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4 years ago

8

Which of the following focuses on verifying compliance with stated securityobjectives, requirements, regulations, and contractua

l obligations?
Ownership
Procedure
Third-party governance
Data classification

1 answer:

hodyreva [135]4 years ago

7 0

Answer:

Third-party governance

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Douglas County sought bids for a construction project. Robert Taggart wanted to submit a bid but knew the project needed rock. H

Jet001 [13]

Answer:

No, there is no contract between the two parties because of withdrawal of offer (Revocation) before the acceptance of the other party.

Explanation:

When one party offers another party and after some time the offer maker withdraws the offer by communicating that they had revoked then the offer is no more available to the other party and is often termed as Revocation. So when the offer maker revokes before the acceptance of the offer by the other party then their is no offer at consideration to the other party, which means if there is no offer then their can not be an acceptance of an offer and of course when there is no acceptance then there is no contract.

The communication of revocation was held before the acceptance of the offer of the other party which agains says that the contract was not actually formed.

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3 years ago

Ralph, a cash basis taxpayer, owns an office building that he leases to various tenants. During 20X8, he signed a three-year lea

vagabundo [1.1K]

Answer:

b. $5,600

Explanation:

A cash basis taxpayer will report revenues and expenses when they are actually collected or paid for. The business transaction is not directly related to the moment that the payment occurs (unlike accrual accounting).

in this case, Ralph should report all the income related to monthly rental payments = $5,000 (Nov. 2008 - Oct. 2008) + $600 (the three last months of rent) = $5,600. Security deposits are not considered rental revenue, so they should not be reported as such.

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4 years ago

Kegler Bowling buys scorekeeping equipment with an invoice cost of $165,000. The electrical work required for the installation c

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The scorekeeping equipment amounted to $198,865 recorded as a cost of equipment.

<h3>What is an Equipment?</h3>

The collection of items or physical resources needed to outfit a person or object, such as the tools utilized during a task or operation of sporting goods equipment, all of a corporate enterprise's fixed assets, except land and buildings.

The calculation for the Total recorded Cost

Invoice cost + Installation cost + Additional Cost + Delivey charges + cost of Repair

= 165,000 + 17,000 + 3,400 + 11,865 + 1,600= $198,865

The Total recorded cost is $198,865.

Thus, the total recorded cost consists of all the costs of equipment including the purchase price, applicable sales taxes, shipping charges, and any additional expenses for preparing the item for use.

Learn more about Equipment here:

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7 0

2 years ago

What is land as a factor of production?

marta [7]

Could be cause of trade , if you have land it is also good for crops which is production

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4 years ago

Fashion house uses the retail method to estimate ending inventory in his monthly financial statements the following information

IgorC [24]

If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
Given
Sales - 200,000
Goods available for sale - 261,000 (cost) & 450,000 (retail)

First, we need to get the cost of retail ratio. the formula is
Cost to Retail ratio= Cost/ Retail
261,000
CRR= ------------- = 0.58
450,000

Next is to get the ending inventory by following this steps
Cost Retail
Cost of Goods Available for Sale $261,000 $450,000
- Sales $200,000
------------------
Ending Inventory $250,000
x Cost to Retail Ratio .58
------------------
Ending Inventory $145,000

So, the estimated ending inventory for the month of July is $145,000.

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4 years ago