Answer:
The answer is 22 $
Explanation:
We calculate the contribution margin by following relation:
Contribution margin per unit = Selling price – Variable cost per unit
C = S - V
here S = 40$ and V = 18$
C = 40 - 18 = 22 $
The Phrase lasissez-faire means which of the following?
A: To control
B:To let be
C: To buy
D: To contribute
Match the given descriptions to the factors required for risk management by a business.
high ethical standards
contingency plan
general liability
surviving competition
Answer:
Many consumers are filing lawsuits against the company and its products. - general liability
Company executives insist their products exceed the legal standards to ensure the safety of customers - high ethical standards
Companies should have a back-up plan in case of disaster - contingency plan
Businesses need to stay afloat in the economy having many entities dealing with the same product or service - surviving competition
Explanation:
Answer:
Intraspecific competition among organism from the same species
Interference is organisms preventing others from using a resource
InTERspecific is competition among organisms of different species
Exploitation is (by process of eliminating choices) is exploitation
is the term used to describe the ideas that there is competition between buyers and sellers, and the articles for sale have essentially the same qualities, purposes, performance, and price.?
Pure or perfect competition is a theoretical market structure in which the following criteria are met:
All firms sell an identical product (the product is a "commodity" or "homogeneous").
All firms are price takers (they cannot influence the market price of their product).
Market share has no influence on prices.
Buyers have complete or "perfect" information—in the past, present and future—about the product being sold and the prices charged by each firm.
Resources for such a labor are perfectly mobile.
Firms can enter or exit the market without cost.
Explanation:
if it's helpful...... plzz like and follow
Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 38,000 Assets $ 27,300 Debt $ 6,700 Costs 32,600 Equity 20,600 Net income $ 5,400 Total $ 27,300 Total $ 27,300 The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. (Input all amounts as positive values. Do not round intermediate calculations.) What is the plug variable?
Answer:
Go up...Explanation:
The American Marketing Association Statement of Ethics identifies six key aspirational
ethical values, one of which is
Select one:
a. diversity.
b. integrity.
c. perseverance.
d. charity.
e. openness.
How has the 'gig economy' impacted variable and fixed costs for businesses?
Answer:
Throughout the following explanatory section, the essence of this issue is explained.
Explanation:
The Gig economy would be the economy in which employees are temporarily recruited underemployment needs and needs. Throughout the labor market there have been no permanent workers, but freelance employment.
Unless the jobs are recruited on an exclusive system, the variable costs are subject to different conditions and if enough staff is recruited at a certain time, those variable costs would escalate throughout the terms of additional pay.The certain fixed cost remains very similar, as variable costs adjust as employees increase or reduce, but fixed costs change accordingly.The following information is available for Trinkle Company for the month of June:
1. The unadjusted balance per the bank statement on June 30 was $81,500
2. Deposits in transit on June 30 were $3,150
3. A debit memo was included with the bank statement for a service charge of $40
4. A $5,611 check written in June had not been paid by the bank
5. The bank statement included a $950 credit memo for the collection of a note. The principal of the note was $900, and the interest collected amounted to $50
Required
Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)
Answer:
the true cash balance as on June 30 is $79,039
Explanation:
The computation of the true cash balance as on June 30 is given below:
Unadjusted Balance as Per Bank Statement on Jun 30 $81,500
Add: Deposit in Transit Jun $3,150
Less: Outstanding Check Jun30 $(5,611)
True Cash Balance As on Jun 30 $79,039
hence, the true cash balance as on June 30 is $79,039
Information of Company X:
Sales $160,000
Net income Dividends $12,400
Dividends $8,200
Total debt $64,000
Total equity $54,000
Required:
a. Calculate Company X's sustainable growth rate
b. In question (ii), we assume that Company X's management wants to maintain a constant debt-equity ratio and in the next year, the growth rate of Company X is what we've calculated in question (i).Calculate the amount of new debt that Company X has to take.
c.If Company X's management does not want any external financing, what would be the growth rate
Answer:
a. Calculate Company X's sustainable growth rate
sustainable growth rate = retention rate x return on equity
retention rate = ($12,400 - $8,200) / $12,400 = 33.87%
ROI = $12,400 / $54,000 = 22.96%
g = 33.87% x 22.96% = 7.78%
b. In question (ii), we assume that Company X's management wants to maintain a constant debt-equity ratio and in the next year, the growth rate of Company X is what we've calculated in question (i).Calculate the amount of new debt that Company X has to take.
