Answer:
$0.5 per box
Explanation:
From CVP analysis,
The break-even point = Fixed cost/contribution margin per unit
For Fiona
Break-even point =$120 boxes, fixed costs = $300
Contribution margin per init = selling price - variable costs
selling price =$5: variable costs, cookies cost $2 per box, and chocolate chips
therefore
120 = $300/ Contribution margin per unit
$120 = $300/ CM
CM = $300/$120
CM = $2.5
Contribution margin = selling price - variable costs
$2.5 = $5- cookies - chocolate chips
$2.5 =$5 - $2- chocolate chips
$2.5 -$3-chocolate
chocolate chips = $3-$2.5
=$0.5 per box
Answer:
Explanation:
I believe it is 27.6 ounces
Subjective Questions
1. Why are professional roles important in ethics?
2. What is a strongly differentiated profession? Give examples.
3. Why some professions are not strongly differentiated? Give examples.
4. "The role of computer professional is not strongly differentiated.' Why?
Please need help in my question
Answer:
2.look at explanation.
Explanation:
2.Profession refers to type of a job that needs special training or skill after getting certain knowledge related to particular Sector
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales $ 1,500,000 Variable expenses 655,500 Contribution margin 844,500 Fixed expenses 929,000 Net operating income (loss) $ (84,500) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division East Central West Sales $ 350,000 $ 620,000 $ 530,000 Variable expenses as a percentage of sales 44 % 39 % 49 % Traceable fixed expenses $ 294,000 $ 329,000 $ 196,000 Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $29,000 based on the belief that it would increase that division's sales by 14%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented
Answer:
Wingate Company
1. Contribution format income statement segmented by divisions:
Company East Central West
Sales $ 1,500,000 $350,000 $620,000 $530,000
Variable expenses 655,500 154,000 241,800 259,700
Contribution margin 844,500 $196,000 $378,200 $270,300
Traceable fixed expenses 819,000 294,000 329,000 196,000
Non-traceable fixed expenses 110,000
Net operating income (loss) $ (84,500) $(98,000) $49,200 $74,300
2. Decrease in net operating loss = $45,200
Explanation:
a) Data and Calculations:
Wingate's most recent monthly contribution format income statement:
Sales $ 1,500,000
Variable expenses 655,500
Contribution margin 844,500
Fixed expenses 929,000
Net operating income (loss) $ (84,500)
Additional data:
Division East Central West
Sales $ 350,000 $ 620,000 $ 530,000
Variable expenses as
a percentage of sales 44 % 39 % 49 %
Traceable fixed expenses $ 294,000 $ 329,000 $ 196,000
Implementation of the proposal:
Sales for West = $604,200 ($530,000 * 1.14)
Traceable fixed expenses for West = $225,000 ($196,000 + 29,000)
Contribution format income statement segmented by divisions:
Company East Central West
Sales $ 1,574,200 $350,000 $620,000 $604,200
Variable expenses 655,500 154,000 241,800 259,700
Contribution margin 918,700 $196,000 $378,200 $344,500
Traceable fixed expenses 848,000 294,000 329,000 225,000
Non-traceable fixed expenses 110,000
Net operating income (loss) $ (39,300) $(98,000) $49,200 $119,500
Decrease in net operating loss = $45,200 ($84,500 - 39,300)
To be considered of high quality, a product must: Select one: a. meet high specifications b. meet customers' stated expectations c. meet customers' stated and unstated expectations d. meet safety standards
Answer:
D
Explanation:
meet safety standards
5. Refer to the original data. By automating, the company could reduce variable expenses by $3 per unit. However, fixed expenses would increase by $56,000 each month.a. Compute the new CM ratio and the new break-even point in unit sales and dollar sales.b. Assume that the company expects to sell 20,500 units next month. Prepare two contribution format income statements, one assuming that operations are not automated and one assuming that they are. (Show data on a per unit and percentage basis, as well as in total, for each alternative.)c. Would you recommend that the company automate its operations (Assuming that the company expects to sell 20,500)
Answer:
Question is solved in detail in the explanation section.
Explanation:
Note: Original data is missing in this question, but I have found that data somewhere on the internet and will be using that to solve this question. I will be using the missing data. Will solve this question for the sack of understanding the concept. So we have to neglect the data in this question and use the one that I have found. Thank you for your understanding.
Solution:
Data given:
CM Ratio = [tex]Value of Price - \frac{\frac{value of Variable expense}{value of sales} - Value of decreasing variable expense }{value of price}[/tex]
Value of Price = $30 per unit
Value of Variable Expense = $409500
Value of decreasing variable expense = $3
Value of Sales = $19500
Now, we have all the values to solve for CM Ratio, so just plugging in the values we get:
CM Ratio = [tex]30 - \frac{\frac{409500}{19500} - 3 }{30}[/tex]
CM Ratio = 0.40
CM Ratio = 40%
Now, in order to find out the value of break even sales, we need:
Value of fixed expense
CM Ratio that we just calculated.
From the original data:
value of fixed expense = $180000
It is given that,
value of fixed expense would increase by $72000 each month.
So the new fixed expense would be = $180000 + $72000
Value of Fixed expense = 252000
So, the break even sales value will be:
Break Even Sales = Value of Fixed Expense/ CM Ratio
CM Ratio = 40%
Break Even Sales Value = $252000/0.40
Break Even Sales Value = $630000
Now, for Break even sales unit, formula is:
Break even sales unit = Value of Fixed Expense/ CM Ratio x Price of a Unit
Break even sales unit = 252000/40% x 30
Break even sales unit = 21000
b) Contribution Format income statement:
Contribution income statement is attached in the attachment below.
Refer to the attachment.
c)
Recommendation:
Well, according to the original data through which this question has solve, we would recommend the company to go for non-automated operations because:
1. Automated operations have higher contribution margin.
2. The Fixed cost of automated operations is greater than the non-automated operations.
3. Additionally, the automated operations have greater break even sales, which is a risk. If company reaches a break even sales of the values equal to the break even sales values of the non-automated operations then, company will definitely bear loss.
Hence, it is recommended that company should not go for automation of its operation.
Note: As this question lacks original data, so we couldn't solve the question according to the sub-data that is given in this question. So, I have solved it using the original data as a whole. Now, using the same concept, you can solve such type of questions no matter what the data is.
Thank you for your understanding.
Avon was known as the company that sold cosmetics door-to-door for a long time. In order to grow and reach new markets it began to sell jewelry through its door-to-door sales force. This involved marketing new products through existing channels of distribution. It also is now selling its products by mail order and has opened retail stores. Avon is an example of a company effectively using which strategy?
Answer:
diversification strategy
Explanation:
In Business, diversification strategy refers to the strategy that company implemented in order to enter more than one markets in their overall operation.
Diversification strategy can be done by creating different varieties of products. This will help the company obtain new batch of costumers with different taste/preference who cannot be obtained with their old products.
On top of that, diversification also can be done by selling the products in different methods. This usually made to target different customers who have their own preference in shopping's. For example, if a company is used to sell most of their products through store, opening an online store would be one good example of divarication through different selling methods.
All of the following are required resources for differentiation except: Strong marketing capability. Corporate reputation for quality. Product engineering. Intense supervision of labor.
Answer:
For comprehension purpose, I would attach options to the question:
All of the following are required resources for differentiation except:
A. Strong marketing capability B. Corporate reputation for quality. C. Product engineering. D. Intense supervision of labor.
The correct answer is Option D (Intense supervision of labor)
Explanation:
The differentiation asked in the question above is product differentiation.
Product differentiation, in Economics, talks about the efficient way a producer or seller of a product makes it unique in the market thereby creating an edge between the product and other similar ones or other products.
So, strong marketing capability exposes the strength and uniqueness of the product to prospective buyers which in turn brings sales.
Corporate reputation and product engineering are a strong boost in sales, as reputable companies and the physical appearance of a product tend to get easy acceptance in the market. While Intense supervision of labor may increase the efficiency of production but it is not to be considered as a resource for differentiation.
how can good boilerplate tersm and conditions of contract still fail to protect an orgnaization against some risk
Answer:
A boilerplate terms and conditions of contract are used for efficiency and to increase standardization in the contract’s structure and language. These are important to address a range of things such as what happens if a document is declared unenforceable, how disputes will be resolved between two parties and, which laws govern the contract, etc. The purpose of boilerplate’s terms and conditions is to protect the interest of all parties that sign the contract.
Boilerplate terms and conditions hold the company in good stead most of the times. But different companies have different styles of working, different vendors and are faced with different challenges on a day-to-day basis. Based on these parameters, some level of customization is needed in the terms and conditions of the company. Moreover, the company cannot control the external factors and they are the major sources of risk. Because of the high volatility of external factors, companies following boilerplate terms and conditions are risk-prone.
If good 1 is on the horizontal axis and good 2 is on the vertical axis, then an increase in the price of good 1 will not change the horizontal intercept of the budget line. True False
Answer:
False
Explanation:
If the price of good 1 increases, then the price intercept will shift to the left (decrease towards origin). The horizontal intercept shows us the total amount of goods purchased if only good 1 is purchased. E.g. if good 1 originally cost $10 and the total budget is $100, the horizontal intercept will be 10. If the price of good 1 increases to $20, the horizontal intercept will be 5.
According to the law of supply, assuming other factors are held constant: as the supply of bread increases, the price of bread will decrease. as the supply of bread increases, the price of bread will decrease. as the price of bread increases, the quantity of bread supplied will decrease. as the price of bread increases, the quantity of bread supplied will decrease. as the supply of bread increases, the price of bread will also increase. as the supply of bread increases, the price of bread will also increase. as the price of bread increases, the quantity of bread supplied will increase.
Answer:
as the price of bread increases, the quantity of bread supplied will increase.
Explanation:
The law of supply shows the positive relationship between the price and the quantity supplied keeping all other factors constant. that means if the price of one good is increased so the quantity supplied of that good also increased
So as per the given situation if the price of bread rises so the quantity of bread supplied also rises
Therefore the last option is correct
2. Simple versus compound interest Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume that fixed interest rates are used throughout this question. Isabella deposited $1,400 in a savings account at her bank. Her account will earn an annual simple interest rate of 6.6%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 13 years? $3,213.45 $192.40 $1,498.50 $2,601.20 Now, assume that Isabella’s savings institution modifies the terms of her account and agrees to pay 6.6% in compound interest on her $1,400 balance. All other things being equal, how much money will Isabella have in her account in 13 years? $1,492.40 $3,213.45 $2,601.20 $212.09 Suppose Isabella had deposited another $1,400 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 6.6% but with quarterly compounding. Keeping everything else constant, how much money will Isabella have in her account at this bank in 13 years? $230.69 $192.40 $1,494.71 $3,278.78
Answer:
1. c. 2601.2
2. b. $3213.45
3. d. $3278.78
Explanation:
1. Simple Interest = Principal * Interest * Term
Simple Interest = $1400*0.066*13
Simple Interest = $1,201.2
Amount after 13 years = $1,400 + $1,201.2
Amount after 13 years = $2,601.2
2. Amount after 13 years = P(1+r)^n
= $1,400*(1+0.066)^13
= $1,400*(1.066)^13
= $1,400*2.29532222032
= $3213.451108448
= $3213.45
3. Amount after 13 years = P(1+r/n)^n*t
= $1,400*(1+0.066/4)^13*4
= $1,400*(1+0.0165)^52
= $1,400*(1.0165)^52
= $1,400*2.34198395106
= $3278.777531484
= $3278.78
Why is a bank more likely to offer you credit if you have a cosigner?
Answer:
Because a cosigner is another person who is also responsible for ensuring the loan is paid.
Explanation: A cosigner is a person who is signing on to the loan and by doing so, they are jointly taking on responsibility for repayment of the loan. So basically loan repayment is being guaranteed by the person taking out the loan and the cosigner.
Jorge and Anita, married taxpayers, earn $150,000 in taxable income. Using the 2019 U.S. tax rate schedule for married filing jointly, how much federal tax will they owe_______
Answer:
the federal tax owed is $24,717
Explanation:
The computation of the federal tax owed is shown below:
Given that
Taxable income= $150,000
The status is married and filed jointly
Now the federal tax is
= $9,086 + 22% of ($150,000 - $78,950)
= $9,086 + 22% of $71,050
= $9,086 + $15,631
= $24,717
Hence, the federal tax owed is $24,717
The same is to be considered and relevant
If a county government decided to build parks, then the money and resources would not be available for additional fire fighters. This is an example of: misallocation of resources. misallocation of resources. opportunity cost. opportunity cost. production. production. zero-based budgeting.
Answer:
a. Misallocation of resources
Explanation:
Misallocation of resources implies that assets are not put to their best, best, or proficient use. The utilization of the term misallocation in financial matters is that market analysts recognize two kinds of efficiencies: productive and allocative. The productive alludes to the (effective) utilization of assets to deliver given merchandise and ventures. The allocative alludes to which merchandise and enterprises ought to be created, and who ought to get the opportunity to devour them. Financial matters are generally worried about allocative thought of productivity.
You prepared a one-page activity report for your supervisor to read while she is traveling. What would be the best way to distribute it to her?
A. Attach it to an email message.
B. Post it on a file-sharing site your team uses for shared documents.
C. Post it on your company's website.
D. Print it and mail it to your supervisor.
Answer:
A
Explanation:
I'm just guessing on what seems the most appropriate, polite and sensible.
In the EFQM Excellence Model, the first step of assessing results is to: Select one: a. look at their performance b. look at their scope c. look at their measurement d. look at their relevance
Answer:
d. look at their relevance
Explanation:
The EFOM model stands for european foundation for quality management that deals in self assessing for determining the strengths and the areas in order to improve the activities of the organization
The first and foremost step for result assessment is to look to their relevance whether it is relevant or not i.e. important or not
So as per the given situation, the option d is correct
g decided to issue three-year bonds denominated in 5 million Russian rubles at par. The bonds have a coupon rate of 17 percent. If the ruble is expected to appreciate from its current level of
Answer:
Assuming that the bonds are sold at par (no discount or premium), the annual coupon payments should be:
year 1 = 850,000 rubles, equal to $27,200
year 2 = 850,000 rubles, equal to $28,900
year 3 = 850,000 rubles, equal to $29,750
plus the face value of 5,000,000 rubles equal to $175,000
The company received 5,000,000 rubles today equal to $150,000
using an excel spreadsheet:
-150,000
27,200
28,900
204,750
and the IRR function, the cost of financing is 23.39%
What happens when borrowers don't repay those loans? Who suffers?
mm
Answer:
the borrowers they get charged more
Mandatory spending refers to programs in the U.S. federal budget that
Answer:
Mandatory spending is simply all spending that does not take place through appropriations legislation. Mandatory spending includes entitlement programs, such as Social Security, Medicare, and required interest spending on the federal debt. Mandatory spending accounts for about two-thirds of all federal spending.
Explanation:
Hope it helps
Within the music industry, four companies (UMG, Sony-BMG, EMI, and Warner) control 90 percent of the music you hear. The music industry operates in a(n) _____ market structure.
Answer:
oligopoly
Explanation:
From the question we are informed about the music industry with four companies (UMG, Sony-BMG, EMI, and Warner) control 90 percent of the music you hear. In this case the music industry operates in
oligopolistic market structure. Oligopolistic market can be regarded as a market structure whereby there is small number of firms in the market and they have similar products/services to offer. In this market only few of the firms are ruling the majority of the Market, and there is little compitition.
The daily water consumption for an Ohio community is normally distributed with a mean consumption of 850,125 gallons and a standard deviation of 64,190 gallons. The community water system will experience a noticeable drop in water pressure when the daily water consumption exceeds 934,672 gallons. What is the probability of experiencing such a drop in water pressure? (Round your answer to 4 decimal places. Round Z-scores to 2 decimal places.)
Answer:
908.315
Explanation:
education empower a person
Assume the following information pertaining to Cub Company: Prime costs $195,000 Conversion costs 221,000 Direct materials used 85,000 Beginning work in process 98,000 Ending work in process 81,000 Cost of goods manufactured is calculated to be: $348,000. $289,000. $297,000. $314,000. $323,000.
Answer:
cost of goods manufactured= $323,000
Explanation:
Giving the following information:
Conversion costs 221,000
Direct materials used 85,000
Beginning work in process 98,000
Ending work in process 81,000
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP
Conversion costs= direct labor + allocated overhead
cost of goods manufactured= 98,000 + 85,000 + 221,000 - 81,000
cost of goods manufactured= $323,000
The cost of goods manufactured is $323,000. So, the correct option is E.
Work in process beginning (WIP), direct materials required, and conversion costs (direct labor and manufacturing overhead) must all be added to determine the cost of goods created. Finally, we remove the completed work in progress.
So, the information provided are:
Beginning WIP: $98,000
Direct materials used: $85,000
Conversion costs: $221,000
Ending WIP: $81,000
Cost of goods manufactured = Beginning WIP + Direct materials used + Conversion costs - Ending WIP
Cost of goods manufactured = $98,000 + $85,000 + $221,000 - $81,000
Cost of goods manufactured = $323,000
Therefore, the cost of goods manufactured is $323,000. So, the correct option is E.
Learn more about Cost, here:
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Your question is incomplete, most probably the complete question is:
Assume the following information pertaining to Cub Company: Prime costs $195,000 Conversion costs 221,000 Direct materials used 85,000 Beginning work in process 98,000 Ending work in process 81,000 Cost of goods manufactured is calculated to be:
$348,000. $289,000. $297,000. $314,000. $323,000.Outline the marketing mix of Toyota
Explanation:
Toyota's marketing mix 4ps determines that company's strategies for its product mix place or distributation marketing communications or proof emotional mix and pricing its current global sir says partly indicates Toyota's effectiveness and implementing its marketing mix
In 2008, inward FDI accounted for some 63.7 percent of gross fixed capital formation in Ireland but only 4.1 percent in Japan ( gross fixed capital formation refers to investments in fixed assets such as factories, warehouses, and retail stores). What do you think explains this difference in FDI inflows into the two countries
Answer:
This difference in FDI inflows into Ireland and Japan is accounted by the prospects of economic growth.
Explanation:
Ireland is a growing economy. Japan's economy has been shrinking for some years now. Ireland has improved its competitiveness. It is providing better open, transparent, conducive, and dependable investment environment for both foreign and domestic firms to thrive. It has eased the doing of business in the economy, provided access to imports and exports trade, and boasts of a relatively flexible labor market. These are backed by enhanced protection of intellectual property rights.
How is opportunity cost related to scarcity?
Answer:
This concept of scarcity leads to the idea of opportunity cost. The opportunity cost of an action is what you must give up when you make that choice. Another way to say this is: it is the value of the next best opportunity. Opportunity cost is a direct implication of scarcity
Explanation:
The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Units to be produced 8,000 6,500 7,000 7,500
Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hour.
Required:
Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is NOT adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,600 hours anyway. Any hours worked in excess of 2,600 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
Rordan Corporation Direct Labor Budget
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
Direct labor time per unit (hours)
Total direct labor hours needed
Regular hours
Overtime hours 0 0 0 0 0
Wages for regular hours
Overtime wages
Total direct labor cost
$0 $0 $0 $0 $0
Answer:
Rordan Corporation Direct Labor Budget
1st 2nd 3rd 4th
Quarter Quarter Quarter Quarter
Direct labor time per unit (hours) 0.35 0.35 0.35 0.35
Total direct labor hours needed 2,800 2,275 2,450 2,625
Regular hours 2,600 2,600 2,600 2,600
Overtime hours 200 0 0 25
Wages for regular hour $31,200 $31,200 $31,200 $31,200
Overtime wages 3,600 0 0 450
Total direct labor costs $34,800 $31,200 $31,200 $31,650
Explanation:
a) Data and Calculations:
Rordan Corporation
Quarterly production forecast for the upcoming fiscal year:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Units to be produced 8,000 6,500 7,000 7,500
Direct labor hours 2,800 2,275 2,450 2,625
Regular hours 2,600 2,600 2,600 2,600
Overtime hours 200 25
Wages for regular hour $31,200 $31,200 $31,200 $31,200
Overtime wages 3,600 0 0 450
Total direct labor costs $34,800 $31,200 $31,200 $31,650
Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hour.
Regular wages = $2,600 * $12 = $31,200
Overtime wages = 200 * $12 * 1.5 = $3,600
How can network effects lead the industry to become an oligopoly?
Answer:
We analyze oligopolistic competition in a multi-period dynamic setting for goods with network effects. Two or more infinitely-lived firms produce incompatible products differentiated in their inherent quality. Consumers live for a single period and receive the network effect of the previous period’ s sales.
Explanation: I did my own research
You are considering whether you should go out to dinner at a restaurant with your friend. The meal is expected to cost you $50, you typically leave a 20% tip, and a round-trip Uber ride will cost you $15. You value the restaurant meal at $30 and the time spent with your friend at $50. You should ____ to dinner with your friend because the benefit of doing so is _____ than the cost.
Answer:
Kindly check explanation
Explanation:
Expected cost = $50
Tip = 20% = (0.2 * $50) = $10
Round trip transportation = $15
Total cost = ($50 + $10 + $15) = $75
Benefit derived from going to dinner :
Value of meal = $30
Valuation of time spent = $50
Total value of benefit = ($30 + $50) = $80
Since, the benefits exceed the cost, $80 > $75
Then, You should __go__ to dinner with your friend because the benefit of doing so is __greater___ than the cost.
give example of chief operating officer
Answer: COO (Chief Operating Officer) – definition and example. ... “A Chief Operating Officer (COO) is the corporate executive who oversees ongoing business operations within the company.” “The COO reports to the CEO and is usually second-in-command within the company.”
Explanation:
Design and implement business strategies, plans and procedures.
Set comprehensive goals for performance and growth.
Establish policies that promote company culture and vision.
Oversee daily operations of the company and the work of executives (IT, Marketing, Sales, Finance etc.)
How does the analysis from the supplier position and supplier preferencing models affect how a purchasing manager plans to do business with suppliers?
Explanation:
The analysis of the supplier's position and the supplier's preference models affect how a purchasing manager plans to do business with suppliers in the sense that, through these models, purchasing managers obtain more information to analyze their preferences, that is, it is a tool that allows purchasing managers to choose the ideal supplier according to their essential criteria, it is possible to choose a supplier based on market reputation, quality, price, etc., making the supplier decision making process more aligned to the purposes and organizational goals and more effective.