when you find you cannot pay your credit card bills you must take action! which option is advisable? a) adjust your budget to allow for more money to pay for the cards. b) change to a less expensive credit card or cards. c) use a secured loan or home equity loan to get a lower interest rate to pay the cards off. d) use savings to pay off some or all of current credit card debt. e) all of the above
Answers
When you cannot pay your credit card bills, the advisable option is to adjust your budget to allow for more money to pay for the cards.
Option A is correct .
How to deal with credit card debt?Credit card debt is an issue that can be extremely difficult to manage, particularly if you do not understand how to handle it.
Follow the steps below to learn how to deal with credit card debt:
1. Pay the minimum: Even if you're short on cash, making the minimum payment is always better than paying nothing at all. Late payments, on the other hand, will damage your credit score and result in additional fees.
2. Reduce your spending: One of the most important things you can do to improve your financial position is to reduce your spending. Try to live within your means by spending less each month than you earn.
3. Avoid new credit : Do not apply for new credit cards until you have paid off your existing credit card debt. If you continue to use credit cards while you are still in debt, you will never be able to escape the cycle.
4. Consolidate your debt : Consolidating your debt is another option. You may consider consolidating your debt with a loan that has a lower interest rate than your credit card debt. This may reduce your monthly payments and make it easier for you to pay off your debt over time.
5. Adjust your budget : You must adjust your budget to allow for more money to pay for your credit card debts. Cutting back on unnecessary expenses such as eating out, cable, and other things can help you save a lot of money.
Thus, option (a) adjust your budget to allow for more money to pay for the cards is advisable when you cannot pay your credit card bills.
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d) use savings to pay off some or all of current credit card debt.
When you find you cannot pay your credit card bills you must take action! The advisable option is to use savings to pay off some or all of current credit card debt.
This option, among the given ones, makes the most sense when you find you cannot pay your credit card bills. Here are some things you can do when you find you cannot pay your credit card bills:
1. Look over the credit card statements and review the amounts, minimum payments, and interest rates on all of your credit cards.
2. Develop a budget and payment plan.
3. Prioritize your credit card payments by paying the minimum amount due on all but the credit card with the highest interest rate.
4. Consider debt counseling.
5. Contact your credit card issuer to see if you can negotiate a repayment plan.
6. Use savings to pay off some or all of the current credit card debt.
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Related Questions
self-managed teams are groups of workers who have been given ______ for their task domains.
Answers
It can be inferred that Self-managed teams are defined as groups of workers who are given administrative oversight for their task domains.
More explanation on administrative oversightBefore giving a vivid definition of administrative oversight, we will define both the terms administration and oversight respectively:
Administration is the set of activities related to organizing and supervising the functioning of an organization or institution.
Oversight, on the other hand, refers to actions taken to review and monitor public sector organizations and their policies, plans, programs, and projects, to ensure they are achieving the intended results.
In conclusion, we can state that administrative supervision includes delegated activities such as planning, scheduling, monitoring, and staffing.
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A person who fails to make loan payments on time is likely to face which
consequence?
A. Paying higher interest rates on future loans
B. Having his or her credit score greatly increased
C. Being arrested and charged with bank fraud
D. Being given a lower debt-to-income ratio
Answers
A person who fails to make loan payments on time is likely to face the consequence of paying higher interest rates on future loans. The correct option is A.
When a borrower fails to make loan payments on time, it can negatively affect their credit score. This can make it harder to obtain future loans or credit cards, and lenders may charge higher interest rates to compensate for the increased risk of lending to someone with a lower credit score.
It is important to note that failing to make loan payments on time does not typically result in being arrested and charged with bank fraud. However, it is important to communicate with the lender and work out a plan for repayment to avoid further consequences such as defaulting on the loan or having the loan sent to a debt collection agency.
Thus, the ideal selection is option A.
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Determine the correct sequence of the following events from start to finish.
-The kitchen staff prepares the dishes.
