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3 years ago

Becoming financially literate is important because it can

Business

2 answers:

Anni [7]3 years ago

6 0

D) help you earn a degree

ki77a [65]3 years ago

3 0

Answer:

<em>A) Save you money </em>

Explanation:

Financial literacy is important for us. As per a 2015 report published by the Financial Industry Regulatory Authority (FINRA) two thirds of Americans do not even have the basic financial knowledge, it also told that if finance topics like debt, interest rates and budgeting are taught at school it impacts the spending, saving and financial decisions in adulthood.

Financial literacy can help people to become financially stable and self sufficient. It allows them to distinguish between needs and wants and managing their budget so that they could save money for paying bills, buying home and plan for their retirement. Early education helps them to develop healthy relationship with money and they learn the importance of earning, saving and managing the budget and helps to become a financially independent person.

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A(n) _____ is the visual representation of a company's structure. a. division of labor chart b. organization chart c. work speci

grin007 [14]

Answer:

B. Organization chart

Explanation:

An organization chart shows or gives a graphical/visual representation of the organization's or company's structure. Its shows the interrelationship between various units in the organization or company. It conveys the organization's internal structure by specifying roles, responsibilities by position and relationships between individuals in the organization or company. They are also called organogram or organigram.

5 0

3 years ago

Read 2 more answers

Philadelphia Company has the following information for March: Sales $450,000 Variable cost of goods sold 240,000 Fixed manufactu

Effectus [21]

Answer:

Manufacturing margin = $210,000

Contribution margin = $158,000

Operating income = $53,000

Explanation:

Requirement 1

We know,

Manufacturing margin = Sales revenue - Cost of goods sold

given,

Sales revenue = $450,000

Cost of goods sold = $240,000

Putting the values into the formula, we can get

Manufacturing margin = Sales revenue - Cost of goods sold

Manufacturing margin = $450,000 - $240,000

Manufacturing margin = $210,000

Manufacturing margin also called gross margin.

Requirement 2

Contribution margin = Sales revenue - Variable expense

Given,

Sales revenue = $450,000

Variable expense = Variable cost of goods sold + Variable selling and administrative expenses

Given,

Variable cost of goods sold = $240,000

Variable selling and administrative expenses = $52,000

Putting the values into the formula, we can get

Variable expense = $240,000 + $52,000

Or, Variable expense = $292,000

Therefore,

Contribution margin = $450,000 - $292,000

Contribution margin = $158,000

Requirement 3

Operating income = Contribution margin - Fixed expense

Given,

Contribution margin = $158,000 (From requirement 2)

Fixed expense = Fixed manufacturing costs + Fixed selling and administrating expenses.

Fixed expense = $70,000 + $35,000

Fixed expense = $105,000

Putting the values into the formula, we can get

Operating income = Contribution margin - Fixed expense

Operating income = $158,000 - $105,000

Operating income = $53,000

5 0

3 years ago

Which u.s. government agency has the primary responsibility in reviewing food and package labels to ensure claims made by the ma

Ghella [55]

The FDA is responsible for <span>reviewing food and package labels.</span>

4 0

3 years ago

Read 2 more answers

On January 1, Year 1, Gemstone Mining Company (GMC) paid $10,500,000 cash to purchase a stone pit estimated to hold 50,000 tons

Varvara68 [4.7K]

Answer:

Cost of Mining Stone pit = $10,500,000

Salvage value at the end of third year = $500,000

Total expected mining during the life = 50,000 tonnes

Depletion per tonne = (cost - salvage) ÷ total expected mining

= (10,500,000 - 500,000) ÷ 50,000

= $200 per tonne

Stone extracted during the year = 10,000 tonnes

Depletion expense of Year 1 = 10,000 tonnes @ 200 per tonne

= $2,000,000

JOURNAL ENTRY:

Depletion expense A/c Dr. $2,000,000

To Accumulated Depletion- Mining rights $ 2,000,000

(To record depletion expense for Year 1)

6 0

3 years ago

A ________ illustrates consumer views of brands versus those of competing products on important buying dimensions.

erma4kov [3.2K]

The answer is product's position. This involves the impression, perception, and feeling of the consumer to a product relative to competing brands. It is also about positioning the product in the consumer minds and its ability to be differentiated from others.

7 0

3 years ago