Answers
Pam's Pet Palace is thinking about spending money on dog grooming supplies which would bring in an extra $12,000 a year in cash.
What investment means?Any purchase made with the intention of creating income or capital growth is known as an investment. Any asset's value increasing over time is referred to as appreciation. When a person invests inside a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
What are 3 good investments?Overview: optimum investments for 2022 Savings accounts with high yields. certificates of deposit for brief periods. Bonds in Series I. bond fund funds with a short maturity. S&P 500 index investments. stocks that provide dividends. Value stock mutual funds index funds for the Nasdaq 100.
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Related Questions
Why was the sport of volleyball invented?
Answers
Answer:
History has it that William G. Morgan, who invented the game of volleyball in 1895, came up with the idea so that people who found basketball's 'bumping' or 'jolting' too strenuous could have an alternative physical activity to fall back on.
what are the basic parts of business letter?
Answers
1. Opening of Business Letter.
2. The heading.
3. The inside address.
4. The salutation.
5. The punctuation mark.
6. Main body.
7. Conclusion.
8. Appropriate way to end it.
9. Signature. (Closing part)
For this problem, suppose a single parent can work up to 16 hours per day at a wage rate of $10 per hour. Various income maintenance programs have been developed to assure a minimum level of income for low-income families. Aid to Families with Dependent Children (AFDC) was established with the Social Security Act of 1935. The family was given an income subsidy depending on family size. Under this program, the family’s benefit was reduced by $1 for every dollar earned. Suppose the maximum daily subsidy for the single parent described in this problem is $40. a. Draw the daily budget constraint without program participation for the single parent described in this problem. b. On the same graph, draw the daily budget constraint under AFDC for the single parent described in this problem. c. What effect does this program have on the incentive to work? Explain.
Answers
The AFDC programme has a detrimental effect on the motivation to work since the subsidies is reduced when the single parent gets more income through work.
Draw the daily budget constraint without program participation for the single parent described in this problem.A. The daily budget limitation without programme participation for the single parent can be depicted as a straight line with a slope of -10 (the pay rate) as well as an intercept of 160 (16 hours of work divided by $10 per hour): Budgetary restriction: (10x + Y) 160 where y is the amount earned and x is the amount of time worked.
B. Because AFDC offers a subsidy, the single parent's daily budget restriction will alter under the programme. If the daily maximum stipend is $40, the budgetary restriction is represented as follows: Budgetary restriction: 10x + y = 160 + 40 - x. The 160 reflects the earnings from 16 hours of employment at a rate of $10 per hour. The number 40 stands for the program's maximum daily subsidy. For every additional dollar made via employment, the subsidy is reduced by -x.
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Since the AFDC program's subsidies are reduced when a single parent earns more money through work, it has a negative impact on the motivation to work.
Draw the daily budget restriction for the single parent in this problem without their participation in the program.The single parent's daily budget cap without program participation can be represented as a straight line with an intercept of 160 and a slope of -10 (the pay rate) (16 hours of work divided by $10 per hour): Budgetary cap: (10x + Y) 160, where y represents earnings and x represents hours worked.
The single parent's daily budget restriction will change under the programme because AFDC provides a subsidy. If the daily maximum allowance is $40, the financial constraint is shown as follows: Financial constraint: 10x + y = 160 + 40 - x. The 160 represents the earnings from 16 hours of work at an hourly wage of $10. The maximum daily subsidy for the programme is represented by the number 40. The subsidy is diminished by -x for every dollar earned through employment in excess of that.
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Which speaker most supports the ideals of a command economy?
Speaker 1: Economies today are too complicated. People should have simple
lives and just do the jobs their families have done for generations.
Speaker 2: Private corporations care only about profits, not about people. The
government should take over the corporations and put the workers in charge.
Speaker 3: The government needs to stop interfering with the economy.
Big companies are rich because they do a good job providing the goods
everyone needs.
Speaker 4: People are too extreme in their economic viewpoints. There should
be a middle ground between total corporate freedom and the government
running the economy.
A. Speaker 3
B. Speaker 4
C. Speaker 2
O
o
D. Speaker 1
Answers
Answer: SPEAKER 2
Explanation:
Speaker 2: Private corporations care only about profits, not about people. This is the correct option.
What are Private corporations?Private corporations, also known as privately-held companies, are businesses that are owned by a small group of individuals or entities and are not publicly traded on stock exchanges.
Private corporations are not required to disclose their financial information to the public, which allows them to maintain greater control over their operations and strategic decisions.
