Mary willis is the advertising manager for bargain shoe store. she is currently working on a major promotional campaign. her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 currently spent. in addition, mary is proposing that a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). variable costs will remain at $24 per pair of shoes. management is impressed with mary’s ideas but concerned about the effects that these changes will have on the break-even point and the margin of safety.

required:
a. compute the current break-even-points in units, and compare it to the break-even-point in units if mary's ideas are used
b. compute the margin of safety ratio for current operations and after mary's changes are introuduced.(round to the nearest full percent)
c. prepare a cvp income statement for current operations and after mary's changes are introuduced.(show coloumn for total ammounts only) would you make the chages suggested?

Answers

Answer 1

a. To compute the current break-even point in units, we use the formula: Break-even point (units) = Fixed Costs / (Price - Variable Costs). For current operations: Break-even point = $270,000 / ($40 - $24) = 11,250 units. With Mary's ideas: New fixed costs = $270,000 + $24,000 = $294,000; New price = $38. Break-even point = $294,000 / ($38 - $24) = 12,250 units.

b. Margin of safety ratio is calculated as: (Actual Sales - Break-even Sales) / Actual Sales. For current operations: Margin of safety ratio = (20,000 units - 11,250 units) / 20,000 units = 43.75%. With Mary's ideas: New sales volume = 24,000 units. Margin of safety ratio = (24,000 units - 12,250 units) / 24,000 units = 48.75%.

c. CVP income statement for current operations: Sales ($40/unit * 20,000 units) = $800,000; Variable Costs ($24/unit * 20,000 units) = $480,000; Contribution Margin = $320,000; Fixed Costs = $270,000; Operating Income = $50,000. After Mary's changes: Sales ($38/unit * 24,000 units) = $912,000; Variable Costs ($24/unit * 24,000 units) = $576,000; Contribution Margin = $336,000; Fixed Costs = $294,000; Operating Income = $42,000.

Considering the results, Mary's changes would increase the break-even point in units but also improve the margin of safety ratio. However, the operating income would decrease. Management should weigh the potential benefits of increased sales volume and a higher margin of safety against the reduced operating income before making a decision.

To know more about break-even point , refer here :

https://brainly.com/question/29063970#

#SPJ11


Related Questions

Doctor’s Office
Records are kept about ­Patients. Details include the name, address, contact details, insurance information, and visit records. Patients can be registered before actually coming for a visit. Details about prescribed treatments are recorded, including the date prescribed, the doctor involved, which appointment, and any additional notes. Diagnosis can include... An appointment does not necessarily result in any treatments.
Part 1: Identify the Data Requirements (10 points)
What data needs to be stored?
What entities (tables) will you include?
What information about each entity will be included?
What are the unique identifiers for each entity?
What will be the relationships between those entities?
Part 2: Create the ERD Diagram (For this assignment, you will use Lucidchart to create an E-R diagram based on the given scenario)
Create an ERD diagram to model the system for Happy Pet Veterinary Clinic. For this diagram, you will use the information in Part 1. Remember, here we are only focused on what data will be stored in the database and not the whole system to be designed. This diagram must include: (1) entities, (2) attributes for the entities, (3) relationships between the entities, and (4) identified primary and foreign keys.

Answers

Part 1: Identify the Data Requirements:

The data that needs to be stored includes: patient information (name, address, contact details, insurance information), visit records, details about prescribed treatments (date prescribed, the doctor involved, which appointment, and any additional notes), and diagnosis.

Entities (Tables):

The entities that will be included are Patients, Visits, and Treatments.

Information about each entity:

Patients: name, address, contact details, and insurance information.

Visits: visit records and diagnosis.

Treatments: prescribed treatments, date prescribed, doctor involved, appointment, and additional notes.

Unique identifiers for each entity:

Patients: Patient ID (primary key).Visits: Visit ID (primary key).

Treatments: Treatment ID (primary key).

Relationships between entities: Each patient can have many visits, but a visit can only be assigned to one patient.

