Crawford Corporation incurred the following transactions.

1. Purchased raw materials on account $53,800.
2. Raw Materials of $36,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials.
3. Factory labor costs incurred were $61,900, of which $50,000 pertained to factory wages payable and $11,900 pertained to employer payroll taxes payable.
4. Time tickets indicated that $54,900 was direct labor and $7,000 was indirect labor.
5. Manufacturing overhead costs incurred on account were $82,300.
6. Depreciation on the company's office building was $9,000.
7. Manufacturing overhead was applied at the rate of 160% of direct labor cost.
8. Goods costing $96,600 were completed and transferred to finished goods.
9. Finished goods costing $79,400 to manufacture were sold on account for $106,800.

Required:
Journalize the transactions.

Answers

Answer 1

Answer:

Crawford Corporation

Journal Entries:

1. Debit Raw materials inventory $53,800

Credit Accounts payable $53,800

To record the purchase of raw materials on account.

2. Debit Work-in-Process $28,000

Debit Manufacturing overhead $8,500

Credit Raw materials inventory $36,500

To record the requisition of materials.

3. Debit Factory Wages $61,900

Credit Factory Wages Payable $50,000

Credit Employer Payroll Taxes Payable $11,900

To record the factory labor costs.

4. Debit Work-in-Process $54,900

Debit Manufacturing overhead $7,000

Credit Factory Wages $61,900

To record the direct and indirect labor costs.

5. Debit Manufacturing overheads $82,300

Credit Accounts payable $82,300

To record overheads incurred on account.

6. Debit Depreciation expense $9,000

Credit Accumulated depreciation -office building $9,000

To record depreciation expense.

7. Debit Work-in-Process $87,840

Credit Manufacturing overheads $87,840

To record overhead applied at the rate of 160% of direct labor cost.

8. Debit Finished Goods Inventory $96,600

Credit Work-in-Process $96,600

To record the transfer of goods to finished goods.

9. Debit Cost of Goods Sold $79,400

Credit Finished Goods Inventory $79,400

To record the cost of goods sold.

9. Debit Accounts Receivable $106,800

Credit Sales Revenue $106,800

To record the sale of goods on account.

Explanation:

Journal entries are used by Crawford Corporation to record its business transactions as they occur daily.  They are the first records of business transactions in the accounting books.  They show the accounts to be debited and the others to be credited.


Related Questions

You are giving your pitch and state that you'll get 30% of this new 1.3 billion market in 2 years. A member of the audience laughs. What did you just say your year two revenue would be? Yeah

Answers

Answer:390,000,000

Explanation: 30% of 1.3 billion

In the given situation, when it says 30% of 1.3 billion then it just say year of two revenue would be $ 390,000,000.

What do you understand by the revenue?

Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations.

While income or profit includes the costs incurred in generating revenue and reports net (not gross) results, revenue simply refers to the proceeds from sales.

Revenue (from the sale of goods or services) less operational expenses equals operating income.

Non-operating income is irregular or irregular money that comes from other sources (e.g., lawsuit proceeds).

Therefore, in the given situation, when it says 30% of 1.3 billion then it just say year of two revenue would be $ 390,000,000.

To know more about the revenue, visit:

https://brainly.com/question/8645356

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Beaverton Lumber purchased milling equipment for $43,000. In addition to the purchase price, Beaverton made the following expenditures: freight, $2,300; installation, $3,800; testing, $2,800; personal property tax on the equipment for the first year, $900. What is the initial cost of the equipment

Answers

Answer:

the initial cost of the equipment is $51,900

Explanation:

The computation of the initial cost of the equipment is as follows:

= Purchase price + freight + installation + testing

= $43,000 + $2,300 + $3,800 + $2,800

= $51,900

Hence, the initial cost of the equipment is $51,900

By applying the above formula we can easily calculate it

Otto and Monica are married taxpayers who file a joint tax return. For the current tax year, they have AGI of $80,300. They have excess depreciation on real estate of $67,500, which must be added back to AGI to arrive at AMTI. The amount of their mortgage interest expense for the year was $25,000, and they made charitable contributions of $7,500. They have no other itemized deductions. If Otto and Monica's taxable income for the current year is $39,700, determine the amount of their AMTI.

Answers

Answer:

$115,300

Explanation:

Calculation to determine the amount of their AMTI.

