Advanced Debtor–Creditor Relations and Secured Transactions :

1.If a state passes a law giving the first lender to record its mortgage priority over all other lenders that might have an interest in the same parcel of real estate, then this state has adopted a ______________ statute.

notice

race

race-notice

None of these is correct.

2.Suppose you have defaulted on your home loan and the bank has foreclosed on the property and obtained a deficiency judgment against you. In trying to collect on this judgment, which of the following remedies is the bank not permitted to obtain?

Writ of payment

Writ of garnishment

Writ of attachment

Writ of execution

Answers

Answer 1

1. If a state passes a law giving the first lender to record its mortgage priority over all other lenders that might have an interest in the same parcel of real estate, then this state has adopted a race statute.

2. The following remedies is the bank not permitted to obtain is writ of garnishment.

When a defendant or judgment debtor has property in another person's custody or under another person's management, the court may order its seizure or attachment through the use of a writ of garnishment. In possession of the defendant's or judgment debtor's property is the person or business known as the garnishee.

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Related Questions

Which of the following types of loans issued in California may be protected from a deficiency judgment?
A Refinance of a refinanced loan issued in January 2015
B Second mortgage issued in July 2012 to purchase a single family home
C Second mortgage issued in August 2013 to purchase a single family home
D Refinance of a mortgage issued in February 2010

Answers

A mortgage refinance made after one that was issued in February 2010 might be shielded from a deficiency judgement. The deficiency judgement allows lender to collect the debt through regular methods.

In which states are deficiency judgements permitted?

Deficit judgements are permitted in most states. Deficit judgements are generally prohibited only in Alaska, California, Minnesota, Montana, Oregon, and Washington. Deficiency judgements are only permitted in limited circumstances in other states.

What is a deficit judgement and what do the borrower's options are in the event of one?

When the assets used to secure a loan are insufficient to satisfy the debt due by the debtor, a deficiency judgement is given to the creditors. When a debtor becomes insolvent, the creditor has the right to seize the asset used as collateral for the loan and sell it to recoup the obligation.

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1. For each case, determine the maximum quantity of money generated in the
economy after all rounds of leading are completed. Show all your work.
a. Reserve requirement is 10% and excess reserves are $11 million
b. Reserve requirement is 5% and excess reserves are $13 million
c. Reserve requirement is 2% and excess reserves are $7 million

Answers

Reserve requirement is 10% and excess reserves are $11 million is $122.2 million. Reserve requirement is 5% and excess reserves are $13 million is $273.6 million. Reserve requirement is 2 % and excess reserves are $7 million is $357 million.

What is money generated?

In the form of bank deposits, or the figures that show up in your account, banks produce the majority of the money that circulates in our economy.

(a) Excess reserve, the balance of the entire deposit remaining after the reserve requirement of 10% has been met. Therefore, $11 million represents 90% of the total deposit. 11+(11×10%) The entire amount of the deposit will be $12.22 million.

The money multiplier determines how much money is generated.

Money Multiplier = 1/10% of Reserve Ratio = 10

Therefore, Quantity of money generated= $12.22 million * 10 = $122.2 million.

(b) Excess reserve, the balance of the entire deposit remaining after the reserve requirement of 5% has been met. Since $13 million represents 95% of the total deposit,13+(13×5%) There will be a total deposit of $13.68 million.

The money multiplier determines how much money is generated.

Money Multiplier = 1/5 Reserve Ratio = 20

Therefore, Quantity of money generated=$13.68 million * 20 = $273.6 million.

(c) Excess reserve, the remaining balance of the total deposit after the reserve requirement of 2% has been subtracted. 98 percent of the total deposit is therefore $7 million. 17+(17×2%) Therefore, the overall deposit will be $7.14 million.

The money multiplier determines the amount of money that is produced.

Money Multiplier = 1 / Reserve Ratio = 0.5 % = 50

Therefore, Quantity of money generated=$7.14 million * 50 = $357 million

As a result, option (a) $122.2 million (b) $273.6 million (c) $357 million is an accurate answer.

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Mary, a college student, needs to borrow $8,000 today for her tuition. She agrees to pay back the loan in a lump-sum payment upon graduating, 4 years from today. The lender agrees to lending at a fixed 3.85% interest rate during the loan period. What is the total cost of Mary's student loan?

