Answer: E. increase the initial project cost by dividing that cost by (1 - .068).
Explanation:
Flotation costs simply refers to the costs that are incurred when new security issues are being brought to the market.
When a firm has flotation costs which is equal to 6.8% of the funding need, the project analysts should then increase the initial project cost by dividing that cost by (1 - .068).
5. Any factor that can change is (1) Supply. (2) A variable. (3) A supply curve. (4) A supply schedule.
in your opinion, what is the importance of contrast in culture among multicultural organization?
Answer:
Contrast Culture It provides a mirror image of the trainee's reference culture by illuminating its underpinning thoughts, values, attitudes, and behaviors.
Explanation:
Legislation aimed at protecting people from themselves concerns the individual as well as the public in general. Protective helmet laws are just one example of such legislation. Should individuals be allowed to engage in unsafe activities if they choose to do? Why? (200-word response) PLEASE HELP!!!!!! WILL GIVE BRAINLIEST FOR VALID ANSWER
No people should not be allowed to engage in unsafe practices if they want to. The reason is due to the fact that the issue the person may encounter would cause externalities or burdens on others.
How legislation can be used to protect the peopleThe question of whether individuals should be allowed to engage in unsafe activities if they choose to do so is a complex one and can be viewed from different perspectives. On one hand, some argue that individuals have the right to make their own choices and take risks, even if those risks may be deemed unsafe by others.
On the other hand, protective laws, such as helmet laws, are put in place to protect not only the individual, but also the public in general, as the costs of injuries and deaths from unsafe activities can be significant.
Ultimately, the decision of whether or not to allow individuals to engage in unsafe activities should be made based on a careful consideration of the potential harms and benefits to both the individual and society as a whole.
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You are a supplier of peanuts. your research department estimates that the price elasticity of demand for peanuts is 2.5. by what percentage will quantity demanded rise if you lower price from $4 to $2?
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If you are an HR Manager , which among these rating sources do you believe in the most crucial?
Answer:
behaviour
Explanation:
his\her behaviour to collegues matters more for good environment in business
On Saturday, June 30, BD Pool Supplies sold merchandise to E. Luang on account. The sales price was $4,700, and the cost of goods sold was $4,000. The sales revenue was recorded immediately, but the entry recording the cost of goods sold was dated Monday, July 2. As a result, net income for June was:
The net income for June was a. Overstated by $4,700.
In line with the accrual concept and the matching principle of generally accepted accounting principles, the revenue and the cost of goods sold should be recorded on June 30. If only the sales revenue is recorded without the cost of goods sold, the net income for June is overstated by the amount of the sales.
Thus, the net income for June was not overstated by $4,000 or $700. The net income was affected by the overstatement for $4,700 because the cost of goods sold was not matched with the sales revenue.
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please answer asap! In one to two sentences, explain how the money for a negative tax for low-income earners could be redistributed from high-income earners.
One way that money for a negative tax for low-income earners could be redistributed from high-income earners is by increasing tax rate on high income earners.
How to fund a negative tax ?One plausible method to address income inequality is via an increase in tax rates for high-income earners. By doing so, a larger percentage of their revenue would be allocated towards taxes which could then be utilized to finance the negative tax program.
Another potential avenue would involve imposing a wealth tax upon individuals or households based on their net worth. This type of taxation would predominately affect those with significant lifetime acquisition of assets and resources – particularly the wealthiest members of society.
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if the marginal propensity to consume is 9.5, then a $100 increase in investment will result in a maximum increase in equilibrium real gross domestic product of $…..
Marginal propensity to consume is the fraction of additional income that is spent on consumption. Therefore, if the marginal propensity to consume is 9.5, then for every additional dollar earned, 95 cents will be spent on consumption. If investment increases by $100, the maximum increase in equilibrium real gross domestic product (GDP) can be calculated by multiplying the increase in investment by the marginal propensity to consume.
