Answer:
The company must borrow $3000 and option B is the correct answer.
Explanation:
The minimum cash balance is the required balance that the company should have at the end of the period. The decision to borrow or repay will be taken by comparing the period end balance with the minimum balance. If the period end balance is higher than the minimum balance, the company may decide to repay. If it is lower than the minimum balance, the company should borrow.
The period end balance can be calculated as,
Ending balance = Opening Balance + Cash receipts - Cash disbursements
Ending balance = 17000 + 120000 - 130000
Ending balance = $7000
Difference = 7000 - 10000 = -$3000
As the ending cash balance ($7000) is less than the minimum cash balance required ($10000), the company should borrow for the amount of difference. Thus, the company should borrow $3000
Answer: The decision to migrate is an investment decision based on differences in earnings.
Explanation: Migration is the process of individuals moving from an original place to a new location in search of safer place or better income. A migration for better income is an investment decision that if successful would yield an increase in earnings for the individual.
Answer:
<u>Question 1. All employees are agents, and all agents are employees.</u>
<u>Question 2. Harold is liable to Alice for the cost of the lot, but only if the contract between Harold and Alice expressly stated that he would reimburse her for the cost of the lot.</u>
<u>Question 3. Spencer will win, because Glen was acting within the scope of his employment; therefore, Sally is liable for his negligence</u>
Explanation:
1. Note that employees can serve also as agents for their company but not all agents are employees since they (the agents) could be self employed themselves.
2. Remember sales agreement should not be bases on word of mouth but on written contacts. Therefore, if the contract between Harold and Alice expressly stated that he would reimburse her for the cost of the lot he would then be liable.
3. Since Glen was acting within the scope of his employment; therefore, Sally is liable for his negligence. Implying that she employed the man who caused Spencer pain and suffering.
Answer:
Price Inelastic
Explanation:
Public transport systems are a necessity which consumers are unable to do away with easily. Therefore when prices are raised consumer habits remain the same. Inelastic refers to unchanging consumer habit even when prices change.
Answer:
False
Explanation:
Schumpeter is the father of entrepreneurship because he developed the term and specially entrepreneurial spirit or "Unternehmergeist". He believed that entrepreneurs were responsible for economic progress and really gave a lot of credit to the small business. But his theory on entrepreneurship was not based on marketing or financial planning, but on disruptive technologies. He would have probably enjoyed meeting Steve Jobs and others.