Explanation:
Before answering the question, we need to know what overdraw means. So overdraw is basically the drawing the excess of money which the account of a person actually holds. In simple words, when the money in someone account is more than the amount he thinks. He thinks he has more amount in his account and when he tries to withdraw, he comes to know the real amount. This could be because of many reasons, three of which are as follows:
They withdraw the amount from ATM and they may not record it. secondly they may have made a mistake in their arithmetic while estimating their equity, and thirdly, they might have forgotten to make a deposit.
All these reasons could be the reason for overdraw.
It is created when <span>contingency funds are applied for.
Contingency funs is a type of monetary fund that set aside for unforseen circumtances that the company may experience in the future. The usage of this fund indicates that the company could no longer follow the budget line that created for normal operation.</span>
Why do you think people have taken the risk and invested in overseas companies? What are the pros and cons of doing this? Investing in overseas companies is good because it gives better openings because of the vast amount of countries in the world. It also gives one influence socially in other countries.
Answer:
4000 Units
Explanation:
x = number of units made and sold
C(x) = cost
C(x) = 18.50x+18000
R(x) = revenue
R(x) = 23x
Breakeven point occurs when the cost and revenue are the same, which produces a profit of 0 dollars.
R(x) = C(x)
23x = 18.50x+18000
23x-18.50x = 18000
4.50x = 18000
x = 18000/(4.50)
x = 4000
Answer:
the work in process should be debited for $13,520 and factory overhead should be credited for $96,000
Explanation:
The computation is shown below;
Work in process is
= $96,000 ÷ 12,000 × 1,690
= $13,520
So here the work in process should be debited for $13,520 and factory overhead should be credited for $96,000
Therefore the same would be considered and relevant
The same is fit to the given situation
