Answer:
These are the options for the question:
- Breach of duty.
- Strict liability.
- Recklessness.
- Negligence per se
And this is the correct answer:
Explanation:
Negligence per se consist in act that is neglectful, or unlawful, because it explicitely violates a statue or regulation.
In this case, the statue was the new state law that required smoke detectors to be maintained. The company that installed the smoke detector inside Jose's house clearly did not maintain the detector because otherwise, it would have gone off when the fire started, and Jose probably would not have died.
It is a negligence per se from the smoke detector company, and Jose's wife can lawfully sue them for that very reason.
Answer:
$0
Explanation:
Given that
Estimated value of the meals = $1,300
Preparing cost of lunch = $560
Cost of the meals to the power company = $470
The income that is recognized from the meals should be zero as he took the lunch from the office premises only which is to be excluded while computing the gross income
Plus, he also likes to eat his lunch at the plant cafeteria due to nuclear emergencies
There are different types of banks according to their classification. There are seven major type of banks that exist including retail, corporate, commercial, exchange, industry, cooperative and central.
Explanation:
1. A bank that specializes in retail or consumer banking in a local market.
Commercial Bank
This type of bank is based on shoort term credit and ease of withdrawal.
II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services.
Industrial banks
These banks have large capitals that they invest in commercial activities.
III. A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities.
Central Bank
these banks are often regulated and controlled by the government of the country.
Answer:
All of them:
- I. commercial banking
- II. corporate finance
- III. financial planning
- IV. insurance
Explanation:
People who work in commercial banks regularly deal with clients that need money to start a new business or expand an existing one, not all businesses are huge corporations that only go to large investment banks.
Anyone that works in finance must understand the investment environment, since the core task of finance is dealing with the value of money and time.
Insurance companies also deal with financial issues and investments.
Answer:
(a) 0.1224
(b) 0.3825
Explanation:
Given that,
Net income = $15,300,000
Net sales = $450,000,000
Total assets = $125,000,000
Stockholders’ equity = $40,000,000
(A) Return on assets:
= Net income ÷ Total assets
= $15,300,000 ÷ $125,000,000
= 0.1224
(b) Return on equity:
= Net income ÷ Stockholders’ equity
= $15,300,000 ÷ $40,000,000
= 0.3825
