Answer:
Strategic plan.
Explanation:
A strategic plan is a document that establishes the direction of an organization. It can be a single page or fill up a binder, depending on the size and complexity of the business and work. Most managers can benefit from having a strategic plan.
Answer: Debit Interest Receivable and credit Interest Revenue, $2950
Explanation:
Based on the information given in the question, we have to calculate the interest accrued and this will be:
= $590,000 × 6% × 1/12
= $590,000 × 0.06 × 0.08333
= $2949.882
= $2950 approximately
Therefore, the adjusting entry that Sandhill should make on December 31, 2020 will be to:
Debit Interest Receivable and credit Interest Revenue, $2950
Answer: A. $250 million
Explanation:
The firm is a Monopoly and is lobbying Congress to remain that way. As a monopoly it makes $10 million a year and wants to remain a monopoly for the next 25 years.
Assuming there is no discount rate which means that the value of money stays the same over the 25 years, if they succeed in Congress, they have a chance to make a total profit of,
= 10 million * 25 years
= $250 million
If the maximum amount the firm can make if the lobbying is successful is $250 million, this is the maximum they will pay to lobby for a deterrence to entry. If they pay any amount more than $250 million, they will be making a loss and therefore it would make no sense to spend that amount of the lobbying.
Answer:
$73,254.81
Explanation:
We assume fees paid as annuity (PMT). Now, we have to find Present Value (PV) of annuity
PV = PMT*(1- 1/(1+r)^n) / r
Where PMT = 10000, n = 8 payments, r r = 4.0%/2 = 2% = 0.02
PV = $10,000 * (1 - 1/(1+0.02)^8) / 0.02
PV = $10,000 * (1 - 1/1.171659381) / 0.02
PV = $10,000 * 0.146509629 / 0.02
PV = $73254.8145
PV = $73,254.81
$73,254.81 is the money i must deposit today if i intend to make no further deposits and would like to make all the tuition payments from this account.
Answer:
C. Spencer will win because regardless of whether Glen was acting within the scope of his employment, Sally is liable for his negligence
Explanation:
Spencer will win the lawsuit and Sally is liable for negligence.
This is because, Sally was the person originally hired to do the roofing job.
She hired other workers to help her with the job, so she's liable to their actions and inactions.
Sally is operating under a working agreement (contract) and has already charged a fee of $10,000 so any punitive damages would be her responsibility.
Spencer was moving around and Glen threw some roofing shingles without any word of warning to people that might be in harm's way. So for Glenn's actions, Sally is liable for his negligence.
