A typical payday loan carries an interest rate of about: A. 400 percent B. 31 percent C. 12 percent D. 7 percent

Harmon recently quit his job that he had worked at for the past 10 years in

Leviafan [203]

Answer:

d. Harmon only needs to show the bank his record of income from

his old job, not his new business.

5 0

3 years ago

Which of the following statements best represents the reason for the accounting equation?

NikAS [45]

Answer:

c. The total of everything owned by a business must always equal the total of what the business owes to creditors and owners.

Explanation:

In every balance sheet, the accounting equation has used that means

Total assets = Total liabilities + Shareholder equity

The statement of stockholder's equity comprises common stock and retained earnings. And, the balance sheet comprises of the assets and liabilities.

The total assets comprises of current assets, fixed assets and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

And, the total liabilities include current liabilities and the long term liabilities

With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

Hence, the most appropriate option is c.

3 0

4 years ago

A type of real estate investment that offers diversification and liquidity and that is similar in form to a mutual fund is calle

Alex777 [14]

Answer: REIT

Explanation: A real estate investment trust, REIT, can be defined as an investment firm specialized in securities related to companies operating in real estate industries.

Such trust pool the money from investors and invest it in real estate securities. REIT gives the investors the exposure of real estate in their portfolios and invests like mutual funds.

4 0

3 years ago

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo

k0ka [10]

Answer:

Wingate Company

1. Contribution format income statement segmented by divisions:

Company East Central West

Sales $ 1,500,000 $350,000 $620,000 $530,000

Variable expenses 655,500 154,000 241,800 259,700

Contribution margin 844,500 $196,000 $378,200 $270,300

Traceable fixed expenses 819,000 294,000 329,000 196,000

Non-traceable fixed expenses 110,000

Net operating income (loss) $ (84,500) $(98,000) $49,200 $74,300

2. Decrease in net operating loss = $45,200

Explanation:

a) Data and Calculations:

Wingate's most recent monthly contribution format income statement:

Sales $ 1,500,000

Variable expenses 655,500

Contribution margin 844,500

Fixed expenses 929,000

Net operating income (loss) $ (84,500)

Additional data:

Division East Central West

Sales $ 350,000 $ 620,000 $ 530,000

Variable expenses as

a percentage of sales 44 % 39 % 49 %

Traceable fixed expenses $ 294,000 $ 329,000 $ 196,000

Implementation of the proposal:

Sales for West = $604,200 ($530,000 * 1.14)

Traceable fixed expenses for West = $225,000 ($196,000 + 29,000)

Contribution format income statement segmented by divisions:

Company East Central West

Sales $ 1,574,200 $350,000 $620,000 $604,200

Variable expenses 655,500 154,000 241,800 259,700

Contribution margin 918,700 $196,000 $378,200 $344,500

Traceable fixed expenses 848,000 294,000 329,000 225,000

Non-traceable fixed expenses 110,000

Net operating income (loss) $ (39,300) $(98,000) $49,200 $119,500

Decrease in net operating loss = $45,200 ($84,500 - 39,300)

5 0

3 years ago

All of these are pitfalls an organization should avoid in strategic planning except:_____________.1. using plans as a standard f

Tamiku [17]

Answer:

1. using plans as a standard for measuring performance.

Explanation:

Strategic planning is an important process that enables a business or an organization to have a sense of direction, goal orientation, and also enables them to evaluate and measure progress.

It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.

In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.

Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.

3 0

3 years ago