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yKpoI14uk [10]
2 years ago
13

Marcus has decided to open an auto detailing business. He will pick up an automobile from the​ client, take it to his​ parents'

garage, detail​ it, and return it to the client. If he does all of the work himself and takes no legal steps to form a special​ organization, which type of business​ organization, in​ effect, has he​ chosen?
Business
1 answer:
AleksAgata [21]2 years ago
7 0

Answer:

A sole proprietor

Explanation:

His business is owned and run by one person, himself. There is no distinction between the owner and the business entity. It is possibly for him to hire emplyees is not required to do all the work.

Marcus receives all the profits and has responsiblity for the debts and losses which could arise from his enterprise. The debts of the autodetailing business are his.

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The rule preventing recovery for reasonably avoidable damages is often called the duty to mitigate. True or false
Degger [83]

Answer:

True

Explanation:

In contract law and civil law, the duty to mitigate damages refers to the duty that the individual responsible for the wrongdoing must carry out to limit the harm or injury caused by him/her. The duty to mitigate applies both for contract breaches and victims or torts.

3 0
3 years ago
Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the gro
mel-nik [20]

Answer:

The current share price is $82.85

Explanation:

D1 = (2.85*1.25)

    = 3.56

D2 = (3.56*1.25)

     = 4.45

D3 = (4.45*1.25)

     = 5.566

Value after year 3 = (D3*Growth rate)/(Required rate - Growth rate)

                              = (5.566*1.045)/(0.105 - 0.045)

                               = $96.95  

current price = Future dividend and value*Present value of discounting factor  

= 3.56/1.105 + 4.45/1.105^2 +5.566/1.105^3 + $96.95/1.105^3

= $82.85

Therefore, The current share price is $82.85

3 0
2 years ago
Which of the following best defines a SWOT analysis? Group of answer choices
Grace [21]

Answer:

The correct option is its aim is to review internal processes independently of the external industry environment

Explanation:

The first option is wrong because it only made mention of the internal strengths and weaknesses,there is no mention of external opportunities and threats

The second option is obviously wrong as SWOT has no direct link with classifying assets as tangible or intangible.

It is not conducted by regulatory agencies as it is not a regulatory requirement

Lastly ,internal processes refer to strengths and weakness while opportunities and threats emanate from the external industry environment

6 0
2 years ago
During 2018, Jill, age 39, participated in a Section 401(k) plan which provides for maximum employee contributions of 12%. Jill'
maks197457 [2]

Answer:

The correct answer is $10,800.

Explanation:

According to the scenario, the given data are as follows:

Jill's salary = $90,000

Jill's maximum contribution = 12%

So, we can calculate Jill's maximum tax-deferred contribution by using following formula:

Maximum tax-deferred contribution = Jill's salary × Maximum contribution percentage.

= $90,000 × 12%

= $90,000 × 0.12

= $10,800

Hence, Jill's maximum tax-deferred contribution to the plan for the year is $10,800.

5 0
3 years ago
There are six printers at "Today's news" newspaper, each printing at the same constant rate. Working together, the six printers
MrRissso [65]

Answer:

Explanation:

Given:

Today:

Number of printers = 6

Work duration = 12 hours

Tomorrow:

Work duration = 8 hours

At the same rate of printing,

If 6 printer were used to print newspapers for 12 hours.

Only 1 printer will work for 12 × 6 hours at the same rate

But is the printers were 8, (12 × 6)/8

= 9 printers.

Initial number of printers = 6 printers

Additional printers to be purchased = 9 - 6

= 3 printers

3 0
2 years ago
Read 2 more answers
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