Answer:
An overall balance. This might be positive (if the customer owes you money), negative (if you own them money), or at 0 (if all payments have been settled).
A date range. You might create an account statement that covers a specific month, year, or quarter – or you might want to show every single transaction between you and your customer. Either way, the dates should be clear.
Every transaction made within the specified date range, including sales (paid upfront or on credit), payments, and refunds. You should list the date and value of each transaction.
Document numbers to support each transaction. This might include the numbers from invoices, credit notes, or payment receipts.
Contact details for you and your customer – including company name, address, phone number, or email address.
A currency. This is particularly important if you have customers abroad. Even if you have transactions in multiple currencies, an account statement should only be in one.
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Which of the following is true of an unsecured loan?
A. They are exclusively for cars, houses, and other large purchases
B. Collateral could be collected by the lender if the debt is not paid
C. They never have any interest added onto them
D. Items of value that the borrowers owns are not at risk of repossession
Answer:
B
Explanation:
The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.
The unsecured loan is the type of loan in which there is no need for any type of collateral property.
The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.
Examples are:
Personal loans.Students loans.Credit cards.The following information related to unsecured loans is
It does not for cars, houses, or any other large purchasesIn this, the collateral does not involve.It contains high interest.Therefore we can conclude that, option d is correct.
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An income statement shows the
production of capital. Which of the
following questions would an
income statement answer?
A. What are our expenses?
B. What are we spending our money on?
C. Where are we getting our money?
D. When will the money arrive?
Answer:b
Explanation:
Rumba Dance Hall has offered to buy from Muy Bueno Bakery 100 of its chocolate cakes for $26 each. No variable selling costs would need to be paid, but special packaging of $140 will have to be added. Normally, Muy Bueno sells its cakes at $36 each. Its costs per cake are materials, $11; direct labor, $8; variable factory overhead, $2; fixed factory overhead, $3; and variable selling costs, $3. How much differential profit or loss will Muy Bueno make if it accepts this offer
Answer:
differential profit = $360
Explanation:
total variable production costs:
materials $11 x 100 = $1,100
direct labor $8 x 100 = $800
variable overhead $2 x 100 = $200
total = $2,100
+
special packaging $140
= total costs $2,240
differential profit = $2,600 - $2,240 = $360
does 1 plus 1 = 65 yes or no
Answer:
No 1 + 1 = 2
Explanation:
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In which categories did the Chung’s expenditures exceed the amount they had budgeted?
Answer:
There were four major expense categories in which a significant spending variance occurred through the third quarter in the Ongoing Operations component of the 2007 Corporate Operating Budget: Outside Services-Personnel expenditures were $28 million, or 21 percent, less than budgeted.
Explanation:
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name 5 things that being a doctor requires
Why principle of indemnity not applies in life insurance?
Explanation:
The principle of indemnity is not applicable to life insurance because the insurer may pay any amount but the insured cannot be brought back to the same state. Also, the loss of a life is not measurable and no money can indemnify the loss of a life.
Please help--
Spending that is based on the purchase decisions you make that can vary from month to month is a ___
You are contemplating adding direct selling activities to your existing bricks-and-mortar retail business to increase sales. You are concerned, however, that the negative aspects of direct selling outweigh the positive. Which of the following is a negative aspect of direct selling that you must mitigate in some way to be successful? a. Customers get personal attention. b. Products are presented at convenient locations for customers. c. Products are presented at convenient times for customers. d. Direct selling is a less expensive form of retailing.
Answer: It may be more expensive and time-consuming than using an intermediary
Explanation:
Direct sales activities could be described as a firm using individuals to sell their product at the location of the customer's. The sales person would take the product to both prospective and already existing customers and tilt a way to sell the product. One of the things to consider in business is how to cut cost of doing business and still being able to deliver. Using direct sales method would actually work but would be expensive engaging those who would carry out the job whom you will place on salaries.
A no-frills account often has no fees.
A. True
B. False
False.
Explanation:
in addition to the service charges applicable to the no frills account was substantially lower than that of the regular savings accounts as a result the zero balance requirement that most banks offered,the account became commonly known as ZERO BALANCE ACCOUNT.
Accounts receivable are money that is owed a company for products that have been sold on credit.
a - True
b - False
Answer:
a - true
Explanation:
what is the answer please
Answer: True
Explanation: I did the test
Select the correct answer.
Knight is the head of a country that plans to join the eurozone. Which of these can he expect if he decides to join?
A.
exchange rate variations
B.
improved ability to handle bad debt situations
C.
attraction for investors from outside the EU
D.
variations in pricing of goods and services
Answer:
Explanation:
variations in pricing of goods and services
You are employed by a bank with the title financial adviser. In your capacity at the bank, you are required to hold a general securities registration in order to provide information on securities and to process orders. Your sponsoring broker-dealer is an affiliated firm owned by the bank holding company that also owns the bank you work for. A client comes to the bank seeking advice on certificates of deposit offered by the bank as well as mutual fund investments. Under the Uniform Securities Act, which of the following choices BEST describes what you are allowed to do when giving advice to the client?
