Well, usually it's theatrical math.
Hope I got it correct.
Answer:
$538,685
Explanation:
Calculation to determine what Scarbrough will receive and record cash of
Receivables $600,000
Less: Amount of the hold back ($30,000)
($600,000 x 5%)
Less: Withheld as fee income ($18,000)
($600,000 x 3%)
Less: Withheld as interest expense ($13,315)
($600,000 × 15% × 54/365)
Cash $538,685
($600,000-$30,000-$18,000-$13,315)
Therefore Scarbrough will receive and record cash of $538,685
The Beverage Act is the Answer
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After a bill receives its first reading, the next step is to send it to the standing committee. This step is taken from the Legislative process of taking Bill through the parliament. The bill is a new proposed law before they accepted by the parliament and made them as new operating government policy<span>.</span>
Answer:
1) For seeking unpaid compensation.
2)Yes
3) by being proactive and ensuring that their documentation is in order and complies with the Act to protect against future mechanic's liens.
Explanation:
1) Mechanic’s liens are legal documents that essentially reserve the rights of the filer to seek unpaid compensation.
2) If the subcontractor or supplier (Donald in this case) isn't paid by the general contractor (whatcom in this case), the law allows the subcontractors to come after the house owner (Alice and harry) and the real property that was improved (which is often a house).
3) Property owners should be proactive from the start. Even before the construction process begins, owners should ensure that their documentation is in order and complies with the Act to protect against future mechanic’s liens. The Act affords great protection for owners when the Act is strictly adhered to. Even minor deviations from the Act by general contractors or subcontractors may declare a lien unenforceable.
Before the improvement starts, the property owner should have: a written construction contract with the general contractor, a contractor’s sworn statement, lien waivers, and an owner’s sworn statement.
