Answer:
Mae's Music Shop retains responsibility to pay the Bank of Wallace even if School District 4 defaults on the note.
Explanation:
A contingent liability is merely a potential loss or a liability that may take place in the future that rely on the outcome of a future event. A contingent liability is not certain.
In the question, Mae's Music Shop sold some musical instruments on an outstanding balance to School District 4 and asked School District 4 to sign a note for the purchase. But since Mae's Music Shop needs money before the maturity of the note, they went to the Bank of Wallace and discounted the note.
Now in case of any contingent liability, if the note is dishonored, Mae's Music Shop is liable to pay to the Bank of Wallace for the money.
Thus the answer is ---
Mae's Music Shop retains responsibility to pay the Bank of Wallace even if School District 4 defaults on the note.
The sellers will pay the entire share.
<u>Explanation:</u>
If the quantity of the land supplied is constant, it does not increase. So if the tax is imposed on the land, the price of land will definitely go up because of the limitation in the quantity of the land available.
If the tax is imposed on the rental price of the land which will lead to increase in the price of that land, then the tax has to be paid by the sellers of that particular land.
Answer:
Money Created = $50000
Explanation:
Money Multiplier is ratio of multiple times final deposits, created by initial deposits received by bank. It is determined by Legal Reserve Ratio to be kept by commercial banks, as per central banks commands.
Final Deposits / Initial Deposits = 1/LRR
Given LRR = 0.20, Money Multiplier = 1/ 0.20 = 5 here
This means Final Deposits will be 5 times Initial Deposits. So given intital deposits = 10000 , they will be 10000 x 5 i.e = $ 50000
Answer:
r = 0.103555 or 10.3555% rounded off to 10.36%
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D1 / (r - g)
Where,
- D1 is dividend expected for the next period /year
- r is the required rate of return or cost of equity
Plugging in the values for D0, P0 and g in the formula, we can calculate r to be,
53.1 = 2.95 / (r - 0.048)
53.1 * (r - 0.048) = 2.95
53.1r - 2.5488 = 2.95
53.1r = 2.95+ 2.5488
r = 5.4988 / 53.1
r = 0.103555 or 10.3555% rounded off to 10.36%
Answer:
Controlling
Explanation:
The controlling function of management refers to the responsability of managers to check the results of the company against the goals that have been set to be able to take any necessary measures to make sure they can be fulfilled and this is what Olivia is doing.