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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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Since your first birthday, your grandparents have been depositing $ 1 comma 000 into a savings account on every one of your bir

nika2105 [10]

Answer:

The amount of money in my savings account will be closest to $29,213

Explanation:

A fix Payment for a specified period of time is called annuity. The Compounding of these payment on a specified rate is known as Future value of annuity. In this question $1,000 per year payment for 18 years at 6% interest rate is also an annuity.

We can calculate the amount of saving by calculating the future value of the given annuity.

Formula for Future value of annuity is as follow

Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r

Where

P = Annual payment = $1,000

r = rate of return = 6%

n = number of years = 18 years

Placing Value in the formula

As on the 18th payment no compounding interest income is accrued yet because grandparent made it now.

Future value of annuity = FV = $1,000 + 1,000 x ( [ 1 + 6% ]^18-1 - 1 ) / 6%

Future value of annuity = FV = $1,000 + 1,000 x ( [ 1 + 0.06 ]^17 - 1 ) / 0.06

Future value of annuity = FV = $29,213

3 0

3 years ago

Banks can create an unlimited amount of money. True or false, and why?

Eduardwww [97]

Could be true. Banks use the stored money to invest, and if they make the right investments, theoretically they can have excess in money, investing more with the excess, and this keeps happening.

4 0

3 years ago

________ is the stealing of another person's Social Security number, credit card number, and other personal information for the

Aloiza [94]

Answer:

identity theft

Explanation:

Identity theft is the act of illegally taking another person's identity in order to maliciously use his/her credit card info or any other credentials. This is equally illegal as any other kind of theft, as it is almost the same as robbing someone real-time. This can be prevented by double authentications and secure passwords.

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3 years ago

Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3

Tcecarenko [31]

Answer:

$695.24 per unit

Explanation:

Calculation to determine what The unit product cost of Product R3 under activity-based costing is closest to

First step is to Calculate Activity rates

Activity Cost Pool Activity driver Overhead Cost (A) Expected Activity (B) Activity rate (A/B)

Labor related Number of DLH $ 40,636÷13,000 = 3.13 Per DLH

Production orders Number of Order 65,880÷ 1,600= 41.18 Per Order

Order size Number of MH 433,075÷ 7,600 = 56.98 Per MH

Second step is to calculate the Cost assigned to Product R3

Cost assigned to Product R3

Activity name Activity Rates Activity ABC Cost

(A) (B) (A x B)

Labor related 3.13 * 11,000 =$34,430

Production orders 41.18* 1,200=$49,416

Order size 56.98*3,900= $222,222

Total Overheads assigned $306,068

($34,430+$49,416+$222,222)

Production 1,100

Overhead cost per unit $278.24

Product R3

Direct material $211

Direct labor (10x $20.60 per DLH) $206

Overheads $278.24

Total Cost per unit $695.24

($211+$206+$278.24)

Therefore The unit product cost of Product R3 under activity-based costing is closest to $695.24 per unit

3 0

2 years ago

many say that companies have a right to drug-test their employees because drug use impairs an employee's performance. how do des

marin [14]

The workplace is the location of the arbitrary drug testing. This is done to see if any of the workers are using drugs. The testing aids in determining the quantity and frequency of recent alcohol and illegal substance usage.

The impairment brought on by stress or other factors is not tested during random testing.Employees are subjected to random exams, which are probably inspections of their physical conditions to determine whether they are drug users and how their bodies have been impacted by drugs to the point where they are unable to perform their regular jobs.

Employees who are discovered to be using illicit drugs receive warnings and are fired from their positions.Any unannounced, without prior notice chemical screening for the presence of typically illicit narcotics in a sample of one's blood, hair, or urine is known as a "random drug test."Being unexpected and without prior notice, it is random. This is done to weed out workers who use heavy drugs, which frequently renders them ineffective or ineligible for employment.

To know more about drug- testing visit:

brainly.com/question/15180584

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10 months ago