All categories

3 years ago

Which option is an example of a debt-funding source?

1 answer:

8 0

The correct option is CREDIT UNION.
A debt funding source refers to a loan provided by an external lender such as banks, building society or credit unions. These establishments allow business men to borrow money to finance their businesses. Each loan usually has its own terms and conditions under which the contract is made. <span />

You might be interested in

What is khat's theory

nika2105 [10]

Kant's theory is a universal ethical principle and they are typically organized around the notion of a categorical imperative.

<h3>What is Kant's theory?</h3>

Kant's theory of ethics can be defined as a universal ethical principle which states that an individual should respect the humanity in others always, and they should always act in accordance with rules that holds for everyone only.

<h3>What are ethics?</h3>

Ethics can be defined as a set of both written and unwritten principles, values or rules of moral conduct that guides and governs human behaviors. It's a reflection that is typically based on identifying what is good or bad, right or wrong and just or unjust with respect to human behaviors.

Read more on ethics here: brainly.com/question/24277955

#SPJ1

Complete Question?

What is Kant's theory?

5 0

2 years ago

Travers Company is contemplating the acceptance of a special order has the following unit cost behavior, based on 10,000 units (

nydimaria [60]

Answer:

The amount of the incremental income from accepting the order is $21,750 .

Explanation:

<u>Incremental analysis of Accepting Special Order</u>

Hint : Consider Incremental Amounts Only

Sales (2,000 units × $36) $72,000

Less Expenses

Direct Materials ($5 × 2,000) ($10,000)

Direct Labor ($10 × 2,000) ($20,000)

Variable Overhead ($7 × 2,000) ($14,000)

Special stamping machine ($6250)

Incremental income/ (loss) $21,750

Note : There is excess capacity of 3,000 units (10,000 units - 7,000 units) to meet the Special Order. Hence

Fixed Overheads will be the same whether or not the special order is accepted, hence they are not included in the analysis.

Conclusion :

The amount of the incremental income from accepting the order is $21,750 .

5 0

3 years ago

John's debit card was stolen on Wednesday and used to purchase $700 worth of merchandise. John notified his financial institutio

Verizon [17]

Answer:

The liability of John is $50.

Explanation:

When the ATM, credit, or debit cards of a customer are stolen or lost, both the Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) come into action to give protection to the customer.

Specifically, if the credit or debit card is stolen or lost, the FCBA provides that maximum amount of liability that the customer will bear for any unauthorized use is $50.

The EFTA provides that if the stolen card is reported within 2 business days, the maximum liability for any authorised transaction is $50.

Therefore, since John notified his financial institution on Thursday which is still within 2 business days, his liability is still $50 based on the provisions of the EFTA and also the FCBA.

4 0

3 years ago

Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31 , the accounting

inysia [295]

Average Cost

Cost of average cost = cost of goods available for sale/ No. of units available for sale

114060/(400+300+460)

= $3.5

Cost of goods sold average cost =no. of units sold * average cost

= 860*3.5

= $3010

Ending inventory average cost =no. of units in ending inventory* average

(1160-860)*3.5

= $1050

FIFO

Cost of goods sold as per FIFO =no. of units sold * cost as per FIFO

(400*3)+(300*3.4)+(160*4)

= $2860.

The average cost is the unit cost of production obtained by dividing total cost (TC) by total production (Q). The unit cost of production means that all fixed and variable costs are considered when calculating the average cost. Hence, it is also called the total cost per unit.

Learn more about average Costs here brainly.com/question/27819027

#SPJ4

8 0

2 years ago

Mike's Fish Market is implementing a project that will initially increase accounts payable by $6,100, increase inventory by $2,8

Feliz [49]

Answer:

The net working capital is -$4600.

Explanation:

Use the below formula to calculate net working capital:

Net working capital = Total current assets – Total current liability

Total current liability = $6100

Total current asset = increase in inventory –decrease in account reciveable

Total current asset = $2800 – 1300

= $1500

Now, Net working capital = Total current assets – Total current liability

Net working capital = $1500 – $6100

= - $4600

Thus, net working capital is -$4600.

7 0

3 years ago