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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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Horace is seeking to exchange money in preparation for his trip to Uruguay. He will need 5,000 Uruguayan pesos, and the exchange
STatiana [176]

Answer:

d. $ 263.50

Explanation:

The Exchange  rate is 1 dollar = 19.924 Uruguayan Peso.

We need to buy 5000 Uruguayan pesos but the agent requires a comision of  a 5%  when converting currency, so really we will need to buy:

5,000 Uruguayan pesos + 5,000 Uruguayan pesos* 0.05 = 5,250 Uruguayan pesos.

Now if we apply the given exchange rate we will obtain the amount of US Dollars we need:

x U$S = (5,250 Ur.$)/(19,924 Ur.$/U$S)= 263,50 U$S needed

7 0
3 years ago
Absorption and Variable Costing; Inventory Valuation Bondware Inc., has a highly automated assembly line that uses very little d
Agata [3.3K]

Answer:

Following are the response to the given question:

Explanation:

                            Cost of Goods Sold  

Absorption costing 92000+440\times (520+460+180) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ =  602400

Variable costing 78000+440\times (520+460) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ =509200

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3 years ago
Why are products made in Third World Countries cheaper than goods made in the US?
Lostsunrise [7]

Answer:

Demand in developing countries is lower and so the price is set lower to match the capacity to pay (such as pharmaceuticals). Locally produced goods, especially the outputs of primary production are generally inexpensive and often will be cheaper in developing countries e.g. bananas.

6 0
3 years ago
Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning in
Mekhanik [1.2K]

Answer:

$94

Explanation:

The computation of the cost of the ending inventory using the FIFO method is shown below:

But before that first we have to determine the ending inventory units which is

= 7 units from A to G + 5 units from H to L + 6 units from M to R

= 18 units

And, 6 units are sold

So, the ending inventory units is 12 units

Now the ending inventory is

From last to beginning

= 6 units × $8.50 + 5 units × $7.50 + 1 units × $5.50

= $51 + $37.5 + 5.50

= $94

This is the answer but the same is not provided in the given options

4 0
3 years ago
A group in an overall market whose members have something in common is called a <br> ______.
andrey2020 [161]

Answer:

market segment

Explanation:

A market segment is a group of people in a homogeneous market who share common marketable characteristics.

3 0
2 years ago
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