Answer:
APR = 669.17%
Explanation:
Cash 4U is charging $55 in interest for 6 days, that means it is charging Bob $9.17 in interest per day which is equivalent to 1.8333% daily interest. If we want to determine the APR we just have to multiply the daily interest by 365 days = 1.8333% per day x 365 days = 669.17%
Answer:
No, because they violated the duty of care
Explanation:
Business judgement rule is a provision that protects the management of a business from frivolous legal action concerning the way it does business.
The court assumes that the management acts in good faith in its fiduciary role, standard of loyalty, prudence, and care.
Duty of care is breached when the management do not make reasonable effort to prevent injury or loss.
In this instance Signal board is not protected by the business judgement rule because they violated duty of care.
Although the offer by Burmah oil is above the valuation a month ago, the board did not bother to do a present valuation or find out if other companies want to buy the subsidiary at a higher price.
Answer:
c) A heuristic
Explanation:
Price is a decision heuristic a shortcut to simplify and shorten the decision process. You get what you pay for is related to this heuristic.
<span>a merchandise purchases budget replaces the production budget.
the manufacturing budgets are not applicable.</span>
When a small business owner has two employees but trusts each one to have their own cash register and handle the money of the business separately, that means that the owner supports the establishment of responsibility. One instance where this could happen is at a small deli or coffee shop.
