Ask question

Ask question

All categories

2 years ago

6

Owing to his impulsive buying habits, Ronnie's unpaid credit card balances pile up to $9,000. As Ronnie does not have enough mon

ey to clear his bills, he is in a deep financial crisis. In this scenario, the first step that Ronnie should take is to:

1 answer:

alexandr1967 [171]2 years ago

4 0

get a job and work hard duhh

You might be interested in

. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing t

Morgarella [4.7K]

Answer:

1. ($98,560)

2a. Increase by $36,790

2b. Yes

Explanation:

1. Preparation of a contribution format income statement segmented by divisions

CONTRIBUTION FORMAT INCOME STATEMENT

East + Central + West= Total Company

Sales

$351,000 +$650,000+$550,000=$1,551,000

Less Variable expenses $196,560+$156,000+$209,000=$561,560

(56%*$351,000=$196,560)

(24%*$650,000=$156,000)

(38%*$550,000=$209,000)

Contribution margin

$154,440+$494,000+$341,000=$989,440

Traceable fixed expenses $258,000+$331,000+ $205,000=$794,000

Divisional segment margin-$103,560+$163,000 +$136,000=$195,440

($154,440-$258,000=-$103,560)

($494,000-$331,000=$163,000)

($341,000-$205,000=$136,000)

Common fixed expenses not traceable to divisions $294,000

($1,088,000-$794,000)

Net operating loss ($98,560)

($195,440-$294,000)

2a. Calculation for how much would the company's net operating income increase (decrease) if the proposal is implemented

Incremental West Division sales $104,500 ($550,000*19%)

X Contribution margin ratio 62%

(1-38%)

=Incremental contribution margin $64,790

($194,500*62%)

Less incremental advertising expense $28,000

Net operating income will increase by $36,790

($64,790-$28,000)

2b. YES, I Would recommend the increased advertising.

8 0

3 years ago

Create an outline of your paragraph about your participation in the economy this week. describe how you were a consumer or produ

Ber [7]

<span>I contributed to the total supply of money in the economy because my demand for good and services were paid for using money and it made the supplier to have more resources with which he can manufacture or purchase more product so that consumers can purchase. In this my economic decision was using the money which I could have used for other purposes for the purchase of goods and services as I had to forgo something and also my account balance became reduced as a result of the decision i made</span>

5 0

4 years ago

Read 2 more answers

Dave, an HR Manager at GoPhone LLC, is responsible for performing the job analysis process in his organization. He is currently

kykrilka [37]

Answer:

C. Developing job descriptions and job specifications

Explanation:

Job analysis involves the systematic and methodological process of gathering overall information about job duties and responsibilities required to perform a specific job. The process involves;

Organizational analysis ==> Select representative positions ==> Collect Data ==> Review collected data ==> Developing job description ==> developing job specifications.

So after reviewing and compiling job analysis, the next steps are developing job description and job specifications.

7 0

4 years ago

Read 2 more answers

1. The 1924 name change from The Computing, Tabulating, and Recording Company to the International Business Machines was done in

Gennadij [26K]

Answer:

The correct answer that fills the gap is: A. business.

Explanation:

The legendary company in the IT sector, IBM, which created the PCs in 1981, was baptized no less than in 1924, although its history dates back to 1911. Its acronym means International Business Machines Corp.

IBM not only invented PCs, but the data storage itself. Also other tools very common today, such as ATMs.

Despite having been the company with the greatest historical losses in the United States (8 billion dollars, as announced in January 1993), in 2011 it continued to be the number 18 company in the United States and 31 globally, according to list published by Forbes. One of his favorite slogans is THINK.

5 0

3 years ago

What are long-term decisions that set the direction for the entire organization called?a. Tactical b. Operational c. Directional

kvv77 [185]

Answer:

The correct answer is letter "E": Strategic.

Explanation:

Strategic decisions imply analyzing what direction is the overall company going to take in the long run. It represents the groups of decisions high-rank executives must take to conduct the operations of the firm, the resources that will be used and how they will combine those factors to reach the organization's objectives.

8 0

3 years ago