Answer:
B. XYZ Escrow did not maintain the records and files of its clients. Due to poor record keeping, several accounts at XYZ were overdrawn.
Explanation:
An Escrow business is one in which an individual enters into a contract with another person whereby he is expected to hold a valuable material such as money, the documents of a real estate property, jewelry, etc., until an agreed event occurs. In running this business, it is very important that a written contract is signed by both parties, and that accurate records of materials that are deposited and their owners are maintained.
Failure to do that would result in the closure of the business as in the case of XYZ Escrow. This is because the organization would be unable to account for the valuables and money deposited, and so, Escrow accounts can be overdrawn.
Kegan borrows $78 from his sister. He will pay her back over a 4-week period. If he pays the
same amount each week, how much will he have paid back after the third week?
Answer:$58.50
Explanation:
You start by dividing the total amount by the total number of weeks. So, 78/4= 19.50 x 3 weeks. $58.50 after the third week.
During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned $35,000 of revenues and incurred $23,000 of expenses. A cash dividend of $2,000 was paid to Anthony. At the end of the year, the company's equity totaled:__________.a. $13,000b. $15,000c. $25,000d. $75,000
Answer:
Company's equity = $25,000
Explanation:
Given:
Amount invested = $15,000
Earned Revenue = $35,000
Expenses = $23,000
Cash dividend = $2000
Find:
Company's equity
Computation:
Company's equity = $15,000 + $35,000 - $23,000 - $2,000
Company's equity = $25,000
Perfect Roofing Company receives a check from Quik Mart for fixing its roof, and indorses the check to Repair Supplies, Inc. (RSI) for materials previously supplied. Sam, RSI's owner, gives the check to Todd as a gift. In this situation, the party who is not an HDC of the check but who acquires HDC rights under the shelter principle is: a.Quik Mart. b.Perfect Roofing. c.Sam. d.Todd.
Answer:
d.Todd
Explanation:
In commercial law, a holder in due course (HDC) is the person or entity that has the legal right to collect payment. In this case, Todd wasn't even involved in the original transaction and might have never even heard of Perfect Roofing or Quick Mart, but he received a valid instrument as a gift from Sam. Under the shelter principle, the fact that Todd received the instrument from Sam in a legal way, qualifies him as an HDC.
A company's ________ tells you how much money the company has left over after subtracting all expenses. A. Net profit B. Gross profit C. Revenue D. Cost of goods sold
Answer:
A. Net Profit
Explanation:
Answer:
Net Profit (A)
Explanation:
Edge 2021
One of the biggest advantages of corporations is that investors cannot be held personally responsible for the debts of the business. This is the concept of _______.
Answer:
Limited liability.
Explanation:
A limited liability company (LLC) is a type of legal hybrid-business structure that can combine both partnership and corporation form of business, and the owners are only responsible for its debts with respect to the amount of capital they have invested. The first formal LLC statute was enacted by Wyoming in 1977 based on the Panamanian LLC and the 1982 German Code.
The operating agreement of a limited liability company establishes the company's method of management, allocation of profits and losses among members, member's rights and responsibilities, restrictions on the transfer of membership interests, voting power, and the process to be followed in dissolving the company.
One of the biggest advantages of corporations is that investors cannot be held personally responsible for the debts of the business. Hence, this is the concept of limited liability.
In conclusion, a limited liability company (LLC) refers to a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested.
External________ lead to an overallocation of resources to the specific economic activity. Two possible ways of correcting these spillovers are_______ and________.
Answer:
costs
regulation
taxation
Explanation:
A good has external cost or negative externality if the costs to third parties not involved in production is greater than the benefits. It leads to over allocation of resources to a specific economic activity.
An example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced.
Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
Which of these tasks can be accomplished when the drop-down menu of the Bullets icon is clicked? Check all that
apply.
Indent the ideas in the bulleted list.
Change the number level of the list.
Choose the bullet to be used in the list.
Define the new bullet to be used in the list.
Pick the number format to be used in the list.
The task that should be achieved at the time when the drop-down menu of the bullet icon should be clicked is
Select the bullet i.e. applied in the list.Define the new bullet applied.For drop-down the menu when the bullets icon should be clicked, the task should be
Select the bullet.And, defined the new bullet.The other options should be ignored.
