Accents Associates sells only one product, with a current selling price of $170 per unit. Variable costs are 60% of this selling price, and fixed costs are $40,000 per month. Management has decided to reduce the selling price to $165 per unit in an effort to increase sales. Assume that the cost of the product and fixed operating expenses are not changed by this reduction in selling price.
18. Required information At the current selling price of $170 per unit, what dollar volume of sales per month is required for Accents to earn a monthly operating income of $14,000? 
$40,000.  $150,000.  $135,000.  Some other amount.
19. Required information At the current selling price of $170 per unit, the contribution margin ratio is: 
102%.  80%.  40%.  60%.
20. Required information At the current selling price of $170 per unit, the dollar volume of sales per month necessary for Accents to break-even is: 
$40,000.  $100,000.  $166,667.  Some other amount.

Answers

Answer 1

18.) We need to calculate the contribution margin ratio and use it to find the required sales volume for different scenarios :

Contribution margin ratio:

The contribution margin ratio is the percentage of each sales dollar that contributes to covering fixed costs and generating operating income. It is calculated as follows:

Contribution margin ratio = (Selling price - Variable costs) / Selling price

Given that the selling price is $170 per unit and variable costs are 60% of the selling price, we can calculate the contribution margin ratio:

Contribution margin ratio = (170 - 0.6 * 170) / 170 = 0.4 = 40%

19:) The contribution margin ratio at the current selling price of $170 per unit is 40%.

Required sales volume for a monthly operating income of $14,000:

To calculate the required sales volume, we can use the contribution margin ratio and the fixed costs.

Operating income = (Selling price - Variable costs) * Sales volume - Fixed costs

Sales volume = (Operating income + Fixed costs) / (Selling price - Variable costs)

Sales volume = (14,000 + 40,000) / (170 - 0.6 * 170) = 54,000 / 68 = 794.12

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Related Questions

product and period costs require a credit to cash or to a liability. what kind of account gets debited?

Answers

The cost of a product or period is usually debited to an expense account.

When a company incurs costs associated with a product or period, such as materials, labor, or overhead costs, it will debit an expense account. This debit increases the company's expense, which reduces their profits. The expense account is then offset by a credit of either cash or a liability. If cash is used, the debit is offset by a credit to the cash account for the same amount, and if a liability is used, the debit is offset by a credit to the liability account. In either case, the offsetting entry will also reduce the company's profit. In some cases, discounts may be taken, which would result in a debit to a different expense account such as discount taken.

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1. Product Cost and period Cost requires:

Cash is to be credited IF the said cost is PAID IN CASH, andLiability to be credited (Accounts payable, wages payable, overheads payable) IF the said cost is not yet paid in Cash.

2. Accounts to be debited:

Direct material cost, Work in Process Inventory, and Factory Overheads [these are debited for Product Cost]Selling expenses, general and administrative expenses accounts [these are debited for Period Cost]

Commonplace business accounts include a bank account, financial savings account, credit card account, and merchant services account. merchant services money owed permit you to receive credit score and debit card transactions from your clients. The accounting process consists of summarizing, reading, and reporting those transactions to oversight companies, regulators, and tax collection entities. The chart of bills organizes your finances into five fundamental account types, called bills: property, liabilities, equity, revenue, and fees.

A business needs a system to manipulate its money. business accounts are used to music the cash balance, debts to the commercial enterprise, debts to creditors, and payroll paid to personnel. The range of debts a commercial enterprise needs will range, but business bills are widely widespread for all agencies.

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PLEASE HELP 20 POINTS!!!!!!
Visit a Web site for a company that sells products online. Then go to that company's corporate Web site. Compare the company's product sales site with its corporate site. Describe at least 3 differences between them. (1-3 sentences. 3.0 points)

Answers

A company's product sales site typically focuses on showcasing and selling specific products or services.

How to explain the information

It may have a streamlined design, with a strong emphasis on product descriptions, prices, images, and the purchasing process.

On the other hand, a corporate website tends to provide a broader overview of the company as a whole. It may include information about the company's history, mission, values, executive team, investor relations, career opportunities, and other corporate-related content.

