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evablogger [386]
2 years ago
13

You go to a flea market and buy a used color TV set for $100. One day you receive a notice that the owner of the TV, which had b

een stolen from her house and sold by the thief at the flea market, wants the set back. She says if you do not return the TV she will sue you for:
a. conversion, and probably win even though you did not know the set was stolen
b. fraud, and probably win even though you did not know the set was stolen
c. conversion, and probably lose because you did not know the set was stolen
d. fraud, and probably lose because you did not know the set was stolen
e. theft, and probably lose because you did not know the set was stolen
Business
1 answer:
enyata [817]2 years ago
8 0

Answer:

In a situation when

You go to a flea market and buy a used color TV set for $100. One day you receive a notice that the owner of the TV, which had been stolen from her house and sold by the thief at the flea market, wants the set back. She says if you do not return the TV she will sue you for:

a. conversion, and probably win even though you did not know the set was stolen

Explanation:

Seeing for Conversion is when a person claims that you stole property from him or her. It is the equivalent of theft charges. Prosecutors are the ones that have to bring justice to these kinds of situations, and they can be carried out in small local courts or by the retirement of an attorney to follow the case. Nevertheless, if the person is found innocent, the accused can sue for damages.

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Brrunno [24]

Answer: A. incorrect because part of each payment is to principal and to interest.​ Therefore, only a portion of the payment goes to​ interest, so the full amount should not be included when computing the rate of interest paid.

Explanation:

When paying back a loan, there are two components to the periodic interest payment. The first component is the interest payment. This is the payment to compensate the borrower for loaning out the money and is based on the interest rate and the principal left to be repaid.

The second component goes towards repaying the principal of the loan which in this case is $10,000. When computing the periodic interest rate therefore, the entire amount paid per period should not be used as it would inflate the interest rate.

6 0
3 years ago
Dole, the sole owner of Enson Corp., transferred a building to Enson. The building had an adjusted tax basis of $35,000 and a fa
faust18 [17]

Answer:

C. $40,000

Explanation:

For computing the amount of the gain recognized, first we have to calculate the gain recognized based on the adjusted basis

= Cash received + fair market value of the stock - adjusted cash basis

= $40,000 + $60,000 - $35,000

= $100,000 -$35,000

= $65,000

But the cash is received for $40,000. So, only $40,000 of gain would be recognized. As in the case of transfer, if the amount is received other than the stock so the amount which is received is recognized as a gain i.e $40,000

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3 years ago
A low P/E for a stock indicates that:
pishuonlain [190]

Answer:

(A). People may expect earnings to fall in the future, perhaps because the firm will be faced with increased competition.

Explanation:

Price Earnings ratio of a company represents market price per share of a company's stock in relation to it's earnings per share.

Price Earnings ratio(PER) is given by the following formula:

PER = \frac{Market\ Price\ Per\ Share}{Earnings\ Per\ Share}

A lower P/E Ratio indicates that a company's market price of a share is lower relative to it's earnings. This means the company's stock is undervalued.

It can also mean that the company's earnings have increased which in turn has increased it's earnings per share.  

Investors in general expect lower earnings in future for the stock of a company with low P/E Ratio.

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2 years ago
________ said, "Develop your people to do their jobs better than you can. Transfer your skills to them. This is exciting but it
rodikova [14]

Answer:

Bill Gates said, "Develop your people to do their jobs better than you can. Transfer your skills to them. This is exciting but it can be threatening to a manager who worries that he is training his replacement. Smart managers like to see their employees increase their responsibilities because it frees the managers to tackle new or undone tasks."

Explanation:

Bill Gates is an American computer pioneer and philanthropist. He is a co-founder of Microsoft, where he was the chairman of the board. He has now left the day-to-day work at Microsoft to work full-time within the Bill & Melinda Gates Foundation. According to Forbes magazine, Gates is the second richest person in the world (after Jeff Bezos) with a fortune of about $105 billion.

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