The following transactions occurred during december 31, 2021, for the microchip company.
a. on october 1, 2021, microchip lent $90,000 to another company. a note was signed with principal and 8% interest to be paid on september 30, 2022.
b. on november 1, 2021, the company paid its landlord $6,000 representing rent for the months of november through january. prepaid rent was debited.
c. on august 1, 2021, collected $12,000 in advance rent from another company that is renting a portion of microchip’s factory. the $12,000 represents one year’s rent and the entire amount was credited to deferred rent revenue.
d. depreciation on office equipment is $4,500 for the year.
e. vacation pay for the year that had been earned by employees but not paid to them or recorded is $8,000. the company records vacation pay as salaries expense.
f. microchip began the year with $2,000 in its asset account, supplies. during the year, $6,500 in supplies were purchased and debited to supplies. at year-end, supplies costing $3,250 remain on hand.
required:
1. if microchip’s accountant employed reversing entries for accruals, prepare the adjusting entries at the end of 2021 for only those entries that would be reversed.
2. prepare the appropriate reversing entries at the beginning of 2022.
Answers
Adjusting and reversing entries for Microchip Company on December 31, 2021. Please find the step-by-step explanations below:
1. Prepare the adjusting entries at the end of 2021 for only those entries that would be reversed:
a. Interest Expense:
Interest = Principal x Rate x Time
Interest = $90,000 x 8% x (3/12) = $1,800
Adjusting Entry:
Debit Interest Expense $1,800
Credit Interest Payable $1,800
e. Vacation Pay:
Adjusting Entry:
Debit Salaries Expense $8,000
Credit Salaries Payable $8,000
f. Supplies:
Supplies used during the year = Beginning balance + Purchased - Ending balance
Supplies used = $2,000 + $6,500 - $3,250 = $5,250
Adjusting Entry:
Debit Supplies Expense $5,250
Credit Supplies $5,250
2. Prepare the appropriate reversing entries at the beginning of 2022:
a. Interest Expense:
Reversing Entry:
Debit Interest Payable $1,800
Credit Interest Expense $1,800
e. Vacation Pay:
Reversing Entry:
Debit Salaries Payable $8,000
Credit Salaries Expense $8,000
f. Supplies:
Reversing Entry:
Debit Supplies $5,250
Credit Supplies Expense $5,250
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Related Questions
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
Become familiar with
Insurance
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for a code of ethics to encourage ethical decision making and behavior in a company, _____.
a. it must be communicated only inside the company
b. it should revolve around legal factors and not organizational goals and mission
c. the management must ensure that the code does not include customers' and shareholders' interests
d. the management must develop practical ethical standards and procedures specific to the company's line of business
Answers
For a code of ethics to encourage ethical decision making and behavior in a company, the management must develop practical ethical standards and procedures specific to the company's line of business.
Give a brief account on ethical decision making.Making moral choices encourages fairness, responsibility, and consideration for others. Recognizing these circumstances, the ethical decision-making process calls for weighing all available possibilities, weeding out unethical viewpoints, and selecting the most ethically sound alternative. Effective and ethical choices are made. Making wise choices fosters mutual respect and trust in the workplace and is generally congruent with good citizenship. When decisions accomplish their intended goal, they are effective. A decision that has unanticipated consequences is unwise and unsuccessful. The secret to making wise judgments is to consider all of the options available to you in order to accomplish your goals. Because of this, it's crucial to recognize the distinction between short-term and medium- to long-term goals. A strategy for analyzing all the factors involved in a decision is necessary when making ethical decisions, as is a certain level of sensitivity to ethical issues.
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WILL GIVE BRAINLIEST: Which of the following will occur if aggregate demand is above full-employment GDP?
A) Inflation
B) Unemployment
C) A stable economy
D) Recession
SELECT ONE.
Answers
Answer:
B
Explanation:
B) unemployment
Uinn signs a check "pay to the order of Ronda" drawn on Quinnâs account in Suburban Bank. Quinn has $400 in his account but the amount of the check is $500, which the bank pays. This is
a, a stale check
b, a dishonored check
c, an overdraft
d, a postdated check
Answers
This is an overdraft. An overdraft is a cheque that is paid by a bank when the checking account on which it is written does not have enough money to cover it.
