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3 years ago

a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.

Business

1 answer:

NemiM [27]3 years ago

3 0

This action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

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Broker Nina and Broker Vesta work for Principal Broker Griffin. Vesta is working with Marlin, who is interested in purchasing a

Kay [80]

Answer:

B) Single agency.

Explanation:

In real estate, a single agency relationship means that the broker can only represent one of the parties involved in the transaction, either the buyer or the seller, but he/she cannot represent both parties. Most broker-client relationships are single agencies, since that way the broker should pursuit his/her client's best interest.

In a dual agency relationship, the broker represents both he seller and the buyer.

8 0

3 years ago

Bob hasn't been managing his finances very well and is in need of an emergency loan to pay rent. On July 10, he goes to Cash4U f

Andrei [34K]

Answer:

APR = 669.17%

Explanation:

Cash 4U is charging $55 in interest for 6 days, that means it is charging Bob $9.17 in interest per day which is equivalent to 1.8333% daily interest. If we want to determine the APR we just have to multiply the daily interest by 365 days = 1.8333% per day x 365 days = 669.17%

3 0

4 years ago

The current USD/euro exchange rate is 1.4000 dollar per euro. The six month forward exchange rate is 1.3950. The six month USD i

Zigmanuir [339]

Answer:

the six month euro interest rate is 1.36%

Explanation:

Spot exchange rate: 1.4 USD/ EUR

6 month forward rate: 1.3950 USD/EUR

Domestic interest rate: 1% pa

Foreign interest rate: the six month euro interest rate?

We have the formula:

Forward rates = Spot rate * (1+domestic interest rate)/(1+foreign interest rate)

⇔ 1.3950 = 1.4 *(1+1%)/(1+foreign interest rate)

⇔ 1+foreign interest rate = 1.4 *(1+1%)/1.3950

⇔foreign interest rate = 1.01362 - 1 = 0.01362

⇒ the six month euro interest rate is 1.36%

7 0

4 years ago

John has an extra bedroom in his house that he occasionally rents out using the service Airbnb. John charges $100 per night, a

DanielleElmas [232]

Answer:

C. $2304

Explanation:

The annual, after-tax, revenue is:

$100 × 100 nights = 10000.

The tax rate is 28% of 10000 : 0.28 of 10000

Therefore 0.28 × 10000 = 2800.

Revenue = 10000 - 2800 =7200

The annual, after-tax, incremental revenue is:

$110 ×120 nights = 13200.

The tax rate is 28% of 13200 : 0.28 of 13200

Therefore 0.28 × 13200 = 3696

Incremental revenue = 13200 - 3696 = 9504

Then, the subtract the initial revenue from the new revenue.

9504 - 7200 = 2304

Therefore, the annual, after-tax, incremental revenue that John expects from his painting project is $2304

6 0

3 years ago

If a seller's agent or subagent has been informed of a latent defect in the property and the seller on the property disclosure s

Alexus [3.1K]

Answer:

The seller's agent is the correct answer.

Explanation:

6 0

3 years ago