Answer:
Yes it is legal.
Explanation:
Escrow accounts are account in which funds are accumulated for specific disbursements. According to my research on the different requirements and limits on escrow accounts, I can say that based on the information provided within the question what Ron is trying to do is completely legal. This is because there is no legal limit on the number of escrow accounts a broker can have.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer: Option (b) is correct.
Explanation:
Correct Option: Licenses
In United States, there is a licensing system which prohibits the number of taxicabs allowed. So, there are less number of taxicabs companies operates in most of the united states cities.
There is a advantage for the taxicabs companies for using the monopoly power.
Whereas, some of the cities of U.S use 'taxi medallions" as the permits for picking up the passengers.
Answer:
Correct answer is A.
2/12
Explanation:
The total time period for which interest will be accrued and will be credited to the interest income account would be for the period November 1,2018 - December 31,2018 i.e 2 months.
Answer:
$1,290
Explanation:
The revenue to be recognized in march is dependent on if the revenue recognition criteria was met in march. These criteria are
- the cost of goods delivered or service rendered can be measured reliably
- good/services were delivered/rendered in the month
This is irrespective of whether cash was collected or not under the accrual method.
Given that Digby delivers 86 units in March at a price of $15.00, revenue to be recognized
= 86 * $15
= $1,290
