Answers
The word used to denote the loan's interest rate in the Excel PMT function is called rate.
The recurring payment for a debt is returned by the Excel PMT function, which is a financial function. Given the loan amount, number of repayment periods, and interest rate, you can use the NPER function to calculate the loan's installments.
The PMT Function computes a loan's payment using fixed instalments and a fixed interest rate.
The essential parameters are part of the PMT method syntax:
Rate is required. the loan's interest rate.
Nper Essential The no of of loan payments.
Pv is required. The principle is also known as the present value, or the entire amount that a series of future payments would be worth today.
Fv optional. The targeted cash balance following the final payment or the value in the future. If fv is absent, it is considered to be zero, meaning that the loan's future value is zero.
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Related Questions
Select the correct answer.
Adidea Corp. has a year-end inventory of $85,000. However, the general ledger account shows a debit balance of $95,000. The company must
change the general ledger to reflect the actual inventory. Assuming the company uses a perpetual system, which adjusting worksheet entry does it
need to use?
X A. Inventory (debit) 10,000
Cost of goods sold (credit) 10,000
B. Inventory change (debit) 10,000 Inventory (credit) 10,000
OC. Cost of goods sold (debit) 10,000 Inventory change (credit) 10,000
Inventory (debit) 10,000
Inventory change (credit) 10,000
D.
Answers
Answer: B. Inventory change (debit) 10,000 Inventory (credit) 10,000
Explanation:
Option B. is the correct adjusting worksheet entry because it correctly reflects the difference between the actual inventory ($85,000) and the inventory recorded in the general ledger ($95,000). The debit entry of $10,000 to "Inventory change" increases the inventory to the correct amount of $85,000, and the credit entry of $10,000 to "Inventory" decreases the recorded inventory in the general ledger to the correct amount of $85,000. This will help to match the actual inventory with the general ledger account.
the following balance where extracted from the book of Alfsal, a sole trader as at 31/12/2014 capital 198000 ,drawing 10700, building 300000, office equipment (cost le 22000) 15000, patent 24000, delivery van at cost63000, Accumulated depreciation delivery vans 14000, stock 01/01/2014 29000, sale485,000, purchase 196000, return outward 5300, return inward 17000, creditor 21900, debtor 34800, discount received 1400, wages and salaries 105,000, general expenses 13000,stationary 4800, tem loan(received on 01/04/2014) 50,000. vat 17300. provision for bad debts 2500. Advertising 5700. insurance 9,000. loan interest paid 1,000. bank42,600. PRSI/USU 10,200. profit and loss balance 01/01/2014 65,000. you are given the following aditional information: stock for resale at 31/12/2014 was le 19,000. stationary paid in advance was le 1,200. provision should be made for interest due on loan. the rate of interest is 6%per annum. wages and salaries are to be divided 75%for employees and drawings. building 10% of cost. delivery van 10% of net book value. office equipment 20% of cost. provision for bad debts is to be adjusted to 10% of debtors . you are required to prepare a trading and profit and loss account for the year ended 31/ 12/2014. balance sheet as at 31/12/2014.
Answers
Here is the trading and profit and loss account for the year ended 31/12/2014:
The Trading and Profit and Loss AccountFor the year ended 31/12/2014
Particulars Amount
Sales €485,000
Less: Cost of Goods Sold €196,000
Gross Profit €289,000
Less: Expenses
- Wages and Salaries (75%) €78,750
- General Expenses €13,000
- Stationary €4,800
- VAT €17,300
- Provision for Bad Debts €3,480
- Advertising €5,700
- Insurance €9,000
- Loan Interest €600
- PRSI/USU €10,200
Net Profit €157,370
Here is the balance sheet as at 31/12/2014:
Balance Sheet
As at 31/12/2014
Assets Liabilities
Cash €42,600
Bank €1,200
Debtors €34,800
Stock €19,000
Capital €213,570
Drawings €10,700
Building €300,000
Office Equipment €15,000
Patent €24,000
Delivery Vans €49,000
Accumulated Depreciation €28,000
Provision for Bad Debts €3,730
Loan €50,000
Profit and Loss €157,370
Total €618,570
Total €618,570
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the graph at right shows the situation after the u.s. removes a tariff on imports of canned tuna.
