Darrell owns a parcel of land that he purchased by obtaining a loan from the First National Bank, and the loan has not been paid off yet. Darrell agrees to sell the land to Paul for $50,000. Darrell and Paul together go to the First National Bank to discuss the sale and purchase with the banker. Darrell, Paul, and the banker sign an agreement stating that Paul will assume the mortgage and that Darrell will be discharged from all further liability on the mortgage. In this case: Group of answer choices the bank is a third party donee beneficiary. Darrell is a third party beneficiary of the agreement between Paul and the bank. The bank can collect from Darrell if Paul defaults. The agreement among the three is a novation
Answers
In this scenario, Darrell owns a parcel of land that he purchased by obtaining a loan from First National Bank.
He agrees to sell the land to Paul for $50,000, and they both go to the bank to discuss the sale and purchase. They sign an agreement with the banker that Paul will assume the mortgage and Darrell will be discharged from all further liability on the mortgage.
This agreement between the three parties is called a novation. It is a legal concept that allows for the substitution of one party in a contract with another, effectively releasing the original party from all obligations and transferring them to the new party.
In this case, Paul is assuming the mortgage from Darrell, effectively becoming the new borrower. Darrell is being discharged from all further liability on the mortgage, which means that he will no longer be responsible for any payments or defaults. The bank is not a third party donee beneficiary nor is Darrell a third party beneficiary of the agreement between Paul and the bank. Therefore, the bank cannot collect from Darrell if Paul defaults as he is no longer liable. The correct option is Darrell owns a parcel of land that he purchased by obtaining a loan from First National Bank.
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Related Questions
a limited company forfeited 600 shares of 100 each (originally issued at 25%premium payable along with the application money)
Answers
1. Account titles Debit Credit
Share capital a/c $42000
To share allotment a/c $3000
To share first call a/c $18000
To share forfeiture a/c $21000
(Being 600 shares were forfeited)
2. Account titles Debit Credit
Bank a/c $39000
Share forfeiture a/c $3000
To share capital a/c $42000
(Being forfeited shares were reissued at 70 paid up)
3. Account titles Debit Credit
Share forfeiture a/c $18000
To capital reserve a/c $18000
(Being balance of forfeiture a/c is transferred to capital a/c)
Full question ". A limited company forfeited 600 shares of 100 each (originally issued at 25% premium which was payable along with application money) on which allotment money of 20 and first call money of 30 were not received; the final call money of 30 is not yet called. These shares were originally allotted on pro-rata basis in the ratio of 4 : 3. These shares were subsequently reissued at a discount of 5 per share, credited as 70 paid up. Pass necessary Journal entries for forfeiture and reissue of shares.
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started business with cash Rs 100000 and furniture Rs 50000
Answers
Answer:
See below
Explanation:
Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.
The journal entry will be as below,
Cash A/c Dr. Rs 100,000
Furniture A/c Dr. Rs 50,000
Capital A/c Cr. Rs 150,000
Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $160,000 fair market value on the contribution date. The property was also encumbered by a $90,000 nonrecourse debt, which was transferred to the partnership on that date. Sharon is treated as a general partner. She is allocated 30% of QRST's profits and 20% of QRST's losses. Sharon's basis in the partnership interest after the formation transaction is:
Answers
Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000
how do citizens in democracy have a voice in tax policy?
Answers
In a democracy, citizens have a voice in tax policy through their right to vote and elect representatives.
They can influence decisions on money allocation, environmental concerns, and economic growth. By engaging in social studies, citizens can make informed judgments about the demand for different policies and adapt their views if needed, holding their representatives accountable for any errors in policy decisions.
As a result, citizens have a responsibility to be informed about tax policy and to hold their elected officials accountable for decisions that impact the allocation of public money.
Accounting and judgment play a significant role in tax policy decisions. Officials must balance the demands of citizens with the need to generate revenue, and they must adapt policies based on changing circumstances and demand. Mistakes or errors in tax policy can have significant consequences for individuals and the economy as a whole.
Citizens can influence tax policy through engagement with their elected officials and participation in public forums. They can also vote for candidates who support their views on tax policy. By working together, citizens can ensure that their voices are heard and that tax policy reflects their values and priorities.
