The contribution margin is $28,000.
The unit contribution margin is $10.50.
The contribution margin ratio is 100%.
Given information:
In September, Blossom Industries sold 800 units of the product. The average sales price was $35. The fixed costs were $6,405, and the variable costs were 75% of sales.
To determine the contribution margin in dollars, per unit, and as a ratio, we can use the following calculations:
Contribution Margin:
The contribution margin is the difference between sales and variable costs.
Contribution Margin = Sales - Variable Costs
Contribution Margin = $35 * 800 - 75% * ($35 * 800)
Contribution Margin = $28,000
Unit Contribution Margin:
The unit contribution margin is the contribution margin divided by the number of units sold.
Unit Contribution Margin = Contribution Margin / Number of Units Sold
Unit Contribution Margin = $28,000 / 800
Unit Contribution Margin = $10.50
Contribution Margin Ratio %:
The contribution margin ratio is the contribution margin divided by sales, multiplied by 100.
Contribution Margin Ratio % = (Contribution Margin / Sales) * 100
Contribution Margin Ratio % = ($28,000 / $28,000) * 100
Contribution Margin Ratio % = 100%
Break-Even Analysis:
The break-even sales can be calculated using the fixed costs and the contribution margin ratio.
Break-Even Sales (in dollars) = Fixed Costs / Contribution Margin Ratio %
Break-Even Sales (in dollars) = $6,405 / 100%
Break-Even Sales (in dollars) = $6,405
Break-Even Sales (in units) = Fixed Costs / Unit Contribution Margin
Break-Even Sales (in units) = $6,405 / $10.50
Break-Even Sales (in units) ≈ 611 units
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We've Come a Long Way From Where We Began
Answer:
oh ill tell you all about it when i see you again
Explanation:
Task 2: Savings, Investments, and Risk Management for a Middle-Aged Professional
Talk to a 40-year-old business professional with a family that includes a spouse and children.
This person can be a family member, friend, or mentor. List and describe the savings,
investments and risk management strategies for this phase of life. Describe how financial
planning has changed from the earlier phase of life.
Some risk management responses that a middle age professional can give include avoiding overspending, making reasonable budgets, having a substitute plan in place for unforeseen events.
What are the investments and strategies?A middle age professional can invest in real estate business. They could also make it a point to spend carefully and avoid lending money to people who will not pay back.
Of course, they should ahve a stable job that gurantees regular income. in addition to this, there should be a mitigation plan for unforeseen events. These strategies can help them financially.
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a license holder holds a real estate broker license but does not wish to run her own office. she may elect to contractually obligate and subordinate herself administratively to another broker to whom she is accountable. the contractually obligated broker is generally called a
The broker who is contractually obligated is referred to as the “Supervising Broker” or “Managing Broker.”
When a license holder holds a real estate broker license but does not wish to run their own office, they can choose to subdue themselves administratively and contractually obligate to another broker to whom they are accountable.The reason why a broker who holds a real estate broker license would subdue themselves administratively and contractually obligate to another broker to whom they are accountable is that they may lack the experience or resources necessary to establish and run a successful real estate brokerage on their own.
Therefore, subduing themselves to a more experienced broker would be beneficial to their growth in the industry. Additionally, it would be a safer choice since they wouldn't have to face any regulatory issues. The supervising or managing broker will be responsible for the license holder’s actions. This makes it easier for the license holder to focus on their work since they have a supervising broker to guide and direct them.
The supervising broker holds legal responsibility for the actions of the license holder since they have an employment contract with the license holder. They must also supervise the activities of the license holder to ensure that they are conducted ethically, legally, and in compliance with industry standards.
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How does competition help consumers?
economics is the study of how limited resources are used to satisfy human wants. economists look at the causes and effects of the choices people make. list 3 decisions that you have made in the last 24 hours.
Answer:
whether I should buy 1killo of orange or 2killo banana
A fundamental law of nature states that the quantities of labor, capital, land, and entrepreneurial resources that can be employed to produce products and services are finite. It implies that there are a finite number of resources available to the economy at any given time to produce products and services.
What three problems must an economic system solve?It's possible to question and remove unsourced material. The three basic economic questions that must be addressed and resolved by economic systems as a sort of social system are: "How much and which alternative commodities and services shall be created?" and "What kinds and amounts of goods shall be produced." How should products be made?
Limitations on resources and insatiable human desire are the root causes of all economic issues. It develops as a result of a lack of resources that can be used in other ways. Each community must make choices about how to use its limited resources. In general, resource allocation is the main issue in an economy.
