Answer:
contribution margin ratio= 0.86
Explanation:
Giving the following information:
Young Company budgets sales of $970,000
Variable costs of $135,800.
To calculate the contribution margin ratio, we need to use the following formula:
contribution margin ratio= contribution margin / sales
contribution margin ratio= (970,000 - 135,800) / 970,000
contribution margin ratio= 0.86
Karl purchased a second, larger home in which to live. He has
decided to rent his first home out for $1,500 a month. His
mortgage on the first home is $1,250. Is this an example of
passive income?
A) No B) Yes
Answer:
yes
Explanation:
Passive income is any earning that does not require a person to get involved too much. It is income that requires little effort to earn and maintain. Examples of passive income include shareholder's dividends and rental income. Passive income contrasts with active income, where one participates, is fully engaged, or works for many hours.
Karl receives $1500 as rent and pays $1250 as a mortgage. He earns $250 without using too much effort.
Select all parts that should be included in a resume.
Answer:
Objective , contact information, work experience, education and training, education and training, name.
Prices for airline tickets change on average about once per month. This would suggest that airline ticket prices are
Answer:
relatively flexible
Explanation:
Flexible pricing is when there is room for negotiation of prices of a product between the buyers and sellers.
So the price is prone to change in short amount of time.
Sticky price on the other hand tends to be non negotiable and the does not change over time.in the given scenario prices for airline tickets change on average about once per month.
So there is constant change of the price every month. Meaning the buyer can convince the seller to change his offering price.
The price is relatively flexible
A young engineer wishes to become a millionaire by the time she is 65 years old. She plans to make annual deposits, beginning on her 25th birthday and continuing through her 64th birthday.
Assume that she can obtain a 8% rate of return per year. How much should each annual deposit be?
a. $2160
b. $2675
c. $3110
d. $3575
Answer:
Annual deposit= $3,860.16
Explanation:
Giving the following information:
Future Value (FV)= $1,000,000
Number of peridos= 40 years
Interest rate (i)= 8%= 0.08
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,000,000*0.08) / [(1.08^40) - 1]
A= $3,860.16
If the young engineer can obtain an 8% rate of return per year on her deposits, she can make an annual deposit of d. $3575 to become a millionaire in 40 years from her 25th birthday.
Data and Calculations:
Future deposit expected = $1,000,000
Period of savings = 40 years (64 - 24)
Interest rate per year = 8%
Annual deposit = $3,575 (calculated below)
N (# of periods) 40
I/Y (Interest per year) 8
PV (Present Value) 0
FV (Future Value) 1000000
Results:
PMT = $3,574.22
Sum of all periodic payments $142,968.94
Total Interest $857,031.06
Thus, by the end of 40 years, the young engineer will become a millionaire if she deposits $3,575 annually with an interest of 8% per year.
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Sponsorship is an effective marketing strategy, particularly for sporting goods and recreational equipment.
Answer:true
Explanation: just took the test
Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part time as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances:
a. Clem is self-employed and this year he incurred $1,005 for tools and supplies related to his job. Since neither were covered by a qualified health plan, Wanda paid health insurance premiums of $4,570 to provide coverage for herself and Clem (not through an exchange).
b. Clem and Wanda own a garage downtown that they rent to a local business for storage. This year they incurred $1,750 in utilities and depreciation of $1,225.
c. Clem paid self-employment tax of $15,200 (the employer portion is $7,600), and Wanda had $5,700 of Social Security taxes withheld from her pay.
d. Clem paid $131 to rent a safe deposit box to store his coin collection. Clem has collected coins intermittently since he was a boy, and he expects to sell his collection when he retires.
Answer:
a) Clem can deduct the $1,005 that he spent on tools and supplies. If they file their taxes jointly, they can also deduct the $4,570 spent on health insurance.
b) Both utilities and depreciation are deductible from their rental income = $1,750 + $1,225 = $2,975
c) The employer portion of self-employment taxes is deductible = $7,600. Wanda's social security payments are not deductible.
d) This a personal expense and it is not deductible.
ne
To help solve this problem, the expert in this passage
suggests that consumers
A.recycle their old cell phones.
B.stop purchasing cell phones.
C.refuse to buy cell phones made with coltan.
D.avoid using cell phones made in the Congo.
Answer:A. Recycle their old cell phones
Explanation:just took the test on edgeunity
Part II. Explain the following concepts:
1. Factors Markets
2. The Superstar Phenomenon
3. Labor Market Equilibrium
Answer:
.........................
3.......
Assume that Blossom Company uses a periodic inventory system and has these account balances: Purchases $374,100; Purchase Returns and Allowances $12,700; Purchase Discounts $6,000; and Freight-in $16,600. Blossom Company has beginning inventory of $61,600, ending inventory of $88,100, and net sales of $652,800. Determine the amounts to be reported for cost of goods sold and gross profit.
