Answer:
Explanation:
Competitive Enterprise means a business enterprise that engages in, or owns or controls a significant interest in any entity that engages in, the performance of services of the type provided by the Company, its Affiliates and/or their predecessors.
<u>Explanation:</u>
Conceptual skills are the skills which are utilized by the manager of an organization to see the organization as a whole entity which has interrelated functions. Managers should know the organizational environment and the way the organization adapts itself into it.
Creative thinking and decision making skills are appropriate for successful managers and with conceptual skills they have the capability for this. The complicated situations in the organization can be handled with innovative approach if the managers possess conceptual skills.
Answer:
c. Debit Notes Payable $9,000; debit Interest Expense $240; credit Cash $9,240.
Explanation:
Interest Expense = $9,000 x 0.08 x 120 / 360 = $240
If you’re lucky, the lender won’t report that you were late. “The
first thing to note is that most lenders do not report missed payments
until the account is 30+ days past due,” says Anthony Sprauve, director
of public relations for MyFico.com. “Suppose a given credit card payment
is due on May 15th (and) the payment is made on May 25th. Technically
the payment is late, and fees and interest charges may apply. But in
most cases, this late payment would not be reported by the creditor to
the credit reporting agencies (CRAs).”
Or it’s possible your lender may overlook for the transgression.
Steve Ely, president of eCredable.com, adds: “The larger creditors (like
credit card companies) usually have sophisticated analytic models
working behind the scenes that take into account your history of
payments. If you’ve been paying on time for a long time, they’re likely
to forgive your one late payment, and let it slide.”
Answer:
a. 15,500 units
b. 6,200 bats and 9,300 gloves
Explanation:
Fixed costs (F)=$620.000
Sales mix=40% bats and 60% gloves
Selling price of bats (Sb) =$90
Variable cost of bats (Vb) =$50
Selling price of gloves(Sg) =$105
Variable cost of gloves (Vg)=$65
The average contribution (C) per unit can be determined as:
In order to reach the break-even point the total contribution of 'n' units must equal fixed costs:
Since we know the sales mix, the number of bats (B) and gloves (G) are:
At the break-even point, 6,200 bats and 9,300 gloves would be sold.