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Pavlova-9 [17]
3 years ago
12

The amount of checks that have been received and deposited but have not yet been made available to the account in which they wer

e deposited is the ____ float.
a. disbursement
b. net
c.collections
d. balance
e. deposit
Business
1 answer:
Vedmedyk [2.9K]3 years ago
7 0
Deposit? Maybe I’m maybe wrong
You might be interested in
The following information is taken from the records of Erie Corp.(in thousands) for the year ended on December 31: 2019 2018 Sal
den301095 [7]

Answer:

<u>Favourable Changes:</u>

Sales

Gross Profit

Operating Income

Interest Expense

Net Income

<u>Unfavourable Changes:</u>

Cost Of Sales  

Selling Expenses  

General Expenses

Other Revenue

Income Taxes

Explanation:

Observe Movement from 2018 results to 2019 results

                                        Erie Corp

                   Vertical Analysis of Income Statement

                                                                2019                    2018

Sales                                                        1,397                    1,122

Less Cost Of Sales                                   935                      814

Gross Profit                                               462                      308

<u>Less Operating Expenses</u>

Selling Expenses                                      154                       121

General Expenses                                     88                        77

Operating Income                                   220                       110

<u>Less Non- Operating Expenses</u>

Other Revenue                                            4                          7

Interest Expense                                         2                          9

Income Taxes                                           134                        66

Net Income                                                88                        42

8 0
2 years ago
Suppose at the going wage rate of $20 per hour, firms can hire as many hours of janitorial services as they desire. If any firm
Reika [66]

Answer:

d. Supply is perfectly elastic.

Explanation:

Perfectly elastic supply is when a change in price causes supply to fall to zero.

The supply curve is usually an horizontal line.

I hope my answer helps you

3 0
3 years ago
On october 31, 2009, sky co. borrowed $16 million cash and issued a 7-month, noninterest-bearing note. the loan was made by star
mash [69]

Answer: Sky's effective interest rate on this loan is 8.39%.

In this question, we assume that interest is compounded annually.

Since Sky issues a non-interest bearing note, Star Finance will deduct 7 months' interest at 8% on the Face Value of the loan and pay the rest as principal to Sky.

Face value of the note            $16 million

Discount Rate p.a                        8%  

Tenure of the note                    7 months

Discount on Note = Face Value * Discount Rate * \frac{Tenure in months}{Months in a year}

Discount on Note = 16 * 0.08 * \frac{7}{12}

Discount on Note = 0.746666667million

[tex]Loan Amount received by Sky = Face Value - Discount on note[/tex]

Loan Amount received by Sky = 16 - 0.746666667

Loan Amount received by Sky = 15.25333333 million

So, Sky pays an interest of 0.746666667 on a sum of 15.25333333  for 7 months. This works out to a seven month interest of:

Seven month Interest Rate = \frac{Interest}{Loan amount}

Seven month Interest Rate = \frac{0.746666667}{15.25333333}

Seven month Interest Rate = 0.048951049

From this we can work out the effective interest rate for Sky as follows:

Sky's Effective Interest Rate = Seven month interest rate * \frac{12}{7}

Sky's Effective Interest Rate = 0.048951049* \frac{12}{7}

Sky's Effective Interest Rate = 0.083916084

4 0
3 years ago
Which of the following statements about normal costing is not true? Group of answer choices Manufacturing overhead is allocated
Katena32 [7]

Answer:

Direct costs are traced using an actual rate, and indirect costs are allocated using a budgeted rate

Explanation:

Normal costing refers to the actual cost of direct materials, direct labor, and manufacturing overhead applied. This cost is calculated by using a predetermined annual overhead rate.

Direct costs are expenses involved in producing goods or providing services and indirect costs are general expenses that are involved in operating.

The statement about normal costing which is not true is ''Direct costs are traced using an actual rate, and indirect costs are allocated using a budgeted rate''

5 0
3 years ago
Men’s Wearhouse purchased black leather belts for $15.99 each and priced them to sell for $29.99 each. What was the markup on th
sukhopar [10]

Answer:

Mark-up percentage= 87.55%

Explanation:

Giving the following information:

Purchased price= $15.99

Selling price= $29.99

<u>To calculate the mak up percentage, we need to use the following formula:</u>

Mark-up percentage= [(selling price - purchase price)/purchase price]*100

Mark-up percentage= [(29.99 - 15.99)/15.99]*100

Mark-up percentage= 87.55%

7 0
2 years ago
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