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2 years ago

The first step in pursuing your financial goals is_______. PLEASE HELP

Business

2 answers:

Delvig [45]2 years ago

5 0

Your first step is to create a saving plans and to set your smart goals

Zigmanuir [339]2 years ago

4 0

Answer:

The first step towards realizing your financial goals is creating a realistic budget. A budget is simply a spending plan that is based on your expenses and income. A written plan helps you stay on track, day to day and month to month, for meeting your financial goals. For most students, debt is a part of life.

Explanation:

Hope this helps!

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EA10.

antoniya [11.8K]

Answer:

The question is incomplete; the complete question is given below.

Selling Price per unit Variable cost per unit

Product $ $

Snowboards 20.00 170.00

Skis 400.00 225.00

Poles 50.00 20.00

Salvador's contribution margin is 46.2%

Explanation:

Contribution is the amount generated from the sales of a product to cover part of the total fixed cost.

Contribution is an important concept in decision making because it helps to determine the profitability of individual products where a set of products benefit from the same fixed cost. it helps in prioritizing the allocation of resources to different products based on their profitability .

Contribution per unit = Selling price per unit- variable cost per unit

Total contribution= Contribution per unit * units sold

Contribution margin ration: The proportion of sales realised as contribution is known as contribution margin ratio (CMR) . It represents the amount generated as contribution from every one dollar worth of sales. A 60% margin means that $60 is made as contribution from evry sales of $100, for example.

It is a calculated as follows:

Single-product scenario:

C.M.R= contribution per unit/ selling price per unit

Multiple-products scenario:

C.M.R= contribution from a mix / revenue from a mix

We shall use the multiple-products formula

Snowboard ski Poles Total

$ $ $

Selling price 320 400 50

variable cost (170) (225) (20)

Contribution per unit (SP-VC) 150 175 30

Cont from a mix (cont× unit) 1050 525 60

Revenue from a mix (SP× unit) 2240 1200 100

Contribution margin ratio= Cont. from a mix/ Rev from a mix

= (1050+525+60)/(2240+1200+100)

=(1635 / 3540) × 100

= 46.2 %

8 0

2 years ago

Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a

maw [93]

Answer:

$36,648

Explanation:

age balance % uncollectible total

Not past due $890,000 3/4% $ 6,675

1-30 days past due $97,900 2% $ 1,958

31-60 days past due $44,500 6% $2,670

61-90 days past due $32,000 16% $ 5,120

91-180 days past due $23,100 40% $ 9,240

Over 180 days past due $16,900 65% $10,985

Total $1,104,400 $36,648

journal entry should be:

December 31, 202x, bad debt expense

Dr Bad debt expense 36,648

Cr Allowance for doubtful accounts 36,648

8 0

3 years ago

A change in the amount of sales can be due to either a change in the units sold or a change in price or both.

olga55 [171]

Answer:

true

Explanation:

The amount of sales variables (units sold and price) are correlated then a change in 1 will always alter the other.

5 0

3 years ago

Getting merchandise floor-ready entailsA. distributing and dispatching.B. ticketing and marking.C. vertical supply chain wholesa

Katarina [22]

Answer:

B. ticketing and marking

Explanation:

Floor ready is the term used to refer to the merchandise which is ready to sale and that the merchandise is detailed with every description required.

That means it is ready with the size, quality, and quantity that is required to be marked.

Along with that it is even priced more properly and is already tagged with the label of description and price.

This all labeling and ticketing is basically done in the retail store before it is offered to the customer.

6 0

3 years ago

Need help!

Romashka [77]

Answer:

1. Journal entries are quicker and more comfortable in the manual accounting

2. Posting is easier in computer software-based accounting

3. Trial balance adjustment in manual accounting is tricky. However, a lengthy process may pose a challenge for computerized accounting.

4. Financial statements are more straightforward in software-based accounting than manual accounting

Explanation:

The introduction of accounting software such as QuickBooks has transformed the working for accounting professionals. The conventional accounting system replacement has made the job more comfortable. However, there are new challenges added, such as learning the software, making error-free inputs, and pace of computer-related entries. However, considering that once these skills are learned, the overall job is easier than before.

1. Journal entries in manual are made quicker, and errors can be rectified. However, entries are linked automatically to their respective ledgers that solve the challenges with compound entries

2. Posting is simpler in software as the general ledger is created on a single click. Manual posting requires time and efforts

3. Adjusted entries need to manual input in conventional method to create the adjusted trial balance whereas, in software, its added through adjusting journal entries.

4. Financial statements are much more straightforward in software as they are available on one click, whereas in manual accounting, they are required to be calculated.

4 0

2 years ago