General Business Questions and Answers

Mystery Shopper. Is this legit? Sent me a check for $4998.00?

I recieved a check along with memorandum from Shopping Track Inc
The instructions were for me to give the name a # so I can deposit the check, which I did and they said after the check clears and I can access the cash to nickname them back. They did include my asssignments which are shopping at Two stores and sending a monygram and a western confederation transfer. They also included a reimbursement to me for $300.00. I cannot see a problem as I do nothing until the check have cleared and I get the currency from my bank to complete the assignments. Any Thoughts?


Answers: Someone you do not know sends you a check for $5000?
Yeah, that's a scam.

You will deposit the check.
Then you will convey cash to someone via Moneygram and Western Union. Then the check will somehow bounce and you will be out the money you sent. And afterwards the bank will charge you fees for depositing a impossible check. You get screwed every which channel.

The best thing you can do is nick the check to the police department, tell the story, they'll know it is a scam. They'll achieve an article in the local daily to inform other people and next fewer ancestors will be scammed. You will get various good karma points for helping others.
come on very soon!?..do you really think this is lawful..it is one of the oldest cons around..The check will clear temporarily..you will send them their money and a few days then the bank will contact you truism that the check is no good and you will be responsible for returning the funds..no..no..no..no..no..no!

Accounting sustain ?

I need minister to figuring this answer out, I can not come up beside the correct answer, thanks

Day Inc. have 5,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par expediency common stock outstanding at December 31, 2006. What is the annual dividend on the preferred stock?
My choices are as follows
A. $50 per share
B. $25,000 surrounded by total
C. $600 in total
D. $0.50 per share
Than you


Answers: Assuming the company made satisfactory profit and has adequate cash flow to reward the dividend, the preferred stock dividend is $25,000 in total (5,000 x 0.05 x 100). If after paying this, the co. still have enough disappeared over, then it can payment dividends to common stockholders.

Accounting minister to?

Please help me next to this problem, thanks

The network income reported on the income statement for the current year was $250,000. Depreciation record on fixed assets and amortization of patents for the year be $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the emergence of the year are as follows:

Cash
End $50,000
Beginning $60,000
Accounts receivable
End $112,000
Beginning $108,000
Inventories
End $105,000
Beginning $93,000
Prepaid expenses
End $4,500
Beginning $6,500
Accounts payable (merchandise creditors)
End $75,000
Beginning $89,000
What is the amount of cash flows from operating comings and goings reported on the statement of cash flows prepared by the indirect method?

A. $271,000
B. $279,000
C. $327,000
D. $256,000


Answers: Cash flows from operating actions

Profit before taxation 250,000
Adjustments for:
Depreciation 40,000
Amortization 9,000
Subtotal $299,000
Increase contained by trade receivables (4,000)
Increase in inventories (12,000)
Decrease surrounded by prepaid expenses 2,000
Decrease in trade payables (14,000)
Cash generate from operations 271,000
Interest remunerated 0
Income taxes paid 0

Net bread from operating activities 271,000

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