- You are not allowed to advise the client since the bank is not an investment adviser
- You may give the client advice since the broker-dealer and the bank are excluded from the definition of an investment adviser
- You may give the client advice only on the mutual funds since certificates of deposit are governed by banking rules and you are registered with a broker-dealer
- You may not give advice on the certificates of deposit since the bank is not a registered investment adviser
Answer:
- You may give the client advice since the broker-dealer and the bank are excluded from the definition of an investment adviser
Explanation:
According to the uniform securities act, the following describes that you are permitted to do at the time when you are giving suggestions to the client
As we know that the broker or dealer as the case may be & the bank would not be included in the investment advisor definition
iSo the same would be considered for the given situation
Hence, the second option is correct
Which of the following could be considered collateral for a loan? (Select all that apply.)
A. buildings
B. inventory
C. machinery
D. wages
Option B: inventory
Collateral is simply an asset, such as a car or home, that a borrower offers up as a way to qualify for a particular loan. collateral can make a lender more comfortable extending the loan since it protects their financial stake if the borrower ultimately fails to repay the loan in full.
The biggest risk of a pawn loan is that you can lose your assets if you don't repay the loan. it's especially dangerous if you back your loan with a very valuable asset like your home. It requires you to have valuable assets.
many banks and credit unions offer savings accounts, certificates of deposit (CD) funds, or secured personal loans, which are personal loans secured by your car. for this reason, these loans are sometimes referred to as mortgages. often there is no limit to these types of credits.
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what are important of storing
Answer:
I'm sorry, but the way you worded this is impossible to understand. SO therefore, I cannot answer your question.
Explanation:
Which of the following is a true statement?
A
If your credit score is high, you won't have to repay money you owe.
B
You can access your credit report for free once every month.
C
A landlord can access your credit report to decide if you are financially responsible.
D
Your credit score can never increase, only decrease.
Answer:
c good luck with the answer
Predict Consequences When the economy is
expanding, which of the following is a business
MOST likely to do?
A. close its international branches
B. lay off employees
C. invest in new equipment
D. cancel new product development
The correct option is C.
When the economy is expanding, the business invests in new equipment.
What happens during an expansion in the economy?Expansion, in economics, is an upward trend in the business cycle, characterized by an increase in production and employment, which in turn causes an increase in the incomes and spending of households and businesses.
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from 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8 if a dozen tangerines cost 0.31 in 1960 and the price of tangerines increase at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970
Answer: $0.41
Explanation:
A consumer price index measures the average price changes of goods that are bought by people in an economy. It shows the level of inflation in an economy.
To calculate the cost of a dozen tangerines in 1970we have to know the percentage increase in price index from 1960 to 1970 and this will be:
= [(38.8 – 29.6) / 29.6] × 100%
= (9.2 / 29.6) × 100%
= 31.08%
Let's represent the price of a dozen tangerines in 1970 by X and solve. This will be:
31.08 = (X - 0.31) × 100 / 0.31
Cross multiply
(31.08 × 0.31) = 100X - 31
9.6348 = 100X - 31
100X = 9.6348 + 31
100X = 40.6348
X = 40.6348 / 100
X = 0.46348
X = 0.41
Therefore, the cost of a dozen tangerines in 1970 is $0.41
___Information pertains to the problem and hand
A) accurate
B) complete
C) relevant
D) timely
Clarity the similarities and differences
between plough and tractor.
Answer:
Explanation:
1. Plough is a local technology whereas Tractor is a modern technology.
2. Plough requires human energy whereas Tractor does not require much human energy.
3. Plough doesn’t affect the environment whereas Tractor affects the environment.
4. Lever technology is used in Plough whereas Rolling technology is used in Tractor.
5. Plough requires or consumes more time whereas Tractor consumes less time.
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Gemma and Li are both managers at Yang Accounting, a large accounting firm. Each has a very different management style. Gemma is very outgoing and constantly checking on her subordinates to see if there is any way she can help them to complete their projects. She also brings in fresh flowers for the lunchroom weekly and always remembers everyone's birthday. Li is much more introverted and communicates with his subordinates mainly through email, and he has his subordinates submit daily reports on their progress toward the weekly goals he has assigned them.
A. transformational leader
B. path-goal leader
C. task-oriented leader
D. servant leader
E. people-oriented leader
Answer:
Gemma is a people oriented leader whereas Li is a task oriented leader.
Explanation:
Gemma is good with people and the Human resources. He shows empathy towards each employee of the company by helping them and being there with them when they have any doubts or clarifications in the projects.
Li is professional. spends time to himself and cares more about the outcome of their employees work.
Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. Which of the following statements is true? Alpha should export to Beta, but Beta should not export to Alpha. Since Alpha has an absolute advantage in both goods, no mutual gains from trade are possible. If Alpha specializes in growing oranges and Beta specializes in growing apples, they could both gain by specialization and trade. If Alpha specializes in growing apples and Beta specializes in growing oranges, they could both gain by specialization and trade.
Answer:
If Alpha specializes in growing apples and Beta specializes in growing oranges, they could both gain by specialization and trade.
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. A country should specialise in the production of goods for which it has a comparative advantage
Alpha
Opportunity cost in producing oranges = 9/18 = 0.5 apples
Opportunity cost in producing applies = 18/9 = 2 oranges
Beta
Opportunity cost in producing oranges = 4 / 16 = 0.25
Opportunity cost in producing applies = 16/4 = 4 oranges
Alpha has an opportunity cost in the production of apples while beta has a comparative advantage in the production of oranges
Alpha should specialise in the production of apples
Beta should specialise in the production of oranges
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Answer:
the supply curve shifts to the left
Explanation:
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What advantage is there for a company to offer products at prices below actual market value? Multiple choice question. It maximizes profits for the company under any market conditions. It keeps the level of production low so the company will not be overwhelmed with orders. It circumvents the experience curve effect. Customers are more likely to try the product because they are not risking as much money.
Answer: Customers are more likely to try the product because they are not risking as much money.
Explanation:
Many market have competition, despite customers want the best for their money, they still want the best various prices especially that which is a bit lower, so they know they are not spending much but also getting the best. Some organization would want to sail their market either when entering the market or when they are experiencing a low sales, they now consider reducing the price of their items, in this case, customers would consider them because they are not spending much money
Question 2 (1 point)
Who benefits from a low interest rate? (Select the best answer.)
♡
The investor
The borrower
The lender
The credit card company
Answer: The borrower
Explanation:
Answer: The borrower
Explanation:
He is sincere change into Negative plssss
He is not sincere.
This is the negative form of the sentence.
A mismatch between foreign currency denominated net assets and net liabilities Multiple Choice can be eliminated by constructing a balance sheet hedge. can be eliminated by multiplying the foreign currency value of the asset by the spot exchange rate. can be eliminated by undertaking accounting changes to eliminate translation exposure. none of the options
Answer:
can be eliminated by constructing a balance sheet hedge.
Explanation:
The mismatch could be occurred at the time when the foreign currency and net liabilities would be removed by preparing a hedge of the balance sheet
So according to the given options, the first option is correct as it represent the mismatch situation
So the rest of the options would be considered wrong as they are not related with the mismatch criteria
You're the production manager for a company that manufactures clothing, and you oversee activities in a wide range of departments from cutting and stitching to warehousing and shipping. Maintaining a steady flow of goods through production is essential, so if you could employ any supply chain management system to make your job easier, which of the following would you choose? Group of answer choices RFID, a tool that requires placing a tiny tracking chip on all materials ERP, an integrated software that consolidates sequencing and scheduling data from all units Logistical cost control, a method of evaluating how to add value for your customers through logistical changes Value chain management, a means of managing the complete sequence of suppliers and activities that contribute to the creation and delivery of goods
Answer: ERP, an integrated software that consolidates sequencing and scheduling data from all units
Explanation:
With regards to the information given, the supply chain management system to be employed in order to make the job easier is the Enterprise Resource Planning (ERP).
The Enterprise Resource Planning us the software that is used in the planning and managing of every supply chain, financial, manufacturing, and every other organizational process.
Therefore, the ERP is vital as it'll help in the consolidation, the sequencing and the scheduling data from all units
Suppose the skills needed to perform the work in the two industries are identical, and the supply of labor to the two industries is fixed at 6,000 workers per day. What will be the equilibrium wage, and how many workers will work in each industry?
Answer and Explanation:
The computation of the equilibrium wages and the number of workers in each industry is as follows:
Since the supply of labor is 6,000
As per the attached graph, the common rate is $8 per hour so if we take 2000 workers in industry A and 4000 workers in industry b
So, the equilibrium wage would be $8
Hence, the same would be considered and relevant too
The City Parks and Recreation Dept. is planting 20 acres of
new park land. The department is renting a grass seed planter
for $17.50 per acre and a tractor for 3 days at $215 per day.
A 7% usage tax is charged. Find the total rental charge.
Answer:
$727.60
Explanation:
total rental charge = total cost of renting the grass seed planter + cost of renting the tractor + usage tax
total cost of renting the grass seed planter = $17.50 x 20 = $35
cost of renting the tractor = 3 x $215 = $645
total cost of renting = $645 + $35 = $680
Usage tax = 7% x $680
0.07 x $680 = $47.6
total rental charge = $680 + $47.60 = $727.60