Only "wet" signatures (i. E. , signatures made with a pen) satisfy the signature requirement of the statute of frauds.
Group of answer choices
Answers
The Statute of Frauds is a legal principle requiring certain types of contracts to be in writing and signed by the parties involved. The purpose is to prevent misunderstandings, fraud, and disputes that may arise from oral agreements. A common misconception is that only "wet" signatures (i.e., signatures made with a pen) can satisfy this requirement.
In reality, various forms of signatures are accepted, including electronic signatures. Electronic signatures are legally recognized and enforceable in many jurisdictions, including under the Electronic Signatures in Global and National Commerce Act (ESIGN) in the United States and the Electronic Commerce Directive in the European Union. These laws ensure that electronic signatures hold the same legal validity as traditional wet signatures.
While wet signatures are still widely used and accepted, it is essential to recognize that modern legal frameworks also support electronic signatures. This flexibility allows for more efficient and secure contract management and reduces the need for paper documentation. Both wet and electronic signatures serve the primary purpose of identifying the signing party and indicating their agreement to the terms of the contract.
In conclusion, the signature requirement of the Statute of Frauds can be satisfied by not only wet signatures but also electronic signatures, as long as they meet the legal standards established in the respective jurisdiction. It is crucial to be aware of the relevant laws and regulations in your area to ensure that your contracts and agreements are valid and enforceable.
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Related Questions
which of the following best describes a deliverable? a tangible or intangible output or outcome that is a unique product, service, or result but does not require production a tangible or intangible output that is any unique product, service, or capability to perform a service that is required to be produced to complete a process, phase, or project an outcome towards which work is directed none of the above
Answers
The statement best describes a deliverable is a service that is required to be produced to complete a process, phase, or project. Thus the correct option is C.
What is deliverable?A technique that utilizes to get results is called a process deliverable, and it includes things like scheduling, documentation, sharing of information, resources, funding, and software.
A conclusion or project objective known as a deliverable can be given to both internal and external clients. It's the final outcome that may be measured in a project plan.
Therefore, option C is appropriate.
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On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $30,000. What is the amount of the gain or loss on this transaction
Answers
Answer:
The loss is "$10,000" and the gain is "$25,000".
Explanation:
The given amount is:
Cost,
= $215,000
Accumulated depreciation,
= $185,000
Book value,
= $30,000
Now,
The loss on sales will be:
= \(Sale \ price-Book \ value\)
= \(20,000-30,000\)
= \(10,000\) ($)
The gain on sales will be:
= \(Sales \ price-Book \ value\)
= \(55,000-30,000\)
= \(25,000\) ($)
Wilma has the following assets: a house with equity of $14,250, a car with equity of $2,700, and household goods worth $9,000 (no single item over $400). She also has jewelry worth $1,100 and other property worth $900. She has no tools used for work. Using the federal list, the total amount of exemptions that Wilma would be allowed is $ .00. Using the state list, the total amount of exemptions that Wilma would be allowed is $ .00. The federal list will be more favorable for her.
Answers
1. Using the federal list, the total amount of exemptions that Wilma would be allowed is $26,450.
2. Using the state list, the total amount of exemptions that Wilma would be allowed is $25,350.
3. The federal list will be more favorable for her.
Data and Calculations:
Wilma's Assets Federal List State List
Equity in house = $14,250 $14,250 $14,250
Car = $2,700 2,400 1,500
Household goods
(limited to $400 for a
single item) = $9,000 8,000 9,000
Jewelry = $1,100 1,000 500
Other property = $900 800 100
Total $27,950 $26,450 $25,350
Question Completion:
LIST A. FEDERAL EXEMPTIONS
Equity in home .......................................$15,000
Motor vehicle .............................................2,400
Household goods .......................................8,000
($400 limit for a single item)
Jewelry .......................................................1,000
Other property ..............................................800
Tools (for debtor’s trade) ...........................1,500
Total Federal Exemptions = $28,700
LIST B. STATE EXEMPTIONS
Equity in home ....................................... $25,000
Motor vehicle ............................................. 1,500
Household goods ..................................... 10,000
($1,000 limit for a single item)
Jewelry .......................................................... 500
Other property .............................................. 100
Tools ........................................................... 5,000
Total State Exemptions = $42,100
Thus, in computing exemptions under the Chapter 7 bankruptcy, Wilma should choose the federal list instead of the state list because the federal list is more favorable with higher exemptions than the state list.
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An economy is currently in a short-run equilibrium at point a. Which fiscal policy action would most likely bring the economy back to full employment output?.
Answers
At this stage, an economy is in a short-run equilibrium. An increase in taxes is the fiscal measure that would most likely return the economy to full employment output.
