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Nikitich [7]
3 years ago
10

Which firm is likely to see its profits reduced the most in a recession: an automobile producer, a manufacturer of boots and sho

es, or a janitorial service? Which is likely to see its profits reduced the least? Explain.
Business
1 answer:
ryzh [129]3 years ago
3 0

Automobile producer would see profit reduced the most and janitorial services would be least affected.

<u>Explanation:</u>

Recession is one of the phases of the trade cycle. In this phase of the trade cycle, there is downfall in the production, consumption, investment and saving in the economy. The growth rate of the economy sees a downfall in this phase.

Among the examples given here, automobile producer is the firm which would be one of the most affected company during the time of recession because it is not something essential but luxury.

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Advancements in medical technology often lead to new careers.<br><br> True<br> False
algol [13]
The answer should be A) True.
8 0
4 years ago
Read 2 more answers
Smart Services performed $6,000 of services. Their customer paid $1,000 of the amount right away but charged the remaining amoun
Arisa [49]

Answer:

A. Debit Cash $1,000 and Debit Accounts Receivable $5,000 and Credit Fees Income $6,000

Explanation:

When revenue is earned and cash is paid, debit cash and credit revenue. However, when revenue is earned and cash is yet to be paid, debit accounts receivable and credit revenue.

Hence, given that Smart Services performed $6,000 of services. Their customer paid $1,000 of the amount right away but charged the remaining amount.

Entries required are

Debit Cash $1,000

Debit Accounts Receivable $5,000

Credit Fees Income $6,000

4 0
3 years ago
If both supply and demand increase at the same time, then __________
Lelechka [254]

Answer:

A

Explanation:

the price of product will increase

7 0
3 years ago
_____ planning is short-range, detailed planning that is based on long-range planning. It typically has a time frame that is les
PolarNik [594]

Answer: Tactical planning

Explanation:

In tactical planning, a company's strategic plan is planned and ways are generated to achive the objectives of a company by using short-term actions.

Tactical plans are required to help teams to accomplish their goals by utilizing the steps that are clearly defined through short term outcomes and it is usually less than a year.

7 0
3 years ago
Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 16 p
alexira [117]

Answer:

The company WACC is 13.30%

Explanation:

For computing the WACC, first we have to find the weight-age of both debt and equity.

Since in the question, the weightage of debt and equity is given which is equals to

Debt = 30%

And, Equity or common stock = 70%

So, we can easily compute the WACC. The formula is shown below

= Weighted of debt × cost of debt × (1- tax rate) + Weighted of equity × cost of equity

= 0.30 × 0.10 × (1 - 0.30) + 0.70 × 0.16

= 0.021 + 0.112

= 13.30%

Hence, the company WACC is 13.30%

6 0
3 years ago
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