Answer:
$565
Explanation:
First of all, the person that receives a gift does not pay taxes for it. Also, proceeds from a life insurance policy are not taxable either. Municipal bonds are not taxed by the federal government.
This means that Juanita's taxable income = $400 interests from Treasury bonds + $165 interests from savings account = $565.
Perrette Motor Company rebuilds automobile engines that have been damaged or are in need of extensive repair. The rebuilt engine has a 100,000-mile warranty and is purchased by auto shops, large motor pools in companies and governmental units, and some individual auto owners. The plant at Dayton, Ohio, specializes in the Ford V6 engine. Approximately 630 to 830 engines are rebuilt each month, and the costs of the plant are assigned to monthly production using weighted-average process costing. The current month began with a work-in-process inventory of 120 engines which were 50% complete for materials and 50% complete for conversion costs. The materials cost in beginning work-in-process was $68,000, while the conversion cost was $73,200. A total of 530 engines were completed and shipped out during the month, and total materials cost of $636,000 and conversion cost of $731,400 were incurred during the month. The ending work-in-process of 220 units was 50% complete for materials and 30% complete for conversion costs.
Required:
Compute the cost per equivalent unit for materials and conversion for the month.
material cost per equivalent unit:
conversion cost per equivalent unit;
Answer:
Perrette Motor Company
Computation of the cost per equivalent unit for materials and conversion for the month:
1. Material cost per equivalent unit: $1,100
2. Conversion cost per equivalent unit: $1,350
Explanation:
a) Data and Calculations:
Units % of completion Equivalent unit
Materials Conversion Materials Conversion
Beginning WIP 120 50% 50% 60 60
a) Started and
Completed 530 100% 100% 530 530
b) Ending WIP 220 50% 30% 110 66
Equivalent units 640 596
Cost of production:
Materials Conversion
Beginning WIP $68,000 $73,200
Started & completed 636,000 731,400
Total cost $704,000 $804,600
Equivalent units 640 596
Cost per equivalent unit $1,100 $1,350
b) When calculating the equivalent units under the weighted average process costing method, the units beginning work-in-process are not taken into consideration, but the costs are.
F brown lent us 4000 giving us the money by cheque
Answer:
See below
Explanation:
This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.
An increase in assets is debited while an increase in liabilities is credited.
The journal entry will be
Bank A/c Dr. 4000
F brown A/c 4000
Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales $ 605,000 Cost of goods sold 425,000 Salaries 112,000 ($15,000 is indirect) Utilities 14,000 ($3,000 is indirect) Depreciation 42,000 ($10,000 is indirect) Office expenses 20,000 (all indirect) 1. Prepare a departmental income statement for 2019. 2.
Answer:
Part 1
JANSEN COMPANY
Departmental Income Statement—Ski Department
Sales $605,000
Cost of Sales ($425,000)
Gross Profit $180,000
Direct Expenses
Salaries ($97,000)
Utilities ($11,000)
Depreciation ($32,000)
Other Expenses ($38,000)
Operating profit $2,000
Part 2
JANSEN COMPANY
Departmental Contribution to Overhead—Ski Department
Sales $605,000
Cost of Sales ($425,000)
Gross Profit $180,000
Direct Expenses ($140,000)
Contribution $40,000
Less Overheads
Salaries ($15,000)
Utilities ($3,000)
Depreciation ($10,000)
Office Expenses (20,000)
Total Overheads $48,000
Contribution to overhead $40,000 : $48,000
Part 3
No. Jansen should not eliminate the ski department because it is making a profit on it on (Contributing towards the company costs)
Explanation:
Hie, I have attached the full question as pdf below
If the department is making a loss on its own, it must be eliminated. Departments must make a contribution towards the costs of the company overall
A professional who searches for mispriced securities in specific areas such as merger-target stocks, rather than one who seeks strict (risk-free) arbitrage opportunities is engaged in
Answer:
Risk arbitrage.
Explanation:
This strategy in business dealings is seen to be forced up when a form of security is been sold from a firm to another. This is done with its value been raised very high; not minding the risk been involved. It can also be described as a form of exploitation of the market especially when seen to be imbalanced. Especially in the trade of stocks; here, these stocks are been bought during these imbalance period and been given out for sale at high and outrageous prices.
How is IMC involved in creating social meaning for a brand?
Answer:
Step-By Step Explanation:
A salesperson preparing a written offer from a prospect may do so by filling in the blanks on a pre-approved broker's contract form if the subject property is a:
Answer: d) small, fully occupied strip mall housing a delicatessan, a dry cleaner, and stationary store
Explanation:
The salesperson is free to fill in the blanks on a pre-approved broker's contract form if the property involved has been developed and is not vacant.
If the property is vacant or undeveloped/ unimproved, the salesperson would have to go to the broker and get them to sign a contract form or else they would be in breach of the law.
Which is the simplest way to setup a business?
A. Cooperative
B. Corporation
C. Partnership
D. Sole
Regarding drug and alcohol testing of employees by employers: a. the Constitution prohibits any public sector employer from testing its employees under any circumstances without a warrant. b. federal legislation sets forth comprehensive guidelines for the practice. c. the constitutional protection from unwarranted search and seizure protects private sector employees from the practice. d. the NLRB makes it a mandatory subject of collective bargaining in a union setting.
Answer:
Option d: The NLRB makes it a mandatory subject of collective bargaining in a union setting.
Explanation:
Drug Testing is commonly use during employment process. It is used prior to hiring. It is a part of the periodic medical exams, to know that employees who have been through drug rehabilitation programs are clean, upon observation of a behavior that create reasonable suspicion of drug use.
National Labor Relations Act is simply a federal statute that is used in governing collective bargaining, among other things, and the law is towards companies with union employees.
There is the Implementation of a drug-testing program, under the NLRA, which is a mandatory subject of collective bargaining that is, an employer is not permitted to initiate or implement a drug-testing program without first negotiating its terms with union representatives.
Explain how changes in interest rates and rates of return on various investment options will affect the amount of money that businesses are willing to invest to increase output.
Answer:
Interest rates represent the opportunity costs of investors. If the interest rates are too high, then the opportunity cost of making an investment increases, since the investor could simply decide to purchase Treasury Bonds, corporate bonds, or put the money on a CD. As interest rates increase, total output decreases since investment in new projects decreases.
On the other hand, if interest rates lower, the opportunity cost of investors decrease. Investors will be willing to invest in new projects instead of purchasing Treasury Bonds, corporate bonds, or put the money on a CD. As interest rates decrease, total output increases since investment in new projects increases.
Explanation:
How would the discount effect on marginal revenue differ for a seller increasing sales from 100 units to 101 units compared to an increase in sales from 1,000 units to 1,001 units
Answer:
the discount effect should be smaller for a change between 100 to 101, than for 1,000 to 1,001
Explanation:
The discount effect is basically how much do you need to lower your price (offer a discount) in order to sell one more unit. Generally, companies that sell larger amounts of units must offer larger discounts in order to sell additional units. That is why the discount effect should be larger if the total output is larger.
Based on the information given, the discount effect will be smaller for a change from 100 to 101 units than 1000 to 1001 units.
It should be noted that business mostly prefer to give discount when there's an increase in sales. In such a case, a higher quantity of products will command a higher discount then a lower quantity of product.
Therefire, the discount effect will be smaller for a change from 100 to 101 units than 1000 to 1001 units. The business will give a small discount for a small quantity of goods and vice versa.
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Develop an Excel model for the following LP transportation problem. Solve the problem using Solver and match the correct answer to the questions. Warehouse City E City F City G City H Warehouse Supply A 0.53 0.21 0.52 0.41 4500 B 0.31 0.37 0.41 0.28 5000 C 0.56 0.32 0.56 0.33 4000 D 0.41 0.54 0.34 0.52 5500 City Demand 4,400 3,500 5,500 5,600 Match the correct answer to the following questions: 1. What is the value of the objective function
Answer:
The objective function is:
Minimization (Z) = 0.53Xae + 0.21Xaf + 0.52Xag + 0.41Xah + 0.31Xbe + 0.37Xbf + 0.41Xbg + 0.28Xbh + 0.56Xce + 0.32Xcf + 0.56Xcg + 0.33Xch + 0.41Xde + 0.54Xdf + 0.34Xdg + 0.52Xdh
Explanation:
Solution:
We are asked to find the value of the objective function in this data given.
So,
Let Xae be the number of units shipping from warehouse A to city E.
Similarly, we have Xaf, Xag, Xah
Let Xbe be the number of units shipping from warehouse B to city E .
Similarly, we have Xbf, Xbg, Xbh
Let Xce be the number of units shipping from warehouse C to city E .
Similarly, we have Xcf, Xcg, Xch
Let Xde be the number of units shipping from warehouse D to city E .
Similarly, we have Xdf, Xdg, Xdh
Furthermore,
0.53 is the shipping cost of 1 unit from warehouse A to City E.
So, the shipping cost of Xae units from warehouse A to City E is 0.53Xae.
Similarly, we have other corresponding costs.
Hence,
The objective function is:
Minimization (Z) = 0.53Xae + 0.21Xaf + 0.52Xag + 0.41Xah + 0.31Xbe + 0.37Xbf + 0.41Xbg + 0.28Xbh + 0.56Xce + 0.32Xcf + 0.56Xcg + 0.33Xch + 0.41Xde + 0.54Xdf + 0.34Xdg + 0.52Xdh
Skolits Corp. issued 10-year bonds 2 years ago at a coupon rate of 8.7 percent. The bonds make semiannual payments. If these bonds currently sell for 108 percent of par value, what is the YTM
Answer:
7.36%
Explanation:
Nper = (10-2)*2 = 16
Pmt = 1000*8.7%/2 = 43.5
Pv = -108%*1000 = -1080
Fv = 1000
YTM = Rate(Nper, pmt, -Pv, Fv)*2
YTM = Rate(16, 43.5, -1080, 1000)*2
YTM = 0.036795696 * 2
YTM = 0.073591392
YTM = 7.3591392%
YTM = 7.36%
Houston-based Advanced Electronics manufactures audio speakers for desktop computers. The following data relate to the period just ended when the company produced and sold 41,000 speaker sets:
Sales $3,362,000
Variable costs 840,500
Fixed costs 2,310,000
Management is considering relocating its manufacturing facilities to northern Mexico to reduce costs. Variable costs are expected to average $20.00 per set; annual fixed costs are anticipated to be $1,986,000.
Required:
1. Calculate the company’s current income and determine the level of dollar sales needed to double that figure, assuming that manufacturing operations remain in the United States.
2. Determine the break-even point in speaker sets if operations are shifted to Mexico.
3. Assume that management desires to achieve the Mexican break-even point; however, operations will remain in the United States.
4. If variable costs remain constant, by how much must fixed costs change?
5. If fixed costs remain constant, by how much must unit variable cost change?
6. Determine the impact (increase, decrease, or no effect) of the following operating changes.
A) Effect of an increase in direct material costs on the break-even point.
B) Effect of an increase in fixed administration costs on the unit contribution margin.
C) Effect of an increase in the unit contribution margin on net income.
D) Effect of a decrease in the number of units sold on the breakeven point.
Answer:
1. $211,500 and $3,644,000
2. 32,033 speaker sets (Mexican)
3. 32,033 speaker sets (Mexican required Break even)
4. $323,954 decrease
5. $11,11 decrease
6. Determining Effects :
A. decrease
B. no effect
C. increase
D. no effect
Explanation:
Part 1
a
Income = Contribution (Sales - Variable Costs) - Fixed Costs
therefore,
Income = $3,362,000 - $840,500 - $2,310,000 = $211,500
b
Double the figure of income = $211,500 x 2 = $423,000
Sales to achieve target profit = Target Profit + Fixed Cost ÷ Contribution Margin
where,
Contribution Margin = Contribution (Sales - Variable Costs) ÷ Sales
= ($3,362,000 - $840,500) ÷ $3,362,000
= 0.75
therefore,
Sales to achieve $423,000 profit = ($423,000 + $2,310,000) ÷ 0.75
= $3,644,000
Part 2
Break even point (speaker sets) = Fixed Cost ÷ Contribution per unit
where,
Fixed Cost = $1,986,000
Contribution per unit = ($3,362,000 / 41,000) - $20.00 = $62.00
therefore,
Break even point (speaker sets) = $1,986,000 ÷ $62.00
= 32,033 speaker sets
Part 3
Mexico :
Break even point (speaker sets) = Fixed Cost ÷ Contribution per unit
where,
Fixed Cost = $1,986,000
Contribution per unit = ($3,362,000 / 41,000) - $20.00 = $62.00
therefore,
Break even point (speaker sets) = $1,986,000 ÷ $62.00
= 32,033 speaker sets
United States :
Break even point (speaker sets) = Fixed Cost ÷ Contribution per unit
where,
Fixed Cost = $2,310,000
Contribution per unit = ($3,362,000 / 41,000) - ($840,500 / 41,000) = $61.50
therefore,
Break even point (speaker sets) = $2,310,000 ÷ $61.50
= 37,561 speaker sets
Part 4
Break even point (speaker sets) = Fixed Cost ÷ Contribution per unit
where,
US Fixed Cost = $2,310,000
Fixed Cost Required = Unknown
Contribution per unit = $82.00 - $20.00 = $62.00
therefore,
Fixed Cost = Breakeven Point x Contribution per unit
= 32,033 speaker sets x $62.00
= $1,986,046
Change in Fixed Costs = $323,954 decrease ($2,310,000 - $1,986,046)
Part 5
Break even point (speaker sets) = Fixed Cost ÷ Contribution per unit
where,
US Fixed Cost = $2,310,000
US Contribution per unit = $82.00 - $20.00 = $62.00
Contribution per unit = $82.00 - V = Unknown
therefore,
Contribution per unit = Fixed Costs ÷ Breakeven point
= $2,310,000 ÷ 32,033 speaker sets
= $73.11
Variable Cost = Selling Price - Contribution per unit
= $82.00 - $73.11
= $8.89
Change in Variable Cost = $11,11 decrease ($20.00 - $8.89)
Global trade with China is Multiple Choice too risky and not worth the effort. dependent upon the success of multinational corporations. an emerging business opportunity for several companies. illegal based on World Trade Organization (WTO) rulings.
Answer:
an emerging business opportunity for several companies.
Explanation:
China is a developed nation with so many businesses that cut across the world. The country is filled with entrepreneurs who are constantly seeking to expand their horizons through collaboration with other nations.
Entrepreneurs who are seeking better ways to do business or the latest technologies to deploy in their businesses can benefit by collaborating with China.
Devi was divorced in 2018 and receives child support of $250 per month from her ex-husband for the support of their 8-year-old son, John, who lives with her. Devi is 45 and provides more than half of her son's support. What would the amount of credit be?
Answer:
sorry for wasting your time but Devi has depression thats what he got
The terms of an invoice are 3/10, n/25. This means that a
Answer:
see below
Explanation:
This expression represents terms of credit as offered by a seller.
The first digit 3, represents is the discount offered as a percentage of the invoice amount. The second digit 10, is the number of days the discount is availablen stands for netThe last digit 25, is the number of days within which the net is expected if the discount option is not taken.This means that
A discount of 3 % is available on the total invoice if the buyer pays within 10 days from the invoice date. Otherwise, the full invoice amount should be paid within 25 days from the invoice date.
Your friend Burrell says that the government should hire fewer social workers in order to reduce the cost of federal assistance programs. He says reducing administrative costs will allow people to pay much lower taxes.
Consider whether or not his argument is valid.
Most of the leakage in federal assistance programs comes from
a) the administrative costs of running the programs.
b) peoples' responses to financial incentives.
c) the diminishing marginal utility of income.
d) the regressive nature of income taxes in the United States.
Answer: b) peoples' responses to financial incentives.
Explanation:
Burrell would be wrong because the most leakage in federal assistance programs comes from the way people respond to financial incentives.
Some people who have received this assistance from the Federal government have decided that it would be better to keep receiving this assistance instead of working to actually get paid.
This has led to more people seeking assistance thereby increasing the number of people needing assistance and invariably increasing the cost of these federal assistance programs.
Jetison Industries makes batches of custom novelty items for companies to give away at career fairs. Job X24 for Xcel Corporation consists of 2,000 pens that light up inside the pen base when you write. In addition, the name and address of Xcel Corp. is printed on the pens. Direct material for these pens amount to $1,500; direct labor is $2,800; and manufacturing overhead is $1,600. Based on this information, what is the cost per pen for Job X24
Answer:
$2.95
Explanation:
The cost per pen for job X24 is computed as;
= Total cost of pen / Total output
Total cost of pen = Direct material + Direct labor + Manufacturing over head
Given that;
Direct material = $1,500
Direct labor = $2,800
Manufacturing over head = $1,600
Total output = 2,000 pen
= $1,500 + $2,800 + $1,600
= $5,900 / 2,000
= $2.95
Based on the various costs incurred to make the pen, the cost of a single pen is $2.95.
First find the total cost of producing all those pens:
= Direct material + Direct labor + Manufacturing overhead
= 1,500 + 2,800 + 1,600
= $5,900
The cost per pen is:
= Overall cost of production / Number of pens produced
= 5,900 / 2,000
= $2.95
In conclusion, the cost per pen is $2.95.
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For students not wanting a traditional major in marketing or accounting, for example, YSU decided to create a general business major, which allowed any combination of the easiest business courses to comprise the program. The competitive priority achieved in this example is:
Answer:
The correct approach is "Customization".
Explanation:
Customization continues to recognize a consumer preference but instead wants to increase consumer satisfaction whilst also implementing the merchandise to individual communities. Configuration of the software systems throughout meeting personal eligibility criteria. Before the next organization could streamline its operational activities utilizing software applications, one must first ensure that the computer seems to be capable of automating together all procedures it requires.Shown as follows are selected transactions of the architectural firm of Baxter, Claxter and Stone. Inc.
April 5 Prepared building plans for Spangler Construction Company. Sent Spangle: an invoice for $13,200 requesting payment within 30 days, (The appropriate revenue account is entitled Drafting Fees Earned.)
May 17 Declared a cash dividend of S2.400. The dividend will not he paid until June 25.
May 29 Received a SS.4(H) bill from Bob Needham. CPA. for accounting services performed during May Payment is due by June 10. (The appropriate expense account is entitled Professional Expenses.)
June 4 Received full payment from Spangler Construction Company for the invoice sent April 5.
June 10 Paid Bob Needham, CPA, for the bill received on May 29.
June 25 Paid the cash dividend declared On May 17.
Required:
a. Prepare journal entries to record the transactions in the firm's accounting records.
b. Identify any of these transactions that will not result in a change in the company's net income.
Answer:
Baxter, Claxter and Stone. Inc.
a. Journal Entries:
April 5:
Debit Accounts Receivable (Spangler) $13,200
Credit Drafting Fees Earned $13,200
To record the provision of building plans to customer.
May 17:
Debit Dividend Expense $2,400
Credit Dividends Payable $2,400
To record the declaration of cash dividend.
May 29:
Debit Professional Expenses $
Credit Professional Expenses Payable $
To record the receipt of bill from Bob Needham, CPA for accounting services.
June 4:
Debit Cash Account $13,200
Credit Accounts Receivable (Spangler) $13,200
To record the receipt of full payment.
June 10:
Debit Professional Expenses Payable $
Credit Cash Account $
To record the payment of bill to Bob Needham.
June 25:
Debit Dividends Payable $2,400
Credit Cash Account $2,400
To record the payment of dividend.
b. Transactions that will not result in a change in the company's net income are:
May 17 Declared a cash dividend of S2.400. The dividend will not he paid until June 25.
June 4 Received full payment from Spangler Construction Company for the invoice sent April 5.
June 10 Paid Bob Needham, CPA, for the bill received on May 29.
June 25 Paid the cash dividend declared On May 17.
Explanation:
The listed transactions will not affect the net income of the company. Dividends are paid out of net income. The other transactions are transactions involving cash flow. They are not revenue and expenses transactions, which affect net income.
Match each type of insurance with an example of when the insurance
company would make a payment.
Renter's
insurance
?.
You cause an accident
that damages someone
else's car.
Liability coverage
?
You have to take a month
off from work because of
a broken leg.
Health insurance
2
Your stereo and computer
are stolen from your
apartment
Disability
insurance
?
You go to the emergency
room after a car accident.
Answer:
See below
Explanation:
Renter's insurance
Your stereo and computer are stolen from your apartment. Renters insurance provides coverage for policyholder's properties other than their dwelling place.
Liability coverage
You cause an accident that damages someone else's car. It protects against claims arising from damages to other people or their properties.
Health insurance
You go to the emergency room after a car accident. Offers insurance coverage for medical bills incurred by the policyholder or their dependents.
Disability Insurance
You have to take a month off from work because of a broken leg. Provides protection against loss of income as a result of serious bodily injuries to the policyholder.
On August 1, 2022, Burdick Co. issued bonds with a face value of $600,000. The bonds carry a stated interest rate of 8%; interest is payable each June 1st and December 1st. The bonds were issued at 102 plus accrued interest. The straight-line method is used. The bonds mature on 6/1/25. What was the total cash received on 8/1/22
Answer:
$620,000
Explanation:
the total cash received (dirty price) = clean price + accrued interest = (1.02 x $600,000) + ($600,000 x 8% x 2/12) = $612,000 + $8,000 = $620,000
the clean price of a bond refers to the price of the bond without any type of accrued interest, i.e. the price that the issuer would receive if it sold them at the same date that they were issued.
The dirty price includes both the clean price plus any accrued interest
Do you think that some people are more susceptible to psychological marketing than others? Explain
Answer: yes, because some people studied the material which would make it easier for the to catch on.
