A $750 debit to Product Warranty Expense will be included in the journal entry to reflect the projected warranty expense for the month of September.
A warranty is a cost to the company. The expense should be recorded in the period it was incurred in accordance with the matching principle. The warranty expense account is debited for the amount specified as warranty. The money is intended to cover any warranty claims. The sum will be credited to the warranty expenditures account if there are warranty claims.
calculating the scout company's warranty payout.
Sales $15,000
The estimated warrant now stands at 5%.
5/100 times 15,000 is the warranty amount.
=0.05 x 15000
=$750
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6 traits a millionaire lives by according to Dave Ramsey
Hi cletus you look like a fetus
Explanation:
area 51
Which two are benefits of equity funding? (Choose two)
1. Loan payments are predictable; they do not change with the fortunes of the business.
2. Can be used to raise working capital.
3. Investors do not get paid if the business does not make a profit.
4. Loan payments can be set up so they match seasonal sales of the business.
5. Investors have no say in the management or direction of the business.
The benefits of equity funding are it can be used to raise working capital.
Investors do not get paid if the business does not make a profit. Option 2 and option 3 are appropriate response.
What is equity funding?
The practice of raising money through the selling of shares is known as equity funding. Companies raise money to pay expenses in the short term or because they have a long-term objective and need money to invest in their expansion.
A firm effectively sells ownership in their business when it sells equity shares in exchange for money. There are two methods of equity funding: the private placement of stock with investors and public stock offerings.
Equity funding is used when companies, have a short-term need for cash. It is used to raise working capital. It carries no repayment obligation, investors are only paid when the business is profitable.
Hence option 2 and option 3 are correct response.
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Which of the following is an example of an effective persuasive speech topic for a group of elementary school children? (edge 2022)
a.
the origins of Santa Claus in different cultures around the world
b.
abstinence: the best protection
c.
read at least 20 minutes a day
d.
staying in school is cool
which practice indicates integrity
The practice indicates integrity is C. recording facts correctly in official reports .
What is integrity?Integrity can be described as the practice of being honest as well as showing a level of morals in handling things that is very crucial in the organization as well as the society at large.
It should be noted that to honest entails the the act of being consistent as well as having uncompromising adherence with the values as well as the principles that involves moral in a particular organization,
In conclusion the integrity is very essential because any organization or a society that the act of integrity is flourishing, there will be a reduced crime rate as well as corruption of any form because people will be honest with the things that concern the public as well as the things that can make the society to move forward both politically and economically.
Therefore, option C is correct.
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Check the missing options:
A. manipulating people for everyone’s benefit B. inflating product costs in accounting ledgers C. recording facts correctly in official reports D. indiscriminately providing company data to external parties
Which Finance career involves the stock market?
Financial and Investment Planning
Insurance Services
Business Financial Management
Banking and Related Services
Answer:
A or D (i think!)
Explanation:
Answer:The answer is A.) Financial and Investment Planning
Explanation:edge2020
Why is ESKOM making an economic loss
Answer:
South Africa has been struggling for years to overhaul Eskom, which is plagued by corruption and mismanagement and has received 263.4 billion rand in bailouts since 2008/09.
Explanation:
Eskom is implementing the worst power outages on record, hurting economic growth that is projected at 0.9 % this year.
Renee Wilson has a life insurance policy where the payments to beneficiaries get smaller as time passes. What type of term life insurance does Renee likely have
Decreasing term life policy is the life insurance policy where the payments to beneficiaries get smaller as time passes. Declining term insurance has cheaper rates than other types of term life insurance.
What is life insurance?Life insurance is a contract between the person and an insurance provider. In return of the insurance payment the insurance company will pay the beneficiaries of huge amount.
The lump-sum amount is also called the death benefit amount which will get at the time of death of the insurance holder. The person's beneficiaries can spend the money on whatever they like.
Thus, Decreasing term life policy is the life insurance, where payments decrease as the time passes.
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a) The solar installation generates electric power from sunlight and incurs operating costs for cleaning
the solar modules (sometimes called solar panels) and replacing solar modules that have failed. The
annual revenue from the electric power is variable due to variable cloudiness and solar module failure
and has a mean of $2.78m and a standard deviation of $0.32m. The annual operating costs have a mean
of $0.51 and a standard deviation of $0.12m.
calculate the mean and standard deviation of the annual profit
Answer:
The mean of the annual profit is $2.27 m.
