The correct answers to the multiple-choice questions are C, D, and A respectively
1. C. 7%
2. D. increases wages for the working poor
3. A. be greatest during peak wage years
1. To calculate the difference-in-differences estimator, find the difference in labor force participation rates for Illinois and Wisconsin before and after the expansion, and then find the difference between these two differences.
Before expansion: 48% - 45% = 3%
After expansion: 58% - 51% = 7%
Difference-in-differences: 7% - 3% = 4%
However, since we're only considering the increase in labor force participation of single mothers in Illinois, the answer is the difference after the expansion, which is 7%.
2. The Earned Income Tax Credit (EITC) is designed to provide financial support for low to moderate-income working individuals and families, particularly those with children. It increases wages for the working poor, as it functions as a refundable tax credit.
3. The intertemporal substitution hypothesis suggests that individuals will choose to work more hours during periods when their wages are highest, in order to maximize their lifetime earnings. Therefore, hours of work should be greatest during peak wage years.
The correct answers to the multiple-choice questions are C, D, and A respectively, reflecting the effects of the expanded child care subsidy program in Illinois, the purpose of the Earned Income Tax Credit, and the implications of the intertemporal substitution hypothesis on hours of work.
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why were bank regulators concerned about credit default swaps during the credit crisis? regulators became concerned with credit default swaps because some banks sold them to protect their assets against default. regulators became concerned with credit default swaps as by 2008 all the sellers in the market of credit default swaps became overexposed and therefore not able to provide the protection they promised. regulators became concerned with credit default swaps because of the lack of transparency regarding the exposure of each commercial bank.
During the credit crisis, bank regulators were concerned about credit default swaps (CDS) for a number of reasons.
Firstly, some banks sold CDS to protect their assets against default. However, this led to overexposure, as by 2008 all the sellers in the CDS market had become overexposed and unable to provide the protection they had promised. This created a ripple effect, as the failure of one bank could trigger the failure of others, leading to a systemic crisis. Secondly, there was a lack of transparency regarding the exposure of each commercial bank, making it difficult for regulators to monitor and regulate the market effectively.
This lack of transparency also made it difficult for investors to fully understand the risks they were taking on, leading to a situation where CDS were sold to investors who did not fully comprehend the risks. Overall, the concerns of regulators about CDS during the credit crisis were rooted in the potential for these financial instruments to amplify and spread risk throughout the financial system, leading to a systemic crisis.
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some of the major fraudulent acts by senior executives started as what they considered to be small ethical lapses that grew out of control.
Some major fraudulent acts committed by senior executives started as what they believed to be small ethical lapses that eventually spiraled out of control.
In some cases, senior executives may engage in fraudulent activities that initially appear to be minor ethical lapses. These lapses could include actions such as misrepresenting financial information, concealing conflicts of interest, or engaging in insider trading. However, these seemingly small unethical choices can quickly escalate into larger fraudulent acts. For example, an executive may manipulate financial statements to present a more favorable picture of the company's financial health. Initially, this act may be seen as a minor ethical lapse, as the executive believes they are helping the company's reputation.
However, as time goes on, this manipulation may become more frequent and widespread, leading to significant financial fraud. Similarly, an executive may start by accepting small kickbacks or bribes from vendors, thinking it is a harmless act. Over time, these unethical practices can become ingrained, leading to larger-scale corruption within the organization. In summary, some major fraudulent acts by senior executives can begin as what they perceive to be small ethical lapses. However, if left unchecked, these lapses can grow out of control and result in significant harm to the company and its stakeholders.
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Which investment advice would Gale most likely give to Alex? Invest in stocks because they are less risky. Put most of your money in a savings account instead. Spread your investments in several different areas. Stick with the stocks because they will bounce back.
Investment advice is the advice given by consultants or consultancy firms holding special expertise in the field of securities market to the individual investors.
Investment DecisionTheir is a very popular quote in the investment market that "do not put all your funds in a single security " and put your funds in different securities so that loss of a security is set-off with the gains of other security.
Therefore , the investment advice most likely Gale would give to Alex will be "Spread your investments in several different areas" and OPTION C is correct.
