when compared to other financial institutions, one advantage a credit union may have is: question 12 options: credit cards. interest-bearing checking accounts. flexible-rate loans variable-rate savings plans lower loan rates.
Answers
Credit unions and banks provide money market accounts, which offer the features and benefits of both checking and savings accounts.
What does a typical initial credit card credit limit look like?First-time credit card users typically have low credit limits. For a first credit or debit card, a loan amount of $500 to $1,000 is typical; but, if you have, for example, a record of on-time transportation fee on your credit report, your credit limit may be greater.
Is acquiring a credit card worthwhile if you never use it?Yes. Those active credit card accounts will probably have a beneficial effect on your credit ratings as long as you keep making all of your payments on time and take care not to overextend yourself.
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Related Questions
Bernie has decided to purchase a new car with a list price of $18,575. Sales tax in Bernie’s state is 7. 40%, and he will be responsible for a $795 vehicle registration fee and a $110 documentation fee. Bernie plans to trade in his existing car, a 1999 Buick Riviera in good condition, and finance the rest of the cost for five years at an interest rate of 12. 77%, compounded monthly. Assuming that the dealer gives Bernie the listed trade-in price for his car, what will his monthly payment be? Round all dollar values to the nearest cent.
Answers
Monthly payment = Total cost × (interest rate ÷ 12) ÷ (1 - (1 + (interest rate ÷ 12))^(-number of payments))= $18,854.30 × (12.77% ÷ 12) ÷ (1 - (1 + (12.77% ÷ 12))^(-60))= $410.89 . Therefore, Bernie’s monthly payment will be $410.89.
Bernie has decided to purchase a new car with a list price of $18,575. Sales tax in Bernie’s state is 7.40%, and he will be responsible for a $795 vehicle registration fee and a $110 documentation fee. Bernie plans to trade in his existing car, a 1999 Buick Riviera in good condition, and finance the rest of the cost for five years at an interest rate of 12.77%, compounded monthly.
Assuming that the dealer gives Bernie the listed trade-in price for his car, what will his monthly payment be? Round all dollar values to the nearest cent.
Trade-in price of Buick Riviera = $2000Purchase price of the new car = $18,575Sales tax on the purchase price = 7.40% of $18,575 = $1,374.30 Vehicle registration fee = $795Documentation fee = $110Total cost = Purchase price of the new car + Sales tax + Vehicle registration fee + Documentation fee- Trade-in price of Buick Riviera= $18,575 + $1,374.30 + $795 + $110 - $2,000= $18,854.30
Total number of payments = 5 years × 12 months per year = 60Total amount of interest = (1 + (annual interest rate ÷ 12))^(number of payments) - 1= (1 + (12.77% ÷ 12))^(60) - 1= 1.363 - 1= 0.363
Monthly payment = Total cost × (interest rate ÷ 12) ÷ (1 - (1 + (interest rate ÷ 12))^(-number of payments))= $18,854.30 × (12.77% ÷ 12) ÷ (1 - (1 + (12.77% ÷ 12))^(-60))= $410.89 . Therefore, Bernie’s monthly payment will be $410.89.
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Breton Woods Standards were found to be inadequate mainly because
Answers
Answer:
A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.
Explanation:
The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.
In a fractional reserve banking system, banks Group of answer choices have to purchase gold that has the value of the deposits received. must deposit all cash from depositors with the Federal Reserve. can lend all of the deposits that are received. have to deposit all cash from depositors in their own bank vault. face the risk of not having enough cash to meet withdrawal needs.
Answers
The correct option E.
In a fractional reserve banking system, Banks face the risk of not having enough cash to meet withdrawal needs.
What is the Fractional Reserve Banking ?Fractional-reserve banking is the machine of banking running in nearly all international locations worldwide, below which banks that take deposits from the general public are required to preserve a percentage in their deposit liabilities in liquid belongings as a reserve, and are at liberty to lend the the rest to borrowers.
Bank reserves are held as coins withinside the financial institution or as balances withinside the financial institution's account on the crucial financial institution. The country's crucial financial institution determines the minimal quantity that banks need to preserve in liquid belongings, known as the "reserve requirement" or "reserve ratio". Most industrial banks preserve extra than this minimal quantity as extra reserves.
This lets in them to apply the relaxation of it to make loans and thereby basically create new cash. This offers industrial banks the electricity to immediately have an effect on the cash supply.
Therefore, the Right Option is E. In a fractional reserve banking system, banks face the risk of not having enough cash to meet withdrawal needs.
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Please Help!
1. The Pascal family: Both Mr. and Mrs. Pascal have been hired by a major employer in your town. They have been pre-approved for a loan of up to $300,000 and have enough cash to make a 20% down payment. They have steady incomes and hope to put down roots. Single family home, 3 beds and 2.5 baths.
(a) Give the URL for the home listing.
(b) Describe the home.
(c) Provide the reasons why it is a good fit.
2. The Harris family: They are a few years out of college and have been hired to teach school through the Teach for America program. Their contract is for one year. They have a little savings of about $1,200 in the bank. They are both fitness enthusiasts and love to ride bikes, play tennis and jog. Apartment with $800-$1000 monthly rent
(a) Give the URL for the home listing.
(b) Describe the home.
(c) Provide the reasons why it is a good fit.
3. The Middleburg family: They are looking to retire in your town to be closer to their grandchildren. They have $255,000 from the sale of their previous home to buy a house outright for a minimum $200,000. Mrs. Middleburg has neuropathy and may eventually need a wheelchair. Mr. Middleburg has a heart condition that needs to be monitored. Single story 3 beds, 2 bath “accessible” home. $200,000 - $250,000 range
(a) Give the URL for the home listing.
(b) Describe the home.
(c) Provide the reasons why it is a good fit.
Answers
Answer:
You should go to redfin.com and search a house that meets their needs I’m not sure if that’s the correct way to do the assignment but that’s how I did it
Explanation:
The pascal family of Mr. and Mrs. paschal have employed a major employ a man in the town. They have ales approved a loan of 300,000 and have enough cash to make a down payment.
The home listing URL is blog.hubspot.com. The home is big and located near the central business district. It is a good fit as it has all the available and necessary sites within one hour of reach. The harries family is a few years out of college and has been hired to teach in a school. They have contracts for one-year duration and have some savings of $1,200. They love to ride bikes and play tennis. Give a rent of 800-1000 USD. For them home would be a place that is far away from the downtown has cheap and affordable transportation and is not crowded. The middle burgs family is looking for retirement. The want to live close to their grandchildren. They have a $255,000 form sale and are used to wheelchairs. They need a home that is near the city and is near the medical care.Learn more about the Pascal family: Both Mr. and Mrs. Pascal have been.
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Which of the following is NOT a useful strategy when making an informed purchase?
1.Compare your option to similar products.
2.Calculate the unit price of the product.
3.Read the online reviews of the product and ask trusted friends who use it.
4.Purchase a product based on a social media influencer.
Answers
this would not be an informed purchase
If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage
Answers
The profit in percentage given the revenue and the expenses is -38.60%
What is the profit in percentage?Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.
Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.
Profit = revenue - expenses
1,000,000 - 1,386,000 = -386,000
Profit in percentage = (profit / revenue) x 100
(-386,000 / 1,000,000) x 100 = -38.6%
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which of the methods of managing resistance to change runs the risk of leaving people angry at the initiators
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The method of forcing change is the method of managing resistance
to change that runs the risk of leaving people angry at the initiators.
This method involves using coercion, threats, or other forms of pressure to push through a change without seeking input or buy-in from those affected by the change. This approach can be effective in situations where there is an urgent need for change or when resistance is particularly strong, but it also carries a high risk of negative consequences.
Forcing change can lead to resentment, mistrust, and disengagement among those affected, which can undermine the success of the change effort. As a result, it is generally recommended to use more collaborative and participatory methods of managing resistance to change, such as involving stakeholders in the change process and addressing their concerns and feedback.
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begin by selecting the formula to compute the earnings per share of common stock. earnings per share
Answers
To compute the earnings per share (EPS) of common stock, you can use the following formula:
EPS = Net Income / Weighted Average Number of Common Shares Outstanding
Here's a step-by-step explanation of the formula:
1. Start by determining the net income of the company. Net income can be found on the income statement and represents the company's total earnings after deducting expenses and taxes. 2. Next, calculate the weighted average number of common shares outstanding. This involves considering the number of common shares outstanding during different periods of time, as the number of shares can change over time due to stock issuances or repurchases. To calculate the weighted average, you multiply the number of shares outstanding during each period by the length of that period, and then sum up these weighted values.
3. Finally, divide the net income by the weighted average number of common shares outstanding to get the earnings per share (EPS) of common stock. EPS represents the portion of the company's earnings that can be attributed to each outstanding share of common stock. let's say a company has a net income of $1,000,000 and the weighted average number of common shares outstanding is 500,000. Using the formula, the EPS would be:
EPS = $1,000,000 / 500,000 = $2
This means that for each outstanding share of common stock, the company has earned $2 in profit.
It's important to note that the EPS figure provides insights into a company's profitability on a per-share basis and is commonly used by investors to evaluate a company's financial performance. Additionally, EPS can be influenced by factors such as stock splits, stock dividends, and share repurchases, so it's important to consider these factors when analyzing EPS.
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Productivity is a measure of:
A. the investment required to get a business started.
B. the growth of a business over a defined period.
C. the profits generated by a single economic decision.
D. the amount of input needed to create a certain output.
Answers
I think the answer you're looking for is 'D' if you're asking what productivity is in a generalized sense.
Productivity is the measure of option D. the amount of input needed to create a certain output.
What is productivity?Productivity should represent the value of the input i.e. required for developing the specific output. It does not have the investment that is needed for the business. Neither the profit should be produced.
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penguin pucks, inc., has current assets of $3,325, net fixed assets of $25,919, current liabilities of $4,050, and long-term debt of $13,977.
(a) What is the value of the shareholders' equity account for this firm?
(b) How much is net working capital?
Answers
Penguin Pucks, Inc., has current assets of $3,325, net fixed assets of $25,919, current liabilities of $4,050, and long-term debt of $13,977. We can use these values to calculate the shareholders' equity account and net working capital. The value of the shareholders' equity account for this firm the net working capital for this firm are $11,217 and -$725 respectively.
(a) To find the value of the shareholders' equity account, we can use the accounting equation:
Assets = Liabilities + Shareholders' Equity
Rearranging the equation to solve for shareholders' equity, we get:
Shareholders' Equity = Assets - Liabilities
Plugging in the given values, we get:
Shareholders' Equity = ($3,325 + $25,919) - ($4,050 + $13,977)
Shareholders' Equity = $29,244 - $18,027
Shareholders' Equity = $11,217
Therefore, the value of the shareholders' equity account for this firm is $11,217.
(b) To find the net working capital, we can use the formula:
Net Working Capital = Current Assets - Current Liabilities
Plugging in the given values, we get:
Net Working Capital = $3,325 - $4,050
Net Working Capital = -$725
Therefore, the net working capital for this firm is -$725.
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each listed stock option contract gives the holder the right to buy or sell shares of stock. each listed stock option contract gives the holder the right to buy or sell shares of stock. 10 100 1000 1
Answers
The correct statement is:
Each listed stock option contract gives the holder the right to buy or sell 100 shares of stock.
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What types of procedures in schools could benefit from TQM? If students are regularly late for classes, how can the school use TQM tools to help solve the problem?
Answers
SO THE ANSWER FOR THE TWM IS
393
What is the first step in financial planning?
OA. Analyzing the current situation
B. Identifying goals
C. Coming up with strategies for meeting goals
D.
Assess the advantages and disadvantages of different strategies
Answers
Answer:
A. analyze the current situation!
Customer relationship management is the use of information about customers to create marketing strategies that develop and sustain desirable customer relationships. true or false
Answers
Answer:
the answer for this question is true
I NEED HELP WITH MOSTLY THE SECOND AND THIRD PART OF THIS.
Aracel Engineering completed the following transactions in the month of June.
J. Aracel, the owner, invested $175,000 cash, office equipment with a value of $7,100, and $67,000 of drafting equipment to launch the company.
The company purchased land worth $60,000 for an office by paying $6,400 cash and signing a note payable for $53,600.
The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b.
The company paid $3,600 cash for the premium on an 18-month insurance policy.
The company provided services to a client and collected $8,000 cash.
The company purchased $32,000 of additional drafting equipment by paying $11,000 cash and signing a note payable for $21,000.
The company completed $16,000 of services for a client. This amount is to be received in 30 days.
The company purchased $1,100 of additional office equipment on credit.
The company completed $26,000 of services for a customer on credit.
The company purchased $1,489 of TV advertising on credit.
The company collected $10,000 cash in partial payment from the client described in transaction g.
The company paid $1,200 cash for employee wages.
The company paid $1,100 cash to settle the account payable created in transaction h.
The company paid $1,090 cash for repairs.
J. Aracel withdrew $10,290 cash from the company for personal use.
The company paid $1,600 cash for employee wages.
The company paid $3,500 cash for advertisements on the Web during June.
Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Services Revenue (403); Wages Expense (601); Advertising Expense (603); and Repairs Expense (604).
Post the journal entries from part 1 to the ledger accounts.
Prepare a trial balance as of the end of June.
Answers
Purchased additional office equipment with a credit line of 106,000 dollars . The transactions' general journal entries are as follows
J. Aracel put money into the business:Cash (101) 175,000
Office Supplies (163) 7,100
Drafting Supplies (164) 67,000
J. Aracel, Capital (301) 249,100
Purchasing a portable building:
Land (172) 60,000
Cash (101) 6,400
Notes Payable (250) 53,600
Building: 54,000 dollars
Cash: 54,000 dollars
Paid for insurance:
Cash or Prepaid Insurance (101) 3,600
facilitated services and gathered funds:
Services Revenue (403) 8,000
Paid for additional drafting equipment:
Equipment for drafting (164) 32,000
Cash (101) 11,000
Notes Payable (250) 21,000
Paid-for services:
Services Revenue (403) 16,000
Purchased additional office equipment with a credit line of 106,000 dollars:
Equipment for the office (163) 1,100
Accounts Payable (201) 1,100
Credit-worthy services:
26,000 in accounts payable (106).
used credit to purchase TV advertising:
Advertising Expense (603) 1,489
Accounts Payable (201) 1,489
Received cash in the following accounts:
Ten thousand dollars in cash (101) and 10,000 dollars in accounts receivable (106)
Expenses pertaining to wages (601) 1,200 Cash (101,200) Paid accounts payable:
Cash (101) 1,100, Accounts Payable (201) 1,100,
Paid for repairs:Expenses for repairs (604) 1,090 Cash (101) 1,090 J. Aracel took cash out:
J. Aracel, Cash Withdrawals (302) 10,290 Cash Paid Employee Wages (101) 10,290
Cost of wages (601) 1,600 Cash (101,600) Paid for internet advertising:
Accounts for advertising expenses (603) 3,500 and cash (101) 3,500 are as follows:
Cash (101) Date Description Debit Credit Balance
6/1 J.
Aracel investment 175,000 175,000
6/2
Land purchase 6,400 168,600
6/3
Building purchase 54,000 114,600
6/4
Insurance payment 3,600 111,000
6/5
Services provided 8,000 119,000
6/6
Purchase of drafting equipment 11,000 108,000
6/6
Notes payable 21,000 87,000
6/7
Services provided on credit 16,000 71,000
6/8
Purchase of office equipment 1,100 69,900
6/9
Services provided on credit 26,000 43,900
What are Journal Entries?All financial transactions are recorded in the accounting journal, which is the book where these entries are made, prior to being transferred to the general ledger. Each journal entry includes the date of the transaction, the accounts involved, and the amount of the transaction. The purpose of journal entries is to keep track of all financial activities and ensure that the financial statements are accurate.
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The FDIC in the United States insures some financial accounts up to what amount?
A.
$10,000
B.
$50,000
C.
$100,000
D.
$500,000
Answers
Answer:C
Explanation:
The market exchange rate between Australian dollars and the US dollars is USD 0.75 per Australian dollar. The real exchange rate is 1.25. What is the PPP based exchange rate?
Answers
The PPP-based exchange rate cannot be determined without information on price levels in both countries.
The Purchasing Power Parity (PPP) exchange rate is a theoretical concept that suggests that the exchange rate between two currencies should equalize the purchasing power of each currency in their respective countries. To calculate the PPP-based exchange rate, we need to divide the real exchange rate by the ratio of price levels between the two countries.
Given:
Market exchange rate: USD 0.75 per Australian dollar
Real exchange rate: 1.25
To determine the PPP-based exchange rate, we need to consider the price levels in both countries. However, the given information does not provide specific data on price levels. Therefore, we cannot calculate the PPP-based exchange rate without additional information on price levels.
The PPP-based exchange rate is influenced by various factors such as inflation rates, relative price levels, and cost of living. Without knowing the specific price levels in both countries, it is not possible to calculate the PPP-based exchange rate accurately.
To obtain an accurate PPP-based exchange rate, we would need information on price levels or inflation rates in both Australia and the United States. With that information, we could calculate the ratio of price levels and use it to adjust the real exchange rate.
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How does your specific money personality (whether you‘re a saver or a spender) play into your relationships now? How will it affect your future relationships?
Answers
The manner we behave when choosing investments and how we go about funding, saving, and investing are influenced by our money personalities.
What do you mean when you refer to money personalities?Investors, savers, big spenders, debtors, and shoppers are the five most prevalent money personalities.
Debtors and shoppers might have a tendency to overspend.
When it comes to handling household finances, the personality traits of investors and savers may be similar.
Commanders (ENTJ) (ENTJ).
They base a lot of life decisions, such as those regarding education and employment, on money. They are the personality type that most frequently equates wealth with power.
The first step towards financial health is understanding your money personality, which will help you identify your approach to spending, saving, and investing as well as the areas where you need to take action.
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If a government cannot accurately measure gdp, what problems can that cause for the government or for businesses in that country?
Answers
If a government cannot accurately measure GDP, it can cause problems for both the government and businesses in that country. Without accurate GDP data, the government may struggle to make informed policy decisions and allocate resources effectively.
For businesses, the lack of accurate GDP measurements can affect their decision-making processes. They rely on GDP data to analyze market conditions, identify trends, and make investment decisions. Without reliable GDP information, businesses may face uncertainties regarding market size, demand, and economic stability, which can hinder their ability to make strategic decisions and expand their operations. Overall, the accurate measurement of GDP is crucial for both the government and businesses as it provides important insights into the overall economic health of a country and helps guide policy-making and business strategies.
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a customer says they have a diversified portfolio of notes and bonds. this means their portfolio consists primarily of
Answers
This means their portfolio consists primarily of debt instruments when a customer says they have a diversified portfolio of notes and bonds.
The term "debt" is frequently used in a general sense to refer to debt security, including notes and bonds. In a bond, the issuer (the borrower) is required to pay the principal as well as a fixed or variable interest rate over a predetermined period of time. A bond's return is made up of interest that is calculated using the bond's nominal value and any capital gains or losses.
Debt instruments are items that call for a set payment to be made to the owner, typically with interest. Bonds (government or corporate) and mortgages are two examples of debt instruments. Trading in equity instruments takes place on the equity market, also known as the stock market.
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g Suppose the own price elasticity of demand for good X is -3, its income elasticity is 2, and the cross price elasticity of demand between good X and Y is -5. Determine how much the consumption of this good will change if: 1. The price of good X increases by 5% 2. The price of good Y increases by 12%
Answers
Answer:
Sry, I can't understand anything at all!
A company provides a sales allowance to a customer. How does this affect the company's income statement?A) the allowance is not shown on the income statementB) gross sales are reduced by the amount of the allowanceC) the allowance is included in operating expensesD) the allowance is included in cost of goods sold
Answers
The sales allowance will make a gross sales are reduced by the amount of the allowance. The correct answer is B) gross sales are reduced by the amount of the allowance.
When a company provides a sales allowance to a customer, this is typically recorded as a reduction in gross sales on the company's income statement. This is because the allowance effectively reduces the amount of revenue that the company is able to recognize from the sale. As a result, the company's gross sales are reduced by the amount of the allowance, which will also have an impact on the company's net income.
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Can someone please help me!
Answers
Answer:
The awnser is the Nature of Business
Answer:
nature of business that's
verify describe the distillation process of alcohol
Answers
Do you think it is true that one person can make a difference? Why or why not?
Answers
A ripple effect that, over time, can actually impact thousands over generations.
A broadening effect since one person influences many, like multiplying tree branches.
So, yes.
Life orientation grade 10
Answers
Answer:
Life Orientation is a mandatory subject in the South African CAPS curriculum. It's studied by Senior Phase students in Grades 7-9. During Intermediate Phase, children will study Life Skills.
The CAPS guidance for Life Orientation states that the subject's main focus is the development of self in society. It aims to help learners set goals for themselves, solve problems and improve decision-making strategies. It aims to prepare learners for modern society and help with intellectual, physical, social and emotional growth along with lots more.
Explanation:
There are 5 main topics which are studied in Life Orientation in the Senior Phase:
Development of the self in society - This topic works on self-concept, including motivation and self-image. Learners throughout Senior Phase will also look at subjects such as personal diet and nutrition, peer pressure, relationships and friendships as part of the teaching. This topic will also touch on challenging situations including depression, grief, loss, trauma and crisis. This is so that they are better equipped to deal with these situations if they experience them in the real world.
Health, social and environmental responsibility - This topic area covers things like substance abuse and environmental health issues. There is also time spent on common diseases. Learners will also look at things such as volunteering as a concept as well as dealing with health and safety issues related to violence.
Constitutional rights and responsibilities - This topic has a focus on human rights, religions, cultural diversity and fair play. There's also some time spent on the concept of nation building and relating some of the above focuses to South Africa itself. Gender equity, constitutional values and issues that relate to citizens' rights and responsibilities are all looked at.
World of work - This topic area is all about preparing tour Senior Phase students for further education and life after school. Time is spent on different learning styles and career paths. You'll also spend some time talking about which options are available to them after Grade 9, including appropriate subject choices for their chosen career. You could spend some time talking about different careers and how each member of the class wishes to move forwards.
Physical education - During Life Orientation students are introduced to participating in a fitness programme and are encouraged to play various sports and games throughout Senior Phase. They will also participate in outdoor recreational programmes and learn to refine their performance in movement activities as well as take into account safety issues for each activity.
Why is Netflix's stocks going down?
Answers
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
Hope this helpes.
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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A gasoline mini-mart orders 25 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. The gasoline mini-mart purchases the magazines for $1.50 and sells them for $4.00. Any magazines left over at the end of the month are donated to hospitals and other health-care facilities. Modify the newsvendor example spreadsheet to model this situation on worksheet Minimart. Create a one-way data table to investigate the financial implications of this policy if the demand is expected to vary between 1 and 30 copies each month. How many must be sold to at least break even? 8 1 Newsvendor Model 1 Newsvendor Mode 3 Data 4 5 3 Data 4 Selling price 18.00 Cost $12.00 Discount price 9.00 Selling price 18 Cost 12 Discount price 9 58 10 12 Purchase Quantity 9 Model 10 Demand Demand 41 4 44 12 Purchase Quantity 44 13 13 14 15 Surplus Quantity 14 16 17 Quantity Sold 41 Quantity Sold MIN(B11,812) 3 15 Surplus Quantity MAX(O,B12-B11) 16 17 Profit $ 237.00 Profit B14 B5+B15 B7-B12 B6
Answers
To at least break even, the gasoline mini-mart needs to sell 41 copies of the magazine.
By modifying the newsvendor example spreadsheet on the Minimart worksheet, we can analyze the financial implications of this policy for different demand scenarios. The selling price of the magazine is $4.00, and the cost is $1.50. The discount price is not applicable here. The purchase quantity is fixed at 25 copies. The surplus quantity represents the magazines left over at the end of the month and is calculated as the maximum of 0 and the difference between the demand and the purchased quantity. The quantity sold is obtained by subtracting the surplus quantity from the demand. To determine the break-even point, we need to find the quantity sold at which the profit is zero or positive. In this case, that occurs when the quantity sold is at least 41 copies.
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The blank is the the minimum amount of your bill you must pay each month.
Answers
minimum payment
the least amount of money that must be paid at the end of a month