AGI $80,300

Add Depreciation on real estate $67,500

Less Mortgage interest expense ($25,000)

Less Charitable contributions ($7,500)

AMTI $115,300

(80,300 + 67,500 - 25,000 - 7,500)

Therefore the amount of their AMTI will be $115,300

On December 31, 2018, Wellstone Company reported net income of $73,000 and sales of $202,000. The company also reported beginning and ending accounts receivable at $16,500 and $27,500, respectively. Wellstone will report cash collected from customers in its 2018 statement of cash flows (direct method) in the amount of:

Answers

Answer:

$191,000.00

Explanation:

The cash amount of cash collected from customers is the amount of sales revenue in the year 2018 adjusted for changes in accounts receivable balances as shown by the formula below:

cash collected from customers=sales revenue+begining accounts receivable-ending accounts receivable

sales revenue=$202,000

the begining accounts receivable=$16,500

the ending accounts receivable=$27,500

It is expected that cash received would be sales less the increase in accounts receivable

cash collected from customers=$202,000+$16,500-$27,500

cash collected from customers=$191,000.00

Nicholas wants a new cell phone. Rather than waiting until payday, he decides to get a payday loan of $200. He promises to repay the loan on payday plus a $20 fee. The loan company explains that if he is unable to pay the loan by this date, they will give him an extension and only charge an additional $20. The day before he is to repay the loan, a pipe in his bathroom breaks. Since he had to pay for the plumbing repair he cannot repay the loan. It takes Nicholas 8 weeks to repay the original $200 he borrowed. His total repayment was $280. How could Nicholas have avoided the high fees he was now required to pay?

Answers

It's my first night out with you

So treat me and buy me shoes

I wanna be your fantasy prey for me

I wanna be your girl wanna be your girl (wanna be your) just give me some time ill be ready

At the beginning of 2018, Artichoke Academy reported a balance in common stock of $168,000 and a balance in retained earnings of $68,000. During the year, the company issued additional shares of stock for $58,000, earned net income of $48,000, and paid dividends of $11,800. In addition, the company reported balances for the following assets and liabilities on December 31.
Assets Liabilities
Cash $ 54,400 Accounts payable $ 15,600
Supplies 12,700 Utilities payable 6,000
Prepaid rent 33,000 Salaries payable 5,300
Land 290,000 Notes payable 33,000
Required:
1. Prepare a statement of stockholders’ equity.
2. Prepare a balance sheet.

Answers

Answer:

increase in retained earnings = $48,000 - $11,800 = $36,200

increase in common stock = $58,000

Balance sheet

Assets:

Assets  

Cash $54,400  

Supplies $12,700  

Prepaid rent $33,000  

Land $290,000

Total assets                                                     $390,100

Liabilities

Accounts payable $15,600

Utilities payable $6,000

Salaries payable $5,300

Notes payable $33,000

Total liabilities                              $59,900

Equity

Common stock $226,000

Retained earnings $104,200

Total equity                                $330,200

Total liabilities + equity                                   $390,100

Statement of stockholders' equity

Common stock balance Jan. 2018              $168,000

Retained earnings balance Jan. 2018          $68,000

Net income                                                    $58,000

Sub-total                                                       $294,000

Common stocks issued                                $58,000

Distributed dividends                                    ($11,800)

Subtotal                                                        $330,200

Common stock balance Dec. 2018           $226,000

Retained earnings balance Dec. 2018      $104,200                      

Using the earliest due date (EDD) rule, the average flow time for the five jobs is _____.

a. more than 10 but less than or equal to 20 days
b. more than 20 but less than or equal to 30 days
c. more than 30 but less than or equal to 40 days
d. more than 40 days

Answers

Answer:

a. more than 10 but less than or equal to 20 days

Explanation:

The earliest due date is most popularly known as the EDD rule in the industry. It is defined as the rule that gives the job with an earliest due date which is based on the assigned due dates to the highest priority. These rules are applied by the workers who specializes in the low volume production to medium volume production. It also utilizes batch processes or job processes.

Using the EDD or earliest due date rule, an average flow time for 5 jobs should be more  than ten days but it should be less than twenty days or equal to twenty days.

