BUSINESS HIGH SCHOOL

The purpose of the abstract of title is to : A. make sure that the street name of the property is correct.
B. verify that the lender has sufficient funds for the loan.
C. verify that the person selling the property is really the owner.
D. begin the purchase process.

Answers

Answer 1
Answer: The correct answer to the question stated above is obviously letter C. verify that the person selling the property is really the owner. 

The sole and the very purpose of the abstract of title is to : verify that the person selling the property is really the owner. 

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Greg is the owner of a full-service car wash. For the month of December he paid $2,000 in rent, $700 in utilities, $2,950 in salaries, and $50 on advertising. A full service car wash costs $10.50. Unit variable costs per car wash are $2.50. How many full-service car washes does Greg need to sell to break-even each month

Answers

Answer:

Break-even point= 713 car washes

Explanation:

Giving the following information:

For December he paid $2,000 in rent, $700 in utilities, $2,950 in salaries, and $50 on advertising. A full-service car wash costs $10.50. Unit variable costs per car wash are $2.50.

First, we need to calculate the total fixed costs:

Fixed costs= rent + utilities + salaries + advertising

Fixed costs= 2,000 + 700 + 2,950 + 50= $5,700

Now, using the following formula, we can calculate the break-even point in units:

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: How does the founder of Wikipedia keep a tight reign on accuracy? HELP PLEZ AT LEAST A PARGRAPH PLES

Answers

well the founder of wikipedia does nothing on keeping the things that are posted accurate.  There has been many fake posts over the years on wikipedia like the most recent one, if you put your phone in the microwave for 30 seconds it will fully charge. Obviously that is total B.S and you phone would explode if put into a microwave.  Anyone can post on wikipedia all you have to do is make an account.

How do tariffs on imports affect a country s balance of trade?a. Tariffs raise government revenue.
b. Tariffs ensure that all countries are traded with equally.
c. Tariffs reduce the amount of imports a country makes.
d. Tariffs increase the amount of money a country makes from imports.

Answers

The right answer for the question that is being asked and shown above is that: "d. Tariffs increase the amount of money a country makes from imports." tariffs on imports affect a country s balance of trade is that Tariffs increase the amount of money a country makes from imports. 

the correct answer is c

each year, ash mountain enterprises (ame) prepares a reconciliation schedule that compares its income statement with its statement of cash flows on both the direct and indirect method bases. in its 2021 income statement, ame reported $11,000 of interest expense on its outstanding bonds. during the year, ame paid its regular installments of $9,000 of interest in cash. in its reconciliation schedule, ame should:

Answers

In its reconciliation schedule, Ash Mountain Enterprises (AME) should adjust the reported interest expense of $11,000 on its outstanding bonds to reflect the actual cash payments made during the year.

As AME paid its regular installments of $9,000 of interest in cash, this amount should be subtracted from the reported interest expense of $11,000 to arrive at the adjusted interest expense of $2,000.

This adjustment is necessary because the income statement reports expenses on an accrual basis, which means that expenses are recognized when they are incurred, regardless of when the actual cash payment is made. On the other hand, the statement of cash flows reports cash flows on a cash basis, which means that cash payments are recorded when they are actually made.

By preparing a reconciliation schedule that compares the income statement with the statement of cash flows on both the direct and indirect method bases, AME can ensure that its financial statements are accurate and complete. This helps to provide a clear and transparent picture of the company's financial performance, which is important for stakeholders such as investors, creditors, and regulators.

For more about reconciliation:

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Managerial accounting primarily serves the needs of a firm sAnswer
suppliers.
customers.
managers.
investors.

Answers

managerial accounting serves the needs of a firms; managers

Gloria, the controller of Luna Pizza, is purchasing several new delivery vehicles. Gloria has numerous work responsibilities, so she has limited time to shop for cars. Because of the time constraints, she cannot make an extensive search for the best alternative, so she looks for cars until she finds a model that is satisfactory. Gloria is following the ________ model.a. limited focus.b. limited scope.c. dilemma.d. rationale.e. satisficing

Answers

Answer:

Correct option is (e)

Explanation:

Satisficing model is a decision making model that aims at selecting a satisfactory outcome or product by going through available options rather than aiming for the best or optimal outcome. To obtain optimal outcome, one needs to put in efforts in terms of time and energy.

In this case, Gloria follows satisficing model as she cannot make extensive research due to time constraints. so she aims at buying a car that seems satisfactory to her.

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