Answer:
Single use plan
Explanation:
A single use plan is employed in tackling a particular organisational situation. This plan is only used once, because it is used to solve a specific situation and then discarded when the situation has been tackled.
A single use plan is utilized in situations that is unlikely to be repeated in the nearest future since the main purpose of the plan is to solve a particular problem.
The single use plan can be very precise in handling a particular situation.
Answer:
The correct answer is letter "A": Uncovers all of the potential risks of an investment.
Explanation:
In the investment world, due diligence refers to a full investigation of the product and its inherent risks before the transaction. This ensures that all details are correct, leaving out non-important information. Only when all the information has been disclosed, the parties of a transaction can continue with setting the monetary terms of the transaction.
Answer:
The correct answer is letter "D": They give a guaranteed rate of return.
Explanation:
Certificates of Deposit (CD) are investment vehicles that individuals can purchase with the condition of not withdrawing the money pooled after an agreed period so they can obtain the returns of the investment with a higher interest rate.
U.S. bonds, Treasury Bonds or T-bonds are investment vehicles issued by the U.S. government that offers repayment to the principal plus interest after maturity which tends to be from 10 to 30 years.
<em>Both CD and T-bonds offer a rate of return after a specific period agreed with the investment issuer. That return is guaranteed compared to other riskier investments like stocks.</em>
This is a<span> statute which requires certain types of contracts </span>to be in writing<span> in order to be enforceable.
</span>
There will be 5 but please do read these to ensure you know them friend.
1: Contracts for the sale or lease of or a mortgage on real property. (Land, etc)
2: Contracts that cannot by their terms be performed within one year after the date was formed.
3: Collateral contracts such as promises to answer for the debt or duty of another individual.
4: Promises that are made in consideration of marriage.
5: Contracts as we went over before for the sale of goods of $500 or more.
Answer:
$96,000
Explanation:
Data provided in the question:
Cost of the machine purchased on January 1, 2016 = $144,000
Expected salvage value = $24,000
Estimated life of the machine = 5 years
Now,
Using the straight line method of depreciation
Annual depreciation = 
or
Annual depreciation = 
or
Annual depreciation = $24,000
Now,
the accumulated depreciation till beginning of the third year
= Depreciation for the two years
= Annual depreciation × 2
= $24,000 × 2
= $48,000
Therefore,
The book value at the beginning of the third year
= Cost - Accumulated depreciation
= $144,000 - $48,000
= $96,000
