Bethenny, who resides in Rhode Island, breached a contract entered into in Florida with Geraldo. Geraldo successfully obtains a judgment against Bethenny for $150,000 in a Florida state court. Bethenny lives in a nice apartment in Rhode Island, and her only substantial asset is a vacation beach house in North Carolina. Which of the following is true regarding Geraldo's ability to obtain funds from a sale of the beach house?

A. Geraldo is only entitled to obtain funds from property located in Florida, the location of the lawsuit, or from Rhode Island, Bethenny's domicile, and cannot benefit from the property in North Carolina.

B. Under federal law, Geraldo will only be able to sell the beach house through attachment jurisdiction if after two years Bethenny has failed to satisfy the judgment, and any sums received in excess of amounts owed to Geraldo go the Federal Housing Administration.

C. Geraldo will be able to sell the beach house in North Carolina through attachment jurisdiction, but he must return to Bethenny any funds obtained in excess of amounts owed.

D. Geraldo is only entitled to obtain funds from property located in Florida, the location of the lawsuit, and cannot benefit from the property in North Carolina.

E. Geraldo will be able to sell the beach house in North Carolina through attachment jurisdiction, and he is entitled to keep any funds obtained in excess of amounts owed.

Answers

Answer 1

Answer:

C. Geraldo will be able to sell the beach house in North Carolina through attachment jurisdiction, but he must return to Bethenny any funds obtained in excess of amounts owed

Explanation:

Under attachment jurisdiction also called quasi in rem jurisdiction, Geraldo who has suffered damages on contract breach will be compensated for losses or obtain judgement through the sale of the beach house in North Carolina thowever any excess funds on debt owed gotten through the sale of the house must be remitted or returned to the debtor Bethenny


Related Questions

What are the purposes of communication in business or organizational settings?

Answers

if there is no form of communication in a business or organization there would bad decisions making also no one to consult in while make a decision

Answer:

Communication is vital to coordinating actions and articulating goals. The ability to effectively communicate is a necessary condition for a manager to successfully planning, organizing, leading, and controlling functions.

Transmitting information is vital to an organization's ability to function. Coordinating effort within the organization helps people work toward the same goals. Sharing emotions and feelings bonds teams and unites people in times of celebration and crisis.

Effective communication helps people grasp issues, build rapport with coworkers, and achieve consensus.

Explanation:

Communication fulfills three main functions within an organization: (1) transmitting information, (2) coordinating effort, and (3) sharing emotions and feelings. All these functions are vital to a successful organization.

Suppose a less developed country is having difficulty making payments on its foreign debts. What option does this nation have?
Targ
It can ask its lenders for more loans in exchange for accepting a foreign portfolio investment from the World Bank.
It can ask its lenders to forego the payments until the economy of the debtor nation is stronger.
It can ask its lenders to forgive the loans in exchange for accepting temporary control by the lender nation.
It can ask its lenders for debt rescheduling in exchange for accepting a stabilization program from the IMF.

Answers

It can ask its lenders for more loan in exchange for excepting a foreign portfolio investment from the world bank

Answer:

it can ask its lenders for dept resceduling in exchange for accepting a stabilization program from the IMF

Explanation:

gradpoint

A popular brand of decorative clay floor tile is priced at $7 per square until a surge in supply forces the price, for a short time, down to $3. Drag the appropriate curve(s) to show the effect of the price drop.

A popular brand of decorative clay floor tile is priced at $7 per square until a surge in supply forces

Answers

In the short run, demand is more price inelastic than in the long run due to the limited time available to find an alternative

Please find attached the graph showing the supply curved 'dragged' to show the effect of the price drop

The reason the above graph is correct is as follows:

The data in the given curves are presented as follows;

Short run demand line, DLR, points: (4, 13), (5, 11)

Therefore, the slope of DLR = (11 - 13)/(5 - 4) = -2

The equation of DLR is y - 13 = -2 × (x - 4)

y = -2·x + 8 + 13 = -2·x + 21

y = -2·x + 21

The equation for the supply line is given as follows:

Points on the supply line: (14, 14), (7, 7)