A. C.
B. A+B+C+D.
C. A.
D. B+C+D.
Which area shows the loss in producer surplus?
A. B+C+D.
B. A+B.
C. A.
D. A+B+C+D.
Which area shows the loss in government tariff revenue?
A. A.
B. C.
C. A+B+C+D.
D. B+C+D.
Which areas show the reduction in deadweight loss?
A. B+C+D.
Answers
The graph that shows the situation when the U.S. removes a tariff on imports of canned tuna shows that the gain in consumer surplus is B. A+B+C+D.
The area which shows the loss of producer surplus is C. A.
The area which shows the loss in government tariff revenue is B. C.
The area showing a reduction in deadweight loss is B+D.
What happens when a tariffs are lifted ?When a tariff is lifted, the price of the good or service usually decreases, which increases consumer surplus. Consumers are able to purchase the same goods and services for a lower price, which results in a larger consumer surplus.
The price of the good or service usually decreases, which decreases producer surplus. Producers receive a lower price for the same goods and services, which results in a smaller producer surplus.
The government no longer receives revenue from that tax. Therefore, government revenue decreases when a tariff is lifted. The market becomes more efficient as the price of the good or service decreases, this leads to a decrease in deadweight loss.
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Question 6 of 10
A risk response plan lists your risks, including identified risk causes, description, and
Select an answer:
potential impacts
why the risk can't be avoided
your sponsor's assignee to handle risk
issue register
Answers
A risk response plan lists your risks, including identified risk causes, descriptions, and Option A. potential impacts.
The Risk Response Planning is a process that recognizes potential risks, assesses them, and establishes management plans to reduce or prevent them. Risk response plans should describe the expected outcome of each response action, any significant input from stakeholders, and the time and resources required to carry out the response. A risk response plan typically includes the following sections:
Risk Management Plan Preparation - This section provides guidance for preparing the risk management plan's remainder. It describes the recommended contents of the risk management plan and the recommended process for preparing it.
Risk Identification - This section identifies risk sources that might cause a negative outcome for the project. It also provides a risk identification checklist that the project team can utilize as a starting point for identifying risks.
Risk Analysis - This section analyzes each identified risk's potential impact on project success by estimating the probability of occurrence and the potential effect on the project's objectives.
Risk Response Development - This section outlines the strategies and actions for managing risks. It includes contingency plans for high-priority risks and an implementation plan for all other risks.
Risk Response Control - This section describes how to evaluate the effectiveness of the risk response strategy, establish contingency plans, and implement corrective action as needed.
Risk response plans should be developed in collaboration with stakeholders to ensure that the project's risks are addressed appropriately. In addition, they should be reviewed regularly and updated as necessary throughout the project. The most important part of any risk response plan is the risk response strategy, which describes the specific actions to be taken in response to each identified risk. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Question 6 of 10
A risk response plan lists your risks, including identified risk causes, descriptions, and
Select an answer:
A. potential impacts
B. why the risk can't be avoided
C. your sponsor's assignee to handle risk
D. issue register
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It is ____________ to miss a job opportunity because you are a minority worker.
