What Is a Paper Check That Is Changed to an EFT

question 17

Multiple Choice

What is a paper check that is changed to an EFT called?

• A) digital check image
• B) automatic payment
• C) converted check
• D) dishonored check

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Definitions:

Casting Department

A specific section within a manufacturing facility where the process of casting is executed, shaping materials by pouring them into a mold.

Departmental Predetermined

Departmental predetermined refers to the allocated overhead rates established beforehand for specific departments within a company, aiding in more accurate departmental costing and budgeting.

Overhead Rate

The amount of indirect costs allocated to cost objects, calculated by dividing total overhead costs by an allocation base.

Machine-Hours

A gauge of output or activity in production, measured by the operating hours of machinery.