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Andrej [43]
3 years ago
12

Which of the following would NOT be an operations function in a commercial bank? Group of answer choices

Business
2 answers:
UkoKoshka [18]3 years ago
7 0
Number 4 maintenance
lawyer [7]3 years ago
4 0
4.maintenance I think
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Gaur sells Jensen equipment under an arrangement whereby Gaur delivers the equipment on January 1, 2021 and receives payment on
S_A_V [24]

Answer:

B. Credit to sales revenue

Explanation:

As per revenue recognition principle, revenue should be recognized when it is earned and not when cash is received.

As per accrual basis of accounting, revenue is to be recognized when the ownership of the goods has been passed by the seller to the buyer and there is reasonable assurance that payment would be received.

When a sale is effected and goods are delivered with reasonable certainty that payment would be received, following journal entry is recorded:

Accounts Receivable A/C                                Dr.

     To Sales Revenue

(Being equipment sold recorded)

5 0
3 years ago
Hoover Inc. has current assets of $350,000 and fixed plant assets of $650,000. Current liabilities are $100,000 and long-term li
frozen [14]

Answer:

$53.00

Explanation:

The computation of book value is shown below:-

But before that we need to determine the net asset which is

Net asset = Total asset - Total liabiliites

= ($350,000 + $650,000) - ($100,000 - $250,000)

= $1,000,000 - $350,000

= $650,000

Now

Value per share= (Net asset - preference share) ÷ number of common stocks

= ($650,000 - $120,000 ) ÷ 10,000 shares

= $530,000 ÷  10,000

= $53 per share

8 0
3 years ago
Nascar redirected its marketing efforts when a survey indicated that almost 50 percent of its fans were female. this is an examp
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This would not be psychographic segmentation, as segmenting by gender would be demographic
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3 years ago
The approach used when overhead is applied to jobs by multiplying a predetermined overhead rate by the actual amount of the allo
Sati [7]

A method of costing whereby overhead costs are allocated to a job by multiplying the actual cost of the allocation base incurred by the job by a specified overhead rate is known as Normal Costing.

<h3>What is predetermined overhead rate?</h3>

An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods.

Predetermined overhead is frequently calculated at the start of each reporting period by dividing the anticipated manufacturing overhead expenses by an allocation base.

The allocation base refers to the time taken to perform an activity such as the machine hours, direct labor hours etc.

Normal Costing also known as the product costing method in which the several cost such as the direct cost, material cost, manufacturing overhead cost as well as the work in progress is added.

Learn more about Predetermined overhead here:

brainly.com/question/15059078

#SPJ1

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2 years ago
20. Which one of the following statements about national income is correct?
kicyunya [14]

Answer:

national income is the income received by households less personal taxes,,

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3 years ago
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