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Strike441 [17]
3 years ago
11

0. Sarah takes home $33,000 per year from her job as a computer repairperson. Her only debt obligations are a car loan payment o

f $395 and a credit card payment of $110 every month. Help Sarah go through the steps to see if she is in danger of credit overload. (5 points: Part I - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point; Part V - 1 point) Part I: How much money does Sarah take home per month?
Business
1 answer:
Fittoniya [83]3 years ago
4 0

Answer:

Her monthly take home amount is $2750. she is not in danger of credit overload as her total debt obligation per month is only $505 which is only 19% of her overall take home

Explanation:

Sarah's annual take home is $ 33,000 , If we divide it by 12 months so her monthly take home amount will be $2750, Her monthly debt obligation are $395 for Car & $110 Credit card payment which sums to $505. so will still have $2245 every month after paying debt obligation.

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Crane Company required production for June is 112000 units. To make one unit of finished product, three pounds of direct materia
IrinaVladis [17]

Answer:

Purchases= 356,000 pounds

Explanation:

Giving the following information:

Production= 112,000 units.

Standard quantity= 3 pounds of direct material Z

Beginning inventory= 290,000 pounds

Desired ending inventory= 310,000 pounds

To calculate the purchase required for direct material, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases= 112,000*3 + 310,000 - 290,000

Purchases= 356,000 pounds

6 0
3 years ago
Victor Cruz contributed $77,000 in cash and land worth $144,000 to open a new business, VC Consulting, in exchange for common st
Tpy6a [65]

Option A is correct

Explanation:

The following entry will be passed by VC Consulting in the books of accounts:

<u>Particulars                Debit                  Credit </u>

Cash                           77000

Land                             144000

To common stock                              221000

Cash account and Land account will be debited in the books of account with an amount of $77000 and $144000 and common stock will be credited with an amount of $221000

Therefore, the option with this will be the correct option.

From the given option, A is the correct one.

6 0
3 years ago
Read 2 more answers
How do u add people as your friend?
Rudik [331]

Answer:

You click there profile, and then click add friend. and it will friend request them.

Explanation:

:)

4 0
3 years ago
The direct materials and direct labor budgets provide information for preparing the:________a) production budget.b) sales budget
Korolek [52]

Answer:

C.) Cash budget.

Explanation:

As the name sounds is exactly what it directly entail; as it explains the direct input and output flow pattern of cash in a said organisation or firm. And in most cases, it is seen to access these funds and their usage pattern.

In this case, it can know and give heads up on when their is cash shortage or when a form does not have enough liquidity funds to run it. That is why here, direct and labour budgets are parts of what makes up the cash budget.

6 0
3 years ago
WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for t
Savatey [412]

Answer:

WP Corporation

Which of the products should be processed beyond the split-off point? Product X Product Y Product Z

B) yes no yes

Explanation:

a) Data and Calculations:

Budgeted data for the next month:

products                                                           X             Y              Z

Units produced                                              2,400      2,900       3,900

Per unit sales value at split-off                   $ 21.00   $ 24.00   $ 24.00

Added processing costs per unit                $ 3.00     $ 5.00     $ 5.00

Per unit sales value if processed further $ 25.00  $ 25.00    $ 30.00

Added profit after further processing        $ 1.00    ($4.00)      $ 1.00

Further processing of the products X, Y, and Z will yield further or added profit of $1.00 from products X and Z, but a loss of $4 from product Y.  Therefore, product Y should not be processed further, unless its cost structure is such that there is a more than $4 profit to be generated and its further processing is necessary for the other two to be sold, that is if the three products must be sold jointly.  In such a case, management could take further analysis to reduce the cost for consumers.

7 0
3 years ago
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