growth over the company's estimated dividend growth rate–determine a given stock's price.

If the dividend discount model procedure ends up in the next variety than the current price of a company’s shares, the model considers the stock undervalued. Investors who use the dividend discount model believe that by estimating the expectation of money flow within the future, they'll realize the intrinsic value of a specific stock.

Learn more about  Price of Stock  here: brainly.com/question/25818989

#SPJ4

8 0
2 years ago
Clay, "a production manager, believes that some of his workers are unhappy with their job, so they are not working as hard as th
ratelena [41]

Answer:

The answer is: Develop a positive work culture

Explanation:

Ever since the Hawthorne experiments by Elton Mayo way back in the 1920´s it has been proved over and over again that happy and positive employees are more efficient, have lower staff turnover, are more creative, etc.. Simply they are better workers.

It is not always easy to achieve the goal of a happy working environment and there is no formula for doing so. Management knows the benefits (better recruitment, worker loyalty, higher job satisfaction, more job collaboration, better morale, less stress, better work performance, etc) but not everyone can make it happen.

Some ideas about how to make a positive work culture include:

  • Let every employee know the vision of the company and the values the company stands for.
  • Hire the right people.
  • Make employees feel part of the unique story of the organization.
  • The company must practice its values.
  • Create a work environment were employees can connect with each other not only for working reasons but also on informal levels.
  • And many more that can be unique for every company (i.e. Google is famous for offering its employee lots of perks)
3 0
3 years ago
The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 2
Alecsey [184]

Answer:

Current value per share is $13.33

Explanation:

The two stage growth model of DDM can be used to calculate the price of the share today. The DDM values a stock based on the present value of the expected future dividends from the stock. The price of this stock under this model can be calculated as follows,

P0 = D0 * (1+g1) / (1+r)  +  [ (D0 * (1+g1) * (1+g2) / (r - g2)) / (1+r) ]

Where,

  • g1 is the initial growth rate which is 20%
  • g2 is the constant growth rate which is 5%
  • r is the required rate of return

P0 = 1 * (1+0.2) / (1+0.14)  +  [ (1 * (1+0.2) * (1+0.05) / (0.14 - 0.05)) / (1+0.14) ]

P0 = $13.33

5 0
3 years ago
During the month of April, direct labor cost totaled $15,000 and direct labor cost was 30% of prime cost. If total manufacturing
Andru [333]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

During April, direct labor cost totaled $15,000 and direct labor cost was 30% of prime cost. If total manufacturing costs during April were $79,000.

Manufacturing cost= direct material + direct labor + manufacturing overhead

Prime cost= direct material + direct labor

50,000= DM + 15,000

Direct material= 35,000

79,000= 35,000 + 15,000 + manufacturing overhead

manufacturing overhead= 29,000

8 0
3 years ago
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