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WARRIOR [948]
3 years ago
12

Nadia could not withdraw money from her checking account, even though it had been several weeks since she deposited a check. Wha

t act protects her from this?
Equal Credit Opportunity Act
The Truth in Lending Act
Expedited Funds Availability Act
The FDIC Deposit Regulations Act
Business
2 answers:
seraphim [82]3 years ago
4 0
The last one is definitely not the answer. I am also trying to figure this out but I know for a fact the last one isin't, I think it is the 3rd option! i looked up the defenitions of the others and the one that seems right  is the 3rd. Goodluck!

natka813 [3]3 years ago
4 0

Expedited funds availability act

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Greener Pastures Corporation borrowed $1,800,000 on November 1, 2015. The note carried a 8 percent interest rate with the princi
julsineya [31]

Answer:

Dr cash     $1,800,000

Cr Notes payable           $1,800,000

Interest accrual:

Dr Interest expense  $24,000

Cr Interest payable                  $24,000

Assets                             =liabilities                      +   shareholders'equity

+Cash $1,800,000          =+loan $1800,000

                                         =+liabilities $24,000    + -retained earnings  $2400

Explanation:

The issue of notes payable on November 1 2015 implies that there is cash inflow of $1,800,000 while current liabilities also increased by $1,800,000,as result cash is debited with the $1,800,000 and credit is posted notes payable.

On 31st December ,interest of two months would been incurred and should be accrued in the accounts with amount below:

$1,800,000*8%*2/12=$24,000

This should be debited to interest expense and credited to interest payable account

7 0
4 years ago
The ____ act criminalized securities fraud and stiffened penalties for corporate fraud.
Arte-miy333 [17]
I believe this is the Sarbanes Oxley act
3 0
3 years ago
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is i
madreJ [45]

Answer:

attached below is the table showing the first stage of allocations of cost to activity

Explanation:

The first stage of allocations of cost to activity cost pools

is calculated by :

( percentage cost of distribution ) * ( cost assigned )

1)  Driver and Guards wages  

Travel = 960000 * 50% =  $480000

pickup and delivery = 960000 * 35% = $336000

customer service = 960000 * 10% = $96000

other = 960000 * 5% = $48000

Total = $960000

2) Vehicle operating expense

Travel = 390000 * 70% = 273000

pickup and delivery = 390000 * 5% = 19500

customer service = 390000 * 0% = 0

other = 390000 * 25% = 97500

Total = $390000

3) vehicle depreciation

Travel = 270000 * 60% = 162000

Pickup and delivery = 270000 * 15% = 40500

customer service = 270000 * 0% = 0

other = 270000 * 25% = 67500

Total = $270000

4) customer rep salaries and expenses

Travel = 300000 * 0 % = 0

pickup and delivery = 300000 * 0% =  0

customer service = 300000 * 90% = 270000

other = 300000 * 10% = 30000

Total = $300000

5) office expenses

travel = 160000 * 0% = 0

pickup and delivery = 160000 * 20% =  32000

customer service = 160000 * 30% = 48000

other = 160000 * 50% = $80000

Total = $160000

6) Administrative expenses

Travel = 460000 * 0% = 0

pickup and delivery = 460000 * 5% = 23000

customer service = 460000 * 60% = 276000

other = 460000 * 35% = 161000

total = $460000

4 0
3 years ago
g In May direct labor was 60% of conversion cost. If the manufacturing overhead for the month was $54,000 and the direct materia
8090 [49]

Answer:

Direct labor cost was:: $ 14,400

Explanation:

Total Manufacturing Costs=Direct Materials+Conversion Costs

Total Manufacturing Costs $ 54,000

Less Direct Materials  $ 30,000

Conversion Costs $ 24,000

Conversion Costs= Direct labor + Factory Overhead

Direct labor was 60% of conversion cost

Direct Labor = 60% Of $ 24,000=  (60/100)* 24,000= $ 14,400

Factory Overhead = $ 24,000 - $ 14,400= $ 9,600

Factory Over head =  40 % of Conversion Costs = 40 % 0f 24,000= $ 9,600

3 0
4 years ago
The institution charged with implementing monetary policy through managing the nation's money supply is the
Marrrta [24]

<span>The answer is the regional federal reserve banks. It is because they are given the function of implementing their responsibility day to day actions in means of overseeing the regional banks and in the same time, regulatory oversight is being done. They are also responsible with the monetary policy to be implemented.</span>

4 0
3 years ago
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