Because it pays a higher rate of interest.
A savings account is better than a checking account for saving money because they normally pay a higher interest rate than a checking account. Quite often, a checking account will not pay any interest at all.
I believe the answer is A becuase working at a lemonade stand helps you kinda run a business if you think about it
It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.
Answer:
According to the flexible budget, income from operations will increase from $557,000 to $915,000 if the units sold increase from 15,000 to 18,000 during 2017.
Explanation:
sales revenue should increase to $4,050,000
cost of goods sold should increase to: ($2,237,000)
- direct materials $1,260,000
- direct labor $180,000
- machinery repairs $54,000
- depreciation (fixed) $315,000
- utilities $228,000
- management salaries $200,000
gross profit $1,813,000
S&A expenses increase to: ($898,000)
- packaging $72,000
- shipping $108,000
- sales salaries (fixed) $260,000
- advertising expense (fixed) $127,000
- adm. salaries (fixed) $241,000
- entertainment (fixed) $90,000
income from operations $915,000
Answer:
6.4%
Explanation:
For computing the minimum yield on investment, first we have to find out the combined ratio which is shown below:
= Projected loss percentage + expense ratio + dividend percentage
= 77.5% + 23.9% + 5%
= 106.4%
So, the minimum yield on investment required is
= 106.4% - 100%
= 6.4%
The 100% is the percentage value
We simply applied the above formula
