A legal firm would be considered a service company because they provide legal services to clients and persons.
<u>Explanation</u>:
A trade school is becoming popular this because it serves as a home to acquire technical education.
Thus anyone who wants to learn a skill having no prior experience is a best fit for trade school. A major benefit of the trade school is that it provides practical lessons to students, often times they are grouped together in peers for projects which encourages group learning.
Answer:
Three part test.
The outcome: if the three requirements are not met, then there is not point the Government should interfere.
At the end, the law will be held.
Explanation:
In some cases, the courts are allowed to protect individual, company or business organization from Government interrupting with these individuals or business organization "fundamental right" and this is the "substantive due process rights " of insurance companies as mentioned in the question above.
The test that the United State Supreme Court can use to determine whether the regulations they want to enact would violate the substantive due process rights of insurance companies is what is known as the THREE PARR TEST.
THE THREE PART TEST has its root from cases such as that of Pasgraf V Long Island Railroad co. The three part test involves three main subjects and they are;
=> foreseeability: are the policies in which insurance companies work going to affect the consumers in the future?
=> proximity: what kind of relationship do the insurance companies have with there consumers?
=> fairness: are these policies just and fair?
CONCLUSION: if the three requirements are not met, then there is not point the Government should interfere.
Answer:
The correct answer would be option D, Legal Market for a market price that is lower.
Explanation:
If there is a store which sells the goods at the market price even though the government authorities have set the minimum price that can be charged, it means store is selling the product at a price which is higher than the minimum price set by the government, but it doesn't mean that the store owner is doing any illegal trading. This is because the government has set the lower price limit but that ceiling price is non binding. It is not necessary for the market sellers to sell at the price given by government. So they are operating in a legal market for a market price that is lower.
Answer:
Inventory turnover= 5.5 times
Explanation:
Current ratio is given as 3
Cost of goods sold = $5,000
Current assets = $1,800
Quick ratio= 1.5
Current ratio= current assets/ current liabilities
3= 1,800/ current liabilities
Current liabilities= 1,800/3
Current liabilities= $600
Quick ratio= Cash and Receivables/ Current liabilities
1.5= Cash and Receivables/600
Cash and Receivables= 600* 1.5= $900
Current asset= Cash and Receivables + Inventory
1,800= 900+ Inventory
Inventory= 1,800-900
Inventory= $900
Inventory turnover= Cost of goods sold/ Inventory
Inventory turnover= 5,000/900
Inventory turnover= 5.5 times
