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3 years ago

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What is a tort? A. A breach of contract B. A legally-binding contract between two parties that includes consideration C. An agen

cy relationship that gives one party the authorization to act on behalf of the other party D. A civil wrong caused by negligence or intentional harm

1 answer:

ElenaW [278]3 years ago

6 0

I am positive it is D

Good luck!

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Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, wh

STatiana [176]

Answer:

a. Jake, Kim, or Lou.

Explanation:

A promissory note is a note that should be signed with written promise in terms of paying some specific amount to the note owner on a specifiic date or on demand.

Since in the question it is mentioned that Jake who is a maker and pay to Kim and then it would endorse to Lou

So here the Mona should collect the payment from the above three parties

hence, the correct option is A.

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3 years ago

Your older and wiser sibling has offered to loan you some much needed money to help cover textbook expenses this semester. Since

masya89 [10]

Answer:

80 years

Explanation:

Data provided in the question:

Simple interest rate charged = 1.25% = 0.0125

Now,

Let principal amount be '$x'

we know, Simple interest = Principal × Interest Rate × Time

Since the debt is doubled this means the interest is equal to the principal amount

Therefore,

$x = $x × 0.0125 × Time

or

1 = 0.0125 × Time

or

Time = 1 ÷ 0.0125

or

Time = 80 years

3 0

3 years ago

Who is required to provide information through the "right to know" law?

Murrr4er [49]

Private Employers.

The Right to know law discusses workers rights to know about dangerous chemicals/substances in the workplace and is overseen by OSHA ..

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3 years ago

Suppose that a planet fitness studio has fixed expenses of $7500 per month and variable expenses of $4.99 per member per month.

natka813 [3]

Answer: $500

$19.99-$4.99=$15
$7500/$15= $500

6 0

3 years ago

A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. The only changes affecting retained

netineya [11]

Answer:

Ikiban Inc.

Statement of Cash flows

For the Year Ended June 30, 2017

Cash flow from operating activities:

Net income $117,510

Adjustments to net income:

Depreciation expense $67,600
Decrease in inventory $27,200
Decrease in prepaid expenses $1,900
Increase in accounts receivable ($18,500)
Gain from sale of equipment ($3,000)
Decrease in accounts payable ($9,500)
Decrease in wages payable ($9,900)
Decrease in taxes payable ($2,800) <u> $53,000</u>

Net cash flow from operating activities $170,510

Cash flow from investing activities:

Purchase of new equipment ($67,600)

Disposal of old equipment <u> $13,500</u>

Net cash flow from investing activities ($54,100)

Cash flow from financing activities:

Issuance of common stock $69,000

Retirement of note payable ($30,000)

Distributed dividends <u>($106,310)</u>

Net cash flow from financing activities ($67,310)

Net cash increase $49,100

<u>Cash balance June 30, 2016 $53,000</u>

Cash balance June 30, 2017 $102,100

4 0

3 years ago