Each visit can have multiple treatments, and treatment can be assigned to multiple visits.

Part 2:

ERD Diagram:

In the ERD diagram, the entities are represented by boxes, attributes for each entity are represented by ovals, relationships between entities are represented by diamonds and primary and foreign keys are represented by underlined attributes. Please see the attached image for the ERD diagram.

Learn more about foreign keys: https://brainly.com/question/31766433

#SPJ11

You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?

Answers

Answer:

The change should you expect in operating cash flows next year would be 19.60%

Explanation:

In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:

change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year

change should you expect in operating cash flows=2.8*0.07

change should you expect in operating cash flows=19.60%

The change should you expect in operating cash flows next year would be 19.60%

Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.​

Answers

Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.

What is a payment from a grant?

A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.

Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.

Learn more about grants:

brainly.com/question/28040270

#SPJ1

Which of the following are ways in which people can get an aptitude?
D born with it
buy it
O acquire it
borrow it

Answers

Answer:

born with it

Explanation:

hopefully it helps if not then I'm sorry

Answer:

Born with it & Acquire it

Explanation:

You can naturally be born with it or you can learn it. I got it right so gg to whoever needs this.

In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual for playing games and surfing the internet. Explain why.

Answers

Answer:

12

Explanation:

Which of the following statements is a fact about buyer behavior?
A.People buy based on real needs, not how a product will affect other people's opinions of them.
B.People are born with unchanging attitudes toward a product.
C.Messages about product benefits have more impact than messages about product features.
D.Salespeople should know which products are most profitable and how well products are selling.

Answers

Answer: That’s the correct answer ^^^

On apex

Explanation:

According to facts about consumer behavior, messaging regarding a product's benefits have a greater impact than those about its features. Therefore, option C is correct.

What describes buyer behavior?

Buyer behavior is any act or set of acts a buyer engages in when purchasing. Both good and negative actions by the customer are possible.

The business will succeed if clients respond favorably to a company's offers. Also, when clients take unfavorable action, the performance and success of the business are significantly threatened. To succeed in this cutthroat climate, any marketer must accurately assess the consumer's behavior.

The four main determinants of consumer behavior are cultural, social, personal, and psychological. A consumer's culture, subculture, and socioeconomic status are cultural elements. These elements frequently come naturally to our ideals and thought processes.

Four psychological factors—attitude or belief system, motivation, perception, and learning—have an impact on consumer behaviour.

Learn more about buyer behavior here:

https://brainly.com/question/28662169

#SPJ3

Gradual shifting of a time series to relatively higher or lower values over a long period of time is called
a. periodicity.
b. cycles.
c. seasonality.
d. trend.

Answers

Gradual shifting of a time series to relatively higher or lower values over a long period of time is called a trend. (option d)

A trend in a time series is a long-term movement or tendency in the data, representing a gradual shifting of values to relatively higher or lower levels over an extended period of time. Trends can be positive, indicating an upward movement in the data, or negative, indicating a downward movement.

Trends can arise due to a variety of factors, such as changes in population demographics, technological advancements, economic conditions, and government policies. Identifying and analyzing trends in a time series can be useful for predicting future values, understanding underlying drivers of the data, and making informed decisions.

Learn more about time series here:

https://brainly.com/question/20344588

#SPJ11

what documents are used in the buying of goods and services​

Answers

Answer:

trans tax

Explanation:trans tax

Which of the following is NOT a characteristic of a responsible borrower?
uses a variety of types of credit
makes monthly credit card payments on time
only uses approximately 30% of the credit that is available to them
opens a new credit card every time one is maxed out

Answers

Answer: Opens a new credit card every time one is maxed out

Explanation:

The correct option is to open a new credit card every time one is maxed out.

What is the responsible borrower?Being an accountable borrower is highly aligned with budgeting. Your student loan expenditures should be no more than 10% of your prospective net monthly payment. It is important to not borrow more than you require for your school-related expenditures and to keep track of how much you are borrowing cumulatively.An individual or an entity that takes money from someone else for different purposes. The borrower uses the capital for the specified period and at the end of the period returns the capital to the lender. For the usage of these funds, there will be a settlement called interest.

To learn more about responsible borrower, refer to:

https://brainly.com/question/25599836

#SPJ2

The three variables that mostly directly affect your monthly payments for an installment loan are?

Answers

The three variables that most directly affect your monthly payments for an installment loan are: Loan Amount, Interest Rate, Loan Term.

Loan Amount: The principal amount you borrow is a significant factor in determining your monthly payments. A higher loan amount will result in larger monthly payments, while a smaller loan amount will lead to smaller payments.

Interest Rate: The interest rate on the loan directly impacts the cost of borrowing. A higher interest rate means higher monthly payments, as you are paying more in interest charges. Conversely, a lower interest rate will result in lower monthly payments.

Loan Term: The length of the loan term also affects your monthly payments. A longer loan term typically leads to lower monthly payments, as the total amount is spread out over a longer period. Conversely, a shorter loan term will result in higher monthly payments but allows for faster repayment and less overall interest paid.

For more such questions on installment visit:

https://brainly.com/question/11363258

#SPJ8

which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? check all that apply. 1. Protecting property rights and enforcing contracts.
2. Pursuing inward-oriented policies.
3. Increasing taxes on income from savings.
4. Imposing restrictions on foreign ownership of domestic capital.
5. Rapid population growth that lowers the stock of capital per worker.
6. The emigration of highly skilled workers to rich countries.
7. Rapid population growth that increases the burden on the educational system.

Answers

The goal of increasing productivity and growth in developing countries can be achieved by protecting property rights and enforcing contracts, as well as by encouraging foreign direct investment and international trade.

These policies can help to create an environment conducive to investment and business activity, allowing developing countries to grow and develop their economies.

However, policies such as the emigration of highly skilled workers to rich countries and rapid population growth that increases the burden on the educational system are not consistent with the goal of increasing productivity and growth in developing countries. Emigration of skilled workers takes away vital resources and can create a brain drain, while rapid population growth can lead to overcrowding, decreased quality of life, and an overwhelmed educational system.

Overall, in order to increase productivity and growth in developing countries, policies should focus on strengthening the rule of law and improving access to foreign direct investment, international trade, and technological resources.

Learn more about  policies for increasing productivity and growth in developing countries:https://brainly.com/question/15350006

#SPJ11

why teacher want me to take exam

Answers

Answer:

dont know but our state dodge it because we had power and water out so we have about 2 weeks till then i think i know fo sure its in march tho

Explanation:

Dan and Andy work on the same website layout team. They cannot agree on a layout for the current project. James, the project leader, decides to settle the argument using an appropriate conflict resolution strategy. Arrange the steps in the proper sequence that James should follow.
James encourages Dan and Andy to offer a solution.
James encourages Dan and Andy to work together.
James lets Dan and Andy express their individual
opinions in an open manner.
James discusses all the solutions and decides on the
one that satisfies everyone.

Answers

Answer:

1) James encourages Dan and Andy to work together.

2) James lets Dan and Andy express their individual opinions in an open manner.

3) James encourages Dan and Andy to offer a solution.

4) James discusses all the solutions and decides on the one that satisfies everyone.

Explanation:

I took the test and got it right on PLATO, trust me :))

as long as a consumer remains on the same indifference curve, group of answer choices she is indifferent to all points that lie on any other indifference curve. she is unable to decide which bundle of goods to choose. she is indifferent among the points on that curve.

Answers

As long as a consumer remains on the same indifference curve, consumer is indifferent among the points on that curve. Because consumer is unable to decide which bundle of goods to choose.

Indifference curves are graphical representations that depict a consumer's possible consumption choices. All of these options offer consumer the same satisfaction or happiness. Each curve represents a different level of satisfaction, with higher curves representing higher levels of satisfaction. Points on a single indifference curve have the same level of satisfaction or utility.

Indifference curves that are farther away from the origin represent a greater level of satisfaction or utility.

The following are some of the assumptions that are made in the creation of indifference curves:

Rationality: Consumers are believed to be rational and objective about their consumption choices. They always choose the best option from a variety of alternatives. This choice is determined by the consumer's personal preferences and the market's price system. Consumers have complete knowledge of the available products and their costs.Fixed income: A consumer's income is fixed and limited, and all expenditures must be made from that income. As a result, a consumer must choose among all of the items that are available to her. This means that if the consumer decides to spend more on one item, consumer must spend less on another. Consumers aim to maximize their total utility while remaining within their budget constraints. Goods are divisible: Goods are divisible, which means that they may be consumed in small quantities. The quantity of a product consumed can range from zero to infinity. It is possible for a consumer to split her resources across multiple products or to devote all of her resources to one product.

As long as she is on the same indifference curve, she is unable to decide which bundle of goods to choose. She is indifferent among the points on that curve.

Learn more about indifference curve https://brainly.com/question/24302783

#SPJ11

Health care in the United States could become an inferior good if
A.overall health is unchanged but health insurance premiums stay constant.
B.overall health deteriorates so that when income​ decreases, health care spending decreases.
C.overall health deteriorates so that when income​ increases, health care spending decreases.
D.advances in medical technology allow better and less costly treatment of disease and cures for diseases that are now expensive to​ treat, so that expenditures on health care could decline as incomes rise.

Answers

C.overall health deteriorates so that when income​ increases, health care spending decreases.

If overall health deteriorates in a way that individuals require less medical care and spending on healthcare decreases as a result, health care could become an inferior good. An inferior good is a type of good for which demand decreases as income increases. In this scenario, as income increases, individuals would allocate less of their income towards health care since their overall health has deteriorated and they require fewer medical services. Health care refers to the maintenance and improvement of an individual's physical, mental, and social well-being through the prevention, diagnosis, treatment, and management of illness, injury, and other health conditions. It encompasses a broad range of services, including medical, dental, pharmaceutical, and preventive care. The health care sector is a vital industry that involves various stakeholders such as healthcare providers (physicians, nurses, hospitals, clinics), insurance companies, pharmaceutical companies, medical equipment manufacturers, and government entities. It plays a crucial role in promoting population health, ensuring access to healthcare services, and addressing healthcare disparities.

Learn more about health care  here:

https://brainly.com/question/29705792

#SPJ11

1)If the firm's advertising budget is $32,000 (instead of $40,000) and the firm allocates it optimally over the four quarters, the firm's break-even production cost is: a)27. 14 b)28. 56 c)27. 13 d)29. 56

Answers

The break-even production cost would be $27.13 if the firm's advertising budget is $32,000 and allocated optimally over the four quarters. Option C is correct.

To calculate the break-even production cost, we can use the formula: Break-even production cost = Fixed costs / (Price per unit - Variable cost per unit)

In this case, the fixed costs are the advertising budget of $32,000, and the variable cost per unit is $10. The price per unit is $20, as given in the problem statement.

To allocate the advertising budget optimally over the four quarters, we can use the formula:

Advertising spending in quarter = (Total advertising budget / 4) * (Quarterly market share / Sum of quarterly market shares)

Using the given market share data, we can calculate the optimal advertising spending for each quarter as follows:

Q1: $5,120

Q2: $8,320

Q3: $9,440

Q4: $9,120

Summing up the optimal advertising spending for each quarter gives us the total advertising budget of $32,000.

Substituting the values into the break-even production cost formula:

Break-even production cost = $32,000 / ($20 - $10)

⇒                                             = $32,000 / $10

⇒                                             = $3,200

Finally, dividing the break-even production cost by the annual sales volume of 118,000 units gives us:

Break-even production cost per unit = $3,200 / 118,000

⇒                                                           = $27.13

Therefore, the break-even production cost is $27.13 if the firm's advertising budget is $32,000 and allocated optimally over the four quarters. Option C is correct.

To know more about the Advertising budget, here

https://brainly.com/question/23746401

#SPJ4

which of the following is not part of the financial forecasting process used to project financial statements? question 28 options: a) project the balance sheet b) project the cost of equity capital c) project the statement of cash flows d) project the income statement

Answers

The answer to this question is option B, which states that projecting the cost of equity capital is not part of the financial forecasting process used to project financial statements.

Financial forecasting is an important aspect of financial planning, and it involves estimating the future financial performance of a business based on historical data and current trends. The process typically involves projecting the income statement, balance sheet, and statement of cash flows. The income statement is a financial statement that shows a company's revenue, expenses, and net income over a specified period. It is an essential component of financial forecasting as it helps determine the profitability of a business.

The balance sheet, on the other hand, provides a snapshot of a company's financial position at a specific point in time. It includes information about a company's assets, liabilities, and equity. By projecting the balance sheet, companies can estimate their financial position in the future and plan accordingly.

Lastly, the statement of cash flows shows the inflows and outflows of cash within a company during a specified period. It helps businesses identify areas where cash is being spent and where it is being generated. By projecting the statement of cash flows, companies can predict their cash position in the future and plan for any potential cash flow problems.

In conclusion, financial forecasting is an essential process for businesses as it helps them plan for their financial future. While projecting the cost of equity capital may be important in certain financial analyses, it is not a part of the financial forecasting process used to project financial statements. The projection of the income statement, balance sheet, and statement of cash flows are crucial components of financial forecasting and provide companies with a clear understanding of their financial position in the future. So, the answer to this question is option B

For more such questions on financial forecasting

https://brainly.com/question/20813243

#SPJ11

Amelie received an email that claimed to be from a Nigerian prince who needed help setting up
a bank account but would pay thousands of dollars if Amelie helped him. What kind of email is
this?
a) Ad
b) Spam
c) Junk
d) Support

Answers

Answer:

Explanation:

Spam

At what point does an idea-driven enterprise run into problems and At what point does a market-driven enterprise run into problems?

Answers

Idea-driven businesses face unique challenges during growth. ... Their innovation is born from a deep desire to change the way people think about ... to shed light on the different stages of idea-driven business and what problems each stage ...

Idea-driven firms confront particular difficulties as they expand. Their creativity is the result of a strong desire to alter how people think, to shine a light on the many stages of the idea-driven company, and the issues that each level faces.

What is firm?

A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN).

The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.

The name of the company is often used for commercial purposes, but the level of legal protection—for owners or employees—depends on the ownership structure that was used to establish the company. Corporations, for example, offer a higher level of legal protection than other forms of organizations. The idea of a mature company with a strong foundation already exists.

To learn more about the firm follow the link.

https://brainly.com/question/14693807

#SPJ2

Which is the definition of competitiveness?

Responses

1. the ability to create an environment built on support and encouragement


2. steadfastness and commitment in achieving a goal


3. doing something that might result in loss to achieve business goals


4. the property of having a strong desire for success and achievement

Answers

2……………………………………………………….

True or False: Organizations often add enticements such as relocation assistance and career development programs to attract better applicants. This is the only benefit to having these programs.

Answers

The given statement "Organizations often add enticements such as relocation assistance and career development programs to attract better applicants." is True organizations often add enticements such as relocation assistance and career development programs to attract better applicants.

These programs not only attract better applicants, but they also provide additional benefits to both the employees and the organization. For instance, career development programs help employees improve their skills and knowledge, leading to increased job satisfaction and retention rates.

Furthermore, such programs foster a positive work environment, resulting in higher employee engagement and productivity. Meanwhile, relocation assistance eases the burden of moving for new employees, allowing them to focus on their new role and adapt to the organization more quickly.

In summary, while these programs do attract better applicants, they also provide numerous other benefits, such as employee skill enhancement, increased job satisfaction, and improved productivity, which ultimately contribute to the overall success of the organization.

To know more about Organizations, refer here:

https://brainly.com/question/28713417#

#SPJ11

On February 11, 2019, Quick Fix Company purchased $4,000 of supplies on account. In Quick Fir's chart of accounts, the supples account is Ns 15, and the accounts pat 21 a. Journalize and insert the posting reference for the February 11, 2019, transaction on page 73 of Quick Fix Company's cun alan amour de does not require an entry leave Page: 73 DATE POST. REF. DEBIT ACCOUNT TITLE ppies CREDIT 15 ADM 12/11/2019 2 40002- Feedbac First, identify what account is used and then what type of account is used. Every account is either an asset ability stockholders eauty dividends me or expense acount. Then see the decreases Each increase or decrease is recorded as a debit or credit following the rules of debit and credit (Refers Exhibit 3 in the text member total debts should all your try b. & d. Enter a debit balance of $1,960 as of February 1 2019. Place a check mark () in the Posting Reference columns Post and insert the posting reference for the February 11, 2018, tract the an amount box does not require an entry, leave it blank GENERAL LEDGER Account Supplies Account No. 15. BALANCE DEBIT CREDIT POST. REF. DATE ТТЕН DEBIT CREDIT 100 2/1/2019 Balance G CRED DN b. & d. Enter a debt balance of $1,960 as of February 1, 2019. Plece a check mark () in the Posting Reference calume Pist and insert the pisting reference for the Feary 11, 203 onto the an amount box does not require an entry, leave it blank GENERAL LEDGER Account Supplies DATE ITEM POST. REF. DEBIT CREDIT Account No. 15 BALANCE DEBIT CREDIT 2/1/2019 Balance C LIME 2/11/2019 Feedback Check My W See the illusion in Exhibe 5 in the text. Every account is in the ledger, which usually uses a temal Sur-column account presentation rather than d. Transfer the information from the journal entry to each appropriate account in the lege c. & d. Enter a credit balance of $29,120 as of February 1, 2019, Place a check mark () in the Posting Reference column, Pest and insert the pecting reference for the February 11, 2018 action the t If an amount box does not require an entry, leave it blank GENERAL LEDGER Account Accounts Payable Account No. 21 BALANCE DEBIT CREDIT DEBIT CREDIT DATE ITEM Previous POST. REF. c. & d. Enter a credit balance of $29,120 as of February 1, 2019. Place a check mark (4) in the Posting Reference column. Post and insert the posting reference for the February 11, 2015, transaction to the account If an amount box does not require an entry, leave it blank. GENERAL LEDGER Account Accounts Payable Account No. 21 BALANCE DATE ITEM POST. REF. DEBIT CREDIT 2/1/2019 Balance D 29,120✔ 2/11/2019 Foodlack Check My Work See the lustration in Exhibit 5 in the text. Every account is in the ledger, which ususly uses a formal 4-column account presentation rather than Taccounts d. Transfer the information from the journal entry to each appropriate account in the leger DEBIT CREDIT

Answers

On February 11, 2019, Quick Fix Company debited Supplies and credited Accounts Payable for $4,000.

Journal Entry:

Date: February 11, 2019

Accounts Debit: Supplies ($4,000)

Accounts Credit: Accounts Payable ($4,000)

Posting Reference:

Page: 73

In this transaction, the account used is Supplies, which is an asset account. The type of account used for Accounts Payable is a liability account.

To record the transaction, we debit the Supplies account to increase its balance and credit the Accounts Payable account to show the increase in the company's outstanding liabilities.

The posting reference indicates the page number where the journal entry is recorded in the general ledger for future reference and easy retrieval of information.

Learn more about Transaction

brainly.com/question/24730931

#SPJ11

Final answer:

The February 11, 2019 transaction for Quick Fix Company involved the purchase of $4,000 worth of supplies on account. The supplies account is classified as an asset account. The accounts payable account would be credited in the journal entry to indicate the increase in liability.

Explanation:

The February 11, 2019 transaction for Quick Fix Company involved the purchase of $4,000 worth of supplies on account. The supplies account, which is numbered 15, is classified as an asset account. In the journal entry, the accounts payable account (number 21) would be credited, indicating the increase in liability. The posting reference for this transaction in Quick Fix Company's general ledger on page 73 should be recorded as follows:

Supplies (15) - Debit: $4,000

Accounts Payable (21) - Credit: $4,000

Learn more about Journalizing transaction for supplies purchase here:

https://brainly.com/question/33314702

#SPJ12


What would be the best decision: To rent month-to-
month until you get a job, or to go ahead and sign a
lease for two years?
O Rent month to month.
O Sign the lease.

Answers

Answer:

Sign the lease.

Which words means finds its food; a consumer.?

Answers

Answer:

The word that means finding its food is hunting

how to calculagte this answer- A buyer is getting a fully amortized loan for $220,000. The bank will give the buyer the loan for 15 years at 5 1/2% or for 30 years at 6 1/2%. To the nearest dollar, what is the difference between the monthly payments for these two loans?

Answers

Answer: $409.20

Explanation:

given;

loan amount = $220,000

loan option 1 = 15 years at 5.5%

loan option 2 = 30 years at 6.5%

solution:

1. monthly payment for loan 1.

$220,000/$1000 = 220

15 years at 5.5% = $8.18 * 220

= $1799.60

2. monthly payments for loan 2.

30 years at 6.5% = $6.32 * 220

= $1390.40

difference between both monthly payments.

loan option 1 monthly payment - loan Option 2 monthly payment

= $1799.60 - $1390.40

= $409.20

The  difference between the monthly payments for these two loans is $409.20

The calculation is as follows:

monthly payment for loan 1.

$220,000 ÷ $1000 = 220

15 years at 5.5% = $8.18  × 220

= $1799.60

2. monthly payments for loan 2.

30 years at 6.5% = $6.32  × 220

= $1390.40

difference between both monthly payments.

= loan option 1 monthly payment - loan Option 2 monthly payment

= $1799.60 - $1390.40

= $409.20

Learn more: https://brainly.com/question/994316?referrer=searchResults

What do you mean by search of trade?‌Why is it essential?​

Answers

Answer:

trade means buying and selling good and service

Answer:

it takes time,resourses and money to creat and luanch distinctive and affective brands..in most instances,trade searching id an important first step in any trade registration to avoid adopting brans that infrige third-party trademark rights.

What are the approaches for learning Economics effectively?

Answers

the linear stages of growth model, theories and patterns of structural change, the international dependency revolution, and the neoclassical theories. The term economic development is a term that economists, politicians, and others have used frequently.

Is this how to speak to a girl, I am lost if you're away. You have me so completely. I cherish you night and day. Without your breath, I cannot live.

Answers

Ya bro go for it should be 100%

Convince On the discussion board address the following 6.2 Globalization Defined 1. An automobile worker loss his job because his factory moved to Mexico. What could you say in an effort to convince him that this move might be good for the nation?

Answers

It's crucial to handle the matter with sensitivity and compassion while speaking to the auto worker who lost his job as a result of the manufacturing moving to Mexico.

What is Globalization?

Globalization is the process through which nations, economies, communities, and cultures around the world become more interconnected, integrated, and dependent on one another.

In the long run, industry globalization frequently boosts economic development and employment creation. Although the worker may have originally lost his job, moving to Mexico can open up new career chances in the automobile industry or other industries.

Even if the automobile worker lost his job, he could have learned useful skills and information that he might use in other fields or as a business owner.

Learn more about Globalization, here:

https://brainly.com/question/32660255

#SPJ6

which of the following best completes the diagram? sharecropper buys his own farm so that he can earn enough money to pay the debt. sharecropper must plant more crops next year to help earn enough to pay off the debt. sharecropper must give back the items that he previously bought on credit to satisfy the debt. sharecropper moves to another region to set up a new sharecropping plan with another farmer.

