Select the true statement regarding adverse possession of real property.
A possessor must occupy real property at the owner's invitation in order to qualify for adverse possession.
A possessor may acquire real property through adverse possession only if his or her possession has been continuous.
Adverse possession is more difficult to attain if the possessor's possession is openly visible to others.
Adverse possession is a common method of acquiring real property because its requirements are easily met.
Answers
Under adverse possession of real property, a possessor may acquire real property through adverse possession only if his or her possession has been continuous for a certain period of time.
This period of time is generally determined by state law and is typically between five and thirty years. In order to qualify for adverse possession, a possessor must occupy the property in a manner that is visible, notorious, and hostile to the true owner's right of possession. The possessor must also occupy the property continuously and exclusively for the designated period of time.
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Related Questions
Is Accounts Payable An Asset or a Liability?
Answers
Answer:
Liability
Explanation:
Accounts payable represents payments that a business expects to make in the coming days. They are goods and services that a business has obtained on credit from suppliers but not yet paid for. The business or individual has already consumed the service or received the good; only the payment part remains.
Accounts payable are more of short term debts. They are money owned to others, hence liabilities.
Which of the following phrases is an example of structural que ?
Answers
Answer:
excuse me but where is the phrase?
Hershberger's Farms plans to mix two types of food to make a mix of low cost feed for the animals in his farm. A bag of food costs $10 and contains 40 units of protein, 20 units of minerals and 10 units of vitamins. A bag of food B costs $12 and contains 30 units of proteins, 20 units of minerals and 30 units of vitamins. Daily minimum requirements consist of 150 units of proteins, 90 units of minerals and 60 units of vitamins.
a. Based on the lowest possible cost, how many bags of food A and food B should be consumed by the animals each day?
b. What is the overall cost? $46.50
c. Was there any unused resources?
Answers
Answer:
Following are the responses to the given choices:
Explanation:
For point a:
It is possible to say that as the material unit in either bag are same, the minimum bag number is 90 /20 = 4.5
rounded off=Minimum 5 bags
They will try to use all of these bags as the cost of bag A is poor.
When we have five bags of protein A, therefore the vitamin requirements were n’t fulfilled.
Currently, using 4 bags of A and 1 B bag, protein, vitamin and mineral obligations are fulfilled. They all are met.
Therefore, 4 food bags A and 1 food bag B need to be consumed due to the lowest cost.
For point b:
Cost total:
\(=( 4 \times 10 ) + ( 1 \times 12)\\\\=40 +12\\\\= \$52\)
For point c:
The following are unused resources:
\(\text{Protein = Bag A + Bag B - Consumption}\\\\= 160 + 30 - 150\\\\=190-150\\\\= 40\\\\Minerals = 10 \\\\vitamins = 10\)
Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
Answers
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
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What is an example for empathy and being able to recover quickly from emotional experience?
Answers
Answer:
The answer is below
Explanation:
Given that Empathy is a personal experience or ability shown by individuals to understand and share the actual feelings of other individuals.
Examples of Empathy are:
Emotional, Cognitive, and Compassionate
Emotional Regulation is the "ability to recover quickly from the emotional experience." This is a form of emotional intelligence exercised by humans.
roles of competition policy authorities in south Africa
Answers
Answer:
I hope you understand please follow me
Match each regulatory function with the correct agency
Answers
Answer:
follows are the solution to this question:
Explanation:
Inh the question some data is missing that's why its correct solution can be defined as follows:
FR: Consider accounts for financial institutions contributing to both the federal reserve but fall asleep capital rules with all banks. FDIC: It offers insurance for most any depot in a commercial bank for $ 250,000 checks protected bank records or limits the investments of assets. OTC: It reviews its records and limits mostly on properties that can be held to savings and lending organizations. CC: Contract, review books, or financial institutions operated throughout the national govt and enforce limitations on resources this could carry. SEC: Require full reporting of financial products exchanged in structured trade.Answer:
FTC: Prevents unfair competition and protects consumers from
FDIC: Guarantees consumer and business and arranges for failed banks
Explanation:
If firms in the market are producing output but are currently making economic losses, illustrates the present situation for the typical firm in the market, and indicates the corresponding supply curve.
