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3 years ago

Which of the following examples is NOT a trust indorsement?

Business

1 answer:

konstantin123 [22]3 years ago

7 0

Answer:

a. Rao indorses his payroll check in blank.

Explanation:

There are many types of indorsements, and out of them one is "Trust Indorsement"

Trust Indorsement is an indorsement to a person who can use the funds for the benefit of the indorser.

Example:

Brian indorses a check to his employee Denny "Payable to Denny, as agent for Brian", This is an example of trust indorsment.

Option b and c are clearly examples of trust indorsements in which you can notice that Rao has indorsed his lawyer and accountant "as agent for Rao".

Whereas, option a is NOT a trust indorsment but rather a "Blank Indorsement"

Blank Indorsment is an indorsement that doesn't have any particular indorsee and only has a signature on it.

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On September 1, Year 1, Gomez Company collected $9,000 in advance from a customer for services to be provided over a one-year pe

Margaret [11]

Answer:

d. $9,000; $9,000

Explanation:

As cash received on January 1 in advance to provide service in one year which is completed on December 31. So all the Unearned revenue is recognized because service for 12 month has been performed so whole amount will be reported in Income statement for the year ended December 31. Only cash received is from the service revenue activity so, it is also reported as $9,000. correct option is d. $9,000; $9,000.

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3 years ago

Which of the following is the type of logical database model that treats data as if they were stored in two-dimensional tables?

Luden [163]

Answer: (C) Relational DBMS

Explanation:

The relational database management system (DBMS) is specifically designed for the purpose of relational databases by using the concept database management system.

The relational database is basically refers to the DBMS which store the data or information in the form of structured format by using various columns and rows.

The relational DBMS makes more easy to access the values which is more specific in the database management system.

Therefore, the relational DBMS is one of the type of logical database system that basically treats the data in the form of dimensional table

4 0

4 years ago

Read 2 more answers

You are considering the purchase of a certain stock. You expect to own the stock for the next four years. The current market pri

murzikaleks [220]

Answer:

The answer is: The expected rate of return from this investment is 26.68%

Explanation:

We are given the following cash flows for this operation:

Initial investment = -$24.50
Cash flow 1 = $1.25 (dividend year 1)
Cash flow 2 = $1.35 (dividend year 2)
Cash flow 3 = $1.45 (dividend year 3)
Cash flow 4 = $56.55 ($1.55 dividend year 4 + $55 stock's sales price)

Using an excel spreadsheet and the IRR function:

=IRR(value 1: value 5) =26.68%

where

value 1 = -24.50
value 2 = 1.25
value 3 = 1.35
value 4 = 1.45
value 5 = 56.55

7 0

4 years ago

In the Overview tab of the Client List, what filter can be applied to only show clients assigned to a specific team member?

Allisa [31]

The filter that can be applied to only show clients assigned to a specific team member is the Client list lead filter. This is further explained below.

<h3>What is a Client List?</h3>

Generally, a client list can be defined as a list of selected, prequalified, and potential clients' names, addresses, and contact information.

In conclusion, the Client list lead filter can limit your client list to only those assigned to you or a member of your team.