Fact Pattern 27-2B

question 14

Multiple Choice

Fact Pattern 27-2B
Thom draws a check,on his account in State Bank in New York,payable to Digital Computers,Inc. ,in San Francisco.Digital deposits the check in its ac?count at First National Bank.First National deposits the check in the Federal Reserve Bank of San Francisco,which transfers it to the Federal Reserve Bank of New York.That Federal Reserve Bank sends the check to State Bank.
-Refer to Fact Pattern 27-2B.When Digital's bank received the check,it was required to pass it on

• A)before midnight of the next banking day.
• B)before midnight of the next day,whether or not it was a "banking" day.
• C)before noon of the next banking day.
• D)within five business days.

Understand the components involved in preparing a Direct Materials Purchase Budget.

Calculate the desired ending inventory for materials required in production.

Determine the budgeted direct labor cost per unit for products.

Calculate total material costs based on production needs and material cost per yard or kilogram.

---

Definitions:

Tab Control

A graphical user interface element that allows for the organization of content into separate tabs, each of which can be selected to view the content it contains.

Record Source Property

A property in database management systems that specifies the source of data for objects like forms, reports, and controls.

Clients Table

A database component that stores information about clients, including details such as name, contact information, and transaction history.

Insert Image

A function in software applications that allows users to add pictures or graphics into documents, presentations, or websites.