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3 years ago

A(n) _______ is an arrangement in which a third party promises to be secondarily liable for the payment of another's debt.

1 answer:

3 0

A. guaranty arrangement
The third party is providing a guarantee that the lender will recover the debt regardless of the borrower's reputation to pay.

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Tyree's basketball coach makes his players practice free throws after a difficult practice and under the threat of having the wh

Zinaida [17]

<span>Tyree's coach is likely trying to instill teammate dependability in his players by making them run laps if their teammates do not get at least 75% of their free throwns in.</span>

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3 years ago

Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $80,000 of services on

Stels [109]

Answer and Explanation:

a. The preparation of income statement is shown below:-

Income Statement

Service revenue $80,000

operating expenses

Salary expenses $28,000

Uncollectible accounts

expense $3,273

Total operating expense $31,273

Net income $48,727

Working Note :-

Days Amount Percentage Allowance balance

Current $16,800 0.01 $168

0-30 $5,100 0.05 $255

31-60 $4,000 0.10 $400

61-90 $2,000 0.30 $600

Over 90

days $3,700 0.50 $1,850

Total $31,600 $3,273

b. The computation of net realizable value of the accounts receivable is shown below:-

Net realizable value = Accounts receivable - Allowance for doubtful accounts

= ($80,000 - $48,400) - $3,273

= $31,600 - $3,273

= $28,327

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2 years ago

What drawbacks will you mention to your supervisor?

Daniel [21]

Answer:

A.IM presents the possibility of privileged information being discussed in public forums.

B.IM can be an additional workplace distraction that keeps employees from focusing on tasks.

Explanation: IM(instant messaging) is a kind of Communication channel or platform that allows you to create Private chartroom with others such as your colleagues. Instant messaging alerts you to inform you that someone in your connections is available online to chat if need be you will enter into a chat Section with him or her,instant messaging is a text based Communication platform.

6 0

3 years ago

Melanie is working in a laboratory and spills a bottle of reagent which sources would most likely tell her how to clean the spil

I am Lyosha [343]

<span>The lab teacher would be one resource that could be asked, since they are likely experienced in the use and disposal of the reagent. Also, in other instances, the Material Safety Data Sheets could be accessed, since they will have all the steps required for handling, disposal, and cleaning of the reagent, and any hazards that need to be accounted for in the cleaning-up process.</span>

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3 years ago

Monica received an inheritance of $70,000. She invested part at 11% and deposited the remainder in tax-free bonds at 10%. Her to

erica [24]

Answer:

The correct answer is $50,000.

Explanation:

According to the scenario, the given data are as follows:

Amount = $70,000

Invested at rate = 11%

Tax free investment = 10%

Total income from investments = $7,500

So , we can calculate the invested at 11% by using following formula:

Let the amount invested at 11% = X

So,

= 11% × X + (70,000 - X) × 10% = $7,500

= 0.11 × X + (70,000 - X) × 0.1 = $7,500

= 0.11X + 7,000 - 0.1X = $7,500

= 0.11X -0.1X = $7,500 - $7,000

= 0.01X = $500

X = $500 / 0.01

= $50,000

Hence, the amount invested at 11% is $50,000.

5 0

3 years ago