The activities could be utilized for break-even analysis for a business offering educational services based on the number of students each course.
What may a break-even study reveal to a company?Using a break-even analysis, a small firm can estimate when a new venture, product, or service will become profitable. It's a mathematical formula used to figure out how many goods or services you must sell to at least pay your manufacturing costs.
Where should the break-even point be?The break-even point is the point at which your small business experiences neither a profit nor a loss. It is reached when total costs and total revenues are equal. In other words, you've reached the point in production where a product's sales are equal to its production expenses.
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objective, constraints, alternatives, and linearity are what? part 2 a. used by airlines to determine queueing probabilities b. used by strategic sourcing agents for purchasing c. the four pillars of operations management d. the four requirements of a linear programming problem
Objective, constraints, alternatives, and linearity are the four requirements of a linear programming problem (D).
Linear programming is a mathematical modeling technique which utilize a linear function t maximized or minimized subjects to various constraints. Linear programming is believed to be an usefull tool in guiding quantitative decision in business planniing and decision making.
Linear programming problems (LPP) are problems that could be analyzed by linear programming method. However there are 4 pillars that a problem must have to be able to use linear programming method, suc:
Linearity relationship between variablesClear objective functionNon-negative Constraints or restrictionAlternative courses of actionVariables are options or candidates that are competing for sharing the given limited resources. The relationship between the variables should be linear.
A well-defined objective function is important in linear programming. The objective function is needed to decide which the best scenario to choose.
Limitation or constraints of the available resources should be present in a linear programming problem. These constraints must be represented in terms of variables. These contraints are important because the aims of linear programming is to satisfy these constraints.
Alternative courses of action has to be present to allows linear programming to make the best selection between various combinations of the productive factors.
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a partnership’s income-sharing ratio applies to: a. partnership income after salaries and interest are deducted b. partnership income before salaries are deducted but after interest is deducted c. partnership income after salaries are deducted but before interest is deducted d. partnership income before both salaries and interest are deducted
A partnership’s income-sharing ratio applies to partnership income after the salaries and interest are deducted.
What is a partnership?A partnership is a contract wherein parties, also referred to as business partners, decide to work together to further their shared objectives. A partnership may have one or more individuals, corporations, nonprofits, educational institutions, governmental bodies, or other entities as partners. Organizations may collaborate to broaden their reach and improve the chances that each will succeed in reaching its goals. A partnership might issue and hold stock or it might just be bound by a contract. Every partnership, even one that has not been reduced to writing, must have a partnership agreement in order to be formed. Although it is not legally necessary in common law nations, partners may benefit from a written partnership agreement that spells out the key elements of their relationship.
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true or false: larger span of control creates flatter organizations (i.e., fewer layers of job positions). group of answer choices true false
True: larger span of control creates flatter organizations
The organization's control system is crucial because it provides measurements or benchmarks that organizational management may use to gauge how well the company is providing the goods that the market demands. The management lacks knowledge of the organization's performance and opportunities for improvement in the absence of a control system. Since it provides management with feedback on the quality of the product, organizational control is crucial in determining the quality of goods and services. Effective management establishes a control system that continuously assesses product quality in order to make quality improvements.
Management can increase the organization's responsiveness by implementing a control system to assess how well customer-contact employees are performing their tasks.
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Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $50,000 of its accounts receivable from its customer P Moore. On October 30, P. Moore unexpectedly paid his account in full to Solstice company. Record Solstice's entries to reflect recovery of this bad debt view transaction list view general journal Journal Entry Worksheet 12 Record the reinstatement of the account previously written off. General Journal Debit Credit Date Oct 30 *Enter debits before credits clear entry done record entry
The reinstatement of the account previously written off. General Journal Debit Credit Date Oct 30 Debit $50,000 from Cash $50,000 in Credit Accounts records that reflect the repayment of debt that has been wiped off.
