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OLga [1]
3 years ago
12

Janis starts a small quilting and embroidery business. She purchases a technologically advanced quilting machine and an embroide

ry machine for a combined $25,000. Her monthly payments on the equipment are $500, but she has only one client at this time. Janis is facing a potential:_________
A) inventory flow problem.
B) cash-flow problem.
C) competitive advantage.
D) overexpansion problem.
E) advertising issue.
Business
1 answer:
QveST [7]3 years ago
7 0

Answer:

B. Cash Flow problem

Explanation:

Cash flow problem occurs in a business when the business struggles to pay back debts. It happens when a business cannot longer cover its debt payments and operational expenses. It is very common in new and growing business, because during growth period in a business, expenses are larger than receivables.

Janis in this case is facing cash flow problems as she is not getting enough clients and receivables to pay back the expenses her equipment is bringing in. The major solution to cash flow problem for short term/temporary issues is Financing.

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Q 4.26: on december 31, 2017, before any year-end adjustments, canterbury shoe repair's prepaid insurance account had a balance
melamori03 [73]

<u>Calculation of adjusted balance for prepaid insurance at December 31, 2017:</u>


It is given that on December 31, 2017, before any year-end adjustments, Canterbury shoe repair's prepaid insurance account had a balance of $3,500. It was determined that $2,200 of the prepaid insurance had expired.

So the adjusted balance for prepaid insurance at December 31, 2017, shall be (3500-2200) = <u>$1,300</u>




3 0
3 years ago
In 2016, Teller Company sold 3,000 units at $600 each. Variable expenses were $420 per unit, and fixed expenses were $270,000. T
Aleksandr-060686 [28]

Answer:

1500

Explanation:

Breakeven point is the number of units produced and sold where net income is art on it is where revenue equals cost.

The formula for calculating break even points = F / (P - V)

F = fixed cost

P = price

V = variable cost per unit

$270,000 / ($600 - $420) = 1500

I hope my answer helps you

6 0
3 years ago
King Mechanic is a very profitable automobile repair shop. The company is well known for its great service and involvement in th
Sophie [7]

Answer:

Social

Explanation:

Social responsibility refers to an individual or organization's obligations towards society to protect and preserve environment and natural resources. Organizations are supposed to earn profits without hampering the environment.

Here, King Mechanic earns profit but fails to fulfill social responsibility of disposing used oil safely as instructed in the environmental regulations.

4 0
2 years ago
Assume you have a business that provides products to older people. Looking ahead, you have reason to expect ________Assume you h
butalik [34]

Answer:

increasing sales, because your target population is increasing in size.

Explanation:

There will definitely be a bright future in the business because the targeted population which happens to be the elderly ones keeps increasing in size, hence, there will be increase in sales and in turn there will be increase in turnover which is a good thing for the business.

6 0
3 years ago
Sarah is using the needs approach to determine how much life insurance to buy. Her cash needs are $30,000; her income needs are
levacccp [35]

Answer:

$130,000

Explanation:

Sarah is making use of the needs approach to determine how much life insurance to buy

The first step is to calculate the total amount of life insurance

Total amount of life insurance = Total needs - total assets

Total need = income needs + cash needs + special needs

= $140,000 + $30,000 + $100,000

= $270,000

Total assets= retirement plan + bank account + investment account

= $30,000 + $20,000 + $40,000

= $90,000

Total amount of life insurance = $270,000-$90,000

= $180,000

Since Sarah is covered by $50,000 group insurance by her employer then the additional life insurance that should be purchased can be calculated as follows

= $180,000 - $50,000

= $130,000

3 0
3 years ago
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