Ivanhoe Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2022, the company reported the following operating results while operating at 80% of plant capacity and producing 120,000 units. Sales Cost of goods sold Selling and administrative expenses Net income (a) & (b) Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $271,000. In July, normally a slack manufacturing month, Ivanhoe receives a special order for 10,000 basketballs at $29 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.75 per unit because of shipping costs but would not increase fixed costs and expenses. Your answer is correct. Revenues (a) Prepare an incremental analysis for the special order. (Round all per unit computations to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Cost of goods sold Selling and administrative expenses Amount $4,680,000 3,582,000 513,400 Net income $584,600 Yes Reject Order (b) Should Ivanhoe Inc. accept the special order? 0 0 0 0 $ 69 Accept Order 290000 218500 i -27700 i 43800 69 $ Net Income Increase (Decrease) 290000 -218500 -27700 43800 * Your answer is incorrect. What is the minimum selling price on the special order to produce net income of $5.00 per ball? (Round answer to 2 decimal places, e.g. 15.25.) Minimum selling price $ Save for Later 29.25 Attempts: 1 of 3 used Submit Answer
Answers
To calculate the minimum selling price on the special order to produce a net income of $5.00 per ball, we need to determine the additional revenue required to achieve that target.
First, we calculate the current contribution margin per ball:
Contribution margin per ball = (Sales - Variable costs) / Units produced
Contribution margin per ball = ($4,680,000 - $3,582,000 - $513,400) / 120,000
Contribution margin per ball = $584,600 / 120,000
Contribution margin per ball = $4.87
Next, we calculate the additional contribution margin required to achieve a net income of $5.00 per ball
Additional contribution margin per ball = Target net income per ball - Current contribution margin per ball
Additional contribution margin per ball = $5.00 - $4.87
Additional contribution margin per ball = $0.13
Finally, we divide the additional contribution margin by the number of units in the special order to find the minimum selling price per ball:
Minimum selling price per ball = Additional contribution margin per ball / Units in the special order
Minimum selling price per ball = $0.13 / 10,000|
Minimum selling price per ball = $0.013 or $0.01 (rounded to 2 decimal places)
Therefore, the minimum selling price on the special order to produce a net income of $5.00 per ball is $0.01 per ball.
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Related Questions
please help me in this question
If you find the answer of this question then i will give you 50marks or points.
Answers
Answer:
255,000,000
Explanation:
Someone who creates attractive presentations of food dishes for magazines is called which of the following?
a. food stylist
b. research chef
c. personal chef
d. food preparation worker
Answers
Answer:A
Explanation:
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
pricing is the determination of an exchange price at which the seller perceives optimum value for a good or service.
true
false
Answers
Pricing is the process of choosing an exchange rate at which the seller believes their product or service offers the best value. is true assertion
What is the value?Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity.
Pricing is the process of establishing an exchange rate at which both the buyer and the seller consider a good or service to be worth the most money. The amount that buyers and sellers value are ready to accept is known as the exchange price.
Therefore, The vendor feels that their good or service is the best value. is accurate statement
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what is the difference of communism and socialism?
Answers
For socialism there is limited Private owner ship, government and private entities,Limited class distinctions and production for societal needs .
assume the beta for the stock market in general is 1.0 and the beta for world-wide television productions is 2.4. if the stock market increases in value by 10 percent, what is the expected increase in value for the world-wide productions stock? group of answer choices 14 percent 48 percent 24 percent 20 percent 12 percent
Answers
24 percent, Assume that World-Wide Television Productions' beta is 2.4 and that the beta for the stock market as a whole is 1.0. The predicted rise in value for the World-Wide Productions shares is 24% if the stock market appreciates by 10%.
Consider the stock market as a network of stock exchanges where investors and traders may buy and sell shares of publicly listed corporations. This is a simple way to think about the stock market. A procedure known as an initial public offering allows private firms to list shares of their stock on a market (IPO). The investment includes real-time trading of the stocks of the firms, making it also referred to as a "stock market." Primary and secondary stock markets are two different categories. Please be aware that it only deals in shares, whereas the stock market deals in bonds, derivatives, and foreign exchange, and that both markets operate in different ways.
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What is believed to be the life force and is called nommo in the Bantu language?
a. Dancing
b. The spoken word
c. Singing
d. Drumming
Answers
As per the given question, the correct option is B which In the Bantu language, the term "common" refers to the life force and is associated with the spoken word
According to the Bantu language, the life force is believed to be called common. This term refers to the power of the spoken word, which is considered to have a profound impact on the world around us. While other forms of expression such as dancing, singing, and drumming are also important in Bantu culture, the spoken word is believed to have a unique power to shape reality.