The slope of the supply line = (7 - 14)/(7 - 14) = 1

The equation of the supply line is y - 7 = x - 7

y = x

When y = 3, the value of x on the supply line is given as follows;

3 = -2·x + 21

2·x = 21 - 3 = 18

x = 18/2 = 9

x = 9

The equation of the supply line passing through the point (9, 3) is given as follows;

y - 3 = x - 9

y = x - 9 + 3 = x - 6

y = x - 6

The equation of the supply line shifted by dragging, \(S_s\) is y = x - 6

The new intersection point showing the effect of the price drop is given by plotting both equations on a graph as shown in the attached graph created with MS Excel

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A popular brand of decorative clay floor tile is priced at $7 per square until a surge in supply forces

which porter's competitive strategies are appropriate when addressing a narrow market? (choose every correct answer.)

Answers

Cost focus and differentiation are the Porter's competitive strategies which appropriate when addressing a narrow market.

Porter's competitive strategies outline how a business seeks to get an edge in its selected market scope. There are three or four generic strategies: focused, differentiated, or lower cost.

A business can choose to pursue one of two sorts of competitive advantage: either by outbidding its rivals on price, or by differentiating itself along customer-valued dimensions to demand a higher price. Additionally, a business decides between two scope options: focused (providing its products to a small number of market categories) or industry-wide (selling its product to a broad range of market sectors).

The choice of the nature and breadth of the competitive advantage is reflected in the generic strategy. In 1980, Michael Porter gave a description of the idea.

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Answer:

•Focused-differentiation

•Cost-focus

Explanation:

did the test

what are the three element of business equipment and resource?

Answers

Answer:

1.1 Identify and access business equipment or resources required to

complete task under direct instructions

1.2 Estimate quantities and resources correctly to complete the task

1.3 Check equipment for serviceability in accordance with equipment

instructions

2. Operate equipment

2.1 Operate equipment in accordance with manufacturer's specifications

and under direct instructions

2.2 Identify equipment faults accurately and take action to ensure

equipment is repaired in accordance with manufacturer's

specifications

2.3 Report repairs outside area of own responsibility to appropriate

persons

3. Maintain equipment or resources

3.1 Maintain equipment or resources to support completion of tasks under

direct instructions

3.2 Undertake maintenance to ensure equipment meets manufacturer's

specifications

3.3 Maintain records concerning equipment or resources under direct

instructions

3.4 Store equipment and resources under direct instructions

Explanation:

Help! Select the qualification that is best demonstrated in each example.

Melanie is a fitness instructor who encourages her students to achieve their goals. ____
1. Ability to handle money
2. Accuracy and attention to detail
3. Leadership skills
4. Organizational skills
Jacob counts and organizes cash at a casino. _____
1. Maintenance of safety
2. Communication skills
3. Teamwork skills
4. Ability to handle money
Adra is proud that she has never had an accident while running a ride at an amusement park. ______
1. Organizational skills
2. Leadership skills
3. Ability to operate equipment safety
4. Communication skills

Juan plans fun activities for groups of people. _____
1. Communication skills
2. Accuracy
3. Teamwork skills
4. Organizational

Answers

1. Leadership skills
2. Ability to handle money
3. Ability to operate equipment safety
4. Organizational

Answer:

What ghazaryanelen101 Said ↑↑↑↑

Explanation:

explain the changing nature of public administration​

Answers

The nature of public administration has undergone significant changes over the years. Traditional public administration was characterized by hierarchical structures.

However, with the increasing complexity of modern society, new challenges have emerged that require a more flexible and responsive approach to public administration.

One of the key changes in public administration has been the shift towards more participatory and collaborative approaches. This has been driven by a growing recognition of the importance of engaging citizens and stakeholders in decision-making processes, and the need to build trust and legitimacy in government institutions.

Another important change has been the adoption of technology in public administration. From e-government initiatives to data-driven decision-making, technology has transformed the way that government organizations operate and interact with citizens.

At the same time, there has been a growing emphasis on performance management and accountability in public administration. This has involved the development of performance metrics, the use of benchmarking and evaluation, and a focus on outcomes rather than inputs.

