A bank that uses a computer system to record deposits and withdrawals from its customers' checking accounts is using a(n):

Chris Anderson bought a Honda Civic for $17,345. He put down $6,000 and financed the rest through the dealer at an APR of 8.6 pe

Step2247 [10]

0.111 annual interest rate pay. Made monthly

6 0

2 years ago

Drag the tiles to the correct boxes to complete the pairs.

OLEGan [10]

Answer:

The mutual fund charge investors can charge you certain fee which is equivalent to the investment assets percentage. Also, an unofficial benchmark has been fixed to 1 %, though the advisers can take from you a little less or a little more. Hence, if you are investing $200,000. you need to invest $2000 each year as fee. However, the commission varies with product types as well

Explanation:

The mutual fund charge investors can charge you certain fee which is equivalent to the investment assets percentage. Also, an unofficial benchmark has been fixed to 1 %, though the advisers can take from you a little less or a little more. Hence, if you are investing $200,000. you need to invest $2000 each year as fee.

However, the commission varies with product types as well. The ELSS fund requires 4.5% to 1%, the equity funds requires 0.5 to 2.5% and debt funds require 0.2% to 0.8%.

7 0

3 years ago

Black Cat Corporation manufactures a product with the following full unit costs at a volume of 4,000 units: Direct materials $20

Snezhnost [94]

Answer:

Increase by $97,650

Explanation:

Increment Sale $247,500

(450 * $550)

Less Increment cost

Direct materials $90,000

(450 * $200)

Direct labor $36,000

(450 * $80)

Manufacturing overhead $20,250

(450 * $150 * 30%)

Administrative expenses $3,600 $149,850

(450 * $80 * 10%)

Profit will increase by $97,650

5 0

2 years ago

Typical Corp. reported a deferred tax liability of $6,000,000 for the year ended December 31, 2017, when the tax rate was 40%. T

Alex_Xolod [135]

Answer:

Income tax expense (Balancing figure) $13,200,000

To Deferred tax liability (8% × $15,000,000) $1,200,000

To Income tax payable ($30,000,000 × 40%) $12,000,000

(Being the income tax expense is recorded)

Explanation:

The compound journal entry is shown below:

Income tax expense (Balancing figure) $13,200,000

To Deferred tax liability (8% × $15,000,000) $1,200,000

To Income tax payable ($30,000,000 × 40%) $12,000,000

(Being the income tax expense is recorded)

For recording this, we debited the income tax expense as it increased the expenses and at the same time it also increased the liabilities i.e deferred tax liability and income tax payable so it would be credited

6 0

2 years ago

A middleman is a person who

Alika [10]

Answer:

A

Explanation:

A middleman is a link between a producer and a consumer. Middlemen includes wholesalers and retailers

Some of the functions of middlemen include

1. They provide information to the producers about consumers' tastes

2. they market producers goods and services

3. Middlemen render financial help to manufacturers.

7 0

2 years ago