This belief in the power of language is reflected in many aspects of Bantu life, from traditional storytelling to modern forms of political activism. In essence, commonality is seen as a vital force that gives meaning and purpose to our lives.
In the Bantu language, the term "common" refers to the life force and is associated with the spoken word. Therefore, the correct answer to your question is b. The spoken word.
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How has information technology impacted the economy?.
Answers
The information technology creates the major growth, better economic policy in the economy
The term Information technology simply said that IT is the creation, process, storage, security, and sharing of all types of electronic data using computers, collection, connectivity, and various physical devices, infrastructure, and procedures.
Here we need to find the impact created by information technology on economy.
Here we have listed down the impacts as follows:
This one has allowed economists to better predict how resources should be allocated.
And this will also assisted governments to make better economic policy decisions.
Finally it helps in the expanded growth and outlook in information technology careers.
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Implement a superclass Appointment and subclasses Onetime, Daily, and Monthly.
3. Make sure the appointment has a description (for example, "see the dentist") and occurs on one or more dates.
4. Write a method occursOn(Date d) that checks whether the appointment occurs on that date. For a monthly appointment, you must
check whether the day of the month matches.
5. Appointment class must implement Recurring interface. It contains the repeat method.
6. When the repeat method is called on a Daily appointment object, get the number of occurrences from the user and add all
continuous dates until the end date of the list of dates.
Tip: It is good practice not to have user input only in the main function and not to add it to other member functions.
7. When the repeat method is called on a Monthly appointment object, get the number of occurrences from the user and add the
same date of consecutive months until the end date of the list of dates.
8. When the repeat method is called on a Onetime appointment object, print a message that says, "One-time appointments cannot
be repeated. Sorry."
9. Add an abstract method cancelAppointment to Appointment. The subclasses must override this and empty the list of dates.
For Daily appointments, print a message that says, "Daily appointment is cancelled." Change the message accordingly for other
subclasses.
10. Use the class SchedulingAssistant as your tester/main class. Then fill an array of Appointment objects with a mixture of
appointments (Onetime, Daily, and Monthly appointments).
11. Prompt the user to enter a date and print out all appointments that occur on that date
12. Give the user the option to add new appointments. The user must specify the type of the appointment, the description, and the Iteratively ask if the user wishes to add an appointment or view appointments on a specific date until they wish to exit. Implement
this using a do-while loop.
Answers
Implement a superclass Appointment and subclasses Onetime, Daily, and Monthly, with methods for occurrence checking, repeating appointments, cancellation, and scheduling assistance.
To implement the appointment system, we create a superclass called "Appointment" and three subclasses: "Onetime," "Daily," and "Monthly." The Appointment class has a description and a list of dates. It implements the Recurring interface, which includes a "repeat" method. The "occursOn(Date d)" method checks if an appointment occurs on a specific date. For Daily appointments, the "repeat" method adds continuous dates based on user input. For Monthly appointments, it adds the same date for consecutive months. Onetime appointments display a message that they cannot be repeated
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The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the price the investor receives when the stock is sold. The final price includes the original price paid plus an expected capital gain. The actions of the marginal investor determine the equilibrium stock price. Market equilibrium occurs when the stock's price is -Select- its intrinsic value. If the stock market is reasonably efficient, differences between the stock price and intrinsic value should not be very large and they should not persist for very long. When investing in common stocks, an investor's goal is to purchase stocks that are undervalued (the price is -Select- the stock's intrinsic value) and avoid stocks that are overvalued. The value of a stock today can be calculated as the present value of -Select- stream of dividends:
Answers
Answer:
marginal investor
equal
less
infinite
Explanation:
the value of a stock depends on the sum of the value of the dividend yield and capital gains yield
dividend yield = dividend / price of the stock
capital gains yield is a change in the value of the stock as a result of appreciation in the value of the stock.
The intrinsic value of a stock can be calculated using various dividend models. some of them include :
The Gordon constant growth dividend model The two stage dividend growth model The H-model The three stage dividend growth modelThe market is in equilibrium when price equal intrinsic value
a stock is undervalued when the price of the stock is less than its intrinsic value
A stock is overvalued when the price of the stock is greater than its intrinsic value.
An investor would want to purchase a stock that is undervalued so that they can take advantage of increase in the value of the stock
Th dividend used to calculate the intrinsic value is infinite. This is because dividends are paid infinitely as long as the investor holds the stock and the company exists
What is the target rate for ReadyFill enrollment?
