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3 years ago

11

True or false created during the great depression, the federal deposit insurance program resulted in a large number of bank fail

ures.?

1 answer:

Ainat [17]3 years ago

7 0

False. This is not a true thing.

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Claire wanted to tell her employees about the seminar, but she put the flier in a stack of papers and forgot about it until afte

neonofarm [45]

Claire wanted to tell her employees about the seminar, but she put the flier in a stack of papers and forgot about it until after the deadline, so none of her employees were able to sign up for the seminar. What type of barrier has occurred in this situation?

The barrier to communication that occurred in this situation is sender barrier.

A communication barrier is anything that prevents someone from receiving and understanding messages including information, ideas and thoughts. Since Claire did not let her employees know about the seminar, they had no way to know that the seminar was going on and that they were able to attend. There was no information given from Claire, who was suppossed to be the sender of the information for her team.

6 0

3 years ago

On July 1, Crowe Co. pays $15,000 to Zubin Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending

Neko [114]

Answer:

a.

July 1, Year 1

Prepaid Insurance $15000 Dr

Cash $15000 Cr

Dec 31, Year 1

Insurance expense $2500 Dr

Prepaid Insurance $2500 Cr

b.

July 1, Year 1

Cash $15000 Dr

Unearned Service revenue $15000 Cr

Dec 31, Year 1

Unearned service revenue $2500 Dr

Service revenue $2500 Cr

Explanation:

a.

The company will record the cash going out of the business for prepaid insurance as credit and the asset account prepaid insurance as debit to record the prepayment of insurance for 3 years at the amount of $15000.

The insurance paid out is for 3 years. So, the per year insurance expense is,

Insurance expense per year = $15000 / 3 = $5000

The adjusting entry made on 31 december will record the insurance months consumed (6 months) as an expense and debit the insurance expense and credit the prepaid insurance asset account.

The insurance expense for 6 months = 5000 * 6/12 = $2500

b.

For the receiving company, the cash is being received and as the service will be provided later on, the cash received will be debited and the unearned service revenue will be credited.

As six months worth of cover has passed, on 31 December, the company will record service revenue for 6 months that is $2500 and debit the liability recorded under unearned service revenue.

4 0

3 years ago

A law firm billed a client $1,800 for entries will the firm make to record this transaction? work performed in the current month

Anika [276]

Answer:

E) Debit Accounts Receivable, $1,800; credit Legal Fees Revenue, $1,800

Explanation:

The Journal Entry is as follows :-

Accounts Receivable Dr, $1,800

To Legal fees revenues $1,800

(Being the billing is recorded)

Therefore for passing the journal entry, we debited the Accounts Receivable $1,800 with the credited Legal fees revenues $1,800 so that the proper posting can be done.

7 0

3 years ago

Wyd at yall skool oooooooooooooooooooooooooooooooh nvm

charle [14.2K]

Answer:

I procastinate to do my work that was due 4 days ago

8 0

3 years ago

(c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mar

AysviL [449]

Answer:

Customer and Product Margin under Activity-based Costing and Traditional Costing

True Statements:

1. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.

2. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected.

Explanation:

Customer Margin is the difference between the total revenue generated from a customer minus the acquisition and service costs. In the above instance, the customer margin decreases because of the costs of servicing the customer's frequent orders. Customer service costs are usually higher with more frequent orders, when activity-based costing is employed because frequent orders increase the activity level and the associated costs.

Product Margin is the profit margin generated per product. It is the markup on the cost of the product. It shows the difference in amount between the selling price and the manufacturing cost. Frequent orders cannot change the product margin under the traditional costing technique unlike it does with the activity-based costing technique.

6 0

3 years ago