Thus, The amount of labor, money, land and entrepreneurial resources that can be used to create goods and services is limited, according to a fundamental rule of nature.
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the country of doomsville is currently in a recession. the government of doomsville, in an effort to maintain its tax revenues in a time when incomes are falling, decides to increase the tax rate. would this policy help or hurt the recession?
Answer:
This policy would likely make Doomsville's recession worse.
Explanation:
Hope this helps, Have a great morning/night! :D
1. the amount of the adjustment to allowance for uncollectible accounts when the account balance is a $400.00 debit and $5,000.00 of accounts receivable is estimated to be uncollectible would be (a) $400.00. (b) $4,600.00. (c) $5,000.00. (d) $5,400.00.
Uncollectible accounts are credits, loans or other debts that aren't repaid by the debtor. This is Option D,$ 5,400.
Uncollectible accounts, also known as bad debt or bad debt, is a credit trade of receivables that are doubtful to be collected by the client. This term is used to estimate the receivables on an association's balance distance.
bad debts are quantities of plutocrat that a company believes its guests won't pay. guests who don't act, can not pay, or choose not to pay may affect in payment defaults.
When a receivable is determined to be uncollectible, it's generally charged to the income statement and acclimated for the provision for bad debts. The alternate effect is reflected in the company's fiscal statements as current means are written off and bad debts are written off.
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Clemson University Urgently needed $30 million to properly execute a student testing plan during fall of 2020. Clemson approached by a commercial paper dealer offering to sell an issue for Clemson. The dealer indicates that Clemson could sell a $30 million issue maturing in 270 days at an interest rate of 8. 5 percent per annum (deducted in advance). The fee to the dealer for selling the issue would be 1. 5% of the issue size. What was annual financing cost of Clemson to secure large-scale testing
The financing cost of Clemson to secure the investment will be $2.2875 million.
How to calculate the financing costFrom the information, we've to calculate the simple interest first. This will be:
= PRT/100
= (30 × 0.75 × 8.5)/100
= 1.9125 million
The fee is 1.25% of the issue size. This will be:
= 1.25% × $30 million
= $375000
Therefore, the financing cost will be:
= $1.9125 million + $0.375 million
= $2.2875 million
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Iin some years, weather patterns have caused there to be few fish in local lakes, and anglers have gone elsewhere. Also, invasive carp are threatening the lakes and may someday cause fish stocks to drop indefinitely. How should these facts impact dave and betsy’s planning?.
Few fish in the nearby lakes are the result of two issues: 1) Seasonal trends 2) The danger posed by alien carps.
The required details for carps in given paragraph
They should take both into account while planning, therefore the best strategy that will work is "they should establish a crisis reaction plan in event of a terrible weather report or a carp sighting." Carp are several species of oily freshwater fish that are native to Europe and Asia and belong to the enormous fish family Cyprinidae.
Despite the fact that carp are eaten in many regions of the world, most of the United States, Australia, and portions of Africa generally view them as invasive species.
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An employee makes $120,000 per year and saves 7% of his/her salary in the company's 401-K plan. The company matches 4% of the salary when the employee saves up to 5%. Further, the employee pays $2,000 per year in health insurance premiums for a family health insurance plan from the employer. What will be the W-2 compensation for this employee
Answer:
the W-2 compensation for this employee is $91,000
Explanation:
The computation of the W-2 compensation for this employee is given below
= $100,000 × 7%
= $7,000
ANd, there is $2000 per year in health insurance
So,
= $100,000 -$7,000- $2,000
= $91,000
Therefore the W-2 compensation for this employee is $91,000
when the fed decreases the discount rate, banks will
When the Federal Reserve increases the discount rate banks become more cautious and tend to hold extra reserves. Because banks hold extra reserves, this money will not increase through multiple deposit creation and the money supply will decrease.
Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
In the basic equation of national income accounting, GDP = C + I + G + X – IM, the government directly controls _____ and influences _____ through fiscal policy.
T; G and C
C; X and M
G; C and I
I; G and T
In the basic equation of national income accounting, GDP = C + I + G + X – IM, the government directly controls G and influences C and I through fiscal policy. G; C and I is the correct answer.
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
GDP = private consumption + gross private investment + government investment + government spending + (exports – imports)
GDP = C + I + G + (X – IM)
GDP is usually calculated by the national statistical agency of the country following the international standard.
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Question: leadership style and conflict
if kim took a vote to decide who should be on the team and made everyone part of the decision, what leadership style would she have, what are the benefits of this style on team psychology, and how might this style impact the team in managing conflict?
The type of leadership style described in the given scenario is known as participative leadership.
What is Leadership?This refers to the act of being responsible for the actions and activities of a group of people.
Hence, participative leadership would have a good psychological impact on the people because their input is asked which means that everybody's opinion matters.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding.
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Sky-High Skywriters temporarily reduces its price when a new firm called The Sky's the Limit Skywriting enters the industry. Sky-High Skywriters is practicing
Multiple Choice
Retaliation.
Price leadership.
Predatory pricing.
Cartel pricing.
The correct answer is "Retaliation."
Retaliation refers to a competitive strategy where a firm responds to a competitor's actions by taking similar or more aggressive actions.
In this case, Sky-High Skywriters is reducing its prices temporarily in response to the entry of The Sky's the Limit Skywriting in order to maintain or increase its market share. This strategy is a form of retaliation against the new entrant.
Price leadership is a strategy where one firm sets the price for a product or service and other firms in the industry follow that price. Predatory pricing involves setting prices so low that competitors are forced out of the market.
Cartel pricing is a strategy where firms collude to set prices and reduce competition. None of these strategies are being practiced by Sky-High Skywriters in this scenario.
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2. If changes happen during September or October, which expenses will you be able to change most easily? Give an example of how you could make a change. (5 points)
The correct answer to this open question is the following.
Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.
That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.
Answer:
I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.
I could make the change by
Budgeting in October:
food from spending -$70 back to -$60
cut clothes off since I bought some already from -$40 to $0
budget my discretionary spending from -$60 back to -$40
This would increase my savings to $230
___ is the management philosophy and strategy focussed on creating value for the customer by eliminating waste.
The management philosophy and the strategy focused on creating ac value for the customer by eliminating the waste is called Lean.
Management's lean philosophy and strategy focuses on creating value for customers by eliminating waste.
This includes activities that do not create value for the customer, such as delays, wait times, inventory, additional travel, etc.
By streamlining and optimizing processes and eliminating waste, businesses can reduce costs, create value and improve customer satisfaction.
Additionally, Lean emphasizes the importance of customer feedback in developing and improving products and services.
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Why do you feel we should choose to hire you over other candidates?*
1
Answer:
Because you have a unique skill that they will need.
Explanation:
the level of safety stock maintained decreases when the standard deviation of demand during lead−time decreases.
The level of safety stock maintained decreases when the standard deviation of demand during lead time decreases, as a more predictable demand reduces the need for maintaining a large safety stock.
The level of safety stock maintained decreases when the standard deviation of demand during lead time decreases. Safety stock is a buffer inventory maintained by a company to protect against uncertainties in demand and lead time. It serves as a cushion to ensure that the company can fulfill customer orders even during periods of unexpected fluctuations or delays.
When the standard deviation of demand during lead time decreases, it implies that the demand is more predictable and stable. In this scenario, the company can have a higher level of confidence in accurately forecasting the demand during lead time. With reduced variability in demand, the chances of stockouts or shortages are minimized, and therefore, there is less need for maintaining a large safety stock.
By decreasing the level of safety stock, the company can optimize its inventory management and reduce holding costs. Holding excess safety stock ties up capital and incurs storage expenses. Hence, when the standard deviation of demand during lead time decreases, the company can adjust its safety stock levels to align with the improved predictability, resulting in more efficient inventory management.
In conclusion, the level of safety stock maintained decreases when the standard deviation of demand during lead time decreases, as a more predictable demand reduces the need for maintaining a large safety stock.
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The level of safety stock maintained decreases when the standard deviation of demand during lead time decreases because there is less uncertainty in demand, reducing the likelihood of stockouts.
Safety stock is the extra inventory held to protect against uncertainties in demand or lead time. It acts as a buffer to prevent stockouts and ensure that customer orders can be fulfilled even if there are variations in demand or lead time.
When the standard deviation of demand during lead time decreases, it means that the demand during that period is more predictable and stable. This indicates that there is less variability or uncertainty in the demand patterns.
As a result, the need for safety stock decreases. With lower variability in demand, there is a reduced likelihood of stockouts occurring. Therefore, less safety stock is required to maintain the desired service level.
To illustrate this, let's consider an example. Imagine a company that sells umbrellas. During the rainy season, the demand for umbrellas is more predictable and stable. In this case, the standard deviation of demand during lead time would be lower because the demand for umbrellas is consistent.
As a result, the company can maintain a lower level of safety stock since there is less uncertainty in the demand. Conversely, during unpredictable weather conditions or seasons with high demand variability, the company would need to increase its safety stock to ensure it can meet customer orders.
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The economy on the island of Bacchus produces only grapes and wine. The production of 1 poundof grapes requires 1/2 pound of grapes, 1 laborer, and no wine. The production of 1 liter of winerequires 1/2 pound of grapes, 1 laborer, and 1/4 liter of wine. The island has 10 laborers who alltogether demand 1 pound of grapes and 3 liters of wine for their own consumption. Write out theinput-output system for the economy of this island and solve it
in the economy of the island of Bacchus, 40/3 pounds of grapes and 10/3 liters of wine are produced and consumed by 10 laborers.
To solve the input-output system, we need to establish a set of equations based on the given information. Let G represent the quantity of grapes and W represent the quantity of wine. The equations can be written as follows:
Production of Grapes: G = (1/2)G + 10L + 0W
Production of Wine: W = (1/2)G + 1L + (1/4)W
Consumption: 1G + 3W = 10L + 0W
We can simplify equation 1 to 1/2G - 10L = 0 and equation 2 to 1/2G - L + (3/4)W = 0. By substituting the simplified equations into equation 3, we get 1G + 3W = 10L. Rearranging this equation, we get 1G - 10L + 3W = 0.
Solving these equations simultaneously, we find G = 40/3 pounds of grapes, W = 10/3 liters of wine, and L = 10 laborers. These values represent the equilibrium quantities of grapes and wine produced and consumed on the island.
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Using cost-benefit analysis, a local government would decide to build a new bridge if the additional tax paid by an individual resident is greater than the additional benefit of building the bridge for all residents. The additional tax paid by an individual resident is greater than the additional benefit of building the bridge for all residents. The toll paid by an individual resident crossing the bridge is less than the resident’s benefit from crossing the bridge. The toll paid by an individual resident crossing the bridge is less than the resident’s benefit from crossing the bridge. The total costs of building the bridge are less than the total benefits from building the bridge. The total costs of building the bridge are less than the total benefits from building the bridge. The total costs of building the bridge are greater than the total benefits from building the bridge. The total costs of building the bridge are greater than the total benefits from building the bridge. Total costs are at a minimum and total benefits are at a maximum
Using cost-benefit analysis, a local government would decide to build a new bridge if total costs are at minimum and total benefits are at maximum.
Businesses utilise a cost-benefit analysis as part of a systematic procedure to determine which options to take and which to ignore. The cost-benefit analyst adds up the potential benefits anticipated from a circumstance or course of action before deducting the overall expenses related to that course of action.
Intangible benefits, costs, or consequences of a choice, such staff morale and customer happiness, can also be considered in a cost-benefit analysis.
Assessment, depreciation of future cash flow, and numerous options may all be included in a more complex cost-benefit analysis. All things being equal, it will typically be advantageous for the business to take on a project if the analysis shows more benefits than expenses.
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According to president reagan’s model for supply-side economics, the first step to triggering a cycle of growth was reducing taxes. raising taxes. regulating businesses. creating government programs.
President Reagan's model for supply side economics emphasised on reducing taxes as the first step for triggering the cycle of Growth.
What is supply-side economics?Supply-side economics is a macroeconomic theory in which focus is given on supply side. In this theory Tax reduction ,decrease in regulation will ultimately improve the economic growth.
Producers will pass on the benifits to employees and on production front the produce will be more with lower prices.
Reducing taxes as per supply side economics will trigger a cycle of growth. Hence Option A is correct.
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Answer:
A
Explanation:
2. What does AOC stand for?
d. Area of Concentration
c. Area of Careers
b. Awareness of Careers
na Awareness of College
Answer:
The answer is D. Area of Concentration
Explanation:
Area of concentration (AOC) must be listed along with a skill identifier (if applicable) and listed as the primary specialty.
pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.5%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 15 % 32 % Bond fund (B) 9 % 23 % The correlation between the fund returns is 0.15. Suppose now that your portfolio must yield an expected return of 12% and be efficient, that is, on the best feasible CAL. a. What is the standard deviation of your portfolio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
The standard deviation of the portfolio is 7.09%.
What is the proportion of stock in minimum risky portfolio?= [(0.23)² - (0.32*0.23*0.15)] / [(0.32)² + (0.23)² - (2*0.32*0.23*0.15)]
= 0.31421708452
= 31.42%
What is proportion of bond fund in minimum risky portfolio?= 1 - 0.31421708452
= 0.68578291548
= 68.58%
What is the expected return of minimum risky portfolio?= 0.3142*15% + 0.6858*9%
= 0.04713 + 0.061722
= 0.108852
What is the standard deviation of your portfolio?= ((0.6858)² * (0.23)² * (0.3142)² * (0.33)²) + ((2 * 0.6858 * 0.3142 * 0.32 * 0.23 * 0.15))^0.5
= (0.00026747972 + 0.00475776218)^0.5
= 0.0050252419^0.5
= 0.0708889406
= 7.09%
Therefore, the standard deviation of the portfolio is 7.09%.
