Answer:
1. 700 is a good credit score but has lots of room for improvement.
2. Experian's change in criteria will benifit those who have little to no credit history as well as those who have poor credit history with credit cards and loan payments, but have paid rent monthly with little to no issues.
3. A 599 credit score is bad. Because of their credit score, consumers with this rating are likely going to struggle to be approved for future lines of credit or be charged high interest rates.
Answer:
Part a
Contribution Margin = 29.95% (2 d.p)
Part b
Billing Company
CVP Income for as at September 2017
Total Per Unit
$ $
Sales 295704 444
Less Variable Costs (138084) (311)
Contribution 157620 133
Fixed Costs (59850) 89.86
Net Income 97770 43.14
Part c
Billing`s break even point is 450 units
Part d
Billing Company
CVP Income for as at September 2017 - Break Even Point
Total Per Unit
$ $
Sales 199800 444
Less Variable Costs (139950) (311)
Contribution 59850 133
Fixed Costs (59850) 133
Net Income 0 0
Explanation:
Part a
Contribution Margin = Contribution/Sales × 100
Therefore contribution margin is ($444-$311)/$444 * 100 = 29.95% (2 d.p)
Part b
Sales - Variable Cost = Contribution
Net Income = Contribution - Total Fixed Costs
Part c
Break Even Point is when Billings neither makers a profit or loss.
Break Even Point ( Units) = Total Fixed Cost/Contribution per unit
Therefore Break Even Point (Units) = $59850/$133 = 450 units
Part d
The total and unit CVP should neither reflect a profit or loss at a capacity of 450 units as this is the break even point. In this case profit = nill
You can think of this problem in basic maths.
You have 4 pairs of socks sold at 4.19$ and you want to buy only three.
So in order to know the price of 3 pairs, you should first calculate the price of one pair of socks.
use cross multiplication to get the price of one pair as follows:
price of one pair = 4.19 / 4 = 1.0475$
Therefore,
price of 3 pairs = 1.0475 x 3 = 3.1325$
Answer:
.E. sole proprietorship.
Explanation:
A sole proprietorship, also known as the sole trader, individual entrepreneurship, or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. Sole Proprietorship examples include small businesses, such as a single person art studio, a local grocery, or an IT consultation service. The moment you start offering goods and services to others, you form a Sole Proprietorship. It's that simple. Legally, there is no distinction between you and your business.
<span>When mp3 players emerged and cassette players declined in popularity, the type/s of unemployment created were of those who are making the wires, the mp3 players, the cassette players, the CD players and even the owner or companies who are suppliers of products that are needed to assemble the machines.</span>
