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Jlenok [28]
3 years ago
11

How much money do a bank make daily

Business
1 answer:
ZanzabumX [31]3 years ago
8 0

On savings accounts, banks make money by paying depositors virtually no interest. Most major banks pay an interest rate of only 0.01% on their savings accounts. And then they use the money customers deposit to make loans at much higher rates. So, we are basically giving interest-free loans to banks. and by the end of the year they will have over a million dollars.

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Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows:
SashulF [63]

Answer:

Instructions are below.

Explanation:

a)

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 180,660/2,600

Predetermined manufacturing overhead rate= $69.49 per machine hour

<u>Now, we can allocate overhead to each product line:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Home= 69.49*1,200= $83,388

Work= 69.49*1,400= $97,286

<u>b) We need to determine the unitary cost for each product:</u>

Home:

Unitary cost= 38 + 23 + (83,388/620)= $195.50

Work:

Unitary cost= 72 + 40 + (97,286/490)= $310.54

<u>c) Gross margin= selling price - unitary cost</u>

Home:

Gross margin= 359 - 195.5= $163.4

Work:

Gross margin= 573 - 310.54= $262.46

6 0
3 years ago
If butter and margarine are substitute goods, an increase in the price of butter is most likely to cause:
Ad libitum [116K]

Answer:

a

Explanation:

people will want more margarine

5 0
3 years ago
How many total absences can you have in school?
mixer [17]
Around 12 then they send a letter home
7 0
3 years ago
Read 2 more answers
Ingvar Kamprad’s influence over IKEA may have even been stronger than that of Sam Walton over Walmart because IKEA is a privatel
julia-pushkina [17]

Answer:

There are similarities in the way businesses are run, but the management and influencing capacity on both are completely different.

Though during the founding days both the organizations, IKEA and Walmart operated under direct influence of the founders.

Also,  power and responsibility is more shared, though there would be some adaptation and conflict changes that is expected, but it is differently structured than Walmart and would not suffer much.

Explanation:

Solution:

Now,

There are similarities in the way businesses are run, but the management and influencing capacity on both are completely different.

Though during the founding days both the organizations, IKEA and Walmart operated under direct influence of the founders.

Where as Walmart still had a lot of key decisions directly made through the founders,

  • Key global expansion
  • Key local management

Everything was micro managed from the HQ through Sam.

But after the few years of success, the model of IKEA remained same but they went to several countries and became more regional.

Global decisions were made from The HQ under the direct supervision of Ingvar  But all the key regional war was given to a CEO, who had all the decisions to make.

This way there was a lot of power sharing and responsibility distributed. In case of any problem, HQ has interruptions to make it correct.

This implies power and responsibility is more shared, though there would be some issues and adaptation changes that is expected, but it is differently structured than Walmart and would not suffer that much.

Therefore, No the effect would not be similar to that of Walmart leadership transition.

7 0
3 years ago
Miller Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs
laiz [17]

Answer:

C. straight back chairs will be overcosted

Explanation:

Miller Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs are made by hand. Miller Company uses a company-wide overhead rate that is based on direct labor hours to assign overhead costs to the two products. If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis:

A. rocking chairs will be undercosted

B. There should be no impact on unit cost  

C. straight back chairs will be overcosted

D. rocking chairs will be overcosted.

EXPLANATION

If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis then the straight back chairs will be overcosted<u> because the automation process directly implies that it no longer drives labor hours since it is no longer made by hand.</u>

Automated processes should use machine hours rather than labor hours, for the allocation of its overhead.

8 0
3 years ago
Read 2 more answers
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