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2 years ago

Which of the following is the most accurate statement regarding the federal budget?

1 answer:

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The Federal Reserve System controls the monetary policy in the United States. They influence short-term interest rates and also determine the size of the money supply. The Federal budget is very hard to balance and has been a concern and is difficult to achieve. The President sends the budget to Congress who must approve it.

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Lily has suffered severe injuries from a car accident. She would like to sue for compensation, but does not have enough funds on

cricket20 [7]

Answer:

What is the best type of fee arrangement for Lily?

b. Contingency fee

Explanation:

Contingency fee. Those clients do not have to give us any money at the start of the case to represent them.

3 0

2 years ago

On January 2, 2018, Hernandez, Inc. signed a 10-year noncancelable lease for a heavy duty drill press. The lease stipulated annu

alex41 [277]

Answer:

The below additional piece of information is missing from the question:

In its 2018 income statement, what amount of interest expense should Hernandez report from this lease transaction?

The interest expense for 2018 is $150,000

Explanation:

Interest expense for 2018 is the implicit interest 10% multiplied by the difference present value of $1,800,000 minus annual payment of $300,000.

In order to compute the interest expense,the annual payment must be deducted first since the annual payment was made at the start of the year,hence interest is only due on the net amount of $1,500,000($1,800,000-$300,000).

Interest expense=$1,500,000*10%=$150,000

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2 years ago

ichael McNamee is the proprietor of a property management company, Apartment Exchange, near the campus of Penscola State Colle

sertanlavr [38]

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

Business Entity Assumption state that businessman and business are a different entity.

Under the Business Entity Assumption, Personal assets and Company assets are always different, Personal assets will never show in the Company's balance sheet.

In the case of Michel McNamee his bank account and personal home in not recorded in the company's book.

5 0

2 years ago

Joe and Debra are deeply interested in the well-being of the cocoa farmers they buy from. Imagine that they were thinking about

3241004551 [841]

Answer:

The correct answers are letters "B" and "D".

Explanation:

The global service system of Theo Chocolate provides a great opportunity for some of its staff to get a deeper insight into how the company's different markets work. Operations in different regions include coping with different cultures which also include talking about different people and consumer patterns. Thus, all this information can be collected by the employees who are sent for one year to work in those regions.

Furthermore, chances of diversification chances may appear in spotting the opportunities of Theo Chocolate in foreign markets. The organization must ensure that the members sent for the exchange experience are well trained to get the most out of the global service program.

7 0

2 years ago

Read 2 more answers

Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company attempts to make service calls at

lubasha [3.4K]

Answer:

VARMIT B-GONE

BUDGETED INCOME STATEMENT

sales revenue ( 90%*1500*2.4*80%*$80) $207,360

Service cost :

variable cost $17280

Maintenance and repair 15,998

Depreciation 42,000 75,278

Gross profit 132,082

marketing and administrative cost :

Marketing (variable ) 10,440

administrative (fixed)(55,000*105%) 57,750

bad debt( 2%*207360) 4,147 72,337

net income 59,745

Explanation:

service cost :

variable cost = (24,000/3600)*2592 = $17,280

maintenance and repairs = (22,000/3600)*2592 *101% = $15,998

Marketing cost = ($14,500/3600)*2592 = $10,440

7 0

2 years ago