Answer and Explanation:
The computation of the amount that should be reported for the cost of goods sold and the gross profit is shown below;
But before that first determine the following amounts
Adjusted Purchases = Purchases - Purchase Returns and Allowances - Purchase Discounts + Freight-in
= $374,100 - $12,700 - $6,000 + $16,600
= $372,000
Now the cost of goods sold is
= Beginning Inventory + Adjusted Purchases - ending Inventory
= $61,600 + $372,000 - $88,100
= $345,500
And,
Gross Profit = Net Sales - cost of goods sold
= $652,800 - $345,500
= $307,300
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a
Answer: Wholesaler
Explanation:
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.
A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers
Here, Television Haven is a whilesaler while the department store is a retailer.
Fall Corp's total assets at the end of last year were $460,000 and its net income was $32,750. What was its return on total assets
Answer:
7.12%
Explanation:
Fall corporation total assets at the end of last year was $460,000
The net income was $32,750
Therefore the total return on assets can be calculated as follows
= net income / Total assets
= 32,750/460,000
= 0.07119×100
= 7.12%
Hence the return on total assets is 7.12%
The author argues that advertising often appeals to sentiments. How is this connected to vicarious consumption
Answer:
Vicarious consumption refers to showing a family's (or individual) social status through the things that they purchase, i.e. keeping up with the Joneses.
Advertising links the desire to be socially recognized and accepted with the possession of material goods. This is exactly what vicarious consumption is all about. E.g. if most of your classmates use expensive Nike shoes, you will feel different if you wear cheap shoes. If you add this feeling of being different plus Nike ads reinforcing that feeling, then you will at least consider buying Nike shoes, or whichever brand is popular among your friends.
The same thing applies to your parents, e.g. if your parents' friends all buy large SUVs, then your parents will feel different if they buy a sedan even if they would be happy with it. Again, advertisement plays an important role here because it shows SUVs as the appropriate cars for successful families (and the larger the SUV, the more successful you are).
In year 2008, Janet's firm is using a two stage dividend discount model (DDM) to find the intrinsic value of Smile White Co. Let the risk free interest rate is 4.5% and expected return of market is 14.5% and beta of the Smile White Co. is 1.15. In 2008, dividend per share is $1.72 for the company. Dividends are expected to grow at a rate of 12% per year for the next three years till 2011. After 2011 dividend growth rate will be at constant rate 9% per year indefinitely.
A. Calculate the required return by the market for Smile White Co. stock.
B. What was the intrinsic value of Smile White Co. stock when the analyst was evaluating the stock (that is in year 2008)?
Problem 2 (continued)
C. If the price of Smile White Co. was $35.00 at the time of this evaluation process in year 2008, was the stock overpriced or underpriced security considering the intrinsic value obtained by the two-stage DDM. What should be the trading strategy based on the evaluation.
Answer:
janet
Explanation:
its janet i think so
You are creating a budger for your new business. What should you include?
A All income and expenses.
B. Faed expenses but not income.
C. Income but mot variable expenses.
D. Fixed and variable expenses but not taxes.
Answer:
I guess the answer is first(A)
70 Marketing Dynamics .. .. : : . . : Part 4: Be Your Own Leader Leaders on a Top Secret Mission On December 6, 2011, a woman walked into a Michigan K-Mart and paid off someone else's layaway just in time for the holidays. That one act of kindness, completed in total secrecy, has taken on a life of its own. People have gone into stores with as much as $20,000 in their hands to anonymously pay off the layaways of others. Leaders give back, and they often do without wanting or needing recognition. A leader will always be willing to recognize others, share in other's successes, and help whenever and wherever they see a need. True leaders will do without expecting anything in return." As a leader, think of something you could do for someone else. You do not have to spend any money if you do not want to. Giving back is rarely about money. It can be as simple as leaving a note recognizing someone for the work he or she has done. ;. 1. Create your own secret mission. Decide what you can do as a leader to give back. Maybe you will volunteer at a local shelter or write a note to all of your teachers and place it in their school : mailboxes. There are so many things you could do; narrowing it down to just one thing might be the most difficult part. Fill in the following information about your secret mission. · i' ., . . .. . . ..... ....... . Mission title: Why I chose this mission: Why I believe it is important for leaders to give back: - . . NR22 W Date(s) of my mission:_ Resources I will need: - S. A W. W W Others I will need to include for the mission to succeed: mm / : VY. W : : : : TUTTE 1. . '. . 2. Once you have completed your mission, complete a self-reflection. Include other ways that, as a leader, you can give back in the future. Self-reflection: I.-.... YST - - - - Viet w Futürë thoughts and plans: .
