Answer:
B. IT'S SHOWN AS A DEBIT MEMO
Explanation:
A bank creates a debit memo when it charges a company a fee on its bank statement, thereby reducing the balance in the company's checking account. Thus, if a bank account has a balance of $1,000 and the bank charges a service fee of $50 with a debit memo, the account then has a remaining balance of $950. Examples of charges that can cause debit memorandums are bank service charges, bounced (not sufficient funds) check fees, charges for the printing of check stock, and rental fees for the use of remote deposit capture scanners and software
Answer:
b. Battery
Explanation:
Retired utility workers are suing their former employer for knowingly exposing them to asbestos without warning them of the health risks. The retired workers did not learn of the prolonged exposure until long after their retirement because the company engaged in a systematic cover up of the exposure. The retired workers' cause of action is for battery.
In Business law, battery can be defined as the act of intentionally causing physical harm to an individual or group of people through physical contacts.
Hence, in this case the employers knowingly or intentionally exposed the retired workers to asbestos without warning them of the health risks associated.
<em>Simply stated, a battery in criminal law is completed assault. </em>
Answer:
The weighted average unit cost of the inventory at January 31 is $496
Explanation:
Weighted Average unit cost the average cost of units on hand on each day. It is calculated by dividing total inventory value by total available units.
Date Unit Received / Sold On Hand Unit Cost Balance
1/1 Inventory 540 units at $2.80 540 $1,512 $1,512
1/8 Purchased 960 units at $2.3 1500 $2208 $3,720
1/12 Sold 1,300 at ($3,720/1500) 200 $3,224 $496
Answer:
a. 7.48%
Explanation:
Number of shares = $ 6,000 / $ 38.10
Number of shares = 157.48
Rate of return = [Number of shares * (Short term gans + Long term gains + ((1 - Front end load) * (Current offering price)) - Purchase price] / Purchase price
Rate of return = [157.48 * ($0.20 + $1.04 + ((1 - 0.05 ) * $41.80)) - $6,000] / $6,000
Rate of return = [157.48 * ($0.20 + $1.04 + (0.95 * $41.80)) - $6,000] / $6,000
Rate of return = [157.48 * ($1.24 + $39.71) - $6,000] / $6,000
Rate of return = $448.806 / $6,000
Rate of return = 0.074801
Rate of return = 7.48%