The structure and navigation of a product sales site are often designed to facilitate the buying process.

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The study of group __________ helps us to recognize the formation of a group and states how the group should be organized, lead and promoted. Fill in the blank.

Answers

Answer:

dynamics

Explanation:

Group dynamics is a term that is used in describing the formation and the actual nature or characteristics of a group in connection to every member of the group and or in relation to how the group interacts with other groups.

Hence, the study of group DYNAMICS helps us to recognize the formation of a group and states how the group should be organized, lead, and promoted.

When the Group of dynamics may be a term that's utilized in describing the formation and also the actual nature or characteristics of a bunch in connection to each member of the group and or in respect to how the group interacts with other groups.

Dynamics

Hence, the study of social psychology that is Dynamics helps us to acknowledge the formation of a gaggle and states how the group should be organized, lead, and promoted.

Thus, the correct answer is Dynamics

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In for peny, in for a pound , taking care of the rands and cents

Answers

Answer:

l don't understand the question you ask

how is an impairment loss recognized on the financial statements for a cost method equity investment? in other comprehensive income in current earnings deferred until recoverable impairment losses are not recognized on cost method investments.

Answers

Impairment losses are not recognized on cost method investments.

What exactly is an impairment loss?

When an asset's fair value decreases, an impairment loss is a recognised decrease in the asset's carrying amount. The difference is written off when an asset's fair value falls below its carrying value. Impairment typically involves an abrupt reduction in value. It may occur from unforeseen causes like a financial catastrophe or natural calamity. Depreciation is the anticipated decline in market value brought on by ordinary wear and tear. For instance, once an automobile leaves the dealership, it automatically depreciates.

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Read the following scenario and answer the question in 5-10 sentences.
You and your friend, SoYeon, want to start a business selling homemade clothing items and decide to incorporate in the state of Connecticut. Because of the nature of your product, you want to sell your goods in Connecticut and the surrounding states (New York, Rhode Island, and Massachusetts) where you will get licenses to do business. You and SoYeon want to restrict the ownership to the two of you and ownership cannot be sold without permission of the remaining owner. Discuss how your corporation would be described in Connecticut, as well as in any of the surrounding states.

Answers

In Connecticut, your corporation would be described as a "closed corporation" or "closely held corporation." This type of corporation allows for a limited number of shareholders, typically with restrictions on ownership transfer.

The only shareholders and sole decision-makers regarding the company's ownership would be you and SoYeon. A sale of ownership is not permitted without the consent of the surviving owner. A similar legal framework exists in the neighboring states of New York, Rhode Island, and Massachusetts; it is also known as a "closely held corporation" or "closed corporation." These states would continue to adhere to the same ownership transfer laws and regulations, preserving the original shareholders' ownership control.

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The two different types of interest rates offered on home mortgages is A) Fixed and variable.

A loan is a financing settlement between a lender and a borrower, where the latter borrows a positive amount of money and repays it over a period of time. A mortgage, or home mortgage, is a sort of mortgage used to shop for real estate, and secured with the aid of the purchased land or house.

Even along with the association charges, a loan continues to be probable to be less expensive than getting rid of a non-public loan. However, to be virtually certain of which would come up with the higher deal you want to evaluate the total value of borrowing - consisting of association charges for the mortgages - of the two styles of a mortgage.

A mortgage is an agreement between you and a lender that gives the lender the proper to take your private home if you fail to pay off the money you've borrowed plus interest. Loan loans are used to shop for a domestic or to borrow money towards the cost of a home you already personal.

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Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day.
To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.

Answers

The tax had a negative impact on the hotel industry in Smalltown, but generated revenue for the government. This highlights the trade-offs involved in taxation and the importance of carefully considering the potential impacts of policy changes.

We can use the information provided to calculate the total revenue generated by hotel room rentals before and after the tax is imposed.