Answers
When companies in a market are now losing money, it means that the cost of producing the output exceeds the revenue it generates from sales. In this situation, output should be decreased or losses should be minimized. In this scenario, the supply curve for the market will be upward sloping, showing that to produce and supply more of the commodity as its price rises.
In this case, sunk costs, or expenditure that have already been paid for but cannot be recovered, can also have an effect on the supply curve. If a company has already invested in fixed costs required to make the good, rather than exiting the market and losing the value of those sunk expenditures, it may be more probable that it will manufacture at a loss in the near future. Businesses may be more willing to supply greater at any given price as a result of having buried expenses, flattening the supply curve.
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Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue, $246,000; salaries and wages expense, $113,000; interest expense, $7,900; advertising expenses, $9,825; and income tax expense, $20,100. Also during the year, the company declared and paid the owners dividends amounting to $19,000.
Required:
Prepare the company’s income statement.
Answers
Answer:
Home Realty, Inc.
Income Statement
For the year ending on December 31, 202x
Total sales revenue $246,000
Salaries and wages expense ($113,000)
Advertising expense ($9,825)
Operating income $123,175
Income tax expense ($20,100)
Net income $103,075
explain 5 ways in which business studies is a living subject
Answers
Five ways in which business studies is a living subject:
Evolving technologiesEconomic shiftsChanging consumer preferencesSustainability and ethical issuesGlobalizationHow is business studies a living object ?Business studies is an ever-evolving subject that continuously updates itself to reflect the latest developments and trends in the contemporary business environment. The dynamic global economy, characterized by recessions, inflation, and changing trade policies, can have significant consequences on businesses. It compels them to adapt quickly in order to remain profitable.
Furthermore, as society shows a growing inclination towards sustainability and ethical concerns, businesses must incorporate these principles into their practices. This highlights the importance of keeping up-to-date with these changes for students studying in business studies so they can gain success in today's innovative business world.
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Economical Environment
Political Environment
Social Environment
Legal Environment
Technological Environment
Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for October are available:
Quantity of direct labor used 5,000 hrs.
Actual rate for direct labor $22.75 per hr.
Bicycles completed in October 800 bicycles
Standard direct labor per bicycle 6.0 hrs.
Standard rate for direct labor $24.00 per hr.
Requried:
a. Determine for October the direct labor rate variance, direct labor time variance, and total direct labor cost variance.
b. How much direct labor should be debited to Work in Process?
Answers
Hope this helps
The purchase of which of the following gives the buyer part ownership of a company?
A
stock
B
bond
C
futures contract
D
treasury bill
Answers
Answer:
A -- Stock
Explanation:
Say an investor buys stock they are buying a percentage of ownership in that company.
Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!
\(\qquad\qquad\huge\underline{{\sf Answer}}♨\)
The Correct choice is A. Stock
In business, many companies divides its net worth into stocks, and people who owns the stocks get part ownership of that company
On January 1, 2018, Dunbar Echo Co. sells a machine for $24,600. The machine was originally purchased on January 1, 2016 for $43,700. The machine was estimated to have a useful life of 5 years and a residual value of $0. Dunbar Echo uses straight-line depreciation. In recording this transaction:_________
a. a loss of $1,620 would be recorded
b. a gain of $1,620 would be recorded
c. a loss of $19,100 would be recorded
d. a gain of $24,600 would be recorded
Answers
Answer:
a. a loss of $1,620 would be recorded
Explanation:
The straight line depreciation method charges a constant depreciation through out the estimated useful life of the asset.
