tom's taxidermy has a monthly target operating income of $28,000. variable expenses are 70% of sales and monthly fixed expenses are $10,000. what is tom's operating leverage factor at the target level of operating income?
Answers
Tom's operating leverage factor at the target level of operating income is 2.33.
Operating leverage is a measure of how sensitive a company's operating income is to changes in sales. It can be calculated using the formula: Operating Leverage = Contribution Margin / Operating Income.
First, we need to find the contribution margin, which is the difference between sales and variable expenses. Given that variable expenses are 70% of sales, the contribution margin is 30% (100% - 70%).
Next, we can calculate the operating leverage using the fixed expenses and the target operating income. At the target level of operating income of $28,000, the total operating expenses (fixed + variable) equal $28,000, since the target operating income is achieved. From this, we can determine that sales are $28,000 / 0.30 (contribution margin) = $93,333.33.
Finally, the operating leverage factor is calculated as follows: Operating Leverage = Contribution Margin / Operating Income = 0.30 / ($28,000 / $93,333.33) ≈ 2.33.
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Related Questions
One of Josh’s coworkers pokes fun at Josh for his political views. Although Josh tries to ignore the comments, the situation has gotten worse—even becoming obvious to customers. What kind of situation is Josh in?
1.)Conflict
2.)Conflict Resolution
3.)Integrity Test
4.)Ethical Dilemma
Answers
Case Problem Analysis: Limited Liability Companies
Ten individuals through an operating agreement form Cotillard, LLC, a limited liability company, in a state that has adopted the Uniform Limited Liability Company Act (ULLCA). The purpose of the LLC is to develop and sell new computer hardware systems. Each individual invested $1,000 and received 10% ownership of the LLC. Five years later, Cotillard became a successful company with a fair value of $10 million.
Ashwini Abara, a member of the limited liability company, decided to withdraw from the partnership to start up a sustainable waste disposal business. The other members of Cotillard offer to return her initial investment of $1,000. Abara disagrees and wants compensation equivalent to the fair value of her interest in the limited liability company. The other members of Cotillard also claim that Abara’s withdrawal was wrongful and that she violated her duty of loyalty to the company by starting her new business. The operating agreement is silent on how funds are distributed when a partner withdraws. The operating agreement is also silent on what a partner can or cannot do after withdrawing from the LLC.
ASSESSMENT QUESTIONS:
Abara and nine others are (PARTNERS, MEMBERS, or SHAREHOLDERS) of Cotillard, LLC. Generally, members’ liability in the company would be limited to their respective (OWNERSHIP INTERESTS IN THE COMPANY, INVESTMENTS IN THE COMPANY, or PERSONAL ASSETS).
Members of a limited liability company (DO NOT, or DO) have the right to withdraw from the entity. Withdrawal from a limited liability company is also known as (DISSOLUTION, or DISSOCIATION). When a member dissociates from an LLC, he or she (MAINTAINS, or LOSES) the right to participate in management decisions. Generally, a dissociated member (DOES NOT, or DOES) possess the right to have his or her interest in the LLC bought out by the other members.
Cotillard’s operating agreement (DOES, or DOES NOT) contain provisions establishing a buyout price. In states that (HAVE, or HAVE NOT) adopted the ULLCA, the LLC must purchase the interest at fair value within (60, 90, 30, or 120) days after the dissociation. Therefore, Abara is entitled to receive ($100,000, NOTHING, 10,000, 1,000,000, 1,000) or on dissociation from Cotillard, LLC. The amount Abara is entitled to receive represents (THE TOTAL VALUE OF THE LLC, THE FAIR VALUE OF HER INTEREST IN THE LLC, or THE VALUE OF HER INITIAL INVESTMENT).
A member’s duty of loyalty generally (CONTINUES, or TERMINATES) when a member dissociates from an LLC. The operating agreement is (NOT SILENT, or SILENT) on whether Abara can form another company after dissociation. Therefore, Abara (MAY, or MAY NOT) form her new business and has withdrawn from the LLC (WRONGFULLY, or RIGHTFULLY).
What If the Facts Were Different?
Assume that the operating agreement explicitly states that a member who withdraws from the LLC may only
receive a maximum buyout price of $50,000.
Abara (WOULD NOT, or WOULD) receive her share of the fair value of the company in this instance because when specific terms are stated in the operating agreement they (DO NOT GENERALLY, or GENERALLY) apply instead of default rules about how a dissociating members interest is purchased.
