The down payment is an initial payment made when something is bought on credit. It usually depends on the type of house or any other form of object
Answer:
$125,000
Explanation:
Opening values of;
Total assets = $120,000
Total liabilities = $40,000
Total equity = $120,000 - $40,000 = $80,000
During the year,
Total revenues = $140,000
Total expenses = $50,000
Withdrawal by owner = $45,000
The amount withdrawn by the owner reduces the owners equity. This may be deducted from the net income.
Net income from the year = $140,000 - $50,000 - $45,000
= $45,000
This will be added to the opening owner's equity to get the closing owner's equity.
Owner's equity at the end of the year = $80,000 + $45,000
= $125,000
Answer:
Arrange for discussions with the customers including the possibility for full refund
Explanation:
Weight-Gone has failed in its promise of 8 pounds weight loss,hence a saving-grace approach would be to have cordial talks with the affected customers in order to establish their plight which will serve as a feedback for the quality team and the product design department in redesigning the product to make it fit for purpose.
Full refunds should also be arranged in order to show the company as been a responsible and trusted corporate citizen.
Answer:
Explanation:
Android Bio-Mutant Cyclops
Direct labor per unit 48 24 60
Divide by Direct labor rate 12 12 12
Direct labor hours per unit 4 2 5
Android Bio-Mutant Cyclops
Selling price 100 77 125
Less: Variable costs
Direct labor 48 24 60
Direct materials 9 8 16
Variable overhead 7 4 9
Total Variable costs 64 36 85
Unit Contribution margin 36 41 40
Divide by Direct labor hours per unit 4 2 5
Contribution margin per labor hour 9.00 20.50 8.00
<em>As shown in the above estimates, producing Bio-mutant is much more lucrative</em>
<em>Total contribution margin 20500 =1000 * 20.5</em>
Answer:
C. cash budget.
Explanation:
As we know that
The cash budget refers to the inflow and outflow of cash in which inflow refers to the receipts of the service rendered while the outflow could be in terms of purchase of long term assets in cash, expenses incurred in cash, etc
So while estimated the cash inflows and cash outflows, the cash budget is to prepared so that the firm get to know its cash position
