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Kaylis [27]
3 years ago
14

3.A lockbox plan is most beneficial to firms that a. have widely dispersed manufacturing facilities. b. have a large marketable

securities portfolio and cash to protect. c. receive payments in the form of currency, such as fast food restaurants, rather than in the form of checks. d. have customers who operate in many different parts of the country. e. have suppliers who operate in many different parts of the country.
Business
2 answers:
kramer3 years ago
7 0

Answer:

D) have customers who operate in many different parts of the country.

Explanation:

A lockbox is basically a bank mailing address where a company's clients can send their payments to. It is similar to mailbox that receives letters, only that this one receives checks and cash. The bank is in charge of opening the lockbox and depositing the cash and checks to the company's account, and reporting the information.

algol133 years ago
4 0

Answer:

have customers who operate in many different parts of the country.

Explanation:

A lockbox plan is an arrangement in which an insurer or agent uses the bank as a collection facility. The entity posts payments to the bank's lockbox, and the bank processes it and pays in to the appropriate account.

Evidence of payment is scanned back to the customer.

The lockbox system is ideal for companies that operate in many different parts of the country because customer payments are quickly processed into the companie's account from different locations.

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Kennedy Company reports the following costs and expenses in May. Factory utilities $ 13,500 Direct labor $79,100 Depreciation on
Pie

Answer:

(a) $158,350

(b) $395,050

(c) $79,140

Explanation:

(a) Manufacturing overhead:

= Factory utilities + Depreciation on factory equipment + Indirect factory labor +  Indirect materials + Factory manager's salary + Property taxes on factory building + Factory repairs

= $ 13,500 + $12,650 + 48,900 + 70,800 + 8,000 + 2,500 + 2,000

= $158,350

(b) Product costs:

= Total Manufacturing overhead + Direct material used + Direct labor

= $158,350 + $157,600 + $79,100

= $395,050

(c) Period cost:

= Depreciation on delivery truck + Sales salaries + Repairs to office equipment + Advertising + Office supplies used

= 3,800 + 48,400 + 1,300 + 23,000 + 2,640

= $79,140

8 0
3 years ago
For a risk averse person, a. the pleasure of winning $1,000 on a bet exceeds the pain of losing $1,000 on a bet. b. the pain of
kompoz [17]

Answer:

B. the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet.

Explanation:

A risk averse person is an individual or person rather who prefers lower returns with known risk than higher returns with unknown or higher risks. In this case, the individual prioritizes preservation of capital at hand over the potential of a more than average return. In this scenario, for a risk averse individual, the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet based on the high uncertainty attached to winning the $1000 bet.

8 0
3 years ago
Who owns mutual savings institutions? the stockbrokers who buy and sell shares the individuals who deposit money in the institut
garri49 [273]

Mutual savings banks are owned by their depositorrs and run by and a self-perpetuating board of directors similary to federal savings and loan associations.

7 0
3 years ago
After four years in college, you will get a graduate degree. ture or false
garik1379 [7]

Answer:

depends on what u want as your carrer

Explanation:

6 0
4 years ago
Read 2 more answers
Explain why if you want to store uncooked hamburger meat for a month you put it in a freezer rather than a refrigerator
kipiarov [429]
Freezer has a temperature below freezing point (0 degree F) while refrigerator has a temperature of 40 degree F. At freezing point, the enzymatic activities stop thus meat and meat products that have very less shelf life are stored in the freezer. Frozen food can be stored for months inside the freezer. In case of a refrigerator the enzymatic activities still take place and it is not used for storage purposes.

Thus, uncooked hamburger meat can be stored in a freezer for months rather than in a refrigerator.
5 0
4 years ago
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