Answers

Answer:

$ 9,304.99

Explanation:

The applicable formula is

A = P x (1 + r)^n

where A is the amount after 4 years

P is principal amount $8000

r is interest rate = 3.85% or 0.0385

n = number of periods: 4

A = $8000 x ( 1 + 0.0385) ^4

A = $8000 x (1.0385)^4

A = $8000 x 1.163123

A =$9,304.99

The following financial information is available for Flint Corporation.

(in millions) 2017 2016
Average common stockholders’ equity $2,825 $2,925
Dividends declared for common stockholders 335 630
Dividends declared for preferred stockholders 45 45
Net income 605 685

Required:
Calculate the payout ratio and return on common stockholders’ equity ratio for 2017 and 2016.

Answers

Answer:

dividends payout ratio = total dividends / net income

dividends payout ratio 2016 = $630 / $685 = 0.9197 = 91.97%dividends payout ratio 2017 = $335 / $605 = 0.5537 = 55.37%

return on equity = (net income - preferred dividends) / average equity

return on equity 2016 = ($685 - $45) / $2,925 = 0.2188 = 21.88%return on equity 2017 = ($605 - $45) / $2,825 = 0.1982 = 19.82%

Daft is a product of the Digby company. Digby's sales forecast for Daft is 506 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Daft's Production After Adjustment have to be in order to have a 10% reserve of units available for sale

Answers

Explanation:

sales forecast for Daft is 506 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Daft's Production After Adjustment have to be in order to have a 10% reserve of units available

Which statement shows that money is a "store of value?" (5 points)

Answers

The statement that shows the money is a store of value is I just used the ten dollars given to me last year.

What does store of value mean?

Money is anything that is accepted generally as a means to pay for goods and services and a method to repay debt.

The functions of money include:

Store of value: any currency used as money must be able to retain its value over the long term. Thus, it can be stored and be used at a future date. Medium of exchange : money should be accepted as a means to exchange for goods and services. Unit of account : money can be used to value goods and services.

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Here is the complete question:

Which statement shows that money is a "store of value?"

I exchanged my dollar for ten dimes.

You can only use currency at that store.

I just used the ten dollars given to me last year.

I carried the money to the store.

If the government increases the excise tax on a gallon of gasoline we can expect the supply curve to shift rightward, quantity demanded to fall, and price to rise.

Answers

If the government raises the excise tax of the product then supply curve tends to shift leftwards. Therefore, The above statement is false.

What is Supply Curve?

The supply curve refers to the graphical representation of the supply and the prices of the commodity. It tells how the supply of the commodity affects the prices of the product.

The complete question is attached below.

According to the above situation, when government increases the taxes of the gallon of gasoline then the supply curve will shift leftwards as the supply decreases.

It will lead to the increment in the level of the prices as the demand of the product will fall. Therefore, the above statement is false.

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If the government increases the excise tax on a gallon of gasoline we can expect the supply curve to

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Answers

Answer:

Explanation:

In the trading of a security, the dealer's spread refers to _____. a. the sum of the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction b. the difference between the bid and asked prices of a security, which represents the dealer's expenses from a security transaction c. the sum of the bid and asked prices of a security, which represents the dealer's revenue from a security transaction d. the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction e. the ratio of the bid price of a security to its asked price, which represents the dealer's markup, or profit from a security transaction

Answers

Answer:

d. the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.

Explanation:

CAPM is an acronym for capital asset pricing model. The capital asset pricing model (CAPM) can be defined as a model or formula that can be used to calculate an investment risk and the expected return on an investment (assets).

Simply stated, the capital asset pricing model gives an investor the relationship between the risk of investing in securities and its expected returns. Thus, it assists investors in making well-informed decisions about whether or not to add to a portfolio.

Additionally, the expected return could be either a profit or loss depending on the risks associated with the securities.

Mathematically, the CAPM is given by this formula;

R_{a} = R_{rf} + \beta_{a} * (R_{m} - R_{rf})

Where;

R_{a} = Expected return on a security

R_{rf} = Risk-free rate

\beta_{a} = beta of the security

R_{m} = Expected return of the market

(R_{m} - R_{rf}) = Equity market premium

In the trading of a security, the dealer's spread refers to the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.

Simply stated, the bid-ask spread refers to the amount by which the bid price by a dealer is lower than the ask-price for a security or an asset in the market at a specific period of time.

The bid-ask spread exists because of the need for dealers to cover expenses and make a profit. A bid-ask spread is use in the transaction of the following items; options, future contracts, stocks, and currency pairs.