The entries posted in regard to the bad debt written must first be reversed before the $50000 cash receivable may be reported as a bad recovery.The reversed entries would appear as follows:Accounts payable Dr Cr A $5,000 bad debt expense account Recovering bad debt that has been written off.The following information is then recorded in relation to the cash receipt$50000 Dr Cash $50000 Cr Receivables $50000.Receiving no money from client receivables total ($50000).How these entries affect the accounts.A $50000 previous expense is now being offset by a $5000 revenue, thus there is no effect on the income statement at all.
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An equipment purchased at a cost $80,000 by a local company is being depreciated using macrs method as a 5-year property. At the end of four years, the management decided to sell the equipment for a modest price of $20,000. The company is in the 34% tax bracket. Compute the tax consequence on the sale of this equipment
The tax consequence on the sale of this equipment is $ 2100.
A tax is an obligatory financial fee or some different form of levy imposed on a taxpayer (a person or criminal entity) by using a governmental organization with the purpose to fund government spending and diverse public expenses (regional, local, or country-wide), and tax compliance refers to policy actions and man or woman behavior aimed toward making sure that taxpayers are paying the right quantity of tax on the right time and securing the appropriate tax allowances and tax reliefs. the first regarded taxation took place in historic Egypt around 3000–2800 BC. A failure to pay in a well-timed manner (non-compliance), alongside evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its exertions equivalent.
Most countries have a tax system in the area, that allows you to pay for public, common societal, or agreed-on national needs and for the functions of the presidency. some levy a flat percent charge of taxation on private annual profits, but most scale taxes are modern and based totally on brackets of annual profits quantities. maximum countries fee a tax on a man or woman's earnings as well as on corporate income. international locations or subunits regularly also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, income taxes, use taxes, payroll taxes, obligations, and/or tariffs.
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TRUE/FALSE. by selecting a longer waiting period, the purchaser of long-term care insurance can afford long-term coverage and still keep the premiums affordable.
The buyer of long-term care insurance can not afford long-term coverage and still keep the premiums low by choosing a longer waiting period. So statement is false.
What exactly does insurance mean?According to the official definition, insurance is a procedure or arrangement whereby a business or government body guarantees financial compensation for a certain loss, damage, illness, or death in exchange for the payment of a premium. In case of a potential occurrence, it offers defense. After a collision, we get automobile insurance for a much lesser cost known as a premium rather than shelling out a significant sum to repair our vehicles. Car insurance is defined as a contract that states the insurance provider will assist with the cost of repairing or replacing your car if you pay the payment.
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which of the following methods can be used to compare mutually exclusive repeatable projects with unequal lives if inflation in the costs and/or cash flows of the projects is expected when the projects are repeated? group of answer choices equivalent annual annuity replacement chain approach both a and b can be used none of the above
Replacement chain approach can be used to compare mutually exclusive repeatable projects with unequal lives if inflation in the costs and/or cash flows of the projects is expected when the projects are repeated.
Value chains assist businesses in being more efficient so they can provide the most value for the least amount of money. A value chain's ultimate objective is to give a business a competitive edge by boosting productivity and controlling costs. The value chain strategy aims to comprehend an industry's businesses, from input suppliers to end-user consumers, as well as the support markets that offer the sector's technical, commercial, and financial services and the overall business environment. The value chain strategy aims to comprehend an industry's businesses, from input suppliers to end-user consumers, as well as the support markets that offer the sector's technical, commercial, and financial services and the overall business environment. The many business operations and procedures involved in producing a good or providing a service are referred to as the value chain. Research and development, sales, and all other phases of a product or service's lifespan can be included in a value chain. Value chains assist businesses in becoming more efficient so they can provide the most value for the least amount of money. A value chain's ultimate objective is to give a business a competitive edge by boosting productivity and controlling costs.
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sabv corporation's break-even-point in sales is $940,000, and its variable expenses are 80% of sales. if the company lost $44,000 last year, sales must have amounted to:
1) Break Even Level = FE - CMR950,000 = X /.3950,000 * 3 = 285,000 2) Variable Expense Ratio = 1 -.7CMR =.302 (fixed expenses) Profit = (CM ratio Sales) - Fixed expenditures of 44,000 = (.3 * X) - 285,000 = 800,000.
