Stuck on this one is financial literacy please help

Marie saved $51. on wednesday, she spent $8 of her savings. what ratio represents the portion of her total savings that she stil

ASHA 777 [7]

43.51

hope this helps

6 0

3 years ago

Ferkil Corporation manufacturers a single product that has a selling price of $20.00 per unit. Fixed expenses total $63,000 per

pshichka [43]

Answer:

Break-even point= 11,500 units

Explanation:

Giving the following information:

Selling price= $20.00 per unit.

Fixed expenses= $63,000 per year.

Break-even point= 9,000 units to break even.

Desired profit= $17,500

First, we need to calculate the unitary variable cost:

Break-even point= fixed costs/ contribution margin

9,000= 63,000 / (20 - unitary variable cost)

9,000*20 - 9,000x= 63,000

180,000 - 63,000= 9,000x

117,000/9,000=x

13= unitary variable cost

Now, we can calculate the number of units:

Break-even point= (fixed costs + desired profit) / contribution margin

Break-even point= (63,000 + 17,500) / (20 - 13)

Break-even point= 11,500 units

3 0

3 years ago

A corporation issued 5,000 shares of its $1 par value common stock in exchange for land (market value $30,000) and a building (m

olga2289 [7]

Answer:

The correct option is A,Debit Land and Building, $130,000; Credit Common Stock, $5,000; Credit Paid-in Capital in Excess of Par Value, Common Stock, $125,000.

Explanation:

The sum of the two market values of both land and building is $130,000($100,000+$30,000),which would be debited to land and building account to show that the asset has increased due to new acquisition.

In the common stock account the par value of the shares which is $5,000($1*5000) would be credited to it.

The difference between the market value of assets acquired and the common stock amount which is $125,000($130,000-$5,000) would be credited to paid in capital in excess of par account.

3 0

4 years ago

How can i use any 5 anterprenurial qualities to make sure my business is a success?

Alekssandra [29.7K]

1. If you have an item which you want to sell, make sure that you sell it for something more that what you bought it.

2. The items you are selling, sell them for a good price. If you go too expensive, no body will buy. But if you go cheap and easy, everyone will come to you.

3. when you have successfully started getting people to constantly buy your products, make your prices go higher slowly slowly.

4. Always make sure, the products you are selling are in good quality and are not... ruined in any way.

That's all the ideas I have. Hope it helped.

5 0

4 years ago

Consider a hypothetical closed economy in which households spend $0.70 of each additional dollar they earn and save the remainin

navik [9.2K]

Answer:

(a) 0.7

(b) 3.33

(c) -$210

(d) -$147

(e) -$1 trillion

Explanation:

(a) Marginal propensity to consume (MPC) = 0.7

(b) Multiplier of this economy:

$=\frac{1}{1-MPC}$

$=\frac{1}{1-0.7}$

= 3.33

(c) Decrease government purchases by $300 billion,

Initial change in consumption = Change in government purchases × MPC

= $300 × 0.7

= -$210 billion

(d) This decreases income yet again, causing a second change in consumption equal to:

= Initial change in consumption × MPC

= -$210 × 0.7

= -$147 billion

(e) The total change in demand resulting from the initial change in government spending is:

= Change in government purchases × Multiplier

= $300 × 3.33

= -$1 trillion

7 0

3 years ago