Answer:
The seller must be informed when the offer is presented that the depositis a promissory note
Explanation:
A good faith deposit is one that is done by a buyer in which conditions are stated that could result in the loss of deposit by the buyer.
It is a deposit made by the buyer to show he intends to complete the payment later.
In this instance if there is a Goodwill deposit in form of a promissory note, the broker needs to be aware.
So that when he is bringing in a client he will consider the already existing deposit.
Deals that offer more deposit or full payment will be considered and the original buyer discarded.
Answer:
seal
Explanation:
Based on the information provided within the question it can be said that this information is found of the seal of the Lay's potato chips bag. This is is a type of award symbol that demonstrates excellence in a certain area for the product in question. Which in this scenario refers to the "Best Taste Award" that was given to the company by the American Culinary Institute.
One way to make the most of your money is to put any you have left over into your super
For many people, this is a tax effective way to save for the long term.
Two people are assigned the task of, and are present for, opening the mail. The recordkeeper and the person who reconciles the bank balance do not have access to cash.
An organization may define internal controls as a set of policies and practices to safeguard its resources, increase productivity, improve financial accountability, ensure corporate guidelines, and stop employee fraud. Since there is a precise and trustworthy accounting system, internal controls are meant to ensure that loss is eliminated. Internal control involves the timely use of both internal and external auditing or financial reporting resources. As a result, it helps maintain correct and proper financial records, which also helps increase operational effectiveness. Internal controls that are implemented correctly aid in improving operational effectiveness, safeguarding assets, providing accurate financial information, preventing fraudulent or illegal behavior, and timely filing of financial reports.
Learn more about Internal control here:
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Answer:
Material Quantity Variance= 2400 favorable
Explanation:
Given
Actual units = 6000
Planned Units = 5900
Actual Quantity used per unit= 3.9 pounds
Actual Quantity=3.9 pounds*6000= 23400 pounds
Standard quantity for actual units= 4* 6000= 24000
Standard quantity used per unit = 4 pounds
Standard Price = $ 2 per pound
Formula
Material Quantity Variance= (Standard Price) *( Actual Quantity- Standard Quantity)
Working
Material Quantity Variance= (4)*(23400- 24000)= 4 * 600= 2400 favorable
as the actual quantity is more than the standard quantity the variance is favorable.
