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3 years ago

What are the two types of checking account fees that banks charge?

Business

2 answers:

zzz [600]3 years ago

8 0

First, would be an Overdraft fee, and then, a minimal balance fee. i hope i helped :)

AnnyKZ [126]3 years ago

4 0

A maintenance fee and a service fee for every check written.

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When Acme Dynamite produces 250 units of output, its variable cost is $2,000, and its fixed cost is $500. It sells each unit of

DaniilM [7]

Answer:

The firm will continue to produce in the short run.

Explanation:

Given the number of units produced by Acme Dynamite = 250 units.

The variable cost of producing the 250 units = $2000

The fixed cost = $500

The selling price = $25 per unit.

The new price after the fall in price = $10

Total revenue from the selling of 250 units = 250 × 10 = $2500

Since the revenue received is covering the variable cost and fixed cost. Thus, the firm will produce or continue to produce in the short run.

7 0

3 years ago

Omar invested his savings in two investment funds. The $6000 that he invested in Fund A returned a 3% profit. The amount that he

photoshop1234 [79]

Answer:

Investment in fund b = $15,000

Explanation:

Let us assume funds invested in fund b = x while the sum total of funds invested in fund a & b = Y .ie Y = $6000 + x

Fund A returned $6000 * 3/100 = $180

Fund B returned = x & 10/100 = x/10

8%y(total returns) = funds a returns + fund b returns

8%y = $180 + (x/10)

let is replace y with 6000 + x

(6000 +x) * 8% = 180 + (x/10)

480+ 8x/100 = 180 + (x/10)

480 - 180 = (x/10) - (8x/100)

300 = (10x - 8x )/100

300 = 2x/100

300*100 = 2x

30,000 = 2x

x = 15, 000

6 0

3 years ago

Taking explicit account of a rival's expected response to a decision you are making is called:

IgorC [24]

The answer is strategic decision making. This is also referred as strategic planning in which a group of people or an individual engage into making or creating the goals or objectives that the organization would want to achieve or tackle in a way of providing altering strategies and to obtain the goal that they aim for.

7 0

3 years ago

Cox Electric makes electronic components and has estimated the following for a new design of one of its products:

vfiekz [6]

Answer:

a) attached below

b) P( profit ) = TR(q) - TC(q)

c) attached below

d) -$5000 ( loss )

Explanation:

Given data:

Fixed Cost = $10,000

Material cost per unit = $0.15

Labor cost per unit = $0.10

Revenue per unit = $0.65

a) Influence diagram to calculate profit

attached below

b) derive a mathematical model for calculating profit.

VC = variable cost per unit , LC = per unit labor cost , MC = per unit marginal cost, TC = Total cost of manufacturing , FC = Fixed cost, q = quantity, TR = Total revenue, R = revenue per unit

VC = LC + MC

TC (q) = FC + ( VC * q )

TR (q) = R * q

P( profit ) = TR(q) - TC(q) ------------ ( 1 )

c) attached below

d) If Cox Electrics makes 12,000 units of the new product

The resulting profit = -$5000

q = 12

P = TR ( q ) - TC ( q )

= ( R * q ) - ( Fc + ( Vc * q ) )

= ( 0.65 * 12000 ) - ( 10,000 + ( 0.25 * 12000 )

= -$5200

3 0

3 years ago

The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm. Purchased $80,000 of materials on accou

Airida [17]

Journal entry

1. Dr Material 80000

Cr Accounts payable 80000

(Purchase material on account)

2. Dr Work in process 4000

Cr Material 4000

(issue material)

3. Dr Material 56000

Cr Accounts payable 56000

( Purchase material on account)

4. Dr Accounts payable 80000

Cr Cash 80000

(Paid cash of material purchase)

5. Dr Work in process 68000

Cr Material 68000

( Issued material to production)

6. Dr Work in process 100000

Cr Wages payable 100000

(Direct labor incurred)

7. Dr Factory overhead 106000

Cr Cash 106000

( Paid cash on account of factory overhead)

8. Dr Work in process (100000*125%) 125000

Cr Applied factory overhead 125000

( To record applied factory overhead)

9. Dr Factory overhead 50000

Cr Accumulated depreciation 50000

( To record depreciation on plant and equipment)

T-account

Cash Material

Dr___________Cr__ __ DR ___________CR

148200 ---

---80000 80000 ---- 4000

---106000 56000 ---

-- 68000

Work in process Accounts payable

Dr____________Cr___ ___ DR ___________Cr

33000 ---

4000--- 80000 -- 80000

68000-- -- 56000

100000---

125000 ---

Wages payable Factory overhead

Dr ____________Cr__ __ Dr _____________Cr

--- 100000 106000 --

50000 --

Applied factory overhead Accumulated depreciation

Dr_____________Cr__ _ Dr ___________Cr_

--- 1250000 --- 50000

Finished goods Cost of goods sold

Dr_____________Cr__ _ Dr ___________Cr_

166000 --- --- 263400

--- 143200

Material end =?

Material (end) = 148200 +80000+56000-4000-68000=

Work in process (end) = ?

work in process = 148200+166000-143200 =171000

8 0

3 years ago