Overall, the changing nature of public administration reflects the broader shifts in society towards greater complexity, interdependence, and accountability. While there are still many challenges to be addressed, the evolution of public administration offers hope for more effective and responsive governance in the years to come.

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Are Boolean Operators More Efficient Than Filtering Options?

Answers

Answer:

When you use LinkedIn automation tools with basic filters, it will extract profiles, and you still need to check which ones are relevant to you. With Boolean search operators based on the specific keywords and ‘yes’ ‘no’ ‘or’ options you specify. These operators can get complex, and there are so many ways you can use the combinators to find exactly what you have been looking for.

Answer:

both are efficient but in my opinion filtering is more efficient than boolean one

Explanation:

thank you Mark as brainlist

What's the purpose of the three questions you should ask before using your emergency fund?

The three-question:
Is it unexpected?
Is it necessary?
Is it urgent?

Answers

Answer:

to reconsider yourself before spending your emergency funds.

Explanation:

if it's not important then don't use it.

is it unexpected?.. well do you expect to use this fund.

is it necessary?... do you really need this stuff

is it urgent?.... do you need these things right now?

Select the correct location on the graph.

Indicate the point where a monopoly will set its price.

Select the correct location on the graph.Indicate the point where a monopoly will set its price.

Answers

Got it right on Edmentum! Hope it helps.

Select the correct location on the graph.Indicate the point where a monopoly will set its price.

The point where a monopoly will set its price is indicated in the attached image.

What is a monopoly?

A corporation has a monopoly when it is the sole manufacturer of a given industry's product with no real competition.  A monopoly has complete market power and is able to establish prices above the marginal cost of the company.

The increase in total cost necessary to create an additional unit of the product is known as the marginal cost; the company can achieve positive economic gain by manufacturing more of the commodity and selling it for less.

Since it can satisfy everyone's needs, a producer in a natural monopoly holds influence over the market. When a producer has a government monopoly, commercial production is prohibited and the producer has complete control over the market.

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Select the correct location on the graph.Indicate the point where a monopoly will set its price.

Select the correct answer.
Which action can help you become an effective learner?
OA enrolling in a graduate program
O B. limiting your learning to what you need for your career
OC. maintaining a positive attitude toward learning
OD. only exploring topics that interest you

Answers

Answer:

c

Explanation:

maintaining a positive attitude toward learning

Maintaining a positive attitude toward learning action can help you become an effective learner. Thus, option (c) is correct.

What is learning?

The process of gaining new understanding, information, actions, abilities, values, perspectives, and preferences is known as learning. Humans, creatures, and some robots all have the potential to learn, and there is evidence that certain plants can learn as well. The process of acquiring new skills, information, knowledge, and values is known as education.

As an individual learns, a good attitude allows you to relax, remember, focus, and absorb information. When setbacks or obstacles occur, they will motivate those closest to them to do their all and help to drive projects forward. The best method to learn is to maintain a good attitude toward learning.

Therefore, option (c) is correct.

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why are small businesses
important to a
country's economy?

Answers

Answer:

Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established.

Explanation:

Small businesses are important because they provide Growth within the economy. They provide laborers in small community or rural areas job opportunities. Due to the fact that small businesses have small amount of employees and a small target market they can effectively specialize in niche marketing. This produces goods on a small scale, which means they are more likely to produce goods from local resources. This means they are more likely to produce goods from backward linkages.

You manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 30%. The T-bill rate is 6%. Your client chooses to invest 65% of a portfolio in your fund and 35% in an essentially risk-free money market fund. What is the expected return and standard deviation of the rate of return on his portfolio?

Answers

Answer:

Explanation:

Expected return of the portfolio is weighted average of the return of the components.

