Question 1 (10 points) On 1 January 2021, Lucy wants to have $20,000 to be available at the end of December 2030. She already has $4,000 in the bank, which pays interest at an annual rate of 12%, compounded monthly. If Lucy wants to put an additional equal amount of money in the bank at the end of each month till the end of December 2030 so that she can achieve her $20,000 goal, how much should Lucy monthly deposit in the bank?

Answers

Answer 1

Lucy should monthly deposit $150.33 in the bank.

What is the required monthly deposit for Lucy to reach her goal?

To determine the monthly deposit Lucy needs to make in order to achieve her goal of having $20,000 by the end of December 2030, we can use the concept of compound interest. Since Lucy already has $4,000 in the bank, she needs to accumulate an additional $16,000 over a period of 10 years (from January 2021 to December 2030).

The interest rate is 12% per annum, compounded monthly. To calculate the monthly deposit, we can use the formula for the future value of a series of equal monthly deposits:

FV = P * [(1 + r)^n - 1] / r,

where FV is the future value, P is the monthly deposit, r is the monthly interest rate, and n is the number of months.

Plugging in the given values, we have:

$20,000 = P * [(1 + 0.12/12)^(10*12) - 1] / (0.12/12).

Simplifying the equation, we find:

$20,000 = P * (1.01^120 - 1) / 0.01.

Rearranging the equation to solve for P:

P = $20,000 * 0.01 / (1.01^120 - 1).

Calculating this expression, we find that Lucy should deposit approximately $150.33 monthly in the bank.

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Related Questions

Kimberly is responsible, worthy of trust, and consistent in her performance at work. Her employers know that they can count on her. Kimberly demonstrates _____.

initiative
dependability
time management
conflict resolution

Answers

Answer:

dependability

Explanation:

When others can rely on you, it shows you are dependable. Dependability is a state where others trust a particular person will deliver.  It is convincing others to have full confidence in you and your abilities.

Through previous actions, Kimberly has demonstrated that her employers can rely on her entirely. She has convinced her employers without any doubts that they can depend on her.

A lease agreement contains a clause that gives the tenant the right to purchase the property at a specified price. This type of agreement is called a

Answers

Answer: Finance Lease

Explanation:

There are two main types of leases which are operating leases and finance leases. Operating leases work much like an asset being rented so no ownership is passed from the person leasing to the leasee.

When it comes to finance leases however, the person leasing treats the asset as if it is their own. They record depreciation and list it as an asset in their balance sheets. At the end of the lease term, the leasee then has the option to purchase the asset.

Which of the following is the type of supplier integration where suppliers establish manufacturing facilities closeby?
a. Collaborative forecasting
b. Vendor managed inventory
c. Insourced warehousing
d. Early supplier involvement in NPD
e. Supplier-integrated manufacturing

Answers

The correct answer is e. Supplier-integrated manufacturing. In this type of supplier integration, suppliers establish their manufacturing facilities in close proximity to the buyer's facilities.

This arrangement allows for better coordination, communication, and sharing of resources between the buyer and the supplier. It enables faster response times, reduced transportation costs, and increased supply chain efficiency. By locating manufacturing facilities nearby, both parties can collaborate closely, streamline production processes, and optimize the flow of goods, leading to improved quality control, lower lead times, and enhanced overall operational performance. Supplier-integrated manufacturing promotes stronger partnerships and facilitates a seamless integration of the buyer's and supplier's manufacturing capabilities.

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Explain why studying economics is important. What are some consequences of bad economic thinking by governments, businesses, and individuals

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1. Informs decisions

Economists provide information and forecasting to inform decisions within companies and governments. This knowledge of economics – or economic intelligence – is based on data and modelling.

2. Influences everything

Economic issues influence our daily lives. This includes issues such as tax and inflation, interest rates and wealth, inequality and emerging markets, and energy and the environment. A broad subject, economics provides answers to a range of health, social and political issues that impact households and wider communities.

3. Impacts industries

Firms of all sizes and industries have to rely on economics, whether that’s for product research and development, pricing strategies or how to advertise. This wide influence means studying economics can open up a variety of career options across all sectors of the economy, from agriculture to manufacturing, to banking and consultancy.

4. Inspires business success

Understanding how consumers behave is vital for a business to succeed. Economists use theories and models to predict behaviour and inform business strategies. For example, how to analyse ‘big data’.

5. International perspective

Economics affects the world we live in. Understanding domestic and international perspectives – historic and current – can provide a useful insight into how different cultures and societies interact. For international corporations, understanding the world economy is key to driving success.

What is NOT a major purpose of orientation and socialization? A.. Contribute to the organization's bottom-line goals B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis C. Ensure that the organization's financial investment in employees pays off D. Help hire and place applicants in the best interest of the organization and individual

Answers

Answer:

B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Explanation:

Orientation in a new workplace is a term that describes a form of onboarding process which includes general or property related areas of the firm, like company standards and policies, firm culture, and job-specific aspects of responsibilities.

Also, Socialization in this regard is a form of arrangement, introduced to the values, norms, and behaviors that are required in order to be successful in the organization.

Hence, considering the available options, what is not a major purpose of orientation and socialization is option B: Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Jessi has received a loan to start her new bakery. She wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What should Jessi make FIRST to make to make sure to manage her money so that she prioritizes what she needs for her bakery?


buying plan


sales forecast


profit margin


investment

Answers

Since Jessi has received a loan to start her new bakery, and he wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What she should make FIRST to make sure to manage her money so that she prioritizes what she needs for her bakery is a "buying plan" (Option A)

What is the definition of a "Buying Plan"?

A buying plan, sometimes known as a buying club, is a sort of plan that obligates a buyer to purchase products on a fixed timetable, to acquire items that a seller may deliver without warning, or to pay membership fees in exchange for the right to purchase at a supposedly discounted price.

Goods planning and procurement is a systematic strategy used by retailers to predict merchandise inventory requirements and negotiate the best terms with suppliers.

Typically, retailers employ a centralized buyer or team of buyers that supervise the chain's purchasing process. They may have additional local or regional merchandise managers that supervise merchandise implementation in stores.

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explain the method of bookkeeping ?​

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The two main accounting methods are cash accounting and accrual accounting. Cash accounting records revenues and expenses when they are received and paid. Accrual accounting records revenues and expenses when they occur. Generally accepted accounting principles (GAAP) requires accrual accounting.

Which statement below best captures the overall point and focus of the New York Times article, Document 3?
A) The article expresses deep surprise and anxiety on the part of the New York Times' editorial board, about the idea of blacks playing for their beloved Brooklyn Dodgers.
B) The article's intent is to show sympathy for the ballplayers from southern states who are being asked to change their ways and beliefs so quickly.
C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.
D) The main focus of the article is on the shrewd business instincts of Branch Rickey and his desire to "tap" into the market for ticket sales to black New Yorkers.

Answers

Answer:

Correct Answer:

C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.

Explanation:

Option C ıs the best statement which captures the overall point and focus of the given New York Times article, Document 3.

garfield owns and operate a retail shoe store. garfield contracts with wholesaler to buy 1,200 pairs of running shoes at $25 per pair. when the shoes arrive, the boxes are torn and there is battery acid on some of them. some but not all of the shoes are damaged. garfield and wholesaler reach an agreement by telephone. in exchange for a 15% discount, garfield agrees to accept the shoes as-is. garfield promptly pays the reduced amount. one week later, wholesaler changes his mind and sues garfield for the remaining 15%. who wins?

Answers

Garfield makes a wholesale purchase of 1,200 pairs of running shoes at a cost of $25 per pair, but the shoes arrive broken. Who wins the lawsuit is stated below.

Who is the winner here?

Garfield prevails in this instance of broken shoes because the wholesaler initially agreed to exchange them but afterwards refused, breaking the terms of the agreement.

What exactly was the deal?

An agreement is a sign of two or more people's consent to one another. It occurs through an offer and an acceptance and represents a coming together of the minds with a shared goal. Garfield decides to accept the shoes "as-is" in exchange for a 15% discount from the wholesaler after getting a few of the damaged shoes, and Garfield swiftly pays the discounted sum.

