Answer:
B
Explanation:
It is said that the required ending inventory for the month is $15000 and 20% of the next month's sales.
We are considering the month of march here, therefore the ending merchandise inventory is $15000- and 20% of April's sales.
Given:
April's sales = $91,000
Hence, 20% of April's sales = 0.2*91000 = $18200
Hence, ending merchandise inventory for March = 15000 + 18200 = $33,200
Answer:
Prime costs= $212,500
Explanation:
Prime costs are the direct materials used and direct labor.
Prime costs= direct material + direct labor
Giving the following information:
Direct material:
Fabric used to upholster furniture10,500
Freightminus−in 3,800
Lumber used to build product 82,500
Total direct materials= $96800
Direct labor:
Wages paid to assembly−line workers 115,700
Prime costs= 96800 + 115700= $212,500
<span>Big business is concerned with profit, and thereby decreasing costs including worker salaries and wages. The economy transformed because it is hard for small business to compete and with large entities that leverage scale. Working people lose bargaining power and job security.</span>
Answer:
This was an executory contract because neither party has fulfilled their contract obligations (consideration). In other words, the contract has not been fulfilled yet, and both parties are still responsible for performing their contract obligations.
Even after Jackson mistakenly painted the neighbor's deck, the contract remains as executory since neither party has performed their obligations.
This is a bad financial move for several reasons:
- He doesn't have the money to pay back the loan now, and will not magically get more money later (even if he gets paid soon he already has more rent and other expenses to pay)
- If it is a high-interest loan and he makes the minimum payment each month, the interest will continue to grow and it will get harder and harder to pay off
- A TV that you owe money on is a liability not an asset. Borrowing money to get a car that you use to drive to work and earn money is one thing, but borrowing money to but a TV that will never earn you money is not a wise decision.