What does an expense ratio of 1% entail?The expense ratio is a yearly charge that is expressed in terms of your investment, or, as the name suggests, the proportion of your investment which goes towards to the fund's expenses. For every $1,000 you invest, a fund manager with a 1% cost ratio will charge you $10 annually.
What ratio of savings to expenses is ideal?Although experts used to recommend a minimum savings rate of 10%, they now recommend a saving increase of approximately to 15%. Divide this amount into 10percentage points for retirement & 5% for immediate savings, such as a trip. Alternatively, the rule can be stated as a proportion of 100:1 or 85:15, where you consume the first number and save the second..
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a portfolio’s expected return is 12%, its standard deviation is 20%, and the risk-free rate is 4%. which of the following would make for the greatest increase in the portfolio’s sharpe ratio? (lo 6-3) a. an increase of 1% in expected return. b. a decrease of 1% in the risk-free rate. c. a decrease of 1% in its standard deviation.
A portfolio’s expected return is 12%, its standard deviation is 20%, and the risk-free rate is 4%. which of the following would make for the greatest increase in the portfolio’s sharpe ratio?
1% increase in expected return, Sharpe Ratio = (0.13-0.04)/0.2 = 0.45
Sharpe Ratio = (Expected Return - Risk free Rate) / Standard Deviation of Portfolio
Sharpe Ratio = (0.12-0.04)/0.2 = 0.4
1. 1% increase in expected return, Sharpe Ratio = (0.13-0.04)/0.2 = 0.45
2. 1% decrease in risk free rate, Sharpe Ratio = (0.12-0.03)/0.2 = 0.45
3. 1% decrease in Standard Deviation, Sharpe Ratio = (0.12-0.04)/0.19 = 0.42
Both 1 & 2 increases Sharpe Ratio most.
1% increase in expected return, Sharpe Ratio = (0.13-0.04)/0.2 = 0.45
A portfolio is a set of financial investments like stocks, bonds, commodities, coins, and coins equivalents, together with closed-end price range and trade traded price range (ETFs). humans typically trust that shares, bonds, and cash incorporate the core of a portfolio.
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In terms of the circular flow diagram, businesses obtain revenue through the _____ marketand make expenditures in the _____ market.A. product; resource B. resource; product C. capital: product D. product, financial
Option C is correct. The round glide mannequin illustrates how in an economic system profits should equal production. In other words, one person's expenditure is another entity's income.
For example, Ben is a mechanic. He sells his services to Sandra. Sandra's expenditure is Ben's income.
What are the flows of the round waft models?The circular flow model is an economic mannequin that suggests the waft of cash via the economy. The most common shape of this mannequin shows the circular glide of profits between the household sector and the enterprise sector. Between the two are the product market and the aid market.
Businesses trade the revenue earned in the market for items and services to buy land, labor and capital in the market for resources.
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https://brainly.com/question/29312401#SPJ4WeShop4You has created a grocery delivery service that is unmatched by its competition. The value the company has created now makes it difficult to implement new ideas without spending more money than it originally took to start the business. This demonstrates the idea of?
entrepreneurism.
a low-cost strategy.
consumer surplus.
diminishing returns.
offshoring.
This demonstrates a diminishing return.
The econometric law of diminishing returns, in its most basic form, states that, assuming other factors remain constant, when investment in a given sector increases, the rate of return from that investment can no longer increase beyond a certain point. According to the law of declining marginal returns, increasing the number of production factors leads to lesser increases in output. The addition of any more of a production element after a certain level of capacity utilization would unavoidably result in lower per-unit incremental returns.
Some of the world's first economists, such as Jacques Turgot, Johann Heinrich von Thünen, Thomas Robert Malthus, David Ricardo, and James Anderson, are associated with the concept of diminishing returns.
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what is the expected return for a real estate investment fund with a beta of 1.87, given a risk free rate of 2.7 percent and an expected return of 11.2 percent for the market? multiple choice
18.6% s the expected return for a real estate investment fund with a beta of 1.87, given a risk free rate of 2.7 percent and an expected return of 11.2 percent for the market.
Real estateReal estate includes the land and any permanent improvements related to it, whether natural or man-made, such as water, trees, minerals, buildings, dwellings, fences, and bridges. Real estate is a type of property. The term "real estate" refers to the land as well as any permanent buildings, such as a house, or improvements related to the property, whether natural or man-made. Real estate is a type of property. Personal property, such as automobiles, boats, jewels, furniture, and farm equipment, is not permanently tied to the land.
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question content area depreciation by two methods a storage tank acquired at the beginning of the fiscal year at a cost of $129,600 has an estimated residual value of $7,600 and an estimated useful life of 4 years. a. determine the amount of annual depreciation by the straight-line method.
The straight-line method results in an annual depreciation of $127700.
What does depreciation mean?Due to usage, deterioration, or obsolescence, an item loses value over time. Depreciation is the measurement for this decline. Depreciation, or the decline in value of an asset, can also result from other factors, such as unfavorable market conditions, etc.
Briefing :
Depreciation expense using the straight-line depreciation method ,
(Actual cost - Salvage Value) / Number of years
=($129600 -$7600) / 4
=$127700
Therefore the amount of annual depreciation is $127700 .
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in january , anheuser-busch issued an outstanding bond that pays a % coupon rate, matures in january , and has a yield to maturity of %. in january , santander holdings issued an outstanding bond that pays a % coupon rate, matures in january , and has a yield to maturity of %. a. does the anheuser-busch bond sell at a premium, at par, or at a discount? how do you know? what about the santander bond?
1. D. The bond issued by Anheuser-Busch is sold at a premium. When the yield to maturity (2.62 %) is lower than the coupon rate (3.1 %), bonds sell for a greater price.
What are the further Options?2. C. A premium is charged for the Santander bond. When the coupon rate (3.579%) is higher than the yield to maturity (3.349%), bonds are sold at a premium.
3. Anheuser-Busch is given a higher rating.
Bonds with high ratings offer lower returns than bonds with low ratings, reflecting the risk-return trade-off made by the lender.
What is the last options?4. A. As previously mentioned, the bonds mature at the same time, so comparing their current rates tells us nothing about the yield curve's form. Instead, the yield difference can probably be linked to a different level of risk.
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If the economy is experiencing less than full-employment, the keynesian model recommends that the government.
To boost aggregate demand, implement stimulative fiscal policy (raise public spending or lower taxes).
What exactly is an economy?A series of connected production and consuming activities that are frequently alluded to as an economy ultimately decide how resources are distributed within a society. The individuals who live nearby and do business there are satisfied by the production activities and consumption of items on a general level.
What do you call the current economic climate?Its American economy is diverse and has components of both capitalism and socialism. Such an economic system supports the independent market owing to the use of capital, but it also allows for government engagement for the collective good.
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the will company reported the following data for last year: decrease in the cash account$ 25,000 net cash provided by operating activities20,000 net cash provided by investing activities15,000 based solely on this information, the net cash provided (used) by financing activities on the statement of cash flows would be:
Net cash provided by financing activities on the statement of cash flows of the will company would be $60000.
The net amount of cash flows used to fund a business is called cash flows from financing operations.
Here, On basis of the following data,
Net cash provided by financing activities would be, the sum of the decrease in the cash account, net cash by operating activities and net cash by investing activities.
I.e. 25000+20000+15000
=60000
The CFF of a company is an indicator of the company's financial health and management.
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Provide an example of how a company could make modifications to their business operations to incorporate sustainable best practices. How could these modifications be measured in terms of triple bottom line?.
The science of climate change is reverberating through economies and business, worldwide.
What does a business consist of?A business is an organization or enterprising body that engages in commercial, industrial, or professional activities. Businesses can be nonprofit organizations or for-profit enterprises. Among the various business structures are partnerships, corporations, limited liability companies, and sole proprietorships.
What are the fundamentals of business?Learning the basics is the first step you should take to succeed in business. By conducting market research and comprehending the needs and expectations of your customers, you can create a long-lasting business, but you must first develop the essential business skills.
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jennifer's company wants to increase online sales of a featured product by connecting with users who are actively researching similar products. what benefit would a search campaign provide jennifer?
You in the concentrating on the people who are most important to your company's expansion. Following a brief explanation of audience solutions, we'll offer you a selection of focused resources you can utilise to delve deeper.
Depending on what is most important, employ extensions at each level. audience, general information like your phone number and location should be stored at the account level since they are always relevant to the user and constant, regardless of the subject of your adverts. company's advertisements are frequently displayed above and below organic search results on well-known search engines like Goo=gle, Bi-ng, and Ya-hoo.
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describe some of the ways people use agency to respond to globalization including syncretism and participation in alternative markets.
Syncretism refers back to the combination of various beliefs—even the ones that are reputedly contradictory—into a brand new, harmonious complete. Serves as a response to globalization insofar as it mediates overlapping frameworks.
James C. Scott categorizes as a "weapon of the susceptible" - a concept relating to the methods wherein marginalized peoples can withstand with out directly hard their oppressors fair change" has emerged as a manner for socially-aware purchasers to support small farmers and artisans who have been stricken by those rules.
To be licensed as truthful trade, providers have to comply with a "truthful" rate, which will be adjusted upwards if the sector marketplace fee rises above the truthful alternate threshold.
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The explosive growth in global trade means that large corporations are hiring Americans of mixed cultural backgrounds. For example, first-generation Americans of immigrant parents may speak two or more languages well. To deal with firms in other countries, large corporations benefit from a. employees from diverse backgrounds. b. employees with only the best credentials. c. outsourcing negotiations.
Large enterprises gain from employing just those with the best credentials to work with businesses in other nations.
What is explosive growth?A person who is compensated to work for a person or business is considered to be an employee. A person is not need to work full-time in order to be regarded as an employee. All that is required is for your company to pay you for the task. A professional who performs for an organization in exchange for pay or compensation is called an employee. Employees enter into a binding agreement with their employer after negotiating terms, typically by signing an offer letter or employment contract, and they then join the team.
A store clerk is an example of an employee. Employees must carry out specified duties, such as: B. An worker is deemed to be an employee if they wear name tags and greet clients in a particular way.
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Which of the following statements is CORRECT?
a. If the market risk premium remains constant, but the risk-free rate declines, then the required returns on low-beta stocks will rise while those on high-beta stocks will decline. b. Suppose you are managing a stock portfolio, and you have information that leads you to believe the stock market is likely to be very strong in the immediate future. That is, you are convinced that the market is about to rise sharply. You should sell your high-beta stocks and buy low-beta stocks in order to take advantage of the expected market move. c. Paid-in-Full Inc. is in the business of collecting past-due accounts for other companies, i.e., it is a collection agency. Paid-in-Full's revenues, profits, and stock price tend to rise during recessions. This suggests that Paid-in-Full Inc.'s beta should be quite high, say 2.0, because it does so much better than most other companies when the economy is weak. d. You think that investor sentiment is about to change, and investors are about to become more risk averse. This suggests that you should re-balance your portfolio to include more high-beta stocks. e. Suppose the returns on two stocks are negatively correlated. One has a beta of 1.2 as determined in a regression analysis using data for the last 5 years, while the other has a beta of -0.6. The returns on the stock with the negative beta must have been negatively correlated with returns on most other stocks during that 5-year period.
The correct statement is suppose returns on two stocks are negatively correlated. One has beta of 1.2 as determined in regression analysis using data for the last 5 years, while other has beta of -0.6.
