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Nina [5.8K]
3 years ago
8

Bill signs a check payable to the order of City Bank, filling in the blanks for the amount with the figures "$100" and "One thou

sand and 00/100dollars." This check is payable in the amount of a. $0.b. $100.c. $1,000.d. $1,100.
Business
1 answer:
nirvana33 [79]3 years ago
6 0

Answer: a. $ 0

Explanation:

The check is only payable if the amount in words and amount in figures matches .In this case since they do not match the check is not payable

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Small percentage changes in an amount from a company's financial statement may still represent large dollar amounts; therefore,
Lera25 [3.4K]

Answer: You are trying to find out if the statement is true or false? It is FALSE.

Explanation: Analysts should be concerned with the material movements in the company's financial statements. Although as stated in the question, small changes could amount to material movement but that applies in situations where there is a huge outflow but at the same time, there is similar inflow, so the net effect is negligible on a particular financial statements line item. This instance is not relevant to financial analysts but only the concern of internal control and or internal audit.

Financial analysts are interested in what the key drivers of the financial statements are. These drivers in most cases are an avenue to explain what has transpired in the financials between the current period and the preceding one by way of writing a commentary and providing a succinct and holistic explanation of the financial statements.

It would be time consuming and too operational if analysts are concerned with every percentage movement in the financial statements.

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Natalka [10]

Variable cost refers to the costs of production that fluctuate depending on the number of units​ produced.

<h3><u>Explanation:</u></h3>

The cost of any product that changes based on the quantity of goods that are produced. The volume that is produced decides the fluctuations in the variable cost. Fixed cost is the cost that will not change based on the number of units of the goods that is produced. Rent of a building can be considered as a fixed cost.

Example for variable cost may be raw materials cost, packaging cost,etc. Variable cost can be calculated by adding up the cost of labor and raw materials that are used in the production of one unit of a good. The total variable cost can be calculated by multiplying   variable cost per unit with the number of units produced.

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