Answers
Reverse discrimination
When a person is denied an opportunitity because of preferences given to protected-class individuals who may be less qualified.
g Zander Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month. In July the company completed job F21X that consisted of 10,500 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job F21X shows the following costs: Beginning balance $45,150 Direct materials $363,300 Direct labor cost $161,700 Manufacturing overhead cost applied $207,900 During the month, the actual manufacturing overhead cost incurred was $205,800 and 7,000 completed units from job F21X were sold. No other products were sold during the month. The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for July is closest to:
Answers
Answer:
$518,700
Explanation:
For the computation of unadjusted cost of goods sold first we need to find out the total cost of Job F21X and cost per unit which is shown below:-
The Total cost of Job F21X = Beginning balance + Direct materials + Direct labor + Manufacturing overhead applied
= $45,150 + $363,300 + $161,700 + $207,900
= $778,050
Cost per unit = Total cost of Job F21X ÷ Number of units
= $778,050 ÷ 10,500
= $74.10
Cost of goods sold = Completed units from Job F21X × Cost per unit
= 7,000 × $74.10
= $518,700
A constraint on travel, when failing to obtain a visa, is known as an Answerissue.
Answers
The article is primarily made up of numbers and facts, as if this might actually solve any issues.The term "neo social movements" refers to issue-specific movements that began after the 1980s.
Which three restrictions apply to travel?According to Crawford and Godbey (1987; 1991), the model includes three types of limitations: interpersonal, intrapersonal, and structural constraints. Individuals who are alone when travelling have interpersonal limits.
Which four restrictions on travel apply?Four groups—intrapersonal, interpersonal, structural, and not a travel option—are used to group the 30 low-carbon travel restrictions.
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What are the differences between morals and ethics?
Answers
Can someone sign up for temu for me with a link
Answers
Answer:
i don't y'all
Explanation:
ddddd
QUESTION TWO
On completion of writing up the books, the following matters are brought to your
attention:
a) Stocks of food and drink at 28 February 2012 are valued at $250.
b) Mr. Shah owes a waiter $20 in respect of overtime worked in week 4.
c) The rates payments cover the period 1 February to 30 April
d) Electricity consumed in the month is estimated to be. $100.
e) Being a prudent man, Mr. shah instructs you to create a provision for doubtful
debts of 4% of debtors.
f) It is decided to write off fixtures and fittings by equal installments over 10 years.
You are required to:
1) Adjust the books for the above
2) Prepare the restaurant's trading and profit and loss account for the first month
and a balance sheet as at 28 February 2001
Answers
Explanation:
it's tedious. I need help on this question. it looks like an incomplete question
In which of these do homeowners own BOTH the home and the
land it sits on?
cooperative
timeshare
condominium
townhouse
Answers
Answer:
time share is the answer or townhous
10 POINTS HELP HELP HELP
Answers
In accounting for a defined benefit pension plan:______________.
A. the expense recognized each period is equal to the cash contribution.
B. an appropriate funding pattern must be established to ensure that enough monies will be available at retirement to meet the benefits promised.
C. the employer's responsibility is simply to make a contribution each year based on the formula established in the plan.
D. the liability is determined based upon known variables that reflect future salary levels promised to employees.
Answers
Answer:
C. the employer's responsibility is simply to make a contribution each year based on the formula established in the plan.
Explanation:
A defined benefit pension plan is one that promises an employee that a particular amount of money will be paid to them on retirement. As far as they make contributions based on a formula that takes into consideration age, tenure, and earning history.
So the main responsibility of the employee is to simply make a contribution each year based on the formula established in the plan.
The benefit to be gained remains defined.
On the other hand a defined contribution plan is one that is dependent on the amount that is being contributed by the employee.
Benefits to be paid out will depend on the amount collected before retirement.
Who might an HR professional turn to for help in making good use of external
recruitment sources?
OA. A recruitment agency
OB. A corporate manager
OC. A guidance counselor
O D. An advertising firm
Answers
A recruitment agency is a source to which the HR professional turn to for help in making good use of external recruitment sources. Thus, option A is appropriate.
Identification, attraction, interviewing, selection, hiring, and onboarding of personnel are all included in the recruitment process. Put it another way, it covers everything from identifying a staffing requirement to meeting it. Various employees are in charge of recruiting, depending on the size of the company.
