Business Law Assignment 2

Packed Corporation owns 60 percent of Snowball Enterprises’ stock. On January 1, 20X1, Packed sold $1.18 million par value, 6 percent (paid semiannually), 20-year, first mortgage bonds to Kling Corporation at 97. On January 1, 20X8, Snowball purchased $354,000 par value of the Packed bonds directly from Kling for $351,980. Required: Prepare the consolidation entry needed at December 31, 20X8, to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollar

answer quickly

Which disclosure notice is required for a single agent to change to a transaction broker? A. transaction broker B. consent to transition to single agent C. consent to transition to transaction broker. D. no brokerage relationship

Bill Lewis, manager of the Thomas Electronics Division, called a meeting with his controller, Brindon Peterson, and his marketing manager, Patty Fritz. The following is a transcript of the conversation that took place during the meeting: Bill: Brindon, the variable costing system that you developed has proved to be a big plus for our division. Our success in winning bids has increased, and as a result our revenues have increased by 25%. However, if we intend to meet this year’s profit targets, we are going to need something extra—am I right, Patty? Patty: Absolutely. While we have been able to win more bids, we still are losing too many, particularly to our major competitor, Kilborn Electronics. If we knew more about their bidding strategy, we could be more successful at competing with them. Brindon: Would knowing their variable costs help? Patty: Certainly. It would give me their minimum price. With that knowledge, I’m sure that we could find a way to beat them on several jobs,…

8. How many written days notice must you give an owner before you leave a rented apartment. * A one month B two months O C six months O Done year 9. A document that you and the owner will fill out before you rent an apartment that lists any damages that were in the apartment before you moved in is called alan * O A will O B prenuptial agreement O C power of attorney O Dinventory checklist 10. This document puts your wishes in writing as to how you would like your medical care to be handled if you are unable to make decision for yourself. O A power of attorney Ba trust fund Ca living will O Dan alimony document 11. This is the term we use for all that a person owns. * O A Beneficiary O B An Estate Ca Trust fund O D Whole life insurance fund O Ea Mortgage 12. This document gives you the right to deal with all of the financial aspects of another person life. * O A Power of Attorney O B Health Care Proxy O Ca living will O Da trust fund 13. You should purchase life insurance, and make a…

Question:  What's the Purpose of that particular business letter? Explain.

Jenny and Chad, a couple of college seniors, send out birth announcements to their friends, including a local real estate agent named Mort. In the announcement, the couple informs everyone that they're looking to move out of student housing and into a starter home right after graduation. Mort gets right on the task of finding homes that fit their needs. Once he has a few properties on his list, Mort calls the couple and they schedule some showings. What form of agency, if any, exists between the couple and Mort? Actions of the parties have led to the creation of express agency. An explicit request for representation was made between the parties. Actions of the parties have led to the creation of implied agency. No agency relationship exists at this point between the parties.

Arthur recently selected a broker to sell his house. Arthur and the broker are now in the process of finalizing the listing agreement. How should Arthur determine how much he should pay the broker as a commission? O The commission must be set to 6% of the sales price as dictated by FREC O The commission must be between 3-6% of the sales price as per NAR guidelines. ○ Arthur must negotiate with the broker until both parties agree to a commission. O A listing broker is not entitled to a commission.

1. Cash flow concerns: The CEO of Mudge Paper Company, Jimmy Cricket, expressed concerns about tying up too much of the company's cash flow in the Bart's Office Supplies contract. This bias may have influenced his decision-making process when considering the extension of credit terms and credit limits. 2. Skepticism about Bart's payment history: The CEO's skepticism about Bart's payment history, specifically their tendency to pay invoices every 60 days instead of the agreed-upon 30 days, may have influenced his reluctance to extend credit terms and credit limits. 3. Fear of losing the Bart's account: The CEO may have been biased towards keeping the Bart's account, as they are a large and important customer for Mudge Paper Company. This bias may have influenced his decision-making process when negotiating the new sales contract with Bart's. 4. Over-reliance on Lauren Becall: The CEO may have placed too much trust in Lauren Becall, the top salesperson for Mudge Paper Company and the…

Chapter 6 Compound Interest Use: Time Value of Money (TMV) keys The Nelsons would like to take a cruise to Alaska in 5 years and will need $9,350. What amount should be deposited into a sinking fund each month to accumulate the money they will need? Assume the sinking fund earns 5.2%, compounded monthly. Use TVM worksheet.

Instructions Answer the following question:  Thompson and Allenby wish to enter the camping equipment manufacturing business. For each scenario, which type of business organization would be most advantageous? A. Thompson is an expert in the field of camping gear production and sales but has no funds. Allenby knows nothing about such production but is willing to contribute all necessary capital. B. Camping gear production requires much capital, much more than Thompson and Allenby can raise personally or together; however, they wish to control the business. C. Some production phases are rather dangerous, and a relatively large number of tort judgments may be anticipated. D. Sales will be nationwide. E. Thompson and Allenby are both sixty-five years old. No profits are expected for at least five years, and business interruption before that time would make it a total loss. F. Several other persons wish to put funds into the business but are unwilling to assume personal liability. G. At…

Subject - Acounting

! Required information [The following information applies to the questions displayed below.] Doyle Company issued $394,000 of 10-year, 7 percent bonds on January 1, Year 1. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $79,500 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 1. Required a. Prepare the journal entries for these events, and post them to T-accounts for Year 1 and Year 2. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Prepare the journal entries for Year 1 and Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal 1 Jan 01 Bonds payable Cash Debit Credit