The standard deviation of the annual profit is $0.3418 m.
Explanation:
Let X represent the annual operating costs for cleaning the solar modules and replacing solar modules that have failed.
And let Y represent the annual revenue from the electric power.
It is provided that:
\(E(X)=\$0.51\ m\\E(Y)=\$2.78\ m\\SD(X)=\$0.12\ m\\SD(Y)=\$0.32\ m\)
It is known that:
Annual Profit (Z) = Annual Revenue (Y) - Annual Operating Costs (X)
Compute the mean of the annual profit as follows:
\(E(Z)=E(Y-X)\)
\(=E(Y)-E(X)\\=2.78-0.51\\=2.27\)
The mean of the annual profit is $2.27 m.
Compute the standard deviation of the annual profit as follows:
\(SD(Z)=\sqrt{V(Y-X)}\)
\(=\sqrt{V(Y)+V(X)-2Cov(X,Y)}\\=\sqrt{V(Y)+V(X)}\\=\sqrt{(0.32)^{2}+(0.12)^{2}}\\=0.3418\)
The standard deviation of the annual profit is $0.3418 m.
2. Optimal Portfolio: Edgar has three assets he can invest in: A risky stock with an expected return of 11% and a standard deviation of 14%, a risky bond with an expected return of 7.5% and a standard deviation of 9%, and a riskless bond with a return of 5%. The risky stock and risky bond have a coefficient of correlation of 0.31. a. 15 points. What is the expected return and standard deviation of the optimal risky portfolio? b. 15 points. What percentage of his money should Edgar put into each of these three investments if his coefficient of risk aversion is 3.4? c. 15 points. In the context of these models, what does a weight of less than 0 mean? What does a weight of more than 1 mean? What obstacles might you run into in the real world if you tried to build a portfolio with weights of less than 0 or greater than 1?
a. The expected return and standard deviation of the optimal risky portfolio cannot be determined without information on the investor's risk preferences and the risk-free rate.
b. The percentage allocation of funds to each investment depends on the investor's coefficient of risk aversion, but without that information, the specific weights cannot be calculated.
c. Weights less than 0 imply short selling or borrowing, while weights greater than 1 indicate leverage. Building portfolios with such weights can be challenging due to regulatory constraints, margin requirements, liquidity limitations, and increased risk.
a. To calculate the expected return and standard deviation of the optimal risky portfolio, we need to use the concept of portfolio diversification and the principles of modern portfolio theory. The optimal portfolio is determined by finding the combination of risky assets that provides the highest expected return for a given level of risk.
- Risky stock: Expected return = 11%, Standard deviation = 14%
- Risky bond: Expected return = 7.5%, Standard deviation = 9%
- Riskless bond (risk-free asset): Return = 5%
We also know the correlation coefficient between the risky stock and risky bond, which is 0.31.
To find the optimal portfolio, we need to consider the risk preferences of the investor. However, without information on the investor's risk preferences or the risk-free rate, we cannot determine the specific weights and expected return of the optimal portfolio.
b. To determine the percentage of money Edgar should allocate to each investment, we need to use the concept of the investor's coefficient of risk aversion. The coefficient of risk aversion measures an investor's willingness to bear risk.
A coefficient of risk aversion of 3.4, we can calculate the optimal portfolio weights using the Capital Allocation Line (CAL) equation:
Weight of risky stock = (Expected return of risky stock - Risk-free rate) / (Coefficient of risk aversion * Variance of risky stock)
Weight of risky bond = (Expected return of risky bond - Risk-free rate) / (Coefficient of risk aversion * Variance of risky bond)
The weight of the riskless bond will be the remainder (1 - weight of risky stock - weight of risky bond).
c. In the context of portfolio weights:
- A weight of less than 0 means that the investor has a short position or has borrowed money to invest, which implies selling assets they don't own. This is not common in traditional investment portfolios and is more associated with advanced trading strategies or derivatives.
- A weight of more than 1 means that the investor has leveraged their investment by borrowing money to invest more than their available capital. This amplifies both potential gains and losses.
In the real world, building a portfolio with weights less than 0 or greater than 1 can be challenging due to practical limitations and constraints. Some obstacles include:
- Regulatory constraints: Many investment regulations limit the extent of leverage and short selling activities.
- Margin requirements: Borrowing funds to invest usually involves margin requirements and additional costs.
- Availability of borrowing and lending opportunities: It may be difficult to find lenders or borrowers for certain assets or in certain market conditions.
- Increased risk and potential losses: Leveraging investments magnifies both gains and losses, leading to higher risk exposure and potential financial challenges if the investments perform poorly.
- Market liquidity: Trading large positions or engaging in short selling may be constrained by the liquidity of the underlying assets.
Overall, portfolio weights less than 0 or greater than 1 deviate from conventional investment practices and are typically associated with more sophisticated investment strategies and specialized trading approaches.
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What role do funds (money) play in the circular flow model? a. They are what households or firms pay for products or resources. b. They are the means by which trade creates value. c. They enable firms and households to interact with foreign firms and households. d. They enable firms and households to pay their taxes
Answer:
a. They are what households or firms pay for products or resources.
Explanation:
The circular flow model shows how money flows in the society, from producers to workers in the form of wages, and back to the producers as money paid for products thereby providing exchange between the household and the firm.
The household work for firms in exchange for money to pay for goods and services offered by the firm while the firm sell there goods to the household so as to be able to generate profits.
The Main goal(s) of ethics for government acquisition professionals is to1.Maintain the confidence and support of the American people.2.Avoid even the appearance of impropriety3.Both answers are correct.4.None are correct.
The main goal(s) of ethics for government acquisition professionals is to maintain the confidence and support of the American people and to avoid even the appearance of impropriety. Option 3 is correct.
Government acquisition professionals are responsible for the acquisition of goods and services on behalf of the government, and their actions must be conducted in an ethical and transparent manner. Maintaining the public's trust and confidence is essential for effective government operations, and this requires strict adherence to ethical standards, laws, and regulations.
Additionally, even the appearance of impropriety can damage public trust and confidence in government, so it is essential to avoid any behavior that could be perceived as unethical or inappropriate.
Hence, 3. Both answers are correct is the correct option.
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Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
Double entry Received commission by Cheque
Answer:
congratulations sirr
Explanation:
ask any question or queries not other things
sorry if this was hurtful to you
fid the higest common factor of
21a²b and 49ab²
Answer:
7ab
Explanation:
21a²b = 7ab * 3b
49ab² = 7ab * 7b
Coolbrook Company has the following information available for the past year:
River
Division Stream
Division
Sales revenue $ 1,200,000 $ 1,800,000
Cost of goods sold and operating expenses 900,000 1,300,000
Net operating income $ 300,000 $ 500,000
Average invested assets $ 1,200,000 $ 1,800,000
The company’s hurdle rate is 6 percent.
Required:
1. Calculate return on investment (ROI) and residual income for each division for last year. (Do not round your intermediate calculations. Round "ROI" answers to 1 decimal place. )
River Division Stream Division
ROI __________% ____________%
Residual Income $__________ $____________
2. Recalculate ROI and residual income for each division for each independent situation that follows:
a. Operating income increases by 10 percent. (Do not round your intermediate calculations. Round "ROI" answers to 2 decimal places. )
River Division Stream Division
ROI __________% ____________%
Residual Income $__________ $____________
b. Operating income decreases by 10 percent. (Do not round your intermediate calculations. Round "ROI" answers to 1 decimal place. )
River Division Stream Division
ROI __________% ____________%
Residual Income $__________ $____________
c. The company invests $250,000 in each division, an amount that generates $100,000 additional income per division. (Do not round your intermediate calculations. Round "ROI" answers to 2 decimal places. )
River Division Stream Division
ROI __________% ____________%
Residual Income $__________ $____________
d. Coolbrook changes its hurdle rate to 10 percent. (Do not round your intermediate calculations. Round "ROI" answers to 1 decimal places. )
River Division Stream Division
ROI __________% ____________%
Residual Income $__________ $____________
1. Using the given information:
River Division ROI = (Net Operating Income / Average Invested Assets) x 100%ROI = (300,000 / 1,200,000) x 100% = 25%
Residual Income = Net Operating Income - (Hurdle Rate x Average Invested Assets)Residual Income = 300,000 - (0.06 x 1,200,000) = $228,000
Stream Division ROI = (Net Operating Income / Average Invested Assets) x 100%
ROI = (500,000 / 1,800,000) x 100% = 27.78%Residual Income = Net Operating Income - (Hurdle Rate x Average Invested Assets)
Residual Income = 500,000 - (0.06 x 1,800,000) = $392,000
2a.
income:
River Division ROI = ((300,000 x 1.10) / 1,200,000) x 100% = 27.5%Residual Income = 330,000 - (0.06 x 1,200,000) = $246,000
Stream Division ROI = ((500,000 x 1.10) / 1,800,000) x 100% = 30.56%
Residual Income = 550,000 - (0.06 x 1,800,000) = $484,000
2b. With a 10% decrease in operating income:
River Division ROI = ((300,000 x 0.90) / 1,200,000) x 100% = 22.5%Residual Income = 270,000 - (0.06 x 1,200,000) = $186,000
Stream Division ROI = ((500,000 x 0.90) / 1,800,000) x 100% = 25%
Residual Income = 450,000 - (0.06 x 1,800,000) = $270,000
2c. With an investment of $250,000 generating $100,000 additional income per division:
River Division ROI = ((300,000 + 100,000) / (1,200,000 + 250,000)) x 100% = 32.5%Residual Income = 400,000 - (0.06 x (1,200,000 + 250,000)) = $265,000
Stream Division ROI = ((500,000 + 100,000) / (1,800,000 + 250,000)) x 100% = 33.33%
Residual Income = 600,000 - (0.06 x (1,800,000 + 250,000)) = $435,000
2d. With a hurdle rate of 10%:
River Division ROI = (300,000 / 1,200,000) x 100% = 25%Residual Income = 300,000 - (0.10 x 1,200,000) = $180,000
Stream Division ROI = (500,000 / 1,800,000) x 100% = 27.78%Residual Income = 500,000 - (0.10 x 1,800,000) = $320,000
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Which of the following is not an example of professional behavior
?
When someone makes a choice, what are all the other alternatives that are given up by making that choice called?
When someone makes a choice, what are all the other alternatives that are given up by making that choice called trade-offs.
All of economics is about tradeoffs. Any circumstance where choosing one course of action results in giving up another, often foregoing a reward or opportunity, is referred to as a tradeoff. A bonus in one area must be a minus in another, and in these zero-sum circumstances we encounter tradeoffs. The investigation of how humans distribute limited resources and bargain over opportunity costs is a central tenet of economic theory.
If we apply economic principles to resources other than money, economics provides instruments that we may utilize as guides for achieving our goals in life. Even while we all understand that money isn't limitless, we frequently treat our time, energy, and attention as if they are.
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QUESTION 13 Managers use executive information systems (EISs) to: O a. spot trends. O b. track inventories. O c. communicate via videoconferences. O d. work in groups.
Managers use executive information systems (EISs) primarily to spot trends and gain valuable insights for decision-making.
Executive information systems (EISs) are specialized software applications designed to support the strategic decision-making process of managers. These systems provide executives with access to relevant and timely information from various sources within the organization and the external environment.
One of the key functionalities of EISs is the ability to spot trends in the data. By analyzing and aggregating data from different departments, business units, and external sources, EISs help managers identify patterns and emerging trends that can impact the organization's performance.
This enables managers to make informed decisions and take proactive actions to address potential opportunities or challenges. While EISs may offer additional features such as communication via videoconferences or group collaboration tools, their primary purpose is to provide executives with powerful analytical capabilities to spot trends and facilitate data-driven decision-making.
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Which of the following activities would be a part of the leading function of management?
A. Devising a new strategic plan to enter a new foreign market currently dominated by a competing firm
B. Recruiting qualified workers to join the organization and assigning them to their proper position
C. Examining a financial report to see whether the firm's profits are improving and taking corrective action if they are not
D. Training and coaching workers to help them understand their job and perform it effectively
The leading function of management involves inspiring, guiding, and directing employees towards the achievement of organizational goals.