Depreciation expense per year = (Cost - Residual value) / Estimated useful life of the asset
Depreciation expense = (43700 - 0) / 5 = $8740
Accumulated depreciation at 1 January 2018 = 8740 * 2 = 17480
Net Book value at 1 January 2018 = 43700 - 17480 = $26220
Gain/ (Loss) on sale = 24600 - 26220 = ($1620) or loss of $1620
K 8 A bank holds $10 for every $100 in deposits. The bank wants to hold $7 for every $100 in deposits. The bank holds desired reserves of $14,000 and actual reserves of $29,000. What is the actual reserve ratio, the desired reserve ratio, and the excess reserves? >>> Answer to 2 decimal places.
Answers
The actual reserve ratio is 10%, the desired reserve ratio is 4.8%, and the excess reserves are $15,000.
How did we get the values?In order to determine the excess reserves, we first determine the deposits. The bank currently holds $29,000 in reserves, and that this represents $10 for every $100 in deposits. Therefore:
$10 / $100 = $29,000 / x
Solving for x, we get:
x = ($29,000 * $100) / $10 = $290,000
So the bank has $290,000 in deposits.
Calculate the actual and desired reserve ratios:
Actual reserve ratio = $29,000 / $290,000 = 0.10 or 10%
Desired reserve ratio = $14,000 / $290,000 = 0.048 or 4.8%
Finally, calculate the excess reserves:
Excess reserves = actual reserves - desired reserves = $29,000 - $14,000 = $15,000
Therefore, the actual reserve ratio is 10%, the desired reserve ratio is 4.8%, and the excess reserves are $15,000.
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Walkers (Pty) Ltd manufactures a basic baby walker product by means of a single manufacturing process and uses a process costing system. Raw materials are added at the beginning of the process and the conversion costs are evenly incurred during the process. The following information is available for November 2022: 8 000 units Material cost: R400 000 Opening work in progress (25% complete) Put in production Completed and transferred Closing work in progress (80% complete) Additional information: ● 15 000 units REQUIRED: 20 000 units 1 250 units Material cost: R900 000 Cost of conversion: R120 000 Cost of conversion: R3 100 000 Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. The company uses the weighted average method of inventory valuation. Prepare the process cost report for Walkers (Pty) Ltd using the weighted average method of stock valuation i.e. 2.1 Prepare the quantity statement (with the equivalent production) 2.2 Prepare the cost statement 2.3 Calculate and allocate the normal loss in Rands 2.4 Prepare the cost allocation statement Tabulate your answers as far as possible. (16 marks) (7 marks) (8 marks) (14 marks)
Answers
The normal loss is not allocated to completed units, as it is a normal part of the process and therefore is considered a joint cost. Below are the quantity statement, cost statement, and cost allocation statement.
What constitute the statements?2.1 Quantity Statement (with equivalent production)
| Process Stage | Units (physical) | % of completion | Equivalent Production Units |
| Opening WIP | 2,000 | 25% | 500 |
| Started production | 15,000 | 100% | 15,000 |
| Total | 17,000 | | 15,500 |
| Completed & Transferred | 8,000 | 100% | 8,000 |
| Closing WIP (80%) | 9,000 | 80% | 7,200 |
| Total Output | 8,000 | 100% | 8,000 |
2.2 Cost Statement
| Process Stage | Material Cost | Conversion Cost | Total Cost | Cost per Equivalent Production Unit |
| Opening WIP | R100,000 | R10,000 | R110,000 | R220.00 |
| Started production | R600,000 | R80,000 | R680,000 | R45.33 |
| Total (transferred) | R400,000 | R50,000 | R450,000 | R56.25 |
| Closing WIP | R200,000 | R26,000 | R226,000 | R31.39 |
| Total | R1,300,000 | R166,000 | R1,466,000 | R94.58 |
2.3 Normal Loss Calculation
Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. Therefore, calculate the equivalent production units for the normal loss separately.