Answers
Abara is entitled to receive $50,000 or the maximum buyout price stated in the operating agreement upon dissociation from Cotillard, LLC. This amount represents the value of her initial investment, as stated in the operating agreement.
In this instance, Abara would not receive her share of the fair value of the company because when specific terms are stated in the operating agreement, they generally apply instead of default rules about how a dissociating member's interest is purchased. Therefore, In this instance, Abara would not receive her share of the fair value of the company because when specific terms are stated in the operating agreement, they generally apply instead of default rules about how a dissociating member's interest is purchased.
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What might be an advantage of using credit
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Two articles containing practice examples of ethical conduct and behavior of accountancy professional in south africa in the last five years
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Two articles containing practice examples of ethical conduct and behavior of accountancy professional in south africa in the last five years is
article 1 has initiative showed SAICA's commitment to ensuring that CAs are equipped with the necessary ethical knowledge to perform their duties with integrity. And the second article The IRBA's actions also demonstrate that regulatory bodies in South Africa are taking a strong stance against unethical behavior in the accounting profession, which helps to promote and maintain the integrity of the profession.
Article 1: "SAICA introduces mandatory ethics exam for aspiring CAs(SA)" (October 2018)
In October 2018, the South African Institute of Chartered Accountants (SAICA) announced that aspiring Chartered Accountants (CAs) would have to pass a mandatory ethics exam as part of their professional qualifying exams. The exam aimed to ensure that newly qualified CAs have a good understanding of the ethical responsibilities associated with the profession. SAICA stated that the exam would cover topics such as professional conduct, independence, and confidentiality, and would be based on the International Ethics Standards Board for Accountants (IESBA) Code of Ethics.
Article 2: "Audit regulator fines KPMG South Africa for improper conduct" (June 2020)
In June 2020, the Independent Regulatory Board for Auditors (IRBA) in South Africa fined KPMG South Africa R162.5 million for improper conduct relating to the 2014 audit of Linkway Trading, a company owned by the Gupta family. The IRBA found that KPMG had failed to apply appropriate audit procedures and had provided misleading information to the public. This case highlights the importance of ethical conduct and behavior in the accounting profession, as failure to adhere to ethical standards can have serious consequences.
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there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?
Answers
Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
_______ is(are) the total compensation an employee earns including wages, salaries, commissions, bonuses, and any compensation earned before deductions such as taxes.
Answers
Renumeration is the total money or compensation an employees earn which include salaries, wages and so on.
What is Renumeration?Remuneration refer to the total sum of money paid to an employee. It can include a salary or inform of hourly rate, bonuses, commissions, or any form payment. Remuneration is define as the sum total of income and other taxable benefits and allowances.
Therefore, Renumeration is the total money or compensation an employees earn which include salaries, wages and so on.
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does minimum wage automatically increase as inflation or prices of goods increase?
Answers
Answer:
nope. prices have been going up alot in even just the past decade, and yet minimum wage is still $7.25
why do cellphone services providing firms often charge higher prices to pre paid than those on contract
Answers
Answer: Prepaid cost more because it has more perks than contract, it offers more to the customer's either in data or calls
Explanation:
Prepaid phone services are services that which requires you to pay an upfront for the plans you'll be using in either calling,browsing or texting
While contract has you to choose from monthly plans
Prepaid cost more because it has more perks than contract, it offers more to the customer's either in data or calls
A new business has total sales of $14,000, applied $1,350 in merchandise discounts, and had returns of $234. Calculate the business's total net sales.
Answers
Answer:
$12,416
Explanation:
Applied merchandise discounts mean discounts issued.
The net sales will be total sales minus merchandise discounts applied minus returns.
Net sales = total sales - ( discounts + returns)
Net sales = $14,000 - ( $1,350 + $234)
Net sales = $14,000 - $1,584
Net sales = $12,416
In order to resolve this problem I again recommend that jobs not be closed and invoiced until they are completed. If, in certain cases, you must invoice them in order to speed up collection of the receivable fine but leave them in unearned revenue so we do not overstate revenues, assets and income on our financial reports. In order to comply with my recommendation in paragraph three of my March 23rd memo, we should have our head inspector sign off on jobs when they are complete. This document should then be forwarded to the front office and attached to and be filed with the other paperwork for completed and earned jobs. If an exception must be made, an exception report should be completed and filed indicating the date, job number and reason for the exception. Since this should only happen on rare occasions it will cause very little additional work, maybe a minute or two per exception. Calling a job complete before its completion in order to make the financial reports look better than they actually are, is not a legitimate reason for an exception. Calling a job complete and earned should never have anything to do with what time of the month or quarter it is. In addition, we should notify anyone who received these above-mentioned financial reports of the overstatement of income and the reason for it. This should happen only after a thorough investigation to make sure the amounts are correct. I am available to assist in any way necessary for this, of course. There is one more item I feel worth mentioning here. It is critical to understand that if a job does not cover all its cost, including overhead, that job lost this company money. We incur in excess of $500,000 of overhead cost each quarter.
