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Inessa [10]
3 years ago
5

The primary purpose of protective covenants is to help:

Business
1 answer:
velikii [3]3 years ago
7 0
<span>The primary purpose of protective covenants is to help: Lender protection
when a lender loan some amount of money to a debtor, the lender has to face a risk that the debtor wouldn't be able to pay back the money.
Through protective covenants, the lender could get some sort of protection against that risk.</span>
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Blossom Corporation, a manufacturer of ethnic foods, contracted in 2020 to purchase 470 pounds of a spice mixture at $2.35 per p
Sveta_85 [38]

Answer:

No gain or loss.

Explanation:

Given:

Amount of spice mixture = 470 pound

Current price = $2.35 per pound

Future price = $2.73 per pound

Computation:

We know that, Future price of spice mixture is higher than current price of spices.

But contract price is fixed at $2.35.

Therefore, no gain or loss will be recognized.

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4 years ago
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Automobile Computers
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Answer:

Actor: Firm, individual, nation, or other participant in the economy. Opportunity Cost: The benefit that would have been received by taking the next best.

Explanation:

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2 years ago
Attending an impromptu sales meeting at the office is an example of a _____.
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The answer is Locational sensitive task.
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3 years ago
If all bloops are razzies and all razzies are lazzies, then are all bloops definitely lazzies?
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3 years ago
On November 1, Year One, a company is paid $12,000 in advance to do a job for a customer. The job has ten separate steps. The fi
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Answer: a. At the end of Year One, the company's liabilities are understated.

Explanation:

Under the Accrual basis of Accounting, revenue should be recorded for only jobs that have been completed. In other words, only earned revenue should be recorded. Revenue that has not been earned but yet received, is to be termed Deferred revenue and should be treated as a current liability.

In this scenario, there are steps that have not been completed so some of the revenue received should be termed deferred revenue. These should therefore be in current liabilities and because they were not, the liabilities for the end of year 1 will be understated.

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