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tekilochka [14]
3 years ago
12

Bernard Flinn operated a business known as Harvey Investment Co., Inc./High Risk Loans. Flinn worked as a loan broker, matching

those who came to him with lenders willing to loan them money given their credit history and the amount involved. From 1982 through 1985, Flinn found loans for five people. Indiana requires that persons engaged in the business of brokering loans obtain a license from the state. Flinn was prosecuted for brokering loans without having a license. He raised the defense that he did not know that a license was required and that, accordingly, he lacked the criminal intent to broker loans without having a license. Does Flinn have a good defense ?
Business
1 answer:
den301095 [7]3 years ago
3 0

Answer:

The defense was not valid as per court.

Explanation:

The Indiana requirement of having license before initiating a credit business is to be fulfilled before starting the transactions and according to the customs when starting such business, a research is properly done to avoid any future claims and get firsthand knowledge of business initiation process.

Flinn’s statement to be unaware of the fact that it is necessary to get license, and non-criminal intentions are not justifiable as per the law because law is more of explicit things rather than implicit, i.e. acts and intentions, respectively.

So, the defense is not justifiable.

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Which of the following pieces of information is needed to compute flow time at a dentist's office?
vladimir2022 [97]

Answer:

C. Arrival time of patients.

Explanation:

Flow time is a term used in business operations to describe the quantity of period or duration a flow unit such as the number of customers attended to, commodities produced, etc, consumes in a business operation from start to finish. It can be calculated by the formula T = I/R

Where T = Flow time, I = average inventory, R = number of customers attended to / time period

Hence, in this situation, the information that is needed to compute flow time at a dentist's office is option C Arrival time of patients.

6 0
3 years ago
Merowak Missiles has developed its Democratizer Offensive Weapon System (DOWS) for the US military. After sinking $1 billion int
balu736 [363]

Answer:

$100,000,000

Explanation:

To calculate relevant break even cost point we ignore all the sunk funds and fixed costs that have already been paid.

This includes,

R&D funds of $1 billion

Tools of $0.5 billion

Factory of $1 million

None of these are the relevant or incremental costs and thus to calculate break even for this order, they will be avoided.

The Break even cost = 50,000 * 2000 = $100,000,000

We only account for the cost of producing each additional unit that is the Marginal Cost of $2,000/missile.

Hope that helps.

4 0
3 years ago
Identify a brand and discuss how the organization is blending marketing mix element to achieve a marketing communication objecti
NeX [460]

Answer:

Nike as a brand is making the use of Marketing mix to communicate a objective of high quality sport brand.

Explanation:

  • The aim of the marketing mix s the right combination of product, place, promotion, and price, etc. It is done so that the company can have an advantage over the competitors. It's a set of controllable and tactile marketing tools.
8 0
3 years ago
Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at i
Tju [1.3M]

Answer:

correct option is C. it's a good time to buy the wood.

Explanation:

given data

slab = 10 feet

cost Tee Time =  $5,000

$500 US dollars = $738 NZ dollars

solution

If they import timber from New Zealand. Tea Golf Resort pays less than $ 5000 to import Wood from New Zealand at the current exchange rate. This is a good time for them to import forests

we get here current exchange rate of 1 dollar that is as

US $500 = NZ $738

so $1 = \frac{738}{500}  

$1 = NZ  $1.476

current exchange rate is $1 = NZ $1.476

so

10 foot slab costs $5000

so Tee Golf Resort will pay is

Tee Golf Resort pay = \frac{5000}{1.476}  

Tee Golf Resort pay = $3387.53

so correct option is C. it's a good time to buy the wood.

3 0
3 years ago
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drive
8090 [49]

Answer:

1.- To estimate the variable and fixed cost elements of the annual cost operation using the high-low method.

2. To express the variable and fixed costs in the form.

3.- To find the total cost to be incurred if a trock were driven 80,000 km during the year.

Explanation:

1.- Computation of the variable and fixed cost elements of the annual cost of the trock operation using the high-low method: the average cost when the truck is driven for 105.000 km is 11.4 cents and it is $13.4 cents when 70,000 km are there.  So, the fixed cost is $4,200.2 Cost formula for total cost using the high-low method:  The variable and vixed cost in the form is 3: the total cost to be incurred if a truck were driven 80,000 km during the year: $10,120

5 0
3 years ago
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