1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zimovet [89]
3 years ago
5

If a purchasing agent must put up a cash deposit for construction services, for security purposes, instead of giving it directly

to the contractor, he or she may insist that it be placed in a(n):
Business
1 answer:
eimsori [14]3 years ago
5 0

Answer:

Escrow account

Explanation:

An escrow account is a type of account in which a third party helds a certain amount of money while two parties complete a transaction. This is used to protect people from fraud when they are involve in transactions like purchasing a house as both parties can trust that the money is safe and the third party only provides the funds when they agree with everything and are happy with the results.

According to this, the answer is that if a purchasing agent must put up a cash deposit for construction services, for security purposes, instead of giving it directly to the contractor, he or she may insist that it be placed in an escrow account because the money would be safe and it would be maintained by a third party that will provide the funds when the services are complete.

You might be interested in
Which of the following situations represents financially responsible choices? Select all that apply.
Gnom [1K]
<span> making on time payments on a debt
</span><span> purchasing a large kitchen appliance with cash 
</span><span> saving 25% of every paycheck</span>
5 0
2 years ago
Read 2 more answers
Mandy Ewing has been working as a veterinarian's assistant for almost a year. Her friend recently told that her employee was in
Crank

Answer:

The correct answer is letter "B": Fair Labor Standards Act.

Explanation:

The Fair Labor Standards Act or FLSA is the U.S. federal law that sets regulations on employees' payments. The FLSA aims to provide fair wages to all workers by <em>establishing minimum wages</em>, compensations for overtime work, and it also builds barriers for child labor.

6 0
3 years ago
List three classified ways of getting into small business?​
lisov135 [29]

Answer:

sole , partnership , team business

5 0
2 years ago
Read 2 more answers
A notice is published stating that RMO 5% convertible preferred stock will be called at $60 per share. The preferred is converti
dybincka [34]

Answer: d. A price near $60

Explanation:

The Preferred Stock was selling at $56 then a notice was circulated that RMO would be calling the stock at a price of $60.

This $60 is more than the current $56 and so this will need to reflect in the price of the stock. The adjustment will cause the Preferred stock to start trading near $60 as traders will seek to take advantage of the impending call by buying at a lower price and thus making a bit of profit when the stock is called at $60. The market will adjust to this because the Preferred stock will be perceived as undervalued. A price closer to the Call price will therefore become the new price to properly value the stock.

6 0
3 years ago
An investment offers a total return of 11 percent over the coming year. Alex Hamilton thinks the total real return on this inves
Ahat [919]

Answer:

2.87%.

Explanation:

The total return, also refer to as Nominal return or Money return, is based on the nominal interest rate. For example, let's say that you deposited $100 into a bank account and the bank offers you an annual return of 11%. This 11% is the stated interest rate, it is known as nominal interest rate, and it is rate before taking into account the effect of inflation. When we deduct the effect of inflation from nominal rate, it gives us the real rate. Real rate reflects the Purchasing Power. The Fisher equation will be used to determine the expected inflation rate. The Fisher equation is as follows:

                                            (1 + i ) = (1 + r) * (1 + h)

where

i = Nominal (Money) rate

r = Real rate

h = Inflation rate

Simply adjust the equation to calculate the inflation rate;

⇒ h = [(1 + i) / (1 + r)] - 1

OR h = [(1 + .11) / (1 + .079)] - 1 = 2.87%.

8 0
2 years ago
Other questions:
  • As dvds become popular substitutes for video cassettes, demand for video cassettes is likely to
    14·1 answer
  • The goals scored per game by a soccer team represent the first quartile for all teams in a league. what can you conclude about t
    15·1 answer
  • GDP is adjusted for inflation bias computed in different years using a common set of fixed base-period prices.
    14·1 answer
  • The sales-volume variance equals:
    14·2 answers
  • If Ming wants a tertiary color, she should combine
    15·2 answers
  • The government tax for a sole proprietorships and a partnership is classified under
    10·2 answers
  • Through the capital budgeting process, financial managers will decide which ___________ the organization will fund.
    15·1 answer
  • ANYONE DOWN TO VIBE WITH MW ON SNAP ILL ADD BACK!!!!
    12·2 answers
  • Qualcomm has developed a groundbreaking new CPU chip. The patent on the chip will last 17 years. You expect that the chip’s prof
    14·1 answer
  • The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!