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Katyanochek1 [597]
3 years ago
6

Kelsey and Cody have been making payments on this furniture for 18 months, but Cody gets laid off from his job, and their income

drops substantially. They are unable to stay current on their account even though they have paid $2,070 of the bill. According to the above terms, what happens to their bill?
Business
1 answer:
ycow [4]3 years ago
4 0

Most contracts like this will not change based on the borrowers financial situation. In this case, Kelsey and Cody will still be responsible for paying the debt they owe. Several things will happen if they do not pay:

1. the debt will be sent to a collections agency

2. This will cause a derogatory mark on their credit history.

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A proposed new investment has projected sales of $585,000. Variable costs are 44 percent of sales, and fixed costs are $187,000;
Tema [17]

Answer:

The projected Net Income is $70,784

Explanation:

The Pro- forma income Statement

Working Note:

Variable cost = Sales × 44%

= $585,000 × 44%

= $257,400

EBT (Earnings before Tax) = Sales - Variable cost - fixed cost - depreciation

= $585,000 - $257,400 - $187,000 - $51,000

= $89,600

Net Income = EBT × Tax rate

= $89,600 × 21%

= $70,784

8 0
3 years ago
Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 85,000 shares of $5 par common stock. Dur
Olegator [25]

Answer:

$254,010

Explanation:

Calculation for the total shareholders' equity at the end of 2021

Issue of stock (10,700 × $5.90) $63,130

Issue of stock (20,600 × $8.80) $181,280

Net income $95,000

Less Dividends( $53,000)

Less Treasury stock (3,000 × $10.80) ($32,400)

Total shareholders' equity $254,010

Therefore the total shareholders' equity at the end of 2021 is $254,010

4 0
2 years ago
How much does David earn in a 35-hour work week (gross pay without benefits)?
Lapatulllka [165]
690 dollars without tax


6 0
3 years ago
Please help ASAP!
Anna11 [10]
The Answer would be D. This is because Zeke learned how to market his lemonade stand and was able to make sales while providing a service. The same thing he did in order to fundraise for his class.
Hope this helps :)
8 0
3 years ago
________ uses buyers' perceptions of what a product is worth,not the seller's cost,as the key to pricing.
Serjik [45]

Answer:

A) Customer value-based pricing

Explanation:

In sales and marketing, price can be defined as the amount of money that is being charged by a seller for goods and services rendered to a potential customer or buyer.

Customer value-based pricing uses buyers' perceptions of what a product is worth, not the seller's cost, as the key to pricing.

Generally, a value-based pricing strategy typically begins with the manufacturer or seller assessing customer needs at a specific period of time. This ultimately implies that, a customer value-based pricing is all about the consumers of goods and services by considering their perceived benefits or satisfaction derived from the use of such products or services.

6 0
3 years ago
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