1. (a) Last year's contribution margin (CM) ratio is 40% and the break-even point is 8,600 balls. (b) The degree of operating leverage at last year's sales level is 3.26. 2. If next year's variable expenses increase by $3 per ball, the CM ratio will be 32% and the break-even point will be 10,000 balls. 3. To earn the same net operating income as last year ($94,400), with the expected increase in variable expenses, the company will need to sell 10,600 balls next year. 4. To maintain the same CM ratio as last year and cover the increased labor costs, the company would need to charge a selling price of $26.67 per ball next year. 5. With the new automated manufacturing plant, the company's new CM ratio would be 60% and the new break-even point would be 6,500 balls. 6. (a) If the new plant is built, the company would need to sell 10,600 balls next year to earn the same net operating income as last year. (b) Assuming the sale of 3,000 balls, the contribution format income statement can be prepared to calculate the degree of operating leverage.
1. (a) The CM ratio is calculated by dividing the contribution margin by sales, resulting in 40%. The break-even point in balls is computed by dividing the fixed expenses by the contribution margin per ball, which is 8,600 balls.
(b) The degree of operating leverage is determined by dividing the contribution margin by the net operating income, yielding 3.26. It measures the percentage change in net operating income for a given percentage change in sales.
2. If the variable expenses increase by $3 per ball, the new CM ratio can be calculated as the difference between the selling price and the increased variable expenses divided by the selling price, resulting in 32%. The new break-even point in balls is obtained by dividing the fixed expenses by the new contribution margin per ball, which is 10,000 balls.
3. To achieve the same net operating income of $94,400 with the expected increase in variable expenses, the company needs to determine the number of balls required to cover the fixed and variable expenses. This amounts to 10,600 balls, which can be calculated by dividing the fixed expenses plus the target net operating income by the contribution margin per ball.
4. To maintain the same CM ratio as last year, the selling price per ball needs to be adjusted to cover the increased labor costs. By setting up the equation with the new CM ratio and the desired selling price, the company would need to charge $26.67 per ball.
5. With the new automated manufacturing plant, the variable expenses per ball would decrease by 40%, resulting in a new CM ratio of 60%. The new break-even point in balls can be calculated by dividing the doubled fixed expenses by the new contribution margin per ball, which is 6,500 balls.
6. (a) If the new plant is built and the company aims to earn the same net operating income as last year, 10,600 balls would need to be sold. (b) Assuming the sale of 3,000 balls, a contribution format income statement can be prepared to determine the degree of operating leverage, which measures the sensitivity of net operating income to changes in sales volume.
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what is medium level profession
in your own words describe the three functions of money
Money can serve three primary functions, which are: medium of exchange, unit of account, and store of value.
Below is an explanation of these functions:
1. Medium of Exchange: Money serves as a medium of exchange in trade. People can exchange goods and services for money, which they can then use to buy other goods and services. This is a significant function of money, as it removes the need for bartering. Money allows us to avoid the problem of double coincidence of wants, which is when two parties need to possess something that the other wants in order to trade.
2. Unit of Account: Money serves as a unit of account, which means that we can measure the value of different products or services in monetary terms. We use money to determine how much a product is worth, and we use it as a standard to determine prices. This function is critical in economic transactions.
3. Store of Value: Finally, money serves as a store of value. It means that money can be stored and used later. Money acts as a medium through which we can store purchasing power, and it can be used in the future to purchase goods and services. This function of money is crucial as it helps people save money for the future.
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don is an attorney who supplied a list of potential clients to a new attorney, lori. this list aided in the success of lori's practice. lori was very pleased and decided to do something for don. in the current year, lori gives don a new car worth $40,000. lori was not obligated to give this gift to don, and she did not expect don to perform future services for the gift. how much income, if any, should don report from this transaction and why?
Don must disclose his $40K in income. Even though there was no obligation to make the payment, the courts are likely to see the car as a payment for goods or services because the present was given in a professional setting.
What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The phrase "income" often refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in return for goods or services. There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used. Income is the money a person or organisation receives in return for labour, the creation of a good or service, or the use of capital.To learn more about income, refer to:
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In addition to saving money, what are some other ways you can show financial responsibility?
Answer:
you could start a savings a acount or a 401k plan to help with future problems or you could save for a new car.
Explanation:
You need $76,000 in 11 years. If you can earn .43 percent per month, how much will you have to deposit today?
