A store buys an item for $50 and marks it up 100%. What is the price?

Which fees was John charged on his checking account during this statement period?

Zigmanuir [339]

The overdraft fee is the fee that John was charged on his checking account.

<h3>What is an overdraft fee?</h3>

This is a fee that has to be paid due to the fact that a payment has been authorized.

The overdraft fee is usually paid to cover transactions if there are not enough funds in the account.

<h3>The checking account</h3>

This is a current account that lets deposit and easily withdraw for the sake of transactions.

Read more on the overdraft fee here: brainly.com/question/25532516

7 0

2 years ago

Manufacturing overhead $ 364,000 $ 416,000 $ 93,600 $ 873,600 Direct labor $ 208,000 $ 104,000 $ 312,000 $ 624,000 Jobs require

Hoochie [10]

Answer:

manufacturing overhead is allocated based on direct labor:

fabricating machining assembling total

Direct labor $208,000 $104,000 $312,000 $624,000

Man. overhead $364,000 $416,000 $93,600 $873,600

overhead rate 1.75 4 0.30 1.4

Koopers job: using departmental overhead rates

fabricating machining assembling total

Direct materials $3,800 $400 $2,200 $6,400

Direct labor $4,400 $700 $7,000 $12,100

overhead rate 1.75 4 0.30

Man. overhead $7,700 $2,800 $2,100 $12,600

total cost $15,900 $3,900 $11,300 $31,100

bid price (150% of total manufacturing cost) = $46,650

Koopers job: using plantwide overhead rate

fabricating machining assembling total

Direct materials $3,800 $400 $2,200 $6,400

Direct labor $4,400 $700 $7,000 $12,100

overhead rate 1.4

Man. overhead $16,940

total cost $35,440

bid price (150% of total manufacturing cost) = $53,160

3 0

2 years ago

Eurocurrency is the euro, the common currency of Europe. is a time deposit of money in an international bank located in a countr

Leona [35]

Answer:

is a time deposit of money in an international bank located in a country different from the country that issued the currency.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.

The three (3) main functions of money all over the world are;

I. Medium of exchange.

II. Unit of account.

III. Store of value.

The European System of Central Banks (ESCB) which was established under the Treaty on European Union (TEU).

It comprises of the European Central Bank (ECB) and the national central banks of all the 27 European Union (EU) member states, irrespective of adopting the Euro (£) or not. This has helped the European Union (EU) member states to achieve tight corporations and memorandum of understanding (MOUs) such as TARGET2 (single payment system).

Eurocurrency is a time deposit of money in an international bank located in a country different from the country that issued the currency.

3 0

2 years ago

Evans Products uses a process costing system with two processing departments: the Mixing Department and the Finishing Department

avanturin [10]

Answer:

d. A debit to Work-in-Process Inventory, Finishing Department of $140,000.

Explanation:

Cost of unit transferred = $4 x 35,000 = $140,000

Cost incurred by mixing department is $4 which so the transfer of cost from mixing department to finishing department will be $140,000 for 35000 units. This cost will be recorded in the work in process inventory account of finishing department. As we know that WIP account has debit nature so same entry will be done to record an expense incurred in mixing department.

4 0

3 years ago

Why have many consumers changed their views about the value of online content so they are now willing to pay small fees?

satela [25.4K]

Answer:

The reason many consumers have changed their views about the value of online content so that they are now willing to pay small fees for it is that:

The costs and quality of online products and services compare with those in stores. Since online transactions are relatively more secure than physical transactions, people are generally more willing to pay for the secured transactions offered online.

Explanation:

In the modern computer age, many products and services are now being offered online. This makes the physical stores of yesteryears unnecessary. People are even ready to pay some small fee to receive these goods and services through online transactions instead of visiting physical stores to pick their desired products and services. This has reinforced online marketing and delivery of products and services. Many companies are now jettisoning their physical stores to trade online. And customers are finding the experience uplifting, secure, and satisfactory. One can transfer money to distant suppliers of goods and services without leaving their offices and homes. Overcrowding in banking halls and paper expenses are being avoided. Banks are also reducing their physical infrastructure and personnel. These are among the benefits of online content-based transactions.

8 0

2 years ago