A(n) ________ check is a check issued on bank paper and signed by a bank representative; it is usually purchased by people who do not have checking accounts.
Answers
A cashier's check is a check issued on bank paper and signed by a bank representative; it is usually purchased by people who do not have checking accounts.
Large payments can be made securely using cashier's checks. A financial organisation, like a bank or credit union, writes the check itself against its own cash. When you ask your bank for a cashier's check, funds are transferred from your account to the bank's account, and a bank employee (often a teller) writes the check over to the designated party. When a buyer buys a cashier's check, they pay the full face value of the check as well as typically a minor service fee.
In certain circumstances, a cashier's check is preferable to a personal check due to the advantages and safeguards it offers.
To know more about checks refer:
https://brainly.com/question/23552871
#SPJ4
Related Questions
1. Use a formula to calculate the percentage of expenses for the 2013 summer budget that was spent on rent for the event. Write the formula you used and the percentage you calculated, to two decimal places, in the cell below. Hint: Use order of operations principles for the formula. (5 points)
2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)
3. Current data can be used to predict future costs. Based on the budget for the last three summers, predict the amount of money that will be sponsored for each event in 2015. Write your prediction in the cell below, and explain how you arrived at your conclusion. Be sure to use currency formatting for the monetary amount. (5 points)
4. Based on the budget for the last three summers, predict the website hosting fee for August 2015. Write your prediction in cell A21, and explain how you arrived at your conclusion in cell A22. Be sure to use currency formatting for the monetary amount in cell A21. (5 points)
Answers
The formula that can be used to calculate the percentage of expenses from the budget will be (the amount spent on event × 100) / total expenses.
How to compute the formula?From the information given, the formula that can be used to calculate the percentage of expenses will be:
= (the amount spent on event × 100) / total expenses. The month of June will be:
= (195 × 100)/297
= 65.66%
The estimated cost for July 2014 using 7% sales tax will be:
= 360 + (7% × 360)
= $385.20
Learn more about budget on:
https://brainly.com/question/24940564
#SPJ1
Describe three reasons as to why GM builds cars in China. Should GM do what the USA President wants and move production of cars sold in China from China to the USA? Explain.
Answers
Answer:
Three reason why GM build cars in China:
China has lower labor costs. This is the main reason, a Chinese worker earns a lot less than an American worker, and this results in a substantial cost reduction for GM.
China has important economies of scale. The United States also has important economies of scale, but China may have the edge in some economic sectors.
Finally, the third reason is that China has very good infrastructure like trains, roads, and ports, and this facilitates the logistics for GM.
If the president wants GM to move production back in the US, GM could demand better infrastructure (labor costs cannot be lowered, and the economies of scale are already there), and perhaps other complementary incentives like corporate tax reductions, or even subsidies.
Econ please helppp :(((((
Answers
Answer:
Pure competition
Explanation:
Pure competition refers to an ideal market with very many suppliers selling an identical product. Because the sellers are many, none of them can influence the price. Pure competition is also the perfect competition. Other characteristics of perfect competition include.
easy to enter and exit the market since there are no trade barriersAll sellers sell a homogeneous productall sellers are price takersThere are many buyers.Buyers have sufficient knowledge of prices and suppliers.The nature of demand indicates that as the price of a good increases.
Answers
The nature of demand indicates that as the price of a good increases D) buyers desire to purchase less of it.
What is the demand curve?The demand curve is a graphic representation of the relationship between price and the quantity demanded.
All things being equal, the demand curve shows a downward sloping demand when the price of goods increases because buyers purchase less quantity of the goods.
Answer Options:A) suppliers wish to sell less.
B) more of it is produced.
C) more of it is desired.
D) buyers desire to purchase less of it.
Thus, the nature of demand indicates that as the price of a good increases D) buyers desire to purchase less of it.
Learn more about the nature of demand at https://brainly.com/question/15252089
#SPJ1
the table above shows the total output of the two countries if they specialize in one particular output for an entire day. what can we say about trade between these two countries?
Answers
Based on the table provided, we can say that if the two countries specialize in one particular output for an entire day, they can potentially benefit from trade.