Learn more about the bullet here: brainly.com/question/6669700
Answer:
C. Choose the bullet to be used in the list.
D. Define the new Bullet used in the list.
Explanation:
Got them right on edge
Seal Polymer Industries (SPI) sold two freight containers of latex gloves to Med-Express, Inc., a company based in North Carolina. When Med-Express failed to pay the $104,000 owed for the gloves, Seal Polymer sued in an Illinois court and obtained a judgment against Med-Express. Med-Express argued that it did not have minimum contacts with Illinois and therefore the Illinois judgment based on personal jurisdiction was invalid. Med-Express stated that it was incorporated under North Carolina law, had its principal place of business in North Carolina, and therefore had no minimum contacts with Illinois. Can SPI sue Med-Express in an Illinois court? Why or why not? Which statute (rule) applies here? Be specific, as there is a right answer here.
Answer:
Can SPI sue Med-Express in an Illinois court? Why or why not? Which statute (rule) applies here?
Yes, SPI can sue Med-Express in an Illinois court due to the minimum contacts doctrine. This is an actual court case that the North Carolina Court of Appeals ruled in favor of SPI. The minimum contacts rule states that in order for a business to be sued in another jurisdiction it must have maintained minimum contacts with residents of that state. Minimum contacts may include making business with individuals or companies that reside in the other state, visiting the other state or incorporating in the other state. In this case, Med-Express made business with SPI, and SPI is a resident of Illinois.
Yes, Seal Polymer Industries (SPI) can sue Med-Express in an Illinois court under the condition of minimum contact rule, as Med-Express has traded with SPI earlier which is a minimum contact.
What was SPI and Med-Express case in Illinois courts?Med-Express purchased two freight containers of latex gloves from Seal polymer industries and did not paid the amount for that. SPI sued Med-Express, in the Illinois court and asked for the recovery of its money.
Seal polymer industries can sue Mid-Express in the Illinois courts itself under the minimum contact condition of Minimum contact doctrine as they have traded before.
Therefore, Yes, the Seal polymer industries can sue Mid-Express in the Illinois court under the minimum contact rule.
Learn more about the Illinois court case, here,
https://brainly.com/question/7989993
True or False: Your local floral shop has finally decided to implement a social media marketing strategy. You would be wise in telling them to start marketing on all of the social media platforms.
Answer: False
Explanation:
There are multiple steps involved in the implementation of a social media marketing strategy which is why once it is implemented, it would be unwise to immediately start to advertise across all social media platforms.
The floral shop should begin by setting goals it hopes to acheive with this kind of marketing, then ascertain its targets and analyse the competition to learn how they go about social media marketing.
Once these (and a couple of others depending on the business) are done, decide which platforms will best serve the shop and start creating and posting good content.
Bit rate can be scaled down by reducing the resolution and applying ____________ techniques. question 26 options:
Answer:
compression
Explanation:
Bit rate refers to the size of an electronic object that is created digitally. As for example 2 kb, 4 mb for an image or document or video, etc:
Further the size can be reduced if the image is cropped, or the resolution is decreased.
By cropping the bite rate is reduced as now the object is smaller, or in case compression technique is used, the object tends to reduce in size again.
The resolution being hd or non-hd helps to reduce the size too.
ALFA Electronics has been trading around 70. A customer tells his registered representative that if 1,000 shares of the stock can be purchased in a single attempt, the customer will take it. If not, the customer is not interested and the order should be canceled immediately. How should the representative enter this order
Answer: A)1,000 ALFA FOK at 70
Explanation:
From the question, we are informed that ALFA Electronics has been trading around 70 and that a customer tells his registered representative that if 1,000 shares of the stock can be bought in a single attempt, the customer will take it and if not, the customer is not interested and the order should be canceled immediately.
Tge representative should enter this order as 1000 ALFA FOK at 70. It should be noted that a fill-or-kill (FOK) order showss that a customer wants an order to be filled at once in its entirety or the order will have to be canceled.
what to nations and businesses use to see how much producing some good will cost them in terms of not producing other goods
Answer:
Countries use the production possibilities schedule and the production possibilities frontier. (PPF)
Explanation:
These are theoretical and practical tools that are used to determine the opportunity cost incurred when choosing production alternative betwen two or more goods.