What is regression analysis?Regression analysis is a group of statistical procedures used to estimate the associations between a dependent variable and one or more independent variables in statistical modeling. The most popular type of regression analysis is linear regression, which seeks out the line that, by a particular mathematical standard, most closely matches the data. When using the ordinary least squares method, for instance, the precise line that minimizes the sum of squared differences between the genuine data and that line is computed. This enables the researcher to calculate the conditional expectation of the dependent variable under a certain set of independent variable values for specific mathematical reasons. Less prevalent types of regression use slightly different methods to estimate conditional expectation across a larger sample size or alternate location factors.
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Which departments within the organization should have access to the marketing plan?.
The CMO of business unit is likely to be responsible for creation of its marketing plan.
What is a marketing plan?A comprehensive business plan could include a marketing strategy. A well-written marketing plan must start with a strong marketing strategy in order to accomplish goals. While a marketing strategy includes a list of tasks, it is of little use to a business without a strong strategic base. A marketing plan is a thorough report or blueprint that describes the advertising and marketing strategies to be used in the upcoming calendar year. It covers the commercial operations involved in achieving particular marketing goals within a predetermined time frame. A marketing strategy also contains a discussion of the target market, a description of the target market, and a description of the marketing mix that will be used by the company to meet its marketing objectives.
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what are major analytical procedures for testing the overall reasonableness of inventory. for each test, explain the type of misstatement that could be identified..
Major analytical procedures for testing the overall reasonableness of inventory is to Compare gross margin percentage with that of previous years: overstatement/understatement of inventory and COGS.
Inventories refer to goods and materials that a business holds for the ultimate purpose of reselling, manufacturing, or using. Inventory management is a principle mainly concerned with specifying the form and location of goods to be stored. It is necessary at different locations within a facility or at multiple locations in the supply network to stay ahead of the schedule for regular, planned production and material stockpiling.
The concept of inventory, inventory, or work in progress has been extended from production systems to service businesses and projects, generalizing the definition as "all work in the production process". production - all work that was or is in progress prior to completion of production".
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brief exercise 21.8 (static) matching decisions to all relevant costs or revenue (lo21-1, lo21-3, lo21-4) skip to question [the following information applies to the questions displayed below.] identify all relevant costs or revenue that are applicable to the decisions stated below: brief exercise 21.8 (static) part a a. reject a special order. (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.)
The correct options are:
The contribution margin of the product andInterference with other productionAssociated costs are costs incurred as a direct reaction to a particular decision. Similarly, related revenues are the same, but instead of costs, they generate revenues as a result of certain decisions. This is usually an administrative decision.
Associated costs are business accounting terms that describe avoidable costs that are incurred only when a specific business decision is made. The related cost concept is used to eliminate unnecessary data that can complicate the decision-making process. When deciding on alternatives only the income and expenses that differ for each alternative are relevant.
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what is the total salesmix variance in terms of the contribution margin? (round intermediary calculations to two decimal places.)
Total sales mix variance in terms of the contribution margin
Budgeted sales mix
Standard = 2700/ (2700+700) = 0.79
Super = 700/ (2700+700) = 0.21
Total sales quantity Variance
= (Actual Sales-Budgeted) * budgeted sales mix * budgeted contribution margin
Standard = [(2800+1400) -(2700+700)] *0.79*500
= 316,000
Super = [(2800+1400) -(2700+700)] *0.21*1070
= 179,760
Total = 316,000+179,760
= 495,760 Favorable
The discrepancy between a company's budgeted sales mix and its actual sales mix is known as the sales mix variance. The percentage of each product sold in relation to overall sales is known as the sales mix. Because some items have better profit margins than others, the mix of sales has an impact on overall business profitability. Each of the company's product lines is included in the variance in sales mix.
The sales mix contrasts a product's sales with overall sales.
The sales mix variance determines the profitability of a product or product line by comparing forecasted sales to actual sales.
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because of the harm caused to low-income nations from subsidized exports of food, high-income nations are looking at other ways to help. the preferred way is:
Because of the damage low-income countries have suffered from subsidized food exports, high-income countries are looking for other ways to help a preferred route is technical assistance to help poor countries increase their production.
