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Natalka [10]
2 years ago
6

Ruby, a seventeen-year-old, purchases a car from Smitz Used Auto Sales and agrees to pay for it over a period of twenty-four mon

ths. Ruby makes the payments for four months but then decides the car payment is too much for her limited budget. Ruby tells Smitz that she wants to stop making payments and that she wants out of the contract completely. The contract between Ruby and Smitz can be canceled by:
Business
1 answer:
Illusion [34]2 years ago
7 0

Answer:

Ruby

Explanation:

Because she is a minor, but Ruby must return the car.

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Madisun Company issued common stock for proceeds of $20,000 during 2020. The company paid dividends of $5,000. The company also
bogdanovich [222]

Answer:

Net cash flows from financing activities is $24,000

Explanation:

Cash flow from financing activities:

Proceeds from stock issue                      $20,000

Dividends                                                  ($5,000)

Sale of treasury stock                                $9,000

net cash flow from financing activities      $24,000

The issue of long-term note payable of $35,000 does not involve an actual movement of cash,hence has zero impact on the cash flow from financing activities.

The dividends payment has negative sign because it is an outflow of cash unlike others that cash inflows.

4 0
3 years ago
After many years, a small community builds a toll road but discovers it is little used. if it wishes the road to be used at the
OleMash [197]
To increase the usage of the road the community should stop collecting toll payment, that is, they should set the toll equal to zero.
4 0
3 years ago
Complete the following sentence. Given that total revenue = price x quantity, a reduction in price will lead to an increase in t
ycow [4]
Elastic.
This is the formula for elasticity:
Elasticity = (Quantity variation/Quantity)/(Price variation/Price)
Inelastic demand is the one in which a variation in price doesn’t lead to an important variation in the quantity bought by consumers. So, in the formula, numerator is much smaller than denominator, so the fraction is lower than 1. That happens with necessary goods (typically, food).
On the contrary, elastic demand is the one in which a variation in the price leads to an important variation in the quantity bought by consumers, and that means the fraction is higher than 1. So if I sell the product at a lower price, I will sell much more product.
Considering the formula: R = P*Q, when demand is elastic, I will have much more sold quantity with just a little lower price, which leads to a higher revenue.
3 0
3 years ago
Read 2 more answers
Investing. once a riskier action, has become more stable and inviting since many American companies are now moving to internatio
Lyrx [107]

Answer: Time

Explanation:

It’s right I just took the test.

3 0
3 years ago
What is the total retail market value of all goods and services produced in a nation during a given period, usually a year?
Marianna [84]
I do believe that is the gross domestic product!
6 0
2 years ago
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