Answers
Implementing these recommendations would ensure accurate financial reporting and better management of the company's finances.
To resolve the problem of overstatement of revenues, assets, and income on financial reports, it is recommended that jobs should not be closed and invoiced until they are completed. In certain cases, if there is a need to speed up the collection of the receivable, the jobs can be invoiced but should be kept in unearned revenue to avoid overstatement of financials. To comply with this recommendation, the head inspector should sign off on jobs when they are completed, and this document should be filed with the other paperwork for completed and earned jobs. Any exceptions should be recorded in an exception report indicating the date, job number, and reason for the exception. However, calling a job complete before its actual completion to manipulate financial reports is not a legitimate reason for an exception. It should also be noted that calling a job complete and earned should never be based on the time of the month or quarter.
Moreover, it is critical to understand that if a job does not cover all its cost, including overhead, the job has caused a loss for the company. As the company incurs more than $500,000 of overhead cost each quarter, it is essential to ensure that the jobs are accurately assessed for profitability. Finally, if any overstatement of income is identified on financial reports, it is necessary to conduct a thorough investigation and notify anyone who received the reports of the issue and the reason for it.
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if the production cost of a good increases and the price of its substitute good decreases, the supply curve will shift to direction and the demand curve will shift to direction ?
Answers
If the production cost of a good increases and the price of its substitute good decreases, the supply curve will shift to and the demand curve will shift to: the left and the right.
1. When the production cost of a good increases, producers are less willing to produce the same quantity of the good at each price, causing the supply curve to shift to the left.
2. When the price of a substitute good decreases, consumers are more likely to purchase the substitute good, leading to a decrease in demand for the original good. This causes the demand curve to shift to the right.
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What advantage does smartphone advertising have over Internet advertising?
a. Smartphone ads are more general.
b. Smartphone ads can be tailored to a specific geographic location or user demographic.
c. People will definitely see a smartphone ad because they are always checking their phones.
d. The ads are smaller so advertisers don't have to write as much copy.
e. None of the options is correct.
Answers
The advantage that smartphone advertising has over Internet advertising is ' B) Smartphone ads can be tailored to a specific geographic location or user demographic '.
The advantage of smartphone advertising over Internet advertising lies in its ability to customize ads based on specific geographic locations or user demographics. By leveraging location-based targeting and collecting user data on demographics, interests, and behaviors, smartphone ads can be tailored to reach the intended audience more effectively. This personalized approach enhances the relevance and impact of the advertising campaigns, maximizing their effectiveness.
In conclusion, the ability of smartphone advertising to target specific geographic locations and user demographics enhances its effectiveness and allows for more personalized and relevant ad campaigns compared to Internet advertising.
Option B is the correct answer.
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Question 9 of 10
Amy is interested in fashion. She is a talented public speaker and enjoys
traveling abroad. Which career path might be right for her?
A. Marketing representative for an international clothing designer
B. Sales representative for a local furniture store
C. Art director for an interior design company
D. Marketing manager for a local clothing retailer
SUBMIT
Answers
Answer:
A
Explanation:
since shes a talented public speaker and enjoys travelling (A) would be a good fit
Marketing representative for an international clothing designer.
Thus, the correct option is A.
Who is a Marketing representative?Advertising, promotions, and other strategies are used by marketing professionals to shape public perception of a company's goods and draw in new clients.
By directly engaging customers on the ground, a field marketing person is in charge of raising brand recognition. Field marketers serve as a bridge between buyers and sellers by giving consumers useful information about goods and services.
Several of the typical sales and marketing goals include: Boost the sale of goods or services. Increase brand recognition. Increase a business's market share.
It goes without saying that marketing is not for everyone because it is a very difficult career option. That does not preclude it from being your ideal profession, though. In addition to being one of the sectors with the highest growth, marketing offers a wide range of specializations.
