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3 years ago

8) How can using a credit card affect your credit score in a good way? In a bad way?

Business

1 answer:

gregori [183]3 years ago

5 0

Answer:

Explanation:

Good way: using your credit card and paying off the balance each month and on time can increase your credit score. Also, having a large credit limit affects the credit positively

Bad way: paying your balances late or not at all is bad for your credit.

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The marketing process includes decisions about the best way to get the product to the consumer.

DENIUS [597]

Answer:

True

Explanation:

In the marketing mix, the process of moving products from the producer to the intended user is called place. In other words, it is how your product is bought and where it is bought. This movement could be through a combination of intermediaries such as distributors, wholesalers and retailers.

5 0

4 years ago

Read 2 more answers

Managers make assumptions in CVP analysis. These assumptions include: (Check all that apply.) Multiple select question. some uni

BigorU [14]

The assumptions that are made in CVP analysis includes the following:

costs can be classified as variable or fixed.
costs are linear within the relevant range.
constant fixed cost per unit.

<h3>What is CVP analysis?</h3>

Cost Volume Profit analysis is the type of analysis that has to do with the cost accounting. This type of analysis is one that takes the impact of the various costs and volume on profit.

It helps to check how the changes that occur in the variable and the fixed cost affect profit.

Read more on CVP analysis here:

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4 0

2 years ago

Howard Enterprises, which has three departments, recently reported the following results: A B C Sales revenue $ 12,000 $ 48,000

almond37 [142]

Answer:

<em>Department C should be closed</em>

Explanation:

To determine whether or not it will be profitable to drop a loss making department, we compare the savings in fixed cost to the lost contribution from the division.

For Howard Enterprises, the department with a negative contribution should be closed otherwise its operation would reduce the overall profit by the amount of the negative contribution.

So lets work out the contribution for each department by adding back the apportioned fixed cost. See table below

A B C

$ $ $ Total

Sales Revenue 12,000 48,000 40,000 100,000

Operating cost 11,400 59,800 50,500

Operating income 600 (11,800) (10,500)

*Add back apportioned fixed cost<u> 3,000 12,000 10,000</u>

Contribution 3,600 200 (500)

*Apportioned fixed cost

A- 12,000/100,000× 25,000 = 3,000

B- 48,000/100000 × 25,000 = 12,000

C- 40,000/100,00×25,000 = 10,000

From the above analysis, Department C generates a negative contribution.<em> It implies that it can barely cover its direct cost and so will deplete the total profit by its negative contribution. Hence, it should be closed</em>

<em>Department C should be closed</em>

7 0

3 years ago

The price of diamonds is high, in part because the majority of the world’s diamonds are controlled by a single firm. This is an

kirill115 [55]

Answer:

Option (b) is correct.

Explanation:

This is a case of monopoly market condition where there is a single firm operating the whole market. The price of the products is set by the single firm and the buyers in this market are price taker. The monopolist can earn normal profit, losses and abnormal profit in the short run and can earn normal profit and abnormal profit in the long run.

In our case, the price of diamonds is high because there is only single firm in the whole market and there is no other competitors in the market. That's why they are charging the higher prices.

5 0

3 years ago

Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $9.10. D

Marrrta [24]

The price variance for Ruby company is at an unfavorable position that is $19,415, the quantity variance stands at $6,370 (favorable condition) and the cost variance has unfavorable balance that is equal to $13,045.

<h3>What is a variance?</h3>

A variance in accounting is the distinction between a forecasted quantity and the real quantity. Variances are common in budgeting, however, you may have a variance in something which you forecast.

As per the information, we have to calculate:

a) Price variance: (Standard Price - Actual price) * Actual Quantity

Price variance: ($9.10 - $9.65) * 35,300

Price variance: $0.55 * 35,300

Price variance: $19,415 Unfavorable.

b) Quantity variance = (Standard Quantity - Actual Quantity) * Standard Price

Quantity variance = (7,200 * 5 - 35,300) * $9.10

Quantity variance = (36,000 - 35,300) * $9.10

Quantity variance = $6,370 Favorable.

C) Cost variance = $19,415 Unfavorable + $6,370 Favorable

Cost variance = $13,045 U

Hence, The price variance for Ruby company is at an unfavorable position that is $19,415, the quantity variance stands at $6,370 (favorable condition) and the cost variance has an unfavorable balance that is equal to $13,045.

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5 0

2 years ago