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Assoli18 [71]
3 years ago
8

If a bank is offering a higher interest rate of return to investors, the MOST LIKELY impact on borrowers from the same bank is

Business
1 answer:
umka21 [38]3 years ago
5 0
The answer is D. An increased interest rate.
The bank will increase the interest rates on loans to get a return on their expenses.
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Actual fixed overhead is $33,300 (12,000 machine hours) and fixed overhead was estimated at $34,000 when the predetermined rate
Anuta_ua [19.1K]

Answer:

C. $34,500

Explanation:

Given the above information, applied fixed overhead is computed as;

= Standard hours allowed for actual production × Predetermined rate

Standard hours allowed for actual production = 11,500

Predetermined rate = $3 per hour

Then,

Applied fixed overhead

= 11,500 hours × $3 per hour

= $34,500

3 0
3 years ago
The legal authority of a salesperson normally is:
Dvinal [7]

Answer:

to solicit orders and get ratification and acceptance from his or her employer.

Explanation:

Legal authority is defined as the a provision of the law that carries the force of the law including statutes, rules, regulations, and court rulings.

So the legal authority of a person in a particular capacity is what he is legally allowed to do in a given transaction.

In this instance we are considering a salesperson. The legal authority of a salesperson is to solicit orders and get ratification and acceptance from his or her employer.

6 0
3 years ago
Read 2 more answers
Havermill Co. establishes a $270 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
stiv31 [10]

Answer:

Hi there!

C. Debit Miscellaneous Expense $270; credit Cash $270.

Explanation:

At the time of the reimbursement from the petty cash, the vouchers for the money used are presented and these must be charged to the different expenses incurred.

In October 1, the journal entry for the petty cash increase of $54 will be:

Debit Petty Cash $54; credit cash $54.

8 0
3 years ago
Two major virtues of the market system are that it:
podryga [215]

The correct answer is allocates resources efficiently and allows economic freedom.

The market system of economics is one where economic decisions and the pricing of goods and services are guided solely by supply and demand and there is limited to no government interaction in the economy. Because of this, two major virtues of the market system are that it allocates resources efficiently and allows economic freedom.

4 0
3 years ago
Financial management cannot be related to other functional areas of management such as marketing.
frez [133]
This is false again this can be classified as anything
5 0
3 years ago
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