Trade refers to the exchange of goods and services between two or more parties. It can occur at various levels, such as between individuals, companies, or countries. Trade is based on the principle of comparative advantage, where each party specializes in producing the goods and services that they can produce more efficiently than others and then exchange those goods for other items that they need. Trade can have many benefits, such as increasing efficiency, expanding markets, and promoting economic growth, but it can also have some drawbacks, such as displacement of workers and negative environmental impacts.
Learn more about trade here:
https://brainly.com/question/27622280
#SPJ11
Uptown Interior Designs is an all equity firm that has 40,000 shares of stock outstanding. The company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares. What is the total value of this firm if you ignore taxes?
Answers
Answer:
The answer is $16 million
Explanation:
Outstanding shares = 40,000
Shares of deceased shareholder = 2,500
Amount borrowed = $1m
We calculate price per share:
This is,
1,000,000 ÷ 2,500
= $400
To get the total value of the firm:
[(40,000 - 2,500) × 400] + 1m
=(37,500 × 400) + 1m
= 15,000,000 + 1,000,000
= $16,000,000
The total value of the firm without taxes is $16 million.
List the steps required for detecting errors when a trial
balance does not balance. Think about the posting procedure and the
information about detecting errors in trial balances.
Answers
By following these steps, you should be able to detect errors when a trial balance does not balance, and then make the necessary corrections to ensure accuracy in your financial records.
Here are the steps, considering the posting procedure and information about detecting errors in trial balances:
1. Recheck the arithmetic: Ensure that the calculations for the sum of debit and credit columns in the trial balance are accurate.
2. Verify the account balances: Re-examine the ledger accounts to make sure that the balances for each account have been accurately transferred to the trial balance.
3. Review the posting process: Carefully analyze the journal entries to confirm that they have been correctly posted to the relevant ledger accounts as debits or credits.
4. Inspect for missing entries: Look for any journal entries that may have been inadvertently omitted while preparing the trial balance.
5. Double-check for transposition errors: Confirm that there are no errors in transferring figures from the ledger accounts to the trial balance. Transposition errors occur when two digits are reversed, such as writing "42" instead of "24".
6. Ensure correct account classification: Make sure that each account has been classified correctly as an asset, liability, equity, revenue, or expense.
7. Reevaluate the balancing process: Review the procedure followed while balancing each ledger account to ensure it has been done accurately.
Learn more about "trial balance" at https://brainly.com/question/30128460
#SPJ11
Impact of purchasing an existing business
Answers
Answer:
What? I don't know what your talking about
Explanation:
What?
An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answers
Answer:
the answer is planning, ensuring, and acting
Which of these is MOST LIKELY a result of a high unemployment rate in
the United States?
A) increased revenues
B) increased demand for consumer goods
C) increased production of capital goods
D) greater government expenditures for transfer payments
Answers
Answer:
D Greater Government Expenditures for Transfer payments
Explanation:
Explanation. All other answers would positively effect uneployment
Evidence supporting the high moral-hazard costs associated with unemployment insurance (UI) could include the following EXCEPT:
a) More layoffs among partially-rated firms
b) Workers finding higher quality jobs when employment resumes
c) Higher UI benefits associated with longer duration of unemployment
d) States with more generous UI benefits having higher unemployment rates
Answers
Evidence supporting the high moral-hazard costs associated with unemployment insurance (UI) includes options a, c, and d. Option b, on the other hand, suggests that workers find higher quality jobs when employment resumes, which does not support the high moral-hazard costs associated with UI.
Moral hazard refers to the idea that individuals may engage in riskier behavior when they are protected from some of the negative consequences of that behavior. In the case of UI, this could mean that workers may be more likely to engage in behaviors that increase their chances of becoming unemployed, such as quitting a job without having another lined up, or not putting as much effort into finding a new job while receiving UI benefits.
Option A suggests that firms may be more likely to lay off workers if they know that those workers will be able to receive UI benefits. This could increase the number of layoffs, which would be a negative consequence of the moral hazard associated with UI. Option c suggests that the longer workers are able to receive UI benefits, the less motivated they may be to find a new job, which could prolong their unemployment. Option d suggests that states that offer more generous UI benefits may have higher unemployment rates, potentially indicating that UI is encouraging more people to remain unemployed for longer periods of time.
Option b, however, suggests that workers may actually find higher-quality jobs when they resume employment. This would be a positive outcome and would not support the idea of high moral-hazard costs associated with UI.
