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salantis [7]
3 years ago
5

1. Frank’s electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Fra

nk pays his electric bill on the 12th of the month?
Business
2 answers:
MaRussiya [10]3 years ago
5 0
The answer is he won't be paying any late or penalty fee.
Grace period is usually given by the company as a form of goodwill towards the consumers who are late in paying their late bills.
Since on the 12th day is still considered within the one day grace period, Frank is not entitled to pay any additional amount from his usual charge of the bill (or any other form of penalties)
Sophie [7]3 years ago
4 0
The cycle day of Frank’s electric bill is the 3rd of the month. It is due 8 days after, which is the 11th of the month. A one-day grace period is given, which falls on the 12th of the month. If Frank pays his electric bill on the 12th of the month, he is still within the provided grace period and will not incur surcharges on his electric bill.
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Answer and Explanation:

The journal entries are shown below:

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3 years ago
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Answer:

Falsifiability

Explanation:

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when reviewing their accounts, the yanos company discovered that in the previous year there had been improper treatment of tax l
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7 0
1 year ago
With negotiated transfer pricing, what is the minimum transfer price if operating at capacity? What is the minimum transfer pric
dezoksy [38]

Answer:

Minimum transfer price when operating at capacity is the marginal cost + opportunity cost

Maximum transfer price is marginal cost only, when not operating at capacity.

Explanation:

Minimum transfer price when operating at capacity is the marginal cost + opportunity cost because when operating at capacity there are 2 elements involved - the cost at which it has made the units it will be transferring to another department within the organisation, and the profit it would have made if it had sold those units to others (opportunity cost)

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8 0
3 years ago
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Answer:

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