Questions tagged 'Finance & Banking'
124 questions
During the 1920s, people would buy stock on margin, which meant that they
During the 1920s, purchasing stock on margin meant that individuals: A) bought it on credit.
Jan 20, 2025
All of the following statements regarding long-term liabilities are true except?
All of the following statements regarding long-term liabilities are true, except for one. Please select the correct answer from the options provided. Long-term liabilities include long-term notes pa...
Asteroid industries accumulated the following cost information for the year: direct materials $15,200indirect materials 3,200indirect
Asteroid Industries has accumulated the following cost information for the year: Direct materials: $15,200 Indirect materials: $3,200 Indirect labor: $7,700 Factory depreciation: $12,000 Direct...
business class questions? please help!?
What is interest? a. A charge for lending money to a bank b. The amount owed for borrowing money c. The amount added to your savings when opening a bank account d. A fee for the convenie...
Jan 17, 2025
Failure to record a liability will probably?
What are the potential consequences of failing to record a liability? Specifically, could this oversight lead to overstated net income, overstated liabilities and owners' equity, have no effect on net...
BusyBody Company expects its November sales to be 20% higher than its October sales of $ 160 comma 000. Purchases were $ 90 comma
BusyBody Company anticipates that its November sales will be 20% higher than its October sales, which amounted to $160,000. In October, purchases totaled $90,000, and they are expected to rise to $110...
I am trying to set up a direct deposit, and it asks for the flat dollar amount. What does that mean?
I am trying to set up a direct deposit, and I need some clarification regarding the flat dollar amount requested. The setup process requires me to provide my routing number, account number, and the ty...
Departmental overhead rates are generally preferred to plant-wide overhead rates when: a. the activities of the various departments
Departmental overhead rates are generally preferred to plant-wide overhead rates when the activities of various departments differ significantly. In what situations would this preference be most appli...
How is a debit card declined?
I called to make my car payment over the phone with my debit card on Wednesday. I just received a call from the representative who processed my payment, and she informed me that my card was declined....
Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequently,
Q-mart neglected to include inventory that was stored in a separate warehouse in its inventory count as of December 31. As a result, the ending inventory reported on the balance sheet for that date wa...