Clooney Shows That Private Medical Information Is Not So Private
A total of 27 employees at a hospital in New Jersey were fired on Wednesday after it was discovered that they had allegedly viewed George Clooney's private medical information while the actor was receiving treatment there following a motorbike accident.
Administrators claimed that none of the four staff who were each suspended for four weeks were treating Clooney, which raised a number of concerns about who can access patient medical records and what safeguards are in place to ensure their privacy.
Clooney and passenger Sarah Larson were hurt after the motorcycle he was operating collided with a car on September 21. They were both brought to Palisades Medical Center in North Bergen, New Jersey. Larson damaged her foot, and Clooney fractured a rib. The confidentiality breach was found, according to hospital management, following a normal audit.
According to Eurice Rojas, the hospital's vice president of external affairs, "we routinely undertake audits to make sure our procedures are safeguarding individuals' rights." "In light of this situation, we immediately started an audit, which prompted [the investigation]." Since 1996, when hospitals first started storing sensitive medical data on computer systems, insurance firms and hospitals have been obligated by federal law to protect the privacy of medical information.
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Aberdeen Corporation borrowed $125,000 from the bank on October 1Year The note had an 8 percent annual rate of interest and matured on March 31 year 2 Interest and principal were paid in cash on the maturity date.
A. What amount of cash did Aberdeen pay for interest in Year 1?
B. What amount of interest expense was recognized on the Year 1 income statement?
C. What amount of total was reported on the December 31Year 1balance sheet ?
D. What total amount of cash was paid to the bank on March 31 Year 2 for principal and interest?
E. What amount of interest expense was reported on the Year 2 income statement?
If Aberdeen Corporation borrowed $125,000 from the bank on October 1Year.
A. Cash $0
B. Interest expense $2,500
C.Total liabilities $127,500
D.Cash $130,000
E. Interest expense $2,500
Interest expenseA. The amount of cash that Abardeen pay for interest in year 1 is $0 because the interest matured on March 31, year 2.
B. The amount of interest expense was recognized on the years income statement is:
Interest expense=($125,000 x 8% x 3 months /12)
Interest expense=$2,500
C. The amount of total liabilities that was reported on the December 31, 2016, balance sheet is:
Total liabilities= $125,000 + $2,500
Total liabilities = $127,500
D. The total amount of cash that was paid to the bank on March 31, 2017, for principal and interest is:
Cash= $125,000 Principal + ($125,000 × 8% × 6/12)] Interest
Cash= $125,000 Principal +$5,000 interest
Cash= $130,000
E. The amount of interest expense that was reported on the 2017 income statement is:
Interest expense=$125,000 × 8% ×3/12
Interest expense=$2,500
Therefore If Aberdeen Corporation borrowed $125,000 from the bank on October 1Year . Cash is $0, Interest expense is $2,500, Total liabilities $127,500, Cash $130,000, Interest expense $2,500.
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_____ are tangible items you can touch and use such as computers, furniture, and luggage
Services
Businesses
Companies
Goods
What are two most important Characteristics of research objectives?
thank you so much for this opportunity
which of the following is an indication of a possible breach of asset security? A. Payments to creditors are made quickly. B. Check documents have been pre-numbered. C. One employee approves and makes payments D. Customers receive very few cash refunds
Answer: One employee approves and makes payments
Explanation: B is incorrect, its C believe me
Gerry Jacobs, a financial analyst for Best Valu Supermarkets, has
prepared the following sales and cash disbursement estimates for the
period August through December of the current year.
[TABLE BELOW]
90 percent of sales are for cash, the remaining 10 percent are collected one month
later. All disbursements are on a cash basis. The firm wishes to maintain a
minimum cash balance of $50. The beginning cash balance in September is $25.
Prepare a cash budget for the months of October, November, and December, noting
any needed financing or excess cash available.
The cash is excess available in month of September , October, November and December.
A cash budget is a projection of a company's cash flows over a given time frame. The budget in question can be for a week, month, quarter, or year. This budget is used to determine whether the entity has enough money to keep running for the specified period of time.
What role does the cash budget play?
A financial budget is crucial, particularly for smaller businesses. It enables a business to decide how much credit it can provide to clients without experiencing liquidity issues. A cash budget assists in preventing a cash crunch at times when a business faces a large volume of costs.To Learn more about Cash Budget, Click the links.
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13. Which of the following is NOT slander per se?
