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3 years ago

Which of the following would you list as an "Essential (Fixed)" expense?

2 answers:

8 0

The best answer would be rent. Because a fixed expense is something that will never change, increase or decrease, no matter what happens. And rent that never changes so that's the answer.

11Alexandr11 [23.1K]3 years ago

4 0

Out of the above choices I would Asnwer. D Rent. Rent is an Essential (fixed) expense. The other expenses electricty, telephone and car repair are all variable expenses because they normally are net set rates every month. Due to the changng of amounts these expenses fluxtuate not allowing thme to be a fixed expense like rent is.

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2. If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 y

MA_775_DIABLO [31]

The interest from an investment is calculated through the equation,

I = P x i

Where I is the interest, P is the principal amount and i is the interest rate.

P = I / i

Substituting the known values,

P = ($9.99) / (0.018/100) = $55,500

The answer to this item is therefore approximately $55,500.

7 0

3 years ago

An esop: allows an owner to transfer all or part of his company to the employees as gradually or as quickly as he chooses. works

Serggg [28]

All the options given above about ESOP are TRUE. ESOP is an acronym for Employee Stock Ownership Plan. ESOP is an employee benefit plan designed as an investment stock shares in the sponsoring employer's company. In this type of arrangement, the company has the liberty to transfer the company to its employees at its own discretion. ESOP is only practicable in companies whose pre-tax profits is greater than $100,000 and whose employees are at least twenty in number.

3 0

3 years ago

T/F<br> The amount that savings or an investment grows is called the principal.

solniwko [45]

the answer is true well it is on apex anyway i hope its right

7 0

3 years ago

Coronado Industries sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that

soldi70 [24.7K]

Answer:

$6745

Explanation:

Given: Beginning inventory is 77 units at the cost of $19 per unit.

Purchased inventory is 476 units at $19 per unit.

Sales during the month is 355 units at $45 per unit.

Now, let´s find the cost of goods sold using LIFO method.

We know, LIFO method is Last in first out, which sell out inventory, which are most recently purchased. In a period of rising prices, LIFO inventory method tends to give the highest reported cost of goods sold.

As sales unit is 355 units.

Let´s take units from recent purchased inventory.

Cost of good sold= $355\ units\times 19= \$ 6745$

Hence, the cost of goods sold using the LIFO method is $6745.

7 0

3 years ago

One implication of the bird-in-the-hand theory of dividends is that a given reduction in dividend yield must be offset by a more

Bezzdna [24]

Answer:

False ANSWER: True o One implication of the bird-in-the-hand theory of dividends is that a given reduction in dividend yield must be ...

Explanation:

follow mw

7 0

3 years ago