I am not 100% sure but I think it would be B a loan officer
Answer: The bank does not need to pay because of the fictitious payee rule
Explanation:
The fictitious payee rule states that in a scenario whereby a person or a bank collects a negotiable instrument like a check and then pays the check to the fictitious person, the drawer of the check is responsible and the loss doesn't fall on the third party who accepted the instrument or in this case, the bank that cashed the check.
Therefore, based on the explanation above, the option that is true is that "the bank does not need to pay because of the fictitious payee rule".
Answer:
net incremental cost = $ 2.2
Explanation:
Data provided:
Direct material cost = $ 10 per unit
Direct labor cost = $ 24 per unit
Overhead cost = $ 16 per unit
thus,
the total cost of the product = $ 10 + $ 24 + $ 16 = $ 50
Now,
if bought from outside cost = $ 45
Overhead cost if bought from outside = 45% of the overhead cost
= 0.45 × $ 16 = $ 7.2
hence, the total cost if bought from outside = $ 45 + $ 7.2 = $ 52.2
since, the cost of product if bought from outside side is greater than the product is produced by own
therefore, the net incremental cost = $ 52.2 - $ 50 = $ 2.2
Answer:
inflation rate= 0.06= 6%
Explanation:
Giving the following information:
Interest rate= 12%
Real rate of return= 6%
The inflation rate is counterproductive to the interest rate.<u> The inflation rate reduces the purchasing price, therefore it decreases the interest rate effect on nominal money.</u>
Real interest rate= interest rate - inflation rate
0.06 = 0.12 - inflation rate
inflation rate= 0.12 - 0.06
inflation rate= 0.06= 6%
Answer:
the contribution margin per unit for part A is $1,479,000
Explanation:
The computation of the contribution margin for part A is shown below:
Contribution margin per unit is
= $950 - $600 - $95
= $255
Now for contribution margin per unit for part A is
= 5,800 units × $255
= $1,479,000
Hence, the contribution margin per unit for part A is $1,479,000
