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3 years ago

Under the Electronic Fund Transfer Act, which two banking practices are part of the consumer's responsibility?

Business

2 answers:

MA_775_DIABLO [31]3 years ago

7 0

Knowing rights and responsibilities relating to money transfers. Notifying the bank of lost credit or debit cards.

MakcuM [25]3 years ago

4 0

Answer:

Consumer is responsible for correct receiver data, name, account nbr, financial institutional name. Also is responsible for paying some financial operation tax for this transaction and eventually agreeing with the institutional terms and conditions of the transaction.

Explanation:

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During the year, Belyk Paving Co. had sales of $2,560,000. Cost of goods sold, administrative and selling expenses, and deprecia

scoundrel [369]

Answer:

Net income -$268,000

Operating Cash Flow $511,000

Explanation:

A. Calculation for the Net income

INCOME STATEMENT

Sales $2,560,000

Cost of goods sold $1,364,000

Other expenses $685,000

Depreciation $477,000

EBIT $34,000

Interest $302,000

Taxable income -$ 268,000

($34,000-$302,000)

Taxes (24%) 0

Net income -$268,000

CALCULATION FOR EBIT

Sales $2,560,000

LESS:Cost of goods sold ($1,364,000)

Other expenses ($685,000)

Depreciation ($477,000)

EBIT $34,000

Based on the information given we were told that we should ignore any tax loss which was why Taxes (24%) was $0

The taxes are zero since we are ignoring any carryback or carryforward provisions.

Therefore NET INCOME is -$268,000

B. Calculation for operating cash flow

Using this formula

Operating Cash Flow = EBIT + Depreciation - Taxes

Let plug in the formula

Operating Cash Flow= $34,000 + $477,000 - 0

Operating Cash Flow = $511,000

Therefore Operating Cash Flow is $511,000

3 0

3 years ago

To combine a range of cells into one large cell, you should highlight the cells and choose

Fittoniya [83]

1: A-merge
2: B- possible misspelled word
3: A- spark line
4: B
5: C- moves down one cell

6 0

3 years ago

What value of a measurement must be available if the accuracy of a measurement is to be determined?

Agata [3.3K]

The answer is the correct value
<span>To evaluate the accuracy of a measurement, the measured value must be compared to the correct value and you must compare the values of two or more repeated measurements
By doing this, you will have a set of standard to follow to make sure that the result of your research still placed within the scope of standards that accepted by experts in your field, which reduce the likelihood of your result to be considered as invalid.</span>

6 0

3 years ago

Replace present refrigerators with similar refrigerators at a cost of $20 x 106. Option 2. Replace present refrigerators with la

mrs_skeptik [129]

Answer:No, Lake source cooling is not economically advantageous.

Explanation:

The cost of the lake source cooling is S30 greater than the cost of the refrigerator.

Though the lakes source option will bring additional income of S2400 for ten years this will only reduce it's cost to S2900 and this is still higher than the total cost of the refrigerator option of S2,120.

The straight line depreciation option on both options will not change this decision since it will have the same effect on both options.

7 0

3 years ago

LO 4.4How is the predetermined overhead rate applied?

soldier1979 [14.2K]

Answer:

Please see explanation.

Explanation:

Once the factory overhead rate is determined using the estimated amount of factory overhead and estimated base, it is used to charge overhead cost to the jobs, products or work performed.

Since, not all overhead costs are known at the time of making the product, (such as electricity bill is received after the month end) therefore, the estimated rate is used to apply the overhead cost to the job or product using actual activity level. This is called absorption or application of overheads to the products / jobs.

Due to this, at each period end, the management calculates and compares the actual overhead cost with the applied overhead cost and determine the over or under applied overheads.

4 0

3 years ago