I will assume that the whole debt is current debt and it changes proportionally as the company's sales grow.
EFN = ($118,000/$160,000) x ($12,448) - ($64,000/$160,000) x ($12,448) - (0.0775 x $172,448 x 0.0778) = $9,180 - $4,979 - $1,040 = $3,161
c. If Company X's management does not want any external financing, what would be the growth rate
ROA = $12,400 / $118,000 = 10.51%
Internal growth rate = (10.51% × 33.87%) / [1 - (10.51% × 33.87%)] = 3.56% / 0.9644 = 3.69%
The cash records of Crane Company show the following. For July:
1. The June 30 bank reconciliation indicated that deposits in transit total $730. During July, the general ledger account Cash shows deposits of $18,550, but the bank statement indicates that only $15,720 in deposits were received during the month.
2. The June 30 bank reconciliation also reported outstanding checks of $910. During the month of July, Crane Company books show that $18,540 of checks were issued, yet the bank statement showed that $16,020 of checks cleared the bank in July. For September:
3. In September, deposits per bank statement totaled $27,280, deposits per books were $26,010, and deposits in transit at September 30 were $2,850.
4. In September, cash disbursements per books were $23,110, checks clearing the bank were $24,460, and outstanding checks at September 30 were $2,380. There were no bank debit or credit memoranda, and no errors were made by either the bank or Crane Company.
Required:
a. In situation 1, what were the deposits in transit at July 31?
b. In situation (2), what were the outstanding checks at July 31?
c. In situation (3), what were the deposits in transit at August 31?
d. In situation (4), what were the outstanding checks at August 31?
Answer:
A. $3,560
B. $3,430
C. $4,120
D. $3,730
Explanation:
A. Calculation for the deposits in transit at July 31
July 1 Deposit in transit=$18,550 - ($15,720 - $730)
July 1 Deposit in transit=$18,550-$14,990
July 1 Deposit in transit= $3,560
Therefore the deposits in transit at July 31 were $3,560
B. Calculation for the outstanding checks at July 31
July 31 Outstanding checks=$18,540 - ($16,020 - $910)
July 31 Outstanding checks=$18,540-$15,110
July 31 Outstanding checks= $3,430
Therefore the outstanding checks at July 31 were $3,430
C. Calculation for the deposits in transit at August 31
August 31 Deposits in transit=$27,280 - $26,010 + $2,850
August 31 Deposits in transit= $4,120
Therefore the deposits in transit at August 31 were $4,120
D. Calculation for the outstanding checks at August 31
August 31 Outstanding checks=$24,460 - $23,110 + $2,380
August 31 Outstanding checks= $3,730
Therefore the outstanding checks at August 31 were $3,730
You should indicate that you are available for an interview in which part of a cover letter?
in the final paragraph
in the second paragraph
in the third paragraph
in the first paragraph
Answer: NOT the second paragraph
Explanation: ed 2021
Answer:
in the final paragraph
Explanation:
Which descriptions offer examples of Management and Entrepreneurship workers? Check all that apply.
Mona teaches potential customers how to use a product.
Bess supervises workers who help to improve the public’s perception of a company.
Julius organizes and oversees a company’s purchasing activities.
Charlie plans and arranges merchandise displays.
Debbie oversees the content of a website for a company that sells its product online.
Angelo directs the work of a company’s sales workers.
Answer:
bcf
Explanation:
edge 2021
Descriptions that offer examples of Management and Entrepreneurship workers are:
Bess supervises workers who help to improve the public’s perception of a company.Julius organizes and oversees a company’s purchasing activities.Angelo directs the work of a company’s sales workers.What is Entrepreneurship?The production or extraction of economic value is referred to as entrepreneurship. According to this definition, entrepreneurship is considered a transformation that often involves greater risk than is typical when beginning a firm and may also involve values other than just financial ones. A person who starts and/or invests in one or more enterprises, taking on the majority of the risks and reaping the majority of the gains, is referred to as an entrepreneur.
Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods. A person or organization that has the capacity to transform inventions or technology into goods and services is referred to in the economics literature as an entrepreneur.
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The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
Sales (6,500 Tams at $130 each) $845,000
Variable cost of sales 390,000
Variable distribution costs 65,000
Fixed advertising expense 275,000
Salary of product line manager 25,000
Fixed manufacturing overhead 145,000
Net loss ($55,000)
Clemson Company is trying to determine whether or not to discontinue the manufacture and sale of Tams. The operating results reported above for last year are expected to continue in the foreseeable future if the product is not dropped. The fixed manufacturing overhead represents the costs of production facilities and equipment that the Tam product shares with other products. Assume that discontinuing the Tam product would result in a $120,000 increase in the contribution margin of other product lines.
Required:
How many Tams would have to be sold next year for the company to be as well off as if it just dropped the line and enjoyed the increase in contribution margin from other products?
Answer:
See below
Explanation:
With regards to the above information, there would be no sales if Tam were to be dropped. Also, there would be no cost associated with it other than $145,000 fixed manufacturing overhead.
Again, since the net loss operating loss was $55,000, the $145,000 would increase that loss by $90,000.
Select all of the examples of a scenario in which the firm is demonstrating financial weakness.
a. An ROA of 0.7 when the industry average is 1.4.
b. A current ratio of 0.5.
c. An ROE of 1.4 when the industry average is 1.15.
d. A quick ratio above the industry average of 0.9.
e. A fixed asset ratio of 0.6 when the industry average is 1.1.
f. A debt capital ratio of 0.7 when the industry average is 0.15
Answer:
a. An ROA of 0.7 when the industry average is 1.4
b. A current ratio of 0.5.
f. A debt capital ratio of 0.7 when the industry average is 0.15
e. A fixed asset ratio of 0.6 when the industry average is 1.1
Explanation:
A return on the asset ration may be a profitable ratio that indicates the efficiency of the usage of the assets in any business. When the ratio is higher it is better. A lower ratio shows the financial weakness of a firm for utilizing the assets.
A 0.7 debt ratio that is higher than the industry average represents a higher leverage and the higher solvency risk.
The 0.6 fixed asset ratio shows a lower utilization of the fixed assets in the generation of the turnover. Hence, it shows a financial weakness.
Current ratio represents the coverage of the current assets for the meeting of a short term obligations. The ratio is desired to be 2.
Ratio of 0.5 shows a current asset that is not sufficient for meeting the current liabilities.
p + 8 = 18 help ineed helpppppp
Which of the following is not barrier to entrepreneurship ; lack of technical skills, political instability, technical knowledge, time pressure and distraction
Answer:
Technical knowledge
Q2. Describe three roles of the Government in a Planned or Command Econom
What are some of its function?
Answer:
Three roles of government in a planned economy:
*Planning economic activity: in a planned or command economy, the government actually plans the economy, in the sense that it determines the amount of goods and services to be produced an distributed over a period of time. In the Soviet Union for example, this period of time was of 5 years.
*Owning businesses: in planned or command economies, most or all firms are public, since private property usually does not exist in this type of economices. These firms tend to have a high degree of government control, where directly in the form of government ownership, or indirectly.
*Setting prices: a key characteristic of a planned economy is that prices are set beforehand. They are not left for the market to decide.
critics of classical management theory
discribe the characteristic of Functional project organization ?
Explanation:
It consists of a group of individuals which may be large or small. The group of individuals work under the direction of executive leadership. It establishes definite relationship between the divided units. It is established for the attainment of common objective.
2.
Which form of interest provides the greater return?
a. simple
b. compound
C. complex
d. fragment
A clothing store sells T-shirts, t, for $8 a shirt and shorts, s, for $12 each. The
store earned $216 in revenue last month. The store sold three times as many
T-shirts as shorts. Which system of equations represents this scenario?
O A. 12t + 8s = 216; t = 3 + S
B. 8t+ 12s = 216; t = 3s
C. 8t + 12 s = 216; t = 3 + S
D. 12t+ 8s = 216; t = 3s
Answer:
b.
Explanation:
The store sold three times as many T-shirts as shorts the system of equations represents this scenario is 8t + 12 s = 216; t = 3 + S.
Let's start by setting up the equations. Let s be the number of shorts sold and t be the number of T-shirts sold.
From the problem, we know that:
The price of each T-shirt is $8 and the price of each short is $12. The revenue earned from selling s shorts is 12s and the revenue earned from selling t T-shirts is 8t.
