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Aleonysh [2.5K]

2 years ago

6

Alice listed a three-bedroom home for her client, but before she finds a buyer, the home burns to the ground. What happens to th

e agency agreement that Alice has with her client?

1 answer:

Nezavi [6.7K]2 years ago

4 0

Answer:

The agency agreement is terminated upon destruction of the property.

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Windsor Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a c

Art [367]

Answer:

Balance sheet extract:

Intangible assets:

Copyright 1 $0

Copyright 2 $48,000

Explanation:

The points to note in the question are enumerated as follows:

An internally generated intangible asset cannot be capitalized.By capitalization ,I mean its costs is treated as intangible asset to be amortized over its useful life.As a result,the $16,000 incurred on the internally generated intangible asset,specifically,the first copyright should be treated as expense when incurred.

However,the second copyright that was bought from University Press can be treated as asset but cannot be amortized since it has indefinite life,but would be tested for impairment on a yearly basis,with impairment losses charged to profit or loss account.

7 0

3 years ago

Beleaguered State Bank (BSB) holds $500 million in deposits and maintains a reserve ratio of 20 percent. Complete the following

leonid [27]

Answer:

1. See part 1 of the attached excel file for the T-account.

2. See part 2 of the attached excel file for the T-account.

3. Because BSB is cutting back on its loans, other banks will find they have <u>lower</u> reserves, causing them to <u>reduce</u> their loans. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

4. The correct options are b. Borrow money from another bank and d. Attract additional deposits.

Explanation:

1. Beleaguered State Bank (BSB) holds $500 million in deposits and maintains a reserve ratio of 20 percent. Complete the following T-account for BSB.

Note: See part 1 of the attached excel file for the T-account.

In the attached excel, the following calculations are made:

Reserves = $500 million * 20% = $100 million

Loans = $500 - $100 = $400

2. Now suppose that BSB's largest depositor withdraws $25 million in cash from her account. BSB decides to restore its reserve ratio by reducing the amount of loans outstanding.

Note: See part 2 of the attached excel file for the T-account.

In the attached excel, the following calculations are made:

Deposits = $500 million - $25 million = $475 million

Reserves = $475 million * 20% = $95 million

Loans = $475 - $95 = $380

3. Because BSB is cutting back on its loans, other banks will find they have <u>lower</u> reserves, causing them to <u>reduce</u> their loans. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

4. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

The correct options are b. Borrow money from another bank and d. Attract additional deposits.

4 0

2 years ago

Quarter Inc. is an Italian company that set up its ventures in the United States. It sells watches—designed and manufactured in

spin [16.1K]

Answer: D

Explanation: Quarter Inc. cannot be legally charged because as a foreign entity, it is exempt from prosecution based on sovereign immunity. Once the defendant establishes that it is a foreign state, for the lawsuit to proceed, the plaintiff must prove that one of the Act's exceptions to immunity apply.

4 0

3 years ago

The domino's leadership team determined that while it was a great delivery company, the poor taste of their pizza was an imped

rewona [7]

The stage of the marketing research process that this realization correspond to is the INTERPRETING THE FINDING.
The interpreting the finding stage is the stage of the market research process in which the results obtained from the market research is examined and analysed and appropriate conclusions are drawn from it.

6 0

2 years ago

Salcia is a country that depends heavily on domestic products. The Salcian government decides on the products that can be import

hoa [83]

Answer:

D) Mercantilism

Explanation:

Based on the information provided within the question it can be said that Salcia's approach to international trade is being influenced by Mercantilism. This term refers to a policy that was created in order to maximize exports of a nation while at the same time minimizing the imports. This is what Salcia is trying to accomplish by not importing anything that they can make at home.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

3 years ago