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olga nikolaevna [1]
3 years ago
13

Can you describe cody's current financial position as good average or poor

Business
1 answer:
Slav-nsk [51]3 years ago
8 0
The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....

If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.

Assets                                            Liabilities
TV-                    250                         student  loan          2600
Mp3 Player       200                         credit card 1             850                                  Laptop              750                         credit card 2           1200                                  Game system   250                         loan from parents     200                                   watch                200                         truck                       3200                                   Checking Account       560                                                                                        Savings Account 1      945                                                                                  Savings Account 2   3400                                                                                      TOTAL                 $  6555               TOTAL              $8050                LOSS $-1495                          
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An economy enters an expansion and GDP increases from $34,000 to $40,000. What is the percent change in real GDP? Round your ans
Blababa [14]

The percent change in real GDP is 17.65%

<h3>What is the GDP of an economy?</h3>

The gross domestic product (GDP) is the sum of all value contributed to a given economy. The value-added is the difference between the value of the products and services produced and the value of the goods and services required to produce them.

The percent change in real GDP can be calculated by using the formula:

\mathbf{=\dfrac{New \ GDP - Old \ GDP}{Old \ GDP } \times 100}

\mathbf{=\dfrac{40000 -34000}{34000 } \times 100}

= 17.65%

Learn more about gross domestic product (GDP) here:

brainly.com/question/1383956

6 0
2 years ago
Business ethics: Results in a set of correct decisions made by a company Refers to a standard of business conduct Can improve bu
Firlakuza [10]

Answer:

The answer is: Refers to a standard of business conduct and can improve business decisions

Explanation:

Business ethics are the moral principles and values that guide how a company behaves. It´s a way for distinguishing if something is right or wrong.

Since any business is part of a community (or several communities in case of big corporations) its decisions are judged by the community. Customers don´t tolerate flagrant unethical business behavior, no matter what excuse.

Customers like businesses that show ethical values. That is why some corporations try to present themselves as ecological or caring about their community.  

7 0
3 years ago
Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
tekilochka [14]

Answer:

Explanation:

In this question, we apply the lower of cost or market (LCM) rule which is shown below:

For Product 1

The Cost is $20

And, the market value = Selling price - selling cost - normal profit margin

                                     = $40 - $6 - $5

                                     = $29

So, the lower value would be $20

For Product 2

The Cost is $90

And, the market value = Selling price - selling cost

                                     = $120 - $40

                                     = $80

So, the lower value would be $80

For Product 3

The Cost is $50

And, the market value = Selling price - selling cost - normal profit margin

                                     = $70 - $10 - $12

                                     = $48

So, the lower value would be $48

In the product 2, the replacement cost is 85 and the market value without considering the normal profit margin is $80 which is less than the replacement cost that's why we do not take the normal profit margin

5 0
3 years ago
Mr. Curtis paid the following taxes: Federal income tax $ 72,250 Federal gift tax 361 Federal employer payroll tax for housekeep
tia_tia [17]

Answer:

Mr Curtis can deduct his total property taxes of $ 7,810.00  as well as the Indiana state income tax of $8,120.00 ,since this exceeds the Indiana state sales tax on consumer goods and services of $2,890.00 paid by Mr Curtis during the year.

Finally,the remaining are not deductible

Explanation:

In other words the following taxes are not deductible:

1.Federal income tax $72,250.00

2.Federal gift tax $361

3.The Federal payroll tax for housekeeper $1,301

4.Indiana sales tax on consumer goods and services$2,890

Lastly the property taxes deductible is computed thus:

Principal residence $3,980.00

Vacation home       $2,530.00

Two automobiles    $1,300.00

Total                         $ 7,810.00  

8 0
3 years ago
Bob roberts founded robertico, an equipment leasing company, three decades ago. although he is now in his seventies, he still ha
sergij07 [2.7K]

Bob has an autocratic buying center culture

Reason: Here we refer to "hands on" management style which means Bob has supreme power on all his employees. Everything in the organization has to be done as per his terms. Hence we can say that this is an autocratic form of culture

8 0
3 years ago
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