Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 1,100 units of inventory that cost $6.50 each. At a later date, the company purchased an additional 1,200 units of inventory that cost $7.00 each. If the company sells 1,400 units of inventory, what amount of ending inventory will appear on a balance sheet prepared immediately after the sale

Answers

Answer 1

Answer:

$5,850

Explanation:

LIFO Method assumes that last goods purchased will be the first ones to be issued to the final customer. This means, valuation of inventory will begin using the value of the earliest goods purchased.

Ending Inventory Calculation:

Ending Inventory = 900 units × $6.50

                            = $5,850


Related Questions

define absolute price​

Answers

Absolute price is the number of dollars that can be exchanged for a specified quantity of a given good.

Imagine that you wanted to specialize in working with senior citizens. What special needs might this group have? What kind of skills would you acquire if you specialized in this demographic? What kind of location would work well for this population?

Answers

The needs of senior citizens would require the ability of those who can handle geriatrics.

Why is this so?

There are special health conditions that come with those who are geriatrics or senior citizens.

This is because, as people age, the body no longer can repair it'self like before and becomes more frail, hence the need for more care.

So working with this kind of population will require skills such as:

Emergency resuscitationSpecial Nutrition etc.

Learn more about senior citizens at:

https://brainly.com/question/14361097?

#SPJ1

which business model sells goods or services to buyers who then resell or use them for business purposes?
The_______ sell goods or services to buyers who then resell or use them for business purposes.


Fill in blank and I will give brianly!!!l

Answers

Answer:

wholesalers, distributors and manufacturers.

Explanation:

Answer:

distributors

Explanation:

This expansion to Bruges of course will require that we learn the Dutch and French languages.

Answers

It should be noted that expansion to Bruges of course will require one learn the Dutch and French languages.

What are Foreign languages?

The foreign languages serves as expansion of ones understand by learning new language so as as foster foreign relationships.

Learn the Dutch and French languages will help to communicate better and build good relationship with foreign countries.

Learn more about Foreign language at:

https://brainly.com/question/24959987

1. What's the term for service that is designed to be tailored to a specific customer's needs
and interests?
A. Customer service
B. Quality service
C. Personalized service
D. Helpful service

Answers

C personalized service

Below is images of the question, information needed to complete the question. I'm looking for help preparing journal entries for each of the transactions provided below in one of the pictures.

Below is images of the question, information needed to complete the question. I'm looking for help preparing
Below is images of the question, information needed to complete the question. I'm looking for help preparing
Below is images of the question, information needed to complete the question. I'm looking for help preparing
Below is images of the question, information needed to complete the question. I'm looking for help preparing
Below is images of the question, information needed to complete the question. I'm looking for help preparing

Answers

The preparation of the journal entries to record the transactions of Natalie is as follows:

Journal Entries:

Feb. 2 Debit Inventory $1,150

Credit Accounts Payable (Kziniski Supply Co.) $1,150

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

Feb. 16 Debit Cash $1,100

Credit Sales Revenue $1,100

(To record the sale of goods for cash.)

Feb. 25 Debit Accounts Payable $1,150

Credit Cash $1,150

(To record payment on account.)

Mar. 2 Debit Inventory $592

Credit Accounts Payable (Kziniski Supply Co.) $592

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

Mar. 30 Debit Cash $2,200

Credit Sales Revenue $2,200

(To record the sale of goods for cash.)

Mar. 31 Debit Accounts Payable $592

Credit Cash $592

(To record payment on account.)

Apr. 1 Debit Inventory $1,172

Credit Accounts Payable (Kziniski Supply Co.) $1,172

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

Apr. 13 Debit Cash $3,300

Credit Sales Revenue $3,300

(To record the sale of goods for cash.)

Apr. 30 Debit Accounts Payable $1,172

Credit Cash $1,172

(To record payment on account.)

May 4 Debit Inventory $1,800

Credit Accounts Payable (Kziniski Supply Co.) $1,800

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

May 27 Debit Cash $1,100

Credit Sales Revenue $1,100

(To record the sale of goods for cash.)

What are Journal Entries?

Journal entries are the first or initial records of business transactions.

