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Evgen [1.6K]
3 years ago
15

An attorney came to work on a Saturday. When he signed in, he was advised by the morning security guard employed by the building

management that he must be out of the building by 5 p.m., when it closes. However, he stayed past 5 p.m. to complete a brief that had to be filed on Monday morning. At 5:15 p.m., the afternoon security guard set the locks on all the doors of the building and left. Because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. When the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. He used his cell phone to call for help, and a supervisor from the building arrived and let him out shortly thereafter. If the attorney sues the building management for false imprisonment, is he likely to win
Business
1 answer:
zhuklara [117]3 years ago
8 0

Answer:

The attorney will most likely lose if he sues for false imprisonment

Explanation:

False imprisonment is also called unlawful imprisonment. It is the act of confining a person to an area without legal authority, justification, or consent of the person that is restrained.

In the given scenario the attorney was informed that he office will be locked by 5 am. If he was staying longer he should have informed the security.

Also the security guard did not intentionally lock him in as she was not aware he was present.

For one to be guilty of false imprisonment these three conditions should be met:

- an act that confines a person to a particular area

- intention of confining the person

- causation

These conditions were not met in this case.

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Answer:

Explanation:

Price is sum of:

1. Present value of expected dividend payments during 1-4 years;

2. Present value of the expected market price at the end of the fourth year based on growth at 5%.

Present value of expected dividend payments during 1-4 years:

PV1 = 3*(1+0.30)*0.8929 = 3.90*0.8929 = $3.482

*0.8929 = 1/1.12

PV2 = 3.90*1.30*0.7972 = 5.07*0.7972 = $4.042

PV3 = 5.07*1.30*0.7118 = 6.591*0.7118 = $4.691

PV4 = 6.591*1.30*0.6355 = 8.5683*0.6355 = $5.445

Total = $17.661

Present value of the expected market price at the end of the fourth year:

Market price of the share at the end = 5th year dividend/(Required rate of return - growth rate)

5th year dividend = $8.5683*(1+growth rate) = $8.5683*(1+0.05) = $9

Market price of the share at the end = $9/(0.12-0.05) = $128.57

Present value of $128.57 is 128.57*0.6355(present value interest factor for year 4) = $81.7

So the price of share is $17.661+$81.7 = $99.37

8 0
3 years ago
On January 1, Concord Corporation had 113000 shares of $10 par value common stock outstanding. On March 17 the company declared
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Answer and Explanation:

The Journal entry is shown below:-

March 17

Stock Dividend Dr, $84,750 (113,000 × 5% × $15)

     To Common Stock Dividend Distributable $56,500 (113000 × 5% × $10)

     To Paid in capital in excess of Par - Common Stock $28,250

(Being stock dividend is recorded)

Here we debited the stock dividend and we credited the Common Stock Dividend Distributable and Paid in capital in excess of Par - Common Stock

6 0
3 years ago
Last year Janet purchased a $1,000 face value corporate bond with an 10% annual coupon rate and a 20-year maturity. At the time
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Answer:

33.8%

Explanation:

Purchase price of the bond will be computed using the formula below.

p=\frac{A(1-(1+r)^{-n} }{r} + \frac{F}{(1+r)^{n} }

where A = annual coupon = 10% * 1000 = 100

r = yield to maturity = 0.1384

n = time to maturity = 20 years

F = face value = $1,000

p = price of the bond.

p=\frac{100(1-1.1384^{-20} }{0.1384} + \frac{1,000}{(1.1384)^{20} }\\p = 668.4721 + 74.8346\\p = 743.31

Therefore, if Janet sold the bond a year later for $994.79,

the profit on sale = \frac{994.79}{743.31} -1=0.3383

= 33.8% profit (rate of return).

7 0
3 years ago
Some people believe that the right of privacy should be extended to the workplace. Others feel that, on the contrary, such an ex
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Explanation:

This discussion about organizations monitoring employee behavior can be related to ethical and unethical issues.

The ideal is for the company to have a set of well-defined policies and procedures with regard to the rights and duties of employees, as long as the policies have ethical and legal foundations, which guarantee the right to privacy and human integrity.

Therefore, the monitoring of the employee's behavior must always be related to their functions, and to the fulfillment of internal policies.

6 0
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Answer:

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The mission statement states why a company exists and what is its overall goal.

This particular mission statement emphasizes:

  • Why SatinSilk exists: to give customers the complexion they dram about.
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6 0
3 years ago
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