Generally, a dealer who is willing to sell an asset or securities would receive a bid price while the price at which the dealer is willing to sell his asset to another dealer (buyer) is the ask price.

QUESTION TWO HEEKS Associates Co. Ltd is considering investing in one of two proposed short-term portfolios of four short-term financial investments. The correlation between the returns of the individual investments is believed to be negligible in both options proposed. The market return is estimated to be 15%, and the risk-free rate 5%. Portfolio 1 Investment A B C D Portfolio 2 Investment A B C D Amounts invested (TZS) 10,000,000 40,000,000 30,000,000 20,000,000 Amounts invested (TZS) 20,000,000 40,000,000 20,000,000 20,000,000 Expected Total return risk 20% 8 22% 24% 26% Expected return 18% 20% 22% 16% 10 11 9 Total risk 7 9 12 13 Beta 0.7 1.2 1.3 1.4 Beta 0.8 1.1 1.2 1.4 Required: a) Calculate the risk and return of the two portfolios using the principles of both portfolio theory and the CAPM. b) Which portfolio appears to be more efficient?

Answers

Portfolio 1: Expected Return 1: 19.6% , Total Risk (σ1): 5.5%

CAPM Expected Return 1: 51%, CAPM Total Risk (σ1): 49.5

Portfolio 2: Expected Return 2: 19.2%, Total Risk (σ2): 4.7%

CAPM Expected Return (E(R2)): 50%, CAPM Total Risk (σ2): 48.1

a) Portfolio Risk and Return Calculation:

Using Portfolio Theory:

For Portfolio 1: Expected Return 1 = (Weight A * Return A) + (Weight B * Return B) + (Weight C * Return C) + (Weight D * Return D) Expected Return (E(R1)) = (0.1 * 18%) + (0.4 * 20%) + (0.3 * 22%) + (0.2 * 16%)

= 1.8% + 8% + 6.6% + 3.2%

Expected Return 1 = 19.6%

Total Risk (σ1) = √[(Weight A^2 * Risk A^2) + (Weight B^2 * Risk B^2) + (Weight C^2 * Risk C^2) + (Weight D^2 * Risk D^2)] Total Risk (σ1) = √[(0.1^2 * 7^2) + (0.4^2 * 9^2) + (0.3^2 * 12^2) + (0.2^2 * 13^2)]

= √[0.49 + 12.96 + 10.08 + 6.76] Total Risk (σ1) = √30.29

Total Risk (σ1) = 5.5%

For Portfolio 2: Expected Return 2 = (0.2 * 18%) + (0.4 * 20%) + (0.2 * 22%) + (0.2 * 16%)

= 3.6% + 8% + 4.4% + 3.2%

Expected Return 2 = 19.2%

Total Risk (σ2) = √[(0.2^2 * 7^2) + (0.4^2 * 9^2) + (0.2^2 * 12^2) + (0.2^2 * 13^2)]

= √[0.98 + 12.96 + 2.88 + 5.32] = √22.14

Total Risk (σ2) = 4.7%

Using CAPM:

For Portfolio 1: Expected Return 1 = Risk-Free Rate + (Beta A * Market Risk Premium) + (Beta B * Market Risk Premium) + (Beta C * Market Risk Premium) + (Beta D * Market Risk Premium) Expected Return (E(R1))

= 5% + (0.7 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.3 * (15% - 5%)) + (1.4 * (15% - 5%))

= 5% + (0.7 * 10%) + (1.2 * 10%) + (1.3 * 10%) + (1.4 * 10%)

= 5% + 7% + 12% + 13% + 14%

Expected Return 1 = 51%

Total Risk (σ1) = Beta-Weighted Standard Deviation = (Beta A * Risk A) + (Beta B * Risk B) + (Beta C * Risk C) + (Beta D * Risk D)

= (0.7 * 7) + (1.2 * 9) + (1.3 * 12) + (1.4 * 13)

= 4.9 + 10.8 + 15.6 + 18.2

Total Risk (σ1) = 49.5

For Portfolio 2: Expected Return 2 = 5% + (0.8 * (15% - 5%)) + (1.1 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.4 * (15% - 5%))

= 5% + (0.8 * 10%) + (1.1 * 10%) + (1.2 * 10%) + (1.4 * 10%)

= 5% + 8% + 11% + 12% + 14%

Expected Return 2 = 50%

Total Risk (σ2) = (0.8 * 7) + (1.1 * 9) + (1.2 * 12) + (1.4 * 13)

= 5.6 + 9.9 + 14.4 + 18.2

Total Risk (σ2) = 48.1

Based on these metrics, Portfolio 2 appears to be more efficient since it has a slightly lower total risk while still offering a high expected return.