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Meg's company decided to build an additional factory in a small community. When the community started a protest because of the negative impact the factory would potentially have, Meg's company promised to prevent and pay for any negative impact to the community. It also offered to build a community park to balance out the negative impact the factory might cause. Which moral standard of social responsibility is the business observing?
Answers
Answer:
Corporate Citizen Moral Standard
Explanation:
The reason is that the company have to meet its social standards and the legal requirements which the jurisdiction imposes on it, which is Corporate Citizen Moral Standard. Furthermore, for this reason the company has promised that they will try their best to prevent any negative impact and if there are such cases then it will compensate them as well, which is their legal requirement. They also had offered to build a community park which is the requirement of their social standards.
new technologies such as and led to a new boom era of oil and gas production in texas, beginning in 2008 and continuing through today. group of answer choices
Answers
New technologies such as horizontal drilling and fracking led to a new boom era of oil and gas production in Texas, beginning in 2008 and continuing through today.
This depth is normally a thousand–3000 m below the floor . as soon as this calculated intensity is reached, the property starts offevolved to turn at an angle this is step by step improved till the well becomes parallel with the reservoir. As soon as the property is parallel with the reservoir, it's far drilled until the favored length is reached.
Fracking, or hydraulic fracturing, first invented in 1947, is the procedure of extracting oil or natural fuel from rock formations through drilling – nowadays, the use of a way called horizontal drilling – and then the usage of excessive pressured water to move the herbal fuel or oil to the floor wherein it is amassed.
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json-9237 has enough demand to sell 900 units of each product per month. each product requires the same direct materials in its production. the direct materials cost $4 per pound. the company will at most have 5,400 pounds of the direct materials available every month. what is the maximum contribution margin that json-9237 can earn per month using its 5,400 pounds of direct materials optimally?
Answers
We can calculate the maximum contribution margin by subtracting the total cost of direct materials (4 * x) from the revenue generated. So, the maximum contribution margin is y * (5,400 / x) - (4 * x).
To find the maximum contribution margin that json-9237 can earn per month using its 5,400 pounds of direct materials optimally, we need to consider a few factors.
Let's calculate the maximum contribution margin step by step:
Step 1: Calculate the cost of direct materials per unit.
Given that the direct materials cost $4 per pound, we need to determine the pounds of direct materials used per unit. Since this information is not provided in the question, we'll assume it's given. Let's say the direct materials usage per unit is x pounds. Then, the cost of direct materials per unit is 4 * x.
Step 2: Calculate the maximum number of units that can be produced.
To find the maximum number of units that can be produced, we divide the total pounds of direct materials available (5,400 pounds) by the pounds of direct materials used per unit (x pounds per unit). So, the maximum number of units that can be produced is 5,400 / x.
Step 3: Calculate the maximum contribution margin.
To calculate the revenue generated by selling the maximum number of units, we multiply the maximum number of units that can be produced (5,400 / x) by the selling price per unit. Let's say the selling price per unit is y dollars. Then, the revenue generated is y * (5,400 / x).
Finally, we can calculate the maximum contribution margin by subtracting the total cost of direct materials (4 * x) from the revenue generated. So, the maximum contribution margin is y * (5,400 / x) - (4 * x).
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A financial institution that accepts deposits makes loans and provides other services as a nonprofit organization is called a:
A. Credit Union
B. Retail Bank
C. Title Pawn Lender
D. Payday Lender
Answers
Credit Unions are nonprofit financial institutions that accept deposits, provide loans, and offer other services. As a result, choice (A) is right.
What is meant by a nonprofit organization?A nonprofit organization (NPO) or non-profit organization is a legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business with the goal of making a profit for its owners. It is also referred to as a non-business entity,[1] or nonprofit institution,
The non-distribution constraint applies to nonprofit organizations, which means that any surplus funds must be used to further their mission rather than being distributed to other parties.
A wide range of organizations, including certain political organizations, schools, business organisations, churches, social clubs, and consumer cooperatives, are nonprofit. Governments may grant tax-exempt status to nonprofit organizations, and some may be eligible for tax-deductible donations. However, an organization can establish as a nonprofit organization without obtaining tax-exempt status.
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What is the main purpose for the operation bank
Answers
Answer:
To secure people's money
Explanation:
People's money can easily be stolen but if you put your money in the bank they would have to be a skilled hacker to steal your money
Match each law with its correct description.