O a. A statement that another has committed improprieties while engaging in a business, profession, or trade
O b. A statement that another has a loathsome disease (such as sexually transmitted diseases or mental illness
Oc. A statement that another has engaged in a sexual affair while married
Od. A statement that another has committed or has been imprisoned for a serious crime
The answer here is all of the above. This option is not given in the question, but evaluating the other four available options, it can be said that all are good examples of slander per se or defamation per se. The tort of defamation refers to the false statement that is spoken or written with the intention to damage someone's reputation. It can be in the form of relating to the person's business and detriment, false claims of a person committing a crime, imposing unchastity on a person, or claiming that another suffers from a loathsome disease.
The prison time period for a person ruining your recognition is “defamation of character”. Defamation describes the act of any other spreading a fake assertion approximately you or your commercial enterprise through the written or spoken word. Slander and libel are the 2 essential forms of defamation.
Depending on the context, calling a person a liar can be defamatory, inflicting damage to a recognition. But, greater regularly than not, calling a person a liar can be certainly an expression of opinion. In a few settings, litigation surrounding the booklet additionally implicates the First Amendment.
Emotional misery damages had been presented to own circle of relatives individuals in complaints in which own circle of relatives individuals had been affected. This consists of clinical malpractice, fake conviction, wrongful death, and plenty of different cases. If a member of the family is performing because of the victim's representative, they could sue for emotional misery.
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When you decide what to buy, you must...
select the cheapest item to get the best price.
trust influencers to select the best articles for you.
select the most expensive item for the best quality.
Compare the unit price of similar items to the one you want.
When deciding what to buy, it is recommended to compare the unit price of similar items to the one you want. This will help you make an informed decision based on value for money rather than just focusing on the price or brand name. Therefore, option D is correct.
How to decide what to but?Deciding what to buy involves several steps that can help you make an informed decision:
Identify your needs: Determine what you need and why you need it. This can help you prioritize your purchases and avoid impulse buying.
Set a budget: Determine how much you are willing to spend on the item. This will help you narrow down your options and avoid overspending.
Research: Research the item you want to buy, compare prices, and read reviews. This will help you make an informed decision and avoid buyer's remorse.
Consider alternatives: Consider alternative products or brands that may meet your needs and budget better.
Make the purchase: Once you have made your decision, make the purchase and be confident in your choice.
Remember, the key to deciding what to buy is to be mindful of your needs, budget, and available options, and to avoid impulsive purchases.
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Explain opportunity cost using the following examples. Make up whatever details
seem appropriate.
a. Ned buys new guitar that cost $800.
b. Cersei is living on a fixed income and chooses to buy less food one week in order
to pay for her prescription medications.
c. Daenerys wants to sign up for the MW 9:35am ACC 203 Cost Accounting section
at LCCC but unfortunately it is scheduled at the same time that Professor Plaksa’s
Macroeconomics course is being offered. Daenerys enrolls in Cost Accounting.
The opportunity costs are:
a. The sneakers that Ned could have bought with the $800.
b. The food that Cersei does not buy.
c. Professor Plaksa’s Macroeconomics course
What is opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as implicit cost. Opportunity cost arises because humans wants are without limits and the resources (e.g. time, money) needed to meet the needs are available in limited quantities.
When Deanery chooses the cost accounting class, she would not be able to attend the macroeconomics class also. Thus, Deanery is forgoing the macroeconomics class. This is her opportunity cost.
Cersei is sacrificing more food for prescription medication. The food he could have consumed represents the opportunity cost.
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When the students make use of technology to access the instructional content is referred to as
The technology to access the instructional content is referred to as Instructional technology.
The process of utilizing technology in teaching is known as instructional technology. Additionally, it covers the creation, layout, and assessment of the instruments utilized in educational activities. The quick advancement of technology in general has led to the creation of instructional technology. A projector was first used in courses to display educational information to the pupils many years ago. In today's classrooms, interactive whiteboards, iPads, and cellphones are being used to supplement learning activities.
Enhancing the efficacy and efficiency of learning is the main goal of instructional technology. The technology is created and crafted to meet the demands of instructors and students. Technology for teaching is used for more than just supporting remote learning. Even when the epidemic is ended, technology may be utilized to improve offline class activities.