Inputs for normal loss: 15,000 units x 105% (to account for normal loss) = 15,750 units
| Process Stage | Units (physical) | % of completion | Equivalent Production Units |
| Normal Loss | 15,750 | 20% | 3,150 |
| Total | 15,750 | | 3,150 |
The normal loss is 3,150 equivalent production units.
2.4 Cost Allocation Statement
| Cost Item | Total Cost | Cost per EPU | Cost per completed unit |
| Material Cost | R1,300,000 | R84.52 | R162.50 |
| Conversion Cost | R166,000 | R10.75 | R20.75|
| Normal Loss Allocation | R39,075 | R12.40 | - |
| Total Cost | R1,505,075 | | |
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NEED HELP ASAP
Generally speaking, economic systems can be divided into two broad categories.
They are:
A) Planned economies and unplanned economies
B) Perfectly competitive and free trade economies
C) Planned systems and free market systems
2
D) Free trade economies and restricted trade economies
Answers
Answer:
C) Planned systems and free market systems
Explanation:
The main focus behind why Equal Exchange is in business is to help out the small farmers and be fair to their needs. This is exemplified by the slogan: "Small Farmers, Big Change." Who is Equal Exchange's main focus and target group to satisfy?
a. Organizational stakeholders
b. Capital market stakeholders
c. Environmental stakeholders
d. Product market stakeholders
Answers
The main focus behind why Equal Exchange is in business is to help out the small farmers and be fair to their needs. This is exemplified by the slogan: "Small Farmers, Big Change." Who is Equal Exchange's main focus and target group to satisfy option D. Product market stakeholders
What are product market stakeholders?Product market stakeholders are individuals or groups that are directly or indirectly impacted by a company's products or services. These can include customers, suppliers, and distribution partners. In the case of Equal Exchange, their main product market stakeholders would be the small farmers and their customers who buy and consume the products that the small farmers produce.
Therefore, the correct answer is as given above. It could be concluded that product market stakeholders are main focus and target group in Equal Exchange.
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Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy:Direct materials: 6 microns per toy at $1.50 per micron Direct labor: 1.3 hours per toy at $21 per hourDuring July, the company produced 3,000 Maze toys. Production data for the month on the toy follow:Direct materials: 25,000 microns were purchased at a cost of $1.48 per micron. 5,000 of these microns were still in inventory at the end of the month.Direct labor: 4,000 direct labor-hours were worked at a cost of $88,000.Required: 1. Compute the following variances for July:a. The materials price and quantity variances.b. The labor rate and efficiency variances.
Answers
Answer:
1. a. The materials price and quantity variances
Material price variance: Standard cost per micron is $1.50 and actual cost per micron is $1.48. So, price variance is 1.48 - 1.5 = $(0.02) per micron
Quantity variance: Based on standard bill of material, Dawson Toys need 3,000 x 6 = 18,000 microns to produce 3,000 Maze toys. Actual consumption volume is 25,000 - 5,000 = 20,000 microns. So, quantity variance is 20,000 - 18,000 = 2,000 microns.
1. b. The labor rate and efficiency variances
Actual labor rate = Actual labor cost / Actual hour = 88,000/4,000 = $22 per hour.
Efficiency variance = Actual labor rate - Standard labor rate = 22 - 21 = $1 per hour.
2. Prepare a brief explanation of the possible causes of each variance.
Direct material cost variance: Total actual material cost is 20,000 x 1.48 = $29,600, higher than standard material cost of 18,000 x 1.5 = $27,000. This is mainly due to higher production waste as compared to standards.
Direct labor cost variance: Total actual labor cost is $88,000, higher than standard labor cost of 4,000 x 21 = $84,000. This is mainly due to lower labor rate per hour than expected.
Explanation:
If you are a self-employed professional, which plan would work for you?
Answers
If you are a self-employed professional, the plan that would work for is solo 401(k), also known as an independent 401(k) plan.
One possibility If you are self-employed, you should consider a solo 401(k), which is referred to as an independent 401(k). In fact, the Solo 401(k) possesses some advantages over other types of self-employment retirement accounts.
