Northwood Company manufactures basketballs.
The company has a ball that sells for $25.
At present, the ball is manufactured in a small plant that relies heavily on direct labor workers.
Thus, variable expenses are high, totaling 15% per ball, of which 60 percent is direct labor cost.
Last year, the company sold 30,000 of these balls, with the following results:
Sales $750,000
Variable expenses (450,000)
Contribution margin 300,000
Fixed expenses (210,000)
Net operating income$ 90,000
1. Compute the CM ratio and the break-even point in quantity of balls.
2. Compute the degree of operating leverage at last year's sales level.
3. Due to an increase in labor rates, the company estimates that variable expenses will increase by $3 per ball next year.
If this change takes place and the selling price per ball remains constant at $25, what will be the new CM ratio and break-even point in quantity of balls?
4. Refer to the data in (3) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $90,000, as last year?
5. Refer again to the data in (3) above. The president feels that the company must raise the selling price of its basketballs.
If Northwood Company wants to maintain the same contribution margin ratio as last year, what selling price per ball must it charge next year to cover the increased labor costs?
6. Refer to the original data. The company is discussing the construction of a new automated manufacturing plant. The new plant would slash variable expenses per ball by 40%, but it would cause fixed expenses per year to double.
If the new plant is built, what would be the company's new CM ratio and new break-even point in quantity of balls?
7. Refer to the data in (6) above. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $90,000, as last year?
8. Assume the new plant is built and that next year the company manufactures and sells 30,000 balls (the same number as sold last year).
Prepare a contribution format income statement and compute the degree of operating leverage.
Answers
Answer:
Northwood Company
1. Contribution margin ratio = Contribution per unit/Selling price * 100
= $10/$25 * 100
= 40%
Break-even point in quantity of balls = Fixed cost/Contribution margin
= $210,000/$10
= 21,000 balls
Degree of operating leverage = Contribution margin divided by Net operating income (sales minus variable costs and fixed costs)
= $300,000/$90,000
= 3.33
New CM ratio =
Selling price $25
Variable cost 18 (15 + 3)
Contribution $7
Contribution margin ratio = $7/$25 * 100
= 28%
3. Break-even point in quantity of balls = Fixed expenses/contribution margin = $210,000/$7
= 30,000 balls
4. Break-even point in quantity of balls to achieve a target profit of $90,000
= (Fixed cost + Target profit)/$7
= ($210,000 + $90,000)/$7
= $300,000/$7
= 42,857 balls
5. The selling price per ball must increase to:
Variable cost = $15 + $3 = $18 = 60% of selling price
Therefore, new selling price = $18/60%
= $30
6. Selling price = $25
Variable = 9 ($15 * 60%)
Contribution $16 ($25 - $9)
Fixed expenses = $420,000 (210,000 * 2)
New CM ratio = $16/$25 * 100
= 64%
Break-even point in quantity of balls = Fixed expenses/Contribution margin
= $420,000/$16
= 26,250 balls
7. To earn target net operating income of $90,000, the quantity of balls will be:
= ($420,000 + $90,000)/$16
= $510,000/$16
= 31,875 balls
8. Contribution Format Income Statement:
Sales Revenue $750,000 ($25 * 30,000)
Variable expenses 270,000 ($9 * 30,000)
Contribution margin $480,000
Fixed expenses 420,000
Net operating income $60,000
Degree of operating leverage = Net operating income/Contribution margin
= $60,000/$480,000
= 0.125
Explanation:
a) Data and Calculations:
Selling price per ball = $25
Variable cost per ball = $15 ($450,000/30,000)
Contribution per ball = $10
Fixed expenses = $210,000
Net operating income = $90,000
Sales $750,000
Variable expenses (450,000)
Contribution margin 300,000
Fixed expenses (210,000)
Net operating income$ 90,000
b) Northwood's degree of operating leverage (DOL) measures how much the operating income of the company will change as a result of a change in its sales. The DOL ratio, which is a multiple, enables analysts to determine the impact of any change in sales on the earnings or profits of Northwood Company in a given year.
Related Questions
Mrs. Slayman slays all day. She slays 17 times a second. Approximately how much Slaying does Mrs. Slayman do in a day?
Answers
Mrs. Slayman slays approximately 1,468,800 times in a day.
How to calculate much Slaying does Mrs. Slayman do in a dayIf Mrs. Slayman slays 17 times every second, then in one minute (60 seconds), she slays:
17 times/second * 60 seconds = 1020 times/minute
In one hour (60 minutes), she slays:
1020 times/minute * 60 minutes = 61,200 times/hour
And in one day (24 hours), she slays:
61,200 times/hour * 24 hours = 1,468,800 times/day
Therefore, Mrs. Slayman slays approximately 1,468,800 times in a day.
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Which factor is not affected by cost of living? O A. How much housing costs O B. Insurance rates you pay O C. The quality of your relationships O D. The cost of health care
Answers
Answer:
c.the quality of you relationship
A survey conducted recently in China showed that in the last two years, Investments in the businesses increased by almost 75%. The same survey also concluded that people became wealthy by investing in businesses, and this motivated other people to invest more in their respective businesses. What most likely triggered this increases in investment?
Answers
In a low power distance culture, Multiple Choice seniority, rank, and title are important. relatives will be welcomed into the workforce. first names are likely to be used in the office because the ideal is equality. people will want direction, so top-down leadership styles are appropriate.
Answers
Answer: first names are likely to be used in the office because the ideal is equality.
Explanation:
Power distance simply has to do with how power is distributed in the organization. In a high power distance culture, it should be noted that there is power inequality which is common.
On the other hand, in a low power distance culture, it isn't hierarchical and theres power equality. In low power distance culture, first names are likely to be used in the office because the ideal is equality.
suppose toyota and honda must decide whether to make a new breed of side-impact airbags standard equipment on all models. side-impact airbags raise the price of each automobile by $1,000. if both firms make side-impact airbags standard equipment, each company will earn profits of $2.5 billion. if neither company adopts the side-impact airbag technology, each company will earn $1 billion (due to lost sales to other automakers). if one company adopts the technology as standard equipment and the other does not, the adopting company will earn a profit of $3 billion and the other company will lose $1.5 billion.
Answers
Yes, Toyota and Honda must adopt a new breed of side-impact airbags standard equipment on all models as they tend to provide the two companies with huge profits.
The two options are to adopt side airbags or not, because if Honda decides to adopt them, Toyota will follow suit because it will benefit more from doing so and will do so as well. (3.5 > 0.5) Toyota will decide to adopt side-bags if Honda decides against them because they offer a better return on investment (4.5 > 2).
Honda will also choose to implement side bags when Toyota does since it offers a better return on investment (3.5 > 0.5).
Honda will go ahead and chose the side bags if Toyota decides against them since he will benefit more from doing so (4.5> 2).
Side-impact airbags would be standard equipment at Honda if I were in charge of making decisions since doing so would likely result in the highest profit possible.
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A chemical company is considering buying a magic fan for its plant. The magic fan is expected to
work forever and help cool the machines in the plant and, hence, reduce their maintenance costs
by $6,000 per year. The cost of the fan is $50,000. The appropriate discount rate is 10 percent,
and the marginal tax rate is 35 percent. Should the company buy the magic fan? (2.5 Marks)
Answers
No, the company should not buy the magic fan because the NPV (-$24,243.92) of the investment is negative which means expected costs of the fan exceed the present value of the expected benefits.
How do we determine if the company should buy the magic fan?To determine whether the company should buy the magic fan, we can perform a net present value (NPV) calculation which is a method of evaluating the value of an investment by calculating the difference between the present value of the expected cash flows and the cost of the investment.
