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3 years ago

What is a sinking fund?

1 answer:

4 0

A fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.

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If Maggie can make $80,000 as an accountant, $50,000 as a cashier, $20,000 as a cook, and nothing as an opera singer, she has a

SIZIF [17.4K]

Answer:

A) accounting.

Explanation:

Given that

An accountant = $80,000

Cashier = $50,00

Cook = $20,000

Opera singer = $0

By considering the above information, we can concluded that

If we compare the wages in different scenarios, the Maggie can make a comparative advantage by adopting as accounting as it has higher wages compared to others. It also reflects the efficiency compares with the other activity

4 0

4 years ago

Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,380 per month. One of the bar

ANTONII [103]

Answer:

Fredonia Barber Shop

a. Variable costs per haircut = $4.40

Total monthly fixed costs = $8,910

b. Break-even point in units = 1,350

Break-even point in sales dollars = $14,850

Net income with 1,670 haircuts = $2,120

Explanation:

a) Data and Calculations:

Fixed costs:

Wages of barbers per month = $6,900 ($1,380 * 5)

Manager's allowance per month = $535

Advertising per month = $270

Rent per month = $1,010

Utilities per month = $160

Magazines per month = $35

Total fixed costs per month = $8,910

Ivanhoe currently charges $11 per haircut.

Variable costs per haircut:

Commission per haircut = $3.75

Barber supplies per haircut = $0.50

Utilities per haircut = $0.15

Total variable costs per unit $4.40

Contribution margin per haircut = $6.60 ($11 - $4.40)

Contribution margin ratio = 0.6

Break-even point in units = $8,910/$6.60 = 1,350

Break-even point in sales dollars = $8,910/0.6 = $14,850

Net income assuming 1,670 haircuts for a month:

Sales revenue = $18,370 ($11 * 1,670)

Variable costs = 7,340 ($4.40 * 1,670)

Contribution $11,030

Fixed costs 8,910

Net income $2,120

8 0

3 years ago

A yearly statement of the financial condition, progress, and expectations of an organization

prohojiy [21]

This is an annual report.

An annual report is a report that is given or done yearly for the financial condition or progress of an organization.

5 0

3 years ago

Read 2 more answers

Exercise 24-3 Payback period computation; straight-line depreciation LO P1 A machine can be purchased for $140,000 and used for

kkurt [141]

Answer:

Year 1 Year 2 Year 3 Year 4 Year 5 Net income $ 9,500 $ 23,500 $ 64,000 $ 35,500 $ 94,000

Explanation:

look p1 a machine

6 0

3 years ago

Suppose individuals wish to obtain the most accurate comparison of living standards between the US and Saudi Arabia. To do so, o

valina [46]

Answer:

Purchasing power parity methods

Explanation:

Purchasing power parity (PPP) method compares the productivity and the standards of living between countries by using the 'basket of goods approach'. The basket approach implies a determination of the quantity of money needed to purchase a common unit(basket) of goods and services in different countries. Two countries will be said to be at par if a 'basket of goods' costs the same considering the exchange rates.

Cost of living and the inflation rate in a country determine the purchasing power of its currency. Purchasing power parity attempts to equalize different currencies by considering inflation and purchasing power in each country.

7 0

3 years ago