SnowDream operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Investors would like to earn a 14 % return on investment on the company's $ 183,750,000 of assets. The company primarily incurs fixed costs to groom the runs and operate the lifts. SnowDream projects fixed costs to be $ 33,000,000 for the ski season. The resort serves about 725,000 skiers and snowboarders each season. Variable costs are about $ 12 per guest. Currently, the resort has such a favorable reputation among skiers and snowboarders that it has some control over the lift ticket prices.. Assume that SnowDream's reputation has diminished and other resorts in the vicinity are charging only $ 62 per lift ticket. SnowDream has become a price-taker and won't be able to charge more than its competitors. At the market price, SnowDream's managers believe they will still serve 752,000 skiers and snowboarders each season.
A. If SnowDream can't reduce its costs, what profit will it earn? State your answer in dollars and as a percent of assets.
B. Will investors be happy with the profit level? Show your analysis.
C. Calculate SnowDream's projected income and excess profit or shortfall.
Answers
Answer:
company's assets = $183,750,000
expected return on investment = 14%
fixed costs = $33,000,000
number of customers = 725,000
variable costs = $12 per customer x 725,000 = $8,700,000
price per ticket = $62
total expected revenue = $62 x 725,000 = $44,950,000
A. If SnowDream can't reduce its costs, what profit will it earn? State your answer in dollars and as a percent of assets.
expected profit = total revenue - total variable costs - total fixed costs = $44,950,000 - $8,700,000 - $33,000,000 = $3,250,000
B. Will investors be happy with the profit level? Show your analysis.
expected return on investment = $3,250,000 / $183,750,000 = 1.77%, which means that investors will not be happy with the profit level.
C. Calculate SnowDream's projected income and excess profit or shortfall.
SnowDreamProjected Income Statement
Total revenues $44,950,000
- Variable costs ($8,700,000)
Gross profit $36,250,000
- Operating expenses ($33,000,000)
Net income $3,250,000
Related Questions
Managers are responsible for helping company's code of ethics. to understand and follow their
Answers
Answer:
Yes, managers play an important role in helping employees understand and follow their company’s code of ethics. A code of ethics is a set of guidelines that outlines the ethical standards and values that a company expects its employees to uphold. Managers are responsible for communicating the code of ethics to their employees, providing training and guidance on ethical behavior, and ensuring that employees comply with the code. By promoting ethical behavior and leading by example, managers can help create a positive and ethical work environment.
Explanation:
She wants a career that lets her travel to different companies and show workers there how to use complex software. Which term BEST describes Mara’s career goal? team-building specialist external trainer internal trainer cohesion specialist
Answers
The term that describes Mara’s career goal is to be an external trainer. Option (b) is correct.
What do you mean by cohesion specialist?Plan social cohesion activities centered around your neighborhood, ensuring the use of Do No Harm and conflict-sensitive strategies is a Cohesion specialist.
External training is distinguished by the possibility that the instructors have more extensive training backgrounds and more in-depth theoretical and practical knowledge. Employees can get a different perspective and learn about new methods thanks to external training, which also brings ideas from outside the organization.
Therefore, Option (b) is correct.
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In September, 65,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.)
Answers
Compared to the budget, actual net income is not favorable. Looking at it does not reveal why the differences arose. As an illustration, were more units sold Was the sale price different from what was anticipated Costs increased. Or did it involve everything said previously
Management needs solutions to questions of this nature. An examination of this budget report reveals that sales were really 17,500 pickup trucks rather than the 17,000 pickup trucks anticipated; the average selling price was $14.80 rather than the anticipated $15.00; and the cost per truck was $11.25 as intended.
What does a Flexible Budget's primary goal entail?An essential management tool is a flexible budget. It aids in determining the anticipated costs, earnings, and profitability of the company.
The flexible budget can also be updated to reflect the actual activity level at the conclusion of the accounting period and utilized for variance analysis because it is not rigid.
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If the points on a scatterplot fall on a nearly straight line sloping upward, what do the two variables have? Explain your reasoning.
________________________________
Choose the correct answer below.
A.A strong positive correlation. A positive correlation is when both variables increase or decrease together, and a strong correlation is when the two variables lie close to a straight line.
B.A strong positive correlation. A positive correlation is when both variables increase together, and a strong correlation is when the two variables lie exactly on a straight line.
C.No correlation. The given information does not indicate a relationship between the two variables.
D.No correlation. There is only a correlation between two variables when one variable decreases while the other increases.
E.A weak negative correlation. A negative correlation is when both variables increase or decrease together, and a weak correlation is when the two variables lie close to a straight line.
F.A weak negative correlation. A negative correlation is when both variables increase together, and a weak correlation is when the two variables lie exactly on a straight line.
Answers
Option A is correct. Strong positive correlation. A positive correlation is when both variables are increasing or decreasing together, and a strong correlation is when the two variables are close to a straight line.
A positive correlation is a relationship between two variables that run in parallel. In the same direction. A positive correlation occurs when one variable decreases when the other variable decreases, or when one variable increases while the other variable increases. Since these two different variables are moving in the same direction, they are theoretically subject to the same external force.
A positive correlation is when one variable tends to decrease when the other variable decreases, or when one variable tends to increase when the other variable increases.
In finance, correlations are used to describe how individual stocks perform in relation to the broader market.
A beta of 1.0 represents a stock that correlates perfectly with the S&P 500. Values above 1.0 represent stocks with higher volatility than the S&P 500, while lower values represent stocks with lower volatility.
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Do you know the answer?
Answers
Answer:
no
Explanation:its to blurie
here are four statements about production in a firm. which of them are true? if total product is rising, marginal product must also be rising ap microecon
Answers
The Total Product (TP) grows at an increasing rate as the Marginal Product (MP) grows.
What distinguishes the two terms, marginal cost and marginal product?The total cost to create one additional unit of a good or service is known as the marginal cost in economics. Marginal product is the additional output produced by one more unit of input, such as a worker more.
How can I calculate the total and marginal product?At 0 degrees of input employment, the marginal product is unexplained since inputs cannot accept negative values. The total product is equal to the sum of the marginal products of all previous units of an input, regardless of its degree. Therefore, the sum of marginal products is the total product.
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justify the effectiveness of personal selling as the best method of promoting a business product
Answers
Personal selling is more effective than advertising when the customer base is small and widespread. Small because the sales force cannot reach every individual and widespread so that multiple salesmen can cover different areas and sell their products or services to people of that area.
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what are the various level of professions
Answers
Answer:
Entry-level. Intermediate. Mid-level. Senior or executive-level.
Answer
Basic level.
Basic level.Medium level.
Basic level.Medium level.High level.
Column A of Irma’s spreadsheet contains titles for each row, but her document is too big and will be printed three pages across. She wants to be sure that every page will be understood. What can Irma do to help with this problem? A. She can use freeze panes. B. She can use print titles. C. She can use split boxes. D. She can use page breaks.
Answers
Answer:
A. She can use freeze panes.
Freeze panes is a feature in spreadsheet software that allows a user to keep the top rows or columns visible while scrolling through the rest of the document. This can be useful in Irma's case, where the document is too big and will be printed across multiple pages, to ensure that the titles for each row will be visible on every page, making it easier for the reader to understand the content.
B. She can use print titles, it is also a feature in spreadsheet software that allows a user to specify which rows or columns should be repeated at the top of each page when the document is printed.
It will also help Irma to make sure the titles of each row will be visible on every page.
as the tax assessor for Indian creek county, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $800,000,000. currently, the assessment rate is 35% and the tax rate is 40 mils. The county commission increases the assessment rate to 45% and the tax rate to 45 mils
Answers
Answer:
this didnt make sense but ok
Explanation:
If a minimum wage increase helps some people but harms other’s people, is it a good policy?
Answers
If a minimum wage increase helps some people but harms others, it is still a good policy. A minimum wage increase would be a good policy because it benefits those who are struggling to make ends meet and could use a little extra income to pay for essentials such as rent, food, and utilities.
Additionally, when low-wage workers earn more money, they have more money to spend, which stimulates the economy. Workers earning minimum wage are more likely to spend the additional money they earn, resulting in increased consumer spending. This, in turn, can lead to increased business activity and job creation. Higher wages also help to reduce poverty and improve social mobility, which has a positive effect on society as a whole.
However, it is essential to recognize that a minimum wage increase could cause harm to some people and businesses. Companies may need to reduce their workforce to cut costs, and some employees may lose their jobs as a result. Furthermore, if the price of goods and services increases due to higher wages, some consumers may be priced out of the market, resulting in reduced sales and profits for businesses.
Nevertheless, the benefits of a minimum wage increase outweigh the drawbacks. A minimum wage increase is a necessary step in ensuring that low-wage workers are paid a living wage and that our economy is stimulated.
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Elmer received the following distributions from Virginiana Mutual Fund for the calendar year 2022 : - Ordinary dividends $695 - Capital gain distributions $315 - Nontaxable distributions $680 Elsie, Elmer's wife, did not own any of the Virginiana Mutual Fund shares, but she did receive $867 in dividends from Vanguard Investments and $298 in interest on California Municipal Bonds. Elmer and Elsie filed a joint income tax return for 2022 What amount is reportable as taxable dividend income?
Answers
$1,197 is the amount of reportable taxable dividend income for Elmer and Elsie on their joint income tax return for 2022.
What is taxable dividend?
A taxable dividend is a portion of a company's profits that is paid out to its shareholders and is subject to taxation by the government. When a company pays a dividend, it distributes a portion of its after-tax earnings to its shareholders, and those shareholders are required to report the dividend as taxable income on their personal tax returns. The tax rate for dividends can vary depending on the recipient's income level and other factors, but generally, they are taxed at a lower rate than ordinary income.
To determine the taxable dividend income for Elmer and Elsie, we need to first add up their total dividend income and then subtract any non-taxable distributions.
Elmer's taxable dividend income is:
Ordinary dividends: $695Capital gain distributions: $315Total taxable dividend income for Elmer = $695 + $315 = $1,010
Elsie's taxable dividend income is:
Dividends from Vanguard Investments: $867Total taxable dividend income for Elsie = $867
Now, we add up the total taxable dividend income for Elmer and Elsie:
$1,010 (Elmer's taxable dividend income) + $867 (Elsie's taxable dividend income) = $1,877
Finally, we need to subtract any non-taxable distributions:
Nontaxable distributions from Virginiana Mutual Fund: $680Taxable dividend income for Elmer and Elsie = $1,877 - $680 = $1,197
Therefore, $1,197 is the amount of reportable taxable dividend income for Elmer and Elsie on their joint income tax return for 2022.
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Which best describes an employer of Consumer Services workers? O a manager of a retail store a principal of a private school O a worker in a spa an archbishop in a church
Answers
A manager of a retail store and a principal of a private school, Best describes an employer of Consumer Services workers.
What are customers?A client is a person who purchases goods, services, or ideas from a seller, vendor, or supplier in exchange for money or another useful consideration. This definition applies to sales, commerce, and economics.
An individual or business that purchases goods or services from another company is known as a customer. Customers are crucial to businesses because they generate income; without them, they would cease to exist.
Customers' queries and worries should be heard, and any necessary responses should be given. Describe items and services in detail. Take orders, compute costs, and handle invoicing or payment processing. Examine customer accounts and make any required adjustments.
Therefore, option (A) is correct.
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Why is it good to have home equity
Answers
#CarryOnLearning
Compare the role of grocery sales in Amazon and Walmart’s business strategies.
Answers
The business models of Amazon and Walmart differ when it comes to sales in the supermarkets.
Amazon: Grocery sales are a significant component of Amazon's overall business strategy since the company intends to give customers a holistic shopping experience that covers all aspects of their lives, including food and household items. Amazon's grocery section aims to give customers a straightforward online shopping experience with speedy deliveries of a range of products, including fresh groceries and pantry basics.
Walmart: Contrarily, shoppers are more interested with offering a large selection and affordable prices in Walmart's grocery sales. Walmart's food sector is a part of its larger retail operations, and the company utilizes its extensive physical location network to offer customers a pleasurable shopping experience whether they are making purchases in-store or online. Walmart has also made large investments in its grocery collection, offering a wide range of reasonably priced pantry staples in addition to fresh produce, meats, and dairy products.
As a result, even though both Amazon and Walmart have a substantial presence in the grocery sales sector, their approaches are different, with Walmart emphasizing cheap pricing and in-store availability and Amazon focusing on low costs and online convenience.
A company's business strategy encompasses all decisions made and activities taken in order to fulfill its larger goal. By comprehending business strategy and successfully implementing it, companies can become leaders in their respective industries.
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1. Why do younger, male pay more for car insurance? Why do you believe single people pay more for car insurance than married couples?
Answers
average, a married driver pays $160 less per year for car insurance than does a single, unmarried driver. While being married doesn't necessarily make you a better driver, historical data show married couples are more likely to share driving responsibilities than single people.
Hi army
gud nyt
0
Of these common educational requirements for Law, Public Safety, and Security careers, which are you most
interested in achieving? Check all that apply.
high school diploma
traditional two- or four-year college degree
advanced degree after a traditional four-year college degree
specialized technical certificate or degree, such as a certificate for expertise in a software program
on their training eynerience
Answers
Answer:
There is no right or wrong answer, it is based off of your own opinion
Explanation:
:) Hope I cleared the confusion (:
Answers
traditional two- or four-year college degree
advanced degree after a traditional four-year college degree
specialized technical certificate or degree, such as a certificate for expertise in a software program
a corporation may repurchase its shares of stock because management
Answers
Answer: the management believe that the stock is undervalued
Explanation:
Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
Answers
Cumulative preference shares: These are types of shares where shareholders are given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Non-cumulative preference shares: These are types of shares where shareholders are not given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Participating preference shares: With participating preference shares, the issuing company must pay an increased dividend to the owners of preference shares if there is a participation clause in the share agreement. This clause states that a certain portion of earnings (or of the dividends issued to the owners of common stock) will be distributed to the owners of preferences shares in the form of additional dividends.
Convertible preference shares: These are preference shares that can be converted into common stock if a shareholder wants to change its holding position. They are converted into a predetermined number of preference stocks.
Non-convertible preference shares: These are preference shares where the holder of a preference share has not been conferred the right to get their holding converted into equity share.
Redeemable preference shares: These are preference shares that can be repurchased or redeemed by the issuing company at a fixed rate and date.
In summary, a company can issue different types of preference shares, including cumulative, non-cumulative, participating, convertible, non-convertible, and redeemable preference shares.
I have one problem in solving this accounts question. Please help me to find this answer
Answers
Based on the information, the Account to be debited and Account to be credited so given below.
How to explain the information(a) Bought office machinery on credit from D Isaacs Ltd.
Account to be debited - Office Machinery
Account to be credited - Accounts Payable (D Isaacs Ltd)
(b) The proprietor paid a creditor, C Jones, from his private funds.
Account to be debited - Accounts Payable (C Jones)
Account to be credited - Owner's Equity (Private Funds)
(c) A debtor, N Fox, paid us in cash.
Account to be debited - Cash
Accounts Receivable (N Fox)
(d) Repaid part of loan from P Exeter by cheque.
Account to be debited - Loans Payable (P Exeter)
Cash
(e) Returned some office machinery to D Isaacs Ltd.
Account to be debited - Accounts Payable (D Isaacs Ltd)
Office Machinery
(f) A debtor, N Lyn, pays us by cheque.
Account to be debited - Cash
Accounts Receivable (N Lyn)
(g) Bought van by cash.
Account to be debited - Van
Cash
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A description of your specific goals. Consider addressing the financial
discussion process as part of this section, what have you learned
from your peers?
Answers
A crucial part of this process is understanding the financial discussion, including the financial planning process, to ensure that your goals are attainable and sustainable in the long term.
Additionally, learning from peers and experts in the field can provide valuable insights into effective goal-setting strategies and financial planning methods. To start, specific goals must be measurable and realistic to achieve. Setting a goal to save $10,000 in a year is a good example of a specific goal that is achievable.
As part of the financial discussion process, it is essential to analyze your current financial situation and determine how much money you have available to invest in your goal. A personal budget is an excellent tool for this task. Budgeting helps to track your income and expenses to get an accurate picture of your financial situation. Once you have established your goals and analyzed your finances, you can begin to determine how to allocate your resources to achieve your goals.
Peer learning can be a valuable tool to gain insights into the best strategies for achieving financial goals. For example, a peer may have successfully paid off their student loans using a specific strategy that you could adopt or modify to suit your financial goals.
In conclusion, setting specific goals requires a clear understanding of your current financial situation, including income, expenses, and financial assets. Developing effective strategies and leveraging the insights gained from peers can help you achieve your goals. The financial discussion process helps to ensure that your goals are sustainable and realistic to achieve in the long term.
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Which of the following would you classify as a true emergency? A. Overdrawing your checking account B. Losing your job C. Wanting tickets to a sold-out concert D. Having a balance on a credit card with 19.5% interest
Answers
Answer: B
Explanation:
Which of the following types of courts are the most prevalent nationwide?
Answers
A trial court is a type of court that is the most prevalent nationwide.
What is a court?A court can be defined as an enclosed space, where legal practitioners (judges, lawyers or attorneys and a jury) converge to hold judicial proceedings, especially by listening to evidences and giving a verdict about legal cases.
Within the Judicial system, the four (4) stages of the judicial process are:
PretrialTrialDispositionAppeals.What is a trial court?A trial court can be defined as a court with original jurisdiction and as such it is a type of court where issues of fact, evidence, laws, and testimony for a litigation are first received, considered and decided.
This ultimately implies that, a trial court is a type of court that is the most prevalent nationwide.
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Which of the following areas of sports law most related to antitrust?
A. Contracts
B. Monopoly
C. Fan Safety
D. Memorabilia
Which area of sports management is least affected by the law?
A. League regulations
B. Game Outcomes
C. Antitrust
D. Contracts
Answers
There isn't any particular legislation. The Contracts Act mostly regulates sports law. According to Gaurang Kanth, the phrase "sports law" is used to refer to a broad range of legal concerns pertaining to different sports, including amateur and professional sports played on a national and worldwide level. Introduction. As long as people have existed as purposeful, athletic, and active beings, sports have existed. According to Gaurang Kanth, the phrase "sports law" is used to refer to a broad range of legal concerns pertaining to different sports.
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many state legislators have decided to take on crime and other forms of delinquency in schools through zero tolerance policies. They believe that
dentifying and removing disruptive or poorly performing students will improve the overall quality of the school. What does this argument fail to
address?
A. It ignores the fact that the problem can only be solved at an individual level.
B. It is a person-blame
approach that ignores the role of institutions.
C. This kind of policy fairly targets all students who struggle academically.
D.There is no way to be sure what motivates a student to commit violent acts.
Answers
Answer:
It is a person-blame
approach that ignores the role of institutions.
Explanation:
Hope this helps
A regulation baseball field measures
90 feet between each base. What is the
distance around the bases in meters?
Answers
The distance around the bases is 109.72 meters.
