Answer:
57.07 months.
Joseph must decide whether the 57th payment was $1,327, or he can pay a 58th payment of just $92.
Explanation:
The easiest way to calculate a monthly payment is using a payment calculator:
- principal = 59,000
- n = 60
- APR = 7.6%
Monthly payments = $1,185.04
Since Joseph will pay an extra $50 each month, his payment = $1,235.04
By paying that extra amount Joseph will reduce his payments by almost 3 months to 57.07 months
After the 57th payment, Joseph' balance = $91.43, so he can decide to pay a little on the 57th payment or just pay $92 next month.
Answer:
1.Dr Cash 25,000
Cr Sales revenue 25,000
2. Dr Warranty expense 2,500
Cr Warranty liability 2,500
3.Journal entry for actual warranty expense
Dr Warranty liability 500
Cr Cash 500
Explanation:
Preparation of Dynamo's journal entries related to the sales and warranty in Year 1.
1.Dr Cash 25,000
Cr Sales revenue 25,000
(50*500)
2. Dr Warranty expense 2,500
Cr Warranty liability 2,500
3. Dr Warranty liability 500
Cr Cash 500
For ......................Income tax
Answer:
The answer is: Projected net sales for this year are $45,254
Explanation:
The current total sales for MG Lighting are $50,000 (= 500 units x $100 per unit).
Next year their products will have a $10 increase (10%), so the unit price will be $110.
Due to the price increase, the number of units sold will decrease by 15%, to a total of 425 units.
MG Lighting total sales will be $46,750. Approximately 3.2% of the total sales will be returned (equivalent to $1,496).
MG Lighting net sales for this year should be $45,254 (= 46,750 - $1,496)
Answer:
d.both answers 1 and 3 occur.
That is
a.the company has competencies and capabilities to efficiently sustain its competitive differentiation.
c.the company's competitive advantage grows out of the entire system of activities working together.
Explanation:
In a perfectly competitive market firms have similar products and so they must compete with each other to get market share.
Gaining a competitive advantage is key in surviving within the market.
Differentiation of its products is the first step to success. When a firm's product is differentiated from others it will gain more customer loyalty as the end user identies the product with a particular trait for example high quality.
When the companie's activities are well synchronised the company achieves efficiency which is a competitive advantage of higher output than other firms.
