Owns and operate - Study guides, Class notes & Summaries

Normal balances of accounts Lee Liken owns and operates Liken Services C1QuestionNormal balances of accounts Lee Liken owns and operates Liken Services Co. Identify each of the following accounts of Liken Services Co. as asset, liability, owner's equity, revenue, or expense, and st case whether the normal balance is a debit or a credit: Item Type of Account Debit or Credit a. Accounts Payable b. Accounts Receivable c. Cash d. Lee Liken, Capital e. Lee Liken, Drawing f. Fees Earned g. Land h. ...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

TFM 330 Exam 1 Questions and Answers Rated A+ Being in the business of providing content to audience while selling those audiences to advertisers is a defining characteristic of media sector Appealing to the Investment Community Investment community generally sees greater income potential in technology sector than media sector. Communications Decency Act failed 1996 and 1999 laws to keep indecent content off the internet -US struggled whether to treat internet as akin to telephon...

M100 WITH COMPLETE SOLUTIONS 100% Community Association Legal entity in which the owners enjoy the protection, enhancement, maintenance, and preservation of their homes and property Three defining characteristics of Community Association Mandatory Membership, Mutually Binding Documents, and Lien-Based Assessments Mandatory Membership Membership in the community association is mandatory and automatic for all owners Mutually Binding Documents Certain association governing docum...

WGU C483 - Principles of Management Accommodation A style of dealing with conflict involving cooperation on behalf of the other party but not being assertive about one's own interests Accountability The expectation that employees will perform a job, take corrective action when necessary, and report upward on the status and quality of their performance Accounting audits Procedures used to verify accounting reports and statements Acquisition One firm buying another Activi...

What entity balances generation and monitors/employs contingency reserves? CORRECT ANSWER Balancing Authority (BA) What entity has the widest system view and is the "supervisor"? CORRECT ANSWER Reliability coordinator (RC) What entity monitors transmission lines and operates tap-changers, breakers, capacitors, etc? CORRECT ANSWER Transmission Operators (TOP) What is a group of BAs that have agreements to help cover each other's reserve and regulation requirements? CORRECT ANSWER Rese...

M100 WITH COMPLETE SOLUTIONS 100% Community Association Legal entity in which the owners enjoy the protection, enhancement, maintenance, and preservation of their homes and property Three defining characteristics of Community Association Mandatory Membership, Mutually Binding Documents, and Lien-Based Assessments Mandatory Membership Membership in the community association is mandatory and automatic for all owners Mutually Binding Documents Certain association governing documents...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

Under the direction - Answer don't have to be on the same shift, appropriate policies and procedures in place, pharmacist ensures SOPs are followed direct supervision - Answer regulated member available immediately to provide assistance indirect supervision - Answer regulated member available to provide assistance in a reasonable timeframe Health Professions Act - Answer - Restricted Activities - Role of Colleges - Title Protection - Professional Conduct and complaints ...

State Farm Fire Independent Policy Exam| Questions and Answers, 100% Verified| Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. C. ALE payments can run beyond the...