"How does filing bankruptcy limit your quality of life?

Answers

Answer 1

Answer: Here are some reasons why filing bankruptcy will limit your quality of your lives :

- Bankruptcy will ruin your credit score
- I will potentially make you loss your property
- It will make it nearly impossible for you to get a mortgage

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When Sheila arrived at the gym on Tuesday morning, she noticed the musty odor of the showers in the locker room. As she finished changing, she did not notice the smell. This is probably the result of:
Colin told the management team that their Ohio-based company should produce the textiles for the new line of jackets in China because it would allow them to price the clothing line lower, which would then give consumers more money to spend on other items. Colin is making an argument for ______.
Case Studie:Yell PLC is a telephone directory company who are looking to grow their business by buying more equipment and taking over a rival. The company currently have £4.5 million in retained profit but in two years’ time should have an extra £1 million. Yell PLC operates in a competitive market. They currently have 1 year to pay off their existing loan which they’re paying back in 12 equal instalments with interest. Yell PLC hope to please their shareholders by paying a significant dividend.Question:1.d.). Yell PLC wants to grow its business and need to raise money to help pay for more equipment and the £5millon needed to complete a takeover. Recommend if they should use retained profit or issue more shares (9 marks)

What is the maximum percentage of net spendable income that should be set aside for transportationa. 15%
b. 25%
c. 30%
d. 20%

Answers

The spending percentageguidelines are the ideal percentage a person can spend when he or she receivehis or her salary or income. Note that this is not the actual salary spent in aperson. It is merely a suggestion on how to spend the salary or income. Themaximum percentage of net spendable income that should be set aside fortransportation is up to 15%. The answer is letter A. the rest of the percentagedoes not match any of the supposed to be expenses. Up to 32% of the income, itis spent for housing. And up to 11% of the income is spent for food.

The minimum is 15% and the maximum is 20%

Consider the following information about a business Diane opened last year: price = $15, quantity sold = 25,000; implicit cost = $155,000; explicit cost = $260,000. What was Diane's economic profit? What was Diane’s accounting profit? Show your work!!

Answers

Answer:

Economic profit = $-40,000

Accounting profit = $115,000

Explanation:

Accounting profit is total revenue less total cost or explicit cost.

Accounting profit = Total revenue - Total cost

Total revenue = 25,000 x $15 = $375,000

Total cost = $260,000

Accounting profit = $375,000 - $260,000 = $115,000

Economic profit is accounting profit less implicit cost or opportunity cost

Economic profit = Accounting profit -Implicit cost

= $115,000 - $155,000 = $-40,000

I hope my answer helps you

Answer:

Accounting Profit = $115.000 and Economic Profit= -40.000

Explanation:

Accounting profit is the monetary costs a firm pays out and the revenue a firm receives.

Accounting Profit = Total Revenues - Explicit Costs

Accounting Profit = ($15 x 25000) -$260,000=375.000-$260,000

Accounting Profit = $115.000

Economic profit is the difference between the total revenue received by a business and the total explicit and implicit costs for a firm.

Economic Profit = Accounting Profit - Implicit Cost

Economic Profit= $115.000 -$155,000

Economic Profit= -40.000

Wright Corporation had the following information available for December of the current year:Work in process, December 1 $20,000 Materials placed into production, December 27,500 Direct labor, December 37,500 Plantwide overhead rate is 150% of direct labor costs. Job cost sheets had the following balances: Job Z1 $32,500 Job Z2 55,000 Job Z3 35,000 Job Z4 18,750 Jobs Z3 and Z4 were not completed at the end of December. What is the balance in work-in process for Wright at the end of December?Select one:a. $85,000
b. $87,500
c. $56,250
d. $53,750

Answers

Answer:

d. $53,750

Explanation:

Balance in work-in process = Cost of Job Z3 + Cot of Job Z4

= 35000 + 18750

= $53,750

Therefore, The balance in work-in process for Wright at the end of December is $53,750.

the answer is d . $53,750

Daryl would like to open new checking and savings accounts. One of his primary concerns is avoiding bank fees. Which type of banking institution is most suitable for Daryl?

Answers

I found the same question but it had choices. The choices were:
a) retail bank
b) commercial bank
c) savings and loans
d) credit union

The type of banking institution that is most suitable for Daryl is CREDIT UNION.

Credit Union is defined as a member-owned financial cooperative. They offer banking services but these are offered to their members. They grant loans and interest paid on those loans are also given to member-owners as dividends.

Daryl will not only earn interest from his checking and savings accounts, he will also earn dividends. Any bank fees issued by the cooperative will be returned to them in the form of dividends.

Which market do consumers benefit the most from?a. perfect competition
b. monopolistic competition
c. monopoly
d. oligopoly

Answers

a. perfect competition

A salesperson receives a 5% commission on his/her total sales. They sell $1,500.00 worth of merchandise. How much commission did he/she receive?

Answers

Answer:

$75

Explanation:

Given that

Sale value of merchandise = $1,500

Commission received = 5% of total sales

By considering the above information

The commission received would be

= Sale value of merchandise × received commission percentage

= $1,500 × 5%

= $75

Since the commission is based on the sale value of merchandise, so we take the same to find out the actual value.

Final answer:

The salesperson would receive a commission of $75.00, which is calculated by multiplying the total sales of $1,500.00 by the commission rate of 5%, converted to a decimal (0.05).

Explanation:

To find the commission received by a salesperson, you first need to convert the commission rate from a percentage to a decimal. In this case, the commission rate of 5% would be converted to 0.05. Next, multiply the total sales amount by the decimal commission rate. So, for this scenario:

Total Sales = $1,500.00

Commission Rate (in decimal) = 0.05

Now, calculate the commission:

Commission = Total Sales × Commission Rate

Commission = $1,500.00 × 0.05

Commission = $75.00

Thus, the salesperson's commission would be $75.00.

Learn more about calculating commission here:

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