Answer:
An Executor will carry out the terms of a will after a person has passed away.
Hope that helps you. x
Brown Co. had current assets of $15,000, total assets of $30,000 and current liabilities of $9,000 at the end of the year. The current ratio for the period is:
Based on the information given the current ratio for the period is: 1.67.
Using this formula
Current ratio=Current Assets/Current Liabilities
Where:
Current Assets=$15,000
Current Liabilities=$9,000
Let plug in the formula
Current ratio=$15,000/$9,000
Current ratio=1.666
Current ratio=1.67(Approximately)
Inconclusion the current ratio for the period is: 1.67.
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Holly's salary is $80,000 per year. She contributes 10% of her salary to her 401(k) plan. Her employer contributes 5% of her salary to a profit share plan. She also contributes $2,500 per year to an IRA. Holly's savings ratio is
Based on the amount that Holly contributes per year, her savings ratio can be said to be 18.1%.
Savings RatioPercentage of annual salary that is contributed to retirement funds. Includes savings made by employer.Holly's savings are:
= (10% + 5%) of salary + Contribution to IRA
= (15% X 80,000) + 2,500
= $14,500
Savings ratio is:
= Savings / Annual salary
= 14,500 / 80,000
= 18.1%
In conclusion, savings ratio is 18.1%.
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William buys land for $40,000 cash. Ten years later, when the land has dropped in value to $30,000, William sells it to his wife Susan at its fair market value, $30,000. What are the income tax consequences to William of the sale to his wife
The income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.
Realized loss = Purchase cost - Sales cost
Realized loss = $40,000 - $30,000
Realized loss = $10,000
Hence, the income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.
Therefore, the Option A is correct.
Missing options includes "William realizes and recognizes loss in the amount of $10,000. William realizes and recognizes zero gain or loss. William realizes loss in the amount of $10,000 but does not recognize that loss. None of the above."
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On May 3, what is the balance of the Equipment Office account? A. Debit $5,090 C. Debut $4,400 B. Debit $690 D. Credit $5.090
Based on the balance on the account and the amount purchased, the balance on the Equipment office account was A. Debit $5,090.
The opening balance for the Equipment office account was $4,400 on May 1.
The store then purchased a calculator for the office on May 1 for $690. This will increase the Equipment office account by the same amount.
The balance would therefore be:
= 4,400 + 690
= $5,090
This balance would be a debit as this is an asset.
In conclusion, option A is correct.
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Jack went to the ABC Casino to gamble. ABC offers its customers one free spin of the Million Dollar Wheel if they fill out an application form. Jack filled out the form, spun the Million Dollar Wheel, and won. However, now ABC refuses to pay, claiming that because Jack did not purchase his chance at the Million Dollar Wheel, Jack gave no consideration and therefore, no contract was formed. Identify the accurate statement.
A. No contract was formed because Jack paid no money for his chance at the Million Dollar Wheel.
B. No contract was formed because ABC did not sign any written contract as an obligation to do so.
C. A contract was formed because filling out an application can constitute legal consideration.
D. A contract was formed because no consideration is needed when a customer takes advantage of a "free" offer.
Answer:
C. A contract was formed because filling out an application can constitute legal consideration.
Explanation:
I personally Think this because if you think about it , he didn't pay , which doesn't matter because its "free" but maybe they just named it the million dollar wheel for a better name , or they were using it for customers , but if he had won and received yet nothing than he is able to file a contract because therefore they lied to him and therefore that's a illegal thing for a company who is allowing to spin a wheel for reward and if he won than he should get what he won , therefore the answer is = C
A tax on the amount of money a person earns in a year is a(n)
A. income tax
B. sales tax
C. credit tax
O D. property tax
Answer:
A. Income Tax
Explanation:
Answer:income Tax
Explanation:I jus take a test
What low-risk investment can provide Kazuo income when he retires?
a. real estate
b. stocks
c. bonds
d. ira’s
Answer: D
Explanation:
Help help help help help
B..................................
Which of the following is not a legal right of a debtor?
A. The right to ignore persistent calls from a debt collector
B. The right to declare bankruptcy
C. The right to verify the amount of debt you owe
D. The right to protection from deceptive collection practices
Debtors are granted some measures or rights. The option that is not a legal right of a debtor is right to declare bankruptcy.
