Given information about total costs, fixed costs, and variable costs, the missing values are $143 (variable cost), $291 (fixed cost), and $434 (total cost). The contribution margin per canoe is $362 and the contribution margin ratio is 0.717.
1. Complete the missing values in the table above.
First, we need to calculate the variable cost per unit and the fixed cost per unit. To find the variable cost per unit, we will divide the total variable costs by the number of canoes produced and sold:
Variable cost per unit = Total variable costs / Number of canoes
Variable cost per unit = $72,930 / 510
Variable cost per unit = $143
Next, we will calculate the fixed cost per unit:
Fixed cost per unit = Total fixed costs / Number of canoes
Fixed cost per unit = $148,400 / 510
Fixed cost per unit = $291
Now, we can calculate the total cost per unit:
Total cost per unit = Variable cost per unit + Fixed cost per unit
Total cost per unit = $143 + $291
Total cost per unit = $434
3. Calculate the contribution margin per canoe and the contribution margin ratio.
Contribution margin per canoe = Selling price per canoe - Variable cost per unit
Contribution margin per canoe = $505 - $143
Contribution margin per canoe = $362
Contribution margin ratio = Contribution margin per canoe / Selling price per canoe
Contribution margin ratio = $362 / $505
Contribution margin ratio = 0.717 (or 71.7%)
4. Complete a contribution margin income statement for the company.
Assuming Riverside sells 660 canoes next year:
Sales revenue = Number of canoes * Selling price per canoe
Sales revenue = 660 * $505
Sales revenue = $333,300
Total variable costs = Number of canoes * Variable cost per unit
Total variable costs = 660 * $143
Total variable costs = $94,380
Total contribution margin = Sales revenue - Total variable costs
Total contribution margin = $333,300 - $94,380
Total contribution margin = $238,920
Total fixed costs remain the same, $148,400.
Operating income = Total contribution margin - Total fixed costs
Operating income = $238,920 - $148,400
Operating income = $90,520
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It is a good idea to share you PIN and all passwords with friends and family, just in case you forget.
O True
O False
Answer:
that depends on your family, but it would be true, i would write them down, plus if you dont your parents would be stuck in a loop. (have a few private ones lol)
Explanation:
As part of developing its next strategic plan, Mortimer, Inc., assesses what it does well and what it does poorly, as well as reviews the environmental threats and opportunities. It is conducting a(n)
As part of developing its next strategic plan, Mortimer, Inc., assesses what it does well and what it does poorly, as well as reviews the environmental threats and opportunities. It is conducting a(n) SWOT analysis.
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. This analysis helps the company identify its internal strengths and weaknesses, as well as external opportunities and threats present in the environment.
Strengths and weaknesses are considered internal factors, which can include aspects such as company culture, resources, or unique selling points. By evaluating these factors, Mortimer, Inc. can understand what it does well and where improvements are needed.
On the other hand, opportunities and threats are external factors that can affect the company's performance. Opportunities can come in the form of new markets, technological advancements, or potential partnerships. Meanwhile, threats can arise from competitors, regulatory changes, or economic fluctuations.
By conducting a SWOT analysis, Mortimer, Inc. gains valuable insights into its current position and can make informed decisions for its future strategic plan. This process enables the company to capitalize on its strengths and opportunities while addressing weaknesses and mitigating potential threats.
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A nonprofit organization is trying to convince a mayor to adopt a Citywide recycling program the group includes this sentence and its presentation according to the governmental sources 75% of waste is recycled wool but only 30% is actually recycled which type of hook is it being used A)call to action B)funny story C)question D)statistic
Answer: call to action
Explanation:
The answer to the question is call to action because:
The non-profit organization wants the mayor to adopt a citywide recycling program. The organization wants the mayor to take action against pollution by adopting this program. This is an example of call to action.
Best of Luck!
