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Y_Kistochka [10]
3 years ago
5

The loan department of a financial corporation makes loans to businesses. The costs of processing these loans are often several

thousand dollars. All loans are initially evaluated using the same financial analysis software, but some require outside services such as appraisals and legal services. Which is the most appropriate costing system for the loan department
Business
1 answer:
Ket [755]3 years ago
3 0

Answer:

Operation costing

Explanation:

Operating costing is the combination of the job costing and the process costing. In this the cost are received for each and every operation rather for each and every process

Since in the given situation it is mentioned that they need some outside services like legal services etc so here the costing system that used for the loan department is operation costing

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Which is the best option for people who need the items immediately but cannot pay cash now?
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<h2>Answer</h2>

Buy on Credit

<h3>Explanation</h3>

When in a liquidity problem and items have to be bought, buying on credit seems to be the best option. Buying on credit allows immediate ownership of required items whereas the money can be paid later as per the credit policy and terms. This permits the consumer to take the advantage of item ownership with delayed payment hence double advantage.

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3 years ago
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Lamar Company is considering a project that would have an eight-year life and require a $2,400,000 investment in equipment. At t
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Paybackperiod=Intial investment / Net annual cash inflow

project's payback period is 4.5 years.

<h3>What is net operating income?</h3>
  • Before deducting any expenditures for financing or taxes, net operational income assesses the profitability of an income-producing asset.
  • Subtract all property-related running costs from all income earned at the property to arrive at NOI.
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To learn more about net operating income, refer to the following link:

brainly.com/question/15834358

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5 0
2 years ago
When the budget is in deficit, the government generally:
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When the government is in deficit, it A) increases the public debt.

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3 years ago
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Wheeler Company can produce a product that incurs the following costs per unit: direct materials, $11.00; direct labor, $25.00,
Oksi-84 [34.3K]

Answer:

$3.20 per unit

Explanation:

In this question, we have to compare the cost between two cases

In the first case, the total cost per unit would be

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In the first case, the total cost per unit would be

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= $48.55 + $17 × 45%

= $48.55 + $7.65

= $56.20

So, the difference would be

= $56.20 - $53

= $3.20 per unit

3 0
3 years ago
Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He al
Ksenya-84 [330]

Answer:

fraternal benefit society

Explanation:

The fraternal benefit society is an organization in which the people generally  share the ethics, religious views, etc. Also this society provides the insurance to their members

Since in the question it is mentioned that the Edward who is a member of Knight of Columbus i.e. a religious group dedicated a voluntary service in order to give the benefit to society

So the knights of columbus is a fraternal benefit society

4 0
3 years ago
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