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2 years ago

Why is it important to know that it will take 4-6 business days to process your payment request?

Business

1 answer:

Drupady [299]2 years ago

4 0

The process of Automated Clearing House make it take up to 4-6 business days to process payment request.

The payment request is a process initiated by the creditor and it is majorly based on website platform such as P.aypal, P.ayoneer etc.

Usually, when a payment request is initiated, a process called Automated Clearing House (ACH) is used by the financial institution to help transfer money to respective account of potential receivers.

However, the Automated Clearing House process can take up to 3,4, or 5 business days before the account will be credited even after the sender account have been debited.

Learn more about this here

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g For this question, ignore inflation. Suppose Jenny earns $60,000 per year working as a tax analyst. After ten years, she quits

arsen [322]

Answer:

If Jenny doesn’t earn any interest on her savings and wants to perfectly smooth consumption across her life, how much will she consume every year?

Jenny's total income during her life = income as tax analyst ($60,000 x 10) + income as PhD student ($12,000 x 5) + income as Art Director (35 x $95,000) = $3,985,000

she generated income during 50 years and expects to live 20 more, so in order to perfectly smooth consumption across her life, she must divide her total life income by 70 years = $3,985,000 / 70 years = $56,928.57 per year

What might prevent her from perfectly smoothing consumption?

First of all, besides inflation, you also earn interest on your savings. That is why 401k and other retirement accounts work so well (the magic of compound interest). Even if inflation and interests didn't exist, you cannot know exactly what you are going to earn in the future and for how many years. In this case, she earned $60,000 for 10 years, but then earned only $12,000 during 5 years. If she really wanted to smooth her consumption, she would have needed to get a loan because her savings during the first 10 years wouldn't be enough.

4 0

2 years ago

Variable Costing—Production Exceeds Sales Fixed manufacturing costs are $44 per unit, and variable manufacturing costs are $100

Soloha48 [4]

Answer:

a. The variable costing operating income is less than absorption costing operating income.

b. The difference in variable costing and absorption costing operating income is:

= $739,200.

Explanation:

a) Data and Calculations:

Fixed manufacturing costs per unit = $44

Variable manufacturing costs per unit = $100

Production units = 67,200

Sales units = 50,400

Ending inventory = 16,800

Income Statements Variable Absorption

Costing Costing

Costs of goods sold: $5,040,000 $7,257,600

Fixed expenses 2,956,800

Total costs $7,996,800 $7,257,600 $739,200

b) The difference in variable costing and absorption costing operating income is because of the absorbed fixed costs in ending inventory, which is now carried forward to the next accounting period.

4 0

2 years ago

A magazine publisher collects one year in advance for subscription revenue. In the year of providing the magazines to customers,

photoshop1234 [79]

Answer:

The correct answer is letter "B": A decrease in a deferred tax asset.

Explanation:

A Deferred Tax Asset is an asset on a balance sheet of a business that can be used to lower taxable income. It is the opposite of deferred tax liability that reflects something that will increase income taxes. Both are listed under current assets on the Balance Sheet.

The deferred tax asset will be generated when recorded income taxes owed are higher than the income taxes paid to the Government.

Thus, a decrease in deferred tax is recorded when a company has collected revenue in advance for a good not delivered or a service not rendered yet.

5 0

3 years ago

An all-equity firm has a return on assets of 15.3 percent. The firm is considering converting to a debt-equity ratio of 0.30. Th

Elina [12.6K]

Answer:

re 17.4600%

Explanation:

We will calculate using the Modigliani Miller proposition with no taxes to solve for the cost of equity of a levered firm

$r_e = r_u + (r_r - r_b) \frac{B}{S}\\where:\\r_e= $cost of equity\\r_b= $cost of debt\\r_u= $return on assets\\B/S = Debt to Equity$

We plus our values into the formula and solve

$r_e = 0.153+ (0.153 - 0.081)0.3$

re 17.4600%

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3 years ago

Which of the following rewards accrues to the factor of production called "capital"

siniylev [52]

Answer:

As factors of production, the reward for land is rent, capital is interest, labour is wages and salaries and entrepreneur is profit.

6 0

2 years ago