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2 years ago

The acronym now, when used by financial institutions, stands for ________ and is a type of interest-bearing checking account.

1 answer:

5 0

The answer is negotiable order of withdrawal or short for the acronym NOW. The acronym NOW, when it is used in terms of financial institutions, in stands for Negotiable Order of Withdrawal, it is a type of interest-grossing checking account wherein a patron or customer is allowed to create drafts against cash held on deposit or in short words, the owner of the account can write an unlimited amount of checks for drafts or to be used.

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Rent is an example of a(n) _____.

faust18 [17]

Answer:

a. fixed cost

Explanation:

Rent is always negotiated and stated in the tenancy or lease agreement. The lease or tenancy agreement is reviewed either annually or after every two years. The rent amounts remain the same until the time a tenancy agreement is reviewed.

Fixed costs are the business expenses that remain the same throughout the financial period. A business has to incur fixed costs as long as the business is operational. The level of business activity or output does not affect fixed costs. Rent is a good example of fixed costs. A business has the pay the same amount of rent regardless of its production level.

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2 years ago

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Lilit [14]

Answer:number one

Explanation:

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2 years ago

the entity that normally is supposed to determine whether an academic researcher's conflic of interest can be managed is

Delvig [45]

A conflict of interest committee is the entity that normally is supposed to determine whether an academic researcher's conflict of interest can be managed.

<h3>What is conflict?</h3>

Conflicts arise from disparate interests, points of view, or even philosophical notions. Conflict will always exist in society because it might stem from personal, race, class, caste, political, or even international issues. In disagreements that are emotional, intellectual, or theoretical, academic recognition may or may not be a key motivator. Cultural conflict is a form of intellectual conflict that, due to diverse cultural conventions and beliefs, tends to get worse over time.

Group conflicts typically follow a predefined course. An internal conflict, which is typically sparked by conflicts between the group's members, internal disagreements, or a lack of resources, initially interrupts normal group interactions.

To learn more about conflict ,visit:

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3 0

1 year ago

Riley, age 16, and Samuel, age 36, enter into a contract in which Riley will sell Samuel his car for $11,000. The next day, Samu

Olin [163]

Answer: The answer is that Riley cannot enforce the contract because he is a minor.

Explanation:

Contract is an agreement between two or more individuals which is enforceable by the law. For a contract to be considered valid in law it must contain some essential elements such as the following

Offer: This is the person who is making the offer in the contract agreement, known as the offeror

Acceptance : This is the person who is willing to accept the offer, known in this case as the offeree.

Consideration : The law states that, all simple contract must be supported by value consideration known as price.

Intention to create legal relations :The parties in contract must agree to enter into a legal relationship as regard the contract.

Capacity : The law also states that, The parties in contract must be capable of entering into contract at the time of coming into the contract. In other words, the person must be of age of 18 years and above.

Legality : The contract must not contrary to the law , it must be seen to be legal according to the law .

Therefore, in the question under review, Riley is 16 years, by law he is a minor, he has not fulfilled one of the essential elements of a valid contract which is capacity. The law states that, any contract enter into with a minor is null and void according to law.because, as at the time of entering into the contract such a minor is not capable of entering into the contract. Therefore, Riley will not be able to enforce the contract because he is a minor.

3 0

2 years ago

Craig's collected $15,000 from customers for games played in july. craig's sold bowling merchandise inventory from its pro shop

tekilochka [14]

Answer:

cash 15,000 debit

account receivables 15,000 credit

cash 3,000 debit

A/R 5,000 debit

service revenue 8,000 credit

COGS 6,800 debit

Merchandise 6,800 credit

Cash 4,000 debit

A/R 4,000 credit

Cash 2,500 debit

*unearned revenue 2,500 credit

**utilties payable 800 debit

cash 800 credit

salaries expense 3,500 debit

cash 3,500 debit

***prepaid expene 375 debit

prepaid insurance 1,125 debit

cash 1,500 credit

repairs expense 700 debit

cash 700 credit

utilities expense 900 debit

utilities payable 900 credit

Explanation:

We will record following the debit = credit rule

* It will be considered unearned revenue as we didn'0t perform the services we have the obligation to do so therefore, it is a liability.

**as the expense was recorded previously a payable was created to recognize the obligation to pay our utilities. Therefore, we write-off the payable

*** 1,500 is the full contract value for 4 months:

1,500 / 4 = 375 per month

one most is declared as expense and the remainder as prepaid.

7 0

2 years ago