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3 years ago

HERMONE HAS A CREDIT SCORE OF 653 HER CREDIT SCORE WOULD RECEIVE WHICH OF THE FOLLOWING CLASSIFICAION

1 answer:

4 0

It actually gives her good classifications for anything that she's looking for to being a 653 but the best ones are the 700 to the 800s gives you access to everything that you need with a 653 you can take out at least 20,000 for a loan

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Which of the following statements is true of absorption costing? A. It considers variable selling and administrative costs as p

Sonja [21]

Answer:

C. It considers fixed manufacturing overhead cost as product costs.

Explanation:

The statement that is true of absorption costing is that it considers fixed manufacturing overhead cost as product costs.

Absorption costing uses the concept of cost drivers to ascertain the quantum of fixed manufacturing overhead cost a product generates, and ties that fraction to the product as its own cost.

By so doing, what would ordinarily have been periodic costs that will be apportioned among products become fixed costs that are directly traceable to those products.

6 0

3 years ago

Destin Company uses the weighted average method in its process costing system. The first processing department, the welding depa

ICE Princess25 [194]

Answer:

the cost per equivalent unit for conversion costs for the month is $ 6.256 (round off to three decimal places)

Explanation:

The Concept of Equivalent units measures the number of units of output in terms of percentage completion of a certain input element.

In this question we are required to find the cost per equivalent unit for conversion costs.

Step 1 Find the Total conversion costs for the period.

Conversion cost in this beginning work in process inventory $19,200

Conversion costs incurred in the during the month $383,060

Total conversion costs for the period $402,260

Step 2 Find the Total Equivalent units

Hint : First find the Units Completed

Units Completed = 10000+6000-19000

= 51,000

Total Equivalent units

Units Completed ( 51,000 × 100 %) = 51,000

Closing Work In progress ( 19,000 × 70 %) =13,300

Total Equivalent units =64,300

Step 3 Find cost per equivalent unit for conversion costs

cost per equivalent unit = Total conversion costs / Total Equivalent units

= $402,260 / 64,300

= $ 6.256 (round off to three decimal places)

3 0

3 years ago

Capital requirements for banks serve all of the following purposes EXCEPT:________.a.to offset the change in incentives caused b

SCORPION-xisa [38]

Answer:

b. to reduce deposits

Explanation:

A Capital requirement refers to the amount of capital that a financial institution must have to meet the requirements set by it's financial regulator. All of the answers provided are purposes that this hopes to accomplish except for reducing deposits. It actually hopes to increase deposits which means more customers that are coming in.

3 0

3 years ago

Suppose Ruston Company had the following results related to cash flows for 2020: Net Income of $9,100,000 Adjustments from Opera

elena-s [515]

Answer:

The Net Cash Flow is $9,300,000.

Explanation:

A statement of cash flows with amounts in thousands can be created to determine the Net Cash Flow as follows:

Ruston Company

Statement of Cash Flows

For the Year 2020

Details $'000

Net Income 9,100

Adjustments from Operating Activities 1,100

Net Cash Flow from Operating Activities 10,200

Net Cash Flow from Investing Activities (4,300)

Net Cash Flow from Financing Activities of 3,400

Net Cash Flow  9,300 

Since the amount is in thousands, that implies that the Net Cash Flow is $9,300,000.

7 0

3 years ago

Vanessa contributed $20,000 of cash and land with a fair market value of $100,000 and an adjusted basis of $40,000 to Cook, Inc.

IRISSAK [1]

Answer:

Vanessa's tax basis in cook inc. $50,000

Explanation:

Given:

Cash = $20,000

Fair market value = $100,000

Adjusted basis = $40,000

Mortgage executed = $30,000

Now,

For the tax basis

cash $30,000

add; Land ( adjusted basis ) $40,000

less ; Mortgage $20,000

============================================

Vanessa's tax basis in cook inc. $50,000

============================================

6 0

3 years ago