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Buying a home security system is an example of protecting your home against______.

katrin [286]

B risk because technically these are all risky

8 0

3 years ago

Q8. Smith Auto Dealership had beginning net fixed assets of $216,525 and ending

AveGali [126]

Answer:

The net cash flow is $7,844 from the sale of the assets.

Explanation:

Step 1: Determine the average fixed assets

The average net fixed assets can be determined using the expression;

Av=(Fb+Fe)/2

where;

Av=average net fixed assets

Fb=net fixed assets at the beginning of the year

Fe=net fixed assets at the end of the year

In our case;

Av=unknown

Fb=$216,525

Fe=$208,650

replacing;

Av=(216,525+208,650)/2=$212,587.50

The average net fixed assets=$212,587.50

Step 2: Determine the net fixed assets after accounting for depreciation

This can be expressed as;

Net fixed assets=average net fixed assets-depreciation

where;

average net fixed assets=$212,587.50

depreciation=$41,320

replacing;

Net fixed assets=(212,587.50-41,320)=$171,267.50

Step 3: Debit the fixed asset account and credit the cash account

Account Debit Credit

Fixed assets 7,844 163,423.50

Cash flow 163,423.50 7,844

The net cash flow is $7,844 from the sale of the assets.

5 0

4 years ago

Pat invested a total of $3,000. Part of the money was invested in a money market account that paid 10 percent simple annual inte

adell [148]

Answer:

$800 in account that pays 10% interest

$2,200 in account that pays 8% interest

Explanation:

Account A = Money market account that paid 10% simple annual interest

Account B = Money market account that paid 8% simple annual interest

W1 = Proportion of money invested in Account A

W2 = Proportion of money invested in Account B

W1 + W2 = 1

therefore, W1 = 1 - W2

Principle amount = $3,000

3000 x W1 = Amount of money invested in Account A

3000 x W2 = Amount of money invested in Account B

Total interest earned = $256

R1 = 10% simple interest on Account A

R2 = 8% simple interest on Account B)

Total Interest = (Principle x W1 x R1) + (Principle x W2 x R2)

256 = (3000 x W1 x 10%) + (3000 x W2 x 8%)

256 = 300 W1 + 240 W2

256 = 300 W1 + 240 ( 1 - W1)

256 = 300 W1 + 240 - 240 W1

16 = 60 W1

W1 = 16 / 60

W2 = 1 - W1 = 1 - (16/60) = 11/15

Amount of money invested in Account A = 3000 x W1 = 3000 x (16/60) = $800

Amount of money invested in Account B = 3000 x W2 = 3000 x (11/15) =$2,200

6 0

3 years ago

Freese Inc. sells a product for 650 per unit. The variable cost is 455 per unit, while fixed costs are 4,290,000. Determine (a)

Dvinal [7]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Freese Inc. sells a product for 650 per unit. The variable cost is 455 per unit, while fixed costs are 4,290,000.

A) To calculate the break-even point both in units and dollars, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 4,290,000/ (650 - 455)

Break-even point in units= 22,000 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 4,290,000/ (195/650)

Break-even point (dollars)= $14,300,000

B) Now for a selling price of $655:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 4,290,000/ (655 - 455)

Break-even point in units= 21,450 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 4,290,000/ (200/655)

Break-even point (dollars)= $14,049,750

3 0

3 years ago

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Which of the following is a potential benefit of inflation?

Alina [70]

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Among the choices the one that has
potential benefit of inflation is More business profits

When inflation is too high of course, it is not good for the economy or individuals.Inflation will always reduce the value of money, unless interest rates are higher thaninflation. And the higher inflation gets, the less chance there is that savers will see any real return on their money.

3 0

4 years ago

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