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3 years ago

13

a checking account allows depositors to withdraw cash from an automated teller machine (atm) or write checks against money depos

ited in the account. a. true b. false

2 answers:

Brums [2.3K]3 years ago

4 0

I believe your answer is A)True.

sertanlavr [38]3 years ago

3 0

A depositer can not withdrawal money

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Titus Company produced 5,900 units of a product that required 3.546 standard hours per unit. The standard fixed overhead cost pe

natta225 [31]

Answer:

$417 A.

It is an adverse variance.

Explanation:

Fixed factory overhead volume variance is the difference between budgeted output at 100% normal capacity and actual production volume multiplied by standard fixed overhead cost per unit.

Formula

Fixed factory overhead volume variance = (budgeted standard hours for 100% normal capacity - Actual standard output hours) × standard fixed overhead cost per unit.

Calculation

Since 5900 units of a product was produced in 3.546 standard hours per unit, total actual standard hour is therefore;

= 5900×3.546

=20,921 hours

Overhead cost per unit = $1.10 per hour

Hours at 100% normal capacity = 21,300 hours.

Recall the formula for fixed factory overhead volume variance is =(budgeted standard hours for 100% normal output- actual standard output hours)× standard fixed overhead per unit.

Therefore;

Fixed factory overhead volume variance =(21,300 hours - 20,921 hours)× $1.10

=379 hours × $1.10

=$417 A

It is therefore an adverse variance.

4 0

3 years ago

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. So

mixas84 [53]

Answer:

This is the complete question with options

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. Some neighbors accept Alex's offer and others refuse. Economists would describe Alex's behavior as

A. rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.

B. greedy because he is asking for a high wage that some of his neighbors can't afford to pay.

C. selfish because he is asking for a wage that is higher than others might charge.

D. irrational because some neighbors refused his offer.

The answer is A . rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.

Explanation:

Alex is regarded as a rational self - interest individual because his decision focuses on his own monetary benefits which also influences the environment in which he is, in the sense that he is helping his neighbor mow their lawns.

5 0

3 years ago

Listed below are several transactions. For each transaction, indicate whether the ca financing, or noncash activity. Also, indic

mariarad [96]

Answer:

1. <u>Operating and Cash outflow:</u> Payment of employee salaries.

2. Investing and Cash inflow: Sale of land for cash. Investing

3. Operating and Cash outflow: Purchase of rent in advance.

4. Operating and Cash inflow: Collection of an account receivable.

5. Financing and Cash inflow: Issuance of common stock.

6. Operating and Cash outflow: Purchase of inventory

7. Investing and Cash inflow: Collection of notes receivable.

8. Operating and Cash outflow: Payment of income taxes.

9. Noncash activity, so no effect: Sale of equipment for a note receivable.

10. Financing and Cash inflow: Issuance of bonds.

11. Investing and Cash outflow: Loan to another firm.

12. Financing and Cash outflow: Payment of a long-term note payable.

13. Financing and Cash outflow: Purchase of treasury stock.

14. Operating and Cash outflow: Payment of an account payable.

15. Investing and Cash inflow: Sale of equipment for cash.

Explanation:

A statement of cash flow is a financial statement that gives the aggregate cash inflow and cash outflow in an organization during an accounting period. The three categories of statement of cash flows are investing activities, financing activities, and operating activities.

1. Investing activities are essentially the cash activities with respect to non-current assets such as sale of equipment for cash.

2. Financing activities refers to cash activities with respect to owners’ equity and non-current liabilities such as purchase of treasury stock.

3. Operating activities are mainly the cash activities with respect to net income such as payment of employee salaries.

8 0

2 years ago

Most international business messages tend to be written in an informal, conversational manner. should be written following gener

Virty [35]

Answer:

should conform to the conventions of the receiver's country

Explanation:

The more an international business adapts its operations to the specific culture of the countries where it operates, the more likely it is that it will succeed, since customers are very sensitive to their own culture, and lacking this understanding can result in ineffective communication, and less sales.

For this reason, interantional business messages should conform to the conventions of the receiver's country: like this, people in the receiver country will not only understand the message clearly, but will also feel identified with it, raising their level of trust in the company.

6 0

3 years ago

Which of the following budgets are needed to calculate unit product costs? Direct labor budget Direct materials budget Cash budg

kodGreya [7K]

Answer:

The following budgets are needed to calculate are as follows:

Direct labor budget

Direct materials budget

Manufacturing overhead budget

Explanation:

The three budgets put together are known as production budget which are as a result of sales budget.

When a company determines its projected sales ,it goes ahead to prepare its production budget in order to fulfill forecast sales as contained in the sales budget.The quantity to be manufactured is based on the opening inventory for the period, forecast sales quantity as well as the desired ending inventory quantity.

In order to determine production level,the opening inventory is added to forecast sales and desired ending inventory is subtracted to arrive at the estimated production units for the period.

8 0

2 years ago