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topjm [15]
3 years ago
7

Austin, Texas has passed a local ordinance that provides all motor vehicles must provide at least three feet of clearance when p

assing a bicycle. Ted is driving his vehicle and accidentally hits Zoey. His actions of violating the local ordinance and hitting Zoey constitute
Business
1 answer:
Free_Kalibri [48]3 years ago
6 0

Answer:

negligence per se

Explanation:

Negligence per se -

According to this offense , it is the breaking of the statute , which is applied to save the people from a particular type of danger or harm .

It is based on , the duty of care .

And , the duty of care , is determined by the jury under the normal negligence rules .

Similarly in the question , Ted hit Zoey accidentally and constitutes ,  negligence per se .

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To take advantage of an arbitrage opportunity, an investor would 1) construct a zero-investment portfolio that will yield a sure
Alex_Xolod [135]

Answer:

Both statements I and III are correct.

Explanation:

<u>1.Construct a zero investment portfolio that will yield a sure profit </u>

<u> </u>

<u>3.Make simultaneous trades in two markets without any net investments</u>

7 0
3 years ago
The Route 66 Gift Shop, which records sales and sales tax separately, had sales on account of $1,500 and cash sales of $1,000. T
Romashka-Z-Leto [24]

Answer: D. Debit to Accounts Receivable of $1,620 and a debit to Cash of $1,080.

Explanation:

Route 66 Gift Shop records sales and sales tax separately so we would have to account for both of them in the amount recorded in the Journal Entry.

For the Accounts Receivables therefore the figure we would record is,

= 1,500 + 1500(0.08)

= $1,620

For the Cash Sales would be

= 1,000 + 1000(0.08)

= $1,080

Therefore option D is correct.

5 0
2 years ago
Prepare adjusting journal entries, as needed, for the following items.
podryga [215]

Answer:

Explanation:

Journal Entry is the way to record transactions, i.e business transactions into the record of account which is called Journal Book. It involves the identification of those account present in the transaction,know the type of account, then with accounting rule, record the transaction.

CHECK THE ATTACHMENT FOR THE PREPARED JOURNAL

6 0
3 years ago
You are given the following information for Lightning Power Co. Assume the company's tax rate is 35 percent.
olga55 [171]

Answer:

The company's WACC is 9.14%

Explanation:

cost of preferred stock

= (dividend on preferred stock)/(current market price)

= [$100*4%]/$72

= 5.56%

total finance = debt + equity + preferred stock

                     = (8,000*$1,060) + (310,000*$57) + (15,000*$72)

                     = $8,480,000 + $17,670,000 + $1,080,000

                      = $27,230,000

weight of debt = debt/total finance

                         = $8,480,000/$27,230,000

                         = 0.31

weight on equity = equity/total finace

                             = $1.080.000/$27,230,000

                             = 0.04

WACC

= (weight of debt*after tax cost of debt) + (weight on equity*cost of equity)

= (0.31*0.0393) + (0.65-0.1185) + (0.04*0.0556)

= 9.14%

Therefore, The company's WACC is 9.14%

5 0
2 years ago
Cost-benefit analysis attempts to A. compare the real worth, rather than the market values, of various goods and services. B. co
statuscvo [17]

Answer:

<u>Letter D is correct. C</u>ompare the benefits and costs associated with any economic project or activity.

Explanation:

A cost-benefit analysis is a business approach used to ascertain the main strengths and weaknesses of an organization as a whole. This includes the process of all organizational activities, transactions, and other substantial requirements for the company. The purpose of this approach is to compare the benefits and costs associated with the organization's activities and find ways to reduce costs, time and maximize earnings.

8 0
3 years ago
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