"Coffee Klatch is an espresso stand in a downton office building. The average selling price of a cup of coffee is $1.49 and the avergage variable expense per cup is $0.36. The avergage fixed expense per month is $1,300. How many cups of coffee would have to be sold to attain target profits of $2,500 per month?"
Answers
Answer:
3363 cups of coffee
Explanation:
Given that the average selling price of a cup of coffee is $1.49 and the avergage variable expense per cup is $0.36 and average fixed expense per month is $1,300
The target profit is the difference between the total selling price and the total cost.
Let the number of units to be sold to make a target profits of $2,500 be T
The total cost will be
= 0.36T + 1300
The total sales
= 1.49T
Hence
1.49T - 0.36T - 1300 = 2500
1.13T = 2500 + 1300
1.13T = 3800
T = 3800/1.13
= 3362.83
Hence the company must sell about 3363 cups of coffee to make the target profit
Related Questions
imagine that you won the powerball. your lump sum jackpot ended up being $437 million! if you are going to follow the suggestions from the text on spending your winnings, which of the following should you not do?
Answers
If I were lucky enough to win the Powerball jackpot, I would consider the following three criteria when deciding whether to take a lump sum or an annuity:
My financial goalsMy age and life expectancyMy risk tolerance: What are the factors about?My financial goals: I would consider whether I have any specific financial goals that I want to achieve with the money, such as paying off debt, investing in a business, or securing my retirement. If I have long-term financial goals that will require a consistent stream of income, I may opt for the annuity to ensure that I have a reliable source of funds.
My age and life expectancy: I would also consider my age and life expectancy when making this decision. If I am young and have a long life expectancy, I may opt for the annuity so that I can receive a steady stream of income for a longer period of time. On the other hand, if I am older or have a shorter life expectancy, I may opt for the lump sum so that I can receive the full value of the prize upfront.
My risk tolerance: Finally, I would consider my risk tolerance when making this decision. If I am comfortable with taking on risk and feel confident in my ability to invest the lump sum wisely, I may opt for the lump sum. However, if I am more risk-averse and prefer a more predictable stream of income, I may opt for the annuity.
Ultimately, the decision between a lump sum and an annuity will depend on an individual's specific financial situation and priorities. It's important to carefully weigh the pros and cons of each option and seek the advice of a financial advisor or professional before making a decision.
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The largest Powerball jackpot winner to date is Gloria MacKenzie, who won a reported $590.5 million in May 2013. She bought the winning ticket at a grocery store in Florida when another customer waiting to buy a ticket let her jump the line. The Powerball lottery is jointly played in 45 states, and the overall odds of winning the Powerball jackpot are about 1 in 175 million, according to the Multi-State Lottery Association. If you win the jackpot, one of the first choices you must make is whether to take your winnings in a single lump sum or to spread them out in annual installments over 30 years. Perhaps because MacKenzie was 84 years old and did not expect that she would still be around to collect her winnings at 114, she opted to take the lump sum cash payout. It turns out that holding the golden ticket did not entitle Ms. MacKenzie to $590.5 million. The prize is actually a growing annuity, which means that the payout rises each year (in this case by 4 percent to keep up with expected inflation) to equal $590.5 million spread over 30 years. If a winner selects the lump sum, she gets only the present value of the growing annuity. Ms. MacKenzie does not appear to have been outraged at being “shortchanged,” despite the fact that she received only $371 million—63 percent of the advertised prize. If the discount rate had been higher (it was approximately 3 percent), her lump sum would have been even less. If she had chosen the annuity, she would have received $10.5 million in the first year, but almost $33 million in the final year. Deciding which option to take in these circumstances is complicated. If you win the Powerball grand prize, contact your finance instructor for advice. You will probably discover that you are remembered as his or her favorite student.
imagine that you won the powerball. your lump sum jackpot ended up being $437 million! if you are going to follow the suggestions from the text on spending your winnings, which of the following should you not do?
You are a Marketing Director for a cruise line. Which operates Luxurious Ships, with excellent service and cuisine, how would you identify the most promising distributors? how`s that brainliest?
Answers
One can identify the most promising distributors by:
Looking at their credit history and others to check their Financial stability Also examine their size in terms of outside and inside sales power, selling skills, competence and others to know their Sales and marketing strength.Evaluate their past sales history in terms of same or similar cuisines to know their Sales performance and then rate them in their order of importance,How do one evaluate Potential Distributors?This is done by;
Lookin for their Financial stability through credit history, being timely in payments, and others.Looking their Sales and marketing capabilities.Looking at their service delivery and Sales performance.Note that One can identify the most promising distributors by checking their credit history and examine of all their past sales history to be able to tell their Sales performance.
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If a savings account has a nominal interest rate of 2% and compounds quarterly, what is the effective annual interest rate?
Answers
Answer:
To calculate the effective annual interest rate (EAR) from a nominal interest rate with quarterly compounding, you can use the following formula:
EAR = (1 + (r/n))^n - 1
Where:
r is the nominal interest rate (expressed as a decimal), which is 2% in this case (0.02).
n is the number of compounding periods per year, which is 4 (quarterly compounding).
Plugging in the values, we have:
EAR = (1 + (0.02/4)) - 1
= (1 + 0.005) ⁴- 1
= (1.005) 1
≈ 0.0202
Therefore, the effective annual interest rate for a savings account with a nominal interest rate of 2% and quarterly compounding is approximately 2.02%.
QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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Penny Cassidy is considering forming her own pool service and supply company, Penny’s Pool Service & Supply, Inc. (PPSS). She has decided to incorporate the business to limit her legal liability. She expects to invest $31,000 of her own savings and receive 2,000 shares of common stock. Her plan for the first year of operations forecasts the following amounts at December 31, the end of the current year: Cash in bank, $7,000; amounts due from customers for services rendered, $3,400; pool supplies inventory, $5,700; equipment, $29,100; amounts owed to Pool Corporation, Inc., a pool supply wholesaler, $4,600; note payable to the bank, $6,100. Penny forecasts first-year sales of $66,600, wages of $25,100, cost of supplies used $9,300, other administrative expenses of $5,600, and income tax expense of $5,100. She expects to pay herself a $18,000 dividend as the sole stockholder of the company.
If Penny’s estimates are correct, what would the following first-year financial statements look like for Penny’s Pool Service & Supply, Inc.?
Answers
The company's financial performance and position during the first full year of operations are summarized in the financial statements. Sales, costs, investments, liabilities, and stockholder equity all appear to reflect the estimates and facts given.
A shareholder of corporate stock is an individual or legal entity (such as another corporation, a body politic, a trust, or a partnership) that is registered by the corporation as the legal owner stockholder of shares of the share capital of a public or private corporation financial statements (also frequently referred to as a stockholder in the United States).
Members of a company are sometimes used to refer to stockholders.
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if a business purchases items to sell during the year, the cost of any items that are not used or consumed are reflected
Answers
Answer:
"On the end of the year balance sheet" is the right response.
Explanation:
If a company is buying goods to sell and even certain merchandise remains unsold might become a component of storage again for the corporation. That balance of supply remains displayed on either the reserves side underneath current assets on what's on the ending accounting records and then this amount will be carried forward to that day.Calculate the 2 year annuity factor if the required rate of return is 10%.
1.736
0.091
0.826
2.486
Answers
The 2-year annuity factor for a required rate of return of 10% can be calculated to be A. 1.736.
How can the annuity factor be found?The annuity factor can be found by the formula:
= 1 x (1 - (1 + rate) ^-number of periods) / rate
Solving gives:
= 1 x (1 - (1 + 10%)⁻²) / 10%
= 1 x 1.7355
= 1.736
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Imagine that your instructor chose to use the Do No Harm scoring method in Grade it Now mode. Here are your scores: First attempt: 5/10Second attempt: 7/10 Third attempt: 3/10 What would be your final score? O 7O 6O 5
Answers
6 would be the final score under the Do No Harm scoring method in the Grade it Now mode. This method is used when the instructor believes that a student’s grade should not suffer from attempting to answer a difficult question or assignment.
Under this method, the student’s lowest score is discarded and the two highest scores are added together to make the final grade. In this example, the student’s first attempt score of 5/10 and second attempt score of 7/10 are added together to make 12/20, which is converted to 6/10.
This scoring method is beneficial in situations where a student may have had difficulty understanding the material or completing the assignment due to external factors. It allows for a student to get a fair grade without being penalized for mistakes that may have been out of their control.
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Imagine that your instructor chose to use the Do No Harm scoring method in Grade it Now mode. Here are your scores: First attempt: 5/10Second attempt: 7/10 Third attempt: 3/10 What would be your final score?
A)5
b)6
C)7
Swart Electrical is a Small, Medium and Micro Enterprise (SMME) specialising in electrical supplies in South Africa. The founder and CEO, Mr Swart prefers to solicit inputs from managers of different departments before formulating organisational goals. However, once planning has been concluded, he does not allow managers to deviate from the set goals. Which one of the following options is evident in the scenario regarding the costs of planning? Select one: a. Planning could cause delays in decision-making. O b. Planning consumes management time. O c. Planning demotes co-ordination. Qd. Planning may create rigidity.
Answers
The one options that is evident in the scenario regarding the costs of planning is: d. Planning may create rigidity.
Which evident in the scenario regarding the costs of planning?According to Mr. Swart's planning methodology, once objectives have been stated, managers are not permitted to stray from them.
This suggests that rigidity may have been a result of the planning process since it prevents flexibility or adaptability in response to a changing environment. While planning is crucial for providing direction and organizing efforts, if it is applied too strictly, it may also breed inflexibility.
Therefore the correct option is D.
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Goldman Grocery creates a training course for employees on
the proper storage and use of new bags at the store registers.
This activity would be considered a
-project
a.) process
b.) service
O c.) product
O
d.) software
Answers
Answer:
B: Service
Explanation:
Colgate reported Diluted EPS of $2.38 in accordance with GAAP. How much higher would EPS be if Colgate ignored the impact of restructuring and other one-time charges during the period
Answers
Answer:
EPS will be higher than $2.38
Explanation:
The Earnings per share is the value available to stockholders of the company after the deduction of all the expense and taxes. Restructuring expense are one time expense and they are reported as other operating expenses in the Income Statement. The inclusion of restructuring and other one-time charges in the Income Statement results in lower Earnings before Tax and ultimately reduced net profit. If these cost are excluded the Earning will rise which will give rise to EPS of the company.
As a producer and seller of athletic shoes, apparel, and equipment, Nike sells
gross domestic products
goods
services
supplies
Answers
As a producer and seller of athletic shoes, apparel, and equipment, Nike sells goods.
Goods are tangible products that people buy to satisfy their wants and needs. Goods can be classified into two categories: consumer goods and producer goods.Consumer goods are items purchased by consumers for their own use and enjoyment, while producer goods are used by businesses to produce other goods and services.Therefore, Nike sells goods, which are tangible products such as athletic shoes, apparel, and equipment.Nike is a leading producer and seller of athletic shoes, apparel, and equipment. The company is one of the largest players in the sportswear industry and is recognized globally for its high-quality products and innovative designs. As a producer and seller of these goods, Nike contributes significantly to the gross domestic product of many countries. The gross domestic product is the total value of goods and services produced in a country within a particular period.For more questions on Nike
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This chapter is all about trade--imports and exports and the balance of payments.
Answers
Macroeconomic is the branch of economics that focuses on ?
Answers
Answer:
economic principles affecting entire countries
Explanation:
____ forces lead to new developments in methods for transforming resources into goods or services. For example, a new technique called hydraulic fracturing (or fracking) has been developed to harvest natural gas trapped below the earth's surface
Multiple Choice
A. Sociocultural
B. Technological
C. Political legal
D. Economic
Answers
Option (b), New means of converting resources into commodities or services are developed as a result of technological factors. For instance, a novel method known as hydraulic fracturing (often known as fracking) has been created to extract natural gas trapped beneath the earth's surface.
How will new technology affect the availability of a commodity?Technological advancements that boost production efficiency cause a supply curve to shift to the right. As production costs drop, more things at lower prices will be sought after by consumers.
How does technology influence the production of goods and services?Technological advancement causes a movement in the location of the production function for cultural goods and services. The same quantity of cultural production can be produced for less money or with greater output for the same budget. As a result, under a competitive paradigm, the supply curve and demand curve for cultural consumption are moved down.
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12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
Answers
1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.
Debit: Accounts Payable - Office Station Co.$1,200
Credit: Cash $1,200
2. Provided services on account, $4,200.
Debit: Accounts Receivable $4,200
Credit: Service Revenue $4,200
To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.
The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.
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The complete question is probably
Write journal entries
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $100 for transportation-in. $170 for shipping insurance. $800 for car import duties. $140 for advertising. $1,400 for sales staff salaries. $150 for trimming shrubs.
Answers
Answer:
$13,070Explanation:
The Cost of inventory = all cost of purchase; including costs of conversion and transfer.
