On August 2020, R&D sued one of its suppliers for failure to provide materials as specified in the contract. Based on the advice of Comel lawyers, it was virtually certain that the company would win the case and expected to be awarded for compensation. As at June 2021, the court ordered the supplier to pay RM250,000. As at the year end, R&D company did not receive the money yet. Discuss the accounting treatment of the above situations in accordance to MFRS137 Provisions, Contingent Liabilities and Contingent Assets and prepare the journal entry for the above situation

Answers

Answer 1

The provision should be reviewed and adjusted at each reporting date based on the latest information and any changes in circumstances.

According to MFRS 137 Provisions, Contingent Liabilities and Contingent Assets, a provision should be recognized when:

1. There is a present obligation (legal or constructive) as a result of a past event.

2. It is probable that an outflow of economic benefits will be required to settle the obligation.

3. The amount of the obligation can be reliably estimated.

R&D sued the supplier for failure to provide materials as specified in the contract. Based on the advice of legal experts, it is virtually certain that the company will win the case and expects to be awarded compensation. This situation indicates the existence of a present obligation (potential legal liability) as a result of a past event (supplier's failure to provide materials).

Since it is virtually certain that the company will win the case and the court has already ordered the supplier to pay RM250,000, the second and third criteria for recognizing a provision are met. Therefore, R&D should recognize a provision for the expected compensation amount.

The journal entry to record the provision would be as follows:

Date: June 30, 2021 Debit: Lawsuit Receivable - Supplier (Receivable) - RM250,000

Credit: Provision for Lawsuit (Expense) - RM250,000

The "Lawsuit Receivable - Supplier" account represents the expected amount to be received from the supplier as compensation. The "Provision for Lawsuit" account is an expense account that recognizes the estimated liability. The provision is typically presented as an expense on the income statement.

Learn more about circumstances here

https://brainly.com/question/24180186

#SPJ11


Related Questions

1. What are credit cards? Why do people use them?

2. What is interest? How does interest affect credit card purchases?

3. What are the benefits of using a credit card? What are the drawbacks of using a credit card?

4. In the case files section, four people pay a different price for the same digital music player? Why do the prices they paid differ? Explain the factors that affected each person’s ultimate cost for the music play.

5. Which of the individuals made the best use of their credit card? Which made the worst? Why?

6. What should you look for when choosing a credit card?

7. What is a “grace period”? How can it help you manage a credit card wisely?

8. What are three strategies that you can use to use credit cards wisely?

Answers

Credit card is used to borrow cash when needed on some interest rate.

What are credit cards? Why do people use them?

Credit cards are the type of cards that allow you to earn cash or other rewards for those things you buy daily. People use them because of the rewards as well as due to valuable budgeting tools.

What is interest? How does interest affect credit card purchases?

Interest is the price you pay to borrow money from a person or bank.  Interest affects credit card purchases because low interest rate is good for the people so people purchase it more.

What are the benefits and drawbacks of using a credit card?

The benefits of credit card is that they're a great way to build credit. It is more secure than cash. It gives rewards Points while on the other hand, the drawbacks of credit card is high cost of borrowing and too many Credit Cards can damage your credit.

So we can conclude that credit card is used to borrow cash when needed on some interest rate.

Learn more about credit card here: https://brainly.com/question/6872962

#SPJ1

Jane has a 30% interest in a cash-basis general partnership. Her adjusted basis in the partnership was $50,000 at the beginning of Year 1. There were no distributions to Jane during the year. On August 1, Year 1, the partnership borrowed $200,000 for the following reasons: Purchase depreciable business equipment $ 30,000 Pay balance on existing note in full 170,000 All of the partners are personally liable for all partnership debts. The partnership incurred a $250,000 loss in Year 1. What amount can Jane claim as a loss from the partnership on her Year 1 individual income tax return

Answers

Answer:

30000

Explanation:

because I was a people that wice

The real risk-free rate of interest is expected to remain constant at 3% for the foreseeable future. However, inflation is expected to steadily increase over the next 20 years. So, the Treasury yield curve is up-sloping. Assume that the expectations theory holds. You are considering two corporate bonds . One is a 5-year corporate bond and the other is a 10 -year corporate bond, each of which has the same default risk and liquidity risk. Given this information,which of the following statements is most correct?

