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3 years ago

The CCCS aids families by:

Business

1 answer:

Hitman42 [59]3 years ago

6 0

Answer:

The correct answer would be option A, Setting up a budget for them.

Explanation:

CCCS stands for Consumer Credit Counseling Services. The Consumer Credit Counseling Services provide a set of services to the clients which may include the financial education, budgeting assistance, debt management plans, etc.

The consumer credit counseling services aids families by setting up a budget for them. They formulate a plan for how to spend their money on things. They formulate a budgeting plan for the families to take the best and greatest advantage of their money.

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What was the result in the Lucy v. Zehmer case (referenced in the textbook) involving whether allegations of joking regarding th

iogann1982 [59]

Answer:

The Supreme Court ruled in favour of the Complainants, enforcing the contract.

Explanation:

The Lucy Vs Zehmer case was one of decision on if a contract was binding or not on the basis of the undisclosed intentions of the parties involved in the contract. Zehmer alleged that he had jokingly sold and transferred title to Lucy while drunk. However the court ruled that contract for the sale of land to Lucy was valid on the basis that the secret intentions of Zehmer was not known or disclosed in the sale of the land and only his actions count for the contract to be binding.

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3 years ago

the xyz block company purchased a new office computer and other depreciable computer hardware for $12,000. during the third year

Serhud [2]

Present worth is $7,944 ( Considering some assumptions )

Depreciation is the reduction in the value of asset due to wear and tear. Depreciation is charged only on fixed asset on a straight line or on a fixed rate per year.

Computer and other hardware of $12,000 to be depreciated over 5 years with no salvage value

<u>Depreciation </u><u>per year = ( Cost of Asset - Salvage value ) / Useful life </u>

= ($12,000 - $0) / 5 = $12,000/5 = $2,400 per year

It is assumed that the assets are donated at the end of third year and depreciation of that year is fully charged.

Depreciation for 3 years = $2,400 x 3 = $7,200

Now As all these event happened in the past and it is assumed that we are standing at the end of year 3, the present worth of the all these depreciation is actually the future value of these deduction because it was made earlier.

Present worth of depreciation is as follows

Present Worth = [$2,400 x (1+0.1)^2 ] + [$2,400 x (1+0.1)^1 ] + [$2,400 x (1+0.1)^0 ] = $2,904 + $2,640 + $2,400 = $7,944

Third deduction was made at the date when worth is being calculated.

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1 year ago

The real GDP of Country A grew by only 1% from 2011 to 2013, while the real GDP of Country B grew by 5% during that same time sp

Ray Of Light [21]

Correct answers: Country B will eventually have a higher real GDP than country A if the economy of each county continues to grow this way.

Incorrect answers: Country A has a high real GDP. Country A has a modestly high quality of life. Country A’s economy has been in a period of contraction. Country B has a very high quality of life. #Smokeweedeveryday

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3 years ago

Burr Publishers purchased a building on March 20, 20Y1, for $160,000. Other amounts related to this purchase are as follows:

RUDIKE [14]

Answer:

1. Which amount related to this purchase should be recorded in the accounting records?

d. 160,000.

According to the historical cost principle, assets must be recorded at their original purchase price, only accumulated depreciation can adjust their value.

2. The resources owned by a business are its _____.

c. assets.

Assets are all the resources a business uses to carry out their normal business activities and operations.

3. The rights and claims of creditors on a company's assets are represented by _____.

a. liabilities.

Liabilities represent all the debts that a company has.

4. Which element of the accounting equation represents the rights of owners?

b. owner's equity.

Equity refers to the part of a company owned by its stockholders or owners. A company can finance itself through all equity, or it can have a mixed financing structure with equity and debt (liabilities). The investment made by the owners of a company is represented by the equity part of the balance sheet.

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3 years ago

Vnich of the following a Morales ik rom diving area

PtichkaEL [24]

Answer:

A. Distracting billboards

Explanation:

Billboards are huge advertisements placed on the roadsides. They promote products or brands of different companies. They also advertise events and popular venues. Billboards are for commercial use and located in urban centers.

Billboards are paid for; hence, they will be placed where there are likely to communicate to a broad audience. In rural areas, billboards are not economically viable due to the sparse distribution of people. For this reason, billboards do not pose any risks to people driving in rural areas.

Unpaved, poorly maintained roads, Poorly lit roads at night, and Wildlife or livestock crossing roads are characteristics or rural setting. Anyone driving in the upcountry is highly likely to encounter them.

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3 years ago