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3 years ago

List at least two tips for using credit wisely

Business

2 answers:

PIT_PIT [208]3 years ago

5 0

Pay your balance each month and keep a limit

Annette [7]3 years ago

5 0

Keeping a limit so ou don't spend too much and paying your bills on time or keeping it simple and easy to access

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Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. During 2019, the company had revenues of $410,000 and ba

NISA [10]

Answer:

Retained earnings on the December 31, 2019: $253,000

Explanation:

Ending balance in retained earnings is calculated by using following formula:

Ending balance in retained earnings = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends

Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. Beginning balance in retained earnings at January 01, 2019 is $210,000

Net income = Revenues - Expenses = $410,000 - $355,000 = $55,000

Ending balance in retained earnings = $210,000 + $55,000 - $12,000 = $253,000

4 0

4 years ago

More often than not, policymakers find it useful to employ monetary and fiscal policies in

frutty [35]

Yest that is correct

6 0

4 years ago

When a bank account pays compound interest, it pays interest not only on the principal amount that was deposited into the accoun

Ann [662]

Answer:

A = P (1 + r / m)^n m

A = Amount

P = Interest rate

R = interest rate

N = number of years

m = number of compounding

Explanation:

7 0

4 years ago

If the economy is in an inflationary gap and the government attempts to balance the budget, the effect will be to

Alex17521 [72]

Answer:

To cover budget imbalances, governments borrow money

Explanation:

A government's national debt grows every time it borrows money.

8 0

2 years ago

You run a nail salon. Fixed monthly cost is $5,093.00 for rent and utilities, $5,924.00 is spent in salaries and $1,370.00 in in

irina1246 [14]

Answer:

The indifference point is 290 services.

Explanation:

Current location:

Rent and utilities= $5,093

Salies= $5,924

Insurance= $1,370

Total fixed cost= $12,387

Contribution margin per unit= 116 - 4= $112

New location:

Rent and utilities= $11,944

Salies= $6,992

Insurance= $2,427

Total fixed costs= $21,363

Contribution margin per unit= 151 - 8= $143

First, we need to structure the total income formula (y):

Current location:

y= 112x - 12,387

New location:

y= 143x - 21,363

x= number of services

Now, we equal both formulas and isolate x:

112x - 12,387 = 143x - 21,363

31x =8,976

x= 289.55 = 290 services

The indifference point is 290 services.

Prove:

y= 112*290 - 12,387= $20,093

y= 143*290 - 21,363= $20,107

The difference is due to round up.

7 0

3 years ago