Some examples of private corporations include family-owned businesses, small and medium-sized enterprises, and startups. Private corporations can operate in a variety of industries, including manufacturing, retail, services, and technology.
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What is the most popular brand in the world?
Answers
Answer:
I would say Amazon
Explanation:
Answer:
Apple!
Explanation:
Ranks # 1
A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 4% and the register total amounted to $295100, what is the amount of the sales taxes owed to the taxing agency?
Answers
295,100/0.04 is 11,804
$10,850 is the amount of the sales taxes owed to the taxing agency. Option (a) is correct.
What do you mean by Tax?Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
Amount given in the question of $282,100 included 4% sales tax on sales.
If the total sales is $100, then sales tax on sale will be $4 (100*4%) and total amount will be equal to $104 ($100 sales+$4 sales tax on sale).
So from the above explanation, sales tax is segregated from total amount which is shown as follows:-
Sales Tax on Sales = (Total Amount/104)*4
= ($282,100/104)*4 = $10,850
Sales = Total amount - Sales tax
= $282,100 - $10,850 = $271,250
Therefore, Option (a) is correct, The amount of the sales taxes owed to the taxing agency is $10,850.
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Your question is incomplete, your question will be;
A retail store does not segregate sales from the amount of sales tax on sales. If the sales tax rate is 4% and the register total amounted to $282100, what is the amount of the sales taxes owed to the taxing agency?
(a) $10850
(b) $282100
(c) $271250
(d) $11284
You have a chance to lend $6,500 at 5.25% interest for 95 days. If you charge ordinary interest, how much will you earn?
Answers
Answer:
you would earn $88.82
Explanation:
regular interest rates go annually making the number seem like it would be higher but since its only for 95 days you don't earn all that much and just incase -6,500 + 6588.82 = 88.82.
A homeowner bought a homeowner's insurance policy The homeowner pays an annual 5650 premium for property coverage with a deductible is $1,175 for each claim A windstorm causes $42.500 in damages. If a claim for the full amount
of damages is approved, how much will the homeowner's insurance company pay for the damages?
O $42,500
O$41.325
O$41,975
$40.825
Answers
The homeowner's insurance company will pay for the damages an amount of $41,325.
What is an insurance?Insurance is financial product that provides protection against the potential financial losses. It works on the principle of risk-sharing, where a large number of individuals or organizations pool their money together to create a fund that can be used to compensate for losses that might occur to any member of the group. In exchange for a premium, an insurance company promises to pay out a certain amount of money in case of a covered event such as illness, accidents, or property damage. The purpose of insurance is to provide a sense of security and financial stability to individuals and organizations, enabling them to manage risks and protect themselves against unforeseen events.
Insurance company will pay= $42,500 - $1,175 = $41,325
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A defensive attitude demonstrates a lack of maturity and respect for authority.
Answers
Defensive behavior is defined as that behavior which occurs when an individual perceives threat or anticipates threat in the group. The person who behaves defensively, even though he or she also gives some attention to the common task, devotes an appreciable portion of energy to defending himself or herself.
Answer:
The statement is True.
Explanation:
Defensive attitude is an attitude in which a person tries to defend himself. He tries to defend his actions and words in front of others. That person tries to protect himself, his actions, his sayings in this attitude. So when a person is just trying to protect his actions, he is actually showing a lack of maturity. He needs to speak up without any fear if he is on right side. People sometimes get on the defensive side just in respect for the authority or in respect of the elders, or in respect of the situation. Defensive attitude is usually seen by the employees in an organization which shows such behavior due to the respect of authority.
The University Store, Incorporated is the major bookseller for four nearby colleges. An income statement for the first quarter of the year is presented below: University Store, Incorporated Income Statement For the Quarter Ended March 31 Sales $ 800,000 Cost of goods sold 560,000 Gross margin 240,000 Selling and administrative expenses: Selling $ 100,000 Administrative 110,000 210,000 Net operating income $ 30,000 On average, a book sells for $40.00. Variable selling expenses are $3.00 per book; the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed.The contribution margin for the University Store for the first quarter is: A) $660,000 B) $700,000 C) $180,000 D) $140,000
Answers
Answer:
The University Store
The contribution margin for the University Store for the first quarter is:
= D) $140,000
Explanation:
a) Data and Calculations:
University Store,
Incorporated Income Statement
For the Quarter Ended March 31
Sales $ 800,000
Cost of goods sold 560,000
Gross margin 240,000
Selling and administrative expenses:
Selling $ 100,000
Administrative 110,000 210,000
Net operating income $ 30,000
Selling price per book = $40.00
Variable selling expenses per book = $3.00
Variable administrative expenses = 5% of sales
Sales Revenue $800,000
Cost of goods sold 560,000
Selling expense 60,000
Admin. expense 40,000
Total variable costs 660,000
Contribution margin 140,000
Entre preurship has been described In many ways by many people. In fact There is currently no global defination of entrepreneurship. provide a brief discussion that brings out at least 3 (three) different ways entrepreneurship in which described. has been your discussion must show why these descriptions and not really defination
Answers
Entrepreneurship is described as: the creation of new businesses or the pursuit of innovations, Innovation and risk-taking
What is Entrepreneurship?Entrepreneurship is a broad and multifaceted concept that has been described in various ways by different people. However, there is no universal or agreed-upon definition of entrepreneurship, as it can take on different meanings and roles depending on the context and perspective. Here are three different ways in which entrepreneurship has been described:
The creation of new businesses: Entrepreneurship is often associated with the creation and establishment of new businesses, particularly small and medium-sized enterprises (SMEs). Entrepreneurs are seen as individuals who identify market opportunities and gaps, develop innovative ideas and solutions, and take the risk of starting a new venture.
Innovation and risk-taking: Another common view of entrepreneurship is that it involves innovation and risk-taking. Entrepreneurs are seen as individuals who are willing to take risks and challenge the status quo, whether by introducing new products or services, developing new technologies, or pursuing new markets. Entrepreneurship is often seen as a catalyst for economic growth and development, as it fosters innovation, competition, and job creation.
Personal characteristics and behaviors: Some scholars and practitioners argue that entrepreneurship is not just about the creation of new businesses or the pursuit of innovation, but also about certain personal characteristics and behaviors. These might include qualities such as creativity, perseverance, adaptability, and a willingness to learn from failure. Entrepreneurship is seen as a mindset or approach to life, rather than just a specific activity or outcome.
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In a recent survey of your major customers, you were disappointed to find that a majority of customers rated your company poorly on training and technical support for your products. You and your team have a made a firm commitment to improve this situation immediately using digital media.
Which of the following digital media tactics should you implement to most effectively address this issue for your customers?
a. You should establish one email address that customers can use to send emails about their problems with your products.
b. You should set up a video-sharing site where customers can upload videos of themselves explaining their problems with your products.
c. Start a blog for marketers to explain how much time and money the firm spends on training and technical support.
d. You should create a series of product demonstration podcasts for your customers to access online at their convenience.
e. You should create a virtual site for your customers to interact in a three-dimensional world.
Answers
Answer:
A. You should establish one email address that customers can use to send emails about their problems with your products.
What are some large-scale economic shifts that have created our present service economy
Answers
The capitalist system in the United States is one of the large-scale economic shifts that have created our present service economy
What is meant by an economic shift?Economic change, which can be characterized as a change in the economy's structure, policies, or growth, is one of the external factors that influence company decision-making.
Every country's economy has expansionary and contractionary eras. The levels of employment, productivity, and the overall demand and supply of the country's goods and services are what lead to these changes. These adjustments cause short-term expansionary and deflationary episodes.
An economic system known as a service economy is one in which the provision of services, as opposed to the production of products, is the primary activity. Road construction, medical treatment, food, lodging, and other professional services are some of these services.
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what is operating a vocation? explain with example.
Answers
I'm not really sure about that tho
Kensington, Inc. is considering an investment in new equipment. The equipment has a payback period of 5.25 years and it has equal annual cash flows. The equipment has no salvage value will be depreciated straight-line over its 8-year useful life. If the new equipment’s initial cost is $33,600, what are the equal annual cash flows?
Answers
The equal annual cash flows come out to be $6,400 when the payback period is 5.25 years and the cost of equipment is $33,600.
What is a payback period?The payback period is a method of capital budgeting that tells about how many years the invested amount is recovered back.
Given values:
Payback period: 5.25 years
Cost of equipment: $33,600
Computation of equal annual cash flows:
\(\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\rm\ Cost \rm\ of \rm\ equipment}{\rm\ Payback \rm\ period} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\$33,600}{5.25 years} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\$6,400\)
Therefore, when the investment in equipment is $33,600 and the payback period is 5.25 years then the annual cash flows come out to be $6,400.