A lot of creditors often do not obey simple rules, and thus uses some kind of deceptive or intimidating actions so as to recover money they are owed. A lot of creditors often uses threats of violence in trying to recover debt.In the State of California’s Rosenthal Act, one, as a debtor, is known to have the right to be free from harassing letters and calls from creditors and collection agencies because of unpaid debt.
it is known to stop creditors from constantly disturbing one at home or sending threatening letters on a regular basis.
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Answer:
A. The right to ignore persistent calls from a debt collector
Explanation:
4. Explain how, or even if, the Earned Value method of measuring project progress could be used to accurately measure progress for individual work packages
It is true that Earned Value method is used to measure a project progress because its work by measuring individual work packages.
The Earned Value method is a standard analyst method used to measure a project's progress at any point in time.
The formula used to Earned Value is by dividing the total project budget by the number of work blocks.In conclusion, It is true that Earned Value method is used to measure a project progress because its work by measuring individual work packages.
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I need help with writing a case analysis report. can someone please be of help?
Based on academic writing research, writing a case analysis report, you need to follow some specific steps, which begin with "Reading and Assessing the Case thoroughly."
Other steps you would need to take include the following:Focus your cases analysisDetect possible solutions or changes requiredChoose the best solutionComplete the case analysisHowever, note that the case analysis report will have the following body:
IntroductionBackgroundEvaluation of the caseProposed solutionRecommendation.Hence, in this case, it is concluded that writing a case analysis report requires you to follow specific steps.
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Suppose that on any given day the prevailing equilibrium federal funds rate is below the Federal Reserve's federal funds target rate. If the Federal Reserves wishes for the federal funds rate to be permanently at the target level, then the appropriate policy for the Federal Reserve is to take a defensive open market purchase, everything else held constant. True False
The statement which states that If the Federal Reserve's wishes for the federal funds rate to be permanently at the target level, then the appropriate policy for the Federal Reserve is to take a defensive open market purchase, is TRUE.
Based on the given question, we can see that an open market operation refers to the way the federal government makes the federal funds rate to change buy making the loans more easily obtainable.
With this in mind, if they wish for the federal funds rate to be permanently at the target level, then they would have to take a defensive position by increasing the reserves through buying of securities so that economic activity would be stabilised.
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Niccolo is invited to help a program where, even though not mandated by the external environment, management requires teams to make big, up-front, and detailed scope commitments for every release. What three things can Niccolo do to best coach the decision-makers
The three things Niccolo can do to better train decision makers are Illustrate the power of feedback in content decision making, as well as emphasize the value of “Responding to Agile Manifesto changes.
Another thing Niccolo can do is explain the benefits of releasing at the end of the program increment.
Therefore, through these actions, Niccolo will help to incorporate an organizational attitude focused on compliance, process transparency and adaptation to the rapid environmental changes that impact the progress of a project.
Feedback generates greater decentralization of decision making, empowers and integrates the team, while the concepts of the agile manifesto make decision making more creative, faster and more focused on results.
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Determine which of the following statements is correct regarding the relationship of ending inventory and beginning inventory.
A. The beginning inventory of the current period is the beginning inventory of the previous period.
B. The beginning inventory of the previous period is the ending inventory of the current period.
C. The ending inventory of the previous period is the ending inventory of the current period.
D. The ending inventory of the previous period is the beginning inventory of the current period.
The relationship between ending inventory and beginning inventory is ending inventory of the previous period is the beginning inventory of the current period.
Ending inventory is inventory that remains unsold at the end of a particular period of time. Beginning inventory is inventory that a business has in stock at the beginning of a particular period.
Ending inventory is a function of beginning inventory, cost of goods purchased, cost of goods sold.
Ending inventory = beginning inventory + cost of good bought - cost of good sold.
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Ambinu Flower Company provides flowers and other nursery products for decorative purposes in medium to large sized restaurants and businesses. The company has been investigating the purchase of a new specially equipped van for deliveries. The van has a value of $133,750 with a six-year life. The expected additional cash inflows are $52,500 per year. What is the payback period for this investment
The payback period for this investment is 2.55 years.
The payback period is a capital budgeting method. It is used to determine how long it would take to recover the amount of money invested in an project from the cumulative cash flows.
An advantage of the payback period method is that it is easy to calculate. A drawback is that it ignores the time value of money.
