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ArbitrLikvidat [17]
3 years ago
13

A clearinghouse scam involves a victim receiving: a. a letter that claims he or she has inherited a significant amount of money.

b. mail from a known party who claims to have access to large sums of money or assets. c. a letter that falsely claims the writer represents a foreign bank. d. an email containing their Social Security number and/or credit information.
Business
1 answer:
Vitek1552 [10]3 years ago
5 0

Answer:

c. a letter that falsely claims the writer represents a foreign bank.

Explanation:

A clearing house is a financial institution that should be created for exchanging the payments, securities, or transactions related to derivates. It stands between the two clearing firms. Its motive is to decrease the member risk that failed to honor the trade settlement liabilities

So the clearing house scam includes the victim that collect the letter in which there is false claims where the writer shows the foreign bank

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Cantrell company is required by law to collect and remit sales taxes to the state. if cantrell has $8,000 of cash sales that are
lawyer [7]

Answer:

The journal entry for the cash receipt and on that the sales tax is charged is as follows:

Explanation:

Cash A/c................................Dr  $8,640

      To Sales A/c.............................Cr $8,000

      To Sales Tax Payable A/c.....Cr  $ 640

Working Note:

Sales Tax Payable = Amount of cash sales × Rate of Sales Tax

                               = $8,000 × 8%

                               = $640

So, the total of cash received will be = Sales Amount + Amount of sales tax payable

= $8,000 + $640

= $8,640

4 0
3 years ago
Read 2 more answers
A__________is designed to reduce the cost of transporting materials while maintaining safe and reliable delivery.marketing infor
Cloud [144]

Answer:

The answer is logistics information system.

Explanation:

Logistics is defined as the process of delivering goods from point of origin to point of consumption through various transportation methods. Logistics management can be very complex, depending on the type of product that the company manufactures or distributes. Because in executing a logistical operation, one requires coordination with multiple parties, a logistics information system would be beneficial in ensuring that the process is done in the most efficient and effective manner .

3 0
4 years ago
In 1895, the winner of a competition was paid $150. In 2006, the winner's prize was $70,000. What will the winner's prize be in
Jobisdone [24]

Answer:

the price will grow to $ 507,571.77 If it continues with the same grow rate

Explanation:

first we solve for the rate:

2006 - 1895 = 111 years

Nominal (1+r)^{n} = FV\\150 (1+r)^{111} = 70,000\\\\r = \sqrt[111]{70,000 / 150 } -1

r =  0.06  

Now we apply this rate for the year 2040:

2040 - 2006 = 34 years

Principal \: (1+ r)^{time} = Amount

Principal 70,000.00

time 34.00

rate 0.06000

70000 \: (1+ 0.06)^{34} = Amount

Amount 507,571.77

6 0
3 years ago
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svp [43]

Answer:

The risk of arrest.

Explanation:

When someone contemplates robbing an establishment they consider how quickly the police will respond in certain areas.

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3 years ago
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