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As a senior history teacher, shouldn't he be more aware of China's history and culture? How can the good education provided by the state be so wasted to act humiliating to the country and wantonly preach things that are inconsistent with history, which makes people unable to imagine a concern People in history are so concerned about the Xuzhou Eight-Child Incident! Distorting the facts, using hot events to hype and smear, this has always been the usual tactic of overseas anti-China forces. The truth of this incident has been revealed, and those who made mistakes are punished, but there are always people who want to mislead the people who do not know the truth into their traps. In order to gain everyone's attention, the most severe measures should be taken to combat these people. People who know right from wrong will also despise such despicable people
The senior history teacher is very aware of China's history and culture, steeped in suppression and oppression, at least for Westerners, rather than the famous Chinese culture of harmony, righteousness, honesty, and filial piety.
What is Chinese professed culture?Chinese professed culture celebrates the Chinese contributions to the world in the areas of ceramics, architecture, music, literature, martial arts, cuisine, visual arts, philosophy, and religion.
Philosophically, the Chinese speak of harmony, benevolence, righteousness, courtesy, wisdom, honesty, loyalty, and filial piety.
But something that is missing in any discussion of Chinese culture is individual liberty. Outsiders understand that China is a populous nation, perhaps, too difficult to be organized under other government systems other than Communism.
In the spirit of Communism, instead of Elitism, the Chinese authorities should help the individual citizens, notwithstanding their gender, to be accorded civil liberties, fundamental to human existence.
Thus, the Chinese people should realize that outsiders have not ganged up against them, rather they want to see improvements in upholding human rights, as culture is not all about arts but human life.
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To overcome anxiety about asking questions in class, you should remember you are
not alone and aim to build on others' questions.
True or False
Answer:
true
Explanation:
Answer:
that is true
Explanation:
Please discuss why an organization might choose one MNE business strategy over another. Does the strategy ever change? Explain.
Not all multinational corporations employ the same business strategy due to the range of sorts of multinational companies, which vary in industry, size, and other factors such as location, products offered, etc.
How to explain MNE?Business professionals frequently need to find strategies to adapt to the cultures and civilizations in which they operate and conduct business in order to achieve sustained global business development.
The advantage of multinational enterprises (MNEs) as an institutional form for regulating cross-border transactions, the chance to integrate knowledge from various geographic sources, and the necessity of striking a balance between efficiency, flexibility, and learning priorities are all discussed in the MNEs' strategy.
Therefore, it should be noted that multinational corporations employ the same business strategy due to the range of sorts of multinational companies, which vary in industry, size, and other factors such as location, products offered, etc.
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35. A listing contract that spells out terms and conditions for the seller and broker is what type of agreement?
A listing contract that spells out terms and conditions for the seller and broker is a Written or Expressed agency agreement.
Express agency is an agreement that is signed in writing and is made between the principal and the agent. The contracts give the agent authority granted by the principal through an agency agreement.
An Express agency is a real agency established by a verbal or written agreement between the agent and the principal. The Principal hereby appoints the Agent hereunder to act as the Principal's agent. An express agency, for instance, is a documented listing agreement between a broker and a real estate seller. An agency agreement outlines the conditions of the agency, including what the agent is allowed to do and how much is paid for the agent's services. The agreement also grants the agent the power that the principal specifies, such as the only able to act in her place.
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The cost structure of a business model
The cost structure of a business model describes all costs incurred to operate your business model.
The term business model refers to an organization's plan for developing an income. It identifies the products or services the commercial enterprise plans to promote, its diagnosed goal marketplace, and any predicted charges. industrial organization fashions are important for every new and installed company.
In its handiest form, a business model offers facts approximately a corporation's target marketplace, that market's wishes, and the role that the company's products or services will play in the assembly of the needs of the one. corporation version innovation, then, describes the approach in which an agency adjusts its commercial enterprise model.
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Which is true of a health savings account but not a flexible spending account?
A You can use it to pay for prescription medicines.
B You can use it to pay for over-the-counter medicines.
C You must spend the money in it within a certain period of time.
D You can get the account only if you have a health insurance plan with a high deductible.
The correct answer is A. In case of health savings account (HSA) you can use it to pay for prescription medicines.
Without incurring any federal tax burden or penalties, HSA funds can be used whenever necessary to cover eligible medical expenses. Since early 2011, over-the-counter pharmaceuticals could not be purchased with an HSA without the need for a prescription from a physician; however, effective of January 1, 2020, this restriction has been removed. The treatment of withdrawal for non-medical expenses is quite similar to that of withdrawals from an individualized retirement account (IRA), in that they may result in tax benefits if made after retirement age and penalties if made before. A part of consumer-driven healthcare is the accounts.