The formula for NPV is: (CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) + ... - Cost where: CF1, CF2, etc. are the expected cash flows (in this case, the savings from reduced maintenance costs), r is the discount rate (10%), Cost is the cost of the magic fan ($50,000)
Data
Company expects to save $6,000 per year from reduced maintenance costs for the next 10 years.
Our calculation of the present value of these cash flows:
CF1 = $6,000 * (1 - 0.35) = $3,900 (after taxes)
CF1 / (1 + 0.1)^1 = $3,518.18
CF2 = $6,000 * (1 - 0.35) = $3,900 (after taxes)
CF2 / (1 + 0.1)^2 = $3,173.85
CF10 = $6,000 * (1 - 0.35) = $3,900 (after taxes)
CF10 / (1 + 0.1)^10 = $1,462.07
The sum of the present value of the expected cash flows is $25,756.08. So, the net present value equals:
= $25,756.08 - $50,000
= -$24,243.92
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Selecting the first ART for launch is an important step when creating an implementation plan. Which factors should be considered when deciding which ART to launch first
Answers
Based on business activities, the factor that should be considered when deciding which ART to launch first is "Organizational change impact."
Organizational change impactThe Organizational change impact is a change impact from the firm's business activities. These impacts could be any competitive advantage, business opportunities, working conditions, etc.
Therefore, to determine which ART to launch first, firms should consider the Organizational change impact to set the tone for further ART launch.
Hence, in this case, it is concluded that the correct answer is "Organizational change impact."
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What is the difference between feedback and coaching?
Answers
Answer:
Coaching is about assisting employees reach their goals for the future. Feedback is about helping employees understand what prevents them from reaching their current goals.
Explanation:
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
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.
Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at generating a return for investors who have provided capital (bondholders and stockholders). The ROIC calculation answers three questions: How tax efficient is the firm? How effective are the firm’s operations? How intensively does the firm use capital? Comparing the answers to these questions between firms can help you understand why one firm is more profitable than another and where that profitability is coming from.
In the following, Apple’s ROIC is compared to Blackberry’s. The income statement and balance sheet are provided for both firms. While the ROIC calculation for Blackberry is completed below, you have to complete the calculation for Apple by supplying the correct income statement and balance sheet information. As you fill in this information, the components of Apple’s ROIC will be
calculated along with some supporting ratios. Use these subcomponents and supporting ratios to compare Apple and Blacberry’s performance. Where does Apple’s advantage come from?
This activity demonstrates the calculation of ROIC and the comparison of firm performance, supporting Learning Objective 5-1 and 5-2.
Instructions
Use the income statement and balance sheet information for Apple to fill in the missing items in the calculation of Apple’s ROIC and supporting ratios. Once filled in correctly, compare Apple’s performance to that of Blackberry. Where does Apple have an advantage? Where does Blackberry have an advantage?
Apple, Inc. Blackberry
Income Statement YE Sept 2012 YE Mar 2012
Net sales 156,508
Cost of sales 87,846
Gross margin
Research & development expense 3,381
Selling, general & admin expense 10,040
other operating 0
Total operating expenses
Operating margin
Interest & dividend income 0
Interest expense 0
Other Income / Expense 522
Total Other income
Earnings before taxes
Provision for taxes 14,030
Net income (loss)
Short-term marketable securities
Components 0 Inventories 791 Total current assets
Long-term marketable securities
Other assets
18,423
11,848
1,559
2,600
930
0
0
21
354
Balance sheet YE Sept 2014 YE Mar 30 2012
Cash & cash equivalents 10,746 247
Accounts receivable 10,930 0
Finished goods 0 1,027
68,662
13,421
55,241
522
55,763
41,733
6,575
5,089
1,486
21
1,507
1,153
1,527 3,062 0 1,208
2,733
0 2,645
0
Apple Inc Microsoft Corporation
18,383
Other Current Assets 16,803
Fixed Assets: PP&E (net) 15,452 3,927
0 102,959
57,653
176,064
38,542
19,312
7,071
13,731
3,389
0
Long term assets 6,660
Total assets
Accounts payable Deferred revenue
Total current liabilities Long-term debt
Deferred tax liabilities Other long-term liabilities Long-term liabilities
21,175 0
0 0
Accrued expenses 11,414 0
744
other 5,953
Deferred revenue - non-current 0 0
0
Other non-current liabilities 19,312 242
Total long-term liabilities 242
Answers
Here is the ROIC calculation for Apple, Inc.:
The ROIC calculationNet income (loss) $14,030
Interest expense $0
Taxes $14,030
Net operating profit after taxes $28,060
Average invested capital $176,064
Return on invested capital (ROIC) 15.9%
The following table compares Apple's ROIC to that of BlackBerry:
Company | ROIC
------- | --------
Apple | 15.9%
BlackBerry | 4.9%
As you can see, Apple's ROIC is significantly higher than BlackBerry's. This is due to a number of factors, including Apple's higher gross margin, operating margin, and net income.
Apple also has a lower tax rate than BlackBerry, which helps to boost its ROIC.
Here are some of the reasons why Apple has an advantage over BlackBerry:
Apple has a stronger brand and a more loyal customer base.Apple's products are more innovative and user-friendly than BlackBerry's products.Apple has a more efficient supply chain and a more effective marketing strategy.Blackberry does have some advantages over Apple, such as its strong security features and its experience in the enterprise market. However, these advantages are not enough to offset Apple's overall advantages.
Overall, Apple is a more profitable company than BlackBerry. This is due to a number of factors, including Apple's strong brand, innovative products, efficient supply chain, and effective marketing strategy.
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Match the descriptions to the appropriate term. Rate of reaction Rate law Rate constant Answer Bank can have different units, such as molarity per second (M/s), inverse seconds (s'). or inverse molarity Seconds (M reaction order . ). depending on the always has units of amount per time (i.e., molarity per second, Ms, or molarity per minute, M/min) symbolized ask a formula that relates reactant concentration to reaction rate For the reaction identify what the graphs of [X] versus time and [Y] versus time would look like for various orders. In each graph, [?] represents either [X] or [Y]. Zero-order [X] versus Zero-order [Y] versus 1 First or second-order [X] versus First-or second-order [Y] versus Answer Bank
Answers
Rate of reaction: The speed at which a chemical reaction occurs
Rate law: A formula that relates reactant concentration to reaction rate
Rate constant: Always has units of amount per time (i.e., molarity per second, Ms, or molarity per minute, M/min) and is symbolized with a letter k
Zero-order: The graph of [X] versus time will be a straight line and the graph of [Y] versus time will be a horizontal line
First-order: The graph of [X] versus time will be a curved line and the graph of [Y] versus time will be a curved line
Second-order: The graph of [X] versus time will be a curved line and the graph of [Y] versus time will be a curved line but steeper than first-order.
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what are the objectives of business
Answers
Answer:
Defination-
A business objective is a result that a company aims to achieve.
10 Most Important Business Objectives
1. Getting and Staying Profitable
2. Productivity of People and Resources
3. Excellent Customer Service
4. Employee Attraction and Retention
5. Mission-driven Core Values
6. Sustainable Growth
7. Maintaining a Healthy Cash Flow
8. Dealing with Change
9. Reaching the Right Customers
10. Staying Ahead of the Competition
6. Choose a good you are familiar with, and analyze its economic utility, using the questions below. NOTE: Choose a good for this exercise, not a service.
a. What type of good did you choose? (1 sentence. 1.0 points)
b. Describe the form utility of the product you chose. What makes its form useful? Can you think of any improvements that could be made to its form utility? (1-3 sentences. 2.0 points)
c. Describe the place utility of the product. Can you think of any improvements that could be made to its place utility? (1-3 sentences. 2.0 points)
d. Describe the time utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
e. Describe the possession utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
f. Describe the information utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points
DONT JUST PUT AN ANSWER FOR POINTS
Answers
Answer:
a. What type of good did you choose? (1 sentence. 1.0 points)
The good I chose was a tshirt.
b. Describe the form utility of the product you chose. What makes its form useful? Can you think of any improvements that could be made to its form utility? (1-3 sentences. 2.0 points)
The form utility of the t-shirt is that it is a ready-to-wear product. You don't need to look for other items to complete it.
c. Describe the place utility of the product. Can you think of any improvements that could be made to its place utility? (1-3 sentences. 2.0 points)
The place utility of a t-shirt is that it is easily accessible to the buying public. Nowadays, you have the option to go to shopping malls, boutiques, and even online stores to buy t-shirts.
d. Describe the time utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
The time utility of a t-shirt is that it is can easily be bought when needed. There is no waiting time for a shirt to be completed. Because of its various styles, designs, colors, and sizes, it can cater to everybody's needs at anytime.
e. Describe the possession utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
The possession utility of a t-shirt is that once it has already been paid for, customers immediately become its owner. You can immediately wear it after purchase without hassle.
f. Describe the information utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
The information utility of a t-shirt is that because it is a staple in everybody's closet. From toddlers to adults, t-shirts are vastly available, accessible, and affordable. All economic utility of a t-shirt is good because it meets the needs and wants of the clients.
Explanation:
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Following the sale by one of its partners of her interest in the partnership, Glendale Partnership is required to increase the basis of its assets under Code Sec. 743(b). The total Code Sec. 743(b) adjustment is $8,000. The purchasing partner's share of the partnership's assets is as follows:
Inventory $2,000 $5,000
Property 1 (Sec. 1231 asset) 10,000 25,000
Property 2 (Sec. 1231 asset) 20,000 10,000
$32,000 $40,000
How much of the basis adjustment should be allocated to the inventory?
a. $1,000.
b. $3,000.
c. zero.
d. none of these.
Answers
Answer:
b. $3,000.
Explanation:
The computation of the amount of the basis adjustment allocated to the inventory is shown below;
= $5,000 - $2,000
= $3,000
This $3,000 would represent the basis adjustment and the same would be allocated to the inventory
hence, the correct option is b.
And, the rest of the options would be incorrect
KNK bank receives a deposit of GHS 1,000 and observes a cash ratio of 10%. Assuming there is no cash drain(cashless economy) and all rxcess reserves are pushed into loans. a. what is the maximum amount of money that can be pushed into loans. b. what is the total increase in money supply with the bank?
Answers
The maximum amount of money which can be created from the deposit will be GHS 1,000 and the total increase in the money supply with the bank will be GHS 1,000 too.
Money supply has to do with the total amount of money that's in circulation in a particular period of time in an economy.
A) Based on the information given, the maximum amount of money which can be created from the deposit will be GHS 1,000.
B. The total increase in the money supply with the bank will be GHS 1,000. The reason for this is because there were no additional information that was given.
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Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $91,000. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation.
The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return.
Diaz sold the machine for $16,400 cash.
Diaz sold the machine for $35,500 cash.
Diaz sold the machine for $40,400 cash.
Answers
If Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $91,000. the entry to record the disposal of the machine on January 1 is: Debit Loss On Disposal Of Machine $35,500 Debit Accumulated Depreciation —Machine $91,000,Credit Machine $126,500.
How to prepare the journal entry?Debit Loss On Disposal Of Machine $35,500
Debit Accumulated Depreciation —Machine $91,000
Credit Machine $126,500
Debit Cash $16,400
Debit Loss On Sale Of Machine $19,100
Debit Accumulated Depreciation —Machine $91,000
Credit Machine $126,500
Debit Cash $35,500
Debit Accumulated Depreciation —Machine $91,000
Credit Machine $126,500
Debit Cash $40,400
Debit Accumulated Depreciation —Machine $91,000
Credit Gain On Sale Of Machine $4,900
Credit Machine $126,500
Therefore the entry is Debit Loss On Disposal Of Machine $35,500 Debit Accumulated Depreciation —Machine $91,000,Credit Machine $126,500.
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You are considering switching your Internet and cable providers and DIRECTV is advertising an introductory rate of $30 a month for a two-year contract the introductory rate goes away after six months and the rate will raise to $75 a month after that in aaddition to switch now you will be entered into a drawing for a chance to be an extra in the companies next hilarious commercial you pay $50 a month with your current provider and there's no contract should you switch?
Answers
Answer:
DIRECTV:
($30)(6) + ($75)(18) = $1530
Current:
($50)(24) + $1200
Do not switch providers.
Explanation:
You should not switch providers because, in the long run, you will be paying less money with your current provider than with DIRECTV. Emotionally, you may want to purchase DIRECTV's contract because of the drawing; however, there is a low probability that you would actually be chosen, so it is not worth the increase in payments.
A company has budgeted total overhead of $10,575 at actual units produced and actual total overhead of $9,775. The controllable variance is:
Answers
Assuming a company has budgeted total overhead of $10,575 at actual units produced. The controllable variance is:$800 F.
Controllable varianceUsing this formula
Controllable variance= Actual units produced - Budgeted total overhead
Where:
Actual units produced=$9,775
Budgeted total overhead=$10,575
Let plug in the formula
Controllable variance=$9,775-$10,575
Controllable variance=$800F
Inconclusion the controllable variance is:$800 F.
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Company A has 800 employees, and it decides to grant each of the employees 50 share options as part of its new rewards plan. The options are exercisable over 5 years and subject to a 3-year service condition. The fair value of each option at the grant date is $16. The company estimates that 80% of its employees will meet the service condition required for receiving the options. Calculate the total share-based payment expense for Company A assuming that 80% of the employees actually meet the service condition.
Answers
The total share-based payment expense for Company A is mathematically given as
TS= $512,000.
What is the total share-based payment a expense for Company A?let number of Employees satisfying service condition be x
Hence
x= 800* 0.8
x=640.
let the total No of options Estimated to be exercised be y
y= 640*50
y=32000.
Generally, the equation for Total Share is mathematically given as
TS= The total number of options expected to be exercised Muiltiplied by Fair value
Therefore
TS= 32000* 16
TS= 512,000.
In conclusion, the total share-based payment expense for Company A
TS= $512,000.
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One way to adda table to a presentation is to
A. click on Clip Art under the Insert tab.
B. click on WordArt under the Insert tab.
C. right-click on an existing page with content and choose Add Table.
D. add a new slide and left-click on the Table symhgl in an empty area.
Answers
One way to adda table to a presentation is to click on WordArt under the Insert tab. (b)
Click Table under the Insert tab. Pick one of the following options from the Insert Table menu: Click to enter your table after dragging the pointer over the grid to the desired number of columns and rows. Enter a value in the Number of columns and Number of rows boxes after clicking Insert Table WordArt.
You can also display information in PowerPoint using tables. The cells in a table are arranged in a grid with rows and columns. Tables can be used for a variety of activities, including the presentation of text and numerical data. You can even customize tables to fit your presentation.
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Amy, Becky, and Chau form a business entity with each contributing the following. Adjusted Basis Fair Market Value Amy: Cash $100,000 $100,000 Becky: Land $60,000 120,000 Chau: Services 50,000 Their ownership percentages will be as follows. Amy 40% Becky 40% Chau 20% Becky's land has a $20,000 mortgage that is assumed by the entity. Chau is an attorney who receives her ownership interest in exchange for legal services. Determine the recognized gain to the owners, the basis for their ownership interests, and the entity's basis for its assets under each entity scenario.
Answers
What can you do now to help withstand the next recession or survive a period of high
inflation?
Answers
Savings and Investments are a way to withstand period of Recession or High Inflation.
What is Recession and Inflation?
When there is a general fall in economic activity, there is a recession, which is a contraction of the business cycle in economics. Recessions typically start when consumer spending falls dramatically across the board. According to Pugliese, unemployment frequently increases during recessions, and total employment levels may even decline. Additionally, GDP growth typically slows down during recessions as a result of decreased demand from consumers and a reduction in labour force, which results in lower output of goods and services.
The amount that a collection of products and services have increased in price during a specific time frame, typically a year, is measured by inflation. One of the most well-known words in economics, perhaps.
Hence, Savings and Investments are a way to withstand period of Recession or High Inflation.
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A. Purcha
C. Purchase of in 2018.
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Hell how may I assist you in any way if so ask away in the comments as a fellow Brainly user I am here to help and next time if you will please write a full question so we are able to answer.
QUESTION 5
Which of the following is the first step in building a social media plan?
O a. Listen to determine opportunities
O b. Establish social media objectives
O c. Select social media tools
O d. Segment and target the social media customer
e. Integrate the plan
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The first step in building a social media plan is to establish social media objectives.
Social media play an important role when it comes to advertising or marketing of goods or services.
In order to build a social media- plan it is important that you establish your social media objectives and know your goals as well as how to achieve it.
Some of the social media- plan objectives you need to know includes:
How to build rapport with your target audience or customers.How to convince your target audience about your products.How to create product awareness so as to increase your sales and earn profit.How to increase your audience.Inconclusion the first step in building a social media plan is to establish social media objectives.
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Petty Cash Fund Entries Journalize the entries to record the following: Check is issued to establish a petty cash fund of $1,200. The amount of cash in the petty cash fund is now $396. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $466; miscellaneous selling expense, $193; miscellaneous administrative expense, $121. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,200, record the discrepancy in the cash short and over account.) a. Journalize the entry to establish the petty cash fund. fill in the blank a41770059faa020_2 fill in the blank a41770059faa020_4 b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank. fill in the blank e53a56fc003ffc3_2 fill in the blank e53a56fc003ffc3_3 fill in the blank e53a56fc003ffc3_5 fill in the blank e53a56fc003ffc3_6 fill in the blank e53a56fc003ffc3_8 fill in the blank e53a56fc003ffc3_9 fill in the blank e53a56fc003ffc3_11 fill in the blank e53a56fc003ffc3_12 fill in the blank e53a56fc003ffc3_14 fill in the blank e53a56fc003ffc3_15 Check My Work
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Answer:
Dr Petty cash fund 1,200
Cr Cash 1,200
Dr Office supplies expenses 466
Dr Miscellaneous selling expenses 193
Dr Miscellaneous administrative expenses 121
Dr Cash short and over 24
Cr Petty cash fund 804
Dr Petty cash fund 804
Cr Cash 804
the balance in the petty cash fund is $1,2000 again
What is the origin, development, and importance of ethics in business?
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Answer:
The notion of ethics in business can be traced back to the earliest forms of bartering, based on the principle of equal exchange. Countless philosophers and economists have examined the topic, from Aristotle and his concept of justice to Karl Marx's attack on capitalism.
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If the equilibrium price for tickets to a a Lady Antebellum concert is $100 each and they sell them for $85,
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Answer: you save $15
Explanation: 100-85 is 15 and the tickets are selling for $85 instead of original price
Explanation:
The cost of an items is 200. what will be the cost of 50 such. write a simple program
The fixed costs for Teddy bikes are $ 1000, the variable costs are $855, and the firm's revenues are $950.What should the firm do?
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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.
What is fixed cost?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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Customers might sometimes describe contradictory needs
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Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.
When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.
This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.
Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Customers might sometimes describe contradictory needs.
A. A customer's needs can sometimes be confusing.
B. Customers might sometimes give vague descriptions.
C. Customers sometimes describe needs that oppose each other.
D. Some customers are extremely thorough in describing their needs.
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What skills and interests might someone in a trade career have?
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Answer:
Confidence.
Numerical skills.
IT skills.
Communication skills.
An interest in financial markets.
Analytical skills.
Interpersonal skills.
Teamworking skills.