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2 years ago

What are possible red flags or signs of a scam when buying a car?.

1 answer:

lisabon 2012 [21]2 years ago

8 0

The price is below market value: If the price of a used vehicle seems too good to be true Fake escrow services: Though escrow services are a legitimate way to protect your money, fraudsters may attempt to trick you into using a fake escrow service.

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Tony Matheson plans to graduate from college in May 2018 after spending four years earning a degree in sports and recreation man

valentinak56 [21]

Answer:

1. Proprietorship, Partnership and Corporation (details below)

2. Refer the answer with details below

3. Refer the answer with details below

Explanation:

1. Three primary forms of business organizations

Proprietorship

Having a single owner and hence all liabilities and assets belong to the proprietor and he is personally liable, lower tax

Partnership

Partnership of two or more, and therefore profits and liabilities are distributed and they are personally liable, lower tax than corporation

Corporation

Separate legal identity and hence owners are not personally liable, limited liability with stringent controls and regulated, higher tax rates.

Given the circumstances of the Great Adventures i.e. safety and sustainability, corporation would be recommended.

2. Activities

A) Financing Activities may include common stock, borrowings, and repayments.

B) Investing Activities may include purchase and sell of assets like land, building and machinery and investments

C) Operating Activities may include providing goods and services to the customers ans related operational cost to run the day to day business.

3. Specific Account Names

Assets may include Cash, Merchandise Inventory, Accounts Receivable, Property, Plant and Equipment

Liabilities may include Accounts Payable, Bank Overdraft, Notes Payable, accruals, loans.

Stockholders' equity may include common stock, retained earnings

Revenue may include Service revenue, other income

Expenses may include Salaries, Rent, Insurance advertising

8 0

3 years ago

Larry Jones gifts land to a school district, but the deed states "for so long as the land is used for a school." Jones owns a(n)

OleMash [197]

Answer:

Reversionary interest

Explanation:

If Larry Jones gifts land to a school district, but the deed states "for so long as the land is used for a school." Jones owns a reversionary interest.

A reversionary interest can be defined as a property law (deed) which states that when a property such as a land transfer is used on a clause; “for so long as” or “on condition that."

Hence, once the interest of the benefactor comes to an end, the property reverts back to its original owner (grantor). It also gives the grantor's next of kin, successor or heir the power or right to take the property back in the future if promises are broken or the agreement comes to an end.

This ultimately implies that, if a property stated in the deed is not used or used, for certain purposes.

In this scenario, Larry owns a reversionary interest because he gifts a land to the school district, but in the deed he stated "for so long as the land is used for a school."

4 0

3 years ago

which federal agency reviews mergers and acquisitions, and challenges those that would likely lead to higher prices, fewer choic

Ainat [17]

The Bureau of Competition federal agency reviews mergers and acquisitions, and challenges those that would likely lead to higher prices, fewer choices, or less innovation.

The FTC's Bureau of Competition is the section in charge of cracking down on and preventing "anticompetitive" corporate activities. This is achieved through the application of antitrust laws, examination of prospective mergers, and research into other non-merger business practices that can harm competition. Vertical constraints, which include agreements among firms at various levels of the same sector, and horizontal restrictions, which involve agreements between direct competitors, are two examples of these non-merger procedures (such as suppliers and commercial buyers).

Antitrust law enforcement is shared by the FTC and the Department of Justice. The Department of Justice's Antitrust Division has the authority to pursue both civil and criminal antitrust actions, despite the fact that the FTC is in charge of the civil enforcement of antitrust statutes.

Learn more about Bureau of Competition, here

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5 0

9 months ago

On december 31, 2015, wintergreen, inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. wintergreen received $

alexandr1967 [171]

The entry to record the issuance includes a debit to Cash for $139,875 (or par of $150,000 x 0.9325=139,875), a debit to Discount on Bonds Payable for $10,125 (or par value of $150,000 - issue price of $139,875), and a credit to Bonds Payable for $150,000 (the par value).
Amount repaid = Interest payments of $105,000
20 x ($150,000 x 7% x ½)) = $105,000 + $150,000 (par value paid at maturity)= $255,000
Total bond interest expense = $255,000 – $139,875 = $115,125

7 0

3 years ago

Gaston Company is considering a capital budgeting project that would require a $2,400,000 investment in equipment with a useful

Rudik [331]

Answer:

$1,053,890.40

Explanation:

Net operating income $460,000

Less: Tax at 30% $138,000

After tax income $322,000

Add: Depreciation $660,000

Net cash inflow $982,000

Year Cash inflow PVF(13%) PV of cash-flows

0 ($2,400,000) 1 ($2,400,000)

1-5 $982,000 3.5172 $3,453,890.40

Project's net present value $1,053,890.40

7 0

2 years ago