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Hatshy [7]
3 years ago
8

Cleo writes a check for $100 drawn on debit & credit bank and presents it to elegant jewelers for payment. if the check is n

ot backed by sufficient funds and intent to defraud can be proved, cleo may be prosecuted for
Business
1 answer:
Drupady [299]3 years ago
4 0
<span>Cleo may be prosecuted for </span>fraud for unlawful issuance of check. This happens when the owner will request for a check but her account does not have enough money as what the check stated.
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Lighter Than Air Industries expects that it would lose $10 million if a tornado struck its aircraft operations facility. It expe
Semenov [28]

Answer:

Single loss expectancy = $10,000,000

Explanation:

Given:

Loss of amount if tornado hit = $10,000,000

Single loss expectancy = ?

Computation of Single loss expectancy:

Single loss expectancy = Assets value × Exposure factor

Single loss expectancy = $10,000,000 × 1

Single loss expectancy = $10,000,000

Annual loss expectancy = Assets value / Expected year

Annual loss expectancy = $10,000,000 / 100

Annual loss expectancy = $100,000

7 0
4 years ago
Mark and Mindy are new parents. They wish to start saving for their son’s college education. They anticipate they’ll need $150,0
Reika [66]

Answer:

Quarterly deposit= $1,001.06

Explanation:

Giving the following information:

They anticipate they’ll need $150,000 in 18 years. The account pays 7.75% per year compounded quarterly.

To calculate the annual deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

FV= 150,000

n= 18*4= 72

i= 0.075/4= 0.01875

A= (150,000*0.01875) / [(1.01875^72)-1]= $1,001.06

6 0
3 years ago
1) There are more final consumers than business and organizational customers, so more is purchased by final consumers. Answer: F
Stels [109]

Answer:

1. The first statement is false, since there are more middle customers than final consumers in a business. Middle customers are those entities that used the purchased product as a raw material for a further process or directly sell that to some other entity.

2. Manufacturers and developers are producers and sometimes customers for some other entity from which they are procuring raw materials from. Hence,false.

3. B2B refers to the business to business transaction in which one organisation purchase goods from other organisation for not final consumption. Hence the statement is true.

4. The given statement is true as these are the buyers who purchase a product for some further use.

3 0
3 years ago
Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit cost
patriot [66]

Answer:

Following are the responses to the given question:

Explanation:

For question 1:

Calculating the cost per unit:

\text{Direct material}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$5\\\\\text{Direct labor} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \$3\\\\\text{Variable overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1.5\\\\\text{Fixed overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$7\\\\\text{Cost per unit}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$16.5\\\\

For question 2:

Calculating the ending inventory units:

= \text{Beginning inventory + units produced - ending inventory}\\\\= 0+40,000-38,400\\\\= 1600\ units\\\\

Calculating the cost for the Ending inventory:

=1600\ units \times \$16.5\\\\=\$26,400\\\\

For question 3:

Calculating the absorption costing for the income statement:

Particular                                             Amount

Sales (38,400\times \$24)\ \ \ \ \ \ \ \ \ \   \ \ \ \ \ \ \ \ \ \ \ \ \ \$921,600

-COGS(38,400\times \$16.5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \  \$633,600

Gross profit                                          \$288,000

Cost of variable marketing  (\$1.2\times 38,400)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \$46,080

marketing and administrative costs are fixed \$130,500

Net income                                            \$111,420

6 0
3 years ago
When submitting your résumé using an online fill-in-the-blank form, why is it better to copy and paste text from your résumé, ra
Anettt [7]

Answer:

You will want to copy and paste from your original résumé as much as possible to eliminate the possibility of errors, because your résumé should be perfect.

Explanation:

Welcome ;)

8 0
3 years ago
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