There are a few prerequisites for investing in a solo 401(k). You must generate your own revenue through your own business. And the company must be run solely by you or by you and your partner. Another is simplified employee pension plan, which is an instance of IRA for small business owners as well as self-employed individuals. A simplified employee pension plan (SEP) allows business owners to contribute to their employees' retirement savings in addition to their own.
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What is the BEST way to protect your personal information?
A. Carry all of your credit cards and forms of identification with you at all times.
B. Never write down your account numbers or driver's license numbers.
C. Keep old accounts open even if they are no longer being used.
D. Store your personal information in a safe place where you can access it if needed.
Answers
The best way to protect your personal information is store your personal information in a safe place where you can access it if needed. Hence option D is correct.
What is information?Information is defined as the data that has been altered in a way that makes it meaningful to the recipient. In today's society, information is essential to almost everything we do. To communicate a message, information in any format is created and distributed via a chosen delivery method.
Your bank account details, social security number, pin numbers, credit card numbers, and passwords are among the most sensitive data you should protect.
Thus, the best way to protect your personal information is store your personal information in a safe place where you can access it if needed. Hence option D is correct.
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The security market line (SML) provides the relationship between risk and required rate of return. Which of the following statements about the SML is most correct? The relevant risk is portfolio risk, which is measured by beta The relevant risk is total risk, which is measured by standard deviation. The relevant risk is mutual risk, which is measured by coefficient of variation. The SML is an equation, but it cannot be graphed.
Answers
"The relevant risk is portfolio risk, which is measured by beta" about the SML is most correct. Option 1 is correct.
The security market line (SML) is a graphical representation of the Capital Asset Pricing Model (CAPM), which provides a framework for determining the expected rate of return for an asset based on its level of risk. The relevant risk in the SML is portfolio risk, which is measured by beta. Beta measures the systematic risk of an asset or portfolio relative to the market.
The SML graphically represents the required rate of return for a given level of risk, as measured by beta. As beta increases, so does the required rate of return. The SML is a widely used tool in finance for analyzing and comparing the expected returns of different assets or portfolios. Hence Option 1 is correct.
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In a progressive tax structure, the higher a taxpayer's
income, the greater percentage he or she must pay in
taxes. This chart shows a sample progressive income tax
CEPTS for a taxpayer with total taxable income of $100,000.
Income According to the chart, what would be the total
tax on taxable income of $65,000?
Answers
Answer:According to the chart, the total tax on taxable income of $65,000 would be $16,250.
Explanation:
If A, B, and C are three activities connected with SS and FF (combination) relationships with 2-day lag on the SS relationships only. Their durations are 5, 10, and 3; respectively. What is the duration of the project:
Answers
Answer:
22 days
Explanation:
number of activities : 3 ( A,B,C)
connected via : SS and FF combination. days lag on SS and F = 2
Durations : 5,10 and 3
A and B is connected by SS and there is a 2-day lag on the SS connection, this means that B will start 2 days after A have ended
i.e when T = 0 , B will start : 5 +2 = 7 days and end in 17 days
while B and C is connected by FF and there is also a 2-day lag on the FF connection, this means that C will start after B has ended and end in 2 days
i.e when B ends at 17 days ; C starts = 17 + 2 = 19 DAYS
hence the project will end in 19 + 3 = 22 days ( i.e when C ends )
What competition and Five Force Model Analysis?
Answers
Answer:
Porter's Five Forces is a framework for analyzing a company's competitive environment. The number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company's profitability.
All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is a. $2.24
b.$3.03
c.$3.84
d.$2.58
Answers
The ending work in process inventory is $91,960. The first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is $2.58.
The correct option is d.
By reversing method example,
The computation of the ending work in process inventory is given below:
= cost of material + conversion cost
= 22,000 × $1.60 + 22,000 × $2.58
= $35,200 + $56,760
= $91,960
Hence, the ending work in process inventory is $91,960
The same should be considered and relevant.