E(R) = w1 * R1 + w2 * R2

E(R) = 65% * 18% + 35% * 6%

E(R) = 11.70% + 2.10%

Expected Return, E(R) = 13.80%

Standard deviation of portfolio is mathematically represented as:

\(\sigma =\sqrt{w_1^2\sigma _1^2+w_2^2\sigma _2^2+2w_1w_2p_{1,2}\sigma_1\sigma_2}\)

where

w1 = the proportion of the portfolio invested in Asset 1

w2 = the proportion of the portfolio invested in Asset 2

σ1 = Asset 1 standard deviation of return

σ2 = Asset 2 standard deviation of return

For risk free money market fund, standard deviation = 0 and its correlation with risky portfolio = 0

\(\sigma =\sqrt{ (0.65 * 0.30)^2 + (0.35 * 0)^2 + (2 * 0.65 * 0.30*0.35 *0*0)} \\\\= \sqrt{0.038025 +0+0} \\\\ = 0.195\)

Standard deviation = 19.50%

accrued expenses

1. Workers' salaries for the six-day week is P4,800 payable every Saturday. December 31 is a Thursday.

2. Water bill received December 26 in the amount of P890 will be paid January 7 of the following year.

Answers

Answer:

1. Accrued salaries expense as of December 31 would be calculated as follows:

Number of days from Saturday to Thursday = 5 days

Salary expense per day = P4,800 / 6 days = P800 per day

Accrued salaries expense = 5 days x P800 per day = P4,000

Therefore, the company would need to record an accrued salaries expense of P4,000 as of December 31.

2. Accrued water expense as of December 31 would be calculated as follows:

Number of days from December 26 to December 31 = 5 days

Water expense per day = P890 / 30 days = P29.67 per day

Accrued water expense = 5 days x P29.67 per day = P148.35

Therefore, the company would need to record an accrued water expense of P148.35 as of December 31.

Housekeeping falls in category of
a. Facility level activities
b. All of these
c. Batch level activities
d. Product level activities e. Unit level activities


Please explain the reason for your selected answer. Thanks.

Answers

Housekeeping falls in category of Facility level activities. Hence, option A is correct.

What is the category of housekeeping?

Institutional and domestic housekeeping are the two varieties. Institutional housekeeping is the term used to describe upkeep in structures that provide commercial lodging, like hotels, resorts, and inns. Cleaning the bedrooms, kitchens, dining rooms, living rooms, yards, and other sections of the home constitutes domestic housekeeping.

The hotel's operational division is housekeeping. It is in charge of keeping the surrounds, public spaces, rear areas, and rooms clean and well-maintained.

Thus, option A is correct.

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By comparing prices at different stores, consumers will:

Answers

By comparing prices at different stores, consumers will save money and make informed purchasing decisions.

How can comparing prices at different stores benefit consumers?

Comparing prices at different stores allows consumers to make informed purchasing decisions and save money. By taking the time to research and compare prices, consumers can identify the best deals and discounts available for the products they intend to buy.

This practice helps them ensure that they are getting the most value for their money. It can also help consumers uncover any price discrepancies or inflated prices allowing them to avoid overpaying for goods and services.

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Market research can help you strategize your _______ and _______ goals.

Primary research is more _______ than secondary research.

Your first marketing priority is to find out if you can _______ your product or services.

The grouping of people for marketing purposes is called _______.

Once you find out what people want, there’s a need to know the _______ for their choices.

Answers

Market research can help you strategize your business and marketing goals.

Primary research is more specific and tailored to your specific needs than secondary research.

Your first marketing priority is to find out if you can sell your product or services.

The grouping of people for marketing purposes is called segmentation.

Once you find out what people want, there's a need to know the motivations for their choices.

Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.

By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.

Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.

While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.

When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.

Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.

Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.

By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.

Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.

By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.

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Several team members are overallocated, and you want to see only their assignments in your schedule. Which feature can help you focus on those overallocations

Answers

The feature that can help you focus on those overallocation is: the Overallocation Field.

What is the Overallocation Field?

The overallocation field is a framework that allows an individual to view the amount of work or resources that were overallocated and compare these against time.

When added to the Task Usage panel, it will be possible to view the amount of work or resources that were overallocated.

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Questions for Critical Thinking
1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be?
2. To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?
3. In what other product areas would Quirky’s business model work the best?
4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up. All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.

