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2 years ago

General motors and chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because

1 answer:

ozzi2 years ago

6 0

<span>General motors and Chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because </span>their costs got out of control, causing their total costs to exceed their total revenues.

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Profit on sale of fixed assets is used to creat

Nadya [2.5K]

Answer:

profit and loss account

Explanation:

The turnover ratio of total working capital shows the success of working capital management. It is in fact a ratio that expresses how many times on average, during one year, working capital was used to pay the total expenses of the company.

A combination of data from the balance sheet and income statement is obtained, more specifically, it is the ratio of total business spread and average working capital of the company

4 0

2 years ago

Damian invests $5,000 today in an account earning 6% per year. How much is the investment worth in 4 years?

sp2606 [1]

Based on the fact that Damien invested $5,000 and left it in an account that earns 6% for 4 years, the investment worth would be b. $6,312.38.

<h3>What would be the value of the investment?</h3>

The value of the investment in 4 years is considered to be its future value when looking at it from the present.

Using the rate being earned, the investment amount, and the number of years the investment will be invested, the future value formula is:

Future value = Investment x ( 1 + rate)^ number of years

Solving gives:

= 5,000 x ( 1 + 0.06) ⁴

= 5,000 x 1.06⁴

= 5,000 x 1.26247696

= $6,312.3848

= $6,312.38

In conclusion, the value of Damien's investment after a period of four years at 6% per year comes to $6,312.38.

Find out more on future value at brainly.com/question/24703884

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7 0

1 year ago

4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in befor

Rufina [12.5K]

Answer:

Property tax is progressive

Sales Tax is regressive

A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.

Explanation:

3 0

2 years ago

Wizard Co. purchased two machines for $250,000 each on January 2, 2005. The machines were put into use immediately. Machine A ha

faltersainse [42]

Answer:

75,000

Explanation:

The straight-linedepreciation is calculate by dividing the acquisition value over the useful life

Machine A useful life is for 5 years

250,000 / 5 years = 50,000 per year

Machine B useful life is:

2 years in development project and then 8 years in a production division

total useful life for 10 years

250,000/ 10 years = 25,000

<u>Total development expense: </u>

machine A depreciation 50,000 + machine B depreciation 25,000 = 75,000

development expense 75,000

acc depreciation machine A 50,000

acc depreciation machine B 25,000

4 0

2 years ago

Which of the following statements are reasons why operations management is important?

mafiozo [28]

Answer: D. All of these are reasons why operations management is important.

Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.

Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.

7 0

2 years ago