Answer:
10% is a high-profit margin
Explanation:
Since Justine is just starting her new business this might actually be a bad idea because 10% is a high-profit margin. In new business, you need to start off with very small profit margins in order to attract customers with low prices and grow a loyal customer base. Once the business begins to grow and sales start kicking up then you may begin increasing your profit margins.
Answer:
35.92%
Explanation:
The computation of cost of not taking the cash discount is shown below:-
Discount percentage ÷ (100 - Discount percentage) × (360 ÷ (Full Allowed Payment Days - Discount Days))
= 3% ÷ 97% × 360 ÷ (50 - 19)
= 3% ÷ 97% × 360 ÷ 31
= 0.03093 × 11.61290
= 0.359187
= 35.92%
Therefore for computing Mr. Warner's cost of not taking the cash discount we applied the above formula.
In SMART goal-writing criteria, the one that refers to being able to complete a goal is: Attainable
In determining a goal, we need to make sore that the Goal is possible based on our current ability, otherwise we just make ourselves and other people that we lead to a massive failure that could destroy our Morale as a team
Explanation:
The journal entries are as follows
a. Retained earnings A/c Dr $300,000 (600,000 shares × $0.50)
To Dividend payable A/c $300,000
(Being the dividend is declared)
b. No journal entry is required
c. Dividend payable A/c $300,000
To Cash A/c $300,000
(Being the dividend is paid for cash is recorded)
If the A.P.R. for a specific card is set at 9.99% - 23.99%, it shows the range of the A.P.R bank is offering for the card. It means the A.P.R. can be any % between 9.99% and 23.99%. The A.P.R. is decided on the basis for the credibility of the borrower. The credit score of the borrower is the factor to determine the credibility of the borrower. Hence the A.P.R of the card is determined on the basis of the credit score of the borrower.
Hence, the correct answer is:
b. One of the primary factors determining your card's A.P.R. is your credit score