Answers

The missing option that best completes the diagram is: option C Sharecropper decides to work additional jobs in order to earn enough money to pay off the debt.

This option suggests another possible solution to the sharecropper's problem of paying off the debt. Instead of buying his own farm, giving back items bought on credit, or moving to another region, the sharecropper could work additional jobs to increase his income and earn enough money to pay off the debt. This option may be more feasible for some sharecroppers, depending on their skills and available job opportunities.

Overall, the options presented in the diagram represent different strategies that a sharecropper might use to address the challenge of paying off a debt. Each option has its own advantages and disadvantages, and the best approach will depend on the specific circumstances of the sharecropper and the resources available to them.

Learn  more about “ sharecropper   “ visit here;

https://brainly.com/question/2542912

#SPJ4

complete question-

Which of the following best completes the diagram?

A) Sharecropper buys his own farm so that he can earn enough money to pay the debt.

B) Sharecropper must plant more crops next year to help earn enough to pay off the debt.

C) Sharecropper must give back the items that he previously bought on credit to satisfy the debt.

D) Sharecropper moves to another region to set up a new sharecropping plan with another farmer.

which of the following best completes the diagram? sharecropper buys his own farm so that he can earn
Other Questions
Find the geometric mean between 24 and 25 your company incurs a cost for machinery, which, in the short run, is fixed. what happens to this cost in the long run? What pattern does the earth revolve around the sun?. pls pls pls help!! will mark brainliest Which climatic zones are found in India? Choose from the following the nurse is caring for a client who has an excess amount of potassium being excreted and has a serum level of 6.2 meq/l. what group of adrenal hormones is likely to be impacting the laboratory result? mark the following statements as valid or invalid. if a statement is invalid, explain why. a. newemployee . name ="john smith"; b. cout is 4[3(x7)] and 6(142x) equiviant Examine the graph of the logarithmic function f(x).The function f(x) has a vertical asymptote at x= Blank. an infant born to an underweight woman is more likely to ______. A behavior, belief, or condition that violates significant social norms in the society or group in which it occurs is termed. using the same crime data set uscrime.txt as in question 8.2, apply principal component analysis and then create a regression model using the first few principal components. specify your new model in terms of the original variables (not the principal components), and compare its quality to that of your solution to question 8.2. you can use the r function prcomp for pca. (note that to first scale the data, you can include scale. What two reasons did Mary Wollstonecraft present for giving women equal rights? What is the answer for ?x+2y=4 3x+6y=18 In exactly one year, Tiger Inc stock will pay its next dividend of $7.93. For the two subsequent years, dividends will grow at -4% and then 5% per year every year thereafter. If investors require a return of of 10.6%, what is a fair price for Tiger stock today? Round your answer to the nearest penny. What is Virginia Administrative Process Act 2.2-4000? What does the phrase "like a needle" mean and the answers are A: it Suggestes where are the needle bug gets its nameB: it suggest that the needle bug has a pointed tipC: it suggests that the body of the needle bug is silverD: its suggest that the needle bug is dangerous to catchE: The suggest that the body of the needle bug is long and thin BRAINLYEST PLUS 5 POINTSPLEASE DO STEP BY STEP!:)Evaluate 12x-3(3x-5)+24 when x = 2 You are planning a PR campaign that will donate 2% of all room revenues to support the Alzheimer's Foundation for theupcoming two weeks. You normally sell 4,200 rooms a week at an average rate of $214 per room. The campaign is so popular that you sell anadditional 204 rooms during the two week campaign. What is your net short-term cost or gain of the campaign? Decide if each statement is a characteristic of totalitarian or democratic rule, then place it under the correct headingPeaceful transfers of powerTotalitariansimsDemocracyState control of cultureA single political ideologyOne political partyMultiple political partiesUse of secret policeMany personal libertiesElections determine leadersFew personal freedoms