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i need help correct answer gets brainlyist

How has the internet affected the tourism industry?

It has increased traveler knowledge and made booking travel easier and more affordable.
It has led to challenges for travelers who book their own travel without knowing local areas.
It has made travel more complicated, requiring more travel agents to support customers.
It has reduced the safety and security of traveler identities, making people afraid to travel.

Answers

The effect of the internet on the tourism industry as It has increased traveler knowledge and made booking travel easier and more affordable. Option A

This is further explained below.

What is the tourism industry?

Generally, The tourism sector may be defined in its most general sense as the sum of all firms that directly supply products or services to assist business, pleasure, or leisure activities in an environment that is different from that of the typical home.

In conclusion, The impact of the internet on the tourist sector may be summarized as follows: the internet has improved traveler information, simplified the booking process, and lowered prices. Alternative

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discuss the pillars of government sector supply chain management.

Answers

Answer:

Pillar 1 – Vulnerability. ...

Pillar 2 – Management Culture. ...

Pillar 3 – Procurement. ...

Pillar 4 – Operations. ...

Pillar 5 – Demand & Visibility.

Explanation:

hope it's helpful to you

Which of the following best describes the role of “capital?”

A. The functioning of laws in business.

B. What goes into making a product.

C. What is not needed to make a product.

D. An individual economic choice.

Answers

Answer:

Explanation:

Capital, in general term, can be defined as a sum of money used to start a firm or invest to earn more money. Talking in broader terms, capital is anything that adds value or profit to the owner of the firm.

A capital can be machinery, factory, patents, buildings, etc. Capital is a sum of money used to pay or invest in the making of products.

Therefore, the statement that best describes the role of capital is what goes into making a product. Thus option B is correct.

Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9, from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. $fill in the blank a69834fa4fcefa6_2 c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. fill in the blank d7bbac03b019006_2 fill in the blank d7bbac03b019006_3 fill in the blank d7bbac03b019006_5 fill in the blank d7bbac03b019006_6 fill in the blank d7bbac03b019006_8 fill in the blank d7bbac03b019006_9

Answers

Answer and Explanation:

The computation is shown below:

a The Due date

= (21 days in april + 31 days in may + 30 days in june + 31 days in july + 7 days in august

So the due date is August 7

b The maturity value is

= $450,000 + ($450,000 × 8% × 120 ÷ 360)

= $462,000

c The journal entry is

Cash $462,000

To Notes Receivable $450,000

To Interest Revenue $12,000

(Being the receipts of the payment of the note at maturity is recorded)

A note or promissory note is a written promise to pay a certain amount of money on a future date. A future date is called a maturity date.

What do you mean by maturity of a note?

The maturity date of the note is the time and day when interest and principal must be paid in full and must be paid.

The calculation of the maturity date is shown below:

a. The Due date of the note is:

= (21 days in April + 31 days in may + 30 days in June + 31 days in July + 7 days in August

So the due date is August 7

b. The maturity value is

$= \$450,000 + (\$450,000 \times 8\% \times \frac{120}{360} ) \\\\= \$462,000$

c. The journal entry is

Cash $462,000

To Notes Receivable $450,000

To Interest Revenue $12,000

(Being the receipts of the payment of the note at maturity is recorded)

Hence, The calculation of maturity date, maturity value, and the journal for the receipt of the payment of the note at maturity is passed as shown.

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which of the following is true of heirarchical clustering

Answers

Answer:

*See Explanation*

Explanation:

Heirarchical Clustering is a form of collective data. For example if you want to find out which Soda sells more you would collect data based on reviews from customers of each purchase. Your data will be collected in a cluster which you will then organize into a valuable marketing strategy.

Mark is creating Nu2U, a Web site through which he will enter into contracts over the Internet. In his standard online contract, he includes a provision which states "Any disputes under this contract will be resolved under the laws of the State of Texas." This is an example of a

Answers

Answer: Choice of Law Clause

Explanation:

The Choice of Law Clause allows parties in a contract to pick a territory's laws as the laws that the contract between them will be applicable to.

This way uncertainty can be avoided when any of the parties seeks legal redress for any perceived breach of contract.