Why do countries subsidize exports?Export subsidies are used when high tariffs increase the domestic price of goods, thereby expanding domestic production. If there are also programs to support domestic production, this production expansion could be larger and affect world prices by artificially increasing global supply.
What happens if exports are subsidized?Export subsidies raise domestic prices and, in the case of large countries, lower foreign prices. Export subsidies increase export volumes. Export subsidies drive a price wedge equal to the value of the subsidy between the foreign and domestic prices of the product.
How can a country compete with a country that supports its industry with subsidies?Under the Subsidies Agreement, countries can impose special import duties, called countervailing duties (CVDs), to offset the benefits of prohibited subsidies on imported products.
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explain why a firm's financial statements should be audited. what might happen if audits do not occur? discuss.
Failure to conduct an audit can have serious consequences. If auditors fail to detect inaccuracies in your financial reporting, the consequences can be disastrous, leading to a company's demise.
Unacknowledged liabilities can accumulate to the point where dealing with them becomes a serious issue, even if the company survives. A financial audit is performed to ensure that financial statements are presented accurately and in accordance with generally accepted company's accounting principles (GAAP), allowing business owners to make confident business decisions. An audit is important because it gives financial statements credibility and gives shareholders confidence that the figures are correct.
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A ______ is a form that is sent with each payment, by the insurance carrier, to explain how the claim was processed.
The complete sentence is -"The Authorization to Release Information is a form that is sent with each payment, by the insurance carrier, to explain how the claim was processed."
Who processes the claims?Once accepted, the insurance provider investigates the claim for authenticity and pays out to the insured or requesting party (on behalf of the insured). The non-life insurance market is undergoing changes in policy administration and claims, the two basic activities of insurance.
In exchange for the insurer's pledge to repay the insured in the case of a covered loss, the policyholder assumes a guaranteed, known, and generally modest loss in the form of a payment to the insurer (a premium).
Therefore, The Authorization to Release Information is a document that the insurance provider sends with each payment to explain how the claim was handled.
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in a bailment, in some circumstances, the dollar amount of liability for any loss or damage to bailed goods can be limited by
In a bailment, in some circumstances, the dollar amount of liability for any loss or damage to bailed goods can be limited by, The responsibility of the bailee is to return the goods barring demand on the accomplishment of the cause or the expiration of the time period.
In case of his failure to do so, he shall be in charge for the loss, destruction, deterioration, damages or destruction of goods even except negligence.
What are liabilities of Bailee?Indian Contract Act, 1872
154. Liability of bailee making unauthorized use of items bailed. If the bailee makes any use of the goods bailed which is not in accordance to the prerequisites of the bailment, he is dependable to make compensation to the bailor for any injury arising to the items from or for the duration of such use of them.
It is nicely established now that Bailee will be in charge for any loss or injury to the bailor which arises due to the negligence or lack of reasonable care of the items bailed.
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https://brainly.com/question/29507641#SPJ4in evaluating the adequacy of the allowance for doubtful accounts, an auditor most likely reviews the entity’s aging of receivables to support management’s financial statement assertion of
In evaluating adequacy of allowance for the doubtful accounts, an auditor most likely reviews entity’s aging of receivables to support the management’s financial statement assertion of valuation and allocation.
What is valuation?Calculating an asset's present value (PV) is the process known as valuation in the world of finance. In a corporate setting, it is frequently the speculative price that a third party would offer for a specific item. Assets and liabilities are both subject to valuation (e.g., bonds issued by a company). There are numerous situations when valuations are required, including investment analysis, capital planning, merger and acquisition transactions, financial reporting, and taxable events to calculate the correct tax responsibility. Market value, fair value, and intrinsic value are common phrases used to describe an asset's or liability's value. The International Valuation Standards provide definitions for typical bases of value and generally recognised best practises for evaluating assets of all kinds.
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