Answer:
Grace is incorrect because of the veil and alter ego theory
Explanation:
In this scenario Grace formed a corporation along with her three friends. As a result of catering services offered guest became ill and sued Grace and the other owners for damages.
According to the alter egos theory personal liability can be invoked on the owners of a corporation or its limited liability members.
Alter ego theory is used to penetrate the corporate veil that protects shareholders. Personal liability can be assigned on the business owner as it is in this case against Grace and the other owners.
Answer: B. is more price elastic in the long run than in the short run because in the long run a substitute for crude oil may be found
Explanation:
The Demand for Crude oil is more elastic in the long run than in the short run because in the long run a substitute for crude oil may be found.
Crude oil is more elastic in the long run because consumers have enough time to find substitute products for crude oil. Price elasticity of demand in the short run is low because consumers donot have sufficient time to look for substitutes , they donot have much of a choice but to take whatever price is charged by producers of crude oil
Answer:
$ 74.23
Explanation:
We are given the following:
mean, μ = $ 104.50
standard deviation, σ = $ 23.62
Using the z-score table, we have
P(Z < z) = 10% (since we are evaluating lowest 10% of values)
hence P(Z < z) = 0.10
P(Z < -1.282 ) = 0.10
z = -1.282 (this evaluates to 0.1 on the z-score table)
Using z-score formula,
x = z *σ + μ
substituting the values,
x =- - 1.282 * 23.62 + 104.50
= 74.23
The most for the stock is $ 74.23
Answer:
1. Andrew Carnegie
You probably recognize Andrew Carnegie’s name, since he’s one of the most famous and richest industrialists of all time. However, he didn’t accumulate his wealth as a result of formal education or a business-charged background. Instead, he dropped out of school at a young age and spent the major portion of his youth performing manual labor. He was a bobbin boy at a local cotton mill and then became a telegraph messenger. It wasn’t until he taught himself how to read and entered the railroad industry that he began to build the empire that would make him (and his family) a fortune.
2. John Paul DeJoria
You may not have heard of John Paul DeJoria, but you’ve certainly indulged in some of the beauty products attached to his name. Now a multi-billionaire and one of the most accomplished entrepreneurs in modern history, DeJoria got his start as a newspaper courier. To make ends meet, he worked as a tow truck driver and a janitor. Eventually, he found his way to working at a hair-care company, where he met his future partner, Paul Mitchell. With minimal experience and a $700 loan, the duo founded a company now known as John Paul Mitchell Systems. From there, DeJoria co-founded Patron Spirits and the House of Blues.
3. Harland Sanders
If someone asked you for a loan to start a restaurant, but had no formal culinary training or experience, would you make that loan? It seems crazy to think anyone could become a successful restauranteur without a background in the industry, but that’s exactly what Harlan “Colonel” Sanders was able to do. When he started his line of Kentucky Fried Chicken restaurants, the only experience he had was cooking for his siblings as a child and working at a number of odd jobs.
Answer:
Present Value = $9,417.69 (Approx)
Explanation:
Given:
Annual payment = $1,400
Total payments = 25
Rate = 8% = 0.08
Computation:
First payment [7 years from now
]
So,
Present Value = $1,400(1/1.08⁶)[1 - (1/1.08)²⁵] / 0.08
Present Value = $1,400[6.72692]
Present Value = $9,417.69 (Approx)