Payback period = amount invested in the van / cash flows
$133,750 / $52,500 = 2.55 years
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xyz company's cost function for the next four months is c=500000+5q then
a) find the be dollar volume of sales if the selling price is br. 6/unit
b) what would be the company's cost if it decides to shutdown operations for the next four months
Answer:
Enter the following transactions into richard’s checkbook register and state his ending balance: date type description amount 03/01 check #204 blue sky apartments $455. 00 03/05 dep payroll automatic deposit $390. 36 03/08 debit benny’s hamburgers and fries $9. 20 03/15 check #205 car payment $251. 59 03/19 dep payroll automatic deposit $390. 36 a. $715. 79 b. $1,009. 81 c. $780. 72 d. $880. 24.
Question 1 of 15.
#1. Objective A: Left Turn
True False
Mark for follow up
Based on the question above, the correct answer goes thus:
TrueObjectivityTo be objective implies that you State facts as it is devoid of your opinions. According to the available text, left turn is true
In conclusion, we can conclude that the correct answer is true
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During the current year, merchandise is sold for $21,100 cash and $341,700 on account. The cost of the merchandise sold is $217,200. What is the amount of the gross profit
Answer:
$235,900
Explanation:
i hope she is your answer
The gross profit is $145,600. A company's gross profit is equal to its total sales less its total cost of products sold. Total sales include all goods sold by the company.
What are COGS?The total amount your company paid as a cost directly tied to the selling of products is known as the cost of goods sold. Depending on your industry, this could include resale products, raw materials, packaging, and direct labor associated with making or selling the product.
Given
Cash Sale = $21,100
Credit Sale = $341,700
COGS = $217,200
Required to Calculate the amount of the Gross Profit =?
Gross Profit = Sales - COGS
Gross Profit = 341,700 + 21,100 - 217,200 = $145,600.
Thus, the gross profit is $145,600. On the surface, a gross profit margin ratio of 50 to 70% appears to be healthy, and it is for many types of businesses, including retailers, restaurants, manufacturers, and other goods makers.
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explain why a business that is small enough to be managed by one or a few people and does not require a large amount of capital would be good for a proprietorship
A business that is small enough to be run by one or a few people and does not require a large amount of capital would be good for a sole proprietorship.
This type of business structure has less bureaucracy and does not require a lot of formality to be managed, making it an ideal setting for family businesses, such as grocery stores and clothing stores.
Therefore, in a sole proprietorship, the owner is responsible for the risks inherent in the business, with greater freedom and flexibility.
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A hurricane hits the coast of the United States, destroying oyster farms. Afterward,
oyster farmers have far fewer oysters to sell to stores and restaurants.
What is this situation an example of?
A. Incentive
B. Demand
C. Scarcity
D. Trade-off
Help help business please pelsss
Answer:
B. Negative
Explanation:
When all other things remain constant, there is an inverse relationship, or negative correlation, between price and the demand for goods and services.
Hope this helps!
Please give a complete answer to all questions, citing the legal principle to support your answer.
I. John owns a clothing store. He sees Jack put several items of clothing into his bulky jacket and then walk past all cash registers on his way out the door without paying for the clothes. He has his security people restrain Jack and put him in a locked room while he calls the police. The police arrive in five minutes and place Jack under arrest for shoplifting. Jack sues John civilly for the tort of unlawful imprisonment. Will Jack win or lose this lawsuit?
2. Sarah, Lisa and Adriana are accountants and decide to form the limited liability partnership of SLA Accountants, LLP. They register the partnership with the state. Adriana then conducts an audit of the financial statements of DEF, Inc. and her audit team includes Anna, an audit manager who is under the supervision of Adriana during the course of the audit. Anna makes a major mistake in checking the assets of DEF with the result that the assets listed on the financial statements are overvalued and the liabilities are undervalued. DEF is a publicly traded stock and when the market finds out about this mistake, the value of the shares goes from $50/share to $5/share. The shareholders sue Sarah, Lisa and Adriana for negligence. Sarah and Lisa did not participate in this audit. Adriana states that her personal assets cannot be reached in this lawsuit. Is Adriana right or wrong?
3. Sam is a member of the U.S. Army’s Special Forces. He owns a Ford GT, the most expensive sports car made by Ford. He has received orders to deploy to the Middle East for a secret assignment that he realizes will be highly dangerous. He has a favorite nephew, Andrew, and he brings the car and the key fob over to Andrew’s house before he leaves. He tells Andrew that if he does not come back, the car is his. He does come back but when he comes over to see Andrew and asks for the car back, Andrew refuses, claiming this is a completed inter vivos gift and as such, he does not have to give it back. Is Andrew right or wrong?
