Answer:
(b) pay a $ 5 comma 000 down payment and finance the rest with a 0 % APR loan over 30 months.
Explanation:
In this case this is the best option to keep the lowest interests in your wallet, having to pay the whole thing for $18,000 that would start to generate interests in the credit card as for the day one, oaying just $5,000 and having the opportunity to finance the rest is the one that would let you generate the less interests in your credit card.
Answer:
B. a cartel
Explanation:
A cartel is a group of independent producers who collude to promote and protect their trade interests. Large producers in the same industry form cartels to manipulate supply and fix prices. Through the cartel, the large producers set prices that guarantee maximum profits for their members. The cartel eliminates price competition among the major producers in the industry.
Answer:
Cost of goods sold : $ 120.000
Explanation:
income before taxes : 63000 / 0.7 = 90000
(+) expenses 90.000
Total 180.000
(-) net sales 300.000
= cost of goods 120.000
Answer:
Bad debt expense for 2021 as a percent of net credit sales is $79,900
Explanation:
The computation of the bad debt expense is shown below:
= Net credit sales × estimated bad debt percentage
= $4,700,000 × 1.70%
= $79,900
All other information which is given in the question are not related to the bad debt expense as it is an estimated bad debt percentage of the net credit sales Hence, we ignored it
Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5