_____ or short saying of wisdom or truth were used to teach lessons to the people

Sally’s Dress Shop, Inc. reports operating income of $200,000 and interest expense of $18,000. The average common stockholders’

Sphinxa [80]

Answer:

5

Explanation:

Given that,

Beginning assets = $80,000

Ending asset = $120,000

Operating income = $200,000

Interest expense = $18,000

Average common stockholders’ equity = $20,000

Average total assets:

= (Beginning assets + ending asset) ÷ 2

= ($80,000 + $120,000) ÷ 2

= $100,000

Leverage ratio:

= Average total assets ÷ Average common stockholders' equity

= $100,000 ÷ $20,000

= 5

7 0

4 years ago

Munoz Air is a large airline company that pays a customer relations representative $15,975 per month. The representative, who pr

Anvisha [2.4K]

Answer:

January cost allocated 9,900

February cost allocated 11,790

Explanation:

We will allocate the representative cost over the expected customer complaints during 2018:

$ 15,975 per month x 12 months / 21,300 complaints per year = $9 per complain solved

January processing customer complaints expense:

1,100 customers x $9 = $ 9,900

February processing customer complaints expense:

1,310 customers x $9 = $ 11,790

3 0

4 years ago

If Alejandro wants to pay off his student loan by basing it on how much he is earning at his job after graduation, what type of

luda_lava [24]

Answer:

Income-driven repayment plan.

Explanation:

Federal student loans can be defined as a form of financial aid given to college or university students with varying financial means, so as to enable them gain access to higher education.

In the United States of America, the U.S Department of Education is saddled with the responsibility of administering the federal student loans.

Basically, there are four (4) types of federal student loans and these include;

1. Direct unsubsidized loans.

2. Direct subsidized loans.

3. Direct consolidation loans.

4. Direct PLUS loans.

Once a federal student loan has been selected, students are required to choose a repayment plan for the loan taken. There are four (4) main types of repayment plan and these are;

a. Standard repayment plan.

b. Extended repayment plan.

c. Graduated repayment plan.

d. Income-driven repayment plan.

An income-driven repayment plan can be defined as a federal student loan repayment plan that is designed to regulate or adjust the amount of money to be paid in each month based on one's current earnings and family size. This payment plan is designed typically for college graduates and as such it's intended to be affordable based on the discretionary income of the borrower and family size.

In this scenario, Alejandro wishes to pay off his student loan based on how much he earns at his job after graduation. Thus, the type of repayment plan which is best for him is an income-driven or income-based repayment plan.

5 0

3 years ago

The balance of trade for a nation is the balance that nation has between _________ and _______.

Levart [38]

Imports and Exports .

3 0

3 years ago

In an industry with inverse demand curve pequals420minus2Q, there are five firms, each of which has a constant marginal cost g

Damm [24]

Answer: 20 units.

Explanation:

Given that,

Inverse demand curve: P = 420 - 2Q

There are five firms and each of the firm has a constant marginal cost.

Marginal cost (MC) = 20

Profit maximizing output is produced by the firms is at a point where the marginal cost is equal to marginal revenue.

P = 420 - 2Q

Total revenue(TR) = PQ

= 420Q - 2 $Q^{2}$

Differentiating TR with respect to 'Q'

Marginal revenue(MR) = 420 - 4Q

MR = MC

420 - 4Q = 20

Q = $\frac{400}{4}$

Q = 100

Therefore, output produced by the industry is 100 units.

Per-firm production = $\frac{Total\ Production}{Number\ of\ firms}$

= $\frac{100}{5}$

= 20 units

Hence, each firm produces 20 units.

3 0

3 years ago