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shusha [124]
2 years ago
9

Marsha has met with two attorneys. Attorney A works at a large prominent law firm and charges a lower hourly fee, has little exp

erience in Marsha's area of business and takes several days to return phone calls. Attorney B charges a slightly higher hourly rate, has direct experience in Marsha's area of business and replies promptly. Marsha should hire:a. Attorney A because of the firm's reputation
b. Attorney A because it is cheaper
c. Attorney B because this person is a better fit for Marsha's needs
d. None of these are correct
Business
1 answer:
Rina8888 [55]2 years ago
4 0

Answer:

c. Attorney B because this person is a better fit for Marsha's needs.

Explanation:

Attorney B is the better option because he has direct experience in Marsha's area of business and will be more focused on delivering results. Unlike Attorney A that works in a big firm, does not have experience in Marsha's business, and does not respond to her calls.

Despite the slightly higher hourly rate by Attorney B he is the better option because the probability that he will deliver results is high.

Attorney A may be cheaper but due to his inexperience and lack of commitment to the case he stands the chance of loosing the case. Resulting in even higher loss.

You might be interested in
A form of communication management that seeks to influence the feelings, opinions, or beliefs held by customers, prospective cus
exis [7]

Answer: Public relations

Explanation:

Public relations is the practice of managing information release and its spread deliberately between an individual, organization and the public.

Public relations is controlled internally and it is form of communication management which seeks to influence the opinions, feelings, or beliefs that are held by customers, suppliers, stockholders, and employees, about a firm and its products.

4 0
3 years ago
Ben invested $20,000 into a money market account and took out $5,000 at the end of year 5. He found out at the end of 10 years t
Crazy boy [7]

Answer:

r = 11.5%

Explanation:

Given data:

invested amount $20,000

withrawl amount after 5 year is $5000

Amount at the end of 10th yr is $50,000

present value  is given as

PV =\frac{ A}{(1 + r)^n}

where

A - amount after given n year

PV = \frac{5000}{(1 + r)^5} + \frac{50000}{(1 + r)^{10}}

20,000 =  \frac{5000}{(1 + r)^5} + \frac{50000}{(1 + r)^{10}}

 Let (1 + r)^5 = t

squaring on both side

(1 + r)^{10} = t^2

20,000 =  \frac{5000}{t} + \frac{50000}{t^2}

20 = \frac{5}{t} + \frac{50}{t^2}

20 t^2 - 5t - 50 = 0

solving for t we get

t = 1.711

so, r = 1.711^{1/5} -1 = 0.115 = 11.5\%

5 0
2 years ago
Ospry Company has working capital in the amount of $ 1,240,000 . For the following transactions, determine whether working capit
chubhunter [2.5K]

Purchasing inventory increases your accounts payable and the inventory balance. Trade payables are part of current liabilities and inventories are part of current assets. Both the balance of current assets and current liabilities will increase and the net effect on working capital will be zero. Therefore, working capital remains the same.

Cash in bank accounts and cash, including unpaid customer checks. Securities such as US Treasury bills and money market funds. A short-term investment that the company plans to sell within one year. Accounts receivable are less a provision for accounts receivable that are unlikely to be paid.

In short, working capital is the money available to meet current short-term obligations. To ensure your working capital is working effectively, you need to calculate your current situation, anticipate your future needs, and consider how to ensure you always have enough cash.

Learn more about working capital at

brainly.com/question/19804046

#SPJ4

6 0
1 year ago
Cost of Preferred Stock Marme, Inc., has preferred stock selling for 96 percent of par that pays an 11 percent annual coupon. Wh
nataly862011 [7]

Answer:

Component cost of preferred stock is 11.4583 %

Explanation:

Given Data:

Preferred stock selling=96 percent of par.

Annual Coupon =11 percent

Required:

What would be Marme’s component cost of preferred stock?

Solution:

The formula we are going to use is:

i_{stock}=\frac{D_o}{P_o}

Where:

D_o is  11 percent annual coupon

P_o preferred stock selling for 96 percent of par

If we convert the above percentage to dollar using the scale $1=1% then:

D_o=$11

P_o=$96

i_{stock}=\frac{\$11}{\$96}\\ i_{stock}=0.114583

Component cost of preferred stock is 11.4583 %

7 0
3 years ago
oreal-American Corporation purchased several marketable securities during 2021. At December 31, 2021, the company had the invest
denpristay [2]

Answer:

1. Record the adjusted for Dec 31 2021

Dr Unrealized holding loss—OCI 26,000

Cr Fair value adjustment 26,000

2.

No amounts would be reported in the income statement at December 31, 2021 .

Amount $ 0

Explanation:

1.

Fair-value adjustment of $0 to ($26,000):

Fair Value Adjustment

Balance on 1/1/2021 $0

± Adjustment needed to update fair value?

Balance needed on 12/31/2021 ($21,000 − $47,000) = ($26,000)

Fair-Value Adjustment

1/1/2021 $0

Change needed $26,000

12/31/2021 $26,000

2.No amounts would be reported in the income statement at December 31, 2021 because the accumulated net holding gains and losses are reported as a component of shareholders' equity while changes in the balance are reported as other comprehensive income in the statement of comprehensive income rather than as part of earnings.

4 0
3 years ago
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