<u>Calculation of adjusted balance for prepaid insurance at December 31, 2017:</u>
It is given that on December 31, 2017, before any year-end adjustments, Canterbury shoe repair's prepaid insurance account had a balance of $3,500. It was determined that $2,200 of the prepaid insurance had expired.
So the adjusted balance for prepaid insurance at December 31, 2017, shall be (3500-2200) = <u>$1,300</u>
The sponsoring broker should not release the money without a written release from both parties.
If there is any dispute between the parties arises regarding the deposit of Escrow money, the sponsoring broker should not release the money without a written release from both parties or both parties' assigned agents.
In the event a dispute arises over whether or not the earnest cash should be again (for instance, if the seller argues that the purchaser did not notify the seller in a well-timed manner of the cause to return out of the settlement), the escrow holder will hold to keep the earnest money till the dispute is resolved.
The two important factors for a legitimate sale escrow are a binding agreement/agreement between buyer and seller and the conditional shipping to an impartial third party of something of fee, as described, which generally consists of written gadgets of conveyance (provide deed) or encumbrance.
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Answer:
The cash flow to creditors during 2014 was $139000,the amount by which net working capital investment has reduced.
The stockholders invested $241,000 more into the business
The net cash flows from asset is the $1,100,000 net firm's capital spending
Lastly,the operating cash flow is $240,000 as calculated below
Explanation:
Net working capital investment denotes the amount of cash the company parted with in 2014 in financing its current obligations.
Stockholders as the owners of the company made more cash available to the company in 2014 by investing more cash resources in it as follows:
Common stock account increased by $10000($164000-$154000)
Additional paid-in surplus increased by $300000($3090000-$2790000)
The gives $400000 cash from stockholders minus dividends of $159000
Operating cash flow
Net income $0
add interest $101000
Reduction in net working capital $139000
Operating cash flow $240000
Answer:
all of the above
Explanation:
When outcomes are uncertain, a manger must recognise and describe the risks involved. After identifying the risks, the risks must be evaluated to determine the extent of the risk and how the risk would affect the business. After the risks have been evaluated, the risk should be managed. For example, by taking insurance.
For example, if a manager wants to purchase a machine,
the manger has to identify the risks involved : the machine can be stolen, it can injure workers or it might not produce the desired effect
The manger must then evaluate the risks. The risks can be evaluated using capital budgeting methods. e.g. NPV
The manger can manage the risk by taking out insurance
Answer: all of the options
Explanation:
Triffin paradox simply explains the economic interests conflicts that are faced by the countries that have their currencies been used as standards for global currencies.
The Triffin paradox was first proposed by Professor Robert Triffin. He also
warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run and was also responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s.
