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horsena [70]
2 years ago
13

Credit unions tend to give credit only to whom?

Business
1 answer:
Oksana_A [137]2 years ago
5 0
B, members of the credit union
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If a company had a contribution margin of $1,000,000 and a contribution margin ratio of 40%, total variable costs must have been
dolphi86 [110]

Answer:

$1,500,000

Explanation:

Data provided in the question:

contribution margin of the company = $1,000,000

Contribution margin ratio = 40%

Now,

The sales = (contribution margin) / (Contribution margin ratio)

thus,

Sales = \frac{1,000,000}{0.40}

or

sales = $2,500,000

Therefore,

Variable cost = Sales - Contribution margin

or

Variable cost = $2,500,000 - $1,000,000 = $1,500,000

8 0
2 years ago
Each currency has a changing value relative to other countries. This is referred to as the country’s blank
alex41 [277]

Each currency has a changing value relative to other currencies. This is referred to as a<u> "currency's exchange rate."</u>


An exchange rate is the rate at which one currency will be exchanged for another, it is additionally viewed as the estimation of one nation's cash in connection to another currency.  

Exchange rates are resolved in the foreign exchange market, which is available to an extensive variety of various sorts of purchasers and venders, and where money exchanging is ceaseless: 24 hours daily aside from ends of the week.

3 0
2 years ago
Assume you are to receive a 30-year annuity with annual payments of $2,000. The first payment will be received at the end of Yea
max2010maxim [7]

Answer:

Total FV= $678.615.02

Explanation:

<u>First, we need to calculate the value of the annuity at the end of the last payment:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,000*[(1.06^30) - 1]} / 0.06

FV= $158,116.37

<u>Now, the total future value after 25 years:</u>

FV= PV*(1 + i)^n

FV= 158,116.37*(1.06^25)

FV= $678.615.02

6 0
2 years ago
Corporation meaning in 3-5 sentences​
alexgriva [62]

Answer:

Corporation- a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Ps. Brainliest pls

7 0
2 years ago
Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun
denis23 [38]

Answer:

Orlando Company

Indication of the missing amount for each letter:

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h) and i) = $149,850 ($213,000 - $63,150)

$149,850 = 185% (100 + 85%)

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

Explanation:

a) Data and Calculations:

                                                          Job 1         Job 2         Job 3

Direct materials used                       $(a)        $83,000     $63,150

Direct labor                                    50,000      140,000         (h)

Manufacturing overhead applied 42,500         (d)                 (i)

Total manufacturing costs          145,650          (e)           213,000

Work in process 1/1/14                       (b)           15,500        18,000

Total cost of work in process   201,500            (f)                 (j)

Work in process 12/31/14                  (c)            11,800            (k)

Cost of goods manufactured   192,300            (g)         222,000

                                                          Job 1         Job 2           Job 3

Direct materials used                   $53,150     $83,000       $63,150

Direct labor                                    50,000      140,000         81,000

Manufacturing overhead applied 42,500       119,000        68,850

Total manufacturing costs          145,650      342,000      213,000

Work in process 1/1/14                  55,850         15,500        18,000

Total cost of work in process    201,500       357,500     231,000

Work in process 12/31/14              9,200           11,800         9,000

Cost of goods manufactured    192,300      345,700     222,000

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h and 1 = $149,850 ($213,000 - $63,150)

$149,850 = 185%

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

6 0
2 years ago
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