A) Since the expectations theory holds,this implies that 10-year Treasury bonds must have the same yield as 5-year Treasury bonds

B) Since the expectations theory holds,this implies that the 10-year corporate bonds must have the same yield as the 5- year corporate bonds

C) Since the expectations theory holds,this implies that 10-year corporate bonds must have the same yield as 10-year Treasury bonds

D)The 10- year Treasury bond must have a higher yield than the 5-year corporate bond

E) The 10-year corporate bond must have a higher yield than the 5-year corporate bonds.

Answers

The correct answer is B) Since the expectations theory holds, this implies that the 10-year corporate bonds must have the same yield as the 5-year corporate bonds. The Expectations theory holds that the interest rate on a long-term bond will be equal to an average of the short-term interest rates that people expect to occur over the life of the long-term bond.

Therefore, since the long-term bond yields are simply a collection of the average future short-term yields, these yields will reflect the changes in expected short-term yields and the risk premiums that investors attach to the various maturities. The idea is that bond investors will not be willing to purchase a 5-year bond with a 5% yield if they expect short-term interest rates to be 6% in the future, as they will not be willing to lock in a long-term yield below their expected short-term yield.

This means that if the interest rates of short-term bonds are higher than the rate of long-term bonds, this means that investors expect that short-term interest rates will rise in the future. In an up-sloping yield curve, interest rates for longer-term bonds are higher than those for shorter-term bonds. When the expectations theory holds, longer-term corporate bonds would have a higher yield than shorter-term corporate bonds.

Since the 5-year and the 10-year corporate bonds have the same default and liquidity risk, according to the expectations theory, they must have the same yield. Hence, the correct answer is B) Since the expectations theory holds, this implies that the 10-year corporate bonds must have the same yield as the 5-year corporate bonds.

For more such questions on expectations theory

https://brainly.com/question/14299060

#SPJ11

beginning work-in-process is 6,400 units; 63,300 units completed, and ending work-in-process is 7,450 units, which are 100% complete for direct materials and 50% complete for conversion costs. the beginning wip inventory is 100% complete for direct materials and 50% complete for conversion.

Answers

The equivalent units of production for direct materials are 69,150, and for conversion costs are 65,925.The total equivalent units of production for direct materials are 69,150 (6,400 + 63,300), and for conversion costs, it is 65,925 (6,400 + 63,300 + 3,725).

Equivalent units of production are a measure used in process costing to account for partially completed units. In this scenario, we have three components to consider: beginning work-in-process (WIP), completed units, and ending WIP.

For direct materials, both the beginning WIP (6,400) and completed units (63,300) are fully processed, so they are counted as equivalent units.

For conversion costs, the beginning WIP (6,400) is 50% complete, so 50% of those units (3,200) are counted as equivalent units. The completed units (63,300) are fully processed. The ending WIP (7,450) is 50% complete, resulting in 3,725 equivalent units.

Learn more about direct materials here:

https://brainly.com/question/14002144

#SPJ11

(1) State which marketing environment affected Xerox's operation. (1mks)

(b) From your answer above, discuss which specific area from that particular enviroment affected how Xerox conducted business. (5mks)

Answers

Answer a:

Clearly, Xerox had one major issue concerning its marketing environment.

Due to technological changes, i's primary market was shifting and changing. Xerox didn't see it. Perhaps they did and decided it (the changes that is) not

Explanation:

One keyword or practice or culture or capability that was missing in Xerox was adaptability. Had they envisaged the future and created some internal structure to gradually cater to the changing requirements of their client base, they'd probably still be in business today.

So in a way, it wasn't really the change in the market that affected Xerox. It was Xerox' inability to respond to such changes that did it in. At some point, it became apparent to investors that Xerox was incapable to move with the next tide. They withdrew their funds, sold their shares and the rest is history.

