Answer:
Debit : Dividends $50,000
Credit : Cash $50,000
Explanation:
Dividend calculation = 500,000 shares x $1 x 1/10 = $50,000
To record the dividend, the following entry is made :
Debit : Dividends $50,000
Credit : Cash $50,000
The parol evidence rule has many exceptions, with possibly the most prevalent one being when <u>oral</u> evidence serves to clear up a(n) <u>ambiguous</u> part of an agreement.
More about the parol evidence rule:
The parol evidence rule is a principle of Anglo-American common law that controls the types of evidence that parties to a contract dispute may provide in an effort to ascertain the precise terms of the contract.
The parol evidence rule also prohibits parties who have reduced their agreement to a finalized written instrument from adding further evidence later on as proof of a different intent regarding the contract terms, such as the content of oral exchanges from earlier in the negotiation process.
Learn more about the parol evidence rule here:
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The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of what percentage?
Answer:
4 percent
Explanation:
The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of 4 percent
The Act also declared that on or before the year 1983 the federal government should achieve an adult unemployment rate of at most 3 percent, a civilian unemployment rate of at most 4 percent, and an inflation rate of at most 3 percent.
Hence, in this case, the correct answer is 4 percent.
Answer:
1. Moral and ethical responsibility
2. No
3. Lawsuit may be involved
Explanation:
1. Every US company apart from environmental or safety laws in the locality where it operates, have a moral and ethical responsibility to do what is right in terms of safe work practices and product safety/quality.
2. Even though some countries may have less strict laws than the US, moral and ethical responsibility should always thrive. For example, China is known to have less strict manufacturing standards than the United States, however this does not justifies a company to practice unsafe manufacturing standards.
3. For corporations selling products overseas that are banned in the United States, such as DDT to countries that were known to still allow it sales such as India, and North Korea. A lawsuit against those corporations may be considered legal.
