Contribution Income Statement and Cost-Volume-Profit Graph Picnic Time produces a picnic basket that is sold for $100 per unit. Assume the company produced and sold 4,000 baskets during July. There were no beginning or ending inventories. Variable and fixed costs follow. Variable Costs per Unit Fixed Costs per Month Manufacturing: Manufacturing overhead $36,000 Direct materials $25 Selling and administrative 68,000 Direct labor 15 Total $104,000 Manufacturing overhead 5 $45 Selling and administrative 4 Total $49
Required
Prepare a contribution income statement for July.
Do not use any negative signs with your answers.
Picnic Time
Contribution Income Statement
For the Month of July
Sales Answer
Less variable costs
Direct materials Answer
Direct labor Answer
Manufacturing overhead Answer
Selling and administrative Answer Answer
Contribution margin Answer
Less fixed cost:
Manufacturing overhead Answer
Selling and administrative Answer Answer
Profit Answer

Answer:

Housing - $1080

Transportation $720

Food - $ 540

Insurance- $252

Savings- $360

Other - $648

Explanation:

The total money earned by both Barry and Cheri  is $3,500 + $ 100 = $3600

Housing 30% ____0.3 * 3600_____ = 1080

Transportation 20% ___0.2 * 3600______= 720

Food 15% _____0.15 * 3600____= 540

Insurance 07% ___0.07* 3600______= 252

Savings 10% ___0.1* 3600______= 360

Other 18% ____0.18 * 3600_____ = 648

The average annual return for investing 100% bonds and 100% stocks has been around 3-5% and 8-10% respectively. The range of 10% bond and 90% stock is wider as stocks are generally riskier than bonds. Investing solely in bonds not be sufficient to achieve a 10% return. Investing in Bonds can provide steady income, while stocks offer higher returns but also more risk.

The average annual return for investing 100% in bonds varies depending on the type of bonds and the current interest rates. Generally, bonds have a lower rate of return compared to stocks, so the average annual return would likely be around 3-5%.

The average annual return for investing 100% in stocks varies depending on the type of stocks and market conditions. Historically, the average annual return for stocks has been around 8-10%.

The range of potential annual returns for a portfolio with 10% bonds and 90% stocks would likely be wider than a portfolio with 10% stocks and 90% bonds. This is because stocks have a higher potential for both gains and losses compared to bonds, which are generally considered a more stable investment.

It's important to have a diversified portfolio that includes both stocks and bonds, as this can help reduce risk and increase potential returns over the long term. While stocks may be more volatile, they also have the potential for higher returns compared to bonds. A financial advisor can help determine the best asset allocation based on your friend's individual goals and risk tolerance.

Investing in both stocks and bonds can help balance risk and return in a portfolio. While stocks have the potential for higher returns, they also come with higher risk, while bonds offer stability and income.

By combining both types of investments, an investor can potentially increase returns while reducing overall risk. The graph may show the benefits of diversifying a portfolio and the importance of balancing risk and return.

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--The given question is incomplete, the complete question is given

" 1. What is the average annual return if someone invested 100% in bonds.

2. What is the average annual return if someone invested 100% in stocks

3. Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% bonds

4. Your friend tells you he is going to start investing and would like to earn a 10% return. He says stocks make him nervous, so he will only be investing 10% in stocks and the remaining 90% will be invested in bonds. What would you say to him?

5. Use evidence from this graph to explain the value of investing in both stocks and bonds- not just one or the other"--

Answer:

Macroeconomics is the study of large scale economic issues such as those which affect the entire economy. This is in contrast to Microeconomics which looks at smaller scale economic principles. Macroeconomics is a highly practical discipline as it deals with principles that directly impact every part of life.

The statement which states that If the Federal Reserve's wishes for the federal funds rate to be permanently at the target level, then the appropriate policy for the Federal Reserve is to take a defensive open market purchase, is TRUE.

Based on the given question, we can see that an open market operation refers to the way the federal government makes the federal funds rate to change buy making the loans more easily obtainable.

With this in mind, if they wish for the federal funds rate to be permanently at the target level, then they would have to take a defensive position by increasing the reserves through buying of securities so that economic activity would be stabilised.

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An example of an equity investment is D. A company's stock

An equity investment is an investment in the ownership of a company or other entity, where the investor purchases a percentage of the company's shares. By doing so, the investor becomes a part-owner of the company, and as such, they may receive a portion of the company's profits through dividends or by selling their shares at a higher price.

Company stocks are the most common example of an equity investment. When an investor buys stocks, they are buying a portion of the ownership of that company, and therefore they are entitled to a share of the company's profits and assets. The value of a stock can increase or decrease based on the performance of the company and market conditions, making it a potentially high-risk but also high-reward investment. On the other hand, loans, company bonds, and government bonds are examples of debt investments, where the investor lends money to an entity in exchange for a fixed rate of return. Unlike equity investments, debt investments typically have a fixed interest rate and maturity date, and the investor does not own a portion of the company.

In summary, equity investments provide investors with an ownership stake in a company, while debt investments provide a fixed income stream. While equity investments can potentially offer higher returns, they also come with higher risks, and investors should carefully consider their investment objectives and risk tolerance before making any investment decisions.

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Answer: D; Banks can charge fees for missed payments.

Explanation: A pex

Major consequence of failing to pay back a loan on time is that Banks can charge fees for missed payments.

A loan is a quantity of money that one or more people or businesses obtain from banks or other financial organizations in order to handle their finances in connection with anticipated or unforeseen circumstances. By doing this, the borrower creates a debt that must be repaid with interest within a predetermined time frame.

Before any money is sent, the lender and borrower must agree on the terms of the loan. The loan document will specify any instances where the lender may ask the borrower to pledge an asset as security. A mortgage is a frequent loan taken by American households to pay for real estate.

Governments, businesses, and private persons can all get loans. The main purpose of taking out one is to obtain money to increase one's total available funds. The lender receives income from the interest and fees.

Depending on the specific financial requirements, there are numerous types of loans. Banks are able to offer both secured and unsecured loans. People choose secured loans because they have lower interest rates and a significant amount of money that may be utilized to buy a house or car. While personal loans, which have a higher interest rate and are typically granted for lesser sums for things like home improvement and other uses, are the most popular kind of unsecured credit.

Your ability to put up collateral and your credit score determine the maximum loan amount you may be eligible for. credit instruments such as credit cards, unsecured loans, and lines of credit.

Before any money or property is exchanged, the parties to the transaction agree on the terms of the loan. The loan documentation will specify any collateral requirements the lender may have. The majority of loans also have clauses governing the maximum interest rate as well as other covenants like the period of time until repayment is necessary.

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The major reason why managers need to study the history of management is to A) avoid the mistakes of the past.

From the successes and failures, a person is able to see the mistake that were made when using past management styles. This then allows them to avoid those same mistakes in the present.

In conclusion, option A is correct.

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Answer: $‭391.71‬

Explanation:

Tam earned $2,000 for the week.

There are two exemptions with each of them valued at a $75 allowance.

Net earnings = 2,000 - (75 * 2)

= $1,850

Based on the table, this falls under the $1,533 to $3,202 bracket.

Federal income tax withholding is:

= 302.95 + 28% * (1,850 - 1,533)

= 302.95 + ‭88.76‬

= $‭391.71‬

Answer:

Managerial accounting (also known as cost accounting or management accounting) is a branch of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information so that it can be used to help managers in a company make choices for it.

Explanation:

Answer:

Management accounting is the accounting used by managers.

Explanation:

For example, imagine a company makes cookies. In order to make a profit on cookies, the management needs to decide, what raw materials to use. How much will they cost? If the raw materials per cookie is $20, then how much should the profit be set to per batch? If the targetted profit is 25% then the price for the cookies to the end customer will have to be $25.

Also, management accounting helps identify how many units to make. So, for example, your bakery costs $1000 rent per month. So, you want to know how many cookies you'll have to sell to at least be able to pay rent for your shop? This is where we do a break-even analysis. So, if you're selling cookies for $25 and cost to make is $20, you're only left with $5.

Now, $1000/$5 = 200 cookies. Now, you know that as a manager/owner that if you want to be able to just make the business viable, you have to sell 200 cookies at $25 a piece.

If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.

One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.

The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.

It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.

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The correct option in the given scenario is (C) a decrease in sales and an increase in price for good x compared to good y.

The total number of products you can buy within your current budget is your budget constraint.

Budget restrictions show the variety of options that can be made while staying within that budget.

The sum or object you forfeit in favor of something else is known as the opportunity cost.

Sunk costs are past expenses that cannot be recouped.

What people can actually spend given their economic constraints is known as effective demand.

So, a decline in revenue and a rise in the cost of good x in comparison to good y.

The budget restriction is shifting inward, which suggests a drop in income.

The price of good x has grown relative to the price of good y, therefore the change is not parallel.

Therefore, the correct option in the given scenario is (C) a decrease in sales and an increase in price for good x compared to good y.

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Complete question:
Suppose the budget constraint shifted from constraint 2 to constraint 1. what could have caused this change?

a. a decrease in income

b. a decrease in the price of good x

c. a decrease in income and an increase in the price of good x relative to that of good y

d. an increase in the price of good y

Answer:

High availability.of cheaper labour

Explanation:

An emerging market is defined as one that does not meet the standards of a fully developed market. For example in the area.of labour cost there is no standard set for it.

So companies can get cheap labour from these economies.

Companies like Apple and Nike have used cheap labour from emerging countries to reduce their cost of production.

Manufacturing bases are established in relatively poorer economies where the workers are willing to work for cheap wage

Answer:

True

Explanation:

The Coronavirus Aid, Relief, and Economic Security (CARES) Act made several changes to current policies in order to help American citizens during the current health crisis. One of these changes was to waive the required minimum distributions (RMD). This waive applies to all types of retirement accounts.

Answer:

24800

Explanation:

The terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry

Business cycle refers to the cyclical upswings and downswings of a  business in its output, employment, income, sales etc

The 4 stages of business cycle includes:

In conclusion, the terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry

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Answer and Explanation:

For materials

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300

= 132,000 units

Cost of materials = Beginning WIP + Cost of materials added

= 22,300 + 370,000

= $392,300

Cost of material per units = 392,300 ÷ 132,000

= $2.97197

For conversions

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300 × 30%

= 117,790 units

Cost of Conversion = Beginning WIP + Cost of conversion added

= 19,700 + 280,000

= $299,700

Cost of conversion per units = 299,700 ÷ 117,790

= $2.54436

Total cost of units completed and transferred out

= 111,700 × (2.97197 + 2.54436)

= $616,174

Answer:

brand extension

Explanation:

Answer:

you is kicks yes

Explanation:

you make me think i found the answer there yes

You always need to evaluate both the block and the landing page. It is False

For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else. It is True

For a Web Search Result Block, in most cases you should evaluate just the content inside the block. It is True

For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases. It is True

The answer is False because while it is important to evaluate both the block and the landing page in some cases, it is not always necessary to do so, depending on the type of search result and the specific evaluation criteria being used.

For a Special Content Result Block, there is always need to evaluate both the content inside the block and the landing page to know the Needs Met rating for that result, depending on the specific evaluation criteria being used.

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Answer: both a and b

Explanation:

Read further down all rows to find T = 10 and traverse the columns to find 10% to get the future value annuity component from a time value table. That column and row's intersection point has a factor of 15.937.

According to economists, there are four basic sorts of money: commercial money, trustee money, fiat money, and commodity money. Commodity money is money that derives its worth from the commodities from which it is created.

In conclusion, despite the fact that money has existed in a variety of forms throughout history, it has always served the same three purposes: as a store of value, an account unit and a medium of exchange.

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Based solely on the interest earned, Savings Plan A would be preferred over Savings Plan B.

To determine which savings plan is preferred, we can compare the total interest earned under each plan over the 5-year duration.

For Savings Plan A, the annual interest rate is 5.7%, and the interest is paid at the end of each year. Therefore, the total interest earned can be calculated using the simple interest formula: Principal x Rate x Time. Assuming a principal of $1,000, the total interest earned would be $1,000 x 0.057 x 5 = $285.

For Savings Plan B, the annual interest rate is 5.4%, and the interest is paid on a monthly basis (12 times a year). This means that the interest is compounded monthly.

Using the compound interest formula: A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of compounding periods per year, and t is the time in years, we can calculate the total interest earned. Assuming a principal of $1,000, the total interest earned would be $1,000 x [(1 + 0.054/12)^(12x5)] - $1,000 = $279.67.

Comparing the total interest earned, we can see that Savings Plan A yields a higher interest amount ($285) compared to Savings Plan B ($279.67).

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The aspect of aspect of effective team building does this scenario demonstrates is "Promote psychological safety" (Option D)

Team development is a continuous process that assists a work group in becoming a cohesive one. Not only do team members share expectations for completing group work, but they also trust and support one another and appreciate one another's distinctive characteristics.

It fosters trust, reduces conflict, promotes communication, and fosters collaboration. Effective team building results in more engaged employees, which is beneficial to corporate culture and the bottom line. It may also be exciting and fun if done with a little flair.

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Full Question:

Although part of your question is missing, you might be referring to this full question:

As a project manager, you email all team members requesting their feedback on processes and their preferred method of collaboration. Which aspect of effective team building does this scenario demonstrate?

Answers

Prioritize tasks

Listen and ask questions

Celebrate team success

Promote psychological safety

Based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.

To determine whether the training has improved the typist's speed significantly, we can perform a hypothesis test using the given information. We will use a significance level of 0.05, which means that we are willing to accept a 5% chance of making a Type I error (incorrectly concluding that the training has improved the speed when it actually hasn't).

Let's set up the null and alternative hypotheses:

Null hypothesis (H0): The training has not improved the typist's speed. μ = 50 words/minute.

Alternative hypothesis (H1): The training has improved the typist's speed. μ > 50 words/minute.

To test these hypotheses, we can perform a one-sample t-test since we know the population standard deviation.

The test statistic for a one-sample t-test is given by:

t = (xbar - μ) / (s / √n),

where xbar is the sample mean, μ is the hypothesized population mean, s is the standard deviation, and n is the sample size.

In this case, xbar= 52 words/minute, μ = 50 words/minute, s = 5 words/minute, and n = 36.

Let's calculate the test statistic:

t = (52 - 50) / (5 / √36) = 2 / (5 / 6) = 2 * 6 / 5 = 12 / 5 = 2.4.

Next, we need to find the critical value corresponding to a significance level of 0.05. Since the alternative hypothesis is one-sided (μ > 50), we will find the critical value from the t-distribution with degrees of freedom (df) equal to n - 1 (36 - 1 = 35) and a one-tailed significance level of 0.05.

Using a t-table or a t-distribution calculator, the critical value for df = 35 and a one-tailed significance level of 0.05 is approximately 1.691.

Since the test statistic (2.4) is greater than the critical value (1.691), we reject the null hypothesis. This means we have sufficient evidence to conclude that the training has improved the typist's speed at a significance level of 0.05.

Therefore, based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.

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Answer:

Operating Machinery

Explanation:

The correct option is - Operating Machinery

Reason -

For a job,

Employers want to make sure you are qualified for the job by having the appropriate degree,

But they also need to know if you have the skill set too.

The top 5 Employment skills are :

So,

Communication , Problem-solving , Working in Teams are examples of an Employability skill

But Operating Machinery is not an employability skill .

Answer:

they can be bad because they can / will confuse people especially the public

In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.

In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.

The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.

Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.

These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.

By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.

This enables businesses to operate efficiently and effectively, contributing to economic growth and development.

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Answer:

In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.

What is the open-door cost of delivering corn?

The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.

This can be found as:

= Units of jewels/Units of corn

= 10/60 jewels

All in all, choice B is right.

Answer:

B) The United States should specialize in corn and trade for diamonds.

Explanation:

I got it right on the test

Answer:

B.) 2,920

Explanation:

The monthly disposable income will be $2,920.Thus the correct option is B.

A tax is referred to a certain amount that is collected by the government of any country from its citizens which is later on used in the development process of the country including building, hospitals, roads and maintaining transportation, and so on.

The calculation for monthly disposable income is

Gross payment=$4000

federal tax= 10%

State tax= 7%

city tax= 3%

Social security=7%

These given rates of tax will be multiplied by the Gross income amount-

($4,000 *0.10)   = 400

($4,000*0.07)    =280

($4,000*0.03)  =  120

($4,000*0.07)  = 280

The sum of these numbers will be

=400+280+120+280

=$1080

Then this amount will be deducted from the gross income

=$4,000-$1080

=$2920

The disposable income is $2920.Therefore, option B is appropriate.

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Answer:

Jeweler should make 6 pins and 3 necklaces to maximize the profit.

Explanation:

Demand for pins is 6 per week and profit is $400

Demand for necklaces is not known and profit is $100

Let x = pins and y = necklaces

The profit maximizing quantity equation will be :

Q = 400x + 100y

Constraints are labor hours and silver availability.

Labor hours available  = 80 hours

Silver availability = 36 ounces

The constraint equation will be :

For labor hours : 8x + 10y ≤ 80

For silver : 2x + 6y ≤ 36

Solving the equation we will get maximum profit which is $2,700 and the quantity it should make is 6 pins and 3 necklaces to maximize the profit.