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dmitriy555 [2]
3 years ago
15

Laredo advertises a reward for the return of his lost dog. Miguel, who does not know of the reward, finds and returns the dog, w

ithout asking for reward.
Miguel cannot recover the reward, because he :

a. did not confer a benefit on Laredo by returning the dog.

b. did not know of the reward when he returned the dog.

c. did not ask for the reward when he returned the dog.

d. returned the dog.
Business
1 answer:
Makovka662 [10]3 years ago
4 0

Answer:

b. did not know of the reward when he returned the dog.

Explanation:

Laredo advertises for getting his dog back. This does not infer that the dog will only be returned when the reward will be paid.

Miguel did not know about the reward, so the reward in this case is not mandatory to be paid, but if Laredo initiates the reward himself, that can be accepted.

This is a clear demonstration of being kind and get what you know.

So if you do not know the facts, you are on fault.

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Which of the following is a function of a commercial bank? *
Zarrin [17]

Answer:

lending of depositor's funds

3 0
3 years ago
ABC Corporation is considering the purchase of a machine that would cost $110,000 and would last for 4 years. At the end of 4 ye
Ahat [919]

Answer:

-$8,705

Explanation:

The computation of the Net present value is shown below

= Present value of all yearly cash inflows after applying discount factor + salvage value - initial investment

where,

The Initial investment is $110,000

All yearly cash flows would be

= Annual cost savings × PVIFA for 4 years at 12%

= $30,000 × 3.0373

= $91,119

Refer to the PVIFA table

And, the salvage value would be

= Salvage value × pvif for 4 years at 12%

= $16,000 × 0.636

= $10,176

The discount factor should be computed by

= 1 ÷ (1 + rate) ^ years

Now put these values to the above formula  

So, the value would equal to

= $91,119 + $10,176 - $110,000

= -$8,705

5 0
3 years ago
PLEASE HELP ASAP!!!
vredina [299]

The answer could be any of these. This is not a fair question.

I believe that question is trying to get you to lean towards answer C because theoretically your family would know your character better than a bank might.

4 0
3 years ago
The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $84,457. The bank statement indicated a balance o
Oxana [17]

Answer:

Pala Medical Co.

a. Bank Reconciliation Statement as at June 30, 20Y1

Balance as per adjusted cash balance $111,670

add outstanding checks                           33,310

less uncredited deposits                           17,610

       overdrawn check                                   180

Balance as per bank statement          $127,190

b. Journal Entries:

c. Debit Cash $28,248

Credit Notes Receivable $26,400

Credit Interest Revenue $1,848

To record the receipt on notes receivable, including interest revenue.

d. Debit Accounts Payable $990

Credit Cash $990

To record the check in payment on account ($1,100 - $110)

f. Debit Bank service charges $45

Credit Cash $45

To record bank charges.

c. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, the amount that should be reported as cash is:

= $111,670.

Explanation:

a) Data and Calculations:

Cash account balance at June 30, 20Y1 = $84,457

Bank statement balance on June 30, 20Y1 = $127,190

Analysis of discrepancies:

a. Outstanding checks $33,310

b. Uncredited deposits $17,610

c. Cash $28,248 Note Receivable $26,400  Interest Revenue $1,848

d. Returned check $1,100 Accounts Payable $1,100  $110

e. Overdrawn check $180 $680 had been erroneously charged by the bank as $860.

f. Bank service charges for June amounted to $45

Cash Account Adjustments:

Balance at June 30, 20Y1 = $84,457

Direct credit                           28,248

Dishonored check                     (990)

Bank charges                               (45)

Adjusted cash balance       $111,670

8 0
2 years ago
If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be
masya89 [10]

If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be B to A.

<h3>What happens when prices rise?</h3><h3 />

For Normal goods, a rise in prices would mean a fall in the quantity demanded. This is shown by the demand curve which shows the relationship between the quantity demanded and price.

When there is a price change, the movement will be along the demand curve which means that the demand curve would see a movement from Point B to Point A for coconuts.

Find out more on price changes and the demand curve at brainly.com/question/1139186

#SPJ1

8 0
1 year ago
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