Answers
Answer:
Not too sure but I think it goes 1.Fair credit billing act 2.Credit CARD act 3.Uniform commercial code 4.Truth in lending act.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.
Through the meaningful disclosure of loan conditions, which enables customers to evaluate standardized credit terms more easily and intelligently, the Truth in Lending Act (TILA) aims to safeguard consumer protection and promote competition among financial institutions.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.Fair Credit Billing Act: allows consumers to exercise their rights regarding disputes and billing errors.Uniform Commercial Code: a set of laws that govern US commercial transactions.Credit CARD Act: prohibits unfair and abusive credit practices and ensures the transparency of fees.As a result, the significance of the law terms and definition are the aforementioned.
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Please show each step of the algebraic work. All the other answers just jump to the answer.
Preston Industries has a WACC of 12.78 percent. The capital structure consists of 61.7 percent equity and 36.7 percent debt. The aftertax cost of debt is 7.2 percent and the cost of equity is 15.90 percent. What is the cost of preferred stock?
Answers
Given,The WACC of Preston Industries = 12.78%Weight of equity = 61.7%Weight of debt = 36.7%Cost of debt = 7.2%Cost of equity = 15.90%Let's find out the cost of preferred stock
.Calculation:
Weight of preferred stock = 100% - (Weight of equity + Weight of debt)Weight of preferred stock = 100% - (61.7% + 36.7%)Weight of preferred stock = 1.6%The formula for WACC is, WACC = (E/V × Re) + (D/V × Rd) × (1 − Tc)Where,E = Market Value of the firm's equityD = Market value of the firm's debtV = Total Market Value of the firm's financingRe = Cost of EquityRd = Cost of DebtTc = Corporate Tax RateWe have values for WACC, E, D, Re, Rd, and Tc. We need to calculate V.Let's find out the total market value of the financing.V = E + D + PWhere,P = Market Value of the firm's preferred stockNow, we have values for E, D, P, and V. We can calculate the cost of preferred stock.Calculation:WACC = (E/V × Re) + (D/V × Rd) × (1 − Tc)0.1278 = (0.617 × 0.1590) + (0.367 × 0.072) × (1 - 0.3)0.1278 = 0.0981 + 0.01662.319 × P = V - E - D2.319 × P = 1 - 0.617 - 0.3672.319 × P = 0.016P = 0.016/2.319P = 0.0069 or 0.69%Therefore, the cost of preferred stock is 0.69%
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describe the similarities and differences between partnerships and sole proprietorships
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Answer and Explanation:
In the case of a small business, a sole proprietorship or the partnership model is usually the most suitable. A sole proprietorship is a business owned and controlled by one individual, while a partnership is a business owned and managed by more than one person but less than twenty people.
finch corporation recognized accrued compensation cost. use the following model to show how this event would affect the company’s financial statements under the following two assumptions: (1) the compensation is for office personnel and (2) the compensation is for production workers. use the letter i for increase or the letter d for decrease to show the effect on each element. if an element is not affected, indicate so by placing the lette
Answers
1 2 Assets N/A I=Liab. I I+Equity D N/A Rev. N/A N/A-Exp. I N/A=NI D N/A
Equity, also known as shareholders' equity or owners' equity for privately held businesses, is the sum of money that, in the event of a company's liquidation, would be distributed to its shareholders after all of the company's assets have been sold and its debt has been fully repaid. In an acquisition, it is the value of sales less any obligations owing by the company that were not transferred with the transaction. Shareholder equity can also serve as a proxy for a company's book value. A payment-in-kind arrangement may occasionally include equity. One of the most frequent types of information is equity, which can be found on a firm's balance sheet and denotes the proportionate ownership of the shares of a corporation.
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Employees are subject to taxes withheld from their paychecks.
a. List the federal taxes withheld from most employee paychecks.
b. Give the title of the accounts credited by amounts withheld.
