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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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On January 1, 2014, Simmons Company sold to Flay Corporation $400,000 of its 10% bonds for $354,118 to yield 12%. Interest is pa

sergeinik [125]

Answer:

$21,322

Explanation:

The computation of the interest expense for the six months ended December 31, 2014 is shown below:

On January 1

The face value of the bond = $400,000

Carrying value of the bond = $354,118

So, unamortized discount is $45,882 ($400,000 - $354,118)

On July 1

The interest expense = $21,247 ($354,118 × 12%) ÷ 2

The interest payment = $20,000 ($400,000 × 10%) ÷ 2

So, the discount amortized is

= $21,247 - $20,00

= $1,247

The face value = $400,000

The unamortized discount is $44,635 ($45,882 - $1,247)

The carrying value of the bond $355,365 ($400,000 - $44,635)

On December 31,2014

The interest expense = $21,322 ($355,365 × 12%) ÷ 2

The interest payment = $20,000 ($400,000 × 10%) ÷ 2

6 0

3 years ago

In 2016, the company purchased $5,691 in new fixed assets. The tax rate is 30 percent. How much in fixed assets did the company

k0ka [10]

If a company purchased $5,691 in fixed assets, the other company sold them $5,691 in fixed assets. Regardless of taxes, they still sold and purchased the same amount of fixed assets. Now, if the $5,691 includes taxes and we are not wanting to use that as a number for sales purposes then the company sold $4,375 because when taxed at 30% the total is $5,691. A fixed asset is an item that is purchased for long-term use such as land, buildings and equipment.

8 0

3 years ago

Autocorrelation functions of covariance stationary series. While interviewing at a top investment bank, your interviewer is im-

Montano1993 [528]

Answer:

Only the first autocovariance function : γ(t,r) is covariance stationary, the remaining are not covariance stationary

Explanation:

For a process to be covariance stationary/ weak stationary/ second order stationary it must satisfy these two conditions below:

In order words, {Xt} is said to be (weakly) stationary if :

1. it is independent of t, and

2. For each h, x(t + ћ, t) is independent of t.

In that case, we write:

γX (h) = γX (h,0⇒)

Hence only the first autocovariance function : γ(t,r) is covariance stationary since Autocorrelation function (ACF) is time independent.

The remaining are not covariance stationary because ACF is time dependent.

3 0

3 years ago

The revenue recognition principle states that companies typically record revenue:_____.

Olin [163]

The revenue recognition principle states that companies typically record <u>revenue in the period in which they provide goods and services to the customers</u>.

The revenue recognition principle approach that agencies' sales are diagnosed while the product or service is taken into consideration and introduced to the customer — now not when the cash is acquired

The revenue recognition precept states that sales should be recognized and recorded while it is realized or realizable and when they are miles earned. In different phrases, groups shouldn't wait till sales are really accrued to document it in their books. revenue needs to be recorded when the business has earned the revenue.

According to usually accepted accounting principles, for a company to document revenue on its books, there needs to be a vital occasion to signal a transaction, including the sale of products, or a contracted mission, and there needs to be a fee for the products or services that matches the said price or agreed-upon fee.

Learn more about revenue recognition here brainly.com/question/26275324

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6 0

2 years ago

Which group of a corporation is responsible for running the day to day matters of the corporation?

adelina 88 [10]

Officers are all those individual people or staff who manage the corporation's day-to-day operations.

<h3>What are the responsibilities of corporate officers?</h3>

Officers of a corporate entity are important management executives who oversee the day-to-day operations of the company. They are appointed by and report to the board of directors, and they oversee specific industry functions based on their background and expertise.

<h3>Is indeed an officer the same as a director?</h3>

Everything You Have to Know About Officers vs. Directors When comparing an officer and a director, a director is a person who manages important business affairs, whereas officers oversee daily operations. Officers are also directly involved in the day-to-day management of the business.

To know more about responsibilities of corporate officers visit:

brainly.com/question/17205097

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4 0

2 years ago