Answers
In order to ensure that certain continuing medicines are ready when you need them, CVS Pharmacy offers the ReadyFill service. There is no need to call or request refills because we will let you know when they are ready.
If you are qualified for a medication refill, it simply means that you can place an online purchase for more medication when you run out or when your supply is low without consulting your doctor beforehand.
Because patients are reminded to pick up the prescription before their medication runs out, auto-refill programs improve patient adherence to medication. The majority of pharmacies will limit the drugs that are part of the auto-refill program.
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Which resource management activity identifies and verifies?.
Answers
Answer:
different kinds of buisness vary
Explanation:
journal entry
sold a part of machinery costing Rs.15000 at profit Rs.5000
pplease HELP
me
Answers
Answer:
To register in a journal entry the movement for which a part of machinery costing $ 15000 at profit of $ 5000 is sold, the following accounting record must be made:
-Goods exit = - $15,000
-Cash entry = $15,000
-Profit entry = +$5,000
Which LIKE operator would match a single character?
?
[]
#
Answers
The percentage sign represents zero, one, or a couple of characters. The underscore represents a single wide variety or a character. The wildcard character, the underscore, would match a single character.
What do you know about LIKE logical operator?SQL Server LIKE is a logical operator that determines whether a character string fits in a separate sample. A pattern may also include ordinary characters and wildcard characters.
The LIKE operator is used withinside the WHERE clause of the SELECT, UPDATE, and DELETE statements to clear out rows primarily based totally on sample matching.
Thus, Underscore(_)LIKE logical operator would match a single character.
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you have to wait until it says i posted it 1 minute ago if answer before u will be elminated 2 more to go
Answers
Answer:
GG
Explanation:
GG
Answer:
Yay I finally got to say something! Hi I hope you have had a good day! :) I would love to be brainliest because I never have been :')
which statement best explains the relationship between points A and B?
Answers
If you were willing to pay $3.05 for a gallon of milk purchased at the grocery store but bought the milk for only $2.05, you have gained a
Answers
Answer:
consumer surplus amounting to $1.00.
A landowner had a swimming pool and a dressing cabana constructed in her spacious backyard. The pool was entirely within the confines of the landowner's property. However, one corner of the cabana extended a few inches onto a far corner of her neighbor's land. At the time of the construction, neither the neighbor nor the landowner was aware that the cabana extended onto the neighbor's property. Does the neighbor have a cause of action for trespass
Answers
Answer:
Yes. neighbor can trespass.
Explanation:
The landowner has a swimming pool and a spacious backyard with a corner. The neighbor might have a cause of action to trespass as the landowner is aware that the cabana is extended onto the neighbor's property.Question 5 of 10
For accountants, which of the following is the most important consequence
of the unethical use of technology?
A. the threat to the reliability of accounting systems
OB. the direct and indirect loss of revenue
C. the possibility that privacy will be compromised
D. the loss of trust in the accounting profession
SUBMIT
Answers
The most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
What are accounting systems?Accounting systems are described as the controls, procedures, and processes in accounting. The main purpose of accounting systems is to make a summary and record the different business transactions in a way that will allow the creation of reports, and enhance operations.
If the accountants are unethically using technology, then it will directly impact the accounting processes, and transaction records of businesses, and the financial report will produce erroneous results and will highly degrade the decision-making process.
It can be concluded that the most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
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Answer: The loss of trust in the accounting profession
Explanation: believed the other person aaaannnnnddddd got it wrong
when auditing pp&e, the auditor's approach is generally to
Answers
When auditing PP&E (property, plant, and equipment), the auditor's approach is generally to make sure the assets exist and record the assets' fair value. However, when auditing PP&E, the auditor's approach is generally to ensure the assets exist and record the assets' fair value.
To assess the completeness and accuracy of PP&E, auditors conduct analytical procedures. For auditing PP&E, the auditor's strategy is as follows: Physical verification of PP&E: The auditor performs physical verification of PP&E. The auditor usually investigates the property and physically counts the assets to ensure that they exist.
Recording of PP&E: The auditor reviews the company's financial statements and supporting documentation to determine whether the assets' values have been recorded correctly. The auditor also considers if the asset has been depreciated properly and if there are any impairments.The Auditor's assessment of PP&E is crucial because the value of assets has a direct effect on a company's financial statements and disclosures.
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If you were a merchandiser for Ralph Lauren Corporation, would you recommend that
Ralph Lauren Corporation add another diffusion brand? Why or why not? If yes, which
category? If no, which diffusion line should be removed?
