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2 years ago

Which statement best describes the role of a credit agency?

Business

1 answer:

tekilochka [14]2 years ago

3 0

Answer:

The statement best describes the role of a credit agency is "It tracks the use of credit for lenders"

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Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 340,000 Variable expenses 170,000 Con

djyliett [7]

Answer:

$204,000

Explanation:

Given that,

Total Sales = $ 340,000

Variable expenses = $170,000

Contribution margin = $170,000

Fixed expenses = $108,000

Net operating income = $ 62,000

Contribution margin ratio:

= Contribution margin ÷ Sales

= $170,000 ÷ $ 340,000

= 0.5 or 50%

If sales volume increases by 30%,

Revised sales:

= Total sales + 20% of Total sales

= $340,000 + (0.2 × $340,000)

= $340,000 + $68,000

= $408,000

Revised contribution margin:

= Revised sales × Contribution margin ratio

= $408,000 × 50%

= $204,000

4 0

1 year ago

Now that he is employed, martin wants to start making plans to purchase a new home. martin's plan to save up for a down payment

Effectus [21]

Answer: Medium-term goals

Personal finance goals can be classified as follows, based on time.

Short term goals : refers to the amount of money one needs to earn and save in order to meet the financial needs within the next one year.
Medium term goals : refer to the amount of money a person will need anywhere between one and five years from now. This might include a down payment for a car, a down payment for a house, planning for a long vacation etc.
Long-term goals: are aimed to cater to financial requirements in the distant future (greater than five years). This may include retirement planning, university fees for children etc.

4 0

1 year ago

Kerry Cottage carries authentic Irish gifts and clothing. The company uses a good deal of television advertising and sales promo

ki77a [65]

Answer: the strategy is called pull.

Explanation:

The primary difference between push and pull marketing lies in how consumers are approached. In push marketing, the idea is to promote products by pushing them onto people. On the other hand, in pull marketing, the idea is to establish loyalty drawing consumers to the products with advertising and sales promotion activities.

7 0

1 year ago

Wehrs Corporation has received a request for a special order of 8,600 units of product K19 for $45.50 each. The normal selling p

disa [49]

Answer:

Increase in the net income=$ 89,160

Explanation:

The amount of the financial advantage or disadvantage would be determined as follows:

Unit variable cost of order = 16.30 + 5.60+ 2.80+5.20 = 29.9

Sales from special order) ($45.50× 8,600) 391300

Variable cost of special order ($29.9× 8,600) <u> 257,140 </u>

Contribution from special order 134,160

Cost of special machine <u>(45,000) </u>

Increase in contribution 89,160

Increase in the net income=$ 89,160

Note the fixed manufacturing overhead is irrelevant, they are cost that would be incurred whether or not the order is accepted

3 0

2 years ago

It is known from past information that the probability of failing to finish an Ironman (called a DNF) is 15%. Suppose we take a

Kamila [148]

The answer is D I think

8 0

2 years ago