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2 years ago

What is the difference between a traditional savings account and an online savings account

1 answer:

Rudiy272 years ago

6 0

In traditional savings account, you can withdraw money whenever you need it without a financial penalty. In online savings account, link to traditional or online checking accounts and you enter your banks routing number and account number on the application. You can also transfer money between linked accounts with online savings. (hope this helps:)

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Franklin Construction entered into a fixed-price contract to build a freeway-connecting ramp for $54 million. Construction costs

lara31 [8.8K]

Answer:

$15 million

Explanation:

Franklin Construction

Construction costs incurred $54,000,000

Less total estimated costs ($44+$27) $69million

The anticipated loss $15 Million

Franklin will recognize anticipated gross loss of $15 million in the first year if it recognizes revenue over time according to percentage of completion method which is ($54 million contract price less total estimated costs of $69million)

7 0

2 years ago

Mcdale Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Product I49V

german

Answer:The break-even point for the entire company is closest to $69,625

Explanation:

Contribution margin =Sales-Variable costs

For Product I49V

Contribution margin=$45,000 - 13,300=$31,700

Product Z50U

Contribution margin=$50,000 - $28,500 =$21,500

Total Contribution margin of the two products =$31,700+$21,500=$53,200

Total sales of the two products =$45,000 + $50,000 =$95,000

Total Contribution margin ratio =Total Contribution margin / Total Sales

=$53,200 /$95,000 = 0.56

Therefore total breakeven point=Fixed costs/Contribution margin ratio

=$38,990/0.56

=$69,625

7 0

2 years ago

Good Housekeeping magazine places its "Seal of Approval" on all the products advertised in it. If any of the products are later

inysia [295]

Answer: Is one of the way for a medium to monitoring its advertisement.

Explanation:

According to the given question, the good housekeeping magazine is one of an organization that always seal its products which is advertised the given products.

This organization also claim that of the products are found defective then the money get refunded based on the cost of the goods.

Based on the given scenario, the carefully screening is one of the process in which we easily monitoring its given advertisement of the firm. The "Seal of Approval" is refers to the impression given by the company for the purpose of monitor the product advertisement.

Therefore, The given answer is correct.

5 0

2 years ago

A parcel delivery company delivered 103,225 packages last year, when its average employment was 85 drivers. This year the firm h

igor_vitrenko [27]

Answer:

0.48 %

Explanation:

Last year productivity: packages delivered / no. of drivers

=103,225/85

=1,214.41

This year productivity : packages delivered /. no. of drivers

=112,260/92

=1,220.22

change is productivity is : this year's productivity - last year's productivity

=1,220.22- 1,214.41

=5.81

percentage change =5.81/1214.41 x 100

=0.48 %

5 0

2 years ago

Zahn Industries uses process costing system. During October, the finishing department had 30,000 units in beginning work-in-proc

disa [49]

Answer:

The equivalent units of production for materials and conversion costs are 98,000 units each

Explanation:

For computing the equivalent units of production for materials and conversion costs first, we have to compute the units started and completed units which is shown below:

= Beginning work-in-process inventory units + transferred units - ending work-in-process inventory units

= 30,000 units + 95,000 units - 45,000 units

= 80,000 units

Now the equivalent units of production would be

For material costs:

= (Units started and completed units × completed percentage) + (ending inventory units × completed percentage)

= (80,000 units × 100%) + (45,000 units × 40%)

= 80,000 units + 18,000 units

= 98,000 units

For conversion costs:

= (Units started and completed units × completed percentage) + (ending inventory units × completed percentage)

= (80,000 units × 100%) + (45,000 units × 40%)

= 80,000 units + 18,000 units

= 98,000 units

5 0

2 years ago