Answer:
a. In this weak situation, Frank’s laziness trait is activated. In this strong situation, Daniel’s neurotic trait is activated.
Explanation:
A trait can be defined as the characteristics of a person that describes his nature and his behavior. It is the result of one's genes or are influence from surrounding or nature.
A neurotic trait of a person helps the person to deal with the stress. It is a tendency towards shyness, anxiety, etc.
In the context, it is given that both Frank and Daniel volunteered themselves for cleaning a district warehouse. They were assigned the northwest corner of the warehouse to clean. Daniel found a push-broom and started sweeping and cleaning the floor, while Frank waited for Trixie to arrive who will assigned them their job.
In this situation, it shows the laziness trait of Frank who felt too lazy to start his work before someone assigning them to him while Daniel is active and it shows his neurotic trait because of which Daniel started his job and did not waited for Trixie to come.
Thus the correct option is (a).
Answer: Yes they can.
Explanation:
Friendly Finance can sue Suburban as a Third Party beneficiary.
A Third Party beneficiary is one who is entitled to benefit from a contract made between two other parties.
A third party beneficiary has legal rights and can enforce their rights if certain clauses are met such as the existence of proof that they are indeed the intended beneficiaries.
In the above scenario, Suburban promises to pay Friendly Finance the amount that will be due A-One until A-One’s debt to Friendly Finance is paid and this was put into a contract. This proves that Friendly Finance is an INTENDED THIRD PARTY BENEFICIARY and seeing as A-One has performed as promised, Friendly Finance can take action against Suburban successfully.
Answer: c. Interest expense and property taxes, other expenses, depreciation expense.
Explanation:
In terms of deductibility, interest expenses such as mortgages take precedence along with taxes on property.
After this comes other expenses starting first with direct expenses incurred in providing Jamison's services then there will be other expenses such as insurance, periodic repairs and admin expenses.
At the bottom of the hierarchy is depreciation expense which is the last expense that can be deducted
Answer:
$2,400,000
Explanation:
Based on the information given, How much of the $3 million note that is classified as long-term in the December 31 financial statements will be $2,400,000 because we were told that
Parton owes the amount of $3 million which is due on February 28 while the company borrows the amount of $2,400,000 on February 25 (5-year note) which means that the amount that the company borrowed on February 25 on a 5 year note will be classified as long-term in the December 31 financial statements.