Answer:
Carlos committed the business tort known as "Injurious Falsehood
."
Explanation:
Carlos intentionally made the false suggestion to cause damage to Barry's business, thus reducing his economic profits by $0.50 per wash and damaging his business reputation and the reputation of Barry's business as a whole. Carlos' aim is twofold: to reduce Barry's economic profits and to present Barry's business as performing below acceptable quality or using inferior materials for dry cleaning services. Therefore, Barry can prove that an injurious falsehood occurred by showing that Carlos employed malice to convince him to reduce his charges to $2.50 per wash for a limited period, and Carlos was fully aware that his suggestion was false when he made it.
Answer:
d. credit to Salaries Payable for $8,600
Explanation:
<em>The journal entry would be as follows.</em>
Magnum Company
Payroll Journal
Particulars Debit Credit
Salaries $12,000 Debit
Federal Income taxes withheld 2,500 Credit
Social Security & Medicare taxes withheld 900 Credit
Salaries Payable $8,600 Credit
Unemployment taxes are paid by the employer . They are not deducted from the employees' wages . They include both the federal and state taxes.Social Security & Medicare taxes withheld $ 900 include the Social Security & Medicare taxes $ 900.
$352,696 lender stand to lose in the absence of pmi. A borrower may be required to PMI as a condition of obtaining a conventional mortgage loan.
<h3>What is Private Mortgage Insurance (PMI) ?</h3>
Private mortgage insurance (PMI) is a type of insurance that a borrower might be required to buy as a condition of a conventional mortgage loan. When a buyer puts down less than 20% of the home's price, the majority of lenders demand PMI.
In contrast to most insurance types, this one safeguards the lender's investment in the house, not the policyholder. However, PMI enables some people to purchase a home more quickly. PMI makes it possible for people to get financing if they decide to put down between 5% and 19.99% of the home's cost.
It does, however, incur additional monthly expenses. Until they have built up enough equity in the property that the lender no longer views them as high-risk, borrowers must continue to pay their PMI.
Formula for calculating PMI :Divide the loan amount by the property value. Then multiply by 100 to get the percentage. If the result is 80% or lower, your PMI is 0%, which means you don't have to pay PMI.
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Answer:
GIGO stands for garbage in, garbage out
Explanation:
GIGO termed as or stands for garbage in, garbage out, which is defined as if the bad data is provided as an input to a program, then the program will produce the bad data as the output.
In short, it is the input validation procedure, so when the input is given to the program, then it should be inspected before processing.
So, GIGO, it is the concept which states that the quality of the output will be as goods as the quality of input, that is familiar to the professionals of IT.