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Cerrena [4.2K]
3 years ago
7

Why do you think that people might treat a small purchase like a snack, differently from the way they would treat the purchase o

f something like a washing machine? Do you consider yourself a smart consumer? Why ?
Business
1 answer:
Eva8 [605]3 years ago
8 0
I think people would treat a small purchase like a snack differently than that of a bigger purchase like a washing machine because they would like to save up money and spend less. By buying a snack it’s a very small amount of money whereas a washing machine is a big amount of money so most people would by a snack rather than a washing machine mostly if they had little money because if the bought a washing machine they would either have a very little bit of money left or no money at all. Also I would consider myself a smart consumer because I only buy things or spend my money if I really need the thing that I am spending my money on.
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At December 31, 2014, Fell Corporation had a deferred tax liability of $680,000, resulting from future taxable amounts of $2,000
ANTONII [103]

Answer:

Dr Income Tax Expense 120,000

Cr Deferred Tax Liability 120,000

Explanation:

Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.

Fell Corporation journal entry for to adjust the deferred tax liability

Dr Income Tax Expense 120,000

Cr Deferred Tax Liability 120,000

$2,000,000 x .4 = $800,000

$800,000- $680,000 = $120,000

4 0
3 years ago
Required information
Paladinen [302]

Answer:

Hudson Co.

1. Amount of sales dollars

= $2,430,000

2. Margin of safety (in percent)

= 33%

3-1) Contribution margin per unit = $45

2) Contribution margin ratio = 20%

3) Break-even point in units = 7,200 units

4) Break-even point in sales dollars = $1,620,000  $255

Explanation:

a) Data and Calculations:

HUDSON CO.

Contribution Margin Income Statement

For Year Ended December 31, 2019

Sales (9,600 units at $225 each)           $ 2,160,000

Variable costs (9,600 units at $180 each) 1,728,000

Contribution margin                                      432,000

Fixed costs                                                    324,000

Pretax income                                            $ 108,000

Contribution margin per unit = $45 ($432,000/9,600)

Contribution margin ratio = 20% ($45/$225 * 100)

Break-even point in units = 7,200 ($324,000/$45)

Break-even point in sales dollars = $1,620,000 ($324,000/0.20) $255

1. With target pretax income of $162,000:

Amount of sales dollars = (Fixed cost + Target profit)/Contribution margin ratio

= $2,430,000 ($324,000 + $162,000)/0.20

2. Margin of safety (in percent)

1. Amount of sales = $2,430,000

2. Margin of safety = $810,000 ($2,430,000 - $1,620,000)

Margin of safety in percentage = 33% ($810,000/$2,430,000 * 100)

6 0
3 years ago
Brief Exercise 3-7 Sheridan Company’s weekly payroll, paid on Fridays, totals $6,600. Employees work a 5-day week. Prepare Sheri
Taya2010 [7]

Answer:

Explanation:

The journal entry is shown below:

On December 31,2016

Salary Expense A/c Dr $3,960 ($1,320 × 3 days )

      To Salary Payable A/c     $3,960

(Being adjusted salary is recorded)

On January 2

Salary Expense A/c Dr  $2,640  ($1,320 × 2 days )

Salary Payable A/c       $3,960  ($1,320 × 3 days)

       To Cash A/c                          $6,600            

(Being cash is paid)

5 0
4 years ago
A corporate coupon bond of 6.9 percent is callable in five years for a call premium of one year of coupon payments. Assuming a p
bagirrra123 [75]

Answer:

$1,069

Explanation:

Data provided in the given question

Future value = $1,000

Coupon bond = 6.9%

Time period = 5 years

The computation of price paid is shown below:-

Amount Paid = Principal Amount + Call premium

= $1,000 + 6.9% × $1,000

= $1,069

Therefore, for calculating the amount paid we simply add principal amount add call premium.

3 0
3 years ago
An adult African elephant weighs 8.25 tons. How much do 26 elephant weigh?
Alisiya [41]
214.5
multiply 8.25 by 26
3 0
4 years ago
Read 2 more answers
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