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3 years ago

Which is an advantage to having an account at a consumer bank instead of a credit union

Business

2 answers:

arlik [135]3 years ago

8 0

Answer:

Credit unions

Explanation:

offer higher savings rates and lower interest rates on loans

Tamiku [17]3 years ago

5 0

Answer:Credit Unions

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Delta Distributors has accounts receivable of $2,750,000 and average daily credit sales of $118,280. The firm offers credit term

liq [111]

Answer:

The firm's accounts receivable period is 23.25 days

Explanation:

Accounts receivable period = 365 / Account receivable turnover ratio

When Account receivable turnover ratio = Net sales / Account receivables

Account receivable turnover ratio = 118,280 * 365 days/ 2,750,000

Account receivable turnover ratio = 15.698

Hence, Account receivable period = 365 / 15.698

Account receivable period = 23.25 days

3 0

3 years ago

Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 313 includes

OLEGan [10]

Answer:

the total manufacturing cost is $39,150

Explanation:

The computation of the total manufacturing cost assigned as follows:

Overhead costs is

= 115% of $10,100

= $11,615

Now the total manufacturing cost is

= Direct materials cost + Direct labor costs + Overhead costs

= $17,435 + $10,100 + $11,615

= $39,150

Hence, the total manufacturing cost is $39,150

3 0

3 years ago

Giant inc. is thinking about eliminating one of its unprofitable product lines. when conducting incremental analysis related to

AlexFokin [52]

When conducting incremental analysis related to the decision if it should eliminate one of its unprofitable product lines, Giant should assume a percentage of fixed costs associated with the discontinued product line will remain, where fixed costs <span>are the costs </span><span>that have to be paid by a company, independent of any business activity. They are not variable.</span>

5 0

3 years ago

Here I Sit Sofas has 7,500 shares of common stock outstanding at a price of $98 per share. There are 760 bonds that mature in 34

mojhsa [17]

Answer:

61.28%

Explanation:

Equity market value = Number of shares*price/share

Equity market value = 7,500 * $98

Equity market value = $735,000

Current debt value = Number of bonds*price/bond

Current debt value = 760*(1.105*2000)

Current debt value = $1,679,600

Preferred stock value = Number of shares*price/share

Preferred stock value = 6,400 * $51

Preferred stock value = $326,400

Total capital = Common equity value + Debt value + Preferred stock value

Total capital = $735,000 + $1,679,600 + $326,400

Total capital = $2,741,000

Weight of debt = Debt value / Total capital

Weight of debt = $1,679,600 / $2,741,000

Weight of debt = 0.6127690623859905

Weight of debt = 61.28%

7 0

3 years ago

What is known as the accounting equation?

Ksenya-84 [330]

Answer:

Also known as the balance sheet equation, the accounting equation formula is Assets = Liabilities + Equity. ... In other words, all uses of capital (assets) are equal to all sources of capital (debt: liabilities and equity).

7 0

3 years ago