Answer: Option B
Explanation: As per the US law, a firm having less than five hundred employees in its business is classified as a small firm. These could be partnership, company or a sole proprietorship.
These business operate on a smaller level but the number of such firms is really high in market. Thus, these firms generate a lot of employment in an economy as the constant need of employees resulting due to high potential of growth.
Thus, from the above we can conclude that the correct option is B.
Answer: A Contract was formed on February 5th
Explanation:
The contract was formed the very day that Bob mailed Ann his acceptance which was on the 5th of February.
Ann attempted to revoke the acceptance too late as she did it a day after he had emailed his acceptance even though she only received it on the 7th.
The date she received the acceptance is of no consequence because this falls under the Posting Rule. This rule in Common Law countries essentially states an agreement is made as soon as the letter is posted even if it never gets to it's destination.
Answer:
$51,200
Explanation:
Gross income computation includes all forms of income such as wages, rents, royalties, dividend etc. However, gifts and inheritances are not considered as a part of the gross income.
Therefore, Sandy's gross income consist of her salary, and the interest income
Sandy's Gross income = 50000 + 1200
= $51,200
The inheritance of her grandmother's estate and car gift are not included as a part of Sandy's gross income.
Answer:
Price elasticity
Explanation:
The company needs to check that the elasticity of demand is such that a decrease in the price would result in increase in the demand for the cars and trucks. Only when the demand is elastic, a cut in price would result in increase in demand for cars.
Here we can recall the concept of price elasticity which measures the responsiveness of change in demand of a commodity (in our case cars and trucks) due to change in the price of that commodity.
Ed= % change in quantity demanded / % change in price â¦.(1)
= (â²Q/Q)*100 / (â²P/P)*100
Here â²P refers to change that is difference between the price before cut and price after cut; similarly â²Q refers to change in quantity demanded for cars and trucks before price cut and after the price cut.
After simplification, we get
= (â²Q/â²P) (P/Q)
We can clearly notice in the formula (1) that if 1 % change in the price of car results in more than 1 % change in the demand for cars, the price cut is justifiable and profitable for the company and will lead to increase in the revenues for the company.
Answer:
The right approach is "55800".
Explanation:
The given values is:
Rate of interest,
= 9%
= 0.09
The interest cost will be:
=
= ($)
Assumed return on capital employed are X. Break will also be whenever the dual capital requirements participate in almost the same earnings growth.
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