The correct statement is that the normal price of the online TV service is $8.95 if the Greenbaum family spends $11.85 over the bill paid each month. So, the correct option is C.
The computation of the normal price can be calculated with the use of given information regarding the credit price monthly and adding such amount by dividing the quarterly spends by 3.
<h3>Computation of monthly payment. </h3>
- The calculation of the TV service cost for each month can be calculated by applying the given information. If the cost of 3 months was $11.85, then one month cost will be,
- But we know that there is a credit of $5 on each month's bill, and therefore the monthly normal price will be calculated as,
Hence, the correct option is C that the normal cost of the online TV service with a credit of $5 each month will be at a monthly payment of $8.95
Learn more about <u>Monthly Payment</u>s here:
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Eugene should not be upset because HIS PROPERTY VALUE HAS INCREASE. Sale tax refers to the consumption tax imposed by the government on the sales of goods and services at the point of sale. An increase in sale tax will automatically increase the value of the land and the house that Eugene has in that area. If he sells the land later or rent out the house, he will make more money from the sale.
Answer:
Manufacturing overhead volume variance= $5,000 favorable
Explanation:
Giving the following information:
Estimated overhead allocation rate= 4 + 6= $10 per direct labor hour
Actual number of hours= 31,500
Standard hours were allowed= 32,000
<u>To calculate the overhead volume variance, we need to use the following formula:</u>
<u></u>
Manufacturing overhead volume variance= (Estimated manufacturing overhead rate*<u>standard</u> allocation base) - (Estimated manufacturing overhead rate* Actual amount of allocation base)
Manufacturing overhead volume variance= (10*32,000) - (10*31,500)
Manufacturing overhead volume variance= $5,000 favorable
Answer:
$59,900
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
The movement in the dividend payable account may be expressed mathematically as
Opening balance + Dividend declared - Dividend paid = Closing balance
$14,200 + $63,000 - Dividend paid = $17,300
Dividend paid
= $14,200 + $63,000 - $17,300
= $59,900
Answer:
Commercial bank
Explanation:
A commercial bank accepts cash deposits from the general public and lends a portion of the money as loans to make profits. Commercial banks make profits by charging a high-interest rate on credit issued than the interest rate they offer on deposits. By accepting deposits and lending to other customers, commercial banks act as intermediaries between suppliers and users of credit.
Commercials are profit-making institutions. Although their primary function revolves around accepting deposits and issuing out loans, they also perform other duties such as;
- Discounting bills of exchange
- Overdraft facility
- Agency functions, including payment functions and insurance of letters of credit and checks.
- General utility services including foreign exchange transactions, underwriting securities, and safe deposits.