The answer that would best complete the given statement above would be the first option. <span>Emily, a college student, reads an article in Money magazine. The author has a degree in finance. The article is about getting a home equity loan. This information is RELIABLE AND RELEVANT. Finance relates not only how to manage money but also how to acquire needed funds. </span>
Answer:
production possibilities curve (PPC)
Explanation:
The PPC is used to explain the tradeoffs that producers face when having to choose between 2 different alternative products or services. The more they choose of one product, the less they will be able to produce of the other product. Opportunity costs are the associated costs or benefits lost resulting from choosing one activity or investment over another alternative.
Answer:
Contribution margin per hour= $360
Explanation:
Giving the following information:
Bread Machines:
Sales price= $140
Variable costs= $50
Contribution margin per unit= $90
Kitchen Convenience can manufacture four bread machines per machine hour.
<u>To calculate the total contribution margin per hour, we need to multiply the number of bread machines produced in an hour for the unitary contribution margin.</u>
Contribution margin per hour= $90*4 units= $360
Answer:
1.Jan 01 Dr Cash 360,000
Cr Notes payable 340,000
2.Interest expense 28,800
Principal Reduction 61,364
Explanation:
MM Co.
1 . Journal entry
Since MM Co. borrows $360,000 cash on January 1 from a bank this means we have to
Debit Cash with the amounts of money he borrowed which is $360,000 and Credit Notes Payable with the same amount.
Jan 01 Dr Cash 360,000
Cr Notes payable 340,000
2. Calculation of the amount goes toward interest expense and Principal reduction
Interest expense 28,800
(360,000*8%)
Principal Reduction 61,364
(90,164-28,800)
