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Bess [88]
3 years ago
6

You are doing a sales presentation for Ms. Duarte and her son. Ms. Duarte has some cognitive impairment and her son informs you

that he has power of attorney to only make financial not health care decisions for her. Can he execute the enrollment for her?
Business
1 answer:
Jet001 [13]3 years ago
4 0

Answer:

Yes he can execute the enrollment for her

Explanation:

The power of attorney is a legal document that given the authority to act in place on another person. It can be represented on behalf of other people so that the act could be done.

Here the individual can act legal with respect to the financial issue, property matters, etc

Therefore according to the given situation yes he can be executed

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Hooper Printing, Inc. has a bond issue outstanding with 14 years left to maturity. The bond issue has a 7% annual coupon rate an
lord [1]

Answer:

9.35%

Explanation:

Annual coupon amount = Coupon rate × Fave value of bond = 7% × 1,000 = $70.

Expected current yield = Annual coupon amount ÷ Current market price per bond = $70 ÷ $749.04 = 0.0935, or 9.35%.

Therefore, the expected current yield for the next year on this bond issue is 9.35%.

6 0
2 years ago
Consider an economy that is in steady state according to the Solow model. Now suppose that a temporary foreign aid program build
skelet666 [1.2K]

Answer:B

Explanation:

3 0
3 years ago
Read 2 more answers
Flounder has year-end account balances of Sales Revenue $843,779, Interest Revenue $12,160, Cost of Goods Sold $531,052, Adminis
ella [17]

Answer:

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

Dr Income Summary $745,754

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

Explanation:

Preparation for the year-end closing entries.

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

($843,779+$12,160)

Dr Income Summary $745,754

($531,052+$177,930+$36,772)

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

($855,939-$745,754)

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

5 0
2 years ago
Imagine that a local water company issued $10,000 ten-year bond at an interest rate of 6%. You are thinking about buying this bo
mylen [45]

Answer:

Explanation:

The $10,000 is the face value of the bond. Using a financial calculator, input the following to calculate the price at a year before maturity; i.e. at year 9;

Time to maturity; N = 10 - 9 = 1

Annual interest rate; I/Y = 9%

Annual coupon payment; PMT = 0

Face value of the bond; FV = 10,000

then compute present value ; CPT PV = $9,174.31

Therefore, you will pay less than $10,000 for the bond and the price would be  as above $9,174.31

6 0
2 years ago
LO 4.3From beginning to end, place these items in the order of the flow of goods.
mafiozo [28]

Answer:

  1. cost of goods sold
  2. raw materials inventory
  3. work in process inventory
  4. finished goods inventory

Explanation:

solution

As manufacturing industry always keep the track of costs of each inventory as product is moving from the raw material inventory in to the work in process and by the work in process it goes into the the finished goods inventory

so order of the flow of goods from beginning to end is

  1. cost of good sold  
  2. raw material inventory  : it is the total cost of material that is use in production process
  3. work in process inventory : work in process inventory is continually update work cost is record
  4. finished good inventory  : after each job work complete then product is transfer to finished goods inventory

3 0
3 years ago
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