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Alona [7]
3 years ago
6

In the rule-making process, the legislature allows executive agencies wide latitude to make decisions within the broad requireme

nts set out in the law. This is referred to as
Business
1 answer:
abruzzese [7]3 years ago
5 0

Answer:

<em>Discretion</em>

Explanation:

In the legal system, <em>discretion is most often described as a judge's ability to choose where, how and how severely a person who has been convicted should be sentenced.</em>

An individual decides to use his or her options and decides what to use, whether he or she is a police officer who arrests a person on the street (criminal) or expels someone from an apartment (civil) or anywhere between.

There are some cases overruling or undermining the rule of law by imposing control.

Nevertheless, legislation can not be written without discretion, so the rule of law helps to direct discretion against societal expectations, standards and, at least in part, public interest.

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On an average day, Campus Cafe receives $26,482 in checks from customers. These checks clear the bank in an average of 1.3 days.
jasenka [17]

The highest daily fee to eliminate collection float is $551 (approx). According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.

<h3>What is a Collection Float?</h3>

Collection Float refers to an asset that is currently in a state of transition. It is used in two contexts:

  • Concerning the Shares
  • Concerning the Bank Deposits    

Given,

Average Daily Receipt = $26,482

Average clearing days = 1.3 days

Daily Interest Rate = 0.016%

Required to Calculate = Highest daily fee to eliminate collection float

Calculation,  

Highest daily fee collection float = Average daily receipt x Average clearing days x daily interest rate.

                                                        = $26,482 x 1.3 x 0.016%

Highest daily fee to eliminate  collection float = $550.8 which is $551 (approx).

Thus, According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.

Learn more about Collection Float here:

brainly.com/question/14253771?referrer=searchResults

#SPJ1

   

5 0
2 years ago
A car loan requiring quarterly payments carries an APR of 8%. What is the effective annual rate of interest?
ZanzabumX [31]

Answer:

Effective annual rate 8.24%

Explanation:

We solve for the effective rate by calcualte how much is the value of the APR with quarterly compounding.

(1+\frac{APR}{M} )^m = 1 + EAR

(1+0.08/4)^4 = 1+ EAR\\(1+0.08/4)^4 -1 =  EAR\\\\EAR = 0.08243216

6 0
3 years ago
Computer World, Inc. manufactures computer parts and keyboards. The annual production and sales of computer parts is 1,000 units
mihalych1998 [28]

Answer:

Estimated manufacturing overhead rate= $19 per direct labor hour

Explanation:

Giving the following information:

Computer parts= 1,000 units

Keyboards= 1,200

Computer parts require 3 direct labor hours per unit

Keyboards require 2.5 direct labor hours per unit.

The total estimated overhead for the period is $114,000.

The allocation base is direct labor hours. First, we need to calculate the total amount of direct labor hours.

Direct labor hours= total units per product*unitary direct labor hour required

Direct labor hour= 1,000*3 + 1,200*2.5= 6,000 direct labor hours

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 114,000/ 6,000= $19 per direct labor hour

7 0
3 years ago
Sumitomo Bank's risk manager has estimated that its DEAR of two of its major assets in its trading portfolio, foreign exchange a
Andre45 [30]

Answer:

-$380,789

Explanation:

Dear Portfolio = [(1,50,000)2 + (2,50,000)2 + 2(0.8)(1,50,000) ( 2,50,000)]0.5

= [$22500000000 + $62500000000 + $60000000000]0.5

= ($145000000000)0.5

= $380,789

4 0
3 years ago
Based on the projections, Decker will have a. a financing deficit of $36 b. a financing surplus of $36 c. zero financing surplus
GalinKa [24]

Answer:

B, A financing surplus of $36

Explanation:

As the question is incomplete so firstly I am going to write the question for you first and its solution

Question: Decker Enterprises Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statement Current Projected Sales na 1,500 Costs na 1,080 Profit before tax na 420 Taxes (25%) na 105 Net income na 315 Dividends na 95 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 Based on the projections, Decker will have

Solution :

We need to find total assets first

Current assets   = 115

Net fixed assets = 1440

Total assets = 115+1440= 1555

Secondly, we need to find sum of liabilities and stockholder equities to compare them with Total assets.

Liabilities = current liabilities + long term debt

Liabilities = 81 + 360 = 441

Equity = Common stock + retained earnings

Equity = 500 + 650 = 1150

Total equity + liabilities = 1591

Financial Deficit/Surplus = Total assets - Total  liabilities and stockholder equity

Financial Deficit/Surplus = 1555 - 1591

Financial Deficit/Surplus = -36 surplus

8 0
3 years ago
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