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Study Resources (Business Law)

Question Juan is the office manager and payroll clerk for his company, composed of 12 employees. An employee, Joe, stops by Juan’s office and wants to view his payroll record. What privacy regulations must Juan consider before granting his coworker access? A. The Privacy Act of 1974 B. Equal Pays Act.
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Question In most cases, what is the minimum requirement for an organization to obtain tax exempt status? a. obtain 501(c)(3) status from the federal government. b. receive at least $5000 in annual revenue c. publicly declare its intent to pursue charitable activities d. have articles of association that define the scope of the organization .
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Question A lease can BEST be described as follows: a. A contract to rent, then purchase the asset at the conclusionof the lease term. b. An informal contract between the seller and the buyer of theproperty. c. A contractual agreement between a lessor and a lessee givingthe lessee the right to use specific property,.
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Question A manufacturer of snowshoes has received an unusually large contract to deliver snowshoes to a new and very creditworthy customer. The business will need an additional loan to fund its production for this contract. It will take approximately three months to manufacture the inventory to fulfill this contract. Which of.
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Question Labor Relation Questions 1. Which of the following organizing strategies by unions has not been tested in the courts? A. Attempting to change the law to make it easier to unionize. B. Using public demonstrations to pressure companies to recognize unions without an election. C. Negotiating neutrality and card-check agreements with employers whereby employers.
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Question Kyle Bruno enters a contract with X Entertainment to be a stuntman in a movie. Bruno is widely known as the best motorcycle stuntman in the business, and the movie to be produced, Xtreme Riders, has numerous scenes involving high-speed freestyle street-bike stunts. Filming is set to begin August 1.
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Question In Year One, the Yankee Corporation allegedly damaged the Sox Corporation. The Sox Corporation sued the Yankee Corporation for $1 million. At the end of Year One, both companies believed that an eventual payment of $300,000 by Yankee was probable, but a payment of $480,000 was reasonably possible. The case.
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Question EXTRA CREDIT: Under the Sarbanes-Oxley Act of 2002, which of the following are true? A. While performing an audit, an accountant may accumulate working papers and the client has the right to access those papers. B. An accountant's working papers should be maintained forever. C. Working papers belong to the client and are the client's property. D. None.
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Question In a telephone conversation with a sales representative of a linen company, the manager of a hotel ordered $1,000 worth of sheets. Following the conversation he wrote a memo to file documenting the agreement, initialed it, and sent a copy to the sales representative. A dispute arose between the parties.
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Question John is a new accountant in a boutique firm specializing in corporate restructures Corp solve. He graduated two years ago. One of the senior partners gives him a file to work on and says….’ these are old clients of ours and they have several companies running three different businesses, vegetable.
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Question Karen owns depreciable residential rental real estate that hasaccumulated depreciation (all from straight-line) of $45,000. IfKaren sold the property, she would have a $33,000 gain. The initialcharacterization of the gain would be under which section?Explain. .
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Question Betty Buyer discovers that the pin she bought Sally Seller is not a ruby as Sally had represented. She believes that Sally's misrepresentation was innocent, but she wants to get her money back. The contract remedy Betty should seek is Rescission Specific performance Reliving Consequential damages .
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Question 1. Which of the following entity types cannot become a 501(c)(3)? a. A Delaware LLC b. A Partnership c. An Illinois Corporation d. A Charitable Trust 2. Which of the following is most likely true about an Unincorporated Association that was a 501(c)(3)?a. It was formed by filing its Charter with the applicable Secretary of.
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Question In 2012, three friends (Amy, Lee and Chu) incorporate Bold FreshPty Ltd to operate a retail fashion shop that specialized inselling the latest trendy fashion designs. Amy and Lee each held45% of the issued shares in the company and Chu held the remaining10% of the shares. The company’s constitution stated.
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Question Bob Corporation entered into a contract to sell parts to Zeck. The contract provided that the goods would be shipped "FOB Bob's warehouse." Bob shipped parts to Zeck that were stolen from the carrier. When Zeck checked the invoice, Zeck discovered that Bob had sent Model #20B instead of Model.
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Question In which countries would you expect companies to have the lowest leverage ratios? Countries with very high tax rates Countries that tend to subsidize key industries and protect them from failure Countries where creditors have very strong legal protection Countries where the market value of companies is high compared to.
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Question Business Law Case Breif http://caselaw.findlaw.com/us-5th-circuit/1507327.html Read though the case, then 1. case brief summarize 2. identify the issue, (one question) 3. what are the rules applied in this case, (use own words to identify) 4. analysis case and talk about how the rules applied, 5. what is the court decision.
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Question Alaw firm received $2,000 cash for legal services to be rendered inthe future. The full amount was credited to the liability accountUnearned Service Revenue. If the legal services have been renderedat the end of the accounting period and no adjusting entry is made,this would cause: Answer   expenses to be overstated.   net income to.
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Question A mobile phone company gives cusomers every hand set when they sign in a 2year contract for provision of network services .The stand alone price for handset is$100.The contractis for 120/month. Does delivery of handset constitutes a performance obligation or not if tjey sign 2 year contract. .
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Question Karen is a human resources consultant at a local utility.Originally, the work requested was project based. Karen was askedto develop training materials for an upcoming session on diversity.Cynthia, the human resources manager, was very happy with the workthat Karen did and asked her to work on some additional projects.Before everyone.
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Question Denver Technologies Corp. (DTC) is a provider of Information Technology services for small and medium companies in the Denver, CO, area. The company has a fiscal year end on June 30. On June 28 of this year, DTC was able to sign some three-year contracts to provide services for area.
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Question James clayton allision, a resident of mississppi was employed by the tru-amp corp as a circut breaker tester. As a part of his employement, allision was sent to inspect, clean and test a switch gear located at the South Central Bell Telephone Facility in Brentwood, Tennesse. One day when he.
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Question Lawrence is employed as an accountant for a large successful public corporation and he was promoted to work in the President’s Office, (the top CEO in the company). After a few months handling the “bookwork” in his new position, he noticed some unusual and fake entries that incorrectly altered the.
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Question 1.Arnold and Maria, who have two minor children, are divorcing. Maria will have primary custody of their two children, one of whom will turn 18 in 2018 and the other of whom will turn 18 in 2020. Arnold and Maria’s divorce instrument provides for an annual cash payment equal to.
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Question ISBN-13: 978-0-538-45399-8 The Legal Environment of Business Case: After reading Chapter 2, prepare your answer to the following questions, in a WORD document, and submit online into the D2l Discussion by clicking on Discussion on Court procedures -- Alfonso's vs Roberto's. To submit your answer, click on Start a New Thread. Enter.
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Question In determining the tax advantage of a current salary contractversus a deferred compensation contract, why is it useful to setthe contractual terms so as to hold on party indifferent to thechoice of the contract? Does it matter whether the employee oremployer is made indifferent between the two choices? .
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Question Judgment Case: A company may acquire property, plant, and equipment and intangible assets for cash, in exchange for a deferred payment contract, by exchanging other assets, or by a combination of these methods. 1) Identify six types of costs that should be capitalized as the cost of a parcel of land. For.
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Question ion manufactures precision surgical equipment for hospitals. It also provides training, installation, and maintenance. The installation and maintenance activities can be performed by other companies. However, these are unique pieces of equipment and only Kestral can provide the training. Training occurs at the time of installation. If the facility wants.
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