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18 days ago

In a economy, it is harder to find sponsors willing to pay for premium sponsorship opportunities

1 answer:

6 0

the answer that is correct is a) Fast. The reasoning behind this can be guessed quite easily. Primarily, individuals tend to be risk-averse when it comes to valuing their money, which means they generally avoid taking risks. Even though opportunities that promise higher profits, increased visibility, or greater monetary rewards seem enticing initially, they inherently come with unavoidable risks, and there is always a possibility that such opportunities may not yield the expected outcomes. That being said, raising funds rapidly becomes a challenging task.

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Brooks Brothers bought a suit that has a list price of $1,219, with a chain discount of 7/4/2. What is the net price of the suit

Mariulka [3175]

A chain discount structured as 7 / 4 / 2 indicates an initial discount of 7%, followed by a 4% discount, and finally a 2% discount.
Net Price = Original Price x Net Price Factor
Net Price Factor = ( 1 - 0.07 ) * ( 1 - 0.04 ) * ( 1 - 0.02 ) =
= 0.93 * 0.96 * 0.98 = 0.874994
Net Price = $1,219 * 0.874944 = $1,066.56

4 0

12 days ago

If a concession stand received $5,550 in gameday sales, and its profit for the event was $3,330, what were the expenses?

Mariulka [3175]

Response: $1,110.

Explanation:

Data Provided: Revenue from concession stand sales on game day = $5,550

That is to say, Gross income = $5,550

Event profit = $3,330

Thus, Net income = $3,330

Using the Net income formula:

Gross income - expenses = Net income

Therefore, Expenses = Gross income - Net income

Thus, Expenses = $5,550 - $3,330

Thus, Expenses total $1,110.

3 0

1 month ago

On October 29, 2017, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The ra

Scilla [3249]

Answer:

a. Nov 11, 2017

Dr Cash $4,900

Cr Sales $4,900

Nov 30, 2017

Dr Warranty Expense $294

Cr Estimated Warranty Liabilities $294

Dec 9, 2017

Dr Estimated Warranty Liabilities $196

Cr Cash $196

Dec 16, 2017

Dr Cash $14,700

Cr Sales $14,700

Dec 29, 2017

Dr Estimated Warranty Liabilities $392

Cr Cash $392

Dec 31, 2017

Dr Warranty Expense $882

Cr Estimated Warranty Liabilities $882

b. Jan 5, 2018

Dr Cash $9,800

Cr Sales $9,800

Jan 17, 2018

Dr Estimated Warranty Liabilities $462

Cr Cash $462

Dec 31, 2018

Dr Warranty Expense $588

Cr Cash $588

Explanation:

a. Preparation of the journal entries to record the transactions and adjustments for 2017

Nov 11, 2017

Dr Cash $4,900

Cr Sales $4,900

(This records the sale of razors for cash)

Nov 30, 2017

Dr Warranty Expense $294

Cr Estimated Warranty Liabilities $294

($4,900*6%)

(This records the warranty expense)

Dec 9, 2017

Dr Estimated Warranty Liabilities $196

Cr Cash $196

(14 razors*14)

(This represents the replacement of 14 razors)

Dec 16, 2017

Dr Cash $14,700

Cr Sales $14,700

(This records the cash sale of razors)

Dec 29, 2017

Dr Estimated Warranty Liabilities $392

Cr Cash $392

(28 razors*14)

(This represents the replacement of 28 razors)

Dec 31, 2017

Dr Warranty Expense $882

Cr Estimated Warranty Liabilities $882

($14,700*6%)

(This records warranty expense)

b. Preparation of journal entries to reflect the transactions and adjustments for 2018

Jan 5, 2018

Dr Cash $9,800

Cr Sales $9,800

(This records razors sold for cash)

Jan 17, 2018

Dr Estimated Warranty Liabilities $462

Cr Cash $462

(33 razors*14)

(This indicates the replacement of 33 razors)

Dec 31, 2018

Dr Warranty Expense $588

Cr Cash

(6%*$9,800) $588

(This indicates the recording of warranty expense)

5 0

21 day ago

You want to save sufficient funds to generate an annual cash flow of $55,000 a year for 25 years as retirement income. You curre

arsen [2965]

Answer:

The total required amount is $7,056.46

Explanation:

Given the following details:

You aim to accumulate enough savings to produce an annual cash flow of $55,000 for 25 years during retirement. How much should you save each year, assuming a return of 7.5 percent on your savings?

Final value = 55,000 * 25 = 1,375,000

Using the formula: FV = {A*[(1+i)^n-1]}/i

A represents the annual contribution.

To isolate A:

A = (FV*i)/{[(1+i)^n]-1}

A = (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46

5 0

28 days ago

Harry and Meghan have considered starting their own business but are concerned about the possibility of losing even their person

stepan [3001]

Response:

La opción correcta es D, formar una corporación.

Justificación:

Elegí esta respuesta porque la responsabilidad limitada se aplica a una corporación, que se diferencia de otros tipos de negocios.

El concepto de responsabilidad limitada significa que los accionistas en una compañía de responsabilidad limitada solo son responsables hasta el monto que han aportado a través de las acciones que poseen.

Si la empresa incurre en deudas, no se les pedirá a los accionistas que cubran estas deudas con su propio dinero, lo que protege los bienes personales de Harry y Meghan.

4 0

28 days ago