Explain why making the minimum payment leads to paying the most interest (APEX 5.3.1)

The Pioneer Company has provided the following account balances: Cash $38,600; Short-term investments $4,600; Accounts receivabl

Artyom0805 [142]

Answer:

Total Current Assets $ 100,800

Explanation:

The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)

Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset

Cash $ 38,600

Short-term investments $ 4,600

Accounts receivable $ 51,000

Supplies <u> $ 6,600 </u>

Total Current Assets $ 100,800

4 0

3 years ago

Coast to Coast Surfboards Inc. manufactures and sells two styles of surfboards, Atlantic Wave and Pacific Pounder. These surfboa

podryga [215]

Answer:

Contribution margin ratio:

For East Coast = 10%

For West Coast = 8.05%

Explanation:

As per the data given in the question,

Contribution margin by sales territory report :

C C S Inc.

Contribution margin by Territory

Particulars East Coast West Coast

Sales (a) $8,400,000 $8,610,000

(30,000×$280)+(0×$130)

(21,000×$280)+(21,000×$130)

Less: variable cost of goods sold(b) $6,600,000 $6,657,000

(30,000×$220)+(0×$97)

(21,000×$220)+(21,000×$97)

Manufacturing margin (c=a-b) $1,800,000 $1,953,000

Less: Variable selling expense (d) $960,000 $1,260,000

(30,000×$32)+(0×$28)

(21,000×$32)+(21,000×$28)

Contribution margin (e=c-d) $840,000 $693,000

For East Coast:

Contribution margin ratio = (Contribution margin ÷ Sales revenue)×100

=($840,000÷ $8,400,000)×100

= 10%

For west coast:

Contribution margin ratio = (Contribution margin ÷ Sales revenue)×100

=($693,000 ÷ $8,610,000)×100

= 8.05%

4 0

3 years ago

Leisure Inc. is a vacation planning company. It provides various holiday packages, such as camping outdoors, adventure sports, i

bekas [8.4K]

Answer:

The answer is: lifestyle segmentation

Explanation:

Lifestyle segmentation refers to the marketing practice of categorizing customers into small groups, and the more information available about the potential customers, then their are divided into smaller sub-groups. These sub-groups are formed using the customers' lifestyles as basis; what do these customers like to do, what they don't like to do, how they live, etc.

Leisure Inc. uses its customers' recreational preferences (part of their lifestyle) to create small sub-groups, e.g. those who like camping, adventure sports, trekking, etc.

4 0

3 years ago

Match each of the global business practices with an example of its use.

Levart [38]

a. offshoring-------a brazilian clothing company opens a factory in indonesia to take advantage of lower labor costs.

Offshoring, the act of outsourcing tasks abroad, for the most part by organizations from industrialized nations to less-created nations, with the aim of diminishing the cost of working together. Boss among the particular explanations behind finding tasks outside an organization's nation of origin are bring down work costs, more tolerant ecological controls, less stringent work directions, ideal duty conditions, and vicinity to crude materials.

b. outsourcing------a u.s. clothing company buys shirts and pants from a clothing manufacturer in turkey.

Outsourcing is the business practice with regards to hiring a party outside an organization to perform benefits and make merchandise that generally were performed in-house by the organization's own representatives and staff. Normally done as a cost-cutting measure, it can influence employments going from client support to assembling to the back office.

c. insourcing-------a mexican clothing company opens a textile mill in the united states where it sells most of its products.

Insourcing is the initiation of playing out a business work that could be contracted out internally: either with the assistance of an outsider supplier who plays out the undertaking nearby, or by leading said errand independently. Very frequently it is viewed as inverse of outsourcing. Insourcing is a business choice that is frequently made to keep up control of basic creation or abilities. Insourcing is broadly utilized underway to lessen expenses of duties, work and transportation.

3 0

3 years ago

Which risk is most prominent when buying an umbrella for the rainy season?

Neporo4naja [7]

Answer:

B.

Explanation:

Due to the rainy season when considering to buy a umbrella the largest risk or concern is how well it will work or its performance.

4 0

3 years ago