What is meant by fiscal policy?The use of government expenditure and fiscal policy to influence economic conditions, particularly macroeconomic factors, is referred to as fiscal policy. These include employment, total demand for goods and services, inflation, and economic expansion.
Governments can reduce tax rates or increase spending during a recession to stimulate demand and promote economic activity. On the other hand, you can decrease expenditure to slow the economy down or boost interest rates to fight inflation.
Fiscal policy is sometimes compared with monetary policy, which is implemented by central bankers as opposed to elected authorities.
Fiscal policy is the term used to describe how the government uses taxation and spending to influence the economy. Governments often utilize fiscal policy to promote strong, long-term growth and to reduce poverty.
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Which of the following benefits of the American Free Enterprise System requires a great deal of government involvement?
Responses
A protection
B responsive prices
C variety of goods
D freedom
(answer is protection NOT responsive prices)
Answers
Option (a), The American Free Enterprise System's benefits of protection necessitate extensive government participation.
What role does the government play in the free market in America, and why?The government has the coercive power to maintain peace and order, protect the right of individuals to own property, and enforce voluntarily engaged into agreements. In essence, the government serves to defend the free enterprise system.
The objectives of a free enterprise include more freedom, market efficiency, consumer rights, financial security and stability, and economic opportunity. Even if free market offers more freedom, there is a higher likelihood that many economic crises will arise without the involvement of the government.
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Suppose that business travelers and vacationers have the following demand for airline
tickets from Los Angeles to San Francisco:
Price
$150
$200
$250
$300
Quantity Demanded
(business travelers)
35,000
30,000
26,000
20,000
Quantity Demanded
(vacationers)
25,000
21,000
14,500
11,000
1. As the price of tickets rises from $200 to $250, what is the price elasticity for both
(a) business travelers and (b) vacationers ?
2. Why might vacationers have a different elasticity than business travelers?
3. What would be the Exact Quantity Demanded and change in Total Revenue if the
Airlines Change the Price for Business Travelers from $200 to $230?
Answers
Why is a city planner an important career
Answers
Answer:
Being a city planner is a very important career since there work affects the city that they are working on. City planners create programs, plan out ways to develop land, plans to place buildings and features. Put in facilities, etc.
In your city, most of the buildings and places where are there neighborhoods. Are most likely the work of a team of city planners. It says it in its name. A city planner is a planner who uses there skills to plan out a city or plan out things in the city. The placements of certain museums or buildings are the result of a city planner.
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which type of Investment has a high potential return, but doesn’t promise a specific amount?
Answers
Answer: Debt investments I think
Explanation: I can’t comment (idk why)soo sry I tried tho, wish u luck
Ben Thomas is earning an annual salary of $15,090 at Custom Stereos. He has been offered a job at the local Ford dealer for $16,660 annually. How much more would Ben earn per week if he accepts the position at the Ford dealer?
Answers
Answer:
$30.2
Explanation:
The current annual salary for Ben Thomas is $15,090. the weekly salary will be $15,090 divide by 52
=$15,090 / 52
=$290. 2
The new annual salary at the Ford dealer is $16,660
Weekly salary is the annual salary divided by 52
= $16,660 / 52
=$320.4
Ben Thomas will earn much more by:
=$320.4 - $290. 2
=$30.2
Which of the following would normally fall under general education requirements at a college?
A. Literacy, natural sciences, social sciences, and physical education B. Music, physical education, world languages, and behavioral sciences
C. Math, music, physical education, and military history
D. Math, literacy, natural sciences, and social sciences
Answers
Answer: D. Math, literacy, natural sciences, and social sciences
Explanation:
General Education Requirements prepares students with the skills that are needed to enhance their employability and also help them in course of life. Some of these skills include oral and written communication, problem solving, critical thinking, etc.
Some of the subjects that would normally fall under general education requirements at college are Writing, Mathematics, Social science, Natural science, Global awareness, Diversity. etc.
Akram owns a small farm. He employs 80 workers in the field and has recently hired a manager to help him manage the farm. The income of the business varies greatly during the year. The farm makes a small profit but Akram is ambitious. He wants to take over a neighbour’s farm and increase the range of crops he sells. He thinks that he needs long-term finance and plans to take out bank loan to pay for the takeover. He has already borrowed money to buy a new tractor. A friend has advised him to form a company and sell shares.
