Remi Corp. reported total sales of $550,000, at a price of $40 and per unit variable expenses of $23, for the sales of their single product. Total Per Unit Sales $550,000 $40 Variable Expenses $316,250 $23 Contribution Margin $233,750 $17 Fixed Expenses $155,000 Net Operating Income $78,750 What is the operating leverage at Remi Corp. (Round off to nearest decimal)

Answer:

See

Explanation:

With regards to the above, operating leverage is calculated by dividing contribution margin with net operating income.

Contribution margin = $233,750

Net operating income = $78,750

Therefore,

Operating leverage = Contribution margin / Operating income

= $233,750 / $78,750

= 2.97

Consider a consumer who is contemplating a new automobile purchase. She has narrowed her decision down to two brands, Brand X and Brand Y. She has identified gas mileage, price, warranty, and styling to be important attributes to consider in her decision. Her evaluative ratings (e) for each attribute and her beliefs of how each brand performs on a given attribute (b) are given below: Brand X Brand Y Attribute e b b Mileage 2 6 4Low Price 3 2 2Warranty -1 1 3Design 1 10 5 Refer to the Automobile Scenario. Based on the attitude toward-the-object model, what is the consumer's overall attitude o toward Brand Y? a. 23 b. 16 c. 17d. 11e. 27

clarify the term fair discrimination​

4. Which of the following is a factor of production for a firm?
A. Natural Resources
O B. Company Reputation
C. Customers
O D. Legal Consultants

Olaf lives in the state of Minnesota. In 2019, a tornado hit the area and damaged his home and automobile Applicable information is as follows:

Item Adjusted Basis FMV before FMV after Insurance Proceeds
Home $350,000 60,000 $500,000 40,000
Auto $100,000 10,000 $280,000 20,000


Because of the extensive damage caused by the tornado, the President designated the area a Federal disaster area. Olaf and his wife, Anna, always file a joint return. Their 2019 tax return shows AGI of $180,000 and taxable income of $145,000. In 2020, their return shows AGI of $300,000 and taxable income (exclusive of the casualty loss deduction) of $225,000. Assume the taxpayers are in the 22% tax bracket in 2019 and the 24% tax bracket in 2020.

Required:
Determine the amount of Olaf and Anna's loss and the year in which they should take the loss.

Corona Industries purchased a stamping machine on January 2, 20X1, for $100,000. It made an initial payment of $20,000 and financed the balance over 5 years at State Bank. The loan terms were for annual payments of $16,000 plus 10% interest, payable on December 31 each year. The year 20X4 proves to be a difficult year and on December 1, 20X4 Corona negotiates a debt restructuring with State Bank. The settlement calls for cash payment of accrued interest plus $4,000 on December 1 and the transfer of 200 acres of land held by Corona that cost $15,000. The land has a current fair value of $22,000. Which one of the following entries will Corona make to adjust for the land just prior to transfer?

a. DR Loss on disposal of asset $7,000 CR Land $7,000
b. DR Land $7,000 CR Gain on disposal of asset $7,000
c. DR Note payable—State Bank $7,000 CR Gain on disposal of asset $7,000
d. DR Land $7,000 CR Note payable—State Bank $7,000

Bretts Construction Company had a contract starting April 2017, to construct a $6,000,000 building that is expected to be completed in September 2018, at an estimated cost of $5,500,000. At the end of 2017, the costs to date were $2,530,000 and the estimated total costs to complete had not changed. The progress billings during 2017 were $1,200,000 and the cash collected during 2017 was $800,000. For the year ended December 31, 2017, Bretts would recognize gross profit on the building of:

Assume that you are your friends are starting a small business painting houses in the summertime. You need to buy a software package that handles the financial transactions of the business. Create an alternatives matrix that compares three packaged systems (e.g., Quicken, Microsoft Money, Quickbooks). Which alternative appears to be the best choice

Identify two employment laws which might affect
easyJet plc's business activities.

Services Marketing Differs from Product Marketing
Two national firms, the Prestige Hotel and Pro Fitness chains, strive to deliver quality service to their customers. To do so, they address the four core differences between services and goods. In the following scenario, you will be asked to categorize statements about the customer's experiences and the firm's marketing efforts by the core difference they represent.
Economies of developed countries like the United States have become increasingly dependent on services. For example, service industries like retail and information services account for about two-thirds of the U.S. gross domestic product (GDP) and the lion's share of U.S. jobs. The marketing of services differs from goods marketing because of the four fundamental ways in which services differ from goods: they are intangible, inseparable, variable, and perishable.
You will be shown eight statements describing customer experiences and marketing efforts. Read each statement and categorize the item according to the difference between goods and services that it represents by placing the letter of the item in the correct box in the table below.
Customer Experience Marketing Efforts
Intangibility
Inseparability
Preishability
Variability
a. Hotel Stay
b. Use guest pass
c. Hard to convey value
d. Uses Flexipass
e. Satisfaction guarantee?
f. Off-peak rates
g. Managing staff
h. Conflicting experiences

Rhonda has an adjusted basis and an at-risk amount of $12,400 in a passive activity at the beginning of the year. She also has a suspended passive activity loss of $2,480 carried over from the prior year. During the current year, she has a loss of $19,840 from the passive activity. Rhonda has no passive activity income from other sources this year. Determine the following items relating to Rhonda's passive activity as of the end of the year. At year-end, Rhonda has the following:

a. Adjusted basis in the passive activity: __________
b. Loss suspended under the at-risk rules: _________
c. Suspended passive activity loss: ___________

Which of the following illustrates Forward Vertical Integration? a. Subway sandwich company buying a bakery to make the bread for their sandwiches b. Sony buying trucks to deliver their finished goods inventories to their customers' warehouses c. Ford automotive buying additional machines for production d. Microsoft starting a new division that designs and manufactures clothing

Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.10 per hour for the labor rate. During October, the company uses 13,000 hours of direct labor at a $211,900 total cost to produce 6,700 units of product. In November, the company uses 17,000 hours of direct labor at a $277,950 total cost to produce 7,100 units of product.

AH= Actual Hours
SH =Standard Hours
AR =Actual Rate
SR =Standard Rate

Required:
a. Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor cost variance for each of these two months. Classify each variance as favorable or unfavorable.
b. Javonte investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further?

The existence of lags: A. makes discretionary fiscal policy more effective than automatic stabilizers. B. makes monetary policy more effective than fiscal policy. C. makes both fiscal and monetary policy more challenging to implement. D. makes fiscal policy more effective than monetary policy. E. makes both fiscal and monetary policy more effective.

Kelsey is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for merchandise for the next three months follow. Budgeted July August September Sales $ 62,700 $ 81,300 $ 49,300 Cash payments for merchandise 43,000 32,300 33,100 Sales are 15% cash and 85% on credit. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $13,600 in cash; $50,000 in accounts receivable; $5,800 in accounts payable; and a $3,300 balance in loans payable. A minimum cash balance of $13,300 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 2% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions (5% of sales), office salaries ($5,300 per month), and rent ($7,800 per month). (1) Prepare a cash receipts budget for July, August, and September. (2) Prepare a cash budget for each of the months of July, August, and September.

Management at the Flagstaff Company currently sells its products for $250 per unit and is contemplating a 40% increase in the selling price for the next year. Variable costs are currently 30% of sales revenue and are not expected to change in dollar amount on a per unit basis next year (the company will still pay the same variable cost per unit). Fixed expenses are $120,000 per year. If fixed costs were to decrease 10% during the current year and the new selling price goes into effect, how many units will need to be sold to breakeven

Suppose the total damage function is given as D = M2 for M ≥ 0. Suppose the total abatement cost function is given as TAC = 96M − 0.2M2, where M is emissions

Which of the following defines core competency?

surrender of shares is the same thing as forfeiture of shares comment

Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are 200% of direct labor cost for Department A and 50% of direct labor cost for Department B. Job 436, started and completed during the year, was charged with the following costs: Department A Department B Direct materials $50,000 $10,000 Direct labor ? $60,000Manufacturing overhead $80,000 ?The total manufacturing cost assigned to Job 436 was:_________A) $360,000B) $390,000C) $270,000D) $480,000

Analyzing and Interpreting Restructuring Costs and Effects
General Electric (GE) reports the following footnote disclosure (excerpted) in its 2018 10-K relating to its restructuring program. Restructuring actions are an essential component of our cost improvement efforts to both existing operations and those recently acquired. Restructuring and other charges relate primarily to workforce reductions, facility exit costs associated with the consolidation of sales, service and manufacturing facilities, the integration of recent acquisitions, and other asset writedowns. We continue to closely monitor the economic environment and may undertake further restructuring actions to more closely align our cost structure with earnings and cost reduction goals. 2018 2017 2016 $0.9 $1.2 $1.3 1.8 1.9 1.3 Workforce reductions Plant closures & associated costs and other asset write-downs Acquisition/disposition net charges Other 0.8 0.8 0.6 0.1 0.2 0.3 Total $3.6 $4.1 $3.5 For 2018, restructuring and other charges were $3.5 billion of which approximately $1.4 billion was reported in cost of products/services and $2.1 billion was reported in selling, general and administrative expenses (SG&A). These activities were primarily at Power, Corporate and Oil & Gas. Cash expenditures for restructuring and other charges were approximately $2.0 billion for the twelve months ended December 31, 2018. (a) Which of the following in NOT an example of a common non-cash charge associated with corporate restructuring activities? Olnventory revaluations Severance paid to employees O Fixed-asset write-downs Olmpairment charges on intangible assets (b) Using the financial statement effects template, show the effects on financial statements of the (1) 2018 restructuring charge of $3.6 billion, and (2) 2018 cash payment of $2.0 billion. Use negative signs with answers, when appropriate. Enter answers in billions. Balance Sheet (in $ billions) Income Statement Noncash Contributed Earned Transaction Cash Asset + Assets Liabilities Capital Capital Revenue Expenses = Net Income (1) (2) + + (c) Assume that instead of accurately estimating the anticipated restructuring charge in 2018, the company overestimated them by $30 million. (1) How would this overestimation affect financial statements in 2018? OOverstates the expense and understates pretax income by $30 million. The restructuring liability on the 2018 balance sheet will be overstated by $30 million. OUnderstates the expense and overstates pretax income by $30 million. The restructuring liability on the 2018 balance sheet will be overstated by $30 million. OOverstates the expense and understates pretax income by $30 million. The restructuring liability on the 2018 balance sheet will be understated by $30 million. OUnderstates the expense and understates pretax income by $30 million. The restructuring liability on the 2018 balance sheet will be overstated by $30 million. (2) How would this overestimation affect financial statements in 2019 when severance costs are paid in cash? OThe cash paid out in 2019 will be more than the 2018 accrual. Any excess (the $30 million) would increase expense (decrease profit) in 2019. OThe overestimation from 2018 will have no effect on the 2019 balance sheet or income statement. OThe cash paid out in 2019 will be less than the 2015 accrual. Any excess (the $30 million) would increase expense (decrease profit) in 2019. OThe cash paid out in 2019 will be less than the 2018 accrual. Any excess (the $30 million) would reduce expense (increase profit) in 2019.

According to the video, what tasks do Helpers-Production Workers commonly perform? Check all that apply. fetching and holding materials o supervising other workers o moving materials between work areas o managing budgets training assembly workers keeping records o cleaning machinery​

Xerox just issued two bonds. The 1st Bond is a zero coupon bond with 30 year to maturity. The 2nd Bond is a 10% coupon bond with 10 year to maturity. Assume that other characteristics of these two bonds are the same (e.g., the same YTM). You expect that the Fed will announce a decrease of benchmark interest rate. Which bond do you want to purchase in order to earn higher return around the incoming interest rate change?A) The 1st bond issued by Xerox.B) The 2nd bond issued by Xerox.