Answer:
$ 43,135.67
Explanation:
The amount required today is the present value of the future expected amount in 11 years computed using the present value formula below:
PV=FV/(1+r)^n*m
PV=the unknown present value
FV=$76,000
r=monthly interest rate=0.43%
n=number of years=11
m=number of months in 1 year=12
PV=$76,000/(1+0.43%)^(11*12)
PV=$76,000/(1+0.43%)^132
PV=$76,000/1.761883042
PV=$ 43,135.67
Can people boost their points on their questions?
Answer:
Yes.
Explanation:
What talents are helpful for the Arts, AV Technology and Communication Cluster? PLEASE HELP!!
WILL GIVE BRAINLIEST ! ! ! ! !
What does "total opens" measure?
Answer:
The count of recipients who actually open your marketing campaign's email message
Explanation:
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In which market would a producer sell bicycles to consumers?
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
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suppose that a credit card holder with card-related rental car insurance is driving the rental just outside of denver, colorado when a severe hail storm occurs, causing serious damage to the car. which portion of the card-related rental car insurance might cover damage to the car resulting from hail?a
Comprehensive portion of the card-related rental car insurance might cover damage to the car resulting from hail .
Comprehensive insurance provides coverage for both repair and replacement costs. Third-party liabilities, damage from an accident, fire, natural disaster, theft, etc. are often covered by comprehensive automobile insurance. Any damage to an automobile, excluding damage from a collision, is covered by comprehensive auto insurance. This covers environmental dangers like deer collisions and falls. Comprehensive coverage, like other types of vehicle insurance, covers a portion of the loss if your automobile is damaged. The "deductible" is a portion of the price that the car owner will also be responsible for paying. Repairs or the purchase of a new car may be covered by the insurance payout. An substantial automobile insurance policy known as "compact vehicle insurance" protects the insured against both their own damages and any third-party liabilities.
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Warranty service, processing of complaints, and costs of litigation are examples of Multiple Choice appraisal costs. internal failure costs. external failure costs. replacement costs. prevention costs.
Examples of internal failure costs include warranty service and complaint handling. As a result, choice b is accurate.
What do you mean by internal failure cost?
Internal failure costs are expenses related to flaws discovered prior to the client receiving the good or service. External failure costs are expenses related to flaws discovered after the client has purchased the good or service.
Internal failure costs are quality expenses related to product flaws found before a product leaves the facility.
Hence, warranty services all are examples of the internal failure cost.
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A Blank______ does not require consumers to do anything other than buy a ticket or fill out a form for a chance to win some type of prize.
Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.
What is Sweepstakes?Sweepstakes is a form of gambling in which everyone involved in the contest pay a certain amount of money and the winner is awarded with a price or the money contributed.
Therefore, Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.
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Can saas provide any combinations of functions depending on customer's exact needs?
Depending on a client's precise requirements, the might offer any mix of tasks, including, for instance, monitoring, storage, applications, and virtual desktops. services created online or on a company's own servers in its own data center for that company's personal usage.
What is SaaS?SaaS, usually referred to as cloud-based software, is now widely used. One of the top three emerging technology investment areas, according to nearly half (48%) of respondents to Gartner's 2021 Emerging Technology Product Leader Survey who are investing in data and analytics, is cloud-based software.
And with good cause. Web-based business apps are paid for on an hourly basis rather than all at once and don't require difficult installations or binding contracts. The systems are typically more adaptable and cost-effective due to this.
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Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $7,400,000 of 5-year, 11% bonds at a market (effective) interest rate of 12%, receiving cash of $7,127,643. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
Required:
Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1
On July 1, 20Y1, a debit of $7,127,643 was made to cash, a credit of $7,400,000 was made to Bonds Payable, and a credit of $272,357 was made to Discount on Bonds Payable to record the cash proceeds from the issuance of the bonds.
On July 1, 20Y1, to record the cash proceeds from the issuance of the bonds, the following entry would be made:
Debit: Cash $7,127,643Credit: Bonds Payable $7,400,000Credit: Discount on Bonds Payable $272,357The debit entry to cash represents the amount of cash received from the sale of the bonds. The credit entry to Bonds Payable represents the increase in the company's liability for the bond debt. The credit entry to Discount on Bonds Payable represents the difference between the face value of the bonds and the cash proceeds received, which is the bond discount.
