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3 years ago

Mr. Box and Carl have a dispute concerning a contract in which they have entered. The parties meet

Business

1 answer:

Ivanshal [37]3 years ago

6 0

Answer:

Arbitration

Explanation:

Arbitration is one of the mechanisms used in dispute resolution. It involves engaging an independent third party to make a binding decision on the disputed matter. The third part may be a single person known as the arbitrator or a tribunal made up of several arbitrators. The arbitration process is applicable only when the conflicting parties agree to it.

The arbitration process is similar to court proceedings. Each of the disputing parties is given a fair chance to argue their case and give evidence. The arbitrators are expected to be knowledgeable in the matters surrounding the dispute, or an expert on the law. The decision of an arbitrator is binding to all parties. Private entities and families prefer arbitration because it is faster , cheaper, and the conflicting issues are kept away from the public.

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Match each description with the corresponding group performance factor that best describes it.

Sladkaya [172]

Answer:

i b) Group cohesiveness

ii c) Group heterogeneity

iii a) Group norms

iv d) Social loafing

Explanation:

i b) Group cohesiveness (this terms refers to the strong link between members of a social group as a whole)

ii c) Group heterogeneity (Refers to inter functional collaboration, individuals from different fields will be working together)

iii a) Group norms (refers to the informal rules that a group adopts and regulate on its own)

iv d) Social loafing (this terms refers to the idea that people are prone to exert less effort while working in a group, considering that others will take care of the work)

3 0

3 years ago

Having recently found sources of oil on their own land, the newly established nation of Brotherton enacted a tariff on imported

Sunny_sXe [5.5K]

Answer:

revenue tariff

Explanation:

A revenue tariff is a tax levied on imported goods or services whose main purpose is to increase government revenue. It differs from other types of tariffs whose goal is to protect domestic products. E.g. a flat tariff levied on all types of imported goods.

8 0

3 years ago

You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement

Fed [463]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Option 1:

You can have $72,000 per year for the next two years

Option 2:

You can have $61,000 per year for the next two years, along with a $17,000 signing bonus today. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month.

The interest rate is 9 percent compounded monthly.

To calculate the present value, we need to use the following formula:

PV= FV/(1+i)^n

First, we need to calculate the final value on both options:

FV= PV*(1+i)^n

For each year

Option 1:

i= 0.09/12= 0.0075

n= 12

Year 1= 72,000*1.0075^24= 86,141.77

Year 2= 72,000*1.0075^12= 78,754.09

Total= 164,895.86

PV= 164,895.86/1.0075^24= 137,825.14

Option 2:

Year 1= 61,000*1.0075^24= 72,981.23

Year 2= 61,000*1.0075^12= 66,722.22

Total= 139,703.45

PV= 139,703.45/ 1.0075^24= 116,768.53 + 17,000= 133,768.53

Option 1 is more profitable.

8 0

3 years ago

True/False: the two most common means of acquisition are the entrepreneur's direct purchase of the firm's entire stock or assets

Neporo4naja [7]

Answer:

True

Explanation:

According to Thomas Duening and Robert Hisrich book "Technology Entrepreneurship: Taking Innovation to the Marketplace", the direct purchase has some problems: long-term capital gain to the seller and double taxation. The bootstrap purchase eliminates those problems: the acquiring company can acquire a small amount of the firm, 20 or 30% in cash and the remaining with a long-term note.

5 0

3 years ago

At the beginning of 2017, Miyazaki Company's Accounts Receivable balance was $105,000, and the balance in Allowance for Doubtful

madam [21]

Answer:

Miyazaki Company

a. Analysis of transactions:

Sales in 2017 = $787,500

Credit Sales = $630,000 (80% of $787,500)

Total collections on account = $502,500

Uncollectibles written off = $3,000

Unpaid balance for the year = $229,500 ($105,000 + $124,500)

b. a) Bad Debt Expense = $18,900

b) Bad Debt Expense = $14,820

c. Net Realizable Value of Accounts Receivable on December 31:

a) b)

Unpaid balance for the year $229,500 $229,500

Allowance for doubtful accounts (18,900) (14,820)

Net Realizable Value = $210,600 $214,680

d. The recognition of bad debts expense does not have any direct effect on the net realizable value. It is the Allowance for doubtful accounts that has a negative effect on the net realizable value.

The write-off of accounts reduces the net realizable value by $3,000.

Explanation:

a) Data and Calculations:

Beginning balances:

Accounts receivable = $105,000

Allowance for Doubtful Accounts = $1,950

Sales in 2017 = $787,500

Credit Sales = $630,000 (80% of $787,500)

Total collections on account = $502,500

Uncollectibles written off = $3,000

Unpaid balance for the year = $229,500 ($105,000 + $124,500)

Bad Debts Expense = $18,900 ($630,000 * 3%)

Allowance for Uncollectibles = $13,770 ($229,500 * 6%)

a) Allowance for Doubtful Accounts:

Account Titles Debit Credit

Beginning balance $1,950

Accounts receivable $3,000

Bad Debts Expense 18,900

Balance 17,850

b) Allowance for Doubtful Accounts:

Account Titles Debit Credit

Beginning balance $1,950

Accounts receivable $3,000

Bad Debts Expense 14,820

Balance 13,770

6 0

3 years ago