1. Identify two types of short term finance t Akram could use when farm income is low?
Answers
Explanation:
calvin female is will dang barn Mann a can me wondering
Anchor Inc. is considering expanding its production capacity for the coming 10 years. The expansion requires a machine that costs $96,000 and has a CCA rate of 30% (assuming 150% rule). The machine is the only asset in the asset class and its salvage value is $4,000 at year 10. Anchor will generate $21,500 annual before-tax cash flow for 10 years. The cost of unlevered equity is 15% and the cost of debt is 5%. The flotation cost is 3% of the debt and Anchor will borrow 20% of the machine cost and the flotation cost. The corporate tax rate is 40%. a) Using the APV method, calculate the NPV. b) Due to economic downturn, the government offers a subsidized loan at 2% interest but require repaying 60% of the loan at year 6 and the balance at year 10. Using the APV method, calculate the NPV.
Answers
a) The NPV(Net present value) of the expansion project using the APV method is $22,372.57.
b) The NPV of the expansion project with the subsidized loan is $37,106.36.
a) To calculate the NPV using the APV method:
Step 1: Calculate the present value of the tax shield (PVTS):
PVTS = Tax rate * Debt amount * (1 - Debt repayment rate)
PVTS = 0.40 * (0.20 * ($96,000 + 0.03 * $96,000)) * (1 - 0.60)
PVTS = $5,068.80
Step 2: Calculate the present value of the unlevered cash flows (PVUCF):
PVUCF = ∑ (Annual cash flow / (1 + Cost of unlevered equity)^n), for n = 1 to 10
PVUCF = $21,500 * [(1 - (1 + 0.15)^(-10)) / 0.15]
PVUCF = $155,048.64
Step 3: Calculate the NPV:
NPV = PVUCF + PVTS - Initial investment cost
NPV = $155,048.64 + $5,068.80 - $96,000
NPV = $64,117.44
Therefore, the NPV of the expansion project using the APV method is $64,117.44.
b) To calculate the NPV with the subsidized loan:
Step 1: Calculate the present value of the subsidized loan interest payments (PVLIP):
PVLIP = ∑ (Interest payment / (1 + Subsidized interest rate)^n), for n = 1 to 5
PVLIP = $0.02 * [(1 - (1 + 0.02)^(-5)) / 0.02]
PVLIP = $0.0979952
Step 2: Calculate the present value of the subsidized loan principal payments (PVLPP):
PVLPP = Principal repayment at year 6 / (1 + Subsidized interest rate)^6 + Principal repayment at year 10 / (1 + Subsidized interest rate)^10
PVLPP = (0.60 * $96,000) / (1 + 0.02)^6 + (0.40 * $96,000) / (1 + 0.02)^10
PVLPP = $68,824.74
Step 3: Calculate the present value of the unlevered cash flows (PVUCF):
PVUCF = $21,500 * [(1 - (1 + 0.15)^(-10)) / 0.15]
PVUCF = $155,048.64
Step 4: Calculate the NPV:
NPV = PVUCF - PVLIP - PVLPP - Initial investment cost
NPV = $155,048.64 - $0.0979952 - $68,824.74 - $96,000
NPV = $37,106.36
Therefore, the NPV of the expansion project with the subsidized loan is $37,106.36.
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For questions 1-10, fill in the blank with the letter of the term that best matches the
description.
a coverage
b. insurance
c. policy
d. risk management
e. actuary
f. insurer
g. liability
h. claim
i. premium
j. deductible
1.) An arrangement by which a company gives customers financial protection against loss or harm in return for payment.
2.) Determining, minimizing, and preventing accidental loss in a business, for example, by taking safety measures and buying insurance.
3.) The company that sells insurance
4.) The amount of money charged for a certain amount of insurance coverage
5.) The amount an insured person must pay before making a claim against an insurance policy before an insurer will pay any compensation.
6.) The amount or type of protection provided by an insurance policy
7.) A statistician who calculates insurance premiums, risks, dividends, and annuity rates.
8.) A fixed dollar amount of coverage for damages than an insured becomes legally liable to pay due to an accident or other negligence.
9.) An application for payment under an insurance policy
10.) A contract of insurance
Answers
Answer:
Explanation:
Free brainliest to the first who answers and 100 points!!!!! also a thanks and a five star
one part of a cooperations income is paid out to shareholders it is called a ______.
Answers
Answer:
dwadaddaddadawdawdwa
Explanation:
awdawdadawdawdawdaw
Answer:
cash dividend
Explanation:
Question 27 pts OSHA, the Occupational Safety and Health Administration, has notified you that your company is legally required to install safety rails around the large vats of chemicals in your factory. You need to follow their order so that you are: Group of answer choices in compliance. licensed. insured. contracted.
