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Leya [2.2K]
4 years ago
12

Statutes that are enacted to protect the public are called licensing statutes. Generally, unlicensed persons cannot recover paym

ent for services when they do not have the required license. Problems arise if an unlicensed person tries to collect payment for services provided to another under a contract. Some statutes expressly provide that unlicensed persons cannot enforce contracts to provide these services. If a statute is silent on this point, enforcement depends on whether it is a(n) ________ statute or a revenue-raising statute.
Business
2 answers:
guapka [62]4 years ago
8 0

Answer:

If a statute is silent on this point, enforcement depends on whether it is a(n) REGULATORY statute or a revenue-raising statute.

Explanation:

Regulatory statutes regulate practitioners, e.g. doctors, constructors, real estate brokers, dentists, etc., and its main purpose is to protect the general public. This statues are state laws meant to regulate certain professions that may be considered sensitive or hazardous. E.g. a person that pretends to be a doctor can severely injure a patient or even kill him/her. A person that pretends to be a real estate broker can be committing fraud against his/her clients.  

Likurg_2 [28]4 years ago
5 0

Answer:

The correct word for the blank space is: regulatory.

Explanation:

Regulatory statues are those that deal with procedures related to federal, state, and local governmental agencies. Examples of the procedures dealt in such scenarios are applications for licenses or administration for social services such as subsidized housing, health care or welfare just to mention a few.

<em>Regulatory statutes give the advantage to unlicensed people to be eligible to enforce payments for contracts in the case the written agreement does not specify any provision explicitly.</em>

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Wayco Industrial Supply has a pretax cost of debt of 7.6 percent, a cost of equity of 16.8 percent, and a cost of preferred stoc
Vanyuwa [196]

Answer:

14.88%

Explanation:

Market value of common stock outstanding = 220,000 * $27 = $5,940,000

Market value of preferred stock = 25,000 * $41 = $1,025,000

Market value of bond = $550,000 * 101.2% = $556,600  

Wayco's total financing market value = $5,940,000 + $1,025,000 + $556,600 = $7,521,600

Weighted average cost of capital = [($5,940,000 / $7,521,600) * 16.8%] + [($1,025,000 / $7,521,600) * 9.1%] + [($556,600 / $7,521,600) * 7.6% * (1 - 34%)] = 0.1488, or 14.88%

8 0
4 years ago
PLEASE HELP!
Leto [7]
Hey there,

Your question states: <span>Which of the following best explains why zoos are not affected by the threat of new entrants?

Based on the option's above, I feel like the answer would be (</span><span>Starting a zoo has a high entry cost.) Because by doing this, this could make to (zoo) in better quality. So when things go down like (a cage) for example, they could easily pay it back with all the extra money they have.

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6 0
3 years ago
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What is the richest state?
Ivanshal [37]

Colorado not even kidding

8 0
4 years ago
Which of the following best describes civil procedure?
jeyben [28]

Answer:

The correct answer is D

Explanation:

Civil procedure is the body of law which sets or lay down the standards and the rules that the court follow when adjudicating or examine the civil lawsuits.

The rules are govern on how a case or a lawsuit is commenced, kind of pleadings, orders allowed in civil cases. So, it best stated with the process issued in the civil lawsuit.

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3 years ago
The scores you receive on the ACCUPLACER tests determine what?
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