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jek_recluse [69]
3 years ago
15

State x requires that persons who prepare and serve liquor in the form of drinks at commercial establishments be licensed by the

state to do so. the only requirement for obtaining a yearly license is that the person be at least twenty-one years old. mickey, aged thirty five, is hired as a bartender for the southtown restaurant. gerald, a staunch alumnus of a nearby university, brings twenty of his friends to the restaurant to celebrate a football victory one afternoon. gerald orders four rounds of drinks, and the bill is nearly $600. when he learns that mickey has failed to renew his bartender's license, gerald refuses to pay, claiming that the contract is unenforceable
Business
1 answer:
sasho [114]3 years ago
4 0

Yes.  He don’t have to pay and the bartender could get arrested for failing to renew the licence

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Brad expects interest rates to increase and purchases a put option on Treasury bond futures with an exercise price of 97-00. The
ale4655 [162]

Answer: Net Gain $5,000

Return on Investment = 167%

Explanation:

Profits are made on Puts if the spot price (current price) is less than the exercise price. Which is why the equation is such,

Profit equation of put option = Max ( exercise price - spot price, 0) - Premium paid.

The formula shows that there is no profit if the spot price climbs higher than the Exercise price as the option will not be exercised. In other words of the spot price is higher than the Exercise price, the option will not be exercised hence $0 profit. If the Exercise price is higher though then it will be exercised and the gain will be the exercise price minus the spot price.

Using that formula his gain was,

= 97 - 89 - 3

= $5

Treasury bond futures contracts are usually sold at a minimum of 1,000 bonds so assuming Brad got 1 then his gain would be,

= 5 * 1,000

= $5,000

His return on investment would be,

= Net profit / Initial investment

Bear in mind that his Net Investment would be the premium times the number of bonds

= 1,000 * 3

= $3,000

Return on Investment = 5,000/3,000

Return on Investment = 167%

5 0
4 years ago
"Google employs the practice of team building and rewards ideas that are outside the box. They are likely to have ________ compa
Vladimir79 [104]

Answer:

lower employee turnover                        

Explanation:

Employee turnover represents the number or proportion of employees leaving a company and being replaced by new ones. Evaluating employee turnover can be useful for executives who want to look into the considerations for turnover or measure the cost-to-recruit for budget considerations.

As in the given case, google is making their employees fell more valuable and involved, its employees will feel more satisfied with the jobs and will not easily leave the company. Thus, the employee turnover in google will be lower.

6 0
3 years ago
Hoffman Corporation retires its bonds at 106 on January 1, following the payment of semiannual interest. The face value of the b
Ipatiy [6.2K]

Answer:

B. credit of $4,200 to Gain on Bond Redemption

Explanation:

face value 400,000

callable at 106

cash disbursements 400,000 x 1.06 = 424,000

carrying value (after discount or premium) 419,800

as is higher than face value the onds have a premium for 19,800 dollars

result at redemption:

book value - market value

419,800 - 424,000 = 4,200

Journal entry

Bonds Payable       400,000 debit

Premium on BP         19,800 debit

    Cash                                      424,000 credit

   Gain on Bond of Redemption   4,200 credit

This makes B option correct.

7 0
4 years ago
Weather speech is going to be delivered before one or 100 people this speaker should
melomori [17]
Be prepared for the worse, be expected for 100 or even 1000 people to show, even though it might not happen. Be prepared! Run your lines to the point to where they are drilled into your brain and most of all stay calm. You definitely do not want to have a panic attack while your giving your speech. Find a familiar face in the crowd and focus on them, if there are none, imagine everyone naked. Be energetic and do not drone on, make it exciting.
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7 0
3 years ago
Business analytics tools are used with data in the ________________ to gain insight and support decision making.
kenny6666 [7]

Answer:

Business

Explanation:

The extensive use of data and quantitative analysis to support fact-based decision making within organizations.

8 0
3 years ago
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