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Drag the tiles to the correct boxes to complete the pairs. Match the different financial ratios with their one example of these ratios.
Answer: liquidity ratio-current ratio
Asset management ratio-total asset turnover ratio
Debt management ratio-leverage ratio
Profitability ratio-return on equity
Market value ratio-PE ratio
Explanation:
Answer:
Answer: liquidity ratio-current ratio
Asset management ratio-total asset turnover ratio
Debt management ratio-leverage ratio
Profitability ratio-return on equity
Market value ratio-PE ratio
Explanation:
Plato
Which section of a business plan gives details about a business’s core products and services?
The section of a business plan talks about a business’s core products and services, and their features and benefits to the consumers.
Answer:
Executive summary.
Explanation:
A business plan can be defined as a formally written document that comprises of the financial and operational objectives (plans) of a business firm.
Basically, a business plan is a roadmap or guide that outline the goals of a business, methods on how to achieve those goals, and the timeframe required to achieve those goals.
A business plan should be written in such a way that it comprises of all the important informations that an investor looks out for, in order to convince him or her to invest money in the business. Thus, the main section (contents) of a business plan include the following;
I. Title page.
II. Market analysis and competition.
III. Industry overview.
IV. Operating plan.
V. Sales and marketing plan.
VI. Financial plan.
VII. Management plan.
VIII. Appendices and exhibits.
IX. Executive summary.
The executive summary section of a business plan talks about a business’s core products and services, and their features and benefits to the consumers. Thus, the executive summary is the most important section of a business plan because it provides a concise summary of the business and it's the first section to be seen by an investor.
Suppose that Defenestration decides to pay a dividend of only $2 per share this year and use the remaining $2 per share to repurchase stock. If Defenestration maintains this dividend and total payout rate, then the rate at which Defenestration's dividends and earnings per share are expected to grow is closest to what?
Answer:
Missing word "Defenestration Industries plans to pay a $4.00 dividend this year and you expect that the firm's earnings are on track to grow at 5% per year for the foreseeable future. Defenestration's equity cost of capital is 13%."
P0 = dividend payout per share/ (k-g)
Where g is firms earning growth = 5% or 0.05
And k is the cost of capital = 13% or 0.13
Therefore P0 = $4 / (0.13 -0.05) = $50
But if the payout is $2 per share and $2 per share is used to repurchase stock then to get the price of the stock in one year given the current price of $50.00, dividend at $2 and the 13% cost of capital we get
$50 = $2 + X / (1.13)
Therefore x = $54.5
At a current price of $50, we can expect that Defenestration Industries stock to sell for $54.50 immediately after the firm pays the dividend in one year
Therefore the growth is (54.5 -50)/50 = 9%
How to transfer money from apple pay to bank instantly?
To transfer money from Apple Pay to a bank account instantly, you need to follow some simple steps.
First, open the Apple Pay app on your iPhone or iPad and locate the wallet app. Then, select the card you want to transfer funds from and tap on the "i" icon. Next, choose the "Transfer to Bank" option and enter the amount you wish to transfer. At this point, you'll need to input your bank account details, including the account number and routing number. Once you've entered the required information, select "Next" to verify the details.
If everything is correct, tap "Transfer" to complete the transaction. It's worth noting that some banks may take longer to process the transfer, but most transactions will be completed within a few hours. If you're unsure about the status of your transfer, check with your bank to confirm when the funds will be available in your account.
Overall, transferring money from Apple Pay to your bank account is a straightforward process that can be completed quickly and easily. Just be sure to double-check all of your information before submitting the transfer to ensure that everything goes smoothly.
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Describe the role of the entrepreneur in the decision making process.
Outline the following roles of an entrepreneur in economic development:
a) collaborating;
b) providing goods and services to satisfy citizens;
c) creating jobs ; and,
d) contributing to nation building
The following roles of an entrepreneur in economic development is generally and actually providing goods and services to satisfy citizens Option(b) is correct.
What is Economic Development?In the economics investigation of the public area, economic and social development is the cycle by which the economic prosperity and personal satisfaction of a country, district, neighborhood local area.
The term has been utilized often in the twentieth and 21st hundreds of years, yet the idea has existed in the West for far longer. "Modernization", "Westernization", and particularly "industrialization" are different terms frequently utilized while talking about economic development.
Therefore Option(b) is correct By and large, economic development arrangements zeroed in on industrialization and foundation; since the 1960s, it has progressively centered around neediness decrease.
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PLEASE
I recently got a new phone and now it won't give me notifications for reminders. I've tried everything and I'm screwed. What are some ideas for rembering stuff throughout the day? For instance, I need to talk to my bio teacher tomorrow about an assignment but I'll forget since I don't have reminders. What are some methods that work other than shoving a post-it down my pocket?
Answer:
you can make an agend or put noted on your fridge
Explanation:
PLEASE I NEED 2 PARAGRAPHS BY MONDAY!
The four Ps of Marketing is a product, price, place, and promotion. Thus, a lemonade ad should contain all four marketing strategies.
The ad for the lemonade stand will start with a bright yellow catchy brochure, intending the product, i.e, lemonade. The brochure will mention different types of lemonades one will be offering in their stand. The brochure will detail every content in great catchy fonts. Then the product brochure will have the list of prices added next to its menu of products.
Along with the brochure, there will be SNS platforms promoting the product and there will be a launch for the disclosure of the place of the lemonade stand. The promotion of the product will be included in the local daily newspaper along with the distribution of brochures and on SNS sites.
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Unscramble the vocabulary word from Chapter 12: pexnesse
Answer:
expenses
Explanation:
A scrambled word is a word that has been rearranged or jumbled, so its letters are not in the correct order. The purpose of unscrambling a word is to rearrange the letters back into their correct order to form a meaningful word. The scrambled word "pexnesse" can be unscrambled to form the word "expenses."
Expenses refer to the costs or expenditures incurred in the process of conducting business, managing personal finances, or carrying out various activities.
Expenses can include a wide range of items, such as bills, purchases, salaries, rent, utilities, taxes, and any other monetary outflows required to sustain operations or maintain a certain lifestyle.
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How is simple interest different from compound interest?
While compound interest is based on the principal and interest that accumulates over time, simple interest is based solely on the principal of a deposit or loan.
What distinguishes compound interest from simple interest?Simple interest is often a predetermined percentage of the principle amount borrowed or lent paid or received over a specific time period. Borrowers are required to pay interest on interest in addition to principal since compound interest accrues and is added to the accrued interest from prior periods.
What is the complete simple interest formula?The formula for calculating simple interest is SI = P R T, where P stands for principal, R for rate of interest, and T for time period. Here, the rate (r%) is expressed as r/100, where r% is the percentage rate. In the case of simple interest, the principal is the amount of money that does not change over the course of a year.
How is compound interest determined?In order to compute compound interest, multiply the principle of the original loan by the annual interest rate multiplied by the number of compound periods minus one. You will then be left with the principal amount of the loan plus compound interest.
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Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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The process of applying sales goals to production in order to maximize efficiency is __________. a.) strategic planning b.) efficiency planning c.) capacity planning d.) financial planning
The process of applying sales goals to production in order to maximize efficiency is capacity planning.
The approach of defining resource capabilities to fulfil projected demand without disruption is known as capacity planning. Based on current and historical trends, it enables businesses to predict their future resource requirements with accuracy. In order to meet demand, capacity planning also considers how an organization plans for workload, including staffing numbers and scheduling procedures.
This procedure, which is an essential component of company strategic planning, guarantees that the organization always has enough personnel, tools, supplies, and facilities. Because it identifies the resources that must be accessible for an organization's operations and projects, capacity planning is an essential step in the strategic planning process.
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I allow you to write letters of the alphabets what I am
Answer:
1COMPUTER (Practice worksheet) Name: Class:2 Date ...../ / I am your friend Pingo. Will you do this worksheet with me? This is my keyboard. Function Keys Numeric My computer's keyboard can talk. Special Keys Normal Keys Direction Keys Keys Numeric Keypad It wants to ask a few questions. Will you answer them for me? 1. Which key am I? a) I allow you to write letters of the alphabets. b) I allow you to move the cursor to the top of the page. c) I allow you to delete the letter to the left of the cursor d) I allow you to delete the letter to the right of the cursor. e) If you press me you can type capital letters. f) You use me to type numbers. g) I allow you to create blank spaces between two words or two numbers. h) I allow you to move the cursor up, down, left or right.
You need to choose by yourselves and then research on different two companies from same industry or business (one large business and one small) to explain the impact of globalisation. You need to compare how they are different. NEED COMPANY NAMES Specially, Mostly they should be based in UK.
