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svet-max [94.6K]
3 years ago
13

Far Trade Company and Global Shipping, Inc., have their dispute resolved in arbitration. The arbitrator meets with Far's represe

ntative to discuss the dispute outside the presence of Global's representative, before determining the award. If this meeting substantially prejudiced Global's rights, a court will most likely a. do nothing. b. review the merits of the dispute.c. review the sufficiency of the evidence. d. set aside the award.
Business
1 answer:
Alex_Xolod [135]3 years ago
5 0

Answer:

d. set aside the award.

Explanation:

Arbitration is the means by which legal issues are settled with the help of an impartial party called the arbitrator. In an arbitration the parties are bound by decisions made. All parties must be present and agree to the settlement terms.

However in this instance the arbitrator met with only one party (Far Trade Company) and made a settlement. This settlement is not binding on Global Shipping since they did not attend the meeting and agree to the settlement terms.

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Which type of business produces processed goods by changing raw goods into a more finished form?
Naddik [55]

Answer:

Bakeries are known for turning raw goods into things like bread

6 0
2 years ago
Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made with
VikaD [51]

Answer:

the total cost of the new equipment is $105,500

Explanation:

The computation of the total cost of the new equipment is given below:

Total cost of the new equipment is

= Net price + Sales tax + Installation charges + Payment for concrete slab

= [$100,000 - ($100,000 × 2%)] + $3,000 + $1,500 + $3,000

= $105,500

Hence, the total cost of the new equipment is $105,500

6 0
3 years ago
Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $134,000 on sales of $2,310,000. Division B is able
Genrish500 [490]

Answer:

a. Division A = 5.80 %, Division B = 8.95 %

b. Division B is superior. Because, it generates a greater profit margin per each sale made.

Explanation:

<u> a. Compute the profit margins</u>

Profit margin = Profit / Sales × 100

Division A = $134,000 / $2,310,000 × 100

                 = 5.80 % (2 decimal places.)

Division B = $33,400 / $373,000 × 100

                 = 8.95 % (2 decimal places.)

<u> b. Based on the profit margins</u>

Division B is superior as it generates a greater profit margin per each sale made.

8 0
3 years ago
In 2019, Jonathan pays real estate taxes of $18,000 and New York State income taxes of $17,000. Assuming he itemizes, what deduc
-Dominant- [34]

Answer: $28,000

Explanation:

Jonathan can deduct both the real estate taxes and the state income taxes but the Tax Cuts and Jobs Act cut the deduction one can claim on State and Local taxes to $10,000 from 2018 to 2025.

The total deduction Jonathan can claim is therefore:

= Real estate taxes + Capped state income tax

= 18,000 + 10,000

= $28,000

6 0
3 years ago
An investor who was not as astute as he believed invested $263,000 into an account 11 years ago. Today, that account is worth $2
Finger [1]

Answer:

-2.33%

Explanation:

An investor who was not as astute as he believed invested $263,000 into an account 11 years ago,

Given that,

Current value of account, future value = $202,800

Value of invested amount, Present value = $263,000

Time = 11 years

Present\ value=\frac{Future\ value}{(1+r)^{n}}

263,000=\frac{202,800}{(1+r)^{11}}

263,000(1 + r) ^ {11} = 202,800

(1 + r) ^ {11} = \frac{202,800}{263,000}\\

(1+r)=(0.7711026616)^{\frac{1}{11}}

(1 + r) = 0.9766466684  

r = 0.9766466684 - 1

 = - 0.02335333157

 = - 2.33%

Therefore, the annual rate of return on this account is -2.33%.

6 0
3 years ago
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