Answer:
the minimum down payment that Mark can make is $1,650
Explanation:
The computation of the minimum down payment that Mark can make is given below:
Purchase price $21,000
Less: Trade In -$4,500
Net price $16,500
So, the down payment needed should be
= 10% of $16,500
= $1,650
Hence, the minimum down payment that Mark can make is $1,650
Answer:
The answer is Strength
Explanation:
SWOT analysis stands for:
S - Strength
W - Weakness
O - Opportunity
T - Threat.
In the question, strength captures the scenario. Strength is a resource that can be used as a competitive advantage to attract customers. Customers see this strength and they are attracted by it.
Other examples can be, respect, creativity etc.
To get the break-even point, the Total Cost must equal to
the Total Revenue or Profit. The Total Cost is the sum of Fixed Costs and
Incremental Costs. Fixed costs are depreciation, advertising and insurance which
is equal to $5,871 per month. Incremental Costs are weed and feed materials,
direct labor, and fuel which is equal to $32 per lawn. The Marginal Revenue is
equal to $89 per lawn. Letting “N” to be the break-even point in number of
lawns, the break-even equation becomes: $5,871 + $32N = $89N. Then calculating
N, the break-even number of lawns is equal to 103.
Journal entries based on the bank reconciliation are required in the depositor's accounts for <u>book errors</u>.
For book errors, journal entries based on the bank reconciliation must be made in the depositor's accounts. An entity's bank account is matched up with its financial records using a bank reconciliation statement, which is an overview of banking and commercial activity.
The statement lists all of the deposits, withdrawals, and other transactions that affected a bank account over a certain time period. An effective internal financial control tool for preventing fraud is a bank reconciliation statement. A bank reconciliation statement summarizes banking and business activity by comparing a company's bank account to its financial records.
To know more about bank reconciliation
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