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Juliette [100K]
4 years ago
14

Checking accounts at a local bank carry an average balance of $3,000. The bank turns over its balance 6 times a year.

Business
1 answer:
SIZIF [17.4K]4 years ago
5 0

Answer:

$1500

Explanation:

The average cash is $3000 which is turned over 6 six times a year.

In other words average cash that flowed through the bank on monthly basis is computed thus:

average monthly cash=(average cash *rate of cash turnover)/12months

                                      =($3000*6)/12months

                                       =$1,500.00

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A furniture store is selling five different couches for $500, $450, $1,800, $450, and $575. Use the mean, median, and mode of th
r-ruslan [8.4K]

Answer:

Mean = $755

Median = $500

Mode = $450

Explanation:

<u>Mean</u>

Mean = (500+450+1,800+450+575) / 5 = 755

So Mean is 755

<u>Median</u>

450, 450, 500, 575, 1,800

The middle value of the series is 500 because even number of items in data set. So median is 500.

<u>Mode</u>

450, 450, 500, 575, 1,800

Most frequent value is 450, so Mode is 450

7 0
3 years ago
If you were a physician advising a woman whether she should become pregnant, what advice would you give her if she was 15, 20, 3
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5 0
3 years ago
Eric is adding three more slides to his PowerPoint presentation. He knows he wants one of them to have only a large text box, th
Elenna [48]
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3 years ago
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Vesting refers to the right of the holder of an insurance policy to collect for an insurable event. the shielding of returns on
Feliz [49]

Answer:

the length of service required of an employee before he or she is eligible for a pension.

Explanation:

In business, vesting represents the process by which an employee starts to collect the money his employer (and himself) contributed to a pension plan or similar benefit plan.

The vesting date is the date when the employee starts to receive the benefits from a pension plan or similar benefit plan.

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3 years ago
taylor company had beginning inventory of $400 and ending inventory of $600. taylor company had cost of goods sold amounting to
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Taylor's amount of inventory that was purchased during the period was closing inventory - opening inventory $600 - $ 400 = $200 + COGS ($1800) = $2000.

When calculating average inventory, opening inventory—the value of goods carried over from the prior accounting period—is taken into account. It aids in calculating cost of products sold. The stock's value at the end of the accounting period is known as closing inventory, often referred to as ending inventory.

The cost of inventory encompasses all charges incurred by a company to bring the stock to its present location and state, including purchases, conversions, services, and other costs.  Non-refundable taxes, shipping, trade discounts, and other direct and indirect costs associated with buying the item are all included in the purchase price. It excludes costs associated with selling and distributing.

Learn more about inventory here:

brainly.com/question/22383398

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