A firm produces 10 widgets that they sell for $15 each. The average variable cost for the production of 10 widgets is $13/unit. The fixed costs for this firm equal $20. What is the value of this firm's profits

1. the postal service experienced an increase in total contribution margin of $7.00

2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.

3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00

4. The exact number of deluxe sheets is 45.

Calculation of the increase (decrease) in total contribution margin:

The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:

Selling price of regular souvenir sheets: $8.00

Selling price of deluxe souvenir sheets: $15.00

Number of regular souvenir sheets sold: 80,000

Number of deluxe souvenir sheets sold: 50,000

To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:

Contribution margin regular souvenir sheets = Selling price - Variable cost

= $8.00 - Variable cost

Contribution margin deluxe souvenir sheets = Selling price - Variable cost

= $15.00 - Variable cost

To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:

Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular

= ($15.00 - Variable cost) - ($8.00 - Variable cost)

= $15.00 - $8.00

= $7.00

So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.

2. Calculation of the percentage increase in selling price and unit sales:

Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100

= [(15.00 - 8.00) / 8.00] * 100

= 87.5%

Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.

Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100

= [(50,000 - 80,000) / 80,000] * 100

= -37.5%

The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.

3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:

To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:

Selling price deluxe = Selling price regular + Increase in contribution margin

= $8.00 + $7.00

= $15.00

So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.

4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:

Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold

= ($8.00 - Variable cost) * 80,000

To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:

Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets

($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000

Simplifying the equation:

Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)

= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)

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Answer:

a) Current ratio for Kansas company is  1.475

Current ratio for Montana company is 1.814

b) Since the current ratio for the Montana company is more than that of the Kansas company which shows better liquidity, the Montana company has the greater likelihood of being able to pay its bills.

c) Kansas company would produce the higher return-on-assets ratio.

Explanation:

                                    Current Assets           Current liabilities

Kansas Company           $ 59,000                     $ 40,000

Montana Company        $ 78,000                      $ 43,000

a) To calculate the current ratio of A company

Current ratio = \(\frac{Current Assets}{Current Liabilities}\)

Therefore current ratio for Kansas company = $ 59,000 ÷ $ 40,000 = 1.475

Current ratio for Montana company =  $ 78,000 ÷ $ 43,000 = 1.814

Answer:

The amount of net income over the life of the company not paid to owners in the form of dividends.

Explanation:

Answer: True

Explanation:

Marketing is one of the key elements for success in a modern business. A large number of companies spend huge amounts of money on marketing. The world's largest corporations have special departments in which a large number of people work in marketing. Therefore, investing in marketing is recommended if someone is trying to improve their own business,

Answer:

False.

Explanation:

I just did the quiz.

Answer:

a. The user pays for access to a product or service whether he or she uses it during the payment term or not.

Explanation:

Obviously, a defining characteristic of the subscription-based business such as TV subscription require the customers to subscribe regardless of how much or how less the customers will watch it. If the customers did not watch the TV, it does not bother the producer as a sales has been made on the business model.

This business model requires regular to regular payment mode to renew the existing subscription on the business as well.

Answer: A.

The user pays for access to a product or service whether he or she uses it during the payment term or not.

Explanation: the subscription-based business model is that the user must pay for the services, even if the user did not make use of that service, for example, if a user subscribe for a television cable, and he/she traveled and was not around to watch the TV, the cable has been paid for and he was not chanced to make use of it.

Industries that use this model presently are cable television, cellular service providers, satellite radio, Internet service providers, and health clubs.

To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.

The operating section of the cash flow statement concludes with net cash provided (used) by operating activities, regardless of whether the direct or indirect method is used. The cash flow statement's most important line item is this.

Cash flow is critical because you pay your bills and salaries in cash rather than accounting for profit. This may seem obvious, but it's surprising how often people overlook it. Enterprise deals are typically booked as profit in the month in which they are confirmed by software companies.

A cash flow statement is a financial statement that summarizes all cash inflows received by a company from ongoing operations and external investment sources. It also includes all cash outflows used to fund business operations and investments over a given time period.

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Answer:

The absolute size of its public debt in year 4 is $72 billion.

The GDP is 69.23% of the GDP.

Explanation:

The Public debt can be calculated as follow

Public debt = Total Deficits - Total Surpluses

Where

Total Deficits = Budget deficit in year 2 + Budget deficit in year 3 + Budget deficit in year 4 = $50 billion + $30 billion + $2 billion = $82 billion

Total Surpluses = Budget surplus in year 3 = $10 billion

Placing valeus in the formula

Public debt = $82 billion - $10 billion = $72 billion

Use the following formula to calculate the percentage of public debt to GDP

Public debt to GDP = Total Public debt in year 4 / GDP in year 4

Public debt to GDP = $72 billion / $104 billion

Public debt to GDP = 0.6923

Public debt to GDP = 69.23%

Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).

Labor efficiency variance = $404,600 F

By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.

1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)

Labor efficiency variance = $1,156,000 - (91,800 * $17)

Labor efficiency variance = $404,600 F

2) Variance in direct labor worked divided by variance in labor efficiency

Variance in labor costs is $404,600 - $68,000.

Variance in labor costs = $336,600 F

3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Manufacturing variable overhead cost = 24,000 * $21

$504,000 is the variable manufacturing overhead cost.

4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Cost of variable overhead in production = 30,600 * $21

$642,600 is the variable manufacturing overhead cost.

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Answer:

njhbgytfr

Explanation:

The a. Cancellation of Listing (Modification of Terms) is the standard forms that is used to document an agreement between a seller and a listing broker to cease marketing a property.

The Cancellation of Listing (Modification of Terms) is an agreement between a seller and a listing broker to cease marketing a property. This form is used to document the agreement and outlines the terms and conditions of the cancellation.

It is important for both the seller and the listing broker to understand the details of the agreement to ensure their rights and obligations are protected. This form can be customized to the unique needs of the parties involved and should be reviewed carefully prior to signing.

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When submitting written assignments, please remember to Proofread for spelling, grammar, and punctuation. Hence, option B is correct.

Proofread is the double-checking of the written assignment or the work that is being already done to the person. It helps the person to identify the little mistakes that they have made during the making of the assignment.

Proofread is always a better solution to understand the work and makes the work complete and perfect. After Proofread, one can identify their mistakes and make them correct.

Thus, option B is correct.

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Answer:

Charlotte has the priority to claim Autumn as her dependent even though William covered 70% of her living expenses during the year. In order for a parent to be able to claim a child as a dependent, he/she must live with the child for more than half the year. In this case, since William left the house, Charlotte has preference over claiming Autumn as her dependent (even though William lived with Autumn for 10 months). Also, a parent always has priority over other relatives including a grandparent.

Answer:

The first job for most Americans is likely to be in a small business.

Explanation:

48% of Americans work in small businesses.

There are 31.7 million small businesses in the US.

Small businesses make up about 50 percent of the GDP.

Small businesses actually employ about tow thirds of private sector employees.

The statement that the first job for most Americans is likely to be in a small business is true.

Small businesses operate on a smaller scale, requiring less capital, fewer employees, and fewer machines to operate. The kind of industries or small businesses that generate goods and services on a small scale are known as industries. These industries are crucial to the growth of a nation's economy. The owner either makes a single investment in machinery, businesses, and plants, or opts to lease or hire these items. Less than one crore is invested in these sectors. Paper, toothpick, pen, bakeries, candles, local chocolate, and other small-scale enterprises are a few examples. These businesses are typically located in urban areas as a separate entity.

While small businesses can often implement the same quality management systems as larger corporations, they may face unique challenges along the way. Small businesses, for example, typically have fewer human resources and less upfront capital to devote to quality initiatives. In a smaller business, however, upper management commitment and accessibility may be stronger, and internal communications may be more straightforward.

Small business personnel's perceived values tend to become common factors in their behavior and can become important factors that generate good long-term performance. Upper management can make a significant contribution to small business culture development if they can express values and ideas to help guide personnel efforts.

The struggle for organizational excellence may be particularly challenging for many small organizations due to constrained resources and competing agendas. The Baldrige self-assessment form is a great addition to the standard SWOT (strengths, weaknesses, opportunities, and threats) analysis for small business owners launching a quality program.

Organizational values are ideas that characterize a specific aspect of the culture and are communicated through ideas like values, mission, vision, policies, and objectives. Usually, the leadership establishes these ideas, and then the staff members accept them.

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Answer:

d

Explanation:

ddddddddddddddddddddddd

Answer:

Commercial Cooking- Commercial cooking operations are defined as kitchens that have cooking equipment that produces grease and grease-laden vapors. This includes flat grills, char broilers, and deep fat fryers.

Answer:

Commercial cooking is cooking on a large scale for money (commerce). Generally a commercial kitchen will have large-scale cooking apparatuses. In example I could be use side by side Tilt Grills, one searing 50 pounds of meat, while boiling 20 pounds of pasta in the other. 300 slices of bacon cooking in the ovens, and 30 gallons of stew in one of the tilt-kettles. On another wall I might have a mixer, mixing 30 pounds of cake batter, and 10 gallons of chile cooking in one of the small tilt kettles. I did generally get some help though, lol.

Answer:

8 business functions:

Explanation:

1. Finance's role is to fund, manage budgets, accounting, financial controls, and audits.

2. Marketing's role is processing like promotions, pricing, sales and distributions.

3. Information Technologies role is to developed and operate systems and applications.

4. Customer Service's role is managing customers and handling their needs or requests like inquiries or returns.

5. Production's role is manufacturing products or delivering for different services.

6. Distribution's role is the process of teaching the customer with the product you are delivering or service you are providing.

7. Design's role is prioritizing and making sure the design of the product or service stands out as it's own business function.

8. Governance's role is firm in direction and control. They manage the performance of management.

Cost of goods sold under the FIFO cost flow assumption (using a periodic inventory system) was $2,750.

Sales during the year = 500 units

Beginning inventory = 250 units at a cost of $5 per unit

Cost of goods sold in beginning inventory = 250 x $5 = $1,250

Because FIFO (First in, first out) method assumes all of the older inventory is sold first,

So, 250 units of Purchase 1 (out of total 400 units) would have been sold.

Cost of goods sold in Purchase 1 = 250 x $6 = $1,500

Total cost of goods sold under the FIFO cost flow assumption (using a periodic inventory system) = $1,250 +$1,500 = $2,750

Companies use the first in, first out (FIFO) method to calculate the cost of goods sold or COGS. The FIFO method assumes that the products which are purchased first by the company are the products which are sold first.

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Answer:

False

Explanation:

Domestic business involves those economic transactions that take place within the geographical boundaries of a country. International business involves those economic transactions that take place outside the geographical boundaries of a country.

International business can help improve political relations among countries. Culture refers to the type of government of a country.

The forecasts of hybrid car penetration in the U.S. market from 2007 through 2016 for each scenario are Optimistic,  Pessimistic and Realistic.

Scenario 1: Optimistic

In this scenario, I assume that the following factors will contribute to the growth of the hybrid car market:

Based on these factors, I forecast that the market penetration of hybrid cars in the U.S. will reach 10% by 2016.

Scenario 2: Pessimistic

In this scenario, I assume that the following factors will hinder the growth of the hybrid car market:

Based on these factors, I forecast that the market penetration of hybrid cars in the U.S. will reach only 5% by 2016.

Scenario 3: Realistic

In this scenario, I assume that the following factors will influence the growth of the hybrid car market:

Based on these factors, I forecast that the market penetration of hybrid cars in the U.S. will reach 7% by 2016.

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The relevant information that is required to decide which of the two statistical packages to buy is as follows: Cost of the software: Stat-Max is $912,000 while Buy Tracker costs $500,000. Cost of customization : Stat-Max requires 80 programmer hours while Buy Tracker requires 125 programmer hours. Annual license fee : Stat-Max has no annual license fee while Buy Tracker carries a $10,000 annual license fee. Both software vendors provide 150 hours of user training and offer technical support. However, technical support for Buy Tracker is only offered from 8:00 A.M. to 5:00 P.M. Central Standard Time.

Other information that one would want to know before making a purchase decision include: The features and functionality of each software package: It is important to know the specific features and functionalities that come with each software package. This will help determine which package is better suited to meet the needs of the organization.

The experience of the software vendor: Knowing the experience of the software vendor in developing and supporting the software is important. This will help ensure that the organization can get the required technical support when needed.

The reputation of the software vendor: Knowing the reputation of the software vendor is important. A vendor with a good reputation is likely to provide good quality software that meets the needs of the organization. It is also likely to provide good quality technical support.

The out-of-pocket cost of the software will be less than the relevant cost for Buy Tracker. This is because Buy Tracker has an annual license fee of $10,000, which is not included in the out-of-pocket cost. Therefore, the relevant cost for Buy Tracker is $510,000.

