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Stells [14]
3 years ago
6

Question I - Debbie Debtor borrowed $1,000.00 from First Big Bank. Debbie Debtor agreed to repay the $1,000.00 over eight months

plus interest. Debbie Debtor loses her job and stops making payments to First Big Bank after two months. What is the source of law that governs the subsequent remedies that may be available to First Big Bank
Business
1 answer:
Cloud [144]3 years ago
3 0

Answer:

First Big Bank can file a lawsuit.

Explanation:

Debbie took the loan when he has the job and agreed to refund the loan or borrowed money. Unfortunate circumstances lead to the loss of his job resulting in the stoppage of loan repayment. Since Debbie did not make any crime so it will not come under criminal law but the bank can file a lawsuit against Debbie and he will be liable to pay a fine and penalties.

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A practitioner may perform an agreed-upon procedures engagement on prospective financial statements provided that which of the f
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Answer:

Option b is correct

Explanation:

The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.

6 0
4 years ago
What does the size of the dividend per share of stock depend on?
defon

Answer:

The size of the dividend per share of stock depends on: The corporation's profit

Dividend per share is calculated by: Total dividend / Total shares outstanding,

Which means that dividend per share will increase if the total dividend increases.

Meanwhile, the total dividend will be increased if the company gains more profit

4 0
3 years ago
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John Collins has been a sales rep for AdVance for 18 years. When he began his career with AdVance he followed the money and sold
love history [14]

Answer:

Honesty and sincerity build long-term partnering relationships with customers.

Explanation:

4 0
3 years ago
Adama Company reported a net loss of $6,000 for the year ended December 31, 2014. During the year, accounts receivable increased
____ [38]

Answer:

a.used net cash of $17,000.

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net loss -$6,000

Adjustment made:

Add : Depreciation expense $12,000

Less: Increase in accounts receivable -$15,000

Add: Decrease in merchandise inventory $12,000

Less: Decrease in accounts payable -$20,000

Total of Adjustments -$11,000

Net Cash flow from Operating activities                               -$17,000

6 0
3 years ago
The main determinant of elasticity of supply is the: A. number of close substitutes for the product available to consumers. B. a
AlexFokin [52]

Answer:

B. amount of time the producer has to adjust inputs in response to a price change.

Explanation:

  • When talking about elasticity of supply, we are refering to the sensibility of quantity produced when price changes.
  • If <u>price increases, producers have an incentive to increase the quantity they offer</u>. This will be <u>conditioned by the productive process they face</u>.
  • If it  is relatively easy to increase output when facing an increase in prices  elasticity of supply would be relatevely high.
  • If it is relatively difficult or slow to increase output (think about real assets for example, their production takes more time than produceing candies), facing an increase in prices would not inmediately increase offered quantities. In this case elasticity of supply would be relatively low.
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8 0
4 years ago
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