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Karolina [17]
1 year ago
11

In Texas, proof of financial responsibility can be demonstrated by depositing $60,000 in cash or securities with the state compt

roller.
Business
1 answer:
pav-90 [236]1 year ago
3 0

true In Texas, proof of financial responsibility can be demonstrated by depositing $60,000 in cash or securities with the state comptroller

<h3>What is cash?</h3>

Cash is money in the physical form of currency, such as banknotes and coins, in economics. Cash is a current asset in bookkeeping and financial accounting that consists of currency or currency equivalents that can be accessed immediately or nearly immediately.

Cash (currency or coins) is legal tender that can be used to exchange goods, debt, or services. It may also include the value of assets that can be quickly converted into cash, as reported by a company.

Cash is currency money, which includes all bills, coins, and currency notes. A demand deposit is a type of account that allows funds to be withdrawn at any time without notifying the institution. Checking and savings accounts are examples of demand deposit accounts.

To know more about cash follow the link:

brainly.com/question/25530656

#SPJ4

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Which of the following statement is not true about derivative contracts?
8090 [49]

Answer:

a. A long position is a bet that the number is going to fall while a short position is a bet that the number will rise in the future.

Explanation:

The derivative contract is a contract in which the contract is to be done between two or more parties regarding the value i.e. depend upon the financial asset i.e. underlying. It involves the bonds, commodities, etc

So according to the given options, the option a is correct as long position is a bet in which the number is to be decline while on the other hand in the short position the number would increase

4 0
3 years ago
Trek Cycles makes two products: X-1 and X-2. It takes 80,900 direct labor hours to manufacture the X-1 and 93,500 direct labor h
Vera_Pavlovna [14]

Answer:

Predetermined manufacturing overhead rate= $2.15 per direct labor hour

Explanation:

Giving the following information:

It takes 80,900 direct labor hours to manufacture the X-1 and 93,500 direct labor hours to manufacture the X-2 Line.

Total overhead= 225,000 + 149,960=  $374,960

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 374,960 / (80,900 + 93,500)

Predetermined manufacturing overhead rate= $2.15 per direct labor hour

6 0
3 years ago
The objective of _____ is to build sales, market share, and profits quickly by providing an incentive to purchase the product im
3241004551 [841]

Answer: Market Penetration Pricing.

Explanation:

MPP, Market Penetration Pricing is a where a company uses a strategy to attract customers to their product. Which also means lowing the price for customers to buy their products.

When lowing a price: This strategy is used to attract customers, they buy their product - then if they like it they will keep buying it even if the price is raised. This is a common strategy for tons of company brands.

6 0
3 years ago
Mary buys a new toaster for $500. the toaster's label bears a disclaimer stating that the manufacturer is not liable for consequ
Damm [24]

Answer:

The answer is<u> "$500".</u>

Explanation:

The amount of monetary damages Mary can likely recover from the manufacturer of the toaster is $500, because the disclaimer label on the toaster clearly states that, the manufacturer company is not liable for consequential damages. The damage of the electrical wiring in the kitchen refers to consequential damage because it is not the direct result of the damage of toaster but it is due to the spark in the toaster.

5 0
3 years ago
You are the manager of a retail store. You believe the economy is in a recession and that sales for the month will be unusually
Naya [18.7K]

Explanation:

In the scenario described above, it can be identified that the behavioral characteristic of the manager is that he is an aggressive person.

This type of behavior has as main characteristics the expression of your ideas, needs and feelings to the detriment of those of other people, this can be seen in the question in the excerpt that says that the manager made an important decision for the business without consulting his superiors because you believe they feel the same way about the economy as you do.

Although this aggressive behavior can sometimes be expressive, it can also lead to hostility.

6 0
3 years ago
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