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Rashid [163]
4 years ago
5

A major bank has an application where customers can see their balances in their checking accounts, the positions in their broker

age accounts, and the mortgage loan balances. This would be an example of the following type of web attractor:_______-a. The club b. The gift shop c. The freeway intersection or portal d. The customer service center
Business
1 answer:
Leokris [45]4 years ago
5 0

Answer:

The correct answer is letter "D": The customer service center.

Explanation:

The customer service center is a web attractor that allows customers to self-assist in basic operations or by accessing basic data of their own. Balances, statements, payment history, and recent transactions are among the information consumers can access to in a blink of an eye thanks to this online data feed. In case a piece of information is unclear, this feed usually has direct access to reach a customer service representative for an explanation.

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Prepare the adjusting entry to record bad debts under each separate assumption. Bad debts are estimated to be 1.5% of credit sal
VARVARA [1.3K]

Answer:

A. Dr Bad debts expense 85,230

Cr Allowance for Doubtful accounts 85,230

B. Dr Bad debts expense 75,870

Cr Allowance for Doubtful accounts 75,870

C.,Dr Bad debts expense 80,085

Cr Allowance for Doubtful accounts 80,085

Explanation:

Preparation of the adjusting entry to record bad debts under each separate assumption

A. Dr Bad debts expense 85,230

Cr Allowance for Doubtful accounts 85,230

(5,682,000*1.5%)

B. Dr Bad debts expense 75,870

Cr Allowance for Doubtful accounts 75,870

[(1,905,000+5,682,000)*1%]

C.Dr Bad debts expense 80,085

Cr Allowance for Doubtful accounts 80,085

[(1,270,100*5%)+16,580]

8 0
3 years ago
Turnbull Co. is considering a project that requires an initial investment of $1,708,000. The firm will raise the $1,708,000 in c
Anna35 [415]

Answer:

11.06%

Explanation:

Calculation to determine What will be the WACC for this project

First step is to calculate the Weight of Debt

Weight of Debt = $750,000 / $1,708,000

Weight of Debt = 0.4391

Second step is to calculate the Weight of Preferred Stock

Weight of Preferred Stock = $78,000 / $1,708,000

Weight of Preferred Stock = 0.0457

Third step is to calculate the Weight of Equity

Weight of Equity = $880,000 / $1,708,000

Weight of Equity = 0.5152

Fourth step is to calculate After Tax Cost of Debt

After Tax Cost of Debt = 11.1% * (1 – 0.40)

After Tax Cost of Debt = 6.66%

Now let calculate WACC using this formula

WACC = (Weight of Debt * After Tax Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Equity * Cost of Equity)

Let plug in the formula

WACC = (0.4391 * 0.0666) + (0.0457 * 0.1220) + (0.5152 * 0.1470)

WACC = 0.02924406+0.0055754+0.0757344

WACC =0.1106*100

WACC =11.06%

5 0
3 years ago
Flint Suppliers reported cost of goods sold for 2017 of $880,000 and retained earnings of $1,230,000 at December 31, 2017. Flint
Sonbull [250]

Answer:

corrected amounts  cost of goods sold = $916500

corrected amounts Retained Earnings = $1159000

Explanation:

given data

cost of goods sold = $880,000

retained earnings = $1,230,000

ending inventories 2016 = $34,500

ending inventories 2017  = $71,000

to find out

corrected amounts  cost of goods sold and retained earnings

solution

we get here first corrected amounts for 2017 cost of goods sold  will be here as

corrected amounts  cost of goods sold = cost of goods sold - ending inventories 2016 + ending inventories 2017   .........1

corrected amounts  cost of goods sold = $880,000 - $34,500 + $71,000

corrected amounts  cost of goods sold = $916500

and now we get corrected amounts Retained Earnings that will be as

corrected amounts Retained Earnings = retained earnings - ending inventories 2017

corrected amounts Retained Earnings = $1,230,000 - $71,000

corrected amounts Retained Earnings = $1159000

8 0
3 years ago
You put $300 into a savings account with an interest rate of 8% which earns $144.00 over a period of
bogdanovich [222]
It will take a total of 6 years
6 0
3 years ago
What type of market entry strategy do you recommend for Burger Time?
morpeh [17]

Answer: Franchise

Explanation:

Franchise could be defined as when new or intending growing businesses use the name of bigger or renowned business names, brands to run their own business. This helps for popularity sake, and making the goods of the smaller business to be marketable through the awareness that has been built in the trust that people have known the big firm for. Most new firms looking to break a competitive market aim at doing this.

6 0
4 years ago
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