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Fast fine foods markets some of its products to consumers looking for simple quick meals. Fast find foots also offer another line of products targeted to to people interested in low-fat, high nutrition foods. The companies strategy of dividing the market into groups that want similar things from the products they buy is an example of
Answer: Market segmentation
Explanation:
Market segmentation is when a market is being divided based on the customers needs. Customers with similar characteristics or needs are grouped together.
Market segmentation helps a business in reaching customers with similarbjeeds quicker and this leads to improvement in satisfaction and customer relationships. This is the method used by Fast fine foods.
How does using myNav allow Accenture to help?
MyNav enables Accenture to support its clients' sustainability efforts:
through assisting in the development of cloud services that lower carbon emissions.This is a known tool that aids businesses in creating or setting up cloud solutions that reduce carbon emissions and provide a foundation for good and improved innovation.
The myNav enables Accenture to assist its clients in being more environmentally friendly by easing the development of cloud solutions that lower carbon emissions.,through promoting the development of cloud technologies that cut down on carbon emissions,by rearranging factories so that it is simple to measure carbon emissions,by developing innovative business strategies to cut back on transportation expenses,by establishing new rules for getting rid of old technology.
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frictional unemployment: a. is unemployment that occurs as a result of a downturn in the economy. b. is short-term unemployment associated with individuals who are not working while seeking their first job or changing jobs. c. occurs when the jobs that are available require skills that do not match the skills possessed by those seeking jobs. d. is the only type of unemployment that makes a person eligible for unemployment benefits.
Frictional unemployment is short-term unemployment associated with individuals who are not working while seeking their first job or changing jobs. The correct answer is B.
In the economy, frictional unemployment is brought on by employees or persons changing jobs. This might happen when a person relocates, quits their present job in search of something better, or looks for a job that matches their new abilities, experience, or education. Because of this, this kind of unemployment is not related to the growth of the economy but rather to individuals' choice changes in their lives and jobs. As a result, frictional unemployment happens inherently even in markets that are stable or expanding.
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ACTIVITY 2.
Identify and explain briefly the question below
1 What are the 4P's in marketing plan?Explain each
А__________
B__________
С__________
D__________
Answer:
A. Product
B. Price.
C. Place.
D. Promotion.
Explanation:
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Which of the following is not one of the reasons for financial failure? A. Ignorance of current tax laws B. Failure to establish definite goals C. Procrastination D. Investments in mutual funds
Investments in mutual funds is not one of the reasons for financial failure. Hence, option D is correct.
What is Investments in mutual funds?A mutual fund is a business that collects money from many different sources and uses it to buy securities like stocks, bonds, and short-term loans. All of a mutual fund's holdings are referred to as its portfolio. Investors buy shares of mutual funds.
Mutual funds are typically seen as safe investments with little risk and a great method for investors to diversify. When it comes to fees, a mutual fund might not always be the greatest choice for a market participant.
Although there are many different types of mutual funds, most of them fall into one of four basic categories: stock funds, money market funds, bond funds, and target-date funds.
Thus, option D is correct.
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booker t. and the mgs were used on many of the memphis soul recordings.
Booker T. and the MGs, often referred to as simply "The MGs," were an influential instrumental R&B and soul group that played a significant role in shaping the sound of Memphis soul music.
The group was formed in the early 1960s and consisted of four exceptionally talented musicians: Booker T. Jones on organ and piano, Steve Cropper on guitar, Lewie Steinberg (later replaced by Donald "Duck" Dunn) on bass, and Al Jackson Jr. on drums.
The MGs became the house band for Stax Records, a prominent soul record label based in Memphis, Tennessee. They served as the primary backing band for numerous artists and were featured on countless recordings, contributing their distinct and tight musical arrangements to many Memphis soul classics.
Their collaborations with artists such as Otis Redding, Wilson Pickett, Sam & Dave, and Eddie Floyd produced some of the most iconic and enduring songs of the era. Tracks like "Green Onions," "Soul Man," "In the Midnight Hour," and "Dock of the Bay" showcased the MGs' impeccable musicianship, soulful grooves, and their ability to elevate the recordings they played on.
The MGs' contributions to Memphis soul helped define the genre, blending elements of R&B, blues, and gospel with their own signature style. Their tight rhythm section, melodic organ lines, and infectious guitar riffs became synonymous with the Stax sound and left a lasting impact on soul music as a whole.
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