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4 years ago

An employee is _________when a company purchases an insurance policy against losses from theft by that employee.

1 answer:

6 0

An employee is in a BOND when a company purchases an insurance policy against losses from theft by that employee.

Every business owners are advised to bond their employees under Employee Theft Bond upon hiring. This is to protect their businesses from employee theft and avoid possible bankruptcy. Despite rigorous filtering of new hires, there is still a big possibility that employees will steal from the company especially if company transactions are mostly done in cash to cash basis.

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When both parties to a contract are mistaken as to the same material fact either paarty can rescind the contract?

crimeas [40]

I took this question already, so if it was

Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.

It would be "True"

6 0

3 years ago

If the Market Equilibrium Wage Rate is $105.00 and FC = $1500.00: A. The firm Shuts Down and hires no workers and loses $1500.00

Eduardwww [97]

Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit

Explanation:

According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.

If 45 workers are hired, they would cost:

= 45 * 105 per worker

= $4,725

Added to the fixed cost, the total cost would be:

= 4,725 + 1,500

= $6,225

The profit would be:

= Revenue - cost

= 7,425 - 6,225

= $1,200

3 0

3 years ago

The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected

Lelu [443]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The dinner-dance committee has assembled the following expected costs for the event:

Dinner (per person) $ 18

Favors and program (per person) $ 2

Band $ 2,800

Rental of ballroom $ 900

Professional entertainment during intermission $ 1,000

Tickets and advertising $ 1,300

The committee members would like to charge $35 per person.

1) Break-even point= fixed costs/ contribution margin

Break-evenn point= (Band+rental+professional entertainment+tickets)/[price - (dinner+favors)]

Break-even point= 6000/(35-20)= 400 individuals

2) Q= 300 P=?

300=6000/(P-20)

300*(P-20)= 6000

300P=12000

P=$40

7 0

4 years ago

Compute the continuously compounded interest rate for 228 days where the ACT/365 interest rate is 2.92%. Give your answer to fou

Nikitich [7]

Answer:

The answer is 1.8407.

Explanation:

To calculate interest rate for 228 days we will first calculate daily rate and than put value in compounding rate formula.

Daily interest rate = 2.92%/365 = 0.008 %

Interest rate 228 = (1+I%)^n -1

Interest rate 228 = (1+0.008%)^228-1 = 1.8407%

3 0

3 years ago

In the early 1980s, David Jimenez, a corporate finance manager, was faced with which of the following problems?

Anton [14]

Answer:

a. High inflation rates

Explanation:

Note that a major role of a corporate finance manager is to maximize the profits of a business by providing advice as to mergers as well as buying and selling financial products.

Therefore, according to reports David Jimenez in the early 1980s was faced with the problems of high inflation rates which meant a rise in the cost of production etc for companies or businesses under his care.

4 0

3 years ago