Answer:
may be liable for both the negligent and intentional acts.
Explanation:
In the case when an agent is within the scope of agent relationship that committed both type of acts i.e. negligent and intentional that results the injury to the third party so here the principal may be liable for both the act i.e. negligent and intentional as it is followed by the doctrine of respodeat superior
Therefore the second option is correct
Answer:
C
Explanation:
I just did it and got it right :))
Answer:
The Firm's Total Liabilities is $450
Explanation:
Use the accounting equation to calculate the Total Liabilities
Total Assets = Total Equity + Total Liabilities
Now rearrange the accounting equation to make the required formula
Total Liabilities = Total Assets - Total Equity
Where
Total Assets = $500
Total Equity = $50
Placing values in the formula
Total Liabilities = $500 - $50
Total Liabilities = $450
Answer:
The correct answer for option (a) is $1.6 per share and for option (b) is decrease in cash and retained earning.
Explanation:
According to the scenario, the computation for the given data are as follows:
(a) We can calculate the amount that firm can pay in cash dividend by using following formula:
Amount to pay in cash dividend = $40,000 ÷ 25,000
= $1.6 per share
(b). If the cash dividend is $0.80 per share than the cash and retained earning can be calculated as follows:
Cash and retained earning = $0.80 × 25,000 = $20,000
As $20,000 is less than previous, than it will decrease the cash and retained earning.
Answer:
If a statute is silent on this point, enforcement depends on whether it is a(n) REGULATORY statute or a revenue-raising statute.
Explanation:
Regulatory statutes regulate practitioners, e.g. doctors, constructors, real estate brokers, dentists, etc., and its main purpose is to protect the general public. This statues are state laws meant to regulate certain professions that may be considered sensitive or hazardous. E.g. a person that pretends to be a doctor can severely injure a patient or even kill him/her. A person that pretends to be a real estate broker can be committing fraud against his/her clients.
