Answer:
Reduce the Cash Book Balance by $45
Explanation:
The Cash Book Balance will be $45 too much (overstated) and should be reduced. Thus, this error be treated on the bank reconciliation by reducing the Cash Book Balance by $45.
Issuing a pre-approval letter means that borrowers have completed the loan application and provided their debt, total income, and savings information, and the _______ has verified this information.
Answer: underwriter
Explanation:
The loan underwriter is responsible for verifying the information provided by a borrower. They will then use this information to assess the risk that the lender is going to incur if they lend money to the borrower.
When this is done, a pre-approval letter is issued which shows the amount that the lender is willing to lend to the borrower.
Management should conduct a ________ to identify those controls that are most appropriate and provide the greatest benefit to the organization given the available resources.
Answer:
cost-benefit analysis
Explanation:
A cost-benefit analysis (CBA) is the process that are applied to determine the decision benefits or the actions are taken minus the cost along with the actions. It includes the financial metrics like revenue or the cost i.e. saved
So here in the given situation the cost benefit also provides the high benegits to the organization by having the resources
Therefore the above should be the answer
Ed was working on a custom-made workbench for a customer. The job, TB0414, was begun in November. At the end of November, the job cost sheet for TB0414 showed direct materials of $215, direct labor of 14 hours at $18 per hour, and overhead of 50% of direct labor cost. During December, Ed’s time ticket showed 15 hours on Job TB0414, 25 hours on Job TB0614, 10 hours of maintenance on the lathe, and 40 hours on a new job, DR1014. What is the total amount of overhead applied to TBO414?
Answer:
Allocated MOH= $261
Explanation:
Giving the following information:
Predetermined overhead rate= 50% of direct labor cost
To allocate overhead to Job TB0414, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
First, we need to determine the total labor cost:
TB0414:
Direct labor hours= 14 + 15 = 29
Total direct labor cost= 29*18= $522
Now, the allocated overhead:
Allocated MOH= 522*0.5
Allocated MOH= $261
BMW has announced changes to its 3-series models for the upcoming year. The changes include reduced weight, improved aerodynamics, and enhanced driving dynamics. In addition, consumers will have the option of purchasing the vehicle with or without all-wheel drive. How would you classify BMW's 3-series vehicles
Answer:
Improvements or revisions of existing products
Explanation:
The creation of new series or models of a product might see companies go all out to make wholesale changes which will be like a complete overhaul of the precious or current model or companies may opt for a mild changes in the existing product such as allowing for more variant, upscaling on the current model which will be termed as a sort of upgrade or improvement on the existing product. Based on the changes reported about the upcoming BMW 3 series, we can see from the changes made that there are no design or whole sale changes in the series, just an improvement in functionalities and more variant option of the existing model.
Comparisons of per capita gross domestic product (GDP) between countries: Group of answer choices provide information about both market and non-market productive capacities. are misleading because GDP isn't always consumption plus investment plus government spending plus net exports. do not necessarily provide a good measure of relative living standards. provide an accurate gauge by which to judge living standards.
Answer:
do not necessarily provide a good measure of relative living standards.
Explanation:
Gross domestic product (GDP) can be regarded as total monetary/market value of finished goods/ services
that is been produced within a boarder of a country in a specific time period.
Per capita gross domestic product (GDP) can be regarded as metric used in breaking down the economic output per person of a country. This can be calculated by finding the division of the GDP of a country i.e using its population to divide the GDP.
It should be noted that Comparisons of per capita gross domestic product (GDP) between countries do not necessarily provide a good measure of relative living standards.
What type of loan uses real estate for security?
A point of sale
A line of credit
. A disclaimer (it’s not disclaimer)
A second mortgage
Answer:
A second mortgage loan uses real estate for security
ith respect to the write-off of an uncollectible account receivable against the Allowance for Bad Debts account, a sound system of internal control would require: Multiple Choice an investigation of why credit was extended to this customer in the first place. a lawsuit to be initiated to recover the uncollectible amount. the write-off to be made within six months after the date of sale. the write-off be approved by two employees.
Answer:
The write-off to be approved by two employees
Explanation:
Allowance Method
This method is capitalizes on matching principle. The key work is to record bad debts expense in the same period as the sales revenue.
Direct Write-off Method
This is simply known as when an accounts receivable are written off and bad debts expense is recorded when the company determines that it will not be able to collect from a specific customer.
Method used
Record bad debts expense and reduce accounts receivable
Debit: Bad Debts Expense
Credit: Accounts Receivable
Recovery method
Step 1: Reverse earlier write off
Debit: Accounts Receivable
Credit: Bad Debts Expense
Allowance For Bad Debts Account
It is usually in a contra asset account, in relation to accounts receivable, that holds the estimated amount of uncollectible accounts. The account is said to limits the asset receivable in anticipation of uncollectible debts.
the Great Recession that began in 2007, the Fed lowered interest rates to almost 0%. What did it do to accomplish this policy
Explanation:
it makes it cheaper for banks to get money from the federal reserve
in return they can offer loans with less interest to customers such as those who buy homes
Suppose the nominal annual interest rate on a two-year loan is 8 percent and lenders expect inflation to be 5 percent in each of the two years. The annual real rate of interest is
Answer:
3%
Explanation:
Calculation to determine what the Annual real interest rate is
Using this formula
Annual real interest rate = Annual nominal interest rate - expected annual inflation rate
Let plug in the formula
Annual real interest rate=8%-5%
Annual real interest rate=3%
Therefore Annual real interest rate is 3%
If $240,000 is invested today and returns $432,000 in 10 years, what formula can be used to calculate the interest rate
Answer:
r = (FV/PV)^(1/n) – 1
and
Interest is 6.05 %
Explanation:
Interest is calculated as :
r = (FV/PV)^(1/n) – 1
Thus,
The formula that can be used to calculate the interest rate is
r = ($432,000/$240,000)^(1/10) – 1
= 6.05 %
A group of six investors wants to open a new bank. In their application to the Comptroller of the Currency, they discuss that the community they want to do business in has a median income of $55,000, that there are approximately 75,000 homes in the community and that there is approximately $5.6 million in sales generated in the community on any given day. Which decision factor for seeking a new charter are the investors discussing
Answer: The level of economic activity in the community
Explanation:
The decision factor for seeking a new charter that the investors discussing is the level of economic activity in the community. Economic activity refers to the activity regarding the provision, purchase and sale of goods or services in an economy.
Since the investors discuss that the community has a median income of $55,000, has 75,000 homes and that there is approximately $5.6 million in sales generated in the community on any given day, then they're discussing about the level of economic activity in the community.
Glenda works for a telecommunications company and oversees the planning, execution, and closing of any large telecom projects for new clients. Glenda is what kind of manager
Answer:
Project manager
Explanation:
Glenda must be working as a project manager.
A project manager is a person that leads the team to design and execute projects within an establishment. He/she also ensures monitoring and control of resources in order to get maximum results.
Hence, Glenda must have been employed as a project manager for the telecommunication company.
The distinction between a current asset and other assets: Multiple Choice is based on the ability to determine the current fair value of the asset. is based on when the asset is expected to be converted to cash, or used to benefit the entity. is based on how long the asset has been owned. is based on amounts that will be paid to other entities within a year.
Answer:
is based on when the asset is expected to be converted to cash, or used to benefit the entity.
Explanation:
There are mainly three types of assets
1. The current asset is the asset that converted into cash within 12 months
2. The fixed asset is the asset that remains fixed like land, building
3 The intangible asset is the asset that cannot be seen or touched like intellectual property such as goodwill, patent
So here the distinction is to be made with respect to the convertibility to cash and the benefit provided to the entity
what are the types of cheque
Answer:
Bearer Cheque.
Order Cheque.
Crossed Cheque.
Open Cheque.
Post-Dated Cheque.
Ante Dated Cheque.
Stale Cheque.
Traveler's Cheque.
Answer:
hey mate plz mark it as brainliest
Explanation:
Bearer Cheque.
Order Cheque.
Crossed Cheque.
Open cheque.
Post-Dated Cheque.
Stale Cheque.
Traveller's Cheque.
Self Cheque.
5. The demand for professional education is increasing these days. Put your views to support the
statement.
Answer:
Professional education helps to rectify the errors in business
Explanation:
Nancy works in a factory that produces dolls and other toys. To improve productivity, Nancy's manager broke down each job into its component tasks, determined the best way to perform each task, and specified the output to be achieved by each worker performing the task. As a result, Nancy is expected to add arms and legs to 50 dolls per day. She is paid $2.50 per doll, but if she exceeds 50 dolls in a day, she receives an additional $1.50 per doll. This scenario relates to
Answer:
the classical theory of motivation.
Explanation:
the three classical theory of motivation are :
Maslow's hierarchy of needs theory Herzberg's Two factor theoryTheory X and Theory Y.Theory X ad Y are theories about workers motivation and management. they were developed by Douglas McGregor in the 1960s in his book the human side of enterprise.
Assumptions of theory X
1. Workers dislike their work
2. Workers would not work unless coerced
3. Workers have to be micromanaged
4. Workers need incentive to work
Theory x encourages an authoritarian management style
Assumptions of theory Y
1. Workers enjoy their work
2. workers need little or no incentive to work
3. Workers seek and take on responsibility
4. Workers are more engaged in decision making
The management style employed by Nancy's boss is more aligned to theory X
The manager of a certain division at Alpha Manufacturing is evaluated on how efficiently the division uses equipment, buildings, and other assets to generate profits. This division is considered a(n): Multiple choice question. cost center investment center profit center asset center
Answer:
investment center
Explanation:
From the question we are informed about The manager of a certain division at Alpha Manufacturing who evaluated on how efficiently the division uses equipment, buildings, and other assets to generate profits. This division is considered a investment center. Investment center can be regarded as business unit in a particular organization , which is able to utilize capital in contributing directly to a profitability of the organization. Organization can evaluate the performance of an investment center by consideration of revenues it generate as regards investments.
The manager of a certain division at Alpha Manufacturing is evaluated on how efficiently the division uses equipment, buildings, and other assets to generate profits which are known as an investment center.
What is an investment center?
The investment center has the responsibility to manage the business funds and capital in a manner that creates huge profit revenues. The center monitors and controls the expenses, revenues, and assets of the business.
Therefore, it has to ensure that all resources are being optimized and are allocated effectively to generate profits.
Learn more about business divisions here:
https://brainly.com/question/1196005
A market situation where all participants have an incentive to exploit a resource yet no one can limit anyone else's access to that resource, resulting in over-exploitation, can be described as a(n)
Answer:
Tragedy of the Commons
Explanation:
The tragedy of the commons refers to a situation where the individual could access to the resources that are shared for their own interest.
So it is the market situation where the participant expolited the resources also there is no limited for accessing the resources
So the above term should be considered for the given situation
Suppose you deposit $2,262.00 into an account today. In 11.00 years the account is worth $3,855.00. The account earned ____% per year.
Answer:
4.97 %
Explanation:
Data and Calculation :
PV = - $2,262.00
N = 11.00
FV = $3,855.00
P/YR = 1
PMT = $0
I/YR = ? 4.97 %
THUS,
The account earned 4.97 % per year.
Mercedes has decided that she wants to be an electrician. She discovers that her local power company has a program where she can get on-the-job experience and go to school. This will eventually get her the background she needs to be an electrician. What kind of program is this?
A.
gap year
B.
apprenticeship
C.
advanced degree
D.
certificate program
Answer:
B
Explanation:
An apprenticeship lets you work and go to school while teaching you how to correctly do the job.
Suppose that Boeing and Rolls-Royce Holdings are the sole producers of a particular jet engine. The two firms currently charge the same price for their products. If neither firm reduces the price of its engine, each firm earns $36 million in profit. If both firms reduce their prices, then each firm will earn $10 million in profit. If one firm reduces its price and the other does not, then the firm that reduces its price will earn a profit of $50 million while the other firm will earn a profit of $5 million. If the firms can operate as a cartel, then
Answer:
each firm reduces its price.
when a company following a differentiation strategy ensures that the higher price it charges for its higher quality is not priced too far about the price of competition, the company is using the process of
Answer:
cost proximity.
Explanation:
Cost proximity is a strategy that some organizations can follow to conquer the market. The strategy consists of offering differentiated products with more added benefits than competitors that use a mass product strategy, but without the price of their differentiated product being much higher than those of competitors. With this, the company is able to reach more consumers who perceive greater added benefit from purchasing a differentiated product at a price not much higher than a standard product.
Companies that use this strategy use a configuration of their value chain that allows for gains of scale that allow them to pass on a better price to the consumer without loss of profitability
Combining data from multiple sources in an effort to find obscure hidden connections that might help identify criminals or terrorists is known as: Group of answer choices Nonobvious relationship awareness Behavioral Targeting Internet Marketing Profiling.
Answer:
Nonobvious relationship
Explanation:
Cyber security can be defined as a preventive practice of protecting computers, software programs, electronic devices, networks, servers and data from potential theft, attack, damage, or unauthorized access by using a body of technology, frameworks, processes and network engineers.
A nonobvious relationship can be defined as a process which typically involves combining data obtained or generated from multiple sources so as to help an individual and business detect hidden (obscure) connections that could help identify and unravel unscrupulous elements such as hackers, criminals or terrorists.
Just like its name, a nonobvious relationship exists between member nations or groups and it may not be exposed to nonmembers.
Grace is waiting in her office to meet Joseph, the new sales representative for Powerslam shoe company. Joseph arrives promptly and Grace notices he is well-dressed, sounds intelligent, and has a firm handshake. Joseph immediately inquires about what shoe styles would sell best in Grace's store and how many pairs she is interested in ordering. He listens attentively to her reply. What key element in Joe's sales approach is lacking
Answer : Building rappport
Explanation:
BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recently decided to cut the prices it pays for the raw materials. BlockWood Inc. tried to negotiate a price that would be feasible for both companies, but Couches did not agree to pay more than what they had quoted. As BlockWood Inc. was facing similar difficulties with other buyers too, it eventually stopped supplying raw materials and took to manufacturing furniture instead. This scenario best illustrates ________.
Answer:
Forward integration
Explanation:
Forward integration is a type of business strategy in which the business activities should be carried forward for incorporating the complete production of the product i.e. from the raw material to the end manufacturing of the product along with the supply chain and its logistics. In this, the supplier of the raw material should extend the business to the end manufacturing of the product
So as per the given situation, it is a forward integration
The company named Block Wood Inc. is providing raw materials for Couches Corp. The management has found about the price cuts it pays for raw material. Both the companies are trying to negotiate the prices and are facing difficulties with the buyers.
They need a business strategy such as forward integration that involves a downstream vertical integration. Where the company owns and controls the business. They are always head of the value chain in the industry. They can directly distribute or supply the products.Hence the option D is correct.
Learn more about the has been providing raw materials to Couches Corp., a furniture company.
brainly.com/question/17897651.
In the Shaping Department of Vaughn Company the unit materials cost is $6.00 and the unit conversion cost is $2.00. The department transferred out 40300 units and had 4800 units in ending work in process 25% complete. If all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process is
Answer: $31200
Explanation:
Based on the information given in the question, the total cost to be assigned to the ending work in process will be:
Material cost = 4800 × $6 = $28800
Conversion cost = 4800 × 25% × $2 = $2400
Therefore, the total cost to be assigned to the ending work in process will be:
= $28800 + $2400
= $31200
Curtis purchased stock with an initial share price of $140, and sold it when the share price was $119. While he owned the stock, he earned $10 in dividends. What was his total percentage return on the investment?
Answer:
i think it is 31 i hope this helps brainlist pls
Required-: JOURNAL ENTRY (ACCOUNT)
Paid Rs. 28,000 to Sansee stores in fullsettlement of Rs. 30,000 by cheque please help Me with this. I'm still confused in it.
- Hey there , ronisha!
Answer:
[tex] \large{ \tt{SEE \: THE \: ATTACHED \: PICTURE}}[/tex]
[tex] \large{ \tt{E \: X \: P \: L \: A \: N \: A \: T \: I \: O \: N}} : [/tex]
Full settlement generally means DISCOUNT ALLOWED. Firstly , Read out the question and try to understand. It says we purchased some stuffs of Rs 30000 from the sansee stores and we payed Rs 28000 in full settlement which implies that we received the discount of Rs 30000-28000 i.e Rs 2000. You must have known the rules for debit and credit. As we know In case of personal account , Debit : The receiver , We have sansee stores as the receiver so we placed it in debit side. Remember: When the question says that the cash is payed through cheque , you should always consider cheque as a bank. Now , In the case of personal account , Credit : The giver. Who's the giver? Of course , bank! So , we placed it in credit side. Now , In case of nominal account , Credit : the incomes or gains . The question says we received the discount so obviously it's not expenses. So, We placed discount received in credit side. You must have studied that Every debit should have equal credit. And we're done!- Hope this helps! Please let me know if you have any questions regarding my answer and also don't hesitate to reach out to me if you need any other help! :)
Will give brainliest to anyone who can explain how to solve this
Find the amount of markup by subtracting the store cost from sale price:
25-5 = 20
Divide markup amount by cost:
20/5 = 4
Multiply by 100 to get percentage
4 x 100 = 400 %
The answer is B. 400%
Answer:
Explanation:
After-Before/Before = 25-5=20 / 5=4 = 400%B
On January 1, a company purchased a five-year insurance policy for $1,800 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is: A. Debit Prepaid Insurance, $1,800; credit Cash, $1,800. B. Debit Prepaid Insurance, $1,440; credit Insurance Expense, $1,440. C. Debit Prepaid Insurance, $360; credit Insurance Expense, $360. D. Debit Insurance Expense, $360; credit Prepaid Insurance, $360. E. Debit Insurance Expense, $1,440; credit Prepaid Insurance, $1,440.
Answer:
D. Debit Insurance Expense, $360; credit Prepaid Insurance, $360
Explanation:
The journal entry is shown below:
Insurance expense Dr $360 ($1,800 ÷ 5 years)
To Prepaid insurance $360
(being insurance expense is recorded)
Here insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets