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Leokris [45]
3 years ago
15

You're trying to save to buy a new $190,000 ferrari. you have $31,000 today that can be invested at your bank. the bank pays 3.8

percent annual interest on its accounts. how long will it be before you have enough to buy the car? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) length of time years
Business
1 answer:
ohaa [14]3 years ago
6 0

so you need to save the money?

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Pine Street Inc. makes unfinished bookcases that it sells for $59. Production costs are $37 variable and $10 fixed. Because it h
Gwar [14]

Answer:

See below

Explanation:

Option of whether Pine street Inc. should sell unfinished book cases

Sales per unit

$59

Less:

Variable cost per unit

$37

Contribution per unit

$22

Less:

Fixed cost

$10

Operating profit

$10.

Option of whether Pine street inc. should sell finished book cases

Sales per unit

$75

Less :

Variable cost per unit

$8

Contribution per unit

$67

Less :

Fixed cost

$10

Operating profit

$57

Therefore, it is recommended that Pine street inc. should sell finished book cases because that would yield the highest operating profit.

4 0
3 years ago
ANSWER PLS
Nataliya [291]

Answer:

see below

Explanation:

Equity financing involves selling shares to investors. The entrepreneurs surrender part ownership to third parties. It means profits have to be shared, and there have to consultations in every major decision.

Debt financing involves borrowing from lenders. It has a big advantage in that the entrepreneur maintains full control of the business. They do not have to share profits with other people or risk being kicked out of the business. However, debts have to be paid. The monthly repayment for several years can have hamper progress. It reduces profits, making a business seem less valuable.

A business should balance between equity and debt financing. As much as possible, equity financing should have a bigger proposition of capital to be profitable and increase in worth.

6 0
3 years ago
Bridgeport Corp. has these accounts at December 31: Common Stock, $10 par, 4,800 shares issued, $48,000; Paid-in Capital in Exce
lozanna [386]

Answer:

Total stockholders' equity is $ 100,140

Explanation:

The stockholders' equity section of the balance sheet comprises of the common stock total par value ,the paid-in capital in excess of par value,plus the retained earnings minus the value of treasury stock

Stockholders' equity section of Bridgeport Corp. balance sheet

Common stock,$10 par value,4,800 shares issued       $48,000

paid-in capital in excess of par                                         $18,300

total paid share capital                                                       $ 66,300

retained earnings                                                                $ 43,300

total paid share capital and retained earnings                  $ 109,600

treasury stock                                                                        ( $9,460)

Total stockholders' equity                                                   $ 100,140

3 0
3 years ago
Read 2 more answers
Mallory promises a local hardware store that she will pay for a lawn mower that her brother is purchasing on credit if the broth
VladimirAG [237]

Answer:

Yes

Explanation:

Yes, in such a situation the promise must be written and signed by both parties in order for it to be enforceable. This is mainly due to the fact that the promise is being made for circumstances regarding a third individual which therefore makes this a Collateral promise. Collateral Promises must be written and signed in order for it to take effect and protect all parties involved from backing out of the contract, which doing so would be considered fraud.

6 0
3 years ago
How is chinese food made soo gosh darn good?​
vesna_86 [32]

Answer:

Worm noodles

Explanation:

5 0
3 years ago
Read 2 more answers
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