Answer:
d. a letter to a customer denying a request for credit.
Explanation:
Routine messages are part of a business' daily operations; It communicates the what, who, where and when elements of operations. They are usually simple and positive requests for information or action by one person to another, daily meeting with coworkers, new updates and instructions as well as replies to customers. Among the choices given, a letter to a customer denying a request for credit is not part of it.
Answer:
False.
Explanation:
A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.
A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.
Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.
Hence, federally chartered banks and credit unions are not run like businesses that are a profit i.e they are a non-profit business.
Explanation:
Fixed assets, also known as long-lived assets, tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, described as liquid assets.
Answer:
the cost per equivalent unit of materials is a. $2.06.
Explanation:
Step 1 : Calculate the total equivalent units of production for raw materials.
Units completed and transferred (150,000 × 100%) = 150,000
Units in Ending Work in process (32,500 × 100%) = 32,500
Total equivalent units of production for raw materials = 182,500
Step 2 : Calculated the total raw material costs incurred during the period.
Raw material cost in Beginning Work in Process = $48,000
Add Raw Materials Cost Incurred during the period = $328,050
Total raw material costs incurred = $376,050
Step 3 : Calculate the cost per equivalent unit of materials.
Cost per equivalent unit = Total raw material costs incurred ÷ Total equivalent units of production for raw materials
= $376,050 ÷ 182,500
= $2.06
Answer:
As per the Securities Act of 1933, John must prove only that the registration statement contained some important omissions
Explanation:
The Securities Act of 1933 also known as the "Truth in Securities" law. This law requires that companies have to submit information to the investors about the securities being offered for public sale.
It was the first major federal securities law passed.
President Roosevelt stated that the law was aimed at correcting some of the wrongdoings included insider trading, the sale of fraudulent securities, and other wrongdoings that some financial institutions and professional stock traders engaged in.
In the given question,
John must prove only that the registration statement contained some important omissions as per the Securities Act of 1933