Answers

Critical thinking questions1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be? Quirky’s basic business model is sound and fair because they involve the public in developing products by taking ideas from people and turning them into products, splitting the profits from the product sales with the inventor, and also collaborating with the inventor from the start of the idea to its final product.

However, there are a few changes I would suggest. First, the public could have more control over which product idea is to be developed into a product. Second, the company could offer more compensation to the inventor, especially if the product becomes a commercial success.2.

To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?Quirky’s business idea reflects the attributes of a sound business as described in Chapter 2 of the text, including the following attributes:

Quirky is innovative in its business model, as it involves the public in developing products.Quirky has a good system of assessing the market’s demand for each product idea.

Quirky has a flexible business model, as it is able to adapt to changes in the market.3. In what other product areas would Quirky’s business model work the best?

Quirky’s business model could work well in a number of other product areas, including Home improvement and do-it-yourself (DIY) products;

Fashion and clothing; Outdoor gear and accessories; Personal care and hygiene; Consumer electronics.4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up.

All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.

One of the challenges I have encountered is the issue of losing small items such as keys, earrings, and others. A solution to this challenge could be fashioned into a product idea by developing a small, inexpensive device that could be attached to small items.

The device would emit a signal that would be detected by an app on the user’s phone if the item were lost. This could be developed into a product idea and submitted to Quirky for further development.

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Juan and Carl have a small medical practice that operates as a partnership. Juan does 70% of the work and Carl does 30%. However, Carl invested 60% of the money required to start the business. If the company makes $100,000 in profit this year, how much will each partner receive?
a. Juan will receive $70,000; Carl will receive $30,000.
b. Juan will receive $50,000; Carl will receive $50,000.
c. Juan will receive $40,000; Carl will receive $60,000.
d. Juan will receive $60,000; Carl will receive $40,000.
e. Profits will be shared in the proportion specified in the partnership agreement.

Answers

Answer:

e. Profits will be shared in the proportion specified in the partnership agreement.

Explanation:

Partnership agreement is the governing document of an partnership. The agreement consist of how profit will be shared and has been agreed right before the partnership contract become become binding. Thus, the fact that Juan does 70% of the work and Carl does 30% of work does not specifies nor idicate profit sharing. Also, the fact that Carl invested 60% of the money required to start the business does not specify profit sharing as well. The profit sharing agreement is in the partnership agreement.

Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?

Answers

In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.

Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.

Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.

By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.

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[Para. 4-a-2] Encumbrances were recorded in the following amounts for purchase orders issued against the appropriations indicated:


General Government $ 193,220

Public Safety 442,900

Public Works 216,632

Health and Welfare 162,045

Culture and Recreation 143,580

Total $1,158,377



Required: Record the encumbrances in the General Fund general journal and Detail Journal as appropriate. In the Detail Journal, select “Purchase Orders” from the drop down [Description] menu.

Answers

The information given is recorded in a General Fund General Journal as indicated in the attached image. See the definitions of Journals and related information below.

What is a General Journal?

A journal entry is an act of maintaining or producing records of any economic or non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry can be made up of many records, each of which is either a debit or a credit.

Because a general journal is where commercial transactions and occurrences are first recorded, it is also known as a "book of first entry."

Records are entered in the general journal in chronological order and are accessible in one location, allowing management and accountants to readily assess the data.

The differences between journals and general journals are:

The purchases journal records credit transactions while the general journal records cash purchases. Purchases Journals record only certain types of transactions, while the general journal records all remaining transactions.

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[Para. 4-a-2] Encumbrances were recorded in the following amounts for purchase orders issued against

what is the effect of a "payment on account" by the business and by the

customer

Answers

Answer:

The Effect of a "Payment on Account"

By the Business:  

The payment reduces the balance of the Accounts Payable.  A current liability is reduced while cash is also reduced by an equal amount.

By the Customer:

The payment reduces the balance of the Accounts Receivable.  One current asset is reduced and a current asset (cash) is increased by an equal amount.

Explanation:

"Payment on account" represents settlement of liabilities by the business or the customer.  When the business settles its liability, there is an outflow of cash.  When a customer settles its liability to the business, there is an inflow of cash to the business.