The Treasury department issued a 10-year bond on January 1, 2015. The par value is $1,000 and the annual coupon rate is 10%. The bond pays two coupons every year, one at the end of June and one at the end of December. The required annual yield is 8%. An investor bought the bond on March 31, 2015. What is the price that he should pay for the bond

Answers

Answer:

$1,135.90

Explanation:

The bond price formula is given below, the formula implies that the price of the bond is the present value of future cash flows which are the semiannual coupons and the face value

Bond price=face value/(1+r)^n+semiannual coupon*(1-(1+r)^-n/r

face value=$1,000

r= semiannual yield to maturity=8%*6/12=4%

n=number of semiannual coupons in 10 years=10*2=20

semiannual coupon=face value*coupon rate*6/12=$1,000*10%*6/12=$50

bond price=$1,000/(1+4%)^20+$50*(1-(1+4%)^-20/4%

bond price=$1000/(1.04)^20+$50*(1-(1.04)^-20/0.04

bond price=$1000/2.191123143 +$50*(1-0.456386946 )/0.04

bond price=$1000/2.191123143 +$50*0.543613054/0.04

bond price= $456.38  +$679.52  

= $1,135.90  

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 330,000 Permanent difference (15,800 ) 314,200 Temporary difference-depreciation (20,900 ) Taxable income $ 293,300 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its deferred income tax liability as of the end of its first year of operations?

Answers

Answer:

$5,225

Explanation:

Calculation for What should Tringali report as its deferred income tax liability as of the end of its first year of operations

Using this formula

Deferred income tax liability=Temporary difference-depreciation*Tringali's tax rate

Let plug in the formula

Deferred income tax liability= $20,900 * 25%.

Deferred income tax liability=$5,225

Therefore What Tringali should report as its deferred income tax liability as of the end of its first year of operations is $5,225

Initially, a reduction in export subsidies decreases net exports at any given real exchange rate, causing the demand for dollars in the foreign exchange market to decrease. This leads to a decrease in the real exchange rate, which, in turn, decreases imports to negate any decrease in exports, leaving the equilibrium quantity of net exports and the trade deficit unchanged at this point.

However, the reduction in expenditure on export subsidies _________the fiscal deficit, thereby _______public saving.

Answers

Answer:

Decreases; increasing

Explanation:

However, the reduction in expenditure on export subsidies decreases the fiscal deficit, thereby increasing public saving.

National savings refers to the sum of public and private savings. Public savings is the government budget balance. An increase in the balance or decrease in deficit implies the public savings increase and also increase in national savings. Then, the decrease in subsidy spending decreases government deficit and increases national savings and supply of loanable funds, so the loanable funds shift to the right.

Which of the following is the most effective means of assessing and validating policies, plans, procedures, training, equipment, assumptions, and interagency agreements?

a. emergency planning
b. plan review
c. interagency communication
d. exercises

Answers

Answer:

The most effective means of assessing and validating policies, plans, procedures, training, equipment, assumptions, and interagency agreements is:

b. plan review

Explanation:

A plan review, which is a project control measure, ensures that a project or an undertaking complies fully with the ground norms, rules, regulations, and initial agreements between contracting parties.  When the plan review is complete, the particular project can proceed for implementation.  Plan review also ensures that there are no unforeseen circumstances that could derail the implementation stage of the project.  It is at this important stage that the resources to be used are clearly and positively earmarked.  A plan review also offers the opportunity to ensure that the intended benefits will be realized after the project goes alive.

George Clausen (age 48) is employed by Kline Company and is paid a salary of $43,004. He has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions. Answer the following for Clausen:______.
a. What is the maximum that he can contribute into this retirement fund?
b. What would be the company's contribution? Round your answer to the nearest cent.
c. What would be his weekly take-home pay if he contributes the maximum allowed retirement contribution (married, 2 allowances, wage-bracket method, and a 2.3% state income tax on total wages)? Round your calculations and answer to the nearest cent.
d. What would be his weekly take-home pay without the retirement contribution deduction? Round your calculations and answer to the nearest cent.

Answers

Answer:

a. As per the relevant provisions of IRS, the maximum amount of contribution that can be made to Simple Retirement Account (IRA form) for the year 2016 by an employee is $12,500

b. The maximum amount of contribution that can be made to the Simple Retirement Account according to the provisions of IRS (2016) by the company is 3% of total compensation earned by the employee. So the total amount of company's contribution would be $1290.12 ($43,004*3%).

c.  Weekly Pay (43,004/52)                             827

Less: Weekly Retirement Contribution         240.38 (12,500/52)  

Weekly Wages                                                586.62

Less

FICA Tax (827*6.2% + 827*1.45%)                 63.2655

Federal Income Tax (Refer to Weekly           58

Wage Table for Married Persons, Column

for 2 Allowances)

State Income Tax (827*2.3%)                          19.021

Weekly Take Home Pay                                 $446.33

d. Weekly Pay (43,004/52)                            827

Less: FICA Tax (827*6.2% + 827*1.45%)       63.2655

Federal Income Tax (Refer to Weekly          58

Wage Table for Married Persons,

Column for 2 Allowances)  

State Income Tax (827*2.3%)                         19.021

Weekly Take Home Pay                                 $686.71

Which of the following would not be (True) in the event that a newly admitted partner pays more than book value for his/her investment in a partnership?

a. Assign a bonus to the prior partners
b. Record unrecognized goodwill and allocate it to the prior partners
c. Record no revaluations, bonus, or goodwill
d. Revalue net assets up to market value and allocate to prior partners

Answers

Answer:

c. Record no revaluations, bonus, or goodwill

Explanation:

As new incoming partner is giving more than the investment required it means there is some goodwill or revaluations or bonus involved which requires to be treated in the books otherwise it will be assumed that accounts are not properly reported and capital accounts will not be justified. Third option says no revaluations, bonus or goodwill will be recorded which is wrong.

PLEASE GIVE ME AN EXPLANATION ON HOW TO DO THIS OR DO IT FOR ME I REALLY NEED THIS SO I CAN PASS
You will assist four of the affected patients or their family members with their concerns regarding the lack of heating, ventilation, and air
conditioning (HVAC) in the maternity ward.
• For each interaction, note the time, describe who is voicing a concern, what the problem is, and the approach you are taking to
assist the customer. Be sure to include in the interaction any source of conflict, and the ultimate resolution.
• You may describe each encounter by writing in a short paragraph format, covering all points of the interaction. Or, you may
describe by using dialogue parts, as you would find in a play.

Answers

Answer:

hii can we be friends

अनुपात के लिए प्रतिशत कैसे प्राप्त करें

अनुपात अक्सर एम: एन या एम / एन के रूप में व्यक्त किए जाते हैं। अनुपात को प्रतिशत के रूप में परिवर्तित करने के लिए, केवल m को n से विभाजित करें और फिर परिणाम को 100 से गुणा करें।

अनुपात को प्रतिशत में बदलने के लिए कदम

रूपांतरण में तीन सरल चरण होते हैं:

चरण 1: पहली संख्या को दूसरी संख्या से विभाजित करें

चरण 2: प्रतिशत में बदलने के लिए 100 से गुणा करें

चरण 3: प्रतिशत प्रतीक जोड़ें (%)

उदाहरण के लिए , यदि अनुपात 12: 4 है, तो इसे प्रपत्र 12/4 में बदल दें, जो एक समीकरण है जिसे हम हल कर सकते हैं। उसके बाद, प्रतिशत प्राप्त करने के लिए परिणाम को 100 से गुणा करें।

12 3 4 = 3

3 × 100 = 300%

अनुपात के लिए प्रतिशत को हल करने के लिए समीकरण

Write an long letter to your friend requesting her to visit Nepal.​

Answers

Answer:

Dear sarah

I am glad and excited as I knew that you want to visit some Asian countries in your upcoming holiday period. I humbly request you and your family to visit my country Nepal.

Explanation:

As you probably know, Nepal is small landlocked yet naturally beautiful country which is abode of the highest peak in the Earth, Mt. Everest, including other seven highest mountains. As spring season has just started, it is best time to capture glimpse of its natural amenities. I am telling you, you should not forget to visit Patan Durbar Square, which makes you spellbound at its historic and artistic hand made sculpture, statue and temples. Moreover, capital city Kathmandu is best known as City of Temples in the world with many famous world heritage sites such as Pashupatinath and Swoyambhunath. Last but not the least, in any attempt you should enjoy Sauraha Jungle Safari with exciting and memorable Elephant Polo.