Employees who will have performance evaluated according to the budget standards should not be involved in preparing the budget.
a. True
b. False
Answer:
false
Explanation:
Etxuck279 Inc. sells a particular textbook for $34. Variable expenses are $25 per book. At the current volume of 57,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:_____
a. $2,451,000
b. $513,000
c. $1,938,000
d. $1,425,000
Answer:
fixed costs= $513,000
Explanation:
Giving the following information:
Selling price= $34
Unitary variable cost= $25
Break-even point in units= 57,000
To calculate the fixed costs, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
57,000= fixed costs / 9
57,000*9= fixed costs
fixed costs= $513,000
The Geostar Company, leading manufacturer of wireless communication devices, is considering three cost-reduction proposals in ts Setch job-shop manufacturing operations. The company hes already calculated rates of return for the three projects, along with some incremental retes of return, as given in Table.
A denotes the do-nothing alternative. The required investments are $420,000 for A $550,000 for A and $720,000 for A . If the MARR is 15%, what system should be selected?
Incremental Investment Incremental Rate of Return (%)
A1- Ao 18
A2- Ao 20
A3- Ao 25
A2- A1 10
A3- A1 18
A3-A2 23
Answer: Alternative 3 will be selected.
Explanation:
The system that should be selected is the alternative that is better than the other alternatives by being higher than MARR if selected.
First compare A1 to A0
The rate of return here is 18% which is higher than the MARR of 15% so Alternative 1 should be chosen over A0 which is to do nothing.
Compare A1 to A2
If A2 is chosen over A1, the incremental return is 10% which is less than the MARR of 15% so A2 should not be chosen over A1. A1 should instead be chosen over A2.
Compare A1 to A3
If A3 is chosen over A1 then the incremental return would be 18%. This is higher than the MARR of 15% so Alternative 3 should be chosen over Alternative 1.
Alternative 3 should be chosen over A1 which should be chosen over A2 and A0.
A3 will therefore be selected.
If one Swiss franc (CHF) can purchase 0.85 U.S. dollar, how many Swiss francs can one U.S. dollar buy
Answer: CHF 1.18 Swiss Franc
Explanation:
If one Swiss franc (CHF) can purchase $0.85, this means that the Swiss franc is weaker than the dollar as it can only buy less than 1 dollar per Swiss franc.
If one Swiss Franc is to $0.85, one $1 will be;
= 1/0.85
= 1.18 Swiss Franc
ILL GIVE BRAINLIEST!! HELP ASAP!!
Answer: B
Explanation: I am pretty sure the answer is going to B, accounting is a profession that requires a lot of math
define the concept entrepreneur
Answer:
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame, and continued growth opportunities.
Explanation:
This should help you.
The simple interest rate per year required to accumulate the same amount of money in 2 years at 20% per year compound interest is ___________
Answer: 22%
Explanation:
Compound interest at 20% per year for 2 years is;
= (1 + 20%)² - 1
= 1.44 - 1
= 44%
The simple interest in 2 years will also be 44% for it to be equivalent.
For the yearly simple interest rate simply divide by 2 because simple interest does not get compounded.
= 44%/2
= 22%
You can monitor and protect your financial data in all of the following ways EXCEPT _____. a. Querying unfamiliar purchases found on your bank statements. b. Being cautious about what information you post on social networking sites. c. Throwing financial documents older than three months in the trash. d. Requesting a credit report and freezing your credit.
Answer:
d. Requesting a credit report and freezing your credit.
Explanation:
In the case when you have to monitor your account and protect your financial data so you can do monitored in the various ways like
1. If there is any non- familiar purchase that found in the bank statement so it would be queried
2. While posting any information on social sites you have to be very much cautious
3. The financial document who are more than 3 months could be gone in the trash
But the option d does not reflect the protection of the financial statement
Hence, the option d is correct
Financial monitoring is often done in projects. You can monitor and protect your financial data in all of the following ways requesting a credit report and freezing your credit.
Financial monitoring is simply known as having regular and up-to-date financial reports so as to review project progress and make resourcing decisions.This monitoring process includes selecting, processing and analyzing the economic so as to power up the financial discipline.
One can manage data by rethinking the way you input data etc.
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Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.
A. High school athletes stop shopping there.
B. The inventory of sports socks goes unsold.
C. Sneaker sales were declining before the decision to sell dress shoes.
D. Dress shoes cost less for the store to buy from a supplier.
Answer:
It's A) High school athletes stop shopping there and B) The inventory of sports socks goes unsold
The scenerio that can be considered as an effects which makes Sole Sister Shoe Store to choose selling of dress shoes over sneakers is because of;
High school athletes stop shopping there.The inventory of sports socks goes unsold.The reason for this is that the the Sister Shoe Store discover that those schools are not buying sneakers and sport socks like before, and the only way to make her business to move is to adopt another product which is dress.
What is an inventory?Inventory can be regarded as goods as well as merchandise, and materials that the business hold to sell in the market to earn a profit.
In this business the profit is been shared alone, therefore, A and B are correct.
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If you have serious concerns about the qualifications of a job candidate who has asked you for a written recommendation, you should:_______
Answer:
elect not to write the recommendation.
Explanation:
A job recommendation is a way of vouching for a person's behaviour, honesty, and qualifications to perform a job.
On important step before giving recommendations is to think carefully if you know and trust the person sufficiently to vouch for him.
If a recommendation is written about person and he fails to perform well, the person that wrote the recommendation will lose credibility and his career may be adversely affected.
In this instance since there are serious concerns about the qualifications of a job candidate who has asked you for a written recommendation, elect not to write the recommendation
Use the drop-down menus to identify the career that matches the description.
1.) Oversees the finances for an organization:
A.) Risk Management Specialist
B.) Investment Fund Manager
C.) Brokerage Clerk
D.) Treasurer
2.) Helps individuals create strategies for budgets, taxes, and investments:
A.) Financial Services Sales Agent
B.) Securities Trader
C.) Personal Financial Advisor
D.) Budget Analyst
3.) Manages the paperwork for buying and selling securities:
A.) Brokerage Clerk
B.) Risk Management Specialist
C.) Financial Services Sales Agent
D.) Commodities Trader
4.) Oversees a large number of combined investments:
A.) Treasurer
B.) Commodities Trader
C.) Investment Fund Manager
D.) Personal Financial Advisor
Answer:
sorry ik i’m late to answer but hopefully it can help someone else
Explanation:
1) D. Treasurer
2) C. Personal financial Advisor
3) A. Brokerage clerk
4) C. Investment fund manager
D. Treasurer
C. Personal Financial Advisor
A. Brokerage clerk
C. Investment fund manager.
What is the meaning of Treasurer?The person in charge of an organization's treasury is called the treasurer. Cash as well as liquidity administration, and risk management, including corporate finance are among the important basic responsibilities of a corporate treasurer.
The term originally referred to an individual in charge of a noble's riches, but it is now more widely used. The Lord High Treasurer served as the third major officer of the Crown on various occasions in England throughout the 17th century.
The safeguarding of assets is the role of accounting. It keeps a record of all things by keeping accurate records, so everyone may always know what resources are accessible. The Treasury is accountable for handling funding. It assesses risk and protects an organization's financial stability. Treasurers prioritize income through expanding investments, for example. In the structure of the finance department, the role of the nonprofit treasurer focuses on accounting and bookkeeping as well as managing the company's monetary adviser.
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compare and contrasts the different measures of economic development
It costs Blakeley Company $20.90 of variable and $1.90 of allocated fixed costs to produce an industrial trash can that normally sells for $30.10. A buyer offers to purchase 2,500 units at $21.90 each. Blakeley has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income
Answer:
The effect that the acceptance of the offer will have on net income is a decrease of $2,250.
Explanation:
This can be determined as follows:
Number of units offer to purchase by a buyer = 2,500
Price offered per unit by the buyer = $21.90
Variable cost per unit = $20.90
Allocated fixed costs per unit = $1.90
Total cost per unit = Variable cost per unit + Allocated fixed costs per unit = $20.90 + $1.90 = $22.80
Loss per unit of the offer = Price offered per unit by the buyer - Total cost per unit = $21.90 - $22.80 = -$0.90
Total loss of accepting the offer = Number of units offer to purchase by a buyer * Loss per unit of the offer = 2,500 * (-$0.90) = -$2,250
Since there is loss of $2,250 from accepting the offer, the effect that the acceptance of the offer will have on net income is a decrease of $2,250.
Beauty Products International happens to be located a few miles from a minimum security prison. To help released prisoners reintegrate into society, BPI hires them in entry-level jobs, provides resources to set up a home, and provides training and education to advance to higher-level jobs as they prove themselves. BPI is using this as an opportunity to
A employ sustainable business practices with regard to its employees and society.
B remove a community constraint in order to increase the company's profitability.
С use a balanced Scorecard approach to integrate their business with the community.
D teach ethical business practices to employees.
Answer:
A employ sustainable business practices with regard to its employees and society.
Explanation:
Since in the question it is mentioned that for helping released prisoners they hired for the entry level jobs, resources are to be provides also at the same time they provides the training & education
So this represents that have business practices that are sustainable in nature with respect to the employees and society
Therefore the correct option is a.
Worrying about the choice of an overhead allocation base is a waste of time. In the end, all of the overhead is charged to production. Do you agree with the previous statement? Why or why not?
Answer:
You can do it???????????????
Explanation:
IT