A company sold 20,000 units of its product for $20 each. variable cost per unit is $11. fixed expenses total $150,000. the company's contribution margin is $180,000
The contribution margin can be stated on a gross or per-unit basis. It represents the incremental money generated for each product/unit sold after deducting the variable portion of the firm's costs. The difference between a product's sale price and the variable costs related to its manufacture and sale is calculated as the contribution margin. The following formula is used to express this:
C= R-V
Contribution margin = 20,000 x ($20-$11)
= $180,000
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Use the supply and demand schedules below to answer the following questions:
a. What is the market equilibrium price and quantity?
MEP:
MEQ:
b. What is the market price if there is a shortage of 30 units?
$__
c. At a price of $20, the market experiences a _____ (shortage/surplus) of _____ units
a. The market equilibrium price is $15.
The market equilibrium quantity is 70.
b. The market price if there is a shortage of 30 units is $10.
c. At a price of $20, the market experiences a surplus of $30.
What is equilibrium price?The equilibrium price simply means the price at which the quantity that's demanded and the quantity that's supplied are equal.
It should be noted that a shortage occurs when the quantity that's demanded is less than the quantity that supplied. In this case, there's a shortage of 30 units when the price is $10. The quantity demanded is 85 units and the quantity supplied is 55 units.
Also a surplus occurs when the quantity that's supplied is more than the quantity that's demanded.
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ntroducing a new product in its final form to a geographically limited market to see how well the product sells and to get reactions from potential users is called .
Introducing a new product in its final form to a geographically limited market to see how well the product sells and to get reactions from potential users is called test marketing.
What is test marketing?Test marketing is described as the process of marketing methodology in which consumer responses to a product or service are tested. The testing is done by only releasing the products in the test markets before introducing the product or the service to the wider market base. It is important to mention that this method is an effective process to judge how customers perceive the product or the service and how the product performs.
When a new product is introduced in a final form to only a limited number of markets. It allows a producer to assess the performance of the product, and how the customers think about it. Such customer insights are valuable for the company.
It can be concluded that introducing a new product in its final form to a geographically limited market to see how well the product sells and to get reactions from potential users is called test marketing.
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When selecting a savings account, you should consider the interest threshold.
O True
O False
True. You should consider the interest threshold while selecting a savings account.
Interest thresholds are the maximum amount that you can keep in your savings account, also referred to as the threshold limit. This means that it is important to choose an account that holds the threshold at an amount that is convenient and suitable to your needs.
The other criteria that need to be taken into account while choosing a savings account are:
fees and penaltieslowest balanceinterest rates and interest capsfluctuating interest rates(APY) annual percentage yield(APR)Simple financial transactions are one benefit of a savings account, as well as interest payments, ATM and debit card services, chequebook and passbook services, net banking and mobile banking, and a minimum average balance.
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an audit should be designed to obtain reasonable assurance of detecting material misstatements due to:
An audit should be designed to obtain reasonable assurance of detecting material misstatements due to fraud, infractions of the law, and mistakes that have a direct impact on the financial statement amounts.
The audit should be planned by the auditors to provide them a reasonable certainty that they will find any major misstatements brought on by failure to comply with a contract or grant agreement clauses that directly and materially affect the amounts reported in the financial statements.
The purpose of an audit should be to provide a fair level of certainty that fraud and major errors in the financial statements will be found. Although an auditor shouldn't assume that management is dishonest, it must be taken into account that it might be the case.
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which of the following is included in an individual taxpayers federal gross income?
A. certain income from discharge of indebtedness
B. disaster relief payments
C. a federal income tax refund
D. interest on state and local municipal bonds
An example of a job design technique is job rotation, True or false?
Answer:
False
Explanation:
Job Rotation is an Example of Job Enlargement
The unemployment rate is calculated by taking the number of unemployed people and dividing it by the working labor force. What is the unemployment rate if the labor force is 780 people and 290 are unemployed?
A. 55.6%
B. 41.4%
C. 37.2%
Answer:
C aka 37.2%
Explanation:
290÷780=0.371.....
0.371..... × 100 = 37.179.....
when rounded = 37%
Brenan has a personal goal to increase the inclusivity of her sociology curriculum. Which of the following strategies would be least likely to help her achieve this goal?