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In the current year, Riflebird Company had operating income of $220,000, operating expenses of $175,000, and a long-term capital loss of $10,000. How do Riflebird Company and Roger, the sole owner of Riflebird, report this information on their respective Federal income tax returns for the current year under the following assumptions?
a. Riflebird Company is a proprietorship (Roger did not make any withdrawals from the business). Roger reports $ ________ net operating profit and $_______ long-term capital loss on his tax return.
b. Riflebird Company is a C corporation (no dividends were paid during the year). Roger reports $__________ net operating profit and $________ long-term capital loss on his tax return.
Answers
Answer:
a. Riflebird Company is a SOLE proprietorship (Roger did not make any withdrawals from the business). Roger reports $45,000 net operating profit and $10,000 long-term capital loss on his tax return.
Sole proprietorships are not taxed directly ,they are pass through entities. Their sole proprietor is taxed, and since individuals get taxed differently for ordinary income than capital income, they must segregate them.
b. Riflebird Company is a C corporation (no dividends were paid during the year). Roger reports $35,000 net operating profit and $0 long-term capital loss on his tax return.
Corporations do not segregate capital gains from ordinary income, so they must include them together in their income taxes.
Match the type of unethical behavior with the area of business.
To match the items, click the description of behavior, and then click the area of business.
Carlos begins using a company name that is identical
to another company's trademarked name.
Production
Justine's company runs advertisements that promote
unhealthy snack foods to children.
Intellectual Property
Gavin's company lies to investors about its profits.
Employee Treatment
The process of making Fiona's product pollutes a
nearby lake.
Marketing and Sales
Sienna reveals private information about workers to a
news publication
Finance
Top of Page
Need help ASAP!!
Answers
__4__
Production
__3__
Finance
__5__
Employee Treatment
__2__
Marketing and Sales
__1__
Intellectual Property
1.
Carlos begins using a company name that is identical to another company's trademarked name.
2.
Justine's company runs advertisements that promote unhealthy snack foods to children.
3.
Gavin's company lies to investors about its profits.
4.
The process of making Fiona's product pollutes a nearby lake.
5.
Sienna reveals private information about workers to a news publication.
Answer:
1. Carlos begins using a company name that is identical to another company's trademarked name = Intellectual Property
2. Justine's company runs advertisements that promote unhealthy snack foods to children = Marketing and Sales
3. Gavin's company lies to investors about its profits = finace
4. The process of making Fiona's product pollutes a nearby lake = production
5. Sienna reveals private information about workers to a news publication = employee treatment
The headquarters, seller, and supplier of the service or method of operation of a franchise is called the: Group of answer choices franchisee franchisor contractee provisioner direct seller
Answers
Answer:
franchisor
Explanation:
Franchise is a license consisting of a contractual arrangement between a parent company and another, that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.
One of the main advantages of a franchise is that, franchisers such as McDonald do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee.
For instance, Mr Biggs could give the authority to an individual or group of people which would enable them to do the same business in another geographical location.
Hence, franchise is a license that allows individuals or group of people knowledge, processes, trademarks to provide a service.
The headquarters, seller, and supplier of the service or method of operation of a franchise is called the franchisor.
Tanya has money that she wants to leave to her grandchildren after she dies, but she doesn't want them to have to pay an inheritance tax. What
is the BEST way for Tanya to leave money to her grandchildren tax-free?
OA. Put all of her money into a 401k.
OB. Start gifting each of them $15,000 per year now.
OC. Put all of her money into stocks and bonds.
OD Start gifting each of them $25,000 per year now.
Answers
Answer:
B. Start gifting each of them 15k per year now.
Explanation: 15k is the max amount of money you can gift someone per year without taxation!
Every other answer besides B would require some sort of tax to pay!
Answer:
B. Start gifting each of them $15,000 per year now.
Explanation:
$15,000 is the max amount someone gave give out per year without getting taxed.
Every other answer choice would require some sort of tax!
6. Why do employees often feel that appraisals “highlight all the bad things they did all year?”
Answers
Explanation: This is accepted by many employees that their senior discriminate them on aspects of gender, race, colour, etc in spite of work performance only. They claim to take personal revenge too sometimes. So this is a danger for work ethics
Answer:
Explanation:
Performance appraisal is the method by which the performance of an employee is determined by the employer. It's main purpose is to eliminate the performance deficiencies of the employees. It is a part of career management.
The appraisals stress on the need to have more efficient employee and the deficiencies of the employee pointed out by the appraisal are overcome by the employee by taking the required training. Thus the employees feel that appraisals highlight all the bad things they did al year.
Which type of market is the least likely to have an official currency? closed economy command economy traditional economy mixed market economy
Answers
Answer:
It is called "traditional economy" to the set of ideas, systems and economic planning of a basic and customary cut, where decisions are made through a hierarchical structure where the group leader decides based on what he considers as his own and correct , based on religious, traditional or common sense issues.
This type of economy, characteristic of the totalitarian regimes of old, is not used today. Traces of this type of organization are only found in tribal societies in Africa and Asia.
The type of market is the least likely to have an official currency is traditional economy.
What is traditional economy?A traditional economy is an economic system that is rooted in a culture, tradition and needs rather than being centred on profit motive.
The traditional economy is known to be original economic system in which it has factors that helps in shaping the services and goods in terms what the economy produces.
The factors that may influence traditional economy are :
CustomsBeliefsTraditionsCultureHence, the type of market is the least likely to have an official currency is traditional economy.
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QUCIK!! How do you merge an excel sheet with a word document??
Answers
Explanation:
Instead of a mail merge from Excel to Word, you can simply copy and paste the excel sheet from excel to word directly, the worse case is to do some small editing and formatting, or you can decide to keep source formatting all this are prompt you will get to encounter when performing the operation
A style guide, such as an MLA manual, will assist you in:
a
Correctly using grammar and punctuation
b
Helping you check your spelling
c
Formatting your references correctly
d
None of these are correct uses for style guide
Answers
Answer:
d
Explanation:
A style guide, such as an MLA manual, will assist you in "None of these are correct uses for style guide". The correct option is D.
A style guide like an MLA manual, serves multiple functions beyond grammar, punctuation, spelling or formatting references. It provides a structured framework for consistency in various communication aspects.
It guides writers in maintaining a uniform tone, style, and formatting across documents, ensuring clarity and professionalism.
The guidelines for layout, headings, citations, and visual elements, a style guide supports effective communication, fosters credibility, and aligns written materials with a specific purpose or brand identity.
Therefore, the correct option is D.
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A successful IS implementation adds to an organization’s efficiency and ____. A successful implementation also makes the organization more ____.
Answers
Answer:
A successful IS implementation adds to an organization’s efficiency and _effectiveness___. A successful implementation also makes the organization more _agile___.
Explanation:
Information System (IS) successfully implemented enables an organization to accomplish more with less resources. Its processes are streamlined and better clarified. The individuals handling the processes understand their purposes because of the added clarity by successful IS implementation. The flow of information across the organization becomes seamless with communication frictions drastically reduced.
With this increased efficiency, it becomes easier for the organization to accomplish set goals and improve its business performance and outcomes. The organization becomes effective in achieving desired results. The agility of the organization to pursue market opportunities is greatly enhanced with the successful implementation of IS. These benefits and more are achieved by any organization that successful implements its information systems to serve its needs and those of its stakeholders.
In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of _____ and ______. volume; scale
strain; tare
quality: yield
weight: gauge
Answers
Answer: quality: yield is correct
Explanation: Took the test
In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of quality and yield. Thus, option (c) is correct.
What is food?The term “food” refers to an edible and consumable material that provides the body with nutrition and vitamins to maintain itself. Plants, humans, animals, and birds all typically eat food. fruits, vegetables, legumes, dairy, and other nutrient-dense foods. The body need the food in order to function, thus it was consumed.
According to the food service sector, was the offered the information of the food as well as the grade of the cuisine. It instructs the cook on what ingredients to use, how to utilize them, and any nutrition facts that may be useful. A recipe's yield is the number of servings it will make.
Therefore, option (c) is correct.
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Americas bank just found out that the us department of labor passed a new law
Answers
Americas bank just found the minimum wage and minimum compensation for overtime-exempt workers are rising, agricultural overtime eligibility is growing, rideshare drivers are getting access to minimum trip pay.
What are the top three responsibilities of a bank?Traveler's checks, letters of credit, etc. are distributed by banks. offering safe deposit boxes or lockers as well for the storage of valuables, important documents, and securities On behalf of its clients' continuing assurance, etc. The most important banking services are those relating to checking and savings accounts, loans and mortgages, wealth management, issuing credit and debit cards, and overdraft services.
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the necessity of marketing and advertising for any business
Answers
Answer:
Marketing is important because it helps you sell your products or services, by advertising your business you are showing more people about it
Explanation:
Which of the following statements is correct?
An externality is a situation where a project would have an adverse effect on some other part of the firm’s overall operations. If the project would have a favorable effect on other operations, then this is not an externality.
An example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank’s other offices to decline
The NPV method automatically deals correctly with externalities, even if the externalities are not specifically identified, but the IRR method does not. This is another reason to favor the NPV
Both the NPV and IRR methods deal correctly with externalities, even if the externalities are not specifically identified. However, the payback method does not
Identifying an externality can never lead to an increase in the calculated NPV
Answers
The correct statement is an example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank's other offices to decline. Thus 2nd option is correct.
What is the meaning of Externality?Externality refers to the outcome of the situation which is affected by the Industrial and commercial activity of the organizations which is not reflected in the market price.
The proper answer is an illustration of an externality is when a bank establishes a new location and the new location results in lower deposits in the bank's other locations.
Therefore, the second choice is the best one.
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The company has a target net income of $206,000. What is the required sales in dollars for the company to meet its target?
Answers
Complete Question:
Blue Spruce Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $240,000 (40% variable and 60% fixed), direct materials $514,000, direct labor $270,800, administrative expenses $280,000 (20% variable and 80% fixed), and manufacturing overhead $376,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
Requirement:
The company has a target net income of $206,000. What is the required sales in dollars for the company to meet its target?
Answer:
$2,747,200
Explanation:
We can calculate the target sales by using the following following formula:
Target Sales = (Fixed Cost + Target Net Income) / Contribution to Sales Ratio (Step1)
Here
Target Net Income is $206,000
Fixed Cost includes 60% of selling expenses $240,000 (100%), 80% of administrative expenses $280,000 (100%) and 30% of manufacturing overhead $376,000 (100%).
This means that:
Total Fixed Cost = 60% * $240,000 + 80% * $280,000 + 30% * $376,000
Fixed Cost = $144,000 + $224,000 + $112,800
Fixed Cost = $480,800
Contribution to Sales ration is 25%
By putting values in the above equation, we have:
Target Sales = ($480,800 + $206,000) / 25% = $2,747,200Step1: Find Contribution to Sales Ratio
As we know that:
Contribution to Sales Ratio = (Selling Price per Unit (Step2) - Variable Cost per Unit (Step3) ) / Selling Price per Unit
Here
Selling Price per unit is $16 per Unit
Variable Cost per Unit is $12 per Unit
Contribution Sales Ratio is 25%
By putting values, we have:
Contribution Sales Ratio = ($16 per Unit - $12 per Unit) / $16 per Unit
Contribution Sales Ratio = 25%
Step2: Find Selling Price Per Unit
Selling price per unit = Total sales / Total units = $1,600,000 / 100,000 Units
Selling price per unit = $16 per Unit
Step3: Find Variable Cost per unit
Here, the first thing that we would compute will be total variable cost and then we will calculate variable cost per unit.
Here
Total Variable Cost = (Selling expenses $240,000 * 40%) + (Direct Material Cost $514,000) + (Direct Labor Cost of $270,800) + (Administrative expenses of $280,000 * 20%) + (Manufacturing overhead $376,000 * 70%)
Total Variable Cost = ($240,000 * 40%) + ($514,000) + ($270,800) + ($280,000 * 20%) + ($376,000 * 70%)
= $96,000 + $514,000 + $270,800 + $56,000 + $263,200
Total Variable Cost = $1,200,000 for 100,000 Units
Variable Cost For single unit = $1,200,000 / 100,000 Units
Variable Cost per Unit = $12 per Unit
What is a difference between a cover letter and an introduction statement?
You only need to use formal language in an introduction statement.
A cover letter is typically submitted with a resume. An introduction statement is used with online applications.
Introduction statement are more detailed than cover letters.
A cover letter is much shorter than an introduction statement.
Answers
The difference between a cover letter and an introduction statement is that C. A cover letter is typically submitted with a resume. An introduction statement is used with online applications.
What is a cover letter?Although they have a similar format, a cover letter and an introduction letter serve very different purposes. A letter of introduction informs a potential employer of your qualifications and expresses your desire to be considered for a position. In response to a recent job posting, a cover letter is written.
The main distinction is that a supporting statement is included in the application form and responds to questions like "Please explain why you are perfect for this role," whereas a cover letter is typically sent separately from your CV.
In a cover letter for a job application, you can introduce yourself personally and argue why hiring you would be wise. Include specific examples from your prior experience that show you are qualified for the position in your cover letter, which should be three paragraphs or less long.
Therefore, based on the information illustrated, the correct option is C.
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