during march, a firm expects its total sales to be $161,000, its total variable costs to be $95,100, and its total fixed costs to be $25,100. the contribution margin for march is:
Answers
The contribution margin is the amount left from sales revenue after variable costs have been subtracted. To calculate the contribution margin for March, we can subtract the total variable costs from the total sales.
Contribution Margin = Total Sales - Total Variable Costs
Contribution Margin = $161,000 - $95,100
Contribution Margin = $65,900
Therefore, the contribution margin for March is $65,900. This means that for every dollar of sales revenue generated, $0.41 (or 41%) is available to contribute towards covering fixed costs and generating profit. The contribution margin is a key metric for understanding a company's profitability and helps managers make decisions about pricing, cost control, and resource allocation.
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Related Questions
Ralph is a purchase manager in a manufacturing business. He is about to buy raw materials to manufacture a new product. To begin, he thinks he must first consider the target market. What can Ralph do to carry out this task?
A. Visit trade shows and network with other producers
B. Refer to trade magazines and begin meeting up with top notch suppliers
C. Produce a small quantity, sell it, and assess the reactions of customers
D. Explore the demographics, such as age and locations, of his potential customers.
Answers
Answer:
d
Explanation:
took it
Answer:
D
Explanation:
correct on plato
Deanna purchased $24,000 worth of stock and paid her broker a 1% broker fee. She sold the stock when it increased to $29,100 three years later and used a discount broker who charged $35 per trade. Compute her net proceeds after the broker fees were taken out
Answers
Answer:
Here:
Explanation:
Purchase price of shares = 24000
total purchase cost = price of shares bought + broker fees total purchase cost = 24000 + 0.01*24000 =24240
selling price of shares = 29100
total selling cost = price of shares sold - broker fees total selling cost = 29100 - 35 = 29065
Net proceeeds = total selling cost - total purchase cost Net proceeds = 29065 - 24240 = 4825
Emmary makes and sells ceramics. It costs her $12 to make a ceramic piece. If she sells each piece for \$33, which of the following equations gives the amount of profit P, in dollars, Emmary will receive for selling n pieces? A) P=21n B) P=33n C) P=33n−12 D) P=33n+12
Answers
The equation that gives the amount of profit P, in dollars, Emmary will receive for selling n pieces is C) P = 33n - 12.
To determine the profit Emmary will receive for selling n ceramic pieces, we need to consider the cost of making each piece and the selling price. It costs Emmary $12 to make one ceramic piece, and she sells each piece for $33. Profit is calculated by subtracting the cost from the selling price.
Let's break down the equation P = 33n - 12 to understand its components. The term 33n represents the total revenue generated from selling n ceramic pieces at a selling price of $33 per piece. This term gives us the total income. By subtracting the cost of $12 for each piece (represented by -12), we can calculate the profit Emmary will receive for selling n pieces.
By substituting different values of n into the equation, we can find the specific profit for a given number of ceramic pieces sold. For example, if Emmary sells 5 pieces, we can calculate the profit by substituting n = 5 into the equation: P = 33(5) - 12 = 165 - 12 = $153.
In summary, the equation P = 33n - 12 accurately represents the amount of profit Emmary will receive for selling n ceramic pieces, taking into account the cost of production and the selling price.
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What are at least two things you should check for accuracy on your credit report?
Answers
It is important to check your credit report for accuracy on a regular basis. When checking your credit report, there are two main things you should look for: personal information and account information.
Your name, Social Security number, address, contact details, and date of birth are all considered to be personal information.
Creditor names, account numbers, balances, payment history, and any other public data are all included in account information.
As inaccuracies might result in inaccurate credit scores and other issues, it is crucial to make sure that all of this information is exact and current.
A smart technique to make sure your credit information is correct and current is to check your credit report for accuracy.
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Seed capital pays for which of the following?
A. Operating expenses for the first year of a new business
B. Expanding production and advertising budgets
C. Funding for research and development of a business idea
D. Competitive wages for high-tech workers
Edit: It's C
Answers
Answer:
It's C !
Explanation:
Hope you have a good day!
Seed capital pays for: C. Funding for research and development of a business idea.
The seed capital pays for market research for initial steps of product development. For example, development of the prototype or paying for all operating expenses like legal costs.
Seed capital provides operating expenses for the entire process of business. Hence, A is incorrect.
