Answer:
$900,000
Explanation:
The first step is to calculate the percentage completed
= 600,000/2,000,000
= 0.3
The revenue can be calculated as follows
= 5,000,000 × 0.3
= 1,500,000
Therefore the gross profit for 2020 can be calculated as follows
=1,500,000 -600,000
= $900,000
The correct option is (b) negligent hiring.
State courts have ruled that companies can be held liable for negligent hiring if they fail to do adequate background checks.
<h3>What is negligent hiring doctrine?</h3>
According to the doctrine of negligent hiring, a company is responsible for any injury its workers do to third parties if they knew or should have known that the employee posed a danger of doing so, or if a reasonable investigation would have revealed the risk.
The causes of negligence hiring are-
- Whether the employee's unfitness was the cause of the injuries that resulted
- Whether the employer knew or should have known (had the employer used ordinary care) of the employee's unfitness at the time of employment. Each state has a different liability standard.
An employer be concerned about negligent hiring and retention because-
- An employer may be liable for real injuries, pain and suffering, and even punitive damages if they fail to discipline an employee who poses a danger of injury to coworkers, clients, and others.
- The company may be held liable if these employees go on to commit careless or reckless conduct that could endanger others.
The elements of a negligent retention claim include all of the following:
- An affiliation with a company.
- The employee's lack of expertise.
- The employer may have had actual or constructive awareness of the ineptitude.
- An employee's action or inaction that resulted in the plaintiff's injuries.
To know more about the negligent hiring with example, here
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Answer:
Sales Revenue – Cost of Goods Sold = gross profit
Explanation:
In order to determine the income statement components, the following component is shown
Gross profit = Sales revenue - the cost of goods sold
where,
Sales revenue represents the sales of the business organization
And, the cost of goods sold would be
= Opening inventory + Purchase - ending inventory
By deducting the cost of goods sold from the sales revenue the gross profit can arrive
Answer:
B. 10.79 percent
Explanation:
yield to maturity = [150 + (1250 - 1000/10)]/[(1250 + 1000/2)]
= 10.79%
Therefore, The yield to maturity on the Tangshan Industries bond is 10.79%
