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MariettaO [177]
3 years ago
9

Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financia

l reserve. (3-6 sentences)
Business
1 answer:
IceJOKER [234]3 years ago
7 0

Answer:

There are a thousand and one scenarios that would make me break my piggy bank.

Explanation:

If I came across a  very good deal, I'd draw from my financial reserve and empty it if need be to take advantage of such an opportunity.

Imagine for instance that a 2020 Chevrolet Silverado 2500HD truck which normally goes for about $34,000 is suddenly available for whatever legitimate reason for about $10,000 and its only 3 months old without dents or any mechanical fault, perhaps the owner needs cash for something equally more profitable to them, I'd grab the opportunity to buy it and resell at a higher price in order to turn a decent profit.

For a car that has only been used for three months, I can resell easily and very quickly at half the original price making a $7,000 in profit or I decide to hold on a little while can actually sell at a much higher price for nearly $30,000 perhaps one or two thousand dollars less and still make an extremely good profit.

Cheers

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In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company
DIA [1.3K]

Answer: b. Matching

Explanation: The matching principle as an accounting practice states that all expenses must be matched in the same accounting period as the revenues they helped to earn. It recognizes revenues and related expenses of firms in the same accounting period. The matching principle helps in the avoidance of misstated earnings for a period.

Therefore the warranty expense note exemplifies Apple's use of the matching principle.

8 0
3 years ago
If a manufacturer offers a wholesaler a special incentive to carry a new product line, which strategy is being applied?
nirvana33 [79]
<span>Actually here in the above case its purely a brand marketing and quick sales of products strategy is being applied on by the manufacturer on wholesaler who inturn does the same on the people for the new product line, which is a win win situation for every one who are involved in this smart process or strategy for sure.</span>
5 0
4 years ago
What is the difference between position management and job management.
Lelechka [254]

The difference between position management and job management lies in the fact that;

  • In Position Management, a position is created for each new employee/opening while In Job Management, no positions are necessary in order to create a job requisition.

<h3>Staffing Models</h3>

Conventionally, there are two types of staffing models:

  • Position Management and
  • Job Management.

In Position Management, it is necessary that a position is created for each new employee/opening. In such cases, reports show open positions and vacancy rates.

However, In Job Management, no positions are needed in order to create a job requisition.

Read more on staffing Models;

brainly.com/question/14702055

4 0
2 years ago
Dunbar sold 640 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-a
Likurg_2 [28]

Answer:

$428.13

Explanation:

Note <em>The missing word have been attached as picture below</em>

<em />

Weighted average cost per unit = [(450*$2.18) + (370*$2.62)] / (450 + 370)

Weighted average cost per unit = ($981 + $969.4) / 820

Weighted average cost per unit = $1950.4 / 820

Weighted average cost per unit = 2.378536585365854

Weighted average cost per unit = $2.3785

Ending inventory unit = 450 + 370 - 640

Ending inventory unit = 180

Value of ending inventory = $2.3785 * 180 units

Value of ending inventory = $428.13

6 0
3 years ago
Store
lisabon 2012 [21]
Can u make the question more clear
7 0
3 years ago
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