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Lena [83]
3 years ago
10

Greg Knowles owns a business, Clean and Paint. Clean and Paint has 47 employees, equipment worth $350,000, and signed contracts

for work that total $450,000. Tragically, Greg has a massive heart attack and passes away. Greg leaves behind his wife and three children. Which of the following is correct?​ a. ​The business is dissolved and cannot continue. b. ​The equipment will be sold, the business liquidated, and proceeds distributed first to the employees. c. ​The employees now own the business. d. ​The business could be liquidated or continued by Greg’s heirs.
Business
1 answer:
svetlana [45]3 years ago
4 0

Answer:

D. "The business could be liquidated or continued by Greg's heirs"

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When making business changes in the short run, management sometimes gets locked in to certain costs arising from previous decisi
Jlenok [28]

Answer: This is the type of cost known as Sunk.

  • sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken.

  • A sunk cost refers to money that has already been spent and which cannot be recovered. ... Sunk costs are excluded from future business decisions because the cost will remain the same regardless of the outcome of a decision.

  • The sunk cost effect is manifested in a greater tendency to continue an endeavor once an investment in money, effort, or time has been made. Evidence that the psychological justification for this behavior is predicated on the desire not to appear wasteful is presented.

3 0
3 years ago
A broker moves his office without telling the FREC where he is moving. Two weeks later, a seller comes in and lists his property
FrozenT [24]

Answer:

Yes

Explanation:

In this specific scenario, it can be said that Yes the seller can refuse to pay the broker a commission. This is because the broker's license ceases to be in force when the broker changes his address without notifying the FREC within 10 days. Therefore, since the broker moved and did not notify the FREC where he moved to, and did not register his new address then the seller is within his rights to refuse payment to the broker.

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3 years ago
< Back to Assignment Attempts: Average: / 1 2. Introduction to the foreign-currency exchange market In an open economy, why i
Fofino [41]

Answer: Net capital outflow is determined by the real interest rate, not the real exchange rate

Explanation:

In the foreign-currency market, the supply of dollars is not dependent on the real exchange rate and so the supply curve will be vertical to indicate this independence by showing inelasticity which means that it is unaffected by the variables in the foreign-currency market.

Supply of dollars is rather dependent on the real interest rate.

This is because dollars get into the world economy (supply of dollars) as a result of investments by Americans into markets abroad in the form of Net Capital Outflow. If American real interest rate is low, Americans will invest in other countries with a higher rate of return thereby pumping more dollars into the world economy.

7 0
3 years ago
n 2010, Tara used $50,000 from funds she had invested in certificates of deposit as a down payment to buy a house. What function
yuradex [85]

Answer:

Medium of Exchange

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A certificate of deposit represents a legal document issued by a commercial or economic institution such as a bank as evidence of a sum of money deposited by the individual for a particular period and with a specified rate of interest.

A Medium of Exchange, on the other hand, represents an intermediary system or instrument that can be used to make sales, purchases and facilitate the trade of goods or services between various parties. To qualify as a medium of exchange, the instrument should have a standard face value and must be acceptable to all parties.

Since Tara was able to put down $50,000 as represented on the Certificates of deposit, it becomes a medium of exchange, because it has a standard face value (as determined by the bank) and it is acceptable both by Tara and the estate from which Tara is purchasing the house.

3 0
3 years ago
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zloy xaker [14]

An <u>inferior good.</u>

<u></u>

For inferior goods, when income rises demand falls.

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