In the PPF in particular, good x (for example, sugar) is shown in the x axis, and good y (for example, butter) is shown in the y axis. A curve can be drawn, that illustrates the production possibilties between the two goods: for example, a country can produce either 200 units of sugar and 100 units of butter, or 200 units of butter, and 100 units of sugar.
The points on the curve are efficieny points: production quantities in which all available resources and being utilized efficiently.
Points inside the curve are inefficient: they represent output that is produced with available resources being used inefficiently.
And points outside the curve are unattainable because of lack of resources.
As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your point more effective. Proofreading Evaluating Editing
Answer:
The correct answer will be "Editing".
Explanation:
Editing seems to be the process where even the letter being written is reconstructed or reconfigured to more efficiently express the letter. Arranging, modifying, as well as assembling a recorded, written, or video content for official completion, commonly by such an individual except for the producer of the content (considered as an editor).The other options in question aren't relevant to the particular circumstance. So the option available here is just the right one.
Jeff deposits $3,000 into an account which pays 5 percent interest, compounded annually. At the same time, Kurt deposits $3,000 into an account paying 3 percent interest, compounded annually. At the end of three years:________ 1) Kurt will earn exactly twice the amount of interest that Jeff earns. 2) Kurt will have a larger account value than Jeff will. 3) Kurt will have a smaller account value Jeff will. 4) Jeff will have more money saved than Kurt. 5) Both Jeff and Kurt will have accounts of equal value
Answer:
Kurt will have a smaller account value than Jeff will
Explanation:
The formula for calculating future value = A (B / r)
B = [(1 + r)^n] - 1
Jeff : $3000 x [(1.05^3 - 1 ) / 0.05] = $9457.50
Kurt :$3000 x [(1.03^3 - 1 ) / 0.03] = $9272.70
Jeff would have a higher account value than Kurt
After an impairment loss is recognized, the adjusted carrying amount of the intangible asset shall be its newaccounting basis. Which of the following statements about subsequent reversal of a previously recognized impairment loss is correct under U.S. GAAP?a. It is prohibited.b. It is required when the reversal is considered permanent.c. It must be disclosed in the notes to the financial statements.d. It is encouraged, but not required.
Answer:
A, it is prohibited
Explanation:
Under the U.S GAAP, subsequent reversal of a previously recognised intangible asset impairment loss is prohibited with the exception that the intangible asset is held up for the purpose of sale.
Cheers.
Megan purchased a new vehicle for $40,000. She put $5,000 down and financed the $35,000 balance over 5 years. What is the impact of this transaction on her net worth?
Answer: c. Her net worth remains the same.
Explanation:
Her Net worth would be her assets less her liabilities.
Her added Assets would be the new vehicle less the amount she put down for it as this would reduce her cash holdings.
Her added liabilities would be the amount she owes from buying the car
= Net Assets - Liabilities
= ( 40,000 - 5,000 ) - 35,000
= $0
The addition to her Net Worth is zero so her net worth remains the same.
Current liabilities are those obligations that are payable within ______ or the operating cycle whichever is ____.
Answer: one year; longer
Explanation:
Current liabilities are those obligations that are payable within one year or the operating cycle whichever is longer.
Current Liabilities are debt that a company owes that are due usually within a year but if the operating cycle of the business is longer then current liabilities will be those owed for the operating cycle.
Examples include; Accounts Payable, Interest payable, Income taxes payable and bank overdrafts.
An alumni association for a local university was started 12 months ago and has 150 members. Assuming the association has by-laws and a constitution and plans to meet annually, when can it buy group insurance for its members?
Answer:
in order for the association to be able to purchase group insurance it must be active for at least two years.
Explanation:
Besides the two year period, the association must also have more than 100 active members (this one has 125), have by-laws (they have them), meet at least once a year (they plan to do so), and have a legal constitution (they have it). If everything goes as planned, this association should be able to purchase group insurance in one year.
