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Sveta_85 [38]
3 years ago
12

Mike just looked at his spending from last month and discovered he spent $120 buying movies. Mike knows that $120 is a lot of mo

ney to spend on movies and decides that he needs to adjust his spending. The most effective way that Mike can ensure he does not spend too much money on movies for the next six months is to _____.
Select the best answer from the choices provided.
A.
avoid buying any movies and go to the theater with friends
B.
not buy any new movies for the next six months and enjoy the ones he has
C.
stop going to stores that sell movies and not buy any movies for the next six months
D.
plan ahead for what movies he wants instead of buying on impulse
Business
2 answers:
lesantik [10]3 years ago
5 0

Answer:

The answer is c. He needs to stop going to stores that sell movies and not buy any movies for the next six months.

navik [9.2K]3 years ago
4 0

Answer:

B

Explanation:

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Arrow Printers paid $2,000 interest on short-term notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on
Andrej [43]

Answer:

C) Operating, $12,000; financing $6,000.

Explanation:

Interests expenses do no change the notes payable or bond, but results in the reduction of the cash flow of a company. Therefore, the interests paid on both short terms notes payable and interest on long-term bonds will appear under the operating activities section of the cash flow statement.

Dividend appears under the financing activities section of the cash flow statement.

For this question, we therefore have:

Cash outflows from operating activities = Interest on short-term notes payable + Interest on long-term bonds = $2,000 + $10,000 = $12,000

Cash outflows from financing activities = Dividends on common stock = $6,000

Therefore, the correct option is C) Operating, $12,000; financing $6,000.

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3 years ago
Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships fo
bulgar [2K]

Answer:

The solution according to the given query is provided below.

Explanation:

The given question seems to be incomplete. The attachment of the complete query is provided below.

Now,

The additional investment will be:

= Ending \ owner's \ equity-Beginning \ owner's \ equity+Drawings-Net \ income

By putting the values, we get

= 40000-25000+37000-45000

= 7,000

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= Ending \ owner's \ equity-Beginning \ owner's \ equity+Additional \ investment-Net \ income

By putting the values, we get

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3 0
3 years ago
What is 2divided by 100
aleksley [76]

Answer:

0.02

Explanation:

4 0
3 years ago
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ABC Company is considering investing in new production equipment at a cost of $60,000 with a 10-year useful life and no salvage
ikadub [295]

Answer:

a. Operating Income = Sales - Production Cost - Depreciation Expense

Operating Income = $100,000 - $82,600 - $6,000

Operating Income = $11,400

b. Average Investment = (Initial Equipment Cost + Residual Value) / 2

Average Investment = ($60,000 + $0) / 2

Average Investment = $60,000 / 2

Average Investment = $30,000

c. Accounting Rate of Return = (Operating Income / Average Investment) * 100

Accounting Rate of Return = ($11,400 / $30,000) * 100

Accounting Rate of Return = 0.38 * 100

Accounting Rate of Return = 38%

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2 years ago
Your bank gives you 50 points for monthly online bill pay, 50 points for monthly mobile deposits, 100 points per car payment, an
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Answer: Last month earning = $17.25

Explanation:

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