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Answer:
c
Explanation:
After considering three possible marketing research firms, a chain of fitness centers has hired what they believe to be the best one for their project, an important customer service study intended to help the business grow. Companies look for a variety of characteristics when they hire a marketing research firm. Describe three characteristics the fitness center looks for in a marketing research firm, and explain why each is important
When a fitness center is considering hiring a marketing research firm, there are three key characteristics they typically look for Expertise in the fitness industry, Methodological rigor and data analysis capabilities, and Customization and client collaboration
1. Expertise in the fitness industry:
The fitness center would value a marketing research firm that has specific knowledge and experience in the fitness industry. This expertise allows the firm to understand the unique challenges, trends, and customer behaviors within the fitness market. By having a deep understanding of the industry, the research firm can provide valuable insights and recommendations tailored specifically to the fitness center's needs. It saves time and effort in explaining industry-specific concepts, resulting in more accurate and relevant research outcomes.
2. Methodological rigor and data analysis capabilities:
Another important characteristic is the marketing research firm's ability to employ rigorous methodologies and conduct thorough data analysis. The firm should have a track record of using reliable and valid research methods, such as surveys, focus groups, or observational studies, to gather data. They should also possess strong analytical skills to interpret the collected data effectively. This ensures that the research findings are accurate, reliable, and actionable, enabling the fitness center to make informed decisions and develop effective strategies.
3. Customization and client collaboration:
The fitness center seeks a marketing research firm that emphasizes customization and collaboration. Each fitness center has its unique goals, target market, and operational context. Therefore, the research firm should be willing to tailor their approach and methodologies to meet the specific needs of the fitness center. Moreover, effective collaboration between the research firm and the fitness center is essential. The firm should actively engage with the fitness center's management team, listen to their requirements, and involve them in the research process.
By considering these three characteristics—expertise in the fitness industry, methodological rigor, data analysis capabilities, and customization and client collaboration—the fitness center can choose a marketing research firm that can provide valuable insights and support their customer service study effectively.
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Lee starts entering data into the table. He types in the mass of Mercury. Next, he wants to type in the diameter of Mercury.
A 3 column table with 4 rows. Column 1 is labeled Planet with entries Mercury, Venus, Earth, Mars. Column 2 is labeled Mass (10 Superscript 24 Baseline kilograms) with entries .33, blank, blank, blank. Column 3 is labeled Diameter in kilometers with 4 blank entries.
What should he do to get to the appropriate cell?
Answer:
Her weight is lower on Venus because the acceleration due to gravity is lower.
Explanation:
Answer:
press the tab key
Explanation:
edge 21
Whenever inflation rates are overestimated for the life of a loan, creditors lose and debtors gain.
(True or False)
True. If inflation rates are overestimated for the life of a loan, creditors lose and debtors gain. This is because creditors are lending money at a certain interest rate based on an assumed inflation rate, which is the expected increase in prices over time.
When inflation rates are overestimated for the life of a loan, creditors (lenders) lose and debtors (borrowers) gain. This is because inflation erodes the purchasing power of money over time. If inflation rates are overestimated, the actual inflation experienced turns out to be lower than expected. As a result, the real value of the money borrowed decreases, benefiting the debtor.
For example, if a borrower takes out a fixed-rate loan with an interest rate that incorporates an overestimated inflation rate, they effectively repay the loan with money that has a higher purchasing power than anticipated. In other words, they are repaying the loan with "cheaper" dollars. On the other hand, the lender receives back money with less purchasing power than they anticipated when lending the funds, resulting in a loss.
Inflation expectations play a crucial role in financial transactions, particularly in long-term loans or contracts. If inflation turns out to be lower than expected, it can lead to a redistribution of wealth from creditors to debtors. However, if inflation is higher than anticipated, the opposite situation occurs, with creditors benefiting and debtors facing increased repayment burdens.
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5. Which option defines a tax benefit? (1 point)
A. a type of tax form that needs to be completed each year.
B. some type of savings for taxpayers
C. a government loan
D. a government bond affiliated to tax collection
Option D. a government bond affiliated to tax collection defines a tax benefit.
The required details about tax collection is mentioned in below paragraph.
Tax collections way all bills obtained on or with admire to the Included Leases or the associated Equipment which are Excluded Amounts on account of any taxes, expenses or different prices imposed through any Governmental Authority.In order to garner profits for the authorities to finance social projects, tax is amassed from people and businesses via direct tax and oblique tax. These tax collections shape the authorities's sales. Revenue receipts may be of types — non-tax sales and tax sales.Collecting taxes and expenses is a essential manner for countries to generate public sales that make it viable to finance investments in human capital, infrastructure, and the availability of offerings for residents and businesses.
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Answer: some type of savings for taxpayers
Explanation:
which technique used to control Inventory costs involves the process of classifying Inventory into three grades, according to their level of
Importance?
The____
dassification involves categorizing Inventory into three grades, according to their level of importance.
Answer:
I believe its the ABC
Explanation:
i looked it up tbh
Answer:
ABC dassification
Explanation:
Lucinda is giving a presentation to her manager, glenn, who has a hub motivational value system. In order to appeal to his pragmatic and flexible nature in her presentation, she should:.
The thing which Lucinda has to do in order to appeal to his pragmatic and flexible nature in her presentation, she should:
Stress the benefits to different stakeholders.What is Pragmatism?This refers to the philosophy which believes that words and thought are powerful tools to help in solving problems in practical applications.
Based on the fact that Lucinda's manager is said to be a pragmatist who has a motivational value system, then she would have to base her presentation on the fact that it would be beneficial to different stakeholders.
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In Ireland, a pint of beer costs 2.2 Irish pounds. In Australia, a point of beer costs 4 Australian dollars. If the nominal exchange rate is 2 Australian dollars per Irish pound, what is the real exchange rate from the Irish perspective?
Answer:
.91 pints of irish beer per pint of Australian beer
Explanation:
As we know that
The exchange rate of
1 AUD = 0.5 pound
Now
In Ireland, 1 beer cost = 2.2 pound
And, in Australia, 1 beer cost = 4 AUD
As 1 AUD = 0.5 pound
so 4 AUD is
= 0.5 × 4
= 2
Now the exchange rate is
= 4 AUD beer cost ÷ 1 beer cost in Ireland
= 2 ÷ 2.2
= 0.91
hence, the real exchange rate is 0.91
What do you think it means that your money is FDIC/NCUA insured up to $250,000
I believed that my deposit money is insured up to $250,000 by FDIC/NCUA because it is a legal banking requirement.
What is the banking requirement?The insurance of deposit is necessary to prevent to banks from huge liability incase they lose their customer's deposit because of theft, fraud etc
In conclusion, I believed that my deposit money is insured up to $250,000 by FDIC/NCUA because it is a legal banking requirement.
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What is the structure of Public corporation
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
Fabian took a management program in marketing in his country. However, after graduation, he couldn’t find any appropriate jobs in his country that would suit his talent and education. He decided to move to the United States to work at a top advertising agency. Which consideration affected Fabian’s decision?
Fabian’s decision demonstrates that he considered the issue of
.
Fabian’s decision demonstrates that he did consider the issue of job availability and suitability for his education and talent when making his decision to move to the United States.
He studied marketing, but the fact that he was unable to locate a suitable position there shows that there may not have been many work prospects in that industry there.
The fact that Fabian chose to migrate to the US in order to work at a prestigious advertising firm shows that he was open to changing his life location in order to pursue job possibilities that matched his qualifications and training.
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Which targeting option is best for influencing consideration?.
Answer:
Custom Intent targeting option is best for influencing consideration.
perfectly competitive market in long run equilibrium. if demand decreases, we can be certain that price will
Answer:
fall in the short run. all, some, or no firms will shut down, and some of them will exit the industry. price will then rise to reach the new long-run
Which correctly lists the titles for this Venn diagram?
Title 1 should be Logistics and Inventory Control Pathway and Title 2 should be Maintenance, Installation, and
Repair Pathway.
O Title 1 should be Maintenance, Installation, and Repair Pathway and Title 2 should be Logistics and Inventory
Control Pathway.
Title 1 should be Quality Assurance Pathway and Title 2 should be Production Pathway.
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.
The correct title for the Venn diagram should be
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.What is a production pathway?This is the pathway that has to show all the process of manufacturing and assembling the products.
What is the quality assurance pathway?This has to do with the inclusion of the workers that would help to ensure that quality standards are followed and the products meets their performance requirements.
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Answer:
D
Explanation:
Click this link to view O*NET’s Work Activities section for Registered Nurses. Note that common activities are listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some common work activities performed by Registered Nurses? Select four options.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
documenting/recording information
Some common work activities performed by Registered Nurses are:-
Making decisions and solving problems.Assisting and Nurses for others.Communicating with supervisors, peers, or subordinates.Drafting technical devices.Evaluating, Nurses watching, and conversing with patients keeping a record of the symptoms, medical history, and state of health of the patient. Patient Care preparation for examinations and treatment. administering medications and therapies, then keeping track of patients' reactions and negative effects.
Usually, Nurses EMTs and paramedics do the following tasks: Respond to 911 calls for emergency medical help, such as doing CPR or bandaging a care wound. Typically, bioengineers and biomedical engineers do the following tasks: Create tools and gadgets, such as synthetic internal organs, body part replacements.
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Help me ITs EASY TAKE A LOOK
Answer:
a) Employees (Staff)
Chief Executive officer (Owner)
b) Government
Share holders
Matteo reported $1,000 of municipal bond fund interest on line 2b of Form 1040. The municipal bond fund statement showed 80% of the interest was attributable to investments in California bonds and 20% in Nevada bonds. Which adjustment will Matteo make on the Schedule CA (540), Part I, Section A, line 2b?
Matteo will make:
A subtraction of $200 in column B.
A subtraction of $800 in column B.
An addition of $200 in column C.
An addition of $800 in column C.
Matteo will make an addition of $800 in column C on Schedule CA (540), Part I, Section A, line 2b.
When reporting municipal bond fund interest on Schedule CA (540), the interest needs to be apportioned based on the state of origin. In this case, 80% of the interest is attributable to California bonds and 20% to Nevada bonds. Since the interest was already reported as $1,000 on line 2b of Form 1040, Matteo will add $800 ($1,000 multiplied by 80%) in column C to reflect the portion of interest derived from California bonds. This adjustment ensures that the correct amount of income is attributed to each state on the California state tax return.
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Use the two concepts of efficiency to compare a perfect market structure with a monopoly
Efficiency is an important concept in economics that refers to the ability of a system or process to produce goods or services at the lowest possible cost.
In a perfect market structure, there are many buyers and sellers competing with each other, which leads to lower prices and higher quality goods. On the other hand, a monopoly is a market structure where there is only one seller, which can lead to higher prices and lower quality goods due to lack of competition.
To compare the efficiency of a perfect market structure and a monopoly, we can look at the following factors:
Resource allocation: In a perfect market structure, resources are allocated efficiently as there is competition among buyers and sellers. In a monopoly, resources may not be allocated efficiently as there is no competition.
Price: In a perfect market structure, prices are determined by the interaction of supply and demand, leading to lower prices and higher quality goods. In a monopoly, prices may be higher as there is no competition to lower them.
Quality: In a perfect market structure, quality is generally high as there is competition among sellers to provide the best products and services. In a monopoly, quality may be lower as there is no competition to encourage innovation and improvement.
Efficiency: In a perfect market structure, efficiency is high as there is competition among sellers and buyers. In a monopoly, efficiency may be lower as there is no competition to drive down costs and improve processes.
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I NEED HELP QUICKLY, PLEASE, THANK YOU SO MUCH
1. Choose a well-known company, and describe its brand promise. Describe at least three ways that the company uses to create that brand promise. (1-5 sentences. 3.0 points)
2. Choose a type of company you would like to work for or start up yourself, and then answer the questions below.
a. Describe the type of company and the product it would sell. TIP: This can be the same or different from the company you described in Assignment 1R. (1-3 sentences. 1.0 points)
b. Describe at least two categories you could group the company's target customers into, if the company were using channel management. (1-2 sentences. 1.0 points)
c. Describe at least two ways that the company might decide to treat those two categories of customers differently, and explain why it might do that. (1-5 sentences. 4.0 points)
d. Would the type of channel management described in questions 2b and 2c above be likely to lead to unfair treatment of some groups? Why or why not? How could you make sure that didn't happen? (1-5 sentences. 4.0 points)
3. Imagine that you are working at a clothing or grocery store, and answer the questions below about inventory and merchandising for the store.
a. Describe at least two factors you could consider to help decide how much inventory to keep in stock of a particular item at the store. (1-4 sentences. 1.0 points)
b. If you were running the clothing or grocery store, which buying method would you prefer to use? Why? (1-4 sentences. 1.0 points)
c. If you were running the clothing or grocery store, which inventory control method would you prefer to use? Describe at least one, and explain why you would use it. (1-2 sentences. 1.0 points)
d. Describe an example of two products you could combine in a display in the store to show how they could work together. (1-2 sentences. 1.0 points)
4. List at least six things you would check for if you were asked to evaluate the workspace of an employee for ergonomics. (1-6 sentences. 3.0 points)
Answer:Company: AppleBrand Promise: To provide innovative, user-friendly, and premium quality technology products to customers.Ways Apple creates its brand promise:Using sleek and minimalist designs for their products that emphasize simplicity and elegance.Incorporating the latest technology and innovative features into their products to ensure high quality and user satisfaction.Providing excellent customer service and support to build a loyal customer base.a. Type of Company: A food delivery service that specializes in healthy and organic meals.b. Categories of Target Customers: Health-conscious individuals and families, and fitness enthusiasts.c. Ways to treat different categories of customers:Offering personalized meal plans and customized menus based on each customer's dietary preferences and fitness goals.Providing loyalty programs, discounts, and exclusive offers to regular customers to increase customer retention and satisfaction.d. This type of channel management may not lead to unfair treatment of groups if the company provides equal opportunities and benefits to all customers. To ensure that this doesn't happen, the company could conduct customer surveys and feedback sessions to identify any potential biases or inequalities in their channel management strategy.a. Factors to consider for inventory control:Seasonal demand and popularity of the product.Sales trends and historical data to predict future demand and adjust inventory levels accordingly.b. Preferred buying method: Just-in-time (JIT) inventory system, where the store orders inventory based on actual customer demand instead of maintaining a large inventory stockpile.c. Preferred inventory control method: ABC inventory control system, which categorizes inventory items based on their demand and value to determine the appropriate inventory level and reorder points.d. Example of product combination: A display of organic quinoa and fresh vegetables to show customers how they can make a healthy and nutritious meal.Six things to evaluate for ergonomic workspace:Desk and chair height and adjustment to ensure proper posture and comfort.Lighting and glare to minimize eye strain and discomfort.Keyboard and mouse placement to prevent repetitive strain injuries.Monitor placement and distance to avoid neck and eye strain.Adequate footrest and leg support to prevent discomfort and fatigue.Proper ventilation and temperature control to ensure a comfortable and healthy work environment.
Explanation:had the assignment
show the vegetable market of nepal in pyramid
Due to massive increases in agriculture and production area over the last two decades, per capita vegetable consumption has increased to 105 kg from 60 kg. Nepal has reported 3,243,521 vegetable holdings. Vegetable crops are grown on a total of 232,295 hectares of cultivable land.
What is market?A market is a collection of systems, institutions, procedures, social relations, or infrastructures through which parties exchange goods and services. While parties can barter for goods and services, most markets rely on sellers offering their goods or services to buyers in exchange for money. The exchange of goods and services that occurs as a result of buyers and sellers coming into contact with one another, either directly or through mediating agents or institutions, is referred to as a market.A market is defined as the total number of buyers and sellers in the area or region under consideration. The area could be the entire planet, a country, a region, a state, or a city.To learn more about market, refer to:
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Laura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. What is the minimum laura should expect to contribute to her college education for all four years?.
When Laura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books, she should expect minimum of $124,400 to contribute to her college education for all four years.
What qualifies you for a grant?The most popular choice is grants and scholarships because they are the only financial aid available that doesn't need repayment. The primary distinction between a grant and a scholarship is the source of the funding, the requirements for eligibility, and the application procedure. While scholarships are merit-based and provided to students based on their academic achievements, extracurricular activities, field of study, and other factors, grants are typically given based on financial need.
You must have financial need, be a citizen of the United States or an eligible foreign country, be enrolled in a degree- or certificate-granting program at your college or career school, and more to be eligible for federal aid programs. You're either a full- or part-time undergraduate student.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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What is Bloom’s Taxonomy?
( no c0py from g00+gle)
Answer:
a set of three hierarchical models used to classify learning objectives into levels of complexity and specificity
Answer:
Bloom's Taxonomy is a Hierarchal Pyramid used to classify the objectives when learning something into: creating, evaluating, analyzing, applying, understanding, and remembering.
Explanation:
what is utility in business and marketing
Answer:
Utility marketing is the concept whereby a brand intersects the consumer at the moment of a non-commercial need, addresses their need, becomes a part of their life, and remains with them for when they're ultimately ready to make a purchase.
Economic growth can result from a(n) _____ in government expenditures and a(n) _____ in net exports. decrease, decrease increase, decrease increase, increase
Economic growth can result from a(n) increase in government expenditures and a(n) increase in net exports.
What is economic growth a result of?
In general, there are two primary factors that contribute to economic growth: an increase in the workforce's size and an increase in that workforce's productivity (output per hour worked). Both can expand the economy's total size, but only robust productivity growth can raise per capita GDP and income.
Increases in an economy's production capacity or potential GDP are referred to as economic growth. The main factor affecting changes in a society's standard of living—often determined by real GDP per capita—is the pace of economic expansion. Resources, labour, capital goods, and entrepreneurship are the four main drivers of economic growth.
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its increase increase
1.Explain the situational theory in communication.
2.As a new communication officer in an organization, explain how the system theory can be useful to you.
1. Situational Theory in Communication: Situational Theory of Communication is a perspective in which communication behavior and effectiveness are understood by examining the situational context. The situational theory of leadership is closely linked to the situational theory of communication, as both theories examine how situational factors influence behavior and effectiveness.The situational theory of communication argues that effective communication is influenced by the individual and situational factors. It suggests that communication behaviors that are effective in one situation may not be effective in another situation. The situational theory of communication explains that the communication process involves encoding, decoding, feedback, and context.
2. How the System Theory can be useful to a new Communication Officer in an OrganizationAs a new communication officer in an organization, the system theory can be useful in many ways. The system theory suggests that organizations are complex systems that are made up of interconnected components that work together to achieve a common goal. Here are some ways in which the system theory can be useful to a new communication officer:1. Understanding the Organization as a SystemThe system theory can help the communication officer understand the organization as a system. This will allow the communication officer to understand how different components of the organization work together to achieve the organization's goals. This will help the communication officer develop effective communication strategies that take into account the organization's structure, processes, and culture.2. Identifying Communication Networks.The system theory can help the communication officer identify the communication networks within the organization. This will allow the communication officer to understand how information flows within the organization and how different groups communicate with each other. This will help the communication officer develop effective communication strategies that reach the right people at the right time.3. Understanding FeedbackThe system theory can help the communication officer understand the feedback mechanisms within the organization. This will allow the communication officer to understand how the organization responds to feedback and how feedback can be used to improve communication. This will help the communication officer develop effective communication strategies that take into account the organization's feedback mechanisms.
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ebook show me how question content area break-even sales under present and proposed conditions portmann company, operating at full capacity, sold 1,000,000 units at a price of $190 per unit during the current year. its income statement is as follows: sales $190,000,000 cost of goods sold (102,000,000) gross profit $88,000,000 expenses: selling expenses$15,000,000 administrative expenses14,700,000 total expenses (29,700,000) operating income $58,300,000 the division of costs between variable and fixed is as follows: variablefixed cost of goods sold70% 30% selling expenses75% 25% administrative expenses50% 50% management is considering a plant expansion program for the following year that will permit an increase of $11,400,000 in yearly sales. the expansion will increase fixed costs by $4,000,000 but will not affect the relationship between sales and variable costs. required: 1. determine the total variable costs and the total fixed costs for the current year. total variable costs$fill in the blank 1 total fixed costs$fill in the blank 2 2. determine (a) the unit variable cost and (b) the unit contribution margin for the current year. unit variable cost$fill in the blank 3 unit contribution margin$fill in the blank 4 3. compute the break-even sales (units) for the current year. fill in the blank 5 units 4. compute the break-even sales (units) under the proposed program for the following year. fill in the blank 6 units 5. determine the amount of sales (units) that would be necessary under the proposed program to realize the $58,300,000 of operating income that was earned in the current year. fill in the blank 7 units 6. determine the maximum operating income possible with the expanded plant. $fill in the blank 8 7. if the proposal is accepted and sales remain at the current level, what will the operating income or loss be for the following year? $fill in the blank 9 8. based on the data given, would you recommend accepting the propos
To determine the total variable costs and total fixed costs for the current year, the percentage of variable and fixed costs for each expense item is used to allocate the costs. The total variable costs are calculated by multiplying the percentage of variable costs by the total cost of goods sold, selling expenses, and administrative expenses, while the total fixed costs are calculated by subtracting the total variable costs from the total expenses.
The unit variable cost is calculated by dividing the total variable costs by the number of units sold, while the unit contribution margin is calculated by subtracting the unit variable cost from the selling price. The break-even sales (units) for the current year are calculated by dividing the total fixed costs by the unit contribution margin.
To calculate the break-even sales (units) under the proposed program, the increase in sales is added to the current sales, and the increase in fixed costs is added to the current fixed costs. The sales (units) necessary to realize the current operating income are calculated by adding the operating income to the total fixed costs and dividing the result by the unit contribution margin.
The maximum operating income possible with the expanded plant is calculated by subtracting the total variable costs and the increased fixed costs from the total sales. The operating income or loss for the following year if the proposal is accepted and sales remain at the current level is calculated by subtracting the total costs from the total sales.
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Problem 1: On April 01, 2016 Anees started business with Rs. 100,000 and other transactions for the month are: 2. Purchase Furniture for Cash Rs. 7,000. 8. Purchase Goods for Cash Rs. 2,000 and for Credit Rs. 1,000 from Khalid Retail Store. 14. Sold Goods to Khan Brothers Rs. 12,000 and Cash Sales Rs. 5,000. 18. Owner withdrew of worth Rs. 2,000 for personal use. 22. Paid Khalid Retail Store Rs. 500. 26. Received Rs. 10,000 from Khan Brothers. 30. Paid Salaries Expense Rs. 2,000 Required: Prepared general journal
Answer:
General Journal
April 01
Cash Rs. 100,000 (debit)
Capital Rs. 100,000 (credit)
Owner invest cash in the business
April 02
Furniture Rs. 7,000 (debit)
Cash Rs. 7,000 (credit)
Cash Purchase of Furniture
April 08
Merchandise Rs. 3,000 (debit)
Cash Rs. 2,000 (credit)
Accounts Payable : Khalid Retail Store Rs. 1,000 (credit)
Cash and credit purchases made
April 14
Accounts Receivables : Khan Brothers Rs. 12,000 (debit)
Cash Rs. 5,000 (credit)
Sales Revenue Rs. 17,000(credit)
Cash and credit sales
April 18
Drawings Rs. 2,000 (debit)
Cash Rs. 2,000 (credit)
Owner withdraws cash from business for personal use
April 22
Accounts Payable : Khalid Retail Store Rs. 500 (debit)
Cash Rs. 500 (credit)
Payment made to supplier Khalid Retail Store
April 26
Cash Rs. 10,000 (debit)
Accounts Receivables : Khan Brothers Rs. 10,000 (credit)
Receipts from customer Khan Brothers
April 30
Salaries Expense Rs. 2,000 (debit)
Cash Rs. 2,000 (credit)
Salaries paid
Explanation:
See the journals and their narrations prepared above for Anees` business.