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weqwewe [10]
3 years ago
9

Most Americans avoid the use of credit when it comes to buying big ticket items like a car or furniture for their home

Business
1 answer:
Veseljchak [2.6K]3 years ago
4 0
True........it is true because........
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Billing inc., has net income of $161000, a profit margin of 7.6 percent, and an accounts recievable balance of $127100. Assume t
xz_007 [3.2K]

Answer:

Days' sales in receivables = 33.2 days

Explanation:

<em>Days sales receivables is the average length of time it takes a business to collect the amount owing in respect of credit sales transaction. The shorter the days, the better.</em>

Receivable days = Average receivables /Credit sales × 365 days

Net Income = Profit margin × Sales

Let "y" represent total sales

161,000 = 7.6% ×  y

y = 161,000/7.6%= 2,118,421.053

Credit sales = 66%× total sales

                      = 66%×2,118,421.053  =  1,398,158  

Days' sales in receivables = 127100/ 1,398,158  × 365 days =33.18 days

Days' sales in receivables = 33.2 days

     

5 0
3 years ago
Dybala Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sel
Tanya [424]

Answer:

  • Increase of $8,900

Explanation:

  • It means that if the investment in advertising generate an increase of 330 units of sales it would have an increase in the income of the company of $8,900.

  • Initial Situation

Dybala  

5,320      Quantity

$ 125,0     Unit Price

$ 665,000 Total Net Sales

100%        Percentage

-$ 75,0     Unit Variable Cost

-$ 399,000 TOTAL Variable Cost

60%         Percentage

$ 50,0      Unit Cont Margin

$ 266,000 Contributing Margin

40%                % Contribution

-$ 240,000 Anual Fixed Costs

$ 4,9        Unit Segment Margin

$ 26,000 Segment Margin

4%            % Contribution

  • New Situation with the incremental sales.

Dybala  

5.650       Quantity

$ 125,0     Unit Price

$ 706.250 Total Net Sales

100%        Percentage

-$ 75,0      Unit Variable Cost

-$ 423.750 TOTAL Variable Cost

60%         Percentage

$ 50,0      Unit Cont Margin

$ 282.500 Contributing Margin

40%         % Contribution

-$ 247.600 Anual Fixed Costs

$ 6,2        Unit Segment Margin

$ 34.900 Segment Margin

5%             % Contribution

5 0
3 years ago
How do flexible expenses differ from fixed expenses?
Leokris [45]
Fixed expenses are expenses incurred within a given period of time e.g a month and remain constant and are not easily changed. They include monthly bills and expenses such as health insurance and life insurance. On the other hand, flexible expenses also called variable expenses include daily spending such as spending on food tea, which differ and change time to time .<span />
3 0
3 years ago
What is land as a factor of production?
marta [7]
Could be cause of trade , if you have land it is also good for crops which is production 
3 0
3 years ago
Suppose the economy is operating at a point where output is less than the natural level of output. Which of the following statem
laiz [17]

Answer: a) the price level is less than the expected price level.

Explanation:

When the actual output in an economy is lower then the natural output it is called a Contractionary Gap and the price level will be lower.

This is because the Short Run Aggregate Supply Curve and the Demand curve will intersect at a lesser quantity which will equate to a lower price as well because the economy is producing less and the people are demanding less as well so the point at which they meet will be a lesser price.

3 0
3 years ago
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