Answer:
d
Explanation:
which of the following is true of limited liability companies? an llc can be sued by third-parties as a separate entity. an llc cannot enter into contracts under its own name. an llc is a legal entity indistinct from its members. an llc cannot be a manager-managed business entity.
An LLC can be sued by third-parties as a separate entity.
A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.
While the limited liability feature is similar to that of a corporation, the availability of flow-through taxation to the members of an LLC is a feature of a partnership rather than an LLC. The limited liability company (LLC) is a corporate structure that protects its owners from being personally pursued for repayment of the company's debts or liabilities. Regulation of LLCs varies from state to state. Any entity or individual can be a member of an LLC with the notable exceptions of banks and insurance companies. LLCs do not pay taxes on their profits directly. Their profits and losses are passed through to members, who report them on their individual tax returns.
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economic action done or brought about by free choice called ______
Economic action done or brought about by free choice called voluntary exchange.
What is economic action?
Economic action is a term used to describe the economic activities carried out by individuals, businesses, and governments to improve their economic well-being. These activities can include production, consumption, distribution, and exchange of goods and services. Economic action can also involve the use of resources and the exchange of money, as well as the management of capital and investments. Economic action is an important factor in the development, growth, and stability of economies around the world. It is also essential in providing incentives for businesses to produce and invest, and in creating jobs and opportunities for citizens. Economic action can also include public policy decisions made by governments to shape the economic environment. Examples of such policies include taxation, trade agreements, and regulation.
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ou place $40,000 in an investment account today that earns 5% compounded semiannually. how much will be in the account after (a) three years, (b) four years, or (c) five years? formulas should include the
The amount in the investment account after 3 years is $46,868.76, after 4 years is $49,091.94, and after 5 years is $51,383.76.
The formula for calculating compound interest is
A = P(1 + r/n\()^{nt}\)
Where
A = the future value of the investment
P = the principal amount (initial investment)
r = the annual interest rate
n = the number of times the interest is compounded per year
t = the number of years
After three years: A = 40,000(1 + 0.05/2)²³ = $46,868.76
After four years: A = 40,000(1 + 0.05/2)²⁴ = $49,091.94
After five years: A = 40,000(1 + 0.05/2)¹⁰ = $51,383.76
Therefore, the amount in the account after three years is $46,868.76, after four years is $49,091.94, and after five years is $51,383.76.
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finish the lyrics lol
"let it gooo, let it gooo_________________''
Answer:
XDD aint it like "can't hold it back anymore" XDD i think it is from frozen
Explanation:
^-^ have a nice day
Answer:
can't hold it back anymore, let it goooooo
Explanation:
Suppose we have n firms each with an individual supply curve of QS = 1/2 P. Assume that firms have a quasi-fixed cost of $8000 (that is COST= 0 if they shut down but costs = 8000 + variable costs if they are open). There are 1000 consumers with individual demand QD = 100 – 1⁄3P.
a) Let’s start with n = 100 firms. What is the equilibrium market price, output per firm, and consumption per consumer?
b) Calculate Total Consumer Surplus, Total Producer Surplus, and Social Surplus.
c) Now suppose the number of firms rises to 200. What is the new equilibrium market price,
output per firm, and consumption per consumer? Compare
d) How does total Consumer Surplus, Producer Surplus, and Social Surplus change? Discuss.
a) With n = 100 firms, we can find the equilibrium market price by equating the total quantity supplied (Qs) to the total quantity demanded (Qd). Each firm's individual supply curve is QS = 1/2P, so the total quantity supplied by all firms is Qs = 100 * (1/2P) = 50P. The total quantity demanded is Qd = 1000 * (100 - 1/3P) = 100,000 - (1/3) * 1000P. Equating Qs and Qd:
50P = 100,000 - (1/3) * 1000P
Simplifying the equation:
200P = 100,000
P = 500
Substituting the market price into the individual supply equation, we find the output per firm:
QS = (1/2) * P = (1/2) * 500 = 250
The consumption per consumer can be calculated by substituting the market price into the individual demand equation:
QD = 100 - (1/3) * P = 100 - (1/3) * 500 = 100 - 166.67 = -66.67
Since consumption cannot be negative, the consumption per consumer is 0 in this case.
b) To calculate the Total Consumer Surplus, we need to find the area under the demand curve and above the equilibrium price. The equation for the demand curve is QD = 100 - (1/3)P. Integrating this equation with respect to P from 0 to 500 (equilibrium price), we find:
Total Consumer Surplus = ∫[100 - (1/3)P] dP (from 0 to 500)
= [100P - (1/6)P^2] (from 0 to 500)
= [100 * 500 - (1/6) * 500^2] - [0 - 0]
= 50,000 - 41,667
= 8,333
The Total Producer Surplus is the area above the supply curve and below the equilibrium price. Since the supply curve is linear, the area can be calculated as a triangle:
Total Producer Surplus = (1/2) * base * height
= (1/2) * 500 * 250
= 62,500
Social Surplus is the sum of Total Consumer Surplus and Total Producer Surplus:
Social Surplus = Total Consumer Surplus + Total Producer Surplus
= 8,333 + 62,500
= 70,833
c) When the number of firms rises to 200, the equilibrium market price, output per firm, and consumption per consumer can be recalculated using the same approach as in part (a).
50P = 100,000 - (1/3) * 1000P
600P = 100,000
P = 166.67
Output per firm (QS) = (1/2) * P = (1/2) * 166.67 = 83.33
Consumption per consumer (QD) = 100 - (1/3) * P = 100 - (1/3) * 166.67 = 100 - 55.56 = 44.44
d) The change in total Consumer Surplus, Producer Surplus, and Social Surplus can be evaluated by comparing the values from part (b) to the new equilibrium.
Total Consumer Surplus:
With 200 firms, the new Total Consumer Surplus will be calculated using the
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How can the survey help Maria brand her bar soap? Give an example of how packaging and labeling can strengthen her brand
The survey can help Maria brand her bar soap by gathering valuable insights and feedback from potential customers. Maria can gather feedback on her soap's scent, ingredients, and design.
The survey can help Maria brand her bar soap by gathering valuable insights and feedback from potential customers. By conducting a survey, Maria can understand her target audience's preferences, needs, and expectations, allowing her to tailor her product to meet their demands.
For example, if the survey reveals that customers value eco-friendly packaging, Maria can design her soap packaging using sustainable materials. This not only aligns with her target audience's values but also strengthens her brand as a socially responsible and environmentally conscious company.
Additionally, through the survey, Maria can gather feedback on her soap's scent, ingredients, and design. By incorporating this feedback into her packaging and labeling, Maria can create a unique and appealing brand identity that sets her bar soap apart from competitors.
In conclusion, conducting a survey can help Maria brand her bar soap by providing valuable insights and allowing her to tailor her product's packaging and labeling to meet her target audience's preferences and strengthen her brand.
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The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answer:
B. Customer needs, company goals, profits
Explanation:
Shakira paid the following taxes this year:
Federal income tax $15,800
Federal employee payroll tax $ 6,300
State and local income tax $ 5,000
State and local sales tax $ 5,400
Property tax on personal residence $ 2,500
Compute Shakira’s itemized deduction for taxes.
a. $7,500
b. $7,900
c. $12,900
d. $19,200
Shakira's itemized deduction for taxes is **c. $12,900**. To compute Shakira's itemized deduction for taxes, we need to consider the deductible taxes allowed under the tax law. The deductible taxes include the following:
1. State and local income tax: $5,000
2. State and local sales tax: $5,400
3. Property tax on personal residence: $2,500
The deductible amount for federal income tax and federal employee payroll tax is not included in the itemized deduction for taxes.
Adding up these deductible taxes, we have $5,000 + $5,400 + $2,500 = $12,900.
Therefore, Shakira's itemized deduction for taxes is **c. $12,900**.
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A: electric car vs B is gas car
Option A: $54,000 initial cost, Maintenance yearly cost $ 1500/year at the end of yr=5 must replace battery cost $5,000 after 10 yrs your salvage value is 8,000.00. (life n=10)
Option B: Initial cost $35,000, Maintenance cost $5,000/year after 15 years your salvage value is $3,000 (life n=15) which one is better value
interest is 10%
Comparing the NPVs, we find that Option A has a higher NPV (-$2,112.17) compared to Option B (-$29,791.90). Therefore, Option A (Electric Car) provides better value than Option B (Gas Car).
To determine which option provides better value, we need to calculate the net present value (NPV) for each option and compare them. The NPV considers the time value of money by discounting future cash flows to their present value.
Option A: Electric Car
Initial Cost: -$54,000
Annual Maintenance Cost: -$1,500
Battery Replacement Cost at the end of Year 5: -$5,000
Salvage Value at the end of Year 10: $8,000
To calculate the NPV of Option A, we discount the cash flows at a 10% interest rate:
NPV(A) = (Initial Cost) + (Present Value of Annual Maintenance Costs) + (Present Value of Battery Replacement Cost) + (Present Value of Salvage Value)
Option B: Gas Car
Initial Cost: -$35,000
Annual Maintenance Cost: -$5,000
Salvage Value at the end of Year 15: $3,000
To calculate the NPV of Option B, we discount the cash flows at a 10% interest rate:
NPV(B) = (Initial Cost) + (Present Value of Annual Maintenance Costs) + (Present Value of Salvage Value)
We will compare the NPV(A) and NPV(B) to determine which option has a higher value. The option with a higher NPV will be considered the better value.
Performing the calculations, we find:
NPV(A) ≈ -$54,000 - $1,500/(1+0.1) - $1,500/(1+0.1)^2 - $1,500/(1+0.1)^3 - $1,500/(1+0.1)^4 - $6,500/(1+0.1)^5 + $8,000/(1+0.1)^10
NPV(A) ≈ -$54,000 - $1,363.64 - $1,239.67 - $1,127.88 - $1,025.34 - $4,187.76 + $3,174.60
NPV(B) ≈ -$35,000 - $5,000/(1+0.1) - $5,000/(1+0.1)^2 - $5,000/(1+0.1)^3 - $5,000/(1+0.1)^4 - $5,000/(1+0.1)^5 - $5,000/(1+0.1)^6 - $5,000/(1+0.1)^7 - $5,000/(1+0.1)^8 - $5,000/(1+0.1)^9 - $5,000/(1+0.1)^10 - $5,000/(1+0.1)^11 - $5,000/(1+0.1)^12 - $5,000/(1+0.1)^13 - $5,000/(1+0.1)^14 + $3,000/(1+0.1)^15
NPV(B) ≈ -$35,000 - $4,545.45 - $4,132.23 - $3,756.57 - $3,415.07 - $3,104.61 - $2,822.37 - $2,565.79 - $2,332.54 - $2,120.58 - $1,928.07 - $1,753.42 - $1,595.15 - $1,451.89 - $1,322.32 + $665.83
After calculating the NPVs, we compare them:
NPV(A) ≈ -$2,112.17
NPV(B) ≈ -$29,791.90
Comparing the NPVs, we find that Option A has a higher NPV (-$2,112.17) compared to Option B (-$29,791.90). Therefore, Option A (Electric Car) provides better value than Option B (Gas Car).
Thus, the electric car (Option A) is the better value in this case.
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4.
manager wants to give a pay rise to everyone who is paid less than the average salary.
This table shows the annual salaries of the employees in the company.
Employee
Salary (in £ thousands)
AJ
16
TM
23
WF
23
SW
22
MT
15.5
RD
18.5
JR
20
LS
23
PB
36
Tick all of the employees who are paid less than the median salary.
