1. Describe the main sources of law (10 Marks).
2. Explain five essentials of a valid contract (10 Marks).
3. Describe the main purpose of employment law (10 Marks).

Henry Ford demonstrated the entrepreneurial characteristics of resilience and strategic thinking by believing in your idea and optimizing the car production process on an assembly line, increasing production speed and reducing costs.

Other entrepreneurs who also demonstrated resilience and strategic thinking are Bill Gates and Steve Jobs, who also revolutionized the world with their ideas regarding technology and innovation.

It is essential that the individual has an improved view of the needs and desires of potential consumers, optimizing an existing idea, or developing an innovative idea capable of increasing the quality of life of individuals. It is also necessary that the entrepreneur has communication skills, persistence and dedication to the business.

Therefore, as well as the examples of great entrepreneurs such as Ford, Bill Gates and Steve Jobs, it is possible to notice that there are some characteristics of great entrepreneurs that relate to each other, such as resilience, dedication and innovation of processes and products.

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Answer:

$110,000

Explanation:

Calculation for What is the machine's original cost basis that the firm records on the balance sheet

Machine's Original cost basis

Machine Cost $100,000

Add Sales Tax $7,000

Add Shipping Cost $3,000

Machine's Original cost basis $110,000

($100,000+$7,000+$3,000)

Therefore the machine's original cost basis that the firm records on the balance sheet will be $110,000

Answer: Distribution channels include wholesalers, retailers, distributors, and the Internet.

Explanation:

Answer:

C. (2,2), (2,-2), (-2,-2), (-2,2)

sorry if it's wrong

brainiest please

Two expressions joined by an equal sign form a mathematical statement known as an equation.

It can be applied to address issues related to aging. It is used to figure out how fast, how far, and how long something is moving. Problems involving geometry can be resolved. It is employed to solve problems involving money and percentages.

Mathematical equations with two expressions on either side of the "equal to" sign are referred to as simple equations. This type of equation consists of a variable, which is typically represented by x or y. Rearranging is frequently necessary to solve simple equations.

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The journal entry for Brown’s contribution to the partnership are:

Dr. Cash 34,000

Dr. Inventory 15,000

Dr. Equipment 29,000

Cr Notes Payable 12,000

Cr Althea Brown, Capital 66,000

For instance, the accompanying effects might be felt on the partner's capital record and outside premise: Commitments to the association - Build the capital record and outside premise. Appropriations: Lessens the capital record and outside premise.

These capital records address the responsibility for the organization by the accomplices. The Accomplices' Capital Record is an Individual record since it was intended for reporting changes connected with accomplices' capital.

Given:

Dr. Cash 34,000

Dr. Inventory 15,000

Dr. Equipment 29,000

         Cr Notes Payable 12,000

         Cr Trevor Smith, Capital 66,000

         (78,000-12,000)

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Answer: A) Security A

Explanation:

Using CAPM, the expected return of a security is;

Expected return = Risk free rate + beta ( Market return - Risk free rate)

Security A

= 5% + -0.25 ( 12% - 5%)

= 3.25%

Security B

= 5% + 1.1 ( 12% - 5%)

= 12.7%

Security C

= 5% + 0.75 ( 12% - 5%)

= 10.25%

Security D

= 5% + 2.00 ( 12% - 5%)

= 19%

Answer:

14.5%

Explanation:

The computation of the expected return on stock A is shown below:

Given that

The expected return of stock b = 12%

beta = 1.2

Now

risk free rate = 2% market risk premium

So as per CAPM, the expected return = risk free rate + beta × market risk premium

0.12 = 0.02 + 1.2 × market risk premium

1.2 × market risk premium = 0.10

So,

market risk premium is

= 0.10 ÷ 1.2

= 0.0833 or 8.33%

Since they have equal risk reward so the market risk premium would be same for stock A

Now

The expected return of stock A is

=  2% + (1.5 × 8.33)

= 14.5%

Answer:

Oh dear... Do you need help with something or is this just something random- lol

Explanation:

If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.

Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.

This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.

After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.

The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public

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An advertising campaign is a series of product-related activities designed to get the attention of customers. Option D

An advertising campaign is a series of product-related activities designed to get the attention of customers. It involves the creation and dissemination of advertising messages through various channels such as TV, radio, print, online and social media, with the goal of promoting a product, service or brand to a specific target audience.

The campaign typically has a specific objective and a set budget and may run for a defined period of time.

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Answer: 12 weeks

Explanation:

If an employee's family member is seriously ill, the employers are required to allow the employee up to 12 weeks off.

