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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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What is investing best for
Colt1911 [192]

Answer:

Investing is best for Stock Market, Investment Bonds, Mutual Funds, Savings Accounts, and Physical Commodities.

Explanation:

Stock Market has reference to the collection of markets and exchanges where regular activities that take place are buying, selling, and issuance of shares of publicly held companies. These financial activities are being coned by means of formal exchanges that are institutionalized or market places over-the-counter (OTC) operating under a set of defined regulations.  

Investment Bonds have reference to the life insurance policies wherein you are investing a lump sum in various available funds. There is a fixed term for some investment bonds, whereas others don’t have any set investment term. Upon encashment of your investments, the amount you get back is outright dependent on how better – or how worse – the investment has been done.  

Mutual funds refer to investments pooling your money altogether with other investors for the purchase of shares towards collecting stocks, bonds, or other securities, having reference to as a portfolio, that may have the probability of recreation on your own. A portfolio manager typically oversees Mutual funds. Variety of fees is linked with mutual funds. Some funds are available with transaction charges for purchases and sales or commissions known as loads.  

Savings Accounts imply deposit account that is interest-bearing held at a bank or other financial institution. Even if these accounts are paying a modest rate typically, their safety and reliability enable them to become a great choice for parking cash wanted by you that has availability for short-term needs. Savings accounts, though are having some limitations on the frequency of your funds withdrawal, generally they proffer flexibility quite exceptionally, ideal for the construction of emergency fund.  

Actual commodities undergoing delivery to the contracted buyer when a commodity contract is completed in the spot market or the futures market are known as Physical Commodities. Different from other financial assets, these commodities are having a physical component for hedging as well as valuation. Physical Commodities have broader classification into energy, metals, agricultural, and livestock with each that are characteristically unique. Even then, similar kinds of commodities are subject to the variability of degrees of quality.  

4 0
3 years ago
Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to st
kipiarov [429]
I got to think about this again. Come back. later!! X=22.15
6 0
3 years ago
The collision repair industry does what volume of business per year? A. $1 million B. $10 Million C. $1 Billion D. $10 Billion
Eva8 [605]

Answer: D. $10 Billion

Explanation:

The United States has a large economy with a very large number of cars which was estimated to be around 280 million in the last quarter of 2019. With these many cars it would be improbable that there would not be quite a number of accidents and there are. In the year 2018, around 12 million cars were involved in motor accidents.

With such a staggeringly high number of cars involved in collisions, it is no wonder that it is estimated that the collision repair industry does around $10 billion worth of business every year.

6 0
3 years ago
Jill wants to add an additional drive to her portable computer. she has a spare 1-tb sata hdd. given such scenario, what would e
Gre4nikov [31]
Answer is: she needs to insert<span> the SATA drive into an external enclosure (cage for drive) and connect it into an eSATA socket on the back of the portable computer.
External SATA (eSATA) is </span>standard hardware interface for connecting hard drives. <span>eSATA ports on the back of the portable computer (laptop) accept external SATA drives.</span><span />
8 0
3 years ago
Cost of Merchandise Sold is a liability account.<br> True<br> False
jeyben [28]

Answer:

true

Explanation:

4 0
3 years ago
Read 2 more answers
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