All categories

2 years ago

Café espresso is a coffee shop subject to the laws of illinois. in illinois, the highest-ranking (superior) law is

2 answers:

4 0

<span>Café espresso is a coffee shop subject to the laws of illinois. in illinois, the highest-ranking (superior) law is "</span>a provision in the Illinois constitution".

The present version of the Illinois Constitution was confirmed by exceptional or special election on December 15, 1970, and became effective on July 1, 1971. In any case, a few arrangements, for example, the adjustment in the dates for the election of constitutional officers, did not produce results for quite a long while.

VLD [36.1K]2 years ago

4 0

<span>So in the mentioned case the highest ranking law is a provision in the Illinois constitution in the state of Illinois. Here the provision is coffee from the CafĂ© Espresso. These laws are also called as session laws which include constitutional, statutory and also local law. The regulation and the judiciary law are also included in them.</span>

You might be interested in

Your local movie theater earns a total revenue of $40,000 per month when the price of a movie ticket is $8, and it earns a total

raketka [301]

Answer:

Inelastic

Explanation:

Elasticity of demand = percentage change in quantity demanded / percentage change in price

percentage change in quantity demanded =

35,000 - 40,000/40,000 = -0.125 = -12.5%

percentage change in price = $10 - $8 / $8 = 0.25 = 25%

Elasticity = -12.5%/25%= -0.5

Demand is inelastic because the elasticity of demand is a less than 1.

Elasticity of demand measures how quantity demanded changes when price change.

Demand is inelastic when a change in price has no effect on quantity demanded. Inelastic demand has a value of less than 1 .

Demand is elastic if a change in price has an effect on quantity demanded. Elastic demand has a value of more 1

Unitary elastic is when a change in price has the same proportional effect on a change in quantity demanded. Unitary elastic demand has a value of 1.

7 0

2 years ago

During the current year, Harold Company sold inventory costing $350,000 for a selling price of $675,000. Beginning balances of i

Len [333]

Answer: $351,000

Explanation:

Given that,

Cost of inventory = $350,000

Selling price = $675,000

Beginning balance of inventory = $86,000

Beginning balance of accounts payable = $116,000

ending balance of inventory = $94,000

ending balance of accounts payable = $123,000

Cash paid to suppliers:

= Cost of Goods Sold + Change in inventory - Change in accounts payable

= 350,000 + (94,000-86,000) - (123,000-116,000)

= 350,000 + 8,000 - 7,000

= $351,000

6 0

2 years ago

A wealthy customer has been asked by his neighbor to invest in the private placement of a "start-up" technology company as a ven

Ivanshal [37]

Options:

I because these securities are not registered with the SEC, such an offering would be illegal in the United States

II because the securities are not registered with the SEC, they can only be resold in the public markets if the company effects a registered primary distribution and is current in its SEC filings

III public resale of these securities can only occur if the customer holds the securities for 6 months "at risk" and then sells the securities in measured quantities

IV these securities can only be resold by the customer to underwriters that will buy the securities into their inventory and then register them with the SEC

Answer:

II because the securities are not registered with the SEC, they can only be resold in the public markets if the company effects a registered primary distribution and is current in its SEC filings

III public resale of these securities can only occur if the customer holds the securities for 6 months "at risk" and then sells the securities in measured quantities

Explanation:

Option I is wrong because this type of operations is completely legal, and they are called private placements.

Option IV is also wrong because the underwriters do not register the stocks with the SEC, the company must be public in order for it to be registered and their stocks publicly traded.

Option II is correct because you can privately resell the stocks, but the market is very limited.

Option III is correct because if the company does turn public, then the investor must hold the stocks for 6 months "at risk" (no puts purchased) before being able to sell them on public markets.

6 0

2 years ago

Main Street Antiques is planning on paying an annual dividend of $2.20 per share next year. The company is slowly downsizing and

goldenfox [79]

Answer:

The current value of this stock should be $20.

Explanation:

The current value of this stock should be calculated by applying the formula to find present value of growth perpetuity. The formula is shown as below:

Stock price = D1 / ( Rate of required return - Growth rate of annual dividend)

in which: D1 = next year dividend = 2.20;

Rate of required return = 8%;

Growth rate of annual dividend = -3%.

So, Stock price = 2.2 / [8% - (-3%) ] = $20.

So, the answer is: the current value of this stock should be $20.

5 0

2 years ago

An assembly line manager changes the times she observes behavior to determine rewards for workers. One day, she observed employe

vodka [1.7K]

Answer:

True she is using variable interval schedule

Explanation:

Variable interval schedule is a way to condition the operator by reinforcement after a given period of time ( the time of reinforcement is not fixed). The reinforcement time is on a changing and variable schedule.

In this instance assembly line manager Ched on the employees between 10 and 11 a.m, and the next day she checked on them in the last 15 minutes of the shift.

6 0

2 years ago