Pls answer fast i give up vote

Miss Cora Cruz would like to buy products from the company of Aurora P. Tan. To make sure that the supplier will not commit a mistake in the delivery of the said product/products, she specifically mentioned the details in her letter. If you are to be asked, what kind of business letter you will use for this particular purpose? Direction: Write a business letter intended for this transaction. Assume that you are Miss Cora, and the reader is : Dr. Lorna R. Dimatatac, President, TIP Teachers and Employees Credit and Savings Cooperative, 938 Aurora Blvd, Cubao, Quezon City. The following should be considered in your letter: 1. Name of the Articles ordered 2. Description of each item, giving size, style, quality, quantity, material, weight, or whatever will help in identifying the article wanted 3. Catalog number of the item if it available, if not, the page number of the catalog 4. Quantity of each item wanted 5. Price of each item, and the total price of the order 6. Method of…

What is thin capitalization rules?

COURSE: DIPLOMA IN ACCOUNTING   SUBJECT: BUSINESS & COMPANY LAW   I NEED ANSWER FOR ALL

Number 16:   Which of the following is true about implied authority?

please answer this question by choosing the correct option

Under what circumstances would a construction change directive (CCD) be used? When the owner selects one of the alternates included in the initial bid When the designer assumes control of the means and methods used for construction When the source of the change is differing site conditions When a change is minor and has no impact on cost or schedule When the owner wants the contractor to perform a change but cost has not yet been determined

Please solve this question.?

In this unit, we have been examining under what grounds a contract may be rescinded or declared void and voidable. This assignment asks you to review a hypothetical business situation and conduct an analysis. Consider the following hypothetical: Ed contracted with Becky to build a house.Immediately prior to that meeting, Becky was so nervous that she drank an entire bottleof champagne and she does not remember all of the details of the meeting. Shortlybefore the closing, Ed met with Becky, accused her of fraud and threated to prevent thecontract from going to closing. Ed’s associate, a former stunt double for Dwayne “theRock” Johnson, stood outside the door for two hours to prevent Becky from leaving. Edgave Becky the choice of signing a new contract promising him more money for thebuild or going to court. Becky signed the agreement but now has sought legal advice.• Imagine that you are Becky’s attorney. What would you tell her about whethershe can rescind the contract? (Big Hint:…

2

City Bus Corporation provides school bus transportation to public schools in Lancaster County. City Bus owns 50 buses that are garaged in three different cities within the county. The firm faces competition from two larger bus companies that operate in the same area. Public school boards generally award contracts to the lowest bidder, but the level of service and overall performance are also considered. a. Briefly describe the steps in the risk management process that should be followed by the risk manager of City Bus. b. Identify the major loss exposures faced by City Bus c. For each of the loss exposures identified in (b), identify a risk management technique or combination techniques that could be used to handle the exposure.  d. Describe several sources of funds for paying losses if retention is used in the risk management program. e. identify other departments in City Bus that would also be involved in the risk management program.

Provide reaction on discussion below if you agree or disgaree: Whether the limitation of liability in ADT's service contract with Melodee Lane Lingerie Co. is valid would depend on the specific terms and enforceability of that contract. Contractual limitations of liability are generally upheld if they meet certain legal criteria. However, the enforceability of such limitations can vary based on jurisdiction and the nature of the contract. Here are some factors to consider. Clear and Unambiguous Terms: For a limitation of liability clause to be valid, it should be clear and unambiguous in its language. It should not be buried in fine print or hidden within the contract. Bargaining Power: Courts may scrutinize such clauses more closely if there is a significant disparity in bargaining power between the parties. If one party had little or no opportunity to negotiate the terms, it may be viewed less favorably. Public Policy: Courts may refuse to enforce limitations on…

In 2014, The W D Co. had total liabilities of $22,704 million and total assets of $43,679 million. In 2013, they had total liabilities of $21,990 million and total assets of $41,378 million. Calculate their debt to equity ratio for 2014 and 2013, respectively. a) 0.48 and 0.47 b) 0.52 and 0.53 c) 0.92 and 0.88 d) 1.08 and 1.13

SLO 9.2. Expediting: May be caused by the buyer or the supplierIs caused by buyer behavior onlyIs caused by supplier behavior onlyMay be the result of legal noncomplianceIs a routine order tracking process SLO 10.1. Radio frequency identification (RFID) will: Eliminate bar coding and manual countingEliminate further investment in information technologySupplement bar coding to reduce theftBe more cost effective to implement than bar codingImprove data capture but slow down inventory picking

Mary Lou is chair of the board of directors of Evening Shade Properties, Inc. Evening Shade had its annual shareholder meeting two months ago, but a new merger opportunity has come to Mary Lou's attention, and she wants to call a special meeting of the shareholders to discuss it. To successfully call a special meeting of the shareholders, Evening Shade must: do nothing; shareholder meetings are limited to one annually. notify its shareholders of the date, time, and place of the meeting at least ten days, but not more than sixty days, before the meeting date and include a statement of the purpose of the meeting. notify its shareholders by certified mail at least thirty days before the meeting. notify all members of the board of directors of the date, time, and place of the meeting at least ten days, but not more than sixty days, before the meeting date and include a statement of the purpose of the meeting.