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ValentinkaMS [17]
3 years ago
5

A licensee makes a statement that is material to the transaction as though it were a fact when the licensee does not know whethe

r the statement is true or false, and the buyer relies on the statement. As a result of the statement made by the licensee, the buyer suffers damages. This situation constitutes
Business
1 answer:
aliya0001 [1]3 years ago
5 0

Answer:

The correct answer is fraud.

Explanation:

A fraud is an action that is contrary to truth and righteousness. Fraud is committed to the detriment of another person or organization and is punishable by law.

This concept is associated with the scam, which is a crime against heritage or property. It consists of a hoax to obtain an asset, making the person or company that pays believe that you will get something that, in reality, does not exist.

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Based on other stores, and what their prices are too
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3 years ago
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Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following informaition relates
Keith_Richards [23]

Answer and Explanation:

The preparation of the cash budget is shown below:

Beginning Cash Balance        $40,000

Budgeted Cash Receipts        $225,000

Total Cash Available                $265,000

Less

Payment of Raw Mat purchases in Aug ( $80,000 × 35%)          $28,000.00

Payment of Raw Mat purchases in Sep ($110,000 × 65%)           $71,500

Direct Labor Payment            $40,000

Other Cash Expenses            $60,000

Income Tax Paid                    $10,000

Bank Loan Interest Paid    $1,000

Total Cash Disbursements   $210,500

Closing Cash Balance           $54,500

We simply deduct the all cash expenses from the total cash available so that the closing cash balance could come

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3 years ago
What are benefits of using OneDrive to store presentations? Check all that apply. It has syncing capabilities. It is affordable
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Answer:

A, C, D, E

Explanation:

edge

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2 years ago
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You've been introduced to Amy at a local Business and Professional Women's meeting. After you've chatted with her for a few minu
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A. Ask questions about her buisnews and tepl her what you need.
6 0
3 years ago
The Allowance for Bad Debts account had a balance of $8,500 at the beginning of the year and $7,200 at the end of the year. Duri
aliya0001 [1]

Answer:

The total amount of past-due accounts receivable that were written off as uncollectible during the year were: $17,300

Explanation:

The amount of past-due accounts receivable that were written off as uncollectible during the year are calculated by following formula:

Past-due accounts receivable that were written off as uncollectible = The Allowance for Bad Debts account had a balance at the beginning of the year + Bad debts expense was recognized - The Allowance for Bad Debts account had a balance at the end of the year = $8,500 + $16,000 - $7,200 = $17,300

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3 years ago
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