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3 years ago

Which of the following statements about FDIC-insured accounts is correct?

2 answers:

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<span>FDIC insures deposits up to $250,000 per person per bankAll credit unions and retail banks provide FDIC-insured accounts,Both A & B <span>Neither A nor B</span></span>

ExtremeBDS [4]3 years ago

7 0

I believe the answer would be FDIC insures deposits up to $ 250,000 per person in bank.

The great number of deposits were made by the 1933 Banking Act by the government to restore more trust in the American banking system as it was damaged after the Great Depression.

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Cruella Inc. owns 85% of Horace Co. During 20X9, Cruella sells goods to Horace with a 25% gross profit. Horace sold all of these

vovangra [49]

Answer:

Option A is the correct answer,no adjustment is needed.

Explanation:

When related companies sell to each other,the sales transaction is not sales in actual sense,as it is likened to the left hand of an individual exchanging cash with the right hand,in other words, the cash is still owned by the same person.

The same concept is applicable to subsidiaries and parent,the sales recorded from a group perspective is when they sold to external third parties.

When sales happen between related companies, a provision for unrealized profits has to be made to the tune of inventory purchased from related companies not yet sold externally,as the whole of the goods have been to third parties, no such provision or adjustment is required.

4 0

3 years ago

Read 2 more answers

Minor violations may be granted upwards of _______ days for correction.

Radda [10]

Minor violations that are committed by people could just provide 10-20 days in the correction. However, heinous crimes like murder or homicide or ra pe could lead to reclusion Perpetua or lifetime imprisonment to the guilty or much worse, it could lead to the death penalty which was adopted by some states.

7 0

2 years ago

Read 2 more answers

Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost aver

marshall27 [118]

Answer:

The question is missing the below options:

$0.

$150.

$300.

$900.

$1,200.

The answer to the question is $300

Explanation:

In determining the amount of non-value adding cost,Flagler number of hours used in setup process is compared to that of its competitor.As a result of comparison, it came to light that Flagler used two more hours in setup process.

The extra hours do not necessarily make Flagler better,instead it makes worse off, as extra $300(2hrs*$150) would have to be incurred without any benefits derived.

This extra costs that do not make the organization better off and do not add value,so it the non-value adding costs.

(8hrs-6hrs)*$150=$300

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2 years ago

You are negotiating a new labor contract with union officials. The contract covers a plant that has experienced operating losses

Maslowich

Answer:

Is bluffing ethical? Under what circumstances?

Bluffing is basically lying, and lying is wrong. But on some circumstances, specially when you are carrying out a game strategy (and want to win), then bluffing might not be so bad.

Personally, I believe that bluffing is not unethical when you are negotiating with unions. I have nothing against unions, but their duty is to get the highest possible salary and benefits for their members. On the other hand, the company must balance the interests of its employees, the community and its shareholders. Union delegates always make very high initial demands, the company offers a very low increase or raise, and then after negotiating you get to a middle point. So bluffing could be just a strategy in order to negotiate some concessions, e.g. no pay raise until the company starts making a profit again.

What would Kant and Mill say?

Kant believed that the morality of someone's actions should be judged based on their duty. Since it is your duty to try to get some labor concessions, then bluffing is not unethical.

Mill believed that the morality of someone's actions should be judged based on the results, or how much good or happiness results from them. In this case, I suppose that more people would be unhappy than happy if you actually get some labor concessions, so bluffing would be unethical.

What would be the result under the Front Page test?

The front page test basically wants you to look at the events from the point of view of a third party that is not involved in the actions. If you could read this on the front page of a newspaper and it happened to someone else, would it be ethical or unethical? Since I believe that bluffing is a valid game strategy, then if I read this on a newspaper I would be OK with it.

7 0

2 years ago

TRANSACTIONSGave a cash refund of $750 to a customer because of a lost package.Sent a check for $1,050 to the utility company to

victus00 [196]

Answer:

Journal entries

Service Revenue Debit $ 750

Cash Credit $ 750

To record refund to customer for lost package

Utility Expenses Debit $ 1,050

Cash Credit $ 1,050

To record payment of utility company bill in cash

Accounts Receivable Debit $ 7,800

Service Revenue Credit $ 7,800

To record receivables for services provided on credit

Equipment Debit $ 4,600

Cash Credit $ 4,600

To record purchase of equipment for cash

Accounts payable Debit $ 3.500

Cash Credit $ 3,500

To record payment to creditors

Cash Debit $ 15,250

Service revenue Credit $ 15,250

To record services provided on cash

Cash Debit $ 6,250

Accounts receivables Credit $ 6,250

To record collections from customers

Cash Debit $ 25,000

Capita account Owner Credit $ 25,000

To record capital contribution from owner

Supplies Debit $ 3,250

Accounts payable Credit $ 3,250

To record purchase of supplies on credit

Rent expense Debit $ 3,750

Cash Credit $ 3,750

To record payment of monthly rent

Explanation:

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3 years ago