Journal entries identify the involved accounts and the ones to be debited or credited for each transaction in the general ledger.

Transaction Analysis:

Feb. 2 Inventory $1,150 Accounts Payable (Kziniski Supply Co.) $1,150

FOB Destination, Terms n/30.

Feb. 16 Cash $1,100 Sales Revenue $1,100

Feb. 25 Accounts Payable $1,150 Cash $1,150

Mar. 2 Inventory $592 Accounts Payable (Kziniski Supply Co.) $592

FOB Destination, Terms n/30.

Mar. 30 Cash $2,200 Sales Revenue $2,200

Mar. 31 Accounts Payable $592 Cash $592

Apr. 1 Inventory $1,172 Accounts Payable (Kziniski Supply Co.) $1,172

FOB Destination, Terms n/30.

Apr. 13 Cash $3,300 Sales Revenue $3,300

Apr. 30 Accounts Payable $1,172 Cash $1,172

May 4 Inventory $1,800 Accounts Payable (Kziniski Supply Co.) $1,800

FOB Destination, Terms n/30.

May 27 Cash $1,100 Sales Revenue $1,100

Learn more about journal entries at https://brainly.com/question/28390337.

#SPJ1

Suppose a firm manager has a base salary of $175,000 and earns 0.5 percent of all profits. Determine the manager's income if revenues are $10,000,000 and profits are $5,000,000. A) $150,000 B) $200,000 C) $225,000 D) $300,000

Answers

The manager's income is $200,000.

The option (B) is correct.

The expression "income" for the most part alludes to how much cash, property, and different exchanges of significant worth got over a set timeframe in return for administrations or items. There is no single, standard definition: pay is characterized by the setting in which the idea is utilized.

Income includes monetary as well as non-financial upsides of recompenses and perquisites. All pay is available under personal expense except if explicitly excluded.

Given;

Fixed salary = $175,000

Earns 0.5% of all profits

Profit = $5,000,000

Manager income = Fixed salary + 0.005 * Profit

Manager's income = $175,000 + 0.005 * $5,000,000

=> Manager's income = $175,000 + $25000

=> Manager' income = $200,000

Thus, the manager's income is $200,000.

Learn more about income:

https://brainly.com/question/15863006

#SPJ1

Someone who takes charge and solves problems without being asked to is demonstrating.
a. loyalty
b. malleability
c. cooperativeness
d. initiative
.

Answers

Answer: D.
Cooperativeness was my second choice, but initiative means to be forward and be the one to take charge.
Someone who takes charge and solves problems without being asked to is demonstrating.a. loyaltyb. malleabilityc.

Answer:

D.

Explanation:

How do the McDonald brothers propose to control the involvement Ray Kroc would have in their business?

Answers

They buy a ring and then propose after

What do you think the curves would look like in the next 100 years?

Answers

Answer:The last 100 years have seen a massive fourfold increase in the population, due to medical advances, lower mortality rates, and an increase in agricultural productivity made possible by the Green Revolution.

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.

Learn more about planning here:https://brainly.com/question/25453419

#SPJ1

Explain two potential advantages to an airline of outsourcing inflight catering

Answers

Answer: See explanation

Explanation:

In-flight catering simply has to do with the delivery of food that have been already prepared and packaged for consumption while a particular airplane is in flight.

The two potential advantages to an airline of outsourcing inflight catering is that it helps in the reduction and of cost in the part of the airline. Outsourcing will help the airline cut costs.

Also, another reason is that the airline can focus on other aspects which are more important and work towards achieving organizational goals.

Preparing your business plan in _______ can result in a better plan.

The introduction should be written _______ so that you can fully convey the most important features.

Your _______ location will be included in your business plan.

Describing your _______ can reveal how well you’ve done your research.

Your mission statement will describe your business _______.

Answers

Preparing your business plan in a structured manner can result in a better plan.

The introduction should be written strategically.

Your physical location will be included in your business plan.

Describing your target market can reveal your research.

Your mission statement will describe your business purpose.

Preparing your business plan in a structured and systematic manner can result in a better plan.