1. In the criminal justice system, John can temporarily put Jack in custody pending the arrival of the police. Jack was not detained for a period longer than five minutes and not for a civil wrong.
Thus, in this lawsuit for the tort of unlawful imprisonment, Jack will lose because he committed a crime. He cannot apply a civil law to a criminal case.
2. Adriana is correct that her personal assets cannot be reached in this lawsuit brought by the shareholders of DEF, Inc. because SLA Accountants, LLP is a limited liability partnership and not just an ordinary partnership.
A limited liability partnership, like a limited liability company, offers members limited liability. However, the shareholders of DEF, Inc. may decide to sue Adriana personally.
3. Andrew is wrong because the car handed over by Sam was not a completed inter-vivos gift. The transfer was not absolute but conditional upon Sam not returning from the Middle East.
As a conditional transfer of gift, the vesting of the ownership interest created by the transfer depends on the fulfillment of a condition.
Thus, since the transfer condition did not materialize, Andrew should return the car to Sam in good faith.
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Tide Corporation has traditionally made a subcomponent of its major product. Annual production of 30,000 subcomponents results in the following costs: Direct materials $ 250,000 Direct labor $ 200,000 Variable manufacturing overhead $ 190,000 Fixed manufacturing overhead $ 120,000 Tide has received an offer from an outside supplier who is willing to provide the 30,000 units of the subcomponent each year at a price of $28 per unit. Tide knows that the facilities now being used to manufacture the subcomponent could be rented to another company for $80,000 per year if the subcomponent were purchased from the outside supplier. There would be no effect of this decision on the total fixed manufacturing overhead of the company. Assume that direct labor is a variable cost. At what price per unit charged by the outside supplier would Tide be indifferent between making or buying the subcomponent
An amount of $24 per unit will need to be charged by the outside supplier to make Tide be indifferent between making or buying the subcomponent.
Relevant cost per unit to make = (Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead) / Total sub-component unit
Relevant cost per unit to make = ($250,000 + $200,000 + $190,000 + $80,000) / 30,000 units
Relevant cost per unit to make = $24
Hence, the indifferent price is $24 per unit
Therefore, an amount of $24 per unit will need to be charged by the outside supplier to make Tide be indifferent between making or buying the sub-component.
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Which type of reinforcement schedule results in the quickest learning
I bad at explaining things but a easy way to learn quicker (for me anyways) is by taking notes and going over them everyday and reading a little ahead then you have to. Also by going at your pace first till you get use to it before you start pushing your self a little harder.
This helps a lot but than again every one is different so I would honestly juts say to go slow at first and work your self up that way it would he a lot easier on you if you want to learn faster
An app on a digital device that stores account numbers, passwords, and other
sensitive information is called a
A. digital wallet
B. mobile point of sale
C. QR code
D. blockchain
Answer:
A.digital wallet
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expalain fiveprinciples of insurance
Answer:
insurable interest, Utmost good faith, proximate cause, indemnity, subrogation and contribution.
what is likely to play a more important role in a mixed economy than in a free market economy
Answer:
Heya!
Explanation:
The characteristics of a mixed economy include allowing supply and demand to determine fair prices, the protection of private property, innovation being promoted, standards of employment, the limitation of government in business yet allowing the government to provide overall welfare, and market facilitation by the self-interest of the players involved.
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When assets are pooled into financial instruments such as collateralized mortgage obligations (CMOs) to better facilitate selling them to the general public, the process is known as
It should be noted that When assets are pooled into financial instruments such as Collateralized Mortgage Obligations (CMOs) to better facilitate selling them to the general public the process is known as:
SecuritizationSecuritization helps in a process which involves the pooling of asset in order to make their selling to be faster and make the public to be aware of it.
Therefore, securitization is When assets are pooled into financial instruments such as Collateralized Mortgage Obligations.
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Help bell buissness help bell bel
Question
Increasing the M3 expansionary monetary policy will do
Which of the following?
Answer
A. it will increase the money supply
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Answer:A It will increase the money supply.
Explanation:
where does the 32 come from in cash received for common stock issued