Answer b:

The major area that affected how Xerox conducted business is the technology enviriomment.

Explanation

Due to the availability of technology which made it possible, peoples mindset were beginning to shift from keeping hard copies and or duplicating them to keeping electronic copies.

Two things made this idea very attractive:

1. It reduced cost greatly. In every era, cost reduction has always been an attractive business proposition for companies in any sector or subsector. As firms discovered they could cut down by keeping electronic copies of their documents, the idea quickly caught on. And so did the profits made by the renowned copier decline.

2. Another factor strenghtened the decline in making and keeping hard copies of documents is the ideology that the more papers we made, the more we were damaging our environment.

Companies that quickly adjusted even used their paper reduction efforts as a unique selling marketing proposition.

Cheers

Acme, Inc.'s books show an ending cash balance of $10,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $3,000; deposits in transit of $2,000; NSF check of $100; and interest earned on the bank account of $10, the company's up-to-date ending cash balance equals ______.

Answers

The company's up-to-date ending cash balance equals $9,100.

Here, we are preparing company's up-to-date ending cash balance through reconciliation format.

Balance as per bank          $0               Balance per books        $10,000

Add: Deposit in transit        $2,000        Add: Bank collection      $0

Less: Outstanding checks  $3,000       Add: Interest revenue     $10

Adjusted bank balance      $9,110        Less: Service charges      $100

                                                                         EFT and NSF checks  

                                             $10,110        Adjusted book balance  $10,110

Therefore, the company's up-to-date ending cash balance equals $9,100.

See similar solution here

brainly.com/question/14848687

Use branch-and-bound algorithm to find the solution of the following IP model. (Use the graphical method to find the solution/subproblems) max z = 2X2 + 3X2 s.t. 5X1 + 7X, S 35 4X1 + 9x2 < 36 X ,X2 > 0 and X1, X2: integer

Answers

The optimal solution for the given IP model is (X1, X2) = (5, 3), with an optimal objective value of 19.

The branch-and-bound algorithm is a powerful tool for solving integer programming (IP) problems. It begins by solving the relaxed LP problem and then divides the problem into subproblems, creating a tree structure. It then selects one of the subproblems and repeats the process until an optimal integer solution is found.

Let's apply this algorithm to the given IP model:

max z = 2X1 + 3X2

subject to:

5X1 + 7X2 ≤ 35

4X1 + 9X2 < 36

X1, X2 ≥ 0, integer

Step 1: Solve LP relaxation

Ignore the integer constraint and solve the relaxed LP problem:

max z = 2X1 + 3X2

subject to:

5X1 + 7X2 ≤ 35

4X1 + 9X2 < 36

X1, X2 ≥ 0

Using graphical methods, we can draw the feasible region and the objective function on a graph.

IP Model Graphical Solution

The optimal solution for the LP relaxation is (X1, X2) = (3, 2.14) with an optimal objective value of 12.5.

Step 2: Create subproblems

We can create two subproblems by branching on X2:

Subproblem 1: max z = 2X1 + 3X2, subject to:

5X1 + 7X2 ≤ 35

4X1 + 9X2 < 36

X1, X2 ≥ 0, X2 ≤ 2

Subproblem 2: max z = 2X1 + 3X2, subject to:

5X1 + 7X2 ≤ 35

4X1 + 9X2 < 36

X1, X2 ≥ 0, X2 ≥ 3

Step 3: Solve subproblems

We repeat the process starting from subproblem 1 and solving the LP relaxation. The optimal solution is (X1, X2) = (3, 1.57) with an objective value of 9.71.

Since the objective value of the LP relaxation of subproblem 1 is less than the current upper bound of 12.5, we can discard this subproblem.

Next, we solve subproblem 2 by solving the LP relaxation. The optimal solution is (X1, X2) = (4.5, 3) with an objective value of 18.

