Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.45 Direct labor $ 3.30 Variable manufacturing overhead $ 1.25 Fixed manufacturing overhead $ 16,500 Sales commissions $ 0.45 Variable administrative expense $ 0.50 Fixed selling and administrative expense $ 4,200 If 5,000 units are sold, the total variable cost is closest to:
Answers
Answer:
$59,750
Explanation:
Total variable per unit = Direct material pet unit + direct labor per unit + variable manufacturing overhead + sales commission + variable administrative expenses
= $6.45 + $3.3 + $1.25 + $0.45 + $0.5
= $11.45
Total variable cost for 5,000 units
= $11.95 × 5,000
= $59,750
Related Questions
What is the interest expense on December 31?
Answers
The interest expense on December 31 of the first year is $5,250.
What is the interest expense on bonds?The interest expense for a bond that has the same coupon rate as the market rate is always the same for all periods of the bond.
This shows that the bond was issued at neither premium nor discount but at par.
Data and Calculations:N (# of periods) = 20
I/Y (Interest per year) = 7.5%
PMT (Periodic Payment) = $5,250 ($140,000 x 7.5% x 1/2)
FV (Future Value) = $140,000
Results:
PV = $140,000.00
Sum of all periodic payments = $105,000 ($5,250 x 20)
Total Interest = $105,000
SchedulePeriod PV PMT Interest FV
1 $140,000 $5,250 $5,250 $140,000
2 $140,000 $5,250 $5,250 $140,000
Thus, the interest expense on December 31 of the first year is $5,250.
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Alissa quickly expresses her frustration. She says, "Just recently I found out the executives got incredibly large bonuses and I thought there was no more money. This is very frustrating…and I don't understand why you wouldn't tell me the truth." At this moment, Alissa is most likely to experience what type of noise as she decodes messages?
Answers
Answer: d. psychological noise
Explanation:
Psychological noise refers to the distortion of information due to the distraction on the part of either the speaker or the listener borne from them having biases or preconceived notions.
Alissa is already upset with the person she is talking to as she believes that they hid information from her so regardless of what the person says, she will probably interpret it with the notion that the person is lying or rather hiding the truth.
a. Construct an amortization schedule for the $300,000 loan with a 2.2% interest rate compounded monthly. The loan will be paid back in 15 years making monthly payments. You need to calculate the principal payment and interest payment respectively of each month.
b. Construct an amortization schedule for the $300,000 loan with a 2.7% interest rate compounded monthly. The loan will be paid back in 30 years making monthly payments.You need to calculate the principal payment and interest payment respectively of each month.
Answers
Answer:
since there is not enough room here, I prepared two amortization schedules on an excel spreadsheet and I attached them
Explanation:
in order to determine the monthly payment, we can use the formula to calculate present value of an annuity:
PV = annuity payment x annuity factor
annuity payment = PV / annuity factor
PV = $300,000annuity factor for 2.2% / 12 = 0.18333% and 180 periods = 153.1964438I used an annuity calculator to determine the annuity factor
annuity payment = $300,000 / 153.1964438 = $1,958.27
we use the same formulas for the second question:
PV = annuity payment x annuity factor
annuity payment = PV / annuity factor
PV = $300,000annuity factor for 2.7% / 12 = 0.225% and 360 periods = 246.54977I used an annuity calculator to determine the annuity factor
annuity payment = $300,000 / 246.54977 = $1,216.79
Answer:
since there is not enough room here, I prepared two amortization schedules on an excel spreadsheet and I attached them
Explanation:
As a call center agent you have a script that you must read to customers from a computer. A customer calls with an issue but your computer screen is freezing and moving very slowly making it difficult for you to address the issue as scripted.
Answers
Customer care teams utilize written instructions called customer service scripts to confirm and address issues or concerns from customers. A customer service script can be used for talks over the phone, and on social media.
What are the difficulties to address the issue as scripted?No matter who is at blame, the first thing you want to do when there is a problem is apologised and show empathy. While you want to assist in their problem-solving, you also want to make sure that their worries are acknowledged and taken seriously.
The basic problems of pricing inaccuracies, order mix-ups, and other product-related concerns are covered in the scripts that follow. when a wrong mailing address is typed. It appears that your order was sent to the incorrect address. I apologize for it. Another is being sent to your address, and it ought to show up there within the next week.
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a US company owns 80% of interest in a company located on Mars. Martian currency is called The Martian credit during the year the parent company sold inventory that had a cost of 24500 to the subsidiary on account for 28,500 when the exchange was 0.519 to the subsidiary still held one half of the inventory and had not paid the parent company for purchase at the end of the physical year. The unsettled account is denominated in dollars the exchange rate at the fiscal year and was 0.4994 compute the amounts that would be reported for inventory and accounts payable in the subsidiary translated balance sheet the entities functional currency is the Martian credit
Answers
The amounts reported for inventory and accounts payable on the subsidiary translated balance sheet are 18,619 Martian credits and 14,217 Martian credits, respectively.
A US-based company that has an 80% stake in a Martian company has to report the assets, liabilities, and equity of its subsidiary on its consolidated financial statements in US dollars. The Martian currency is known as the Martian credit. During the year, the parent company sold inventory with a cost of 24500 to the subsidiary on account for 28,500 when the exchange rate was 0.519 to the subsidiary.
One-half of the inventory still belongs to the subsidiary, and at the end of the physical year, the subsidiary had not paid for the purchase.The account that remained unpaid is denominated in dollars, and the exchange rate was 0.4994 at the end of the fiscal year.
The functional currency of the company is Martian credit, and the dollar amount of the balance sheet needs to be translated into the Martian currency. In order to calculate the inventory and accounts payable, we will use the current rate method. The first step in the calculation is to find the closing rate of the Martian credit to the US dollar.Exchange rate at the fiscal year-end: $1 = 0.4994
Martian creditThe amount reported for inventory on the subsidiary translated balance sheet can be calculated as follows:
Beginning inventory: 12,250 (since the subsidiary still holds one half of the inventory)
Cost of inventory sold to the subsidiary: 24,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported inventory = (12,250 + 24,500) × 0.4994 = 18,619
Martian credits The amount reported for accounts payable on the subsidiary translated balance sheet can be calculated as follows:
Beginning accounts payable: 0Amount owed to parent company: 28,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported accounts payable = (0 + 28,500) × 0.4994 = 14,217 Martian credits
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Matt Christopher is a 30-year-old mechanical engineer, and his salary next year will be $80,000. Matt expects that his salary will increase at a steady rate of 6% per year until his retirement at age 60. If he saves 10% of his salary each year and invest these savings at an interest rate of 8%, how much will he have at his retirement
Answers
Answer:
f
Explanation:
what are the two formats for preparing the buisness income statement?
Answers
The financial success of a corporation is summarized in an income statement.
It displays all of the company's earnings and outlays for a given time frame.
An income statement can be presented in one of two ways. Either a (1) single-step income statement or (2) a multi-step income statement may be presented.
Simple to understand is a single step income statement. Following all expenses and losses, all revenues and gains are given. To determine the net income, the difference is computed and taxed.
A multi-step income statement involves a number of steps before we can calculate the net income. We must perform sequential computations for:
Sales - Cost of Sales equals gross profit.
Selling expenses plus administrative costs equal total operating expenses.
Gross profit minus all operating expenses is operating income.
Operating income less other revenues and expenses equals income before taxes.
Income after Tax - Income Tax = Net Income
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Martin owns his own motorcycle and ATV store and operates as a small business. He notices that many of his customers talk about golf while in his store. He quickly adds golf carts and golf clubs to his merchandise selection. Rapidly adjusting to the needs of his customers is possible because small businesses
Answers
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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International franchising is
Answers
International franchising is a business model that expands the franchising concept into the international marketplace. For example, you can use the rental car concept as a prime example. You can expand the concept of renting a car from a domestic market to an international market.
Q. In the investment industry, cash management is most likely the responsibility of the:
A. treasurer.
B. general counsel.
C. chief risk officer.
Answers
Answer:
A. treasurer
Explanation:
Cash management, also known as treasury management, entails collecting and managing cash flow. In an investment set-up, the treasurer is responsible for cash management. The treasurer has to maintain updated records of all the inflows and outflows arising from an investment.
Cash management is a critical section of an investment. The success of investment has a direct link to how it manages its cash. The treasurer should be familiar with cash management strategies, cash flow cycles, and other responsibilities associated with cash management.
George wants to buy a Government Bond that will mature in 4 years. which type of bond will best meet his needs ?
A. T-bills
B. treasury notes
C. treasury bonds
D. treasury information protection securities
Answers
Answer: b
Explanation:
George wants to buy a Government Bond that will mature in 4 years. The bond which will best meet his needs would be treasury notes. Thus option (B) is correct.
What are treasury notes?A treasury note is a U.S. government debt security. A treasury note has a fixed interest rate and maturity between two and 10 years.
A person can buy a treasury notes trough a competitive bids, in which an investor specifies the yield, or non-competitive bids, in which the investor accepts whatever yield is determined.
