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Dafna11 [192]
3 years ago
15

Springfield National Bank organizes its loan operations based on the market served, such as consumer, small business, and nonpro

fit organizations. Departmentalization based on ________ allows Springfield to better serve borrowers with different needs.
Business
1 answer:
vaieri [72.5K]3 years ago
8 0

Answer: Customer group

Explanation:

The main role and responsibility of the customer group is that it aggregate the customers and this type of group basically interact with the customers about the requirement of the specific customer and tell them about the best deal that is available.

 They usually help the customer and solve their all the doubt regarding the issue. The customer group is basically refers to the coupon group of members. It is also sometimes known as the customer group.

According to the question, the customer group basically allow the spring filed for serving the borrowers the best loan deal available in the market according the customer requirement.

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There will be a higher equilibrium price and quantity if _____.
Natasha2012 [34]

Answer:

Try A

Explanation:

8 0
3 years ago
Read 2 more answers
Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Gre
VLD [36.1K]

Answer:

Greg's Bicycle Shop

Ending Inventory:

a. Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase  2 *  $250 =  500

March 22 purchase 2 * $260 = 520

March 30   Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

Cost of goods sold = Cost of goods available for sale Minus Ending Inventory

= $11,940 - $3,490

= $8,450

b. FIFO:

March 22   Purchase     5   260     1,300

March 30   Purchase     8   280    2,240

Ending Inventory          13           $3,540

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $3,540

= $8,400

c. LIFO:

Ending Inventory:

March 1  Inventory     13    $230         $2,990

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $2,990

= $8,950

d) Weighted -Average Cost:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

                                      Specific          FIFO         LIFO         Weighted

                                Identification                                           Average

Sales                           $13,900       $13,900      $13,900       $13,900.00

Cost of goods sold        8,450           8,400         8,950         $8,706.25

Gross profit                 $5,450         $5,500      $4,950          $5,193.75

Explanation:

Dat and Calculations:

Shop uses periodic inventory system

Date           Transactions               Units      Unit Cost    Total Cost   Total

March 1      Beginning inventory     20          $230         $4,600       Sales

March 5     Sale ($360 each)                   15   $360                          $5,400

March 9     Purchase                       10            250           2,500

March 17    Sale ($410 each)                   8     $410                           $3,280

March 22   Purchase                      10            260           2,600

March 27   Sale ($435 each)                12     $435                         $5,220

March 30   Purchase                      8             280           2,240

Total Goods available for sale     48   35                     $11,940   $13,900

Ending Inventory = 13 (48 - 35)

Weighted average cost = Cost of goods available for sale/Units of Goods available for sale

= $11,940/48 = $248.75

Specific Identification:

March 5 sale 15 consists of bikes from 15 beginning inventory Bal 5 - 4 = 1

March 17 sale 8 consists of bikes from the March 9 purchase  Bal  = 2

March 27 sale 12 consists of four bikes from beginning inventory and eight bikes from the March 22 purchase Bal  = 2

Ending Inventory:

Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase  2 *  $250 =  500

March 22 purchase 2 * $260 = 520

March 30   Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

FIFO:

March 22   Purchase     5   260     1,300

March 30   Purchase     8   280    2,240

Ending Inventory          13           $3,540

LIFO:

March 1      Beginning inventory     13    $230         $2,990

Weighted-Average Costs:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

7 0
3 years ago
Henway Inc has a clause in its employment contract that identifies the state law that will apply to any disputes that arise unde
Gekata [30.6K]

Answer:

correct answer is a. forum selection clause

Explanation:

solution

the correct answer is forum selection clause because as it suggests you forum selection  

forum selection allows the party to choose the forum or the specific way to deal with the dispute between the two parties  

so here organization Henway has chosen state law as that the way to deal with the dispute  

so that correct answer is forum selection clause

7 0
3 years ago
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit
posledela

Answer:

Explanation:

Direct Material   $165,000 (195,000 - 30,000)

Direct labor        $110,000 (150,000 - 40,000)

Overhead           $165,000 ( 110,000 * 150%)

Total cost           $440,000

Work in progress transfer = $15,500 + $440,000 - $27,000 = $428,500

3 0
4 years ago
On January 1, Year 1, Miller Company purchased equipment for $36,000. Residual value at the end of an estimated six-year service
Kay [80]

Answer:

1. $8,000

2. $20,000

3. $16,000

Explanation:

The computation is shown below using the double-declining balance method:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 6

= 0.16667

Now the rate is double So, 0.3333%

In year 1, the original cost is $36,000, so the depreciation is $12,000 after applying the 33.33% depreciation rate

And, in year 2, the ($36,000 - $12,000) × 33.33% = $8,000

1. So the depreciation expense is $8,000

2. Accumulated depreciation is

= $12,000 + $8,000

= $20,000

3. And, the book value is

= $36,000 - $20,000

= $16,000

5 0
3 years ago
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