According to the Family Medical Leave Act, it should be noted that the individuals who work for the employers who have 50 or more employees can be given about 12 weeks of unpaid leave in a year which they can use to take care of family members that are seriously sick or care for new children or seriously ill family members, or for themselves if they're seriously sick.

A company purchases two-year old office building for its new headquarters is included in U.S. gross domestic product.

The gross domestic product (GDP) is the market value of all final products and services produced and sold (not resold) by countries over a specific time period (GDP). It is also possible to determine the percentage of total GDP that each industry or sector of the economy contributes. The GDP is divided by the entire population of the area to determine per capita GDP. GDP is commonly used in international comparisons and serves as a general indicator of economic progress. On the other hand, critics of the growth imperative usually assert that GDP statistics were never intended to be used as a progress indicator and ignore significant additional externalities such resource extraction, environmental effect, and unpaid domestic work.

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The practice of brokers transacting business online have been more increasing in recent time.

Brokers refers to individual or a firm acts as intermediaries between the buyer and seller for commission in return when executed.

Typically, the brokers provides various intermediary services in different field. For example, acting as intermediaries for investment, obtaining loan, purchasing real estate, purchasing insurance policy etc

While some brokers provides their services in contact with clients, some brokers provide their services online.

In conclusion, the practice of brokers transacting business online have been more increasing in recent time.

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Answer:

D. $164,658.57

Explanation:

Initial Borrowing = $165000

Annual Interest Rate = 3.75%

Monthly Payments = $ 857.06

Interest Accrued Between 1st July and 1st August = (30/360) * 0.0375 * 165000 = $516.625

Principal Repaid in first monthly payment = Monthly Repayment - Interest Accrued

= $857.06 - $515.625

= $341.435

Principal Outstanding post 1st Monthly Repayment = $165,000 - $341.435

= $164658.565

= $164658.57

Answer:

a natural monopoly

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller (one seller) who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

A monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.

On a related note, a natural monopoly is a market that runs most efficiently when all of the output is supplied by one large business firm. Thus, a business firm is considered to be a natural monopoly if it's capable of producing the total output of the market at a lower cost than two or more business firms could.

Some examples of natural monopoly are the United States Postal Service, electricity grid, water supply, gas network, sewer services, energy distributors, railway service, etc.

In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.

In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.

The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.

Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.

These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.

By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.

This enables businesses to operate efficiently and effectively, contributing to economic growth and development.

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Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.

Volatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.

Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.

To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.

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Based on the focus-chaos scale, to benefit from any course, you have to be on the left side of the scale.

This is a scale that is used to describe the focus and planning attribute of different types of people.

The people on the left are in the focus section and then to organize their lives well and embarked on planned activities. Youl'll have to lean towards this side to benefit from most courses as they require you to be organized in your learning.

The right side has the chaotic people who may not be organized, but someone find a way to live life successfully. It is harder to pass courses using this.

The complete question wasn't given so I gave a general discussion.

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Explanation:

1) because ownership of the car remains with them

2) because they earn a high interest

Answer:

By mastering professional communication, the potential for misunderstandings occurring can be minimised. When you work in a team, you need to be able to regularly communicate with others. You need to listen to other people's ideas, whilst being able to clearly and effectively communicate your own.

Purposes:

The five purposes for communication are to inform, imagine, influence, meet social expectations and express feelings.

The purpose of professional communication is to convey information and ideas effectively and appropriately in a business or work setting, with the goal of achieving specific objectives and building positive relationships. It involves clear and concise expression, active listening, and the use of appropriate language and tone.

Professional communication is the exchange of information and ideas in a business or work setting, typically between colleagues, clients, customers, or other stakeholders.

It involves using appropriate language, tone, and nonverbal cues to convey messages effectively and achieve specific goals, such as building relationships, solving problems, making decisions, or completing tasks.

Professional communication can take many forms, including oral presentations, written reports, emails, memos, video conferences, and more, and it is an essential skill for success in many careers and industries.

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Outsourcing suppliers can frequently give economies of scale, particularly for equipment and programming, that may not be accessible to the client alone. The advantage does this proposition is an associated reduction in costs.

The option (B) is correct.

Outsourcing suppliers is an organization to which the enterprise subcontracts an errand completed by qualified workers in situations where the association and the organization of accomplices have concurred in the concurred sum that the organization would give occupations to current qualified competitors substantiating that endeavor for the organization.

