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Katen [24]
3 years ago
8

Grant has avoided applying for credit cards or taking loans. He only uses his savings to pay for purchases. What is the most lik

ely result of his choice?
He will not be able to buy a house or car.
He will not have any debt to pay back.
He will not be able to buy expensive things.
He will not have any money for emergencies.
Business
2 answers:
adelina 88 [10]3 years ago
5 0

Answer:

C he will not be able to buy expensive things

Explanation:

stellarik [79]3 years ago
4 0
He will not be able to buy expensive things. Hope it helps :)
You might be interested in
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Num
svlad2 [7]

Answer:

If we use the data of january then the quation of line is

y=mx+c

3500=40000m+2000

3500 is the value on Y axis, 40000 is the value on x axis, m is the slope of the line, 2000 is the Y intersect

the slope of the line will be 3/80 or 0.0375 and this tells the line is positive sloping.

5 0
3 years ago
Jen is investing in a partnership with Lisa. Jen contributes equipment that originally cost $65,000, has accumulated depreciatio
Gelneren [198K]

Answer:

Debit to equipment for $52000

Explanation:

Based on the information given we were told that Jen had a fair value of the amount of $52,000. This means that the Journal entry to record the initial contribution to the partnership will tend to include a DEBIT TO EQUIPMENT FOR THE AMOUNT OF $52,000 which is the fair value amount.

Debit to equipment for $52,000

3 0
2 years ago
9.4 Working Capital. Identify the working capital accounts related to (a) revenues recognized and deferred, (b) cost of goods so
zubka84 [21]

Answer:

(a) revenues recognized and deferred,

a decrease in deferred revenues and a recognition of accrued revenues results in higher working capital (current assets increase while current liabilities decrease)

(b) cost of goods sold,

An increase in cost of goods sold results in a decrease of inventories, therefore, working capital decreases (less current assets)

(c) employee salary and wages

employee wages decrease cash (if they are paid) or increase wages payable (current liability) if they are not paid yet. It decreases working capital

(d) income tax expense.

income taxes decrease cash (if they are paid) or increase income taxes payable (current liability) if they are not paid yet. It decreases working capital

5 0
2 years ago
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month
statuscvo [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Claimjumper Makeover

Total Sales:

Claimjumper= $116,000

Makeover= $58,000

Total= $174,000

Variable expenses:

Claimjumper= $35,800

Makeover= $7,700

Total= $43,500

Contribution margin:

Claimjumper= $80,200

Makeover= $50,300

Total= $130,500

Fixed expenses 83,250

<u>Sales proportion:</u>

Claimjumper= 116,000/174,000= 0.67

Makeover= 58,000/174,000= 0.33

<u>Variable cost proportion:</u>

Claimjumper= 35,800/43,500= 0.82

Makeover= 7,700/43,500= 0.18

First, we need to calculate the contribution margin ratio for the company:

Weighted average contribution margin ratio= (weighted average selling price - weighted average unitary variable cost)/ weighted average selling price

Weighted average contribution margin ratio= 130,500/174,000

Weighted average contribution margin ratio= 0.75

Now, we can calculate the break-even point in dollars:

Break-even point (dollars)= fixed costs/ Weighted average contribution margin ratio

Break-even point (dollars)= 83,250/0.75

Break-even point (dollars)= $111,000

Finally, we structure the income statement:

Sales= 111,000

Total variable costs= (111,000*0.25)= (27,750)

<u>Income statement:</u>

Sales:

Claimjumper= 111,000*0.67= 74,370

Makeover= 111,000*0.33= 36,630

Variable costs:

Claimjumper= 27,750*0.82= (22,755)

Makeover= 27,750*0.18= (4,995)

Contribution margin= 83,250

Fixed costs= 83,250

Net operating income= 0

6 0
3 years ago
____________ is made up of behaviors that focus specifically on reducing the efficiency of work output.
Sauron [17]

Answer:

Production deviance

Explanation:

Deviance is the word which is defined as any kind of behavior which violates the cultural norms or the rules.

Production deviance is the term which is described as the behavior which violates the formally prescribed norms or the rules of the business or the organization, in respect to the minimal quality and the quantity of the work to achieve as part of a single job.

So, the production deviance is the one which is made up of the behaviors which focus on decreasing the efficiency of the work output.

6 0
3 years ago
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