What is baseball?Baseball is described as a game or a sport that includes 9 players on each team. Each of the teams has its round of batting and fielding, and the game is played with a ball and a baseball bat.
It is given that, the distance between each base in the baseball field is 90 feet. There are a total of 4 bases on a baseball field.
The total distance around the bases is 90 feet x 4 = 360 feet.
1 feet = 0.3048 meters
360 feet x 0.3048 meters = 109.72 meters
It can be concluded that the distance around the bases is 109.72 meters.
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The Wordsmith Corporation has 40,000 shares outstanding with a market price of $25 each. The firm expects to raise $200,000 via a rights offering at a subscription price of $20. How many rights must be submitted to acquire one new share?
a. .20
b .25 c. 5.00 d. 1.25 e. 4.00
Answers
If the Wordsmith Corporation has 40,000 shares outstanding with a market price of $25 per share, the purchase price for one new share shall be 4.00 rights.
Calculating the number of rights needed to purchase one new share is as follows:
= Shares outstanding / Shares of rights to be issued
= 40,000 / ($200,000 / $20)
= 40,000 / 10,000
= 4.00
Units of equity ownership in a firm are called shares. For some businesses, shares are a form of financial property that guarantee an equitable dividend distribution of any declared residual earnings. A company that does not pay dividends does not distribute its income to its shareholders. Instead, they look forward to further stock price appreciation and rising business profits.
The two primary types of shares are common shares and preferred shares. Shares serve as a representation of equity capital in a company. Consequently, "shares" and "stock" are frequently used as synonyms.
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The engagement team performed testing of the tax account rollforward and documented the following for testing of the income tax payments for the
current year, "Agreed balance to Tax payments/refunds schedule prepared by the client without exception." Which is the best response as a result of
your review?
Answer the question, then select Confirm
A. You consider the source of the payments/refunds schedule noting it comes from a key system and ITGCs were deemed to be
effective and add this fact to the team's documentation.
B. Additional procedures are not necessary, as the appropriate tie-out procedures were performed.
C. You consider the testing over the accuracy and completeness of management's schedule which has been performed in a
separate EGA, ensure the balance in the rollforward agrees to the testing performed, and enhance the tax team's documentation to
reference the additional testing.
D. As part your review of the team's work, you re-perform their procedures by agreeing the balance to the payments/refunds
schedule obtained from the client.
Confirm
Answers
The best response that you would have as a result of your review would be ; You consider the testing over the accuracy and completeness of management's schedule which has been performed in a separate EGA, ensure the balance in the roll forward agrees to the testing performed, and enhance the tax team's documentation to reference the additional testing.
What does it mean to carry out testing of tax account?This is the term that has to do with the performing of the procedure in such a way that it would be able to take care of an underlying account record or a given transaction.
The answer to this question is option C. You would have to ensure that you consider the testing over the accuracy and completeness of management's schedule.
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Woolies environmental impact in relation to the triple bottom line
Answers
The environmental impact as regard is the Triple bottom is that Woolies has reduced the ways that it sends wastes to landfills and has also embraced the method of recycling.
What is the triple bottom line?This is the term that is used to refer to a sustainable network or frame work that a business may have to adopt. What this means is that they would have to adopt the practice of measuring the success of the business through the eyes of the following elements.
peopleplanetprofitHence The environmental impact as regard is the Triple bottom is that Woolies has reduced the ways that it sends wastes to landfills and has also embraced the method of recycling.
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When a group accepts an alternative in order to end a meeting, the group has reached a(n) __________ decision
Answers
When a group accepts an alternative in order to end a meeting,
they are believed to have reached a satisficing decision.
What is Satisficing?This is regarded as a decision-making strategy which involves
looking for better alternatives till an adequate result is
achieved.
It is common with group of people as most don't like the idea of
meetings so a satisficing approach is involved to ensure
exploration of other alternatives and a conclusion of the
meeting.
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