Answers
Answer:
Ralph Lauren has always enjoyed success due to positive consumer perceptions of its classic designs, high quality and premium image. It has followed an expansion strategy using the same core credentials into other fashion segments.Explanation:
Audrey, a team leader, wanted to make some changes in the seating arrangement of her team members to improve communication. She outlined a plan that she thought would suit everybody and sent it to all the members, asking them for their opinions and suggestions. This is an example of
Answers
The example of communication illustrated by Audrey is two-way communication.
What is communication?
It should be noted that communication simply means the exchange of information between parties.
In this case, Audrey outlined a plan that she thought would suit everybody and sent it to all the members, asking them for their opinions and suggestions. This form of communication that is illustrated by Audrey is two-way communication.
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Suggest two (2) financial instruments or tools of Islamic financial economics that you think can help to reduce the burden of economic difficulties during the current crisis of COVID-19 pandemic. Explain.
Answers
Sukuk (Islamic Bonds) and Takaful (Islamic Insurance) are two financial instruments or tools of Islamic financial economics that can help reduce the burden of economic difficulties during the current COVID-19 pandemic crisis.
1. Sukuk (Islamic Bonds): Sukuk are asset-backed securities that represent ownership in a tangible asset or a specific project. They are structured to comply with Islamic principles, such as the prohibition of interest (riba) and excessive uncertainty (gharar). Sukuk holders receive profits generated by the underlying assets or projects rather than interest payments. This makes Sukuk a viable instrument during the COVID-19 crisis as governments and organizations can issue Sukuk to raise funds for critical projects and programs.
For instance, governments can issue Sukuk to finance the construction of healthcare facilities, production of medical equipment, or research and development of vaccines. By doing so, they can ensure that funds are allocated to initiatives directly addressing the pandemic's impact. Investors, in turn, contribute to these projects and receive a share of the profits generated. Sukuk can attract both domestic and international investors, enabling governments and organizations to secure necessary funds during economic difficulties.
2. Takaful (Islamic Insurance): Takaful is an insurance concept based on the principles of cooperation and shared responsibility. It operates through a system of contributions from participants, who agree to mutually guarantee and compensate each other in the event of a loss or adversity. Takaful promotes the idea of community support and ensures that participants bear the risk collectively.
During the COVID-19 pandemic, Takaful can play a significant role in reducing economic difficulties. Takaful operators can design insurance products specifically tailored to pandemic-related risks, such as medical expenses, loss of income due to quarantine or business closures, and other relevant aspects. By subscribing to Takaful policies, individuals and businesses can protect themselves against unforeseen circumstances and receive financial assistance when needed.
Takaful models encourage risk-sharing, transparency, and ethical practices, which can instill confidence among policyholders. By distributing the burden of losses among participants, Takaful can help alleviate financial difficulties caused by the pandemic, providing a safety net for those affected.
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Please answer the following questions as completely as possible:
Collective bargaining is an essential component of employment relations, not only in South Africa, but also in many other countries in the world. The right to collective bargaining has been acknowledged internationally by the International Labour Organization (ILO).
Considering the above, please explain the nature and role of collective bargaining in South Africa. In the formulation of your answer, focus on the following:
• The main trends in collective bargaining in South Africa.
• The process of collective bargaining.
Answers
Collective bargaining is an important component of employment relations in South Africa as it plays a vital role in promoting labor peace and enhancing productivity.
Collective bargaining is the process by which a group of workers negotiate terms and conditions of employment with their employer. The main trends in collective bargaining in South Africa are as follows:
Collective bargaining is recognized as a fundamental right for workers in South Africa. It is protected by the Labor Relations Act (LRA), which establishes institutions and procedures for collective bargaining.
Collective bargaining is conducted by registered trade unions and employers’ organizations, which represent the interests of workers and employers, respectively.
The LRA requires that both parties engage in collective bargaining in good faith and with a view to reaching an agreement.
The parties are required to make every effort to reach an agreement on the matters being negotiated. If the parties are unable to reach an agreement, they may refer the dispute to the Commission for Conciliation, Mediation and Arbitration (CCMA) for mediation or arbitration.
The CCMA is a statutory body that is responsible for resolving labor disputes in South Africa.
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the issue price of 1,000, 5%, $1,000 bonds issued at 100.00 equals . multiple choice question. $1,000,000 $100,000,000 $1,050,000 $100,000
Answers
$1,000,000. The bonds were issued at 100.00, so the issuance price is $1,000,000 (= $1,000 x $1,000 x 100%), or 100% of the face value of the bonds.
When an issuer of bonds sells bonds at a discount from their face value, it debits the cash account for the amount of the discount, credits the bonds payable accounts for the full face value of the bonds, and records a debit for the amount of the discount. The recognized amount of interest cost then increases as a result of amortizing the discount over the remaining term of the bond.
