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timofeeve [1]
3 years ago
12

AllSpice Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies hav

e agreed to draft the business contract in the Leone Republic. Since the contract will be drafted under a common law framework, what best characterizes the contract?
Business
1 answer:
zheka24 [161]3 years ago
8 0

The contract must be very detailed and should include all the contingencies spelled out in it.

<u>Explanation:</u>

Contract is a document that is made between two or more than two parties who have come in to an agreement with each other over a particular thing. The contract might be a business contract that the parties make which should have the proportion of profit and liabilities of the business that is to be shared among the partners.

Since the profit and losses are to be shared between the business partners on the basis of this contract, the contract should have very detailed information in it and all the contingencies should be spelled out in it.

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6.95

Explanation:

Coupon rate = $69.50/$1,000 = .0695, or 6.95 percent

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Collective bargaining provides for a representative of employees to negotiate with a representative of management over labor iss
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Net operating income equals: Multiple choice question. dollar sales – dollar sales to break even. unit sales × unit contribution
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Net operating income equals (unit sales - unit sales to break even) × unit contribution margin.

What is net operating income?

Real estate professionals utilize the metric known as Net Operating Income, or NOI, to swiftly determine the profitability of a certain venture. After deducting required operational costs, NOI calculates the revenue and profitability of investment real estate property.

Is net operating income the same as profit?

After all, costs have been deducted, operating profit displays a company's earnings, excluding the cost of debt, taxes, and some one-time expenses. Contrarily, net income is the profit that is still left over after all expenses made during the time have been deducted from sales revenue.

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6 0
2 years ago
Scheduled and unscheduled injuries are categories used to determine benefits for which type of disability income?
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Permanent partial disability

<h3>What is permanent partial Disability?</h3>
  • Permanent Partial Disability — a worker's compensation disability level in which the injured employee is still able to work but not with the skill and efficiency demonstrated prior to the injury.
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4 0
1 year ago
Steve owns Barb, Inc. and has grown the business over the last 15 years and is the sole owner. He decides to sell 40 percent of
Mamont248 [21]

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a. Steve will not have a capital gain in Year 1 for tax purposes.

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Since Steve (the owner of Barb) sold his stocks to an ESOP (employee stock ownership plan), then he will be able to avoid capital gains taxes at least for the first year. ESOPs are qualified retirement plans and when they invest in stocks of the same sponsoring company, the transaction is not taxed if the seller reinvests (buys other stocks). As long as ESOP holds at least 30% of the company's stocks, then Steve can defer his taxes.

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3 years ago
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