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3 years ago

Drag the tiles to the correct boxes to complete the pairs. Match the types of agreements to their descriptions.

Business

1 answer:

bagirrra123 [75]3 years ago

5 0

Answer:

A will has legal impact after you have passes away and has to be filed with the court.

A living will is similar to a regular will be takes effect while you are still alive to figure out where your assets should be placed.

A trust is an agreement that allows a third party to hold the assets on behalf of a beneficiary.

A prenuptial agreement is an agreement made before a marriage that explains what should happen to their assets in the event their marriage does not last. This is common in famous people due to the amount of money they have.

Explanation:

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A(n) ________ is defined as the frameworks that employees can use to help make conclusions about ethical actions by following a

madreJ [45]

Answer:

Ethical Audit

Explanation:

A(n) ethical audit is defined as the frameworks that employees can use to help make conclusions about ethical actions by following a short, step-by-step list of rules.

An ethical audit can also be defined as the guidance for employee behavior provided in policies and procedures of the company or employer

Usually an ethics audit will aid an employee to make a comparison between actual employee behavior and the expected employee behavior provided in policies and procedures.

3 0

2 years ago

Read 2 more answers

Davita Spencer is a manager at Half Dome Asset Management. She can generate an alpha of 2% a year up to $100 million. After that

Dmitriy789 [7]

Answer:

a. Zero

b. $200 million

c. $2 million

Explanation:

a. The investor invest regular in portfolio with the positive alpha until the portfolio size has driven alpha to zero.

b. Davita return 2% of $100 million = $2 million

1% fee \times X million total under management.

Than, X = $200 million

c. $200 million \times 1% fee given = $2 million

6 0

2 years ago

When an interest-bearing note is dishonored at maturity and ultimate collection is expected, the entry for the dishonoring, assu

tresset_1 [31]

Answer:

The correct answer is C. a credit to Notes Receivable and Interest Revenue.

Explanation:

When this registration is made, what occurs is to decrease the obligation they have with our organization, and an increase in income due to the recognition of the interests effectively recognized at the expiration of the obligation. Dishonoring the note means recognizing that we no longer have a callable value, and that the value receivable is extinguished as a result of the end of the agreed period of permanence.

8 0

3 years ago

Read 2 more answers

Accounts receivable $ 28,500 Long-term notes payable $ 23,000 Accounts payable 16,200 Office supplies 4,000 Buildings 51,000 Pre

Rus_ich [418]

Answer:

Chavez Company's current ratio = 2.202

Explanation:

CLASSIFYING THE BALANCE SHEET ACCOUNTS OF CHAVEZ COMPANY'S

CURRENT ASSETS – 44,040

• Cash 7,500

• Accounts receivable 28,500

• Prepaid insurance 4,040

• Office supplies 4,000

LONG-TERM ASSETS – 51,000

• Buildings 51,000

CURRENT LIABILITIES – 20,000

• Accounts payable 16,200

• Unearned services revenue 3,800

LONG-TERM LIABILITIES – 23,000

• Long-term notes payable 23,000

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

Current Ratio = 44,040 / 20,000

Current Ratio = 2.202

7 0

3 years ago

Harrington Company was sued by an employee in late 2017. General counsel concluded that there was an 70 percent probability that

insens350 [35]

Answer:

Explanation:

From the given information; the objectives are to:

A. Prepare journal entries for this lawsuit for the years ending December 31, 2017, and December 31, 2018, under (1) U.S. GAAP and (2) IFRS.

B. Prepare the entry(ies) that Harrington would make on the December 31, 2017, and December 31, 2018, conversion worksheets to convert U.S. GAAP balances to IFRS.

A. Journal entries for the lawsuit for the years ending December 31, 2017 and December 31, 2018

1 Under US GAAP Debit Credit

31 Dec, Loss on lawsuit-estimated $34,000

2017 Estimated liability for lawsuit $34,000

(estimated liability provided for lawsuit)

31 Dec, Estimated liability for lawsuit $34,000

2018 Additional loss on lawsuit $33,000

Cash $67,000

(cash paid on settlement)

2 Under IFRS

31 Dec, Loss on lawsuit-estimated $56000

2017 Estimated liability for lawsuit $56000

(estimated liability provided for lawsuit)

31 Dec, Estimated liability for lawsuit $56000

2018 Additional loss on lawsuit $11000

Cash $67000

(cash paid on settlement)

Under US GAAP, if there is a range of possible losses but loss cannot be estimated within that range, the entity will record the low end of the range.

Under IFRS, if loss cannot be estimated with in the range, the entity will record the midpoint of range.

N.B:

Additional loss on lawsuit = 67000 - 34000

Additional loss on lawsuit = 33000

Estimated liability for lawsuit = (32000 + 78000)/2

Estimated liability for lawsuit = 56000

B. Journal entry for conversion from US GAAP to IFRS

31 Dec, Loss on lawsuit-estimated $22000

2017 Estimated liability for lawsuit $22000

31 Dec, Estimated liability for lawsuit $22000

2018 Additional liability for lawsuit $22000

6 0

2 years ago