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4 years ago

A bank statement:

Business

1 answer:

eimsori [14]4 years ago

6 0

Answer:

4. shows the activities that increased or decreased the depositor's account balance.

Explanation:

A bank statement is a document that the bank sends to its customers in which there is a record of all the transactions that have been made in the account with the specific amounts deposited or withdrawn in a specific period of time. According to this, the answer is that a bank statement shows the activities that increased or decreased the depositor's account balance.

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Suppose the governments of two different economies, economy A and economy B, implement a permanent tax cut of the same size. Inv

timama [110]

Available Options Are:

a) higher sensitivity to changes in the interest rate, or

b) lower sensitivity to changes in the interest rate

Answer:

Option A. Higher sensitivity to changes in the interest rate

Explanation:

The reason is that the tax cut will encourage foreign investment and this increase in Foreign Investment will increase the GDP but by small amount. However, the higher interest rate in an economy always raises additional money in an economy which companies invest to purchase the new GDP. Thus the GDP growth is highly sensitive to changes in interest rate.

8 0

3 years ago

Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees’ wages and b

liraira [26]

Answer:

Explanation:

Total cost of repairs:

Material = 3,500

Material loading charge = 3,500 * 65% = 2,275

Labor (45hrs* $47per hr) = 2,115

Thus, total cost =(3500 + 2275 + 2115) = $7,890

4 0

3 years ago

Fusaro Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year.

andrew-mc [135]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Fusaro Corporation uses a predetermined overhead rate base on machine-hours.

Estimated total fixed manufacturing overhead= $684,000

Estimated activity level= 40,000 machine-hours

Actual activity level 37,700 machine-hours

First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 684,000/40,000= $17.1 per machine hour

Now, we can allocate the manufacturing overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 17.1* 37,700= $644,670

5 0

3 years ago

In the current year, Borden Corporation had sales of $2,190,000 and cost of goods sold of $1,295,000. Borden expects returns in

NNADVOKAT [17]

Answer:

The entries are as follows

To record estimated returns on Sales

Debit: Sales Refund Payable Account $131,400

Credit: Accounts Receivables $131,400

To record estimated Cost of Sales returns

Debit: Inventory Returns Estimated Account $77,700

Credit: Inventory on Sales on Returns $77,700

Explanation:

To derive the figure for Sales Refund payable for the year

6% of $2,190,000

= $\frac{6}{100} * 2,190,000$ = $131,400

To derive the figure for Inventory cost on Sales Refund payable for the year

6% of $1,295,000

= $\frac{6}{100} * 1,295,000$ = $77,700

3 0

3 years ago

Before entering a passing lane, be sure to check for good _____________________ to ensure that you will not lose control of your

zhannawk [14.2K]

Before entering a passing lane, be sure to check for good Road Traction <span>to ensure that you will not lose control of your vehicle during the passing maneuver. You can check a good traction by trying to hit the brake earlier in the road and see how fast it accelerates down.</span>

7 0

4 years ago

Read 2 more answers