The formula to calculate the maximum increase in equilibrium real gross domestic product is:Maximum increase in equilibrium real GDP = Change in investment × Marginal propensity to consume. Substituting the given values into the formula, we get:
Maximum increase in equilibrium real GDP = $100 × 9.5% or 0.095. Therefore, the maximum increase in equilibrium real GDP is $9.5.Since the increase in investment results in a multiplier effect on the economy, it is expected to lead to a higher increase in GDP than the calculated maximum increase in equilibrium real GDP.
This is because the increase in investment would result in increased production, employment, and incomes, leading to a further increase in consumption and investment.
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Kia's company pays its employees on Fridays . This accounting period ended on a Wednesday, so the employees will not be paid for the week for another two days. Kia needs to record an adjusting entry to record and why?
Kia's company pays its employees on Fridays. This is required because the firm must appropriately report its obligations on its financial accounts and the payment of salary is one of those liabilities.
What is adjusting entry?Generally, An adjusting entry is a journal entry made at the end of an accounting period to correct or update the financial statements for items that have not been recorded or have been recorded incorrectly.
In this case, it sounds like Kia needs to record an adjusting entry to account for the fact that the employees will not be paid until two days after the end of the accounting period.
This is necessary because the payment of salaries is a liability of the company and the company needs to accurately reflect its liabilities on its financial statements.
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The Phrase lasissez-faire means which of the following?
A: To control
B:To let be
C: To buy
D: To contribute
Suppose that the demand and suppig equations of a consumer are given by: dd 150-sop Qu = 60+40p A, Show graphically and co-pute the consumer surplus? B. show graphically and compute the change in consumer-surpius Lohen the price changes to 2 ?
The change in CS when the price increases from $30 to $32 are $22.
Suppose that the demand and supply equations of a consumer are given by:Qd = 150 - 5P and Qs = 60 + 4P, respectively.
Graphical representation of consumer surplus and change in consumer surplus us consider the graph of the given demand and supply equations below: Graph of the given demand and supply equationsWe can observe from the graph above that the equilibrium price is $20 and the equilibrium quantity is 70.
The consumer surplus (CS) can be calculated as the difference between the maximum price that the consumer is willing to pay and the actual price paid.
Suppose that the consumer purchases 40 units of the commodity at a price of $30 per unit.
The CS can be calculated as follows: Maximum price that the consumer is willing to pay is calculated as the difference between the intercept of the demand curve on the vertical axis and the price for the quantity demanded of 40 units as follows: Maximum price = $150 - 5(40) = $-50
This is because the maximum price that the consumer is willing to pay cannot be negative, hence, we conclude that the consumer surplus for a price of $30 is zero.
If the price increases to $32, the consumer will reduce the quantity demanded to 38. The change in consumer surplus is calculated as the difference between the initial and new CS as follows: Initial CS = 0New CS = (150 - 5(38)) - (32)(38) = $22
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the following is an example of _____ stop by our store this Saturday between 2 and 4 to get a free gift
A-a call to action
B-white space
c- a unique selling proposition
D- cultural sensitivity
Answer: a call to action
Explanation:
The following is an example of a call to action stop by our store this Saturday between 2 and 4 to get a free gift. The correct option is A. Your call to action is the section of your advertisement that instructs your target audience on what they should do after clicking on your PPC ad and arriving at your website or landing page.
What is the main goal of a call to action?CTAs are used all across the web to entice potential leads or convert existing leads into customers. Their goal is to entice the visitor to do a specific activity.
A call-to-action is a short statement on your website, email, or another piece of content that encourages visitors to perform some desired action, which eventually continues their contact with your company.
Thus, the ideal selection is option A.
