Answer:
Wolverine Corp.
a. The accounting rate of return = 50%
b. The payback period = 6 years ($200,000 * 6)
c. The net present value = ($39,600)
d. The net present value at 15% = ($237,200)
Explanation:
a) Data and Calculations:
Initial investment cost in new equipment = $1,200,000
Annual incremental net income from cost savings = $200,000
Salvage value of the new equipment = $200,000
Estimated useful life of equipment = 8 years
Hurdle rate = 10%
a. Accounting rate of return = (($200,000 * 8 + $200,000) - $1,200,000)/$1,200,000
= ($1,800,000 - $1,200,00)/$1,200,000
= $600,000/$1,200,000 * 100 = 50%
NPV at 10% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 5.335 = $1,067,000
Salvage value = $200,000 * 0.467 93,400
Total benefits $1,160,400
NPV = ($39,600)
NPV at 15% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 4.487 = $897,400
Salvage value = $200,000 * 0.327 65,400
Total benefits $962,800
NPV = ($237,200)
Many companies secure financing from various sources with various payback periods. Not all funding sources are the same, and in fact, some can come with a pretty high cost to the firm. These costs could include high interest rates, long payback periods, and increased ownership in the firm which could result in lost control.
Analyze the funding options listed, and determine if the option is usually a short-term or long-term strategy.
a. Line of credit
b. Commercial paper
c. Trade credit
d. Bank load of 10 months
e. Bond
f. Stock
g. Bank load of 20 months
Answer and Explanation:
The classification of the funds as a short term or long term strategy as follows;
a. Line of credit = short term financing
b. Commercial paper = short term financing
c. Trade credit = short term financing
d. Bank load of 10 months = short term financing
e. Bond = long term financing
f. Stock = long term financing
g. Bank load of 20 months = long term financing
In this way, the classifications of the funds has to be done
Suppose the Digby company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing costs and passing the savings to the customers, what strategy would they be implementing
Answer:
Niche cost leader strategy
Explanation:
In simple words, A niche cost pioneer or leader aims to exploit consumer markets that are price responsive. Its objective is to undercut all rivals' costs while remaining sustainable. Under this business strategy, the producer try to create a strong customer base by offering lower prices as it is the best motivation for the customer to try a specific product.
Thus, from the above we can conclude that the correct answer is niche cost leader.
2. For the fiscal year of 2017, Excel Sports Inc. had a net income of $255,000 and paid out $51,000 as common dividend. Meanwhile, the retained earnings in its 2017 Balance Sheet was $1,297,000. How much was the retained earnings in its 2016 Balance Sheet
Answer:
$1,093,000
Explanation:
Given the above information, retained earnings in the balance sheet for 2016 would be computed as;
Beginning retained earnings + Net income - Dividends = Ending retained earnings
Fixing in the values, then we'll have
Beginning retained earnings + $255,000 - $51,000 = $1,297,000
Beginning retained earnings = $1,297,000 - $255,000 + $51,000
Beginning retained earnings = $1,093,000
It therefore means that the sum of $1,093,000 is the retained earnings in Excel Sports Inc. 2016 balance sheet.
Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables:
May 24 Sold merchandise on account to Old Town Cafe, $19,400. The cost of goods sold was $14,000.
Sept. 30 Received $4,100 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible.
Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $15,300 cash in full payment.
Answer:
Zippy Interiors Company
Journal Entries:
May 24 Debit Accounts receivable (Old Town Cafe) $19,400
Credit Sales revenue $19,400
To record the sale of goods on account.
Debit Cost of goods sold $14,000
Credit Inventory $14,000
To record the cost of goods sold.
Sept. 30 Debit Cash $4,100
Debit Allowance for Uncollectible Accounts $15,300
Credit Accounts receivable (Old Town Cafe) $19,400
To record the receipt of cash and write-off of balance as uncollectible.
Dec. 7 Debit Accounts receivable (Old Town Cafe) $15,300
Credit Allowance for Uncollectible Accounts $15,300
To revise the previously written-off uncollectible account.
Debit Cash $15,300
Credit Accounts receivable (Old Town Cafe) $15,300
To record the receipt of cash in full settlement of account.
