A business in which the owners have little personal responsibility for the company’s debts and actions is called a

Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of

zalisa [80]

Answer:

Ponzi Products

a) Net income for the next quarter:

= $50

b) Cash outflow for this quarter = $1,000

c) Cash inflow in the third quarter = $550

d) Net working capital in the next quarter = $550

Explanation:

a) Production of chain-letter kits for the quarter = 100 units

Total production cost (outlay) = $1,000 (100 * $10)

Sales in the second quarter = $550 (50 * $11)

Sales in the third quarter = $600 (50 * $12)

Cash collections:

Third quarter = $550

Fourth quarter = $600

a) Net income for the next quarter:

Sales revenue = $550

Production cost 500 ($1,100 * 50/100)

Net income = $50 ($550 - $500)

b) Cash outflow for this quarter = $1,000

c) Cash inflow in the third quarter = $550

d) Net working capital in the next quarter = $550

6 0

3 years ago

A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains a(n) _____ s

devlian [24]

A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains a<u> "purchase money" </u>security interest in the consumer good.

A purchase money security interest (PMSI) is a legitimate claim that enables a lender to repossess property financed with its loan or demand repayment in real money if the borrower defaults. It gives the lender need over other creditors cases.

A PMSI is utilized by some commercial lenders and credit card guarantors just as by retailers who offer financing alternatives.

8 0

3 years ago

The Matthews want to split their refund between savings and checking accounts. How is this accomplished, if possible?

konstantin123 [22]

Answer:

By completing form 8888 from tax application

Explanation:

When applying for tax refund, you can transfer your amount into 2 or 3 separate accounts. If you want to split your refund then you need to complete form 8888 and attach it with tax return. This form tells IRS, in which accounts and how much you want to deposit through refund.

5 0

3 years ago

When selecting a venture capitalist, which one of the following characteristics is probably the least important?

Olegator [25]

Answer:

C. Underwriting experience.

Explanation:

Underwriters are known as evaluators in cases especially like that of mortgage etc, accessing the amount of risk that will involved in taking certain amount of loans. Therefore generally speaking, underwriting is simply explained as method through which an institution takes on financial risk for a fee. Risk of these such are mostly explained to be typically having dealings with loans, insurance, or investments. Certain contingencies are seen to helps to maintain certain borrowing policies for loans, establishes appropriate premiums to adequately cover the true cost of insuring policyholders, and creates a market for securities by accurately pricing investment risk.

8 0

3 years ago

Assume University Athletic Pharoah Club sells T-shirts for $30 and anticipates selling 6,700 shirts during football season. The

den301095 [7]

The preparation of the University Athletic Pharaoh Club's Income Statement in the contribution margin format is as follows:

University Athletic Pharaoh Club

<h3>Income Statement</h3>

For the football season

Sales Revenue $201,000

Variable cost of sales 155,574

Contribution margin $45,426

Fixed Costs:

Selling and administrative 33,526

Net Income $11,900

<h3>Data and Calculations:</h3>

Sales revenue = $201,000 ($30 x 6,700)

Cost of sales = $155,574 ($23.22 x 6,700)

Fixed Costs = $35,000

Sales commission = $1,474 ($0.22 x 6,700)

Remaining fixed costs = $33,526

Thus, the income statement of University Athletic Pharaoh Club for the football season shows a net income of $11,900.

Learn more about Contribution-Margin Income Statement at brainly.com/question/24962994

#SPJ1

3 0

2 years ago