The project network and associated costs (T in days, C in $1,000s) are shown below. D End Start С B 타 Activity Normal T₁ Ca Ce 4 210 280 9 400 640 6 500 600 9 540 600 4 500 1100 200 5 150 4 240 90 3 150 3 150 7 600 6 750 150 a. Verify that the normal duration is 22 days and that the direct cost is $3,050. b. What is the least costly way to reduce the project duration to 21 days?

Answers

Answer 1

Given,The project network and associated costs (T in days, C in $1,000s) are shown below.End Start С B 타 Activity Normal T₁ Ca Ce 4 210 280 9 400 640 6 500 600 9 540 600 4 500 1100 200 5 150 4 240 90 3 150 3 150 7 600 6 750 150Normal duration = 22 daysDirect cost = $3050(a)

Normal duration = (4+9+6+9+4+5+4+3+7) = 51 daysDirect cost = (210+400+500+540+500+150+240+150+600) = $3350/b) To reduce the project duration to 21 days;Crashing activity A by 1 day;The direct cost for activity A = $1100 (Ce) - $500 (Ca) = $600To reduce the project duration to 21 days;Crashing activity H by 1 day;The direct cost for activity H = $150 (Ce) - $90 (Ca) = $60

To reduce the project duration to 21 days;Crashing activity B by 1 day;The direct cost for activity B = $640 (Ce) - $400 (Ca) = $240As crashing activity B by 1 day gives the least costly option, thus the least costly way to reduce the project duration to 21 days is crashing activity B by 1 day, which will reduce the duration to 21 days and the total cost to $3590.

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Related Questions

Which best diagrams the correct obstacle to the example?

Answers

economic trade this is your answer hope it's helpful to you

Economic Trade is the answer.

an advantage of the use of computers to maintain and compile accounting information is ______.

Answers

Answer:

Speed

Explanation:

an advantage of the use of computers to maintain and compile accounting information is speed.

An insurance company faces an ethical dilemma. A faulty computer program designed to evaluate insurance claims has been denying a high number of valid claims. A meeting has been arranged where senior management would decide how to handle the situation. The people at the table have varying views of what action to take and why. Han wants to report the error and reimburse the affected customers immediately because he believes he could end up being fired if the company's reputation suffers because of the issue. Jamila wants to report the error because it is the honest thing to do, and therefore necessary. After hearing his colleagues' opinions, Keith says he is willing to do whatever the more experienced managers in the group recommend. Several other managers believe the company should correct the problem going forward but not do anything about the customers who lost out on past payments. Which of the following best describes the ethical system used by Jamila to make her decision?
A. universalism
B. utilitarianism
C. egoism
D. virtue ethics
E. relativism

Answers

Answer:

D. virtue ethics

Explanation:

Virtue ethics is the person based. It would show the moral character of the person that carried out the action instead of the duties & rules. Basically a good person is the someone who possessed and Live the virtues

So according to the given situation, Jamila would use the virtue eithics because the  ethical system has come for her decision

Hence, the option d is correct

write short notes by Napier bone ​

Answers

Answer:

Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.

Kasravi co. Had net income for 2013 of shs 400,000.The average number of shares outstanding for the period was 200,000 shares

Answers

Answer:

$1.98

Explanation:

Calculation for should Kasravi Co. report for diluted earnings per share for the year ended 2013

First step is to calculate the Proceeds amount

Proceeds = 12000 × $30

Proceeds = $36,000

Second step is to calculate the Shares assumed purchased

Shares assumed purchased= ($36,000 ÷ $36)

Shares assumed purchased = 10000 shares.

Third step is to calculate the Incremental share issued

Incremental share issued (12000 - 10000)

Incremental share issued = 2000 shares

Now let calculate the diluted earnings per share for the year ended 2013 using this formula

Diluted earnings per share = (Net income ÷ Average Weighted shares + incremental share issued))

Let plug in the formula

Diluted earnings per share = ($400,000 ÷ (200,000 shares +2000 shares))

Diluted earnings per share= $400,000 ÷ 202,000 shares

Diluted earnings per share= $1.98

Therefore The amount that Kasravi Co. Should report for diluted earnings per share for the year ended 2013 is $1.98

The asset that is most susceptible to employee fraud is.

Answers

The asset in a company that is typically susceptible to fraud by the employees is known as cash.

What is an asset?

An asset simply means the resource that is controlled or owned by a company.

The asset in a company that is typically susceptible to fraud by the employees is known as cash. It should be noted that an asset in a company is important as it can produce positive economic value.

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Calculating addition to retained earnings Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATAREVIEW VIEW Sign In Ob Calibri u- h4. 2.A. Cells Editing Paste ·▲▼ Alignment Number Conditional Format as Cell Num FormattingTabl Styles- Clipboard r Font Styles U18 A B Cash dividends $ 95,000 13 14 15 16 17 18 19 20 21 Complete the following analysis. Do not hard code values in your calculations Income Statement Sales Costs Depreciation expense EBIT Interest expense EBT Taxes (21 % Net income 23 24 25 26 27 28 29 30 31 32 Addition to retained earnings

Answers

The addition to retained earnings is $209,150.

How to calculate retained earnings?

Retained earnings is a cumulative the income or profit in corporation after distributing the dividend, or in other word the retained earning is the profit in corporation which are not distributed as dividends.

So, basically to calculate retained earnings we only need subtract the net income by dividend. But, we need to calculate the net income first which is can be done by subtract the sales by all expenses.

Net income = sales - costs - depreciation expenses - interest expenses - tax

Net income = $817,000 - $343,000 - $51,000 - $38,000 - tax

Net income = $385,000 - tax

Since tax is 21%, so the value of tax is $385,000 * 21% = $80,850.

Net income = $385,000 - $80,850

Net income = $304,150

Then, we can calculate the retained earnings.

Retained earnings = net income - dividend

= $304,150 - $95,000

= $209,150

To completion the table, see the attached image.

You question is incomplete, but most probably your full question was

(image attached)

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Calculating addition to retained earnings Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATAREVIEW VIEW
Calculating addition to retained earnings Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATAREVIEW VIEW
Calculating addition to retained earnings Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATAREVIEW VIEW
Calculating addition to retained earnings Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATAREVIEW VIEW

Do a minor research on at least 5 inventory optimization software providers.Analyze and compare the main services, features and technologies that powers these software's.

Answers

Some options for inventory optimization software providers along with their main services, features, and technologies:

Fishbowl Inventory, Oracle, SAP, MDA software and Epicor.

Inventory optimization software providers

Here are some options for inventory optimization software providers along with their main services, features, and technologies:

1. Fishbowl Inventory:Fishbowl Inventory provides software that enables companies to manage their inventory, create invoices, and generate reports. The software features a barcode scanner and supports real-time updates. Additionally, Fishbowl Inventory integrates with QuickBooks and supports a variety of manufacturing and order fulfillment features.

2. Oracle:Oracle provides a suite of software that includes inventory optimization features. Their software can be used to manage demand, create sales forecasts, and balance inventory levels. Additionally, Oracle's software can help companies optimize their supply chains and create more efficient purchasing and production processes.

3. SAP:SAP provides software for a wide range of business needs, including inventory optimization. Their software supports real-time updates and includes advanced analytics features. Additionally, SAP's software can help companies optimize their supply chains, reduce costs, and improve their overall efficiency.

4. JDA Software:JDA Software provides software for supply chain optimization, including inventory management features. Their software can be used to create demand forecasts, manage inventory levels, and optimize production processes. Additionally, JDA's software supports advanced analytics and can help companies reduce costs and improve their overall efficiency.

5. Epicor:Epicor provides software for inventory management, order fulfillment, and warehouse management. Their software supports real-time updates and includes advanced analytics features. Additionally, Epicor's software can help companies optimize their supply chains and improve their overall efficiency.

