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3 years ago

Distinguish between the costs of having a basic checking account and an interest-bearing checking account

Business

1 answer:

boyakko [2]3 years ago

3 0

Answer:

Checking account is what you can use, and ibca is account that has interest rate.

Explanation:

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A privately owned summer camp for youngsters has the following data for a 12-week session: Charge per camper Fixed costs Variabl

shtirl [24]

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $192,000

Unitary variable cost= $320 per week

Selling price per unit= $480 per week

To calculate the total cost, we need to use the following formula:

Total cost= fixed costs + unitary variable cost*number of units

Total cost= 192,000 + 320*number of weeks

Now, the total revenue:

Total revenue= selling price per week*Number of weeks

Total revenue= 480*x

Finally, the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 192,000 / (480 - 320)

Break-even point in units= 1,200 campers

3 0

3 years ago

Bill Buckely has split-limit 50/100/20 automobile liability insurance on his 2012 Subaru. Driving home from work in a snowst

iren2701 [21]

Answer: The answer is given below

Explanation:

It should be noted that the split limits approach is used by several auto insurance policies and this simply combines per person and occurrence approach.

For every accident, three dollars amount are being applied. The first limit is simply a per person limit which is the maximum amount that one injured person will get. The second limit is simply the per occurrence limit which is the maximum amount that all the injured persons will get while the third limit applies during the claim of property damage as it is the maximum amount that will be paid for damages by an insurer to property that results from the accident.

since the split is 50/100/20, it implies that $50,000 medical coverage for every injured person, $100,000 injury coverage for all accident victims and then $20,000 for property damage.

1. Bill's insurance company will pay $20000.

2. Amount Bill will pay:

= $17,603 + $3,136 + $9,659 - $20,000

= $30,398 - $20,000

= $10,398

7 0

3 years ago

In computing its predetermined overhead rate, Brady Company neglected to include its factory insurance cost. This error will res

Ann [662]

Answer:

The correct answer is the letter b. “The cost of goods sold to be understated.”

Explanation:

In calculating its indirect profit rate, Brady Company no longer included a cost component. By dividing the total cost by the products sold, the cost of each individual product will be underestimated, this will underestimate all the production sold, meaning the costs of the products will appear to be lower than they really are, and your profits will appear to be higher than they really are.

8 0

3 years ago

Which best describes an opportunity cost?

Masja [62]

Opportunity cost is concept used in economics. It denotes the benefit of something that must be given up to acquire or achieve something else. Because of this opportunity cost is used in the decision-making process. The following best describes an opportunity cost: decision giving up an opportunity to do something else when making an . Correct answer: B

5 0

3 years ago

Read 2 more answers

A letter-of-credit agreement between rural feed corporation and soybean farms, inc., requires rural feed's bank to pay soybean f

snow_lady [41]

It is B i just took the test

4 0

3 years ago