Answers
a. The federal taxes withheld from most employee paychecks are federal income tax, social security tax, and Medicare tax.
b. The accounts credited by amounts withheld depend on the specific tax being withheld. For federal income tax, the amount withheld is credited to "Federal Income Tax Payable." For social security tax, the amount withheld is split between "Social Security Tax Payable" and "Medicare Tax Payable."
a. The federal taxes withheld from most employee paychecks are
Federal Income Tax: This tax is based on the employee's earnings, and the amount withheld is determined by the employee's W-4 form and the IRS tax tables.
Social Security Tax: This tax is a percentage of the employee's gross pay and is used to fund the Social Security program, which provides retirement, disability, and survivor benefits.
Medicare Tax: This tax is also a percentage of the employee's gross pay and is used to fund the Medicare program, which provides healthcare benefits to eligible individuals.
b. The accounts credited by amounts withheld depend on the specific tax being withheld
Federal Income Tax: The amount withheld is credited to a liability account called "Federal Income Tax Payable."
Social Security Tax: The amount withheld is split between two liability accounts: "Social Security Tax Payable" and "Medicare Tax Payable."
Medicare Tax: The amount withheld is credited to the liability account called "Medicare Tax Payable."
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Which of the following statements is true about the specific identification method of costing inventories?
a. It tracks the actual physical movement of goods in a perpetual inventory system b. It is a simple, inexpensive way of determining inventory costs.
c. It is always used in both the perpetual and periodic inventory systems. d. It is typically used for inventory items that are interchangeable.
Answers
The specific identification method of costing inventories is typically used for inventory items that are interchangeable.
What type of inventory items is the specific identification method of costing typically used for?The correct statement is:
It is typically used for inventory items that are interchangeable.
The specific identification method of costing inventories is a method where each individual item in the inventory is assigned a specific cost based on its unique identification number or other distinguishing characteristics.
This method is generally used for inventory items that are not interchangeable or have unique attributes, such as luxury goods, custom-made products, or high-value items.
Let's analyze the other options:
It tracks the actual physical movement of goods in a perpetual inventory system.
This statement is incorrect. The specific identification method does not necessarily track the physical movement of goods. Instead, it focuses on assigning specific costs to individual items.
It is a simple, inexpensive way of determining inventory costs.
This statement is incorrect. The specific identification method can be complex and may require detailed record-keeping and tracking of individual items. It may also be more time-consuming and costly compared to other inventory costing methods.
It is always used in both the perpetual and periodic inventory systems.
This statement is incorrect. The specific identification method can be used in both perpetual and periodic inventory systems, but it is not always used. The choice of inventory costing method depends on factors such as the nature of the inventory, industry practices, and regulatory requirements.
Therefore, option d is the correct statement, as the specific identification method is typically used for inventory items that are not interchangeable.
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sm.63 a small company has $8,500,000 in (annual) revenue, spends 38% of its revenues on purchases, and has a net profit margin of 12.25%. they would like to increase their profits and they are looking at focusing in one of two directions. first, they think they can save 2.30% on their purchase expenses. or second, they can focus on increasing sales. by what percentage would they have to increase sales in order to equal a 2.30% savings to purchasing expenses? (write your answer as a percentage, and display your answer to two decimal places.) 606448.98 %
Answers
They have to increase sales in order to equal a 2.25% savings to purchasing expenses by $ 9100.
The amount of net income or profit earned as a percentage of revenue is expressed as the net profit margin, or simply net margin. It is the proportion of a company's or business segment's net profits to revenues.
Although it can also be given in decimal form, net profit margin is frequently reported as a percentage. The net profit margin demonstrates how much of each dollar in sales received by a corporation transforms into profit.
An expenditure is a business's operational cost incurred to produce income. It may be simply described as the price one must pay to acquire something. It takes money to make money, as the adage goes.
Annual Revenue = $8,500,000
Purchase = Annual Revenue x 38%
= 8500000 x 38%
= $ 3,230,000
Target Saving in Purchase = 3,230,000 x 2.30%
= $ 74,290
Increase in sales = 74,290/12.25%
= $ 9100.5
Therefore, Sales has to be increase by $ 9100.
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A variety of pea plant called Blue Persian produces a tall plant with blue seeds. A second variety of pea plant called Spanish Dwarf produces a short plant with white seed. The two varieties are crossed and the resulting seeds are collected. All of the seeds are white and when planted they produce tall plants. These tall F1 plants are allowed to self-fertilize. The results for seed color and plant statue in the F2 are as follows:
F2 Plant Phenotype Number
Blue seed, tall plant 97
White seed, tall plant 270
Blue seed, short plant 33
White seed, short plant 100
TOTAL 500
Required:
Calculate the chi-square value for this experimental data
Answers
The correct option is Option D. 11.714. Chi-square test is used for testing the independence of two categorical variables.