What is meant by overdraft check?When you don't have enough funds in your account to cover a transaction but the bank nonetheless honors it, you have an overdraft. There could be a "overdraft" fee assessed if it pays even though you don't have the funds in your account. You may be assessed a "bounced-check" or "nonsufficient funds" fee if your bank returns your check without clearing it. When a transaction brings your account balance below zero and you are unable to cover the transaction with available money, overdraft fees apply. No matter how much money is transacted, your bank or credit union will normally impose a fee that is a fixed sum. Deposits into your account are used to cover the overdraft, such as when your salary is received.To learn more about overdraft check refer to:
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Each group will provide a group work report on how the group has worked together to produce the PMBOK reports. It should not contain the main deliverables of the PMBOK project reports. Each group will document how members discuss and agree, the division of responsibilities and describe how individual efforts capitalised on the strengths of each group member. It will be used as evidence of individual contributions in the group. It is therefore in each member’s interest to ensure that their contribution to the final report is complete. Each group is expected to have at least three group meetings for the group assignment. The minutes of group meetings should be documented and attached as an appendix of this group work report, clearly indicating who was present, issues and actions, agreed timelines, and the like. The group work report must indicate that a fair and reasonable distribution of work amongst group members was achieved. Periodic information such as emails or diary entries must be inserted into the correct section in chronological order. If the submitted group work report suggests that not all contributions were of equivalent standard and effort, differential marks will be awarded to individuals within the same group. It must also document what individual group members understood as their allocated tasks, that individual group members submitted allocated work of acceptable standard and quality by the date that was agreed upon
Answers
This group work report outlines the collaborative efforts and individual contributions of the group members in producing the PMBOK project reports.
Group Work Report: PMBOK Project Reports
Introduction:
This group work report outlines the collaborative efforts and individual contributions of the group members in producing the PMBOK project reports. The report aims to provide evidence of each member's participation, the division of responsibilities, and how the strengths of each group member were utilized effectively. It also highlights the group meetings held, along with minutes and documented communication to demonstrate the fair and reasonable distribution of work.
Group Collaboration:
The group members actively engaged in discussions and decision-making processes throughout the project. Regular group meetings were conducted to ensure effective communication and coordination. The minutes of these meetings were documented and attached as an appendix to this report, clearly indicating the attendees, discussed issues, agreed actions, and timelines.
Division of Responsibilities:
The group agreed upon a fair distribution of tasks based on individual strengths and interests. Each member understood their allocated tasks and took responsibility for their completion. The division of responsibilities was as follows:
Member A: Responsible for conducting research on project planning and risk management.
Member B: Tasked with data analysis and documentation of project execution and control.
Member C: Oversaw quality management and integration of project components.
Individual Contributions:
Each group member made substantial contributions to the project, capitalizing on their strengths and expertise. Here are the highlights of individual efforts:
Member A leveraged their research skills to gather relevant information on project planning and risk management. They analyzed various methodologies and best practices, providing valuable insights for the project reports.
Member B utilized their analytical abilities to examine project data, identify trends, and generate comprehensive reports on project execution and control. Their attention to detail ensured accurate documentation.
Member C demonstrated strong organizational skills and attention to quality management. They oversaw the integration of project components, ensuring consistency and coherence across the reports.
Documentation and Timelines:
Individual group members diligently submitted their allocated work of acceptable standard and quality within the agreed-upon timelines. Periodic information, such as emails and diary entries, was appropriately inserted into the relevant sections of the report in chronological order, providing evidence of progress and collaboration.
Conclusion:
This group work report reflects the collective efforts of the group members in producing the PMBOK project reports. The fair distribution of work, effective communication through group meetings, and individual contributions aligned with each member's allocated tasks have resulted in a comprehensive and well-executed final report. The documented evidence of collaboration, minutes of meetings, and timely submission of work substantiate the individual efforts and their commitment to the project's success.
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answer quickly pls: it is an accounting question:
Answers
Answer:
$3,500
Explanation:
Profit is calculated by subtracting expenses for revenue.
In the case,
Revenues are
fees from client $20,000
Rent received $ 8,000
total revenue $28,000
expenses
insurance $8,000
advertising $3,000
loan interest $ 12,000
motor expense $1,500
$24,500
profit = $28,000 - $24,500
profits =$3,500
Takisha Jorimoto works in finance for a small microbrewery. This week Takisha is working on a budget for the next 12 months. She has been doing research to determine prices for the new equipment the company will need in the next 12 months to stay competitive in this market. Which of the steps in financial planning is Takisha involved in
Answers
Answer:
to follow her heart
Explanation:
and you will follow the steps
In LMX theory, what ultimately determines whether the follower becomes a member of an in-group or an out-group?