The Eggers Corporation filed an amended Form 1120, claiming an additional $400,000 deduction for payments to a contractor for a prior tax year. The amended return was based on the entity's interpretation of a Regulation that defined deductible advance payment expenditures. The nature of Eggers's activity with the contractor did not exactly fit the language of the Regulation. Nevertheless, because so much tax was at stake, Eggers's tax department decided to claim the deduction. Eggers’s tax department estimated that there was only a 15% chance that Eggers’s interpretation would stand up to a Tax Court review.
a. What is the amount of tax penalty that Eggers is risking by taking this position?
b. What would be the result if there was a 45% chance that Eggers’s interpretation of the Regulation was correct?

When happens when demand exceeds supply?

James Corporation owns 80 percent of Carl Corporation's common stock. During October, Carl sold merchandise to James for $290,000. At December 31, 30 percent of this merchandise remains in James's inventory. Gross profit percentages were 20 percent for James and 30 percent for Carl. The amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process is

On May 7, Hatch Company purchased on account 490 units of raw materials at $20 per unit. During May, raw materials were requisitioned for production as follows: 211 units for Job 200 at $16 per unit and 186 units for Job 305 at $20 per unit.Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank. Refer to the Chart of Accounts for exact wording of account titles.
CHART OF ACCOUNTSBergan CompanyGeneral Ledger
ASSETS
110 Cash
121 Accounts Receivable
125 Notes Receivable
126 Interest Receivable
131 Materials
132 Work in Process
133 Factory Overhead
134 Finished Goods
141 Supplies
142 Prepaid Insurance
143 Prepaid Expenses
181 Land
191 Factory
192 Accumulated Depreciation-Factory
LIABILITIES
210 Accounts Payable
221 Utilities Payable
231 Notes Payable
236 Interest Payable
241 Lease Payable
251 Wages Payable
252 Consultant Fees Payable
EQUITY
311 Common Stock
340 Retained Earnings
351 Dividends
390 Income Summary
REVENUE
410 Sales
610 Interest Revenue
EXPENSES
510 Cost of Goods Sold
520 Wages Expense
531 Selling Expenses
532 Insurance Expense
533 Utilities Expense
534 Office Supplies Expense
540 Administrative Expenses
560 Depreciation Expense-Factory
590 Miscellaneous Expense
710
Interest Expense
Journalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials storeroom. Refer to the Chart of Accounts for exact wording of account titles.

Racing Bikes $929,000 $266,000 $409,000 254,000 Dirt Mountain Bikes Total Bikes Sales Variable manufacturing and selling 467,000 116,000 197,000 154,000 expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses Total fixed expenses 462,000 150,000 212,000 100,000 70,200 44,000 115,900 185, 800 20,800 15,400 36,700 50,800 123,700 $ 46,100 $ 26,400 $43,400 $ (23,700) 8,800 40,600 7,600 38,600 81,800 168,600 21,000 40,600 53,200 123,600 415,900 Net operating income (loss) "Allocated on the basis of sales dollars Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long- run profitability of the various product lines. Totals Dirt Bikes Mountain Bikes Racing Bikes Sales Variable manufacturing and selling expenses Contribution margin (loss) 0 0 Traceable fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of the product line managers Total traceable fixed expenses 0 0 0 Product line seament marain (loss) ol $

Which of the following is NOT correct about causal regression analysis of the form Y = f(X)? A. Selection of the appropriate causal variable Y is important. B. All of the options are correct. C. Selection of the appropriate causal variable X is important. D. Use of past experience to identify X is common. E. Use of economic theory to identify X is common.

what are the negative impacts of a cooperative​

In 2020, Bertha Jarow had a $28,000 loss from the sale of a personal residence. She also purchased from an individual inventor for $7,000 (and resold in two months for $18,000) a patent on a rubber bonding process. The patent had not yet been reduced to practice. Bertha purchased the patent as an investment. In addition, she had the following capital gains and losses from stock transactions:
Long-term capital loss ($6,000)
Long-term capital loss carryover from 2019 (12,000)
Short-term capital gain 21,000
Short-term capital loss (7,000)
A. Bertha has a net long-term capital loss of $___. Bertha has a net short-term capital gain of $ 14000. As a result, Bertha has an overall net short-term capital gain of $___.
B. Complete the letter to Bertha explaining the tax treatment of the sale of her personal residence. Assume Bertha's income from other sources puts her in the 28% bracket.