Answer:
Th answer is: Jim is liable for Ronald´s injuries and Sarah and Alex are also liable but only to the extent of their ownership in Super Company, LLC.
Explanation:
Ronald can sue Jim for committing a negligent act (for hitting and injuring him). But he can also sue Super Company, LLC, because when the accident happened Jim was acting within the scope of ordinary business. That means that Sarah and Alex will also be liable but at a limited extent. Sarah will only be liable up to $5,000 and Alex will be liable up to $15,000 (the amount of money they contributed to create Super Company, LLC)
Answer:
a) Total Interest Paid in 24 months is $1680
b) Total Cost of the car is $12180
c) Monthly Payment is $420
d) Annual Percentage Rate is 10.47%
Explanation:
(a) Loan Amount = $8400
Interest Rate = 10%
Monthly Interest = 8400 x (10%/12)
= $70
Total Interest Paid in 24 months = 24 x 70
= $1680
(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment
= 8400 + 1680 + 2100
= $12180
(c) Monthly Principal Payment = 8400/24
= $350
Monthly Payment = Monthly Interest Payment + Monthly Principal Payment
= 70 + 35
= $420
(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1
= 0.1047
= 10.47%
The most reliable procedure for an auditor to use to test the existence of a client's inventory at an outside location would be to: Observe physical counts of the inventory items.
<h3>
Which of the following audit procedures is best to perform to determine that company legally owns inventories?</h3>
To best ascertain that a company has properly included merchandise that it owns in its ending inventory, the auditors should review and test the: Purchase cutoff procedures. Purchase cutoff procedures should be designed to test whether all inventory Owned by the company was recorded.
Observe merchandise and raw materials during the client's physical inventory taking.
To learn more about the inventory visit the link
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Answer:
The correct answer is 44.73 days or 45 days.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the day's sales uncollected by using following formula:
Day's sales uncollected = No. of days in year ÷ Debtor turnover ratio
Where, Debtor turnover ratio = Sales ÷ Accounts receivable
= $607,500 ÷ $74,422
= 8.16
So, by putting the value, we get
Day's sales uncollected = 365 days ÷ 8.16
= 44.73 days or 45 days.
Unethical behavior is behavior that is not considered normal, respectful, and ethical. Behavior such as cursing in public, performing inappropriate actions in public, or disturbing the peace is considered unethical. There are set norms in our society that you must follow like not shouting “d*mn in front of your mother of something similar.