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Which of the following is NOT a position in the Administrative Support pathway?
Receptionist
Teacher
Administrative Assistant
Medical Transcriptionist
The teacher is the position that is not found in the Administrative Support pathway.
What is the Administrative Support pathway?This is the term that is used to refer to all of the occupations that can help to facilitate the different operations that would be done in an organization that would have to do with a variety of duties that may involve the communication and the information centers, the duties of processing data and its collection and all that has to do with the tracking of projects.
Hence we would say that The teacher is the position that is not found in the Administrative Support pathway.
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Gull Corporation, a cash method, calendar year C corporation, was formed and began business on November 1, 2021. Gull incurred the following expenses during its first year of operations (November 1, 2021–December 31, 2021): Expenses of temporary directors and organizational meetings $21,000 Fee paid to state of incorporation 3,000 Expenses for printing and sale of stock certificates 11,000 Legal services for drafting the corporate charter and bylaws (not paid until January 2022) 19,000 Question Content Area Round the per-month amount to two decimal places. Round the final answer to the nearest dollar.
a. Assuming that Gull Corporation elects under § 248 to expense and amortize organizational expenditures, what amount may be deducted in 2021? Gull Corporation's deduction for 2021 is?
b. Assume the same facts as above, except that the amount paid for the legal services was $28,000 (instead of $19,000). What amount may be deducted as organizational expenditures in 2021?
1. If Gull Corporation elects under § 248 to expense and amortize organizational expenditures, the amount that may be deducted in 2021 is $54,000.
2. If Gull Corporation elects under § 248 to expense and amortize organizational expenditures, the amount that may be deducted in 2021 is $63,000.
What are organizational expenses?Organizational expenses are those incurred when a company is being set up or created.
The law allows corporations to expense their organizational expenses in the year they are incurred.
However, a corporation with a limited life can elect to amortize the organizational expenses for the life of its duration.
Data and Calculations:Expenses of temporary directors and organizational meetings $21,000
The fee paid to the state of incorporation 3,000
Expenses for printing and sale of stock certificates 11,000
Legal services for drafting the corporate charter and bylaws (not paid until January 2022) 19,000
Total organizational expenses = $54,000
Thus, Gull Corporation's deduction for organizational expenses for 2021 is $54,000 or $63,000 as the case may be.
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Imagine you have been hired as the first HR manager at a small start-up business. You learn that the owner, who interviews all job candidates, believes that structured, skills-focused interview questions are "boring" and "not cool How would you advise this person about the selection process?
Answer:
Explanation:
Answer.
What is a selection process?
A selection process involves screening, selection, hiring of a candidate who could fulfil the job requirements and accomplish the given tasks and duties in the organization.
This selection process may involve different types of interviews like structured, skills-focused, unstructured which are used by different interviewers depending upon the needs of the job and their organizations.
How a selection process can be taken up under the given scenario?
Selection process of every organization differs from another and selection of interview type and whole process of selection also differs from one interviewer to another.
This states selection process and interview type are both subjective in nature and there is no fixed rule which applies over here.
But in order to conduct a selection process an interviewer must follow some important points which includes-
1. Nature of job
The most important thing which comes in a selection process is studying the nature of the job. If the interviewer does not know what is the job all about. how will he conduct the selection process?
Without knowing about the nature of the job and its requirements, interviewer cannot decide the correct interview pattern and methodologies to be followed during the whole process, which means understanding the nature of job is very important.
2. Type of organization
Another important thing to be kept in mind is understanding and analysing the type of organization, interviewer is conducting the selection process.
Example.
A manufacturing company may follow different selection process when compared with a company engaged in providing customer services.
3. Be situational
An interviewer must be situational and respond to the things as they arise. He must have innate abilities to analyse the situations and act accordingly so that a best candidate is selected and organization's motive gets fulfilled.
Example.
Every candidate has his/her own personality and way of thinking and therefore this must be analysed well by the interviewer as he cannot follow same interview approach with everyone and therefore he must understand the behavior of the candidate, see the other job requirements and accordingly ask questions which are valid.
Conclusion
Selection process is a subjective concept which means no organization can apply the same set of procedures and rules in a uniform manner and adopt a standardised method and process of selecting the candidates.
But there are some important considerations which an interviwer must keep in mind during the selection process and hire the best choice for the company.