Learn more about unemployment insurance: https://brainly.com/question/31953415
#SPJ11
During 2012, Bascom Bakery Inc. paid out $23855 of common dividends. It ended the year with $194723 of retained eamings versus the prior year's taimed namings of $125578 How much net income did the firm eam during the year?
Answers
Bascom Bakery Inc. earned a net income of $92,000 during the year 2012.
Use this formula to calculate the net income of Bascom Bakery Inc. during 2012:
Net Income = Retained Earnings at the End of the Year - Retained Earnings at the Beginning of the Year + Dividends Paid
Retained Earnings at the Beginning of the Year (prior year) = $125,578
Retained Earnings at the End of the Year = $194,723
Dividends Paid = $23,855
Net Income = $194,723 - $125,578 + $23,855
Net Income = $92,000
Therefore, the net income is $92,000 during the year 2012.
Learn more about net income https://brainly.com/question/32614743
#SPJ11
which issue concerns cios the most? group of answer choices security budgeting enhancing customer satisfaction marketing
Answers
CIOs are most concerned about security. Because of this, security is a problem that transcends technology.
What exactly does CIO mean?
information officer in charge The chief information officer (CIO) is responsible for managing the IT organization of a firm to provide results that support the company's objectives.
What issues preoccupy CIOs?
When it comes to enhancing the customer experience, CIOs want to be in the driver's seat, whether that means making life simpler for internal users or for clients and business partners on the outside. Forward-thinking digital transformation initiatives frequently put the customer experience in the forefront.
What are CIOs concerned about?
client encounter. According to Aamer Baig, a senior partner with the management consulting firm McKinsey & Co., market constraints continue to make customer experience a top CIO concern. He asserts that CIOs must work in the front office because "really understanding the client is super crucial."
Learn more about CIOs here:
https://brainly.com/question/28541126
#SPJ4
Which of the following is NOT part of the promotional mix?
Question 20 options:
Physical Distribution
Public Relations
Advertising
Sales Promotion
Answers
Answer:
A- Physical Distribution
Explanation:
Advertising.Public relations or publicity.Sales promotion.Direct marketing.Personal selling.Physical Distribution is part of marketing mix therefore it is A.
Temperature at 8:00 A.M.: -15°C.
Temperature rose 8°C during the
next hour. What was the
temperature at 9:00 AM ?
Answers
-7°celcius is the answer man
Country A's goods have become relatively more expensive for Country B's buyers due to a change in the exchange rate between those two country's currencies. All other things remaining constant, this could be because Country B's currency has relative to Country A's currency. a) depreciated b) shifted c) stagnated d) appreciated
Answers
depreciated If Country A's goods have become relatively more expensive for Country B's buyers, it suggests that Country B's currency has depreciated relative to Country A's currency. Depreciation refers to a decrease in the value of a currency compared to other currencies in the foreign exchange market.
When a currency depreciates, it takes more units of that currency to purchase the same amount of another currency. As a result, the goods from Country A would require more units of Country B's currency to be exchanged for, making them relatively more expensive for buyers in Country B.
This situation could occur due to various factors such as changes in interest rates, inflation rates, political stability, or market speculation, which affect the supply and demand for a particular currency in the foreign exchange market.
Learn more about depreciated here:
https://brainly.com/question/30531944
#SPJ11
Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?
Answers
3eyy1ggh mi y
1uj gyrju3hxif2 2x ce I I b I 6x9
3/10=x/51000
X=15,300, Julie
51,000-15,300
35,700, Kristen
70% is owned by Kristen
What is one benefit US workers who have a college degree rather than a high school diploma?
Answers
Answer:
Those with a college degree earn nearly twice as much as those without college.
Explanation:
A college degree increases the chances of securing a higher paying job than a high school diploma. Most employers insist on college degrees for managerial or executive positions. These are the positions with good pay packages. Currently, college graduates earn nearly twice their high school diploma holders.
Answer:
D.
Explanation:
the person above me is correct
What is MOST likely TRUE about intellectual property?
A.
It can be a tangible asset.
B.
It is impossible to steal.
C.
It can be invisible.
D.
It does not affect a company’s profits.
Answers
Answer:
The answer is most likely...
A. It can be a Tangible asset
Explanation:
Sorry I was late :l
Tony and Patty produce skis and snowboards The tables show their production possibilities. Each week, Tony produces 2 snowboards and 16 skis and Patty produces 4 snowboards and 2 skis. Tony's opportunity cost of producing a snowboard is skis Patty's opportunity cost of producing a snowboard is skis. Patty has a comparative advantage in producing snowboards if O A. Patty produces snowboards at a lower opportunity cost than Tony O B. when all of Patty's resources are used to produce snowboards, Patty produces more snowboards than Tony OC. Patty uses fewer resources than Tony to produce a snowboard OD. Patty produces snowboards at a higher opportunity cost than Tony Tony's Production Possibilities Snowboards (per week) 10 8 6 ON A 000 and and and and and and Skis (per week) 0 4 8 12 16 20 Patty's Production Possibilities Snowboards (per week) 8 4 0 and and and Skis (per week) 0 2 4
Answers
Patty produces snowboards at a lower opportunity cost than Tony. This means option A is the correct answer.
The opportunity cost of producing a snowboard is the amount of skis that must be given up. Tony's opportunity cost of producing a snowboard is 8 skis, while Patty's opportunity cost of producing a snowboard is 0.5 skis.
Since Patty's opportunity cost of producing a snowboard is lower than Tony's opportunity cost, Patty has a comparative advantage in producing snowboards over Tony.
In other words, Patty should specialize in producing snowboards, while Tony should specialize in producing skis.
Therefore, Patty produces snowboards at a lower opportunity cost than Tony. This means option A is the correct answer.
Learn more about opportunity cost here:
https://brainly.com/question/3611557
#SPJ11
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
Read more about net income here:
https://brainly.com/question/28390284
#SPJ1
What information about the competition would an entrepreneur want to open a house-cleaning business that was based upon a price-competition marketing strategy?
Answers
Answer:
The information regarding the competition that an entrepreneur would like to have to establish a business based on a price competition with other companies would be, precisely, the price at which they offer their products or services, as well as the price at which they get the inputs they use.
Thus, through this information, the entrepreneur could establish a business plan taking into account the profit margins of his competition, evaluating lowering the margins of his venture in order to capture a large market share, removing it from the competition.
Which level of government are Planning workers most likely to work for?
A) state
B) federal
C) local
D) international
Answers
The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).
A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.
When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.
A variety of essential services for residents and companies in certain areas are handled by the local government.
Therefore, the correct option is "C".
To know more about the local government, visit:
https://brainly.com/question/22670499
#SPJ2
Riley Company borrowed $24,000 on April 1, Year 1 from the Titan Bank. The note issued by Riley carried a one year term and a 4% annual interest rate. Riley earned cash revenue of $900 in Year 1 and $500 in Year 2. Assume no other transactions.The amount of net income on the Year 2 income statement would be:Multiple Choicea) $240. b) $(20). c) $740. d) $260.
Answers
The amount of net income on the Year 2 income statement would be(d) $260.
To solve this problem, we need to calculate the interest expense for Year 1 and Year 2, as well as the revenue for Year 2.
Interest expense for Year 1:
Principal amount = $24,000
Interest rate = 4%
Time = 9/12 (since the note was issued on April 1 and Year 1 ends on December 31)
Using the formula: Interest = Principal x Rate x Time
Interest = $24,000 x 4% x 9/12 = $720
Interest expense for Year 2:
Principal amount = $24,000
Interest rate = 4%
Time = 12/12 (since Year 2 covers the entire term of the note)
Using the formula: Interest = Principal x Rate x Time
Interest = $24,000 x 4% x 12/12 = $960
Revenue for Year 2 = $500
Now, we can calculate the net income for Year 2:
Net Income = Revenue - Expenses
Net Income = $500 - ($960 - $720)
Net Income = $260.
Learn more about income here:
https://brainly.com/question/17961582
#SPJ11
how much do you have to go to work for a baby delivery nurse job (not being lazy actual question for my career research elective)
Answers
Answer:
Alot
Explanation:
It depends on how you go about getting your RN
Zimmerman Auto sells new and used cars. Its assets are as follows: (1) the showroom building, a separate building used to service customer cars, and various parking lots, (2) a nearby acre of land not currently used by the auto dealership, (3) new and used cars and trucks for sale to customers, and (4) a car that is used to provide rides to customers who prefer to wait at home while their cars are serviced. The assets that are classified as plant assets on the company's balance sheet include:
A. (1) and (2)
B. (1) and (4)
C. (1). (2), and (3)
D. (1). (3), and (4)
Answers
Answer:
B. (1) and (4)
Explanation:
Plant assets are tangible assets that have a useful life of more than 1 year, and are used by the company in its normal operations.
