Property taxes on the factory building is an example of a committed fixed cost at Bennett, Inc.
<h3>What are committed fixed cost?</h3>
The costs necessary to maintain current production capacity are referred to as committed fixed costs or capacity costs. These expenses result from top managers' long-term choices regarding the scope and makeup of their firm.
committed fixed costs are essential for the efficient functioning of a business, and their absence may disrupt such operations, which could have a real effect on the organization.
For businesses, property taxes are a fixed expense. The taxes normally don't vary and are only adjusted for improvements in the value of the related asset or facility. However, property taxes typically remain constant from year to year.
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The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.
<h3>What is
Doubtful Accounts?</h3>
It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."
The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.
Thus, option B is correct.
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The blood alcohol level goes down after the body begins to eliminate alcohol from the system, a very slow process that does not occur at the same pace for everyone. Correct answer: D Alcohol is rapidly transported throughout the entire body through the blood and impacts so many different body systems. Most alcohol that enters the body eventually ends up in the liver, where the vast majority of alcohol metabolism takes place and it is eliminated after certain time.
Answer:
$300,000
Explanation:
Data provided in the question;
Interest rate spread of the bank = 150 basis points
Earning assets funded by interest-bearing liabilities = $30 million
Now,
The new interest rate spread = 150 basis points - 50 basis points
or
The new interest rate spread = 100 bps
or
The new interest rate spread = 1%
Therefore,
the bank's new pretax net interest income will be
= $30 million × 1%
= $30,000,000 × 0.01
= $300,000
