What are the possible consequences of making a late payment?

Hello, please help me with this paper, I understand it's long and requires a lot of work, but all the help is appreciated! Thank

arsen [322]

Answer:

use prezi

Explanation:

8 0

2 years ago

Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for Januar

Zigmanuir [339]

Answer:

Total Contribution Margin= $50,388

Explanation:

Giving the following information:

Sales (3,400 units) $ 88,400

Variable expenses 43,316

We need to calculate the selling price and unitary variable cost:

Selling price= 88,400/3,400= $26

Unitary variable cost= 43,316/3,400= $12.74

Now, we can calculate the total contribution margin for 3,800 units.

Sales= 26*3,800= 98,800

Variable cost= 12.74*3,800= (48,412)

Contribution margin= 50,388

3 0

2 years ago

On September 1, 2018, Able Company purchased a building from Regal Corporation by paying $580,000 cash and issuing a one-year no

Nataly_w [17]

Answer:

1. Able must pay Regal Corporation $599,400 on September 1, 2019, when the note matures.

2. The amount of Interest Able will recognize on this Notes Payable is 39,600

3. The total cash (including interest) paid for the building purchased by Able is $1,179,400

4. Payroll related expense does not come into picture in this question. So it is not answered.

Explanation:

1. According to the given data we have the following:

Rate of Interest = 11%

Therefore:

Year Amount Interest

September 1, 2018 $540,000

December 31, 2018 $19,800

September 1, 2019 $39,600

Total $540,000 $59,400

Therefore, Total Payable=Notes payable+Interest 540000 Total Payable= $540,000+$59,400

Total Payable=$599,400

Able must pay Regal Corporation $599,400 on September 1, 2019, when the note matures.

2. The amount of Interest Able will recognize on this Notes Payable is 39,600

3. To calculate The total cash paid for building purchased by Able including interest we have to make the following calculation:

Total cash paid for purchase of building=Cash paid at the time of purchase of building+Notes payable+Interest

Total cash paid for purchase of building=$580,000+$540,000+$59,400

Total cash paid for purchase of building=$1,179,400

The total cash (including interest) paid for the building purchased by Able is $1,179,400

4. Payroll related expense does not come into picture in this question. So it is not answered.

6 0

2 years ago

actionow and becca enter into an oral contract in which becca agrees to work on a project for actionow’s living opportunities ce

JulsSmile [24]

Based on the fact that ActioNOW and Becca entered into an oral contract where Becca agrees to work on a project for ActioNOW for eighteen months, the enforcers of this contract are d. none of the choices.

<h3>Who can enforce this contract?</h3>

This transaction between Becca and ActioNOW was an oral contract which means that it falls under the Statute of Frauds. However, for an oral contract to be enforceable under this Statute, the goods or services exchanged have to be less then $500 in value.

The services or goods also have to be less than 1 year in duration. Because Becca and ActioNow agreed for a contract of 18 months which is more than a year, this contract is not enforceable under the Statute of Frauds and so the government cannot enforce this contract.

Options include:

a. ActioNOW.
b. Becca.
c. any third party, such as ActioNOW’s clients.
d. none of the choices

Find out more on the Statute of Frauds at brainly.com/question/14854791

#SPJ1

8 0

1 year ago

ABC, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $1,500 and

spin [16.1K]

Answer: Option (d) is correct.

Explanation:

Amount paid for candy = $1,500

Items received = 8,500 pieces of candy

Group 1 = 2,500 pieces

Selling price = $0.15 each

sale value = pieces sold × Selling price

= 2,500 × $0.15 each

= $375

Group 2 = 5,500 pieces

Selling price = $0.36 each

sale value = pieces sold × Selling price

= 5,500 × $0.36 each

= $1,980

Group 3 = 500 pieces

Selling price = $0.72 each

sale value = pieces sold × Selling price

= 500 × $0.72 each

= $360

Total sale value = $375 + $1,980 + $360

= $2,715

$Percentage\ of\ sale\ in\ Group\ 2=\frac{Sale\ value}{Total\ sale\ value}\times 100$

$Percentage\ of\ sale\ in\ Group\ 2=\frac{1,980}{2,715}\times 100$

= 72.92%

Proportion of cost for Group 2 = cost × Percentage of sale in Group 2

= $1,500 × 72.92%

= $1,093.8

$cost\ per\ unit= \frac{cost}{total\ units}$

$cost\ per\ unit= \frac{1,093.8}{5,500}$

= $0.1988

= $0.20(approx)

4 0

3 years ago