It is worthy of note that parties do not even need to be from the Territory whose laws have been chosen and this is why some parties look for Territories who have laws that will be favourable to them. This is why most big Corporations pick Delaware law because their laws are perceived to be pro big business.

as the tax assessor for Indian creek county, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $800,000,000. currently, the assessment rate is 35% and the tax rate is 40 mils. The county commission increases the assessment rate to 45% and the tax rate to 45 mils

Answers

Answer:

this didnt make sense but ok

Explanation:

1. Why do we need emotions when we make decision?
2. Why do you think the reason and impartialty are minimum requirements in decision making?

Answers

To keep people trusting in the decision-making process, there must be the illusion of impartiality. When there is a conflict of interest, you shouldn't participate in the decision-making process.

Why are feelings necessary for moral decision-making?

Emotional processes influence moral judgement by giving moral decision-making scenarios an affective value, which helps to define what behaviours are acceptable and unacceptable (Haidt, 2001).

What do reason and objectivity in morality mean? Why are impartiality and reason considered to be the bare minimum of morality?

It is a basic justice principle. Giving equal and/or sufficient regard to the interests of all parties involved is necessary according to the impartiality moral theory. It is predicated on the idea that everyone is, usually speaking, equally significant and that no one is viewed as having more intrinsic value than another.

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According to the video, which tasks do Urban and Regional Planners perform? Check all that apply.

developing recommendations to improve medical care

promoting the best use of land and resources

developing plans for growth and renewal

promoting campaigns for political elections

reviewing applications for government assistance
Nvm its b and c

Answers

Answer:

Wat

Explanation:

Answer:

b & c (did the assignment on edg) ;)

Explanation:

Give me a couple countries that have a low and high quality of life index

Answers

Answer:

Countries with have mediocre quality of Life index: Puerto Rico, South Korea, Greece, Bulgaria, Romania

If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $120 and the loss resulting from that unit if it is not sold (Co.) is $360, which of the following is the probability of the last unit being sold?

Answers

The probability of the last unit being sold is mathematically given as

x Greater than 0.75

What is the probability of the last unit being sold i?

Generally, the equation forthe Probability is mathematically given as

$P= P\leq C_{u}/(C_{u}+C_{o})$

Therefore

P = 120/(120+360)

P= 120/480

P=0.25

P represents the likelihood that a unit will not be sold, whereas 1-p represents the likelihood that a unit will be sold.

1-p = 1-0.25 = 0.75

In conclusion, The likelihood of the last unit selling should be higher than 0.75

Answers

Answer:

rat

Explanation:

Drag the tiles to the correct boxes to complete the pairs.
Match the steps for conducting an informational interview with the task involved in each step or its purpose.
Research your chosen career field.
Prepare for the interview.
Follow up with your interviewer.
Identify someone to interview.
Conduct the informational interview.
Learn more about a company that interests you.

Answers

The correct matching of the steps for conducting an informational interview with the task involved in each step or its purpose is given

The Matching

Research your chosen career field - Gain a deeper understanding of the industry or job, helping you ask informed questions during the interview and providing context for responses.

Identify someone to interview - Find a professional with relevant experience in your desired field or company, who can share insights and knowledge.

Prepare for the interview - Create a list of thoughtful questions based on your research and interests, and manage logistical tasks like scheduling and confirming meeting details.

Conduct the informational interview - Engage in a conversation, asking prepared questions and actively listening to insights and experiences.

Follow up with your interviewer - Send a thank-you note expressing gratitude and maintaining a positive connection for future networking opportunities.

Learn more about a company that interests you - Use insights from the informational interview to expand your understanding of a specific organization's culture, values, and opportunities, informing future career decisions and tailored job applications.

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Playtown Corporation purchased 75 percent of Sandbox Corporation common stock and 40 percent of its preferred stock on January 1, 20X6, for $270,000 and $80,000, respectively. At the time of purchase, the fair value of the common shares of Sandbox held by the noncontrolling interest was $90,000. Sandbox's balance sheet contained the following balances:

Preferred Stock ($10 par value) $200,000
Common Stock ($5 par value) 150,000
Retained Earnings 210,000
Total Stockholders' Equity $560,000

Required
Give the eliminating entries needed to prepare a consolidated balance sheet immediately after Clayton purchased the Topple shares.

Answers

Answer:

Elimination Journal.

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

Explanation:

When dealing with consolidation of Financial Statements, the Equity and Retained Earning in the Subsidiary has to be eliminated from the records whilst the Investment in Subsidiary and the Non-Controlling Interest in Subsidiary are recognized.

