Answer:
53
Explanation:
Riku Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price $ 68 $ 94 Variable cost per unit (38 ) (44 ) Contribution margin per unit $ 30 $ 50 Riku expects to incur annual fixed costs of $540,000. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required Determine the total number of products (units of Super and Supreme combined) Riku must sell to break even. How many units each of Super and Supreme must Riku sell to break even?
Answer:
Super= 10,500
Supreme= 4,500
Explanation:
Giving the following information:
Spuer:
Contribution margin= $30
Sales proportion= 0.70
Supreme:
Contribution margin= $50
Sales proportion= 0.30
Fixed costs= $540,000
First, we need to calculate the break-even point in units for the whole company:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 540,000 / (0.7*30 + 0.3*50)
Break-even point (units)= 15,000 units
Now, for each product:
Super= 15,000*0.7= 10,500
Supreme= 15,000*0.3= 4,500
Dogstuff adjusts salaries based on changes in its stock price, which has increased consistently at one fifth its value per year. Yearly raises are the same fraction of the current salary as the yearly fractional change in stock prices. Hector currently earns $31 comma 500 per year at Dogstuff. Find last year's salary, the salary in 2 years, and the salary 2 years ago.
Answer:
Last year: $26,250
Two years later = $45,360
Two years before = $21,875
Explanation:
Given that:
Constant fractional changes in salary = 1/5 (same as fractional changes in yearly price of stock).
Hector's current salary = $31,500
Therefore, total salary including the fractional increase with respect to the current salary will be in the form:
Current salary * (1 + 1/5)
1 + 1/5 = 6/5
Salary for previous year:
Current salary / (6/5)
If period to calculate is more than a year; then the fraction is raised to the root of the given year.
That is (6/5)^number of years
Previous year salary:
$31500 / (6/5)
= $31500 / 1.2
= $26,250
Salary 2 years from now:
$31500 * (6/5)^2
= $31500 * 1.2^2
= $31500 * 1.44
= $45,360
Two years before:
$31500 / (6/5)^2
= $31500 / 1.44
= $21,875
ullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bearing note with a face amount of $629,406 (imputed rate of 12%). The goods have an inventory cost on Fullbright’s books of $240,000. What amount of Sales Revenue should Fullbright recognize in 2017?
Answer:
The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000
Explanation:
The total value of $629,406 of the note includes the amount of interest revenue which would be $229,406 which is gotten from (629,406-400,000). The value of sales revenue will be $400,000
The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000
which bear is best? Beets. Bears. Battlestar galactica.
Answer:
black bear
Explanation:
I've watched the office 10 times
Answer:
N/A
Explanation:
That's a ridiculous question.
On December 1, Christy Co. accepted a 60-day, 6%, $1,000 note due January 30. On December 31, the appropriate year-end adjusting entry was made. On January 30, the note was honored and paid in full. The entry to record receipt of payment on January 30 (assuming no reversing entry was made) would include a credit to: (Check all that apply.)
Answer:
Entry for the repayment involve a Debit of Note Payable of $1,060 and a Credit of Cash of $1,060.
Explanation:
By January 30 , 2 months interest would have expired and the journal entries are as follows :
December 31
Interest expense $30 (debit)
Note Payable $30 (credit)
January 30
Interest expense $30 (debit)
Note Payable $30 (credit)
Thus the repayment will be at the carrying cost of the note payable as follows :
Note Payable $1,060 (debit)
Cash $1,060 (credit)
Conclusion :
Entry for the repayment involve a Debit of Note Payable of $1,060 and a credit of Cash of $1,060.
A production possibilities frontier can shift outward if… Group of answer choices The economy abandons inefficient production methods in favor of efficient production methods. Economy experiences economic downturn. There is a technological improvement. Resources are shifted from the production of one good to the production of the other good.
Answer:
There is a technological improvement
Explanation:
A production possibilities frontier shows the two combinations of good an economy can produce when all its resources are fully employed.
points on the production possibilities frontier show efficient production
Points inside the production possibilities frontier show inefficient production
Points outside the production possibilities frontier show unattainable production given current resources.
Technological progress leads to a outward movement of the production possibilities frontier
If Resources are shifted from the production of one good to the production of the other good, there would be a movement along the production possibilities frontier from one point to another
A salesperson obtains several listings by going door-to-door in a neighborhood and warning residents that property values will drop once members of minority groups begin moving into the neighborhood. This would be considered:
Answer:
Blockbusting
Explanation:
Blockbusting is defined as a practice where agents persuade owners to sell properties at a lower price by creating fears that people of another race or class will enter the area and property prices will drop.
The properties are sold afterwards for higher prices, therefore the agent makes profit.
This is a tactic used in the United States by real estate agents to convince white people sell property at a cheap price by creating fear of minorities entering the neighbourhood
" Brad always buys and uses Nike brand golf balls. If he finds a Titlelist or Callaway ball in the rough, he gives it away. Brand loyal golfers like Brad allow Nike to charge a higher price and not lose many sales. Nike has effectively: "
Answer:
b. reduced the price elasticity of demand for its products.
Explanation:
The price elasticity of demand refers to the relationship between the percentage change in the price of a good and the percentage change in the quantity demanded
Like it in the question, it is mentioned that Nike charged a higher price and does not want to lose many sales which results that it declines the price elasticity of product demands
You are a vendor representative with a new line of fashion watches showing it to a new buyer. The costume jewelry buyer says she would like to buy the line but has too many lines of fashion watches in her assortment already that are not selling. She continues to complain that her worst-selling brand of watches will not help her out with any markdown allowances or take any of the merchandise back. She states that she is no longer buying any more merchandise from this line and will have to wait until it sells before she can bring in a new line of watches. What might you suggest or negotiate?
Answer:
Doing a buyback
Explanation:
Answer:
Since She states that she will no longer buy any more merchandise from this line and she will have to wait until it sells before she can bring in a new line of watches what i would or might you suggest or negotiate is for her to do a BUYBACK.
Therefore BUYBACK can be seen as something or item that have been repurchased due to some unresolved issues that has been reported by the initial owner but has since been resolved and it can as well mean an agreement to buy something in return.
Lastly BUYBACK can tend to be a sale whereby something that is been sold is repurchased from the buyer by either the seller or the initial owner.
Rose Holcomb is the CEO of Holcomb Engineering, a small but growing firm. She believes that the talents and abilities of her company’s employees are underutilized and wants to bring someone into the organization who can help her devise more effective human resource strategies. Thus, she has decided to hire her firm’s first human resource manager. Rose’s decision:
Answer: there will be a boost in the effectiveness of the workers and effectiveness utilization of their potentials. This is vital for the growth of the company and for the company to boost its profit and also gain competitive advantage over its competitors.
Explanation:
From the question, we are informed that Rose Holcomb is the CEO of Holcomb Engineering, a small but growing firm and she believes that the talents and abilities of her company’s employees are underutilized and therefore she decided to hire her firm’s first human resource manager who can help her devise more effective human resource strategies.
The likely result of this decision by Rose is that there will be a boost in the effectiveness of the workers and effectiveness utilization of their potentials. This is vital for the growth of the company and for the company to boost its profit and also gain competitive advantage over its competitors.