1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mice21 [21]
2 years ago
7

Which of the following best describes the availability​ float? A. how long it takes the firm to process the check and deposit it

in the bank B. how long it takes before payments to suppliers actually result in a cash outflow for the firm C. how long it takes for a firm to be able to use funds after a customer has paid for its goods D. how long it takes before the bank gives the firm credit for the funds
Business
1 answer:
Eva8 [605]2 years ago
4 0

Answer:

The correct answer is option A.

Explanation:

Availability float refers to the time difference between when the check is deposited and when the money is transferred to the recipient's account.  

The time difference exists because the bank has to process the physical check before transferring the funds.  

So the availability float can also be defined as the time taken by a bank to process and honor a check and transfer the funds to the recipient's bank.

You might be interested in
Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? What is his marginal rate if,
yulyashka [42]

Answer:

The question is not complete.

Here is the complete question:

Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the US tax rate schedule)

Required:

a. If Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income?

b. What is his marginal rate if, instead, he had $40,000 of additional deductions?

Here are the answers:

a. 24%

b. 12%

Explanation:

Marginal tax rate is an incremental tax rate that is paid out of the taxable income of a tax payer. It represents the rate at which the last unit of dollar of the taxable income is taxed. The marginal rate for each income bracket is supplied by the Internal Revenue Service (IRS).

                                Chuck Marginal Tax Rate

a) The marginal tax rate for Chuck if he earns additional $40,000 taxable income will be:

= $75,000 + $40,000

= $115,000

Marginal tax rate for $115,000 is 24% according IRS tax rate schedule.

b) If instead, it is an additional deduction of $40,0000, the marginal tax rate will be:

= $75,000 - $40,000

= $35,000

The marginal tax rate for taxable income of $35,000 is 12% according IRS tax rate schedule.

Note: the interest is categorized as interest from municipal bond, so it is tax free.

It is also assumed that Chuck is single. Hence, tax rate under single filer applies to him.

6 0
3 years ago
Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible.
kogti [31]

Answer: Please see the required journals below:

Mar. 17:

Debit Allowance for doubtful accounts $1,000

Credit Accounts receivable $1,000

July 29:

Debit Cash $1,000

Credit Bad debt recovery (income statement) $1,000

Explanation: On March 17, when $275 was received from Shawn and the remaining balance of $1,000 was written off, the allowance for doubtful accounts has to be debited since the company adopts the allowance method of accounting for uncollectible receivables. Note that the allowance account would have the required buffer to take care of this debit. Similarly, when the recovery was made, cash would be debited then the credit would default to income statement.

3 0
3 years ago
MC Qu. 128 Leeks Company's product has... Leeks Company's product has a contribution margin per unit of $13.57 and a contributio
Ray Of Light [21]

Answer:

The price of the product is $59

Explanation:

Contribution margin is the net of the selling price and variable cost per unit. Contribution margin ratio is the ratio of contribution per unit to selling price per unit. As given below

Contribution margin ratio = Contribution margin per unit / Selling price per unit

23% = $13.57 / Selling price per unit

Selling price per unit = $13.57 / 23% = $59

3 0
3 years ago
Sensitivity analysis:______.
alisha [4.7K]

Answer:

b. helps identify the variable within a project that presents the greatest forecasting risk.

Explanation:

Sensitivity analysis refer to the financial model that measures how the variable i.e. target one should be impacted and depend on the change in the other variable that we called as an input variable

In this, it would help to identify the variable that lies within the project and provide the high risk of forecasting

Therefore the option b is correct

4 0
2 years ago
an unmarried taxpayer, has wages of $45,000. He has a significant amount of income from dividends and interest and therefore exp
Olin [163]

Answer: $8500

Explanation:

Since the total amount of estimated tax liability for 2018 is $18000 and the tax withholding is $9500$, then the balance tax payable for 2018 will be:

= $18000 - $9500

= $8500

Therefore, the minimum amount of total estimated tax that Randy must pay in 2018 in order to avoid a penalty for underpayment of estimated taxes will be $8500

8 0
3 years ago
Other questions:
  • Chewy Candy has a beginning inventory of $1,000 with a retail value of $1,800. June purchases were $3,000, with a retail value o
    5·1 answer
  • McMurphy Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the produ
    13·1 answer
  • Assume that the amount of money deposited in a bank is proportional to the square of the interest rate the bank pays on this mon
    7·1 answer
  • The XYZ car manufacturing company is advertising its new hybrid vehicle. It understands that its competition, Toyota's hybrid ca
    10·1 answer
  • If you had $1,000 to invest into the following funds, which one would have the highest value (not including any fees) at the end
    6·1 answer
  • James Turbyfil purchased 100 shares of IBM for $72. James also paid $55 commission. What was the total purchase price for this t
    9·1 answer
  • Why are free and fair elections most likely weakened by a lack of opposition parties? it allows some political issues to be igno
    13·2 answers
  • Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below: Machine-hour
    5·1 answer
  • Ly Company disposed of two different assets.
    13·1 answer
  • A. are dividends paid to creditors or investors? explain why. b. how much cash is in the retained earnings account?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!