Answers
Answer:
d. the leader's perception of the follower
Explanation:
LMX theory stands for leader-member exchange theory and is an approach to leadership that focuses on the two-way relationship that exists between the leaders and followers of a group. Therefore the whether the follower becomes a member of an in-group or an out-group depends on the leader's perception of the follower. Mainly because the leader makes this decision and bases it around what they ultimately think about the follower.
strategic change involves improving an organization's alignment among which of the following? question 2 options: a. strategy, organization design, and environment b. strategy, organization design, and technology innovation c. technology innovation, organization design, and environment d. strategy, environment, and survey/feedback
Answers
The correct answer is option a. Strategic change involves improving an organization's alignment among strategy, organization design, and environment.
Strategic change is referred as the process of implementing of changes to important features of a business. For example in response to new market threats or opportunities. Upper management and the Chief Executive Officer in particular brace the responsibility for this change
Strategic change focuses at giving companies a competitive advantage in their market. It is known as the big-picture business change which is design to help companies and the increase revenue. Strategic change is distinguished as a complex change which includes four independent but each other interconnected areas- technical, organizational, methodical and social changes.
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WILL MARK BRAINLIEST
Etiquette Inc. earns $150,000 as income from services in a particular accounting period. The company's operating expenses for this period are
$35,000. What is the company's net income?
The net income Etiquette Inc. earns is $______.
Answers
Answer:
$115,000
Explanation:
150,000-35,000
Betty Cleveland is the vice president of Frankfurter Friday, a highly successful hot dog joint in Oceania. Her company decides to expand to Asia and identifies China as the ideal market. Before she leaves for China, she studies their culture extensively and discovers that the number four is considered extremely unlucky, that not everybody is fluent in China's official language—Mandarin—and that punctuality is a highly valued trait in the country.
Which of the following terms describes Betty's effort to learn more about the Chinese culture?
Answers
The term that describes Betty's effort to learn more about the Chinese culture is "cultural research" or "cross-cultural preparation."
By studying the cultural aspects of China, such as the significance of numbers, language diversity, and societal values like punctuality, Betty is engaging in cultural research. This process involves gathering information, exploring cultural norms, customs, and beliefs, and gaining insights into the target market's preferences and sensitivities. Such efforts are crucial for businesses expanding into new markets, as they help to avoid cultural misunderstandings, adapt marketing strategies, and establish strong connections with the local population.
Betty's dedication to understanding the Chinese culture demonstrates her commitment to successful market entry and building positive relationships with the Chinese consumers.
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the shift from manufacturing to service in the u.s. economy has caused the number of union workers to:
Answers
US manufacturing companies have moved their operations to China and other low-wage countries while firing US union workers, resulting in a decline in union membership over the past three decades.
What caused the rise in union membership?
The need to safeguard workers' collective interests led to the birth of the labor movement in the United States.Organized labor unions fought for better wages, reasonable working hours, and safer working conditions for industrial workers.
Which three factors are responsible for the decline in union membership?
The growth of traditionally unionized industries has significantly decreased.Numerous factors, including unions' tarnished reputations, shifts in the labor force, and laws restricting union influence, are to blame for the decline in unionization.
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if you invest $8,500 per period for the following number of periods, how much would you have in each of the following instances? use appendix c as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. in 12 years at 10 percent? (do not round intermediate calculations. round your final answer to 2 decimal places.)
Answers
If you invest $8,500 per period for 12 years at 10 percent, how much you would have can be calculated using the formula and financial calculator methods.
Using Appendix C as an approximate answer, we can see that the future value factor for 12 years at 10 percent is 3.1059. Therefore, the approximate answer is:
Approximate answer = $8,500 x 3.1059 = $26,407.15
However, to get the exact answer, we need to use the formula and financial calculator methods.
Formula method:
Future value = Present value x (1 + rate)^n
where,
rate = 10% per year
n = 12 years
Present value = $8,500 per period
Future value = ?
Using this formula, we can calculate the future value as:
Future value = $8,500 x (1 + 0.10)^12 = $28,541.17
Therefore, if you invest $8,500 per period for 12 years at 10 percent, you would have $28,541.17.
