Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $130 each. Direct materials cost $18 per unit, and direct labor costs $15 per unit. Manufacturing overhead is applied at a rate of 250% of direct labor cost. Nonmanufacturing costs are $34 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.) Multiple Choice 19.2% 80.8% 45.4% 63.3% O O
Answers
The gross profit margin for the cat condos is 45.4%
Gross profit margin is defined as the difference between net sales and cost of goods sold. It is used to measure the financial health and profitability of a business. It is calculated as follows: Gross profit margin = (Net sales - Cost of goods sold) / Net sales To calculate the cost of goods sold, we need to first calculate the manufacturing overhead cost per unit and then add it to the direct materials and direct labor costs per unit. This is done as follows: Manufacturing overhead cost per unit = 250% of direct labor cost per unit= 250% * $15= $37.5Cost of goods sold per unit = Direct materials cost per unit + Direct labor cost per unit + Manufacturing overhead cost per unit= $18 + $15 + $37.5= $70.5Now, we can calculate the gross profit margin as follows: Gross profit margin = ($130 - $70.5) / $130= $59.5 / $130= 0.4577 or 45.77% ≈ 45.4%
Therefore, the gross profit margin for the cat condos is 45.4%.
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Related Questions
Which statement describes what this graph indicates about government spending? the government spends less than it receives year over year. the government should produce more money to cover spending. the government on average spends more than it collects. the government needs to lower taxes to cover spending.
Answers
The government spending graph indicated that
the government on average spends more than it
collects.
What is Government Spending?Government Spending serves as the public expenditure on goods as well as services which can be seen as a major component of the GDP.
Therefore, it can be concluded that the government spending graph let us know that the government spend more.
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4. How do dependent tasks differ from primary tasks?
Answers
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
In a corporation, the________ is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders’ best interests.
Answers
Every cooperation is usually guided by a set of individual the board of directors is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders’ best interests.
Who are board of directors?They are individuals that are elected by the shareholders of a company usually to govern and oversee the affairs of the cooperation.
They make decisions on behalf of the stakeholders.
Therefore, board of directors is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders.
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jake corporation paid its stockholders a dividend by issuing them additional shares of its stock. this type of event is called a
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Jake Corporation's decision to pay its stockholders a dividend by issuing additional shares of its stock is known as a stock dividend. A stock dividend is a distribution of shares to existing shareholders in proportion to their current ownership.
Stock dividends are typically expressed as a percentage, such as a 5% stock dividend, which means shareholders receive an additional 5% of their current holdings. For example, if a shareholder owns 100 shares and the company declares a 5% stock dividend, they would receive 5 additional shares (5% of 100 shares).
This type of event benefits shareholders as it increases their overall investment in the company without requiring them to invest additional capital. Furthermore, it provides the corporation with a way to retain earnings within the company for future growth and investment opportunities.
Stock dividends are different from cash dividends, which involve the distribution of cash payments to shareholders based on their ownership stake. Cash dividends require a company to distribute its profits directly to its shareholders, whereas stock dividends allow the company to retain its earnings and reinvest them for growth.
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Will the current market situation cause the price to go up, go down, or stay the same?
Answers
Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market
What are the limitations of using immunochromatography?
what are the limitations of using latex agglutination?
Answers
Immunochromatography and latex agglutination have limitations in sensitivity, specificity, and quantitative measurements. Careful consideration and exploration of alternatives are important.
1. Limitations of using immunochromatography:
a. Sensitivity: Immunochromatography tests may have limitations in terms of sensitivity, especially when compared to more advanced laboratory-based methods. This can result in false-negative results, where the test fails to detect the target analyte even if it is present at low levels.
b. Specificity: While immunochromatography tests are designed to be specific to the target analyte, there is a possibility of cross-reactivity or interference with other similar substances. This can lead to false-positive results or inaccurate interpretation of the test.
c. Quantitative measurement: Immunochromatography tests are generally qualitative or semi-quantitative, providing a visual indication of the presence or absence of a target analyte. However, they may not offer precise quantitative measurements, which can be a limitation in certain applications requiring precise quantification.
d. Limited multiplexing capability: Immunochromatography tests are often designed for the detection of a single target analyte or a limited number of analytes. Compared to laboratory-based techniques, they may have limited capacity for multiplexing, i.e., simultaneous detection of multiple analytes in a single test.
