According to the​ Break-Even EBIT​ analysis, shareholders are​ ____ off with debt when EBIT is​ _____ the​ Break-Even EBIT level

Response:

The right choice is option "D": A uniform method to present the essential elements of your credit card contract.

Clarification:

Named after Senator Charles Schumer (born in 1950), the Schumer box is a part of the mandatory disclosure details that financial institutions must provide to borrowers, ensuring they understand the applicable interest rates and fees associated with credit card usage. Typically, this box appears on credit card statements but is also required in any credit card marketing materials.

Answer:

Costs associated with stockouts increase

While carrying costs decline

Explanation:

The implementation of just-in-time (JIT) leads to a reduction in overall inventory levels and an increase in the frequency of deliveries from suppliers.

With the company retaining fewer materials and components, there is a greater likelihood of experiencing stockouts, which results in escalated stockout costs.

As the overall inventory decreases, it follows that carrying costs will correspondingly diminish.

Response:

Sept. 1

Merchandise $8,000 (debit)

Accounts Payable $8,000 (credit)

Merchandise acquired on credit

Sept. 3

Accounts Payable $1,000 (debit)

Merchandise $1,000 (credit)

Returned Merchandise to Vendors

Sept. 7

Merchandise $1,500 (debit)

Accounts Payable $1,500 (credit)

Merchandise obtained on credit

Sept. 14

Accounts Payable $1,500 (debit)

Cash $1,470 (credit)

Discount obtained $30 (credit)

Settling amounts owed and acknowledging cash discount

Sept. 20

Accounts Payable $7,000 (debit)

Cash (credit)

Settlements for amounts owed

Clarification:

Journal entries along with their descriptions are outlined above.