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3 years ago

During the Great Depression, consumer spending was higher than ever in history.

Business

2 answers:

Nata [24]3 years ago

7 0

Answer:

False

Explanation:

They were struggling with money so they couldn't spend very much.

Olenka [21]3 years ago

5 0

Answer:

False

Explanation:

During the Great Depression, many people were poor and couldn't afford to buy any goods or services. So that means consumer spending was the lowest ever in history...

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Market control Multiple Choice does not assume that the interests of the organization and individuals naturally diverge. is base

NeX [460]

Answer: uses prices, competition, and exchange relationships to regulate activities.

Explanation:

Market control involves using pricing mechanisms and exchange relations for the regulation of organizational activities. In market control, competition, prices, and exchange relationships are used to regulate the activities.

The option about the assumption that the interests of the organization and individuals naturally diverge is the clan control.

8 0

3 years ago

Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be

enyata [817]

Answer: $68,200

Explanation:

Estimated inventory = Difference between Goods available for Sale at Retail Price and Actual Sales made * Cost Retail Ratio

Retail value of Goods Available for Sale

= Retail Price of Beginning Inventory + Retail price of Purchases

= 120,000 + 480,000

= $600,000

Difference between Goods available for Sale at Retail Price and Actual Sales made

= 600,000 - 490,000

= $110,000

Cost to retail price ratio

= (Cost of Beginning Inventory + Cost of Purchases) / (Retail Price of Beginning Inventory + Retail Price of Purchases)

= (60,000 + 312,000) / (120,000 + 480,000)

= 62%

Ending inventory

= 110,000 × 62%

= $68,200

5 0

4 years ago

Billy's is currently an all equity firm that has 115000 shares of stock outstanding at a market price of $36.22 a share. The fir

Len [333]

Answer:

So, Break-even EBIT is $265,643.45

Explanation:

Let Break-even EBIT be $x

Number of shares outstanding = 150,000

Current Price of share = $39.36

EPS = EBIT / Number of shares outstanding

EPS = $x / 150,000

Levered Plan:

Value of Debt = $100,000

Interest Rate = 9.6%

Interest Expense = 9.6% *$100,000 = $9600

Number of shares repurchased = $100,000 / $39.36

Number of shares repurchased = $2,541

Number of shares outstanding = 150,000 - 2,541

Number of shares outstanding = 147,459

EPS = (EBIT - Interest Expense) / Number of shares outstanding

EPS = ($x - $9600) / 147,459

EPS under All equity plan = EPS under levered plan

$x / 150,000 = ($x - $9600) / 147,459

147,459 * $x = 150,000 * $x - $675,000,000

$675,000,000 = 2,541 * $x

$x = $265,643.45

So, Break-even EBIT is $265,643.45

3 0

4 years ago

Shoreline Insurance deposited $27,000 in an account paying 4 compounded daily on April 2 and deposited an additional $4,200 in t

nydimaria [60]

Answer:

Balance on balance on July 1 is $31490.67

Explanation:

given data

deposited P = $27,000

time = April 2 to May 12 = 40 days

rate = 4 % = 0.04

solution

we get here first compound amount that is express as

amount = P × $(1+\frac{r}{n})^{nt}$ ...................1

put her value

amount = 27000 × $(1+\frac{0.04}{365})^{(365\times \frac{40}{365})}$

amount = $27118.60

and

now we add here $4,200 in $27118.60 that will be

new principal P = $31318.60

and time t = 12 may to July 1 = 50 days

we get here amount that is put value in equation 1 we get

amount = $31318.60 × $(1+\frac{0.04}{365})^{(365\times \frac{50}{365})}$

solve it we get

amount = $31490.67

so that balance on balance on July 1 is $31490.67

5 0

4 years ago

Freeeeeeeeeeeeeeeeeeeeeeeeeeeeeee points for you guys

tankabanditka [31]

Answer:

thanks

Explanation:

6 0

3 years ago

Read 2 more answers