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2 years ago

Patrick is looking to open a checking account to use for groceries he should go to a

1 answer:

3 0

Patrick goes to any U.S bank branch for opening a checking account for the use of groceries with some documents required for opening a checking account.

<h3>What is a Checking Account?</h3>

A checking account makes it simple to access your money for daily transactions while also assisting in keeping your money safe. It's a flexible account that gives you the freedom to handle your daily spending, including bill payments, purchases, and paycheck management.

As a result, Patrick needs to visit any branch of a U.S. bank with some documentation, such as his Social Security number and a current, government-issued photo ID, such as a driver's license or passport, to open a checking account to pay for groceries or other personal expenses.

Learn more about Checking accounts here:

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Elite Trailer Parks has an operating profit of $200,000. Interest expense for the year was $10,000; preferred dividends paid wer

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Answer:

a. Earnings per share = (Operating profit - Interest expense - Tax - Preferred dividends) / Common stock outstanding

Earnings per share = ($200,000 - $10,000 - $61,250 - $18,750) / $20,000

Earnings per share = $110,000 / 20,000 Shares

Earnings per share = $5.5 per share

Common dividends per share = Dividend paid / Common stock outstanding

Common dividends per share = $30,000 / 20,000 Shares

Common dividends per share = $1.50 per share

b. What was the increase in retained earnings for the year?

Increase in retained earnings = $110,000 - Common dividend paid

Increase in retained earnings = $110,000 - $30,000

Increase in retained earnings = $80,000

So, the increase in retained earnings for the year is $80,000.

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3 years ago

Changes that can increase measured total factor productivity include:

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Answer:

The correct answer is letter "A": increased expenditures on education.

Explanation:

Total Factor Productivity (<em>TFP</em>) measures the total production of a region by dividing the total amount of output by the weighted average of inputs such as labor and capital. It represents growth in real output as a result of changes in labor and capital. Under such a scenario, <em>changes in the expenditures for education would change the total factor of production since it has a direct impact on labor quality. The higher the expenses in education, the higher the quality of labor.</em>

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3 years ago

Wagon Department Store had net credit sales of $16,000,000 and cost of goods sold of $15,000,000 for the year. The average inven

miv72 [106K]

Answer:

7.5 times

Explanation:

Inventory turnover = $\frac{Cost \: of\: goods\: sold}{Average\: Inventory}$

We have been provided that,

Cost of goods sold = $15,000,000

Average inventory for the year = $2,000,000

Therefore, Inventory Turnover ratio = $\frac{15,000,000}{2,000,000}$

= 7.5 times

It means on an average how many times the inventory is sold, and replaced during the period.

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4 years ago

Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a

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Solution:

Instructions Journalize the April transactions:

Date Account Titles and Explanation

4/30 Work in Process—Cooking

Work in Process—Canning

Raw Materials Inventory

4/30 Work in Process—Cooking

Work in Process—Canning

Factory Labor

4/30 Work in Process—Cooking

Work in Process—Canning

Manufacturing Overhead

4/30 Work in Process—Canning

Work in Process—Cooking

Cooking and out the debits

Debit Credit

22,800

10,900 33,700

9,400

7,230 16,630

33,800

28,100 61,900

55,900

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3 years ago

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Answer:

It's A.

Explanation:

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3 years ago

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