You will be required to identify how two different organisations be compared based on their:
Status: size, location(s), employees, local or global, organisational structure(functional/divisional/matrix)
Marketing: 4 P’s, branding, advertising
Economy: Supply and Demand, Market share, profit/ financial statistics
British Airways and Skyscanner are UK companies comparing their impact on globalization based on factors like size, location, employees, marketing strategies, and economic factors.
British Airways, as a large business, operates globally with a significant presence in the aviation industry. It has a large number of employees, operates in multiple countries, and follows a functional organizational structure.
The company focuses on the 4 P's of marketing (product, price, place, promotion), emphasizing its brand reputation and offering various advertising campaigns to attract customers.
In terms of the economy, British Airways faces high competition, fluctuating market demand, and financial statistics that reflect its position as a major player in the airline industry.
On the other hand, Skyscanner, as a small business, operates primarily through its digital platform as an online travel agency.
It has a smaller workforce and a more localized presence compared to British Airways. Skyscanner utilizes innovative marketing strategies, including online branding and targeted advertising, to reach its customer base.
In terms of the economy, Skyscanner relies on supply and demand dynamics in the online travel industry, aims to increase its market share, and maintains financial statistics that reflect its growth and profitability as a digital travel platform.
In conclusion, the impact of globalization on British Airways and Skyscanner can be compared based on their status, marketing strategies, and economic factors.
While British Airways operates as a large global airline, Skyscanner functions as a smaller online travel agency, and their approaches to size, location, employees, marketing, and economic dynamics differ accordingly.
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This activity is important because it covers important terms for effective money management. The goal of this exercise is to identify the best ways to manage your personal finances. Complete each statement with the correct term. Note not all terms will be used.
Remainder Part of the Question:
Build Your Financial Base Terms:
The ______ is one of the best places to put your money.
A _______ is one of the worst places to keep long-term investments.
You can use a _______ to keep track of purchases.
Your _______ is likely to be the largest of the most important investments you make.
It is wise to plan your financial future with _______.
Available Options are:
Credit Card, Bank Account, Home, Uncertainity, Excitement, car, insurance, stock market, payday loan.
Answers:
A. Stock market
B. Bank Account
C. Credit Card
D. Home
E. Insurance
Explanation:
A. The Stock Market is one of the best places to put your money.
Stock markets are the source of raising funds for investments by the companies. The stock market helps the investor to choose the investment with appropriate returns and risks. Furthermore the investor can also diversify its return by managing the portfolio of investments.
B. A Bank Account is one of the worst places to keep long term investment
The lowest returns are on saving accounts hence it is the worst place for long term investments.
C. You can use Credit Card to keep a track of your purchases.
Credit cards can be used for tracking all of purchases because monthly statement mailed to you includes all the spendings during the year.
D. Your Home is likely to be the largest of the most important investments you make
Buying home is considered as one of the largest investments as it takes substantial savings of the person to buy an house. A roughly estimate would be the savings of 3-4 years for a small house for a couple.
E. It is wise to plan your financial future with Insurance.
Because Insurance helps you to lower your financial risks. The risk is associated with life, home, car, and physical assets and thus the investor must use insurance facility.
how much overhead is applied to 9 volt batteries and aaa batteries, respectively? (round to two decimal places.)
Evidently, six AAA batteries taped together into a 9-volt battery.
Can AAA batteries be overcharged?Overcharging occurs when a cell or other object is put into a charging after it has fully charged. It's possible that this will reduce the battery's lifespan. Battery University recommends storing directly and indirectly affect and nickel-based batteries at a three to four percent state-of-charge.
how create 9V, how so many AA batteries?The nominal voltage of one alkaline or carbon-zinc non-rechargeable AA battery is 1.5 Volts. Thus, when six of these cells are connected in series, they produce the 9 Volt output voltage needed by some electronics.
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Identifying competitive advantages can be difficult and explains why they are typically __________.
Identifying competitive advantages can be difficult and explains why they are typically temporary.
What is competitive advantage?Competitive advantages are economic factors that enables a company be ahead of its competitors when it is able to produce goods which are similar to its competition at a cheaper rate. It is the ability of a company to produce goods more efficiently than its competitors, which leads to greater profit margins.
Examples of competitive advantage are:
Access to natural resources that are restricted from competitors.Highly skilled labor.Unique geographic location.Hence, Identifying competitive advantages can be difficult and explains why they are typically temporary.
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