Answers
8. One of Hope's coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover
the shifts. Which of Hope's deductions will definitely change as a result?
a. Her Federal tax
b. Her health
C. Her dental
d. Her retirement
Answers
Answer:
A
Explanation:
Federal income taxes are simply known to be collected by the federal government to pay their bills
State taxes are often collected by individual state governments to pay their specific state bills.
Income tax are simply regarded as Taxes on income, both earned in salaries, wages, tips, commissions and also those unearned in form of interest and dividends.
Conclusively, Income taxes can be levied on both individuals and businesses.
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The notion that similar taxpayers should pay similar amounts of taxes is known as.
Answers
The term "horizontal equity" refers to the idea that similar taxpayers should pay comparable tax rates.
According to the economic principle of horizontal equity, those with comparable assets and incomes should be required to pay the same amount of taxes. Regardless of the existing tax system, horizontal equality should be applied to those who are deemed to be equal. A tax system is deemed to be more horizontally egalitarian the more neutral it is. Contrast this with vertical equity, a form of income tax collection where the tax rate is susceptible to increase with the amount of earned income. Vertical equity is based on the idea that those who can afford to pay more taxes should make greater contributions than those who cannot. The horizontal equity hypothesis is predicated on the idea that everyone should be subject to the same level of income taxation.
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auditors may express a qualified opinion because of departure from gaap lack of consistency scope limitation a. yes no yes b. no yes no c. yes no no d. no yes yes
Answers
The auditors may express a qualified opinion because of a departure from GAAP and a scope limitation. The answer is C.
A qualified opinion is issued by auditors when they encounter certain issues during the audit that affect their ability to provide an unqualified opinion. In this case, the auditors may express a qualified opinion due to two specific reasons:
1. Departure from GAAP: If the financial statements of a company do not comply with Generally Accepted Accounting Principles (GAAP), the auditors may express a qualified opinion. This means that there are deviations or exceptions from the standard accounting principles, impacting the accuracy and reliability of the financial statements.
2. Scope limitation: If the auditors encounter limitations in the scope of their audit, it can result in a qualified opinion. A scope limitation means that the auditors were unable to obtain sufficient and appropriate evidence to fully assess certain areas or transactions in the financial statements. This limitation restricts the auditors' ability to provide an unqualified opinion.
Based on the given options, the correct answer is option C.
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10j of work is done to compress a gas in an adiabatic process. what is the change to the internal energy of the gas in this process?
Answers
The change to the internal energy of the gas is the same as work done on the gas. This is because there is no heat exchange in adiabatic process.
What is Adiabatic Process?An adiabatic process refers to a thermodynamic process in which there is no exchange of heat between the system and its surroundings. The term "adiabatic" comes from the Greek words "a" (meaning "without") and "diabatos" (meaning "passing through").
In an adiabatic process, energy is only transferred by the system's original work. This indicates that heat transmission, rather than labor done on or by the system, is the only factor affecting any change in the system's internal energy.
Adiabatic processes are often represented on thermodynamic diagrams, such as the pressure-volume (P-V) diagram. In such diagrams, adiabatic processes are represented by steep curves, indicating the absence of heat exchange.
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what was one impact of the stock market crash and the depression on american society?
Answers
The American society was severely damaged by the stock market fall since corporations had also invested in equities in addition to individual investors.
What, in plain English, is the stock market?
It serves as a market for trading shares of publicly traded corporations. Initial public offerings (IPOs), which are used by businesses to raise capital, are conducted on the primary market.
Who is in charge of the stock market?
One of the American industries that is subject to the most regulation is the securities market. In terms of regulating the security sector, the U.S. Congress comes out on top. The majority of the structure was built by it, and it also enacts laws that have an impact on how the sector functions.
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A __________ tax is one by which the government takes a greater share of the income of the rich than of the poor.
Answers
A progressive tax is designed to impose a higher tax rate on individuals with higher incomes, resulting in a greater share of income being taken from the rich compared to the poor.
This type of tax system aims to promote fairness and reduce income inequality by placing a larger burden on those who can afford to contribute more.
As income increases, the tax rate progressively increases, leading to a higher percentage of income being paid in taxes by wealthier individuals. The progressive tax structure is often seen as a means of redistributing wealth and providing support for social welfare programs.
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Over the past two decades, the U.S. economy has shifted from a manufacturing economy toward a(n) __________ economy.
Answers
Answer: Service-producing
Which internal company document typically contains the following sections: executive summary, situational analysis, objectives?
Answers
Business planning is a critical process for every business, as it helps to identify potential problems and opportunities, and to set a course for future growth. A good business plan should be concise, accurate, and comprehensive.
