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4 years ago

Which of the following options is a better purchase for a bicycle?

Business

1 answer:

Bess [88]4 years ago

6 0

Answer:

Option 3: $12 down with equal payments of $5 for 12 months

Explanation:

In option 1 :

The cost is $ 88,

In option 2 :

Down payment = $ 5,

Weekly payment = $ 8,

Number of weeks = 10,

So, the total cost = 5 + 8 × 10 = 5 + 80 = $ 85,

In option 3 :

Down payment = $ 12,

Monthly payment = $ 5,

Number of months = 12,

So, the total cost = 12 + 5 × 12 = 12 + 60 = $ 72,

In option 4 :

Down payment = $ 20,

Monthly payment = $ 20,

Number of months = 12,

So, the total cost = 12 + 20 × 12 = 12 + 240= $ 252

∵ 72 < 85 < 88 < 252

Hence, option 3 is better.

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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

RSB [31]

Answer:

1. Match each phrase that follows with the term it describes:

a. Evaluation of how profit will change based on an alternative course of action

Correct term: Differential analysis

b. Possible result of using an inappropriate overhead allocation metho

Correct term: Product cost distortion

c. Revenue forgone from an alternative use of an asset

Correct term: Opportunity cost

d. Strategy that focuses on reducing the influence of bottlenecks

Correct term: Theory of constraints

e. Not relevant to future decisions

Correct term: Sunk cost

2. Match each phrase that follows with the term it describes:

a. Recognizes that a dollar today is worth more than a dollar tomorrow

Correct term: Time value of money concept

b. Often referred to as the discounted cash flow method

Correct term: Net present value method

c. Also referred to as capital budgeting

Correct term: Capital investment analysis

d. Average income as a percentage of average investment

Correct term: Average rate of return

e. Can be determined by initial cost divided by annual net cash inflow of an investment

Correct term: Cash payback period

3. Match the following descriptions and examples with the four performance perspectives in the balanced scorecard:

a. Focuses on operational efficiencies and issues like improving manufacturing performance

Correct option: Internal processes

b. Focuses on obtaining and retaining customers and customer base

Correct option: Customer

c. Focuses on traditional accounting measures of performance, such as net income and cash flow

Correct option: Financial

d. Focuses on research and development initiatives and employee training, retention, and satisfaction efforts

Correct option: Learning and growth

7 0

3 years ago

Rosewood Company made a loan of $8,600 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate

tatuchka [14]

Answer:

Year 1 = $387

Year 2 = $516

Explanation:

Loan has been granted on 1 April in Year 1 i.e. for a period from 1 April to 31 December = 9 months.

Interest for year 1 @6% = $8,600 X $\frac{6}{100} X\frac{9}{12}$

= $387

Interest for year 2 will be from 1 January to 31 December =

$8,600 X $\frac{6}{100} X \frac{12}{12}$ = $516

Therefore interest revenue to be reported by Rosewood Company will be as follows

Year 1 = $387

Year 2 = $516

6 0

4 years ago

Fran buys 1,000 shares of stock issued by Miller Brewing. In turn, Miller uses the funds to buy new machinery for one of its bre

zhenek [66]

Answer: d. Fran and Miller are both investing.

Explanation: An investment is the action of using a quantity of resources in a project or business to make a profit.

Both Fran and Miller are investing, because Fran wants to take advantage of his savings by buying the shares to make them grow and Miller wants to invest in his business, to be able to increase production or get a better result than he currently maintains.

5 0

3 years ago

Read 2 more answers

Shortly after recording street survivors, this group was involved in a fatal plane crash:

KengaRu [80]

Street Survivors was the fifth studio album of the rock group Lynyrd Skynyrd, recorded in 1977. In October of that year, a small plain carrying members of the band as well as managers and support personell, crashed near Gillsberg, Mississippi. Lead Vocalist Ronnie Van Zant, guitarist Steve Gaines, and backup vocalist Cassie Gaines were among the six killed.

3 0

4 years ago

Jamison Company has the following obligations at December 31: For each obligation, indicate whether it should be classified as a

Rashid [163]

Answer:

Explanation:

The current liability is that liability in which the obligation is arise for one year or less than one year.

So, the categorization is shown below:

a. A note payable for $100,000 due in 2 years. = It is not a current liability as it is due in 2 years that come under the long term liability

b. A 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments. = Current liability for first annual payment only and rest is consider to be long term liability

c. Interest payable of $15,000 on the mortgage. = Current liability as it is arise within one year

d. Accounts payable of $60,000. = Current liability as it is arise within one year

The current liability is shown on the liabilities side of the balance sheet.

7 0

3 years ago