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2 years ago

Which of the following situations represents financially responsible choices? Select all that apply.

Business

2 answers:

Fed [463]2 years ago

6 0

Answer:

making on time payments on a debt

purchasing a large kitchen appliance with cash

saving 25% of every paycheck

Gnom [1K]2 years ago

5 0

making on time payments on a debt
 purchasing a large kitchen appliance with cash
 saving 25% of every paycheck

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QUESTION 5 of 20: You plan to put anti-theft devices on each garment in your store. You have 575 garments and it takes an employ

Aleksandr [31]

Answer:

1.6

Explanation:

I just did my marketing quiz, it comes out at about 1.59 so 1.6

7 0

3 years ago

A company wants to have $20,000 at the end of a ten-year period by investing a single sum now. How much needs to be invested in

SSSSS [86.1K]

Answer:

8448.22

Explanation:

We are asked to calculate the present value of 20,000 in ten years.

$\frac{amount}{ {(1 + rate)}^{time} } = present \: value$

$\frac{20000}{ {(1 + 0.12)}^{10} } = 8448.22$

Resuming: in this kind of problems we are asked for which lump sum becomes a certain amount in a given period of time at an annual rate

3 0

3 years ago

CVP analysis, shoe stores.The HighStep Shoe Company operates a chain of shoe stores that sell 10 different styles of inexpensive

Lilit [14]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

UNIT VARIABLE DATA:

Selling price $60

Cost of shoes 37

Sales commission 3

Total Variable cost per unit 40

ANNUAL FIXED COSTS

Rent $30,000

Salaries 100,000

Advertising 40,000

Other fixed costs 10,000

TOTAL FIXED COSTS $180,000

1) Break-even point (units)= fixed costs/ contribution margin

Break-even point (units)= 180,000/ (60 - 40)= 9,000 pair of shoes

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 180,000 / (20/60)= $540,000

2) Q= 8,000

Income= quantity* contribution margin - fixed costs

Income= 8000*20 - 180,000= $-20,000

3) Variable costs= $37

Fixed costs= 180,000 + 15,500= $195,500

Break-even point (units)= 195,500 / (60 - 37)= 8,500 pair of shoes

Break-even point (dollars)= 195,500 / (23/60)= $510,000

4) Comission= $2

Variable costs= 42

Break-even point (units)= 180,000 / (60 - 42)= 10,000 pair of shoes

Break-even point (dollars)= 180,000 / (18/60)= $600,000

5) comission= $2 post 9,000 pair of shoes

Income= 9,000*20 + 3,000*18 - 180,0000= $54,000

5 0

3 years ago

The accounts listed below appeared in the December 31 trial balance of the Savard Theater.

n200080 [17]

Answer:

1. Dr Depreciation expense $10,566

Cr Accumulated depreciation-equipment $10,566

2. Dr Interest expense $1,440

Cr Interest payable $1,440

3. Dr Admission revenue $57,300

Cr Deferred revenue $57,300

4. Dr Prepaid advertising $1,025

Cr Advertising expense $1,025

5. Dr Salaries and wages expense $4,408

Cr Salaries and wages payable $4,408

Explanation:

Preparation of the annual adjusting entries necessary on December 31.

1. Dr Depreciation expense $10,566

(192,000-22,944/16)

Cr Accumulated depreciation-equipment $10,566

2. Dr Interest expense $1,440

(90,000*8%*72/360)

Cr Interest payable $1,440

3. Dr Admission revenue $57,300

($1,910*30)

Cr Deferred revenue $57,300

4. Dr Prepaid advertising $1,025

Cr Advertising expense $1,025

5. Dr Salaries and wages expense $4,408

Cr Salaries and wages payable $4,408

8 0

2 years ago

Which term most closely matches the description: a. Any real or potential condition that can cause injury, illness, or death to

Vesna [10]

Answer:

It's (A): HAZARD

5 0

3 years ago