2. Limitations of using latex agglutination:
a. Sensitivity: Similar to immunochromatography, latex agglutination tests may have limitations in sensitivity. They may not be as sensitive as more advanced techniques, leading to potential false-negative results.
b. Specificity: Latex agglutination tests can be subject to cross-reactivity or interference, resulting in false-positive or false-negative results due to nonspecific interactions between the latex particles and other substances.
c. Subjectivity: Interpretation of latex agglutination tests can be subjective and dependent on the observer. The presence or absence of agglutination can be open to interpretation, which may introduce variability and potential for errors.
d. Limited quantitative information: Similar to immunochromatography, latex agglutination tests generally provide qualitative or semi-quantitative results rather than precise quantitative measurements. This can be a limitation in situations where precise quantification is required.
It's important to note that the limitations mentioned above are not inherent to immunochromatography or latex agglutination as a whole but represent common challenges associated with these techniques. Advancements and modifications in the design and methodology can help overcome some of these limitations in specific applications.
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you own the following portfolio of stocks that have achieved the following returns. stock percentage of portfolio return percentage a 25% 8% b 65% 4% c 10% -5% the weighted average return is?
Answers
The weighted average return of the portfolio, considering the given percentages and return percentages, is 5.1%.
To calculate the weighted average return of your portfolio, you need to multiply the percentage of each stock in your portfolio by its corresponding return percentage, and then sum up these values.
Let's calculate it step by step:
1. Stock A's weighted return: 25% * 8% = 0.25 * 0.08 = 0.02 or 2%
2. Stock B's weighted return: 65% * 4% = 0.65 * 0.04 = 0.026 or 2.6%
3. Stock C's weighted return: 10% * 5% = 0.10 * 0.05 = 0.005 or 0.5%
Now, sum up the weighted returns:
Weighted average return = Stock A's weighted return + Stock B's weighted return + Stock C's weighted return
= 2% + 2.6% + 0.5%
= 5.1%
Therefore, the weighted average return of your portfolio is 5.1%.
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The correct question is:
You own the following portfolio of stocks that have achieved the following returns.
Stock Percentage of portfolio Return percentage
A. 25% 8%
B. 65% 4%
C. 10% 5%
Required:
What is the weighted average return?
Consider a two-person, two-commodity, pure exchange, competitive economy. The consumers' utility functions are U1 = q11q12 + 12111 +3q12 and U2 = q21q122 + 8q21 + 9q22. Consumer I has initial endowments of 8 and 30 units of Q, and Q2 respectively; Consumer II has endowments of 10 units of each commodity. A. Determine excess demand functions for the two consumers. B. Determine an equilibrium price ratio for this economy
Answers
This yields an equilibrium price ratio \(p=\frac{3}{4}\)
In a two-person, two-commodity, pure exchange, competitive economy, consumers have utility functions \(U_{1}\) and \(U_{2}\) . To determine the excess demand functions for each consumer, first derive their respective Marshallian demand functions. For consumer 1, the demands are \(q_{11} =\frac{8 + pq_{21} }{2p} and q_{12} =30-q_{11}\) For consumer 2, the demands are \(q_{21} =\frac{8 + pq_{11} }{2p} and q_{22} =10-q_{21}\).
Next, find the excess demand functions by subtracting initial endowments from demand. For consumer 1, excess demand is \(x_{1}= q_{11} -8\)and \(x_{2}= q_{12} -30\) . For consumer 2, excess demand is \(y_{1}= q_{21} -10\) and \(y_{2}= q_{22} -10\)
Finally, to determine the equilibrium price ratio, set excess demand functions to zero and solve for the price ratio\(p=\frac{p_{1} }{p_{2} }\). In equilibrium, \(x_{1} y_{1} =0\) and \(x_{2} y_{2} =0\) This yields an equilibrium price ratio \(p=\frac{3}{4}\)
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Use the drop-down menu to complete each statement. based on the information in the passage, it is most likely that joe lives in a economy. the building that joe is interested in purchasing would be considered .
Answers
Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.
What is mixed economy?A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.
This system defends private property and allows a degree of freedom in economy in the use of capital.
But it also permits for governments to interpose in economic activities in order to accomplish social intents.
Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.
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Answer:
Mixed economy and Private Property
Explanation:
I just got it right on the assignment :)
For questions #1 - #4: Visit the PeachState Credit Union Website
https://www.peachstatefcu.org/ (Links to an external site.) Click on Accounts --> Checking
What is the name of the account for young adults?
Group of answer choices
eXtreme Checking
CU60 Checking
Basic Checking
Fresh Start Checking
Premium Checking
Answers
Answer:
I'm pretty sure that the answer is basic checking I'm not sure but you could try it if nobody else has an answer for you :)
which of these options for saving money offers the lost liquidity?
Answers
The option of saving money that offers the most liquidity is a piggy bank. (option C)
What is liquidity?
Liquidity can be described as the ease with which an asset can easily be converted to cash. Paper currency and coins is the most liquid assets. Real estate is illiquid because it takes a long time for a real estate asset (e.g a house) to be sold and proceeds converted to cash.
Liquid assets earn less returns when compared with assets that are less liquid. This is because illiquid assets earn an illiquidity premium. An illiquidity premium compensates holders for holding an illiquid asset.
Money in a piggy bank is already in cash or coins and there is no need to convert it to cash again. Also, money in a piggybank is more accessible than the other options.
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Answer: Savings bonds
Explanation:
How can insurance protect you from financial loss?
Answers
Answer:
Answer:Insurance policies offer protection against economic loss, that is, loss or damage which can be measured in purely financial terms and compensated by money. When you buy homeowners property insurance.
Explanation:
When you buy homeowners property insurance, for example, you are insuring only the economic value of the home, i.e., the cost to repair or rebuild it.
Sailmaster makes high-performance sails for competitive windsurfers. below is information about the inputs and outputs for one model, the windy 2000. units sold 1,217 sales price each $1,700 total labor hours 46,672 wage rate $12/hour total materials $60,000 total energy $4,000 calculate: i. the productivity in sales revenue/labor expense ii. the total productivity.
Answers
Answer:
(A) The productivity in sales revenue/labour expense = 3.69
(B) Total productivity = 3.31
Explanation:
Sailmaster makes high performance sale for competitive windsurfers
The units sold is 1,217
The sales price is $1,700
The total labour hours is 46,672
The wave rate is $12
The total materials cost is $60,000
Total energy is $4,000
(A) The productivity in sales revenue/labour expense can be calculated as follows
= units sold×sale price/total labour×wage rate
= 1,217×1,700/46,672×12
= 2,068,900/560,064
= 3.69
(B) The total productivity can be calculated as follows
=1,217×1700/(46,672×12)+(60,000+4,000)
= 2,068,900/560,064+64,000
= 2,068,900/624,064
= 3.31
Hence the productivity in sales revenue/labour expense is 3.69 and the total productivity is 3.31
What factors would the Marketing department need to consider when creating an advert❓❓❓
Answers
Answer:
1.weather
2.type of product
3.festival or period
4.means of advertising or communication
5.amout of consumers
6.markat value
Explanation:
hope it helps
We are interest rate compounded annually beginning balance 1000 annual interest rate 8% what will your ending balance be after one year
Answers
Answer:
1080
Explanation:
Compound interest involves the reinvesting of interest.
The formula for compound interest is given by:
\(A=P(1+\frac{r}{n} )^{nt}\)
Where P is the principal (i.e the beginning balance),
r is the rate,
n is the number of times it is compounded,
t is the number of years
A is the ending balance.
