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3 years ago

What is considered a necessary loan

Business

1 answer:

aliya0001 [1]3 years ago

6 0

Answer:

Car loan, Student loan, Home loan are examples of necessary loans.

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In January 2014, the company Quicken Loans made news by announcing that it would pay $1 billion to the person who submitted the

g100num [7]

Answer:

63 games are played.

In the bracket at each stage of the game you have 2 choices.

so total 2^63 ways are there to fill out the bracket.

2^63 = 9,223,372,036,854,775,808 which is approx. 9.2 Quintillion.

Number of people in USA= 317,431,148.

So all possible outcomes of bracket filling to be represented, each person should fill out following number of brackets.

9,223,372,036,854,775,808

= -------------------------------------- = 29,056,291,718.6

317,431,148

which is approximately 29,056,291,719 brackets per person.

Explanation:

6 0

2 years ago

Data concerning Farm Corporation's single product appear below: Selling price per unit $ 320.00 Variable expense per unit $ 76.8

lara [203]

Answer:

$224,000

Explanation:

Contribution margin = Selling price - Variable cost

= $320 - $76.8

= $243.2

Contribution margin ratio = Contribution margin / Sales

= $243.2 / $320

= $0.76 × 100

= 76%

Break even point = Fixed cost / Contribution margin ratio

= $170,240 / 76%

= $224,000

7 0

2 years ago

Tracy Company, a manufacturer of air conditioners, sold 200 units to Thomas Company on November 17, 2021. The units have a list

svetoff [14.1K]

Answer:

1. November 17

Accounts receivable 77,000

Sales revenue 77,000

November 26

Dr Cash 74,690

Dr Sales Discounts 2,310

Cr Accounts receivable 77,000

2. November 17

Dr Accounts receivable 77,000

Cr Sales revenue 77,000

December 15

Dr Cash 77,000

Cr Accounts receivable 77,000

Explanation:

1. Preparation of the journal entries to record the sale on November 17 and collection on November 26, 2021

November 17

Accounts receivable 77,000

Sales revenue 77,000

[Price = 200 units * $550 *(100%-30%) = 77,000]

November 26

Dr Cash 74,690

(77,000-2,310)

Dr Sales Discounts 2,310

(77,000*3%)

Cr Accounts receivable 77,000

2.Preparation of the journal entries to record the sale on November 17 and collection on December 15, 2021,

November 17

Dr Accounts receivable 77,000

Cr Sales revenue 77,000

[Price = 200 units * $550 *(100%-30%) = 77,000]

December 15

Dr Cash 77,000

Cr Accounts receivable 77,000

4 0

3 years ago

SOMEONE PLEASE HELP ME ASAP PLEASE!!!!!

natka813 [3]

Answer:

A. it will go up

Explanation:

thats the answer

8 0

2 years ago

Barrett, Inc. reports the following information for the year ended December 31: Beginning Finished Goods Inventory 70 units Un

Dmitry_Shevchenko [17]

Answer:

Operating Income 20,600

Explanation:

First Step will be to calculate the contribution of the begining inventory and the contribution of the untis produced in this period:

BEGINNING INVENTORY

70 units at $150 = $10,500

cost of BI $3,600

Contribution Begining Inventory $6,900

get the production of this year contribution

Sales Units 150

Direct Materials 25

Direct Labour 10

Variable MO 15

Variable S&A 6

Total Variable 56

Contribution 94

Unit produced 450

Contribution Produced units 42300

Second, the operating income:

Contribution Begining Inventory $6,900

+ Contribution Produced units 42,300

Total contribution = 49,200

Fixed Cost

fixed MO 15,600

fixed S&A 13,000

Total Fixed Cost 28,600

Operating Income 20,600

4 0

2 years ago