-Fatima, the expediter,checks the order before the server picks them up.
-Lara then transmits the order to the kitchen
-Lara takes the order from the customer and notes down.
-Brian, the chef, estimates the time each dish will require for preparation
-Lara retrieves the order and delivers it to her customer
Answers
The correct sequence of the events from start to finish is:
-Lara takes the order from the customer and notes down.Lara then transmits the order to the kitchenBrian, the chef, estimates the time each dish will require for preparationThe kitchen staff prepares the dishes.Fatima, the expediter,checks the order before the server picks them up.Lara retrieves the order and delivers it to her customerWhat is the sequence of ordering food in a restaurant?The first thing that happens is that the waiter picks up the order from the customer and takes note of it. The order will then go to the kitchen where the chef will estimate how long the order will take to be prepared.
The expediter will then check the order when the meal is done but before the waiter picks it up. The waiter than delivers to the order.
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Is the following an example of a Temporary or Permanent Account?Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000.
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Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000. This is an example of permanent account.
The balances that accumulate over time are recorded in permanent accounts. Records of sales is an illustration of super durable records. Assets, liabilities, equity, accounts payable, inventory, and investments are additional examples of permanent accounts.
An account whose balance does not reset to zero at the end of the accounting period is called a permanent account, also known as a real account. Instead, the balance stays the same throughout each accounting period. Asset, equity, and liability accounts are the most common types of permanent accounts.
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am I correct? if not lmk the answer please
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In business writing, the main idea of a written work should be located _____. a. at the end of the first paragraph b. in the body of the document c. at the beginning of the first paragraph d. in the salutation of the document
Answers
In business writing, the main idea of a written work should be located at the beginning of the first paragraph.
What is the business letter?A Business letter contains major three parts that are beginning, body part, and ending a paragraph with saluation. Here, in the initial paragraph, it is required to mention about the introduction and purpose for which letter is written.
Therefore, readers would get to know what must be expected from further parts of the letter.
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Answer:
C
Explanation:
GDP refers to: *
1 point
Government Development Plan
Gross Demand Payment
Gross Domestic Product
Gross Domestic Plan
Answers
Answer:
Gross Domestic product
Explanation:
GDP of a country is defined as all incomes from tax,share market etc domestic incomes.It is calculated either quarterly of 4months/3months or annually.how can a bank benefit a company
Answers
Answer:
Banks provide business-specific financial services that help business owners manage their money. In addition to basic checking account services that allow business owners to deposit funds and write checks, they may also allow businesses to transfer money by Automated Clearing House (ACH) and wire
A company that produces and sells laptops has a weekly profit described by the function P(x) where x is the number of laptops produced and P(x) is given in hundreds of dollars. They determined their marginal profit for producing and selling 50 laptops was 3
Interpret this number in the context of the problem.
When the company produces and sells the______laptop it will____ $___in____
Answers
The company should produce and sell 416 laptops weekly to maximize its weekly profit.
The given computing company's weekly profit function isP(x) = -0.007x³ – 0.1x² + 500x – 700. The number of laptops produced and sold weekly is x units. To maximize the weekly profit of the company, we need to find the value of x at which the profit function P(x) attains its maximum value.
Now, differentiate the given function, we get:P′(x) = (-0.007) * 3x² – 0.1 * 2x + 500= -0.021x² – 0.2x + 500To find the value of x, we set P′(x) = 0 and solve for x.
So,-0.021x² – 0.2x + 500 = 0
Multiplying both sides by -1, we get0.021x² + 0.2x - 500 = 0.
To solve this quadratic equation, we can use the quadratic formula: x = (-b ± √(b² - 4ac)) / 2a where a = 0.021, b = 0.2, and c = -500
Substituting the values of a, b, and c in the above formula, we get: x = (-0.2 ± √(0.2² - 4 * 0.021 * (-500))) / 2 * 0.021≈ 416.1 or -2385.7
Since the number of laptops produced and sold cannot be negative, we take the positive root x = 416.1 (approx.) as the required value.
Therefore, the company should produce and sell 416 laptops weekly to maximize its weekly profit.
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the income elasticity of money demand is 0.6 and the interest rate elasticity of money demand is -0.01. suppose that the central bank increases the money supply by 3%, real income increases by 2% and inflation is 2%. what is the percentage increase in the nominal interest rate? a. 5% b. 10% c. 20% d. 25%
Answers
The percentage increase in the nominal interest rate is approximately 0.585%. None of the given options (a. 5%, b. 10%, c. 20%, d. 25%) match this result.
To calculate the percentage increase in the nominal interest rate, we can use the following equation:
% change in nominal interest rate = [(Income elasticity of money demand * % change in real income) + (Interest rate elasticity of money demand * % change in money supply)] / Inflation rate
Plugging in the given values:
% change in nominal interest rate = [(0.6 * 2) + (-0.01 * 3)] / 2
% change in nominal interest rate = [(1.2) + (-0.03)] / 2
% change in nominal interest rate = 1.17 / 2
% change in nominal interest rate ≈ 0.585
The percentage increase in the nominal interest rate is approximately 0.585%. None of the given options (a. 5%, b. 10%, c. 20%, d. 25%) match this result.
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Eli is buying a townhouse that costs $276,650. He has $28,000 in savings and earns $4,475 a month. Eli would like to spend no more than 30% of his income on his mortgage payment. Which loan option would you recommend to Eli? a. 30 year FHA, 3. 5% down at a fixed rate of 6. 5% b. 30 year fixed, 5% down at a fixed rate of 6. 25% c. 30 year fixed, 6. 5% down at a fixed rate of 5. 75% d. 30 year fixed, 10% down at a fixed rate of 5%.
Answers
The loan option which I would recommend to Eli is which there are 30 years fixed, 10% down at a fixed rate of 5%.
What is the interest rate?The quotient of a loan, that is charged as interest to the receiver, is typically expressed as an annual percentage of the loan outstanding.
Given data are:
Cost of buying a townhouse = $276,650
Savings = $28,000
Earns per month = $4,475
computation:When we take 10% down, fix rate than a cover for the down payment is:
cover for the down payment :
\(\text{Cover for the down payment}=\text{10\%}\times\text{Cost of House}\\\\\text{Cover for the down payment}=\dfrac{10}{100} \times\$276,650\\\\\text{Cover for the down payment}=\$27,665.\)
And, here monthly income is $4,475
So, the mortgage will be :
\(\text{Mortgage}=30\%\times\$4,475\\\\\text{Mortgage}= \$1,342.50.\)
So, by the balance of the mortgage is:
\(\$276,650 - \$27,665= \$248,985.\)
Hence, the total monthly repayment is:
Total monthly repayment:
\(\$248,985\times\dfrac{0.05}{12}+\dfrac{348985}{30\times12}\\\\=\$1729.08.\)
Therefore, option D is correct.
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A(n) _____ identifies how you feel about an activity or subject.
Answers
Answer:
Survey
it questions and identifies how you feel about an activity or subject.
Answer: interest theory
took it on edg.
NIKE, Incorporated, is the best-known sports shoe, apparel, and equipment company in the world because of its association with athletes such as LeBron James, Brooks Koepka, and Bianca Andreescu. Some of the items included in its recent statement of cash flows presented using the indirect method are listed here. Indicate whether each item is disclosed in the operating activities, investing activities, or financing activities section of the statement or use (NA) if the item does not appear on the statement. 1. Additions to long-term debt. 2. Depreciation. 3. Additions to equipment. 4. Increase (decrease) in notes payable. (The amount is owed to financial institutions.) 5. (Increase) decrease in other current assets. 6. Cash received from disposal of equipment. 7. Reductions in long-term debt. 8. Issuance of stock 9. (Increase) decrease in inventory. 10. Net income.
Answers
Classifying each item in the statement of cash flows, we get : 1. Financing Activities 2. Operating Activities 3. Investing Activities 4. Financing Activities 5. Operating Activities 6. Investing Activities 7. Financing Activities 8. Financing Activities 9. Operating Activities 10. Operating Activities
1. Additions to long-term debt - Financing activities
This item refers to the borrowing of funds by Nike, which would be classified under financing activities on the statement of cash flows. Additions to long-term debt represent an inflow of cash and would be listed as a positive figure in the financing activities section.
2. Depreciation - Operating activities
Depreciation is a non-cash expense that represents the wear and tear on Nike's assets over time. As such, it is included in the operating activities section of the statement of cash flows. It is added back to net income in order to reconcile net income with cash flow from operating activities.
3. Additions to equipment - Investing activities
Additions to equipment, which refers to purchases of new property, plant, and equipment, are classified as investing activities on the statement of cash flows. This is because they represent cash outflows related to the acquisition of long-term assets.
4. Increase (decrease) in notes payable - Operating activities
The increase or decrease in notes payable, which represents amounts owed to financial institutions, is classified as an operating activity on the statement of cash flows. This is because it reflects changes in the cash flow resulting from the company's day-to-day operations.
5. (Increase) decrease in other current assets - Operating activities
Changes in other current assets, such as prepaid expenses or deferred charges, are also classified as operating activities on the statement of cash flows.
These items reflect changes in the company's short-term cash position and are closely tied to the company's day-to-day operations.
6. Cash received from disposal of equipment - Investing activities
When Nike sells equipment or other long-term assets, the cash proceeds from the sale are classified as investing activities on the statement of cash flows. This is because they represent a cash inflow resulting from the disposal of a long-term asset.
7. Reductions in long-term debt - Financing activities
Reductions in long-term debt are classified as financing activities on the statement of cash flows. This is because they represent cash outflows related to the repayment of long-term liabilities.
8. Issuance of stock - Financing activities
When Nike issues new stock, the cash proceeds from the sale are classified as financing activities on the statement of cash flows. This is because the issuance of new equity represents a cash inflow to the company.
9. (Increase) decrease in inventory - Operating activities
Changes in inventory levels are classified as operating activities on the statement of cash flows. This is because inventory is a current asset that is closely tied to the company's day-to-day operations.
10. Net income - Operating activities
Net income, which represents Nike's earnings after all expenses have been subtracted from revenues, is the starting point for the statement of cash flows. Net income is included in the operating activities section of the statement and is adjusted for non-cash items, such as depreciation, to arrive at cash flow from operating activities.
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.
Explain to NT the reasons why NGO's and CBO'S form part of the market
environment.
Answers
Answer:
Explanation:
As a result, NGOs can interface easier with the sector and generally have more access to information and resources, while CBOs are formed by people as a way of responding to the needs and challenges facing their communities. However, in some instances it is the CBOs that do the work the NGOs receive funding for
The reason for NGO and CBOS for part of the market environment should be explained below.
Reasons:Since NGOs could interface easier along with the sector and normally have more access to information and resources, while on the othe rhand CBOs are created by people this represent responding to the needs and challenges that are faced by the communities. But, in some situations, it is the CBOs that do the work the NGOs collecting the funding.
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How to address an envelope to a person at a company.
Answers
Answer:
the first line should be the company's name. In the next line, follow "ATTN:" or "c/o" with the individual's name.
Explanation:
f the letter is not to someone at a specific business, the first line should simply be their name.
What term best describes when an entertainment product does not offer a realistic view or possible outcome
Answers
The term that best describes when an entertainment product does not offer a realistic view or possible outcome is "fantasy."
This term is often used to describe works of fiction that involve elements that are not possible in the real world, such as magic or mythical creatures. In the context of entertainment, fantasy can refer to any type of media, including movies, TV shows, books, and video games.
Historical fiction is a branch of fiction that deals with historical plots, characters, and settings. Not every detail in a work of historical fiction is true, but the work as a whole is a branch of the genre (realistic) 1. Authors generally use this genre to depict historical events in (a relatively fresh light) 2.
The genre of literature known as "historical fiction" is characterized by its focus on historical events, characters, and settings. It is a realistic genre, as it aims to depict historical events in a way that is true to the historical context but may not necessarily be completely accurate in terms of every detail.
Authors use this genre to present historical events in a relatively fresh light, which means they may offer a new perspective or interpretation of the events while staying true to the historical context. This allows readers to gain a deeper understanding and appreciation of the past.
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active/passive she is watering the plants
Answers
Answer:
active
Explanation:
she "is" means she is currently watering the plants. if it was passive it would have been like this, "she watered the plants".
The barber of Town shaves all men living in the town. No man living in the town is allowed to shave himself. The barber lives in that town. Who then shaves the barber of the town?
Answers
Answer:
or another man cus u said no man can do it himself so that must mean every other man is a barber right???
Explanation:
rekya mart inc. is a general merchandise retail company that began operations on january 1, year 1. the following transactions relate to debt investments acquired by rekya mart inc., which has a fiscal year ending on december 31: year 1 apr. 1 purchased $90,000 of smoke bay 6%, 10-year bonds at their face amount plus accrued interest of $900. the bonds pay interest semiannually on february 1 and august 1. may 16 purchased $42,000 of geotherma co. 4%, 12-year bonds at their face amount plus accrued interest of $70. the bonds pay interest semiannually on may 1 and november 1. aug. 1 received semiannual interest on the smoke bay bonds. sept. 1 sold $12,000 of smoke bay bonds at 101 plus accrued interest of $60. nov. 1 received semiannual interest on the geotherma co. bonds. dec. 31 accrued $1,950 interest on the smoke bay bonds. dec. 31 accrued $280 interest on the geotherma co. bonds. year 2 feb. 1 received semiannual interest on the smoke bay bonds. may 1 received semiannual interest on the geotherma co. bonds. required: 1. journalize the entries to record these transactions. for a compound transaction, if an amount box does not require an entry, leave it blank.
Answers
The journal entries to record the debt investment transactions for Rekya Mart Inc. are as follows:
Journal Entries:April 1: Debit Investment in Bonds (Smoke Bay) $90,000
Debit Interest Receivable $900
Credit Cash $90,900
(To record the purchase of 6%, 10-year bonds.)
May 16: Debit Bonds Receivable (Geotherma Co.) $42,000
Debit Interest Receivable $70
Credit Cash $42,070
(To record the purchase of 4%, 12-year bonds.)
August 1: Debit Cash $2,700
Credit Interest Receivable $900
Credit Interest Revenue $1,800
(To record the receipt of semiannual interest.)
September 1: Debit Cash $12,180
Credit Investment in Bonds (Smoke Bay) $12,000
Credit Interest Revenue $60
Credit Bonds Premium $120
(To record the sale of bonds at 101, including accrued interest.)
November 1: Debit Cash $840
Credit Interest Receivable $70
Credit Interest Revenue $770
(To record the receipt of semiannual interest.)
December 31: Debit Interest Receivable $1,950
Credit Interest Revenue $1,950
(To accrue interest on bonds.)
December 31: Debit Interest Receivable $280
Credit Interest Revenue $280
(To accrue interest on bonds.)
Year 2:
February 1: Debit Cash 2,340
Credit Interest Receivable $1,950
Credit Interest Revenue $390
(To record the receipt of semiannual interest.)
May 1: Debit Cash $840
Credit Interest Receivable $280
Credit Interest Revenue $560
(To record the receipt of semiannual interest.)
What are the journal entries?Journal entries are the initial records of transactions in the accounting books.
Journal entries identify the accounts involved in each transaction and the ones to be debited or credited.
Transaction Analysis:April 1: Investment in Bonds (Smoke Bay) $90,000 Interest Receivable $900 Cash $90,900 6% 10-year bonds. Feb. 1 and Aug. 1
May 16: Bonds Receivable (Geotherma Co.) $42,000 Interest Receivable $70 Cash $42,070 4% 12-year bonds May 1 November 1
August 1: Cash $2,700 Interest Receivable $900 Interest Revenue $1,800
September 1: Cash $12,180 Investment in Bonds (Smoke Bay) $12,000 Interest Revenue $60 Bonds Premium $120
November 1: Cash $840 Interest Receivable $70 Interest Revenue $770
December 31: Interest Receivable $1,950 Interest Revenue $1,950
December 31: Interest Receivable $280 Interest Revenue $280
Year 2:
February 1: Cash 2,340 Interest Receivable $1,950 Interest Revenue $390
May 1: Cash $840 Interest Receivable $280 Interest Revenue $560
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which of the following is not true regarding discrimination in labor markets? differences in effort or bargaining power across groups can lead to differences in wages across groups. groups may differ in wages, due to differences in human capital or the types of jobs held. discrimination may result in some workers being underpaid. any differences in wages between members of different racial or age groups is due to discrimination.
Answers
The statement that is not true regarding discrimination in labor markets is that any differences in wages between members of different racial or age groups are due to discrimination.
What is discrimination in labor markets? Discrimination is treating a certain group differently and denying them access to the same opportunities as others. In the labor market, discrimination is the exclusion of a group of people based on their race, age, sex, or nationality.
The following are true regarding discrimination in labor markets: Differences in effort or bargaining power across groups can lead to differences in wages across groups. Groups may differ in wages, due to differences in human capital or the types of jobs held. Discrimination may result in some workers being underpaid.
However, any differences in wages between members of different racial or age groups are not always due to discrimination. Wages may vary across different groups due to differences in education, experience, and type of job held. It is important to acknowledge that discriminatory practices still exist in the labor market, but not all differences in wages between different groups can be attributed to discrimination.
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What is the purpose of a charitable organization?
Answers
Answer:
The purpose of a charitable organization is to promote the well-being of individuals and communities by providing services, resources, and support to those in need.
An Aribraska resident who earns $32,000 would owe how much in taxes?.
Answers
An Aribraska resident who earns $32,000 would owe $1,300 in taxes.
Data and Calculations:Resident's annual earnings = $32,000
Tax Rates:Residents pay 3% on the first $15,000 of income.
The next $25,000 earned is taxed at a rate of 5%.
Any money earned above $40,000 is taxed at 7%.
The resident will pay $1,300 ($15,000 x 3% + $17,000 x 5%) in annual tax.
Thus, an Aribraska resident who earns $32,000 would owe $1,300 in taxes.
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Answer:
A
Explanation:
Is computer assembly a good job for a teenager? What is his income?
Answers
Answer:
yes if the teen educated in computer work.
no if not the person can be under.
annual income can be: $64,000
monthly pay can be: $5,333
for top earners.
75th Percentile :$48,500, $4,041
average pay-
Average: $44,053, $3,671
25th percentile-
25th Percentile $30,500 $, $2,541
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calculate the predetermined overhead rate using machine-hours as the allocation base. budgeted overhead $350,000 budgeted production 28,000 units total budgeted machine-hours 70,000 hours actual production 20,000 units standard machine-hours allowed for actual production 50,000 hours actual machine-hours used for production 52,000 hours multiple choice question. $6.73 per machine-hour $7.00 per machine-hour $5.00 per machine-hour
Answers
The predetermined overhead rate using machine-hours as the basis for allocation, based on the overhead, can be found to be C. $5.00 per machine-hour.
How to find the predetermined overhead rate?The predetermined overhead rate is a matrix that is used to determine how the overhead costs of a company, are to be allocated to the cost centers in the company.
This predetermined overhead rate comes in very handy in helping companies to track their overhead costs and the activities that are causing them.
The predetermined overhead rate in this instance, can be found by the formula:
= Budgeted overhead costs / Total budgeted machine hours
Budgeted overhead costs = $350, 000
Total budgeted machine hours = 70, 000 hours
= 350, 000 / 70, 000
= $5.00
In conclusion, the predetermined overhead rate when the machine hours of the company are used is $5.00 per machine hour.
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Joseph is trying to select a new couch for his living room. As he looks at each couch at the furniture store, he tries to visualize how it would look in his living room at home. Joseph is using _____ to help him determine which couch to buy
Answers
Joseph is using visualization to help him determine which couch to buy.
Joseph's process of visualization plays a crucial role in helping him determine which couch to buy for his living room. As he explores each couch at the furniture store, he actively engages his imagination to envision how it would look in his own living room. This mental exercise allows him to mentally place the couch within the context of his home environment, considering factors such as size, color, style, and how it complements his existing decor.
By visualizing the couch in his living room, Joseph can gauge whether it will harmonize with the overall aesthetic and layout of the space. He considers how the couch will fit in terms of dimensions, ensuring it neither overwhelms nor gets lost in the room. Joseph takes into account the color scheme, contemplating whether the couch will be a complementary or contrasting element within the existing palette.
Furthermore, visualization enables Joseph to assess the functionality and practicality of each couch. He imagines himself and his family members sitting, lounging, or entertaining on the couch, considering aspects like comfort, seating capacity, and usability. Joseph also envisions the placement of the couch, mentally arranging and rearranging furniture in his living room to find the optimal configuration.
Through this visualization process, Joseph is able to mentally project and assess the potential outcome of each couch in his living room. This aids him in making an informed decision based on his preferences, lifestyle, and the specific needs of his living space. By relying on his imaginative faculties, Joseph ensures that the chosen couch not only meets his aesthetic preferences but also seamlessly integrates into his living room, creating a cohesive and visually appealing environment.
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xavi is considering advertising his artwork in a local gallery, the cost of which is $80 per month. what would be the new annual breakeven revenue (in dollars) if he continues to sell his pieces for $15?
Answers
If he keeps selling his artwork for $15, his new yearly breakeven earnings will be $4,150.
The definition of revenue:Revenue is the total sum of funds received first from sale of goods or services essential to a company's primary activities. Revenue, often referred to as total profits or revenue, is at the bottom of the revenue sheet and is frequently referred to as the "top line."
Briefing:Total fixed cost = $700 + ($80 X 12) = $1,660
Margin of contribution = $15 - $9 Equals $6
40% is the contribution margin ratio, or $6 / $15.
Breakeven sales = $1,660 / 40%
= $4,150
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The complete question is-
Xavi sells seashore paintings, his annual Fixed Costs are $700 and the Variable Costs are $9 per canvas. The Market Size for the souvenir paintings in his area is 2,800 canvases, and Xavi wants to achieve a Market Share of 8%.
Xavi is considering advertising his artwork in a local gallery, the cost of which is $80 per month. What would be the new annual break-even revenue (in dollars) if he continues to sell his pieces for $15?
Kari needs to change the brightness and contrast on an image she has inserted into a word document. Which group should she use to do this?
Answers
1-Elmer invested, P250,000- cash in his new business.
analysis
debit is -
credit is -
Answers
Answer:
debit is P250,000
credit is 0
Explanation:
hope it helps:)
So I have this thing that says that the earliest “wavier period” is October 24th which Is today so would that mean I still have time to turn it in to day?
Answers
What are two things a good investment might do?
Answers
Answer: With a good investment there should be very little chance of losing the total amount invested. Good investment ideas will hold their value or increase in value for a long time. The way any investment product is structured and regulated should offer investors protection.
Explanation:
Good investment must contain
Long term planPast records The fund where you invest must have good past records of benifit.If it has Andy fraud records of misleading money you shouldn't invest thereAlso the growth rate must be measured for long term interest and benifits