The answer is he won't be paying any late or penalty fee.
Grace period is usually given by the company as a form of goodwill towards the consumers who are late in paying their late bills.
Since on the 12th day is still considered within the one day grace period, Frank is not entitled to pay any additional amount from his usual charge of the bill (or any other form of penalties)
Answer:
The answer is: D) Persons quitting part-time jobs to look for full-time ones
Explanation:
In order for an individual to be considered unemployed, some requisites must be met:
- the individual is an adult, capable of working
- the individual is currently out of a job
- the individual is actively looking for a job
If individuals who have part time jobs (part time jobs are considered employment) quit to look for full time jobs. This is a type of frictional unemployment; when someone quits his job in order to search a better job.
Answer:
$160,637.40
Explanation:
Calculation for the applied manufacturing overhead for the year
First step is to find the Predetermined overhead rate using this formula
Predetermined overhead rate=Estimated manufacturing overhead÷Estimated machine-hours
Let plug in formula
Predetermined overhead rate=157,150÷4,520
Predetermined overhead rate= 34.77
Last step is to calculate for the Applied Manufacturing overhead for the year using this formula
Applied manufacturing overhead for the year = Actual machine-hours*Predetermined overhead rate
Let plug in the formula
Applied manufacturing overhead for the year=
4,620*34.77
Applied manufacturing overhead for the year=$160,637.40
Therefore the applied manufacturing overhead for the year is closest to:$160,637.40
Answer:
portfolio's standard deviation = 0.3256
Explanation:
Stock Expected Return Standard Deviation Wi
A 10% 30% 0.2
B 20% 40% 0.8
covariance = [(10% - 10%) x (20% - 20%)] / (2 - 1) = 0
portfolio's standard deviation = (stock A's Wi² x variance) + (stock B's Wi² x variance) + (2 x covariance x weight A x weight B)
portfolio's standard deviation = √{(0.2² x 0.09) + (0.8² x 0.16) + 0} = √(0.0036 + 0.1024) = √0.106 = 0.3256
Answer:
Business-facing processes
Explanation:
As we know that preparation of the financial statements is necessary for all the types of the organization whether small or large, private or public company, etc.
The preparation of the financial statement is done by the accounting and finance department of the organization.
The functions like creating financial statements, paying accounts payable, and collecting accounts receivables are done by business organizations so that no problem will exist in the future.
Such types of business organization are called legal organization who are conducting their business activities in an ethically manner
