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chubhunter [2.5K]
4 years ago
12

A man buys several loaves of bread at $1 a loaf and sells them at 25 cents a loaf. he does it again and again. entirely as a res

ult of this, he becomes a millionaire. how?
Business
1 answer:
Tpy6a [65]4 years ago
6 0
The given problem above is an example of a quick-fire puzzle. In this scenario, the man becomes a millionaire after buying several loaves of bread at $1 a loaf and sells them at 25 cents each, because the man started off as a billionaire, who decided who help the poor. Hope this answers your question.
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Brandy’s Balloon Service currently sells 1,000 balloon bundles per month. The competition in the balloon industry continues to s
andreyandreev [35.5K]

Answer:

The answer is: 1,375 balloon bundles

Explanation:

We can calculate how many balloon bundles must be sold using the following formulas:

  • contribution margin per unit =  Selling price per unit – Variable cost per unit
  • Units = (Fixed costs + Target profit) / (contribution margin per unit)

Contribution margin per unit = $10 - $2 = $8

units = ($5,000 + $6,000) / $8 = $11,000 / $8 = 1,375 units

8 0
4 years ago
The weather station model performs the invaluable function of ____________.
Greeley [361]

Answer:

Option B                                    

Explanation:

In simple words, Models of weather stations are visual representations displaying the weather taking place at a specified monitoring station. The stations design was developed by meteorologists that incorporate a variety of climate components into some kind of small area on satellite images.This model has been of high use to prepare for the natural calamtites in advance but it does not influence the project in any way.

4 0
3 years ago
What is the biggest attraction for businesses considering engaging in
ivann1987 [24]

Answer:

the size of the market on a p e x

Explanation:

5 0
3 years ago
Read 2 more answers
The weekly payroll of Wolverine Corporation is $3,000. Employees work five days per week, Monday through Friday. December 31, 20
ruslelena [56]

Answer:

The answer is: D) Accounts:

                             Salaries Expense: Debit = 1,200

                             Salaries Payable : Credit = 1,200

Explanation:

Salaries expense is a type of expense account (all expense accounts are temporary accounts). When expenses are recorded, they should be debited.

  • Debit record

        Salaries expense 1,200

Salaries payable is a liability account. When liabilities increase, they should be credited.

  • Credit  record

        Salaries payable 1,200

6 0
4 years ago
In keeping with modernization of corporate statutes in its home state, UMC Corporation decided in 2016 to discontinue accounting
Delicious77 [7]

Answer:

A. This is a change in accounting principles

B.

Dr Common stock 6

Dr Paid-in capital—excess of par 24

Dr Retained earnings 5

Cr Treasury stock 35

Explanation:

A. This is a change in accounting principle

B. Entry to reclassify treasury shares as retired shares.

General Journal

Dr Common stock 6

Dr Paid-in capital—excess of par 24

Dr Retained earnings 5

Cr Treasury stock 35

Common stock ($1 par × 6million shares retired) $6 million.

Paid-in capital—excess of par

$900 million ÷ 225 million shares = $4

$4 × 6million shares retired = $24 million.

3 0
4 years ago
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