It has no role directly in the expansion of production and advertising budgets. Hence, B is incorrect.
It has no role in decision of competitive wages for high tech workers. Hence, D is incorrect.
Hence, C is correct option.
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Feb 1 balance 450, 14 sales 1,200, Feb 8 drawings 150, 24 wages 990. Calculate the balance on 28 february. Record the balance to carry down on the side with the smaller total value. Record totals on the debit and credit sides of the account. Complete the double - entry by recording the balance brought down dated 1 March
Answers
Answer:
hi
Explanation: ajsd;lfjas;dfj;lad;leajl;jf;lwjf;welfj;wlejflwejflkwjlfkj;lajlkfjsdlkfjlsdkjf;llsadjfjdf;lklasjflkasdjf;lkajsf;lkjasddfjsdlfkja;lkjflkaskdjdf;ksdjdflksdjfljklkasddfjklsdfjkldsfjdfklsjjdsfakasjl;k
Your friend Reggie needs to write a resume and asked for your help. In at least 150 words, create a guide for Reggie. What are the essential parts of the resume? What will he need to include? What will he need to avoid? Include information about how he should organize.
Answers
Answer:
Name
Address
Contact Number
Objective
Work Experience
Extra Curricular Activities
School Graduated
Referral
Signature
Explanation:
Simple steps in making a Resume
Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price of $35,950,000, with the promise to buy them back at a price of $36,000,000. a. Calculate the yield on the repo if it has a 6-day maturity. b. Calculate the yield on the repo if it has a 18-day maturity.
Answers
The yield on the repo with a 6-day maturity is approximately 0.055% (0.0555% to be more precise).
b. The yield on the repo with an 18-day maturity is approximately 0.018% (0.0183% to be more precise).
To calculate the yield, we can use the formula: Yield = (Face Value - Purchase Price) / Purchase Price * (365 / Days to Maturity).
For the 6-day maturity:
\(Yield = ($36,000,000 - $35,950,000) / $35,950,000 * (365 / 6) ≈ 0.0555% or 0.000555.\)
For the 18-day maturity:
\(Yield = ($36,000,000 - $35,950,000) / $35,950,000 * (365 / 18) ≈ 0.0183% or 0.000183.\)
These calculations provide the approximate yield on the repurchase agreement for the given maturities.
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Design, construction, tests, and use of eye and face protection must be in accordance with
ANSI
Answers
Hope this helps have an excellent day!
The primary role of the human resource department of an organization is to
Answers
Answer:
Human Resources (HR) is concerned with the issues of managing people in the organisation. two men having a meeting The Human Resources department is responsible for many people related issues in an organisation. Under the HR department’s remit are the following roles: The process of recruiting suitable candidates for the organization Identifying and meeting the training needs of existing staff Ensuring employee welfare and employee relations are positive Ensure the working environment is safe for employees Raising awareness of current workplace legislation
Which of the following would be considered a
job in Law Enforcement?
A. a detective
B. a corporate lawyer
C. a pathologist
Answers
(because it has the word law in it)
What are some of the resources that families and individuals can use to reach their financial goals? Why is it important to take stock of these resources when planning financial goals?
Answers
Answer:
There are many ways one can reach their financial goals, to start off, you need a plan, think through what you want to do in order to succeed and have a better future. take time to organize you documents; such as credit card and tax papers you need in order to make a better plan and save up, which is another good recourse, saving up is a good way to fanatically improve your profile. Keep track of your expenses and find your spending leaks, this means to spend less if you want to save up for future travels or such. Create a spending plan; Use a spending plan to ensure your daily spending habits don't overwhelm your goals. Think through what you really want to do and best of all, invest money to reach your goals! Put simply, you have many ways to reach your financial goals, there are options like maintaining a strong credit report.
The resources that families and individuals can use to reach their financial goals are creating a budget, saving money for short term and long term plans, building good credit etc.
What is financial goal?A financial plan is a comprehensive evaluation of an individual's current pay.
What is a budget?A budget is a financial plan for a defined period, often one year.
What is a good credit?A credit score is a numerical expression based on a level analysis of a person's credit files.
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Which statement correctly explains the summary statistics that should be used to compare
the running times?
A. The distributions are normal, so the mean and standard deviation should be used to compare the
running times.
B. The distributions are skewed, so the mean and standard deviation should be used to compare
the running times.