Is using 401(k) money in an emergency the best idea? (1 point)
O
Yes, the money is not needed for a long time.
O Yes, the money was deducted pre-tax so there is more of it.
O No, early withdrawal of 401(k) money will incur a penalty.
O No, since you will lose all your money earned.

Answers

No, using 401(k) money in an emergency is not the best idea since you will lose all your money earned.

What is the ideal plan for 401(k) money?

Ideally, the best move is to always leave your 401(k) money alone. When you need money, find other ways to manage your expenses, unplanned or otherwise. If you're lacking in emergency savings, let this be your wake-up call to start building that safety

Hence, the use of 401(k) money in an emergency is not the best idea since you will lose all your money earned.

Therefore, the Option A is correct.

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Janet purchased her personal residence in 2011 for $250,000. In January 2021, she converted it to rental property. The fair market
value at the time of conversion was $210,000. (Use Table 6A-6
Required:
a. Determine the amount of cost recovery that can be taken in 2021.
b. Determine the amount of cost recovery that could be taken in 2021 if the fair market value of the property were $350,000.

Answers

If Janet purchased her personal residence in 2011 for $250,000. In January 2021, she converted it to rental property. The amount of cost recovery that can be taken in 2021 is  $7,318.50 and the amount of cost recovery that could be taken in 2021  is $8,712.50.

Cost recovery

In order to determine the cost recovery we have to  choose the amount that is lower between the  depreciable basis of the fair market value  or cost at the date of conversion.

The amount that is lower is the cost at the date of conversion of the amount of $210,000 and this amount is depreciated based on a 27.5 year mid month method.

Hence,

a. Amount of recovery :

Amount of recovery = $210,000 × 0.03485

Amount of recovery = $7,318.50

b. Amount of recovery

Amount of recovery = $250,000 × 0.03485

Amount of recovery = $8,712.50

Therefore the cost recovery is $7,318.50 and $8,712.50.

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First National Bank Assets Liabilities and Net Worth US Treasury Bonds $450,000 Net Worth $500,000 Reserves (Cash) $175,000 Checkable Deposits $250,000 Loans $125,000 Second National Bank Assets Liabilities and Net Worth US Treasury Bonds $100,000 Net Worth $250,000 Reserves (Cash) $250,000 Checkable Deposits $100,000 Third National Bank Assets Liabilities and Net Worth US Treasury Bonds $900,000 Net Worth $1,000,000 Reserves (Cash) $350,000 Checkable Deposits $500,000 Loans $250,000


The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers), then $_____________ is the resulting change to the loan creating potential of the whole system (these three banks) as a result of Second National Bank customers depositing an additional $400,000 in their Checkable Deposit accounts in new loans.

Answers

As a result, the system's overall capacity to create loans increases by $750,000.

what are the assets and liabilities of the First National Bank?

For all banks, a 25% reserve ratio is necessary. This means that banks can lend out the remaining 75% of their checkable deposits after holding 25% of them as reserves.

Before Second National Bank's clients added another $400,000 to their checkable deposit accounts, the sum of the three banks' checkable deposits was as follows:

$250k First National Bank

$100,000 Second National Bank

$50000 Third National Bank

There were $850,000 worth of checkable deposits in the system.

Each bank needs to have the following reserves:

First National Bank: 25% times $250 000 is $62,500

Second National Bank: 25% times $100,000 equals $25,000.

Third National Bank: $125,000 x 25% of $500,000

$212,500 in total reserves are needed for the system.

The banks had $637,500 ($850,000 - $212,500) available for loans prior to the additional deposit. The system's total checkable deposits rose to $1,250,000 ($850,000 + $400,000) after customers of Second National Bank added an extra $400,000 to their accounts.

The updated necessary reserves for any bank are:

First National Bank: 25% times $250 000 is $62,500

Second National Bank: $125,000 x 25% of $500,000

Third National Bank: $187,500 ($25% x $750,000)

The system now has to have reserves of $375,000 ($62,500 + $125,000 + $187,500).