Calculation of Inventory Cost FOB ship.
Cost of Purchase $12,000
Transportation-in $100
Shipping insurance $170
Car import duties $800
Total Cost $13,070
Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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on 9 OT 25
Which type of checking account charges a small fee for every check that
clears the account?
A. Cost-per-check account
B. Average balance account
C. Minimum balance account
o
D. Free account
Answers
step-by step
Answer:
A. Cost-per-check account
Explanation:
Ap3x
How do I cancel my subscription
Answers
Answer:
Explanation:
Step 1: Click on the Settings icon.
The Settings icon should be on your home screen and look like a gear.
Step 2: Tap your name. This should be at the top of the screen.
Step 3: Select “Subscriptions”
Step 4: Click on “Brainly Plus”
Step 5: Tap “Cancel Subscription”
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $160,200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% of the first $7,000 paid to its employee and SUTA taxes are 3% of the first $8,500 paid to its employee.
Gross Pay through August 31 Gross Pay for September
a. $ 6,400 $ 800
b. 18,200 2,100
c. 153,900 8,000
Compute BMX’s amounts for each of these four taxes as applied to the employee’s gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.)
Answers
To calculate BMX Company's amounts for each of the four taxes as applied to the employee's gross earnings for September, we will use the provided tax rates and the gross pay for each situation.
Situation (a):
Gross Pay for September: $800
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $800 = $49.60
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $800 = $11.60
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $800 = $4.80
SUTA taxes: 3% of the first $8,500 = 0.03 * $800 = $24.00
Situation (b):
Gross Pay for September: $2,100
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $2,100 = $130.20
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $2,100 = $30.45
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $2,100 = $12.60
SUTA taxes: 3% of the first $8,500 = 0.03 * $2,100 = $63.00
Situation (c):
Gross Pay for September: $8,000
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $8,000 = $496.00
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $8,000 = $116.00
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $8,000 = $48.00
SUTA taxes: 3% of the first $8,500 = 0.03 * $8,000 = $240.00
Please note that the calculations are based on the information provided, and the amounts are rounded to 2 decimal places.
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Identify the South African barriers to entry market share
Answers
Barriers to entry in South Africa include:
High startup costsLimited access to financingWhat are some barriers to entry ?Some industries in South Africa entail expensive start-up costs like procurement of equipment, infrastructure development or acquiring licenses which can be limiting for new entrants.
Several startups may encounter challenges in obtaining financial aid due to limited capital availability or stringent borrowing rules as well as exorbitant interest charges. The regulatory framework within the country is multifaceted and applies robust controls across a multitude of sectors that may be restrictive for businesses trying to establish themselves.
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What does software alone enable a computer to do?
O connect to the Internet
O control processing speeds
O interact with the user
O manage other software
Answers
Answer:
its a
Explanation:
E10.13 (LO 1, 3) (Entries for Acquisition of Assets) Presented below is information related to Zonker Company. 1. On July 6, Zonker Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is: Land Buildings Equipment $400,000 1,200,000 800,000 Total $2,400,000 Zonker Company gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $168 per share on the date of the purchase of the property. 2. Zonker Company expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building. Repairs to building Construction of bases for equipment to be installed later Driveways and parking lots Remodeling of office space in building, including new partitions and walls Special assessment by city on land $105,000 135,000 122,000 161,000 18,000 3. On December 20, the company paid cash for equipment, $260,000, subject to a 2% cash discount, and freight on equipment of $10,500. Instructions Prepare entries on the books of Zonker Company for these transactions.
Answers
Answer:
See below
Explanation:
1. Journal entry
Land Dr $350,000
Building Dr $1,050,000
Machinery and equipment Dr $700,000
........................ To Common stock Cr $1,250,000
(12,500 × $100)
.......................To Paid in capital in excess of par Cr $850,000
($2,100,000 - $1,250,000)
Workings
Cost of plant is $168 × 12,500 = $2,100,000
2. Journal entry
Building Dr $266,000
($105,000 + $161,000)
Machinery and equipment Dr $135,000
Land improvements Dr $122,000
Land Dr $18,000
..............................................To Cash a/c Cr $541,000
3. Journal entry
Machinery and equipment Dr $255,500
..........................................To cash a/c Cr $255,500
Working
($10,500 + $245,000 which is 98% of $250,000)
During June, Zinc Company produced 10,000 chainsaw blades. The standard quantity of material allowed per unit was 2 pounds of steel per blade at a standard cost of $5 per pound. Zinc determined that it had a favorable materials usage variance of $1,500 for June. Calculate the actual quantity of materials used by Zinc Company in June.
