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docker41 [41]
3 years ago
8

Seaview city received a pass-through grant from the state. the money is to be distributed to families who, as determined by the

state, are eligible for summer camp scholarships for their children. seaview does not have administrative or direct financial involvement in the program. in which fund should seaview record the grant?
Business
1 answer:
BlackZzzverrR [31]3 years ago
7 0
Seaview should record the grant under AGENCY FUND.

Seaview serves as an agent of the State since it will most likely be the company that will process the eligibility of the candidates to become a part of the summer camp scholarship. The funds will not be used in any Seaview operation. The funds will be used according to the specifications of the State. 
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Monty Corp. bought equipment on January 1, 2022. The equipment cost $360000 and had an expected salvage value of $65000. The lif
Jet001 [13]

Answer:

$295000.

Explanation:

Depreciable cost is the asset costs minus salvage value.

For Monty Corp:

asset cost = $360000,

salvage value =  $65000

Depreciable  cost will be

=$360,000 - $65,000

=$295,000

5 0
3 years ago
Larue buys an ipod for $150 and a new laptop for $1,200, and signs a one-year employment contract for a $4,800 monthly salary to
docker41 [41]

As an employee, Larue will be covered by the statute of frauds for the employment contract and the laptop purchase only.

<h3>What is a statute of fraud?</h3>

This statute is a concept that maintains that some types of contracts need to be executed in writing.

This statutse are used for contracts for the sale of land, agreements involving higher worth of goods, contracts lasting one year etc

In conclusion, in this case, Larue will be covered by the statute of frauds for the employment contract and the laptop purchase only.

Read more about statute of fraud

<em>brainly.com/question/14854791</em>

5 0
2 years ago
For which of the following products is its manufacturer most likely to use intensive distribution? Multiple Choice Waterford cry
Sidana [21]

Answer: The correct answer is "Hershey chocolate bars".

Explanation: For Hershey chocolate bars its manufacturer most likely to use intensive distribution due to the characteristics of the product, which are of the edible type, of consumption and of the type of market in which it is competing, to maintain its competitiveness in the market it is necessary to use an intensive distribution.

5 0
3 years ago
Read 2 more answers
Dawn Swift discovered that 20 years​ ago, the average tuition for one year at an Ivy League school was​ $15,000. Today, the aver
KATRIN_1 [288]

Answer:

C. 7.18%

Explanation:

Formula for calculating growth rate

= (Current amount/initial amount) ^ 1/n - 1

Given that

Initial amount = 15000

Current amount = 60000

n = 20

Therefore,

Growth rate = (60000/15000)^1/20 - 1

= (4)^1/20 - 1

= 1.07177 - 1

= 0.07177

To percentage we multiply by 100

So,

= 0.07177 × 100

= 7.177%

Approximately

= 7.18%

7 0
4 years ago
The NASAA Statement of Policy on Dishonest or Unethical Business Practices of Broker-Dealers and Agents includes prohibitions ag
Semmy [17]

Answer:

B) wash trades

Explanation:

In the case when the wash trades are performed so it consists the simultaneous or near-simultaneous i.e. selling and the repurchase of the similar security for the motive of producing the trading activity due to which price rise. This is the form of how the market manipulates. The other options i.e. given in the question is not considered the market manipulation

Therefore the option B is correct

6 0
3 years ago
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