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Andreas93 [3]
3 years ago
7

For electronically deposited funds, such as an employee's direct deposit, when must banks make those funds available to the empl

oyee?
Business
1 answer:
ipn [44]3 years ago
7 0
The banks make the funds available to the employees on THE PAY DAY.
Direct deposit is an electronic method, which is used to pay employees' salaries. It is a better alternative to issuing checks. Banks are mandated to deposit the net pay into the employees' accounts on the pay day, that is, on the day of the month when their salary is usually paid.
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Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic ini
skad [1K]

Answer:

$318,240

Explanation:

Calculation to determine How much will the company pay in separation costs if these exit interviews are implemented next year

First step is to calculate the Seperation cost per employee

Seperation cost per employee=$5,000+$100

Seperation cost per employee=$5,100

Now let calculate How much will the company pay in separation costs

Total cost =(624*10%)*$5,100

Total cost =62.4*$5,100

Total cost =$318,240

Note that the Total Employee of 624 was given in Complement

Therefore The amount that the company will pay in separation costs if these exit interviews are implemented next year is $318,240

7 0
3 years ago
Cyclical unemployment select one:
nordsb [41]
Closely associated with short-run ups and downs of economic
7 0
4 years ago
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2
Whitepunk [10]

Answer:

Predetermined manufacturing overhead rate= $1.2 per direct labor dollar

Explanation:

Giving the following information:

Company estimates total manufacturing overhead costs of $882,000 and, direct labor costs of $735,000

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 882,000/735,000

Predetermined manufacturing overhead rate= $1.2 per direct labor dollar

6 0
3 years ago
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an
nevsk [136]

Answer:

-0.0246 or -2.46%

Explanation:

The duration 't' of his investment is:

t= 2015-2008=7\ years

The future value ($10,668,500) of an initial investment ($12,700,500) at a rate 'r' for a period of 7 years is given by:

10,668,500=12,700,500*(1+r)^7\\1+r=\sqrt[7]{\frac{10,668,500}{12,700,500}}\\1+r=0.9754\\r=-0.0246=-2.46\%

His annual rate of return was -0.0246 or -2.46%.

*A negative rate of return means that money was lost in this investment

6 0
3 years ago
Marginal Utility is the satisfaction or usefulness obtained from acquiring one more unit of a product.
skad [1K]

<u>Answer:</u>

<em>True </em>

<em></em>

<u>Explanation:</u>

Marginal utility evaluates the additional fulfillment that a customer earns from consuming extra units of merchandise or administrations. The idea of marginal utility is utilized by market analysts to decide the number of items customers are eager to buy. Positive peripheral service happens when the utilization of an extra thing expands the free utility while minimizing negative utility happens when the use of an extra something diminishes the complete efficiency.

5 0
4 years ago
Read 2 more answers
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