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3 years ago

Match each type of lending institution to its description.

1 answer:

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Credit union - provides credit only to the organization’s members

Payday lender - offers short-term credit at very high interest rates

Consumer finance company - typically provides credit for purchasing items on an installment basis

Bank - provides credit for a wide variety of purposes and periods of time.

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"You are a manager, and you are meeting with your boss to discuss your development plan. You have decided to benchmark Camp Bow

Vesnalui [34]

Answer:

BLANK 1. (B)

BLANK 2. (D)

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3 years ago

In activity-based costing, blank______ are different from those calculated using traditional costing. multiple choice question.

STatiana [176]

In activity-based costing, Product margins are different from those calculated using traditional costing.

<h3>What is Product margins?</h3>

Product margin is a term that is said to be known as the profit margin per product.

Note that the product margin is one that tend to depict the amount of the product that one tend to sells for above the cost of making or producing a given product.

therefore, based on the above, In activity-based costing, Product margins are different from those calculated using traditional costing.

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2 years ago

L Brands, which owns Victoria’s Secret, had to decide what to do with the struggling division. The decision executives at L Bran

Troyanec [42]

Answer:Non- Programmed Decision

Explanation:

In deciding who to hire, L Brands executives had to consider multiple options, which made the decision poorly defined.

So also, the decision had huge important consequences for the company: Picking the wrong CEO could be very costly and may lead to it winding up.

3 0

3 years ago

Which type of accounting information is intended to satisfy the needs of external users of accounting information

hoa [83]

The type of accounting information intended to satisfy the needs of external users of accounting information is the Financial accounting.

<h3>Financial accounting</h3>

Financial accounting is the field of accounting concerned with the summary, and reporting of transactions related to a business.

In comparison with other fields, Managerial accounting includes accounting of cost, and intended for the use of internal users of the business.

Tax accounting is specifically intended for tax.

Therefore, it is financial accounting that is intended to satisfy needs of external users in a business.

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2 years ago

Cabal Products is a division of a major corporation. Last year the division had total sales of $11,650,000, net operating income

Snezhnost [94]

Answer:

Hence, The division's return on investment (ROI) is closest to 32.7%

Explanation:

Return on Investment : It show a ratio between net operating income and average operating assets so that company get to know how much the return is available during a period.

The formula to compute return on investment is shown below:

= Net operating income ÷ Average operating assets

= $1,141,700 ÷ $3,495,000

= 32.7%

Since the total sales and require rate of return is irrelevant while computing the ROI. So, it would not be considered in computation part.

Hence, The division's return on investment (ROI) is closest to 32.7%

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3 years ago