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BaLLatris [955]
3 years ago
9

Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial, is branching out into the field of escrow handling. They

know the corporation must be licensed by the State of California. There are a total of 5 officers, trustees, and other employees who will have access to the money or negotiable securities in the possession of the corporate license, and have furnished a bond of indemnification against loss. Has the corporation fulfilled all necessary licensing requirements to work in escrow handling?A) No, they must also make sure that all monies deposited in escrow be placed in a trust account that is exempt from execution or attachment.
B) No, they must also be able to show that the company is financially solvent.
C) No, they must also meet the requirements in Answers A and B. In addition, the corporation must furnish a surety bond in the amount of $25,000.00, or more, based upon yearly average trust fund obligations.
D) Yes, the corporation has filled all necessary obligations to be licensed.
Business
1 answer:
Elena L [17]3 years ago
5 0

Answer:

C. No, they must also meet the requirements in Answers A and B. In addition, the corporation must furnish a surety bond in the amount of $25,000.00, or more, based upon yearly average trust fund obligations

Explanation:

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Owen Cartwright has joined a real estate syndicate that bought an office building in downtown Orlando, Florida. What type of inv
Rus_ich [418]
The correct option is B.
Investment in real estate can be categorized as direct and indirect investment. An indirect investment in real estate is one in which the investor buy shares in a privately or publicly owned company. Indirect real estate property investment give the investors the opportunity to invest in real estate through the  mean of buying shares from appropriate institutions.
8 0
4 years ago
Read 2 more answers
B MC Qu. 7-200 Krepps Corporation produces ... Krepps Corporation produces a single product. Last year, Krepps manufactured 29,0
Gwar [14]

Answer:

a) $158.41

Explanation:

Unit product cost under absorption costing = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead / Total manufactured units

= (214,674 + 121,842 + 243,684 + 319,110) /29,010

= $899,310 / 29,010 unit

= $31 per unit

Ending inventory = $29,010 - $23,900 / $31

= $5110 * 31 per unit  

= $158,410

8 0
3 years ago
McKean Corporation authorized 500,000 shares of common stock in its articles of incorporation. On May 1, 2019, 100,000 shares we
Solnce55 [7]

Answer:

100,000 shares and 80,000 shares

Explanation:

Calculation to determine how many shares were issued and outstanding, respectively

The shares that were issued will be 100,000 shares that were sold to the company's founders while the shares outstanding will be 80,000 shares Calculated as :

Shares outstanding=Shares issued -Shares repurchased

Shares outstanding=100,000 shares-80,000 shares

Shares outstanding =80,000 shares

Therefore the Number of shares that were issued and outstanding, respectively are:100,000 shares and 80,000 shares

6 0
3 years ago
Vaughn Manufacturing reported total manufacturing costs of $450000, manufacturing overhead totaling $98000, and direct materials
WARRIOR [948]

Answer:

Direct labor cost will be equal to $236000

Explanation:

We have given total manufacturing cost = $450000

Manufacturing overhead totaling is equal to $98000

And direct material totaling is equal to $116000

We have to find the direct labor cost

Direct labor cost is equal to

Direct labor cost = Total manufacturing cost - manufacturing overhead totaling - direct material totaling

= $450000 - $98000 - $116000 = $236000

So direct labor cost will be equal to $236000

3 0
3 years ago
The settling of any net deficit in the combined current, and capital and financial accounts is done with
MatroZZZ [7]

Answer: official reserves

Explanation:

The official reserve account is simply part of capital account which has to do with securities and foreign currency that are being held by the central bank of a particular country and which are used to balance payments yearly.

It should be noted that when there's trade surplus, there'll be increase in reserves and when there is a deficit in trade, there'll be decrease in reserves.

4 0
3 years ago
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