A Treasury note is just like a treasury bond, except that it owns a differing maturities. The treasury bond has lifespan between 20 to 30 years.
So we can say that the George wants to buy a Government Bond that will mature in 4 years. The bond which will best meet his needs would be treasury notes. Therefore, option (B) is correct.
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What is the difference between final goods and intermediate goods?
Answers
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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critcism of modern management theory
Answers
Critics argue modern management theory is rigid, short-sighted, lacks inclusivity, and limits employee empowerment and engagement.
Modern management theory has received its fair share of criticism. One critique is its overemphasis on rigid hierarchical structures, which can stifle creativity and hinder employee autonomy. Another criticism is the focus on short-term financial gains, often at the expense of long-term sustainability and employee well-being. Critics argue that this approach neglects the importance of social and environmental factors in organizational success. Additionally, modern management theory is often criticized for its lack of inclusivity and failure to address issues of diversity and equity. Furthermore, some argue that the reliance on top-down decision-making and command-and-control structures limits employee engagement and empowerment. These criticisms highlight the need for a more flexible, holistic, and human-centered approach to management that takes into account the complex dynamics of organizations and their impact on individuals and society.For more such questions on Modern management theory:
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A taxpayer will need to file Schedule A, Itemized Deductions, to deduct which of the following?
Answers
A taxpayer will need to file Schedule A, Itemized deductions to deduct medical and dental expenses, taxes, interests, gifts to charity, casualty and theft losses, job expenses and certain miscellaneous expenses.
What are itemized deductions?Itemized deductions include amounts that we have paid for state and local income or sales taxes, real estate taxes, personal property taxes, mortgage interest and disaster losses. It can also include gifts to charity and part of the amount we paid for medical and dental expenses.
By itemizing on Schedule A we can benefit if we can't use the standard deduction or the amount we can claim is limited, we had large unreimbursed medical expenses and made contributions to qualified charities etc.
It is better to take the itemized deduction if it is greater than the standard deduction.
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Minimum wage legislation
Answers
The Fair Labor Standards Act contains requirements on the federal minimum wage (FLSA). As of July 24, 2009, the federal minimum wage is $7.25 per hour. There are minimum wage regulations in several states. Greater employee safeguards are provided by certain state laws, and companies are required to abide by both.
What is Minimum wage law?The corpus of law known as minimum wage law forbids companies from hiring workers or employees for less than a certain hourly, daily, or monthly minimum payment. More than 90% of all nations have minimum wage laws in place. Most of the time, until recently, minimum wage rules were fairly specific.
For instance, only women and children were covered in the US and the UK. Many developed economies did not expand to the broader labor force until after the Great Depression. Even then, laws were frequently industry-specific. They were expansions of the existing labor laws, for instance, in France.
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What effect does undue influence have on a contract and what remedies can be made for its prevention?
Answers
Undue influence in a contract refers to a situation where one party exerts an unfair or improper influence over the other party, leading to an imbalance of power and compromising the voluntary and informed consent of the affected party.
When undue influence is present in a contract, it can render the contract voidable or unenforceable.
The effect of undue influence on a contract is that it undermines the fundamental principles of contract law, which require parties to enter into agreements freely and without coercion. It creates an unfair advantage for the party exerting influence, potentially leading to terms that are heavily skewed in their favor. The party subjected to undue influence may not fully understand the terms or the implications of the contract, resulting in an unfair outcome.
To prevent undue influence and protect the integrity of contracts, several remedies are available:
Independent Legal Advice: Encouraging the party who is under the influence to seek independent legal advice can help ensure that they understand the terms and implications of the contract. Independent legal counsel can provide guidance, explain their rights and obligations, and identify any potential improprieties.
Full Disclosure and Transparency: Parties entering into a contract should provide full disclosure of all relevant information and be transparent about the terms and conditions. This allows the affected party to make an informed decision and reduces the risk of undue influence.
Procedural Safeguards: Implementing procedural safeguards, such as cooling-off periods, allows the affected party to take time to consider the contract and seek advice before finalizing the agreement. This helps mitigate the risk of impulsive decisions made under pressure.
Contractual Invalidity: When undue influence is proven, the affected party may have the option to seek the invalidation of the contract. This can be done through legal proceedings or by asserting the contract's voidable nature, which allows the affected party to seek rescission or amendment of the contract.
Legal Remedies and Damages: If undue influence results in harm or loss to the affected party, they may seek legal remedies and claim damages for any losses suffered. This can serve as a deterrent and provide compensation for any unfair outcomes arising from the undue influence.
Overall, preventing undue influence in contracts involves promoting transparency, providing access to independent advice, implementing procedural safeguards, and allowing for legal remedies in case of impropriety. These measures aim to safeguard the fairness and integrity of contractual relationships, ensuring that contracts are entered into freely and with informed consent.
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Several companies in the EU were importing safety footwear from Argentina. Specifically, thousands of pairs of steel-toed boots were being imported for end use by workers in hazardous industries, such as mining, construction, and manufacturing. The EU became concerned that the steel inside the footwear was not of the agreed upon quality and so it called upon the ________ to monitor and enforce the trade agreement.
Answers
The EU countries will call upon the World trade Organization to monitor and enforce the trade agreement.
World Trade Organization (WTO) is the international body that regulates the international trade between and among the world nations.
The WTO enables nations producers, exporters, importers to conduct their business around the world.
The WTO helps in administering trade agreement between nations, handles trade disputes and monitors national trade policies.
Therefore, in this question context, the European Union will call on the World trade Organization to monitor and enforce the trade agreement between the EU countries and Argentina.
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Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.
Multiple Choice
$7,800.
$6,240.
$6,200.
$7,850.
$7,750.
Answers
Answer:
Explanation:
Annual depreciation=(cost-salvage value)/useful life
Annual depreciation =(156,000-1000)/20
Annual depreciation =$7750/year
Hence Depreciation for second year=$7750.
Bilt Rite has sales of $610,000 and cost of goods sold equal to 68 percent of sales. The beginning accounts receivable balance is $58,900 and the ending accounts receivable balance is $61,050. How long on average does it take the firm to collect its receivables? Use average receivables during the year. Group of answer choices 35.89 days 25.98 days 26.52 days 41.07 days 44.09 days
Answers
Answer:
Explanation:
Receivables turnover = $610,000[($21,000 + $25,000)2] = 26.52; Receivables period = 36526.52 = 13.76 days
Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
Answers
1. ANSWER THE FOLLOWING: YOU BUY A NEW HOT PINK VOLKSWAGON BEETLE CAR THAT COST $22,500. YOU HAVE $4,000 DOWN PAYMENT. THE BANK LOANS YOU THE MONEY AT 6% INTEREST. YOU DECIDE TO PAY MONTHLY PAYMENTS FOR 4 YEARS. HOW MUCH INTEREST DO YOU OWE THE BANK FOR BORROWING THE MONEY? HOW MUCH WILL IT COST FOR THE CAR PER MONTH PAID OVER 4 years
Answers
The total amount borrowed is $22,500 - $4,000 = $18,500.
To calculate the total interest, we need to first calculate the total amount of payments over 4 years. There are 12 months in a year, so the total number of payments will be 12 x 4 = 48 payments.
To calculate the monthly payment, we can use the formula for a fixed-payment loan:
Monthly payment = [P x r x (1 + r)^n] / [(1 + r)^n - 1]
where P is the principal (amount borrowed), r is the monthly interest rate, and n is the total number of payments.
The monthly interest rate is 6% / 12 = 0.005.
Monthly payment = [18500 x 0.005 x (1 + 0.005)^48] / [(1 + 0.005)^48 - 1] = $430.87 (rounded to the nearest cent)
The total amount paid over 4 years is $430.87 x 48 = $20,666.62.
The total interest paid is $20,666.62 - $18,500 = $2,166.62.
Therefore, the interest owed to the bank for borrowing the money is $2,166.62.
The cost of the car per month paid over 4 years is $430.87.
Which of the following forms of sex-related conduct does each of the example represent ?
Answers
Sexual Harassment is a behavior. It is defined as unwelcome behavior of a sexual nature.
The variety of behaviours that people, creatures, systems, and artificial things exhibit in a given context is referred to as behaviour. These systems may consist of both the inanimate physical world and other systems or species.
Behaviour is an individual's actions. It is what a person does to bring about, bring about change, or to maintain the status quo. Behaviour is a reaction to internal events, such as thoughts and feelings. externally: the surrounding area, which includes other people.
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Which of the following decreases when credited?
Revenue
Inventory
Wages payable
Loans payable
Answers
Inventory decreases with Cr.
Wages Payable decreases with Dr
Loans Payable decreases with Dr
So only inventory decreases with Cr
Asset has a normal balance of a Dr
Liabilities have a normal balance of a Cr
Revenue has a normal balance of a Cr
Karl purchased a second, larger home in which to live. He has
decided to rent his first home out for $1,500 a month. His
mortgage on the first home is $1,250. Is this an example of
passive income?
A) No B) Yes
Answers
Answer:
yes
Explanation:
Passive income is any earning that does not require a person to get involved too much. It is income that requires little effort to earn and maintain. Examples of passive income include shareholder's dividends and rental income. Passive income contrasts with active income, where one participates, is fully engaged, or works for many hours.
Karl receives $1500 as rent and pays $1250 as a mortgage. He earns $250 without using too much effort.
Situation
The context you find yourself in is electronics store owner. The name of your store is Electro Hut. As an owner you want to make a profit. You need to price the products you are selling, but need to make sure that overall you have 30% profit, but two of the products you sell require you to sell them for a price set by the manufacture.
The challenge involves dealing with your customers. In order to be the best store in town, you must not over charge. Adding 30% to all the items except the products that you must sell at a price set by the manufacture will ensure you don't price too high.
For the two items that prices are set by the manufacture you need to find the amount of profit that manufacturer are allowing you to make.
Finally, you will need to write a summary paragraph which needs to explain what you did and why you did it.
Answers
Answer:
Try This
Explanation:
Try to find the number of flexable priced products you may sell. for 30% to the profit, you must factor in the total available numbers, and evenly divide the percentage lost to the other products. take 30% of the price you pay for the two regulated products, add that number and you may then divide that amount equaly to the already 30% profit you have factored in with the other items.
a- amount
B- price
p- necessary profit
c- profit per item
(Ba x.03) = p
p/(a-2) = c
((2.00 x 4) .30) =
=8.00 x .3
=2.4
4-2/ 2.4
2/ 2.4
1.2 = c
c should be how much you add to two items, and your done! you have a correct price set for your item that allow you to make 30% profit on all items excluding the two that must be kept at a standard price.
Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
Answers
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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The City of Houghton enacted an ordinance that forbids religious groups from distributing religious materials within the city limits of Houghton unless the distributor is granted a permit. Other types of materials can be distributed without a permit. What concerns do you have about the constitutionality of this ordinance?
Answers
The concerns that have about the constitutionality of this ordinance are Freedom of Religion, Content-Based Restrictions, Prior Restraint, Equal Protection and Unfettered Discretion.
Here are a few major concerns:
Religious Freedom: The First Amendment to the United States Constitution provides religious freedom, which includes the right to practise and express one's religious views. Content-Based limitation: By treating religious materials differently from other types of materials, the ordinance appears to impose a content-based limitation on communication. Prior constraint: Requiring religious organisations to seek a licence before disseminating religious materials is a type of prior constraint on speech. Equal Protection: If the ordinance treats religious groups differently than other groups or items, it may raise questions regarding legal equality. Unrestricted Discretion: If local officials have unrestricted discretion in choosing who gets a permit, there is a possibility of viewpoint discrimination or bias.For such more question on Restrictions:
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i'll give brainliest!!! Which descriptions offer examples of Governance workers? Check all that apply.
Tia writes and votes on federal legislation.
Herman prepares and oversees responses to earthquakes.
Isaiah performs basic office tasks for a court of law.
Willis makes sure that people and businesses pay their taxes.
Valerie analyzes public opinions and voting results.
Chong maintains weapons and armored vehicles for the US Army.
Answers
Answer:
A, B, and E
Explanation:
Answer:
A,B,E
Explanation:
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What is a firm's weighted-average cost of capital if the stock has a beta of 1.45, Treasury bills yield 5%, and the market portfolio offers an expected return of 14%? In addition to equity, the firm finances 30% of its assets with debt that has a yield to maturity of 9%. The firm is in the 35% marginal tax bracket.
Answers
A firm's weighted-average cost of capital if the stock has a beta of 1.45, is 12.705%.
The average rate of return a company anticipates paying to all of its investors debt and equity to fund its assets is known as the weighted-average cost of capital (WACC).
According to Capital Asset Pricing Model,
Cost of Equity =
Risk-Free Rate of Return + Beta × (Market Rate of Return –Risk-Free Rate of Return)
Risk-Free Rate of Return=5%= 0.05
Beta=1.45
Market Rate of Return=14%=0.14
therefore, cost of equity
\(= 0.05 + 1.45 * (0.14 - 0.05) \\= 0.05 + 0.1315 = 0.1815 =18.15%\)%
After-tax cost of debt =(risk-free rate of return + credit spread)*(1 - tax rate)
After-tax cost of debt\(= 0.09 * (1 - 0.35) = 0.0585 = 5.85%\)%
WACC = (proportion of equity * cost of equity) + (proportion of debt * after-tax cost of debt)
\(WACC = (E/V * Re) + ((D/V * Rd) * (1 - T))\)
\(WACC = (0.7 * 0.1815) + (0.3 * 0.0585) = 0.12705 =12.705%\)%
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