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3 years ago

How do your finance choices impact the economy? Trace the impact of your financial decision.

1 answer:

8 0

Everyone has a place in the econonmy,upperclass,lowerclass and middle class. if the upperclass were too high our country would likely turn back to the hiarchy system

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You have been pricing an MP3 player in several stores. Three stores have the identical price of $300. Each store charges 24 perc

Valentin [98]

Answer:

a. $5

b. $4

c. $6

Explanation:

a. store A?

Beginning balance = $300

Ending balance = $300 - $100 = $200

Average balance = ($300 + $200) ÷ 2 = $250

Monthly APR = 24% ÷ 12 = 2%

June finance charge = Average balance × Monthly APR = $250 × 2% = $5

b. store B

June finance charge = (Beginning balance - Payments) × Monthly APR = ($300 - $100) × 2% = $4

c. store C?

June finance charge = Beginning balance × Monthly APR = $300 × 2% = $6

8 0

3 years ago

Many levels of energy does an atom have?

storchak [24]

Answer:

technically, atoms have an infinite amount of levels of energy, but there are most likely 7 most known levels of atoms. All levels may contain electrons.

Explanation:

8 0

3 years ago

Copper and nickel electroless plating processes are under consideration for printed circuit boards. The copper process has fixed

aleksley [76]

Answer:

see explanation

Explanation:

The question has missing sales price information, however explanations are provided below

Break even point is the level at which a company makes neither a profit nor a loss.

Break even point (units) = Fixed Costs ÷ Contribution per unit

Step 1 :

Find Contribution per unit of each process and add the unit contributions to find the total unit contribution

Contribution = Sales - Variable Costs

Step 2

Find the Total Fixed Costs for both the copper process and nickel process.

Step 3

Determine the sales mix for copper process and nickel process

Step 4

Calculate the Break even units for the 2 processes combined. After that multiply the respective mixes to the break even point

7 0

3 years ago

All of the following are weaknesses of the payback method except:_______.

melomori [17]

Answer:

Correct Answer:

d. none of the above

Explanation:

Payback method is a simple accounting method used to projects incoming cash flows from a given project and identifies the break even point between profit and paying back invested money for a given process.

7 0

3 years ago

Pina Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 19,900 golf discs i

Ivahew [28]

Answer:

a) Net income using incremental analysis is  $692

b) PINA should accept the order because it will increase its net income by $692

Explanation:

The relevant cash flows for decision to accept or reject the special order are

I. the incremental contribution from of producing 5,350 units

2. The incremental fixed cost- 45,374

Note that whether or not the special order is accepted the fixed cost of manufacturing would be incurred either way.

Contribution per unit =Selling price - Variable cost

Variable production cost per unit = total variable cost / units

= (10,945 + 29651 + 21094)/19,900

=$3.1

Variable cost per unit of sale = $3.1 + $0.35 = $3.45

a) Incremental Analysis

Change in Net Income: $

Incremental contribution :

( 4.77 - 3.45) × 5,350 = 7,062

Increase in Fixed cost :

(45,374 - 39,004) ( 6370)

Net income 692

b)  PINA should accept the order because it will increase its net income by $692

6 0

3 years ago