Management is the process of planning, organizing, leading, and controlling resources within an organization.
In this context, the following activities would be considered as part of the leading function of management.
A. Devising a new strategic plan to enter a new foreign market currently dominated by a competing firm is a critical function of the leading role of management.
B. Recruiting qualified workers to join the organization and assigning them to their proper position is also a vital function of the leading role of management.
C. Examining a financial report to see whether the firm's profits are improving and taking corrective action if they are not is a key function of the leading role of management.
D. Training and coaching workers to help them understand their job and perform it effectively is a crucial function of the leading role of management.
In conclusion, the leading function of management is a critical aspect of the overall management process and involves inspiring, guiding, and directing employees towards the achievement of organizational goals. Through the proper application of these functions, the management team can help ensure the success and growth of the organization.
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Which production strategy results in a build-up and depletion of inventory?
Chase strategy
Level production plan
The production strategy that results in a build-up and depletion of inventory is the Level production plan.
This can lead to periods of inventory buildup when demand is lower than production and periods of inventory depletion when demand exceeds production. On the other hand, the chase strategy adjusts production levels to match the actual demand, minimizing inventory buildup and depletion.
The level production plan is a production strategy where production is maintained at a constant rate over a specific period, regardless of changes in demand. This can lead to inventory buildup when production exceeds demand and inventory depletion when demand surpasses production. With a level production plan, inventory levels fluctuate as the company accumulates excess inventory during slower periods and depletes inventory during peak demand periods. This strategy aims to provide a consistent production output and may require effective inventory management to avoid excessive costs associated with carrying and storing inventory. However, it may result in increased holding costs and the risk of obsolete inventory if demand patterns change significantly.
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she ripped my (finish the sentance)
Answer:
band-aid off my knee?
Explanation:
Answer:
duct-tape off of my mouth
Explanation:
conduct a research in your community on the negative impact of strikes as a socio-economic issue on businesses and present your findings
The negative impact does strikes have on the economy are:
Low employment rate.Low business confidence.Increases in the level of risk of economic stagflation, etc.What are the effects of strikes on the economy?The negative impact of strike is that it strains the employment relationships that exist between parties and thus influence teamwork and profitability negatively.
Note that a lot of Businesses suffer production and financial losses as well as low consumer confidence during these strikes.
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Compare and contrast the principal characteristics of a market economy with those of a command economy
Answer: Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
Explanation:
Market economy; is an economic system where decisions regarding investment, production and distribution are controlled by the price signals created by forces of supply and demand.
Demand economy; is an economic system where the consumers desire to buy goods and services and their willingness to pay a particular price for them. An increase in the process of a good or service will decrease the quantity demanded
Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather, it relies completely on independent sales agents to market its products. These agents are paid a sales commission of 15% for all items sold.
Barbara Cheney, Pittman's controller, has just prepared the company's budgeted income statement for next year as follows:
Pittman Company
Budgeted Income Statement
For the Year Ended December 31
Sales $ 25,000,000
Manufacturing expenses:
Variable $ 11,250,000
Fixed overhead 3,500,000 14,750,000
Gross margin 10,250,000
Selling and administrative expenses:
Commissions to agents 3,750,000
Fixed marketing expenses 175,000 *
Fixed administrative expenses 2,160,000 6,085,000
Net operating income 4,165,000
Fixed interest expenses 875,000
Income before income taxes 3,290,000
Income taxes (30%) 987,000
Net income $ 2,303,000
*Primarily depreciation on storage facilities.
As Barbara handed the statement to Karl Vecci, Pittman's president, she commented, "I went ahead and used the agents' 15% commission rate in completing these statements, but we've just learned that they refuse to handle our products next year unless we increase the commission rate to 20%."
"That's the last straw," Karl replied angrily. "Those agents have been demanding more and more, and this time they've gone too far. How can they possibly defend a 20% commission rate?"
"They claim that after paying for advertising, travel, and the other costs of promotion, there's nothing left over for profit," replied Barbara.
"I say it's just plain robbery," retorted Karl. "And I also say it's time we dumped those guys and got our own sales force. Can you get your people to work up some cost figures for us to look at?"
"We've already worked them up," said Barbara. "Several companies we know about pay a 7.5% commission to their own salespeople, along with a small salary. Of course, we would have to handle all promotion costs, too. We figure our fixed expenses would increase by $3,750,000 per year, but that would be more than offset by the $5,000,000 (20% × $25,000,000) that we would avoid on agents' commissions."
The breakdown of the $3,750,000 cost follows:
Salaries:
Sales manager $ 156,250
Salespersons 937,500
Travel and entertainment 625,000
Advertising 2,031,250
Total $ 3,750,000
"Super," replied Karl. "And I noticed that the $3,750,000 equals what we're paying the agents under the old 15% commission rate."
"It's even better than that," explained Barbara. "We can actually save $115,000 a year because that's what we're paying our auditors to check out the agents' reports. So our overall administrative expenses would be less."
"Pull all of these numbers together and we'll show them to the executive committee tomorrow," said Karl. "With the approval of the committee, we can move on the matter immediately."
Required:
1. Compute Pittman Company's break-even point in dollar sales for next year assuming:
a. The agents' commission rate remains unchanged at 15%.
Pittman Company's break-even point in dollar sales for next year is $16,775,000, assuming the agents' commission rate remains unchanged at 15%.
What is meant by variable costs?Costs that fluctuate according to business activities are referred to as variable costs. They climb higher the busier you are. They stand in opposition to fixed costs. A company's variable costs, which include inventory and freight, increase as sales increase. Variable costs thus are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. These can be regarded as typical expenses as well. While cost is divided into two parts: fixed costs and variable costs.
Given:
Calculate Fixed Costs
$3,500,000 FOH
ADD: 175,000 Fixed marketing
ADD: 2,160,000 Fixed admin
ADD: 875,000 Fixed interest
=$6,710,000 total fixed costs
Calculate Variable Costs
$11,250,000 variable manufacturing expenses
ADD: 3,750,000 commissions to agents
=$15,000,000 total variable costs
Calculate the Break-even point (in dollars)
The BEP in dollars = FCs / CM Ratio
=FCS / ((Sales - VCs) / Sales)
Therefore, the Break-even point in dollars
=$6,710,000 FCs / {($25,000,000 in sales - $15,000 TVCs) / $25,000,000 sales}
=$6,710,000 FCs / CM ratio of 0.4
=$16,775,000
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variable costs as a percentage of sales for lemon inc. are 62%, current sales are $632,000, and fixed costs are $193,000. how much will operating income change if sales increase by $42,600? a.$26,412 decrease b.$26,412 increase c.$16,188 decrease d.$16,188 increase
The closest answer choice is (d) operating income change if sales increase by $16,188 increase.
To solve this problem, we first need to calculate the contribution margin, which is the difference between the sales revenue and variable costs.
Contribution margin = Sales revenue - Variable costs
= $632,000 - (0.62 x $632,000)
= $632,000 - $391,840
= $240,160
Next, we can calculate the operating income using the contribution margin and fixed costs:
Operating income = Contribution margin - Fixed costs
= $240,160 - $193,000
= $47,160
If sales increase by $42,600, the new sales revenue will be:
New sales revenue = $632,000 + $42,600
= $674,600
Using the same percentage for variable costs, the new variable costs will be:
New variable costs = 0.62 x $674,600
= $418,372
The new contribution margin will be:
New contribution margin = $674,600 - $418,372
= $256,228
The new operating income will be:
New operating income = $256,228 - $193,000
= $63,228
Therefore, the operating income will increase by $63,228 - $47,160 = $16,068.
The closest answer choice is (d) $16,188 increase.
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2. individual problems 10-2 to increase a company's profit, a manager suggests that the company needs to increase the value of its product to customers. suppose, per the manager's advice, the company successfully increases the value of its product to its customers. at the same time, however, the price and cost per unit of the good both increase by the same amount. indicate whether profit per unit will increase, decrease, or stay the same (no change). hint: think about the allocation of economic value for a product between cost, profit, and consumer surplus. increase decrease no change profit per unit
If the price and cost per unit of the product both increase by the same amount, it means that the company is capturing the additional value it has created through the price increase. In this case, the profit per unit will stay the same (no change).
When the company successfully increases the value of its product to customers, it implies that customers perceive the product to be more beneficial or valuable. As a result, they may be willing to pay a higher price for the product.
Therefore, when the company successfully rises the value of its product to customers and the price and cost per unit both increase by the same amount, the profit per unit will stay the same (no change).
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The complete question might be:
To increase a company's profit, a manager suggests that the company needs to increase the value of its product to customers. Suppose, per the manager's advice, the company successfully increases the value of its product to its customers. At the same time, however, the price and cost per unit of the good both increase by the same amount. Indicate whether profit per unit will increase, decrease, or stay the same (no change). Hint: Think about the allocation of economic value for a product between cost, profit, and consumer surplus.
According to the Federal Trade Commission (FTC) Safeguards Rule, tax return preparers m ch of the following plans to protect client data? A. Business Continuity Plan (BCP) B. Written Information Security Plan (WISP) C. Cybersecurity Framework D. General Data Protection
According to the Federal Trade Commission (FTC) Safeguards Rule, tax return preparers must develop and implement a Written Information Security Plan (WISP) to protect client data. The correct option is B.
What is the Federal Trade Commission Safeguards Rule? The Federal Trade Commission's Safeguards Rule requires financial institutions to create, implement, and maintain a comprehensive security program to protect the confidentiality, integrity, and availability of sensitive customer information. As per the Safeguards Rule, companies are required to assess risks to customer data, design and implement information security programs to mitigate those risks, and monitor and test the effectiveness of those programs periodically. Written Information Security Plan (WISP)A Written Information Security Plan (WISP) is a documented strategy that outlines how an organization will safeguard sensitive data and maintain information security. It aids in the creation of a framework for addressing any current or future security threats that an organization may face, as well as assisting in ensuring compliance with relevant laws and regulations. The FTC Safeguards Rule, as well as various state and sector-specific regulations, often require the creation of a WISP as a component of a comprehensive information security program. Business Continuity Plan (BCP)A Business Continuity Plan (BCP) is a plan that outlines how an organization will continue to operate in the event of a disaster or other significant business interruption. It aids in the identification of key business functions and systems and the development of strategies for maintaining or restoring their availability in the event of a disruption. While a BCP can aid in ensuring business continuity in the event of a data breach or other security incident, it is not a component of the FTC Safeguards Rule. Cybersecurity Framework: The Cybersecurity Framework is a voluntary set of guidelines, best practices, and standards created by the National Institute of Standards and Technology (NIST) to assist organizations in improving their cybersecurity risk management. While the FTC has suggested that organizations refer to the framework as a resource when designing and implementing information security programs, it is not a requirement of the Safeguards Rule. General Data Protection Regulation (GDPR)The General Data Protection Regulation (GDPR) is a European Union law that governs data privacy and security. It sets strict requirements for the collection, use, storage, and disposal of personal data and requires organizations that process EU residents' personal data to take appropriate security measures. However, it does not apply to tax return preparers in the United States.Hence, the correct option is B.For more such questions on Federal Trade Commission
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Which of the following is an example of telecommuting?
A. Setting up a conference call between two different companies
B. Working from home instead of at the company's main office
C. Scheduling a meeting in the middle of the day
D. Using a computer and slideshow during a meeting
B. Working from home instead of at the company's main office
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An example of is Working from home instead
Telecommuting is also known as Remote work
Telecommuting refers to the ability granted to an employee to work from remote place apart from the office.
The reason why Organization allows telecommuting are:
Its helps to improve employee efficiencyIts offers schedule flexibilityIts improved employee retention and attraction.In conclusion, the mode of getting work done have been increasing in recent time because its saves cost for both the employee and employer.
Learn more about Telecommuting here
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The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even
Answer:
The correct answer is "2000 units".
Explanation:
Given:
Fixed cost,
F = $50,000
Variable cost,
VC = $100 per unit
Price,
P = $125 per unit
Let the units to be sold be "x".
Throughout the case of breakeven,
⇒ \(Total \ revenue=Total \ cost\)
⇒ \(125x=50000+100x\)
On subtracting "100x" from both sides,
⇒ \(125x-100x=50000+100x-125x\)
⇒ \(25x=50000\)
⇒ \(x=\frac{50000}{25}\)
⇒ \(=2000 \ units\)
Many politicians have degrees in business or law.
True
False