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3 years ago

Explain why making the minimum payment leads to paying the most interest.

1 answer:

6 0

since the price is so low the interest goes up because you paid just a little and so they want to get more off of that purchase.

Explanation:

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Mattress wholesalers, inc. is constantly trying to reduce inventory in its supply chain. last year, cost of goods sold was $7

creativ13 [48]

Its weeks of supply last year was = 10

<u>Explanation:</u>

we are given for last year

cost of goods sold was $7.5 million and inventory was $1.5 million

firstly , we will find average cost of sold good on week basis

=cost of goods / total number of weeks in a year

so, we get

average cost of sold good on week basis as :

7.5 by 50 = 0.1442 million

now, we can find weeks supply

Weeks supply=Investment in inventory/ Average cost of sold good on week basis

week supply = 1.5 by 0.1442 =10

so, week supply = 10

we are given for this year

cost of goods sold is $8.6 million and inventory investment is $1.6 million

firstly , we will find average cost of sold good on week basis

=cost of goods / total number of weeks in a year

so, we get

average cost of sold good on week basis as :

=8.6 by 52 = 0.1654 million

now, we can find weeks supply

Weeks supply=Investment in inventory/ Average cost of sold good on week basis

week supply = 1.6/0.1654 =10

so, week supply = 10

4 0

3 years ago

Firms that play it safe and do not enter the global market are likely to lose their chances to enter other markets ________.

DaniilM [7]

And risk losing their home markets.

5 0

4 years ago

Gustavson Corporation uses the direct method to allocate service department costs to operating departments. The company has two

trapecia [35]

Answer:

C) $340,240

Explanation:

Service Department Operating Department

Administrative Facilities Assembly Wholesaling

Departmental costs $26,840 $59,400 $183,430 $321,190

Employee time (hours) 4,000 2,000 29,000 15,000

Space occupied - sq ft 2,000 2,000 30,000 6,000

total administrative costs = $26,840

total employee hours = 29,000 + 15,000 = 44,000

administrative cost per employee hour = $26,840 / 44,000 = $0.61

total facilities costs = $59,400

total square feet = 30,000 + 6,000 = 36,000

administrative cost per employee hour = $59,400 / 36,000 = $1.65

total Wholesaling Department cost = $321,190 + ($0.61 x 15,000) + ($1.65 x 6,000) = $321,190 + $9,150 + $9,900 = $340,240

5 0

3 years ago

Afish cannot survive without water and a profession cannot exist without education. Justify this statement logically

givi [52]

Answer:

Water is the home of fish. If there won't be water then there won't be fish as fish can't survive without water. Similarly, education is like the water and profession is like the fish. Education makes a person skilled, trained, capable to perform a job. If someone tries to do a job without gaining some sort of education then it will be very hard for them to do that particular job properly. Education provides us knowledge and skill to perform any task in a job efficiently and effectively. Education helps to develop one's confidence, knowledge, skills and makes one ready to do any type of job. Education makes a direct contribution to the production of skilled manpower. So without education there won't be any profession.

Explanation:

(this is what I wrote)

5 0

3 years ago

This one is harder you have to try to gfuess my favoitre coulor if you can guess it you get brainnlest

My name is Ann [436]

Red? ?????????? I’m guessing

7 0

3 years ago

Read 2 more answers