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milena, the vice president of human resources, is working on the problem of restructuring the firm’s compensation plan by using the rational model of decision making. in the first step, she identified the problem of pay and incentives not keeping up with market rates. in the second, step she thought of alternative solutions; and, in the third step, she evaluated alternatives and selected a solution. in the fourth and final, step milena needs to:

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If Milena is using the rational model of decision making, in the fourth and the final step what she has to do is to implement and evaluate the compensation plan chosen.

The rational decision making model can be described as a multiple way of making decisions whereby a choice has to be picked from different choices.

In this last step he has to be analytical, logical and also objective. The best method that she has chosen has to be implemented here. Also she has to carry out an evaluation of her result here too.

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Why is creating an entrepreneurial team a good idea?

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It's essential, therefore, that they can work together, communicate, and collaborate effectively. Building a team with fellow business professionals you respect and admire is importance

you own a custom pc retail store. a small business client asks you to build three workstations for her organization:

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As the owner of a custom PC retail store, if a small business client asks you to build three workstations for her organization, there are several steps you can take to meet her requirements and ensure customer satisfaction.

1. **Assess the client's needs**: Have a detailed discussion with the client to understand their specific requirements. Determine the intended use of the workstations, such as graphic design, data analysis, or general office work. Consider factors like processing power, memory, storage, and graphics capabilities based on their work requirements.

2. **Recommend suitable configurations**: Based on the client's needs and budget, provide recommendations for suitable workstation configurations. Consider components such as processors, RAM, storage drives, graphics cards, and other peripherals that align with their requirements.

3. **Customize and assemble the workstations**: Once the client approves the recommended configurations, customize and assemble the workstations accordingly. Install the operating system, necessary software, and drivers to ensure smooth functionality.

4. **Perform thorough testing**: Before delivering the workstations, conduct comprehensive testing to ensure all components are working properly and meet the client's expectations. This includes running diagnostics, stress tests, and verifying the performance of individual hardware components.

5. **Provide after-sales support**: Offer post-purchase support to address any issues or concerns that may arise after the workstations are delivered. Provide warranty information, troubleshooting assistance, and guidance for future upgrades or maintenance.

By following these steps, you can fulfill the client's request and provide them with tailored workstations that meet their organization's needs, thereby ensuring customer satisfaction and building a positive reputation for your custom PC retail store.

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National networks is an emerging provider of cable television services. is currently working to identify best practices among its competitors through the process of ______.

financial analysis

auditing

benchmarking

staffing

empirical analysis

Answers

National Networks is an emerging provider of cable television services. is currently working to identify best practices among its competitors through the process of benchmarking.

National Networks, as an emerging provider of cable television services, is actively engaged in identifying best practices among its competitors. This process involves various strategies and techniques to gather information and gain insights into industry standards and successful practices. One approach that National networks can employ is benchmarking.

Benchmarking is a systematic process of comparing one's own performance, practices, and outcomes against those of industry leaders or competitors. It allows organizations to identify areas for improvement and learn from the best practices of others. By benchmarking against its competitors, National networks can gain valuable knowledge about successful strategies and tactics employed by established players in the cable television services sector.

Through benchmarking, National networks can analyze various aspects of their competitors' operations, such as customer service, pricing models, channel lineups, content offerings, and technological advancements. This analysis can provide valuable insights into industry trends, customer preferences, and emerging opportunities for growth.

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Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market

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Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).

Give a brief account on marketing management.

Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.

Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :

Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observation

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The complete question is mentioned below :

"Positioning" is a marketing management aid that refers to:  ______

A) how customers think about proposed and/or present brands in a market.

B) a product's ability to provide both immediate satisfaction and social responsibility.

C) how a firm approaches customer relationship management.

D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.

E) all of these alternatives are true.

Many customers value fast, fresh, flavorful food that is free of preservatives, chemicals, and antibiotics. The marketing mix factor that represents the value of the product to a customer is:

Answers

The marketing mix factor that represents the value of the product to a customer is price.

What is marketing mix?

Marketing mix simply means the elements that are involved in the marketing of a good. They're product, price, place, and promotion.

In this case, the marketing mix illustrated is price since it deals with the value of the product.

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T/F: money market accounts, certificates of deposit, bonds and commercial paper are all forms of shortterm investment vehicles.

