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nadezda [96]
1 year ago
14

Shondra’s family’s monthly net income is $6,654. The family’s budget is shown in the circle graph below. The family decides to i

ncrease the savings budget by 3 percent by decreasing one of the variable expenses by 3 percent. A circle graph titled Family Budget. Housing is 30 percent, Food is 27 percent, Savings is 10 percent, Transportation is 12 percent, medical is 7 percent, clothing is 10 percent, emergency fund is 4 percent. If the family decreases the clothing budget by 3 percent, what amount will it have to spend on clothing? Round to the nearest dollar. $266 $466 $645 $665
Business
1 answer:
Serga [27]1 year ago
5 0

Answer:

B. $466

Explanation:

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A firm has sales of $215,600, costs of $124,800, interest paid of $3,600, and depreciation of $11,400. the tax rate is 34 percen
Tju [1.3M]

Cash Coverage ratio indicates if a firm has enough cash to pay of its interest expenses. The ideal ratio to be maintained by a firm is 1:1. This can be given by the following formula:

Cash Coverage Ratio=\frac{Earnings before Interest and Tax+Depreciation }{Interest Expense}

Cash Coverage Ratio=\frac{215600-124800+11400}{3600}

Cash Coverage Ratio=28.38

Assumption: Cost includes Depreciation, thus depreciation is added back, To find Cash Profits before Interest and Taxes.


6 0
2 years ago
Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive
Tatiana [17]

Please find full question attached

Answer:

Inferential statistics

Descriptive statistics

inferential statistics

descriptive statistics

Descriptive statistics

Inferential statistics

Explanation:

Descriptive statistics describes data and gives us a picture of what the data summary looks like using such things as mean and central tendency measures. Inferential statistics on the other hand aims to make predictions using the data based on data analysis such as collecting sample from population and constructing hypotheses to estimate outcomes for the general population. Example in the question, the first is inferential statistics as we make generalized predictions on batteries using data samples from the population of batteries of a particular type.

7 0
1 year ago
If a company pays dividends on a stock, does that mean that the stock has appreciated in value? Why or why not?
PolarNik [594]

Dividend is the amount of share in the earnings paid by the company to its shareholders for their investment in the company. So dividend is paid out of the earnings made by the company and it has no relation with the increase or decrease in the value of the stock.

Hence, If a company pays dividends on a stock, it does not mean that the stock has appreciated in value.


4 0
2 years ago
Read 2 more answers
In spring 2014, Parmac Engineering Company signed a $160 million contract with the city of Parkersburg, to construct a new city
xz_007 [3.2K]

Answer:

c. $64 million

Explanation:

For computing the revenue recognized, first we have to determine the percentage which is shown below:

= Cost incurred in 2014 ÷ expenses incurred

= $48 million ÷ $120 million

= 40%

And, the contract price is $160 million

So, the revenue recognized would be

= Contract price × percentage

= $160 million × 40%

= $64 million

8 0
2 years ago
Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman'
n200080 [17]

Answer:

Option C) Littman's $179 expense will be greater than $100,000

Explanation:

Data:

Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000

From the options, In order to minimize depression, Littman's $179 expense will be greater than $100,000. This will come from the profit loss reconciliation. Hence option C will be the correct option in this case.

4 0
1 year ago
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