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3 years ago

What does a bank do when you "bounce" a check

Business

1 answer:

Fudgin [204]3 years ago

4 0

Answer:

When there are insufficient funds in an account, and a bank decides to bounce a check, it charges the account holder an NSF fee. If the bank accepts the check, but it makes the account negative, the bank charges an overdraft (OD) fee. If the account stays negative, the bank may charge an extended overdraft

Explanation:

Answered By Huntermike976

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When forecasting fixed asset requirements, the projected fixed asset balance will

iren2701 [21]

Answer:

C. not increase proportionally with sales if the existing level of fixed assets is sufficient to support current sales.

Explanation:

The total assets comprises of current assets, fixed assets and the intangible assets .

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

If the existing level of the fixed asset is enough to support the current assets so the projected fixed assets balance would not be increased proportionally with the increase in sales

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4 years ago

Morocco desk co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to reco

Natali [406]

Answer:

Option (a) is correct.

Explanation:

Given that,

Lumber purchased = 6,000 feet

Cost per foot (actual price) = $6

Standard price for direct materials = $5

Cost of purchasing material:

= Quantity of lumber purchased × Price per foot

= 6,000 × $6

= $36,000

Direct materials price variance:

= (Standard Price - Actual Price) × Actual Quantity purchased

= ($5 - $6) × 6,000

= $6,000 Unfavorable

Therefore, the journal entry is as follows:

Direct Materials A/c Dr. $30,000

Direct Materials Price Variance A/c Dr. $6,000

To Accounts Payable 36,000

(To record the purchase and unfavorable direct materials price variance)

7 0

3 years ago

Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items

OLEGan [10]

a. The average aggregate inventory value is $336,000.

b. The number of weeks of supply that the firm has is 3 weeks, approximately (2.69 ($336,000/$6,500,000 x 52).

c. The inventory turnover of Sapphire Aerospace for last year was 19.3x.

Question Completion:

Category Part Number Average Value Total Category

Inventory Units per Unit Value Totals

Raw Materials RM-1 20,000 $1 $20,000

Materials RM-2 5,000 5 25,000

RM-3 3,000 6 18,000

RM-4 1,000 8 8,000 $71,000

Work-in-process WIP-1 6,000 10 60,000

WIP-2 8,000 12 96,000 $156,000

Finished goods FG-1 1,000 65 65,000

FG-2 500 88 44,000 $109,000

Total value of inventory $336,000 $336,000

Inventory turnover = Cost of goods sold/Average inventory

= 19.3x ($6,500,000/$336,000)

Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.

Learn more about inventory turnover here: brainly.com/question/5701250

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3 years ago

By studying, Will can produce a higher grade, , on an upcoming economics exam. His production function depends on the number

Paul [167]

Answer:

c. 2.5A^0.36R%0.64/R.

Explanation:

Marginal productivity is the increase in amount of one unit of output with the one unit increase of input. Will can produce higher grade when he studies more hours. His grade will increase by one level when he studies more. His grade production function is the level of increase in his output.

6 0

3 years ago

A property is being appraised by the Cost Approach. The appraiser estimates that the land is worth $33,000 and the replacement c

MrMuchimi

Answer: The value of the property is $156000.

Explanation: The value according to the cost approach is given by

(The estimated value of the land + The replacement cost of the house + additional improvements) - (Depreciation).

Therefore the calculation is:

(33000 + 110000 + 20000) - (7000) = $ 156000.

8 0

3 years ago