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3 years ago

I need help on this please…

Business

1 answer:

krok68 [10]3 years ago

5 0

Answer:

D: "Track his expenses for a month"

Explanation:

If he ends up tracking his expenses for a month he'll know what to spend his money on and what not to. (Need or Want)

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Ements

Norma-Jean [14]

Answer:

agree vvvvvvvvvvvvvvvvv

6 0

2 years ago

9. Problems and Applications Q9 Suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. Th

den301095 [7]

Answer: False

Explanation:

The real interest rate is the nominal interest rate adjusted for inflation.

If the nominal interest rate was made with inflation in mind and this inflation is less than anticipated, the real rate will be higher not lower than expected.

For instance: Assume the nominal rate is 8% and the two parties assumed inflation would be 4%. Real rate would be:

= 8 - 4 = 4%

If inflation is instead 2%, real rate would be:

= 8 - 2 = 6%

Real rate would be higher than anticipated.

8 0

3 years ago

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? Se

Andre45 [30]

Answer:

A. A higher percentage of the high operating leverage firm's costs are fixed.

Explanation:

Let's first focus on what is operating leverage:

It represents the degree on which an increase in sales revenue, will also increase the operating income of the company

So Being Contribution Margin the amount generate for sales, dividing that for the profit, we got the relationship between sales and income.

$\frac{ContributionMargin}{Profit} = $Operating Leverage\\$

We can expand those like this

$\frac{Q * CM} {Q * CM - Fixed Cost} = $Operating Leverage\\$

Where Q is the uantity of units sold

and CM is the contribution margin per unit.

Resuming: relationship between sales and operating income

That definition cuts "C" and "D" because they talk about debt, this measurement doesn't involve debt.

Now let's check "A"

It state that higher fixed cost amkes the leverage go higher, let's see if that is true:

$\frac{Q * CM} {Q * CM - Fixed Cost} = $Operating Leverage\\$

Fixed Cost is subtracting in the divisor, so higher fixed cost makes the divisor lower.

When this happens, the result of the division is higher.

$\lim_{n \to 0} \frac{a}{n}= \infty$

So this example is true

<u>As an example:</u>

If you have 100 CM and 80 Fixed cost then

$\frac{100}{100-80}= 100/20 = 5\\$

IF you have 100 CM and 50 Fixed cost then

$\frac{100}{100-50}= 100/50 = 2\\$

5 0

4 years ago

At the beginning of July, CD City has a balance in inventory of $2,450. The following transactions occur during the month of Jul

denpristay [2]

Answer:

CD City

a. Journal Entries, using perpetual inventory system:

July 3:

Debit Inventory $1,350

Credit Accounts Payable (Wholesale Music) $1,350

To record purchase of CDs on account, terms, 2/10, n/30.

July 4:

Debit Freight-in $110

Credit Cash $110

To record cash payment for freight.

July 9:

Debit Accounts Payable (Wholesale Music) $200

Credit Inventory $200

To record return of CDs.

July 11:

Debit Accounts Payable (Wholesale Music) $1,150

Credit Cash Discount $23

Credit Cash $1,127

To record full settlement on account.

July 12:

Debit Accounts Receivable $3,900

Credit Sales $3,900

To record sales of CDs on account.

Debit Cost of Goods Sold $2,050

Credit Inventory $2,050

To record the cost of sales.

July 15:

Debit Cash $3,900

Credit Accounts Receivable $3,900

To record cash receipt from customers.

July 18:

Debit Inventory $2,150

Credit Accounts Payable (Music Supply) $2,150

To record purchase of CDs on account, terms, 2/10, n/30.

July 22:

Debit Cash $3,250

Credit Sales $3,250

To record cash sales.

Debit Cost of Goods Sold $1,550

Credit Inventory $1,550

To record cost of sales.

July 28:

Debit Accounts Payable (Music Supply) $110

Credit Inventory $110

To record return of CDs.

July 30:

Debit Accounts Payable (Music Supply) $2,040

Credit Cash $2,040

To record full settlement.

b. Top Section of Multiple-step Income Statement for the month of July:

Sales $7,150

Cost of Goods Sold = ($3,600)

Gross Profit = $3,550

Explanation:

a) Sales

July 12 = $3,900

July 22 = $3,250

Total $7,150

b) Inventory

Beginning Balance = $2,450

July 3 purchase = 1,350

July 9 return = -200

July 12 cost of sales -2,050

July 18 purchase = 2,150

July 22 cost of sales -1,550

July 28 return = -110

Ending Balance = $2,040

c) Cost of Goods Sold

July 12 cost of sales $2,050

July 22 cost of sales 1,550

Total $3,600

8 0

3 years ago

the difference between the actual quanity and the standard quanity, multiplied by the standard price is the

dalvyx [7]

Answer: Direct materials quantity variance.

Explanation:

Direct Material quantity variance is the difference between the actual quantity of materials used in production and the standard quantity that was supposed to be used, multiplied by the standard price of the material.

It is a method that checks the company's efficiency is being able to use raw materials to produce goods. If the Actual quantity needed is greater than the Standard quantity, this will be considered an Unfavorable Variance and mean that the company was not efficient in using the materials.

Causes of this can be low quality of materials and inadequate employee training.

6 0

3 years ago