The out-of-pocket cost for Stat-Max is the same as the relevant cost since it has no annual license fee.

Therefore, the out-of-pocket cost for Stat-Max is $912,000, which is higher than the out-of-pocket cost for Buy Tracker. The difference in cost is due to the annual license fee for Buy Tracker.

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If the variable costs are $855, and the firm's revenues are $950, then the firm should cut down the variable cost in order to increase the profit or revenue as the fixed cost cannot be changed in short run.

A fixed cost is a cost that does not fluctuate with the production or sale of more or fewer goods or services.

Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licenses.

Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing a good or providing a service. Fixed costs are therefore regarded as indirect costs.

The term "variable cost" refers to a sort of cost that will fluctuate in response to changes in production levels.

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If as of January 1, Terrace Waters, Capital had a credit balance of $500,000.

A. The balance of Terrace Waters, Capital as of the end of the year Iis $170,000.

b. Yes, Assuming that there have been no recording errors,  the balance sheet prepared at December 31 balance will balance.

a. Balance of Terrace Waters:

Using this formula to find the balance of Terrace Waters:

Balance of Terrace Waters = Capital - Withdrawals - Net loss

Balance of Terrace Waters = ($500,000 – $10,000 – $320,000)

Balance of Terrace Waters = $170,000

This positive balance means that the assets of Waters' business is higher than the liabilities.

b.  Yes, assuming that  there have been no recording errors, the balance sheet prepared at December 31 will balance  with Terrace Waters, Capital, being reported in the owner’s equity section as the amount of $170,000.

Therefore the  balance of Terrace Waters, Capital  is the amount of $170,000 and the balance sheet will balance.

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Answer:

B. $1,500 F

Explanation:

                                          Flexible    Planning     Activity  

                                          Budget     Budget      Variance

Customer served (q)             17             20  

Travel expense ($500q)   $8,500     $10,000     $1,500 (Favorable)

Workings

Travel Expense at 500q

Flexible budget = 500 * (17) = $8,500

Planning budget = 500 * (20) = $10,000

Today, the health care industry is among the fastest growing today. The Option B is correct.

Medical advances and advancements in medicine and technology have a significant impact on the growth of the healthcare industry, affecting demand for healthcare services.

All these creates more opportunities for workers who are required to provide these services. Those with a master's degree in healthcare management will have many opportunities to fill these positions.

Missing options " A. the Postal Service B. health care C. manufacturing D. education

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Answer: Register for E-Tax has (3) steps:

1. Complete and submit ttconnect ID Registration form

2. Activate your ttconnect ID

3. Visit a ttconnect Service center

Carrying your own reusable alternative allows you to avoid purchasing single-use plastic water bottles. Make sure you select an environmentally friendly and socially responsible substitute, such as a reusable bottle made of safe aluminum, glass, or stainless steel.

Plastic water bottles are safe to drink from, but there are a few other things you should be aware of. Although BPA is not present in plastic water bottles, once they have been used, they could harbor dangerous microorganisms.

Therefore, The two-liter PET plastic bottle was invented by Coca-Cola. It gained popularity because it doesn't break, can be resealed, is lightweight, and is recyclable.

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Using the T-accounts, the amount Lowe paid in cash to its suppliers during the fiscal year ended February 2019 was B. $29,101 million.

From the T-accounts for Merchandise Inventory and Accounts Payable, we can determine the amount paid.

After posting the purchases for the period into the two accounts, the difference between the debit and credit sides of the Accounts Payable gives the amount paid to suppliers.

Account Titles          Debit      Credit

Beginning balance  $5,911

Accounts Payable 29,238

Cost of goods sold               $28,443

Ending balance                      $6,706

Account Titles          Debit      Credit

Beginning balance                $2,695

Merchandise                         29,238

Cash payment        $29,101

Ending balance       $2,832

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During a recent fiscal year, Lowe's purchased merchandise inventory at a cost of $29,238 ($ millions). Assume that all purchases were made on account and that accounts payable is only used for inventory purchases. The following T-accounts reflect information contained in the company's balance sheets in millions.

What amount did Lowe's pay in cash to its suppliers during the fiscal-year?

Beginning balance $5,911

Ending balance $6,706

Beginning balance $2,695

Ending balance $2,832

A. $29,238 million

B. $29,101 million

C. $137 million

D. $2,832 million

Answer: The answer is generally false.