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Ronch [10]
3 years ago
9

Hemple Co. maintains escrow accounts for various mortgage companies. Hemple collects the receipts and pays the bills on behalf o

f the customers. Hemple holds the escrow monies in interest-bearing accounts. They charge a 10% maintenance fee to the customers based on interest earned. Hemple reported the following account data:Escrow liability beginning of the year - $ 500,000
Escrow receipts during the year - 1,200,000
Real estate taxes paid during the year - 1.450,000
Interest earned during the year - 40,000

What amount represents the escrow liability balance on Hemple's books?
a. $290,000
b. $286,000
c. $214,000
d. $210,000
Business
1 answer:
Yanka [14]3 years ago
3 0

Answer:

B.

Explanation:

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at a small company, one person prepares the paychecks for employees and another person reviews the check amounts and signs the c
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At a small company, one person prepares the paychecks for employees and another person reviews the check amounts and signs the checks. this is an example of creating checks and balances approach to combatting destructive leadership.

<h3>What is company?</h3>

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4 0
1 year ago
People-based services are ___________ in today’s world. increasing staying about the same varying from day to day decreasing
ddd [48]

<u>Answer:</u>

<em>People-based services are Increasing in today’s world.</em>

<u>Explanation:</u>

Services in which individuals, <em>instead of hardware or apparatus</em>, assume the significant job in conveyance; for instance, individuals assume the significant job in the <em>conveyance of monetary arranging administrations. </em>

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7 0
3 years ago
A company is considering opening a new product line. The building being considered will have a monthly lease and utility payment
abruzzese [7]

Answer:

Results are below.

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<u>Now, using the following formula, we can determine the break-even point in units:</u>

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Break-even point in units= 7,100 / (100 - 40)

Break-even point in units= 118.33 = 119 units

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4 0
3 years ago
Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first pr
klasskru [66]

Answer:

beginning WIP                800

Question: which are the physical units in the beginning work in process inventory?

Explanation:

The beginning WIP and the started and completed untis will be the total transferred units.

<u><em>We first, solve for the start and completed: </em></u>

Unit Stated                     25,200

Ending WIP(incomplete)<u>  2,000   </u>

start and complete        23,200

<em><u>Now, we solve for the WIP: </u></em>

<em><u /></em>

Transferred units      24,000

start and complete<u>  (23,200)  </u>

beginning WIP                800

7 0
3 years ago
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