In the video "Demonstrating Time Management," while Angie and Mandy are having a conversation, Cindy enters, looking for food because she didn't have time to go to lunch. What should Cindy have done
Answer: the one that's circled
Is the answer
Explanation:
Which is the best measurement to use to determine who might have the absolute advantage?
high opportunity cost
low opportunity cost
low efficiency
high efficiency
Answer:
low opportunity cost
Explanation:
Opportunity cost is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.
Low opportunity cost: The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.
Answer:
High Efficiency
Explanation:
Edge 2021
my birthdays coming up... what should I ask for since everyone is asking :/
Answer:
a ps5 or xbox or switch or pc
Explanation:
cause gaming
The Earth’s surface is divided into __________ continents and __________ oceans.
Answer:
The Earth is divided into 7 continents and 5 oceans
Explanation:
hav a nice day
Happy if i get brainlest
Answer:
7 continents
5 oceans
Explanation:
Continents: Africa, Asia, Europe, Australia, North America, South America, and Australia
Oceans: Atlantic, Pacific, Indian, Arctic, and Southern (Antarctic)
You are offering a job at a salary of $40,000 per year. The cost of annual health insurance for this person is $1,200 per month. If the company will pay for 75% of this cost, what is the annual cost to the employee
The annual cost to the employee is $40,800
Given that,
You are offering a job at a salary of $40,000 per year. The cost of annual health insurance for this person is $1,200 per month.
Calculation of the annual cost:= 75% of ($40,000 + ($1,200 × 12))
= 75% of ($40,000 + $14,400
= 75% of $54,400
= $40,800
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A __________ processing system is the basic business system that serves the operational level (analysts) and assists in making structured decisions?
Answer:
operating? ndnd
Explanation:
Which activity involves collection of project information, analysis and evaluation of the collected data, and presentation and communication of the information?
Answer:
Monitoring
Explanation:
Monitoring is the activity that involves collection of project information, analysis and evaluation of the collected data, and presentation and communication of the information. It is the process of gathering, keeping track record and reporting information relating all project performance features which the Project Manager (or other assigned administrator in the organization) wants to know about. The process of monitoring is totally different from Controlling (it compares the planned and monitored performance of project) and Evaluation (quality and effectiveness based judgement).
Quality control, quality assurance, and total quality management are all part of the _____ management viewpoint.
Answer:
Quality
Explanation:
Quality control, quality assurance, and total quality management are all part of the quality management viewpoint.
Benito's family is thinking of relocating from Los Angeles to Oakland to save money. They set up a budget comparing the cost of living for both cities. Oakland Los Angeles Budget Item Cost Cost Housing $565 $1200 Food $545 $655 Health Care $245 $495 Taxes $450 $625 Other Necessities $350 $495 Monthly Total How much money will they save monthly by the move to Oakland? $1315 $1560 $1665 $1765
Answer:
Total monthly saving = $1,315
Explanation:
Given:
Oakland Los Angeles
Cost Housing $565 $1200
Food $545 $655
Health Care $245 $495
Taxes $450 $625
Other Necessities $350 $495
Find:
Total monthly saving
Computation:
Saving in house = $1200 - $565 = $635
Saving in food = $655 - $545 = $110
Saving in health care = $495 - $245 = $250
Saving in taxes = $625 - $450 = $175
Saving in necessities = $495 - $350 = $145
Total monthly saving = $635+$110+$250+$175+$145
Total monthly saving = $1,315
Answer:
A) $1,315
Explanation:
I took the test on Edge
The most significant challenge in international accounting for American
companies is ____?
A. managing multiple currencies
B. implementing cloud computing
C. following GAAP
D. complying with the Sarbanes-Oxley Act
Answer:
A
Explanation:
I just got it wrong and it told me it’s A
When Track Changes has been used to edit a document, any insertions are _____.
Answer:
hidden
Explanation:
Which of these producer activities did you participate in this week? Check all that apply.
U
I served people at a restaurant, hotel, coffee shop, or other business.
I worked in a bank, library, or retail store.
I created art to be sold in an art show
I made a product
I did yard work or other chores for pay.
Answer:
2nd and 4th
Explanation:
Answer:
2 and 4
Explanation: