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3 years ago

Would loaning a friend $10 to buy a movie ticket be an investment? Why or why not

Business

1 answer:

Luden [163]3 years ago

3 0

Answer:

Explanation:

An investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.

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Which of the following individuals has enrolled in a plan on a fixed income

ahrayia [7]

Fixed income gives a steady of income to the individual.

<h3>What is a fixed income?</h3>

The complete question wasn't found online. An overview was given as the complete information wasn't found.

It should be noted that a fixed income means an investment approach that is focused on presentation of capital and income.

The examples of fixed income include municipal bonds, certificate of deposit, etc.

It should be noted that fixed income orders a steady stream of income with less risk.

Learn more about income on:

brainly.com/question/2021736

#SPJ1

5 0

2 years ago

g Suppose that if GSI drops the price on the Glucoscan 3000 immediately, it can increase sales over the next year by 30% to 130,

Amanda [17]

Complete Question:

Glucose Scan Incorporated (GSI) currently sells its latest glucose monitor, the Glucoscan 3000, to diabetic patients for $129. GSI is considering lowering the sale price to $99 per unit. The cost of goods sold for each Glucoscan unit is $50, and GSI expects to sell 100,000 units over the next year. The marginal corporate tax rate is 40%. Suppose that if GSI drops the price on the Glucoscan 3000 to $99 immediately, it can increase sales over the next year by 30% to 130,000 units.

Also suppose that for each Glucoscan monitor sold, GSI expects additional sales of $100 per year on glucose testing strips and these strips have a gross profit margin of 75%. These strip sales occur on all monitor sales regardless of the price of the monitor. Including the increase in the sale of testing strips, the incremental impact of this price drop on the firms EBIT is closest to:

Answer:

$720,000

Explanation:

Incremental Earnings Before Interest and Tax Analysis

Details Current price Reduced price

Units Sold 100,000 130,000

Unit sales price 129 99

Sales Revenue $12,900,000 $12,870,000

Cost of Goods sold at $50 5,000,000 $6,500,000

Gross Profit $7,900,000 $6,370,000

G. Profit on Strips sold at $75 $7,500,000 $9,750,000

Total Gross Profit for the year $15,400,000 $16,120,000

The Net benefit of this price change is increase of Earnings before interest and tax by $720,000.

3 0

3 years ago

Required Record the following transactions in general journal entry form. Record the event num-ber in the date column. 1. Issued

Anika [276]

Answer:

1. Cash $5000 Dr

Common Stock (at par) $5000 Cr

2. Cash $4000 Dr

Loan Payable $4000 Cr

3. Supplies $500 Dr

Account Payables $500 Cr

4. Account Receivables $8000 Dr

Service Revenue $8000 Cr

5. Salaries Expense $3900 Dr

Cash $3900 Cr

6. Prepaid Rent $2400 Dr

Cash $2400 Cr

7. Office Furniture $3500 Dr

Account Payable $3500 Cr

8. Cash $1800 Dr

Unearned Service Revenue $1800 Cr

9. Cash $3000 Dr

Account Receivables $3000 Cr

10. Utilities Expense $1200 Dr

Cash $1200 Cr

11. Dividends $1000 Dr

Cash $1000 Cr

12. Certificate of Deposit Receivable $2000 Dr

Cash $2000 Cr

13. Loan Payable $1600 Dr

Cash $1600 Cr

14. Land $2700 Dr

Cash $2700 Cr

15. Interest Expense $400 Dr

Interest Payable $400 Cr

16. Unearned Service Revenue $1800 Dr

Service Revenue $1800 Cr

17. Supplies Expense $400 Dr

Supplies $400 Cr

18. Salaries Expense $2300 Dr

Salaries Payable $2300 Cr

19. Interest Receivable $150 Dr

Interest Revenue $150 Cr

Explanation:

7 0

3 years ago

An auction house charges a commission of 15% on the first $50,000 of the sale price of an item, plus 10% on the amount of of the

yKpoI14uk [10]

Answer:

C. $215,000

Explanation:

The statement indicates that on the first $50,000 the auction house charges 15%, which means that for the first $50,000 the house charged:

$50,000*0,15%= $7,500

From the total commission of $24,000, $7,500 were for the first $50,000.

$24,000-$7,500= $16,500

Now, you have to determine the amount in excess of $50,000 from which the house charged the remaining $16,500. So, you have that an x amount multiplied for 10% or 0,10 is equal to $16,500:

x*0,10= 16,500

x= 16,500/0,10= 165,000

You have determined that the house charged $7,500 on the first $50,000 and $16,500 on $165,000 which means that the price of the painting is:

$50,000+$165,000= $215,000

7 0

3 years ago

The parenting style that can be described as firm and flexible is called __________. A. permissive B. authoritative C. authorita

balu736 [363]

Answer:

Explanation:

7 0

3 years ago

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