Answer:
(d) Atlantic Builders and North West Mechanical are both liable.
Explanation: Because the incident happened at working site and both companies are on a joint venture, they are both liable to the damage regardless of which company does the employee belong to.
Answer:
(d) Against the shareholders, if it finds that Clean Earth has acted in a "responsible and sustainable manner."
Answer:
(b) Yes, if all of the shareholders are U.S. citizens or residents.
Answer:
Straight-line method:
- depreciation expense year 1 = ($39,000 - $4,000) / 5 = $7,000
- depreciation expense year 2 = $7,000
- depreciation expense year 3 = $7,000
- depreciation expense year 4 = $7,000
- depreciation expense year 5 = $7,000
200 declining balance method:
- depreciation expense year 1 = 2 x 1/5 x $39,000 = $15,600
- depreciation expense year 2 = 2 x 1/5 x $23,400 = $9,360
- depreciation expense year 3 = 2 x 1/5 x $14,040 = $5,616
- depreciation expense year 4 = 2 x 1/5 x $8,424 = $3,369.60
- depreciation expense year 5 = $5,054.40 - $4,000 = $1,054.40
Sum-of-years-digits method:
- depreciation expense year 1 = 5/15 x $35,000 = $11,666.67
- depreciation expense year 2 = 4/15 x $35,000 = $9,333.33
- depreciation expense year 3 = 3/15 x $35,000 = $7,000
- depreciation expense year 4 = 2/15 x $35,000 = $4,666.67
- depreciation expense year 5 = 1/15 x $35,000 = $2,333.33
A continuous decrease in the level of prices over time is called deflation. It involves the contraction of the supply of money in an economy. The opposite of such is inflation. During this time, the power of the currency and the wages are high than what is normal. It causes for capital, goods, services and labor costs to be lower. Monetary deflation can be caused by the decrease in supply of money or instruments that can be redeemed by money. In present, the supply of money is influenced by the central bank of each nation. Price deflation can be caused by a decrease in the demand of the goods and services and also increase in the productivity of the economy.
Answer:
The amount of interest expense that Mission Corp. should record on March 31, 2020 is $1,500.
Explanation:
This can be calculated as follows:
Monthly interest expense = (Amount borrowed * Interest rate) / Number of months in a year = ($50,000 * 12%) / 12 = $500
Remaining number of months = Number of months from January 1, 2020 to March 31, 2020 = 3
Interest expense to record on March 31, 2020 = Monthly interest expense * Remaining number of months = $500 * 3 = $1,500
Answer: <em>Option (D). Marketing Myopia</em>
Explanation:
From the given case/scenario, we can state that Cullen and MacNeil’s corporation tends to suffer from Marketing Myopia. Marketing Myopia tends to suggest that the businesses and organization will do much better at the end only if they tend to concentrate on meeting their customers and consumers needs instead of concentrating on just selling the products and services.