Explanation:
a) Data and Calculations:
May 24 Accounts receivable (Old Town Cafe) $19,400 Sales revenue $19,400 Cost of goods sold $14,000 Inventory $14,000
Sept. 30 Cash $4,100 Allowance for Uncollectible Accounts $15,300 Accounts receivable (Old Town Cafe) $19,400
Dec. 7 Accounts receivable (Old Town Cafe) $15,300 Allowance for Uncollectible Accounts $15,300
Cash $15,300 Accounts receivable (Old Town Cafe) $15,300
Coakley Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs $56 to buy from farmers and $18 to crush in the company's plant. Two intermediate products, beet fiber, and beet juice emerge from the crushing process. The beet fiber can be sold as is for $32 or processed further for $24 to make the end product industrial fiber that is sold for $44. The beet juice can be sold as is for $52 or processed further for $32 to make the end product refined sugar that is sold for $78. How much profit (loss) does the company make by processing the intermediate product beet juice into refined sugar rather than selling it as is?
a. $(6)
b. $(12)
c. $(39)
d. $(60)
Answer:
The answer is A. $ 6
Explanation:
If the beet juice is sold as is:
Selling price: $52
Costs: $56 + $18 = $74
Loss: $(22)
If beet juice is processed into sugar and sold:
Selling price: $78
Costs: $56+ $18+ 32= $106
Loss:($28)
Therefore there is an additional $6 loss.
Ford Motor Company is considering launching a new line of hybrid diesel-electric SUVs. The heavy advertising expenses associated with the new SUV launch would generate operating losses of million next year. Without the new SUV, Ford expects to earn pre-tax income of $80 million from operations next year. Ford pays a 35% tax rate on its pre-tax income. The amount that Ford Motor Company owes in taxes next year without the launch of the new SUV is closest to ________ million.
Answer:
$28 million
Explanation:
Without the new SUV, Ford expects to earn pre-tax income of $80 million next year. Now as the SUV is not launched, we would not account for operating losses of $35 million next year. So, the Ford pays taxes on pre-tax income of $80 million next year without the new SUV launch.
The amount that Ford Motor Company owes in taxes next year:
= Tax rate * Pre-tax income
= 35% * $80 million
= $28 million
So, the amount that Ford Motor Company owes in taxes next year without the launch of the new SUV is $28 million
The Laramie Factory produces expensive boots. It has two departments that process all the items. During January, the beginning work in process in the tanning department was 40% complete as to conversion and 100% complete as to direct materials. The beginning inventory included $6,000 for materials and $18,000 for conversion costs. Ending work-in-process inventory in the tanning department was 40% complete. Direct materials are added at the beginning of the process. Beginning work in process in the finishing department was 60% complete as to conversion. Beginning inventories included $7,000 for transferred-in costs and $10,000 for conversion costs. Ending inventory was 30% complete. Additional information about the two departments follows: Tanning Finishing Beginning work-in-process units 5,000 4,000 Units started this period 14,000 ? Units transferred this period 16,000 18,000 Ending work-in-process units ? 2,000 Material costs added $18,000 ? Conversion costs 32,000 $19,000 Transferred-out cost 50,000 ?
Required: Prepare a production cost worksheet using weighted-average costing for the finishing department.