Since the objective value of the LP relaxation of subproblem 2 is greater than the current upper bound of 12.5, we branch on X1:

Subproblem 3: max z = 2X1 + 3X2, subject to:

5X1 + 7X2 ≤ 35

4X1 + 9X2 < 36

X1, X2 ≥ 0, X2 ≥ 3, X1 ≤ 4

Subproblem 4: max z = 2X1 + 3X2, subject to:

5X1 + 7X2 ≤ 35

4X1 + 9X2 < 36

X1, X2 ≥ 0, X2 ≥ 3, X1 ≥ 5

We solve subproblem 3 and the optimal solution is (X1, X2) = (4, 3) with an objective value of 17. We can discard this subproblem since its objective value is less than the current upper bound.

Finally, we solve subproblem 4 and the optimal solution is (X1, X2) = (5, 3) with an objective value of 19. This is the optimal integer solution.

Step 4: Solution

Therefore, the optimal solution for the given IP model is (X1, X2) = (5, 3), with an optimal objective value of 19.

for more such questions on IP model

https://brainly.com/question/13588487

#SPJ11

Janice is spending the summer working as an intern writing copy for a local firm. Today Janice's senior editor sent back some of Janice's work covered in red ink corrections. Up until now, all of Janice's work had been corrected in green or blue ink. Janice is upset and worried that her senior editor doesn't like her. Which component of an attitude is not represented in the previous scenario

Answers

Answer:

The answer is "the behavioral component".

Explanation:

Janice is not acting on this instance. Thus, the behavioral component of an attitude is not shown. Janice doesn't like her junior publisher, believes. This review demonstrates the cognitive framework of an attitude. Janice's upset. Jessica is upset. In her work, jane reacted badly to the red ink which depicts the emotional component of an opinion. Whereas a position could be correct or incorrect, these elements of a situation as defined in the OB are not addressed.

Describe a hypothetical government budget that employs an expansionary policy.

Answers

Answer:

Expansionary fiscal policy involves strategy which includes tax cutting, rebates and increase spending.

Explanation:

The government budget will be modified to the tax cutting strategies to implement expansionary fiscal policies. This includes increase in spending so that less money is saved and the tax amount on the profit is minimum.

What is the annual profit when the income is $200,000.00 and the expenses are $150,000.00

Answers

Answer:

╭┄┈┄────────❥Let us take the example of a company with total revenue of $200,000 and explicit costs of $150,000. Calculate the economic profit of the company if the implicit costs are $30,000. Therefore, the company earned economic profit of $20,000.

Effective service recovery efforts can lead to _____.

Answers

Effective service recovery efforts can lead to all of the following EXCEPT increased dependence on technology to prevent future service failures. Thus the correct option is A.

What is a service?

Services are referred as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.

Effective service recovery efforts can lead to better satisfaction to the ultimate consumer and they feel valued and delighted. This helps in retaining them for a longer duration of time building loyalty and goodwill in the market.

Therefore, option A is appropriate.

Learn more about Services, here:

https://brainly.com/question/13540066

#SPJ1

The complete question is Probably

Effective service recovery efforts can lead to all of the following EXCEPT

a. increased dependence on technology to prevent future service failures.

b. increased purchase intentions.

c. increased positive word of mouth.

d. lower levels of satisfaction than prior to the service failures.

e. increased customer satisfaction.

In class, Marcus is skilled at picking up main ideas and important details from his teachers' lectures. What is this called?

Answers

Answer:

This would observation, which is something most readers should be able to do

Explanation:

what percent increase when 8 is made to 10​

Answers

Answer:

25 percent

Where: 8 is the old value and 10 is the new value. In this case we have a positive change (increase) of 25 percent because the new value is greater than the old value.

Explanation:

i hope you understand

A percentage is a way to describe a part of a whole. The percentage increase when 8 is made to 10 is 25%.

What are Percentages?

A percentage is a way to describe a part of a whole. such as the fraction ¼ can be described as 0.25 which is equal to 25%.

To convert a fraction to a percentage, convert the fraction to decimal form and then multiply by 100 with the '%' symbol.