Given that P = 1000, r = 8% = 0.08, t =1 years and it is compounded annually (i.e n = 1).
Substituting values into the formula and calculating gives:
\(A=P(1+\frac{r}{n} )^{nt}\\A=1000(1+\frac{0.08}{1} )^{1*1}\\A= 1000(1+0.08)=1000(1.08)\\A=1080\)
The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answers
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
PLEASE HELP ASAP!!! Which statement describes a strategy for improving ones organization and time management at work ?
Answers
My explanation would be that the other reasons listed are for personal use such as friends birthdays, music, and a new clock, but the third answer is listing things appropriate for a business.
Hope I helped !
Answer:
C
Explanation:
e. Describe the methods you would use to pay and motivate sales people to sell this product. Would you use sales quotas or a particular type of commission structure? Why or why not? (1-5 sentences. 2.0 points)
Answers
Answer:
I would use progressive commission sales, for example:
number of units sold sales commission
0 - 200 2%
201 - 400 2.5%
401 - 600 3%
601 - 800 3.5%
801 - 1,000 4%
This way, salespeople will be motivated to sell more units, since they know that their income will increase dramatically as there sales volume increases.
Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
Answers
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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many companies view the marketing environment as a(n) __________ element to which they must react and adapt.
Answers
Many companies view the marketing environment as an Uncontrollable element to which they must react and adapt.
Market is a place where the consumers and sellers meet in order to purchase and sell goods respectively. Market runs on many factors which include the availability of the goods, the demand for the goods and easy flow of cash. According to some companies and experts marketing environment is uncontrollable as it comes with risks too. Also, the demand for a particular good cannot be controlled by the market as it solely depends on the consumers. For example, if there is a demand of milk chocolate in the market but market has surplus of dark chocolate then the demand for milk chocolate is uncontrollable. The risk factors include economic factors as well as the political factors.
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what is the rate of return?
Answers
A Rate for Return is a net gain or loss of an investment over a specified time period, expressed as a percentage of the investments initial cost, when calculating the rate and return you are determining the percentage chage from beginning of the period until the end.
Answer:
that Is good
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Callahan, inc. , sells a forward on ounces of gold to remove uncertainty regarding the revenue it will recognize when it sells its gold inventory. The forward represents a perfect cash flow hedge. When callahan settles the forward, it pays $100,000 to the counterparty. Required: what journal entry(ies) should callahan make prior to and at the settlement date?
Answers
Prior to the settlement date, Callahan Inc. should record the fair value of the forward contract as a journal entry, and at the settlement date, they should record the settlement by debiting the Gold Receivable and crediting Cash.
At the settlement date, Callahan Inc. should make the following journal entry to record the settlement of the forward contract:
Dr. Gold Receivable (or Forward Contract Asset) $100,000
Cr. Cash $100,000
The net effect of these journal entries is to record the fair value of the forward contract prior to settlement and then to recognize the cash settlement when it occurs.
By doing so, Callahan Inc. is able to remove uncertainty regarding the revenue it will recognize when it sells its gold inventory, as the gain or loss on the forward contract will offset any changes in the fair value of the gold inventory.
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Someone please help will mark as brainliest
Answers
Answer:
divide by the table and lilly pads
Explanation:
well how long is the table you divide the table from the number of lilly pads and there you go
Management is permitted to voice objections to the formation of a union under the.
Answers
Employers may oppose the creation of a union under the labor-management relations legislation.
Why is the right to free association so crucial?In addition to being a legal requirement, freedom of association enables employees and employers to band together to better preserve their civil liberties, including the rights to life, security, integrity, and individual and collective freedom. This principle, which is a cornerstone of democracy, is essential to the realization of all other fundamental rights and ideals at work.
According to the Labor Management Relations Act, management is free to oppose the creation of a union. Employers may object to the creation of a union under the Labor Management Relations Act.
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define organic farming?
any 4 advantage of terrace farming?