Before the tax is imposed:

Number of rented rooms = 900

Price per room = $80

Total revenue = 900 * 80 = $72,000

After the tax is imposed:

Number of rented rooms = 800

Price per room = $85 ($80 + $15 tax)

Total revenue = 800 * 85 = $68,000

We can see that the total revenue generated by hotel room rentals decreased after the tax was imposed. Although the price per room increased, the decrease in the number of rooms rented more than offset the increase in price. This is an example of how taxes can impact the behavior of consumers and businesses.

It's important to note that while the total revenue decreased, the government still generated revenue through the tax. The total tax revenue can be calculated as follows:

Number of rented rooms = 800

Tax per room = $15

Total tax revenue = 800 * 15 = $12,000

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Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day. To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.

What will be the impact on tax?

Can I please get help with this???? I’m not sure if the two are right or not. Please help me!!!!

Answers

Answer:

I think the two you have are correct the second one is Chain restaurants i think

third one Franchise restaurants fourth one One location restaurants

Explanation:

Escalation of commitment can be minimized by ensuring that: A. there are ready-made alternatives to resolve the problem. B. those who choose the decision are different from those who implement and evaluate it. C. the team leader has strong opinions about the preferred options. D. organizational goals are relatively ambiguous. E. the person who makes the decision is also responsible for terminating the project.

Answers

Escalation of commitment is a miracle in which people come decreasingly committed to a decision that isn't working, frequently as a result of their own conduct so option c is correct.

To minimize escalation of commitment, brigades should insure that there are ready- made druthers to resolve the problem. This will insure that the platoon has choices and can make a timely decision rather than sticking to the same decision indeed if it isn't working. also, it's important to insure that those who choose the decision are different from those who apply and estimate it. This will help the platoon from getting too attached to the decision and enable them to estimate it objectively. Eventually, organizational pretensions should be easily defined to insure that the platoon is concentrated on the same objects and doesn't come too attached to one particular decision.

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In which period of industrial revolution industries experienced the need of selling function

Answers

Answer:

Industrial revolution industries experienced the need of selling function is explained below in details.

Explanation:

The Industrial Revolution converted economics that had been based on cultivation and craftsmanship into markets based on large-scale manufacturing, mechanized production, and industry arrangement. New instruments, new energy sources, and new forms of creating a product made present industries more fruitful and effective.

What is a scenario in Excel 2016?

Answers

Answer:

In Excel, a scenario is a set of data inserted in the spreadsheet that is being used, which forms a variable that can be modified and, therefore, replaced in said spreadsheet together. Thus, for example, if cells A1: D4 contain data that is specific to an eventual particular situation that can occur in 3 different ways, there will be 3 scenarios containing data in that range of cells that can be modified, thus modifying the final results of spreadsheet.

Answer:

C. a set of input values that produce a result

Explanation: edg

Can anyone help me think of an advertisement for a product I’m selling which is a drone.

Answers

Regardless of the variety of options available, all forms of advertising share two objectives: to influence customers so that they become leads or customers.

How to Influence Customers?

Consumer behavior is influenced by four psychological factors: attitude or set of beliefs, perception, learning, and motivation. Behaving in a manner that offers others the opportunity to change (their behavior, attitudes, thoughts, and ways) and/or accommodate your own wishes is one aspect of influencing skills. However, it is important to recognize that others may be unable to, unwilling to, or unprepared to respond to our request to be influenced. Human behavior is influenced by a variety of factors and characteristics. These are distinctions that are unique to the person with whom you are collaborating. Personality traits.

These are things that affect how a person interacts with other people. Institutional elements. Factors that affect the community and Public policy.

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Which best describes the types of indicators that the HDI measures?
O economic and industrial indicators
O infrastructure and social indicators
O social and economic indicators
O stability and social indicators

Answers

Answer:

O social and economic indicators

Explanation:

The Human Development Index (HDI) is a statistic used to measure a country's achievements in different aspects of its social and economic welfare. The united nations developed HDI to evaluate different dimensions of human development in a country. Dimensions of human development refer to people's health, educational level, and standards of living.

The HDI makes comparisons between countries by analyzing components such as average annual income and educational achievements.

Social and economic indicators is best describes the types of indicators that the HDI measures. The HDI analyzes factors such as average annual income and educational achievements to directly compare between countries.

What is HDI ?

The Human Development Index is a metric that assesses a country's progress in various areas of social and economic development.

HDI was created by the United Nations to assess many aspects of a country's human development. Human development dimensions include people's health, educational attainment, and living conditions.

Thus, option C is correct.

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knowledge check 01 ambiance corporation reports net sales of $750,000, cost of goods sold of $562,500, and net income of $100,000. what is the company’s gross profit percentage?

Answers

The company’s gross profit percentage is 25%. Gross profit percentage is a financial metric that measures a company's profitability by determining the percentage of sales revenue remaining after deducting the cost of goods sold. In the case of Ambiance Corporation, it reports net sales of $750,000, cost of goods sold of $562,500, and net income of $100,000.

Therefore, the company's gross profit percentage can be calculated using the formula:

Gross Profit Percentage = (Gross Profit / Net Sales) x 100To determines the gross profit, we must first subtract the cost of goods sold from the net sales:

Gross Profit = Net Sales - Cost of Goods Sold= $750,000 - $562,500= $187,500

Now, we can substitute the gross profit and net sales values in the formula to find the gross profit percentage as follows:

Gross Profit Percentage = (187,500 / 750,000) x 100= 25%

Therefore, Ambiance Corporation's gross profit percentage is 25%.

This means that for every dollar in sales, the company generates 25 cents in gross profit before deducting operating expenses. The higher the gross profit percentage, the better it is for the company as it indicates a healthier profit margin and an ability to cover its operating expenses.

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Breanna completed her lease term, and decided to turn the car in instead of purchasing it. Upon inspection, the dealership noted that the windshield was cracked. What fee will breanna be required to pay as a result?.

Answers

Lease penalty will be Breanna be required to pay as a result.

Lease penalty :When you return your car at the conclusion of your lease, you may be assessed a penalty known as a lease penalty. This may be due to excessive mileage (going above the established annual mileage cap) or damage to the car's exterior or interior. This means that Breanna will be charged a cost as a result of the windshield damage, which is a lease penalty. There are several situations when you can avoid paying your lease penalty, however they are uncommon. These contain:

a medical need

Active duty or military deployment

motives pertaining to personal protection

Failure of the owner to fulfil their obligations.

The simplest way to avoid paying a lease penalty is to simply finish the entire.

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bake sale requires $110 in supplies but can make profit by selling each cupcake for $3. Which of the following describes their scenario for each cupcake sold?
a. y = 3x - 110
b. Y = 3-110
c. Y = 110x-3
d. Y = 3x +110

Answers

The scenario for each cupcake sold is described by the equation `y = 3x - 110`.

The correct answer is option A.

Let the number of cupcakes sold be x.Each cupcake sells for $3; therefore, the total revenue from selling x cupcakes is 3x.

The cost of supplies for the bake sale is $110. This amount represents the total cost of making x cupcakes, which is the total cost.

Therefore, the profit is the difference between the total revenue (3x) and the total cost ($110).

profit = total revenue - total costprofit = 3x - 110

The amount of profit per cupcake sold is calculated by dividing the total profit by the number of cupcakes sold, x.

Thus, the profit equation per cupcake is:y = (3x - 110) / xy = 3x / x - 110 / x

Simplify:y = 3 - 110 / xy = 3x - 110

Therefore, the scenario for each cupcake sold is described by the equation `y = 3x - 110`. Option A is correct.

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Which is most likely to happen to consumers with good credit? Check all that apply.

They can be approved for loans.
They are denied a mortgage.
They can receive lower interest rates.
They are denied an unsecured loan.
They can use credit in emergencies.
They are forced into high interest rates.

Answers

Answer:

They can be approved for loans.

They can receive lower interest rates.

They can use credit in emergencies.

Explanation:

Good credit history is a result of sound debt management habits. A person with good credit is disciplined in the use of credit facilities. They are characterized by

They pay their debts on time.They do not miss installment payments.Are not overwhelmed by too many debts at a time.

Lenders consider an individual with good credit as low-risk customers. Due to this reason, they are advanced loans at lower interest rates. Customers with good credit get their credit approvals within a short period.

Statements that explains things that most likely to happen to consumers that has good credit are;

They can be approved for loans.

They can receive lower interest rates.

They can use credit in emergencies.

A consumer credit system can be considered as one that give room to the consumers to borrow money or incur debt.

It enable them to defer repayment of the money over time, and with good credit lower interest rates can be accessed.

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How do changes in spending set of a chain of events that impact real GDP?

Answers

Changes in spending drives aggregate demand and contributes to some real GDP growth.

The chain of events from changes in spending circle the economy, households purchase things from businesses, businesses pay their employees and suppliers, employees and suppliers purchase goods from other businesses, these businesses pay their employees and suppliers, and so on. In this sense, the initial shift in aggregate expenditures is really spent more than once.

Hence, the real GDP grows from changes in spending.

GDP of a nation?

The sum of all value added produced inside an economy is measured by the GDP. Value added is defined as the value of produced products and services less the value of the commodities and services required to produce them, or what is known as intermediate consumption.

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An in-store computer used to apply for a job is called:
an online application.
a paper application.
an automated interviewer.
a hiring kiosk.

Answers

Blossom was reviewing his compary's activities at the end of the year (2022) and decided to prepare a retained earnings statement. At the beginning of the year his assets were $575,000, liabilities were $137,000, and common stock was $127,000. The net income for the year was $295,000. Dividends of $224,000 were paid during the year. Prepare a retained earnings statement in good form. (List items that increase retained earnings first) What acts of communication are used by companies with buffering strategy?ADefensive statementsB SponsorshipC BriefingD Spread of the word Experiencing acute stress on a frequent basis, such as with back-to-back tight deadlines at work, is referred to as what type of stress?A. Toxic stressB. Chronic stress C. Eustress D. Episodic stress x + 4 < 13 hyeeeeeeeeeeeeeeeeeeee help One study of 781 men and women age 21 found a clear relationship between elevated blood levels of ________ (which correspond to lower brain levels of the chemical) and violence in men. Can someone help me and explain me how to do it plssss An infinite number of ratios are equivalent to 3:8. Howcan that be possible, when the multiplication table onlygoes to 9? You are running tests on a tissue and you find that the cells that compose it have a build up of amino acids and lipids that normally would have broken down and removed from the cell. What is the best explanation for this 58, 61, 71, 77, 91, 100, 105, 102, 95, 82, 66, 57If a value of 98 is added to the data, how does the mean change?The mean increases by 8.2.The mean decreases by 8.2.The mean increases by 1.4.The mean decreases by 1.4. There were 58 frogs in a pond.f of the frogs hopped away.Choose the expression that shows how many frogs are in the pond.A. f - 58B. 58 - fC. f + 58D. f Which of the following statements illustrates functional fixedness? I have only seen metal desks, therefore only metal can be used to make desks. Corn may only be used to produce ethanol because it is yellow. A person who is four feet tall may or may not be able to drive a school bus. Chairs are not always made of wood, but some chairs are made of wood. An evaluation and management (e/m) code is used to report removal of a(n) ________ accessible stent when imaging guidance is not used. a. endoscopic b. internally c. externally d. stoma I need help plsssssssssss Who going to get the 50 points....................................................:.. Which of the following statements is true of working memory? texas was annexed to the united states as a result of: PLEASE HELP HEHE!!In a state, 30% of all people own a scooter, and 41% of all people have a skateboard and bicycle. Find the probability of choosing a person that has a scooter and then choosing another person sequentially who has a skateboard and scooter? Round answer to nearest tenth and include percent sign. A nurse is caring for a client who has acute pancreatitis. Which of the following serum laboratory values should the nurse anticipate returning to the expected reference range within 72 hr after treatment begins?a. Aldolaseb. Lipasec. Amylased. Lactic dehydrogenase A local hamburger shop sold a combined total of 774 hamburgers and cheeseburgers on Wednesday. There were 74 more cheeseburgers sold than hamburgers.How many hamburgers were sold on Wednesday? What can be concluded about a pair of triangles with some congruent corresponding parts? select all that apply.