A group of people or companies with a shared set of characteristics and needs or desires is called what?

Which of the following fees would likely be the highest?

nlexa [21]

The values for each of the fee depends primarily on which bank are the transactions being made. However, taking for example Bank X, the overdraft fee is $35. The account transfer fee is fairly lower with values from $4.95. Monthly service fee also ranges from $10 or higher. Lastly, for ATM fee the amount only ranges from $2.00.

The answer to this item is therefore the firs choice.

5 0

3 years ago

As time passes, fixed assets other than land lose their capacity to provide useful services. To account for this decrease in use

alexgriva [62]

Answer:

Depreciation

Explanation:

Depreciation is the systematic allocation of estimated cost to an asset. Methods include straight line, sum of the year digits, double declining etc. The entries for recognizing this cost are;

Debit depreciation expense

Credit Accumulated depreciation

Hence to account for this decrease in usefulness, the cost of fixed assets is systematically allocated to expense through a process called depreciation.

6 0

3 years ago

HELP ASAP PLZ!!!! Who would be most negatively affected if lower price limits were not in place? Explain your answer

trasher [3.6K]

The minimum wage payed employees would be the most negatively affected because if lower price limits weren’t there, the prices would drop drastically to win the customer’s purchase over other markets or businesses. The big bosses would be then forced to cut money out of their employees salary because of the low revenue in money.

I think that’s a great answer someone correct me if I’m wrong!

5 0

3 years ago

The following table shows the units of steel and personal computers a worker can produce per month in Germany and South Korea. U

ki77a [65]

Answer:

Option E

Explanation:

Absolute advantage means that with the same input one country is able to produce more goods and services as compared to the other.

As we can see, Germany is able to produce 40 tons of steel with the same inputs as that of South Korea.

In the same way, Germany is able to produce 10 personal computers with the same inputs as that of South Korea.

Hence, Germany has an absolute advantage in the production of both steel and PCs

Option E is correct

4 0

3 years ago

Shamrock Company had the following information available at the end of 2014.

mars1129 [50]

Answer and Explanation:

The preparation is presented below:

Shamrock Company

Statement of Cash Flows

For the Year Ended December 31, 2014

(Direct Method)

Cash flows from operating activities

Cash receipts:

Cash received from customers $1,153,660

Dividends received $2,500

Total cash receipts $1,156,160

Cash payments:

Cash paid to suppliers $762,690

Cash paid for operating expenses $225,230

Taxes paid $39,920

Interest paid $61,776

Total cash payments -$1,089,616

Net cash provided by operating activities $66,544

Cash flows from investing activities

Sale of short-term investments $14,080

Sale of land $55,590

Purchase of equipment -$124,570

Net cash used by investing activities -$54,900

Cash flows from financing activities

Proceeds from issuance of common stock $29,526

Principal payment on long-term debt -$9,580

Dividends paid -$23,890

Net cash used by financing activities -$3,944

Net increase in cash $7,700

Cash, January 1, 2014 $3,060

Cash, December 31, 2014 $10,760

Working notes

Sales Revenue $1,160,450

– Increase in Accounts Receivable $6,790

Cash received from customers $1,153,660

Cost of Goods Sold $748,980

+ Increase in Inventory $5,020

+ Decrease in Accounts Payable $8,690

Cash paid to suppliers $762,690

Operating Expenses $275,640

– Depreciation/Amortization Expense -$39,330

– Decrease in Prepaid Rent -$110,80

+ Increase in Prepaid Insurance $1,640

+ Increase in Office Supplies $520

– Increase in Wages Payable -$2,160

Cash paid for Operating Expenses $225,230

Income tax expense $40,350

Less:Increase in income taxes payable -$430

Taxes paid $39,920

Interest Expense $52,270

+ Decrease in Bond Premium $9,506

Interest paid $61,776

Reconciliation of Net Income to Net Cash Provided by Operating Activities:

Net income $58,420

Adjustments made to reconcile net income to net cash provided by operating activities:

Add: Depreciation expense $39,330

Add: Decrease in prepaid rent $110,80

Add: Increase in income taxes payable $430

Add: Increase in wages payable $2,160

Less: Increase in accounts receivable -$6,790

Less: Increase in inventory -$5,020

Less: Increase in prepaid insurance -$1,640

Less: Increase in office supplies -$520

Less: Decrease in accounts payable -$8,690

Less: Gain on sale of land -$8,320

Less: Gain on sale of short-term investments -$4,390

Less: Amortization of bond premium -$9,506

Total adjustments $8,124

Net cash provided by operating activities $66,544

8 0

3 years ago