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Ch 12,3
S
052
According to research, finding meaningfulness in your life will be associated with
Multiple Choice
decreased productivity
better work and life satisfaction
increased hospitalizations.
Saved
a longer life span
4
Help
Save & Exit
Answers
According to research, finding meaningfulness in your life will be associated with better work and life satisfaction.
What is Career Readiness from the research?Basically, the career readiness tells about the foundation that demonstrate the requisite core competencies that broadly prepare the college educated for success in the workplace and lifelong career management.
As it also entails the preparation of students with the skills they need to find, acquire, maintain and grow within a job, the research also shows that finding meaningfulness in your life will be associated with better work and life satisfaction.
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Which management approach is aligned with Octavio's implementation of teleworking?
Answers
Systematic management approach is aligned with Octavio's implementation of teleworking
What is teleworking?Teleworking, also known as telecommuting or remote work, refers to a work arrangement where employees can perform their job duties outside of a traditional office setting, such as from home, a co-working space, or another remote location. Teleworking usually involves using technology, such as computers, phones, and video conferencing, to communicate with colleagues and complete work tasks.
Teleworking has become increasingly popular in recent years, as advances in technology have made it easier for people to work from anywhere with an internet connection. Teleworking offers a number of benefits, including increased flexibility, reduced commuting time and costs, and improved work-life balance. It can also help employers reduce office expenses and attract a wider pool of job candidates.
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Why does the bank generally print the address of the check writer on the upper left-hand corner of the check?
Maria V. Bowen’s Check for $42.92 is dated March 6, 2019. Pay to the order of Credit Card Company.
A. To prevent people from bouncing a check (i.e., a NSF transaction)
B. To contact the check writer if a check bounces.
C. To advertise its products on the front of a check.
D. To prevent people from stealing checks.
Answers
To contact the check writer if a check bounces the bank generally print the address of the check writer on the upper left-hand corner of the check.
Option B is correct
The bank generally prints the address of the check writer on the upper left-hand corner of the check to be able to contact the check writer if a check bounces or is returned due to non-sufficient funds (NSF). By having the check writer's address on the check, the bank can contact the check writer to inform them that the check bounced and to try to resolve the issue.
This also helps the bank to verify the identity of the check writer and to prevent check fraud.
Option B is correct
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Magic Realm, Inc., has developed a new fantasy board game. The company sold 24,900 games last year at a selling price of $66 per game. Fixed expenses associated with the game total $415,000 per year, and variable expenses are $46 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor.
Required:
a. Prepare a contribution format income statement for the game last year.
b. Compute the degree of operating leverage.
c. Compute the expected percentage increase in net operating income for next year.
d. Compute the expected total dollar net operating income for next year. (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)
Answers
Answer:
Part a
contribution format income statement
Sales $1,643,400
Less Variable Costs ($1,145,400)
Contribution $498,000
Less Fixed Costs ($415,000)
Net Income (Loss) $83,000
Part b
6.00
Part c
See explanation
Part d
See explanation
Explanation:
Contribution Income Statement separates variable costs and fixed costs as shown above.
Degree of operating leverage = Contribution ÷ Earnings Before Interest and Tax
= $498,000 ÷ $83,000
= 6.00
Part c and Part d
Since there is missing information related to these parts here are the explanations.
The expected percentage increase in net operating income for next year.
Calculated by multiplying the percentage change in sales by the degree of operating leverage.
The expected total dollar net operating income for next year.
Simply apply the expected percentage increase calculated in part c to the existing Net Profit
Question 1 of 20
A company's prospectus includes:
A. the company's research.
O O O
B. the company's guaranteed return strategy.
C. the company's revenue and net worth.
D. the company's investment options.
SUBMIT
Answers
Answer:
Historically, an initial public offering, or IPO, has referred to the first time a company
Explanation: