True or false - the power to levy federal income taxes rests with the u.s. congress

On March 17, Jackal Lumber sold building materials to Fredo Limited for $15,000 with terms of 3/10, net 20. What amount did Jack

Brrunno [24]

Answer:

$15,0000 is recorded as revenue

Explanation:

The amount of $15,000 is recorded as revenue immediately the sale is made on March 17. The Discount allowed of $300 (2%).

"3/10, Net 20" means Fredo will enjoy 2% discount if he pays within 10 days or pays in full within 20 days. The amount recorded in revenue will not change regardless of which option he chooses.

8 0

3 years ago

Read 2 more answers

When a title insurance policy is being issued, the public records are searched and the title company's record of title is contin

matrenka [14]

Answer: A report of title or commitment for title insurance

Explanation:

This kind of notification or document is also called ''title commitment'' or ''a preliminary title report'' and it is using in this case when a title insurance policy is being issued.

It will do the disclose and give people the copies and claims that are found by that company where the title is from. A document will be delivered to the buyer without any cost to the one who was buying something after opened escrow.

7 0

3 years ago

Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price

Bad White [126]

Answer:

a. 10.60%

b. 3.53%

Explanation:

a. Calculate the yield on the repo if it has a 5-day maturity.

Profit = $34,000,000 − $33,950,000 = $50,000

Using 360 days a year, we have:

Yield on the repo = ($50,000/$33,950,000)*(360/5) = 0.1060, or 10.60%

b. Calculate the yield on the repo if it has a 15-day maturity.

Using 360 days a year also, we have:

Yield on the repo = ($50,000/$33,950,000)*(360/15) = 0.0353, or 3.53%

3 0

3 years ago

Daniel has to prepare a report outlining the reasons why his company is going to shut down two factories in the united states. h

timurjin [86]

The inductive method is also sometimes called a scientific method. The method starts off by stating many observations of nature then arriving to the conclusion. The goal is to find a few and powerful ending statement based on the previously stated individual reasons.

6 0

3 years ago

Baltimore, MD. The line started forming at 4 a.m. By 8 a.m. there were over 3,000 people in the line snaking around Amazon's ful

mamaluj [8]

Answer:

Here the quantity demanded, that is, vacancy = 1,200 While the total number of applications for these 1,200 positions was 4,500.

Explanation:

If Amazon increased wages to $16 per hour, what do you predict will happen to that.

3 0

3 years ago