Suppose that JVC is trying to decide how to price a new stereo system composed of a receiver, CD player, and speakers. The company's economists have estimated that two different groups will purchase these products: students and club owners. The economists analysis suggests that the total market for its brand of stereos consists of 10,000 students and 50,000 club owners. In addition, it is estimated that the maximum amount each group will pay for each stereo component is as follows:
Group Receiver CD Player Speakers
Students $250 $150 $100
Club owners $200 $75 $250
Required:
a) Suppose that JVC markets the receiver, CD player, and speakers are sold separately and together. What prices should JVC charge to maximize revenues?
Answers
The revenues table is:
\(\text{Receivers} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 200\\\\\text{CD player}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 75\\\\\text{Speaker} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 250\\\\\text{Combined ( bundling )} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 500\)
Calculating the pricing JVC will charge in order to increase revenues:Calculating the separate price for the receiver:
when
\(P = 250\) only for the students to buy
\(\to TR = 250 \times 10,000 = 2,500,000\)
\(P = 200\), both types will buy
\(\to TR = 200 \times (60,000) = 12,000,000\)
Therefore, the higher \(TR\), with \(P = 200\), and the charge \(P = 200\), for Receiver:
Calculating the value of CD player:
\(If \ P = 150,\ \ TR = 150\times 10,000 = 1,500,000 \\\\If \ P = 75, \ \ TR = 75 \times (60,000) = 4,500,000\)
Therefore, the higher \(TR\), with \(P = 75\),
Speakers,
if\(P = 100\) , both types buy
\(\to TR = 100 \times (60,000) = 6,000,000\)
If \(P = 250\), only club owners buy
\(\to TR = 250 \times 50,000 = 12,500,000\)
So higher \(TR\) with \(P = 250\)
Now combined Willingness to pay
For students, \(250+150+100 = 500\)
For club owners, \(200+75+250 = 525\)
So if \(P = 500\), both types buy
\(\to TR = 500 \times 60,000 = 30,000,000\)
if \(P = 525\), only club owners buy, then
\(\to TR = 525 \times 50,000 = 26,250,000\)
so higher \(TR\) with \(P = 500\)
Therefore, the calculated table values are:
\(\text{Receivers} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 200\\\\\text{CD player}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 75\\\\\text{Speaker} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 250\\\\\text{Combined ( bundling )} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 500\)
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One year ago, James Sirlank bought Dell Computer common stock for $20 per share. Today the stock is selling for $19 per share. During the year, James received four dividend payments, each in the amount of $0.20per share. (a) What rate of return did James earn during the year? (b) What were the (1) dividend yield and (2) the capital gains yield associated with the stock for the year?
Answers
Tthe price of the share is down in the year so there will be no Capital gain (*5.26%) for the year but dividend of the the share received so there will be return (-1.05%) and dividend yield (4.21%) .
What will be the return and yield for the year ?Given in the question
Price = $ 20
Selling Price = $ 19
Dividend payment = $ 0.20 per share
As per question
(a) Rate of Return =
\(Total return = (Purchase price - (Sale price + dividend payment))/Purchase price \\ = (20-(19+(0.2*4))/19\\ = -1.05%\)
(b) (1) Dividend yield
\(Dividend Yield = Dividend payment / purchase \\ 0.2*4 / 19\\ = 4.21%\)
(2)
Capital Gain yield
\(Capital gain Yield = (Sale price- purchase price)/Purchase price\\ = (19-20)/20\\ = *5.25%\)
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Which trade scenario is most beneficial for a country?
А.
appreciation of the country's currency, Increase in its imports, and decrease of its exports
B. depreciation of the country's currency, Increase in its imports, and decrease of its exports
C. depreciation of the country's currency, decrease in Its Imports, and increase of its exports
D. appreciation of the country's currency, decrease in Its Imports, and increase of its exports
Answers
It should be noted that the trade scenario that is most beneficial for a country is appreciation of the country's currency, decrease in Its Imports, and increase of its exports.
What is a trade?Trade can be regarded as the means of exchange by an organization or country.
When the currency of a a country appreciate, the money will have value, export also boast the currency.
Therefore, option D is correct.
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Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answers
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variable costs as follows: Location FC (annual) VC (per unit) Atlanta $ 80,000 $ 20 Phoenix $ 140,000 $ 16 If the annual demand will be 20,000 units, what would be the cost advantage of the better location? HINT: Compare the total costs Select one: a. 40000 b. 20000 c. 460000 d. 60000
Answers
Answer:
Cost Advantage of different locations:
b. $20,000
Phoenix certainly had a cost advantage over Atlanta and based on this factor, it should be chosen for the new plant instead of any other city.
Explanation:
a) Total Costs of different locations:
Atlanta Phoenix
Fixed Cost $80,000 $140,000
Variable cost 400,000 320,000
Total Costs $480,000 $460,000
b) Variable costs
Atlanta Phoenix
Annual Demand 20,000 20,000
Variable cost/unit $20 $16
Total variable cost $400,000 $320,000
c) Cost Advantage is the competitive edge which location (or company) can have over another through reduced production or marketing costs or both so that it can offer cheaper prices or use excess profits to bolster promotion or distribution. In this case, the comparison is on the total cost, which is made of variable and fixed costs.
Question Content Area A company used $35,000 of direct materials, incurred $73,000 in direct labor cost, and had $114,000 in factory overhead costs during the period. If beginning and ending work in process inventories were $28,000 and $32,000, respectively, the cost of goods manufactured was a.$190,000 b.$222,000 c.$218,000 d.$226,000
Answers
Based on the direct materials to the company, the direct labor cost, and the factory overhead, the cost of goods manufactured can be found to be c.$218,000
How to find the cost of goods manufactured?The cost of goods manufactured relates to the cost that a company incurs in order to be able to produce the goods and services. They include only those expenses that were incurred at the site of production such as the direct materials, the direct labor, and the factory overhead.
The cost of goods manufactured can be found by the formula:
= Total cost of manufacturing + Beginning work in process - Ending work in process
Total cost of manufacturing is:
= Direct materials + Direct labor + Factory overhead
= 35,000 + 73,000 + 114,000
= $222,000
This means that the cost of goods manufactured is:
= 222,000 + 28,000 - 32,000
= $218,000
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Allen deposits $2,000 in his local bank. He earns 2 percent interest each year on his deposit. Jessica borrows $1,000 from the same bank. She is charged a 7 percent interest rate on the borrowed money. How do these bank practices affect the money supply in the community?
A. In Allen's case, but not Jessica's, the money supply decreases.
B. In both Allen's and Jessica's cases, the money supply decreases.
C. In Jessica's case, but not Allen's, the money supply stays the same.
D. In neither Jessica's nor Allen's case does the money supply increase.
Answers
Answer:
A is the correct answer,
Explanation:
I got it right on the test
1. advertising
the statistical data of a population, especially those showing average age, income, or education
2. demographics
the act or practice of calling public attention to one's product, service, or need
3. marketing
the value added to a product by using the marketing functions
4. marketing concept
product, price, distribution, and promotion
5. marketing functions
the specific group of customers that a company wants to identify; a people with wants and needs that can be met with the goods or services the company provides
6. marketing mix
development, promotion, and distribution of products that satisfy people's needs and wants
7. marketing utilities
a plan on how to market a product or service to consumers
8. mass media
any of the means of communication, such as television or newspapers, that reach very large numbers of people
9. target market
the techniques a company uses in the practical marketing of products
Answers
Answer:ddddnc0e99djn n nin i jij j i jij i ji j
Explanation:
ccsccddjbyg67ey8cunowruhg816v xooejejjdjd
Your client is part owner of a general contracting business with 4 other partners. Each owns an equal 20% share of the business, which has 500 shares issued and outstanding and is valued at $10 million. The partners have an entity plan in place. What do we know about this situation?
When the first partner dies, each surviving partner will own 125 partnership shares
When the first partner dies, each surviving partner will own 100 partnership shares
If a cross-purchase plan were in effect, that plan would require 36 separate life insurance policies in order to fully implement
A & C are both correct
Answers
When the first partner dies, each surviving partner will own 125 partnership shares. If a cross-purchase plan were in effect, that plan would require 36 separate life insurance policies in order to fully implement. Option D
Based on the information provided, we know that the general contracting business is valued at $10 million and has 500 shares issued and outstanding, with each of the 5 partners owning an equal 20% share. This means that each partner owns 100 shares of the business.
In terms of the entity plan in place, we are not given specific details, but we can assume that it includes provisions for the transfer of ownership in the event of a partner's death.
Option A suggests that when the first partner dies, each surviving partner will own 125 partnership shares. This would mean that the deceased partner's 100 shares would be distributed equally among the remaining partners. However, this option does not take into account any provisions for the deceased partner's beneficiaries or estate.
Option B states that each surviving partner will own 100 partnership shares when the first partner dies. This seems more likely as it maintains the equal ownership structure of the business and would only require the transfer of the deceased partner's 100 shares to the remaining partners.
Option C suggests that a cross-purchase plan would require 36 separate life insurance policies to fully implement. This is likely because there are 5 partners in total, and each would need to take out a policy on each of the other partners in order to fund the purchase of their shares in the event of their death.
Therefore, the correct answer is D) A & C are both correct. We can assume that the entity plan in place includes provisions for the transfer of ownership upon a partner's death, and a cross-purchase plan would require multiple life insurance policies to fund the purchase of shares. Option D.
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Jose can't wait to buy his first car next month. He imagines that he will make several new friends at school since everyone will want to ride in his car. He is even having a hard time concentrating on filling orders at the restaurant where he works. Does Jose's thinking have an ethical component? Who is most affected by Jose's conduct? *
Answers
Answer:
His thinking does NOT have a ethical componet.
HISELF is most affected by his conduct.
Answer:
C
Explanation:
im him
When Carter decided to start a luxury cologne company, he hired a wealthy
aristocrat from France as his primary spokesperson. Which aspect of the marketing
mix focuses on this action?
(1 point)
O positioning
O price
O unique selling proposition
O personal selling
Answers
Answer: Personal Selling.
Explanation:
Personal Selling. Personal selling focuses on the direct communication and relationship building between the company and the customer. In this case, Carter hired a wealthy aristocrat from France to be the spokesperson for his cologne company, which is an example of personal selling.
Kate was turned down for a job because of a bad credit report. The creditor is required to give her the name of the credit bureau that supplied the report, according to
the:
Fair Credit Reporting Act.
Fair Credit Billing Act.
Truth in Lending Law.
Equal Credit Opportunity Act
Answers
The creditor is required to give Kate the name of the credit bureau that supplied the report under the Fair Credit Reporting Act (FCRA). The FCRA is a federal law that regulates the collection, use, and disclosure of consumer credit information. Under the FCRA, creditors are required to provide consumers with a copy of their credit report upon request. They are also required to provide consumers with the name and address of each credit bureau that has provided them with a report within the past two years.
The other laws you mentioned are also important, but they do not specifically address the issue of providing consumers with the name of the credit bureau that supplied their report. The Fair Credit Billing Act (FCBA) regulates the billing practices of creditors and credit card companies. The Truth in Lending Law (TILA) requires lenders to disclose certain information to borrowers, such as the annual percentage rate (APR) and the total amount of interest that will be charged on a loan. The Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against borrowers on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive income from a public assistance program.
When a government creates a budget, it is seeking a way to spend as much revenue as possible. cut spending to a bare minimum. return as much money to taxpayers as possible. allocate money to programs and projects.
Answers
Government do creates a budget to allocate money to programs and projects.
What is a budget?Budget are financial plan that made by an organization or government.
This plan will cover a given period of time and it can be use as a tool to measure financial obligations.
It include quantity of goods, costs and expenses, assets and liabilities.
Therefore, Government do creates a budget to allocate money to programs and projects.
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When a government creates a budget, it is seeking a way to allocate money to programs and projects.
What is budget?Budget has to do with income and expenditure over a particular period of time.
Budget is important as it enables government to plan and forecast on how to allocate money for government spending.
Government tend to create budget as it help them to effectively use the money.
Inconclusion creating a budget help to allocate money to programs and projects.
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Darren and Ike run a custom bicycle shop. This week, they launched a series of free bicycle repair clinics to raise awareness about their business. Which term BEST describes their activity?
Answers
Answer:Maybe they are trying to get people to notice them and come into their shop
Explanation:
Answer:
public relations
Explanation:
What is
one consequence of stagflation?
The economy drastically slows down as
money loses its buying power.
© Producers cannot keep up with consumer interest and raise their prices.
• There are not
enough workers to meet the rising level of production.
• Demand is too high and people spend more money than they should
Answers
One consequence of stagflation is that the economy drastically slows down as money loses its buying power.
What is stagflation?This is when an economy is experiencing high unemployment, coupled with inflation. Here, there is slow economic growth due to increase in prices of goods and services and high rate of people who do not have jobs.
Hence, one consequence of stagflation is that the economy drastically slows down as money loses its buying power.
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Nelson is documenting all the steps it takes to recruit, hire, and onboard a new employee. What would be the BEST way to describe these steps?
A) hiring workflow
B) hiring dynamics
C) hiring hierarchy
D) hiring org chart
Answers
The best way to describe these steps for recruiting, hiring, and onboarding a new employee would be through a hiring hierarchy. Option C.
What are the steps for hiring?First, there must be an assessment of the need for specialized personnel, so that the company can then start a structured recruitment/selection process based on requirements such as the employee's experience and education.
After the recruitment process, it is necessary to follow the steps of formalizing the registration of the new employee through a contract and other legal provisions. Integration is also essential so that the employee can adapt to the rules, team and organizational culture.
Therefore, the process of selecting, hiring and integrating a new employee into the company follows a series of essential steps that must be arranged in a hiring hierarchy, so that the process proceeds as planned.
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Several insureds have become liable because of a single loss. How will the policy's limit of liability be affected?
A homeowners policy can have no more than one insured.
The full limit applies to each insured individually.
No more than the per occurrence limit applies, no matter how many insureds are involved.
Pro rata liability applies.
Answers
According to standard practice, the policy's liability limit starts at 20% of the own damage maximum rate (and not the legal responsibility premium) and gradually rises to a maximum of 50%. However, if a claim is made, the No claim Bonus is forfeited for the next policy period. The insured receives the NCB rather than the insured car.
What is a single limit of insurance?
Auto insurance with a single flat sum for coverage limitations is referred to as single limit liability coverage. as an illustration, a policy owner may select $300,000 in total per event legal responsibility insurance. This sum would cover any and all personal injury and property damage claims resulting from a single accident.
What is aggregate liability limit?
Single limit liability coverage refers to auto insurance having a single fixed amount for coverage restrictions. As an example, a policy holder could decide to purchase $300,000 in complete legal responsibility insurance per incident. This amount would cover any and all claims for property damage and bodily harm arising from a single accident.
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Substitute x = b 2 into the simplified expression, the value was 20.
Answers
Answer:
b= 10 x = 20
Explanation:
b= 10. 10 x 2 =x
Therefore the value of X is 20 if you substitute the value twenty for x then divide that value by two you received your variable b's answer.
si el dia 17 de junio me comprometo a pagar una suma de dinero en un plazo de 3 meses: ¿hasta que dia tengo tiempo para hacer efectivo el dinero?
Answers
The date that you would have to pay back the money borrowed would be September 16.
How to find the date ?A financial agreement or contract is established when an individual commits to paying a specific sum of money within an agreed-upon timeframe. In this particular instance, the obligation entails remitting payment within three months from June 17.
Should one vow to pay said amount before 3 whole months after June 17, then they would have until September 16th to follow through on their promise. This is because September 17th marks the end of the third month and thus its conclusion. Nevertheless, given that full payment is mandated within the span of those 90 days, the last day to submit the sum turns out to be September 16th - marking the final date of the time period at hand.
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28. Which feature is most reliable when comparing an individual to their ID photo?
Answers
Answer:
their eyes
hope it helps
The eyes of an individual is the most reliable features when comparing an individual to their ID photo.
What is the comparison for?The comparison is mainly for validation reason for a transaction, booking, pass etc.
Therefore, the eyes of an individual is the most reliable features when comparing an individual to their ID photo.
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What do you think is a good
Answers
Answer:
which feels right is good
Explanation:
the feeling of satisfaction, feeling of happiness by doing something, means that work is good
1. Construct the project network, given the activity precedence information provided.
Activity Immediate Predecessors
A -
B -
C B
D A
E B
F B
G D, E
H F
2. Construct the project network, given the activity precedence information provided.
Activity Immediate Predecessors
A -
B -
C A, B
D B
E B
F C, D, E
G E
Answers
Answer:
SO like basically yopujust gea
Explanation:
A cost due to an increase in activity is called?
Answers
Answer:
Marginal benefit is the additional benefit an individual derives from increase in an activity.
Explanation:
Which of the following careers does NOT work with patients or the public?
A.
Social worker
B.
Laboratory technician
C.
Hair stylist
D.
Substance abuse counselor
Answers
Answer:
B. Laboratory technician
Explanation:
Laboratory technicians don't work with patients or the public.
Answer:
B.Laboratory technician
Explanation:
"A lab technician analyzes samples such as body fluids and chemicals. They assist scientists and medical personnel with tasks such as keeping records and conducting tests." They do not have patients, or work with the public, they work for them, to make scientific analises. Hope this help!!
Briefly summarize the concept of the division of labour. What does Smith think is good about the division of labour?
Answers
Answer:
the division of labor was a way to make laboring the old times more fair in a way
Explanation:
"The currency speculator who sells futures contracts assumes the risk that someone else doesn't want to assume." Do you agree or disagree? Explain your answer.
Answers
I agree with the statement "The currency speculator who sells futures contracts assumes the risk that someone else doesn't want to assume."
In the currency futures market, there are always two parties involved in a transaction - a buyer and a seller. The buyer of a futures contract is typically a hedger who is looking to protect against currency price fluctuations, while the seller is typically a speculator who is looking to profit from those price fluctuations.
When a currency speculator sells a futures contract, they are essentially taking on the risk that the hedger is looking to offload. The hedger is willing to pay a premium for the futures contract to transfer the risk to someone else.
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In 2020, Satesh has $5,000 short-term capital loss, $13,000 0%/15%/20% long-term capital gain, and $7,000 qualified dividend income. Satesh is single and has other taxable income of $15,000. Which of the following statements is correct?
a. Lana has $10 of long-term capital loss.
b. Lana has $190 of long-term capital gain.
c. Lana has no capital gain or loss.
d. Lana has $190 of long-term capital loss.
Answers
Answer:
c. No more than $15,000 of Satesh's taxable income is taxed at 0%.
Explanation:
Calculation to determine the statements that is correct
First step is to calculate the net long-term capital gain
Net long-term capital gain= ($13,000 0%/15%/20% Long-term capital gain - $5,000 Short-term capital loss)
Net long-term capital gain=$8,000
Now let add the amount of $7,000 which represent qualified dividend income to the 0%/15%/20% net long-term capital gain of the amount of $8,000 which will inturn will give us the amount of $15,000 which therefore means that the amount of $15,000 will be eligible for the 0%/15%/20% ALTERNATIVE TAX RATE.
Therefore the statements that is correct will be:
NO MORE THAN $15,000 of SATESH'S TAXABLE INCOME IS TAXED AT 0%.
MAKARO SUPERSTORE TRIAL BALANCE 31 December, 2022 Capital 30000$ Plant and Machinery 50,000$ Debtors 200,000$ Creditors 100,000$ Loan 95,000$ Interest on Loan 3,000$ Cash 20,000$ Provision for Doubtful Debts 7,000$ Stock on 1st April, 2017 68,000$ Motor Vehicles 100,000$ Bank 35,000$ Land and Building 120,000$ Bad Debts 5,000$ Purchases 660,000$ Sales 1,100,000$ Purchases Return 15,000$ Sales Return 80,000$ Transportation Out Carriage Outwards 25,000$ Transportation In Carriage Inwards 30,000$ Salaries 90,000$ Rent and Insurance 30,000$ Advertising 35,000$ Discount Received 5,000$ General Expenses 34,000$ Bills Receivable 60,000$ Bills Payable 20,000$ Rent Received 3,000$
Answers
To prepare the Makara store balance sheet, we will categorize the items into their respective asset, liability, and equity categories.
MAKARO SUPERSTORE Balance Sheet As of 31 December, 2022Assets:
Plant and Machinery: $50,000
Debtors: $200,000
Cash: $20,000
Stock: $68,000
Motor Vehicles: $100,000
Bank: $35,000
Land and Building: $120,000
Bills Receivable: $60,000
Total Assets: $653,000
Liabilities:
Creditors: $100,000
Loan: $95,000
Interest on Loan: $3,000
Provision for Doubtful Debts: $7,000
Bills Payable: $20,000
Total Liabilities: $225,000
Equity:
Capital: $30,000
Total Equity: $30,000
Total Liabilities and Equity: $653,000
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Horizontal analysis of income statement
2012
For 2012, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following
condensed comparative income statement:
McDade Company
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 2041
2011
Sales
$ 16,800,000 $ 15,000,000
Cost of goods sold
(11,500,000) (10,000,000)
Gross profit
$5,300,000 $5,000,000
Selling expenses
$ (1,770,000) $ (1,500,000)
Administrative expenses
(1,220,000) (1,000,000)
Total operating expenses
$ (2,990,000) $ (2,500,000)
Operating income
$ 2,310,000 $ 2,500,000
Other revenue
256,950
225,000
Income before income tax expense
$ 2,566,950 $ 2,725,000
Income tax expense
(1,413,000) (1,500,000)
Net income
$1,153,950 $1,225,000
1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 2011 as the base year. Round percentages to one
decimal place. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
McDade Company
What’s the difference
Answers
Answer:
McDade Company
Comparative Income Statement
For the Years Ended December 31, 2012 and 2011
2012 2011 Change %
Sales $16,800,000 $15,000,000 $1,800,000 12%
COGS ($11,500,000) ($10,000,000) $1,500,000 15%
Gross profit $5,300,000 $5,000,000 $300,000 6%
Selling expenses ($1,770,000) ($1,500,000) $270,000 18%
Adm. expenses ($1,220,000) ($1,000,000) $220,000 22%
Operating exp. ($2,990,000) ($2,500,000) $490,000 19.6%
Operating income $2,310,000 $2,500,000 ($190,000) -7.6%
Other revenue $256,950 $225,000 $31,950 14.2%
EBT $2,566,950 $2,725,000 ($158,050) -5.8%
Income taxes ($1,413,000) ($1,500,000) ($87,000) -5.8%
Net income $1,153,950 $1,225,000 ($71,050) -5.8%
Jordan Sports Inc. has labor costs and overhead totaling $2.2 million during a given period. The company purchased $10.3 million of materials during the period and used $9.7 million of this amount. What is the amount of total manufacturing cost for the period?
Answers
If the company has labor costs and overhead totaling $2.2 million during a given period. The company purchased $10.3 million of materials during the period and used $9.7 million of this amount. The amount of total manufacturing cost for the period is: $11.9 million
How to determine the total manufacturing cost?Using this formula to find the total manufacturing cost for the period
Total manufacturing cost = Labor cost and overhead cost + Material used
Where:
Labor cost and overhead cost = $2.2 million
Material used = $9.7 million
Let plug in the formula
Total manufacturing cost = $2.2 million + $9.7 million
Total manufacturing cost = $11.9 million
Therefore we can conclude that the total manufacturing cost is the amount of $11.9 million.
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Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
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Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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