Required information Problem 2-21A (Algo) Effects of operating leverage on profitability LO 2-2, 2-3 [The following information applies to the questions displayed below] Rooney Training Services (RTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients' offices on the clients' equipment. The only major expense RTS incurs is instructor salaties, it pays instructors $5,800 per course taught. RTS recently agreed to offer a course of instruction to the employees of Novak incorporated at a price of $480 per student. Novak estimated that 20 students would attend the course. Base your answers on the preceding information. Problem 2-21A (Algo) Part 2 The instructor has offered to teach the course for a percentage of tuition fees. Specifically, she wants $200 per person attending the class. Assume that the tuition fee remains at $480 per student. f. Is the cost of instruction a fixed of a variable cost? g. Determine the profit, assuming that 20 students take the course. h. Determine the profit, assuming a 10 percent increase in enrollment (i.e., enrollment increases to 22 students). What is the percentage change in profitability? i. Determine the profit, assuming a 10 percent decrease in enroliment (.e., enrollment decreases to 18 students). What is the percentage change in profitability?

Answers

Answer 1

f. The cost of instruction in this case is a fixed cost, g. the profit is $5,600.,h. The profit is $6,560 and the percentage change in profitability is 17.14%. i. The profit is $4,640 and the percentage change in profitability is: -17.14%.

f. The cost of instruction in this case is a fixed cost since it remains constant regardless of the number of students attending the course.

g. For calculating the profit with 20 students, need to subtract the total cost of instruction from the total revenue. The total cost of instruction is obtained by multiplying the number of students (20) by the cost per student ($200), which gives $4,000. The total revenue is obtained by multiplying the number of students (20) by the price per student ($480), which gives us $9,600. Therefore, the profit is $9,600 - $4,000 = $5,600.

h. Assuming a 10 percent increase in enrollment to 22 students, the total revenue becomes $480 * 22 = $10,560. The total cost of instruction remains the same at $4,000. The profit is then $10,560 - $4,000 = $6,560. The percentage change in profitability is:

[(New Profit - Old Profit) / Old Profit] * 100 = [(6,560 - 5,600) / 5,600] * 100 = 17.14%.

i. Assuming a 10 percent decrease in enrollment to 18 students, the total revenue becomes $480 * 18 = $8,640. The total cost of instruction remains the same at $4,000. The profit is then $8,640 - $4,000 = $4,640. The percentage change in profitability is:

[(New Profit - Old Profit) / Old Profit] * 100 = [(4,640 - 5,600) / 5,600] * 100 = -17.14%.

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Related Questions

Gas cost 29¢ per gallon in 1955 and the CPI was 26.8The CPI in 2013 was 233. The cost of one gallon of gas in 1955 using 2013 dollars would be $

Answers

The cost of one gallon of gas in 1955 using 2013 dollars will be $2.52.

To adjust for inflation from 1955 to 2013, we need to use the Consumer Price Index (CPI) for both years.

First, we need to adjust the price of gas in 1955 to its equivalent value in 2013 dollars. We can do this by multiplying the 1955 price by the ratio of the 2013 CPI to the 1955 CPI:

Price in 2013 dollars = Price in 1955 dollars × (CPI in 2013 ÷ CPI in 1955)

Price in 2013 dollars = 0.29 × (233 ÷ 26.8)

Price in 2013 dollars = 2.52

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What your body language can tell someone is an example of
implied communication
implicit communication
explicit communication

Answers

Answer:

implicit communication

Explanation:

Body language is the use of physical behaviors to communicate, as opposed to the use of words.   Implicit communication uses gestures, facial expressions, body language, and postures to get messages across. Therefore, implicit communication uses body language to communicate.

While implicit communication uses body language and gestures, explicit communication uses words to communicate. Messages from implicit communication may be unclear and subject to interpretation.




In
, people invest money in a company in exchange for the company’s
.


Answers

Answer:

In equity crowdfunding, people invest money in a company in exchange for the company’s shares

Explanation:

Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.

Startups and early-stage companies use this method to raise capital.

What is the percentage of Internet searches conducted via mobile phones?
89%
77%
over 50%
under 40%

Answers

Answer:

Over 50%

Explanation:

Globally, 68.1% of all website visits in 2020 came from mobile devices—an increase from 63.3% in 2019

The __________ shows how the capital is structured in the business, including the value of assets and the amount the firm owes at a specific point in time.

Answers

Answer:

balance sheet

Explanation:

The balance sheet shows how the capital is structured in the business, including the value of assets and the amount the firm owes at a specific point in time.

The balance sheet shows how the capital is structured in the business, including the value of assets and the amount the firm owes at a specific point in time.

What is the balance sheet?

A balance sheet is defined as a summary of an individual's or organization's financial balances. A balance sheet provides information about a company and its operations. It reveals a company's liabilities, assets, and net worth of the owners' equity.

A balance sheet provides interested parties with information about the company's financial position, allowing them to make informed financial decisions.

Therefore, the balance sheet depicts how capital is structured in the business, including the value of assets and the amount owed at any given time.

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Curtis purchased stock with an initial share price of $140, and sold it when the share price was $119. While he owned the stock, he earned $10 in dividends. What was his total percentage return on the investment?

Answers

Answer:

i think it is 31 i hope this helps brainlist pls

What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?

Answers

I don’t know Iam adult but I don’t know

One of the determinants of employees' willingness to exert effort is the degree to which they value the rewards offered by the organization.

Answers

Answer:

True.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.

An equality norm refers to a reward system in which the employer or human resource manager decide to compensate or pay the entire workforce the same amount of money without discrimination or favoritism.

Basically, it's paid regardless of individual productivity levels, in order to promote the ability to work effectively in groups.

However, one of the determinants of employees' willingness to exert effort is the degree to which they value the rewards offered by the organization. These rewards usually includes salary, overtime, transportation (car), house, pension, healthcare, allowances, etc.

Hence, the willingness of an employee to put in his best at his place of work by exerting more effort, is largely dependent on the reward system designed and being implemented in the organization.

For example, an employee who's given an official car with a driver, apartment, healthcare and work bonus is more inclined to perform excellently and loyal to his employer.

What do auditors consider when determining the extent to which the internal auditors' work will affect the auditors' procedures? a.The materiality of the account balance or transaction, the risk of material misstatement of the assertions, and the amount of subjectivity involved in evaluating the evidence gathered. b.The materiality of the account balance or transaction and the risk of material misstatement of the assertions c.The risk of material misstatement of the assertions related to the account balance, transaction or disclosure and the amount of subjectivity involved in evaluating evidence gathered. d. Only the amount of subjectivity involved in evaluating the evidence gathered.

Answers

Auditors consider multiple factors when determining the extent to which the internal auditors' work will affect their procedures. (A)

These factors include the materiality of the account balance or transaction, the risk of material misstatement of the assertions, and the amount of subjectivity involved in evaluating the evidence gathered.

Materiality is important because it helps auditors determine how much attention they need to give to a particular account or transaction. The risk of material misstatement refers to the likelihood that a misstatement would be material and can help auditors determine how much testing they need to do.

Finally, subjectivity refers to the level of judgment involved in evaluating evidence, and the more subjective the evidence, the more testing the auditors will need to do. All of these factors are important for auditors to consider to ensure that they are conducting a thorough audit.(A)

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One of the major trends in the lodging sector is that organizations are becoming more international.
O False
O True
Mark this and return
Save and Exit
Nex
Subm

One of the major trends in the lodging sector is that organizations are becoming more international.O

Answers

The answer would be true

Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 140,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:

Answers

Answer:

inventory value=$ 377,000.00  

Explanation:

In applying the rule of the lower cost of cost or net realizable value,we compare NRV(selling price minus cost to sell) with the replacement cost(current price), where the lower of the two is then compared against the original cost of the inventory item as done in the attached.

Value of inventory=$120,000+$126,000+$90,000+$41,000=$377,000.00  

 

The quality of the report Jamie turned in was lower than expected. Here was
part of his explanation: 'Large portions of the material came from Luke down
the hall." What likely character flaw does this reveal in Jamie?

Answers

Answer:

he was not doing his job right? im sorry if this is wrong

Explanation:

Answer:

B.Lack of willingness to take responsibility

Explanation:

Which of the following can put pressure on a company to carry small levels of inventory? O A, the need to increase workforce productivity O B. high cost of capital O C, the potential for stockouts and backorders O D. high ordering cost

Answers

High cost of capital  can put pressure on a company to carry small levels of inventory.

Option B is correct.

Inventory level:

By keeping a low inventory of each product, we have the leeway to market and sell more products. Retailers with low inventory levels do not need to set aside in-building storage space for additional inventory. This means you have more space to market and sell your products.

Why is inventory important?

You can understand when and when to order new items. This is useful because it allows you to see trends over time, improving your ability to manage and forecast inventory levels. This is essential for planning, implementation, and strategy development.

What is your ideal inventory level?

Optimal inventory level is the amount of inventory you need in your fulfillment centers at any given time to meet regular demand for your products. Optimizing your inventory levels can help alleviate common inventory issues such as: for example. : Selling out-of-stock items.

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A monopolistically competitive profit-maximizing firm is currently producing and selling 2,000 units of output. At this output level, marginal revenue is $9, average revenue is $10, and the average variable cost is $8. The product price is

Answers

Answer:

$10

Explanation:

Q = 2000 units . At this output level, Marginal Revenue = $9

Average Revenue = $10

Average variable cost = $8

The product price is $10 which is represented by average revenue curve.

1. Despite the expense, why might a business choose to mail a catalog?​

Answers

Answer:

Catalogs can promote a business's brand by displaying them in high-traffic areas and distributing them in stores. Customers often have an idea of what they want to buy after looking through a catalog. But, they'll likely find other items they want to buy when they go online or to a brick-and-mortar store to order.

The majority of B2B buying situations can be described as which three of the following?
a. B2C buys
b. Modified rebuys
c. Straight rebuys
d. Organizational buy
e. New buys

Answers

The majority of B2B (business-to-business) buying situations can be described as three of the following: straight rebuys, modified rebuys, and new buys.

1. Straight rebuys: In a straight rebuy situation, a company makes a routine purchase of a product or service that they have bought before. There is no need for additional information or evaluation, as the company is already familiar with the supplier and the product. This type of purchase usually involves a simple, automated process.

2. Modified rebuys: In a modified rebuy situation, a company has bought a product or service before but is looking to make some changes. This may include modifying the specifications, seeking new suppliers, or adjusting the contract terms. The company will need to gather additional information and evaluate new options to make a decision.

3. New buys: In a new buy situation, a company is purchasing a product or service for the first time. This requires extensive research and evaluation, as the company needs to identify potential suppliers, assess their offerings, and negotiate contracts. New buys involve a higher level of risk and uncertainty compared to straight or modified rebuys.

In summary, B2B buying situations can be classified into straight rebuys, modified rebuys, and new buys, depending on the company's familiarity with the product, the level of risk involved, and the amount of research and evaluation required for the purchase.

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Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government

Answers

Answer:

A

Explanation:

Answer:

It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST

Explanation:

Also, if i'm right there is no need to thank me unless you want too

Read the following descriptions. Decide who demonstrates good habits and attitudes.


Michael likes his job. He decides to take a few finance classes so that he becomes better at his job. This will also help in case he wants to transfer to a new position in the same company.

Bryan thinks he has the best job. He thinks he is already doing the best he can and doesn't do anything to improve his skills.

Answers

Answer:

Michael demonstrates good habits and attitude

Explanation:

Michael likes his job and takes the initiative to do better so he can get a new position,however Bryan is very cocky and doesn't try to get better.

1. Visit a website for a company that sells products or services online. Then go to that company's
corporate website. Compare the product/service sales site with the corporate site. Describe at least three
differences between them.

Answers

Answer:

The company being examined here is Amazon.

Their corporate website is: aboutamazon.com/

while their product sales site is amazon.com

Explanation:

The various differences are:

1. the corporate is much easier on the eyes than the product sales website

2. the corporate website contains more information on the company and its corporate activities whilst the sales website is focused on the various categories of products available for sale by the company.

3. the sales website has e-commerce functionalities, the corporate does

Cheers

a fixed-price contract is useful and appropriate when

Answers

Firm fixed-price contracts tend to be best suited for straightforward projects in which costs are well known in advance.

Which of the following statements regarding public policy and pricing is​ correct?
A.
Companies are usually free to charge whatever prices they wish.
B.
Federal statutes apply to both interstate and intrastate commerce.
C.
Companies​ can, under some​ circumstances, price items below cost.
D.
It is legal in some industries for sellers to collude with competitors when setting prices.
E.
Sellers are allowed to punish dealers who do not price a product at the​ manufacturer's suggested retail price​ (MSRP).

Answers

(C)  Companies can, under some circumstances, price items below cost is correct regarding public policy and pricing'

Under public policy and pricing considerations, it is important to note that companies do not have complete freedom to charge whatever prices they wish (statement A). Price regulations and restrictions are in place to prevent unfair practices and protect consumers and competition.

Federal statutes do apply to both interstate and intrastate commerce (statement B). This means that regulations and laws regarding pricing can extend beyond state boundaries and have an impact on businesses operating in different states.

Statement C is correct. Companies can, under certain circumstances, choose to price items below their cost. This can occur, for example, during promotional periods or to clear out excess inventory. However, consistently pricing items below cost as a strategy to drive competitors out of the market may be viewed as anti-competitive behavior and subject to legal scrutiny.

Statements D and E are incorrect. It is generally illegal for sellers to collude with competitors when setting prices (statement D). Such collusive behavior violates antitrust laws and can result in severe penalties.

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Being tardy is an example of
O positive employability skills
O broken alarm clock
O unreliable transportation
O negative employability skills

Answers

⚫️negative employability skills… cmon my boy you know you didn’t need brainly for that

Every decision involves trade-offs because
Aeveryone has to make decisions.
B everyone's resources are limited.
C some people have more money than others.
D some decisions are made for business, others for society.

Answers

Answer:

B everyone's resources are limited

Explanation:

A trade-off will involve selecting one option from a variety of choices. In a trade-off, one has to forfeit one alternative to enjoy the other. A trade-off is the same as the opportunity cost. The cost of trade-off is expressed as the foregone benefit from the next best alternative.

A trade-off exists because people have to choose the best way to use their limited resources to satisfy unending needs. The few available resources, including time and money, cannot satisfy individuals' and households' needs and wants. People have to prioritize their needs and allocate resources accordingly. Both individuals and firms will often decide to cater to their most pressing needs first. By making those decisions, a  trade-off is created.

Larry works 60 hours a week as a valet. If full-time employment is considered 40 hours per week, how many hours of overtime does Larry work?

Answers

Answer:

20 hours overtime

Explanation:

If Larry works 60 hours, take 40 hours out of that to get 20 hours which would be how much he works overtime.

He worked 20 hours full time

The director of a nonprofit ballet company is planning its next fundraising campaign. In recent​ years, the program has found the given percentages of donors and gift levels. These were used to develop a spreadsheet model to calculate the total amount donated. Use a​ one-way data table to show how the amount varies based on the number of solicitations.

Answers

By setting up a one-way data table in the spreadsheet model, the director can observe how the total amount donated varies based on different numbers of solicitations for the nonprofit ballet company's fundraising campaign.

To use a one-way data table to show how the amount donated varies based on the number of solicitations, you would set up the spreadsheet model with the following components:

Input Variables: Set up the spreadsheet with the number of solicitations as the input variable. This is the value that will be varied in the data table.

Output Calculation: Create a formula in the spreadsheet that calculates the total amount donated based on the given percentages of donors and gift levels. This formula should reference the input variable (number of solicitations) and any other relevant variables or constants.

Data Table Setup: Set up the data table in the spreadsheet by selecting a range of cells where the results will be displayed. The row input cell would be the input variable (number of solicitations), and the column input cells can be left blank since we are only analyzing the impact of one variable.

Populate Data Table: Input different values for the number of solicitations in the row input cell of the data table. Excel will automatically calculate the corresponding total amount donated based on the formula and input variables.

Analyze Data Table: The data table will display the varying amounts donated corresponding to the different values of solicitations. This allows you to observe how the amount donated changes as the number of solicitations increases or decreases.

By using the one-way data table, the director of the nonprofit ballet company can assess the impact of different solicitation numbers on the total amount donated. This information can help inform the planning and decision-making process for their next fundraising campaign.

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how should an organization handle an anonymous accusation from an employee that a supervisor in the organization has manipulated time reports?

Answers

An organization handles an anonymous accusation from an employee that a supervisor in the organization has manipulated time reports appoint an internal auditor to review all reports from the last six months in the manager's area.

Time manipulation or timeline modification is the concept of altering past events in ways that have a greater impact on the present or future.

An organization is a group of people working together, such as a neighborhood association, charity, association, or business. The word organization can be used to refer to a group or enterprise or the act of forming or establishing something.

The organizational structure consists of five elements: work organization, department, delegation, scope of control and chain of command. These elements form the organizational chart and form the organizational structure itself. "Department" refers to the way an organization structures tasks to coordinate work.

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Which of the following types of business ownership has the highest personal liability risk? A. A partnership B. A sole proprietorship C. A C corporation D. An LLC Please select the best answer from the choices provided A B C D

Answers

A sole proprietorship type of business ownership has the highest personal liability risk. Thus option(B) is correct.

What is business?

An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.

You own the company as a sole owner and are liable for any debts and other obligations. Despite being very straightforward, sole proprietorships expose business owners to greater risk than other forms of business ownership.

Therefore, Thus option(B) is correct.

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When a person brings an item to a pawnshop to obtain cash, the transaction is considered:

Answers

Answer:

Collatral loan

Explanation:

The item acts as a collatral to obtain the cash loan.

How does competition help consumers?

Answers

I did my research, and competition helps consumers by keeping the prices low and the services/goods fairly high. Competition helps our economy to grow, and the Commission helps to make sure markets are not only open, but free. I’m not sure if this is the answer you’re looking for or the right answer, but this is what I found from research.

Section three of a business plan describes which of the following?
A. Business description and analysis
B. Organization and marketing plan
C. Financial plan
D. Promotional activities

Answers

Answer:

B. organization and marketing plan

Section three of a business plan describes Organization and marketing plan. Thus option B is correct.

What is a business plan?

A business plan is an outline that describes in great depth the goals and the company's goals. A business plan outlines a documented strategy for the company's operations, finances, and branding.

Management and marketing strategy are covered in Section 3 of a marketing strategy. a statement of your company and the particular customer issue you are solving, so the reader knows what you are attempting to accomplish.

The process of determining a company's purpose for being, identifying objectives targeted at attaining its maximum capabilities, and developing progressively distinct duties to achieve those objectives is known as organizational planning.

Therefore, option B is the correct option.

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Pretend that you were a witness to one of the changes shown above, and you experienced its social consequences. Write a journal entry describing your role in the society and your reaction to the change. By filling carbon nanotubes with miniscule wires made of iron and iron carbide, incredibly thin nanowires can be extruded by blasting the carbon nanotubes with an electron beam. If Gentech Technologies plans to spend $1.7 million in year 1. $2.1 million in year 2, and $3.4 million in year 3 to develop the technology, determine the present worth of the investments in year 0, if the interest rate in year 1 is 10% and in years 2 and 3 it is 12% per year. (35 points) Explain why this statement is false: "All minerals are rocks." ?Minerals contain several types of rocks.Rocks can be made of several minerals.Minerals are made of elements.Rocks are bigger than minerals. Question 2 What is the slope and Y intercept for the following equation? 2x - 4y = 8 A. m=2 yint = 1/2 B. m= -1/2 yint = 2 C. m= -2 yint = -1/2 D. m= 1/2 yint = -2 D CA HELP ASAP I GIVE BIG BRAIN Give one example of a relationship that IS a function and explain how you know (explain it as if you are talking to someone who has never heard of a function before). In ur own words please... Find the value of x. what common element did islamic nations share?group of answer choicesthe same national dressthe same customsthe same languagethe same government Tropical forest contained dense trees which allow us sunlight to penetrate emergent trees are trees that grow to a hot more than 45 to 55 m above the usual hot of trees in tropical forest which system provides the best possible explanation for why these trees grow to those hieights Jenny ran in four races that totaled 18.5 km. The length of the first three races areRace #1: 5 kmRace#2: 4.5 kmRace #3: 5.5 kmHow far in km did Jenny run in race#4? who ever gets this right will get a brainlest and a good rating Which of the following joints includes the hips and shoulders? Please help, I need the answer soonnn!!! How many moles is 1.2 1023 atoms of Ne? Which of the following BEST explains the differences between rotation and the revolution of a planet?A. Rotation is the planet's movement around the Sun causing four seasons to occur. Revolution is the spinning of the planet on its axis causing it to experience only daylight.B. Rotation is a planets movement around the Sun causing four seasons to occur. Revolution is the spinning of the planet on its axis causing Earth to experience day and night.C. Revolution is a planets movement around the Sun causing four seasons to occur. Rotation is the spinning of the planet on its axis causing day and night.D. Revolution is a planet's movement around the Sun causing day and night to occur. Rotation is the spinning of a planet on its axis causing seasons. Using the names of the emoticons as the domain and shapes of the emoticons mouths as the range, make a list of 5 emoticons that make a function How did the American and Soviet soldiers respond to the atrocities in concentration camps differ when they liberated prisoners? Question 21As human migrated away from the equator, what may have been a selectivepressure against more melanin?Cold weather and too much body hairLower UV radiation and more DNA mutationsHigher UV radiation resulting in more vitamin D synthesisLower UV radiation resulting in less vitamin D synthesis help!!here are the optionsABis a chord.ABis a tangent line.ABis a diameter.ABis a secant line. helppppppppppppppopppppppppppppppppppppppppppp Concentrated aqueous ammonia has a molarity of 14.8m and a density of 0.90g|ml. calculate : 1 the molarity of the solution 2 the mole fraction of ammonia 3 the weight percent of ammonia