Answers
Answer:
$1,000,000
Explanation:
The computation is shown below:
Particulars Indoors Model Outdoors Model Total
No of Units
(21,050 in ratio 2:3) 8,420 12,630 21,050
Sales 1,263,000 2,778,600 4,041,600
Less: Variable costs 168,400 505,200 673,600
Contribution margin 1,094,600 2,273,400 3,368,000
Less: Fixed costs
(2,160,000 + 208,000) 2,368,000
Operating Income 1,000,000
Related Questions
Q1. While walking to the local electronics store, MusicLover ponders his desire for a high-end noise cancelling headset with soft leather earcups, and realizes that he would purchase it if it were priced at $150, or $180, or even $195, but not at $210. On arriving at the store, he finds that the product is priced at $170. He buys it! Based on this information, Which number is closest to MusicLover's reservation price or willingness-to-pay (WTP) for the headset
Answers
Answer: b. $200
Explanation:
A person's willingness-to-pay refers to the maximum price they would be want to pay for a good or service. For instance, if you refused to pay more than $25 for a jar of honey, your willingness-to-pay for the jar of honey is $25.
In this scenario, MusicLover will buy the headset if they are $195 but not if they are $210. His willingness to pay is therefore between $195 and $210. From the options, the only figure in that range is option B with $200.
1. Values in a chart must be:
Select the correct option.
O a. Numbers
O b. Words
O c. Months
O d. Columns
Answers
Answer:
a. Numbers
Explanation:
The values in a chart represent data. Anyone reading a chart should be able to interpret the information presented with relative ease. Due to the space factors, the values of a chart are always in numbers. Values in number form take little space compared to words.
Numbers are clear and easy to understand for everyone. When a value is very big, writing it in words may pose a challenge for some people to understand.
itemise the importance of marketing in an economy
Answers
Answer:
Marketing drives a consumer economy, promoting goods and services and targeting consumers most likely to become buyers. Higher sales for a business that employs successful marketing strategies translate into expansion, job creation, higher tax revenue for governments and, eventually, overall economic growth.
Which of the following statements is normative? Group of answer choices Congress gives certain business corporations tax breaks. Tax breaks can lead to additional production. Tax breaks can change corporate behavior. Congress gives too many tax breaks to corporations.
Answers
Answer: Congress gives too many tax breaks to corporations.
Explanation:
Normative statements are said to be statement of opinion and not fact.
Option D is therefore a normative statement because it is the opinion of the speaker that congress gives too many tax breaks because from a neutral standpoint, it cannot be said with certainty the number of tax breaks that will be considered too much.
The other options are statements of fact.
In a market economy resources tend to be allocated optimally. Discuss how the interaction of consumers and producers makes this happen.
Answers
Answer:
Under the capitalist structure, the distribution of services is highly reliant mostly on price fluctuations of the commodities itself. For both buyers as well as vendors in the industry, price serves as a predictor.
Sellers can use heavy priced limited raw commodities (e.g. the copper industry) or tools to manufacture high-value items to be specifically given specific pricing details. Similarly, only those buyers who see profit in buying those better priced goods would also enable them to maintain equilibrium within the scheme.
If the free market (private) equilibrium quantity is greater than the socially optimal quantity, one can infer that:
Answers
Answer:
The only that socially optimal quantity is lower than the equilibrium quantity is that the production of that specific good results in a negative externality. Negative externalities reduce social benefits of third parties, even though they do not actively participate in any type of transaction.
Assume the CPI increases from 100 to 110 and a person's nominal income increases from $50,000 to $55,000 over the same period. This person's real income has
Answers
Answer and Explanation:
The computation of the real income percentage is as follows:
The Increase in CPI would be
= (110 - 100) ÷ 100 × 100
= 10%
And, the increase in nominal income is
= ($55,000 - $50,000) ÷ ($50,000) × 100
= 10%
As the CPI and increase in nominal income percentage is same
SO the real income would also remains the same
Why is it important for manufacturing companies to know the manufacturing cost of each of the products they make
Answers
Answer:
Manufacturing cost per unit is important to monitor. These, in many ways, represent the efficiency of the production process. If labor, material, or overhead costs appear too high then action must be taken. You must change and balance all of these costs to maximize shareholder value.
The amount of interpersonal space (space between people while interacting) that is acceptable varies by culture. This activity is important because interpersonal space is one of the key cultural areas to understand in business if you want to bridge cross-cultural gaps. The goal of this exercise is to test your knowledge of the cultural area of interpersonal space.
Determine which of the following countries has Least Social Distance and Most Social Distance.
a. China
b. UK
c. Saudia Arabia
d. India
e. USA
Answers
Answer:
Note: The full question is attached as picture below
Below is in order, according to the amount of social distance (interpersonal space in a professional interaction) that would likely be expected during a business transaction in that particular country.
1 = Least Social Distance: 5 = Most Social Distance:
1 - USA
2 - UK
3 - INDIA
4 - CHINA
5- SAUDI ARABIA
Determine the future value of $19,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.)
Answers
Answer and Explanation:
The computation of the future value in the following situations:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
1. For semiannually
= $19,000 × (1 + 0.10 ÷ 2 )^8 × 2
= $19,000 × (1.05)^16
= $19,000 × 2.1829
= $41,475
2. For quartely
= $19,000 × (1 + 0.12 ÷ 4 )^2 × 2
= $19,000 × (1.03)^4
= $19,000 × 1.2268
= $23,309
3. For monthly
= $19,000 × (1 + 0.36 ÷ 12 )^15
= $19,000 × (1.03)^15
= $29,602
A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year 2. (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cash flow on total assets improve in Year 2 versus Year 1
Answers
Answer:
A. Year 1 8.3%
Year 2 9.2%
B. Yes
Explanation:
(1) Calculation for its cash flow on total assets ratio for both years
Using this formula
Cash flow on total assets ratio =Net operating cash flow/Average total assets
Let plug in the formula
Year 1 Cash flow on total assets ratio=$102,920/$1,240,000
Year 1 Cash flow on total assets ratio=8.3%
Year 2 Cash flow on total assets ratio= 138,920/1,510,000
Year 2 Cash flow on total assets ratio= 9.2%
(2) Based on the above calculation YES it's cash flow on total assets improve in Year 2 versus Year 1
Kaye Blanchard is 50 years old. She has $48,000 of adjusted gross income and $11,600 of qualified medical expenses. She will be itemizing her tax deductions this year. How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)
Answers
Answer:
$6,800
Explanation:
Calculation for How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)
Tax deduction=$11,600-(10%*$48,000)
Tax deduction=$11,600-$4,800
Tax deduction=$6,800
Therefore the amount of tax deduction that Kaye will be able to deduct (assume 10% floor for deduction) is $6,800
Standard Deviation (%) R 2 Beta Standard Error of Beta TDM 13 0.49 0.83 0.11 LLW 21 0.01 0.21 0.25 What proportion of each stock's risk was market risk, and what proportion was specific risk
Answers
Answer:
Note: These values are not from this question, as this question is incomplete and lacks necessary data. So, in order to solve this question and deliver you the main concept. I have chosen some random values.
Answer is explained in the explanation section.
Explanation:
Solution:
Data Given:
This question is about the two well known Canadian Stocks namely:
1. Toronto Dominion Bank
2. Research in Motion.
Data For Toronto Dominion Bank:
For answering about the proportion of risk involved in each of stocks, we just need the value of [tex]R^{2}[/tex].
Note: These values are not from this question, as this question is incomplete and lacks necessary data. So, in order to solve this question and deliver you the main concept. I have chosen some random values.
[tex]R^{2}[/tex] value for TDB = 0.77
[tex]R^{2}[/tex] value of 0.77 means, 77% of the risk is derived from the market movements. So we can say it as this 0.77 or 77% of proportion for Toronto Dominion Bank is of market risk.
Generally speaking, in market risk there is the probability that people will lose their investments due to the factors that create negative impacts on the market.
Whereas, specific risk is totally opposite to market risk and people specific to any company or group may experience losses but not the whole market, which is the case in market risk.
Where as, remaining 0.23 or 23% of the risk is unique risk or specific risk.
Similarly for the other stock:
[tex]R^{2}[/tex] value for Research in Motion = 0.44
[tex]R^{2}[/tex] value of 0.44 means 44% of the risk is derived from the movements of the market or it is market risk. On the other hand, remaining 0.66 or 66% of the risk is specific risk or unique risk.
if you invest $200 the end of each month over the next 20 years in a mutual fund that has a nominal annual rate of 12% how much will you get at the end of 20 years
Answers
Answer:
I will get $197,851 at the end of the 20 years.
Explanation:
Note: It is assumed the interest is compounded monthly
Use the following formula to calculate the amount to be received after 20 years
Future value of annuity = Annuity payment x ( ( ( 1 + periodic interest rate )^ Numbers of periods ) - 1 ) / periodic interest rate )
Where
Annuity Payment = $200 monthly
Periodic Interest rate = Nominal Interest rate / Numbers of periods in a year = 12% / 12 months = 1%
Numbers of periods = Numbers of years x Numbers of periods in a year = 20 years x 12 months = 240 months
Placing values in the formula
Future value of annuity = $200 x ( ( ( 1 + 1% )^240 ) - 1 ) / 1% )
Future value of annuity = $197,851.07
Future value of annuity = $197,851
Sources of economic growth would include an increase in:
a. Investment spending.
b. Financial investment.
c. Consumer spending.
d. Government spending.
e. Consumer saving
Answers
Answer:
Option e: Consumer saving
Explanation:
Consumer saving shows that the economy of a given country is growing. When a citizen of a country is employed, then unemployment decreases and consumers can be afford to buy some of their needs and still save some amount of money or valuables for future use. It shows that the economy growth is increasing in that country.
An increase in consumer savings can lead to more production, investment and others.
Brent has to complete a final group project and his group members aren't
doing their share of the work. Brent generally believes in being kind to others,
but at the last group meeting, he was so frustrated that he yelled at the group
and threatened to stop working on the project. Which value system is mainly
in question here?
A.ethics
B.law
C.business law
M.morality
Answers
Answer: M. Morality
Explanation:
Morality is the value system is mainly in question here. Hence, option D is correct.
What is Morality?Moral and just standards define what constitutes unacceptable behavior in society and what constitutes right and acceptable behavior.
A civilisation uses moral standards to decide what is reasonable, right, or acceptable. The majority of nations agree that murder is evil, while some grant an exemption for murder committed when waging a war to defend the nation or when acting in self-defense.
According to Louis Pojman, morality has five objectives: "keep society from disintegrating," "lessen human suffering," "promote human flourishing," "resolve conflicts of interest in just and orderly ways," and "give praise and blame, reward the good, and punish the guilty".
Thus, option D is correct.
For more information about Morality, click here:
https://brainly.com/question/13324831
#SPJ2
Outline and discuss the major categories of reimbursements and costs in a health care organization. How do they influence each other
Answers
Answer:
In healthcare organisations, main compensation and expense divisions focus on where they are utilised; there's many various types of entities, including such: profits, non-profit as well as residential. Stockholders of benefit organisations on the company and earn income from them.
Non-profit agencies raise revenue from their patient/consumer programmes and are prohibited from collecting tolls. In private coverage, the organisation department will supply the healthcare professional with direct payment.
The category of service user, such as as someone who spends with his own funds and someone who uses different private programmes available in market.
Imagine that you own a small hardware store and need to price several new items. What legal considerations would you need to take when pricing these items
Answers
Answer:
The legal considerations that would be taken into account when pricing items in a small hardware store are:
1. Predatory pricing: This strategy prices items very low for the purpose of eliminating competition. It is illegal. Since predatory pricing violates antitrust laws, it causes the rising of monopolistic markets and the creation of monopolies. The allegations of predatory pricing are usually hard to prove because of the counter-argument that it could be part of normal competition.
2. Price discrimination: The Robinson-Patman act prohibits price discrimination or the attempt of companies to sell the same goods at different prices to different consumers.
3. Both predatory pricing and price discrimination because of their negative economic consequences are regarded as deliberate moves by business entities to undermine the marketplace and the forces of demand and supply. They are frowned at ethically and severely punished in the court of law.
Explanation:
When setting prices, it is a standard practice to consider all factors that could result in business problems and legal battles. It is not only economic profit consideration that should be taken care of, but there are competitive, socio-legal, and growth factors to be considered. Ethics is also another important consideration. Unethical violations could lead to fraudulent and illegal prosecutions.
paid rent of Rs.25000 by cheque. make journal entry
Answers
Answer:
see below
Explanation:
Rent is an expense to the business. An increase in expenses is debited.
rent was paid by cheque. The transaction will reduce money held at the bank( asset) by Rs. 25,000. A reduction in assets is credited.
The journal entry will be
Rent A/c Dr. Rs. 25,000
Bank A/c Cr. Rs. 25,000
Explain the problems a hotel faces in making the following departments profitable: restaurants, bars, and room service
Answers
Answer: A successful strategy is to show guests the restaurants and explain the cuisine before they go to their rooms, which has prompted more guests to dine in the restaurants during their stay...The best way to prevent these occurrances is to have a good control system, which should include people who are paid to use the bar like regular guests, but are really there to check on the bartenders.
Explanation:
Restaurants; hotel guests are not always predictable. Sometimes they will use the hotel restauraunts, and other times they will dine out. A successful strategy is to show guests the restaurants and explain the cuisine before they go to their rooms, which has prompted more guests to dine in the restaurants during their stay.
Bar; Bars is measured by the pour/cost percentage. Post cost is obtained by dividing the cost of depleted inventory by sales over a period of time. Operations with lower pour costs have more sophisticated control systems and a higher-volume catering operation. Some bartenders tend to overpour measures to receive larger tips. The best way to prevent these occurrances is to have a good control system, which should include people who are paid to use the bar like regular guests, but are really there to check on the bartenders.
Countries often use various government regulations to manipulate the amount of goods and services imported from other countries. This activity is important because it will help you to understand the effects of trade protectionism on the overall international trading atmosphere.
Required:
Challenge your knowledge of the different types of international trade barriers.
Answers
Answer:
Solar ⇒ Tariffs
Tariffs are taxes on imported goods such that their prices are increased so that the domestic producers of that good can be able to compete with the imports which is the case here.
Numbers ⇒ Import Quotas
Import Quotas refer to limits on the amount of imports into a country. When the imports reach a certain amount they will be no more imports for the year.
Aluminium ⇒ Import Quotas
By only allowing a certain number of sheets to come into the country the US has imposed an import quota on the metal as per the definition above.
Materials ⇒ Embargoes and Sanctions
Embargoes and sanctions limit the trade of goods and services to the country under sanctions or being embargoed. Here the US will not ship goods to North Korea as they are under sanctions for their nuclear program.
Prohibition ⇒ Embargoes and Sanctions
This scenario describes an embargo which means that there is a ban on trade of certain goods and services with the nation under embargo.
Imports ⇒ Tariffs
Customs duties are taxes on imports which therefore makes them tariffs.
A g drought ravaged crops across the United States during the summer of 2012. What is the likely impact of this drought on the price of corn
Answers
Answer: Increase
Explanation:
The price of corn will increase sharply due to the relative scarcity of corn in the market.
Graphically depicted, the Supply curve will shift to the left due to reduction in supply of corn brought upon by the drought. It will then intersect with the demand curve to bring about a new equilibrium price with a higher price.
During a period, 38,200 units were completed and 5,300 units were in ending WIP Inventory. Ending WIP was 70% complete for direct materials and 50% complete for conversion costs. What are the equivalent units for conversion costs
Answers
Answer: 40,850 units
Explanation:
38,200 units were already completed.
Of the ending WIP, conversion costs were:
= 50% * 5,300
= 2,650 units
Total Equi. units = 38,200 + 2,650
= 40,850 units
Select the following three roles in a business that do not carry personal liability for any judgments against the company.
the owner in a sole proprietorship
a limited partner in a partnership
a general partner
a corporation shareholder
the CEO of a major corporation
Answers
Answer:
first third and fourth
Explanation:
saw it on quizlet
The nominal interest rate is 7% and the expected inflation rate is 2%. Based on the Fisher effect, the real rate of interest is Group of answer choices 5.0% 5.1% 4.9% 6.86%
Answers
5.1%
Trust me:] and good luck!
You can buy an item for $140 on an in-store payment plan with the promise to pay $140 in 90 days. Suppose you can buy an identical item for $128 cash. If you buy the item for $140, you are in effect paying $12 for the use of $128 for three months. What is the effective annual rate of interest
Answers
Answer:
the effective annual rate of interest is 37.50%
Explanation:
The computation of the effective annual rate of interest is as follows:
Interest = Principal × rate × time period
$12 = $128 × rate × 3 months ÷ 12 months
$48 = $128 × rate
rate = 37.50%
Hence, the effective annual rate of interest is 37.50%
We simply applied the above formula so that the correct annual rate could come
Opportunity cost occurs because of a producer’s need to
limit resources.
protect resources.
allocate resources.
spend resources.
Mark this and return
Answers
Answer:
allocate resources.
Explanation:
Scarcity of resources makes producers make choices on how to use the few available resources. Like other people, producers will want to do many things but are restricted by a lack of resources. Time and money are examples of scarce resources. They have to allocate the available resources among different needs and wants.
Opportunity cost is measured by calculating the value of the next best alternative.
Answer:
C On Edge Jan 2021
Explanation:
"Consider a C corporation. The corporation earns $2.5 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 50% of its earnings to its shareholders as a dividend. The corporate tax rate is 30%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 28%. What are the shareholders earnings from the corporation after all corresponding taxes are paid
Answers
Answer:
$0.70 per stock
Explanation:
before tax corporate income = $2.50 per stock
after tax corporate income = $2.50 x (1 - 30%) = $1.75 per stock
distributed dividends = $1.75 x 50% = $0.875 per stock
since the tax rate on dividends is 20%, then the after tax gain earned by stockholders is $0.875 x (1 - 20%) = $0.70 per stock
Some dividends are taxed as long term capital gains (like these), which decreases the tax rate paid by stockholders. If they were taxed at the normal income rate, the tax rate would have been 8% higher.
2019 balance sheet showed net fixed assets of $5.2 million, and the 2020 balance sheet showed net fixed assets of $5.8 million. The company’s 2020 income statement showed a depreciation expense of $335,000. What was the company's net capital spending for 2020?
Answers
Answer: $935,000
Explanation:
Net capital spending refers to the amount spent on acquiring new fixed assets.
= 2020 net fixed assets + 2020 depreciation - 2019 net fixed assets
= 5,800,000 + 335,000 - 5,200,000
= $935,000
The net decrease in Prepaid Expenses (Prepaid) amounts to $30,000 and the net decrease in Accounts Payable (AP) is $20,000. Assuming no inventory provision involved, what is the net effect of Inv and AP on the adjustments to Net Income if the indirect method is used in the Statement of Cash Flows
Answers
Answer:
Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.
Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.
Net effect of the above transactions is $30,000 - $20,000 = $10,000
So, net income will be increased by $10,000 as net effect of the above adjustments.