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attached is the question I need help
Horizon value of Goodwin’s stock will be $38.75
How to calculate the valuesDividend in Year 3 (D3) = $2.5000 per share
Dividend in Year 4 (D4) = $2.8250 per share [$2.5000 x 113%]
Dividend in Year 5 (D5) = $3.1923 per share [$2.8250 x 113%]
Dividend Growth Rate after 5th year (g) = 3.66% per year
Required Rate of Return (Ke) = 12.20%
Therefore, the Horizon value of Goodwin’s stock at the end of year 5 = D5(1 + g) / (Ke – g)
= $3.1923(1 + 0.0366) / (0.1220 – 0.0366)
= $3.3091 / 0.0854
= $38.75 per share
“Hence, the Horizon value of Goodwin’s stock will be $38.75”
The Current intrinsic value of Goodwin Technologies’ stock will be $27.14”
Goodwin’s current expected dividend and capital gains yields
Current Expected Dividend Yield
Current Expected Dividend Yield = 0.00%
Current Expected Capital Gains Yield
Current Expected Capital Gains Yield would be the Goodwin’s Required Rate of Return = 12.20%
Current Expected Dividend Yield = 0.00%
Current Expected Capital Gains Yield = 12.20%
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What notations would be placed next to the goat milk sold line item?
A: Ex (Expense)
B: P (Personal)
C: PL (Placement)
D: R (Receipt)
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Create a list of five action verbs you might use on a job application to describe skills and/or work history. Here are some examples: (organized, produced, selected, coordinated, contributed). Find five other than the examples.
Answer:
Examples:
• accomplished
• designed
• initiated
• supervised
• addressed
• corresponded
• persuaded
• publicized
• reconciled
• executed
• monitored
• operated
• consolidated
• appointed
• delegated
• established
Explanation:
Action verbs: One type of power word is an action verb. This kind of verb shows your ability to succeed. These words demonstrate the skills you have used in previous jobs to achieve success. I added in some more because I'm extra.
Hope this helps. :)
Action verb describes motion, which includes running, jumping, kicking, beating, breaking, crying, smiling, or thinking.
What are Action verbs?Action verbs are additionally referred to as bendy actions, explicit motions whether not bodily or mental. The verb describes what the sentence maker is doing.
So are a few examples of the action verbs are:
planning (you can plan accordingly - for example, your daily life and your plan)Include (such as tasks or other items that can help complete a task on time)Analyze (this will be great, so review the details, analyze the issue to manage it, but also follow the rules)You're ready (good and ready for the start of your shift, or maybe you have the stuff for the next shift that will start after you)Design (this can be followed by several tasks, you have the skills to design / present ideas to the table such as website ideas, sales items to attract sales, pick lines to sell items)
Thus, action verbs are good to include in your resume as well, this makes your skills stand out.
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briefly explain how the decision support system resolved the problems experienced by the railways
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
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On January 15, Tundra Co. sold merchandise to customers for cash of $42,000 (cost $28,500). Merchandise costing $10,500 was sold to customers for $15,800 on January 17; terms 2/10, n/30. Sales totaling $296,000 (cost $198,000) were recorded on January 20 to customers using MasterCard, a credit card that charges a 2% fee. On January 25, sales of $72,000 (cost $48,200) were made to debit card customers. The bank charges Tundra a flat fee of 0.5% on all debit card transactions.
Required:
1. Prepare journal entries for each of the transactions described (assume a perpetual inventory system).
2. Identify the advantages and disadvantages of each type of sale: cash sale, credit sale, credit card sale, or debit card sale. Explain why Tundra would likely accept all these types of sales.
1. The Tundra Co's journal entries to record the sales transactions under the perpetual inventory system are as follows:
Journal Entries:
January 15: Debit Cash $42,000
Credit Sales Revenue $42,000
To record the sale of goods for cash.Debit Cost of goods sold $28,500
Credit Inventory $28,500
To record the cost of goods sold.January 17: Debit Accounts Receivable $15,800
Credit Sales Revenue $15,800
To record the sale of goods on account, terms 2/10, n.30Debit Cost of goods sold $10,500
Credit Inventory $10,500
To record the cost of goods sold.January 20: Debit Cash (MasterCard) $290,080
Debit MasterCard Expense $5,920
Credit Sales Revenue $296,000
To record the sale of goods via MasterCard.Debit Cost of goods sold $198,000
Credit Inventory $198,000
To record the cost of goods sold.January 25: Debit Cash $68,400
Debit Bank Charges $3,600
Credit Sales Revenue $72,000
To record the sale of goods via debit card.Debit Cost of goods sold $48,200
Credit Inventory $48,200
To record the cost of goods sold.2. The identification of the advantages and disadvantages of each sale type is as follows:
a. Cash Sale ensures that Tundra collects cash immediately without facing credit risks from customers. Tundra has the cash available for operations without resorting to borrowing. Customers may be discouraged from making purchases if sales are restricted to cash. Tundra may be forced to offer cash discounts, which are substantial when the interest rates are annualized.
