An in-depth report of all increases and decreases that have occurred in a selected asset, liability, or equity at some point in duration is known as an account.
A liability is something someone or an organization owes, typically a sum of money. Liabilities are settled over time through the transfer of financial advantages such as cash, items, or offerings. liability is defined as the kingdom of being liable for something or something that a person is answerable for. An instance of legal responsibility is someone having to pay returned pupil loans. An instance of liability is the price of an automobile coincidence.
Liability is any money owed to your business enterprise, whether or not it is bank loans, mortgages, unpaid payments, IOUs, or some other amount of money that you owe a person else. if you've promised to pay someone an amount of cash in the future and haven't paid them yet, it is a liability.
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Answer:
c.may be estopped from denying that Dee had authority.
Explanation:
Bluto made a mistake by allowing Dee to have his authority and also act on his behalf. Furthermore, Dee took a payment from the client and ran away with the money without performing any duty. This shows that Dee is not sincere and has committed fraud. In the absence of Dee, Bluto is liability to any criminal act conducted by Dee.
Answer:
petty cash fund 440 debit
cash 440 credit
--stablishment of the fund--
freight-in 46 debit
postage expenses 78 debit
miscellaneous expenses 111 debit
cash shortage loss 12 debit
Cash 247 credit
--reimbursement of the fund--
petty cash fund 50 debit
Cash 50 credit
--incerase of the fund to 490--
Explanation:
The petty fund will be stablish using cash, so we decrease cash and create the petty fund.
Then, the expenditures will be against cash, so we don't have to use the petty fund account.
Lastly, to increase the fund we take from the cash account the 50 dollars increase.
Answer:
Yes, service companies have advantages in the use of this type of tools compared to production companies.
Explanation:
These companies can make massive use of social networks to increase their coverage and satisfaction, and this is achieved by identifying the needs of people to be able to offer services with security and confidence. Any person can require insurance of any kind at least once in their life, and it is at this point that it must be established in such a way that all the offer for which potential customers can decide is known.
Insurance companies have a great advantage over other sectors, and that is that they can easily offer their services through electronic means, online advertising, banners, etc., on the other hand, a company that is dedicated to producing must establish a penetration strategy offering its services or products to potential stakeholders who identify themselves in the sector.
Answer:
interest rate = 15%
value of the bond will decrease
Explanation:
given data
face value = $5,000
time = 5 year
annual coupon payment = $150
solution
we get here interest rate on the borrowed funds that will be as
interest rate = 
× 100
put here value we get
interest rate = 
× 100
interest rate = 15%
and
when bond issued at interest rate = 3 %
but market interest rate 4%
so seller will reduce price of bond less than the face value
because we will look for atleast 4% payout when bond matures
so value of the bond will decrease
