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3 years ago

Business law

Business

1 answer:

IRINA_888 [86]3 years ago

5 0

Answer:

In the context of the given question, I agree that the Supreme court should uphold the statute.

Explanation:

This is because the state must have identified and analysed the need for such a statute, to lower any illegal trade practices and to come down heavily on vehicle dismantler who do not execute their business lawfully by maintaining proper records and following ethical work practices as deemed to be correct by the law.

Since the owner was found guilty of not recording vehicle dismantling records, holding an official dismantler's license and spare parts, the owner cannot challenge the police forces. Also, I feel the trial court did a wrong judgement by supporting the owner and declaring that the statute is unconstitutional. Whatever has been described here is for the law and order of the state, so there is no need to counteract.

Therefore, the Supreme court should dismiss trial court's verdict and uphold and enforce the statute in the interest of the state and public.

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Which clause protects proceeds from creditors of the beneficiary?

Inga [223]

The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also, it prevents the beneficiary's reckless spending of benefits.

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3 years ago

On December 31, 2016, Marin Inc. borrowed $4,500,000 at 12% payable annually to finance the construction of a new building. In 2

denis23 [38]

Answer:

$274,500

Explanation:

*March 1 : Amount spent = 540,000; Period = 10

Weighted average accumulated expenditure = (10/12)*540000= 450,000

*June 1: Amount spent = 900,000; Period = 7

Weighted average accumulated expenditure = (7/12)*900000= 525,000

*July 1: Amount spent = 2,250,000; Period = 6

Weighted average accumulated expenditure = (6/12)*2250000= 1,125,000

*December 1: Amount spent = 2,250,000; Period = 1

Weighted average accumulated expenditure = (1/12)*2250000= 187,000

Therefore total Weighted average accumulated expenditure = 2,287,500

Interest on weighted average = 12% * 2,287,500 = 274,500 = Avoidable interest

Calculation of Actual interest on the instruments;

Bond: 13%*6,000,000= 780,000

Note: 10%*2,400,000= 240,000

Loan: 12%*4,500,000= 540,000

Actual interest = 1,560,000

According to GAAP; The least amount between Actual Interest and Avoidable interest can be capitalized.

Following the figures above, amount of interest to be capitalized in 2017 in relation to the construction of the building is $274,500

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3 years ago

Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1

zloy xaker [14]

Answer:

Debit unearned rent for $3,375

........Credit rent revenue for $3,375

Explanation:

The adjusting entry made by Fragmental Co. on December 31 is calculated as;

Number of months from October 1st to December 31st = 3 months

Rent revenue earned for 3 months = $1,125 × 3 = $3,375

Therefore, the adjusting entry would be;

Debit unearned rent for $3,375

..........Credit rent revenue for $3,375

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3 years ago

according to federal labor laws, which of the following employer acts is absolutely prohibited during an organizing campaign? a.

DedPeter [7]

Threatening employees with the loss of their jobs if they vote to unionize.

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Supervisors and managers are not allowed to coercively interrogate you about your union involvement or the union activity of your coworkers, spy on you (or give the impression that they are doing so), threaten you, or bribe you. These actions are not grounds for dismissal, reprimand, demotion, or other type of punishment.

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The Taft-Hartley Act outlawed jurisdictional, wildcat, solidarity, and political strikes, as well as secondary boycotts, secondary and mass picketing, closed workplaces, and financial contributions by unions to federal political campaigns.

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2 years ago

What is the study of business

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Explanation:

The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers. Business is influenced by and impacts on the cultural, ethical, environmental, political, and economic conditions of the day

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3 years ago

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