b. Credit Sale enables Tundra customers to buy more because of the credit period given. Credit Sale attracts more customers than Cash Sale. However, there is the risk of default. Some customers may become bankrupt during the credit period. Credit Sale extension to all customers increases the risk of financial fraud by some entities.
c. Credit Card Sale is like a cash sale except that Tundra will pay some expense to the Card issuers on whose platform the sale transaction is conducted.
d. Debit Card Sale is also like Credit Card Sale except that it is offered by financial institutions and not credit card issuers.
e. By accepting all these types of sales, Tundra increases its ability to make sales to various customers since some customers prefer to make transactions through these various types of sales.
Data Analysis:
January 15: Cash $42,000 Sales Revenue $42,000
Cost of goods sold $28,500 Inventory $28,500
January 17: Accounts Receivable $15,800 Sales Revenue $15,800
Cost of goods sold $10,500 Inventory $10,500
terms 2/10, n.30
January 20: Cash (MasterCard) $290,080 MasterCard Expense $5,920 Sales Revenue $296,000
Cost of goods sold $198,000 Inventory $198,000
January 25: Cash $68,400 Bank Charges $3,600 Sales Revenue $72,000
Cost of goods sold $48,200 Inventory $48,200
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Connect information which relates.
Inside-out perspective Choose..
competitive intelligence
the organisation's goals and values
the resources and capabilities to achieve competitive advantage
the industry environment
Competitive intelligence bridges the gap between the organization's goals and values, the industry environment, and the resources and capabilities necessary to gain a competitive edge. The correct option is a.
Competitive intelligence plays a crucial role in connecting the organization's goals and values with the industry environment and the resources and capabilities required to achieve competitive advantage. Competitive intelligence involves gathering and analyzing information about competitors, market trends, and customer preferences to gain insights and make informed business decisions.
By understanding the industry environment through competitive intelligence, organizations can identify opportunities and potential threats. This knowledge helps align the organization's goals and values with the external factors impacting its success. For example, if the industry is shifting towards sustainable practices, an organization that values environmental responsibility can leverage this trend to enhance its competitive position.
Furthermore, competitive intelligence helps identify the resources and capabilities needed to achieve competitive advantage. It provides insights into the strengths and weaknesses of competitors, allowing organizations to benchmark their own capabilities and identify areas for improvement. This knowledge can guide strategic planning and resource allocation, ensuring that the organization aligns its resources with its competitive goals. The correct option is a.
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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you will choose one federal agency to discuss in an informative essay. You should do outside research and write an essay on the structure of the agency and it’s function
The Department of Homeland Security (DHS) oversees the movement of individuals and merchandise across the United States as well as the protection of the national frontiers.
What is the role of department of Homeland Security?To protect the United States from potential terrorist acts and some other natural calamities, the Department of Homeland Security (DHS) is in charge.
All DHS Units immediately report to the Office of the Secretary under DHS organizational structure. The Secretary and Deputy Secretary, this same Chief of Staff, the Counselors, alongside their separate staffs make up the Office of the Secretary. There is no Component to which this staff is attached.
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Which of the following is not an example of a problem explained by agency theory?
A manager fires underperforming employees.
A manager takes few risks to ensure steady dividends.
A manager encounters a conflict of interest between their responsibilities to shareholders and their responsibilities to employees.
A manager protects her own job rather than the shareholder’s wealth.
Answer:
d
Explanation:
A manager protects her own job rather than the shareholder’s wealth.
its not correct.
