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Dominik [7]
3 years ago
7

A line cook at a restaurant was inspired to become a chef, but he lacked the necessary training. The line cook asked the chef at

the restaurant if he could borrow $2,400 to take a professional cooking class. The chef agreed in a writing signed by both parties to loan him the money, provided that the line cook repaid her $200 each month for a year, beginning when the six-month class was over. The line cook made the first payment, but then missed the next two payments. The chef brought an action against the line cook prior to the time the fourth payment was due. How much is the chef entitled to in a judgment against the line cook?
Answers:
A. Nothing, because the entire loan amount was not yet due.
B. $400
C. $600
D. $2,400
Business
1 answer:
sammy [17]3 years ago
6 0

Answer:

The answer is "Option B".

Explanation:

In the event of an infringement, unless the sole remaining performing duties are the violating duties of a Party as well as the fee by payments which are not mutually related, this same violation of – anti shall result throughout the infringement, whether in followed or accompanied by either a condemnation, not leading to a legal claim in full or partial contravening. Another claim for part-infringement damages is for compensation based only on the portion of the residual music rights of the wounded person. Here the cook only has the right to judge the amount due to the line cook after 2 months of payment.

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Ratling [72]
The agent of Lisa would likely tell her about the process and the rules in regards of the disability buy and sell insurance. The agent would likely explain that if she acquired this type, the insured person would likely be protected when the person has exhibit a disability and that having this type of insurance have benefits and are likely to be tax free.  
8 0
3 years ago
An investor is considering two investment, an office building and bonds. He can only invest on of them. The possible return from
Hitman42 [59]

Answer:

1) Calculate the expected return and variance of investing in office building.

expected return:

$50,000 x 0.3 = $15,000

$60,000 x 0.2 = $12,000

$80,000 x 0.1 = $8,000

$10,000 x 0.3 = $3,000

<u>$0 x 0.1 = $0                      </u>

expected return = $38,000

$50,000 - $38,000 = -$12,000² = $144,000,000

$60,000 - $38,000 = -$22,000² = $484,000,000

$80,000 - $38,000 = -$42,000² = $1,764,000,000

$10,000 - $38,000 = -$28,000² = $784,000,000

<u>$0 - $38,000 = -$38,000² = $1,444,000,000         </u>

<u />

expected variance: (0.3 x $144,000,000) + (0.2 x $484,000,000) + (0.1 x $1,764,000,000) + (0.3 x $784,000,000) + (0.1 x $1,444,000,000) = $43,200,000 + $96,200,000 + $176,400,000 + $235,200,000 + $144,400,000 = $695,400,000

standard deviation = √$895,800,000 = $26,370

2) Calculate the expected return and variance of investing in bonds.

expected return:

$30,000 x 0.4 = $12,000

<u>$40,000 x 0.6 = $24,000   </u>

expected return = $36,000

$30,000 - $36,000 = -$6,000² = $36,000,000

<u>$40,000 - $36,000 = $4,000² = $16,000,000</u>

<u />

expected variance: (0.4 x $36,000,000) + (0.6 x $16,000,000) = $14,400,000 + $9,600,000 = $24,000,000

standard deviation = √$24,000,000 = $4,899

3) Based on the expected return we should choose investing in a building, but if we consider the variance and the standard deviation of the investments, I would choose investing in bonds. The difference in expected returns is not that large (only $2,000) but the variance and standard deviations of investing in the office buildings is quite large, meaning that the risk is very high.

3 0
3 years ago
ALTOID CO. Balance Sheet At December 31, 2021 Assets: Cash $ 220 Short-term investments 550 Accounts receivable (net) 650 Invent
kumpel [21]

Answer:

3.4

Explanation:

Current assets = Cash + Short-term investments + Accounts receivable (net) + Inventory

= $220 + $550 + $800 + $1,150

= $2,720

Current ratio = Current assets / Current liabilities

Current ratio = $2,720 / $800

Current ratio = 3.4

3 0
3 years ago
Funsters, Inc., the largest toy company in the country, sells its most popular doll for $15. It has just learned that its leadin
sukhopar [10]

Answer:

Funsters should increase the supply of its doll now before the other doll hits the market.

Explanation:

6 0
2 years ago
2. Ernesto purchased a used car for $6800. He paid 64% sales tax. How much tax did he pay?​
Oxana [17]
6800*.64= 4352

Ernesto payed $ 4352 in tax
4 0
2 years ago
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