The internal company document which typically contains the following sections: executive summary, situational analysis, objectives is called a Business Plan.Business Plan:It is a written document or statement that defines the objectives of a business, the strategies and tactics it will use to achieve these objectives, and the resources that will be required to do so. Business planning is a critical process for every business, as it helps to identify potential problems and opportunities, and to set a course for future growth. A good business plan should be concise, accurate, and comprehensive.
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The expected return for Stock Z is 30 percent. If we know the following information about Stock Z:
Return Probability
Poor 0.2 0.25
Lukewarm ? 0.5
Dynamite! 0.4 0.25
What return will stock Z produce in the Lukewarm state of the world?
Answers
The return for Stock Z in the Lukewarm state of the world is 30 percent.
To find the expected return?To find the expected return for the Lukewarm state of the wrld, we need to use the probabilities provided and the overall expected return for Stock Z (which is 30 percent).
Let's call the return for the Lukewarm state "X". We know that the probability of Stock Z having a Poor return is 0.2, and the probability of having a Dynamite return is 0.4. So the probability of having a Lukewarm return must be 0.5 (since the sum of all probabilities must equal 1).
Using this information, we can set up the following equation:
0.2(0.25) + 0.5(X) + 0.4(0.25)
= 0.3
Simplifying, we get:
0.05 + 0.5X + 0.1
= 0.3
0.5X = 0.15
X = 0.3
Therefore, the return for Stock Z in the Lukewarm state of the world is 30 percent.
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The lowest rate of return is required by which type of investor or lender?
A. Bank B. Preferred stockholder
C. Common stockholder D. Bondholder
Answers
The lowest rate of return is required by the type of investor or lender is "Bank". The correct option is A.
The rate of return is the rate in which the company gets profit on an investing or investment. The rate of return comprises the value of investment or the cash flow that the investor gets from that investment.
The rate of return is calculated by the formula which states the rate of return is equal to the value of final value minus initial value upon the initial value. The rate of return formula in the final value is including the dividends and interest.
So, that the low or low interest is taken from the borrower is bank.
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Which method of corporate finance is predominately used by "GROWTH companies"?
A-retained earnings
B-new stock issues
C-borrowing
D-none of these are used by “growth companies"
Answers
Answer:
The method of corporate finance that is predominately used by "GROWTH companies" is B: "new stock issues."
Explanation:
Growth companies are companies that are expanding rapidly and reinvesting their profits back into the business to fuel further growth. As such, they typically need to raise additional capital to support their expansion plans. One way they can do this is by issuing new stock, which allows them to sell ownership stakes in the company to investors in exchange for funding. This can be an attractive option for growth companies because it does not require them to take on debt, which can be costly and risky, and it also does not reduce their retained earnings, which they can continue to reinvest in the business. Retained earnings and borrowing are also commonly used methods of corporate finance, but they may not be as suitable for growth companies depending on their specific circumstances.
If you could replace all of the grass in the world with something else, what would it be and why?
Answers
Answer:
I would replace it with cannabis, everyone is happier when there is green :)
Explanation:
Answer:
I would replace it with oil because oil is a rare resource
Explanation:
The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the price the investor receives when the stock is sold. The final price includes the original price paid plus an expected capital gain. The actions of the marginal investor determine the equilibrium stock price. Market equilibrium occurs when the stock's price is -Select- its intrinsic value. If the stock market is reasonably efficient, differences between the stock price and intrinsic value should not be very large and they should not persist for very long. When investing in common stocks, an investor's goal is to purchase stocks that are undervalued (the price is -Select- the stock's intrinsic value) and avoid stocks that are overvalued. The value of a stock today can be calculated as the present value of -Select- stream of dividends:
Answers
Answer:
marginal investor
equal
less
infinite
Explanation:
the value of a stock depends on the sum of the value of the dividend yield and capital gains yield
dividend yield = dividend / price of the stock
capital gains yield is a change in the value of the stock as a result of appreciation in the value of the stock.
The intrinsic value of a stock can be calculated using various dividend models. some of them include :
The Gordon constant growth dividend model The two stage dividend growth model The H-model The three stage dividend growth modelThe market is in equilibrium when price equal intrinsic value
a stock is undervalued when the price of the stock is less than its intrinsic value
A stock is overvalued when the price of the stock is greater than its intrinsic value.
An investor would want to purchase a stock that is undervalued so that they can take advantage of increase in the value of the stock
Th dividend used to calculate the intrinsic value is infinite. This is because dividends are paid infinitely as long as the investor holds the stock and the company exists
What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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How do you give brainliest?
I cant figure it out.
Answers
Answer:
for example, click the crown next to my question :)
Explanation: