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3 years ago

Molly still has a $2500 down payment. How much loan does Molly need?

Business

1 answer:

deff fn [24]3 years ago

7 0

Answer:

remember that molly has a $2500 down payment saved for this purchase the dealer will take $500 cash allowance straight off her total how much does molly need

Explanation:

Molly needs = Down payment + Cash Allowance

=\$2500+\$500=$2500+$500

Molly Needs= \$3,000.=$3,000.

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Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the

Molodets [167]

Answer:

9,650 Units

Explanation:

The total unit transfer were 7,900 then we have to add the total units that are in Work in Process, which are +2.400+10.500-7.900 = 5.000, of that we have an advance of 35% of conversion cost, so we have 1.750 Units , Total Units = 7.900 + 1.750 = 9.650

Conversion

"Units transferred to the next department 7.900

Ending work in process:

Conversion:

Rest Of Units 5.000

Complete to conversion costs End 35% 1.750

Equivalent units of production 9.650

6 0

3 years ago

Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,380 per month. One of the bar

ANTONII [103]

Answer:

Fredonia Barber Shop

a. Variable costs per haircut = $4.40

Total monthly fixed costs = $8,910

b. Break-even point in units = 1,350

Break-even point in sales dollars = $14,850

Net income with 1,670 haircuts = $2,120

Explanation:

a) Data and Calculations:

Fixed costs:

Wages of barbers per month = $6,900 ($1,380 * 5)

Manager's allowance per month = $535

Advertising per month = $270

Rent per month = $1,010

Utilities per month = $160

Magazines per month = $35

Total fixed costs per month = $8,910

Ivanhoe currently charges $11 per haircut.

Variable costs per haircut:

Commission per haircut = $3.75

Barber supplies per haircut = $0.50

Utilities per haircut = $0.15

Total variable costs per unit $4.40

Contribution margin per haircut = $6.60 ($11 - $4.40)

Contribution margin ratio = 0.6

Break-even point in units = $8,910/$6.60 = 1,350

Break-even point in sales dollars = $8,910/0.6 = $14,850

Net income assuming 1,670 haircuts for a month:

Sales revenue = $18,370 ($11 * 1,670)

Variable costs = 7,340 ($4.40 * 1,670)

Contribution $11,030

Fixed costs 8,910

Net income $2,120

8 0

3 years ago

The following legal claims exist for Huprey Co. Identify the accounting treatment for each claim as either (a) a liability that

Deffense [45]

Answer:

Huprey Co.

Identifying the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements:

1. Huprey (defendant) estimates that a pending lawsuit could result in damages of $1,550,000; it is unlikely that the plaintiff will win the case.a. A liability that is recorded.

b. An item described in notes to its financial statements.

2. Huprey faces a loss on a pending lawsuit that it is unlikely to lose; the amount is reasonably estimable.

a. An item described in notes to its financial statements. b. A liability that is recorded.

3. Huprey faces a probable loss on a pending lawsuit; the amount is reasonably estimable.a. An item described in notes to its financial statements.

b. A liability that is recorded.

Explanation:

Huprey Co. will recognize and record contingent liabilities in its accounts when it can be reasonably established that the future event will occur and the amount of the liability can be reasonably estimated. The implication is that Huprey Co. must establish two things before a contingent liability is recognized and recorded. One is that the probability or the likelihood or the chance that the event will happen exists and can be estimated. With the probability estimate, it becomes possible for Huprey Co. to also estimate the amount that the happening of the event will cost it.

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3 years ago

________ consist(s) of employees representing various functions of the company, such as R&D, design, production, marketing,

zubka84 [21]

Answer:

Cross functional teams

Explanation:

Cross functional teams is the term which is defined as the groups which are made up of the people from the different functional areas within the company or firm such as the human resources, marketing, sales, customer service and distribution.

Under this teams are effective as each member could address the business decision from different view points.

Therefore, the cross functional teams are the one which compromise of the employees stating the various company functions.

7 0

3 years ago

Suppose that the following group of values has been entered into the TVM

Nezavi [6.7K]

The bal() function that is going to balance the loan after a period of 9 years would be A. bal(108)

<h3>How to solve for the bal() function</h3>

The question tells us that the loan balance would be calculated after the period of 9 years.

We have 12 months yearly in all of these 9 years.

Hence the function would be bal(12*9)

= bal(108)