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4 years ago

When Miguel gets his paycheck, he pays himself first by _____.

Business

2 answers:

Andrews [41]4 years ago

8 0

Answer:A

Explanation:

devlian [24]4 years ago

4 0

Answer:

A) Setting aside at least $50 each month for savings

Plugged in:

When Miguel gets his paycheck, he pays himself first by setting aside at least $50 each month for savings.

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Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 69,00

Gnesinka [82]

Answer:

It is cheaper to make the units in-house. The company will save $207,000.

Explanation:

Giving the following formula:

Production:

Direct materials $ 5.00

Direct labor 9.00

Varaible overhead= 10 - 8= $2

Total fixed overhead= (10*0.8)*69,000= $621,000

Direct materials and direct labor are 100% variable.

Overhead is 80% fixed.

An outside supplier has offered to supply the 69,000 units of RX5 for $19.00 per unit.

I will assume that none of the fixed overhead is avoidable.

<u>First, we need to calculate the incremental cost of making 69,000 units. As it is incremental, we will take into account only the variable costs:</u>

Make in-house:

Total variable cost= 69,000*(5 + 9 + 2)= $1,104,000

<u>Now, the total cost of buying:</u>

Buy:

Total cost= 69,000*19= $1,311,000

It is cheaper to make the units in-house. The company will save $207,000.

6 0

3 years ago

Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of

Sveta_85 [38]

No, it will not be affected as contingent liabilities are yet not recognized.

Assets are owned by the company and liabilities are borne by the company. Both are listed on the company's balance sheet, which is a financial statement that shows the financial condition of the company. Assets fewer liabilities equal the owner's equity or net worth.

Debt mainly has three classifications. These are short-term liabilities, long-term liabilities, and contingent liabilities. Short-term and long-term liabilities are the most common in business. As with businesses, the net worth of an individual or household is determined by weighing assets and liabilities for most households, liabilities.

Learn more about liabilities at

brainly.com/question/24534918

#SPJ4

6 0

1 year ago

Assume the market for oranges is perfectly competitive. If the demand for oranges increases, will the market supply additional

DiKsa [7]

Answer:

The correct answer is option B.

Explanation:

The market for oranges is perfectly competitive. An increase in the demand for oranges will cause the demand curve to move to the right. This rightward shift in the demand curve will cause the equilibrium price and quantity to increase.

At higher price, the producers will supply more oranges, because they will earn more profits. The supply of product is positively related to its price. So at higher price of oranges, more quantity will be supplied.

5 0

3 years ago

Determine the future value of $21,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1,

Marat540 [252]

Answer:

(a) $43,656.90

(b) $33,698.70

(c) $43,967.70

Explanation:

Future Value of annuity shall be:

(a) 10% for 8 years, Semiannually compounded

In this since the interest is compounded semiannually, the effective interest rate = 10/2 = 5%

Future Value of $1 in 8 years with 10% interest compounded semiannually = 2.0789

Value of $21,000 = $21,000 $\times$ 2.0789 = $43,656.90

(b) 12% for 4 years, Quarterly Compounded

In this since the interest is compounded quarterly, that is 4 times in a year, effective interest rate = 12/4 = 3%

Future value of $1 in 4 years with 12% interest compounded quarterly = 1.6047

Value of $21,000 = $21,000 $\times$ 1.6047 = $33,698.70

In this since the interest is compounded monthly effective interest rate = 36/12 = 3%

Therefore, Future Value of $1 in 25 months @36% compounded monthly = $2.0937

Value of $21,000 = $21,000 $\times$ 2.0937 = $43,967.70

7 0

3 years ago

odfrey would like to start a business that will eventually have a potential to grow. He would like the trade partner to be an As

nata0808 [166]

Answer:

First, let us correct a mistake, the name is Godfrey and not Odfrey.

The nation that Godfrey would most likely make his trading partner is India.

Explanation:

There are three qualities listed in the question above that India possesses, they are:

1. Democratic Asian Country

2. Economic Growth Potential

3. Large Population of Potential Customers.

1. India is a Federal Republic that is governed in a Democratic Parliamentary system.

2. The economy of India is the fifth largest in the world, with a GDP of $2.94 trillion. Also, India's markets have slowly been opened up through Economic Liberalization. Economic reforms have also helped in making the economy one of the top ten fastest growing economies in the world.

3. The population of India is 1.37 billion, second only to China. With this population, there is a huge potential when it comes to customers for Godfrey's business.

4 0

4 years ago

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