answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kap26 [50]
1 year ago
5

Hannah accidentally overpaid her last credit card bill and has sent a written request for her bank to refund her difference. How

soon can she expect the refund?
A) 10 days
B) 5 to 10 days
C) 2 billing cycles 
D) 7 days
Business
2 answers:
poizon [28]1 year ago
3 0
The correct option is D.
When one overpaid her credit card bill and request for refund, the overpaid amount must be return unto her within seven business days. This is one of the rules that were put in place by Federal Reserve Board. The rule, which is also called Regulation Z requires all lenders to declare the terms of their loans.
kirza4 [7]1 year ago
3 0

Answer:

7 days --APEX

Explanation:

You might be interested in
Whitman Company has just completed its first year of operations. The company’s absorption costing income statement for the year
SSSSS [86.1K]

Answer:

1. Preparing Contribution Income statement

Sales = 40,000 units X $42.60 =                                                $1,704,000

Less: Variable Costs

Direct Material = $11 X 40,000 =                                 $440,000

Direct Labor = $3 X 40,000 =                                      $120,000

Variable Manufacturing Overhead = $3 X 40,000 = $120,000

Variable Selling Expenses = $4 X 40,000 =                $160,000

Total Variable Costs =                                                                    ($840,000)

Contribution Margin =                                                                      $864,000

Less: Fixed Costs

Selling & Administrative =                                           $300,000

Manufacturing Overheads =                                       $196,000

Total Fixed Cost =                                                                           ($496,000)

Net Operating Income =                                                                  $368,000

2. Now we have net income as per Contribution statement = $368,000 and net income as per Absorption Costing = $404,000

This difference is because of Fixed Manufacturing Overheads

Under Absorption costing Fixed Manufacturing Overheads charged = $196,000  ÷ 49,000 units = $4 per unit X 40,000 units = $160,000 whereas in contribution statement it is charged fully.

Under absorption costing even fixed costs are charged based on the number of units produced, whereas in income statement is it charged completely irrespective of the units produced as that value is fixed and cannot be avoided on per unit basis.

Difference = $404,000 - $368,000 = $36,000

Manufacturing cost for 9,000 units (49,000 - 40,000) = at the rate of $4 = $36,000

In case cost of fixed manufacturing overhead is reduced by $36,000 then profit will be increased to $368,000 + $36,000 = $404,000 same as of absorption costing.

7 0
1 year ago
Wolfpack Company is a merchandising company that is preparing a budget for the month of July. It has provided the following info
AlexFokin [52]

Answer:

Wolfpack Company

Balanced Budget Sheet as of July 1st:

Wolfpack Company

Balance Sheet  as of June 30

Assets

Cash                                                                   $ 92,500

Accounts receivable                                             63,000

Inventory                                                               22,000

Buildings and equipment, net of depreciation  147,000

Total assets                                                    $ 324,500

Liabilities and Stockholders’ Equity

Accounts payable                                            $ 36,800

Common stock                                                  100,000

Retained earnings                                             187,700

Total liabilities and stockholders’ equity     $ 324,500

Explanation:

a) Data

Wolfpack Company

Balance Sheet  as of June 30

Assets

Cash                                                                    $ 75,000

Accounts receivable                                             50,000

Inventory                                                               30,000

Buildings and equipment, net of depreciation 150,000

Total assets                                                    $ 305,000

Liabilities and Stockholders’ Equity

Accounts payable                                            $ 35,300

Common stock                                                 100,000

Retained earnings                                            169,700

Total liabilities and stockholders’ equity    $ 305,000

b) Accounts Receivable

Beginning balance = 50,000

Sales                          90,000

Cash receipts:

30%                           (27,000)

June balance           (50,000)   Total receipts = $77,000

Ending balance         63,000

30% receipts = $27,000 ($77,000 - 50,000)

Sales = $27,000/30% = $90,000

Ending balance = $63,000 ($90,000 x 70%)

c) Accounts Payable

Beginning balance         35,300

Purchases                      46,000

Payments:

20%                                 (9,200)

June balance                (35,300) Disbursement = $44,500

Ending balance (80%)   36,800

20% cash payment = $9,200 ($44,500 - 35,300)

Purchases = $46,000 (9,200/20%)

Ending balance = $36,800 ($46,000 x 80%)

d) Cost of goods sold:

Beginning Inventory     30,000

Purchases                     46,000

Available for sale          76,000

Ending inventory        (22,000)

Cost of goods sold      54,000

Depreciation $3,000

e) Income Statement for July

Sales                         90,000

Cost of goods sold  54,000

Gross profit             36,000

Depreciation            (3,000)

Selling & Admin      (15,000)

Net Income            $18,000

f) Retained Earnings:

Beginning balance  $169,700

Net income                  18,000

Ending balance       $187,700

g( Cash balance:

Beginning balance $75,000

Cash collections       77,000

Cash disbursements:

Purchases               (44,500)

Selling & admin       (15,000)

Ending balance     $92,500

6 0
2 years ago
Using the T-accounts template, open (set up) the T-accounts with the balances from the Balance Sheet (located in the first works
STatiana [176]

Answer:

b

Explanation:

6 0
2 years ago
Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive
Tatiana [17]

Please find full question attached

Answer:

Inferential statistics

Descriptive statistics

inferential statistics

descriptive statistics

Descriptive statistics

Inferential statistics

Explanation:

Descriptive statistics describes data and gives us a picture of what the data summary looks like using such things as mean and central tendency measures. Inferential statistics on the other hand aims to make predictions using the data based on data analysis such as collecting sample from population and constructing hypotheses to estimate outcomes for the general population. Example in the question, the first is inferential statistics as we make generalized predictions on batteries using data samples from the population of batteries of a particular type.

7 0
1 year ago
The unusual types of ingredients Vosges uses, as described in the video, are part of which elementof the four Ps?
Inga [223]

Answer:

B. product

Explanation: the unusual ingredients are part of the product.

6 0
2 years ago
Other questions:
  • Lacy hired richard to paint her house. richard took too many jobs and realized that he did not have time to complete them all, s
    13·1 answer
  • According to the rule of 72, if Jo invests $100 and $1000 into two separate accounts with the same interest rate, which amount w
    5·2 answers
  • In the competitive sports drink market, Gatorade pays very close attention to the activities of Powerade, a major __________ com
    9·1 answer
  • An article in the Wall Street Journal contained the following observation: "Every month, millions of workers leave the job marke
    13·1 answer
  • In the economy of​ Cycladia, the total unemployment rate is equal to 11.0 ​percent, the structural unemployment rate is 2.42.4 ​
    6·1 answer
  • Alex invested $30,000 in cash in his business. How will this entry be posted in the ledger accounts? (You may select more than o
    12·1 answer
  • Looking to increase the profits of his lemonade stand, Johann doubled the price of a cup of lemonade from 25 cents to 50 cents.
    12·1 answer
  • Carlos wants Juan and Rita to handle the personality issues themselves. As the company did not make any thought-out change in an
    6·1 answer
  • Swazzi has released a new line of sweater vests, but they are selling poorly. Store managers say they need same-day information
    11·1 answer
  • A linear programming approach is usually used by managers involved in portfolio selection to maximize risk. minimize risk. maxim
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!