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zmey [24]
3 years ago
15

Lance contracts with Herman to fix the brakes on his car. The agreed upon amount is $750. When Herman is fixing the brakes, he n

otices that a wheel bearing needs replacement because it is completely broken. When Lance picks up his car the bill is $900. Lance says he will not pay this amount but the agreed upon $750. This is considered a(n) ______ debt.
Business
1 answer:
34kurt3 years ago
7 0

Answer: disputed debt

Explanation:

The above scenario in the question explains a disputed debt. This occurs when there's a disagreement between two parties based on the amount owed.

In this case, Lance contracts with Herman to fix the brakes on his car for $750 but when Lance picks up his car, the bill is $900 and Lance insisted on paying the $750 that was agreed on. This shows a disputed debt.

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Vaughn Manufacturing has 11500 shares of 5%, $100 par value, non-cumulative preferred stock and 46000 shares of $1 par value com
Oksana_A [137]

Answer:

$23,000

Explanation:

Total dividends = $138,000 (Paid in 2020)

Common stock outstanding = 46,000 shares

Preferred dividend = Number of shares × Par value × 5%

= 11,500 × $100 × 5%

= $57,500

Dividends received by common stock holders in 2020 is;

= Total dividends - Preferred dividend

= ($138,000 × 1) - ($57,500 × 2)

= $138,000 - $115,000

= $23,000

5 0
3 years ago
Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goa
olasank [31]

Answer:

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Explanation:

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Ben has to manage information on what we can say three different level; individual level which is developing individual goals, team or business unit , which according to the question is departmental goals and generating financial analysis across deparments and on a corporate level, which is the enterprise as a whole which will be reviewed by the executive teamand adding value to the company as a whole.

4 0
3 years ago
A _______ is a group of people who agree to save their money together and to make loans to each other at a relatively low rate o
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A) credit union is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest. 
7 0
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brilliants [131]

Answer:

A recession

Explanation:

A recession is a period of slow or negative economic growth that lasts several months. In a recession, there is a general decline in productivity in the economy. In other words, the GDP growth rate drops too low or turns negatives.

Due to low productivity, unemployment rate rises as the industries and services sectors lay-off workers instead of creating job opportunities.  There is reduced consumer confidence leading to low retail sales and a decline in prices.

Negative growth implies reduced levels of investment in the economy. Businesses experience low profits, and hence, stock prices fall.  Economist considers recessions a part of a normal business cycle.

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3 years ago
An economy has experienced a rightward shift of its long-run aggregate supply curve and is now producing on that new long-run ag
slavikrds [6]

Answer:

The answer is letter D.

Explanation:

It is reasonable to expect that the cyclical unemployment rate has been unaffected.

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