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3 years ago

Risks of having a checking account

1 answer:

5 0

Checking account possible risks include:
- identity theft
-overdrafting
-limited amount to withdraw from ATM
-Fee for not having enough in yours account.
-Fees for using your card

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At December 31, 2018, Oriole Company reported the following information on its balance sheet.

drek231 [11]

Answer:

Bad debt expense (Dr.) $68,930

Allowance for Doubtful Debt (Cr.) $68,930

Explanation:

Accounts Receivable :

Balance $948,000

Add: Sales $3,609,930

Less: Sales returns $51,000

Less: Collections $2,756,000

Less: Write offs $97,000

Add: Recovery of old Bad debts $28,000

Adjusted Balance $1,653,930

Bad Debts :

Balance $78,000

Less: Allowance for doubtful debts $97,000

Less: Recovery $28,000

Adjusted Balance $9,000

7 0

3 years ago

Southwest U's campus book store sells course packs for $14 each. The variable cost per pack is $12, and at current annual sales

Mumz [18]

Answer:

$23,000

Explanation:

current annual sales = 49,000 packs

Selling price of course packs = $14 each

variable cost per pack = $12

Earnings = $75,000

Contribution:

= current annual sales × (Selling price of course packs - variable cost per pack)

= 49,000 packs × ($14 - $12)

= 49,000 packs × $2

= $98,000

Fixed costs of producing the course packs:

= Contribution - Earnings

= $98,000 - $75,000

= $23,000

4 0

3 years ago

Ms. BK is a self-employed architect who earns $205,000 annual taxable income. For the past several years, her tax rate on this i

scoray [572]

Answer:

a.- 20,500 less tax collected

b.- 1,750 less tax collected

c.- 26,750 less tax collected

Explanation:

<u>under a static forecast:</u>

205,000 x (0.35-0.25) = 205,000 x 0.1 = 20,500

The government will collect 20,500 less dollars from Ms BK's

<u>under a flexible forecast:</u>

205,000 x 35% - 280,000 x 25% = 71,750 - 70,000 = 1,750

It will loss tax revenue for $1,750

205,000 x 35% - 180,000 x 25% = 71,750 - 45,000 = 26,750

3 0

3 years ago

When Ford was slow to recall vehicles to fix a possible carbon monoxide leak, it was most likely due to ________, because Ford w

Vladimir79 [104]

Answer: Overconfidence bias

Explanation:

The options are:

a. overconfidence bias

b. hindsight bias

c. framing bias

d. escalation of commitment bias

e. sunk-cost bias

Overconfidence bias is when people or organization believe so much in their ability, knowledge, talent, or skills which invariably leads them to believe that they are better than the way they really are. It is an ego belief and can have a dangerous effect.

Ford was slow to recall vehicles to fix a possible carbon monoxide leak due to overconfidence bias as they believe that they are a force to be reckoned with and can't make such mistakes.

5 0

3 years ago

is the organization providing a charitable or public service? if so, what is it? will the company still have profit to motive?

deff fn [24]

Here is the answer to your question
Hope it helps!

4 0

3 years ago