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3 years ago

Damages that involve only a very small monetary award are called liquidated damages. a. True b. False

Business

1 answer:

Romashka [77]3 years ago

5 0

Answer:

b. false.

Explanation:

because it is presented in certain legal contracts as an estimate of otherwise intangible or hard-to-define losses to one of the parties. It is a provision that allows for the payment of a specified sum should one of the parties be in breach of contract.

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Alison Jacobs (single) purchased a home in Las Vegas. Nevada for $400,000. She moved into the home on September 1, year O. She l

Mrac [35]

Answer:

$3,750

Explanation:

Capital Gain tax is paid on the sale property value. According to tax rule if you sale your residence building the first $250,000 is exempt from the tax and the amount above this value will be taxed using rate of 15%.

Total Amount of Gain = $275,000

Amount Exempted = $250,000

Taxable value = $275,000 - $250,000 = $25,000

Tax value = $25,000 x 15%= $3,750

3 0

4 years ago

Assume company x deposits $100,000 in cash in commercial bank. If no excess reserves exist at the time this deposit is made and

kodGreya [7K]

Assume company x deposits $100,000 in cash in a commercial bank. If no excess reserves exist at the time this deposit is made and the reserve ratio is 20 percent, the bank can increase loans by a maximum of $500,000.

Reserve ratio = 20% = 20/100 = 0.25

Initial Money supply = (1/Reserve ratio)*New Deposit = (100,000/0.25) = $ 400,000

Reserve ratio = Rerserve / Deposit

=> Reserves = 0.25*100,000 = 25,000

Max Increase in Money Supply = Initial Money Supply + Reserves/ Reserve Ratio

= $ 400,000 + 100,000

= $ 500,000.

The term commercial bank refers to financial institutions that accept deposits, provide checking account services, issue various loans, and provide basic financial products such as certificates of deposit (CDs) and savings accounts to individuals and small businesses. refers to

Learn more about the commercial banks at

brainly.com/question/1238952

#SPJ4

5 0

2 years ago

On May 11, 2012, your calendar year firm pays $6,000 for a used computer server, its only asset purchase for the year, and estim

Effectus [21]

Answer:

Calendar-Year Firm

The firm’s maximum 2012 deduction for depreciation is:

= $917.

Explanation:

a) Data and Calculations:

Purchase of a used computer server on May 11, 2012 = $6,000

Since the server is a used one, we assume a four-year useful life

Salvage value = $500

Assumed useful life = 4 years

Depreciable amount = $5,500 ($6,000 - $500)

Since the firm does not take the Section 179 Deduction, which would have allowed it to expense the whole depreciable amount this 2012, the depreciation expense for the first year is calculated as follows:

Annual depreciation expense, using the straight-line method = $1,375

For 2012, the firm's maximum deduction for depreciation will be:

= $917 ($1,375 * 8/12) (covering the months from May 11 to December 31)

4 0

3 years ago

Select the type of operational test and evaluation that assesses crew vulnerability required by title 10 u.s.c 2366. production

Vanyuwa [196]

Answer: live fire test and evaluation

Live fire test and evaluation is a test process which assesses crew vulnerability. It is a statutory requirement (Title 10 U.S.C. § 2366) before anyone can proceed to major munitions, missile programs or covered systems.

4 0

3 years ago

As the level of task interdependence increases, members must spend increasing amounts of time communicating and coordinating wit

FromTheMoon [43]

Answer:

True

Explanation:

The level of task interdependence refers to how different business units rely on each other to perform their work tasks. E.g. sales department relies on the finance department and the logistics department to make a sale on credit. The higher the interdependence between the different units, the more time must be spent coordinating their activities in order to perform effectively. The more coordinated they are, the more effective they are, that is why communication between them is so important.

8 0

3 years ago