The entire process of finding, sourcing, screening, shortlisting, and interviewing people for positions within an organization is known as recruitment. The selection of candidates for unpaid positions is another step in the recruitment process.
Thus, option A is correct.
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Mr. A and mr. B have the following respective demands: Pa=25−5Q Pb=11−Q a. Graph them on separate graphs. b. Mr. A has no X while mr. B has 10 X. What are their marginal and total values at these quantities? Using either method discussed in the chapter, how much each will have after trade? What will be their marginal values at these quantities?
Answers
Values at the margin after a trade:
The additional value derived from consuming one more unit of the product is known as the marginal value. For Mr. A, the minor worth of X is zero after exchange since he will sell it free of charge. Because Mr. B is willing to pay up to $6 for the subsequent unit of X, the marginal value of X for him is $6.
What is Marginal Values?Marginal values are the cost or value added by producing or using an additional unit of a product or service. The change that occurs as a result of a small incremental increase or decrease in a particular variable is referred to as "marginal" in economics.
For instance, a product's marginal value is the additional value that a consumer obtains from consuming one more unit of that product. Similarly, a producer's marginal cost of production is the additional cost of producing one more unit of a product.
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q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking
Answers
Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.
Difference between critical and creative thinking:
Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.
On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.
Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.
While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.
Positive use of leisure time:
Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:
Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.
Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.
Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.
Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.
Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.
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Wisdom Toys has budgeted sales and production over the next quarter as follows: Unit Sales Production September 43,000 44,400 October 50,000 52,800 November 64,000 61,200 The company requires that 20% of the next month’s sales in units are on hand at the end of each month. December sales are expected to be 50,000 units. How many video games are in inventory at October 31?
Answers
Answer:
$12,800
Explanation:
This can be calculated as follows:
November sales in unit = 64,000
Since Wisdom Toys requires that 20% of the next month’s sales in units are on hand at the end of each month, we have:
Number of video games in inventory at October 31 = November sales in unit * 20% = 64,000 * 20% = 12,800
Therefore, 12,800 video games in inventory at October 31.
Explain how color can be used in physical records storage
Answers
Answer:
Things can be color-coded.
If government regulations are enforced to reduce corruption, then: the demand for investment will fall. businesses would lower their investment . the demand for loanable funds will shift left. the demand for loanable funds will shift right.
Answers
If government regulations are enforced to reduce corruption, then: c. the demand for loanable funds will shift left.
What is government regulations?Government laws that are successfully put into practise to combat corruption enhance the business climate and boost economic confidence.
As a result, companies are likely to become more dependable and trustworthy, which will reduce the demand for loanable cash. Businesses might not need as much outside funding if there is less corruption to decrease the risks brought on by corrupt practises or to get around obstacles to doing business.
Therefore the correct option is C.
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Discuss why positive thinking is critical in starting the entrepreneurship journey
Answers
1. Motivation: Starting a business can be challenging, and there will be times when things don't go as planned. Positive thinking can help entrepreneurs stay motivated and focused on their goals, even when faced with obstacles.
2. Resilience: Entrepreneurship is a journey filled with ups and downs. Positive thinking helps entrepreneurs build resilience and bounce back from setbacks quickly. It enables them to focus on solutions rather than dwelling on the problems.
3. Creativity: Positive thinking encourages entrepreneurs to think creatively and come up with innovative solutions to problems. Positivity can help entrepreneurs see possibilities where others may only see challenges.
4. Confidence: A positive mindset can help entrepreneurs approach challenges with confidence, which can be critical when making important business decisions. It helps entrepreneurs believe in their abilities and their vision, which can be contagious and attract others to their business.
5. Networking: Positive thinking can also help entrepreneurs build strong relationships with others. People are naturally drawn to positive individuals, and this can help entrepreneurs build a strong network of supporters, mentors, and partners.
In summary, positive thinking is critical in the entrepreneurial journey because it helps entrepreneurs stay motivated, builds resilience, encourages creativity, boosts confidence, and enables entrepreneurs to build strong relationships with others.
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Which type of worker would most likely be able to begin work after receiving a high school degree and completing an on-the-job apprenticeship? a miner a forester a conservationist a park worker
Answers
Answer:
I think it would be a park worker
Explanation:
Park workers don't use as much heavy equipment as miners
A worker would most likely be able to begin work after receiving a high school degree and completing an on-the-job apprenticeship is conservationist. Option C is correct.
What is Conservationist?A conservationist is a person who works to preserve wildlife, plants, or their natural environments. While some environmentalists teach students about environmental issues, others clean up seabirds after oil spills in the water. He might wish to become a conservationist if you are concerned about protecting the environment and wildlife.
A person active in conservation is one who works to safeguard wildlife, plants, and other natural resources as well as to stop the loss and waste of these resources.
Further a person who complete his education Biology A-Levels are essential, as well as at least one other subject. Furthermore, geography has its uses. A BSc in Biology, Environmental Science, or Zoology might be a suitable place to start after A-Levels before specializing during a Masters for post of conservationist.
Thus option C is correct.
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Thought of the Day:
“If everything was perfect, you would never learn and you would never grow.” – Beyoncé
Joke of the Day:
What’s worse than finding a worm in your apple? Finding half a worm.
Random Fact of the Day:
Johnny Cash took only three voice lessons before his teacher advised him to stop taking lessons and to never deviate from his natural voice.
Journal Entry Idea:
What would you do if you were able to communicate with animals?
Answers
Answer:
talk to my dog, I think it would be entertaining
Answer:
Thought of the Day:
"People who wonder whether the glass is half empty or half full are missing the point. The glass is REFILLABLE."
Joke of the Day:
Why did the nurse need a red pen at work? In case she needed to draw blood.
Random Fact of the Day:
A giraffe's neck is (ironically) too short to reach the ground..
Journal Entry:
I were able to every communicate with animals, I would try my hardest to win them all over and convince them that they are all loved in the world.
Explanation:
This question was extremely fun! Thank you for posting! :)
Tyler Smith has gone to the career placement center at his university. He has taken both an interests inventory and a personality test and has found careers where his interests and personality are well suited. Which stage in the career planning and advancement process has Tyler completed?
Answers
Answer: d. Assess and research personal goals and abilities.
Explanation:
The Career Planning and Advancement process is a very important tool for helping a person (typically young) to decide what career would be most suitable for them given the type of person they are.
There are several steps involved and Tyler has just completed the step where he assesses, researches and ascertains his personal goals and abilities through the use of a personality test and an interests inventory.
This enabled him to know the type of careers that he may be suited for given his interests and personality.
Dan plant will require two shifts of skilled workers, seven days a week. As he does his research he will pay particular attention to --------
Answers
As Dan plans to require two shifts of skilled workers, seven days a week, he will likely pay particular attention to factors such as labor laws, labor costs, and availability of skilled workers in the area.
What is Skilled Worker?
A skilled worker is a person who has specialized knowledge, training, and experience in a particular field or trade. Skilled workers possess expertise and competency in a specific occupation, which usually requires a certain level of formal education, vocational training, or on-the-job experience. Examples of skilled workers include electricians, plumbers, carpenters, mechanics, welders, machinists, and healthcare professionals such as nurses and doctors.
He may also consider factors such as employee benefits, training programs, and safety regulations. Additionally, he may need to consider logistical factors such as transportation and scheduling to ensure that the shifts run smoothly and efficiently.
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On January 1, 2021, Clark Corporation sold an $800,000, 7% bond issued for $767,320. The bonds are to pay interest quarterly and mature in 5 years. The market rate of interest if 8%. What is Clark’s total cost of borrowing?
Answers
Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.
What is the total cost of borrowing?The total cost of borrowing includes the bond discounts and the interest expenses.
In this case, the total cost of borrowing is $344,702.87. However, this is only the pre-tax cost.