Th percentage increase or decrease is calculated using the formula,

Percentage increase or decrease

= (Final value - Initial value)/ Initial value × 100%

If the result is negative than there is percentage decrease if the value is positive than there is percentage increase.

Given that the initial value was 8, while the final value was 10. Therefore, The percentage increase when 8 is made to 10 is,

Percentage = (10 - 8)/8 × 100%

                   = 2/8 × 100%

                   = 1/4 × 100%

                   = 0.25 × 100%

                   = 25%

Hence, The percentage increase when 8 is made to 10 is 25%.

Learn more about Percentages:

https://brainly.com/question/6972121

#SPJ2

Fill in the table for a perfectly competitive firm

Fill in the table for a perfectly competitive firm

Answers

The table for a perfectly competitive firm is given below:

How to solve

Working notes:

(1) Fixed cost is TC when Q (output) = 0, so FC = TC(Q = 0) = 100

(2) VC = TC - FC [TC = VC + FC]

(3) AVC = VC / Q [VC = Q x AVC]

(4) AFC = FC / Q = 100 / Q

(5) ATC = TC / Q [TC = ATC x Q] = AFC + AVC

(6) MC = Change in TC / Change in Q

(7) TR = P x Q = 50 x Q

(8) Profit = TR - TC

Therefore:

Q VC TC = VC + 100 AVC AFC = 100/Q ATC MC P TR Profit

0 0.0 100.0     50.0 0.0 -100.0

1 25.0 125.0 25.0 100.0 125.0 25.0 50.0 50.0 -75.0

2 45.0 145.0 22.5 50.0 72.5 20.0 50.0 100.0 -45.0

3 59.9 159.9 20.0 33.3 53.3 14.9 50.0 150.0 -9.9

4 70.0 170.0 17.5 25.0 42.5 10.1 50.0 200.0 30.0

5 90.0 190.0 18.0 20.0 38.0 20.0 50.0 250.0 60.0

Read more about perfectly competitive firms here:

https://brainly.com/question/1748396

#SPJ1

A foreign subsidiary's __________ currency is the currency used in the firm's day-to-day operations.A) localB) integratedC) notational dollarD) functional

Answers

A foreign subsidiary's- D.  functional currency is the currency used in the firm's day-to-day operations.

What is it?

This is the currency that the subsidiary primarily uses for transactions and reporting purposes. It is the currency that best reflects the economic environment in which the subsidiary operates.

The functional currency is determined based on the currency that is most relevant to the subsidiary's activities, such as where it sources its inputs and where it sells its products. It is important for companies to understand and manage their functional currency as it affects financial reporting, tax calculations, and decision-making processes.

Additionally, fluctuations in the exchange rate between the functional currency and the parent company's reporting currency can have significant impacts on financial statements.

Hence, option d. is  correct.

To know more on currency visit:

https://brainly.com/question/30240732

#SPJ11

are used in the pharmaceutical industry to assess the risk of introducing a new drug. a. simulations b. data dashboards c. charts d. spreadsheet models

Answers

Simulations, data panels, graphs and spreadsheet models are tools used in the pharmaceutical industry to assess the risk of introducing a new drug. Simulations are used to run experiments and test potential outcomes, while data dashboards are used to provide visualizations of data and trends.

Charts are used to display information in a graphical format and show relationships between different variables. Spreadsheet models are used to create detailed financial models that can help the pharmaceutical industry assess the impact of introducing a new drug. All of these tools are used to assess the risk of introducing a new drug and help industry make informed decisions about the development, manufacture and marketing of new products.

To know more about spreadsheet click here

https://brainly.com/question/29219980

#SPJ4

At what annual interest rate, compounded annually, would $480 have to be invested for it to grow to $1,979.62 in 13 years? C The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,979.62 in 13 years is %. (Round to two decimal places.)

Answers

The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,979.62 in 13 years is 8.17%.

We can use the formula for compound interest to solve this problem:

A = P(1 + r)^t

where A is the final amount, P is the principal (initial investment), r is the annual interest rate (as a decimal), and t is the number of years.

In this case, we know that P = $480, A = $1,979.62, and t = 13. We want to solve for r:

$1,979.62 = $480(1 + r)^13

Dividing both sides by $480:

4.12337541667 = (1 + r)^13

Taking the 13th root of both sides:

1 + r = 1.08171876629

Subtracting 1 from both sides:

r = 0.08171876629

Multiplying by 100 to convert to a percentage and rounding to two decimal places, the answer is:

The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,979.62 in 13 years is 8.17%.

Learn more about interest rate here

https://brainly.com/question/25720319

#SPJ11

mcglone corporation had a 1/1/25 balance in the allowance for doubtful accounts of $40,000. during 2025, the company wrote off $28,000 of accounts and collected $8,400 on accounts previously written off. the balance in accounts receivable was $800,000 at 1/1 and $960,000 at 12/31. at 12/31/25, mcglone estimates that 5% of accounts receivable will prove to be uncollectible. what should mcglone report as its allowance for doubtful accounts at 12/31/25?

Answers

Mcglone should report its allowance for doubtful accounts at 12/31/25 as the sum of the adjusted balance and the estimated uncollectible amount is $68,400.

How to calculate the amount as allowance for doubtful accounts

To answer your question, let's go through the terms and calculate the allowance for doubtful accounts for Mcglone Corporation at 12/31/25.

1. Beginning balance in allowance for doubtful accounts (1/1/25): $40,000

2. Accounts written off during 2025: -$28,000

3. Collected on accounts previously written off: +$8,400

4. Accounts Receivable balance at 12/31/25: $960,000

5. Estimated uncollectible percentage: 5%

First, let's adjust the allowance for doubtful accounts based on the accounts written off and collections:

$40,000 - $28,000 + $8,400 = $20,400

Next, we'll calculate the estimated uncollectible amount at the end of the year:

$960,000 * 5% = $48,000

Finally, Mcglone should report its allowance for doubtful accounts at 12/31/25 as the sum of the adjusted balance and the estimated uncollectible amount:

$20,400 + $48,000 = $68,400

Learn more about doubtful accounts at

https://brainly.com/question/28944789

#SPJ11

How has private enterprise strengthened the united states economy?

Answers

Answer:

to generate prosperity and produce goods and services that meet people's needs and improve their lives.

Explanation:

Because businesses cannot outgrow the economy of their communities

At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.

Answers

Answer:

B) So he can compare the quantity used with the budgeted amount

Explanation:

For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.

In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.

This is done to compare quantity of raw materials used to the given budget of the business.

This check will make sure that the business stays profitable.

what is the source document for cash sales of service​

Answers

I think it is cash memos, sorry if I’m wrong.

O que é locução verbal?

Answers

Answer:

verbal expression - the communication (in speech or writing) of your beliefs or opinions; "expressions of good will"; "he helped me find verbal expression for my ideas"; "the idea was immediate but the verbalism took hours"

expressão verbal - a comunicação (oral ou escrita) de suas crenças ou opiniões; “expressões de boa vontade”; "ele me ajudou a encontrar expressão verbal para minhas idéias"; "a ideia foi imediata mas o verbalismo demorou horas"

Explanation:

brainliest please?

coroa please?

who wants to vc wit me im depressed

Answers

When someone you care about is depressed, giving advice or wisdom may be something you do with only good intentions in mind.

So, yes Video calling would be a good option.

The straightforward definition of depression?

Mental disorders like depression are rather thing. It is believed that 5% of individuals worldwide experience this condition. It is characterized by enduring unhappiness and a loss of interest or pleasure in formerly rewarding or delightful activities. It may also between with appetite and sleep.

What is the modern term for depression?

Depression, now known as major depressive disorder or clinical depression, is a common but dangerous mood disease. It creates bad symptoms that interfere with your ability to function on a daily basis, including sleeping, eating, and working.

To know more about Depression visit:

https://brainly.com/question/28810167

#SPJ1

Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.

Answers

Banks do not hold a lot of their assets in the form of cash mainly because of  the opportunity cost of holding cash, cash does not earn interest.  The correct option is C.

Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.

The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.

Therefore, due to the  opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .

To learn more on opportunity cost, here:

https://brainly.com/question/13036997

#SPJ4

2. Which of the following mcans separating different types of people into groups and treating
these different groups unfairly based on prejudice?

O hate speech
O discrimination
O harassment
O tolerance

Answers

Answer:

it is called discrimination

You are considering a 3/5 ARM. What does the 5 represent?
OA. The interest rate of the initial fixed-rate loan period
B. The total number of years in the loan
OC. The number of years between adjustments in the interest rate
D. The number of years that a fixed interest rate will be applied to the
loan

Answers

The number 5 in a 3/5 ARM (Adjustable Rate Mortgage) represents Option C. The number of years between adjustments in the interest rate.

An ARM, or Adjustable Rate Mortgage, is a type of mortgage loan where the interest rate can change over time. The "3/5" in a 3/5 ARM refers to the initial fixed-rate period and the subsequent adjustment period. In this case, the number 3 represents the initial fixed-rate period, during which the interest rate remains unchanged. After this initial period, the interest rate can adjust periodically based on certain factors, such as market conditions.

The number 5 represents the number of years between adjustments in the interest rate. It means that after the initial fixed-rate period of 3 years, the interest rate on the loan will be adjusted every 5 years. During these adjustment periods, the interest rate can either increase or decrease based on the terms of the mortgage agreement and the prevailing market rates.

Choosing a 3/5 ARM means that the borrower will have a fixed interest rate for the first 3 years of the loan and then the interest rate will be adjusted every 5 years thereafter until the loan is paid off or refinanced. The specific details of the adjustments, such as the index used and the margin, will be outlined in the loan agreement.

It's important for borrowers considering an ARM to carefully evaluate their financial situation and future plans, as the fluctuating interest rates can affect their monthly mortgage payments. It's also crucial to understand the terms and conditions of the ARM, including the adjustment period, so they can make informed decisions regarding their mortgage. Therefore, the correct option is C.

Know more about ARM (Adjustable Rate Mortgage) here:

https://brainly.com/question/31115219

#SPJ8

as of today, what is the net worth of your parents' investments, including real estate (not your parents' home)?

Answers

The net worth of your parents’ investments including real estate (not your parents' home is the amount left over after deducting debt owed on these investment.

What is the net worth of your parents' investments, including real estate (not your parents' home)?

The net worth of your parents’ investments is amount left over after any debt for this investment has been deducted. These Investments are: real estate (but not homes you own and live in); rental properties, trust funds, UGMA/UTMA accounts, money market funds, stock options, certificates of deposits, mutual funds, stocks,  bonds and other securities; Installment and Real Estate sale Agreements (Including Mortgages Owned), Coverdale, Commodities, Savings Plans, 529 as well as other college savings plans. etc. Not including the value of life insurance pension funds or annuities, non-education IRAs, retirement plans (401k); retirement funds or pensions; non-educational IRAs.

To learn more about real estate investment  visit:

https://brainly.com/question/10336196

#SPJ4

who is ur top 3 favorite presidents

Answers

obama,bernie,and biden

Answer:

George Washingto, Abraham Lincol, joe Biden

Explanation:

The preferred method of hackers who want to steal trade secrets and other confidential information from business organizations is?

Answers

The preferred method of hackers who want to steal trade secrets and other confidential information from business organizations is "to gain access to employees' smart phones & leapfrog into their employers' networks, stealing secrets without leaving a trace" known as social engineering.

What is meant by social engineering?

A act of trying to exploit human frailties to obtain access to personal data & protected systems is known as social engineering.

Some key features regarding social engineering are-

To gain access to a target's account, social engineering tends to rely on manipulating people instead of hacking computer systems.Social engineering is against the law.Social engineering assault can occur both online and in person.Cyber crime is a form of social engineering.You can take many precautions, such as setting up a two-step authentication system for ones accounts and using a different password for each one.There are several kinds of social attack, the most common of which is phishing.A woman, for example, could call a male victim's bank, pose as his wife, assert an emergency, but also networks to his account.

To know more about social engineering, here

https://brainly.com/question/8468109

#SPJ4

how long do you have to repay a 401k loan after termination

Answers

Answer:

60 days

Explanation:

If you quit your job with an outstanding 401(k) loan, the IRS requires you to repay the remaining loan balance within 60 days. Fail to repay within that time, and the IRS and your state will deem the balance as income for that tax year.

Other Questions
How many terms are in this expression?4x + 2y - 3Just type the number the ____ temperature of an object the lower its thermal energy pass dm[$t5] to the yearlysalary subroutine, and store the return value to dm[$t6]. $t3 is the subroutine argument. $t4 is the subroutine return value. a roulette wheel has 38 slots, of which 18 are black, 18 are red, and two are green. when the wheel is spun, the ball is equally likely to come to rest in any of the slots. one of the simplest wagers chooses red or black. a bet of $1 on red returns $2 if the ball lands in a red slot. otherwise, the player loses his dollar. when gamblers bet on red or black, the two green slots result in losses. because the probability of winning $2 is 1838, the mean payoff from a $1 bet is twice 1838, or 94.7 cents. what does the law of large numbers say will happen if a gambler makes very many bets on red? on average, the gambler is going to lose 94.7 cents per bet. the gambler must win in the long haul if they keep playing. in the long term, the gambler will earn an average of 94.7 cents per $1 bet. the gambler can improve their odds at winning by changing their bets to black. If price increases by 100% and quantity demanded decreases by 50%, then the price elasticity of demand will equal _____. Find the general series solution for the differential equation (x1)y 2xy + 4xy = x^2+4 at an ordinary point x=0 up to the term x^5. Nitrogen (atomic number 7) and phosphorus (atomic number 15) belong to group 15 of the Periodic Table. Write the electronic configuration of these two elements. Which of these will be more electronegative? Why? The firm conducts an environmental scan to: Group of answer choices Find ways to reduce its costs. Eliminate its competitors. Find external capital for investment. Identify macro- and micro-environmental opportunities and threats. All of these answers are correct. A report says that the average amount of time a 10-year-old American child spends playing outdoors per day is between 20.92 and 24.48 minutes. What is the margin of error in this report? the asset account office supplies has a balance of $830 at the beginning of the year. the amount on hand at the end of the year is $560. the company has calculated the supplies expense for the year to be $4,100. based on this information, what amount of office supplies was purchased during the year? according to its website, stitch fix wants to "inspire our clients to look, feel and be their best selves." 5When energy changes from one form to another, some energy is always changed to According to Tuckman's five-stage model of group development, which of the following stages is Wendy's group experiencing? performing. primitive transportation and storage systems that make local distribution ineffective if not impossible, the lack of clean water, and the lack of effective sewer systems are all examples of what type of barrier? multiple choice question. legal and regulatory physical and environmental sociocultural economic and financial What is the function of ciliated cells in the conducting zone?A) provide the rigid support that keeps the conducting zone openB) produce a viscous solution called mucusC) engulf foreign material that has been trapped within the mucusD) propel mucus containing trapped particles toward the glottisE) move macrophages down the conducting zone toward the respiratory zone What are the efforts that one has to make develop peace and friendship? Illustrate. Whats the answer (no link I give brainly) How does the quote below from Hunger, by Richard Wright show figurative language? Explain.How does this meaning affect the readers u understanding and reactions to the story?Hunger stole upon me so slowly that at first, I was not aware of what hunger really meant. 3. The following are the estimated sales of a company for eight months ending 30-11-2021: Months Estimated Sales (Units) April 2021 12000 May 13000 June 9000 July 8000 Aug 10000 Sept 12000 Oct 14000 N Why are tropical countries typically filled with corruptgovernment and political instability