The goal is not realistic since it will be difficult for the company to achieve 206 shows in a year, especially if it is a traveling show. The goal is not attainable, and the company should find other ways to increase its profitability.
1. Calculation of revenue and variable expenses for each show: Average Show tickets sold per year = 1200
Average cost of ticket = $50
Revenue per show = $50*1200 =$60000
Cost of cast 40 cast members per show earning an average of $320 = 40*$320 = $12,800
Cost of printing programs = $5 per guest * 1200 tickets sold = $6000
Variable Expenses = Cost of cast + Printing Costs = $12,800+$6000 = $18,800
Revenue - Variable Expenses = $60,000-$18,800 = $41,2002.
Computation of the number of shows needed annually to break even: According to the income statement equation, Profit = Revenue - Variable Expenses - Fixed Expenses.
For the company to break even, the profit will be equal to zero. This means that Revenue = Variable Expenses + Fixed Expenses
Revenue per show = $41,200
Variable expenses per show = $18,800
Fixed expenses per year = $1,236,000
Annual Break-even Point = $1,236,000/($41,200-$18,800) = 50.8 shows rounded to 51 shows
The number of shows needed annually to break even is 51.3.
Calculation of the number of shows needed annually to earn a profit of $4,614,400
Using the shortcut unit contribution margin approach, we have the following equation; Unit Contribution Margin = Revenue per show - Variable Expenses per show
Unit Contribution Margin = $41,200 - $18,800
Unit Contribution Margin = $22,400
Required Profit = $4,614,400
Annual Sales = Required Profit/Unit Contribution Margin
Annual Sales = $4,614,400/$22,400 = 206 shows
The company will have to produce 206 shows annually to earn a profit of $4,614,4004.
Hairspray's contribution margin income statement for 120 shows per year, Contribution Margin per show = Revenue per show - Variable Expenses per show= $41,200 - $18,800= $22,400
Contribution Margin for 120 shows = $22,400 * 120 = $2,688,000
Variable Expenses for 120 shows = $18,800 * 120 = $2,256,000
Fixed Expenses for 120 shows = $1,236,000
Contribution Margin Income Statement: Categories Amount Revenue$4,944,000
Variable Expenses($2,256,000)
Contribution Margin$2,688,000
Fixed Expenses($1,236,000)
Net Income$1,452,000
The two categories of expenses are variable and fixed expenses. The total revenue for 120 shows per year is $4,944,000. The variable expenses are $2,256,000, and the contribution margin is $2,688,000.
The fixed expenses for the 120 shows per year are $1,236,000. The net income is $1,452,000. The contribution margin income statement shows the company's ability to generate profits from the sales of its products.
The goal is not realistic since it will be difficult for the company to achieve 206 shows in a year, especially if it is a traveling show. Given that the company has 120 shows annually, adding another 86 shows in a year will be challenging in terms of scheduling, logistics, and human resources.
Furthermore, the costs of production, such as hiring the cast, travel, and accommodation, will significantly increase, and there is a possibility that the show will face a decline in ticket sales as a result of oversaturation of the market. As a result, the goal is not attainable, and the company should find other ways to increase its profitability.
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Inland water transport system does not exist in which state?
Inland water transport systems are used in many states throughout the United States. It is possible that some states may not have as developed or extensive an inland water transport system as others, but it is not accurate to say that any particular state does not have an inland water transport system at all.
Inland water transport systems in the United States generally include rivers, lakes, and canals. These systems are used for a variety of purposes, including transportation of goods, recreation, and hydroelectric power generation. Some examples of states with well-developed inland water transport systems include Minnesota, Arkansas, and Louisiana.
what happens if you overdraw your checking account?
Answer:
Your bank can close your account and report you to a debit bureau, which may make it hard for you to get approved for an account in the future.
Small explanation about autocratic leadership
Answer:
Autocratic leadership is a leadership style characterized by individual control over all decisions with limited input from stakeholders.
Explanation:
It is often described as a style with ultimate authority and power over others. This type of leadership is typically used to establish centralized control and to achieve desired results. It is characterized by highly structured environments, clearly defined rules and processes, and the leader making all major decisions on their own.
This year Truckit reported taxable income of $160,000 and received $20,000 of municipal interest. Truckit paid $55,000 in entertainment expenses and $15,000 in fines and penalties Truckit had $50,000 of accumulated E&P at the beginning of the year. What is Truckit’s current E&P?
Answer: $76,400
Explanation:
GIVEN THE FOLLOWING :
TAXABLE INCOME = $160,000
MUNICIPAL INTEREST = $20,000
ENTERTAINMENT EXPENSE = $55,000
FUN.
CURRENT E&P = (taxable income + interest) - (expenses + Tax deduction).
CURRENT E&P = $160,000 + $20000 - (55000 + 15000 + (160,000*0.21))
CURRENT E&P = 160000 + 20000 - 55000 - 15000 - 33600)
THEREFORE CURRENT E&P = $76,400
, environmental trends and Ethical trends affect a pharmacy business? I need one whole paragraph for them
The negative impact of the production of pharmaceutical products on the natural environment is well known. However, this remains largely unregulated, meaning the extremely toxic impact it has on both animals and humans continues with no clear end in sight.
International organisations and the pharmaceutical industry have begun to notice that the detrimental impact pharma products have on the environment on a global scale.Pharmaceutical products enter the environment at various stages of their life-cycle, but particularly during the production phase. One of the main threats is that discharging antibiotics into the environment can promote the natural development of antibiotic-resistant pathogens that are harder to treat. Lord Jim O’Neill noted this trend in his 2016 UK government-funded independent Review on Antimicrobial Resistance.Although it is a global issue, like other environmental issues, pharma pollution more directly and seriously affects those living near production plants whose water and food sources are contaminated with waste pharma products.Health Care Without Harm (HCWH) Europe runs the Safer Pharma campaign to raise awareness of the negative relationship between pharma and the environment and challenge the healthcare industry to clean up its production.The production of both active pharmaceutical ingredients (APIs) and finished dose antibiotics is concentrated in specific locations so the resulting point, source pollution, is in incredibly high concentrations and encourages the development of drug resistance,” says HCWH Europe pharmaceuticals policy officer Dr Adela Maghear. “This practice has a detrimental impact on vulnerable populations living near manufacturing facilities and wastewater treatment plants in these countries.The pollution of pharma products into the environment also adversely affects animals, particularly fish living in contaminated water. For example, a report published in science journal Nature in 2009 noted that ‘many of Europe’s rivers are home to male fish that are ‘intersex’ and so display female sexual characteristics, including female reproductive anatomy. Some males also produce vitellogenin, a protein normally.
consider a firm operating in a competitive market. the firm is producing 40 units of output, has an average total cost of production equal to $6, and is earning $240 economic profit in the short run. what is the current market price? a. $10 b. $0 c. $6 d. $12
the firm's marginal cost is $6.
The current market price cannot be determined with the given information. In order to determine the market price, we need to know the demand and supply conditions of the market.
However, we can use the information given to calculate the firm's marginal cost, which is the additional cost of producing one more unit of output.
Since the firm is earning an economic profit, we know that its marginal cost must be less than the market price. We can use the profit formula to calculate the firm's marginal cost:
Profit = (Price - Average Total Cost) * Quantity
240 = (P - 6) * 40
P - 6 = 6
P = 12
So, the firm's marginal cost is $6.
If we assume that the firm is a price taker in the market, meaning it cannot influence the market price, then we can conclude that the current market price must be greater than the firm's marginal cost of $6.
Therefore, the answer is d. $12.
However, it is important to note that this is a long answer because it involves multiple steps and assumptions.
Without more information about the market conditions, we cannot be certain about the market price.
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Which of the following criteria is important when identifying a potential
mentor?
A. Whether you admire the person
B. The person's passions outside of work
C. How much money the person makes
D. How many mentees the person has had previously
SUBMIT
Answer: A
Explanation:
Answer:
A. Whether you admire the person
Explanation:
2. A business installs a free chilled water drinking machine
for staff. This is an example of: (1)
A
B
С
D
a non-financial method of motivation
a promotional method
an improvement to customer service
organic growth
A business that collects sales tax must pay the tax quarterly.
True
False
Answer:
True
Explanation:
How does a notice board help in providing information?
Answer:
to boost the marble of employees
Answer:
A notice board can display graphs, data, facts and other relevant information
Explanation:
A notice board saves time, keep people informed, and can be serve for many purposes.
You want to accumulate $3,000,000 for your retirement in 40 years. What annual interest rate must you earn if you deposit $1,000 per year each year until retirement?
If people deposit $1,000 year until retirement, you must earn an interest rate of 16.8454 each year.
Why does interest mean?You pay interest on any loans or long - term loans of money. the percentage that lenders use to calculate interest when calculating anything like a loan amount. Customers can earn interest either providing finance (via a mortgage or deposit certificate, for example), or by making a deposit into a bank account that pays interest.
Rate = Annual Interest Rate (nper,pmt,pv,fv)
Interest Rate Annual = RATE (40,-1000,0,3000000)
Given that the annual interest rate is 16.85%, the annual interest rate is 16.8454.
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What determines the value of an item? (Edg.)
Answer:
the amount of goods that are produced. -the capital required to build the factory. -the unlimited wants of the consumers. -the resources consumed in production.
Which of the following is not true in regards to investing in stock?
A. A stockholder will always receive a profit when the stock is sold.
B. Depending upon the current market price, stockholders may pay different prices
for the same stock
C. A stockholder owns a part of a company.
D. A stockholder may or may not receive a dividend.
This is not true with regards to investing in stock: A. A stockholder will always receive a profit when the stock is sold.
Who is a stockholder?A stockholder is a part-owner of a company who holds a stock.
The stockholder or shareholder may be a person, an institution, or another company.
Thus, it is not true that A. A stockholder will always receive a profit when the stock is sold.
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Fat Cat Furniture store sells two types of products; cat beds and scratching posts. Over the past year Fat at sold 6,000 cat beds and 4,000 scratching posts, the sales mix of 6,000 beds to 4,000 posts creates a percentage of 60% for the cat beds and 40% for the scratching posts. Fat Cat’s total fixed costs are $40,000. The cat bed’s unit selling price is $44.00 and variable costs per bed are $24.00. The scratching post’s unit selling price is $100.00 and variable cost per post is $30.00.
1. Calculate the weighted average contribution margin per unit. ($40)
2. Calculate Fat Cat’s breakeven point in units for the “package” of products.
3. Calculate how many units of each product line the company must sell in order to breakeven.
4. Calculate the sales dollars required of each product line to breakeven Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.
5. Prove the breakeven point by preparing a contribution margin income statement Make sure to provide three columns: one for Cat Beds, one for Scratching Posts, and one for Total.
6. The owner of Fat Cat Furniture wants to earn a $60,000 profit. Calculate the sales volume in units and total sales dollars of each product line the company must sell in order to earn $60,000 in profit. Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.
I need help especially on the 2nd question.
Answer: See explanation
Explanation:
1. Calculate the weighted average contribution margin per unit.
The weighted average contribution margin per unit will be:
= Contribution margin per unit × Sales mix ratio.
= ($20 × 60%) + ($70 × 40%)
= ($20 × 0.6) + ($70 × 0.4)
= $12 + $28
= $40
2. Calculate Fat Cat’s breakeven point in units for the “package” of products.
This will be:
= Fixed cost / Weighted average
= $40000 / $40
= 1000 units
3. Calculate how many units of each product line the company must sell in order to breakeven.
Breakeven for cat beds = 1000 × 60% = 1000 × 0.6 = 600 units
Breakeven for scratching post = 1000 × 40% = 1000 × 0.4 = 400 units
Banks are a stabilizing force in our entire financial system. Discuss two of the three primary function of the banking system.
Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.
Explanation: Those are two primary functions.
The banks function in three ways as transfer money from savers hold deposits, and make money by giving loans.
What is a banking system?A banking system is one that is a group or a network of institutions that provides financial services to people. The banking system includes the provision of loans, deposits, and helping investments.
The bank transfers the money from the savers to borrowers by holding the deposits and lending the excessive transfer of reserves.
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What are the two possible impacts of a depreciating currency, for a business in that country. (briefly explain)
thank you for helping me :)
In general, a weaker currency raises the cost of imports while lowering the cost of exports for buyers abroad, which encourages exports. A country's long-term trade surplus or deficit can be impacted by a country's currency, which might be weak or strong.
What happens when a currency depreciates?When visiting a place with a stronger currency, we might also feel the effects of devaluation since we require more of our own currency to match it. Salaries and savings may lose value as a result of some devaluations, which is unfavorable. However, in a nation where tourism is the major source of income, the exchange rate draws tourists.
The same is true with remittances, which grow in value and result in more money coming in from nations with stronger currencies. Devaluation can also increase the income of persons who create goods to sell abroad or earn money in a different currency due to a higher exchange rate with their home currency.
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According to the textbook, a product tree can assist a manufacturer to do which of the following?
Question 1 options:
Show how a product is put together
Compute component usage
Identify each item
Determine the quantity used per unit of the item of which it is a part
All of the above
Option (d), A product tree can assist a manufacturer to determine the quantity used per unit of the item of which it is a part.
A product tree, also known as a bill of materials, is a comprehensive list of all the components and materials needed to manufacture a product. It outlines the hierarchy of parts and materials required to build a product, including their quantities and relationships to one another. By using a product tree, a manufacturer can determine the quantity used per unit of the item of which it is a part. This information is crucial for calculating costs, ordering materials, and managing inventory. While a product tree can also show how a product is put together, compute component usage, and identify each item, its primary purpose is to provide a detailed breakdown of the components and materials needed to manufacture a product. a product tree can assist a manufacturer to determine the quantity used per unit of the item of which it is a part.
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cabot inc. has 6%, $100,000 face amount bonds outstanding. the bonds were issued at a premium. at end of the current fiscal period, the balance of premium on bonds payable is $1,200.the balance sheet presentation of cabot's bonds should include:
The balance sheet presentation of Cabot's bonds include,
B. Less discount on bonds payable of $1,200
C. Bonds payable of $100,000
You must put the statistics in context for the audience because the balance sheet only reports at one point in time. You must contrast them with an earlier period of time, typically the preceding quarter or the same period in the prior year. A balance sheet is a financial record used to convey the precise value of a business or organization, or its "book value." By outlining and totaling all of a company's assets, liabilities, and owners' equity as of a specific date, commonly referred to as the "reporting date," the balance sheet accomplishes this. Depending on the frequency of reporting required by law or corporate policy, a balance sheet is often created and distributed on a quarterly or monthly basis.
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Answer:
204,500
Explanation:
NASA is conducting an experiment to find out the fraction of people who black out at G forces greater than 6. Step 1 of 2: Suppose a sample of 585 people is drawn. Of these people, 274 passed out at G forces greater than 6. Using the data, estimate the proportion of people who pass out at more than 6 Gs.
The proportion of people who pass out at more than 6 Gs is 0.468.
How to calculate the proportion of people?The percentage of participants in this sample who pass out at G forces greater than 6 is calculated by dividing the number of participants who passed out by the sample size.
No. of people whose sample is drawn = 585
No. of people who passed out at G forces greater than 6 = 274
The proportion of people who pass out at more than 6 Gs = 274/585
= 0.468
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"COMPUTER SHOP"
Management Theory
Management Plan/Sustainability Plan
The computer store may embrace TQM as its management philosophy (TQM). TQM is a management strategy that places an emphasis on enhancing the quality of products and services continuously.
Does TQM involve ongoing improvement? Why?TQM is centred on enhancing organisational processes continuously to produce high-quality goods and services. Doing things correctly the first time and every time is TQM's ideal objective. The final arbiter of quality is the consumer. Quality cannot be raised without suffering considerable production losses.
Whole quality management definition TQM as a method of management?Total Quality Management (TQM) is a management paradigm based on the idea that by having all of an organization's members, from entry-level employees to its highest ranking executives
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Maximum profit can occur when marginal profit is zero. True O False
The statement "Maximum profit can occur when marginal profit is zero" is not entirely true. The correct answer is False.
What is Marginal profit?Marginal profit refers to the additional profit a company generates by producing one more unit of a product or providing one more service. Marginal profit is zero when the total cost of producing an additional unit of a product equals the total revenue earned from selling that unit of the product. The additional benefit that a company would get from producing one more unit would be equal to the additional cost of producing one more unit. Hence, the profit would not increase or decrease.
At that stage, the company is operating at the highest point of its production efficiency and producing beyond this point would result in decreasing profits. Therefore, at this point, the firm has reached its optimal capacity.
The maximum profit is obtained when the marginal cost is equal to marginal revenue. Therefore, the statement "Maximum profit can occur when marginal profit is zero" is not entirely true.
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From your inspection of the inventory department you found there was surplus of stock in many items. Explain three implications to the company of having a surplus of stock.
Answer:
Explanation:
Increased storage costs: A surplus of stock implies that the company has more inventory than it needs, which means that it must store this excess inventory. This can result in higher storage costs, such as rent for warehouse space, utilities, and insurance.
Opportunity cost: The money tied up in surplus stock cannot be invested in other business areas, such as marketing or research and development. This results in an opportunity cost, as the funds are not used to grow the business in other ways.
Reduced cash flow: A surplus of stock may also lead to a reduction in cash flow, as the money spent on purchasing the excess inventory cannot be recouped until the items are sold. This can strain the company's finances and limit its ability to invest in other areas.
Which question can help a writer analyze a prompt and develop a claim for an argumentative essay?
O Does the conclusion restate the claim?
O What is the main purpose of the essay?
O is supporting evidence included?
O is the claim clearly stated?
The question that can help a writer develop a claim for argumentative essay is " is supporting evidence included?"
What is an is an Argumentative essay?An Argumentative essay is one characterised by responding to a prompt or questions of a fellow in other to get ideas or win points from their claims.
In a good arguments, both parties are expected to come out more enlightened about the topic they argued about.
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Which statement is true about ISO 9000?
A.
Only 10 products from an organization can be certified.
B.
Organizations can become certified.
C.
Employees can certify themselves.
D.
Marketing activities can be certified.
Answer: B- Organizations can become certified
Explanation: In the lesson it states:
"Here are certain facts about ISO 9000:
ISO 9000 is applicable to any business, regardless of its size or the industry in which it exists.
It includes definitions, requirements, and recommendations for continuous improvement.
ISO 9000 can also provide certifications to organizations.
Over 170 countries have used ISO 9000 certifications in their industries."
find the present value of an ordinary annuity which has payments of $1900 per year for 17 years at compounded annually.
The present value of the ordinary annuity is $23,013.44.
To find the present value of an ordinary annuity with annual payments of $1900 for 17 years at compounded annually, we need to use the formula for present value of an annuity.
The formula is:
PV = PMT x [1 - (1 + r)⁻ⁿ] / IR
Where PV is the present value, PMT is the payment, r is the interest rate, and n is the number of periods.
In this case, the payment is $1900, the interest rate is compounded annually, and the number of periods is 17. We also need to know the interest rate.
Let's assume it's 5%.
Plugging in the values, we get:
PV = $1900 x [1 - (1 + 0.05)⁻¹⁷] / 0.05
PV = $23,013.44
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Explain why you might not want to have passive income as your only source of income.
Answer:
Passive income is dependent on the actions of others, and you have little influence over the amount of money you earn. Without doing anything different, the money you receive from it might be extremely excellent or very awful. If, for example, you are a novelist and your book is panned, you may not be able to make a living from it. If people like it, on the other hand, you may make a lot of money.
____________OAmalOHopeO
______________
Answer:
Passive income relies on what others do and you dont really have control over the amount of money you make
Quentin manages a personal care company that focuses on shampoo, conditioner, and body wash. One of his roles is structuring the company's resources and activities to accomplish its objectives efficiently and effectively. What management function does this example pertain to?
The management function that structures the resources and activities to accomplish its objectives efficiently and effectively is known as Organizing.
What is Organizing in management?An Organizing function means a management function that assembles people, organizes resources and distributes the planned work necessary to carry out the managers plan.
In conclusion, the organizing function is very important because its ensures an effective role-job-fit for every employee in the organization.
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Lindsay is Jon's manager and calls him into her office after everyone else has gone home for the day. She closes the door and tells Jon that he is a thief and that he must return items that he stole from the company. In fact, Jon is extremely honest and has never stolen anything in his life. He is extremely upset and starts to feel sick.
A. Lindsay has committed libel.
B. Lindsay has committed disparagement.
C. Lindsay has committed slander.
D. Lindsay has not committed a defamation tort.
Answer: Lindsay has not committed a defamation tort
Explanation:
Defamation is when the reputation of an individual in being damaged. In s case whereby one believes that his or her reputation has being damaged by another person, the person sue under the defamation theory.
In the analysis above, we can deduce that Lindsay has not committed a defamation tort.
Leo Co. uses the allowance method to account for bad debts. At the end of the year, Leo Co.'s accounts receivable balance is $25,000; allowance for doubtful accounts balance of $100 (credit); and sales of $500,000. Based on history, Leo estimates that bad debts will be 2% of accounts receivable. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
The bad debts expense for the year to be debited will be $600.
Adjusted balance of the Allowance for Doubtful Accounts = Accounts receivable * 2%
Adjusted balance of the Allowance for Doubtful Accounts = $25,000 x 2%
Adjusted balance of the Allowance for Doubtful Accounts = $500
Unadjusted balance of the Allowance for Doubtful Accounts = $100
Amount of bad debt expenses = Adjusted balance of the Allowance for Doubtful Accounts + Unadjusted balance of the Allowance for Doubtful Accounts
Amount of bad debt expenses = $500 + $100
Amount of bad debt expenses = $600
Therefore, the bad debts expense for the year to be debited will be $600.
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Answer:$400
Explanation:
Real Estate Question
A buyer is purchasing a property for $500,000. He has a down payment of $50,000 and is financing the rest. What's the amount of the loan origination fee if the lender charges one-and-a-half points? Please explain your work as well.
Answer Choices:
$5,000
$6,750
$750
$7,500
Answer:
Amount of the loan origination fee = $7,500
Explanation:
Given:
Purchase cost of house = $500,000
Down payment cost = $50,000
Lender charges point = 1.5 points[%]
Find:
Amount of the loan origination fee
Computation:
Amount of the loan origination fee = Purchase cost of house x Lender charges point
Amount of the loan origination fee = 500,000 x 1.5%
Amount of the loan origination fee = $7,500