If the homeowner continues to default on the loan, the lender will foreclose on the house. ... A foreclosure sale / auction is typically the next thing that happens during the process. The lender wants to get the home off their hands as quickly as possible, so they'll usually price it to sell quickly
Revenue is recorded for September, October, November and December of $4,050 each month for a total of $16,200 in the calendar year of 2011, which leaves an Unearned Subscription Revenue Liability on the balance sheet on 12/31/2011 of $32,400.
So revenue earned is a credit balance of $16,200, which is B.
The remaining liability (credit) balance in Unearned
Answer:
Current ratio = 4.04
Explanation:
Current ratio measures the ability of a business to settle its short term obligations using its liquid financial resources (current assets)
<em>A current ratio in excess of 2 is considered as adequate (except for some special occasions) and vice versa</em>.
Current ratio is computed as follows:
Current ratio = current assets/current liabilities
Applying this we have
$
Cash 102
Receivable 94
Inventory 182
Other current assets <u> 18</u>
<em>Total current assets 396
</em>
<em><u>To</u></em><em>tal current liability 98</em>
Current ratio= Total current assets / T<u>o</u>tal current liability
Current ratio = 396/98= 4.04:1
Current ratio = 4.04
Answer: The correct answer is "A. Hire a security consultant to provide direction.".
Explanation: The statement "Hire a security consultant to provide direction." represents the best practice your bussiness should observe because the most convenient thing would be to hire a security consultant company that, being specialized in it, will provide us with the information and actions to be taken to support the credit card numbers along with the other data without risk.
Answer:
(D) Abby, Ben, and Clara
Explanation:
Given that each of the five citizens will share the cost of the public good equally (that is, $200 each), citizens who derive benefits greater than $200 are likely to vote in favor of an equal share of the cost since this option will result in a net benefit of the public good to them.
For instance, net benefit to Abby = $220 benefit - $200 cost = $20 net benefit.
On the other hand, citizens who derive benefits worth less than $200 are less likely to vote in favor of an equal share since an equal share will result in a net loss to them.
For instance, net loss to Matt = $120 benefit - $200 cost = $80 net loss.
Therefore, Abby ($220), Ben ($210) and Clara ($210) are likely to vote in favor of a proposal for an equal share of the cost, since the benefit they derive is greater than the cost in an equal share $200.