The cars available for sale are part of the inventory while the land is considered an investment. The only plant assets are the showroom and surrounding buildings, and the car that provides free rides to customers.
what is the main function of ac
Answers
Answer this question before making any changes to spending percentages. According to the 2012 budget, which two functions received the least spending?.
Answers
The two functions that received the least spending according to the 2012 budget were transportation and natural resources and the environment.
According to the 2012 budget, the two functions that received the least spending were transportation and natural resources and the environment. The U.S. government allocated approximately $98 billion in total to transportation and natural resources and the environment.
The total budget of $3.8 trillion included the following spending percentages: Social Security, Unemployment, and Labor: 33 percent Medicare and Health: 26 percent Defense and International Security: 19 percent Net Interest: 6 percent Transportation: 3 percent Natural Resources and Environment: 2 percent Science, Energy, and Technology: 2 percent Agriculture: 1 percent Commerce and Housing Credit: 1 percent Education, Training, Employment, and Social Services: 1 percent Veterans Benefits: 1 percent Justice: 1 percent General Government: 1 percent.
To Know more about Net Interest
https://brainly.com/question/30437539
#SPJ11
jerome has decided that he can afford a monthly mortgage payment of $715. he has been offered a 20 year mortgage at 4.5% interest. what formula could you type into excel to determine what the largest mortgage loan he can afford?
Answers
Using this formula, the result in Excel would be approximately $133,734. This means that the largest mortgage loan Jerome can afford with a 20-year mortgage at 4.5% interest and a monthly payment of $715 is $133,734.
To determine the largest mortgage loan that Jerome can afford based on his monthly payment of $715, the following formula can be used in Excel:
\(=PV(0.045/12,20*12,-715)\)
Where:
PV = present value (the amount of the mortgage loan)
0.045/12 = monthly interest rate (4.5% divided by 12 months)
20*12 = total number of months in the mortgage term (20 years multiplied by 12 months)
-715 = the monthly payment that Jerome can afford (with the negative sign indicating an outflow of cash)
Using this formula, the result in Excel would be approximately $133,734. This means that the largest mortgage loan Jerome can afford with a 20-year mortgage at 4.5% interest and a monthly payment of $715 is $133,734.
Learn more about present value here:
https://brainly.com/question/17322936
#SPJ11
3
Topic: The Price System: Rationing and Allocating Resources
Skill: Conceptual
AACSB: Reflective Thinking
Learning Outcome: Micro-4
38. The government imposes a price ceiling on gasoline that is below the market price. You are asked to suggest
a rationing scheme that will minimize the misallocation of resources. You suggest
A) using rationing coupons that cannot be resold.
B) using rationing on a first-come, first-served basis.
C) using rationing coupons that can be resold.
D) using rationing only on weekdays.
Answers
A) using rationing coupons that cannot be resold. The government's decision to impose a price ceiling on gasoline creates a situation where the demand for gasoline exceeds the supply at the regulated price.
In such cases, a rationing scheme is necessary to allocate the limited resource efficiently. The goal of the rationing scheme is to minimize the misallocation of resources and ensure that gasoline is distributed fairly among consumers.
Among the given options, using rationing coupons that cannot be resold (option A) would be the most effective choice. By implementing non-transferable rationing coupons, the government can ensure that individuals cannot sell or transfer their coupons to others. This helps prevent the creation of a secondary market where coupons could be exchanged for profit, which could lead to further distortions in the allocation of gasoline.
Non-transferable rationing coupons ensure that the intended beneficiaries, based on their specific needs or priorities, are the ones who receive the allocated gasoline. It reduces the possibility of individuals hoarding or reselling their coupons for personal gain, and it promotes a more equitable distribution of the limited resource.
Overall, using rationing coupons that cannot be resold would help minimize the misallocation of resources and ensure a more efficient distribution of gasoline under the imposed price ceiling.
Learn more about price here
https://brainly.com/question/28479908
#SPJ11