When a bond issuer sells bonds for more than the face value, it debits the cash account, credits the bonds payable account with the full face value of the bonds, and debits the premium account.
Therefore, option A is the correct answer.
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what is call account
Answers
Answer:
A call deposit account is a bank account for investment funds that offers the advantages of both a savings and a checking account. Like a checking account, a call deposit account has no fixed deposit period, provides instant access to funds, and allows unlimited withdrawals and deposits.
Answer:
Here's the answer :-
Explanation:
A call deposit account is a bank account for investment funds that offers the advantages of both a savings and a checking account. Like a checking account, a call deposit account has no fixed deposit period, provides instant access to funds, and allows unlimited withdrawals and deposits.
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Experience indicates that strategic alliances Multiple Choice are generally successful. work well in cooperatively developing new technologies and new products but seldom work well in promoting greater supply chain efficiency. work best when they are aimed at achieving a mutually beneficial competitive advantage for the allies. stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.
Answers
Answer:
stand a reasonable chance of helping a company reduce competitive disadvantage, but very rarely form the basis of a durable competitive advantage over rivals
Explanation:
Of course, a rival company is free and could also make its own strategic alliance. Hence, there is no durability in competitive advantage (ca) if a company based its hope on only forming strategic alliances.
For example, an older company that partners with a new transport/logistics company in order to reduce its cost of transportation (thereby assuming to increase ca), while also increasing the brand awareness of the logistics may be shocked when its major does a similar partnership with another logistics firm.
Topic : Ecommerce online shopping and Fulfilment of orders,
LITERATURE REVIEW (approximately 5-7 pages)
The literature review is a critical analysis, evaluating existing knowledge relevant to your research problem. You are required to extract different kinds of information from what you read, and compare the different studies and how these relate to your own research.
Some questions you may think about as you develop your literature review are:
What are the critical (recent and appropriate) pieces of literature that inform the reader on the variables of your study?
What do other academic authors say about the problem you are studying and where is the gap that you are trying to fill by conducting your study?
What theory is there that supports what you have stated about the problem?
What are your concluding remarks about the literature you have reviewed?
Please note and ensure the following:
You should have at least 20 in-text references from resources. At least 15 literature sources reviewed should be on the area of study and at least 5 of these sources should be from academic journals.
Sources included in the literature should be current and no older than 5 years (exceptions only made for seminal or classic sources).
The literature review should be at least 5 pages.
Remember that this must be well-structured and follow academic writing styles.
Concepts discussed should be aligned with your research objectives.
Answers
Literature Review: Ecommerce online shopping and Fulfilment of orders. The research problem of this study is how ecommerce businesses can improve the fulfilment of orders. The study aimed to determine the critical (recent and appropriate) pieces of literature that inform the reader on the variables of this study, what academic authors say about the problem, and where the gap is that the study aims to fill.
The variables that are critical to the fulfilment of ecommerce orders include the following: inventory management, logistics, transportation, order processing, packaging, shipping, and delivery. To improve fulfilment, ecommerce businesses should strive to achieve efficient and timely delivery, order accuracy, and order tracking. The literature reveals that a key factor in fulfilling ecommerce orders is to ensure that inventory management is optimized. Poor inventory management can lead to stockouts and overstocks, which can lead to delays in order fulfilment.
Studies show that ecommerce businesses should invest in technology solutions such as warehouse management systems (WMS) and enterprise resource planning (ERP) to achieve efficient inventory management. The academic literature also reveals that logistics and transportation are critical to the fulfilment of ecommerce orders. Effective logistics and transportation strategies can help ecommerce businesses to deliver orders on time and reduce delivery costs. Ecommerce businesses can leverage third-party logistics (3PL) providers to achieve efficient and cost-effective logistics.
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Smith and Sons Inc. has a target capital structure that calls for 40 percent debt, 10 percent preferred stock, and 50 percent common equity. The firm's current after-tax cost of debt is 6 percent, and it can sell as much debt as it wishes at this rate. The firm's cost of preferred stock is 11 percent and its cost of retained earnings is 14 percent. The firm expects to generate $15,000 in retained earnings this year. Compute the weighted average cost of capital (WACC) break point associated with issuing new common stock
Answers
Answer: $30,000
Explanation:
The weighted average cost of capital (WACC) break point that is associated with the issuing of the new common stock will be:
= Earnings retain / Percent of common equity in capital structure
= $15000 / 50%
= $15000/0.5
= $30,000
People are living paycheck to paycheck why is that a problem