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Softa [21]
3 years ago
10

Jill scott is an accountant with cameron and associates, a law firm in downtown seattle. the firm maintains a checking account w

ith southern rock bank for its operating expenses. on the 10th of every month, jill gets an inventory report from the office manager listing the office supplies that are needed. jill places the appropriate orders with office depot and writes them a check against the office's checking account. who is the drawee in this banking transaction?
Business
1 answer:
Nitella [24]3 years ago
6 0
The drawee is a lawful and investment term used to define the party that has been focused by the depositor to pay a definite amount of money to the individual presenting the payment. A classic instance is if you are encashing a paycheck. The bank that cashes your check is the drawee, so in this case Southern Rock is the Bank is the drawee and the employer is the drawer.
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An Internet search for information about franchise businesses will not help you find out A. the variety of franchise businesses
Nata [24]

Answer:

C. start-up costs

Explanation:

internet is a source of an easy access to a wide amount of available information, but no internet search will be able to provide B. the number of hours that a person will have to put in to make a start up successful, as it depends from person to person and industry to industry D. support you'll receive from the parent corporation, because again it is a highly variable factor A. the variety of franchise businesses available because it is again a highly varying piece of information

8 0
3 years ago
On January 1, 20X8, L Corporation acquired all of the common stock of S Company for $300,000. On that date, S Company's identifi
dimaraw [331]

Answer:

b. 50,000

Explanation:

According to the given situation, the computation of impairment loss is shown below:-

The Amount of impairment loss to be recognized at December 31, 20X8 is

= Net assets - Fair value of reporting unit

= $310,000 - $260,000

= $50,000

Therefore we applied the above formula to determine the amount of impairment loss to be recognized at December 31, 20X8.

3 0
2 years ago
The writing requirement under the Statute of Frauds means that an agreement must simply be evidenced by some type of writing, wr
Misha Larkins [42]

Answer:

It is True. the option (a) is correct

Explanation:

Solution

Given that:

The statue of fraud can be refereed to as the requirements for specific kind of contract that should be in writing and signed by the parties involved with sufficient evidence. the main idea is to stop fraud and other types of injury.

The vital aspect of statute of frauds include  the following:

  • It applies to particular types of contract and they are six classification It include contracts for  an interest for the sale of land, contracts that need to be performed in more than a year, contracts about someone else's debt presumed by other, contract in which marriage is a deliberation, contracts for good sold value more than $500 and promises by executors or administrators.
  • The motive of the contract is that it formalize the concurrence between the parties so that it can be thought seriously.
  • The statute of frauds avert fraudulent conduct of one party to another.

6 0
3 years ago
Historically, 74% of credit card users carry a balance from month-to-month. A certain credit card company would like to study th
Hoochie [10]

Answer:

The probability more than 72% of the cardholders are carrying a balance is 0.2946

Explanation:

Test statistic (z) = (p' - p) ÷ sqrt[p(1-p) ÷ n]

p' is the sample proportion = 0.72

p is the population proportion = 0.74

n is the number of cardholders sampled = 140

z = (0.72 - 0.74) ÷ sqrt[0.74(1-0.74) ÷ 140] = -0.02 ÷ 0.037 = -0.54

The cumulative area of the test statistic is the probability that less than 72% of the cardholders are carrying a balance. The probability is 0.7054.

Probability (more than 72% of the cardholders are carrying a balance) = 1 - 0.7054 = 0.2946

3 0
3 years ago
Garden variety flower shop uses 890 clay pots a month. the pots are purchased at $3.70 each. annual carrying costs per pot are e
balandron [24]

Answer:

The answer is 231

Explanation:

Solution

Given that:

The Number of clay pots per month = 890

The Price of each pot = $3.70

The annual carrying cost = 50% of cost = 1.85

The Ordering cost = $30

The order size=1000

Now,

EOQ = √ 2 * demand  * ordering cost /carrying cost

=√2 *890 * 30 /1.85

=231

6 0
2 years ago
Read 2 more answers
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