What was one of the lessons from this activity?

Business

1 answer:

Sladkaya [172]4 years ago

4 0

Answer:

I should pay off my smallest balance first. Then continue paying my smallest balances until I have paid all of my debt.

Explanation:

This is one of the lesson from the activity. That, loans and debts are important part of life of someone but the most important thing, is to remember to clear off those loans and debts. this could be done through the gradual payment till all the debts are cleared.

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2. Compare the performance of East Coast Yachts to the industry as a whole. For each ratio, comment on why it might be viewed as

Sati [7]

Answer: hello your question has some missing data attached below is the missing data

answer :

i) The current ratio is higher than lower quartile and this signifies good liquidity position

The Quick ratio is higher than the lower quartile and also higher than the median but it is lower than the upper quartile and this signifies that the value of inventory is been deducted from the current assets. to show solvency position.

ii) Inventory Turnover Ratio is higher when compared to the industry ratios

Explanation:

<u>i) Based on each ratio </u>

The current ratio is higher than lower quartile and this signifies good liquidity position for east coast yachts but the value of the lower quartile been lower than the median and upper quartile represents a position of lower solvency

<u>ii) The ratio can be interpreted as</u>

Inventory Turnover Ratio is higher when compared to the industry ratios i.e. Inventory is been turned into cash by maximum times/as many times as possible per year.

3 0

3 years ago

A nonprofit cooperative that accepts deposits, makes loans, and provides other financial services

galben [10]

The term that is being described above is what we call the CREDIT UNION. This is a nonprofit cooperative wherein members are allowed to make deposits, and with these pooled deposits, the members can borrow money with minimal interest rates. Hope this answers your question.

6 0

3 years ago

Why does location matter?

BigorU [14]

answer: you need to know where your at

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3 years ago

Emily is a cash-basis taxpayer, and she was an especially productive salesperson last year. In December of last year her supervi

maxonik [38]

Answer:

Constructive Receipt

Explanation:

the term constructive receipt is used when talking in terms of federal income taxes. This term is used to determine when a cash basis tax payer has gotten their gross income in the cash basis method of accounting. the individual here would be needed to pay tax on income even though that the money that the money being taxed is has not been gotten yet by the individual. this income owner would be able to utilize the money although it has not yet been received.

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3 years ago

The payments in return for labor and capital are _____, respectively.

Nonamiya [84]

I believe the answer is D, wages and interest

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4 years ago