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2 years ago

Which individual is acting most like a consumer

Business

1 answer:

victus00 [196]2 years ago

8 0

Answer:

a person who hires a mechanic to fix their car

Explanation:

In business, consumers refer to the group of people who purchase either goods or services from another people,

Let's examine the options one by one

- a person whose job is selling goods at a market

Clearly the seller. This person does not purchase the goods. He/She sells it.

- a person who hires a mechanic to fix their car

<u>This person is qualified as a consumer. He/she purchase a service from another person (the mechanic)</u>

- a person eats a meal from vegetables grown in their garden

This person is qualified as a producer since he/she produce the vegetables, not purchasing it from other people

- a person sells their old television to a friend

Sam reason as the first option

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On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for G

artcher [175]

Answer:

1. $3,000,000

2. Liability $1,996,041

Asset$2,500,000

Explanation:

1. Calculation to Determine the present value of the lease payments at June 30, 2021

Present value of lease payments will be calculated as : $562,907 × 5.32948

(Present value of an annuity due of $1:

n = 6, i = 5% is 5.32948)

Present value of lease payments = $3,000,000

Therefore the Present value of lease payments will be $3,000,000

2. Calculation to Determine the pretax amounts related to the lease that Georgia-Atlantic would report in its balance sheet at December 31, 2021

Liability at December 31, 2021

Initial balance, June 30, 2021 3,000,000

June 30, 2021 Reduction(562,907)

Dec. 31, 2021 reduction (441052)

[562,907-(3,000,000-562,907)*5%]

December 31, 2021 NET LIABILITY $1,996,041

ASSETS at December 31, 2021

Initial balance, June 30, 2021 3,000,000

Accumulated depreciation at Dec. 31, 2021 (500,000)

(3000000/3*1/2)

December 31, 2021 ASSETS $2,500,000

Therefore the pretax amounts related to the lease that Georgia-Atlantic would report in its balance sheet at December 31, 2021 will be : Liability $1,996,041

Asset$2,500,000

3 0

2 years ago

Xavier Co. wants to purchase a machine for $37,000 with a four year life and a $1,000 salvage value. Xavier requires an 8% retur

Nookie1986 [14]

The machine's net present value is $3,481. The net present value is a method of calculating the present value of return of an investment either in capital purchases or projects. The net present value amount is acquired by subtracting the $ 37,000 initial investment from the net present value of $12,000 net cash flow for four years plus the present value of $1000 salvage value at the end of the 4th year.

Net Present Value = Present value of net cash flow + Present value of salvage value - Initial investment

$3,481 = $39,746 + $735 - $37,000

7 0

2 years ago

Read 2 more answers

ChowMein Company is the exclusive Montana distributor of lawn mowers for a small manufacturing company. It sells only one model

frozen [14]

Answer:

ChowMein Company

a. Monthly break-even point in sales dollars = Fixed Costs/Contribution margin

= $2,000/50%

= $4,000

b. Monthly break-even point in units = Fixed Costs/Contribution per unit

= $2,000/$300

= 6.67 or simply 7 units

c. Monthly income for April:

Sales ($600 * 15) = $9,000

Variable cost ($300 * 15) = $4,500

Contribution = $4,500

Fixed Costs = $2,000

Income = $2,500

d. Monthly income for May:

Sales ($600 * 20) = $12,000

Variable cost ($300 * 20) = $6,000

Contribution = $6,000

Fixed Costs = $2,000

Income = $4,000

e. Margin of Safety for April:

Sales in April minus Break-even Sales

= $9,000 - $4,000

= $5,000

Explanation:

Data and Calculations:

Unit selling price = $600

Unit variable costs = $300 ($250 + 50)

Unit Contribution = $300

Contribution margin = 50% ($300/$600 * 100)

Fixed Costs = $2,000

April sales = 15

May sales = 20

4 0

2 years ago

Jupiter Satellite Corporation earned $29 million for the fiscal year ending yesterday. The firm also paid out 30 percent of its

Arturiano [62]

Answer:

11.13%

Explanation:

Calculation to determine the required rate of return on the stock

Using this formula

Required rate of return=Last EPS*Payout*(1+RoE*(1-payout rate))/Current Price+RoE*(1-payout rate)

Let plug in the formula

Required rate of return=29/2.6*30%*(1+11%*(1-30%))/105+11%*(1-30%)

Required rate of return=11.13%

Therefore the required rate of return on the stock will be 11.13%

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2 years ago

Soda bubbles corporation makes and sells soft drinks. talia buys and drinks a soda beverage, which proves defective and injures

lubasha [3.4K]

Your answer should be A

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2 years ago