Group of answer choices
Requiring students to read the textbook
Encouraging students to engage in discussion about the history of discrimination
Including research that highlights underrepresented groups
Providing supplemental readings from diverse authors
The way that the personal goal that Brenan has on thwe inclusivity would have to be achieved would be Including research that highlights underrepresented groups.
What is a personal goal?This is the term that is used to refer to the objective that a person would have that would enable them to make certain decisions and also have to carry out certain tasks.
The goal that she has here ios one that has to do with the inclusiveness of other groups.
The way that this group would have to be met would be through the fact that she would have to make the research that would tell her of the people that are not represented well enough.
Then from here she would have to make and think of the ways that she would design a program that would have to include them the more.]
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Can anyone help me out
It is a false statement that Hazmat suits are used for the protection of people wearing suits.
It is a true statement that the associate should apply labels that are not directed by the system.
It is a true statement that the two type of lithium battery are Lithium Ion and Lithium Metal
It is a false statement that it is okay for a Hamzat suit to wrap around the edge of a box
What is the purpose of hazmat suit?A hazmat suit means a piece of equipment that form part of the personal protective equipment (PPE) kit. The suit includes a garment that is impermeable and its designed especially for the protection of the wearer from any kind of hazardous substances.
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A CPA firm should establish procedures for conducting and supervising work at all organizational levels to provide reasonable assurance that the work performed meets the firm’s standards of quality. To achieve this goal, the firm most likely would establish procedures for?
A CPA firm should establish procedures for conducting and supervising work at all organizational levels to provide reasonable assurance that the work performed meets the firm’s standards of quality. To achieve this goal, the firm most likely would establish procedures for Reviewing documentation of the work performed and reports issued.
Your CPA firm is likewise required to corroborate the quantities and disclosures covered to your monetary statements by acquiring audit proof thru inquiry, bodily inspection, observation, third-birthday birthday celebration confirmations, examination, analytical tactics and different tactics.
A detail of a CPA firms fine manipulate device that must be taken into consideration in organizing its fine manipulate guidelines and tactics Managing human resources. The fine manipulates guidelines and tactics relevant to a firm's accounting and auditing exercise must embody the subsequent elements: Independence, Integrity, and Objectivity.
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Which of the following statements about capital structure are correct? Select ALL correct answers.
Having too little debt may increase the risk of default in repayment, this statements about capital structure is correct.
A company's capital structure is the specific mix of debt and equity it uses to fund both its general operations and expansion. A company's capital structure may include a combination of common stock, preferred stock, risk, long-term debt, and short-term debt. When examining a company's capital structure, the ratio of short-term to long-term debt is taken into account.
Analysts frequently refer to a company's debt-to-equity (D/E) ratio, which sheds light on how dangerous its borrowing practises are, when discussing capital structure. A corporation with a significant debt load typically has a more aggressive capital structure, which increases the risk to investors. But this risk can be the main driver of the company's expansion.
The complete question is, "Which of the following statements about capital structure are correct? Select ALL correct answers
Having too little debt may increase the risk of default in repaymentA company should always finance its business using as much debt as possible in order to optimize the capital structureHaving too much equity may dilute earnings and the value of the original investorsA company needs to consider the current economic climate when making decisions on debt and equity proportions"Learn more about Debt Capital here:
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Question 4
Use this data set to answer the question: 2, 3, 3, 4, 6, 7, 8, 8, 9, 10
What is the mode?
Answer:
mode are number that written in the set more than one time
Explanation:
in that case 3 and 8 both are the mode of the set
Answer:
There are two modes: 3 and 8.
Explanation:
The mode is the value that appears most frequently in a given data set.
Department S had no work in process at the beginning of the period. It added 14,400 units of direct materials during the period at a cost of $100,800. During the period, 10,800 units were completed, and 3,600 units were 32% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $51,500, and factory overhead was $8,000.
The total conversion costs for the period were
The total conversion costs for the period for Department S was $59500.
What are conversion costs?Conversion costs are those costs that are incurred to convert raw materials into finished goods/services. They can be called production costs and they are also direct costs. In cost accounting, the concept is used to calculate the value of ending inventory, which is then reported on the balance sheet.
Conversion cost derives its name from the fact that the costs that comprise conversion cost are all of the costs incurred to convert raw material into a finished good. These expenses include direct labor and manufacturing overhead.
These costs include direct labor cost and factory overhead cost. In this question, only direct labor and factory cost are conversion costs.
Direct labor = $51,500
Overhead = $8,000
Therefore, total conversion costs will be:
= $51,500+$8,000
= $59500
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Your friend, Suzie Chang, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow.
Factory rent $ 3,120
Company advertising 1,040
Wages paid to assembly workers 31,100
Depreciation for salespersons’ vehicles 2,110
Screws 525
Utilities for factory 855
Assembly supervisor’s salary 3,620
Sandpaper 175
President’s salary 5,140
Plastic tubing 4,000
Paint 280
Sales commissions 1,310
Factory insurance 1,080
Depreciation on cutting machines 2,130
Wages paid to painters 7,650
Assume that Suzie Chang has decided to begin production of her outdoor children’s toy and that screws, sandpaper
The classification of the items as either period or product cost are as follows:
Factory rent - Product costsCompany advertising - Period costsWages paid to assembly workers - Product costs Depreciation for salespersons’ vehicles - Period costsScrews - Period costsUtilities for factory - Period costsAssembly supervisor’s salary - Product costs Sandpaper - Product costs President’s salary - Product costs Plastic tubing - Period costsPaint - Period costsSales commissions - Period costsFactory insurance - Product costs Depreciation on cutting machines - Period costsWages paid to painters - Product costs What is a Product cost?In accounting, a product cost means any costs incurred to create a product. The typical product cost include a direct labor, direct materials, consumable production supplies, factory overhead etc. It can also be considered the cost of the labor required to deliver a service to a customer.
What is a Period cost?Basically, the period costs refers to those costs not included in product costs. These costs are not directly tied to the production process. An example includes an overhead or sales, general, and administrative (SG&A) costs.
Missing question "Identify each of the preceding costs as either a product or a period cost."
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if, as a manager, you were to give the sales staff in your store the authority to resolve customer problems, including the authority to decide whether to issue refunds or replace the merchandise, you would be using the technique of:
If, as a manager, you were to give the sales staff and including the authority to decide whether to issue refunds or replace the merchandise, you would be using the technique of job enrichment.
Job enrichment refers to the process of adding motivators to the existing roles in order to increase the satisfaction and productivity for the employee. Thus, this is done through increasing the skill, autonomy, and task variety, by also providing feedback.
So, if as a manager, you are given the opportunity to decide whether to issue refunds or replace the merchandise, you would be using the technique of job enrichment. As, this technique aims to reduce boredom due to monotonous and repetitive tasks.
Hence, job enrichment is a technique used to motivate employees.
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A(n) ________ is a favorable circumstance that presents possibilities for progress beyond existing goals.
A opportunity is a favorable circumstance that presents possibilities for progress beyond existing goals. A business opportunity, also known as a bizopp, is the possibility to start a firm by utilising an event in the market. It entails a favorable situation that affects the entire market.
A business opportunity helps some companies succeed while hindering others. The first step in starting a business venture is to identify a business opportunity, which is a set of market circumstance that make it possible to turn an idea for a firm into a venture. The examination and validation of a business progress idea can be done using a variety of tools and techniques. They typically result from events that happen outside of your company.
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Melissa has been an assistant at Star Equity Bank for more than 14 years. She earns a good salary and has made friends at work, but she has been passed over for promotion twice and feels that no one appreciates her abilities and skills. Melissa is concerned with satisfying her
Since Melissa has been an assistant at Star Equity Bank for more than 14 years. Melissa is concerned with satisfying her self-actualization.
What does Maslow mean by self-actualization?
In his "Hierarchy of Needs" theory of human motivation, Maslow made reference to self-actualization, the highest level or stage. The highest-order motivations, according to the hierarchy of needs, are those that push us to reach our "ideal self" and accomplish our full potential.
Therefore, Self-actualization refers to achieving one's full potential. Since most individuals are working to meet more urgent wants, it sits at the top of Maslow's hierarchy of needs and is regarded as the exception rather than the rule.
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Ethics Student Activity Packet
Self-driving cars can be an ethical dilemma, because despite being an innovative technology, it may not have the capacity that an individual would have to make unexpected decisions.
What is a ethical dilemma?It corresponds to a paradox where morality is considered when there are two options available during a decision-making process, where each of the options is not able to fully satisfy the ethics on the subject.
To resolve an ethical dilemma, individuals must think critically about their options, in fact seeking to find a value-based solution, that is, decision-making must be carried out in a way that reduces negative consequences or increases benefits for the community.
Therefore, ethics apply to developing technologies, such as self-driving cars, in order to regulate the moral concepts behind the technology and how it will positively or negatively affect the lives of individuals.
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if you need to withdraw your investment money in two years, you should probably invest in: multiple choice stocks. mutual funds. certificates of deposits. long-term government bonds. long-term corporate bonds.
Should you wish to withdraw your investment money from the investment in two years, the best thing you should probably invest in is certificates of deposits.
What is a certificates of deposit?A certificates of deposit is a type of investment vehicle that is offered by banks and other types of financial institutions. It is a type of savings account which ensures that people are able to save their money with better interest rates for a fixed period of time. The reason the rates are higher on certificates of deposits is because they are not to be touched in the fixed period and therefore can be used by the bank for investments.
Certificates of deposits are usually intermediate term in nature because they offer fixed periods of a year, two years, and even five years. This means that if you want to be able to withdraw your money after two years, you should most probably invest in certificates of deposits.
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Having more capital goods requires
spending more of our money on consumer goods
giving up some present day consumption
giving up some present day investment spending
increased government regulation about what should be produced
Answer:
spending more money on consumer
A buyer bought a house for $125,000. The house, which had originally sold for $118,250, appraised for $122,500. Based on these facts, if the buyer applies for an 80% mortgage, what will be the amount of the loan?
which of the nine P question related to planning deals with rating how well your business is doing.
The nine P questions related to planning deal with rating how well your business is doing in the Presentation.
This is further explained below.
What are the 9 P questions?Generally, The 9 P questions are
The 9 P's are
1 people
2. Planning
3. Product
4. Price
5. Promotion
6. Place
7. Partners
8. Presentation
9. Passion
Information is transferred from a speaker to an audience over the course of a presentation.
The purpose of a presentation is generally to educate, convince, inspire, motivate, develop goodwill, or offer a new concept or product.
Presentations may also be in the form of demos, introductions, lectures, or speeches.
In conclusion, Dealmaking and the preparation of paperwork and reports on the state of your company's operations are both part of the presentation.
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Using at least five (5) of the performance indicators, what can management do to
improve the firm's profitability?
Profitability may be boosted in four important areas. Costs are being cut, turnover is rising, productivity is up, and efficiency is up.
What are the five methods to boost profits?Boost your prices.
More customers are needed.
Increase the number of times your consumers buy from you.
Customers' purchases should be increased.
Boost the effectiveness of the production of goods and services.
How can the profitability of the branch be increased? Please list five strategies to improve branch profitability.Define your connections.
Determine the best and worst performers.
control risk in the right way.
dependent on the relationship, the price.
a bonus determined by profitability.
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You overhear your dad complaining about how the stock market went down 30 points over the past week. Would you consider this a bull or bear market? Explain why.
Answer:
A bull market
Explanation:
A bull market is loosely defined as a persistently sloping upward line. During a bull market, market confidence is high and investors are eager to buy stocks with the hopes that their stocks will grow in value. But during a bear market, it’s quite the opposite. Investors want to sell their stocks because of fear and anxiety that the market will crash.
You overhear your dad complaining about how the stock market went down, this will consider a bull market.
What is stock?A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as stockholder or shareholder and liable for some dividend.
When the prices of securities are increasing or are expected to rise it is indicated as a bull market occurs. The word "bull market" refers to a situation in which the overall market is performing well and investors are bullish about the future.
Bull markets can endure for months or even years, depending on factors such as economic conditions, company success, and investor sentiment.
All markets have ups and downs throughout time, and there's always a danger of losing money when you invest in the stock market, It's crucial to remember that.
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Consider a four-year project with the following information: Initial fixed asset investment = $575,000; straight-line depreciation to zero over the four-year life; zero salvage value; price = $29; variable costs = $19; fixed costs = $235,000; quantity sold = 76,000 units; tax rate = 21 percent.
a. What is the degree of operating leverage at the given level of output? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the degree of operating leverage at the accounting break-even level of output? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a. The degree of operating leverage at the given level of output is 1.53.
b. The degree of operating leverage at the accounting break-even level of output is 2.63.
What will the leverage be?a. The depreciation per year will be:
= Cost / Life time
= $575000 / 4
= $143750
The degree of operating leverage will be:
= 1 + (Fixed cost / Operating cash flow)
= 1 + (235000 / 444937.50)
= 1 + 0.53
= 1.53
b. The degree of operating leverage will be:
= 1 + (Fixed cost / Operating cash flow)
= 1 + (235000 / 143750)
= 1 + 1.63
= 2.63
The above shows the calculation of the degree of operating leverage.
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the number of defects after a hotel room cleaning (sheets not straight, smears on mirror, missed debris on carpet, etc) should be measured using what type of control chart?
Process performance monitoring is made possible by statistical process control (SPC) charts, which are basic graphical tools.
Describe SPC Charts.It is a line graph with the measure on the vertical (y) axis and the time or observation number on the horizontal (x) axis, displaying a measure in chronological sequence.The center line represents the data's average. Additionally, sigma limits are displayed. These limits were determined using a measure of data variation (sigma). If the process is steady and consequently predictable, these limits reveal the range in which we can anticipate the majority of subsequent data points to fall.On the graph, modifications to a process and other helpful annotations are frequently noted so that their effects on the process may be correlated.To Learn more about SPC Charts refer to :
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what is the diference between gdp and gnp
Answer:
GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.
Explanation:
Answer:
GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.
Explanation:
Hope it helps
Which is an indicator of a highly relevant comparable company?
An indicator of a highly relevant comparable company is what is known as industry classification.
Industry classification is a very germane factor when selecting comparable companies. Begining with a company's industry will help an analyst find similar companies, as companies in an industry often operate similarly.
What is an industry classification?Industry classification or industry division is a type of economic categorization that classifies companies, organizations and traders into industrial divisions based on similar production processes, similar products, or similar behavior in financial markets.
Various Classification of Industry is as follows:Considering various several school of thoughts on the classification of industry. The most commonly used classification of industry in socio-economic term is carefully stated below:
Primary IndustrySecondary Industry : Heavy and Light IndustryTertiary IndustryQuaternary IndustryBasic IndustryNon-Basic IndustryTherefore, the key factor which serves as indicator of a highly relevant comparable company is industry classification.
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Question 2. The long-run real exchange rate.
a. Provide a short answer. Other things equal, how would you expect the following shifts to affect
a currency's real exchange rate against foreign currencies?
i.
The world demand for home products increased.
ii.
There is a negative productivity shock in the home economy.
b. True or false. Suppose domestic residents decide to spend more on nontraded products and less
on tradables, and the consumption basket consists primarily of goods and services produced and
consumed at home. In that case, there will be an appreciation of the home currency.
Answer: I don't know
Explanation: I don't know
stana, incorporated, has preferred stock outstanding that sells for $96.52 per share. if the required return is 3.72 percent, what is the annual dividend?
The annual dividend is $3.59.
Enlist types of dividend.Cash dividend : The most typical dividend kind. These are typically paid straight into the shareholder's brokerage account by the companies in cash.Stocks dividend : Companies have the option of giving investors more stock in exchange for cash. DRIP dividend : Any dividends earned by DRIP investors may be reinvested, frequently at a discount, into the company's stock. Investors can elect to receive DRIPs in cash if they like; DRIPs are often not required.Special dividends : These payments, unlike conventional dividends, are paid out on all shares of a company's common stock. To share profits that have accumulated over a number of years and for which it has no immediate need, a firm frequently declares a special dividend.Preferred dividends : Payments made to preferred stock holders. A sort of stock known as preferred stock performs more like a bond than a typical stock. In contrast to ordinary stock dividends, which are typically repaid quarterly, preferred stock payouts are often fixed.Dividend = $96.52 × .0372 = $3.59
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