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3 years ago

Only you can open your safety deposit box. True False

Business

2 answers:

SVEN [57.7K]3 years ago

7 0

Answer:

TRUE

Explanation:

That's true. As long as the person is alive, only he or she can open the safety deposit box. This is a way of ensuring the confidentiality and financial privacy of people. The only way for another person to gain access is after the holder's death, but only after due process of inheritance.

Amanda [17]3 years ago

4 0

Yes and No. In the event of your death or a sickness, you can appoint someone as a deputy to be responsible for the contents of your box. However, other people, like the IRS, cannot open your <span>safety deposit box.</span>

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__________This import tax was meant to replace the earlier "Tariff of Abominations", but it was widely disliked by southern merc

mrs_skeptik [129]

Answer:

Tariff of 1832

Explanation:

The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.

Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.

The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.

7 0

3 years ago

Indiana Co. began a construction project in 2021 with a contract price of $150 million to be received when the project is comple

Over [174]

Answer:

Recognize $ 1.50 millions gross profit in 2022

Explanation:

Year end 2021 Year end 2022

A Contract Price $150.00 $150.00

B Cost Incurred to Date $36.00 $94.50

($36 + $58.50)

C Estimated cost yet to be

incurred to complete

the contract $84.00 $0.50

Total Cost $120.00 $135.00

D = B+C

Percentage of Completion 30.00% 70.00%

E = (B ÷ D) × 100

Revenue to date $45.00 $105.00

F = A × E

G Revenue of Previous year $- $45.00

Net Revenue this year $45.00 $60.00

H = F - G

Cost to date $36.00 $94.50

I (=B)

J Cost to date of previous year $- $36.00

Net Cost for the year $36.00 $58.50

K = I - J

Gross Profits $9.00 $1.50

L = H - K

Therefore the correct answer is Recognize $ 1.50 millions gross profit in 2022 hence, option is not available.

3 0

3 years ago

What is the difference between a traditional savings account and an online savings account

Rudiy27

In traditional savings account, you can withdraw money whenever you need it without a financial penalty. In online savings account, link to traditional or online checking accounts and you enter your banks routing number and account number on the application. You can also transfer money between linked accounts with online savings. (hope this helps:)

6 0

3 years ago

The buyer of a futures contract A. assumes the short position. B. may not sell the contract without the permission of the origin

Anit [1.1K]

Answer:

Explanation:

Firstly, before we answer this question, we need to know what a futures contract is.

A futures contract can be defined as an agreement specifying the delivery of a commodity or a security at an agreed future date and at a currently agreed price.

This means to set a future contract rolling, we need to have an agreed date if delivery and currently agreed price by both parties involved.

Now, to the question, the correct answer is D. He has the obligation to deliver the underlying financial instrument at the specified future date

6 0

3 years ago

PGP Co. expects to issue a $1,000 face-value bond that matures in 8 years. The annual coupon rate is 9% and interest payments ar

Harlamova29_29 [7]

Answer:

Required return is 8.75%

Explanation:

Given,

FV (Face Value) is $1,000

PV (present Value) is computed as:

PV = FV × Price

= $1,000 × 101.4%

= $1,014

Nper (Number of years) is 8 years

PMT (Monthly payment) is computed as:

PMT = FV × Coupon rate

= $1,000 × 9%

= $90

r (Required return) is computed by using the excel formula:

=Rate(nper, pmt, pv, fv, type)

= Rate (8,90,-1014,1000,0)

= 8.75%

4 0

3 years ago