1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
CaHeK987 [17]
3 years ago
9

A good rule of thumb is to limit consumer credit payments to ____________ percent of your net monthly income.

Business
1 answer:
frutty [35]3 years ago
6 0
<span>A good rule of thumb is to limit consumer credit payments to 20% percent of your net monthly income.</span>
You might be interested in
On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requi
katrin [286]

Answer:

Dr Purchases/ Raw Material Inventory .......................80,000

Cr   Bank/Account Payable....................................................80,000

Dr Work in Process ................................................................67,400

Cr Raw Material Inventory............................................................67,400

Explanation:

FOR PURCHASE OF MATERIAL

Dr Purchases/ Raw Material Inventory .......................80,000

Cr   Bank/Account Payable....................................................80,000

Being purchase of 10,000 units of raw materials at  $8 per unit

FOR MATERIAL FOR PRODUCTION

Dr Work in Process ................................................................67,400

Cr Raw Material Inventory............................................................67,400

Being materials used in production: 7,500 units at $8 per unit for job 200 and 1,480 units at $5 per unit for job 305

In relation to 'purchase of material' we debit the raw material inventory account because material is increasing and is an asset account; and we credit Bank if the materials have been paid for OR 'accounts payable', if the material has not yet been paid for.

In relation to 'requisition of material for production' we debit the raw material inventory account because material is decreasing and is an asset account; and we credit 'work in process' to assign the cost of materials to the ongoing jobs respectively.

5 0
4 years ago
A much-used and potent managerial tool for determining whether a company performs particular functions or activities in a manner
Romashka [77]

Answer:

The correct answer is letter "E": benchmarking.

Explanation:

Benchmarking is a continuous process by which products, services or work processes of leading entities are taken to be compared to our company so after the analysis improvements can be made and implemented. Benchmarking is defined as the model of excellence from which the "best practices" can be obtained in favor of our own company.

8 0
3 years ago
Why is cooperative skill important in good trade? give the reasons..​
klio [65]

Answer:

Team cooperation encourages employees to work together for the benefit of the organization. It reduces the desire of employees to complete against each other,which often never good for the business,and instead focus on working together to achieve a common goal.

3 0
3 years ago
Which of the following is the number one method of financing for most new businesses?
Sergeeva-Olga [200]
Previous business sales
8 0
3 years ago
Read 2 more answers
The accompanying table shows a small community's demand for monthly subscriptions to a streaming movie service. Assume that only
Effectus [21]

Answer:

The correct answer is (b) Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.

Explanation:

Solution

Now,

A monopolist would supply where the total revenue is Maximum

So, quantity produced = 500 where each will produce 500/2

=250 units

Therefore from the given question stated as, If the two firms operating in this market agreed to each supply one-half of the quantity a monopolist would supply, the contract would specify that: Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.

4 0
3 years ago
Other questions:
  • Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The m
    6·1 answer
  • The term _____ can be used to refer to the totality of a firm's organization, includingits organizational structure, control sys
    6·1 answer
  • The manager of a gas station has observed that the times required by drivers to fill thier car's tank and pay are quite variable
    14·2 answers
  • Suppose an economy is initially in a steady state with capital per worker below the Golden Rule level.
    12·1 answer
  • Sweet Treats common stock is currently priced as $36.72 a share. The company just paid $2.18 per share as its annual dividend. T
    5·1 answer
  • Bramble Corp. reported the following year-end information: beginning work in process inventory, $270000; cost of goods manufactu
    7·1 answer
  • J.C. Penney Company is expected to pay a dividend in year 1 of $1.65, a dividend in year 2 of $1.97, and a dividend in year 3 of
    5·1 answer
  • An insurance company estimates its objective risk for 10,000 exposures to be 10 percent. Assuming the probability of loss remain
    9·1 answer
  • Company X has beta = 1.6, while Company Y's beta = 0.7. The risk-free rate is 7%, and the required rate of return on an average
    13·1 answer
  • irs guidelines require specific information to substantiate deductible automobile expenses. which 3 items are included in the su
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!