Financial calculator method:
We can also use a financial calculator to calculate the future value. The steps are:
1. Enter 12 for n (number of periods)
2. Enter 10 for i (interest rate)
3. Enter -8500 for PMT (payment or deposit per period)
4. Press FV (future value)
The answer will be $28,541.17, which is the same as the answer we got using the formula method.
Therefore, if you invest $8,500 per period for 12 years at 10 percent, you would have $28,541.17.
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Which investment is better stocks, bonds, or mutual funds and why?
Answers
\(\text{Hello There!}\)
\(\bold{Stocks}\) \(\text{is the act of putting money in a business and expecting to make a profit.}\)
\(\bold{Bonds}\) \(\text{are more of a safe to invest in, however, you cannot sell them for 12 months.}\)
\(\bold{Mutual\;Funds}\) \(\text{ is the act of investing in securities with other investors}\)
Mutual Funds can be a good option if you're okay with the lack of investment decisions; however, people often lose money due to the risk of securities going down in value.
\({\underline{\underline{{Stocks}}}\) are going to be your best option for short-term investments.
\({\underline{\underline{{Bonds}}}\) are going to be your best option for long-term investments.
\({\underline{\underline{{Mutual\;Funds}}}\) are going to be your best option for investing in bigger stocks.
\(\boxed{There\;isn't\;a\;"best"\;option;\;it\;depends\;on\;what\;you\;prefer.}\)
\(\rule{300}{1.0}\)
The Jones Jewelry company has located the design and production of its jewelry operations offshore; the jewelry is being produced in Bangladesh. As a result, Jones Jewelry is exposed to all the following risks EXCEPT risks from _______.
Answers
As a result of Jones Jewelry locating the design and production of its jewelry operations offshore while producing in Bangladesh, Jones Jewelry is exposed to all the following risks EXCEPT risks from A. highly uniform quality standards.
What are the risks faced by multinational companies?The risks faced by multinational companies include:
Institutional failuresCrimePolitical instability and violence (geopolitical conflicts, foreign nationalization of assets)Fluctuations in currency exchange rates.Answer Options:A. highly uniform quality standards.
B. foreign nationalization of assets
C. geopolitical conflict
D. unintended knowledge leakage to foreign competitors
Thus, the only risk that Jones Jewelry may not be exposed to is A. highly uniform quality standards.
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A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
Answers
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS
lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?
Answers
Answer:
What's the question? :) I'm an econ major btw.
Explanation:
Kathy is buying her first home. She is financing a total of $185,000 at an APR of 5% for 25 years. How much are her monthly payments
Answers
Based on Kathy's total cost of financing the home, the APR, and the period, her monthly payments would be $1,081.49.
How much would Kathy pay per month?Find the monthly period:
= 25 x 12
= 300 months
The monthly rate:
= 5%/12
= 5/12%
The monthly amount is:
= 185,000 / (( 1 - (1 + 5/12%)⁻³⁰⁰) / 5/12%)
= $1,081.49
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The U.S. Fish and Wildlife Service helps protect endangered species.
t or f
Answers
It is true that the U.S. Fish and Wildlife Service helps protect endangered species.
What is service?A service refers to the act of providing assistance or performing work for someone else. This can take many different forms, including tangible goods like food or physical labor, or intangible services like consulting or counseling. Services can be provided by individuals, businesses, or governments, and can range from small-scale tasks to large-scale projects. In the modern economy, services are critical component of most industries. They can be used to help individuals or organizations solve problems, improve their efficiency, or achieve their goals. Service providers may charge a fee for their work, or they may be provided for free as part of a larger package. Overall, services are an essential part of the way we live and work, and they are likely to continue to play a key role in the global economy in the years to come.
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Which of the following parts of a business plan include the cash flow projection and profit and loss projection?
Answers
Business description and structure. This is where you explain why you're in business and what you're selling. ...
Market research and strategies. ...
Management and personnel. ...
Financial documents.
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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name the liability under which the private assets minus the private liabilities of a partner are liable to pay the liabilities of the firm
Answers
Answer:
Limited Liability
Explanation:
One of the disadvantages of forming a Partnership is the issue of Limited Liability.
Limited Liability means that Partners are liable for the debts of the company to the extent of their investment in a partnership arrangement.
risk aversion helps to explain various things we observe in the economy, including
Answers
Risk aversion refers to the tendency of individuals to prefer a sure outcome over an uncertain one, even if the uncertain outcome has a higher expected value. This concept is important in explaining several economic phenomena.
