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Vlad1618 [11]
3 years ago
14

An art restorer, after attending art school for a number of years, secured a job restoring the paintings for an art museum. Afte

r several years on the job, the artist discovered that he could imitate the artwork of nearly any artist. He decided that he could make some extra money copying the artwork of up-and-coming artists, while staying away from more well-known artists to reduce his chance of getting caught. An art collector searching for a painting by a new artist saw the restorer at an art fair selling various paintings, one of which appeared to be by the new artist. The restorer was selling the painting for $100. The collector thought that the price was very low and that the painting should probably sell for around $500, but she bought the painting anyway, giving the restorer $100 after the restorer confirmed that the painting was an original from the new artist. After taking it to an art appraiser for insurance purposes, she discovered that the painting was a forgery. However, she also discovered that the painting's frame was worth about $125. With which theft offense may the art restorer be charged
Business
1 answer:
Gnom [1K]3 years ago
4 0

Answer: False pretenses.

Explanation:

The art restorer ma be charged with false pretenses. An individual will be charged with take pretense when the person makes an intentional statement so that he or she can defraud a victim.

In this case, through false pretense, the art restorer defrauded the art collector of $100 since the painting was forgery. The art restorer obtained title to another person's property in this case through false pretense is as to defraud the art collector.

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Cbs company invested in a project that is expected to have an annual cash flow of $10,000. the project's life is five years and
Shtirlitz [24]
Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv initial investment?
PMT annual cash flow 10000
R interest rate 0.14
N time 5years
Pv=10,000×((1−(1+0.14)^(−5))÷(0.14))
pv=34,330.81
5 0
4 years ago
If the government increases the excise tax on a gallon of gasoline we can expect the supply curve to shift rightward, quantity d
Bess [88]

If the government raises the excise tax of the product then supply curve tends to shift leftwards. Therefore, The above statement is false.

<h3>What is Supply Curve?</h3>

The supply curve refers to the graphical representation of the supply and the prices of the commodity. It tells how the supply of the commodity affects the prices of the product.

The complete question is attached below.

According to the above situation, when government increases the taxes of the gallon of gasoline then the supply curve will shift leftwards as the supply decreases.

It will lead to the increment in the level of the prices as the demand of the product will fall. Therefore, the above statement is false.

Learn more about supply curve here:

brainly.com/question/15533680

#SPJ1

6 0
2 years ago
Novak Corp. redeemed $134,000 face value, 10% bonds on April 30, 2022, at 103. The carrying value of the bonds at the redemption
Fittoniya [83]

Answer:

bonds payable     134,000 debit

loss on redemption 17,018 debit

cash                                             138,020 credit

discount on bonds payabke        12,998 credit

Explanation:

<u><em>redemption disbursement:</em></u>

face value x redemption quote

134,000  x  103/100 = <em>138,020</em>

<u><em>carrying value:</em></u>            <u>121,002</u>

loss at redemption        17,018

We are using 138,020 cash(asset) to pay a liability for 121,002

<u>discount/premium on the bonds:</u>

face value         134,000

carrying value   <u>121,002</u>

discount:             12,998

In the journal entry we must write-off the bond payable and the discount. Then, declare the loss at redemption and the cash used.

3 0
3 years ago
Determine the interest payment for the following three bonds: 5.5 percent coupon corporate bond (paid semi-annually), 6.45 perce
notsponge [240]

Answer:

Interest payment = Interest rate per period × par value

5.5 percent coupon corporate bond (paid semi-annually)

Interest payment = 1/2 × 0.055 × 1000 = $27.5

6.45 percent coupon Treasury note (Treasury makes semi-annual coupons)

Interest payment = 1/2 × 0.0645 × 1000 = $32.25

Zero coupon bond:

Interest = 0 × 1000 = $0

8 0
4 years ago
Karen has been a buyer for Ocean Mist, a large cranberry processor, for several years. Believing that she knows a great deal abo
Ganezh [65]

Answer:

The answer is letter C, Broker.

Explanation:

In order to know whether Karen's company is a broker. It would be best to define what "Broker" is.

In business, <em>"broker" is defined as a person or a company who acts as a mediator between a buyer and a seller. As an agent, the broker gets commission in every business transaction. He can also represents himself as the buyer or the seller. At this point, he also gets a certain commission. </em>In the situation above, Karen arranges the transaction between the growers and processors of cranberries. At this point, she is acting as a seller and a buyer. She does this on behalf of the other firms. Thus, the answer is letter C, Broker.

<u>Additional Information</u>

Sales Agent- a self-employed salesperson who usually works alone. He obtains orders for companies and receives commission on those orders.

Commission Merchant- a person who buys and sells products. He receives commission for the sales price.

Sales Branch- an independent business which purchases merchandise in bulk from manufacturers. He then processes it and redistributes it to retailers.

Sales Office- this is a location that is used for the purpose of selling. It is often leased.

6 0
3 years ago
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