Answer:
The Laramie Factory
Finishing Department
Production Cost Worksheet, using weighted-average costing
Cost assigned to: Materials Conversion Total
Units transferred out $66,348 $28,062 $94,410
Ending work in process 7,372 935 8,307
Total cost accounted for $73,720 $28,997 $102,717
Explanation:
a) Data and Calculations:
Materials Conversion
Tanning Finishing Tanning Finishing
Beginning work in process 100% 100% 40% 60%
Cost of beginning WIP $6,000 $7,000 $18,000 $10,000
Ending work in process 100% 100% 40% 30%
Additional information:
Tanning Finishing
Beginning work-in-process units 5,000 4,000
Units started this period 14,000 16,000
Units transferred out this period 16,000 18,000
Ending work-in-process units 3,000 2,000
Materials Conversion
Tanning Finishing Tanning Finishing
Beginning work in process 100% 100% 40% 60%
Beginning work in process done this period 60% 40%
Ending work in process 100% 100% 40% 30%
Cost of beginning WIP $6,000 $7,000 $18,000 $10,000
Costs added 18,000 $66,720 32,000 19,000
Total costs of production $24,000 $73,720 $50,000 $29,000
Transferred-out cost
Equivalent units
Materials Conversion
Tanning Finishing Tanning Finishing
Units started and completed 16,000 18,000 16,000 18,000
Ending work-in-process units 3,000 2,000 1,200 600
Equivalent units of production 19,000 20,000 17,200 18,600
Cost per equivalent units Materials Conversion
Tanning Finishing Tanning Finishing
Total cost of production $24,000 $73,720 $50,000 $29,000
Equivalent units of production 19,000 20,000 17,200 18,600
Cost per equivalent unit $1.263 $3.686 $2.907 $1.559
Tanning Department
Cost assigned to: Materials Conversion Total
Units transferred out $20,208 $46,512 $66,720
Ending work in process 3,789 3,488 7,277
Total costs $23,997 $50,000 $73,997
Finishing Department
Cost assigned to: Materials Conversion Total
Units transferred out $66,348 $28,062 $94,410
Ending work in process 7,372 935 8,307
Total cost accounted for $73,720 $28,997 $102,717
Your dad has been away abroad for weeks ob a business trip and all has not been well at home. Write a letter informing him to intervene right away to restore sanitary at home no peace.
Vandelay Industries' VP of support wants an automated way to notify the support team when an unresolved case has been open for over six hours. Which feature should be used to alert support managers when a case has been open for more than six hours
Answer:
Escalation rules
Explanation:
Escalation rules are provisions in a software that allows it to reroute a case that meets certain criteria such as number of hours it stays open and unresolved.
Escalation rules are used on software Salesforce CRM package to escalate cases that need attention.
In the given instance where the Vandelay Industries' VP of support wants an automated way to notify the support team when an unresolved case has been open for over six hours, escalation rules can be used to alert support managers.
Joe obtained a box of antique Lenox china dishes that had been left at the town dump. He supplemented the sizeable buy incomplete set of dishes with other Lenox pies found at antique dealers. At dinner parties, he proudly told of the origin of the china. When Marlene discovered that Joe had taken her dishes from the town dump, she hired an attorney to obtain their return. What result?
Answer:
The result of Marlene hiring an attorney to obtain her return would only be successful if she did not voluntarily give up her right to ownership of the plates and can provide an evidence to that effect
Explanation:
The result of Marlene hiring an attorney to obtain her return would only be successful if M can produce an evidence showing that she did not intentionally dump the plates into the town dump ( i.e. she did not voluntarily give up her right to ownership of the plates ) If not the plates will be transferred to give to Joe under the code name " finders keepers "
Alt Corporation enters into an agreement with Yates Rentals Co. on January 1, 2021 for the purpose of leasing a machine to be used in its manufacturing operations. The following data pertain to the agreement:
(a) The term of the noncancelable lease is 3 years with no renewal option. Payments of $574,864 are due on January 1 of each year.
(b) The fair value of the machine on January 1, 2021, is $1,600,000. The machine has a remaining economic life of 10 years, with no salvage value. The machine reverts to the lessor upon the termination of the lease.
(c) Alt depreciates all machinery it owns on a straight-line basis.
(d) Alt’s incremental borrowing rate is 10% per year. Alt does not have knowledge of the 8% implicit rate used by Yates.
(e) Immediately after signing the lease, Yates finds out that Alt Corp. is the defendant in a suit which is sufficiently material to make collectibility of future lease payments doubtful. If Alt accounts for the lease as an operating lease, what expenses will be recorded as a consequence of the lease during the fiscal year ended December 31, 2021?
a. Amortization Expense
b. Lease Expense
c. Interest Expense
d. Amortization Expense and Interest Expense
If Alt accounts for the lease as an operating lease, these are the Amortization Expense and Interest Expense that will be recorded as a consequence of the lease during the fiscal year ended December 31, 2021. Hence, Option D is correct.
What is the meaning of the term “Expense”?An expense is something that requires paying cash, or fortune in general, to another person or organization in exchange for a good, service, or other kind of cost. Rent is an expense for a tenant. Tuition is an expense for both parents and students.
An expense is a cost a firm faces while carrying out its operations. Payroll costs, maintenance costs, rent costs, and depreciation are all expenses. Profits are calculated by deducting expenses from revenue.