Elimination of the common items in consolidation is done by the use of Pro-forma Journals.

Goodwill or Gain on Bargain Purchase are also recognized on the date of acquisition of subsidiary.

Goodwill is the excess of Purchase Price and Non-Controlling interest over the Net Assets Acquired.While Gain on Bargain Purchase is the excess of Net Assets Acquired over Purchase Price and Non-Controlling interest.

Elimination Journal.

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

What is the fundamental accounting equation?

Answers

Answer:

Explanation:

Asset=Liabilities + Equities

THE FOLLOWING INFO IS AVAILABLE FOR BERLIN CORPORATION FOR THE YEAR ENDING 12/31/20. OTHER REVENUE/GAINS= 12700, OTHER EXPENSES/LOSSES=13300, COST OF GOODS SOLD= 156000SALES 592000, OPERATING EXPENSES= 186000, SALES RETURNS= 40000. PREPARE A STEP-BY-STEP INCOME STATEMENT. TAX RATE IS 30 PERCENT

Answers

Based on the information available for Berlin Corporation, the step - by - step income statement would be:

Berlin Corporation.

Income Statement

Sales Revenue $592,000

Less: Sales Return $40, 000

Net Sales $552, 000

Less : Cost of Goods sold ($156, 000)

Gross Profit $396, 000

Less Operating expenses: (186, 000)

Income from operations $210, 000

Other Revenue /Gains 12, 700

Other Expenses /Losses (13, 300) ( 600 )

Income before income taxes $209 ,400

Less: Income tax expense ($62, 820)

Net Income / (Loss) $146,580

What goes into an income statement?

An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.

The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.

To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.

In this case, you need to find the taxes to Berlin Corporation as well:

= Income before taxes x Income tax rate

= 209, 400 x 30%

= $62, 820

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Please answer both questions in complete sentences. I will make u brainliest if u got the best one thanks

1) Provide three examples with explanation of either asserts or liabilities.

2) Also, how do assets and liabilities apply to your personal life?

Answers

1) In its simplest form, your balance sheet can be divided into two categories: assets and liabilities. Assets are the items your company owns that can provide future economic benefit. Liabilities are what you owe other parties. In short, assets put money in your pocket, and liabilities take money out.
Assets add value to your company and increase your company's equity, while liabilities decrease your company's value and equity. The more your assets outweigh your liabilities, the stronger the financial health of your business. But if you find yourself with more liabilities than assets, you may be on the cusp of going out of business.
Examples of assets are:
-Cash
-Investments
-Inventory
-Office equipment
-Machinery
-Real estate
-Company-owned vehicles
Examples of liabilities are:
-Bank debt
-Mortgage debt
-Money owed to suppliers (accounts payable)
2) Personal assets are things of present or future value owned by an individual or household. Common examples of personal assets include: Cash and cash equivalents, certificates of deposit, checking, and savings accounts, money market accounts, physical cash, Treasury bills and your life liabilities are all those things which decrease your ability to lead a good life and can potentially have a negative impact on your future.

how many major food allergens are there

Answers

Answer:

There are 9 major food allergens recognized by the US Food and Drug Administration (FDA). These include:

Milk

Eggs

Fish (e.g. bass, flounder, cod)

Crustacean shellfish (e.g. crab, lobster, shrimp)

Tree nuts (e.g. almonds, walnuts, pecans)

Peanuts

Wheat

Soybeans

Sesame seeds (added as the newest addition in January 2021)

Answer: 9

Explanation:

-milk

-eggs

-fish

-crustacean shellfish

-tree nuts

-peanuts

-wheat

-soybeans

-sesame

what Is quality Control

Answers

Answer:

a system of maintaining standards in manufactured products

Black Guard Security has annual sales of $373,000 and a collection period of 20.74 days. What is the company's average balance in accounts receivable

Answers

Answer:

$21,195

Explanation:

With regards to the above, recall that average collections period is accounts receivable divided by average daily sales.

Average collections = Accounts receivable / Average daily sales

Where;

Average sales = Annual Sales / Total number of days in a year

Given that;

Average collections period = 20.74

Accounts receivable = ?

Average daily sales = $373,000 / 365 = 1021.9178082

Therefore, the company's average

balance in accounts receivable would be;

20.74 = Accounts receivable / 1021.9178082

Accounts receivable = 20.74 × 1021.9178082

Accounts receivable = 21194.575342

Accounts receivable = $21,195 approximated.

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