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3 years ago

8

Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-te

rm loan. This type of loan is called a ____.
A. title loan
B. line of credit
C. mortgage
D. payday loan

1 answer:

katrin [286]3 years ago

4 0

Answer:A

Explanation:

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Mandesa, Inc. has current liabilities of $9,500,000, current ratio of 2.0 times, inventory turnover of 12 times, average collect

Ksivusya [100]

Answer:

$5,569,634

Explanation:

Current ratio = current assets = 2× $9,500,000= $19,000,000

Inventory turnover = 12 times = $65,000,000÷ 12= $ 5,416,667

Average collection period (APC) = 45 days = account receivable × 365 days

=> Account receivable = (45 × $65,000,000 )÷ 365 days = $8,013,699

=> cash and marketable securities =$ 19,000,000 - $5,416,667- $8,013,699 = $5,569,634

3 0

3 years ago

Read 2 more answers

These people perform many of the activities required to move products efficiently from producers to consumers or industrial buye

Vadim26 [7]

These people perform many of the activities required to move products efficiently from producers to consumers or industrial buyers and are often wholesalers

Who are wholesalers ?

A wholesaler is a company or individual that purchases great quantities of products from manufacturers, farmers, other producers, and vendors. Wholesalers store them in warehouses and sell them on to retailers (shops and stores) and businesses.

Wholesalers are the merchant middlemen who sell mainly to retailers, other merchants, commercial, industrial, or institutional users. They buy principally for resale or business use.

The wholesaler’s business model is based on being the intermediary – the go-between. They operate between a product’s manufacturer and other businesses that want to sell that product.

What is the role of a retailers?

A retailer purchases in bulk from the wholesalers and sells the products to the customers in small quantities. A retailer essentially maintains a variety of merchandise. The aim of a retailer is to achieve maximum satisfaction by exceeding their expectations and delivering exceptional services

Learn more about distributors :

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2 years ago

Budgeted sales are expected to be: January 200 Units February 300 Units March 400 Units April 300 Units May 400 Units Selling Pr

erik [133]

Answer:

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

Explanation:

Sales Budget shows a forecast of the future sales revenues expected by the Company.It is the first budget to be prepared from which all other companies budget are created.

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

Hint : Since there are no targets for beginning or closing inventories, then Sales are equal to production.

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

4 0

3 years ago

Searls Corporation, a merchandising company, reported the following results for July: Number of units sold 2,700 units Selling p

melisa1 [442]

Answer:

$534,600

Explanation:

<em>Contribution margin = Sales - Variable Costs</em>

where :

Sales = 2,700 units x $664 = $1,792,800

Variable Costs = Costs of Goods Sold + Variable Selling Costs + Variable Administrative Cots

= 2,700 units x $405 + 2,700 units x $48 + 2,700 units x $13

= $1,258,200

therefore,

Contribution margin = $1,792,800 - $1,258,200 = $534,600

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3 years ago

Jit is a ______________ system.<br> a. push<br> b. pareto's law<br> c. mrp<br> d. pull

olga55 [171]

D maybe hope this helps

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3 years ago