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3 years ago

A nonsufficient-funds check was returned to your company. How does the bank treat this on your bank statement?

Business

1 answer:

Anit [1.1K]3 years ago

8 0

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

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During the current year, the Jules Company incurred the following product costs:Direct materials used in production $250,000Dire

ICE Princess25 [194]

Answer:

Option (D) is correct.

Explanation:

Given that,

Direct materials used in production = $250,000

Direct labor = $185,000

Manufacturing overhead = $245,500

Beginning Work in Process Inventory = $20,000

Ending Work in Process Inventory = $30,000

Cost of finished goods manufactured for the year:

= Direct materials used in production + Direct labor + Manufacturing overhead + Beginning Work in Process Inventory

= $250,000 + $185,000 + $245,500 + $20,000 - $30,000

= $670,500

5 0

3 years ago

Review your pre and post scores from "Where Are You Now." Did your scores improve? What activities did you complete that facilit

DIA [1.3K]

Answer:

what do you mean did our scores improve, if so, idk yet

3 0

2 years ago

In a study to investigate the effects of alcohol on reflexes, some students were given three bottles of beer and some were given

Hatshy [7]

Idk I’m so clueless what are the choices

3 0

2 years ago

The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour of the grounds and animals,

motikmotik

Answer:

The Oklahoma City Zoo

A. What is the B/C ratio?

The B/C ratio is the benefit/cost ratio.

B. What is the B-C?

The benefits = $63,000 (90,000 x $0.70) in the first year

Additional visits = 27,500 x 9 = 247,500

Additional benefits = $173,250 (247,500 x $0.70)

Total benefits = $236,250

The costs =

Initial cost = $305,000

Upkeep, etc = $800,000 ($80,000 x 10 years)

Less salvage value = $63,000

Interest cost = $213,500 (7% of $305,000 x 10 years)

Total costs = $1,255,500

B/C ratio = $236,250/1,255,500 x 100 = 19% approx.

Explanation:

The B/C or Benefit/Cost Ratio is a financial measure that compares the benefits of a project with the costs associated with the project. It attempts to show how the benefits will outweigh the costs.

The benefits that will accrue from the project when compared to the costs will be 19%. This implies that less benefit will be derived from the project.

7 0

2 years ago

A product that is very labor intensive assembled at Boyds Aero Structure in Memphis has an average labor cost of $20/hr.

Nuetrik [128]

Answer:

correct answer for learning curve percentage is A. 90%

Explanation:

given data

average labor cost = $20/hr

Time 1st unit = 10 hours

Time 4th unit = 8.1 hours

solution

we apply here formula for learning curve that is

Time (x) units = Time 1st unit × $x^{\frac{ln\ leaning\ rate }{ln\ 2}}$

time 4th unit = Hours 1st unit × $4^{\frac{ln\ leaning\ rate }{ln\ 2}}$

8.1 = 10 × $4^{\frac{ln\ leaning\ rate }{ln\ 2}}$

ln 0.81 = ${\frac{ln\ leaning\ rate }{ln\ 2}}$ × ln 4

solve it we get

learning rate = 90%

so correct answer is A. 90%

4 0

3 years ago