Answer:
A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability.
Explanation:
Given the definitions of liabilities and assets, it is also important to distinguish the <em>point of view</em> when discussing whether a specific item is an asset or liability.
Since a checking account represents money bank users deposit into the bank, that means that the <u>bank owes the money deposited</u> to the bank customer.
Similarly, a car loan is a bank asset. It is an essential bank product representing the money lent to someone. That means <u>bank users owe the bank</u> in that case. Although the bank doesn't possess the loan money after providing someone with a loan, the loan money will be returned to the bank after some time (representing the key asset characteristic).
Answer:
Assets = $66,974
Liabilities = $0
Equity = $66,974
Explanation:
Assets
Assets are resources that are controlled by the business, which generate economic benefits.
Total Assets = Non-Current Assets + Current Assets
where,
<u>Non-Current Assets :</u>
Office Equipment $ 10,000
Computer Equipment $20,000
Total Non-Current Assets $30,000
<u>Current Assets :</u>
Cash $15,000
Accounts receivable $12,882
Computer supplies $2,545
Prepaid insurance $3,220
Prepaid rent $3.300
Total Current Assets $36,947
Total Assets $66,974
Liabilities
Liabilities are present obligations of the business that result in outflow of economic resources.
Total Liabilities = Non-Current Liabilities + Current Liabilities
where,
Non-Current Liabilities = $0
Current Liabilities = $0
Total Liabilities = $0
Equity
Is the residue of what is left when Liabilities are deducted from the Assets
Total Equity = Total Assets - Total Liabilities
= $66,974 - $0
= $66,974
Answer:
1. b. Tax homeowners who plant trees.
2. Win - society and consumer
Loose - tax payers and producers.
Explanation:
1. a). If the good creates a positive externalities, then the 
from the good.
In the context, the following would not help to correct the problem :
Taxing the homeowners who plant the trees.
If the government taxes or takes some money form the people or the house owners who plant trees in their neighborhood will discourage the people to plant the trees and would not help in correcting the problem.
2. If the government pays for the program that helps to increase the planting the trees, then,
the one who will win from this program is : society and the consumers
the one who will loose : tax payers and the producers as the government would impose more tax in order to fuel the project.
<span>In order for a financial portfolio manager to purchase stocks in a British-operated business, it would require various forms of licensing and permissions on behalf of the financial manager to be able to make oversea purchases. This would ultimately allow the individual to make such a transaction.</span>
