CM
Celestine Mbouh
Answers (6)
CM
Answered
Banks earn a profit on the difference between:
A) the interest charged from depositors and the interest offered to borrowers.
B) the interest charged on loans and the interest paid on deposits.
C) the deposit and loan balances.
D) liabilities and deposits.
E) dividends and interest.
A) the interest charged from depositors and the interest offered to borrowers.
B) the interest charged on loans and the interest paid on deposits.
C) the deposit and loan balances.
D) liabilities and deposits.
E) dividends and interest.
On Jul 23, 2024
B
CM
Answered
As resources are not perfectly adaptable to the production of both Good A and Good B,_____.
A) the opportunity cost of Good A increases as the production of Good A increases.
B) the opportunity cost of Good A decreases as the production of Good A increases.
C) it is impossible for the economy to produce both Good A and Good B.
D) the opportunity cost of Good A is constant.
E) the opportunity cost of Good B is constant.
A) the opportunity cost of Good A increases as the production of Good A increases.
B) the opportunity cost of Good A decreases as the production of Good A increases.
C) it is impossible for the economy to produce both Good A and Good B.
D) the opportunity cost of Good A is constant.
E) the opportunity cost of Good B is constant.
On Jul 22, 2024
A
CM
Answered
The amount of deposits in transit is included on the bank reconciliation as a (n)
A) deduction from the balance per the company's books
B) deduction from the balance per bank statement
C) addition to the balance per bank statement
D) addition to the balance per company books
A) deduction from the balance per the company's books
B) deduction from the balance per bank statement
C) addition to the balance per bank statement
D) addition to the balance per company books
On Jun 23, 2024
C
CM
Answered
Under many "mixed" comparative negligence systems,a plaintiff recovers nothing where the plaintiff's own negligence was 50 percent or more responsible for the plaintiff's injury.
On Jun 22, 2024
True
CM
Answered
Which of the following statements is true about a partnership?
A) One capital and one drawing account is used for each partnership.
B) A separate capital account is used to record each partner's investment and that partner's designated share of the earnings.
C) Partnerships are subject to separate business income taxes.
D) The drawing account is closed to retained earnings at the end of the period.
A) One capital and one drawing account is used for each partnership.
B) A separate capital account is used to record each partner's investment and that partner's designated share of the earnings.
C) Partnerships are subject to separate business income taxes.
D) The drawing account is closed to retained earnings at the end of the period.
On May 24, 2024
B
CM
Answered
What is the reasonable person standard? How is it applied to each of the following types of people?
a. Children
b. Persons with physical disabilities
c. Persons who are mentally retarded
d. Professional people with advanced degrees and training, such as doctors, lawyers, and accountants
e. Persons acting in emergency situations
f. Persons who violate statutory duties
a. Children
b. Persons with physical disabilities
c. Persons who are mentally retarded
d. Professional people with advanced degrees and training, such as doctors, lawyers, and accountants
e. Persons acting in emergency situations
f. Persons who violate statutory duties
On May 23, 2024
The "reasonable person" is a fictitious individual who is always careful and prudent and never negligent. The reasonable person is a standard of conduct which is external and objective.
a. Children must conform to the standard of a reasonable person of like age, intelligence, and experience under like circumstances.
b. The standard is that of a reasonable person under like disability.
c. A mentally retarded person is held to the standard of conduct of a reasonable person who is NOT mentally deficient.
d. Persons who practice a profession are held to the same care and skill normally possessed by members of their profession
e. Emergencies are taken into consideration.
f. If the statute is found to be applicable, the majority of courts hold that an unexcused violation is negligence per se ; that is, it is conclusive on the issue of negligent conduct.
a. Children must conform to the standard of a reasonable person of like age, intelligence, and experience under like circumstances.
b. The standard is that of a reasonable person under like disability.
c. A mentally retarded person is held to the standard of conduct of a reasonable person who is NOT mentally deficient.
d. Persons who practice a profession are held to the same care and skill normally possessed by members of their profession
e. Emergencies are taken into consideration.
f. If the statute is found to be applicable, the majority of courts hold that an unexcused violation is negligence per se ; that is, it is conclusive on the issue of negligent conduct.