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Bill and Brandy are cashing out on some of their home equity to cover the cost of sending their son to college. To maximize their borrowing potential, they hired Jeff to appraise their home. He informed them the appraised value of the property is $335,000. Luckily for them, this was more than enough to cover the cost of college tuition, but they were concerned because their assessed value is currently $375,000. The mill rate for their county is comparatively high. Which of the following best describes the cause for their concern?

a. The couple is probably paying too much ad valorem tax which is based on the assessed value and the mill rate.

b. In this case, the special assessment is not high enough and the couple should challenge the appraised value.

c. The appraiser should have taken the high mill rate into account to obtain a more accurate value.

d. The couple is probably paying too much in taxes. They may be able to get their mill rate lowered if they present the county with the lower appraised value.

Answers

The couple's concern is best described byThe couple is probably paying too much ad valorem tax which is based on the assessed value and the mill rate. The correct answer is option (a).

Ad valorem tax is a property tax based on the assessed value of the property and the mill rate, which is the tax rate per $1,000 of assessed value. In this case, the assessed value of their property is $375,000, while the appraised value is $335,000. Since the assessed value is higher than the appraised value, the couple's concern is that they may be paying higher property taxes than necessary.

The mill rate being comparatively high further compounds their concern as it would result in a higher tax liability. To potentially address their concern, the couple may consider challenging the assessed value by presenting the lower appraised value to the county. This could potentially lead to a reassessment and a lower tax burden if the county agrees to adjust the assessed value based on the appraised value. Hence, option (a) is the correct answer.

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would anyone be willing to give away tickets for a concert please?

Answers

No sidhdbjwoqownebsbeuehsba eishdbejso
what concert tho haha Hasjda

Suppose your bank offers to "Triple your money in 15 years'. What is the annual rato of interent you are being offered? A. No solution B. 13.33% C. 20% D. 7.60%

Answers

The annual interest rate offered to triple your money in 15 years is approximately 13.33%.

The annual interest rate being offered can be calculated using the compound interest formula:

Future Value = Present Value * (1 + Interest Rate)^Number of Periods

Given that the bank is offering to triple your money in 15 years, it means the future value (FV) is three times the present value (PV). So we have:

FV = 3 * PV

Substituting the formula for future value, we get:

3 * PV = PV * (1 + Interest Rate)^15

Dividing both sides by PV and taking the 15th root, we have:

(1 + Interest Rate) = 3^(1/15)

Simplifying further, we find:

Interest Rate = (3^(1/15)) - 1

Using a calculator, the approximate value of the interest rate is 0.1323 or 13.23%.

Therefore, the correct answer is B. 13.33%.

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Type the correct answer in the box. Use numerals instead of words. If necessary, use / for the fraction bar.
What is the closing balance of the accumulated depreciation account?

Accumulated Depreciation Account

Date Item $ Date Item $
Jan 1, 2012 Balance b/f 1,000
Dec 31, 2012 Depreciation Account 2,000

3,000 3,000
The closing balance of the Accumulated depreciation account is $




ANSWERRR IS 3000

Answers

Is this college school work?

When decision making is delegated to lower-level managers and employees more familiar with local conditions than top managers it is called:_________

Answers

Decentralization is the process of moving decision-making authority down the organizational hierarchy, giving lower-level employees more responsibility and authority to make and execute decisions.

An organizational structure in which decision-making authority is delegated to subordinate managers who are more familiar with local conditions than those at headquarters. Optimal number of subordinates that a manager oversees or should oversee.

Organizations that use traditional hierarchical structures rely on vertical chains of command as the primary way to organize employees and their responsibilities.

Employee privileges increase as they move up the hierarchy. If you need leadership, you also need authority. Authority ensures that everyone under the manager's command is working toward organizational goals or facing discipline.

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Calculate the gross profit using this information:
Sales revenue $315,000
Accounts receivable 53,000
Ending inventory 120,000
Cost of goods sold 236,000
Sales returns 25,000

Answers

Net sales and cost of goods sold must first be determined in order to determine the gross profit. Thus, there is a $174,000 gross profit.