Answers

True. Money market accounts, certificates of deposit, bonds, and commercial paper are all forms of short-term investment vehicles. These investments typically have maturities of less than one year, and they are considered to be relatively safe and liquid.

Money market accounts are offered by banks and credit unions, and they typically pay higher interest rates than savings accounts. Money market accounts are FDIC or NCUA insured, up to $250,000.

Certificates of deposit (CDs) are also offered by banks and credit unions, and they typically offer higher interest rates than money market accounts. CDs have a fixed maturity date, and you may face penalties if you withdraw your money early.

Bonds are debt securities issued by governments, corporations, or other organizations. Bonds typically have maturities of several years, but there are also short-term bonds that mature in less than one year.

Commercial paper is a type of unsecured debt issued by corporations. Commercial paper typically has maturities of less than 270 days.

All of these investments are considered to be relatively safe, as they are backed by the issuing entity. However, they also offer lower returns than longer-term investments. As a result, short-term investments are typically used for goals that are one year or less away, such as an upcoming vacation or a down payment on a house.

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How is days to collect accounts receivable determined? A) 365 days divided by accounts receivable turnover. B) Net sales divided by 365. C) Net sales divided by average net trade receivables. D) Accounts receivable turnover divided by 365 days.

Answers

Days to collect accounts receivable is determined by dividing the number of days in the accounting period by the accounts receivable turnover. Thus, option A) 365 days divided by accounts receivable turnover is the correct answer.

How is days to collect accounts receivable determined? Days to collect accounts receivable is calculated as follows: Days to collect accounts receivable = 365 days ÷ Accounts receivable turnover is the measure of how frequently accounts receivable are converted into cash.

It is calculated by dividing net credit sales by the average net accounts receivable during the accounting period. It is a ratio that measures the effectiveness of a company's credit and collection policies.

Days to collect accounts receivable is a measure of the average number of days it takes a company to collect its accounts receivable.

A lower number of days to collect accounts receivable is an indicator that the company is efficient in its collection procedures.

A high number of days to collect accounts receivable indicates a weak collection process, which may result in an increase in bad debt expense.

The days to collect accounts receivable is an important measure of a company's financial performance because it indicates how efficiently the company is managing its accounts receivable.

The faster a company collects its accounts receivable, the more cash it will have on hand to invest in its operations, pay its bills, or distribute to shareholders.

Therefore, it is essential for a company to manage its accounts receivable effectively, so it can have sufficient cash to meet its short-term obligations.

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how can a business meet customer needs​

Answers

Bring in new products or services, introduce deals and sales, help local charities

What is the most important thing about branding?


Put out a new message every month


Have your brand look like your competitor


Be consistent

Answers

Answer: Be consistent

If you change your branding too often you will confuse consumers

Explanation:

Costing is a process of assigning and allocating costs to products and services,department and segments in organisation.

Required:

There are a few costing method that can be adapted by a company.How do we choose the appropriate method for a company that is involved in manufacturing and distribution activities?

What is the strength and weaknesses of the method ?

Will variable costing be suitable for costing of inventories in Malaysia.?

Answers

There are several costing methods that can be adapted by a company, and the appropriate method for a company that is involved in manufacturing and distribution activities can be selected based on the nature of the business operations, objectives, and requirements. However, absorption costing and variable costing are two primary costing methods that are commonly used in costing inventories and other cost objects.

Absorption costing, also known as full costing, is a costing method that allocates direct and indirect costs to products or services, including fixed and variable manufacturing costs. This method provides a comprehensive and more accurate picture of product costs and profitability, making it useful for decision-making, pricing decisions, and meeting financial reporting requirements. However, the method can result in over or under-absorption of costs, which can lead to wrong decision-making and may not be appropriate for cost control.

Variable costing, on the other hand, only allocates variable costs to cost objects, such as products, services, or departments. This method is simple and easy to use and can be useful for cost-volume-profit analysis and internal decision-making. However, it may not be suitable for financial reporting purposes as it does not comply with generally accepted accounting principles.

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Clearly distinguish between ERP system and MIS. State and briefly describe the components or subsystems in each of these systems as used in an organization.
Define office automation system (OAS). State four (4) examples of office automation technologies used in organizations.