Data and Calculations:Face value = $800,000
Interest rate = 7%
Bonds proceeds = $767,320
Bonds discounts = $32,680 ($800,000 - $767,320)
Maturity period = 5 years
Market rate = 8%
Interest payment = quarterly
Quarter interest expense = $14,000 ($800,000 x 7% x 1/4)
N (# of periods) = 20 (5 x 4)
I/Y (Interest per year) = 8%
PMT (Periodic Payment) = $14,000 ($800,000 x 7% x 1/4)
FV (Future Value) = $800,000
Results:
PV = $767,297.13
Sum of all periodic payments = $280,000 ($14,000 x 20)
Total Interest = $312,702.87
Total cost of borrowing = $344,702.87 ($32,680 + $312,702.87)
Thus, Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.
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Recent news articles have noted that women are "a crucial part of society and they are an untapped resource.") From your point of view, what impact will more women participation in the world economy have on the global GDP?
Answers
Answer:
The more women participate in the labor force and the global economy, the more the global GDP will grow. For too many years and in too many countries women have been forced to carry out only domestic labor, but that should end. A woman is perfectly capable to do the same tasks as any man.
What is the decision and reasoning of the Michael J French v. American Airlines- 2009 US dist. LEXIS 48654 (US district court Utah central division)
Answers
The court ruled in favor of American Airlines in the Michael J. French v. American Airlines case, finding that the airline had not broken the Americans with Disabilities Act by mandating that the passenger's service animal remain in a kennel throughout the flight.
An airline passenger's request for a reasonable accommodation under the Americans with Disabilities Act (ADA) was the subject of the Michael J. French v. American Airlines lawsuit in 2009. A disabled traveler named Michael J. French asked American Airlines to give him a special seat for his Golden Retriever service dog on a flight from Utah to Pennsylvania. American Airlines turned down the demand.
The case was handled in Utah's Central Division of the US District Court.
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Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 350 balloons each month. His largest competitor, Paul, sells 874 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What is Levon's relative market share based on units
Answers
The market share of Levon is 28%
Market Share of LevonTotal revenue of Levon is calculated:
$8 * 350 balloons = $2,800 per month
Total Revenue of the market:
$5 * 2000 balloons = $10,000 per month
Dividing Total Revenue of Levon with Total Revenue of the market
$2,800 / $ 10,000 = 0.28
Convert into percentage by multiplying with 100
0.28 * 100 = 28%
Conclusion
The market share of Levon is 28%
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Each year The Calendar Shop orders calendars for the coming year. Anticipated demand for the coming year is for 2000 calendars. The Shop's fixed costs are $750. Each calendar cost $3 and The Calendar Shop sells each one for $5.00. At the end of July during the next year, The Shop will reduce the calendar price to 60% of the original selling price and will sell all the surplus calendars at this price. Assume the original selling price varies from $4.00 to $7.25 in increments of $0.25. The Calendar Shop can order in increments of 250 calendars up to a maximum of 4000 calendars. Answer the questions below. For each question, start with the original conditions given here.
10.If the sale price is set at $4.75, the Calendar Shop can expect to make the maximum profit when the order quantity is : A. 2,000 B. 2,500 C. 3,000 D. 3,500
Answers
A. 2,000. The maximum profit is obtained when the order quantity is set at 2,000, since this is the anticipated demand for the coming year.
What is profit?Profit is the amount of money a business earns after expenses are deducted from its total revenue. It is the difference between a company's total revenue and expenses, and it is a measure of the business's performance. It serves as an indicator of a company's financial health and is an important metric for investors and owners. Profit is also referred to as net income, net earnings, or the bottom line.
With 2,000 calendars, the Calendar Shop can cover its fixed costs of $750, and will make a profit of $2,250 ($5.00 minus $2.75 per calendar). With an order of more than 2,000 calendars, the price per calendar will have to be reduced, resulting in a lower overall profit.
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