Answer: AJ, MT, RD, Jr
Explanation:
Given the following data :
AJ - 16
TM - 23
WF - 23
SW - 22
MT - 15.5
RD - 18.5
Jr - 20
LS - 23
PB - 36
Median salary can be calculated thus :
Arranging salary in ascending order of Magnitude :
15.5, 16, 18.5, 20, 22, 23, 23, 23, 36 (£ thousand)
Meduan salary is the 5th figure in the arrangement = £22 thousand
Therefore, those earning less than the median salary are:
AJ, MT, RD, Jr
Which type of employee receives the most paid leave benefits?
O they all receive the same
full-time
O temporary
O part-time
Answer:
I think it's full-time
Answer:
Full time
Explanation:
Industrial property is protected internationally under the ________ for the protection of industrial property to which nearly 100 countries are signatories.
Industrial property is protected internationally by the Paris Convention for the Protection of Industrial Property, in which about 100 countries participate.
The system of rights called property also concerns valuable objects themselves and gives individuals legal rights over them. Depending on the type of property, the owner may have the right to properly use it, to modify it, to share it, to redefine it, to rent it, to mortgage it, to sell it, or to separate it from another property. You may have the right to barter, assign, assign, or assign. within the conferred ownership or destroy. However, regardless of the type of property, the owner may have the right to prohibit others from engaging in these activities.
Private, public and collective ownership are the three main forms of ownership recognized in economics and political economy (also called cooperative ownership).
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How would a manufacturer benefit by using fewer scarce resources?
The product would be less expensive to produce.
The product would better satisfy consumer needs.
The product would be popular and readily available.
The product would provide a more satisfactory profit.
The manufacturer would benefit because the product would be less expensive to produce.
How would a manufacturer benefit by using fewer scarce resources?A manufacturer would benefit by using fewer scarce resources in several ways:
Lower production costs: Using fewer scarce resources would result in lower production costs for the manufacturer. This would allow them to price their products more competitively, potentially leading to increased sales and market share.
Improved efficiency: Using fewer resources often requires manufacturers to find more efficient ways of producing their products. This could lead to improved production processes, reduced waste, and more streamlined supply chains.
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Answer:
The product would be less expensive to produce.
Explanation:
What is an accurate definition of a goal?
a way of living that shows the beliefs and opinions of a person or group of people
a priority, principle, or belief that guides a person’s life
an ability created through learning and experience
something specific a person wants to achieve
Option (d), An accurate definition of a goal is anything definite that a person wishes to accomplish.
Which definition of a goal is best?An individual who is aiming to achieve a goal has an objective or target in mind. A player's attempt to place an object in a game's goal area, or the finish line of a race, is referred to as the goal. There are numerous meanings for the noun "goal" as well. An objective or target that you vigorously and resolutely pursue is referred to as a goal.
What would you say are your goals?The wisest course of action is not to set up a list of goals. Instead, concentrate on one or two main goals and briefly explain how you plan to reach them or how they will help you progress your profession in the long run. This displays how well you understand your long-term goals and how carefully you've thought them out.
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Can anyone help me with these two questions from my assignment?
1. How will an increase in GDP be sustainable? List two reasons.
2.Give two reasons why economic growth may diminish the quality of life of a nation’s people.
Answer:
1. Growth encourages investment, which supports sustainability. Economic growth boosts consumer demand, spending, and confidence, all essential components of a favourable investment environment—which the energy transition will require.
Describe three reasons as to why GM builds cars in China. Should GM do what the USA President wants and move production of cars sold in China from China to the USA? Explain.
Answer:
Three reason why GM build cars in China:
China has lower labor costs. This is the main reason, a Chinese worker earns a lot less than an American worker, and this results in a substantial cost reduction for GM.
China has important economies of scale. The United States also has important economies of scale, but China may have the edge in some economic sectors.
Finally, the third reason is that China has very good infrastructure like trains, roads, and ports, and this facilitates the logistics for GM.
If the president wants GM to move production back in the US, GM could demand better infrastructure (labor costs cannot be lowered, and the economies of scale are already there), and perhaps other complementary incentives like corporate tax reductions, or even subsidies.
The facts that a proprietorship, as a business, pays no corporate income tax, and that it is easily to raise capital, are two key advantages to that form of business.
a. True
b. False
Answer: False
Explanation:
While Proprietorship do indeed have the tax advantage of not having to pay Corporate income tax, the same cannot be said for the ease at which they can raise capital.
In general, Proprietorships find it hard to raise capital as investors will be worried of investing into a one person run operation. They would rather prefer that their investments were protected by the law and that the company had enough experienced people on board as well which is why they would prefer a Corporation.
Even getting loans as a Proprietorship can be hard because banks will set a high rate for the business to cater for a default risk.
Anyone who has the power to sway or persuade others, especially via their opinions and posts on a specific topic, market or industry, is known as a/an:
А
sharer
B
participant
С
contributor
D
influencer
Which person's unemployment is an example of frictional unemployment?
А
a rocont collogo graduato who is sooking to enter the workforce for the first timo
B
a factory worker who was laid off during a recession in order to cut operating costs
a retail salesperson who is looking for work after a period of seasonal employment at a departmen
D
an inexperienced computer programmer who lacks the human capital sought after by employers in
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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Which job in the Finance career cluster is ideal for a person with a master’s degree?
A. Bank Teller
B. Controller
C. New Accounts Clerk
D. Loan Officer
Answer:
i put d
Explanation:
Answer:
ddddddddddddddddddddddddddddddddddddddddddd
Explanation:
Why should you memorize your social security number rather then carry your social security card in your wallet? Explain why you will need to provide your social security number to employers
Answer:
Hmm.
Explanation:
Why should you memorize your social security number rather than carry your social security card in your wallet?
One big reason why you should NOT carry your social security number on you is that you could get robbed at ANY moment. And if someone has your Social security number, then they could slander your name.
Explain why you will need to provide your social security number to employers.You will need to provide your social security number to employers because they need to make sure that you are you.
'Why do employers need my social security number? If an employer decides to extend you an offer, they will eventually need your social security number to verify your identity and work authorization and perhaps to complete a background check. However, they don't need it in the initial hiring phase.'
Answer:
One big reason why you should NOT carry your social security number on you is that you could get robbed at ANY moment. And if someone has your Social security number, then they could slander your name.
Explanation:
Ayman has a credit card with a balance of $4750 CAD and an annual interest of 21.5% compounded
monthly. He plans on paying off the loan completely in two years using monthly payments. What is the
total amount of interest he will pay once the card is paid off?
#1 $128.03
#2 $1136.00
#3 $4878.03
#4 $5886.00
write a paragraph about business stocks
Answer:
Stocks are securities that represent an ownership share in a company. For companies, issuing stock is a way to raise money to grow and invest in their business. For investors, stocks are a way to grow their money and outpace inflation over time.
When you own stock in a company, you are called a shareholder because you share in the company's profits.
Explanation:
Exports only account for a small percentage of u. S. Business for which two reasons?.
what are the main duties and responsibilities of a Hotel manager
Answer:
Here are some:
recruiting, training and supervising staff.
managing budgets.
maintaining statistical and financial records.
planning maintenance work, events and room bookings.
handling customer complaints and queries.
promoting and marketing the business.
Hope it helps you pls mark me brain list.
Answer:
The main duties and responsibilities of the hotel manager are as below:
Explanation:
1) Recruiting, training, and supervising staff.
2) Managing budgets.
3) Maintaining statistical and financial records.
4) Planning maintenance work, events, and room bookings.
5)Handling customer complaints and queries.
6) Promoting and marketing the business.
what a product that hasn't been created yet???
Answer:
i like your smart pantry idea lol, its like a smart fridge but pantry version
Explanation: