11. Received Water company bill in the amount of $380, to be paid next month.Identify the two parties to this transaction.Describe the activity of each partyWhich party is being accounted forDescribe the impact on company valueDescribe the portions of the transaction occurring currently and describe portions of transactionthat is being deferred (postponed)Was cash exchanged in the transaction?

A bill received but not yet due is not considered a liability until the due date reaches, but when…

Answered: 11. Received Water company bill in the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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QUESTION 8 The U.S. Social Security Administration is a federal agency. The Iowa Department of Social Services is a parallel state agency. If these agen-cies' regulations conflict O a. the federal agency's regulations take precedence. O b. the state agency's regulations take precedence. h O c. the two agencies' regulations cancel each other. O d. the two agencies' regulations take equal precedence Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Question 17 If both potential injurers and potential victims are fully insured, which condition is necessary to produce an efficient level of precautionary effort by both parties? competition between insurers to drive insurance prices down to the expected cost of accidents plus administrative costs O a strict liability rule O punitive damages to discourage reckless behavior O a comparative negligence rule to allocate the damages between the victim and the injurer
Question 18 Vicarious liability for employers promotes economic efficiency when O potential victims are uniformed about the risk of harm O the employer is in the best position to ensure that employees exercise reasonable precaution and have the necessary safety equipment O when injuries are incompensable O when the probability of harm is greater than average
2.0 ESSAY QUESTION Kamil entered into a contract with Suria Niaga Sdn. Bhd to purchase furnitures for his new shop. Two months after signing the contract, he discovered that his agent Zofi had received a personal commission of RM 20,000 from Suria Niaga Sdn Bhd while negotiating the contract on his behalf. Kamil is very upset and wishes to take legal action against Zofi and Suria Niaga Sdn Bhd Advise Kamil
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Question 20 of 20 Figure 2-2 D. Refer to Figure 2-2. Carla regularly buys fruits and vegetables at a grocery store. Roberto regularly pays a lawn-care company to mow his lawn. If the flow of fruits and vegetables from the grocery store to Carla is represented by an arrow from Box C to Box B of this circular-flow diagram, then the money paid by Roberto to the lawn-care company is represented by an arrOw from Box A to Box D. 3. O b. from Box B to Box C. Oc from Box C to Box B. O d. from Box D to Box A. 0-Icon Key 11:39 AM 30°F Mostly cloudy 1/11/2022 DELL B.
Question 3 Employers pay both social security and unemplolyment taxes. True False
Question 7 Which type of liability rule would be most efficient for handling airplane crashes? O No liability O Strict liability O Comparative negligence O Contributory negligence A Moving to another question will save this response.
Buckeye Department Stores, Inc., operates a chain of department stores in Ohio. The company's organization chart appears below. Operating data for 20x1 follow. Buckeye Department Stores Cleveland Division Columbus Divişion Downtown Individual Olentangy Store Scioto Store Store Stores BUCKEYE DEPARTMENT STORES, INC. Operating Data for 20x1 (in thousands) Columbus Division Scioto Store $2,500 Olentangy Store $5,000 Downtown Store $12,000 Cleveland Division (all stores) $ 22,000 Sales revenue Variable expenses: Cost of merchandise sold Sales personnel-salaries Sales commissions Utilities Other Fixed expenses: Depreciation-buildings Depreciation-furnishings Computing and billing Warehouse Insurance Property taxes 3,000 500 60 80 70 2,100 310 50 70 35 6,000 760 90 160 13,000 1,700 220 320 270 130 130 90 90 50 30 70 25 20 260 150 480 310 180 460 220 190 40 80 40 75 210 90 35 80 MacBook Pro %23 % 4 & * 5 6. 7 8. Y D F K C V L.
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