Answers

An ERP (Enterprise Resource Planning) system is an integrated software system that manages and automates various business processes within an organization. It serves as a centralized database for different functional areas, such as finance, human resources, inventory management, and customer relationship management.

On the other hand, MIS (Management Information System) is a system that focuses on providing managers with information to support decision-making and strategic planning. It collects, processes, and presents data from various sources within the organization.

An Office Automation System (OAS) refers to the use of technology and software applications to automate and streamline routine office tasks and improve productivity.

Four examples of office automation technologies used in organizations are:

Email and Communication Systems: These technologies enable efficient communication through email, instant messaging, and video conferencing, allowing for quick and effective collaboration among team members.

Document Management Systems: These systems facilitate the creation, storage, retrieval, and sharing of digital documents, reducing the reliance on paper-based files and improving document organization and accessibility.

Workflow Automation Tools: These tools automate and streamline business processes by defining workflows, assigning tasks, and tracking progress, resulting in increased efficiency and reduced manual effort.

Electronic Data Interchange (EDI): EDI enables the electronic exchange of business documents, such as purchase orders and invoices, between organizations, eliminating the need for manual data entry and improving accuracy and speed in transactions.

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Together, focusing on individual employee productivity and managing the overall firm comprise the ________ viewpoint.

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Together, focusing on individual employee productivity and managing the overall firm comprise the classical  viewpoint.

What is the classical view point?

This is the view pont that has it that organizational communications are close to machines.

It talks about the fact that if a person has a well managed machine then they would be able to have a great organization.

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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.

Answers

I would say the answer is D because he assumes the man stole them, didnt even ask for a receipt or confirm with the store clerk if he did buy them.

The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.

What is Robbery?

Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.

To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.

In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.

So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.

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any two importance of office resources​

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Two importance of office resources are greater output and promote productivity .

What are office resources ?

All of the resources and amenities found in an office, including people, tools and supplies, furniture and equipment, cash, modes of transportation, and communication, are referred to as office resources. These resources are used to help the organization achieve its goals.

Two improtance of office resources are:Greater output is made possible because every business strives to produce as much as possible while using the fewest resources possible. Better resource utilization management can be used to accomplish such a feat.It helps to promote productivity: Office supplies aid in boosting office employees' productivity. Equipment such as furniture, machinery, and other items make work more comfortable and convenient, which improves worker productivity.

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The Labor-Management Reporting and Disclosure Act (Landrum-Griffin Act) was designed to protect the rights of individual union members in their relations with their own union. Group of answer choices True False

Answers

Answer:

The correct answer is the first option: True.

Explanation:

To begin with, the "Labor Management Reporting Disclosure Act", or also known as Landrum-Griffin Act, was the name given to a law from the United States that basically has its main purpose in the protection of rights from the individual members of the Unions. This law focus particulary in the relationship that exists between the Union as an organization of power and the members inside due to a matter of internal affairs in the search of reducing abuse of power and position as well. That is why that this law seeks for the benefits of the individuals parties in the wake of the increase of their rights.

andy hastings borrowed 500 shares of stock from a broker. this stock is currently selling for $25 a share ($12500). the commission was $125 . three weeks later the price of the stock was $22.50 a share so he bought the 500 shares. the commission was $115. he returned a stock certificate for 500 shares to the broker. what is the rate of return?

Answers

The  the rate of return is 8.9%.

Rate of return on the shares = total cost of borrowing - total cost of buying) / total cost of buying

Total cost of borrowing = cost of shares - commission

$12500 - $125 = $12,375

Total cost of buying = total cost of shares - commission

total cost of shares = $115 x 500 = $11,250

$11,250 +  $115 = $11,365

Rate of return = ($12,375 - $11,365) / $11,365 = 0.089 = 8.9%

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Question #1: Suppose Dream Corp.'s breakeven point revenues of $1,500,000. Fixed costs are $600,000. Compute the contribution margin percentage.

Question #2: Omar Corporation sells two types of computer chips. The sales mix is 30% (Q-Chip) and 70% (Q-Chip Plus). QChip has variable costs per unit of $60 and a selling price of $100. Q-Chip Plus has variable costs per unit of $70 and a selling price of $130. The weighted-average unit contribution margin for Omar Corporation is?

Question #3: Capitol Manufacturing sells 3,000 units of Product A annually, and 7,000 units of Product B annually. The sales mix for Product A is

Answers

The contribution margin percentage for Dream Corp. is 60%.

Question #1:

To calculate the contribution margin percentage, we need to know the total variable costs and the breakeven point revenues.

Given:

- Breakeven point revenues: $1,500,000

- Fixed costs: $600,000

The contribution margin can be calculated using the following formula:

Contribution Margin = (Breakeven point revenues - Fixed costs) / Breakeven point revenues

Substituting the given values:

Contribution Margin = ($1,500,000 - $600,000) / $1,500,000

Contribution Margin = $900,000 / $1,500,000

Contribution Margin = 0.6

To express the contribution margin as a percentage, we multiply by 100:

Contribution Margin Percentage = 0.6 * 100

Contribution Margin Percentage = 60%

Therefore, the contribution margin percentage for Dream Corp. is 60%.

Question #2:

To calculate the weighted-average unit contribution margin, we need to consider the sales mix and the contribution margins of each product.

Given:

- Sales mix: 30% Q-Chip, 70% Q-Chip Plus

- Q-Chip variable costs per unit: $60

- Q-Chip selling price per unit: $100

- Q-Chip Plus variable costs per unit: $70

- Q-Chip Plus selling price per unit: $130

The weighted-average unit contribution margin can be calculated as follows:

Weighted-Average Unit Contribution Margin = (Sales mix of Q-Chip * Unit contribution margin of Q-Chip) + (Sales mix of Q-Chip Plus * Unit contribution margin of Q-Chip Plus)

Substituting the given values:

Weighted-Average Unit Contribution Margin = (0.30 * ($100 - $60)) + (0.70 * ($130 - $70))

Weighted-Average Unit Contribution Margin = (0.30 * $40) + (0.70 * $60)

Weighted-Average Unit Contribution Margin = $12 + $42

Weighted-Average Unit Contribution Margin = $54

Therefore, the weighted-average unit contribution margin for Omar Corporation is $54.

Question #3:

To determine the sales mix for Product A, we need to calculate the percentage based on the annual unit sales for Product A and Product B.

Given:

- Annual unit sales of Product A: 3,000

- Annual unit sales of Product B: 7,000

The sales mix for Product A can be calculated as follows:

Sales Mix for Product A = (Annual unit sales of Product A / Total annual unit sales) * 100

Substituting the given values:

Sales Mix for Product A = (3,000 / (3,000 + 7,000)) * 100

Sales Mix for Product A = (3,000 / 10,000) * 100

Sales Mix for Product A = 0.3 * 100

Sales Mix for Product A = 30%

Therefore, the sales mix for Product A is 30%.

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Describe how online brokerage accounts differ from managed brokerage accounts.

Answers

A managed or discretionary account is just like any other brokerage account, with one important difference. They empower professional investment advisors to manage accounts and execute trades without first consulting the client.

Brokers, also called brokers, are companies that match buyers and sellers of investment vehicles such as stocks and bonds. A brokerage account is often where investors hold their assets. Which type you choose depends on your needs and preferences. A brokerage account is a financial account of an investor who has a licensed broker to buy and sell securities.

Different companies target different investors, depending on their experience, desire for support, and wealth.

Traditional, self-directed online programs are popular with a variety of investors, especially those who prefer to explore and interact with interfaces rather than people.

Human advisors are a better option for those who prefer to interact more directly with financial professionals. Robo-advisors automate investments and use technology to manage portfolios

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Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $200,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $22,000. The fair value of those advertising services is $10,000. Furtastic expects that 2% of all sales will prove uncollectible. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

Answer and Explanation:

The Journal entry is presented below:-

1. Accounts receivable Dr, $200,000  

       To Sales revenue $200,000

(Being sales revenue is recorded)

2. Advertising expense Dr, $10,000

Sales revenue Dr, $12,000

     To Cash $$22,000

(Being expenses is recorded)

Cash Dr, $200,000

    To Accounts Receivable $200,000

(Being cash receipt is recorded)

Why would you want to use a check register

Answers

BECAUSE YOU NEED TO REGISTER ALL CHECKS FAST AND EASY

SUB TO MR BEAST

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