The total revenue earned is $216. Therefore, we have the equation:
12s + 8t = 216
The store sold three times as many T-shirts as shorts. This gives us the equation:
t = 3s
Now we can substitute t = 3s into the first equation and solve for s:
12s + 8(3s) = 216
12s + 24s = 216
36s = 216
s = 6
Substituting s = 6 into t = 3s, we get:
t = 3(6)
t = 18
Therefore, the store sold 18 T-shirts and 6 shorts.
Checking the answer, we see that:
Revenue from T-shirts = 18 x $8 = $144
Revenue from shorts = 6 x $12 = $72
Total revenue = $144 + $72 = $216
So the answer is (C) 8t + 12s = 216; t = 3 + S.
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Calculate the unit product cost under absorption costing using the following information.
Direct materials: $50/unit
Direct labor: $75/Unit
Variable manufacturing overhead:$27/Unit
Fixed manufacturing overhead: $30,000
Units produced: 10,000
Units sold: 6,000
Answer:
See below
Explanation:
With regards to the above, the unit product cost is calculated as;
= Fixed manufacturing overhead / units produced
Given that;
Fixed manufacturing overhead = $30,000
Unit produced = 10,000
Then,
Units product cost under absorption costing ;
= $30,000 / 10,000
= $3 unit product cost under absorption costing
Can someone please help me on this
Answer:
The question that corresponds to this is
Explanation:
Brent called insurance companies and got insurance quotes for the three trucks. Both the 1996 Ford F150 and the 1998 Chevy 1500 were quoted for $250 and the 2000 Toyota Tundra was quoted for $245. To help Brent make his decision gather some more reliable information by using newspapers, or looking at their Web sites, and reviewing consumer magazines and Web sites. Also, look at the manufacturer Web site or www.fueleconomy.gov for information about gas mileage. List the sources you use and include the notes you take from each source.
do you agree that the quality of interaction is directly proportional to the effectiveness of the manager why? helppppp please
Answer:
I agree
Explanation:
I agree that the quality of interaction of interaction is directly proportional to the effectiveness of the manager because it shows how a manager is guiding it's employess to provide a good customer service to it's customers. A manager is to put structure in the business.
What role does budget play and why exhibiting responsible money management behavior is important to reaching future financial goals?
Answer:
Some entities will follow a top-down mandatedapproach to budgeting. These budgets will begin with upper-level management establishing parameters under which the budget is to be prepared. These parameters can be general or specific. They can cover sales goals, expenditure levels, guidelines for compensation, and more. Lower-level personnel have very little input in setting the overall goals of the organization.
Explanation:
The following information relates to a product produced by Bayfield Company:Direct materials $50Direct labor 35Variable overhead 30Fixed overhead 40Unit cost $155Fixed selling costs are $1,000,000 per year. Although production capacity is 900,000 units per year, Bayfield expects to produce only 800,000 units next year. The product normally sells for $180 each. A customer has offered to buy 60,000 units for $150 each. The customer will pay the transportation charge on the units purchased.Requirements:1) Compute the effect on income if Bayfield accepts the special order.2) If Bayfield accepts the special order, how much could normal sales drop before all of the differential profits disappear?
Answer:
1. Effect on Income = Additional Order*(Purchase Price - (Direct Material + Direct Labor + Variable Overhead))
Effect on Income = 60,000*(150 - (50+35+30))
Effect on Income = 60,000*(150 - 115)
Effect on Income = 60,000 units * $35
Effect on Income = $2,100,000
Net Income would increase by $2,100,000
2. Drop in Sales = Increase in Net Income/(Normal Sales Price - Total Variable Costs)
Drop in Sales = $2,100,000/(180 - 115)
Drop in Sales = $2,100,000/65
Drop in Sales = 32307.69231
Drop in Sales = $32,307.69
On January 1, 2016, D Corp. granted an employee an option to purchase 8,500 shares of D's $3 par common stock at $21 per share. The options became exercisable on December 31, 2017, after the employee completed two years of service. The option was exercised on January 10, 2018. The market prices of D's stock were as follows: January 1, 2016, $31; December 31, 2017, $57; and January 10, 2018, $45. An option pricing model estimated the value of the options at $8 each on the grant date. For 2016, D should recognize compensation expense of:A. $ 0.B. $131,750.C. $25,500.D. $34,000.
Answer:
D. $34,000
Explanation:
Calculation for what D should recognize as compensation expense
First step is to calculate the total compensation
Total compensation=$8*8,500
Total compensation= $68,000
Now let calculate the compensation expense
Compensation expense=$68,000 ÷ 2 years
Compensation expense=$34,000
Therefore what D should recognize as compensation expense is $34,000
how can planning and forecasting positively affect your operation
Cupola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2018. Debt issue costs were $1,500. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2019), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs.Required:1. Prepare the journal entry to record the issuance of the bonds.2. Prepare the journal entries to record the payment of interest and amortization of debt issue costs on December 31, 2018.3. Prepare the journal entries to record the payment of interest and amortization of debt issue costs on June 30, 2019.4. Prepare the journal entry to record the call of the bonds.
Answer:
1. June 30,2018
Dr Cash $383,500
Cr Bonds Payable $383,500
2. December 31,2018
Dr Interest Expense $20,825
Cr Bonds Payable $825
Cr Cash $20,000
3. June 30,2019
Dr Interest Expense $20,825
Cr Bonds Payable $825
Cr Cash $20,000
4. July 1,2019
Dr Bonds Payable $385,150
Dr Loss on retirement of Bonds $9,850
Cr Cash $395,000
Explanation:
1. Preparation of the journal entry to record the issuance of the bonds
For the Year 2018 & 2019
June 30,2018
Dr Cash $383,500
Cr Bonds Payable $383,500
($385,000-$1,500)
(Being To Record the issuance of Bonds)
2. Preparation of the journal entries to record the payment of interest and amortization of debt issue costs on December 31, 2018
December 31,2018
Dr Interest Expense $20,825
Cr Bonds Payable $825
Cr Cash $20,000
($400,000×10/100×6/12)
(Being To Record the Interest Expense)
3. Preparation of the journal entries to record the payment of interest and amortization of debt issue costs on June 30, 2019
June 30,2019
Dr Interest Expense $20,825
Cr Bonds Payable $825
Cr Cash $20,000
($400,000×10/100×6/12)
(Being To Record the Interest Expense)
4. Preparation of the journal entry to record the call of the bonds.
July 1,2019
Dr Bonds Payable $385,150
($383,500+$825+$825)
Dr Loss on retirement of Bonds $9,850
[$395,000-($383,500+$825+$825)]
Cr Cash $395,000
(Being To Record the early retirement of Bonds)
Calculations for the Amortization of Debt cost
First step is to calculate the Total cost incurred on issuance of Bonds Payable
Total cost incurred on issuance of Bonds Payable=($15,000+$1,500)
Total cost incurred on issuance of Bonds Payable=$16,500
Second step is to calculate The cost amortize annually
Cost amortize annually=($16,500×10/100)
Cost amortize annually=$1,650
Third step is to calculate the Amortization cost on December 31,2018 & June 30,2019
Amortization Cost for 6 months=($1,650×6/12)
Amortization Cost for 6 months=$825
T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $450. By the end of April, the fund has a cash balance of $383. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items:
Utilities (credit card) $119
Entertainment (petty cash ) 28
Stamps (petty cash) 43
Plumbing repair services (credit card) 214
Required:
a. Record the establishment of the petty cash fund on April 3.
b. Record credit card expenditures during the month. The credit card balance is paid in full on April 30.
c. Record petty cash expenditures during the month.
Answer:
A. 04/03
Dr Petty Cash $450
Cr Cash $450
B. 04/30
Dr Utilities Expense $119
Dr Maintenance and Rep $214
Cr Cash $333
C. 04/30
Dr Entertainment Expense $28
Dr Stamp expense $43
Cr Cash $71
Explanation:
Preparation of the journal entries
A. 04/03
Dr Petty Cash. $450
Cr Cash $450
(Being to record the establishment of the petty cash fund on April 3)
B. 04/30
Dr Utilities Expense $119
Dr Maintenance and Rep $214
Cr Cash $333
($114+$214)
(Being to record credit card expenditures during the month)
C. 04/30
Dr Entertainment Expense $28
Dr Stamp expense $43
Cr Cash $71
(28+43)
(Being to Record petty cash expenditures during the month)
Discuss the scope of financial management in an economy, which is facing a recession.