FedEx asserted that the FMCSRs obliged FedEx to require a successful DOT medical examination as a requirement of the job. The district court agreed and granted summary judgment for FedEx on both grounds. However, because their de novo review of the record shows that summary judgment was improper, they reverse and remand for further proceedings consistent with this opinion. However, after much analysis, it came to a conclusion that t<span>he appellant (Samson) here cannot drive because he did not pass the physical exam. FedEx correctly rescinded his conditional offer of employment.</span>
Answer:
Explanation:
Depreciation: It is a reduction value in the assets due to tear and wear, usage of fixed assets, obsolesce. The depreciation expense is shown in the income statement whereas the accumulated depreciation is shown in the balance sheet under the assets and this amount is deducted from the value of the fixed assets
The adjusting entries are shown below:
For equipment:
Depreciation expense A/c - Equipment Dr $3,600
To Accumulated depreciation - Equipment $3,600
(Being depreciation expense adjusted)
For land:
No journal entry is required as land is not depreciated.
Answer:
Residents (people's) reaction to Incentives
Explanation:
An incentive represents something, an action or a law that causes people to act or change their behaviour about something at a particular time. Basically, incentives work by making rewards available to individuals who change their behaviour on a targeted issue.
Usually, since people rationally compare the costs and benefits of their actions, incentives gives them the opportunity to raise their perception of this costs and benefits and also induces them to respond.
Florida increases the tax on alcoholic beverages, the people still see the benefits of taking alcohol but not at the increased, the reaction therefore, is to purchase in surrounding states where they are still cheaper without a tax increase.
It should be noted from the Florida example that the reaction of people to incentives can both be negative and positive. This example shows a negative response as a result of raised costs when compared with benefits.
Answer:
each policy will pay $25,000 of the loss
Explanation:
Based on the scenario being described within the question it can be said that the each policy will pay $25,000 of the loss. This is an equal share for each policy and is due to them having the pro rata liability clause. This clause states that a policy is only liable for an equal percentage of the loss if the insurer has other policies from other companies. As in this case.
