<span>His or her insurance policy may be canceled at the end of the term.</span>
Answer:
a. Theresa has $200 interest income and a $400 loss from the bond in 2017
Explanation:
Since the bond was sold for $9,800 which includes the $200 accrued interest that means it reflects the interest income of $200
And, if we exclude the interest income from the sale value of bond, then the value is $9,600 and its purchase price without considering the accrued interest is $10,000. So, after comparing the purchase price and the sale price the loss of $400 would be determined
$9,600 - $10,000 = $(400)
Answer: Partnerships
Explanation:
A partnership is a legal form of business operation created between two or more individuals with a common goal, who are to share management and profits.
There are two recognized types of partnerships. The types of partnerships are general and limited partnerships.
In a general partnership, each of the partners controls the firm and assume full responsibility for the companies debts and profits.
In a limited partnership there is the presence of both the general and limited partners. The general partner owns and control the day to day running of the business and takes responsibility for the company, while the limited partners play the role of investors only; they posses little or no control over the firm and do not share the same liabilities as the general partners.
Answer:
b. she can file a lawsuit against the corporation for damages.
Explanation:
Ariana cannot afford to file a lawsuit against the corporation because the corporation was not duly informed of her actions. She was expected to seek the consent of the board of Directors before deciding to trade on the web. Failure to do so constitutes gross misconduct.