Utilizing a third coordinated factors (3PL) firm to screen, redesign, and smooth out the store network is alluded to as re-appropriating the inventory network of the executives. A fixed cost is a repetitive cost with a steady worth. The degree of result or income no affects fixed costs.

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When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.The following are the monthly journal entries:January 4, 20XX: Sold two ice cream systems to Day Dreamer's Ice Cream and the total amount billed on account is $20,925.00. Cash collected on account was $5,000.00.

To record sales on account:

Debit: Accounts Receivable: $20,925

Credit: Sales Revenue: $20,925

To record cash received on account

:Debit: Cash: $5,000

Credit: Accounts Receivable: $5,000

January 7, 20XX: Job 74 began and the direct and indirect materials are requisitioned and job order costs were incurred.

To record the beginning of the job, the following entry will be made:

Debit: Work in Progress: $5,800

Credit: Direct Materials: $2,250

Credit: Indirect Materials: $350

Credit: Direct Labor: $8,000

January 19, 20XX: Direct materials of $2,800 and indirect materials of $325 were used and direct labor costs were incurred amounting to $7,950.00.

To record the use of direct materials:

Debit: Work in Progress: $2,800

Credit: Direct Materials: $2,800

To record the use of indirect materials:Debit: Work in Progress: $325

Credit: Indirect Materials: $325To record the payroll expenses:

Debit: Work in Progress: $7,950

Credit: Salaries Payable: $6,137.50

Credit: FICA Taxes Payable: $612.50

Credit: Federal Withholding Taxes Payable: $200

Credit: State Withholding Taxes Payable: $1,000

To record the application of overhead:Debit: Work in Progress: $1,987.50

Credit: Manufacturing Overhead: $1,987.50.When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.

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Answer:

it changes the enviorment drasticly

Explanation:

Answer:

17%

Explanation:

Jeanine's monthly consumer surplus from Netflix falls by Option c.$0.50.

Consumer surplus is the difference between what a consumer is willing to pay for a product or service and what they actually pay.

The consumer surplus is a measure of the economic surplus that occurs when the price a consumer pays for a product is less than the maximum price they are willing to pay for it. The concept is used in economics to measure the efficiency of markets and to analyze the benefits of public policies that affect consumer welfare.

Jeanine is willing to pay up to $16 per month for a Netflix subscription but buys the basic plan for $14 per month. Therefore, her consumer surplus is $2 per month. When the price of Netflix's basic plan rises to $15.50 per month, Jeanine's consumer surplus from Netflix falls by $0.50 per month.

In other words, Jeanine's consumer surplus decreases by $0.50 per month when the price of Netflix's basic plan increases from $14 to $15.50 per month. The decrease in consumer surplus is a result of the increase in the price of the product and the fact that Jeanine is now paying more than she was willing to pay in the past.

The concept of consumer surplus is important because it helps economists understand the value that consumers place on products and services and how changes in prices affect their welfare. In the case of Jeanine and Netflix, the increase in price results in a decrease in consumer surplus, which means that Jeanine is worse off as a result of the price increase. Therefore, the correct option is C.

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The effects of the following activities on the accounting equation Assets = Liabilities + Owner's Equity

a.Stacey Comeau, the owner of DigiCom, invested cash of $44,000 into her business which increase assets (cash) and owner equity.

b. DigiCom paid $5,500 to cover rent for the current month which decreased assets.

c.DigiCom purchased supplies on credit; $2,300 which increase assets and liability as well.

d.DigiCom completed work for a client on credit; $6,400 which increase assets (accounts receivable)

e.DigiCom purchased a new piece of equipment by paying cash of $3,450 which increase assets (equipment) and decrease assets (cash)

f.DigiCom hired a technician, to start next month, who will get paid $8,000 per month - No effect on the accounting equation.

g.DigiCom paid for the supplies purchased in (c) which decrease assets and liability also.

h. DigiCom performed work for a client and received cash of $6,400 which increase assets (cash).

i. DigiCom paid the administrative assistant's salary of $5,700 which decrease assets (cash).

The overall effect on Assets:

Cash: $44,000 - $5,500 - $3,450 + $6,400 - $2,300 + $6,400 - $5,700 = $40,850

Supplies: $2,300

Equipment: $3,450

Accounts Receivable: $6,400

Liabilities:

Accounts Payable: $2,300 - $2,300 = $0

Owner's Equity:

Stacey Comeau's Capital: $44,000

The accounting equation, commonly referred to as the fundamental accounting equation or balance sheet equation, states that the total asset of a corporation equals the sum of its liabilities and shareholders' equity.

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Answer:

Opportunity cost