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3 years ago

The right to encumber goods as collateral for a debt is dependent on who is holding title.

1 answer:

7 0

This is an encumbrance. This is a claim against a person or entity's property by someone other than the owner. These are usually in the form of liens or mortgages, and can make it difficult (or illegal) to transfer the property to another person.

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A mining company is part of what industry

soldi70 [24.7K]

Extractive is the answer

8 0

3 years ago

The weather report says that a devastating and unexpected freeze is expected to hit Florida tonight during the peak of the citru

NeX [460]

Answer:

A. drop immediately.

Explanation:

In an efficient market it is assumed that assets within it will consistently reflect all information that affects that asset. Thearket is very responsive to new information and adjusts accordingly.

If the weather report says that a devastating and unexpected freeze is expected to hit Florida tonight during the peak of the citrus harvest, there will be an immediate drip in the price of Orange's stock.

A later news that is positive will cause a rise in price of the stock.

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3 years ago

On October 1, 2017, Crane Company places a new asset into service. The cost of the asset is $103500 with an estimated 5-year lif

ruslelena [56]

Answer:

The depreciation expense for 2017 is $4,050

Explanation:

The company uses straight-line depreciation method, Depreciation Expense per year is calculated by following formula:

Annual Depreciation Expense = (Cost of asset − Salvage Value )/Useful Life = ( $103,500 - $22,500)/5 = $16,200

Depreciation Expense per month = $16,200/12 = $1,350

Crane Company places a new asset into service on October 1, 2017. In 2017, the asset has been used for 3 months

The depreciation expense for 2017 = $1,350 x 3 = $4,050

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3 years ago

The city collects $3 million of taxes on behalf of the county in which it is located.

densk [106]

It is called as Agency. This is the job of agency to collect the taxes on behalf of country. These agencies serve as the responsible unit of the state which helps with the intake of the government revenue through taxes and sometimes other than just taxes. Not just tax collection they also deal with tax evasion and audits.

3 0

4 years ago

TB MC Qu. 7-137 Farris Corporation, which has ... Farris Corporation, which has only one product, has provided the following dat

brilliants [131]

Answer:

Net operating income= $11,250

Explanation:

Giving the following information:

Selling price $144

Units sold 8,950

Variable costs per unit:

Direct materials $26

Direct labor $68

Variable manufacturing overhead $14

Variable selling and administrative expense $18

Total variable cost= $126

Fixed costs:

Fixed manufacturing overhead $140,250

Fixed selling and administrative expense $9,600

Variable costing income statement:

Sales= 8,950*144= 1,288,800

Total variable cost= (126*8,950)= (1,127,700)

Contribution margin= 161,100

Fixed manufacturing overhead= (140,250)

Fixed selling and administrative expense= (9,600)

Net operating income= 11,250

4 0

3 years ago