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Mrrafil [7]
2 years ago
15

Joe, a plumber, borrowed money from a friend who is now insisting that Joe repay the money. Joe does not have the money but has

a contract for the installation of plumbing in a new office building. Joe agrees to transfer to the friend the money he will receive from the plumbing job. Which of the following best describes Joe's friend?
A.
Assignee
B.
Third party beneficiary
C.
Incidental beneficiary
D.
None of the selections.
Business
1 answer:
NikAS [45]2 years ago
3 0

Answer:

A must bear the loss as he is unable to complete his side of the contract - delivering the horse

Explanation:

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The expected rates of return on portfolios A and B are 11% and 14%, respectively. The beta of A is 0.8 and the beta of B is 1.5.
Zigmanuir [339]

Answer:

Portfolio B has a higher return but more volatile stocks. However it depends on how the individual can tolerate risks.

Explanation:

Expected return= free return + Beta (Expected rate of return – risk free rate)

Portfolio A

6%+ +.8*6%

= 6%+4.8%= 10.8%

Portfolio B

6%+1.5(6%)

6%+9%= 15%

It depends on different factors. Portfolio B has a higher return but more volatile stocks. However it depends on how the individual can tolerate risks.

4 0
3 years ago
Explain how a country could have a deficit on its primary income but a current account surplus. 4 marks​
Tatiana [17]
<h2>The following are the reasons for how a country could have a deficit on its primary income but a current account surplus:</h2>

  • The identified and associated sources of primary income would be different than the sources of financial activities that reflect their collection in the current account.
  • The expenses on developmental activities could be drawn from the primary account rather than drawing them directly from the current account.
  • There could be diversions of funds to manage the accounts in order to earn interest on them.
7 0
3 years ago
Sandra, the operations manager of the Zara clothing chain, is informed that the summer line requires certain materials that are
Alecsey [184]

Answer:

<em>MRP (Material Requirement Planning)</em>

Explanation:

Material Requirements Planning (MRP) is a calculation system for the components and materials necessary to produce goods.

All of this consists of <u>three principal steps</u>:

  • stock of on-hand components and materials,
  • recognize which added bits are required and,
  • afterwards schedule their manufacturing or purchase.
3 0
3 years ago
A(n) ________ underwrites new issues of securities for corporations, states, and municipalities needed to raise money in the cap
xxMikexx [17]

Answer:

Non Banking Institutions (Investment Bank)

Explanation:

Non Banking Institutions (Investment Bank) do not have a full banking licence and are not usually supervised by a national or international banking regulatory agency.

NBIs facilitate investment, market brokerage, contractual savings and risk pooling.

Non Bank Institutions provide avenues for transforming an economy's savings to capital investment.

One way they do this is by underwriting new issues of securities for corporations, states, and municipalities needed to raise money in the capital markets.

8 0
3 years ago
Bluestone Company had three intangible assets at the end of the current year:
Dimas [21]

Answer:

Bluestone Company

1. Acquisition cost of each intangible asset:

Patent $3,200

Trademark = $0

Licensing Rights = $70,000

2. Amortization for the current year ended December 31:

Amortization Expenses:

Patent = $200 ($3,200/16)

Trademark = $7,500 (expensed in full)

Licensing Rights = $14,000 ($70,000/5)

3. BLUESTONE COMPANY

Income Statement (partial)

For the year ending December 31

Amortization Expenses:

Patent $200

Licensing Rights $14,000

Trademark expense $7,500

BLUESTONE COMPANY

Balance sheet (partial)

At December 31

Intangibles:

Patent                       $3,200

Acc. Amortization         200    $3,000

Licensing Rights  $70,000

Acc. Amortization   14,000   $56,000

Explanation:

a) Data and Calculations:

a. Purchased patent on January 1 for $3,200 Estimated life 16 years

b. Internally developed trademark is expensed: $7,500

c. Purchasing Licensing Rights on January 1 for $70,000 for 5 years

7 0
2 years ago
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