Answers
Explanation:
Terrace farming ensures food security and increases crop yield by water and soil conservation. Thus it reduces soil erosion. In terrace farming, the interaction between water and fertilizer increase
Organic farming is agriculture that makes healthy food, healthy soils, healthy plants, and healthy environments a priority, along with crop productivity
AnswerAdvantages of terrace farming...
Helps to reduce soil erosion for farming .
It's helpful for tea plantation much because its used specifialy in hilly area
Explanation:
Explain the role audit committee plays in the company
Answers
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
Hope this helps.☝
What do you mean by interest group?
Answers
An lobby group or activist organization is a group that use a range of strategy aimed to influence public perception and/or legislation. The phrase "informed society" is another way to describe a lobby group.
An example of an affinity group:
American Association of People with Disabilities. American Association for Retired Persons. American Consulting Engineers Council. The American Enterprise Institute conducts research on public policy. Foundation for American AIDS Research
What are the major objectives of organisations with interests?
Interests groups are formed to further the causes that are significant to its members. Their main objective is to influence government policy. Interest groups sometimes are referred to as "pressure" or "lobby" groups because one of their primary responsibilities is applying pressure to policy decision.
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Micro Spinoffs Inc. has one issue of debt outstanding. It is a 22-year debt issued 9 years ago at par value with a coupon rate of 2.8%, paid annually. Today, the debt is still selling at par value. If the firm’s tax bracket is 21%, what is its after-tax cost of debt? Assume a face value of $1,000?
Answers
The after-tax cost of debt for Micro Spinoffs Inc. is 2.212% based on a 2.8% coupon rate and a tax bracket of 21%.
The after-tax cost of debt is the effective cost of debt financing to the company, taking into account the tax deductibility of interest payments. To calculate the after-tax cost of debt for Micro Spinoffs Inc.:
1. Determine the annual interest payment: The coupon rate of 2.8% and face value of $1,000 indicate that the company pays $28 ($1,000 * 2.8%) in interest annually.
2. Calculate the tax shield: The tax shield is the amount of interest expense that is tax-deductible. In this case, the tax shield is $28 multiplied by the tax rate of 21%, resulting in a tax shield of $5.88 ($28 * 0.21).
3. Subtract the tax shield from the annual interest payment: The after-tax interest payment is the annual interest payment minus the tax shield. In this case, it is $28 - $5.88 = $22.12.
4. Divide the after-tax interest payment by the face value of the debt: The after-tax cost of debt is the after-tax interest payment divided by the face value of the debt. In this case, it is $22.12 / $1,000 = 0.02212, or 2.212%.
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although standard and poor's composite index contains a limited number of u.s. publicly traded stocks, the index represents:
Answers
Approximately 75% of U.S. stocks traded, in market value.
What is Market value?Market value is the estimate that the financial industry makes of a certain equity or firm, or the price at which an asset would trade on the open market. A publicly listed company's market capitalization, which is determined by dividing the number of outstanding shares share price, is also sometimes referred to as market value.
Since the market prices of exchange-traded instruments, like stocks and futures, are widely known and easily accessible, it is easiest to ascertain market value for these types of instruments. However, it can be more difficult to ascertain market value for over-the-counter instruments, like fixed income securities.
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On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. What amount will spk record for interest expense in their december 31, 2022 adjusting entries?.
Answers
$3500 sum will spk record for interest expense in their december 31, 2022
Interest = $ 6000 for 12 months.
From June to December there will be 7 months due,
therefore 7/12x6000 = $ 3500
An interest expense is the fetched brought about by an substance for borrowed reserves. Intrigued cost may be a non-operating cost appeared on the salary explanation. It speaks to intrigued payable on any borrowings—bonds, credits, convertible obligation or lines of credit. It is basically calculated as the intrigued rate times the exceptional foremost sum of the obligation. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest paid over that period. While interest expense is tax-deductible for companies, in an individual's case, it depends on their jurisdiction and also on the loan's purpose.
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