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3 years ago

Match each word with the phrase that best defines it

Business

2 answers:

lakkis [162]3 years ago

5 0

Answer: finance~to buy something on credit

mortgage~ a legal agreement to borrow money for the purchase of the home

lease~a legal agreement allowing a person to use a car or property for a payment

equity~the value of a property above any loans that are owed

installment~a payment in a series that is made over a long period of time

Explanation:

podryga [215]3 years ago

4 0

Answer:

See explanation below.

Explanation:

1. Equity: the value of a property above any loans that are owed.

2. Lease: a payment in a series that is made over a long period of time installment, to buy something on credit.

3. Finance: a legal agreement to borrow money for the purchase of a home.

4. Mortgage: a legal agreement allowing a person to use a car or property for a payment.

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Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,100 of dir

Zina [86]

Answer:

Total work in process = $12,900

Explanation:

Provided information,

Cost incurred during the month on this order

Direct Materials = $2,100

Direct Labor = $3,600

Provided overheads are 200% of the direct labor cost = $3,600 $\times$ 200% = $7,200

Thus month end balance of work in process = $2,100 + $3,600 + $7,200

Total work in process = $12,900

Note: additional information regarding expenses to be incurred is to be ignored, and the above value is the value of work in process.

Total work in process = $12,900

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3 years ago

A perfectly competitive firm will be willing to produce even at a loss in the short run, as long as?

Vikki [24]

A perfectly competitive firm will be willing to produce even at a loss in the short run, as long as the loss is no greater than its total variable costs.

Variable costs are expenses that vary in proportion to the volume of goods or services that a business produces. A variable cost is an ongoing cost that changes in value according to factors like sales revenue and output. Variable costs include labor, raw materials, etc.

Variable costs are costs that change as the volume changes. Examples of variable costs are raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies, and credit card fees.

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6 0

1 year ago

Shelly has a business that requires her to take out a loan to finance short-term working capital needs since she extends credit

OLEGan [10]

Answer:

Revolving loan

Explanation:

A revolving loan can be described as a loan that has a fixed monthly repayment. The interest rate that will be paid depends on the individual previous credit score and well as how well the individual can afford it.

The revolving loan provides access to a rolling credit facility, it enables the individual to borrow some amount of money again which could be up to your original loan amount, as long as a certain percentage of the loan has been repaid.

A revolving credit loan helps to provide cash for the business day-to-day activities thereby leading to an effective cash flow management for small businesses.

6 0

3 years ago

True or false Historically, unions were considered to be conspiracies against businesses and were prosecuted in the courts.

Blizzard [7]

That statement is true

union could greatly damage a business reputation and productivity. The competition's of a business could be the one that form the union and try to sabotage that business

8 0

3 years ago

Blue Skies Inc. is a retail gardening company that is piloting a new strategic initiative aimed at increasing gross profit. Curr

SpyIntel [72]

Answer:

Cost of Procedure 1: $268,800

Cost of Procedure 2: $134,400

Explanation:

Sales $480,000.

Gross Profit 25% of $480,000.= $ 120,000

Cost of Goods Sold = 480,000-120,000= $ 360,000

Procedure 1 costs twice as much as Procedure 2

Process 1 costs $ 240,000 Process 2 costs $ 120,000

To get a gross profit of 30% the sales would increase by

0.25 480,000

0.3 x

x= 480,000*0.3/0.25= $576,000

Sales $576,000.

Gross Profit 30% of $576,000.= $ 172,800

Cost of Goods Sold = 576,000-172,800= $ 403,200

Procedure 1 costs twice as much as Procedure 2

Process 1 costs $ 268,800 Process 2 costs $ 134,400

Procedure 1

1. Cost makeup of Procedure 1:

45% direct materials, = 45% of $ 268,800 = $ 120,960

40% direct labor, = 40% of $ 268,800 = $ 107,520

15% overhead.= 15% of $ 268,800 = $ 40,320

Total $268,800

Procedure 2

2. Cost makeup of Procedure 2

25% direct materials,=25% of $ 134,400 = $ 33,600

50% direct labor,= 50% of $ 134,400 = $ 67,200

25% overhead.=25% of $ 134,400 = $ 33,600

Total 134,400

1. Cost makeup of Procedure 1:

Direct materials, $ 120,960

Direct labor, $ 107,520

Overhead. $ 40,320

Total $268,800

Procedure 2

2. Cost makeup of Procedure 2

Direct materials $ 33,600

Direct labor, $ 67,200

Overhead. $ 33,600

Total 134,400

6 0

3 years ago