As a result, Second National Bank clients depositing an additional $400,000 in new loans in their checkable deposit accounts has the following impact on the system as a whole (these three banks):

$750,000 is equal to $1,250,000 (new checkable deposits) minus $375,000 (new needed reserves) and $125,000 (current Second National Bank reserves).

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Hrubec Products, Incorporated, operates a Pulp Division that manufactures wood pulp for use in the production of various paper goods. Revenue and costs associated with a ton of pulp follow:

Selling price $ 102
Expenses:
Variable $ 74
Fixed (based on a capacity of 50,000 tons per year) 18 92
Net operating income $ 10


Hrubec Products has just acquired a small company that manufactures paper cartons. Hrubec plans to treat its newly acquired Carton Division as a profit center. The Carton Division manager is purchasing 6,600 tons of pulp per year from a supplier at the cost of $95 per ton. Hrubec’s president is anxious for the Carton Division to begin purchasing its pulp from the Pulp Division if the managers of the two divisions can negotiate an acceptable transfer price.



Required:

For (1) and (2) below, assume the Pulp Division can sell all of its pulp to outside customers for $102 per ton.


1. What is the Pulp Division's lowest acceptable transfer price? What is the Carton Division's highest acceptable transfer price? What is the range of acceptable transfer prices (if any) between the two divisions? Are the managers of the Carton and Pulp Divisions likely to voluntarily agree to a transfer price for 6,600 tons of pulp next year?

2. If the Pulp Division meets the price that the Carton Division is currently paying to its supplier and sells 6,600 tons of pulp to the Carton Division each year, what will be the effect on the profits of the Pulp Division, the Carton Division and the company as a whole?

For (3)–(6) below, assume that the Pulp Division is currently selling only 30,000 tons of pulp each year to outside customers at the stated $102 price.

3. What is the Pulp Division's lowest acceptable transfer price? What is the Carton Division's highest acceptable transfer price? What is the range of acceptable transfer prices (if any) between the two divisions? Are the managers of the Carton and Pulp Divisions likely to voluntarily agree to a transfer price for 6,600 tons of pulp next year?

4-a. Suppose the Carton Division’s outside supplier drops its price to only $91 per ton. Should the Pulp Division meet this price?

4-b. If the Pulp Division does not meet the $91 price, what will be the effect on the profits of the company as a whole?

5. Refer to requirement 4. If the Pulp Division refuses to meet the $91 price, should the Carton Division be required to purchase from the Pulp Division at a higher price for the good of the company as a whole?

6. Refer to requirement 4. Assume that due to inflexible management policies, the Carton Division is required to purchase 6,600 tons of pulp each year from the Pulp Division at $102 per ton. What will be the effect on the profits of the company as a whole?

Answers

The Pulp Division's lowest acceptable transfer price is the variable cost per ton plus any opportunity cost of selling to the outside market, which is $74.

The Carton Division's highest acceptable transfer price is the cost of purchasing from the outside supplier, which is $95 per ton. The range of acceptable transfer prices is between $74 and $95 per ton.

What are the responses to other questions?

The managers of the Carton and Pulp Divisions may not be able to voluntarily agree on a transfer price since the range of acceptable transfer prices may not overlap.

If the Pulp Division meets the price that the Carton Division is currently paying to its supplier, the profits of the Pulp Division will increase by $7 per ton since the transfer price is $95 per ton and the variable cost per ton is $74.

The profits of the Carton Division will decrease by $7 per ton since the transfer price is now $95 per ton instead of $95 per ton.

The profits of the company as a whole will remain the same since the $7 increase in profit for the Pulp Division is offset by the $7 decrease in profit for the Carton Division.

The Pulp Division's lowest acceptable transfer price is the variable cost per ton plus any opportunity cost of selling to the outside market, which is $74.

The Carton Division's highest acceptable transfer price is the cost of purchasing from the outside supplier plus any additional cost of switching suppliers, which is $95 + $2 = $97 per ton.

The range of acceptable transfer prices is between $74 and $97 per ton.

The managers of the Carton and Pulp Divisions may be able to voluntarily agree on a transfer price since the range of acceptable transfer prices overlaps.

