Answer:
Collateral is a downpayment for the loan
Explanation:
Collateral is basically saying I'll give you what I have right now for this and when I get on my feet ill be able to pay you back then
Answer: The amount of cash provided by operating activities is $179,600.
Explanation:
<u>Statement of cash flows for the company</u>
Net income $210,600
Add Depreciation expense 27,000
Add Loss on sale of equipment 1,800
Increase in Accounts receivable (16,900)
Increase in Inventory (41,700)
Decrease in Prepaid expenses 5,000
Decrease in Accounts payable (6,200)
Cash flows fron operating activities $179,600
Answer: b. people face trade-offs
Explanation:
From the question, we are informed that Bullie Jean has $120 to spend and wants to buy cither a new amplifier for her guitar or a new mp3 player to listen to music while working out.
We are further informed that the amplifier and the mp3 player cost $120, each and so she can only buy one. This shows that people face trade offs and have to make a choice regarding some decisions. Here, an opportunity cost will be the one that she didn't buy at the expense of the other.
Answer:
Contribution percent = 75%
Explanation:
Given:
Total sales = $24,000
Total Variable cost = $6,000
Total units = 6,000
Contribution percent = ?
Computation of Contribution :
Contribution = Total sales - Total Variable cost
Contribution = $24,000 - $6,000
Contribution = $18,000
Computation of Contribution percent :
Contribution percent = Contribution / Total sales
Contribution percent = 18,000 / 24,000
Contribution percent = 0.75
Contribution percent = 75%
Answer:
The correct answers are:
1. Actor, writer, musician : entertainment.
2. Dietician, optician : health care.
3. Litigator, paralegal, attorney : legal industry
Explanation:
Industries dedicated to consumer service are those whose product is directed directly to a consumer, and not to a company.
The product they offer is a service, and not a material good.
These industries will have professionals or people specialized in the subject who will be in charge of offering and selling this product.
That is what we see in the examples.
The health industry will offer services dedicated to health, therefore it will have professionals dedicated to this field.
The legal industry will have services dedicated to legal issues such as a lawyer, a litigator, etc.
And the entertainment industry will be dedicated to shows, this is where actors, musicians or writers come in.