Identify which item belong on the statement of retained earnings
The first item belong on the statement of retained earnings is the ----beginning balance of retained earnings you are carrying over from the previous reporting period
What belongs on a statement of retained earnings?
Similar to other financial statements, a retained earnings statement can be structured as an equation. Which leads with the retained earnings reported from beginning of the period. Then, it's lists balance adjustments based on changes in net income, cash dividends, and stock dividends.
Why retained earnings are liabilities?
Retained earnings are actually based on a liability to a company because they're a sum of money set aside to pay his stockholders in the event of a sale and buyout of the business.
How are retained earnings used?
Retained earnings might be used to pay additional dividends, finance business growth, and invest in a new product line, or even pay back a loan. Many companies with a healthy retained earnings balance would try to achieve the right combination of managing shareholders happy while financing the business growth.
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Complete Question
Identify which item belong on the statement of retained earnings
(A) Retained earning and cash
(B) Dividends and account payable
(C) Retained earning and dividends
(D) Service revenue and Wages expense
At the market close on May 12 of a recent year, Sherman Corporation had a closing stock price of $110. In addition, Sherman Corporation had a dividend
per share of $5.39 during the previous year.
Sherman Corporation's dividend yield is 4.9%.
What is the dividend yield?The dividend yield is the financial ratio that explains the percentage of a company's share price paid out in dividends annually.
Investors calculate the dividend yield to evaluate the potential investment company's ability to meet their financial needs, depending on their return expectations.
Some investors favor dividend-paying investments to maintain their financial strength. Some other investors value investment growth more than dividend payments.
The formula for Dividend yield is Dividend per share divided by the current share price per unit, multiplied by 100.
Data and Calculations:Stock price = $110
Dividend per share = $5.39
Dividend yield = 4.9% ($5.39/$110 x 100)
Thus, Sherman Corporation's dividend yield is 4.9%.
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Question Completion:Determine Sherman Corporation's dividend yield. (round to one decimal place)
most managers are mba graduates. no mba graduate is a ceo. all ceos are managers.
Claims 1 and 3 are consistent with the information that has been presented. Therefore, the solution that you should choose is option 3.
Only 2 follow Option C
This is further explained below.
What is MBA?Generally, Given the fact that no MBA graduate now holds the position of CEO, this demonstrates that statement 4 does not follow the information that has been shown, however, statement 3 does follow the information that has been presented.
Now, it is common knowledge that all CEOs also have managerial positions, but this does not necessarily imply that all managers also hold CEO positions. Therefore, assertion 2 does not make sense in light of the evidence presented.
Since we are aware that the vast majority of managers have an MBA degree, this lends credence to the assertion that some MBA graduates hold managerial positions. Therefore, it is safe to argue that assertion 1 is supported by the data presented here.
In conclusion, claims 1 and 3 are consistent with the information that has been presented. Therefore, the solution that you should choose is option 3.
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complete question is attached below
Compare the major antitrust acts of the united states. specify the intent and purpose of each, and draw conclusions about their effectiveness.
The Sherman Antitrust Act, the Clayton Act, and the Federal Trade Commission Act are the three main federal antitrust laws.
All agreements, coalitions, and plans that unjustly restrict domestic and international trade are forbidden by the Sherman Act. This involves agreements between rivals to fix pricing, rig bids, and allocate clients, all of which are considered felonies and subject to harsh penalties. A civil law known as the Clayton Act forbids mergers and acquisitions that are likely to reduce competition. In accordance with this Act, the Government opposes mergers that are likely to raise consumer prices. The Antitrust Division and the Federal Trade Commission must be notified by anyone seeking a merger or purchase of more than a specified size. Although this Act forbids unfair business practices in interstate trade, there are no corresponding criminal sanctions.
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What is the second step in the five steps of problem solving?
The second step in the five steps of problem solving is Generate possible solutions.
What is problem solving?Problem solving can be described as the process of finding solution to a particular problem most especially in business as well as organization problems.
It should be noted that these steps encompass some steps such as :
defining a problem determining what cause of the problem identifying the problem prioritizing the problem selecting alternatives for a solution implementing a solution.We can conclude that second step in the five steps of problem solving is Generate possible solutions because this bis very necessary so that the problem can be solved easily.
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What risks do organizations face when dealing with international finance activities?
The risks organizations face when dealing with international finance activities political risk, Market risk, and foreign exchange risk.
