you are shown a coin that its owner says is fair in the sense that it will produce the same number of heads and tails

Which of the following situations represents financially responsible choices? Select all that apply.

Gnom [1K]

making on time payments on a debt
 purchasing a large kitchen appliance with cash
 saving 25% of every paycheck

5 0

3 years ago

Read 2 more answers

The management of Furrow Corporation is considering dropping product L07E. Data from the company’s budget for the upcoming year

Maru [420]

Answer:

Sales 950,000

Less: Relevant cost:

Variable expenses 380,000

Avoidable fixed manufacturing expenses 217,000

Avoidable fixed selling and administrative expenses 178,000

Contribution 175,000

The total profit of Furrow Corporation reduces by $175,000 if the product is discontinued.

Explanation:

In this question, there is need to determine contribution, which is the excess of sales over relevant costs. Relevant costs are comprised of variable cost and avoidable fixed costs. The product should not be discontinued since the contribution is positive. Deleting a product with positive contribution reduces the total profit of the company by the amount of positive contribution.

7 0

3 years ago

Florida has an agreement with some other states which recognizes the similarity in education and experience requirements

babymother [125]

Correct/Complete Question:

Florida has an agreement with some other states which recognizes the similarity in education and experience requirements for licensees. What is the agreement called?

(a) Reciprocity

(b) Mutual recognition

(c) Cooperative licensure

(d) Intrastate licensing

Answer:

B, Mutual recognition

Explanation:

Mutual recognition agreement is an agreement that exists between two or more governments that has all parties agree to recognize each other's assessment results.

As regards the state of Florida in the question, it has mutual recognition agreements with other state(s) in the the area of education and licensing.This means that Florida state has a the process if licensing a real estate agent.

Cheers.

6 0

3 years ago

Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24

Wittaler [7]

Answer:

$217,000

Explanation:

Begining Purchases Ending

Raw Materials $ 36,000 $ 69,000 $ 24.000

Work in Process $ 23,000 $ 17,000 $ 6.000

Finished Goods $ 37,000 $ 55,000 -$ 18.000

Direct Lab Costs $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

Total

Raw Materials $ 81.000

Work in Process $ 6.000

Finished Goods -$ 18.000

Direct Labor Costs $ 94.000

Manufacturing Overhead $ 54.000

Costo of Goods Manufactured $ 217.000

5 0

3 years ago

Any establishment formed to carry on commercial enterprises is a

Colt1911 [192]

Business organizations I bet. Hope this helps. :)

6 0

3 years ago