These expenses will be incurred as a result of the lease throughout the fiscal year that ends on December 31, 2021, if Alt treats the lease as an operational lease.
Therefore, Option D is correct.
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Cabot Company manufactures two products, Product C and Product D. The company estimated it would incur $177,910 in manufacturing overhead costs during the current period. Overhead currently is applied to the products on the basis of direct labor hours. Data concerning the current period's operations appear below:
Product C Product D
Estimated volume 3,800 units 3,000 units
Direct labor hours per unit 1.20 hours 0.80 hour
Direct materials cost per unit $11.60 $23.70
Direct labor cost per unit $10.80 $7.20
Requried:
a-1. Compute the predetermined overhead rate under the current method.
a-2. Determine the unit product cost of each product for the current year.
b. The company is considering using an activity-based costing system to compute unit product costs for external financial reports instead of its traditional system based on direct labor-hours. The activity-based costing system would use three activity cost pools. Data relating to these activities for the current period are given below:
Activity Cost Pools Estimated Overhead Costs Expected Activity
Product C Product D Total
Machine setups $12,890 180 190 370
Purchase orders 77,340 960 1,300 2,260
General factory 94,680 7,885 5,025 12,910
Total $184,910
Determine the unit product cost of each product for the current period using the activity-based costing approach.
Answer:
Results are below.
Explanation:
a)
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 177,910 / (1.2*3,800 + 0.8*3,000)
Predetermined manufacturing overhead rate= $25.56 per direct labor hour
Now, we can allocate overhead to each Product line:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Product C= 25.56*4,560= $116,553.6
Product D= 25.56*2,400= $61,344
Unitary overhead Product C= 116,553.6/3,800= $30.67
Unitary overhead Product D= 61,344/3,000= $20.45
Finally, the unitary cost per product:
Product C= 30.67 + 11.6 + 10.8= $53.07
Product D= 20.45 + 23.7 + 7.2= $51.35
b)
First, we need to calculate the activities rates:
Machine setups= 12,890/370= $34.84
Purchase orders= 77,340/2,260= $34.22
General factory= 94,680/12,910= $7.33
Now, we allocate costs to each product:
Product C:
Machine setups= 34.84*180= 6,271.2
Purchase orders= 34.22*960= 32,851.2
General factory= 7.33*7,885= 57,797.05
Total= $96,919.45
Product D:
Machine setups= 34.84*190= 6,619.6
Purchase orders= 34.22*1,300= 44,486
General factory= 7.33*5,025= 36,833.25
Total= $87.938.85
Finally, the unitary overhead and unitary total cost:
Product C:
Unitary overhead= 96,919.45/3,800= $25.51
Unitary product cost= 25.51 + 11.6 + 10.8= $47.91
Product D:
Unitary overhead= 87,938.85/3,000= $29.31
Product D= 29.31 + 23.7 + 7.2= $60.21
The following information is available for Tamarisk Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier $33,000 Acquisition of equipment for cash 12,000 Proceeds from the sale of long-term investment at book value 25,000 Issuance of common stock for cash 21,800 Depreciation expense 25,000 Redemption of bonds payable at carrying (book) value 38,100 Payment of cash dividends 6,500 Net income 33,500 Purchase of land by issuing bonds payable 40,800 In addition, the following information is available from the comparative balance sheet for Tamarisk at the end of 2022 and 2021: 2022 2021 Cash $165,000 $91,000 Accounts receivable (net) 33,500 17,200 Prepaid insurance 19,900 13,600 Total current assets $218,400 $121,800 Accounts payable $34,400 $18,400 Salaries and wages payable 6,200 7,300 Total current liabilities $40,600 $25,700 Prepare Tamarisk's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
TAMARISK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flow From Operating Activities Net Income Adjustments to reconcile net income to S $
Answer:
Let me give you an example of a segment addition problem that uses three points that asks the student to solve for x but has a solution x = 20.
First, I assumed values for each x, y and z and then manipulated their coefficients to get the total at the end of each equation.
