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3 years ago

Drew monthly net income is 800 what is the maximum he should use on debt payments

Business

1 answer:

dmitriy555 [2]3 years ago

8 0

The answer would be $160. You get this answer by taking 20% of 800.

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What problems can result for an organization and its customers when the organization acts in an ethically questionable manner?

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Sales manager and buyer the organization acts in an ethically questionable manner

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3 years ago

Mark avoids high-end brands as he considers them expensive. However, during one of his shopping trips, he notices that a luxury

balandron [24]

Answer:

Just Meaningful Difference 

Explanation:

The Just meaningful difference , or simply JMD, Symbolizes the slightest amount of stimulation shift which would impact consumption and preference of consumers.

Example will include, when a price of a can of soda increases slightly from $2.36 to $3.28

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3 years ago

Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Tra

Marizza181 [45]

Answer:

It is $9,000 (B)

Explanation:

Total paid dividends paid = $60,000

Return on Investment = $60,000 *15%

=$9,000.

Gaw Company investment in Trace Corporation will be treated as Investment Assets. In its book ,it can only recognize its share of dividend paid as return on investment.

Gaw Company cannot recognize its share of entire net income of Trace because it doesn't have controlling interest (i.e subsidiary) in the company neither does it have significant influence (i.e associate).

3 0

3 years ago

On December 31, Rivera Company receives a utility bill in the mail for $440. Rivera Company intends to pay the bill in early Jan

olga55 [171]

Answer:

(a)overstated

(b)overstated

(c)no effect

Explanation:

(a) As there is an expense account (utilities expense) which, is not included in the income statement, result for the year will be higher than if was.

(b)The revenues account will be oaky. But, the total expenses will be lower, as there are cost of the period which are not included.

So the Net incoem will be higher than a correct income as their expenses do not include this utilities expense

(c) The balance sheet will have no effect in the total Asset or Total Liaiblities+SE but, it is a change in the composition.

The income (reained earnings) should be lower as the income will be lower and a liability will be create (utilities payable) to fill this so:

with the mistake:

liab 0 equity (+400)

ammending the mistake

liab 400 equity 0

the net effect is zero.

It will decrease equity and increase liability, but the su of both will be the same

7 0

3 years ago

Loren Company's single product has a selling price of $15 per unit. Last year the company reported total variable expenses of $1

34kurt

Answer:

If the company applies the changes, income will increase by $28,500.

Explanation:

First, we need to calculate the current number of units sold:

Sales (dollars)= net income + fixed costs + total variable cost

Sales (dollars)= 30,000 + 90,000 + 180,000

Sales (dollars)= $300,000

Number of units= 300,000 / 15= 20,000

Now, the selling price increases by 15%, and the number of units decreased by 10%:

Unitary variable cost= 180,000/20,000= $9

Selling price= 15*1.15= $17.25

Number of units sold= 20,000*0.9= 18,000

Net operating income= 18,000*(17.25 - 9) - 90,000

Net operating income= $58,500

If the company applies the changes, income will increase by $28,500.

4 0

3 years ago