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Olenka
1 month ago
13

Why is using cash unhelpful when a person wants to apply for a loan in the near future?

Business
1 answer:
stepan [3K]1 month ago
7 0
Using cash is counterproductive and disadvantageous because relying solely on it leads to a lack of credit history, making it difficult for banks to assess your reliability for loan repayment.

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Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 100 units at $60 per unit.
marusya05 [3091]
a. Using FIFO, the Cost of Goods Sold (COGS) is $17,640, while the Ending Inventory equals $12,960. b. Under LIFO, COGS totals $19,160, while the Ending Inventory is $11,440. c. The Weighted Average COGS is $18,360, and the Weighted Ending Inventory is $12,240. For Cortez Company, the inventory particulars include initial stock of 100 units from $60/unit amounting to $6,000, first batch purchase of 150 units at $68 each totaling $10,200, and a second batch of 200 units at $72 each totaling $14,400, culminating in a total of 450 units valued at $30,600. Queries about how COGS and Ending Inventory figures manifest under various methods (FIFO, LIFO, and Weighted Average) can be addressed based on those computations.
7 0
16 days ago
A consumer makes purchases of an existing product X such that the marginal utility is 10 and the price is $5. The consumer also
stepan [3001]

Answer:

To maximize utility, the consumption of product Y should be increased while reducing the intake of product X.

Explanation:

The utility-maximizing principle asserts that a consumer optimizes utility when the marginal utility per dollar spent is equal for both products.

For Product X, the marginal utility per dollar is:

\frac{MU_X}{P_X}=\frac{10}{5}

= 2 utils per dollar

For Product Y, the marginal utility per dollar is:

\frac{MU_Y}{P_Y}=\frac{8}{1}

= 8 utils per dollar

According to this principle, the consumer should increase the consumption of product Y and decrease that of product X.

4 0
1 month ago
During 2009, a particular country's inflation rate averaged 1.3% a day. This means that on average, prices went up by about 1.3%
soldi70 [3139]
<span>For 29 days with 1.3% inflation. Convert to the relative increase: (1+0.013) = 1.013. Calculating (1.013)^29 -1 results in a change of 45.43% (due to compounding). Rounded, that’s 45%.</span>
4 0
26 days ago
Lupe's recorded balance was off by $43, and she thinks that it’s because she made a mistake in her records. What mistakes did sh
harina [3203]

Lupe made an error by recording her paycheck incorrectly in a column. She also neglected to log one of her expenses.

I'm working on this task now too lol

7 0
1 month ago
Read 2 more answers
A parent holding company sells shares in its subsidiary such that the parent now owns only 65% of the subsidiary and, thus, the
soldi70 [3139]

Answer:

la opción correcta es a) 10.2%; $2,245,000

Explanation:

dada la información

Dividendo bruto = $2,500,000

tasa impositiva = 34%

dividendos intercompañía = 70%

para determinar

tasa impositiva efectiva y dividendos netos

solución

Tasa impositiva efectiva = (1 - Exclusión) × (Tasa impositiva)............1

Tasa impositiva efectiva =  (1 – 0.70) × (0.34)  

Tasa impositiva efectiva = 10.2 %

y

dividendos netos = Dividendos brutos - Impuesto..................2

dividendos netos = $2,500,000 - [ $2,500,000 (1 – 0.70)×(0.34)  ]

dividendos netos = $2,500,000 – $255,000

dividendos netos = $2,245,000

por lo tanto, la opción correcta es a) 10.2%; $2,245,000

7 0
24 days ago
Read 2 more answers
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