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LekaFEV [45]
3 years ago
9

How is a line credit different from a loan

Business
1 answer:
Ulleksa [173]3 years ago
8 0

Because a line credit is when the government give u credit and a loan is when the government give u a loan.

You might be interested in
LCM of 36 48 50 and 80<br>can you please help me​
Keith_Richards [23]
It should be 2, that is the smallest number they can all be divided by that is not 1 or 0
4 0
4 years ago
Ahmed runs a bakery that sells two kinds of pies. Ahmed knows the bakery must make at least 6 and at most 48 batches of the Choc
Dafna11 [192]

Answer:

Ahmed must bake 48 Chocolate Decadence pies and 7 Mint Breezes pies in order to get the maximum possible profit = $131.91

Explanation:

let x = chocolate decadence

let y = mint breezes

maximize revenue equation = 2.56x + 1.29y

the constraints are:

7x + 8y ≤ 392

x ≥ 6

x ≤ 48

y ≥ 3

y ≤ 42      

using solver, profits are maximized when 48x + 7y = $131.91

5 0
4 years ago
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $33 per share. Later in the year, the compa
IceJOKER [234]

Answer:

Debit Treasury stock for $3,600

Credit Cash also for $3,600

Explanation:

A share repurchase which is also known as a share buyback refers to an act of buying back by a company of its own shares from the market.

A share repurchase is another flexible way thrrough which a company returns money back to shareholders.

The repurchase of California Surf Clothing Company can be recorded as follows:

<u>Account Name                   Dr ($)              Cr ($)            </u>

Treasury stock (w.1)          3,600

Cash                                                         3,600

<em><u>(To record 100 shares repurchase at $36 per share.)  </u></em>

Working

w.1: Treasury stock = Number of shares repurchase * Cost per share = 100 * $36 = $3,600

5 0
4 years ago
Fillmore Industries is a vertically integrated firm with several divisions that operate as decentralized profit centers. Fillmor
Fittoniya [83]

Answer:

Fillmore Industries

Fillmore's Systems Division

1. Minimum and Maximum Transfer Prices:

                                PCB      Transistor

Minimum transfer

price                  $12.00      $3.45

Maximum transfer

price                  $12.09      $3.58

2. Yes. The Transistor Division can meet this price.  It can sell at $2.60 (Variable cost plus markup) by eliminating the fixed cost, which is not a relevant cost.

3. A transfer price of $11 reduces the profitability of the Transistor Division while it increases the profitability of the other division.  The transfer price should be a market-competitively determined price to encourage efficiency in the divisions.

Explanation:

a) Data and Calculations:

                                PCB      Transistor

Direct materials      1,85          0,40

Direct labor            4,20          0,90

Variable overhead 2,40          0,70

Fixed overhead     0,85          0,75

Total Cost              9,30          2,75

Marked up Price $12.09      $3.58

Minimum transfer

price                  $12.00      $3.45

Maximum transfer

price                  $12.09      $3.58

Market price       $12.00     $3.45

5 0
3 years ago
Peggy McLaughlin runs an ice cream shop. She is determining how many employees should work next week and at what times. She is p
Lunna [17]

Answer:

organizing

Explanation:

its jacksepticeyes sister his full name is sean McLaughlin

7 0
4 years ago
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