Discount loans to healthy banks, who may borrow as much as they wish from the Fed, are called:

A 16-year-old female applied for a conventional loan in order to purchase a condominium. The lender denied the application, citi

aksik [14]

Answer:

C.

Explanation:

The lender lawfully denied the application because the applicant was under 18 and therefore was too young to legally sign a contract.

A 16 year old is not up to the age to sign a contract and even at that Every lender has their own requirements for approving a loan. And for a person who is just 16 getting a loan approval is going to be near impossible except it is done with the cosignature of a parent. This is because several checks are usually done before a loan is approved and a 16 year old may not pass all of them.

7 0

3 years ago

The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more tha

evablogger [386]

Answer:

The correct options are:

A. Debit to Factory Overhead

D. Credit to Factory Utilities Payable

Explanation:

The debit entry of the use of utilities in a factory would be recorded in factory overhead since cost of utilities is a not a direct factory cost.

However, the corresponding credit would be in the factory utilities payable as an obligation awaiting payment to be made to the supplier of the service being enjoyed by the factory in order to run on daily basis

6 0

3 years ago

Read 2 more answers

The Sourdough Bread Company bakes baguettes for distribution to upscale grocery stores. The company has two direct-cost categori

Hitman42 [59]

Why can’t i c o o l ww man

4 0

3 years ago

Pauley Company needs to determine a markup for a new product. Pauley expects to sell 15,000 units and wants a target profit of $

gulaghasi [49]

Answer:

81%

Explanation:

Calculation for the markup percentage to variable cost that should be used

Using this formula

Markup percentage=[(Target profit + Fixed overhead costs + Fixed administrative costs) / Total variable costs

Let plug in the formula

Markup percentage=[($22*15,000 units)+$13,500+$21,000]/$30×15,000)

Markup percentage=($330,000+$13,500+$21,000)/$450,000

Markup percentage=$364,500/$450,000

Markup percentage=0.81*100

Markup percentage=81%

Calculation for Total variable costs

Variable product cost per unit $19

Variable administrative cost per unit $11

Total variable costs =$30

Therefore the markup percentage to variable cost that should be used will be 81%

8 0

4 years ago

A form of ownership that involves multiple outlets under common ownership is refered to as

Sergeu [11.5K]

Answer:

Corporate chain

Explanation:

The corporate chain is that chain that owns its multiple outlets so that it can ensure the day to day activities, profit or losses for a given period of time.

The aim of this to maximize the profit to the greatest extent and captures the market by providing them excellent services so that it can achieve the highest growth during a particular period which results in them into maintaining its reputation and goodwill

3 0

3 years ago