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2 years ago

Which of the following provides the best explanation for how consumer credit can exacerbate inequality?

Business

1 answer:

Flura [38]2 years ago

8 0

Answer:

people with lower wealth and income may have less access to credit and pay higher interest rates when they are approved

Explanation:

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Which type of service specializes in providing advisory services to clients instead of the traditional transaction-based, commis

pickupchik [31]

In regards to providing advisory services as opposed to providing transaction-based, this would be considered consultant servicing. This is due to the fact that there is an ongoing consultation occurring between the servicer and the client at hand, rather than single, one-off transactions.

3 0

3 years ago

Calculating Residual Income Pelican Manufacturing earned operating income last year as shown in the following income statement:

TiliK225 [7]

Answer:

(A) $425,000

(B) $24,350

Explanation:

(a) Average Operating Assets:

= (Beginning Operating Assets + Ending Operating Assets) ÷ 2

= ($390,000 + $460,000) ÷ 2

= $425,000

Therefore, the average operating assets is $425,000.

(b) Residual Income:

= Operating Income - (Minimum Rate of Return × Average Operating Assets)

= $66,850 - (10% × $425,000)

= $66,850 - $42,500

= $24,350

6 0

3 years ago

Sleep master, inc. manufactures bedding sets. the budgeted production is for 57,000 comforters in 2013. each comforter requires

pentagon [3]

Answer:

Total Material cost = $507,000

Explanation:

Material budget shows the total budgeted material cost for a specific period.

Sleep master, inc.

Direct Material Budget

December 31, 2013

Budgeted production units 57,000

yards required per comforter × 6

Materials needed for production = 342,000 yards

Add: Ending Material Inventory = 27,000 yards

Total Material units required = 369,000 yards

Less: Beginning Materials = (31,000) yards

Material used = 338,000 yards

Cost per yard × $1.50

Total Material cost = $507,000

5 0

3 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured $45,756,000

Cost of goods sold $50,143,200

Gross Profit $30,856,800

Selling and Administrative Expenses $13,122,000

Operating Income $17,734,800

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold $40,500,000

Manufacturing Margin $40,500,000

Selling and Administrative Expenses $12,150,000

Contribution Margin $28,350,000

Fixed cost

Manufacturing cost $8,856,000

Selling and Admin Expenses $972,000

Total Fixed cost $9,828,000

Operating Income $18,522,000

4 0

3 years ago

Time Remaining 1 hour 48 minutes 56 seconds01:48:56 Item 5Item 5 Time Remaining 1 hour 48 minutes 56 seconds01:48:56 Accounts pa

scoray [572]

Answer:

Amounts owed to suppliers for products and/or services purchased on credit.

Explanation:

Accounts payable are basically short term debts that a company has with its suppliers. E.g. a retailer purchases goods from a wholesaler on terms n/30. In this case, the accounts payable would be the amount of money owed to the retailer. There is no specific time frame for an accounts payable, since it varies depending on the credit that the supplier gives. E.g. sometimes a supplier will sell on a 45 day credit period, or even 60 day period.

6 0

3 years ago