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sp2606 [1]
3 years ago
15

Olivia Lamb wants to determine the average amount she spends on clothing each month. In June she spent $435.67. In July she spen

t $56.78. In August she spent $99.78. What is the average monthly amount she spent?
Business
1 answer:
aniked [119]3 years ago
6 0

Answer:

the average monthly amount spent is $197.41

Explanation:

The computation of the average monthly amount spent is shown below;

= Total amount ÷ number of months

= ($435.67 + $56.78 + $99.78) ÷ (3 months)

= $197.41

Hence, the average monthly amount spent is $197.41

We simply applied the above formula so that the correct value could come

And, the same is to be considered  also it is relevant

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Meyer Inc's total invested capital is $610,000, and its total debt outstanding is $185,000. The new CFO wants to establish a tot
valentinak56 [21]

Answer:

b. $150,500  

Explanation:

debit/capital = $185000/$610000

                     = 30%

target debt is 55%

debt/capital = 0.55

let the new debt be Y

Y/$610,000 = 0.55

Y = $335,500

excess debt need by company = $335500 - $185000

                                                    = $150500

Therefore, The debt that the company must add to achieve the target debt to capital ratio is $150500.

5 0
4 years ago
Why is the truth lending act good for credit consumers
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<h2>♨ANSWER♥</h2>

The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans

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3 0
2 years ago
Read 2 more answers
The total cost to decorate your clients bedroom is over her budget. On which of these items should you make the final cost cuts?
djverab [1.8K]
It would be the lamps

3 0
3 years ago
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g Duve Corporation has provided the following contribution format income statement. Assume that the following information is wit
drek231 [11]

Answer:

Net operating income= 10,400

Explanation:

Giving the following information:

Sales (2,000 units) $40,000

Variable expenses 24,000

Contribution margin 16,000

Fixed expenses 11,200

Net operating income $4,800

If the selling price increases by $4 per unit and the sales volume decreased by 200 units:

First, we need to determine the unitary selling price and unitary variable cost:

Selling price= 40,000/2,000= $20 + $4= $24

UNitary variable cost= 24,000/2,000= $12

Now, we can calculate the new net operating income:

Sales= 1,800*24= 43,200

Variable cost= 1,800*12= (21,600)

Contribution margin= 21,600

Fixed costs= (11,200)

Net operating income= 10,400

6 0
4 years ago
Vertically integrated firms can use transfer pricing Question 5 options: A) to avoid government price controls. B) to shift prof
max2010maxim [7]

Answer:

The best answer is "B"

To shift profit

Explanation:

Vertically integrated firms are firms that control more than one means through which it converts raw materials to finished products and get it to the consumer.

Transfer pricing is used to value the exchange of an asset or service two products of a vertically integrated firm. It is essentially use to shift profit.

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3 years ago
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