Your total debt from all loans should not exceed what percentage of your gross monthly salary?

A. complete the table below. round change in deposits change in reserves change in loans first $0 $0 $1000 second third fourth f

Sliva [168]

I think it is D because you need to find the total amount of money

3 0

3 years ago

Forlornistan is a country in the midst of a serious economic downturn. Forlornistan's GDP has declined steadily for over three y

goblinko [34]

Answer:

The correct answer is option c.

Explanation:

Forlornistan is experiencing an economic downturn, the GDP has steadily declined, the employment rate is very low and the CPI is falling.

All these characteristics show that the economy is going through economic depression.

Depression refers to the situation in which an economy suffers a downturn in economic activities. It involves decrease in output level, price and employment rate.

6 0

3 years ago

PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and bra

KengaRu [80]

Answer:

For Break Even Point

Oil Change: $ 210,000

Brake repair: $ 90,000

For target profit

Oil Change: $ 350,000

Brake repair: $ 150,000

Explanation:

Now, we solve for

the target mix:

sales weight times contribution ratio

0.70 x 0.20 + 0.30 x 0.4 = 0.26

Now we solve the break even point for each service outlet:

$\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}$

Oil Change: 78,000 / 0.26 = 300,000 sales revenue

we multiply by the weight to know eahc type of serivce sales revenue

Oil Change: $ 300,000 x 0.7 = $ 210,000

Brake repair: $ 300,000 x 0.3 = $ 90,000

Now we solve for target profit:

(78,000 + 52,000) / 0.26 = 500,000

Oil Change: $ 500,000 x 0.7 = $ 350,000

Brake repair: $ 500,000 x 0.3 = $ 150,000

6 0

3 years ago

According to the rational choice theory, an individual is likely to commit a crime when he or she:

Korolek [52]

Answer:

d.

perceives the benefits of committing the crime to be greater than the potential costs.

Explanation:

Rational choice theory states that an individual makes rational calculations when making a decision. A rational decision maker chooses the option that best maximises personal benefits over costs.

I hope my answer helps you

5 0

3 years ago

Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par value, 10

gogolik [260]

Answer:

1. See the attached excel file for the journal entries.

2. Ending balance of retained earning is $346,125

3.Total Stockholder's Equity is $1,616,125

Explanation:

1. Prepare journal entries to record each of these transactions.

Note: See the attached excel file for the journal entries.

The following are tge workings:

w.1: Treasury stock = $5,000 * $20 = $10,000

w.2: Dividend payable = (Issued and outstanding shares - Shares repurchase) * Dividend per share = (60,000 - 5,000) * $4 = 55,000 * $4 = $220,000

w.3: Cash = Number of shares sold * Selling price per share = 1,875 * $24 = $45,000

w.4 = Treasury stock = Number of shares sold * Treasury price per share = 1,875 * $20 = $37,500

w.5: Additional paid in capital = Number of shares sold * (Selling price per share - Treasury price per share) = 1,875 * ($24 - $20) = $7,500

w.6: Cash = Number of shares sold * Selling price per share = 3,125 * $17 = $53,125

w.7 = Treasury stock = Number of shares sold * Treasury price per share = 3,125 * $20 = $62,500

w.8: Balancing figure = Treasury stock (w.7) – Cash (w.7) - Additional paid in capital (w.5) = $62,500 - $53,125 - $7,500 = $1,875

w.9: Dividend payable = (Issued and outstanding shares * Dividend per share = 60,000 * $4 = $240,000

2. Prepare a statement of retained earnings for the year ended December 31, 2019.

Kohler Corporation

Statement of Retained Earnings

On December 31, 2019

Particulars Amount ($)

Opening balance 400,000

Income for the year 408,000

Dividend Paid (220,000 + 240,000) (460,000)

Loss on sale of treasury stock (1,875)

Ending balance  346,125 

3. Prepare the stockholders’ equity section of the company’s balance sheet as of December 31, 2019.

Kohler Corporation

Stockholder Equity Section of Balance sheet

At December 31, 2019

Particulars Amount ($)

Common stock issued ($20 * 60,000) 1,200,000

Paid-in capital in excess of par v - c. stock 70,000

Total contributed Capital 1,270,000

Retained Earnings 346,125

Total Stockholder's Equity  1,616,125 

Download xlsx

3 0

4 years ago