Answer:
I'm working on this too man. lemme finish it up and ill tell you the answers
Explanation:
Answer:
A)
Explanation:
obesity epidemic in American society increased uniformity and rationality of society
Answer: Debit Bad debt expense $7,300; Credit Allowance for doubtful accounts $7,300.
Explanation: 5% of accounts receivable of $190,000 is $9,500. Remember the credit balance in Allowance for uncollectible accounts is $2,200 prior to any adjustment and this reports to the balance sheet. To reinstate this account to the required provision for uncollectible amount of $9,500, we need to adjust for the difference (that is, $9,500 minus $2,200 existing balance), which is $7,300. <u>Then, the entries above would be recorded. </u>
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Answer: The bank's total loans amount is $160,000.
Explanation: The bank got a total deposit of $200,000 from its customers. The reserve ratio was given as 20%. The is the cash reserve amount that should be domiciled with Fed. So 20% of $200,000, which is the total deposit is $40,000. This means an amount of $40,000 is the reserved cash. Since the bank has chosen not to keep any excess reserves, it means the bank would be availing a total loans amount of $160,000 (%200,000 - $40,000) to its customers.
Correct/Complete Question:
The physical condition of the land and improvements being purchased are NOT guaranteed by either sellers or broker, except as specifically set forth in the purchase agreement. For this reason, brokers require their salespeople to powerfully advise all buyers:
A. of their right to have a personal and professional inspection of the property they are purchasing.
B. purchase errors and omissions insurance for the buyer.
C. to spend at least one night in the house before purchasing.
D. Sign the "safe harbor provision."
Answer:
A. of their right to have a personal and professional inspection of the property they are purchasing.
Explanation:
In the sale of property, either land or house, it is important for salespersons to strongly let buyers know that they have the right to personally and professionally have the property inspected.
This is to avoid a situation where the buyer pays for the property then comes back to say something or some part of the property isn't what it is.
So by inspecting the property personally and professionally, the broker and salesperson are absolved of any issue that might arise from inspection.
Cheers.