What is Risk?Risk refers to an event of uncertainty that can occur and damage the likelihood of the business. This is refer to any exposure to harm or danger which affects the operations.
When organizations deal with international finances they faced risks related to political changes which include a change in the policy of the government.
It includes foreign exchange risk, which can cause a decrease and increase in the profit of any organization due to fluctuations in the currency of any country.
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What is India comparative advantage in global competition
India has also maintained its comparative advantage in exporting pharmaceuticals and a wide range of manufactured goods over the past two decades. Although the criteria for becoming a manufacturing hub are changing, some manufacturing industries are likely to remain relatively unspoiled.
Manufacturing is the creation or production of goods using equipment, labor, machines, tools, and processing or chemical or biological formulations.
This is the nature of the secondary sector of the economy. The term can refer to a wide range of human activities, from craft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transferred. change. finished products on a large scale.
These goods may be sold to other manufacturers to produce other more complex products (such as airplanes, home appliances, furniture, sports equipment, or automobiles) or distribution through the tertiary sector to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then resell to individual customers)
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Property Insurance Company is a new property insurer. The company is growing rapidly because of a new home-owners policy that combines traditional homeowner coverages with insurance that pays off the mortgage if the insured dies or becomes totally disabled. Premiums writ-ten have increased substantially; new agents have been hired; and the company is considering expanding into additional states. However, its growth has been hampered by statutory accounting rules that require an insurer to write off immediately its first-year acquisition expenses but do not allow full recognition of premium income until the policy period has expired. In this case, explain how reinsurance will enable Property Insurance to continue to grow in an orderly fashion.
Answer:
Explanation:
According to collect from the data
Let us assume that the data as followed by
When it comes to homeowner's insurance, there's no such thing as an option. It's not just for safety's sake; it also helps keep your family protected. Every lender wants to see proof of insurance coverage for the full or fair market value of a home (usually the purchase price) before they can issue or finance a mortgage or residential real estate transaction. Many landlords require renters to get renter's insurance, even if they don't own a home. Having this level of security is a good idea whether or not it is required. We'll go through the basics of homeowner's insurance coverage today.
Policies for homeowners frequently cover both the interior and exterior of a property, as well the loss or theft of private items and the owner's personal liability for third-party damage. In terms of coverage, the three primary options are: actual cash value (ACV), replacement cost (RCC), and combined ACV/RCC. If you submit a claim, your insurer determines how likely it is based on your claim history, the neighbourhood, and the current state of your home. When looking for insurance, seek quotes from at least five different companies and check with any insurers you already work with to see if they can offer you a better deal.
Tapas are savory Spanish small meals or appetizers. If tapas are normal goods and
consumers' incomes increase, what other type of change -- occurring at the exact same time
as the increase in consumers' incomes -- can cause the market price of tapas to increase, but
have an indeterminate effect on the market equilibrium quantity of tapas?
Answer: A Decrease in the number of tapas sellers
Explanation:
For the current year, the maximum percentage of Social Security benefits which might be included in a taxpayer's gross income is?
For the current year, the maximum percentage of Social Security benefits which might be included in a taxpayer's gross income is 85 percent
The maximum amount of Social Security payments that any household is required to pay as income tax under current law is 33.7 percent. That amount is the result of multiplying the highest marginal income tax rate (which is 85%) by the maximum amount of benefit income that is taxable (39.6 percent).Do you include Social Security income in your gross income?
In addition, regardless of your filing status, half of your Social Security benefit plus all of your adjusted gross income plus all of your tax-free interest and dividends are included in your gross income in any given year.To Learn more about Social Security benefit, Click the links.
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All of the following characteristics would describe entrepreneurs, except
Answer: risk-averse
Explanation:
On March 1, ABX Company’s assets are $100,000 and its liabilities are $30,000. On March 5, ABX is fined $15,000 for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABX?
The amount of the stockholders' equity for ABX immediately after paying the fine for failing emission standards of $15,000 is $55,000.
What is stockholders' equity?stockholders' equity represents the interest of the owners in the entity.
stockholders' equity value is calculated as the difference between the company's assets and liabilities.
Data and Calculations:Assets = $100,000
Liabilities = $30,000
Equity before fine = $70,000 ($100,000 - $30,000)
Emission Fine = $15,000
Equity after paying the fine = $55,000 ($70,000 - $15,000)
Thus, the amount of the stockholders' equity for ABX immediately after paying the fine for failing emission standards of $15,000 is $55,000.
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