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Help this is super confusing
Answers
Answer: Reasons
Explanation: Crystals are collected for jewelry, sugar, salt, computer chips. So if it shows you all those examples it would be collected for many reasons. I hope this helped!
TM
Find three websites that offer advice on how to manage restaurant staff well. Make sure that at least one of these sites is from an established source such as a professional organization or an expert in the field. Provide the links for the sites that you used and the article titles.
Then use your chosen sites to answer the questions:
1. What ideas or themes do the websites you chose have in common? Select two common themes and explain why they are important.
2. Other than the themes just discussed, what do you think is the best piece of advice that you read? Explain vour answer
3. Which piece of advice that you read about might be hardest to implement? What challenges could it potentially create?
4. Consider the advice from the employee's point of view. Discuss the point you read about that you think employees would appreciate most.
5. If you had to recommend one of the websites/articles as being the most useful, which would it be and why?
Answers
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
Three websites provide guidance on effective staff management for restaurants:
National Restaurant Association (https://restaurant.org/)
Toast Tab (https://pos.toasttab.com/)
Up serve (https://upserve.com/)
Write the Answers of he following Questions of the chosen sites?The effective communication and training themes are common to all of the websites. It is important to communicate well because it helps to reduce misunderstandings and improve teamwork among employees.
I read that providing employees with regular feedback was one of the best pieces of advice.
The suggestion that may be hardest to carry out is to consider representatives responsible for their presentation.
The significance of creating a positive work environment is one aspect that employees would appreciate the most.
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
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Do you think that marketers view the changes taking place in promotions and advertising as exciting or burdensome challenges? Explain.
Answers
Answer: Burdensome
Explanation: Because they may now have to change their ideas they had planned prior to the changes, because these ideas may not market as well as they would have before the changes.
7. Abatement tax is a tax exemption granted by the government for limited period. True False
8. Tax policies can be defined as Government's attitudes, objectives and actions whith revpects to ins un system. True False
9. A good tax is not required to sufficient to raise necessary government revenue. True False
10. Revemue refers to the total tax collected by the government for the public and available for public use. True False
11. If the widow or widower maintains a home for a dependent child, he or she qualifies as a marrie surviving spouse for the three taxable years following the year of death. True False
12. Head of household is an individual who is unmarried on the last day of the year, who is not spouse, and who maintains a home for a child or other dependent family members qu filing purpose. True False
Answers
A. True.B. True.C. False. Higher taxes may apply to a residence owned by a taxpayer aged 65 or younger.D. True.Ad valorem taxes on realty, also known as real estate taxes, are taxes based on the assessed value of the real property being taxed. These taxes are generally levied by state or local governments, with rates varying depending on the location.
Some jurisdictions extend immunity from tax for a specified period of time (a tax holiday) to new or relocated businesses. - True B. Some states partially exempt the homestead, or personal residence, portion of property from taxation. - True C. Lower taxes may apply to a residence owned by a taxpayer aged 65 or younger. - False. Higher taxes may apply to a residence owned by a taxpayer aged 65 or younger. D.
Property owned by the Federal government is exempt from this tax. - True also known as real estate taxes, are taxes based on the assessed value of the real property being taxed. These taxes are generally levied by state or local governments, with rates varying depending on the location. False. Higher taxes may apply to a residence owned by a taxpayer aged 65 or younger. D.
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FCCLA's central focus is on the ________.
Answers
Answer:
variety of youth concerns
Answer:
To promote personal growth and leadership development through Family and Consumer Sciences education
What are scarce resources
Answers
Answer:
Scarce resources are resources that are in limited availability.
Explanation:
Hope this helped:)
Answer:
Limited Goods or goods that are running out
Explanation:
Economic Definition of scarce resource. Defined. Scarce goods are also termed economic goods. Scarce resources are used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource is scarce because it has a limited availability in combination with a greater productive use.
Blue Wave Company budgets the following unit sales for the next four months: September, 3,200 units; October, 4,400 units; November, 6,300 units; and December, 8,500 units. The company's policy is to maintain finished goods inventory equal to 60% of the next month's unit sales. At the end of August, the company had 1,920 finished units in inventory. Prepare a production budget for each of the months of September, October, and November.
Answers
The production budget for each of the months of September, October, and November is as follows September: 3,520 units October: 4,840 units November: 6,780 units
To prepare the production budget, we need to consider the unit sales for each month as provided in the data. The unit sales for September are 3,200, for October are 4,400, and for November are 6,300.The company's policy is to maintain finished goods inventory equal to 60% of the next month's unit sales. Therefore, we multiply the unit sales for each month by 60% to determine the desired ending finished goods inventory for the current month.To calculate the production units for each month, we need to consider the desired ending finished goods inventory and the beginning finished goods inventory. The beginning finished goods inventory for September is given as 1,920 units. For subsequent months, the beginning finished goods inventory will be the desired ending finished goods inventory from the previous month.For September, the production units are calculated by adding the desired ending finished goods inventory for September to the unit sales for September and subtracting the beginning finished goods inventory. For October and November, the production units are calculated in a similar manner, using the desired ending finished goods inventory, unit sales, and beginning finished goods inventory for each respective month.By following this process, we can determine the production budget for each of the months of September, October, and November.
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How did the goal described in this excerpt most affect the u. S. Economy?.
Answers
The described goal that most affect the economy according to the excerpt is when Federal Reserve raised interest rates to control inflation.
What was described in the excerpt?The excerpt quoted George Bush speech about the Iraqis and how their relationship with Saddem Hussein will most affect them and their economy.
However, the goal that most affect the economy according to the excerpt is if Federal Reserve raised interest rates to control inflation.
Therefore, the Option A is correct.
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Which one of these positions within a company deals directly with customers
the most?
Answers
Answer:
front-line staff
Explanation:
just took the quiz (vote brainliest plssss)
Answer:
A. Senior management.
B. Frontline staff.
C. Support staff.
D. Middle management.
victims of identity theft can request a credit freeze.
Answers
Answer:
True
Explanation:
People can use the victims credit card
The statement, "victims of identity theft can request a credit freeze" is true.
A credit freeze is a recognized and widely utilized measure to protect oneself from further identity theft-related harm.
By requesting a credit freeze, individuals can restrict access to their credit reports, reducing the risk of unauthorized accounts being opened in their name.
This measure serves as a preventive barrier, making it more difficult for identity thieves to exploit the stolen information.
Additionally, credit freezes are legally supported and regulated in many jurisdictions, providing victims with the right to request and implement this safeguard.
Thus, it is a recommended step in the aftermath of identity theft incidents to enhance security and regain control over personal financial information.
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Which describes an investor’s primary goal of buying a loan? a. to grow a business b. to earn a profit off the interestc. to bolster the economy d. to provide capital to a business
Answers
Earning a profit best describes an investor's primary goal. So option b. is correct. Investors use different financial instruments to earn a rate of return to accomplish financial goals and objectives.
Investment securities include stocks, bonds, mutual funds, derivatives, commodities, and real estate. Investors can be distinguished from traders in that investors take long-term strategic positions in companies or projects. Investors build portfolios either with an active orientation that tries to beat the benchmark index or a passive strategy that attempts to track an index. Investors may also be oriented toward either growth or value strategies.
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Answer:
to earn a profit off the interest
Explanation:
This is typically done by lending money to a borrower at a higher rate of interest than the investor is paying on their own borrowing or invested capital, with the hope of earning a positive return on their investment over time. The key motivation behind this type of investment is to generate a return that is greater than the cost of the funds used to make the investment, so that the investor can earn a profit.
What factors, do you think determine how long a product will stay in the product life cycle
Answers
Answer:
I think the production date....
Hope it helps!!!
QUESTION 1 of 10: True or False: Letting employees fail actually contributes to the success of the business.
a) True
b) False
Answers
Answer:
True
Explanation:
By failing you learn from your mistakes, and it's just overall good to fail, the more you fail the more you learn and learn not to repeat it.
In the context of work team processes, cooperative teamwork skills: Group of answer choices include the ability to have access to information for monitoring where the team and members are in the competition. include competitiveness and close monitoring. are those abilities that affect individual performance. are those activities essential to the effective interpersonal relationships within a group or a team.
Answers
Answer:
(D) include open communication, trust, personal integrity, positive interdependence, and mutual support.
Explanation:
With respect to the process made for the work team, the skills of the cooperative teamwork generally involves the open communication so that there is no misunderstand, also it includes the trust, mutual support, and other things so that the employees feel comfortable and they dont hesitate while asking anything
So as per the given situation, the above should be the answer
Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answers
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
Carl's monthly take-home pay is $2,000 and his monthly rent is $500 if both his monthly take-home pay in his rent increase $100 what percentage of Carl's take-h...
Answers
Answer: 28.6%
Explanation:
You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answers
Answer:
D.what type of financial aid you are seeking