A comparative balance sheet and income statement is shown for Cruz, Inc.

Personal finance skills have the most significant impact on an individual's

ryzh [129]

Answer:

Quality of life.

Explanation:

Financial skills can be defined as those skills that are used to tackle an unpredictable financial situation. It requires knowledge and understanding to manage such situations. Using these skills one is able to turn this tough situation in favor of ownself.

Such skills are used in the professional line by accountants, financial analysts, etc.

<u>Having personal financial skills helps in enhancing the quality of life. Having financial skills in personal life helps in many things such as savings, bargaining, able to distinguish between what they need and what they want, etc</u>.

So, the correct answer is quality of life.

7 0

3 years ago

Bella Donna Company has 100,000 shares of $3 par common stock issued and outstanding as of January 1, 2018. The shares were orig

kondaur [170]

Answer:

The balance in the paid in capital in excess of par will be $478,950.

Explanation:

As 4,210 shares is retired and each shares carries a $5 Paid-in capital in excess of par ( Issued price - Par value = $8 - $3 = $5), the retirement of 4,210 shares will include the clear of 4,210 x 5 = $21,050 in Paid-in capital in excess of par.

The beginning balance of the Paid-in capital in excess of par account = (8 -3) x 100,000 = 300,000

=> The remaining balance of the Paid-in capital in excess of par account = 500,000 - 21,050 = $478,950.

So, the answer is $478,950.

8 0

3 years ago

1. Contrafic Corporation used the following data to evaluate its current operating system. The company sells items for $21 each

olga_2 [115]

Answer:

$470,000 F

Explanation:

The computation of the static budget variance of operating income is shown below:

Particulars Actual results Static budget Static budget variance Units sold 180,000 units 185,000 units

Revenues $3,780,000 $4,440,000 $660,000 U

Variable costs $1,080,000 $1,295,000 $215,000 F

Contribution margin $2,700,000 $3,145,000 $445,000 F

Fixed costs $800,000 $775,000 $25,000 U

Operating income $1,900,000 $2,370,000 $470,000 F

Note:

Multiply the selling per unit with unit sold to get the revenue amount

6 0

3 years ago

For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do not use rounded

jeyben [28]

Answer:

(A) $ 2,602.34

(B) $ 4,156.97

(C) $ 8,233.47

(D) $ 46,796.64

Explanation:

We need to solve for the PMT of an ordinary annuity:

$FV \div \frac{(1+r)^{time} -1}{rate} = C\\$

(A)

FV 24,850

time 8

rate 0.05

$24850 \div \frac{(1+0.05)^{8}-1 }{0.05} = C\\$

C $ 2,602.337

(B)

FV 1,030,000

time: 43

rate 0.07

$1030000 \div \frac{(1+0.07)^{43} -1}{0.07} = C\\$

C $ 4,156.972

(C)

FV 856,000

time 29

rate 0.08

$856000 \div \frac{(1+0.08)^{29} -1}{0.08} = C\\$

C $ 8,233.466

(D)

FV 856,000

time 14

rate 0.04

$856000 \div \frac{(1+0.04)^{14} -1}{0.04} = C\\$

C $ 46,796.641

5 0

3 years ago

Explain how the aspects and procedures of sustainable restaurants like Acorn House or Waterhouse differ from those of a non-sust

tensa zangetsu [6.8K]

Answer:

In order to be <u>sustainable in the hospitality industry</u>, a company (restaurant) needs to implement the sustainability approach across more levels. The sustainable practices that differ Acorn House from non-sustainable restaurant are composting waste (minimizing actual waste), sourcing local ingredients (economically stimulating the region, while the carbon footprint of the ingredients is minimized) and investing in the training and development of their staff to learn the pillars of eco cuisine.

7 0

3 years ago