Climate nowadays is ostensibly fairly good so if possible try to bring loose garments. But if you wish to go for trekking and climb mountains bring thick wind proof warm clothes with high rise sole shoes. Furthermore, if you are sick of high altitudes and low pressure bring doctor prescribed medicines as well. A big map of Nepal will be helpful for guiding you without rambling.

Convey my warm greetings to your family.

Should you have any queries do not hesitate to write to me.

yours

lean

Which description applies to the middle class in American society?
A. They tend to lack a high school education.
B. They tend to live off wealth that their parents accumulated.
C. They tend to live comfortably as long as they have jobs.
D. They tend to live without the means to find shelter.

Answers

Answer:

(C).They tend to live comfortably as long as they have jobs

Answer:

C. "They tend to live comfortably as long as they have jobs."

Please help me with this accounting question

How can a business entity have controlling interest of another business entity when it does not own over 50% of the parent company ordinary share capital?

Answers

Answer:

Shareholders that have a controlling interest often are able to direct the course of at least 50% of the outstanding shares of a given company plus one person or group owns a significant portion of it's voting shares, as not every deal that continues to give them majority voting power over the new entity.

Explanation:

I majored in Business

Which attribute of a photographer will a portfolio convey?

A.diplomacy
B.versatility
c.generosity
D.sincerity

Answers

I think the answer is either option B or option D

Answer:

The answer is B. versatility.

Explanation:

I took the test on Edmentum and got it right.

When your local Internet service provider increased its monthly charge from $40 to $50, the number of subscribers fell from 2,000 to 1,800. Demand will:_________

Answers

Answer: Inelastic

Explanation:

Based on the information given, we would calculate the elasticity of demand which would be:

= (Change in Quantity / Change in Price) (Initial Price/ Initial Quantity)

Change in Quantity = 1800 - 2000 = -200

Change in Price = 50 - 40 = 10

Initial Price = 40

Initial Quantity = 2000

Elasticity of demand would then be:

= (-200/10)(40/2000)

= (-20)(0.02)

= -0.4

Since elasticity of demand is less than 1, it is an inelastic demand.

A company's written promise to pay (in the form of a promissory note) a future amount is a(n):
Multiple Choice
Unearned revenue.
Prepaid expense
Credit account
Note payable.
Account receivable.

Answers

The answer is Credit account

Based on accounting principles, a company's written promise to pay a future amount is known as "Note payable."

This is because a Note Payable is a term that describes a financing tool or tender used by one party to depict his promises in writing to pay a specific amount of money to the other.

A note payable is often written with a defined date, which may be determined by the receiver of the debt payment on agreed terms.

Hence, in this case, it is concluded the correct answer is option D. "note payable."

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Concord Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock.

Feb. 1 Issued 52,500 shares for cash at $53 per share.
July 1 Issued 70,000 shares for cash at $59 per share.

Required:
Journalize the transactions.

Answers

Answer:

FEB 1

Dr Cash $2,782,500

Cr Preferred stock $2,625,000

Cr APIC $157,500

JUL 1

Dr Cash $3,710,000

Cr Preferred stock $3,500,000

Cr APIC $210,000

Explanation:

Preparation of the journal entries

FEB 1

Dr Cash $2,782,500

(52,500 shares* $53 per shares)

Cr Preferred stock $2,625,000

(52,500 shares*$50per shares)

Cr APIC $157,500

($2,782,500-$2,625,000)

JUL 1

Dr Cash $3,710,000

(70,000 shares* $53 per shares)

Cr Preferred stock $3,500,000

(70,000 shares*$50per shares)

Cr APIC $210,000

($3,710,000-$3,500,000)

The company's adjusted trial balance includes the following account balances cash is 15000 equipment is 85000 accumulated depreciation is 25,000 accounts payable is 10,000 retained earnings is 59,000 dividends is 2,000 fees earned is 56000 depreciation expense is $25,000 in salaries expenses 23,000 all accounts have normal balances

Answers

Answer and Explanation:

The closing entries for the following accounts are:

1. Fees earned A/c Dr $56,000

     To Income Summary $56,000

(To record the closing of the revenue account)

2. Income summary A/c Dr $48,000

      To Depreciation Expense $25,000

     To Salaries Expense $23,000

(To record the closing of the expenses accounts)

3. Income summary A/c Dr $8,000 ($56,000 - $48,000)

           To Retained earning $8,000

(To record the difference i.e. credited to retained earning)

4. Retained earnings A/c Dr $2,000

                 To Dividend A/c $2,000

(To record the closing of the dividend account)

please pasagot ang
hirap kasi ​

Answers

Answer:

1)32/100×10000

=3200

2)13/100×10000

=1300

3)15/100×10000

=1500

4)3/100×10000

=300

5)4/100×10000

=400

6)12/100×10000

=1200

7)5/100×10000

=500

8)2/100×10000

=200

9)14/100×10000

=1400

the total amount is 3200+1300+1500×300+400+1200+500+200+1400

=10000

is this the way...I am sorry if it is wrong...was just giving it a try..

