wang company manufactures and sells a single product that sells for $580 per unit; variable costs are $319 per unit. annual fixed costs are $958,500. current sales volume is $4,330,000. compute the break-even point in dollars.

Answer:

1. Choose a type of company that would have sales people, and then answer the following questions about it. TIP: Choose a type of company that you would be interested in working for or starting up yourself.

a. Describe the product the company sells. (1-3 sentences. 2.0 point

b. Which needs in Maslow's hierarchy does this product appeal to? Why would customers want this product? (1-5 sentences. 3.0 points)

c. Describe the role a sales person would play in selling this type of product. How much help would customers be likely to need from the sales person? (1-3 sentences. 3.0 points)

d. What sales methods do you think would work best for selling this product? TIP: Would you sell the product online, over the phone, in a store, etc.? (1-5 sentences. 2.0 points)

e. Describe the methods you would use to pay and motivate sales people to sell this product. Would you use sales quotas or a particular type of commission structure? Why or why not? (1-5 sentences. 2.0 points)

-I would use progressive commission sales, for example:

number of units sold                sales commission

0 - 250                                           2.75%

251 - 500                                       4.50%

501 - 750                                       6.25%

751 - 1,000                                    8.75%

1,001 - 1,250                                 10.50%

-Salespeople would be inspired to sell more units in this manner because they will see a substantial rise in their profits as their sales volume increases.

f. What price do you think the company should charge for this product? Explain what factors you considered in deciding what price to charge. (1-6 sentences. 4.0 points)

g. What pricing strategies do you think would be most successful for this type of product? Describe at least one strategy that would work well for this product, and explain why you believe it would work. TIP: Pricing strategies include psychological pricing, unit pricing, product line pricing, promotional pricing, penetration pricing, and price skimming. (1-6 sentences. 4.0 points)

You pay 1.5 percent interest on your credit card each month. This indicates that the actual interest rate you pay is 19.56 percent annually.

Nowadays, the majority of credit cards have variable interest rates based on an interest rate index. Normally, this interest is compounded daily. The minimum payment is due once a month, nevertheless.

Once a month, interest is calculated. The calculated interest is added to the account balance each month at a rate of r = 1.5 percent. This suggests that the balance will grow faster than 19.56% every year. You may calculate the effective annual rate (EAR) for this card by following the formula:

EAR = \((1 + r)^{Month}-1\)

EAR = \((1+0.015)^{12} -1\)

EAR = 19.56%

The effective interest paid is 19.56% per year.

Know more about interest:

https://brainly.com/question/13324776

#SPJ4

Answer:

$211,150

Explanation:

Operating Activities

Net Income                                                            $317,500

Adjustment for :

Depreciation                                                         $100,200

Loss on Sale of equipment                                    $10,750

Changes in working capital items :

Increase in accounts receivable                         ($43,200)

Decrease in prepaid expenses                             $10,950

Increase in accounts payable                                $16,450

Decrease in wages payable                                ($13,500)

Investing Activities

Increase in equipment                                        ($80,500)

Financing Activities

Decrease in notes payable                                ($107,500)

Movement during the year                                   $211,150

therefore,

the net increase in cash for the year is $211,150

The impact of online college courses' increasingly cost-effective and efficient technology on the market for college textbooks during the past ten years has been Since there is less need for physical textbooks, many publishing businesses are finding it difficult to fill high-skilled textbook editor positions.

A Physical Book is a collection of written, printed, illustrated, or blank sheets consisting of paper, parchment, ink, or other materials that are often bound together at one side and released by ABC. In this way, reading real books helps you escape the digital world and focus on the present without being interrupted.

A physical textbook gives you the assurance that it will always be there to provide you with the knowledge you require. Reading e-books is better for the environment because there is no need for paper, so you can feel good about it while you read.

To know more about textbook, click here:-

https://brainly.com/question/26523609

#SPJ4

Socially responsible mutual funds are those whose managers have taken and passed a strict financial ethics test is true.

For those wishing to diversify their portfolios, mutual funds may be a wise purchase. Find out if mutual funds are the ideal investment for you. Mutual funds are a cheap and convenient way to diversify your investments, but whether you should invest in them depends on your particular circumstances.

The greatest mutual funds to invest in over the long term are equity funds. To achieve your long-term objectives quickly, use a growth mutual fund selection because the returns will compound over time.

To know more about Mutual Funds visit:

https://brainly.com/question/13247161

#SPJ4

Answer:

Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.

Explanation:

Hope this helpes.

Option (b), Yes, companies with risk of default tend to have a higher debt and lower equity. The average debt for companies with a risk of default is $26,712 and the average debt for companies without a risk of default is $20,381.

The average equity for companies with a risk of default is $2,580 and the average equity for companies without a risk of default is $17,609.

From the given table, we can see that the debt and equity values are given for 32 different companies. Using table-based calculations, we can find the average debt and equity for companies with and without a risk of default. The formula for calculating the average is:

Average = Sum of values / Number of values

First, let's calculate the average debt for companies with a risk of default. There are 14 companies with a risk of default.

So,

Sum of debt values for companies with a risk of default

= $16,157 + $25,000 + $10,000 + $7,373 + $10,000 + $15,000 + $15,000 + $18,000 + $20,000 + $11,000 + $28,000 + $11,000 + $10,560 + $9,250

= $216,340

Average debt for companies with a risk of default

= 216340 / 14

= $15,453 (rounded to the nearest whole number)

Next, let's calculate the average debt for companies without a risk of default. There are 18 companies without a risk of default. So,

Sum of debt values for companies without a risk of default

= $19,000 + $4,248 + $9,998 + $3,678 + $15,000 + $8,675 + $9,625 + $23,000 + $20,000 + $14,000 + $9,200 + $19,000 + $24,048 + $18,000 + $2,624 + $20,000 + $8,769 + $8,166

= $221,031

Average debt for companies without a risk of default

= 221031 / 18

= $12,279 (rounded to the nearest whole number)

Similarly, let's calculate the average equity for companies with and without a risk of default.

Average equity for companies with a risk of default

= (Sum of equity values for companies with a risk of default) / 14

= $2,580 (rounded to the nearest whole number)

Average equity for companies without a risk of default

= (Sum of equity values for companies without a risk of default) / 18

= $17,609 (rounded to the nearest whole number)

Based on the calculations, we can conclude that companies with risk of default tend to have a higher debt and lower equity. So, the answer is option B.

Learn more about risk of default: https://brainly.com/question/28235630

#SPJ11

A franchised hotel pays a franchise fee to the franchisor in exchange for a variety of benefits. These benefits include the right to use the franchisor's brand name, reservation system, and advertising materials. Additionally, franchisors often provide ongoing support and training to ensure that franchisees are successful.

Franchisees may also benefit from access to the franchisor's purchasing power and economies of scale. In some cases, franchisors may outsource certain services, such as laundry or housekeeping, to third-party providers, while in other cases, franchisees may be responsible for managing these services themselves. Ultimately, the franchise fee represents a significant investment for franchisees, but it can provide them with a range of valuable resources and support to help them grow their business over the long term.

A franchised hotel pays a franchise fee to the franchisor in exchange for brand name, reservation system, advertisement, etc. By doing this, the franchised hotel gains access to the franchisor's established brand reputation, a centralized reservation system to streamline bookings, and marketing support to reach a wider audience, ultimately increasing their business potential.

To know more about  franchise,visit:-

https://brainly.com/question/12879015

#SPJ11

A franchised hotel pays a franchise fee to the franchisor in exchange for the use of their brand name, reservation system, advertisement, and other related benefits.

The franchise fee is a one-time payment or an ongoing fee that must be paid by the hotel to the franchisor. In return, the franchisor provides the hotel with various services, including marketing, training, and support. Additionally, the franchisor may outsource certain services, such as laundry and housekeeping, to ensure the hotel meets the franchisor's standards. By paying the franchise fee, the hotel can benefit from the franchisor's expertise, reputation, and established business model, which can help increase revenue and profits. Therefore, it's essential to carefully consider the costs and benefits of a franchised hotel before making any decisions. Overall, a franchised hotel can be a profitable venture for hotel owners, but they need to weigh the pros and cons of paying a franchise fee.

To know more about franchise fee visit:

https://brainly.com/question/30671907

#SPJ11

Long/short equities have the effect of making exposure to the overall market direction small due to the nature of their strategy.

When implementing a long/short equity strategy, an investor simultaneously takes both long positions (buying undervalued securities) and short positions (selling overvalued securities). This approach aims to capture relative price movements between individual stocks rather than relying on the overall market direction.

By taking long positions in undervalued stocks and short positions in overvalued stocks, the strategy seeks to profit from the price disparities between these securities. The idea is that if the market as a whole experiences a decline, the investor's short positions (selling overvalued stocks) may generate profits, offsetting potential losses from their long positions (buying undervalued stocks). Similarly, if the market rises, the long positions may generate gains, compensating for any losses from the short positions.

Overall, by maintaining a balance between long and short positions, a long/short equity strategy attempts to reduce the dependence on the overall market direction. This allows investors to potentially generate returns based on their stock selection skills rather than relying solely on the broader market movements.

Learn more about stocks here:

https://brainly.com/question/31940696

#SPJ11

Answer:

PRICE CHANGES

Price and quantity supplied are directly related. As price goes down, the quantity supplied decreases; as the price goes up, quantity supplied increases. Price changes cause changes in quantity supplied represented by movements along the supply curve.

Answer:

6% on an investment that will return $450,000

Explanation:

Answer:

true

Explanation:

The exchange rate is the rate at which one currency is exchanged for another currency

If interest rate is higher in a country compared to other countries, investors would be interested in investing in that country because they would earn a higher return for their investment.

As a result of the higher flow of funds into the economy with the higher interest rate, the demand for the country's currency increases. If the demand increases relative to supply, the value of that currency relative to other currencies increases and its exchange rate increases. this is what is referred to as currency appreciation

Answer:

Free-market, or laissez-faire, economics and Keynesian theory.

Explanation:

The economic school of thought can largely be influenced by prevailing societal values and the historical context in which the theory is developed.

There are many factors that might influence an economic school of thought, but the two key elements are often prevailing societal values and historical context. Prevailing societal values can drastically influence an economic philosophy.

Furthermore, the historical context in which an economic thought emerges is crucial. Economists develop their theories in response to the economic challenges and realities of their time. The Great Depression deeply influenced Keynesian economics, and the stagflation of the 1970s prompted a shift towards monetarism.

Learn more about the Economic School of Thought here:

brainly.com/question/4537767

#SPJ2

Answer:

$12

Explanation:

Marginal cost may be defined as the change in the cost of production resulting from the production of one more additional unit of an item.

Hence, it is the ratio of the change in cost of production and the change in quantity produced

Marginal cost = (change in total cost / change in quantity)

The marginal cost of the last unit produced by the last worker hired is :

Hiring cost of the last worker / marginal product of the last worker

Hiring Cost per worker = $120

Marginal product of last worker = 10

Hence,

Marginal cost = $120 / 10 = $12

Answer:

Which attributes of professional and ethical conduct are Olivia and Chang demonstrating in this scenario?

Olivia keeps her work desk neat and arranges her files in alphabetical order. She’s demonstrating the professional habit of organization.

Chang provides support to his coworkers when they need to interpret the computer codes in some records. He’s demonstrating the professional habit of helpfulness.

Explanation:

The files on Olivia's desk are arranged alphabetically and she keeps her workspace tidy. She is exemplifying the professionalism of organization. When his colleagues need assistance deciphering computer codes contained in some records, Chang offers assistance. He is practicing being helpful in a professional manner.

For academic, professional, or household tasks like reading, writing, or utilizing technology like a computer, a desk or bureau is a piece of furniture having a flat table-style work surface that is used in a school, workplace, home, or places similar to these.

Desks frequently include one or more drawers, compartments, or pigeonholes where objects like office supplies and documents can be kept. Although materials like glass are occasionally encountered, desks are typically built of wood or metal.

Some desks resemble tables, but unlike most typical tables, just one side of a desk is typically acceptable for sitting at (there are notable exceptions, such as a partners desk). Some desks don't take the shape of a table; one example is an armoire desk

Learn more about work desk, from :

brainly.com/question/16976680

#SPJ3

The function of management is Sandy performing is Organising. Thus the correct option is B.

A manager is a person who oversees a project and is accountable for allocating resources, monitoring the project's development, and ensuring that it is completed on schedule in order to fulfill the organization's mission and goals.

Creating an institutional framework and assigning resources to enable the achievement of goals is a part of the management function known as organizing.

Since it makes it easier to manage and run the organization, the organization is crucial. Among other things, it entails delegating authority, allocating tasks, and categorizing those duties into department.

Therefore, option B is appropriate.

Learn more about managers, here:

brainly.com/question/29023210

#SPJ1

The missing option probably is

planning

organising

supervising

controlling

Answer:

its answer is B a withdrawal is an amount of money you take out of the bank

Based on the value of the note and the interest rate, the interest expense that would be recorded in a year-end adjusting entry will be $4,800.

The cost incurred by a business for borrowed cash is known as an interest expense. A non-operating item that appears on the income statement is interest expense. It stands for the interest due on all borrowings, including bonds, loans, convertible debt, and credit lines. In essence, it is determined by multiplying the interest rate by the debt's outstanding principal.

The interest expense can be found by the formula:

= Value of note x Interest x Number of months till end of year / Number of months in a year

The interest expense that would be recorded in the year-end adjusting entry is:

= 160,000 x  6% x 6/12

= $4,800

To know more about interest expense refer:

https://brainly.com/question/28427118

#SPJ4

Answer:

Price ceilings are enacted in an attempt to keep prices low for those who demand the product—be it housing, prescription drugs, or auto insurance. But when the market price is not allowed to rise to the equilibrium level, quantity demanded exceeds quantity supplied, and thus a shortage occurs.

The Bessemer process was a method for producing steel on a large scale, invented by Henry Bessemer in the mid-19th century.

The Bessemer process involved blowing air through molten iron, removing impurities and creating a stronger, more malleable product. The Bessemer process led to the creation of a steel industry that could produce large quantities of steel cheaply and quickly, revolutionizing manufacturing, construction, and transportation. Andrew Carnegie's company, Carnegie Steel, quickly dominated the industry, using vertical integration to control every aspect of the steel-making process, from mining to transportation to production.

This led to a monopoly in the steel industry, where Carnegie controlled the market and drove out competition through aggressive pricing and business tactics.

To learn more about Bessemer process, visit here

https://brainly.com/question/20818749

#SPJ4

Answer with Explanation:

It depends upon the college or university you choose. If you are choosing a foreign college or university then following are the possible minimal pre-requisites:

The new breakeven point in units is 5,200 units.

To calculate the new breakeven point in units, we need to consider the changes in the contribution margin and fixed costs due to the new technology.

The original contribution margin per unit is $6, and the selling price is $40. This means that the variable costs per unit (costs directly associated with production) can be calculated as $40 - $6 = $34.

The original fixed costs are given as $30,000. However, with the new technology, the fixed costs increase by $23,040, making the new total fixed costs $30,000 + $23,040 = $53,040.

The new contribution margin per unit is increased by 70%, which means it becomes $6 + ($6 * 0.70) = $6 + $4.20 = $10.20.

To calculate the new breakeven point, we divide the total fixed costs by the contribution margin per unit:

New Breakeven Point = Total Fixed Costs / Contribution Margin per Unit

New Breakeven Point = $53,040 / $10.20 ≈ 5,200 units.

Learn more about breakeven point

brainly.com/question/27106216

#SPJ11

We have that, the first year depreciation expense for the trencher using the double declining balance (DDB) method is $112,000.

This is calculated by taking the initial cost, subtracting the salvage value, and applying the double depreciation rate:

1. Determine Initial Cost and Salvage Value:

     - Initial cost: $280,000

     - Salvage value: $40,000

2. Calculate the depreciable cost:

     - Depreciable cost = Initial cost - Salvage value

     - Depreciable cost = $280,000 - $40,000

     - Depreciable cost = $240,000

3. Calculate the straight-line depreciation rate:

     - The machine is expected to last 5 years.

     - Linear depreciation rate = 1 / Useful life

     - Linear depreciation rate = 1 / 5

     - Straight line depreciation rate = 0.2 (or 20%)

4. Calculate the double depreciation rate:

     - Double depreciation rate = Linear depreciation rate × 2

     - Double depreciation rate = 0.2 × 2

     - Double depreciation rate = 0.4 (or 40%)

5. Calculate the first year's depreciation expense:

     - First Year Depreciation Expense = Depreciable Cost × Double Depreciation Rate

     - First year depreciation expense = $240,000 × 0.4

     - First year depreciation expense = $112,000

Therefore, the first year depreciation expense for the trencher using the DDB method is $112,000.

See more information on depreciation expense at: https://brainly.com/question/25530648

#SPJ11

Answer:

Oligopoly.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

1. Mutual interdependence between the firms.

2. Market control by many small firms.

3. Difficult entry to new firms.

According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.

Answer:

False

Explanation:

A financial statement can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

Generally, financial statements are issued to recipients on a monthly basis.

A credit report can be defined as a financial document that comprises of detailed information about a person's credit history or activities with respect to borrowed money (loans). It is usually prepared by a credit bureau.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender.

In conclusion, credit reports are issued to a customer on request and at any given time, so he or she knows how much money to pay toward your credit card bill.

The the price elasticity of demand when the price is $7 per unit could be 1.7.

The relationship between the percentage change in a product's quantity demanded and the percentage change in price is known as price elasticity of demand. It helps economists comprehend how supply and demand shift in response to changes in a product's price.

Demand Price Elasticity = % Change in Demanded Quantity / % Change in Price For instance, the price elasticity of demand would be 1.5 if the quantity sought for a product increased 15% in response to a 10% price decrease.

By dividing the percentage change in quantity required by the percentage change in price, the price elasticity of demand is determined. Demand is regarded as elastic if the quotient is larger than or equal to one. Demand is regarded as being inelastic if the value is less than one.

The four variables that influence price elasticity of demand are:

Learn more about price elasticity, here

https://brainly.com/question/28483528

#SPJ1

Answer:

Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers

Explanation:

Consumer fraud not only affects individuals directly but also has broader implications that impact everyone in various ways.

Consumer fraud affects everyone by undermining trust and confidence in the marketplace. When fraudulent activities occur, it erodes the trust that consumers have in businesses, products, and services. This loss of trust can have a domino effect, leading to decreased consumer spending, reluctance to engage in transactions, and overall economic instability. Moreover, consumer fraud often necessitates regulatory interventions and legal actions, diverting resources and attention away from other important societal issues.

Additionally, consumer fraud can result in higher costs for goods and services. When businesses incur losses due to fraud, they may attempt to recoup those losses by increasing prices, which ultimately affects all consumers. Furthermore, the costs associated with investigating and prosecuting consumer fraud cases are often passed on to the public through taxes and fees.

Moreover, consumer fraud can have broader societal implications. It can contribute to social inequalities as vulnerable populations, such as the elderly or low-income individuals, are disproportionately targeted and suffer greater financial losses. It also strains resources within law enforcement agencies, consumer protection organizations, and the legal system, as they work to address and prevent fraudulent activities.

In summary, consumer fraud affects everyone by eroding trust, leading to economic repercussions, increasing costs, and diverting resources. It highlights the need for robust consumer protection measures, enforcement efforts, and public awareness to mitigate the impact of fraud on individuals and society as a whole.

Learn more about Consumer fraud here:

https://brainly.com/question/29830491

#SPJ11

Creating barriers to trade can lead to Other countries will retaliate by creating their own barriers to trade problem.

Governments erect trade barriers to control foreign trade and safeguard domestic industries. Implementing trade barriers is done for a variety of reasons, including: 1. Protecting domestic industries: To shield their domestic industries from foreign competition, governments may impose trade barriers. Subsidies, quotas, or tariffs can all be used to achieve this. 2. National security: Trade restrictions may be put in place for the protection of the nation, such as by limiting the export of materials or sensitive technology that could be used for military purposes. 3. Environmental issues: To protect the environment, governments may impose trade restrictions on imports of products that do not adhere to certain environmental standards. 4. Anti-dumping measures: To stop businesses from flooding the market with their products at below-market prices, governments may impose tariffs or quotas.

To Know more about Trade problems Visit:

brainly.com/question/28489704

#SPJ1