C. The distributions are normal, so the median and interquartile range should be used to compare
the running times.
D. The distributions are skewed, so the median and interquartile range should be used to compare
the running times.
Answers
The statement that correctly explains the summary statistics that should be used to compare the running times is option D. The distributions are skewed, so the median and interquartile range should be used to compare the running times.
Skewed distribution is a type of probability distribution. When data values have a tendency to gravitate more to the right or left side of the graph, this occurs. There are two types of skewness, which are: Right Skewed Distribution: A distribution is right-skewed if it is more extended to the right. As a result, the mean of the right-skewed distribution is usually greater than the median, and the tail on the right side is longer. Left Skewed Distribution: If it is stretched out to the left, a distribution is left-skewed.
As a result, the mean is usually less than the median, and the left tail is longer than the right tail. The interquartile range (IQR) is the distance between the first and third quartiles of a data set. It is a measure of variability that excludes the outliers. The IQR measures the spread of the middle 50% of the dataset. To summarize, if the distributions are skewed, then median and interquartile range should be used to compare the running times.
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Suppose you make a one-time deposit of $500 in a savings account. The account has an APY of 0.5%. How much interest would you earn, in dollars, after one year? ( )
Answers
Answer:
I= $25
Explanation:
Giving the following information:
PV= $500
APY (i)= 0.05
The annual percentage yield (APY) is the real rate of return. It is the interest rate with the compound factor already incorporated.
To know the interest earned, we need to use the following formula:
I= PV*i
I= 500*0.05
I= $25
Answer:
2.50
Explanation:
edge answer
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
A. Multiple Choice: Choose the correct 1. Many farmers may forget to check the troubleshooting section, which can cost them even more time out of the field. a. Not reading the Operator's Manual b. Improper Maintenance c. Poor electrical connection d. Overrunning machines capability e. Not replacing wom out when needed
Answers
Answer:
E.Not replacing whom out when Needed
Select all that apply Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply. Multiple select question. It is established to pay for small payments like postage, shipping fees, etc. It is used to avoid the time and cost of writing checks for small amounts. It is an account used to record small sales amounts. It is an expense reported on the income statement. It is an asset reported on the balance sheet.
Answers
Answer:
It is established to pay for small payments like postage, shipping fees, etc.
It is an asset reported on the balance sheet.
It is used to avoid the time and cost of writing checks for small amounts
Explanation:
A Petty Cash is simply any amount of cash kept on hand and used for making small payments. It is usually placed on the asset account and it account also increases on the debit side and decreases on the credit side.
The Petty Cash fund is set up with the use of the following:
1. Date
2. Debit
3. Credit
4. Source Document
Businesses promote use of Petty Cash funds due to it having some small payments for which writing a check is not time or cost effective. It is increase by replacimg or putting more money back in the petty cash box. Before putting money, an evidence of the fund being put in to the box must be complete.
Answer:
It is established to pay for small payments like low-cost supplies and shipping fees, etc.
It is an asset reported on the balance sheet.
Explanation:
first answer is incorrect
The amount of product available to the market is known as which of the following? Demand Interest Supply Resources
Answers
Answer:
Supply
Explanation: I had to the Economics Cencepts-Assessment ll for DECA today. I got all my answers off a quizlet...
Answer:
supply
Explanation:
A country wants to create a fair economy for its people. The government takes control over the country's biggest companies and puts groups of workers in charge. All citizens are encouraged to share the wealth produced in these companies equally, This situation best reflects the influence of which economic thinker? O A. Adam Smith O B. Karl Marx O C. John Maynard Keynes O D. Thomas Robert Malthus
Answers
Answer:
B). Karl Marx
Explanation:
Karl Marx is the economic thinker whose influence has been best reflected in the given situation as it talks about socialism which is the intermediate phase between capitalism and attaining full communism as per Marx. Socialism advocates collective pr governmental ownership and administration of the means of production and distribution of goods as mentioned in this situation. It is the foundation to communist society (Marx's proposed version of an ideal economy) where the people hold the ownership of distribution of resources collectively. Thus, option B is the correct answer.
A person's cognitive biases are MOST likely to affect what?
Question 1 options:
how their brains filter information
whether they use email or instant messaging
how much money they make
what kind of jargon they use
Question 2 (1 point)
Which of these is a secondary emotion?
Question 2 options:
fear
jealousy
anger
sadness
Question 3 (1 point)
Every afternoon at one o'clock, the air conditioner in Emilio's office turns on to lower the temperature by five degrees. Emilio finds it way too cold and it distracts him from his work. In this case, which element is affecting his perception and emotions?
Question 3 options:
culture
personality
physical environment
social media
Question 4 (1 point)
Hotaru is from Japan, where it is very common for multiple generations to live together. She is not judgmental of a 25-year-old man who lives with his parents because of her what?
Question 4 options:
physical environment
personality
culture
age
Question 5 (1 point)
Danielle tends to roll her eyes when listening to her little sister tell a story. What step should she take to increase her emotional awareness to address this issue?
Question 5 options:
consider her own feelings
monitor her facial expressions
operate on trust
be more empathetic
Answers
In Psychology, framing effect can be defined as a cognitive bias wherein a person's choice from a group of options is primarily influenced by the positive or negative connotations pertaining to the options that are available.
What is cultural diversity?Cultural diversity can be defined as an existence of cultural variety and cultural differences due to the presence of several ethnic groups that are living within a society.
In this context, we can logically deduce that some examples of distinctive cultural characteristics that differentiate groups are:
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RKI Instruments borrowed $4,300,000 from a private equity firm for expansion of its facility for manufacturing carbon monoxide monitors. The company repaid the loan after 1 year with a single payment of $5,225,000. What was the interest rate on the loan
Answers
Answer:
21.51%
Explanation:
RKI instruments borrowed $4,300,000 from a private equity firm to expand its facility.
A year after the loan was repaid with a single payment of $5,225,000
Therefore the interest rate on the loan can be calculated as follows
= 5,225,000-4,300,000/4,300,000 × 100
= 925,000/4,300,000 × 100
= 0.2151 × 100
= 21.51%
Hence the interest rate of the loan is 21.51%
The epicurean society is holding its annual election for president. The three candidates are a, b, and
c. Twenty percent of the voters like upper c the most and upper a the least. Forty percent of the voters like upper a the most and upper c the least. Of the remaining 232 prefer upper b to upper c and upper c to upper a, and 696 prefer upper b to upper a and upper a to upper
c. Write out the preference schedule for this election.
Answers
Answer and Explanation:
Please find answer and explanation attached
How much debt do people
typically have? This Data
Crunch compares the debt
held by different
generations. Follow the
directions on the worksheet
to complete this activity.
Answers
Answer:
Explanation:
MATH: The Cost of Minimum Payments
In this activity, students will be able to:
Calculate the interest accrued when paying minimum payments.
Explore how different monthly payment amounts will impact the total interest paid and balance remaining after 5 months on a $5000 debt with 25% APR.
Reflect on the additional interest costs associated with only paying the minimum payment on a credit card balance.
Beth needs to multiply the values of two cells in her worksheet. What should she enter into the formula bar?
=CD/D4
=CD+D4
=CD*D4
=(CD)(D4)
Answers
Answer:
C4*D4
must be the correct one but its not mentioned there
Answer:
I would say =(CD)(D4) it makes the most sense
Explanation:
Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.54 percent, a par value of $1,000 per bond, matures in 4 years, has a total face value of $3.8 million, and is quoted at 103 percent of face value. The second issue has a coupon rate of 6.10 percent, a par value of $2,000 per bond, matures in 23 years, has a total face value of $8.1 million, and is quoted at 95 percent of face value. Both bonds pay interest semiannually. The company's tax rate is 39 percent. What is the firm's weighted average aftertax cost of debt
Answers
Answer:
3.20%
Explanation:
The firm's weighted average aftertax cost of debt can be determined by first of all determining the before-tax cost of each debt.
Using a financial calculator, the before-tax costs of debt are ascertained as follows:
Bond 1:
N=8(number of semiannual coupons in 4 years)
PMT=17.70 (semiannual coupon=face value*coupon rate/2=$1,000*3.54%/2=$17.70)
PV=-1030(current price=$1000*103%=$1030)
FV=1000(the face value is $1000)
CPT
I/Y=1.37%(the semannual yield, annual yield=1.37%*2=2.74%)
after-tax cost of first debt=2.74%*(1-39%)=1.67%
Bond 2:
N=46(number of semiannual coupons in 23 years)
PMT=30.50 (semiannual coupon=face value*coupon rate/2=$1,000*6.10%/2=$30.50)
PV=-950(current price=$1000*95%=$950)
FV=1000(the face value is $1000)
CPT
I/Y=3.26%%(the semannual yield, annual yield=3.26%%*2=6.52%)
after-tax cost of second debt=6.52%*(1-39%)=3.98%
market value of first debt=$3.8 million*103%=$3,914,000
market value of second debt=$8.1 million*95%=$7,695,000
total market value of debts=$3,914,000+$7,695,000=$11,609,000
firm's weighted average aftertax cost of debt=(1.67%*$3,914,000/$11,609,000)+(3.98%*$7,695,000/$11,609,000)
firm's weighted average aftertax cost of debt=3.20%
If you expect the inflation rate to be 12 percent next year and a one-year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is:.
Answers
The real interest rate of the bond is -5%.
What is the real interest rate?
Real interest rate is the nominal interest rate less inflation. The real interest rate has been adjusted for inflation. It represents the real rate of return on an investment when inflation has been adjected for.
What is the real interest rate of the bond?Real interest rate = nominal interest rate - inflation.
7% - 12% = -5%
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What is the present value of a perpetuity that offers to pay $100 next year and every year after the payment grows at 3.2%. Investments with similar risk are offering an 8% annual return.
Answers
The present value of the perpetuity is $26,041.67 that offers to pay $100 next year and every year after the payment grows at 3.2%. Investments with similar risk are offering an 8% annual return.
To calculate the present value of a perpetuity, we can use the formula:
Present Value = Payment / Discount Rate
In this case, the payment is $100, and it grows at a rate of 3.2% per year. The discount rate is the annual return of similar-risk investments, which is 8%.
First, we need to calculate the growth-adjusted payment for the perpetuity. We can use the formula for the growing perpetuity:
Adjusted Payment = Payment / (Discount Rate - Growth Rate)
Adjusted Payment = $100 / (0.08 - 0.032)
Adjusted Payment = $100 / 0.048
Adjusted Payment = $2,083.33
Now we can calculate the present value of the perpetuity using the adjusted payment and the discount rate:
Present Value = Adjusted Payment / Discount Rate
Present Value = $2,083.33 / 0.08
Present Value = $26,041.67
Therefore, The present value of the perpetuity is $26,041.67.
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what should you be armed with to adequately assess potential weaknesses in each information asset? question 25 options: properly classified inventory audited accounting spreadsheet intellectual property assessment list of known threats
Answers
To adequately assess potential weaknesses in each information asset, you should be armed with a A: properly classified inventory, C: an intellectual property assessment, and D: a list of known threats.
An audited accounting spreadsheet can be useful for financial analysis, but it may not be sufficient for assessing information security risks. By having a properly classified inventory, you can identify and prioritize your most valuable assets, which will help you allocate resources and develop appropriate security controls. A list of known threats can help you identify potential attack vectors and vulnerabilities that you may need to address. An assessment of intellectual property can help you identify and protect your proprietary information and trade secrets.
By combining all of these elements, you can develop a comprehensive picture of the potential risks and vulnerabilities associated with each information asset, which will help you develop effective risk management strategies.
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Select the correct answer.
Which of these is an informal group?
A. command group
B. self-managed work group
C. task group
D. virtual group
E. interest group
Answers
Answer:
B
Explanation:
hope this helps
PLEASE HELP!!
In the space provided below, please respond to the following: Create a list of business risks and ways to deal with them.
This project will focus on writing about a current event in business risks. The task is to first find an article that deals with business risks and write a summary of the article. In your summary, you should discuss what the risk is and what steps the business is taking to deal with it. During this project, you'll accomplish the following:
Objectives
Find an article that deals with business risks and write a summary of the article.
Current Event
Use the Internet to find an article that deals with business risks. Once you have found and read your article, record your summary and upload it. Use the following format.
Paragraph #1 - Summary of article including the link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of whether or not you think the appropriate steps are being taken to deal with the risk
Answers
Answer:
No matter how well you plan, your project can always encounter unexpected problems. ... You can use risk planning to identify potential problems that could cause ... Some events (like finding an easier way to do an activity) or conditions (like ... risks that you plan for do happen, and that's when you have to deal with them.
Explanation:
Answer:
I'm hoping that one above helped me out it didnt say :(