The formula for calculating chi-square is: χ² = ∑(O - E)²/E Where: χ² = chi-square; O = observed values; E = expected values. From the given question, a variety of pea plant called Blue Persian produces a tall plant with blue seeds. A second variety of pea plant called Spanish Dwarf produces a short plant with white seed. The two varieties are crossed and the resulting seeds are collected. All of the seeds are white and when planted they produce tall plants. These tall F1 plants are allowed to self-fertilize. The results for seed color and plant statue in the F2 are as follows: F2 Plant Phenotype Number Blue seed, tall plant 97 White seed, tall plant 270 Blue seed, short plant 33 White seed, short plant 100
TOTAL 500 In the F2 generation, the offspring of self-fertilization, the tall plants are 97 + 270 = 367; and
the short plants are 33 + 100 = 133.
The expected numbers are calculated as:E(BS,TP) = (BS/500) * (TP/367) * 500 = 96.76E(WS,TP) = (WS/500) * (TP/367) * 500 = 270.24
E(BS,SP) = (BS/500) * (SP/133) * 500 = 32.24E(WS,SP) = (WS/500) * (SP/133) * 500 = 133.76
From the observed and expected values, the Chi-square value can be calculated as:
χ² = ∑(O - E)²/E= ((97 - 96.76)² / 96.76) + ((270 - 270.24)² / 270.24) + ((33 - 32.24)² / 32.24) + ((100 - 133.76)² / 133.76) = 0.003 + 0.021 + 0.654 + 11.036 = 11.714
So, the Chi-square value for this experimental data is 11.714. Therefore, the correct option is Option D. 11.714.
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What health issue did Feiler face that led him to consider his family?
Answers
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
All of the brands that a consumer will evaluate for the solution of a particular problem is known as the
a. inert set
b. decision set
c. awareness set
d. evoked set
e. none of the above
Answers
D) For marketers, the challenge is to get their products into the customer's evoked set and to remain there.
The correct option is d. evoked set. The term 'evoked set' refers to all of the brands that a consumer considers when faced with a particular problem or need. This refers to the group of goods that a customer considers when making a purchase decision. It is considered a very critical phase in the process of purchasing. According to the consumer's knowledge and experience, the evoked set is not permanent. The set of firms that are deemed when a consumer has a particular need or issue, and they then go on to buy one of the products in that set, are known as the evoked set. The consumer examines the advantages and disadvantages of each option in the evoked set in order to make an informed decision. For marketers, the challenge is to get their products into the customer's evoked set and to remain there.
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A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $12,000 two years from today. Of the following interest rates, which is the highest one at which Harry would be better off paying the money today?
a. 11 percent
b. 6 percent
c. 4 percent
d. 9 percent
Answers
Answer:
d. 9 percent
Explanation:
After 2 years the value of $10,000 at present time =
$10,000 * (1 + x / 100)^2 = $12,000
(1 + x / 100)^2 = 12,00 / 10,000
(1 + x / 100)^2 = 1.2
The square root of 1.2 is 1.0954
(1 + x / 100) = 1.0954
x = 9.54
9%( Approximately.)
This technique for evaluating capital projects tells how long it will take a firm to earn back the money invested in a project.
A. payback
B. internal rate of return
C. net present value
D. profitability index
Answers
Payback is the technique for evaluating capital projects tells how long it will take a firm to earn back the money invested in a project.
What does the payback period calculate?The payback period determines how long it will take to make back the initial investment. The PB shows how many years are needed for the cash inflows to equal the one million dollar outflow, for instance, if a capital budgeting project calls for a $1 million beginning cash outlay.In layman's terms, until the cumulative cash flow is positive, or the payback year, the cost of the investment is divided by the annual cash flow to determine the payback period. Years are typically used to express the payback period.Your payback period will always be longer than your ROI because wages are deducted from your payback calculation, whereas your ROI calculation considers the full range of short- and long-term business benefits and impacts, both tangible and intangible.Learn more about payback period refer to :
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Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
What would supporters of closed primaries say are the benefits?
Independents and others can exercise influence.
They promote higher voter turnout because anyone can participate.
They create a situation in which more moderate, centrist candidates are elected.
They build party unity and loyalty.
Answers
Supporters of closed primaries maintain that they help build party unity and loyalty, promote the nomination of more centrist candidates, and encourage higher voter turnout by allowing greater participation from non-traditional voters.
Supporters of closed primaries argue that they have several benefits compared to open primaries. One of the primary arguments in support of closed primaries is that they promote party unity and loyalty. Because only registered party members can participate in closed primaries, they argue that this helps ensure that the party's core supporters have a say in selecting its candidates. This, in turn, can help build stronger party cohesion and create more unified messaging and policy platforms.
Another argument in favor of closed primaries is that they can help create a situation in which more moderate, centrist candidates are elected. Because these candidates often appeal to a broader range of voters, some argue that the closed primary system allows for a more diverse selection of candidates who can appeal to a wider range of voters in the general election.
Advocates of closed primaries also suggest that they can help increase voter turnout by allowing anyone to participate, regardless of party affiliation. They argue that this allows independents and others who might not vote in a party caucus or convention to play a role in determining the party's nominee.
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Which one of the following best describes the way in which law is made in Queensland? a. Laws are passed by a majority vote in only the Queensland Lower House, given Royal Assent by the Governor of Queensland and then put to refendum b. Laws are passed by a majority vote in the Queensland Parliament and given Royal Assent by the Governor of Queensland. c. Laws are passed by a majority vote in the Queensland Parliament. d. Laws are passed by a majority vote in the Queensland Legislative Assembly and by a majority vote in the Queensland Legislative Council and given Royal Assent by the Governor-General. e. Laws are passed by a majority vote in the Queensland Legislative Assembly and by a majority vote in the Queensland Legislative Council and given Royal Assent by the Governor of Queensland. QUESTION 2 The Queensland Parliament passes a piece of legislation that sets harsher penalties for persons who steal, or attempt to steal goods from is called the Shoplifting Amendment Act 2022 (QId). One month later, the Commonwealth Parliament passes legislation reducing penalties for persons who steal, or attempt to steal goods from shops. It is called the Petty Theft Act 2022 (Cth). The two pieces of legislation are contradictory. Which of the following is correct? a. Only the Commonwealth Parliament can pass this legislation as an Exclusive power under section 51 of the Constitution. Section 109 will then be applied to determine that the Commonwealth legislation will prevail, to the extent of the inconsistency. c. Only the Commonwealth Parliament can pass this legislation, based on section 109 of the Constitution. d. Only the Queensland Parliament can pass this legislation, based on section 109 of the Constitution. e. Only the Queensland Parliament can pass this legislation as a Residual power under the Constitution.
Answers
B. Laws are passed by a majority vote in the Queensland Parliament and given Royal Assent by the Governor of Queensland is the correct description of the way law is made in Queensland.
The Queensland Parliament is the legislative branch of the Queensland government.
It is composed of two houses:
the Legislative Assembly and the Legislative Council (which has been suspended since 1922).
Laws are passed by a majority vote in the Queensland Parliament and given Royal Assent by the Governor of Queensland.
Bills may be introduced in either house, and both must pass the bill before it can become law.
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An attribute is a characteristic or property of an entity. if person is an entity, would the same attributes be used to describe a person in different databases that store medical, student, and fitness club data? why or why
Answers
The attribute is a character or the property of the entity and can be related to the person and is an entity. Thus the answer is members' data.
What does the attribute that tells about ?The attribute can be used for understanding the different people and can be used to analyze their personalities on the basis of the data gathered.
The attribute tells us about the quality or the nature and relates to the ideas and the philosophies. The attributes of the club members can be told from watching their data.
Hence it's based on the data stored in the medical database.
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2. The free-rider problem is most likely to exist in a market in which goods are:excludable and rival.excludable and nonrival.nonexcludable and rival.nonexcludable and nonrival.3. Below is a set of projects aimed at cleaning up a city's recreational areas. Determine whether the city should undertake the cleanup effort. Assume the city has enough money in its budget to undertake all projects.Project Marginal Cost Marginal Benefit Clean Up?North Park $21,000 $20,000 (Click to select) Yes NoUpper River Beach 8,000 2,000 (Click to select) No YesSouth Shore 27,000 22,000 (Click to select) No YesGreen Creek 1,400 900 (Click to select) No Yes4. Plastics, Inc. and Joe's Canoe Shack both operate businesses located on the river. Plastics, Inc. dumps pollution into the river, which results in fewer canoe rentals for Joe. The marginal cost of cleaning up the pollution is $26,000 for Plastics, Inc. Joe estimates a reduction in pollution will lead to a marginal benefit of $40,000.a. If Joe owns the rights to the river, which of the following is the most likely outcome?Plastics will pay Joe $35000 to pollute.Plastics will use its property rights to continue polluting.Joe will pay Plastics $35000 not to pollute.Joe will enforce his property rights and not allow Plastics to pollute.b. If Plastics, Inc. owns the rights to the river, which of the following is the most likely outcome?Joe will pay Plastics $35000 not to pollute.Plastics will pay Joe $35000 to pollute.Plastics will use its property rights to continue polluting.Joe will enforce his property rights and not allow Plastics to pollute.
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In this situation, there are two possibilities: either Joe owns the rights to the river and will enforce his property rights, not allowing Plastics to pollute, or Plastics, Inc. owns the rights to the river and will continue polluting using its property rights.
Joe may choose to pay Plastics, Inc. $35000 to stop polluting if the marginal cost of pollution is lower than the marginal benefit of pollution reduction. The city should undertake cleanup efforts only if the marginal benefit of cleanup exceeds the marginal cost. The North Park and Upper River Beach cleanups should not be carried out as their marginal cost exceeds the marginal benefit. However, the South Shore and Green Creek cleanups are suitable for the city to undertake, as they have a positive net benefit.
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FILL IN THE BLANK. with regard to quality management systems, is a formal document that demonstrates a commitment to achieving high quality and meeting customer expectations.
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Total quality control is a comprehensive collection of methods used to reduce mistakes across a company.
What is Total Quality Control?Total quality control is a broad range of methods used to reduce errors across an organization. An firm can significantly increase both its profitability and customer satisfaction by doing this. Employees from all departments who have the authority to make changes must participate. This strategy incorporates several ideas, such as:What counts is how the customer feels about the quality.Process enhancements are the primary focus of error reduction.There is no end to the overall quality control effort because processes must be continually improved.The objective of quality improvement must be closely integrated with ongoing feedback loops and motivational techniques.To Learn more About Total quality control refer to:
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four factors that affect the productivity of an office worker
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Answer:
not enough sleep
no breakfast
noise
distractions
A bad workspace
Distractions
No breakfast
Please read the following case study carefully and answer the questions that follow.
When Stephanie Mayer first started working as an office assistant with AOC Enterprises Limited, she was eager and enthusiastic. She was determined to prove herself a valuable employee, so she willingly accepted additional duties and responsibilities. She eventually found that she had more work than she could manage and was unable to type some essential documents before they were due. She told her supervisor that she had placed them on her desk the previous evening, but apparently someone had moved them. When reprimanded by her supervisor, she became offended and reminded him how much she usually does for the business. She withdrew her enthusiasm and began complaining that her boss was ungrateful.
List THREE positive and THREE negative qualities that Stephanie displayed. (6points)
State TWO poor decisions Stephanie made. (2 points)
Suggest THREE ways in which Stephanie could have prevented this conflict. (6 points)
Explain how the business can be affected by the deterioration of the relationship between Stephanie and her supervisor. (4 points)
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The positive qualities that Stephanie displayed include passion, determination, self-reliance while the negative qualities that she displayed include impatience, apathy, and lack of respect.
The poor decisions that were made by Stephanie include:
Complaining about how ungrateful her supervisor was.Shouting back at her supervisor rather than trying to resolve the issue.The ways that Stephanie could have prevented this conflict include:
Explaining what really happened to her supervisor.Not complaining about the ungratefulness of her boss.She could have been patient as well rather than confronting her supervisor.The deterioration of the relationship between Stephanie and her supervisor can bring about disunity in the workplace and this can lead to lower productivity.
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