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mina [271]
2 years ago
11

You have a client, Henry, who does much of his business overseas, and his assistant, sister Avery, often drops off checks at the

branch for deposits in his individual account. Today Avery stopped by the office and said Henry forgot to sign some papers before he left and will be gone for three weeks. Because these are time critical documents Henry told her to have you sign them for him. Is this permissible
Business
1 answer:
ss7ja [257]2 years ago
5 0

It is not permissible to sign the documents on the behalf of the other person.

<h3>What is Business Overseas?</h3>

Business Overseas refers to the business with is outside the country often referred as the International Business. It involves the exchange of the goods and services outside the country.

According to the above scenario, Henry has the international business forgets to sign the critical documents in his absence to the particular place he offers his assistant to sign the papers which is not permissible for him to do so.

Learn more about overseas here:

brainly.com/question/15056320

#SPJ1

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During the fiscal year ended 2016, a company had revenues of $520,000, cost of goods sold of $375,000, and an income tax rate of
7nadin3 [17]

Answer:

the net income is $92,800

Explanation:

The computation of the net income is given below:

Net income is

= Sales - cost of goods sold - tax rate on the remaining balance left

= $520,000 - $375,000 - (($520,000 - $375,000) ×0.36)

= $145,000 - $145,000 × 0.36

= $145,000 - $52,200

= $92,800

Hence, the net income is $92,800

8 0
3 years ago
An individual wants to have $95,000 per year to live on when she retires in 30 years. The individual is planning on living for 2
son4ous [18]

Answer:

The amount she would be saving during her working life is  $1,089,64 and the deposit required for each year is $6,624.21

Explanation:

Solution

Given that:

The amount of income needed for retirement income = P×[1-(1÷(1+r)^n)]÷r

Now,

The Interest rate per annum  =6.00%

The Number of years = 2

The Number of compoundings per annum  = 1

The Interest rate per period ( r)=6.00%      

The period per payment (P)=$ 95,000

The Amount required for retirement income = 95000*[1-(1/(1+6%)^95000]/6% =$1,089,643        

Now,

Required deposit for every year (P)=FVA÷([(1+r)^n-1]÷r)

The Interest rate per annum = 10.00%

The Number of years= 30                                          

The number payments per per annum =1                                       The Interest rate per period ( r)=10.00%

The Number of periods (n)=30

Thus,

The Future value of annuity (FVA) = $1,089,643  

Hence the deposit required for each year is = 1089643/(((1+10%)^30-1)/10%)

= $6,624.21

                           

                                                 

6 0
3 years ago
In the first three years of operations, Lindsey Corporation reported net income(loss) of $(150,000), $100,000, and $250,000. At
Dmitriy789 [7]

Answer:

$80,000

Explanation:

The calculation of the total amount of dividend for three years is given below

= Net loss for first-year - net income for the second year + net income for the third year - ending retained earning balance

= -$150,000 + $100,000 + $250,000 - $120,000

= $200,000 - $120,000

= $80,000

And,

As we know,  

The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid

So, we used the same formula to compute the dividend amount

3 0
3 years ago
Crane incurs a weekly payroll of $251000 that includes federal taxes withheld of $38200, FICA taxes withheld of $23970, and 401(
Salsk061 [2.6K]

Answer:

First let us define the nature of each of the following as per Balance sheet of a company:

Payroll payable- Liability

FICA taxes withheld- Liability

Federal taxes- Liability

410(k)- Liability

Explanation:

Effect of Transaction on assets and liabilities:

  • Payroll expense Debit will have no impact
  • Payroll payable, Federal taxes, FICA and 401(k) will increase the current liability.
  • And when they are subsequently paid, cash will be credited hence decreasing the current assets and all these current liabilities shall be debited, hence decreasing the current liability portion.
8 0
3 years ago
Beau works for a small pest-control company that has a total of five employees. From his point of view, the primary disadvantage
xz_007 [3.2K]

The question is incomplete:

Beau works for a small pest-control company that has a total of five employees. From his point of view, the primary disadvantage of a small business is the:

-complicated management structure.

-risk of failure.

-limited ability to raise capital.

-personal relationship with his employer.

-limited potential for him to advance

Answer:

Limited ability to raise capital.

Explanation:

The answer is that from his point of view, the primary disadvantage of a small business is the limited ability to raise capital because small businesses tend to have few resources and a small participation in the market and these affect their ability to get capital and their growth potential.

The other options are not right because as small businesses have few employees, they have simple structures, the risk of failure can be high or low as in a bigger company and a personal relationship with his employer is not a disadvantage. Also, a small business can offer opportunities to advance.

8 0
3 years ago
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