Answer:
$30,220
Explanation:
Inventory purchased $299,000
Discount (299,000*2%) ($5,980)
Freight Charges $18,500
Inventory returned ($7,800)
Net purchases $303,720
Cost of goods sold=opening inventory+purchases-ending inventory
$335,000=$61,500+$303,720-ending inventory
Ending inventory=61,500+303,720-335,000
Ending inventory=$30,220
When the Federal Reserve sells treasury bonds to a bank, the money supply is decreased. Since there are smaller available funds for the bank to loan (they have tied up some cash by buying the bonds), the interest rate the bank charges (all other things EQUAL!) will increase.
Basically, what has happened is that the bank has lent money to the federal government, rather than to other lenders. So if it has no other sources of lendable funds AND borrowers don't have other banks to go to that are charging the current rate, the same number of borrowers competing for a smaller amount of borrowable funds will lead to a higher price, (interest rate) for those loans.
Answer:
A. Rental insurance covers your personal belongings but not the building
Explanation:
RENTAL INSURANCE is a type of insurance that help to cover or replace a person or an individual personal belongings in the case of unforseen circumstances such as theft ,fire accident or damage to Property which may arise and on the second hand RENTAL INSURANCE does not cover damage to a person personal property that arise due to damage causes by natural disasters such as hurricanes as well as carpeting repair due to water heater leakage.
Lastly RENTAL INSURANCE does not cover the actual building reason been that it only landlord Insurance policy that covers the actual building which means that the correct statement regarding rental insurance is :Rental insurance covers your personal belongings but not the actual building.
Answer:
Break-even point (dollars)= $275,000
Explanation:
Giving the following information:
sales $200,000
variable costs $120,000
fixed costs $60,000
desired profit= $50,000
<u>To calculate the sales required to achieve the desired profit, we need to use the break-even point in dollars formula:</u>
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (60,000 + 50,000) / [(200,000 - 120,000)/200,000]
Break-even point (dollars)= 110,000 / 0.4
Break-even point (dollars)= $275,000
Answer:
B. Getting caught in the transition period without a clear strategic advantage.
