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Aleonysh [2.5K]

3 years ago

13

Homer wants to borrow money from the springfield bank to buy a trampoline. The bank requires collateral for loan what is collate

ral ?

1 answer:

Minchanka [31]3 years ago

5 0

Answer:

Collateral is a downpayment for the loan

Explanation:

Collateral is basically saying I'll give you what I have right now for this and when I get on my feet ill be able to pay you back then

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The repayment of a note payable is classified in the statement of cash flows as a(n): _______

kobusy [5.1K]

The repayment of a note payable is classified in the statement of cash flows as a financing activity.

The financing activity in the cash flow statement focuses on how a firm raises capital and pays it back to investors through capital markets. The largest line items in the cash flow from financing activities statement are dividends paid, repurchase of common stock, and proceeds from the issuance of debt.

The cash flow from financing activities helps investors see how often and how much a company raises capital and the source of that capital.

To know more about financing activities here:

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8 0

2 years ago

determine if the data is biased or not, every fortieth student who enters the school is asked to name their favorite sport

WARRIOR [948]

i believe unbiased because the person is just asking for the sport, not determining whether or not it is the best.

5 0

4 years ago

Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product

Umnica [9.8K]

Answer:

Some answers are attached below

Explanation:

We need to maximize profit -

Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.

Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.

Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $

Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $

Profit for 1 unit of C = Selling Price - Cost = 97.5 - [(7*5)+(5*0)+(15*3.5)] = 10 $

LP Formulation

Maximize profit Z = 10A+10B+10C

subject to Constraints

3A+B+5C<=300 ----> Material 1 constraint

2A+4B<=400 ---->Material 2 constraint

4A+2B+3.5C <=200 ----->Labor

C>=10 -----> Product C Demand constraint

A,B,C>=0

Below is the solver solution and formulation table from Excel -

Maximum profit = 925 $

8 0

3 years ago

1. __________ is the act of declaring a drivers license void and terminated when it is determined that the license was issued th

katrin2010 [14]

The answer to the blank space is cancellation.

In the United States, when your driver’s license status is deemed invalid it can be due to several reasons, which are generally categorized into four: <em>suspension, revocation, cancellation, and denial</em>.

A suspended license means that your license is temporarily out of service, perhaps due to receiving too many traffic tickets or driving under the influence (first time). A revoked license means that your license is cannot be reinstated, which can be due to a serious traffic offense or failing a DMV road test. A denied license means that your application for a driving license in denied due to some reasons.

5 0

3 years ago

Steinberg Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in bl

GenaCL600 [577]

Answer:

1. Regular models 24,000

Deluxe models 3,556

2.17.4354%

Explanation:

1. Computation for the number of regular models and deluxe models that must be sold to break even

REGULAR MODEL:

First step is to calculate the Contribution per unit using this formula

Contribution per unit=Contribution/No.ofunits

Let plug in the formula

Contribution per unit=$4,500,000/90

Contribution per unit=50

Now let calculate the Break even units using this formula

Break even units=Direct fixed costs/Contribution per unit

Let plug in the formula

Break even units=$1,200,000/50

Break even units=24,000

DELUXE MODEL:

First step is to calculate the Contribution per unit using this formula

Contribution per unit=Contribution/No.ofunits

Let plug in the formula

Contribution per unit=$4,860,000/18,000

Contribution per unit=270

Now let calculate the Break even units using this formula

Break even units=Direct fixed costs/Contribution per unit

Let plug in the formula

Break even units=960,000/270

Break even units=3,556

Therefore the number of regular models and deluxe models that must be sold to break even are:

Regular models 24,000

Deluxe models 3,556

2. Computation for the sales revenue that must be generated for the company to break even

First step is to calculate the Break-even sales -

Break-even sales = 16,290,000 + 2,160,000 + 1,280,000

Break-even sales = 19,730,000

Second step is to calculate the Contribution Using this formula

Contribution = Break-even sales - Variable costs

Let plug in the formula

Contribution = 19,730,000 - 16,290,000

Contribution = $3,440,000

Now let calculate the Contribution margin ratio using this formula

Contribution margin ratio=Contribution/Break even sales *100

Contribution margin ratio=$3,440,000/$19,730,000*100

Contribution margin ratio=17.4354%

Therefore the Contribution margin ratio is 17.4354%

7 0

3 years ago