1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IgorC [24]
2 years ago
13

​ Chandra sues Martin for breach of contract. Both parties have completed discovery. Chandra now wants her attorney to file a mo

tion to have the judge rule in her favor without having to proceed further. Chandra does not know whether the motion to dismiss or the motion for a summary judgment is proper. Which motion is proper and why?
Business
1 answer:
Vlada [557]2 years ago
8 0

Answer:

Chandra should request her attorney to file a motion for summary judgement because both parties have past the pleading stage of litigation and they both have also completed discovery. Since enough evidence was gathered during discovery, then Chandra is entitled to judgement.

You might be interested in
A lender estimates that the closing costs on a $165,000 home loan will be $6,187.50. The actual closing costs were 3.5% of the l
Ivanshal [37]
Home loan amount = $165,000

Estimated closing costs = $6,187.50 

% of estimated closing cost = ?

$165,000 * x% = $6,187.50
x% = $6,187.50 ÷ $165,000
x% = 0.0375
x = 0.0375 x 100 = 3.75

Therefore, estimated closing costs = 3.75% of loan amount = 3.75% of $165,000

Actual closing costs = 3.5% of loan amount = 3.5% of $165,000 = $5775

Difference in estimated and actual closing cost percent = 3.75% - 3.5% = 0.25%

The closing costs were lower than the estimate by 0.25%
5 0
2 years ago
Read 2 more answers
Prior to recording adjusting entries, the Office Supplies account had a $363 debit balance. A physical count of the supplies sho
drek231 [11]

Answer:

Explanation:

The adjusting entry is shown below:

Office supplies expense A/c Dr $257

      To Office supplies                                  $257

(Being adjusted entry recorded in respect of office supplies)

Since in the question it is given that, the debit balance of office supply is $363 and the physical count show $107 unused supplies which mean it is of no use. So, the actual amount of office supplies would be calculated by applying an equation which is shown below:

= Office supplies debit balance - unused office supplies

= $363 - $107

= $257

Moreover, the office supply is shown in the balance sheet under the assets account. And, to find out the correct value of the office supply we debit the expense account and credit the asset account.

7 0
3 years ago
Given the acquisition cost of product ALPHA is $20, the net realizable value for product ALPHA is $17, the normal profit for pro
Anna [14]

Answer:

LCM = $15.5

Explanation:

RC = $14

Ceiling: NRV = $17

Floor: NRV – PM

Net realizable value for product ALPHA -Normal profit for product ALPHA

= $17 – $1.50= $15.5

Market= $15.5

LCM = $15.5

Therefore the proper per unit inventory value for product ALPHA applying LCM will be $15.5

3 0
3 years ago
Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a p
PSYCHO15rus [73]

Answer:

6.32%

Explanation:

Bonds yield amount = $1,030 × 6.14% = $63.242

Coupon rate = Bond yield amount ÷ Par value of the bond = $63.242 ÷ $1,000 = 0.063242, or 6.32%

Therefore, the coupon rate on the bonds must be 6.32%.

4 0
3 years ago
A 30-year maturity bond has a 6.7% coupon rate, paid annually. It sells today for $881.17. A 20-year maturity bond has a 6.2% co
geniusboy [140]

Answer:

Rate of return

30 year bond =  42%

20 year bond = 45%

Explanation:

First of all find current yield on 30 year maturity bond

We will use PV of annuity formula to calculate current YTM

Coupon Payment = 6.7% x 1000 = $67

$881.17 =( $67( 1- ( 1 + r )^-30 ) / r ) + ( 1000 / ( 1 + r )^30 )

r = 0.0773 = 7.73%

Current YTM is 7.73%

Now calculate the current yield for 20 years maturity bond

Coupon Payment = 6.2% x 1000 = $62

893.1 = ( ( $62 x ( 1 - ( 1 + r )^-20 ) / r ) + ( 1000 / ( 1 + r )^20 )

r = 0.0723 = 7.23%

As given

5 years from now the YTM on 30 Year bond will be 7.70% and on 20 Year bond will be 7.20%.

Now calculate

Price of the 30 year bond Bond after 5 year at YTM of 7.7%

Price of the Bond = ( $67 x ( 1 - ( 1 + 0.077 )^-(30-5) ) / 0.077 )+( 1000 / ( 1 + 0.077 )^(30-5) ) = $890.46

Price of the 20 year bond Bond after 5 year at YTM of 7.2%

Price of the Bond = ((6.7%*1000)*(1-(1+0.072)^-15)/0.072)+(1000/(1+0.072)^15)

( $62 x ( 1 - ( 1 + 0.072 )^-(20-5) ) / 0.072 )+( 1000 / ( 1 + 0.072 )^(20-5) ) = $910.06

Increase in price of 30 year bond = $890.46 - $881.17 = $9.29

Increase in price of 30 year bond = $910.06 - $893.1 = $16.96

Future value of Coupon payment for 5 years

30 year bond = 67 x ( 1.072^5 -1 ) / 0.072 = $386.84

20 year bond = 62 x ( 1.072^5 -1 ) / 0.072 = $357.97

Total return = FV of Coupon payment + Price increase

30 year bond = $386.84 + $9.29 = $396.13

20 year bond = $357.97 + $16.96 = $374.93

Rate of return =  

30 year bond = $396.13 / $881.17 = 0.45 = 45%

20 year bond = $374.93 / $893.1 = 0.42 = 42%

5 0
2 years ago
Other questions:
  • Biz Solutions has 12 call centers worldwide handling customer service issues for a variety of companies. The firm is considering
    12·1 answer
  • Darell Hair​ Stylists's adjusted trial balance and statement of​ owner's equity follow.
    15·1 answer
  • What is remittance advice note ?​
    14·1 answer
  • Which of the following is a true statement about a marketing plan?
    10·2 answers
  • What type of life policy covers two people and pays upon the death of the last insured?
    8·1 answer
  • Scotch Inc. arranged a $7,000,000 revolving credit agreement with a group of banks. The firm paid an annual commitment fee of 0.
    11·1 answer
  • Promotion's goal is to increase the number of employees.<br> Choose the answer.<br> True<br> False
    8·2 answers
  • for a company making advanced technology, with highly specialized components, a customer divisional structure would be more effe
    12·1 answer
  • Who are the main stakeholders that the y is attempting to reach with the information it has gained through its market research?
    8·1 answer
  • The ability to meet short-term obligations and to efficiently generate revenues is called:________.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!