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3 years ago

An occupation as a Loan Officer would be in which career pathway of Finance?

1 answer:

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Most loan officers need a bachelor’s degree and receive on-the-job training. Mortgage loan officers must be licensed. Loan officers typically need a bachelor’s degree, usually in a field such as business or finance. Because commercial loan officers analyze the finances of businesses applying for credit, they need to understand general business accounting, including how to read financial statements.

Some loan officers may be able to enter the occupation without a bachelor’s degree if they have related work experience, such as experience in sales, customer service, or banking.

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One recurring problem in supply chain management is when information about the demand for a product gets distorted as it passes

vfiekz [6]

Answer: Bullwhip Effect

Explanation:

The Bullwhip Effect occurs as a result of changes in the original information about the demand of a product as the information passes across the supply chain.

In the Bullwhip Effect small changes at the customers end of the supply chain leads to large variation in the manufacturing end of the chain.

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3 years ago

Blue Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Lumber 25% Mi

Alisiya [41]

The estimate of the inventory amounts before the fire is as follows:

Total Inventory $232,845

Lumber $159,200

Millwork $54,270

Hardware $19,375

Data and Calculations:

Lumber Millwork Hard & Fittings

Gross Markup (%) 25% 30% 40%

Gross Margin (%) 20% 23.1% 28.6%

= (25%/125%) (30%/130%) (40%/140%)

Inventory, Jan. 1 $265,900 $93,470 $45,600

Purchases 1,544,900 375,100 160,300

Goods available $1,810,800 $468,570 $205,900

Cost of goods sold 1,651,600 414,300 186,525

Ending inventory $159,200 $54,270 $19,375 $232,845

Estimating the Cost of Goods Sold:

Sales to Aug. 18 2,064,500 538,590 261,240

Gross profit 412,900 124,290 74,715

Cost of goods sold 1,651,600 414,300 186,525

Gross profit = Sales x Gross margin

Cost of goods sold = Sales - Gross profit or Sales x (1 - gross margin)

Learn more: brainly.com/question/16752466

6 0

2 years ago

Suppose that: (1) the United States has a comparative advantage in producing chemicals; (2) Costa Rica has a comparative advanta

prohojiy [21]

Answer: If the United States eliminates its import quotas on Costa Rican sugar, consumer surplus for American consumers of sugar products will rise.

Here, the United States has finally decided to eliminates its import quotas on Costa Rican sugar. This will further allow the producer in Costa Rica to export more quantity of this commodity.

8 0

3 years ago

a county taxes real property at a millage rate of 15. if your customer owns real property in the county and the assessed value i

patriot [66]

$1800

15 x 0.001=0.015

.8 x $150,000=120,000

120,000x.015=$1800

Another way to calculate the number of tax during this example is to multiply your assessed value by 0.0185. Using the millage rate above, a home assessed at $300,000 would have a bill of $5,550. The formula is: Assessed value ($300,000) x millage rate (1.85%, or 0.0185) = land tax ($5,550). To calculate the mileage, or mill rate, a possessor divides the quantity of mills by 1,000.

As an example, say a neighborhood taxing authority encompasses a mill rate of 15 on the assessed value of holding in its jurisdiction. That puts the capital levy rate at 1.5% before any county taxes adjustments or exemptions. To calculate your individual property's effective charge per unit, all you have got to try and do is divide your annual invoice by what you estimate to be the value of your property.

The assessed value estimates the reasonable value for your home. it's based upon prevailing local realty market conditions. Multiply the value of your item or service by the county taxes charge per unit. If you have got a charge per unit as a percentage, divide that number by 100 to induce the charge per unit as a decimal. Then use this number within the multiplication process.

learn more about county taxes: brainly.com/question/25844719

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3 0

2 years ago

Complete the steps in the measurement of external transactions.

ZanzabumX [31]

Answer:

November 1 Issue common stock in exchange for $11,000 cash.

Dr Cash 11,000

Cr Common stock 11,000

November 2 Purchase equipment with a long-term note for $1,500 from Spartan Corporation.

Dr Equipment 1,500

Cr Notes payable 1,500

November 4 Purchase supplies for $1,100 on account.

Dr Supplies 1,100

Cr Accounts payable 1,100

November 10 Provide services to customers on account for $7,000.

Dr Accounts receivable 7,000

Cr Service revenue 7,000

November 15 Pay creditors on account, $1,200.

Dr Accounts payable 1,200

Cr cash 1,200

November 20 Pay employees $1,000 for the first half of the month.

Dr Wages expense 1,000

Cr cash 1,000

November 22 Provide services to customers for $9,000 cash.

Dr Cash 9,000

Cr Service revenue 9,000

November 24 Pay $600 on the note from Spartan Corporation.

Dr Notes payable 600

Cr Cash 600

November 26 Collect $5,000 on account from customers.

Dr Cash 5,000

Cr Accounts receivable 5,000

November 28 Pay $1,200 to the local utility company for November gas and electricity.

Dr Utilities expense 1,200

Cr Cash 1,200

November 30 Pay $3,000 rent for November.

Dr Rent expense 3,000

Cr Cash 3,000

Cash Common stock

debit credit debit credit

1,200 5,000

11,000 11,000

1,200 16,000

1,000

9,000

600

5,000

1,200

3,000

19,200

Accounts receivable Supplies

debit credit debit credit

400 500

7,000 1,100

5,000 1,600

2,400

Equipment Accounts Payable

debit credit debit credit

7,400 1,000

1,500 1,100

8,900 1,200

900

Notes Payable Service revenue

debit credit debit credit

2,000 7,000

1,500 9,000

600 16,000

2,900 6,000 closed

Retained Earnings Wages expense

debit credit debit credit

1,500 1,000

10,800 closed 1,000

12,300

Utilities expense Rent expense

debit credit debit credit

1,200 3,000

closed 1,200 closed 3,000

net income for the month = $16,000 - $5,200 = $10,800, so retained earnings should increase by $10,800

5 0

3 years ago