The difference between an organization's entire revenue and its total cost of goods sold, which is determined by deducting the cost of goods sold from the total revenue, is known as gross profit. Also known as gross margin or gross revenue.

Net Sales = Sales Revenue - Sales Returns

Net Sales = $315,000 - $25,000

Net Sales = $290,000

Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory

Cost of Goods Sold = $0 + $236,000 - $120,000

Cost of Goods Sold = $116,000

Gross Profit = Net Sales - Cost of Goods Sold

Gross Profit = $290,000 - $116,000

Gross Profit = $174,000

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To calculate the gross profit, we need to first subtract the cost of goods sold (COGS) from the sales revenue.

Sales revenue: $315,000
COGS: $236,000

Gross profit = Sales revenue - COGS
Gross profit = $315,000 - $236,000
Gross profit = $79,000

However, we also need to take into account the sales returns and the ending inventory.

Net sales = Sales revenue - Sales returns
Net sales = $315,000 - $25,000
Net sales = $290,000

Cost of goods available for sale = Beginning inventory + Purchases
Cost of goods available for sale = $0 + $236,000
Cost of goods available for sale = $236,000

Cost of goods sold = Cost of goods available for sale - Ending inventory
Cost of goods sold = $236,000 - $120,000
Cost of goods sold = $116,000

Now we can calculate the gross profit using the adjusted net sales and COGS figures.

Gross profit = Net sales - COGS
Gross profit = $290,000 - $116,000
Gross profit = $174,000

So the gross profit for this scenario is $174,000.

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What information do consumer reporting agencies provide banks and lending businesses for a person's credit history when a person applies for a loan?

Select all that apply. Thanks!

Employment

Email I.D. and password

Product preference

Bankruptcy history

Debt

Relationship history

Current and past loans

Answers

Employment, produce preference, current and past loans, bankruptcy histroy and debt

how does creating assortments help a channel intermediary reduce the number of transactions and create efficiency for manufacturers and​ customers?

Answers

they provide a variety of products in one location—so that customers can conveniently buy many different items from one seller at one time.
ANSWER ^

An extremely rainy spring and summer may impact growing crops. This is an example of what type of risk

Answers

Answer:

Environmental risk

Explanation:

In simple words, The environmental risk of farming refers to the affect that various agricultural activities have on the environments in which they operate, as well as how those impacts can be linked to those practices. Agriculture's ecological influence varies greatly depending on the activities used by growers as well as the size at which they operate.

a payment made to expedite or to secure the performance of a routine governmental action is called a group of answer choices grease payment. government fee. tariff. lump payment. protection payout.

Answers

A payment made to expedite or to secure the performance of a routine governmental action is called facilitation payments.

What exactly is a facilitation payment?

A reward or benefit offered to a public servant or employee to induce them to perform a duty they ought to have already performed. The facilitation payment does not ask for special treatment, unlike a bribe, and is typically legal.

Payments for facilitation are provided to speed up or facilitate a public official's performance of a routine government task, not to acquire or retain business or to benefit from any unethical economic advantage.

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A savings account is a good choice for:
A. a high return on your investment.
B. retirement planning.
C. when you need easy access to your funds. .
о
D. basic savings and as an emergency fund.

Answers

Answer:

B. Basic savings and as an emergency fund

Explanation:

Suppose you have just been hired as a business consultant to determine what pricing policy would be appropriate to increase the total revenue of a therapeutic massage spa. The first step you would take would be to:
a. reduce staff in order to reduce operating costs
b. determine the price elasticity of demand for massages
c. determine the price elasticity of supply for massages
d. increase the price of all massages

Answers

Answer:

c

Explanation:

Which are guidelines for using Themes?
Check all that apply.
A. Using different cell styles can help you differentiate different types of data.
B. Fonts should be easily readable and of appropriate size.
C. You cannot customize the default themes.
D. Be consistent with themes across worksheets and workbooks.
E. Applying a new theme will only change cells in a workbook that have no other formatting applied.

Answers

Answer:

I think it's D. or A. or B. but I mostly think it's D. Be consistent with themes across worksheets and workbooks

Statements that explains the guidelines when using a Theme are: A. Using different cell styles can help you differentiate different types of data.

B. Fonts should be easily readable and of appropriate size.

C. You cannot customize the default themes.

WordPress theme can be regarded as a group of files, these file can contains graphics, style sheets as well as code, which will give overall appearance of a blog or website.

In using this, we can follow some guidelines such as; making use of more than a cell can help in differentiatiation of different types of data, default themes cannot be customized, and the selection of fonts should be made carefully.

Therefore, option, ABC are correct.

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a stock is expecting 4 years of non-constant growth in dividends followed by a constant growth rate in year 5 and beyond. how would you go about finding the value of this stock today?

Answers

Use the dividend discount model (DDM) by discounting expected dividends over 4 years with non-constant growth, then use a constant growth rate for year 5 and beyond, and discount back to present value.

Use the dividend discount model to calculate the value of a company with four years of non-constant dividend growth and five years of constant dividend growth. (DDM). Using financial estimates, calculate the anticipated dividends for each of the next four years.

Then, for years five and beyond, assuming a steady growth rate. The predicted dividends for each year are discounted back to present value using a needed rate of return. To determine the stock's current worth, add up the present values of all projected dividends.

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how many 1000 pesos to dollars

Answers

The exchange rate between pesos and dollars can vary daily, and therefore the conversion rate from 1000 pesos to dollars changes regularly. To get an accurate and up-to-date conversion rate, it's best to use an online currency converter or check the rate at a financial institution.

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According to this image :
1- What is the age range of the generation with the highest amount of household debt?

2-Which is the only generation to decrease its average debt from 2019 to 2020?


3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.


4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).

5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.

I have to turn this worksheet today, So please ANYONE help me out please ASAP..

According to this image :1- What is the age range of the generation with the highest amount of household

Answers

Answer:

1. Gen X 41-56years

2. Silent Gen reduced debt by 4.6%

3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt

Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.

4.Gen Z average debt $16,000

Gen X average debt $ 140,000

In 5years, it will meet up with Gen Xs level of debt

5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.

If the value of the goods and services a country produces increases while its
population stays the same, which statement must be true?
A. The country's unemployment rate has decreased.
B. The country's total GDP has decreased.
C. The country's per capita GDP has increased.
D. The country's rate of inflation has increased.

Answers

If the value of the goods and services a country produces increases while its population stays the same, "the country's per capita GDP has increased."

This is based on the idea that per capita GDP is a form of GDP measure that divides the total GDP, particularly a country with the population or number of people living in that country.

Therefore, when the value of the goods and services a country produces increases while its population stays the same, "the country's per capita GDP has increased."

Hence, in this case, the correct answer is option C. "the country's per capita GDP has increased."

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Answer: The country's per capita GDP has increased. So "C" is right.

Explanation: Just took the quiz

WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan

visit some stores selling the product
stop production of the product
lower prices and see what happens

Answers

Answer:

They company goes out of business?

Explanation:

“Creditors do not actually have to worry about their dues in case the business fails.” In which
form of business is this possible? Which special feature is highlighted in this statement ?

Answers

Answer:

Sole proprietorship

The sole proprietor(not creditors but creditor) bears all losses

Explanation:

Sole proprietorship is a form of business in which there is no legal difference between the owner and the business entity as both are one and the same. The term 'sole' connotes 'only' while 'proprietorship' connotes 'owner(ship)'; it is also referred to as individual entrepreneurship. This is because only the owner of the business (the proprietor) bears all the risks (losses, debts, legal actions etc) and benefits (profits, dividends etc) of the business venture. He owns all the assets of the business venture, debts as well as the legal actions (whether positive or negative); when business is faring well, he enjoys a handsome profit and when business is struggling, he also bears the brunt of it.

The special feature highlighted in the statement above is the reality that the "creditors" refers simply and only to the proprietor (the owner of the business); in which case, if the business fails, the proprietor does not have to bother about the backlash from creditors' pressures, legal actions etc. He is the sole bearer of the losses of the business venture.

Required information 3 Part 3 of 3 MSI's information related to the ToddleTown Tours collection follows: Segmented Income Statement for MSI'S ToddleTown Tours Product Lines Post Pet Store Grocery office Parade Getaway Tolka Total Sales revenue $135,000 $130,000 $36,000 $301,000 Variable costs 57,000 53,000 32,000 142,000 Contribution margin $70,000 $ 77,000 $4,000 $159,000 Less Direct Fixed costs 8,200 8,200 3,400 19,800 Segment margin $ 68,800 600 $139,200 Lesst Common fixed costs 6,750 6,500 15,050 Het operating income (los) $6,050 62,300 TL,200) 0120,150 "Allocated based on total sales revenue, MSI has determined that elimination of the Post Office Polka (POP) program would not impact sales of the other two items. The remaining fixed overhead currently allocated to the POP product would be redistributed to the remaining two products Required: 1. Calculate the incremental effect on profit If the POP product is eliminated. 2. Should MSI drop the POP product? 3-a. Calculate the incremental effect on profit if the POP product is eliminated. Suppose that $1,200 of the common fixed costs could be avoided if the POP product line were eliminated. 3-b. Should MSI drop the POP product?

Answers

The incremental effect on profit If the POP product is eliminated is calculated as -$ 600.

The contribution margin is determined by dividing variable costs by revenue. The formula for determining the contribution margin ratio is Revenue / (Revenue - Variable Costs).

1. By comparing the avoidable fixed cost of eliminating the POP product to the lost contribution margin, this incremental effect on profit can be calculated.

incremental effect on profit = Avoidable fixed cost - sales

Contribution margin = variable cost Sales - variable cost

Lost contribution margin = $4000 (given)

Avoidable fixed cost = direct fixed cost that can be traced to segment = $3400

Lost contribution margin                       -$4000

Less: Avoidable fixed cost                     $3400

incremental effect on profit                   -$600

2. No, because MSI would lose $600 in overall profit if it discontinued the POP product.

3. Determine the incremental profit impact of eliminating the POP product. If the POP product line were discontinued, the common fixed costs of $1,200 would be avoided. Impact on Earnings

Avoidable fixed cost = direct fixed cost that can be traced to segment of $3400 plus $1,200 of the common fixed costs that could be avoided = $4600 (given)

Lost contribution margin              -$4000

Less: Avoidable fixed cost            $4600

incremental effect on profit            $600

3.(b) Yes, because MSI's overall profit would rise by $600 if it discontinued the POP product.

After subtracting variable costs like transportation costs and raw materials, a company's contribution margin shows how much revenue is left over. The product must generate more revenue than the company's fixed costs, such as salaries and insurance, in order to be profitable.

Because your contribution margin is what enables you to cover your fixed costs and generate a profit, understanding this concept is crucial. You will also be able to better decide where and how to sell your products if you know your contribution margins.

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Donny owns and leases a coal mine to brian. the lease agreement states that brian will pay donny $4 per ton royalty on coal mined. what is brian's percentage depletion deduction for the current year from the information given below? gross income from coal $250,000 income from trucking coal 20,000 royalty paid donny 30,000 taxable income on coal (excluding depletion) 40,000 coal depletion rate 10%

Answers

Answer: $25,000

Explanation:

Given Data:

Gross income from coal = $250,000

Income from trucking coal = $20,000

Royalty paid to Donny = $30,000

Taxable income on call excluding depletion = $40,000

Coal depletion rate = 10%

Lease agreement = $4/ton

Therefore:

brian's percentage depletion deduction for the current year is

= gross income x coal depletion rate

= $250,000 x 0.1

=$25,000

Explain how growing personal income is related to economic conditions.

Answers

Answer:

see below

Explanation:

Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures.  It is the sum of a household income. Personal income is calculated per period, usually one year.

Economic conditions refer to the prevailing state of a country or region's economy.  Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors.  Governments and investor use indicators to tell the state of the economy

Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.

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