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Vesna [10]
3 years ago
6

What is guaranteed by an implied warranty for all products?

Business
1 answer:
Ratling [72]3 years ago
8 0
A. that the product will work as described for a reasonable amount of time
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Fran Smith has two investment opportunities. The interest rate for both investments is 20%. Interest on the first investment wil
RoseWind [281]

Answer:

Fran should choose that which compounds quarterly

Explanation:

In Compound Interest investment, the interest at the end of the compounding period is added to form a new base capital.

If this is done every 3 months, the principal at the beginning of each quarter increases while in annual compounding, the interest is added at the end of the year.

Generally, for investment, the more frequent is it compounded the better. On the other hand, less frequent compounding is preferred for borrowers.

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3 years ago
East Publishing Company is doing an analysis of a proposed new finance text. Using the following data, answer Parts a through e.
Alik [6]

Answer:

a. Determine the company’s breakeven volume for this book. •i. In units ii. In dollar sales

total fixed costs = $70,000

variable costs per unit = $16

sales price = $30

contribution margin = $30 - $16 = $14

break even point in units = $70,000 / $14 = 5,000 textbooks

break even point in $ = 5,000 x $30 = $150,000

b. Develop a breakeven chart for the text.

units fixed costs variable costs      total costs     total sales

0         70000                     0                  70000           0

1000 70000          16000          86000      30000

2000 70000         32000         102000      60000

3000 70000         48000          118000      90000

4000 70000         64000         134000     120000

<u>5000 70000         80000         150000       150000 </u>

6000 70000         96000       166000     180000

 

I attached the graph that corresponds to this break even chart.

             

c. Determine the number of copies East must sell in order to earn an (operating) profit of $21,000 on this text.

($70,000 + $21,000) / $14 = 6,500 units

total sales = 6,500 x 30 = $195,000

d. Determine total (operating) profits at the following sales levels: i. 3,000 units •ii. 5,000 units iii. 10,000 units

i. $28,000 loss

ii. no gain/loss, break even point

iii. $70,000 gain

       

e. Suppose East feels that $30.00 is too high a price to charge for the new finance text. It has examined the competitive market and determined that $24.00 would be a better selling price. What would the break even volume be at this new selling price?

new contribution margin = $24 - $16 = $8

new break even point in units = $70,000 / $8 = 8,750 textbooks

3 0
3 years ago
TRANSACTIONSGave a cash refund of $750 to a customer because of a lost package.Sent a check for $1,050 to the utility company to
victus00 [196]

Answer:

Journal entries

Service Revenue                               Debit         $ 750

Cash                                                   Credit                          $ 750

To record refund to customer for lost package

Utility Expenses                                 Debit          $ 1,050

Cash                                                    Credit                          $ 1,050

To record payment of utility company bill in cash

Accounts Receivable                         Debit         $ 7,800

Service Revenue                                Credit                          $ 7,800

To record receivables for services provided on credit

Equipment                                          Debit          $ 4,600

Cash                                                    Credit                            $ 4,600

To record purchase of equipment for cash

Accounts payable                               Debit          $ 3.500

Cash                                                     Credit                          $ 3,500

To record payment to creditors

Cash                                                     Debit         $ 15,250    

Service revenue                                  Credit                          $ 15,250

To record services provided on cash

Cash                                                      Debit        $ 6,250

Accounts receivables                           Credit                         $ 6,250

To record collections from customers

Cash                                                      Debit        $ 25,000

Capita account Owner                        Credit                           $ 25,000

To record capital contribution from owner

Supplies                                                Debit        $  3,250    

Accounts payable                                 Credit                          $ 3,250

To record purchase of supplies on credit

Rent expense                                        Debit      $ 3,750

Cash                                                       Credit                          $ 3,750

To record payment of monthly rent

Explanation:

8 0
3 years ago
Janet has an outstanding balance on four different credit cards. Which method of paying off her credit card debt will be the eas
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I think the easiest way to track payment of card debts while still saving money is PAYING THE MINIMUM BALANCE EACH MONTH.

The fastest way to pay off card debts is to pay the minimum balance of each card and snowballing payment according to the lowest balance. Do this until you pay off the highest amount of your credit card debts.
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3 years ago
Creating a __________ may be one of the most difficult tasks that will fall to the disaster recovery teamleader.A.need for the p
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Answer: it's C

Explanation:

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