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IceJOKER [234]
3 years ago
12

Kara categorized her spending for this month into four categories: Rent, Food, Fun, and Other. The amounts she spent in each cat

egory are pictured here. Rent $278 Food $222 Fun $167 Other $333 What percent of her total spending did she spend on Rent? Answer to the nearest whole percent.
Business
1 answer:
damaskus [11]3 years ago
4 0

Answer:

=28%

Explanation:

Kara total income is the aggregate of her total spending. Her total income is rent $278 + Food $222, + fun $167, + $333= $1000.

Kara expenditure on rent is $278

As a percentage of her total income = rent/ total income x 100

=$278/$1000 x 100

=0.278 x 100

=27.8%

=28%

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Forlornistan is a country in the midst of a serious economic downturn. Forlornistan's GDP has declined steadily for over three y
goblinko [34]

Answer:

The correct answer is option c.

Explanation:

Forlornistan is experiencing an economic downturn, the GDP has steadily declined, the employment rate is very low and the CPI is falling.

All these characteristics show that the economy is going through economic depression.

Depression refers to the situation in which an economy suffers a downturn in economic activities. It involves decrease in output level, price and employment rate.

6 0
3 years ago
Because risk is associated with the potential for higher profits, businesspersons are motivated to choose organizational forms t
avanturin [10]

Answer:

The correct answer is A. True.

Explanation:

Risk management models are a great tool to anticipate and prevent possible losses that could occur when investing a certain capital, implementing appropriate precautionary measures; Therefore, organizations and investors that have a culture of risk, create a competitive advantage over others, by assuming assessed risks, gain experience in risk management, anticipate adverse changes, protect or cover their investments in advance and obtain higher profits by taking greater risks.

3 0
4 years ago
L Corporation produces and sells 13,800 units of Product X each month. The selling price of Product X is $20 per unit, and varia
Ray Of Light [21]

Answer:

It will be a financial disadvantage of 52,800

Explanation:

                Continued Discontinued     Differential

Sales             276000               -                 -276,000

Variable       -193,200               -                    193,200

Fixed             -30,000               -                    30,000

Allocate cost -73000      -73000                       -  

Result            - 20,200      -73,000              -52,800

We compare each alternative:

if discontinued only the allocate cost will remain.

but we also loss the contribution of the product sales.

Sales 13,800 x 20

Variable 13,800 x 14

Tracable Fixed total fixed cost - unavoidable fixed cost

                                   103,000 - 73,000 = 30,000

Allocate 73,000

Once we got the number we plug into the table and calcualte the differential income.

8 0
4 years ago
Harrington makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60%
GuDViN [60]

Answer:

Cash Collection is $122,000

Receivable as on August 31, is $97,000

Explanation:

Total budgeted cash collection in the month of August is $122,000 and total receivables as on August 31 is $97,000.

A schedule for the cash collection is made in MS Excel file, which is attached with this answer, please find it.

Download xlsx
5 0
3 years ago
Stuart Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company that
andrey2020 [161]

Answer:

Explanation:

The preparation of sales budget for the first quarter of year

Sales budget for the first quarter

                              Jan                 Feb          March

Sales                    $260,000    $312,000    $374,400

Working Note

For Feb Sales = $260,000 × (100 + 20%)

= $260,000 × 120%

= $312,000

For March Sales = $312,000 × 120%

= $374,400

The amount of sales revenue Stuart will report on the year 1 first quarterly pro forma income statement is shown below:-

Jan Sales = $260,000

Feb Sales = $260,000 × (100 + 20%)

= $260,000 × 120%

= $312,000

March Sales = $312,000 × 120%

= $374,400

Total Sales = $260,000 + $312,000 + $374,400

= $946,400

The preparation of cash receipts schedule for the first quarter of year is shown below:-

                                        Jan                 Feb                   March

Jan Sales collection    $182,000          $54,600          $23,400

                   ($260,000 × 70%)    ($260,000 × 21%)   ($260,000 × 9%)

Feb Sales collection                             $218,400           $65,520

                                                     ($312,000 × 70%)    ($312,000 × 21%)

March Sales collection                                                      $262,080

                                                                                      ($374,400 × 70%)

Total cash collections  $182,000         $273,000           $351,000

The amount of accounts receivable is given below:-

                                    Receivables

Out of Feb Sales            $28,080

($312,000 × 9%)

Out of March Sales         $112,320

($374,400 × (21% + 9%))

Total receivables            $140,400

3 0
3 years ago
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