1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Sardi Inc. is considering whether to continue to make a component or to buy it from an outside supplier. The company uses 17,000
MA_775_DIABLO [31]

Answer:

$24.21

Explanation:

Direct materials $8.20

Direct labor 8.30

Variable manufacturing overhead 1.2

Fixed manufacturing overhead (70% × $4.30 is avoidable) = 3.01

8.2 + 8.3 + 1.2 + 3.01 = 20.71

Relevant manufacturing cost = $20.71

$7.00 per unit ÷ 4 minutes per unit = $1.75 per minute

$1.75 per minute × 2 minutes = $3.5

$20.71 + $3.5

= $24.21

6 0
3 years ago
As a factor of production, how is capital created? A. By adding land to entrepreneurship B. By adding human labor to land C. By
Dennis_Churaev [7]

Answer:

B

Explanation:

By adding human labor to land

7 0
3 years ago
Read 2 more answers
The business earns $700 of consulting revenue. How would these earnings affect the total equity of a business?a. Liabilities are
Sliva [168]

Answer:

d. Revenues increase, so total equity is increased.

Explanation:

Consulting Revenue of $700 will increase the total revenue of the business and total equity of the business as the revenue will increase the net profit which will ultimately be added to the equity balance. Increase in revenue will result in increase in equity and Increase in expenses will decrease the equity.

3 0
3 years ago
Read 2 more answers
A june sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. the desired ending inventory
ohaa [14]
Purchases = Sales units + Closing inventory - Beginning Inventory
                  = 6,000 + (1,000 * 115%) - 1,000
                  = 6,150 units
7 0
3 years ago
Major goals specify what an organization seeking to achieve a/ in the short term.
alexgriva [62]

Answer:

Major goals specify what an organization seeking to achieve

d/in the long term only

Explanation:

Major organizational goals are usually broad and company-wide goals, focused on the long-term.  These goals are further broken down into manageable unit goals that have medium to short-term durations.  In short, major goals are strategic in nature and may embrace the overarching purposes for setting up the organization in the first place.

5 0
2 years ago
Other questions:
  • The town of Genter recently witnessed a devastating hurricane that crippled the town's infrastructure. Q-Mart, a retail chain th
    11·1 answer
  • At allen and thomas architects, a group of designers are developing the first drawings for a proposed multiuse office developmen
    13·1 answer
  • Foster, who owns a successful business with two locations and a few international clients, was approached by a large organizatio
    7·1 answer
  • Maria is a hard-working college sophomore. One Sunday, she decides to work nonstop until she has answered 100 practice problems
    14·1 answer
  • In economics, all of the following are included among the three main uses of money EXCEPT:
    6·2 answers
  • Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $1,500 for gasoline on t
    15·1 answer
  • Prepare a bank reconciliation as of October 31 from the following information:
    14·1 answer
  • Onslow Co. purchased a used machine for $240,000 cash on January 2. On January 3, Onslow paid $8,000 to wire electricity to the
    7·1 answer
  • Prompt What is liability?
    14·1 answer
  • The focus of Performance Based Logistics (PBL) is to leverage best practices of both Government and Industry.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!