4-a.

If the Carton Division’s outside supplier drops its price to only $91 per ton, the Pulp Division should not meet this price since it is below the Pulp Division's variable cost of $74 per ton.

4-b.

If the Pulp Division does not meet the $91 price, the Carton Division may switch to the outside supplier and the profits of the Pulp Division will decrease by $28 per ton since it is now selling 6,600 fewer tons of pulp. The profits of the Carton Division will increase by $4 per ton since the cost of pulp is now $91 per ton instead of $95 per ton. The profits of the company as a whole will decrease by $16,560.

If the Pulp Division refuses to meet the $91 price, the Carton Division should not be required to purchase from the Pulp Division at a higher price for the good of the company as a whole since this would result in lower profits for the company as a whole.

If the Carton Division is required to purchase 6,600 tons of pulp each year from the Pulp Division at $102 per ton, the profits of the Pulp Division will increase by $280,000 since it is now selling 6,600 more tons of pulp. The profits of the Carton Division will decrease by $66,000 since the cost of pulp is now $102 per ton instead of $95 per ton. The profits of the company as a whole will increase by $214,000.

If the Carton Division can purchase pulp from the outside supplier for only $91 per ton, it should not be required to purchase

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Salespeople enjoy relatively good job security compared with other occupational groups most likely because:

Answers

Usually, a salespeople will enjoy a relatively good job security compared with other occupational groups most likely because they are the revenue producers of the company.

Who is a salespeople?

A salespeople means an employee who is responsible for sales of product, visiting or phoning customers and possible customers.

In conclusion, the salespeople will enjoy a relatively good job security compared with other occupational groups most likely because they are the revenue producers of the company.

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Salespeople enjoy relatively good job security compared with other occupational groups due to the fact that:

They are the revenue producers for the company.

Who are salespeople?

These are those people that work in the capacity where they are sell products or sell services.

To be effective in this job position the person working here must have very good communication skills.

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Your company experienced 20% percent turnover last year. This means 20 percent of people employed at the beginning of the year were terminated or no longer employed by the year’s end. You know that a year from now you will need to have 40 more people in your company to keep up with increasing customer demand. How many employees should you plan on hiring, assuming turnover remains constant?

Answers

Answer:

48

Explanation:

Employee turnover is the rate at which employees leave a company, whether voluntary or involuntary.

In this company, 20 percent of employees leave every year.

If the company intends to have 40 more workers, it should plan to hire the 40 plus an extra 20 percent.

The company should hire 40 plus 20% of 40

=40 + (20/100 x 40)

=40 +(0.2 x40)

=40 +8

=48

The company should hire 48 workers

For the maintenance of the employee turnover ratio of the company constant there will be a need of employing forty (40) and an additional 20% of the total employees to be hired for the same.

The firm will have to maintain the number of employees in such a way that even if the 20% employees leave the company there shall not be need to employ any such further.

The ratio of calculation of such employee turnover ratio to be kept constant will be simple. It can be calculated using the simple formula that is given below.

\(\rm Employee\ turnover\ ratio= employees\ to\ be\ hired + additional\ percentage\ of\ employees\ to\ be\ hired\)

So if we put the values in the formula we get the solution as below

\(\rm Employees\ to\ be\ hired= 40+ (\dfrac{20}{100}\ x\ 40)\)

Continuing further

\(\rm Employees\ to\ be\ hired= 40+ 8\)

\(\rm Employees\ to\ be\ hired= 48\)

So the number of employees to be hired for maintaining the turnover ratio to be constant the firm will have to hire 48 in total.

Hence, the correct number of employees to be hired for the maintenance of the ratio, the firm will have to employ 48 employees and 8 employees in addition to the 40 employees required each year.

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Felicia has sent a memo to her employee, Ben, to schedule Ben's performance review. Which choice best
describes Felicia in this communication scenario?
O a barrier to the message
O a paraphraser of the message
o the receiver of the message
the sender of the message

Answers

Answer:

Option no. 3

This is the answer

Answer:

3. the sender of the message

Explanation:

edge 2021

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