Ralph is single and has the following items for the current year:

A for of advertising that touts the benefits of a specific good or service is called?

Romashka [77]

It's product advertising

4 0

3 years ago

What should you do if you start having a hard time paying your mortgage? Select all that apply. Use your credit cards for everyt

Black_prince [1.1K]

Answer:

-Notify your mortgage servicer

-Contact a Homeownership Advisor

-Cut other expenses where you can

Explanation:

If you start having a hard time paying your mortgage, you should:

-Notify your mortgage servicer that is the company to which you make the payments of your loan and it can offer you an option that can help you with the payments like a deferral.

-Contact a Homeownership Advisor as this is a professional that provides financial advise before and after you purchase a house and can help you with options to fix the problem.

-Cut other expenses where you can because you may be having expenses that are not necessary and if you decrease them, you can be able to pay your mortgage.

The other options are not correct because using your credit cards is worst because you will be paying a loan with a different loan that will probably have a higher interest rate and wait a few months and see if things turn around can result in you missing payments which will affect your credit score and you may end up losing your home.

6 0

4 years ago

Heather Hudson makes stuffed teddy bears. Recent information for her business follows:

KonstantinChe [14]

Answer:

Degree of Operating Leverage = 1.24

Explanation:

given data

Selling price = $35.50 per bear

Total fixed cost = 1,450.00 per month

Variable cost = 16.50 per bear

sells = 390 bears

solution

we get here Degree of Operating Leverage that is express as

Degree of Operating Leverage = Contribution Margin ÷ Operating Income .................1

and

Contribution Margin = Sales - Variable cost .................2

Contribution Margin = (390 bears × $35.50) - (390 bears × $16.50)

Contribution Margin = $7410

and

Operating Income = Sales - Variable cost - Fixed Costs ................3

Operating Income = (390 bears × $35.50) - (390 bears × $16.50) - $1450

Operating Income = $5960

so put value in equation 1

Degree of Operating Leverage = $\frac{7410}{5960}$

Degree of Operating Leverage = 1.24

5 0

3 years ago

Canyon Canoe Company's Amber Zack Wilson are continuing their analysis of the company's position and believe the company will n

SpyIntel [72]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $15,000

To Notes payable $15,000

(Being note payable is recorded)

2. Salaries expense Dr, $3,000

To Federal income tax payable $750 (25% × $3,000)

To Social security tax payable $186 (6.2% × $3000)

To Medicare tax payable $43.50 (1.45% × $3,000)

To Health insurance premium payable $250

To Salaries payable $1770.50

(Being salaries expense is recorded)

Payroll tax expense Dr, 409.50

To Social security tax payable $186 (6.2% × $3,000)

To Medicare tax payable $43.5 (1.45% × $3,000)

To FUTA tax payable $18 (0.6% × $3,000)

To SUTA tax payable $162 (5.4% × $3,000)

(Being payroll tax expense is recorded)

3. Salaries payable Dr, $1,770.50

To Cash $1,770.50

(Being cash paid is recorded)

Federal income tax payable Dr, $750

Social security tax payable Dr, $372

Medicare tax payable $87

Health insurance premium payable Dr, $250

FUTA tax payable Dr, $18

SUTA tax payable Dr, $162

To Cash $1,639

(Being cash paid is recorded)

4. Interest expense Dr, $300 ($15,000 × 6% × 4 ÷ 12)

To Interest payable $300

(Being interest expense is recorded)

5. Note payable Dr, $15,000

Interest payable Dr, $300

Interest expense $600 ($15000 × 6% × 8 ÷ 12)

To Cash $15,900

(Being cash paid is recorded)

3 0

3 years ago

) Candy Man, Inc. reports the following information: Beginning Finished Goods Inventory 60 units Units produced 550 units Units

ArbitrLikvidat [17]

Answer:

$44

Explanation:

Given that

Direct material cost = $17

Direct labor cost = $10

Variable manufacturing overhead = $17

The computation of unit product cost using variable costing is shown below:-

Unit product cost = Direct material cost + Direct labor cost + Variable manufacturing overhead

= $17 per unit + $10 per unit + $17 per unit

= $44

Therefore for computing the unit product cost we simply added the direct material cost, direct labor cost and variable manufacturing overhead.

5 0

3 years ago