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2 years ago

What term can be used to describe the situation where your fixed and variable expenses are higher than your net income.(1 point)

1 answer:

8 0

The term that describes the situation where fixed and variable expenses are higher than net income is D. dissaving.

Dissaving happens when an individual is spending from either previous savings or borrowing to fund current expenses.

Dissaving is commoner with retirees than those currently employed. But it can also happen to currently-employed persons, whose expenses are more than their incomes. They should find strategies to stop the negative saving. Otherwise, their debts may be overbearing in future.

Thus, dissaving means negative saving or spending more than income.

Learn more: brainly.com/question/13954775

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A change in quantity supplied of a product is the result of a change in

jekas [21]

Demand supply and market equilibrium will have many changes due to change in the quantity of a supplied product.

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3 years ago

Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginni

Fofino [41]

Answer:

Selling price for Job C $93,300

Selling price for Job M $78,204

Explanation:

The computation of the selling prices for Job C and for Job M is given below:

But before that following calculations need to be done

Departmental overhead rates:

Molding 6.50 (2.5 + (36000 ÷ 9000))

Customizing 6.70 (3 + (13320 ÷ 3600)

Particulars Job C Job M

Direct materials $16,700 $9,900

Direct labor cost $23,400 $10,300

Overhead applied:

Molding $17,550 $40,950

(2700 × 6.50) (6300 × 6.50)

Customizing $20,100 $4,020

(3000 × 6.70) (600 × 6.70)

Total manufacturing cost $77,750 $65,170

Add: Markup at 20% $15,550 $13,034

Selling price $93,300 $78,204

7 0

2 years ago

Last year a country’s real GDP grew by 4%, it’s inflation rate was 2.5%, and it’s government budget deficit was about $250 billi

Arturiano [62]

Answer:

d. 3.85 trillion

Explanation:

Step 1: Given data

GDP = GDP grew by = 4% = 0.04

R = inflation rate was = 2.5% = 0.025

D = government budget deficit was = $250 billion

Step 2: Formula

X = debt at the start of last year

X = D / (GDP + R)

Step 3: Computation

X = 250 billion / (0.04 + 0.025)

X = 250,000,000,000 / 0.065

X = 3,846,153,846,153.85

Step 4: Convert to trillion

X = 3,846,153,846,153.85 / 1,000,000,000,000

X = 3.85 trillion

The correct option is d. 3.85 trillion

Hope this helps!

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3 years ago

Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. The fund wa

Sergio [31]

Answer:

A credit to Cash of $299

Explanation:

Journal Entry Debit Credit

Merchandise inventory $62

Delivery charges $46

Office supplies $30

Miscellaneous expenses $51

Cash over and short $100

Cash $299

Cash to be reimbursed = Minimum cash balance required - Cash balance left

Cash to be reimbursed = $500 - $201

Cash to be reimbursed = $299

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3 years ago

Firms prefer FDI to licensing because FDI_____. a. increases the chances of opportunism when dealing with a host nation entity b

kati45 [8]

Answer:

D. provides the firm with direct ownership to its foreign assets

Explanation:

Firms prefer FDI to licensing because FDI provides the firm with direct ownership to its foreign assets

3 0

3 years ago