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3 years ago

Garrett Company provided the following information:

Business

1 answer:

Shalnov [3]3 years ago

8 0

Answer:

Correct option is C

Overall operating income will decrease by $25,000.

Explanation:

Sales ratio = Sales of product 1 : Sales of product 2 = 200,000:300,000 = 2:3

Sum of sales ratio = 2+3 = 5

Common fixed cost:

Product 1 = 2/5×46,000 = $18,400

Product 2 = 3/5×46,000 = $27,600

Total net operating income = Net operating income of product 1 + Net operating income of product 2 = 46,600+(2,600) = 46,600-2,600 = $44,000

Now, comparing with the total net operating income of both the product ($44,000) with only product 1 ($19,000); overall operating income decreases by $25,000 (44,000-19,000)

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What type of application control is used on the field “base unit of measure”?

8090 [49]

The answer to your question would be Validity Check because only a fixed limited set of values are allowed. Hoped this helped

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3 years ago

Consider a small economy composed of six people: Yakov, Ana, Charles, Dina, Juanita, and Gilberto. Each person's employment stat

Yanka [14]

Solution and Explanation:

The status of each of the given case is as follows:

person Status Explanation

A Employed He is already working as a coach

B Unemployed Been laid off and also looking for a job

C Not in the labor force Since he was willingly off from the work and he is not actively looking for another work

D Not in the labor force Since she is not actively looking for another work.

E Employed As he is working on novel

F Not in the adult population Since he is 10- year old and is also a student

Labor force participation = Number of labor force divided by Adult population = 3 divided by 5 = 60 percent

Thus, the option D is correct answer.

Unemployment rate = Number of unemployed divided by labor force

= 1 divided by 3 = 33.33 percent

Therefore, the correct option is A option.

7 0

3 years ago

Qin Corp. issued 15-year bonds two years ago at a coupon rate of 5.1 percent. The bonds make semiannual payments. If these bonds

Rina8888 [55]

Answer:

5.54 %

Explanation:

Most Bonds are expressed per $100. I will use this as the Face Value.

We can then calculate the Yield to Maturity (YTM) of the Bonds as follows :

PV = ($100 x 96 %) = - $96

PMT = ($100 x 5.1 %) ÷ 2 = $2.55

N = (15 - 2) x 2 = 26

FV = $100

P/YR = 2

YTM = ??

Using a Financial Calculator to input the values as above, we get a YTM of 5.54 %

8 0

3 years ago

Which of the following statements about credit cards is true?

scoray [572]

Answer:

D. Credit card companies usually charge higher interest rates for cash advances than for purchases.

Explanation:

A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.

Generally, small businesses or companies who avail their customers the opportunity to pay using a credit card will increase the number of customers that would patronize them because they are typically buying the goods and services on credit.

Also, when a credit card holder is requesting for an advance on cash from its merchant or financial institution, they are usually charged more interest rates compared to when using the card to make a purchase.

Hence, the statement which is true about credit card is that, credit card companies usually charge higher interest rates for cash advances than for purchases.

3 0

3 years ago

In its most recent financial statements, Westhouse Corp. reported $41 million of net income and $665 million of retained earning

Lisa [10]

Answer:

$51 million

Explanation:

The movement or difference between the opening and closing retained earnings is the net in the dividends paid and the net income for the year.

Given

net income = $41 million

Opening retained earnings = $675 million

closing retained earnings = $665 million

Dividend paid = p

$675 million + $41 million - p = $665 million

p = $675 million + $41 million - $665 million

p = $51 million

Dividend paid to shareholders is $51 million

4 0

3 years ago