Answer:
may be liable for both the negligent and intentional acts.
Explanation:
In the case when an agent is within the scope of agent relationship that committed both type of acts i.e. negligent and intentional that results the injury to the third party so here the principal may be liable for both the act i.e. negligent and intentional as it is followed by the doctrine of respodeat superior
Therefore the second option is correct
Answer:
As price elasticity of supply increase the supply curve will be closer to the horizontal axis thus shallower.
Explanation:
The price elasticity of supply can be defined as a measure of how much the price of a good or service changes with a corresponding change in the supply of that specific good or service. This means that a good or service can be described as either elastic or inelastic depending on how it's price and supply parameters behave. Inelastic goods are those goods whose price change with reference to their supply do not change much. These goods are sometimes referred to as essentials since people tend to buy them even if the prices are high. On the other hand, elastic goods are those ones whose price fluctuates depending on the supply. These goods are called luxuries, since people buy them only when their prices are low, and avoid them when the price rises.
The price elasticity of supply can be determined using the expression below;
E=%Q/%P
where;
E=elasticity of supply
%Q=percentage change in quantity supplied
%P=percentage change in the price for the corresponding changes in quantity supplied
The supply curve generally represents changes in price verses the changes in quantity supplied. The price is plotted on the left vertical axis, against a corresponding quantity supplied on the horizontal axis.
A product that has more price elasticity of supply will cause the supply curve to be shallower: closer to the horizontal axis. On the other hand a product with less elastic supply will make the supply curve to be steeper: closer to the vertical.
Answer:
c. $550
Explanation:
Property has transfered by Carlos, and at the time of Transfer Carlos basis on the Property is $500.
So, from "Carryover basis" rule:
Corporation Tax basis on Property is = Basis of Carlos + Gain recognised.
= $500 + $50
= $550.
Therefore, The corporation's tax basis in the property received in the exchange is $550
Answer:
(A) 11.3% (B) $430,000
Explanation:
There seems to be an error in the compounding equation written as A(t) = 50,000(1.055)2t.
Compounding the semi annual return, the equation should be
where t is the number of years.
The equation is similar to the first expected that 1.055 is raised to the power of (2t) and not multiplied by it.
(A) Compounding at 5.5% semi-annually, the equivalent annual growth rate is computed as follows.
= 
= 1.113025 - 1
= 0.113025 = 11.3025%
= 11.3% (to the nearest tenth of a percent).
(B) In 20 years, the investment will be worth
(where t=20)
= 
= 
= 50,000 * 8.5133
= $425,665
= $430,000 (to the nearest ten thousand dollars)
Answer:
Work in process inventory ($83,000 + $32,000) $115,000
Factory overhead $19,000
To wages payable $134,000
(Being the labor is recorded)
Explanation:
The journal entry is shown below:
Work in process inventory ($83,000 + $32,000) $115,000
Factory overhead $19,000
To wages payable $134,000
(Being the labor is recorded)
For recording this we debited the work in process inventory and factory overhead and credited the wages payable so that the correct posting could be done