Firstly, risk aversion helps to explain why people invest in safer assets, such as bonds, instead of riskier assets, such as stocks. This is because risk-averse individuals prefer a guaranteed return on their investment, even if it is lower than the potential return on a riskier asset. This behavior can lead to a lower overall rate of return in the economy as a whole.
Secondly, risk aversion can explain why individuals are willing to pay a premium for insurance. Insurance provides a guaranteed payout in the event of an uncertain loss, which is highly valued by risk-averse individuals. This behavior can lead to higher insurance premiums, which can be costly for consumers.
Thirdly, risk aversion can help to explain why individuals are hesitant to start their own businesses or invest in new ventures. Starting a business or investing in a new venture involves a high level of risk, which may not be appealing to risk-averse individuals. This behavior can lead to a lower level of entrepreneurship and innovation in the economy.
In summary, risk aversion is an important concept in economics that helps to explain why individuals make certain decisions regarding investment, insurance, and entrepreneurship. While risk aversion can be beneficial in some situations, it can also lead to lower overall economic growth and innovation.
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Olivia has taken out a $13,100 unsubsidized stafford loan to pay for her college education. she plans to graduate in four years. the loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. by the time olivia graduates, how much greater will the amount of interest capitalized be than the minimum amount that olivia could pay to prevent interest capitalization? round all dollar values to the nearest cent. a. $654.45 b. $477.27 c. $995.60 d. $354.22 please select the best answer from the choices provided a b c d
Answers
Answer:
a or 654.45
Explanation:
edge 2023
Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answers
Answer:
bias
Explanation:
bias is the true anwer
Which of the following is typically not a feature of savings accounts?
Answers:
No checks
Earns interest
Withdrawal limits
A debit card
Answers
Answer: No checks is not a feature of savings account
Explanation: No checks is typically not a feature of savings account. On opening a savings account we do get a passbook and checkbook facility. Cheques are used for quick withdrawal of money or submission of funds
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what is an example of a long-run fixed cost? O insurance payments O salary costs Othere are no fixed costs in the long run O production input expenses.
Answers
An example of a long-run fixed cost would be production input expenses, such as the cost of machinery, equipment, and raw materials that are essential for a company's operations. Insurance payments and salary costs are typically considered variable costs because they can fluctuate in the short-term and can be adjusted more easily.
An example of a long-run fixed cost would be production input expenses, such as the cost of machinery, equipment, and raw materials that are essential for a company's operations. These expenses are considered fixed in the long-run because they cannot be easily adjusted in response to changes in demand or market conditions. On the other hand, insurance payments and salary costs are typically considered variable costs because they can fluctuate in the short-term and can be adjusted more easily.
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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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What are preferred stocks?
Answers
Answer:
See below
Explanation:
Preferred stocks are a special group of shares issued by a company to raise capital. They combine features of ownership and debts, which make them hybrid securities. Like bonds, preferred shares are issued at par value.
Preferred stocks pay fixed dividends following a set schedule. Holders of preferred shares do enjoy voting rights. However, they get preference in dividends sharing. They also enjoy priority claims to the company assets in case of a dissolution.
Answer:
The term "stock" refers to ownership or equity in a firm. There are two types of equity—common stock and preferred stock. Preferred stockholders have a higher claim to dividends or asset distribution than common stockholders.1 The details of each preferred stock depend on the issue.
Why might a business owner prefer to start a business in a laissez-faire economy? A. because the government will offer incentives for new business owners B. because the government makes all decisions, it is easier for business owners C. because it does not include things like taxes, tariffs, or any type of regulation D. because it has financial regulations that benefit start-up businesses
Answers
Answer:
D. because it has financial regulations that benefit start-up businesses
Explanation:
In a laissez-faire economy, the government does not interfere with economic activities of such as production, consumption, or private contracts. The government focuses on enforcing law and order, providing public goods, and regulating activities in the country.
Starting a new business in a laissez-faire economy assures an entrepreneur of fair business practices due to government regulations. The business owner will be confident when entering into contracts as the government enforces them.
Answer:
The correct answer would be C
Explanation:
Laissez-faire doesn't include things like taxes, tariffs, or any type of regulation and that's why businesses like to start with Laissez-faire.