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avanturin [10]
3 years ago
11

If you purchase or obtain a vehicle from someone else, you are responsible for transferring ownership of the vehicle to your nam

e with the dmv within how many days of the purchase?
Business
1 answer:
SOVA2 [1]3 years ago
4 0
5 days, but it depends on rules of where you are. It can be 10, or maybe even as high as 90.
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The following transactions are July 2014 activities of Craig�s Bowling, Inc., which operates several bowling centers (for games
ololo11 [35]

Answer:

Explanation:

The journal entries are shown below:

a. Cash A/c Dr $15,000

         To Games revenue A/c   $15,000

(Being cash collected)

b. Cash A/c Dr $3,000

   Accounts receivable A/c Dr $5,000

                   To Sales revenue $8,000

(Being cash received for selling of equipment)

c. Cash A/c Dr $4,000

      To Account receivable  $4,000

(Being cash received for merchandise sold by the company)

d. Cash A/c Dr $2,500

       To Unearned revenue A/c $2,500

(Being deposit received for the upcoming fall season)

5 0
3 years ago
Ralph was involved in a bar fight and sustained a blow to the back of the head from a beer bottle. he was dazed and could not se
My name is Ann [436]
Occipital lobe

The occipital lobe is one of the four major lobes in the brain's cerebral cortex. It is located at the back of the head (see attached image). The occipital lobe's primary function is processing and making sense of visual information we receive through our eyes. Damage or trauma to the occipital lobe (in John's case when he got hit on the back of his head) can cause temporary or permanent vision impairment, subject to the severity of the trauma. 

6 0
3 years ago
Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. During 2019, the company had revenues of $410,000 and ba
NISA [10]

Answer:

Retained earnings on the December 31, 2019: $253,000

Explanation:

Ending balance in retained earnings is calculated by using following formula:

Ending balance in retained earnings = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends

Grizzly Company had Retained Earnings at December 31, 2018 of $210,000.  Beginning balance in retained earnings at January 01, 2019 is $210,000

Net income = Revenues - Expenses = $410,000 - $355,000 = $55,000

Ending balance in retained earnings = $210,000 + $55,000 - $12,000 = $253,000

4 0
4 years ago
One way that the world bank might experience an adverse selection in its own lending is if __________.
Sloan [31]

Adverse selection describes situations when high-risk persons are more likely to receive insurance or when one bargaining side has important knowledge that the other does not. Our goal is to influence decision-makers, both inside and outside of government, to consider the future and adopt long-term plans.

When vendors and/or purchasers have different knowledge about a certain component of a product's quality, this is referred to as adverse selection. Thus, those who work in hazardous environments or lead high-risk lives are more likely to buy life or disability insurance, knowing that they will likely be able to use it.

To learn more on world bank

brainly.com/question/3520105

#SPJ4

6 0
1 year ago
Your friend Wanda established her gourmet dog treat business, Salty Pawz, using personal funds, since she initially sold her pro
denpristay [2]

Based on the advantages and disadvantages for each type of financing mentioned below, the best method for financing the expansion for Wanda's business is taking a loan (e.g. 1 year).

<u>Take a term loan (e.g. 1 year)</u>

A term loan is best described as an amount provided by the bank for a fixed amount and a agreed payment schedule with an interest rate either fixed or floating.

The main advantage of a bank loan is that it would not be repaid on demand instead it would be paid back as per schedule within a period of 1 to 10 years. Another advantage is that you would only have to pay the bank the interest rate and not the company's profit or share.

The disadvantage is that when loans are taken, then the amount (principal) and interest is to be repaid even if the loan is not being used. Another possible disadvantage is that a loan can be obtained if you have any asset (such as a house or car) to be kept as security. This is a guarantee in the likely event the bank's loan is not repaid on time.

<u>Look for investors to fund her business in exchange for ownership in the company</u>

This means finding individuals/institutions to provide financing as capital to be used in business for expansion.

Unlike a bank loan, here the investors accept the risk that if the business fails then their financing would be lost. Therefore, if the business ends up in losses then the amount is not required to be returned to their respective financiers. Another advantage is that you don't require any credit history to earn financing through investors.

The main disadvantage is that the sharing (profits) are divided between multiple investors based on their investment or as per their agreed sharing ratio. Moreover, the new investors might prefer to take more risks for a business to grow and which means that the stakes are always high.

In conclusion, Wanda is working on a small business and which is expanding at a slow rate with the risk being kept at a bare minimum. In which case taking a loan with amount and duration being set at a point where she would be able to return the loan acquired, is a better financing option for Wanda's business.

Read related link on:

brainly.com/question/18403244

6 0
3 years ago
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