By following a well-defined process and considering key elements, you can ensure that your business plan is comprehensive, well-researched, and effectively communicates your business concept and goals.

The introduction of your business plan should be written strategically and concisely so that you can fully convey the most important features of your business. It should provide a clear overview of your business idea, highlight its unique selling points, and capture the reader's attention.

A well-crafted introduction sets the tone for the rest of the plan and encourages the reader to continue reading with interest.

Your business plan should include your physical or geographical location. This is important for various reasons, such as understanding the local market dynamics, assessing competition, considering logistical factors, and analyzing the potential customer base in your specific area.

Including your location in the plan helps provide context and helps potential investors or stakeholders understand the market landscape in which your business operates.

Describing your target market in your business plan is crucial as it reveals how well you've done your research. A comprehensive analysis of your target market includes identifying your ideal customer profile, understanding their needs and preferences, evaluating market size and potential growth, and assessing competition.

Demonstrating a deep understanding of your target market not only showcases your knowledge but also enhances your credibility and ability to develop effective marketing and sales strategies.

Your mission statement will describe your business's purpose, values, and overall direction. It encapsulates your vision, goals, and the core principles that guide your business decisions and operations.

A well-crafted mission statement communicates your business's identity, its unique value proposition, and the impact it aims to create. It serves as a guiding compass for your business and helps align your team, attract customers, and differentiate your business from competitors.

In summary, preparing your business plan in a structured manner, writing a strategic introduction, including your location, describing your target market thoroughly, and crafting a compelling mission statement are all important elements that contribute to a better business plan.

For more question on business visit:

https://brainly.com/question/24553900

#SPJ8

Kate was turned down for a job because of a bad credit report. The creditor is required to give her the name of the credit bureau that supplied the report, according to
the:
Fair Credit Reporting Act.
Fair Credit Billing Act.
Truth in Lending Law.
Equal Credit Opportunity Act

Answers

The creditor is required to give Kate the name of the credit bureau that supplied the report under the Fair Credit Reporting Act (FCRA). The FCRA is a federal law that regulates the collection, use, and disclosure of consumer credit information. Under the FCRA, creditors are required to provide consumers with a copy of their credit report upon request. They are also required to provide consumers with the name and address of each credit bureau that has provided them with a report within the past two years.

The other laws you mentioned are also important, but they do not specifically address the issue of providing consumers with the name of the credit bureau that supplied their report. The Fair Credit Billing Act (FCBA) regulates the billing practices of creditors and credit card companies. The Truth in Lending Law (TILA) requires lenders to disclose certain information to borrowers, such as the annual percentage rate (APR) and the total amount of interest that will be charged on a loan. The Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against borrowers on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive income from a public assistance program.

gravitational field​

Answers

Answer:

The region of space surrounding a body in which another body experiences a force of gravitational attraction.

Please mark as brainlist.

The attractive effect, considered as extending throughout space, of matter on other matter.

Which of the following is a function of the Federal Reserve System Board of Governors?

Answers

Answer:

The answer is below

Explanation:

The Federal Reserve System Board of Governors is one of the five branches of the Federal Reserve System. Their roles involve carrying out the analysis of economic data, executing supervision of Reserve Banks, establishing and overseeing financial regulations.

The board comprises seven members with 14-year terms. They also partake in the Federal Open Market Committee and as well liaising with leaders in other parts of the government.

Answer:

Communicates with government leaders.

Explanation:

The Federal reserve only worries about banks and money, they do not go out of their way to communicate with leaders.

Also, I took the test and got the question right.

This answer wasn't correct last time sadly so I'm not sure how to correctly do the problem. Here's the screenshot detailing it

This answer wasn't correct last time sadly so I'm not sure how to correctly do the problem. Here's the

Answers

Based on the benefits that John Cotton receives from his employer, the taxable benefits for 2021 will be $0.

Which benefits are taxable?

Personal protective equipment are tax exempt because they are treated as Medical expenses.

Employer-provided cell phone allowances are not taxable if used for business purposes. Meals are also tax exempt when the employer provides it inside business premises.

No benefit is therefore taxable.

Find out more on tax-deductible expenses at https://brainly.com/question/936396.

#SPJ1

Which one of the following is not an example of collaborators? O Public relations companies O Customers O Savings and loans O Marketing research firms​

Answers

The Savings and loans  are  not an example of collaborators. Option B

What are collaborators

Collaborators typically refer to individuals, groups, or entities that work together or cooperate on a project, initiative, or business endeavor. They often have some shared goals, interests, or responsibilities. Let's break down the other options to understand how they fit the concept of collaborators:

Public relations companies: These companies help businesses manage their public image and communications. They collaborate with businesses to shape their messaging, handle media relations, and enhance their reputation.

Read moe on collaborators  here https://brainly.com/question/24345164

#SPJ1

Final answer:

Although all could potentially act as collaborators, Savings and Loans, being primarily financial institutions, are less commonly associated with the role of collaborators.

Explanation:

In the context of business and organizational collaboration, the options provided - Public relations companies, Customers, Savings and loans, and Marketing research firms, all can be considered as potential collaborators. However, if we focus on the most traditional definition, savings and loans, which generally refers to specific financial institutions, might be less associated with the role of collaborators in a standard business scenario. Unlike public relations companies, customers, and marketing research firms, savings and loans are primarily engaged in the sphere of financial transactions rather than collaborations for business strategy or product/service development.

Learn more about Collaborators here:

https://brainly.com/question/30235523

#SPJ1

If leaseplan continues its diversity management activities, as described in the case, select the most closely aligned statistics to ots potential outcome

Answers

Tolerate is Thomas's generic action options for managing diversity is most illustrated in the case. Thus, option D is correct.

What is diversity?

Diversity can be defined as the part of the workforce where there is a significant benefit to having a diverse workforce; this can be based on social or ethnic background; this is the state of the variety of people employed in the company.

The lease plan is satisfied that there is gender diversity, which is supported. As there are various numbers of male as well as female employees that are a part of the lease plan. As the number of women working in the company grows, this will demonstrate how the other gender is treated.

Therefore, option D is correct.

Learn more about diversity, here:

https://brainly.com/question/14696671

#SPJ1

The question is incomplete, Complete question probably will be  is:

Leaseplan Effectively Manages Diversity The term, glass ceiling, was used to represent an absolute barrier or solid roadblock that prevented women from advancing to higher-level positions. The ceiling resulted in women finding themselves stuck in lower-level jobs, ones that did not have profit and loss responsibility, and jobs with less visibility, power, and influence. This scenario is changing. This case illustrates the Leaseplan Effectively Manages Diversity The term, glass ceiling, was used to represent an absolute barrier or solid roadblock that prevented women from advancing to higher-level positions. The ceiling resulted in women finding themselves stuck in lower-level jobs, ones that did not have profit and loss responsibility, and jobs with less visibility, power, and influence. This scenario is changing. This case illustrates the impact motivated leadership and changing company policies can have on gender diversity in the workplace. According to the United States Department of Labor, compared to women comprising 21 percent of the workforce in 1920, women comprised nearly half of the workforce in the United States in 2013, making gender diversity issues more and more important. This activity asks you to identify and apply your knowledge of such aspects of diversity. Read the case below and answer the questions that follow. In 2003, the representatives of LeasePlan USA's top customers were mostly women, as was the majority of the company's employees. However, men represented a large majority of top managers at the company, reflecting the old-boys network type culture that dominated the fleet industry. New leadership decided to change this and provided career counseling to women, revised reward systems to focus on performance instead of seniority, and replaced some existing managers. Two years ago, only one of seven top executives was a woman. Now, three of the top eight executives are women. The company's new chief executive claims that these changes are motivated by strategy rather than political correctness. He says, "LeasePlan doesn't build anything...Our sustainable competitive advantages are people." LeasePlan now also implements a development program catered specifically for female employees. The program includes skills assessments, career guidance, communications, brand building, and panel discussions with female executives from other companies. Which of Thomas's generic action options for managing diversity is most illustrated in the case? Multiple Choice suppress

isolate

deny

include/exclude

tolerate

. What immediate and longer-term issues does Google’s censorship decision create? 2. Prior to the launch of Google.cn, what factors should Google have considered in reaching their decision to comply with Chinese government censorship laws? 3. Assess Dr. Schmidt’s statement, "We actually did an evil scale and decided that not to serve at all was worse evil." Was Google being evil?

Answers

Answer and Explanation:

1. The censorship decision brought about a great number of questions. As the stock of the company decreased, quite a number of protestors went to the company's headquarters in california to stage a protest. 50,000 letters or thereabout was sent to googles CEO for the company's decision to comply with information censoring.

The immediate issues they faced was great criticism

The long term effects is that they became enablers of the many harsh laws in the Chinese country.

2. Google should have first evaluated and checked the ethical and logical costs of their decision. The business opportunity open to them should not have being one and only consideration. The company also has social responsibilities too which they neglected.

3. From my point of view, I would say google was being evil. One of its goals and mission statement is information accessibility universally. The turned a blind eye to this goal in this scenario by censoring search engines

Basics Ltd reported current liabilities of R3 000 and a quick ratio of 1,2. The company has current assets of R6 000. If the company reports the cost of goods sold at R4 000 for the given year, what is the inventory turnover?

Answers

The inventory turnover for the given year is 3.33, calculated by dividing the cost of goods sold by the average inventory of R1200.

To calculate the inventory turnover, we first need to determine the inventory value. We can use the quick ratio formula to find the inventory amount.Quick ratio = (Current assets - Inventory) / Current liabilitiesRearranging the formula, we have: Inventory = Current assets - Quick ratio * Current liabilitiesSubstituting the given values, we have:Inventory = R6000 - 1.2 * R3000Inventory = R6000 - R3600Inventory = R2400The inventory value is R2400. To calculate the inventory turnover, we divide the cost of goods sold by the average inventory. In this case, the cost of goods sold is given as R4000. The average inventory is the sum of the beginning and ending inventory divided by 2. Since we don't have information about the beginning and ending inventory, we can assume they are equal, resulting in an average inventory of R2400/2 = R1200.Inventory turnover = Cost of goods sold / Average inventoryInventory turnover = R4000 / R1200Inventory turnover = 3.33Therefore, the inventory turnover for the given year is 3.33.

For more questions on inventory

https://brainly.com/question/25947903

#SPJ8

[Total = 25marks]
QUESTION 2
a. Azon and Son Ltd acquired use of plant over three years by way of a lease. Installments of
GhC700,000, are paid six monthly in arrears on 30 June and 31 December. Delivery of the plant
was on 1 January 2010 so the first payments of GhC700,00 was on 30 June 2010. The present
value of minimum lease payments is GhC3,000,000, Interest implicit in the above is 10% per six
months. The plant would normally be expected to last three. Azon and Son is required to insure
the plant and cannot return it to the lessor without severe penalties.
Required
i. Describe whether the above lease should be classified as an operating or finance
1

Answers

A significant portion of the asset's economic life—three years—is covered by the lease period. The minimum lease payment present value is GhC3,000,000, which is essentially the entire leased asset's fair market value.

The equivalent of monthly rent, a lease payment is formally stipulated in a contract between two parties and gives one party the right to use the other party's real estate holdings, manufacturing equipment, computers, software, or other fixed assets for a predetermined period of time.

A lease payment will be shown as a right-of-use asset and lease liability on the balance sheet. The ROU asset is the ownership of the asset under the lease contract, whereas the lease liability period is the payment obligation during the course of the lease contract.

Learn more about  lease payment, from :

brainly.com/question/17196771

#SPJ1

Economists use changes in GDP to measure ___
the balance of trade with other countries.
any economic growth or shrinkage.
the causes of unemployment.
the distances between cities.

Answers

The people who study, analyses, practices theories of economics and formulate economic policies are called economists. Gross domestic product (GDP) is the main issue that concerns economists.

The correct option is:

Option B. any economic growth or shrinkage.

This can be explained as:

GDP is a measure that economist uses for measuring the economy of a nation at a given period.

It estimates the goods and commodities imported and exported by a country at a given period and depicts the value in American dollars.

