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3 years ago

When you lease a car, you never have to worry about the number of miles you drive

Business

1 answer:

vivado [14]3 years ago

6 0

Answer:

False

Explanation:

Generally, a lease limits the number of miles allowable to drive in a year, which is between 12,000 and 15,000 miles. Exceeding the lease limit will result in large charges that may be up to several thousands of dollars

Therefore, it is important to be cautious on the amount of driving done when a car is leased and if needed, more miles can be pre-purchased before the lease agreement is signed

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Baldwin corp. ended the year carrying the most inventory. calculate baldwin corp.'s dollars of additional revenue (in dollars) i

wariber [46]

Based on the value of Baldwin Corp's existing inventory, the dollars of additional revenue that would have been earned is $19,923,000.

<h3>What amount of dollars of additional revenue would Baldwin have earned?</h3>

The dollars of additional revenue that a company would have earned is the value of the existing inventory because inventory is assumed to be sold at cost.

Baldwin's existing inventory was valued at $19,923,000 so the dollars of additional revenue would be the same amount of $19,923,000.

Full question is:

Baldwin corp. ended the year carrying the most inventory of $19,923,000. calculate Baldwin corp.'s dollars of additional revenue (in dollars) if all existing inventory were sold at the current prices.

Find out more on the effects of existing inventory at brainly.com/question/24868116.

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6 0

1 year ago

You purchased 1,000 shares of the New Fund at a price of $20 per share at the beginning of the year. You paid a front-end load o

Mazyrski [523]

Answer:

6.37%

Explanation:

Rate of return

= (Aggregate investment value after one year - Investment value) / investment value ----- equation 1

Cost of shares =number of shares* price per share

= 1000* $20 =$20,000

Total amount invested = Purchasing cost /(1- front-end load)

= $20,000 / (1-0.04)

=$20,000 / 0.96 = $20,833.333

Investment value after one year

= Total Investment*( 1+ price increase-expense ratio)

= $20,000( 1 +0.12 -0.012)

= $20,000(1.12-0.012) = $20,000 * 1.108 = $22,160

From equation 1 above

Rate of return = ($22,160 - $ 20,833.333) / $20,833.333

$ 1,326.667 / $ 20,833.333

= 0.06368001701

= 0.0637

Since rates of return are expressed as %, we multiply the result by 100 to get

0.0637*100 =6.37%

My rate of return on the fund will be 6.37% if I sell the shares at the end of the year.

7 0

3 years ago

Selling goods only at certain predetermined prices that reflect definite price breaks is called .

Firlakuza [10]

selling goods only at certain predetermined prices that reflect definite price breaks is called Price lining

Price lining, also known as product line pricing, is a marketing tactic where a company charges for its products in accordance with its quality, features, or other characteristics to set them apart from competing ones.

Price line, to put it simply, is the practice of placing comparable products in various price ranges, each of which differs significantly in terms of the characteristics or qualities it offers. These brackets typically have lower starting prices and higher price points.

Despite having "price" in its name, price lining is a marketing tactic. The major goal of this strategy is to increase sales and audience size by making the offering more appealing to a wider range of consumers.

Apple, a company that makes smartphones, is a good illustration of price lining in action. Apple offers its iPhone lineup in a range of price points, with each model differing mainly in the small number of extra features that are added to the more expensive ones. Instead of solely selling expensive iPhones, Apple now offers a variety of models to appeal to customers with varying levels of purchasing power, which helps them grow sales.

To know more about price lining

brainly.com/question/7250116

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8 0

1 year ago

The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9:

Marizza181 [45]

Answer:

Adjusted bank account balance = Adjusted cash book balance = $34,500

Explanation:

Note: The correct requirement of this question is actually as follows:

Prepare a bank reconciliation.

It is not the ones erroneously stated in the question.

The bank reconciliation can now be prepared as follows:

Wolfpack Bread Inc.

Bank Reconciliation

August 31, 20Y9

Statement of Adjusted Bank Account Balance

Details Amount ($)

Cash balance according to bank statement 33,580

Add:

Deposit in transit, not recorded by bank 14,260

Less:

Checks outstanding (13,340)

Adjusted bank account balance  34,500 

Statement of Adjusted Cash Book Balance

Details Amount ($)

Cash balance according to Wolfpack 34,437

Add:

Check error ($762 - $276) 486

Less:

Bank service charges (144)

Other reconciling items (w.1) (279)

Adjusted cash book balance 34,500

Working:

w.1: Other reconciling items = Cash balance according to Wolfpack + Check error ($762 - $276) - Bank service charges - Adjusted bank account balance = $34,437 + 486 - 144 - $34,500 = $279

7 0

2 years ago

Gonzalez Company has been in business for several years. At the end of the current year, the ledger shows:

Westkost [7]

Answer:

Debit : Bad Debts = $16,370

Credit : Allowance for doubtful debts = $16,370

Explanation:

The question states that bad debts are expected to be 5% of the accounts receivables. This means that it is: $327,400 x 5% = $16,370.

An account for allowance for doubtful debts is a contra account created, predicting that certain debtors will not be able to pay for the goods and services they purchased. The 5% may be based on historical experiences. Doubtful debts aren’t officially uncollectible, it is simply a prediction, but bad debts are, where you have officially written off a certain accounts receivable as uncollectible.

An allowance for doubtful debts is recorded in the balance sheet, directly under accounts receivables. Bad debts are recorded as an expense in the income statement.

The initial entry for allowance for doubtful debts is incorrect, hence it would have to be corrected before the new amount can be recorded. Correction:

Debit : Allowance for doubtful debts = $7900

Credit : Bad debts = $7900

The accounts will be cancelled off and the new entry can be recorded...

Debit : Bad Debts = $16,370

Credit : Allowance for doubtful debts = $16,370

When the amount is officially declared uncollectible, the allowance for doubtful debts account will be debited and the accounts receivables account will be credited.

6 0

3 years ago