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3 years ago

What is the meaning of remittance

Business

2 answers:

HACTEHA [7]3 years ago

5 0

<span>a sum of money sent or in payment for goods or services or as a gift.
</span>

yanalaym [24]3 years ago

3 0

The action of spending money in payment.

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6. A listing broker should:

irina [24]

A listing broker should c. suggest a listing price based on comparable market data.

What does the term "listing broker" mean?

Listing brokers and listing agents are normally paid only if the sale is successful. A listing broker, often known as a seller's agent, is in charge of representing the interests of those wishing to sell a property. Historically, a commission for selling a house has typically been in the range of 6% of the selling price. The listing broker or agent and the buyer's or selling agent each receive an equal share of the commission. The most frequent type of listing agreement is an exclusive right to sell listing. For a predetermined amount of time, the broker has the sole authority to market the property under the terms of this agreement.

To know more about broker click on the link below:

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7 0

1 year ago

A 65-year old widow that is in a low tax bracket and that has a low risk tolerance wishes to make an investment that will provid

sasho [114]

Answer:

Bank Certificate of Deposit (CD)

Explanation:

For the 65-year old widow in this scenario, the best recommendation would be a Bank Certificate of Deposit (CD). A traditional Bank CD is a time-bound deposit, in which you enter into an agreement to let the bank use your money for a fixed period of time, and in return, the bank pays you a higher interest rate than it would for a traditional savings account. Thus providing a good income with very low risk.

4 0

3 years ago

Please help!!

KonstantinChe [14]

Incomplete question. Answered from a general perspective.

<u>Explanation:</u>

The following two circumstances may warrant a professional response to an online post:

when the comment constitutes misleading/false information about the company.
the comment indicates a sincerely confused customer wanting to solve an issue or get answers to their query.

Guidelines:

Maintain formality in reply
Be polite in reply
Express appreciation for the feedback.
Apologize where necessary.
Reinstill trust.

5 0

3 years ago

The corporate charter of Imp Company authorized the issuance of 10 million, $1 par common shares. During 2021, its first year of

lesantik [10]

Answer:

Paid -in Excess capital as on December 31, 2021 $124 million

Explanation:

The computation of the amount reported as a additional paid-in capital is shown below

For Jan 1, 8 million × $15 $120 million

For June 3, 2 million × $18 ($36 million)

For December 28, 2 million × $20 $40 million

Paid -in Excess capital as on December 31, 2021 $124 million

7 0

3 years ago

On April 1, 2016, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $57,200, ha

Harman [31]

Answer:

2016 Depreciation

Dr depreciation expense $5720

Cr Accumulated depreciation $5720

2017 Depreciation

Dr depreciation expense $5720

Cr Accumulated depreciation $5720

Journal entries for 2018 expenditure

Dr repairs and maintenance $2900

Dr Equipment account $11850

Cr Cash account $14750

2018 Depreciation

Dr depreciation expense $4800.83

Cr Accumulated depreciation $4800.83

Explanation:

There are two policies for depreciating non-current asset especially when it is acquired part-way through the year like we have here, namely full year depreciation in the year of purchase and none in the year of disposal or proportional depreciation throughout the useful life,I am adopting the former in this question.

Formula for depreciation=cost-residual value/useful life

Yearly depreciation is ($57200-$0)/10=$5720

However,after two years the book value is calculated thus:

Book value=$57200-($5720*2)=$45760

additional cost incurred in enhancing the capacity of the asset would be added : $45760 +$11,850=$57610

Since the useful life has also been reviewed up to 12 years, the depreciation from now on is $57610/12=$4800.83

5 0

3 years ago

Read 2 more answers