This estimation tells about the economical state of the country and the financial status.

Therefore, economic shrinkage and growth are measured as a change in GDP.

To learn more about GDP follow the link:

https://brainly.com/question/2817543

Answer:

any economic growth or shrinkage.

Explanation:

The answer above is correct.

4.3. Identify THREE benefits that could inspire one to avoid being unemployed after graduating (3x2) (6)​

Answers

Three benefits that could inspire one to avoid being unemployed after graduating is:

Do the Job you would desire after graduating during collegeApply for internshipsDevelop the qualities of a leader during college.

What is Unemployment?

Unemployment is a state of being idle without job. It is a situation where one does not work and does not earn.

Applying for internships during college can spur an individual to avoid being unemployed after graduating. Also, doing the work you desire to do after college can be a motivating factor and developing leadership skills can inspire one to avoid being unemployed after graduating.

Learn more about Unemployment here:

https://brainly.com/question/305041

The three benefits that could inspire one to avoid being employed after graduation are:

The need to make income.The need for self sufficiency.The need for independence.

What is unemployment?

This is a state that exists in an economy due to the fact that the people that are well able to work and trained for jobs are unable to find work.

When people are employed some of the benefits that comes with it is that they can earn income, they have their independence and are well able to cater for their needs.

Read more on unemployment here:https://brainly.com/question/305041

FILL IN THE BLANK suppose a company has a goal of increasing sales by 20 percent. to achieve this goal, the company hires three new specialized sales reps and goes to four trade shows. the goal of increasing sales can best be described as a(n)blank plan and the plans to hire new sales reps and attend trade shows are _____ plans.

Answers

The goal of increasing sales can best be described as a strategic plan and the plans to hire new sales reps and attend trade shows are tactical plans.

Achieving a 20 percent increase in sales is an ambitious goal and can best be described as a strategic plan. To make this goal a reality, the company needs to create a set of tactical plans. In this case, the company has decided to hire three specialized sales reps and attend four trade shows.

By combining the resources of these new sales reps with the exposure of attending trade shows, the company has a better chance of meeting its goal. These tactical plans will be integral in the success of the company's strategic plan.

To know more about sales, click here.

https://brainly.com/question/29857652

#SPJ4

The manager of a private limousine service is interested in implementing the principles of administrative management, which involves. Multiple Choice: A.doing time motion studies B.focusing on efficiency and effectiveness C.increasing synergy D.managing the total organization

Answers

Core elements of administrative management include utilization of a formalized administrative structure, a clear division of labor, and delegation of power and authority to directors applicable to their areas of responsibilities.

What are the concepts of administrative administration via Henri Fayol?

The first seven ideas are Division of Work, Authority, Discipline, Unity of Command, Unity of Direction, Subordination of Individual Interests to the General Interest, and Remuneration

This 14 ideas of management are used to manage an organization and are recommended for prediction, planning, decision-making, corporation and technique management, manage and coordination.

Learn more about principles of administrative management here:

https://brainly.com/question/5079388#SPJ4

Accessibility tab summary: Financial information for JPL incorporated, is presented in cells A4 to C7. A statement for requirement 1 is presented in rows 9 to 14. A table for student presentation is presented in cells A15 to C17 and A19 to B20. A statement for requirement 2 is presented in row 22. A table for student presentation is presented in cells A23 to C24. A statement for requirement 3 is presented in row 26. A table for student presentation is presented in cells A27 to B28. A statement for requirement 4 is presented in row 30. A table for student presentation is presented in cells A31 to B35 and row 37. Given the following information complete a CVP analysis for JPL, Inc.: Unit sales 11,200
Selling price per unit $75
Variable expenses per unit $45
Fixed expenses $210,000
Required: Use the data to answer the following. (Use cells A4 to C7 from the given information to complete this question. All answers should be input and displayed as positive values.) 1. Compute the CM ratio and variable expense ratio. Selling price per unit Variable expenses per unit Contribution margin per unit CM ratio Variable expense ratio 2. Compute the break-even sales. Break-even in unit sales Break-even in dollar sales 3. Compute the margin of safety. Margin of safety in dollars Margin of safety percentage 4. Compute the degree of operating leverage. Sales Variable expenses Contribution margin Fixed expenses Net operating income Degree of operating leverage

Answers

A. JPL, Inc. needs to sell 7,000 units or generate $525,000 in sales to break even.

B. JPL, Inc. has a margin of safety of $211,200 or 32%.

C. JPL, Inc. has a degree of operating leverage of 2.67. This means that for every 1% change in sales, the net operating income will change by 2.67%.

How did we get these values?

Here are the explanations to the answers based on the information provided:

Compute the CM ratio and variable expense ratio.

First, we need to calculate the contribution margin per unit, which is the difference between the selling price per unit and the variable expenses per unit:

Contribution margin per unit = Selling price per unit - Variable expenses per unit

= $75 - $45

= $30

Now we can use the contribution margin per unit to compute the CM ratio and variable expense ratio:

CM ratio = (Contribution margin per unit ÷ Selling price per unit) x 100%

= ($30 ÷ $75) x 100%

= 40%

Variable expense ratio = (Variable expenses per unit ÷ Selling price per unit) x 100%

= ($45 ÷ $75) x 100%

= 60%

Compute the break-even sales.

The break-even point is the level of sales at which the company neither earns a profit nor incurs a loss. At this point, the total revenue is equal to the total cost, and the net operating income is zero. We can calculate the break-even point in units and dollars using the following formulas:

Break-even in unit sales = Fixed expenses ÷ Contribution margin per unit

= $210,000 ÷ $30

= 7,000 units

Break-even in dollar sales = Break-even in unit sales x Selling price per unit

= 7,000 units x $75

= $525,000

Therefore, JPL, Inc. needs to sell 7,000 units or generate $525,000 in sales to break even.

Compute the margin of safety.

The margin of safety is the difference between the actual sales and the break-even sales. It tells us how much sales can decline before the company starts incurring a loss. We can calculate the margin of safety in dollars and percentage using the following formulas:

Margin of safety in dollars = Actual sales - Break-even sales

= 11,200 units x $75 - $525,000

= $211,200

Margin of safety percentage = (Margin of safety in dollars ÷ Actual sales) x 100%

= ($211,200 ÷ (11,200 units x $75)) x 100%

= 32%

Therefore, JPL, Inc. has a margin of safety of $211,200 or 32%.

Compute the degree of operating leverage.

The degree of operating leverage (DOL) measures how sensitive the net operating income is to changes in sales. It is calculated as the ratio of the contribution margin to the net operating income. We can use the following formula to calculate the DOL:

DOL = Contribution margin ÷ Net operating income

To calculate the contribution margin and net operating income, we need to use the actual sales figure:

Sales = Unit sales x Selling price per unit

= 11,200 units x $75

= $840,000

Variable expenses = Variable expenses per unit x Unit sales

= $45 x 11,200 units

= $504,000

Contribution margin = Sales - Variable expenses

= $840,000 - $504,000

= $336,000

Net operating income = Contribution margin - Fixed expenses

= $336,000 - $210,000

= $126,000

Now we can calculate the DOL:

DOL = Contribution margin ÷ Net operating income

= $336,000 ÷ $126,000

= 2.67

Therefore, JPL, Inc. has a degree of operating leverage of 2.67. This means that for every 1% change in sales, the net operating income will change by 2.67%.

learn more about Net operating income: https://brainly.com/question/15834358

#SPJ1

Blank and blank is another word for networking

Answers

"Socializing" and "Connecting" are other words that can be used to describe networking.

Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.

The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000

Common Stock
(dividends per share)

I cannot figure out Y1 or Y3

Answers

The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.

To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.

Given information:

Cumulative preferred stock: 15,000 shares, 1% dividend

Common stock: 50,000 shares, $30 par value

Dividends distributed:

Y1: $30,000

Y2: $12,000

Y3: $45,000

First, let's calculate the dividends per share for the cumulative preferred stock in each year.

Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares

Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares

Dividends per share for cumulative preferred stock = $1 / 15,000

Dividends per share for cumulative preferred stock = $0.000067 per share

Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).

For Y1:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $30,000 - ($0.000067 * 15,000)

Total dividends for common stock = $30,000 - $1.005

Total dividends for common stock = $29,998.995

Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares

Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)

For Y3:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $45,000 - ($0.000067 * 15,000)

Total dividends for common stock = $45,000 - $1.005

Total dividends for common stock = $44,998.995

Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares

Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)

For such more question on dividends:

https://brainly.com/question/30360786

#SPJ8

Explain how planning involves making decisions today that will have an impact later.

Answers

Planning is figuring out what you will do and when. If you plan to play video games instead of doing homework, then tomorrow at school you will get in trouble. If you plan on dropping out of high school, later in life you will not be able to get as many jobs.

Answer: Decision making is the core of planning. Unless a decision has been made, a plan cannot be implemented in the field. ... Decisions can be made without planning but planning cannot be done without making decisions. Planning can be defined as the process of selecting a future course of action.\

Other Questions
Write an informative essay on the topic of immigration. Your essay will use research to describe the changes and challenges that today's immigrant children experience. How are Jules and Ilana related? for the patient with acute respiratory distress syndrome (ards) who is being mechanically ventilated, which intervention would the nurse implement immediately upon noting a respiratory therapist's written note indicating a high risk of developing volutrauma? call the health care provider make sure the vt is set to 8 a scenario involving functions of a business In the extraction of iron, carbon monoxide acts as O A catalyst OB an inert gas . an oxidising agent . a reducing agent . Fill in the blanks:1. ___________the study of all of the genetic material of all organisms in a particular habitat. 2. ___________the study of all of the RNA produced by an organism. 3. ___________the study of all of the proteins produced by an organism.4. ___________the study of all intermediates and small molecules produced by reactions within an organism.5. ___________the study of the entire genetic makeup of an organism. A circuit is a pathway for electron flow.A. TrueB. FalseHigher voltage creates less current flow. A. True B. False Which factor does not affect resistance.A. Wire colorB. Length C. Wire diameter D. TemperatureE. Material type Resistance is measured in ohms A. True B. FalseVoltage equals pressure A. TrueB. FalseAmperage is the rate of electron flow A. trueB. False A circle has a circumference of 62.8 feet. What is the area, in square feet, of the circle? An exchange of proposals or counter proposals as a means of reaching a satisfactory settlement to a conflict is referred to as. Do you agree or disagree with Bolivar about Gran Colombia? How might South America be different today if his vision had been accepted? Which one of the following is an example of close substitute?A. Tea and CoffeeB. Milk and waterC. Bread and ButterD. Pen and pencil PLEASE ANSWER QUICK, will give brainliest naveen is an intelligent grade-twelve student and has already gained early acceptance to a program of his choice at harvard. his friends, however, tease him for not knowing how to change a ring-tone he dislikes. from the standpoint of his friends, naveen is lacking in: group of answer choices cultural capital social capital economic capital sociological capital What equations have m=5 On Section one be sure you address the following questions, should be in 3-4 paragraphs..be precise and concise. I am looking for a logical sequential development of the concepts, not simply definitions. this is NOT to be a glossary, but written cohesive paragraphs with topic sentences and transitions.These topics/questions are NOT in a logical order. It is your job to choose a logical starting point and develop (not just start with a new term) one concept into the next. This IS DIFFICULT. Spend some time thinking about the order of presentation.This section may be up to 1.5 pages in length.1) identify the major resources and define each2) define a shortage3) explain how they relate to one another4) define opp cost5) define scarcity6) why can't we have everything we want?7) differentiate between scarcity and a shortage Find f(2) if f(x)=2x+1 Lynnette went to the coffee shop to buy coffee beans. She purchased 2.5 pounds of her favorite blend. This blend cost $8.50 per pound. How much did the coffee beans cost? 2. They want to rent a bounce house. If the bounce house costs $18.75 an hour and they want to rent it for 8 hours, how much will they spend? What role did the railroad play in both creating and destroying Dawson as a coal town? (Site What is the length of diagonal RQ?(LOOK AT IMAGE BELOW)Awarding brainliest!