Answer:
Bank of America (NYSE:BAC) has had its fair share of missteps over the past decade, but it's also had successes. Topping the list for the latter is the progress it's made in mobile banking, which has enabled the bank to slash operating expenses in its consumer banking segment.
You can get a sense for Bank of America's success in this regard by looking at the number of people who use its mobile application. In the most recent quarter, the bank boasted 19.6 million active mobile users. That's five times the number it had in 2009. To put this in perspective, Bank of America has 60 million total clients within 45 million households.
The impact on Bank of America's transaction mix has been dramatic. Mobile check deposits are up by a factor of 10 since 2012, and now account for 16% of all deposit transactions at the North Carolina-based bank. If you also factor in ATM transactions, two-thirds of Bank of America's deposit transactions are now automated. That compares to only 35% in 2009.
Explanation:
Answer: $38,410,000
Explanation:
When recording investments in fixed assets, it is best to use the market value at the time.
The market value of the land will therefore be the relevant cost here.
Initial investment in fixed assets = Market value of land + Cost to build plant + Cost of grading
= 7,700,000 + 29,300,000 + 1,410,000
= $38,410,000
Answer:
The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units is closest to $11.40
Explanation:
It is important to note that the question requires The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units
From Production of 10500 units to 10501 units, there is an increment of 1 unit.
<u>Lets find the incremental cost of 1 unit.</u>
1.To do this we only consider variable manufacturing costs only.
2.Since increase is within the relevant range, the fixed manufacturing overheads do not change.
3.Also Ignore all non- manufacturing overhead as they do not form part of manufacturing costs.
Extra 1 Unit
Direct materials $6.70
Direct labor $3.50
Variable manufacturing overhead $1.20
Total Cost $11.40
Answer:
Explanation:
1. Summary of Toronto Propane Explosion
The Toronto propane explosion (also known as the Sunrise Propane incident) was a series of explosions and ensuing fire that took place on the morning of August 10, 2008, in Downsview, North York, Toronto, Ontario, Canada.The explosions occurred at the Sunrise Propane Industrial Gases propane facility, located near Keele Street and Wilson Avenue . The blasts caused thousands of people to be evacuated from their homes and cost C$1.8 million to clean up, half of which was paid by the province of Ontario. An employee of Sunrise died in the initial explosions and a firefighter died of cardiac arrest the next day while at the scene.
2. Why did the TSSA become the "culprit" here
They are culprit because they failed to protect the civilian by ensuring public safety—it’s the cornerstone that TSSA is built on. And while owners, contractors and residence play their parts in helping keep everyone safe, it’s TSSA who enforces, inspects and advocates for the public.
3. Why did the TSSA become the target of the media and public opinion?
TSSA did not make a Moves to Improve Safety in Ontario explosion which claims a lot of damages.
4. What would you advise the minister to do?
The minister should establish a law to revoke any company that violate its obligation liscense
The answer would be TRUE because that is the definition, meaning, and purpose of the whole allowance method process since it goes to uncollectible accounts as a process.