Answers
Answer:
actual quantity= 19,700 pounds
Explanation:
Giving the following information:
Units= 10,000
The standard quantity of material allowed per unit was 2 pounds of steel per blade at a standard cost of $5 per pound.
Favorable materials usage variance of $1,500 for June.
To calculate the actual material quantity, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
1,500= (20,000 - actual quantity)*5
1,500= 100,000 - 5 actual quantity
-98,500/(-5)= actual quantity
19,700= actual quantity
Using the details provided, we can calculate that the actual quantity of materials used by Zinc company was 19,700 pounds
We are given the material usage variance which is calculated as;
= (Standard quantity - Actual quantity) x Standard cost per unit
Standard quantity:
= 2 x 10,000
= 20,000 pounds
We can therefore solve for actual quantity as:
1,500 = (20,000 - A) x 5
20,000 - A = 1,500 / 5
20,000 - 300 = A
A = 19,700 pounds
In conclusion, 19,700 pounds was the actual quantity.
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I got 100k for the balance of the investment when I did the math so how is it 98k?
Answers
Answer:
because you spend 1k or more
An investment offers a total return of 12 percent over the coming year. Janice Yellen thinks the total real return on this investment will be only 8.3 percent. What does Janice believe the inflation rate will be over the next year?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Answers
According to Janice, the yearly rate of inflation will be 3.4%.
Why do you use the term inflation?The amount that a collection of products and services have increased in price during a specific time frame, typically a year, is measured by inflation. One of the most well-known words in economics, perhaps. nations have gone through protracted periods of instability due to inflation.The costs of products and services are always subject to change in a market economy. Some prices increase while others decrease. When the cost of products and services rises broadly rather than simply for specific items, it is said to be experiencing inflation.
(1 + R) = (1 + r)(1 + h)
H = (1 + .12)/(1 + .083) - 1
H = 0.0340 or 3.40%
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Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $140,000 and would decrease the current variable costs of $80 by $10 per unit. The selling price of $120 is not expected to change. Forrester's current break-even sales are $240,000 and current break-even units are 2,000. If Forrester purchases this new equipment, the revised break-even point in units would:
Answers
Answer:
Break-even point in units= 2,800
Explanation:
Giving the following information:
Fixed csots= $140,000
Unitary variable cost= 80 - 10= $70
Selling price per unit= $120
To calculate the new break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 140,000 / (120 - 70)
Break-even point in units= 2,800
C Corporation reported accounts receivable balance 600 at the beginning of the year and 850 at the end of the year. Allowance for bad debts was 20 at the beginning of the year and 25 at the end of the year. Sales revenues were $1,900 and bad debt expense was $28 for the year. Net income for the year was $500. How much cash was collected from customers on account
Answers
Answer: $1,627
Explanation:
Cash collected from customers on account is:
= Beginning accounts receivable + Sales - Ending accounts receivable - Bad debt written off
Bad debt written off = Beginning allowance + Bad debt expense for the year - ending allowance
= 20 + 28 - 25
= $23
Cash collected:
= 600 + 1,900 - 850 - 23
= $1,627
A social audit is
a. review of a tax statement by the Internal Revenue Service.
b. report of what a business has done and is doing about social issues.
c. review of management's social activity for the year.
d. review of the costs of operating a social program.
e. report filed by social sector accountants.
Answers
An Internal Revenue Service (IRS) social audit is a study of a tax statement that examines what a firm has done and is doing on social issues, as well as a review of management's social engagement for the year.
Review of social programme operating expenses
Accountants for the social sector filed a report.
What is social audit?A social audit is a formal examination of a business's efforts, practises, and code of conduct with regard to social responsibility and the business's effects on society. An evaluation of the company's social responsibility performance is done through a social audit.
The process of scrutinising and evaluating a programme or plan with the active participation of the public while contrasting official records with actual ground realities is known as social audit. The social audit is a potent tool for social change, community involvement, and government accountability.
An organization's social and ethical performance can be evaluated through social audits in order to measure, comprehend, report, and eventually improve it. A social audit aids in bridging the effectiveness and efficiency gaps as well as those between the vision and reality.
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