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Elena-2011 [213]
3 years ago
12

Dmitri has insurance with Hysterical Coverage Insurance Company, Inc. (Hysterica Coverage). Dmitri has a wreck with Susie. The a

djuster for Hysterical Coverage orally agrees to pay Olya $1,000 for the damage to her car. The adjuster, however, gets in trouble with his boss for agreeing to pay too much. He tells Olya that he is backing out of the deal because the agreement is unenforceable on the basis that the statute of frauds requires that a contract to pay the debt of another be in writing. Discuss whether the adjuster is correct or not. In your discussion, you must discuss what constitutes primary versus secondary obligations and which of these obligations is within the Statute of Frauds
Business
1 answer:
VLD [36.1K]3 years ago
6 0

Answer:

For this situation agent isn't right in any way. The back up plan should acknowledged the essential duty to pay for all the harms that are brought about by the Dmitri. As this isn't an instance of misrepresentation as the safety net provider would consent to pay on the behalf of Dmitri on the off chance that he failed to pay.

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The fasb's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or ce
andre [41]

These gains and losses may be described or classified as either operating or nonoperating, depending on their relation to an entity's major ongoing or central operations.

<h3>What does Conceptual Framework say about profit and loss?</h3>
  • The Exposure Draft proposed that, because profit or loss is the primary source of information about an entity's financial performance for the period, the framework should include a presumption that all income and all expenses will be included in that statement.
  • The FASB's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations.
  • Nonoperating are “other” gains and losses.

To learn more about Fasb gain and loss, refer

to brainly.com/question/24448358

#SPJ4

7 0
1 year ago
In a 1960s movie, an heiress sends out thousands of letters to shareholders in an attempt to have them vote for her and for the
Vitek1552 [10]

Answer:

The kind of corporate takeover technique implemented in the film is proxy fight.

Explanation:

A proxy fight is termed as a technique where two corporate factions ask the stakeholders for the proxy votes such that the right of voting is transferred.

In this case both the parties, the heiress as well as the opponent is asking for the right of vote from  stakeholders so that they can decide the corporate future. This is the key feature of the proxy fight and thus this is the correct option.

6 0
3 years ago
Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 p
ycow [4]

Answer:

6.52%

Explanation:

For computing the nominal yield to call, first we have to find out the present value by applying the present value formula which is shown in the attachment below:

Future value = $1,000

Rate of interest = 6.50% ÷ 2 = 3.25%

NPER = 15 years  × 2 = 30 years

PMT = $1,000 × 8.25% ÷ 2  = $41.25

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $1,166.09

Now to determine the yield to call we use the RATE formula that is shown in the attachment below:

Present value = $1,166.09

Future value or Face value = $1,120

PMT = $1,000 × 8.25% ÷ 2  = $41.25

NPER = 6 years × 2 = 12 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the bond nominal yield to call is

= 3.26% × 2 years

= 6.52%

8 0
3 years ago
In a perfectly competitive​ market, all of the following statements are true​ except: A. Marginal revenue is the same as price.
Rashid [163]

Answer: Marginal revenue is equal to price times quantity

Explanation:

A perfectly competitive market is a market where there's a large number of both the producers and the consumers have full and symmetric information.

In a perfectly competitive​ market, the marginal revenue is the same as price and the marginal revenue curve is the same as the demand curve facing sellers.

It should be noted that the statement that the marginal revenue is equal to price times quantity is incorrect. The total revenue is equal to price times quantity.

6 0
3 years ago
What do you prefer Aldi or Lidl? and why?​
Jlenok [28]
Aldi!!! Personal preference due to the organization.
4 0
3 years ago
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