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2 years ago

Identify three types of customers that a business serves.

Business

1 answer:

Maksim231197 [3]2 years ago

4 0

Your Current Customers. These are the most important because they've already made a commitment to you. ...

Brand New Customers. These are the people who are currently purchasing products and services from your competitors. ...

Lost Customers.

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Seth has a monthly income of $2,500. He has a $400 car payment and owes $225 on electronic equipment. What is the percentage of

WITCHER [35]

Answer:

25%

Explanation:

Given:

Seth has a monthly income of $2,500

He has a $400 car payment

He owes $225 on electronic equipment.

Question asked:

What is the percentage of Seth's income he is paying out in debt payments?

Solution:

He has a car payment = $400

He owes on electronic equipment = $225

These two items are treated as debt for Seth as these items are used first then pay for it.

Total debt = $400 + $225

Total debt = $625

Now, we will find percentage of Seth's income he is paying out in debt payments,

$Percentage =\frac{Total \ monthly \ debt}{Total \ monthly\ income}$

$=\frac{625}{2500} \times100\\\\ =\frac{62500}{2500} \\\\ =25$

Therefore, 25% of Seth's income he is paying out in debt payments.

4 0

3 years ago

The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u

Crank

Answer:

-$414,444.44

Explanation:

The computation of the net present value is shown below:

Net present value = Initial investment + net cash flows ÷ (required rate of return - projected growth rate)

= -$1,570,000 + $104,000 ÷ (12% - 3%)

= -$1,570,000 + $1,155,555.56

= -$414,444.44

Hence, the net present value is -$414,444.44

Since the net present value comes in negative so the project is rejected

8 0

3 years ago

(Growth) The U.S. Census estimated that the world population was 6 bil- lion in 1999, and it was increasing 212,000 per day. Wha

lianna [129]

Answer:

Annual growth rate = 1.29% per year

Population in 2050 = 11.53 billion

Explanation:

Data provided in the question:

Population in 1999 = 6 billion = 6,000,000,000

Rate of increase in population = 212,000 per day

Now,

Number of days in a year = 365

Therefore,

Annual growth rate

= [ Growth rate per day × Number of days in a year ] ÷ initial population

= [ 212,000 × 365 ] ÷ 6,000,000,000

= 0.0129 per year

= 0.0129 × 100%

= 1.29% per year

Now,

2050 is 51 year from 1999

Population in 2050 = Population in 1999 × ( 1 + rate )ⁿ

= 6,000,000,000 × ( 1 + 0.0129 )⁵¹

= 11.53 billion

7 0

3 years ago

When did the ringling brothers organize their first small circus?

deff fn [24]

In 1884. The ringling brothers organized their first small circus.

3 0

3 years ago

The transactions of Spade Company appear below. Kacy Spade, owner, invested $100,750 cash in the company in exchange for common

Furkat [3]

Answer:

Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock.

Dr Cash 100,750

Cr Common stock 100,750

The company purchased office supplies for $1,250 cash.

Dr Supplies 1,250

Cr Cash 1,250

The company purchased $10,050 of office equipment on credit.

Dr Equipment 10,050

Cr Accounts payable 10,050

The company received $15,500 cash as fees for services provided to a customer.

Dr Cash 15,500

Cr Fees earned 15,500

The company paid $10,050 cash to settle the payable for the office equipment purchased in transaction

Dr Accounts payable 10,050

Cr Cash 10,050

c. The company billed a customer $2,700 as fees for services provided.

Dr Accounts receivable 2,700

Cr Fees earned 2,700

The company paid $1,225 cash for the monthly rent.

Dr Rent expense 1,225

Cr Cash 1,225

The company collected $1,125 cash as partial payment for the account receivable created in transaction

Dr Cash 1,125

Cr Accounts receivable 1,125

f. The company paid a $10,000 cash dividend to the owner (sole shareholder).

Dr Dividends 10,000

Cr Cash 10,000

Cash Common stock

debit credit debit credit

100,750 100,750

1,250

15,500

10,050

1,225

1,125

10,000

94,850

Supplies Equipment

debit credit debit credit

1,250 10,050

Accounts payable Fees earned

debit credit debit credit

10,050 15,500

10,050 2,700

0 0 18,200

Accounts receivable Rent expense

debit credit debit credit

2,700 1,225

1,125

1,575

Dividends

debit credit

10,000

5 0

3 years ago