The benefit the check writer to retain the funds until the actual withdrawal is float.
What is float?
The float is the time lag between the check being written and when the funds that need to be paid are eventually transferred from the check writer's account to the beneficiary's account.
Compared to cash or instant payment, where the cash is given to the beneficiary on the spot, the check writer has an added advantage by being allowed time to make use of the funds in the account or being able to fund his account whose balance is currently insufficient before the date written on the check when it would be presented for value.
Delayed funding means the account needs to be funded at the time of issuing the check especially if the date of value is a future date, which means it is just one of the characteristics of float.
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Answer: $758
Explanation:
When using the LIFO ( Last in First Out) method of valuing stock, you sell the stock that came in most recently first then you sell the stock that came the least recently last.
Sold 10 units in November 4 with the most recent inventory being 24 units at $23.
The 10 units therefore cost $23 each.
Sold 24 units on November 17 with the most recent inventory being 29 units purchased at $22 on the 10th of November.
This will therefore be valued at $22 each.
The Cost of Merchandise for the month is therefore,
= (10 * $23) + (24 * 22)
= 230 + 528
= $758
Answer:
The total dollar amount of ending inventory would be budgeted for April is $702,00
Explanation:
The computation of the total dollar amount of ending inventory is shown below:
= May sales in units × given percentage × buying price
= 5,200 units × 15% × $90
= $70,200
Since, in the question, it is given that the ending inventory units shall be computed by considering the 15% of next month sales. So, we do the same thing. We ignore selling price.
I guess the correct answer is fulfillment management process
When a customer places an order at BookBox.com, the company processes the customer's payment information, sends the order to the nearest warehouse, and ships the order via FedEx. This is best described as the fulfillment management process.
Answer:
the expected return is 54.50%
Explanation:
The computation of expected return is shown below:
= Probability × weightage
= 60% × 100% + 30% × 15% + 10% × -100%
= 60% + 4.5% - 10%
= 54.50%
hence, the expected return is 54.50%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
