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qaws [65]
3 years ago
7

The following are the events and transactions related with a township for the year 2015. You are required to prepare necessary e

ntries for Township for the year 2015.
a. The Township adopted a budget calling for appropriations of $500,000. The estimated revenues (all property taxes) were $450,000.
b. The Township sent property tax bills amounting to $450,000 to property owners.
c. Property owners paid $420,000 of property taxes to the Township.
d. A purchase order of $65,500 was sent to a vendor of supplies.
e. The supplies ordered in transaction d. were received in good order and the accompanying invoice of $55,000 was approved.
Business
1 answer:
Mademuasel [1]3 years ago
8 0
That would be answer A
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A travel agency discovers that it has been charged for payments to a print shop drawn on checks written by an unknown third part
trasher [3.6K]

Answer:

Forgery or Alteration Coverage Form.

Explanation:

The travel agency loss would be covered under Forgery or Alteration coverage form.

Under Commercial Crime insuring agreement, It insures an individual or business against the forgery or alteration of financial instruments e.g promissory notes, drafts, and checks with respect to payment of a sum of money that was made or drawn by the insured or anyone acting on his/her behalf such as next of kin.

8 0
3 years ago
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Property rights, such as copyright law, are enforced by the legal system. explain why protecting property right is essential to
Wittaler [7]
They allow creators, or owners, of patents, trademarks or copyrighted works to benefit from their own work or investment in a creation. These rights are outlined in Article 27 of the Universal Declaration of Human Rights, which provides for the right to benefit from the protection of moral and material interests resulting from authorship of scientific, literary or artistic productions. The importance of intellectual property was first recognized in the Paris Convention for the Protection of Industrial Property (1883) and the Berne Convention for the Protection of Literary and Artistic Works (1886). Both treaties are administered by the World Intellectual Property Organization (WIPO).

so the answer would be C. because a market economy relied on the free exchange of goods and services without rules.
7 0
3 years ago
Read 2 more answers
The elasticity coefficient is determined by looking at the percentage change in quantity divided by the percentage change in pri
krok68 [10]

Answer:

Elasticity coefficient = 0.5

Explanation:

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

percentage change in price if gasoline = 20%

percentage change in quantity demanded = 10%

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

= 10% / 20%

= 1/2

= 0.5

Elasticity coefficient = 0.5

5 0
3 years ago
Southwest Airlines wants to raise $20 million to finance the renovation of their corporate offices, and the company wishes to ra
kompoz [17]

Answer:

D

Explanation:

Direct finance is when a company or individual borrows money directly from the financial market without the aid of a financial intermediary.

Examples include :

  • issuing bonds
  • issuing shares

Indirect finance is when a company or individual borrows money through a financial intermediary. for example, borrowing from a bank

6 0
2 years ago
A company is considering an iron ore extraction project that requires an initial investment of and will yield annual cash inflow
Murrr4er [49]

Answer: D. 15%

Explanation:

The IRR is the discount rate that will make the Net Present Value to be 0.

In other words, the IRR is the discount rate that will make the cash inflow from the investment to be equal to the investment amount.

As the cashflow is constant, it is an annuity and so can be calculated by the Present Value Interest Factor.

Investment cost = $1,100,000

Using the options given;

Discount rate - 14%

Present Value of Cash inflow = 676,507 * Present Value of Annuity factor, 14%, 2 years

= 676,507 * 1.647

= $1,114,207.029‬

1,114,207.029‬ ≠ 1,100,000

Discount rate - 15%

Present Value of Cash inflow = 676,507 * Present Value of Annuity factor, 15%, 2 years

= 676,507 * 1.626

= $1,100,000.382‬

= $1,100,000‬

IRR is 15% as Present value of Cash inflow is equal to Investment cost at a discount rate of 15%.

8 0
3 years ago
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