Answer:
D) illegal because provisions of the Uniform Securities Act cannot be waived
Explanation:
According to the Uniform Securities Act, it refers to that act in which there is a uniform law or the same law that is to be followed state to state
Since in the question it is mentioned that the agent wants to sell a highly valuable i.e not registered also there is a client sign so it would be sold as per the act but this scenario represents the illegal act and also it could not be waived off.
Answer:
b. $16,004.17
Explanation:
The bond pays annual interest of 7% over the 3 years. The annuity factor at 7% for 3 years is 2.6243. The amount of bond is divided by annuity factor to calculate the annual payment of bond. The payment includes bond principal repayment and interest payment. The first payment on July 31 will be for $16,004.17.
Answer:
the operating cash flow is $17,820
Explanation:
The computation of the operating cash flow is shown below;
Annual depreciation = $87,000 ÷5
= $17,400
Now
Operating cash flow is
= (sales - cash costs - depreciation) × (1 - tax rate) + depreciation expense
= ($75,000 - $57,000 - $17,400) × (1 - 0.3) + $17,400
= $420 + $17,400
= $17,820
hence, the operating cash flow is $17,820
A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the result is a loss of 9,000.
During the asset's anticipated useful life, depreciation is allocated in order to charge a fair percentage of the depreciable amount in each accounting period. Amortization of assets with predetermined useful lives is included in depreciation. Depreciation enables businesses to recoup the cost of an item at the time of acquisition. Instead of collecting the full cost of an asset right away, the technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of revenue in the future.
Subtract the asset's cost from its salvage value (what you anticipate it to be worth at the end of its useful life) to determine depreciation using the straight-line technique. The outcome is the amount or depreciable basis.
Depreciation = asset's cost - salvage value
Depreciation = $105,000 - $96,000
Depreciation = $9,000
To know more about Depreciation refer to: brainly.com/question/15085226
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Answer:
September 1, petty cash fund is established
Dr Petty cash fund 230
Cr Cash 230
September 10, petty cash expenses
Dr Supplies expense 53
Dr Postage expense 80
Dr Cash short and over 16
Cr Petty cash fund 149
September 10, petty cash is replenished
Dr Petty cash fund 149
Cr Cash 149
September 15, petty cash fund in increased
Dr Petty cash fund 90
Cr Cash 90