Explanation:
When a beekeeper places his hives of bees in an orchard so that the bees can gather nectar to produce honey, the bees pollinate the orchard, which increases the yield of fruit. This benefits
Answer:
b. both the beekeeper and the orchard owner
Explanation:
Options "a. only the owner of the orchard b. both the beekeeper and the orchard owner c. the beekeeper, but it creates a negative externality because the bees are a hazard to the orchard. d.only the beekeeper"
Externality is when the cost or benefit of any activity falls upon the bystander and it can either be positive or negative. The Positive externality is when the benefits is enjoyed by the third party or the bystander. The Negative externality is when the costs fall upon the bystander.
Honey bees are very good pollinating agents, the rearing of honey bee not only benefits the beekeeper by producing honey but also the plants by helping them pollinate and increase the flora of the area, that is, it is also helping the orchard owner by increasing his tree count and hence fruit yield.
The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $450,000. The Sisyphean Company expects cash inflows from this project as detailed below:
Year One $200,000
Year Two $225,000
Year Three $275,000
Year Four $200,000
The appropriate discount rate for this project is 16%. The NPV for this project is closest to:_________
a. $179,590
b. $450,000
c. $176,720
d. $123,420
Answer:
c.$176,720
Explanation:
Calculation for The NPV for this project
NPV=-450,000+200,000 / (1.16)^1+225,000 / (1.16)^2+275,000 / (1.16)^3+200,000 / (1.16)^4
NPV=-450,000+172,414+167,212+176,181+110,458
NPV=176,720
Therefore The NPV for this project is closest to :176,720
a. The summary of significant accounting policies is located in note 2 to the financial statements. Locate the section on property and equipment. What depreciation method does American Eagle use
Answer:
American Eagle uses the straight-line depreciation method in depreciating its property, plant, and equipment.
Explanation:
The straight-line depreciation method involves applying the same rate on the initial depreciable amount or the same amount of depreciation expense throughout the asset's useful life. For American Eagle, this method involves the estimation of the useful life of each property, plant, and equipment class. The company has established that its buildings have 25 years useful life, leasehold improvements 10 years, fixtures and equipment 5 years, while information technology assets have 3 to 5 years. This implies that after deducting any estimated salvage value, the depreciable amount (basis) of the asset is divided by the number of estimated useful life. For building, this can also be expressed in percentage terms as 4% (100/25); for leasehold improvements as 10% (100/10); for fixtures and equipment as 20% (100/5); and same for information technology.
The amount of money you will still need after subtracting scholarships, grants, and work study will help determine the amount of money _____.
A.You need to borrow in loans or pay out of pocket
B.to accept in grants and scholarships
C.to set aside in savings
D.to use for room and board,books and other expenses
Answer:
A.
Explanation:
The amount of money needed after receiving some from scholarships, grants, and work study is the amount A. You need to borrow ..
A student's total amount needed after subtracting the amount received from scholarships, etc. is either funded through borrowings or from the student's own savings (pocket).
The total amount needed is not the amount from grants, for savings, or for other expenses.
It is the amount that the student still requires to cover all expenses which can be sourced from loans or own savings.
Thus, statement A is correct.
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In general, the production and use of capital ________ the productivity of labor and normally ________ wages. A) enhances; drives up B) enhances; drives down C) diminishes; drives down D) has no effect on; has no effect on
Answer: B. enhances; drives down
Explanation:
Capital are the resources that are used by an organization which can bring about an increase in the production of such organization. Organizations undertake capital investment in order to enhance productivity and also increase revenue.
In such cases, this helps in driving down wages. This is because when an organization uses more of capital in its productive activities, less of labor is required which can help drive down wages.
Describe a historical situation where a failure to assess and correctly interpret the external environment resulted in a business' failure. What elements of the external environment were missed
Answer: Nokia case- Lack of assessment for the smart phone
Explanation:
Nokia had a big influence in the international market for cell phone products in the global market. They could not make the assessment for the external market adequately for the need of the smart phone technology. This resulted in their major failure and they began loosing global recognition and lost the entire market share due to the shift from keypad technology to smart phone technology. They could not interpret correctly their external environment and lack of market assessment
Cullumber Corp. had total variable costs of $247,500, total fixed costs of $193,500, and total revenues of $450,000. Compute the required sales in dollars to break even.
Answer:
$430,000
Explanation:
The first step is to calculate the contribution margin
= revenues-variable cost
= $450,000-$247,500
= $202,500
The contribution margin ratio can be calculated as follows
= 202,500/450,000
= 0.45×100
= 45%
Therefore the required sales to break even in dollars can be calculated as follows
= 193,500/45
= 4300×100
= $430,000