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sleet_krkn [62]
2 years ago
13

Can an individual's financial situation change his or her views of what is

Business
1 answer:
lesantik [10]2 years ago
7 0
Yes. Once someone is in a difficult financial situation, they may have to give up some wants and desires in place of things they need. If money is tight, they should rather use what money they have to pay pills and buy food, and not purchase items they want like toys or videogames. When faced with a bad financial situation, an individual is forced to separate what they believe is a want and a need, and choose between the two.
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Select the three soft skills. A. self-awarness B. using a computer C. persistence D. stress management E. holding a meeting
AlekseyPX

The answer would be, D, stress management

6 0
3 years ago
Read 2 more answers
You currently purchase a part used in your production process from an outside supplier, and have decided to begin making this pa
KIM [24]

Answer:

At an annual requirement of 40,000 units, selecting the low-cost option will save the company per year:

b) $50,000

Explanation:

a) Data and Calculations:

ALTERNATIVE                           FIXED COST            VARIABLE COST

Special-Purpose Equipment     $200,000 per year      $15 per unit

General-Purpose Equipment     $50,000 per year     $20 per unit

Total Cost of Production for 40,000 units under the two alternatives:

ALTERNATIVE       FIXED COST    VARIABLE COST         TOTAL  COSTS

Special-Purpose   $200,000      $600,000 ($15*40,000)    $800,000

General-Purpose     $50,000    $800,000 ($20*40,000)   $850,000

b) The difference between the two alternatives in total costs is $50,000 ($850,000 - $800,000) with the low-cost alternative as the Special-Purpose Equipment.

7 0
3 years ago
Keesha Co. borrows $200,000 cash on November 1, 2018, by signing a 90-day, 9% note with a face value of $200,000. 1. On what dat
aliya0001 [1]

Answer:

Explanation:

1. The maturing date of note will be 30 January 2019

( 29 days in November + 31 Days in December and 30 Days in January)

2. The interest expense would  be

On 2018:

= Principal × rate of interest × number of days ÷ (total number of  days in a year)

= $200,000 × 9% × (60 days ÷ 360 days)

= $3,000

( 29 days in November + 31 Days in December)

3. On 2019:

= Principal × rate of interest × number of days ÷ (total number of  days in a year)

= $200,000 × 9% × (30 days ÷ 360 days)

= $1,500

(30 Days in January)

We assume 360 days in a year.

4. (A) Cash A/c Dr  $200,000

              To Notes payable A/c   $200,000

(Being note is issued for cash)

(B) Interest expense A/c Dr $3,000

        To Interest payable A/c  $3,000

(Being accrued interest adjusted)

(C) Interest expense A/c Dr           $1,500

    Interest payable A/c Dr            $3,000

    Notes payable A/c Dr               $200,000

            To Cash A/c                                              $204,500\

(Being cash is paid on maturity)

6 0
3 years ago
What is another name for fiat money?
marta [7]
B. legal tender$$$$$$$$$
6 0
3 years ago
On December 1, 2021, Davenport Company sold merchandise to a customer for $20,000. In payment for the merchandise, the customer
Arada [10]

Answer:interest revenue the  company recognize during 2021 is $100

Explanation:

 Interest for  2021 = Principal x Rate x Time

= $20,000 X 6% x 1/ 12 ( From 1st t0 31st December is 1 Month)

=$100

Journal to record accrued interest by  Davenport Company

Date                          Accounts Titles                          Debit         Credit

Dec 31st, 2021               Interest Receivable               $100

                                   Interest Revenue                                         $100

Therefore, the interest revenue the company will  recognize during 2021 is $100.

6 0
3 years ago
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