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4 years ago

What type of account typically has very high liquidity, low or no interest, and low minimum balance?

1 answer:

4 0

Checking account fit the description above. Checking account gives the owner unrestricted access to his account but have no or low interest rate.<span />

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Do you really believe that having a written code of conduct will reduce fraud and other dishonest acts in an organization

kirza4 [7]

Explanation:

Yes, it is necessary to have a written code of conduct so that employees have an instrument that regulates and regularizes fraud situations in the company. The code of conduct is a necessary document so that employees can guide the ideal ethical behavior for a professional, as well as serving as a protection document for those who suffer an unethical act by third parties.

It is necessary, in addition to the written code of conduct, that behaviors be guided and valued when positive, starting with leaders, who must behave based on ethics and respect for employees. Through shared ethics, an organizational culture favorable to the development and motivation of employees is created.

4 0

3 years ago

Suppose you have drawn a consumer's budget line for food and clothing, with food on the x-axis. Which of the following events wo

riadik2000 [5.3K]

Answer: The correct answer is "a) Income increases.".

Explanation:

a) Income increases - An increase in income would cause more money to spend on food and clothing, so the budget line would be steeper.

b) Price of food increases , and c) Price of clothing increases. -An increase in both the price of food and clothing would cause (as long as Income remains the same) that less quantities of both goods can be acquired, because they would cost more, therefore they would make the budget line Minor.

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4 years ago

Budgeted sales are expected to be: January 200 Units February 300 Units March 400 Units April 300 Units May 400 Units Selling Pr

erik [133]

Answer:

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

Explanation:

Sales Budget shows a forecast of the future sales revenues expected by the Company.It is the first budget to be prepared from which all other companies budget are created.

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

Hint : Since there are no targets for beginning or closing inventories, then Sales are equal to production.

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

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3 years ago

The following data are available relating to the performance of Sooner Stock Fund and the market portfolio:

Oliga [24]

Answer:

2.6%

Explanation:

Jensen Measure is calculated using the below formula

Jensen Alpha = Rp - (Rf + beta*(Rm - Rf))

Where Rp = Return on portfolio = 20%, Rf = risk free rate = 3%, Beta = Beta of portfolio = 1.8 and Rm = Market return = 11%

Jensen Alpha = 20 - (3 + 1.8*(11-3))

Jensen Alpha = 20 - (3 + 1.8*8)

Jensen Alpha = 20 - (3 + 14.4)

Jensen Alpha = 20 - 17.4

Jensen Alpha = 2.6%

6 0

3 years ago

On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are avail

alexdok [17]

Answer: a. $120,000.

Explanation:

The inventory lost can be calculated by;

= Opening inventory + Purchases - Cost of Goods sold

Cost of goods sold = Sales - Markup on price

= 600,000 - (600,000 * 25/125)

= 600,000 - 120,000

= $480,000

Inventory lost = 100,000 + 500,000 - 480,000

= $120,000

6 0

3 years ago