The following information describes a company’s usage of direct labor in a recent period. The total direct labor cost variance is:

Actual hours used 45,000
Actual rate per hour $15.00
Standard rate per hour $14.50
Standard hours for units produced 47,000

a. $22,500 unfavorable.
b. $22,500 favorable.
c. $6,500 favorable.
d. $29,000 favorable.
e. $6,500 unfavorable.

Answers

Answer:

Direct labor rate variance= $22,500 unfavorable

Explanation:

Giving the following information:

Actual hours used 45,000

Actual rate per hour $15.00

Standard rate per hour $14.50

To calculate the direct labor cost (rate) variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (14.5 - 15)*45,000

Direct labor rate variance= $22,500 unfavorable

Department S had no work in process at the beginning of the period. It added 10,000 units of direct materials during the period at a cost of $70,000; 7,500 units were completed during the period; and 2,500 units were 38% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $59,600 and factory overhead was $8,900. The total cost of units completed during the period were:______.
a. $133,784.
b. $111,487.
c. $102,285.
d. $52,500.

Answers

Answer:

Department S

The total cost of units completed during the period were:______.

= $113,325

Explanation:

a) Data and Calculations:

Units started during the period = 10,000

Material cost of units started = $70,000

Units completed = 7,500 units

Units in ending WIP = 2,500 units

Equivalent units:                 Materials      Conversion

Started and completed       7,500             7,500

Ending WIp                          2,500                950 (2,500 * 38%)

Total equivalent units       10,000              8,450

Cost of production:     Materials      Conversion    Total

Units started               $70,000       $68,500      $138,500

Equivalent units            10,000             8,450

Cost per equivalent     $7.00               $8.11

Cost of units completed:

Materials    $52,500 (7,500 * $7)

Conversion  60,825 (7,500 * $8.11)

Total costs $113,325

Federally chartered banks and credit unions are run like businesses that make a profit.
True
False

Answers

Answer:

False.

Explanation:

A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

Hence, federally chartered banks and credit unions are not run like businesses that are a profit i.e they are a non-profit business.

How do marginal costs
and benefits relate to trade-offs?

Answers

Answer:

A trade-off is the actual alternative option that is given up, while the value of this alternative option is the opportunity cost. ... Marginal cost is the cost of using one more unit of a good or service, and marginal benefit is the benefit or satisfaction received from using one more unit of a good or service.

Explanation:

A bank system contains data on customers (identified by name and address) and their accounts. Each account has a balance and there are 2 type of accounts: one for savings which offers an interest rate, the other for investments, used to buy stocks.

a. True
b. False

Answers

Answer:

a. True

Explanation:

The system of the bank contains the customers data i.e. name and the address by which they could be identified also their accounts are identified. Each and every account has the balance option also it involved two types of accounts i.e. saving that provides the rate of interest and the other one is for investment that used to purchase the stocks

Hence, the given statement is true

4. a. Define in personam jurisdiction.
b. Define and explain the application of a "long arm" statute.

Answers

Explanation:

Personam jurisdiction

In the authority of an individual, jurisdiction over even a specific person alluded to. In particular, if heard before a criminal court, which court was allowed to decide on any case by which it had otherwise authority.

"long arm" statute

A long-arm legislation is a law that permits a judge, on the grounds of some of these crimes undertaken by an other in offender, to seek legal authority over an other in defendant, such that the plaintiff has an adequate relationship with the prosecution.

which of the following is an appropriate solution to an overspending allowance?
A. Keep spending money until it is appropriate to write a new budget at the beginning of the month.
B. Borrow money.
C. Find other places in the budget where money can be re-purposed.
D. Remember that over the course of a year everything will balance out.

Answers

Answer:

a

Explanation:

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