Granger Inc. Comparative Balance Sheets December 31
Assets 2017 2016
Cash $80,800 $48,400
Accounts receivable 87,800 38,000
Inventory 112,500 102,850
Prepaid expenses 28,400 26,000
Long-term investments 138,000 109,000
Plant assets 285,000 242,500
Accumulated depreciation (50,000) (52,000)
Total $682,500 $514,750
Liabilities and Stockholders' Equity
Accounts payable $102,000 $67,300
Accrued expenses payable 16,500 21,000
Bonds payable 110,000 146,000
Common stock 220,000 175,000
Retained earnings 234,000 105,450
Total $682,500 $514,750
Granger Inc. Income Statement Data For the Year Ended December 31, 2017
Sales revenue $388,460
Less:
Cost of goods sold $135,460
Operating expenses, excluding depreciation 12,410
Depreciation expense 46,500
Income tax expense 27,280
Interest expense 4,730
Loss on disposal of plant assets 7,500 233,880
Net income $154,580
Additional information:
1. New plant assets costing $90,000 were purchased for cash during the year.
2. Old plant assets having an original cost of $51,750 and accumulated depreciation of $43,650 were sold for $1,350 cash.
3. Bonds payable matured and were paid off at face value for cash.
4. A cash dividend of $23,427 was declared and paid during the year.
Required:
Prepare a statement of cash flows for Granger Inc. using the direct method.
Answer:
GRANGER INC.
STATEMENT OF CASH FLOWS (USING INDIRECT METHOD)
FOR THE YEAR ENDED DECEMBER 31, 2017
Particulars Amount$
Cash flow from operating activities
Net Income 154,580
Adjustments to reconcile net income to net cash
provided by operating activities
Adjustment for non cash effects
Depreciation expense 46,500
Loss on sale of plant assets 7,500
Change in operating assets & liabilities
Increase in Accounts receivable -49,800
Increase in inventory -9,650
Increase in prepaid expenses -2,400
Increase in accounts payable 34,700
Decrease in accrued expenses payable -4,500
Net cash flow from operating activities (a) 176,930
Cash Flow from Investing activities
Old Plant assets sold 1,350
New plant assets purchased -90,000
Long-term investments purchased -29,000
Net cash Flow from Investing activities (b) -117,650
Cash Flow from Financing activities
Cash dividends paid -23,427
Common stock issued 45,000
Bonds paid -36,000
Net cash Flow from Financing activities (c) -14,427
Net Change in cash c=a+b+c 44,853
Add: Beginning cash balance 48,400
Closing cash balance 93,253
explain the role of beliefs, customs and attitudes in communication and how it acts as an input communication
Answer and Explanation:
An individual's customs beliefs and attitudes are directly related to the culture to which they belong and that culture is able to determine the forms of communication that an individual can present, showing how to behave and how to start a communication. Thus, these factors determine the beginning and the entire development of input comunication, as well as the elements that compose it.
The explanation regarding the role of beliefs, customs & attitudes in communication should be described below:
The customs, beliefs, & attitudes of an individual should be related to the culture from which it belongs and the culture should be measurable in the terms of communication.In this, the individual should be presented, how to begins with the communication. Without an individual, the communication should not be done.In this way, it should be explained.
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Please label each question as either closed question or open-ended question. 1. How many personal computers do you have in this department? 2. How is this task performed? 3. Why do you perform the task that way? 4. How many hours of training does a clerk receive? 5. How many customers ordered products from the Web site last month? 6. What are users saying about the new system? 7. How are the checks reconciled? 8. What added features would you like to have in the new billing system? 9. Is the calculation procedure described in the manual? 10. Is there anything else you can tell me about this topic?
The label of the question as either closed question or open-ended question is given below:
1. Closed ended question
2. Open ended question
3. Open ended question
4. Closed ended question
5. Closed ended question
6. Open ended question
7. Open ended question
8. Open ended question
9. Closed ended question
10. Closed ended question
What are some instances of open-ended and closed-ended questions?Open-ended inquiries are those that provide responders a prompt for the inquiry and a blank place to write their own response. As an alternative, closed-ended inquiries give a question prompt and ask respondents to select from a range of acceptable answers.
"What do you think about this goods?" is an example of an open-ended question. Closed-ended questions, on the other hand, typically only allow for a single word or a selection from a small number of multiple-choice options (for example, "Are you satisfied with this goods?" Yes, No, Mostly or Not quite").
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Steinberg Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Steinberg expects to sell 100,000 regular models and 20,000 deluxe models. A segmented income statement for the two products is as follows:
Regular Model Deluxe Model Total
Sales $12,000,000 $10,720,000 $22,720,000
Less: Variable costs 7,200,000 6,432,000 13,632,000
Contribution margin $4,800,000 $4,288,000 $9,088,000
Less: Direct fixed costs 1,200,000 960,000 2,160,000
Segment margin $3,600,000 $3,328,000 $6,928,000
Less: Common fixed costs 1,702,400
Operating income $5,225,600
Required:
1. Compute the number of regular models and deluxe models that must be sold to break even. Round your answers to the nearest whole unit.
Regular models units
Deluxe models units
2. Using information only from the total column of the income statement, compute the sales revenue that must be generated for the company to break even. Round the contribution margin ratio to four decimal places. Use the rounded value in the subsequent computation. (Express as a decimal-based amount rather than a whole percentage.) Round the amount of revenue to the nearest dollar.
Contribution margin ratio
Revenue$
Answer:
1. Regular model 25,000 units
Deluxe model 4,477.61 units
2. $9,656,000
Explanation:
1. Computation of the number of regular models and deluxe models that must be sold to break even.
First step is to calculate the contribution margin
per unit for Regular model and Deluxe model using this formula
Contribution margin per unit = Contribution margin / Units sold
Let plug in the formula
Regular model Contribution margin per unit= $4,800,000 / 100,000
Regular model Contribution margin per unit=$48.00 per unit
Deluxe model Contribution margin per unit= $4,288,000 / 20,000
Deluxe model Contribution margin per unit= $214.40 per unit
Now let calculate the Break even point in units for Regular model and Deluxe model using this formula
Break even point in units = Direct fixed cost / Contribution margin per unit
Let plug in the formula
Regular model Break even point in units= $1,200,000 / $48
Regular model Break even point in units=25,000 units
Deluxe model Break even point in units= $960,000 / $214.40
Deluxe model Break even point in units =4,477.61 units
Therefore Break even point in units will be: Regular model 25,000 units
Deluxe model 4,477.61 units
2. Computation of the sales revenue that must be generated for the company to break even
First step is to calculate Contribution margin ratio using this formula
Contribution margin ratio = Contribution margin / Sales * 100
Let plug in the formula
Contribution margin ratio =$9,088,000 / $22,720,000 * 100
Contribution margin ratio =40%
Second step is to calculate the Total fixed expenses for the company using this formula
Total fixed expenses for the company = Total direct fixed costs + Common fixed costs
Let plug in the formula
Total fixed expenses for the company =$2,160,000 + 1,702,400
Total fixed expenses for the company =$3,862,400
Now let calculate the Break even point in dollar sales using this formula
Break even point in dollar sales = Total fixed cost / Contribution margin ratio
Let plug in the formula
Break even point in dollar sales=3,862,400 / 40%
Break even point in dollar sales=$9,656,000
Therefore Break even point in dollar sales will be $9,656,000
Prepare the journal entry to record Jevonte Company's issuance of 44,000 shares of its common stock assuming the shares have a: a. $3 par value and sell for $22 cash per share. b. $3 stated value and sell for $22 cash per share. View transaction list Journal entry worksheet 2 Record the issuance of 44,000 shares of common stock assuming the shares have a $3 pavalue and sell for $22 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Cash 770,000 Common stock, $3 par value Paid-in capital in excess of par value, common stock 105,000 665,000 Record entry Clear entry View general journal Prepare the journal entry to record Jevonte Company's issuance of 44,000 shares of its common stock assuming the shares have a: a. $3 par value and sell for $22 cash per share. b. $3 stated value and sell for $22 cash per share. View transaction list Journal entry worksheet 2 Record the issuance of 44,000 shares of common stock assuming the shares have a $3 stated value and sell for $22 cash per share. Note: Enter debits before credits. Debit Credit 770,000 Transaction General Journal Cash Common stock, $3 stated value Paid-in capital in excess of stated value, common stock 105,000 665,000 Record entry Clear entry View general journal
Debit and credit are both derived from Latin. Debit and credit are derived from the Latin words creditum and debitum, respectively, which indicate "something entrusted to another or a loan" and "what is owing," respectively.
When you add assets, the account change is a debit since you must pay for that increase somehow (the price of the asset). In contrast, a rise in liabilities is a credit because it denotes money you received as a loan from someone else and spent on something (the cause of the corresponding debit in the assets account). Depending on the type of account, the terms debit and credit refer to actual accounting operations that both result in increases and decreases in accounts. Because of this, it would be ineffective to merely use "raise" and "drop" to denote account changes. There are a few ideas on the meanings of the abbreviations DR and CR for debit and credit. According to one idea, the Latin present active infinitives of debitum and creditum, debere and credere, respectively, are where the DR and CR originate.
Another explanation is that DR and CR stand for "debt record" and "credit record," respectively. Finally, some people think that the letters DR and CR stand for "debtor" and "creditor," respectively.
Transaction a
General Journal:- Cash
Debit:- 968000
Credit:-
44000*22
General Journal:- Common Stock, $3 par value
Debit:-
Credit:- 132000
44000*3
General Journal:- Paid in Capital in excess of par value, Common Stock Debit:-
Credit:- 836000
Transaction b
General Journal:- Cash
Debit:- 968000
Credit:-
General Journal:- Common Stock, $3 par value
Debit:-
Credit:- 132000
General Journal:- Paid in Capital in excess of par value, Common Stock Debit:-
Credit:- 836000
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On January 1, 2021, Fargo corporation purchase a significant influence shares investment in Concord corporation for $250,000. This investment balance represents 30% of the equity of the Concorde corporation. During 2021, Concord corporation reported net income of $60,000 on November 15, 2021 Concord corporation paid cash dividends of 25,000 to its shareholders. Using this information what is the 2021 year and balance in Fargo corporations investment in Concord corporation account
The year-end balance in Fargo Corporations in 2021 Investment will be, 258000.
Amount paid for investment= 250000
Add: Share of net income = 60000*30%
= 18000
Less: Dividends received = 25000*40%
= 10000
What is year-end balance?Year-end adjustments are changes that need to be made to the balance sheet and profit and loss statement in order to ensure that the year-end reports are an accurate reflection of the company's accounts.
The year-end closing process identifies any balances or deficits on the company's books, which are then carried over into the new fiscal year.
Thus, 2021 year-end balance in Fargo Corporations Investment will be, 258000.
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What is one major advantage of long-term savings strategies?
A.
They make more money available for nonessential purchases.
B.
They allow savings to grow significantly over time.
C.
They generally have the lowest available interest rates.
D.
They make it easier to pay for monthly expenses.
Answer:
It's b
Explanation:
I took a quiz
The major advantage of a long term savings plan is that: They allow savings to grow significantly over time.
What is savings?This is a term that is used to refer to the amount of money that is kept by a person over time.
The goal of savings is so that they can meet with unforeseen events. Savings help the owner to be able to take care of certain needs.
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Please evaluate a CEO’s job, and what makes a CEO’s job so complex? Use the challenges Tim Cook faces as Steve Jobs’ successor to provide examples that support your answer.
Answer: A CEO's job is so complex because of the many different aspects that they need to control and execute.
For example, the CEO is responsible for managing the business strategy, business strategy, finance, operations, and many other things of the organization. In addition to these aspects, Tim Cook had to follow in the footsteps of Steve Jobs, who was a renowned innovation leader.
Not only does Cook not seem like such a strong innovator, he's also struggled to keep up with the 's technological upgrades and market competition. Since taking on the role of CEO, he has had to choose where to focus his time and appears to have focused on company culture and leadership team transformation.
Explanation: