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QveST [7]
2 years ago
7

Dakota Mining Company pays its bills and employees with checks drawn on a bank from another part of the country. Checks usually

take about three days to clear the firm's account. _____ is the advantage gained during the check-clearing time.
Business
1 answer:
UNO [17]2 years ago
7 0

Dakota Mining Company pays its bills and employees with checks drawn on a bank from another part of the country. Float  is the advantage gained during the check-clearing time.

<h3>What is float?</h3>

Generally, The float is money in the banking system that is momentarily counted twice owing to time delays in reporting a deposit.

In conclusion,  the advantage gained during the check-clearing time is called float

Read more about Banking

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As part of the overall systems engineering process, there are three software engineering/development approaches. When using the
shusha [124]

When using the Waterfall Approach, development activities are performed in order, with possibly minor overlap, but with little or no iteration between activities.

Explanation:

There is a seamless execution of software operation with perhaps a slight variation, but little or no repetition. User standards are identified, requirements are described and the whole system is designed, intended and tested at one moment in time for ultimate delivery.

A document-based approach better suited to structures of strongly precedent and reliable requirements.

Sometimes referred known as the great linear and sequential model, the waterfall model is also quite linear and sequential for the activity flow in this model, as its title suggests.

4 0
3 years ago
( By the way, this is a question related to financial accounting.) International Investment Group is looking to invest $95,000 i
Over [174]

Answer:

The correct option is;

The company's Financial Books

Explanation:

In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.

7 0
3 years ago
Target is seeking a new distribution system because A. competition from Amazon and Walmart is intense. B. it needs to speed up r
podryga [215]

The target is exploring a new distribution strategy aimed at speeding up re-cutting and making the seller more inclined as they compete with competitors such as Amazon and Walmart.

<h3>What new distributive strategy Target is focusing on?</h3>

Target is trying a new strategy to distribute products in its stores. The aim is to integrate the target completion cycle from days to hours and to reduce the number of goods in stores.

The center sends small items and often to stores while using the same inventory to fill online orders.

Thus, the correct statement is Option B.it needs to speed up restocking.

Refer distributive strategy for more details,

brainly.com/question/5575565

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6 0
2 years ago
Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of busi
zaharov [31]

Answer:

Cash account reconciliation:

Cash account balance                                $27,700

subtract bank fees                                           ($110)

subtract NSF check                                  <u>     ($580)</u>

Reconciled balance                                    $27,010

Bank account reconciliation:

Bank account balance                               $26,000

subtract outstanding checks                     ($5,700)

add deposits in transit                                 $6,300

add error with Smith Company check    <u>        $410</u>

Reconciled balance                                    $27,010

5 0
3 years ago
Basic Company uses activity-based costing. Assume the predetermined overhead allocation rates are $0.90 per machine hour for mix
Elodia [21]

Answer:

$2.70 mixing; $4.40 sampling

Explanation:

Activity based costing is a process by which the various activities in a production process are identified and cost allocated to each one. Each of these actity costs are added as product cost. It involves assigning indirect cost to direct cost.

For mixing department the cost rate is $0.9 per hour for 3 machine hours. So cost is (0.9* 3)= $2.7

For sampling the rate is $2.20 for 2 tests. So cost is (2.20* 2)= $4.4

7 0
3 years ago
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