Let A = Sales Amount
Basic income (B) = 1600
Rate (R) = 4%
Commission (C) = 4*A/100
Total monthly income (T) = 2487.84
T = B + C
T = B + 4A/100
2487.84 = 1600 + 4A/100
2487.84 - 1600 = 4A/100
887.84 = 4A/100
(887.84)/4 = A/100
A= (221.96)*100
A= 22196
So, the sales amount was $22.196, which is the answer.
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Hey guys! please help me with this questions.
1. What is Business? Explain the objective of business.
2. Explain social responsibility of business
3. Explain various form of business organizations
Answer:
1.Business objectives are the specific and measurable results companies hope to maintain as their organization grows. Entrepreneurs and business leaders must track performance in every part of their business to make sure they're moving in the right direction
Explanation:
6. Consider an economy described by the following equations:
Y = C + I + G
Y = 5,000 G = 1,000 T = 1,000
C = 250 + 0.75(Y − T) I = 1,000 − 50 r.
a. In this economy, compute private saving, public saving, and national saving.
b. Find the equilibrium interest rate.
c. Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving.
d. Find the new equilibrium interest rate.
Answer:
(a) Private saving = Y-T-C
Private saving = 5000-1000-250-0.75(5000-1000)
Private saving = 750
Public saving = T - G
Public saving = 1000-1000
Public saving = 0
National saving = S = private saving+ public saving
National saving = 750
(B) Equilibrium interest rate = S + I
750 = 1000 - 50r
-50r = 750 - 1000
-50r = -250
50r = 250
r = 250/50
r = 5%
(c) Private saving is unchanged
Public saving = 1000 - 1250
Public saving = - 250
(d) The new equilibrium interest rate
750 (-250) = 1000-50r
500 = 1000 - 50r
- 50r = 500 - 1000
- 50r = -500
-50r = 500
r = 500/50
r = 10%
Zhang Industries budgets production of 220 units in June and 230 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate is $12.40 per hour. The indirect labor rate is $19.40 per hour. Compute the budgeted direct labor cost for July.
Answer:
Budgeted direct labor cost for July = $4,278
Explanation:
Given:
Production in July = 230 units
Hours of direct labor = 1.5 hours per unit
Direct Labor rate = $12.40 per hour
Indirect labor rate = $19.40 per hour.
Find:
Budgeted direct labor cost for July
Computation:
Budgeted direct labor cost for July = (Production in July)( Hours of direct labor)( Direct Labor rate)
Budgeted direct labor cost for July = (230)(1.5)(12.4)
Budgeted direct labor cost for July = $4,278
What is the purpose of the statement of cost of goods manufactured?
In a single-period model, if shortage cost is four times excess cost, then the optimum service level is ___%.
A) 0.B) .33.C) .50.D) .67.E) .75.
Answer: 80% = 0.8
Explanation:
The following can be gotten from the question:
Cu = Shortage cost
Co = Excess cost
Since the shortage cost is four times excess cost. This will be:
Cu = 4 × Co
Cu = 4Co
Therefore, Co = 1/4Cu = 0.25Cu
The optimum service level will then be calculated as:
= Cu / (Cu + Co)
= Cu / Cu + 0.25Cu
= Cu / 1.25Cu
= 1/1.25
= 80%
= 0.8
Employee ExemptionsIdentify each job as generally being considered exempt or not from minimum wage or overtime pay (write a or b before each job type).a. Exemptb. Nonexempt_____ 6. Auto mechanic_____ 7. Fruit picker_____ 8. Worker on a foreign-flag cruise ship_____ 9. Librarian_____ 10. Taxi driver_____ 11. Real estate agent_____ 12. Bellperson at a hotel_____ 13. Computer programmer (paid more than $27.63 per hour)_____ 14. Hairdresser_____ 15. Bank teller
Answer:
certain jobs are excluded from minimum wage or overtime requirements. E.g. generally white collar jobs are exempt. Exemptions include other types of jobs, especially temporary jobs.
__B___ 6. Auto mechanic
___A__ 7. Fruit picker ⇒ seasonal job
__A___ 8. Worker on a foreign-flag cruise ship ⇒ they are not employed by an American company
__B___ 9. Librarian
__A___ 10. Taxi driver ⇒ earn sales commissions
__A___ 11. Real estate agent ⇒ earn sales commissions
__B___ 12. Bellperson at a hotel ⇒ They are not exempt, but their minimum wage is much lower.
__A___ 13. Computer programmer (paid more than $27.63 per hour)
__A or B___ 14. Hairdresser ⇒ depends if they are paid based on sales commission or not, or if they receive tips. Hairdressers that receive commissions are exempt, and those who receive tips have a lower minimum wage. Only hairdressers that are paid on an hourly rate and do not receive commissions or tips must be paid a minimum wage. This applies generally to apprentices.
__B___ 15. Bank teller
Suppose the spot exchange rate for the Canadian dollar is Can$1.12 and the six-month forward rate is Can$1.14.
A. Which is worth more, a U.S. dollar or a Canadian dollar?
B. Assuming absolute PPP holds, what is the cost in the United States of an Elkhead beer if the price in Canada is Can$2.85?
C. Is the U.S. dollar selling at a premium or a discount relative to the Canadian dollar?D. Which currency is expected to appreciate in value?E. Which country do you think has higher interest rates - the United States or Canada?
Answer:
Explanation:
Given that:
a)
1$ = Can $1.12
It takes a value of 1 U.S dollar to have 1.12 Canadian dollars. This signifies that the U.S dollar is worth more than Canadian dollars.
b)
Assuming that the absolute Purchasing Power Parity PPP holds,
Since 1$ = Can $1.12, the cost in the United States of an Elkhead beer, if the price in Canada is Can$2.85 can be determined to be:
= [tex]\dfrac{2.85}{1.12}[/tex]
= $2.545
c)
Yes, the U.S. dollar is selling at a premium relative to the Canadian dollar.
This is because we are being told that the spot exchange rate for the Canadian dollar is Can $1.12 & in six (6) months time the forward rate will be Can $1.14.
d)
The U.S dollar is expected to appreciate in value because it is trading at a premium in the forward market.
e)
Canada has higher interest rates. This determined by using the formula:
= [tex]\dfrac{(\dfrac{Fwd}{Spot }-1)}{n}[/tex]
where; n= numbers of years = 6 month/12 month = 0.5 year
Then;
[tex]=\dfrac{(\dfrac{1.14}{1.12 }-1)}{0.5}[/tex]
[tex]= \dfrac{(1.0178-1)}{0.5}[/tex]
[tex]= \dfrac{(0.0178)}{0.5}[/tex]
= 0.0356
= 3.56%
The Blue Star has sales of $387,000, costs of goods sold of $259,000, average accounts receivable of $9,800, and average accounts payable of $12,600. How long does it take for the firm's credit customers to pay for their purchases
Answer:
9.24 days
Explanation:
Calculation for How long does it take for the firm's credit customers to pay for their purchases
First step is to calculate Receivables turnover
Using this formula
Receivables turnover=Sales/Average accounts receivable
Let plug in the formula
Receivables turnover = $387,000/$9,800
Receivables turnover= 39.48979592
Last step is to calculate the Receivables period using this formula
Receivables period = Numbers of days in a year/Receivables turnover
Let plug in the formula
Receivables period = 365 days/39.48979592
Receivables period = 9.24 days
Therefore How long does it take for the firm's credit customers to pay for their purchases is 9.24 days
It's important to learn about customs and other aspects of different cultures, but it is not culturally competent to do what with that information?
Question 4 options:
ask thoughtful questions about another culture
adapt your communication style to another person's culture
respect those aspects of another person's culture
apply those aspects to everyone in a culture
Question 5 (1 point)
It's important to learn about customs and other aspects of different cultures, but it is not culturally competent to apply those aspects to everyone in a culture. Thus the correct option is D.
What is Culture?Culture represents the customs, beliefs, traditions, rituals, moral values, and religions of an individual or community bought from their ancestors aimed to preserve their existence for future generations.
When an individual learns about another culture and gains information is important with the objective of knowledge sharing but it is not culturally competent to apply those aspects to everyone in culture as everyone is free to choose their cultural values.
This will be a sounding force by applying the new cultural elements to everyone.
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Why would you want to limit your borrowing when making economic decisions ?
Answer:
so they can end up spending less on interest payments and credit card fees.
Explanation:
Do you think we should have to pay more or less taxes?
Who pays more taxes, the wealthy, middle-class, or those in poverty? Do they pay different types of taxes, or more taxes than others?
What are “Tax Loopholes” & who tends to benefit from them?
Paying tax is a relative thing .If government is utlizing the collected tax in proper ways and investing it in development arena,its good to pay the taxes because it ultimately will benifit us but paying more tax for government with weak development strategies and slow implementation that too with corruption its worthless of paying tax. 2. Middle class pays the hightest tax but the wealthy one pays low taxes because they wonderfully uses the tax loopholes inorder to pay less tax..Acutally paying less tax makes wealthy more wealthier but middle class who pay more tax cannot jump from middle class to high class because most of their income is deducted through tax
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $9,700 will be accepted. Assume that the competitor's bid is a random variable that is uniformly distributed between $9,700 and $14,700.
Supposing we bid $12,000 and $14,000 on the piece of land, the probability that the bid will be accepted is 0.46 and 0.86 respectively.
What is a probability?As a branch of mathematics, a probability is mostly concerned with the analysis of random phenomena, that is, it is based of the idea that the outcome of a random event cannot be determined before it occurs but it may be any one of several possible outcomes.
Given data
Highest bid in excess of $9,700 will be accepted.
Competitor's bid between $9,700 and $14,700.
Probability that your bid will be accepted:
= (12000 - 9700) / (14700 - 9700)
= 0.46
Probability that your bid will be rejected
= (14000 - 9700)/(14700 - 9700)
= 0.86
Missing words "Suppose you bid $12,000. What is the probability that your bid will be accepted and Suppose you bid $14,000. What is the probability that your bid will be accepted"
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10. How is net profit computed?
Net profit is computed by adding all sales income.
Net profit is computed by producing goods.
Net profit is computed by subtracting expenses from sales income.
Net profit is computed by adding all expenses.
Answer:
2 doe sure have a good day
A measure of the outcome of a decision such as profit, cost, or time is known as a _____. a. forecasting index b. payoff c. branch d. regret
Answer:
b. payoff
Explanation:
In the context of business, this measurement is known as a payoff. In other words, it refers to whatever is obtained as a final result from a specific outcome generated after making specific decisions. Every business decisions revolve around what the potential payoffs will be in order to decide whether or not they will be worth making and if the benefits outweigh the negative aspects.
Which of the following are different types of low risk bonds discussed in the presentations? (Select all that are correct.)
Group of answer choices
High Yield Bonds
Callable, Speculative Grade, and Municipal Bonds
Corporate bonds--form of borrowing by a corporation, interest is subject to taxes.
Government bonds--issued by US Treasury, low risk, and no state or local taxes on the income.
This case discusses the case of India and the potential impact of the new government's reforms on the future of India. The case discusses some of the factors that have prevented India from growing faster while also emphasizing the need for reforms. Answer the following questions:
1. What are some of the factors that show that India has lots of promise to shine among the emerging market economies?
2. What are some of the factors that are preventing India from achieving its full potential?
3. Why was China able to achieve such economic growth more easily than India?
4. What are some of the tough reforms that India has to go through in order to succeed?
Some of the factors that show that India has lots of promise to shine among the emerging market economies are;
India's substantial manufacturing growth, business-friendly reforms, infrastructure development, and political stability make the country the most notable developing market for investors to invest in.What are some of the factors that are preventing India from achieving its full potential?India would not be able to grow its economy or develop sustainably until gender and economic disparity are reduced. According to a recent United Nations Development Fund assessment, India trails behind several of its South Asian neighbors on the human development index (HDI), mostly due to inequities.
Why was China able to achieve such economic growth more easily than India?While economic reforms may account for some of the differences, China outpaced India because:
(1) the economy was privatized sooner;
(2) prices were released sooner;
(3) the labor market underwent much deeper reforms; and
(4) the economy was opened up to international trade and foreign direct investment (FDI) sooner.
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Help please! this is a business class! I am using plato <3
He can adjust the salary in order to reduce costs.
HelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelpHelp
Answer:
okokokokokokokokokokokookokokokokokokok
Answer:
Idkidkidkidkidkidkidk
Explanation:
The Motor Works is considering an expansion project with estimated fixed costs of $127,000, depreciation of $16,900, variable costs per unit of $41.08, and an estimated sales price of $79.90 per unit. How many units must the firm sell to break even on a cash basis
Answer:
Break-even point in units= 3,271
Explanation:
Giving the following information:
estimated fixed costs of $127,000
variable costs per unit of $41.08
Selling price of $79.90 per unit.
Because it is requiring the cash break-even point, we will not take into account the depreciation expense.
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 127,000 / (79.9 - 41.08)
Break-even point in units= 3,271
A machine with a cost of $162,000, current year depreciation expense of $25,000 and accumulated depreciation of $101,000 is sold for $52,800 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:___________.
a. 25000
b. 5280
c. 77800
d. 16200
e. 33200
Answer:
Amount reported in operating activities = $33,200
Explanation:
Given:
Cost of machine = $162,000
Accumulated depreciation = $101,000
Sales price = $52,800
Current year depreciation = $25,000
Computation:
Particular Amount
Cost of machine $162,000
Less: Accumulated depreciation $101,000
Book value of machine $61,000
Loss on sale[$61,000-$52,800 ] $8200
Amount reported in operating activities = Current year depreciation + Loss on sale
Amount reported in operating activities = $25,000 + $8200
Amount reported in operating activities = $33,200
County Medical Center received unrestricted contributions of $22,000. The hospital used the contributions to support general services. These contributions would be reported on the statement of cash flows as
Answer:
County Medical Center
These unrestricted contributions of $22,000 used to support general services would be reported on the statement of cash flows as:
cash from operating activities.
Explanation:
Unrestricted contributions received by the County Medical Center are funds or other assets given to the Center with no restriction on their use. Unrestricted contributions are usually directed at the funding of operational expenses, as the County Medical Center demonstrated. Therefore, they are listed under operating activities in the Statement of Cash Flows.
Safeway has continuously introduced new products to its Safeway Select brand label of groceries, like Select Cola and Select Soups. Why has Safeway chosen to build and expand its own in-store brand label
Answer:
Safeway has chosen to build and expand its own in-store brand label for the following reasons:
1. Exclusivity and differentiation: Safeway knows that the in-store brand label makes the product exclusive to Safeway stores only. Therefore, these products are differentiated from other products and can only be found in Safeway stores.
2. Competitive pricing: Safeway is facing increasing competition from rivals, especially in the area of pricing. To ward off price competition, it may decide to build its own in-store brands.
3. Improved quality: Safeway can detect the highest quality for its own in-store brands, which it could not do, assuming that it stores the manufacturers' brand labels.
Explanation:
In-store brand labels are private label products manufactured by one company but are branded for and sold in another company's brand labels. Many retailers have found the use of in-store brand labels attractive in recent years, given the increasing competition of brand products.
For the period from 2019 to 2020, a company reports the following: Percentage change in sales 30% increase Percentage change in cost of goods sold 20% increase Percentage change in gross profit 25% increase If sales are $5,000,000 in 2019, what are sales in 2020?
Answer:
If sales are $5,000,000 in 2019, the sales in 2020 will be
$6,500,000
Explanation:
a) Data and Calculations:
2019 2020 Change
Percentage change in sales 100% 130% 30% increase
Percentage change in cost of
goods sold 100% 120% 20% increase
Percentage change in
gross profit 100% 125% 25% increase
Sales are in 2019 = $5,000,000 $6,500,000 ($5 million * 130/100)
Alternatively, the 30% increase can be computed, to get $1,500,000 ($5,000,000 * 30%). This change in sales is then added to the 2019 sales figure to get $6,500,000, which is the sales in 2020.
A proposed new project has projected sales of $195,000, costs of $92,000, and depreciation of $25,200. The tax rate is 25 percent. Calculate operating cash flow using the four different approaches. (Do not round intermediate calculations.)
Operating cash flow
EBIT +Depreciation - Taxes 58,800
Top-down
Tax-shield
Bottom-up
Answer:
EBIT + Depreciation - Tax
= (195000-92000-25200) + 25200 - 19450
= $83,550
Top down OCF = EBIT - (EBIT * Tax) + Depreciation
Top down OCF = (195000-92000-25200) - ((195000-92000-25200) * 0.25) +25200
Top down OCF = 77800 - 19450 + 25200
Top down OCF = $83,550
Tax shield OCF = (Sales - Exp) (1-tax) + (Dep * tax)
Tax shield OCF = (195000-92000) (1-0.25) + (25200 * 0.25)
Tax shield OCF = 77250 + 6300
Tax shield OCF = 83550
Bottom Up OCF = Net Income + Dep
Bottom Up OCF = (77800 * (1-0.25) + 25200
Bottom Up OCF = 83550
List four issues you may have as a parent deciding succession plans for a family owned business of which you are in control. Include an idea on how you would address or attempt to resolve each issues.
Answer:
1. family fights, 2. kids not wanting to work at the family business, 3. lack of training, 4. pressure to hire family members, 1. hire other people that arent in the family, 2. convinve them to work there, 3. hire well trained people to train family, 4 hire them and see is they are good for the job or not and have themmstart at a easy position
Explanation:
The metric that measures how well an enterprise is using customers to create short-term and long-term value is:
Answer:
return on customer
Explanation:
Return on Customer known as ROC can be regarded as the metric designed by the company, it entails the measure of generated profit from the customer during a particular period of time as well as the value changes of customers both positive and negative changes during the particular period. However the customer must be a trusted one for firm to carry out this. It should be noted that The metric that measures how well an enterprise is using customers to create short-term and long-term value is return on customer.
Which statement best describes what a project manager controls?
the overall choice of which work becomes a project
the overall deadline when a project is due
the overall resources allocated for a project
the delegation of responsibilities in a project
Answer:
I believe it’s the delegation of resources
Explanation:only other logical choice is delegation of responsibilities but that’s up to the boss or who assigned the project in the first place
The statement that best describes what a project manager controls is the delegation of responsibilities in a project.
Who is a project manager?A project manager refers to the person who has the responsibility of planning and executing a project.
The delegation of responsibilities in a project is the best statement that describes what is controlled by the project manager.
Therefore, D is the correct option.
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in preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):
Answer:
In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):
source of cash.
Explanation:
Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.
Is total welfare maximized in the Nash equilibrium? If not, suggest an outcome that would maximize total welfare, and compute the deadweight loss in the Nash equilibrium compared with your outcome.
Hello. More context would be needed to answer your question. however, I will try to help you in the best possible way.
Nash equilibrium is a concept that is literally linked to the execution of the plan that was established for the institution and the capacity. This is because this term refers to the ability of an institution to achieve a successful result, which generates total well-being in all its sectors, through the execution of a strategy that does not escape the initial plan and does not need incentives, or be of help, to reach a result. Thus, we can say that total well-being is maximized in the Nash equilibrium.
For your post-graduation celebratory trip you decide to travel from Munich, Germany to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting to exchange all of these for Russian rubles, you obtain the following quotes: Spot rate on the dollar/euro cross rate Spot rate on the ruble/dollar cross rate a. What is the Russian ruble/euro cross rate? b. How many rubles will you obtain for your euros?
The Russian ruble/euro cross rate is Rbl 40.91/euro
The amount of Russian ruble that 15,000 euros can be converted to based on the cross exchange rate is Rbl613,650.00
What is cross rate?
The Russian ruble/euro cross rate is the amount of Russian ruble that exchanges hands for one Euro , which can be computed by multiplying the Ruble/Dollar rate by the Dollar/Euro rate, which eliminates US dollar, since the dollar numerator in exchange rate cancels the dollar denominator in the other exchange rate.
Russian ruble/euro cross rate=Rbl 30.96/$1*$1.3214/euro
Russian ruble/euro cross rate=Rbl 40.91/euro
The amount of Rubles that can be obtained from 15,000 euros is determined as the total amount the traveler multiplied by the Russian ruble/euro cross rate
Amount in rubles=Rbl 40.91*15,000
Amount in rubles=Rbl613,650.00
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Full question:
For your post-graduation celebratory trip, you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting to exchange all of them for Russian rubles, you obtain the following quotes.
Dollar/Euro rate - $1.3214 per euro
Ruble/Dollar rate - Rbl 30.96 per dollar
a. What is the Russian ruble/euro cross rate?
b. How many rubles will you obtain for your euros?