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Nikolay [14]
1 year ago
13

The lesson example of someone who has accumulated heavy debt well illustrates the point that _____. financial consulting will re

sult in becoming debt-free serious debt requires a financial counselor it took years to accumulate the debt, and it will probably take years to eliminate it all people have problems with debt
Business
1 answer:
AnnyKZ [126]1 year ago
4 0

The lesson example of accumulated debt shows that it took years to accumulate the debt, and it will probably take years to eliminate it

<h3>What is a Debt?</h3>

This refers to the amount owed by a person to another person, usually with <u>accrued interest</u>.

Hence, we can see that when a person has a heavy debt, this usually means that it took years to accumulate the debt, and it will probably take years to eliminate it

Read more about debts here:

brainly.com/question/24871617

#SPJ1

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The use of debt in the firm's capital structure will increase ROE if the firm:_____.
DIA [1.3K]

Answer: c. earns a higher return than the rate paid on debt.

Explanation:

If the debt that the company incurs leads to the company making more money than they are paying as interest for the debt, then more money will be available as net income which would increase the Return on Equity.

ROE is calculated by dividing the Net Income by Shareholder equity. Interest is an expense. If this expense is lower then the increase in net income as a result of the debt then it follows that net income would increase and so would ROE.

8 0
3 years ago
In order to motivate our sales force to increase sales, we decided to increase our commissions and salaries and increase marketi
algol [13]

Answer:

Sales Revenue - Inconsistent

Cost of Goods Sold - Inconsistent

Commission - Consistent

Shipping expense - Inconsistent

Bad debt expense - Unexplained

Salaries - Consistent

Lease of distribution center - Consistent

Depreciation of fleet and equipment - Inconsistent

Advertising - Consistent

Office rent, Phone, Internet - Inconsistent

Explanation:

The increase in selling price will result in change in the revenue figure. The cost of distribution is increased due to handling the addition volume. This will result in an increase in shipping expense and cost of goods sold. Salaries and  commission of the staff will remain consistent as there will be no change due to increase of selling price.

8 0
2 years ago
A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 7 percent. Thi
Mrrafil [7]

Answer:

a. 9%

b. Yes, the firm earning an economic profit of 2%

c. Yes, Industry will see entry or exits

d. Rate of return of economy = 7%

Explanation:

a. Percentage rate of return = Earning ÷ Investment by founders × 100

= $18 ÷ $200 × 100

= 9%

b. Company rate of profit - Rate of profit of economy

= 9% - 7%

= 2% > 0

Yes, the firm earning an economic profit of 2%

c. Yes, Industry will see entry or exits because industry is competitive in nature and would to like to compete to others by satisfying the consumers . In perfect competitive markets there will be no entry or exits and critical characteristics reason companies are free for entry and exit for marginal profits.

d. Industry is competitive , there will be supplier to serve the market and its hard to decide the price of the product.

Hence, the rate of return long run equilibrium earned by firm = Rate of return of economy = 7%

4 0
3 years ago
The demand curve of a monopolistically competitive firm is _________________ than that of a perfectly competitive firm. g
Hitman42 [59]
Downward sloping ; more elastic.
7 0
3 years ago
Tulip Midwifery's cost formula for its wages and salaries is $2,420 per month plus $388 per birth. For the month of January, the
Neko [114]

Answer:

$ 50144

Explanation:

Given:

Cost formula for the the wages and salaries = $ 2420 / month + $ 388 / birth

planned number of activity = 119 births

Actual level of activity = 123 births

the wages and salaries in the flexible budget for January, using the given formula will be calculated as:

the wages and salaries = ( $ 2420 × 1 ) + ( $ 388 × 123) = $ 50144

3 0
2 years ago
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