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1 year ago

An insurable interest for the benefit of a purchaser under the ucc exists or can exist as soon as?

1 answer:

6 0

A purchaser's insurable interest under the ucc exists or will exist as soon as 2-501. Goods Identification Method; Insurable Interest in the Goods.

By designating existing items as those to which the contract relates, even while he has the opportunity to reject or return them, the buyer acquires a special property and an insurable interest in the products. Such identification may be accomplished whenever it is convenient for the parties and however they have expressly agreed. Identification takes place in the lack of explicit agreement .When the contract is made, if it is for the sale of items that are already in existence and are identifiable, option .when the contract is made, if it is for the sale of future goods, option

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A production possibilities curve represents

pychu [463]

A is the correct answer

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2 years ago

Your $6100 investment grows to $12200 over the course of 9 years compounded quarterly. what interest rate did you receive on you

k0ka [10]

The formula is
A=p (1+r/k)^kt
A future value 12200
P present value 6100
R interest rate ?
K compounded quarterly 4
T time 9 years

Set the equation and solve for r (interest rate)
12200=6100 (1+r/4)^(4×9)
Divide both sides by 6100
12200/6100=(1+r/4)^(36)
2=(1+r/4)^(36)
Take the root of 36 for both sides
2^(1/36)=1+r/4
R= (2^(1/36)-1)×4
R=(2^(1÷36)−1)×4
R=0.0778×100
R=7.78%

Hope it helps!

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2 years ago

A computer shop with three processes (repair, upgrade, and checkout) has two types of customers (upgrade and repair/enhance). A

netineya [11]

Answer:

2upgrade and 21 repair \enhance

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2 years ago

Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 2018 Sales $ 19,049 $ 18,918 Depre

marin [14]

Cash Flow from Assets:

Ending Balance of Assets in 2017...........................................................$77760

Add: Depreciation........................................................................................$2534

Less: Beginning Balance of Assets.........................................................($72884)

CashOut Flow ..................................................................................................$7410

Cash flow to creditors

Ending Balance of Creditors...................................................................$6790

Less: Beginning Balance of Creditors.................................................$6299

Less: Purchases (From Inventory)........................................................$8184

Cash Flow to AP............................................................................................$7693

Purchases from Inventory:

Ending Balance of Inventory....................................................$21912

Add: Cost of Goods Sold................................................................$6781

Less: Beginning Balance of Inventory.....................................($20509)

Purchases......................................................................................$8184

Cash flow to stock holders:

While Preparing Accounting Equation for 2017 as below:

Assets-Liabilities=Eq Shareholders

113632-37233=$76399

While Preparing Accounting Equation for 2018 as below:

Assets-Liabilities=Eq Shareholders

122701-43835=$78866

Net Income for 2018

Sales 18918

Less: Dep (2534)

Less: COGS (6781)

Less:Other Exp (1203)

Less: Interest (1350)

Net Income before tax 7050

Less Tax..............................(1480)

Net Income.....................5569.5

Beginning Balance of Shareholders...................................................$76399

Add: Net income....................................................................................$5569.5

Less: Dividend.........................................................................................($2364)

Less: Ending Balance...........................................................................($78866)

Cash to Shareholders........................................................................$738

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2 years ago

On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 16,000, $7 par, common sha

Otrada [13]

Answer:

See the answers and explanation below.

Explanation:

a. the necessary journal entries assuming a small (10%) stock dividend

Date Details Dr ($) Cr ($)

Sept. 1 Stock Dividends (16,000 * 36 * 10%) 57,600

Common Stock (16,000 * 7 *10%) 11,200

Additional Paid-in Capital - Common Stock 46.400

To record a small (10%) stock dividend on common stock. .

b. the necessary journal entries assuming a large (100%) stock dividend

Date Details Dr ($) Cr ($)

Sept. 1 Stock Dividends (16,000 * 7 * 100%) 112,000

Common Stock (16,000 * 7 *10%) 112,000

To record a large (100%) stock dividend on common stock. .

c. the necessary journal entries assuming a 2-for-1 stock split.

"No journal entry required"

Note: Although no journal entry is required here but the number of common stock will increase to 32,000 (i.e. 16,000 * 2 = 32.00).

6 0

3 years ago