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3 years ago

If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?

Business

1 answer:

mr Goodwill [35]3 years ago

8 0

Answer:

By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.

Explanation:

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Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.

Slav-nsk [51]

Answer:

CHEESE FACTORY INCORPORATED

Income Statement

For the Year Ended August 31, 2015

Revenues:

Sales revenue $1,738,000

Total revenue $1,738,000

Expenses

Salaries and wages expense $975,000

Office expenses $115,000

Utilities expense $550,000

Total expenses $1,640,000

Net income $98,000

CHEESE FACTORY INCORPORATED

Statement of Retained Earnings

For the Year Ended August 31, 2015

Retained earnings, beginning $414,000

Add: Net income $98,000

Less: Dividends $14,000

Retained earnings, ending $498,000

6 0

2 years ago

Warner Company has $196,000 of total fixed costs and sells products A and B with a product mix of 40% A and 60% B. Selling price

levacccp [35]

The break-even point of Warner Company is 3,500 units.

Here, we are going to calculate the break-even point of Warner Company.

Product Product Mix Contribution margin Weighted Average unit

[1] per unit[2} contribution margin[1*2]

A 40% $8 $3.2

B 60% $4 $2.4

Total $5,6

Formula for Break Even point is Fixed cost / Weighted average unit contribution margin

Break-even point = $196,000 / $5,6

Break-even point = 3,500 units

Therefore, the break-even point of Warner Company is 3,500 units.

See similar solution here

brainly.com/question/15308013

3 0

2 years ago

Sheen Co. manufacturers laser printers. It has outlined the following overhead cost drivers: Overhead Costs Pool Cost Driver Ove

mylen [45]

Answer:

$200

Explanation:

As for the information provided,

Quality control rate = $\frac{72,000}{1,200} =\ $60 per hour$

Machine operation = $\frac{150,000}{1,500} =\ $100 per hour$

Material Handling = $\frac{1,200}{30} =\ $40\ per batch$

Miscellaneous Overhead = $ $\frac{57,000}{5,700} =\ $10 per hour$

The order of 1,000 laser printers

Require:

Quality control cost = $60 $\times$ 265 = $15,900

Machine operation = $100 $\times$ 225 = $22,500

Material Handling = $40 $\times$ 5 = $200

Miscellaneous Overheads = $10 $\times$ 740 = $7,400

Therefore, correct option is:

$200

0 0

3 years ago

The specific identification method (select all that apply): matches each unit of inventory with its actual cost is not an accept

liberstina [14]

Answer:

<h2>The specific identification method</h2>

a) matches each unit of inventory with its actual cost

d) would be beneficial to a company that makes fine jewelry

Explanation:

The specific identification inventory valuation method is one of the inventory valuation method allowed by U.S. GAAP. The other allowed methods are weighted average; and first in, first out (FIFO). The specific identification method identifies every item kept in inventory and its price and tracks it from purchase to resale. Some types of businesses that use the specific identification method are jewelry companies and stores, car dealerships, art galleries, and furniture stores, who can easily identify each item and track the cost and price respectively.

4 0

3 years ago

When a firm is given monopoly power, it loses its freedom of contract, and a governmental body is given the power to determine t

Pani-rosa [81]

Answer:

The government agency is providing basic and/or essential services that further deepen the interests of members of the public

Explanation:

The assertion that a firm with a monopoly power loses it freedom of contract is very true. Monopolies by its realities come with features that ultimately cater for the interests of the firm, instead of the consumers. One of these is charging an astronomical high price on a particular item of commodity, and not taking cognizance of the purchasing power of the public. A firm could to this, and ultimately get away because its the only delivering such services - the one with the enormous monopoly power. Here, there is no stiff competition among goods that may offer liberty of choices to ordinary consumers.

To mitigate these numerous power of monopolies, governmental body has been giving the power to regulate and maintain an oversight functions. They now determine the provisions of contracts. The main objective of government agency, thus, is to ensure a firm with a monopoly power considers the basic and essential interests of the members of the public - the end users. Here, members of the public are insulated from unnecesary exploitation by the monopolies.

7 0

3 years ago