20 + 10 +30 = 60
40 + 0 + 40 = 80
40 + 10 = 50
Then exchangeing these numbers into values and we have the following equation.
x + 2y + 3z = 60
2x + 4z = 80
2x + z = 50
If you will solve them m bcccbvqcve2anually by substituting their variables into these equations, you can get
x = 20
y = 5
z = 10
Explanation:
In 2019, Henry Jones (Social Security number 123-45-6789) works as a freelance driver, finding customers using various platforms like Uber and Grubhub. He is single and has no other sources of income. In 2019, Henry's qualified business income from driving is $61,200. Assume Henry takes the standard deduction of $12,200. Click here to access the 2019 individual tax rate schedule to use for this problem. Assume the QBI amount is net of the self-employment tax deduction.
Required:
a. Compute Henrys QBI deduction and his tax liability for 2019.
b. Complete Henry's 2019 Form 8995 (Qualified Business Income Deduction Simplified Computation).
Answer:
a. QBI Deduction = $9,800
Tax liability = $4,510
Explanation:
a. The BI deduction in 2019 was 20% of the qualified business income in excess of the standard deduction:
QBI deduction = (61,200 - 12,200) * 20%
= $9,800
We then use this to find the taxable income:
= Qualified business income - standard deduction - QBI deduction
= 61,200 - 12,200 - 9,800
= $39,200
Tax liability for a single person in 2019 as shown by the attached file is:
= 970 + 12% * (39,200 - 9,700)
= 970 + 3,540
= $4,510
b. Form not attached but the main item should be the taxable income which is calculated above.
n order for an item to be considered a gift: Group of answer choices a. It must be given without any characteristics of control left with the giftor. b. The item cannot be exchanged for an agreement to provide a contra gift or service. c. It must represent a contract. d. Both a and b are required for an item to be considered a gift. e. Both a and c are required for an item to be considered a gift.
Answer:
a. It must be given without any characteristics of control left with the giftor.
b. The item cannot be exchanged for an agreement to provide a contra gift or service.
Explanation:
According to the Internal revenue system (IRS) gift means any transfer made to an individual either in direct way or indirect and the full considered would not be collected in return. In other way, lets take an example that you gave a big amount check and gift some investment to the individual other than your dependent or your wife so here it means you gave a gift
Therefore the option a and b is correct
A certain item cost Tshs 235 per ton. the monthly requirements are 5 tons and each time the stock is replenished. There is step up of Tshs 1000. the costs of carrying inventory has been estimated at 10% of the value of the stock per year. (a) what is the optimal order quantity? (b) what is the optimal total costs? (c) determine the optimal time between to order. (d) what is the optimal number of order?
Answer:
Russian Roulete
Explanation:
Sheryls's business sells a single product. The following information was gathered from Sheryls's records: Price $97.00 per unit Variable costs are 67% of sales price The company's fixed costs are $400,000 annually Current sales total is 16,000 units Target profit before tax $33,000 Budgeted sales total is 15,000 units How many units does Sheryls's business need to sell to break even
Answer:
12,497 units
Explanation:
Break even unit = Fixed Cost ÷ Contribution per unit
= $400,000 ÷ $97.00 x 33%
= 12,497 units
Sheryls's business need to sell 12,497 units to break even
Type the first thing that come to your mind
Answer:
testing </3
Explanation:
Answer:
i like your pfp because its a cat
The Holdsworth Corporation has purchased an executive jet. The company has agreed to pay $201,100 per year for the next 10 years and an additional $2,011,000 at the end of the 10th year. The seller of the jet is charging 8% annual interest.
Required:
Determine the liability that would be recorded by Jenkins.
Answer:
$2,280,872
Explanation:
The computation of the liability that would be recorded by Jenkins is shown below
= Payment per year × annuity factor at 8% for 10 years + extra amount × discounting factor at 8% and 10 year
= $201,100 × 6.71008 + $2,011,000 × 0.46319
= $1,349,397 + $931,475
= $2,280,872
hence, the liability is $2,280,872
Ginger feels like she is very qualified for a Revenue job. Which qualifications does Ginger most likely have?
foreign language fluency, communication skills, and teamwork
physical fitness, stress management, and communication skills
public speaking skills, stress management, and debating skills
integrity, ability to analyze tax forms, and good math skills
integrity, ability to analyze tax forms, and good math skills.
Answer:
integrity, ability to analyze tax forms, and good math skills.
Explanation:
why do conduction band electrons posses very high energy's.h
Just because of band gap. The forbidden energy gap keeps the conduction band at high energy by an amount to equal to band gap energy from the valence band edge. If you compare energies of electrons present in conduction band and valence band, they significantly differ by an amount equal to band gap energy. The low energy electron presents in a valence band requires an energy equal to band gap energy to excite to conduction band. Consequently, the electrons present in conduction band possess high energy compared to electrons present in valence band. At absolute zero K, the low energy states present in valence band are usually completely occupied where as the high energy states present in the conduction band are unoccupied.
The best definition of a financial restatement is:________.
a. A company, either voluntarily or under prompting by its auditors or regulators, revises its public financial information that was previously reported
b. An adjustment of financial information due to an error correction
c. A company, either voluntarily or under prompting by its auditors or regulators, revises its public financial information for the current period
d. All are part of the definition
On January 1, 2020, Coronado Industries purchased land for an office site by paying $2650000 cash. Coronado began construction on the office building on January 1. The following expenditures were incurred for construction:
Date Expenditures
January 1, 2020 $1830000
April 1, 2020 2510000
May 1, 2020 4500000
June 1, 2020 4870000
The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3630000 was borrowed on January 1, 2020 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2020 was a $1520000, 12%, 6-year note payable dated January 1, 2020. Assume the weighted-average accumulated expenditures for the construction project are $4360000. The amount of interest cost to be capitalized during 2020 is:_______
a. $509100.
b. $392400.
c. $414300.
d. $454650.
Answer:
D I think because I just think
Santos Unlimited (SU) was originally unlevered with 4200 shares outstanding. However, after a major financial restructure, SU now has $37000 of debt, with an annual interest expense of 8 percent. The restructuring has reduced the number of shares to 3800. A group of shareholders of SU are not convinced that this move towards adopting financial leverage is a good idea. Their main argument is that there is now some range of EBIT, however low, that will make the shareholders worse off than before.
Required:
Help understand the situation better by computing the level of earnings before interest and tax (EBIT) that would make shareholders indifferent between being unlevered (i.e. not having any debt) and levered (i.e. having debt). Assume a 34 percent corporate tax rate.
Answer:
Unlevered Levered
EAT EBIT * (1-t) EBIT - Interest - Tax
No. of shares 4,200 3,800
Payoff per share holder = EAT / Number of shares. At Indifference point, per share payoff should be equal in both cases
EBIT * 0.66 / 4,200 = (EBIT - (37,000*8%) * 0.66) / 3,800
0.66*EBIT / 4,200 = [0.66*EBIT - 2,960*0.66] / 3,800
3,800 * 0.66EBIT = 4,200*[0.66EBIT - 1,954]
2,508 EBIT = 2,772 EBIT - 8,206,800
2,772 EBIT - 2,508 EBIT = 8,206,800
264 EBIT = 8,206,800
EBIT = 8,206,800/264
EBIT = 31086.36363636364
EBIT = $31,086.36
Do you think that some people have difficulty talking to others face-to-face because of how prevalent texting is today? When you have an issue that you need to discuss with someone, do you prefer to sit down and talk it out, handle it through texting or social media, or some other form of written communication? Write your response to the following questions in a 5-7 sentence paragraph below (Please help asap)
Suppose that in your first year of college you spend $31,300.00 more than you eam. In your second year, your expenses increase a bit, leading you to spend $31.900.00 more than you earn. This gap goes to $32.150.00 in your third year of college, then falls a bit to $32,150.00 in your fourth and final year ist attempt What is your deficit in your third year of college? s s How much debt do you have that year? S
Answer: See explanation
Explanation:
Based on the information provided in the question, the deficit in the 3rd year of college will be: = $32,150
The total debt that one owes in the 3rf year will then be the addition of the debts from the 1st to the 3rd year and this will be:
= $31,300 + $31,900 + $32,150
= $63,232
Answer:
1. $32,150
2. $95,350
Explanation:
The deficit in the third year is given in the introduction: $32,150
The deficit measures how expenditures in a given year match up with earnings, whereas the debt is the total accumulation of deficits.
The debt after your third year is the sum of the deficits from your first three years: $31,300 + $31,900 + $32,150 = $95,350
Globe Travel Agency sells Spring Break trips to University of Houston undergraduate students. The fixed cost of Globe is $100,000 and its variable cost is $400 for every student who takes the trip Globe offers. The price elasticity of demand is -2.5 at all levels of price. At present, the price of the trip is $600/student and, at this price, demand is 1200 units. Assume that the number of trips sold always equals demand.
Required:
Compute the breakeven quantity at current price, P =$600.
Answer:
the breakeven quantity at current price is 500 units
Explanation:
The computation of the breakeven quantity at current price is shown below:
Breakeven point = Fixed cost ÷ (Price per unit - variable cost per unit)
= $100,000 ÷ ($600 - $400)
= 500 units
Hence, the breakeven quantity at current price is 500 units
We simply used the above formula so that the correct units could arrive
A business owner decides to give all her employees a living wage and benefits, including any new employees.
Which social responsibility stance did the business owner demonstrate?
Answer:
Proactive stance.
Explanation:
In Business management, social responsibility can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society and the people, usually as it conducts its business operations.
Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc. It is also referred to as corporate social responsibility (CSR).
In this scenario, a business owner gave all her employees a living wage and benefits, which is also applicable to any new employees. Thus, the social responsibility stance which the business owner demonstrate is proactive stance.
A proactive stance can be defined as voluntary business practices adopted by an organization or business firm beyond the standard regulatory practice, so as to actively enhance and facilitate growth and development in a society.
Jonathon Maine is the inventory control manager of the Aucetics Company. In 2020, the annual demand for product X was 7500 units, and the order quantity Q was set to be 535 units per order. Jonathon Maine is planning for next year inventory. The annual demand of product X is expected to remain the same (7500 units per year). Utilizing the EOQ model, if Jonathon changes the order quantity Q to 680 units per order, the total annual ordering cost wil:__________
Answer:
decrease
Explanation:
The ordering quantity for the current year is 535 units, this means that the company must make 7,500 / 535 = 14.02 orders.
If the ordering quantity increases to 680, the number of orders will be 7,500/ 680 = 11.03.
Regardless of how much it costs to place an order, the number of orders made is 3 less than in the previous year, therefore, the ordering costs must decrease.
Describe the life cycle of a product and explain profitability and sales volume at each stage
Answer:
Product Life Cycle: Overview
The product life cycle (PLC) describes a product's life in the market with respect to business/commercial costs and sales measures. It proceeds through multiple phases, involves many professional disciplines and requires many skills, tools and processes.
This is not to say that product lives cannot be extended – there are many good examples of this – but rather, each product has a ‘natural’ life through which it is expected to pass.
The stages of the product life cycle are:
Introduction
Growth
Maturity
Decline
PLC management makes these three assumptions:
Products have a limited life and, thus, every product has a life cycle.
Product sales pass through distinct stages, each of which poses different challenges, problems and opportunities to its parent company.
Products will have different marketing, financing, manufacturing, purchasing and human resource requirements at the various stages of its life cycle.
The product life cycle begins with the introduction stage (see ). Just because a product successfully completes the launch stage and starts its life cycle, the company cannot take its success for granted.
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Product Development and Product Life Cycle: The Product Life Cycle follows directly after new product development.
A company must succeed at both developing new products and managing them in the face of changing tastes, technologies and competition. A good product manager should find new products to replace those that are in the declining stage of their life cycles; learning how to manage products optimally as they move from one stage to the next.
Product Lifecycle Management Stage 1: Market Introduction
This stage is characterized by a low growth rate of sales as the product is newly launched and consumers may not know much about it. Traditionally, a company usually incurs losses rather than profits during this phase. Especially if the product is new on the market, users may not be aware of its true potential, necessitating widespread information and advertising campaigns through various media.
However, this stage also offers its share of opportunities. For example, there may be less competition. In some instances, a monopoly may be created if the product proves very effective and is in great demand.
Characteristics of the introduction stage are:
High costs due to initial marketing, advertising, distribution and so on.
Sales volumes are low, increasing slowly
There may be little to no competition
Demand must be created through promotion and awareness campaigns
Customers must be prompted to try the product.
Little or no profit is made owing to high costs and low sales volumes
Growth
During the growth stage, the public becomes more aware of the product; as sales and revenues start to increase, profits begin to accrue.
Explanation: