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2 years ago

Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card?

Business

1 answer:

dem82 [27]2 years ago

8 0

Answer:

Cardholder

Explanation:

The Government Purchase Card program/mission was setup in order to streamline payment process and help alleviate the administrative burden that lies in purchasing goods and services. It is a system which provides on the spot purchasing, receiving and payment authority for individuals.

In GPC, the cardholder is responsible for verifying card information and verifying proof of delivery.

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Adam owns a software development company. he and his team developed and licensed new software that could help many organizations

Galina-37 [17]

The correct answer is royalty. Royalty is considered to be a payment by which is made by one by which the franchisee or the licensee owns the asset in particular and that it is for the right of having to do an outgoing use of the asset.

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2 years ago

Read 2 more answers

On October 15, Eco Brewers had a balance of $4, 390 in its Social Security tax payable account. It posted an additional $4, 390

lbvjy [14]

Answer: The correct answer is "b. Debit $8, 780".

Explanation: The entry that should appear on november 15 for the remittance of the month's social security taxes is "Debit $8, 780"

Because the balance of $ 4390 in its Social Security tax payable account + the additional $ 4390 on its October 31 pay date = $ 8780.

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2 years ago

Carmel Rugs is holding a 2-week carpet sale at Jean’s Club, a local warehouse store. CarmelRugs plans to sell carpets for $1,000

OlgaM077 [116]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

CarmelRugs plans to sell carpets for $1,000 each. The company will purchase the carpets from a local distributor for $400 each, with the privilege of returning any unsold units for a full refund.

Jean’sClub has offered Carmel Rugs two payment alternatives for the use of space.

Option 1:

Fixed cost= $17,400 for the sale period

Option 2: 20% of the total revenues earned during the sale period.

Break-even point= fixed costs/contribution margin

Option 1:

Break-even point= 17400/(1000-400)= 29 carpets

Option 2:

Break-even point= (400+200)/(1000-400)=1 carpet (no fixed cost)

5 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

A landlord entered into a 10-year lease of a building with an auctioneer, who planned to use the building itself for a storage a

ArbitrLikvidat [17]

Answer:

$2,000

Explanation:

Usually, the landlord is required to notify the tenant if he/she plans to sell the property, but regardless of who owns the property (the original landlord or a new landlord), the contract terms are valid and must be honored by both the current landlord and the tenant.

The new owner immediately became the new landlord and he/she assumed all the responsibilities stated in the lease contract. Since the lease contract stated that the "lessor (landlord) agreed to maintain all structures on the property in good repair", the new landlord must pay for any necessary repairs.

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2 years ago