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3 years ago

If your total monthly costs are bigger than your total monthly income you have a problem! Explain why? What should you do?

Business

1 answer:

Ratling [72]3 years ago

5 0

Answer with its Explanation:

Because for meeting my expenses, I would require additional funds and this additional funds would come by borrowing money. Now again, the bank or the lender will not lend money because I can not pay them the interest as I have no savings. So lenders only lend money to those who are able to manage their expenses and due to this capability have savings.

So the best thing would be to reduce the costs below the monthly income and increase the savings so that I am not asking bank or the lender for giving me a loan.

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Stockholders of Dogs R Us Pet Supply expect a 12% rate of return on their stock. Management has consistently been generating an

alexandr402 [8]

Answer:

100%

Explanation:

Stockholders of Dog's R Us Pet Supply expect a 12% rate of return on their stock. Management has consistently been generating a ROE of 15% over the last 5 years but now believes that ROE will be 12% for the next five years. Given this the firm's optimal dividend payout ratio is now 100%

8 0

3 years ago

g Corporation's cost formula for its bungalow operating cost is $2,960 per month plus $326 per day. For the month of December, t

Advocard [28]

Answer: $942 U

Explanation:

Budgeted cost was $2,960 per month plus $326 per day and there were 18 days of actual activity.

Budgeted cost = 2,960 + 326 * 18

= $‭8,828‬

Variance = Budgeted cost - Actual cost

= ‭8,828‬ - 9,770

= -$942

Budgeted cost is less than Actual cost which means the Variance is UNFAVORABLE.

5 0

3 years ago

The delivery of computing as a service is knonw as?

ZanzabumX [31]

Answer:

Infrastructure as a service

Explanation:

5 0

4 years ago

By definition, imports are Group of answer choices people who work in foreign countries. limits placed on the quantity of goods

Naddik [55]

Answer:

goods produced abroad and sold domestically.

Explanation:

Exports are goods produced in the domestic economy and sold abroad.

Quotas limits placed on the quantity of goods leaving a country.

Countries trade goods for which they have comparative advantage and not absolute advantage.

I hope my answer helps you

5 0

3 years ago

Mercury Inc. purchased equipment in 2019 at a cost of $497,000. The equipment was expected to produce 580,000 units over the nex

Ivan

Answer:

Gain or (Loss) on sale = (17000) Loss

Cash 253600 Dr

Accumulated Depreciation 226400 Dr

Loss on Sale 17000 Dr

Equipment 497000 Cr

Gain or (Loss) on sale = 9400 Gain

Cash 280000 Dr

Accumulated Depreciation 226400 Dr

Gain on Sale 9400 Cr

Equipment 497000 Cr

Explanation:

We first need to calculate the carrying value of the equipment at the date of disposal. The carrying value is calculated as follows,

Carrying value = Cost - Accumulated depreciation

Depreciation 2019 = (497000 - 33000) * 83000 / 580000

Depreciation 2019 = 66400

Depreciation 2020 = (497000 - 33000) * 133000 / 580000

Depreciation 2020 = 106400

Depreciation 2021 = (497000 - 33000) * 67000 / 580000

Depreciation 2021 = 53600

Carrying value = 497000 - [ 66400 + 106400 + 53600 ]

Carrying value = $270600

Gain or (Loss) on sale = Sales price - Carrying Value

Gain or (Loss) on sale = 253600 - 270600

Gain or (Loss) on sale = (17000) Loss

Cash 253600 Dr

Accumulated Depreciation 226400 Dr

Loss on Sale 17000 Dr

Equipment 497000 Cr

Gain or (Loss) on sale = Sales price - Carrying Value

Gain or (Loss) on sale = 280000 - 270600

Gain or (Loss) on sale = 9400 Gain

Cash 280000 Dr

Accumulated Depreciation 226400 Dr

Gain on Sale 9400 Cr

Equipment 497000 Cr

6 0

3 years ago