A credit to Rent Expense (A) would not be included in a closing entry.
Closing entries are made at the end of an accounting period to transfer the balances of temporary accounts, such as revenues and expenses, to the retained earnings account. The purpose of the closing entries is to reset the temporary accounts to zero in order to start the next period with a clean slate.
Rent Expense is an example of an expense account, which is a temporary account. Therefore, it should be closed out at the end of the accounting period. However, since Rent Expense is an expense account, its balance should be debited in the closing entry to transfer its balance to Retained Earnings. A credit to Rent Expense would be incorrect and would not be included in a closing entry. Therefore, the correct answers is A.
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_____ should ultimately be the focus of any outsourcing or insourcing decisions made by a company.
Any decision a firm makes regarding outsourcing or insourcing should ultimately be centered on the consumer.
An individual or business that purchases goods or services from another company is known as a customer. Customers are crucial to businesses because they generate income; without them, they would cease to exist. All organizations compete with one another to draw clients, whether through aggressive product promotion, price reductions to increase clientele, or the creation of distinctive goods and experiences that clients adore. Customers are the people and companies who buy goods and services from another firm. Consider Apple and Tesla.
Some companies pay great attention to their customer connections to find methods to enhance their products and services in order to better understand how to suit the needs of their customers.
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Which of the following is NOT an example of a job skill?
A. attending work every day
B. being good with computers
C. being creative
D. working well in groups
Answer:
attending work everyday
Explanation:
Its not a skill its a priority.
Some examples of a job skill are being good with computers, being creative or working well with a team but attending work every day is not a skill. Therefore a is correct here.
Why do job skills matter?Job skills are important because they are those collections of skills that can help a person to complete a work. There are various kinds of work skills such as workplace skills, technical skills, transferable skills etc.
Workplace skills are those personal skills that ensure that we do our job well, for instance, teamwork. Technical skills are those skills that are required for a specific job such as coding. And transferable skills are those skills which we take from one job to another.
Some of the skills required are communication, change management, professional development, storytelling, planning, influencing, decision-making, problem-solving, and human resources.
Job seekers should always be ready to learn new skills because employers prefer such employees.
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is it possible to have publicity on your own website why or why not
Yes it is possible for you to have publicity on your website.
Is it possible to have publicity on your own website why or why not?
Yes, it is possible to have publicity on your own website. Publicity refers to any form of promotion or advertising, and a website can be used as a platform to promote and advertise a business, product, or service. By having a website, you can create content such as articles, videos, images, and infographics that can be used to showcase your products or services and attract visitors to your site.
Additionally, you can also use various digital marketing techniques such as search engine optimization, pay-per-click advertising, social media marketing, and email marketing to promote your website and attract more visitors. In summary, having a website gives you a powerful platform to promote your business and attract potential customers.
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Hello, I would like to re confirm if the below exercises are
correct because I will have the test tomorrow, please kindly help
me and thanks a lot for your help and your time!
(1) [infinity]/6 = [infinity]
6/[infinity] =
The value of the first exercise, [infinity]/6 = [infinity], is an indeterminate form. In mathematics, division by infinity does not have a known outcome.
What is the correct solution for the first exercise, [infinity]/6 = [infinity]?The first exercise, [infinity]/6 = [infinity], is an indeterminate form and does not have a defined value. Division by infinity does not yield a specific result in mathematics.
In such cases, we need to consider the limit of the expression. By applying the concept of limits, we can say that as the numerator approaches infinity and the denominator remains finite, the result will be infinity.
Therefore, we can state that [infinity]/6 approaches infinity.
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Explain the changes in economic systems and labor systems from 1450 to 1750. (Unit 4.4)
Despite the influence of European powers, economic systems like the Indian Ocean Trade Network and the Mit'a System mostly remained unchanged from 1450 to 1750.
However, Europeans also brought new types of labour to the Americas, notably the Hacienda System and chattel slavery.
Existing trade networks in the Indian Ocean continued to thrive and included intra-Asian trade and Asian merchants (such Swahili Arabs and Omanis), despite considerable disruption and reorganisation brought on by the advent of Portuguese, Spanish, and Dutch merchants.
In the Americas, newly established colonial economies relied heavily on agriculture and made use of pre-existing labour arrangements.
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4. As a result of the Covid pandemic, the management of FeiFei plc (F) are discussing with the executive workers union Emsa (E), the introduction of more flexible working practices to help increase profits. In return for accepting the new working practices, E are negotiating an increase in salaries. In these negotiations, E are attempting to maximise salaries and F are attempting to maximise their profits. Both F and E realise that they can each employ one of three negotiating strategies, and the profit/salary increase (%) depends upon the strategy employed by both F and E as follows:
E's Strategy
E1
E2
E3
F1
(5,6)
(6,8)
(2,7)
F's
F2
(5,4)
(8,5)
(2,6)
Strategy
F3
(5,3)
(8,3)
(3,4)
(If F employs F1 and E employs E1 then profits will increase by
5% and salaries will increase by 6%)
(a) Determine the likely outcome of these negotiations and explain how a more optimal outcome for both F and E might be achieved.
(300 words maximum) (35 marks)
The management of FeiFei plc (F) is also attempting to renegotiate a deal for the cost of its raw materials from Hippo plc (H). The price that F will pay and the amount that H will receive per unit of raw material (£) depends upon the strategies they both adopt as follows:F's Strategy
F4
F5
F6
H1
8
12
4
H's
H2
10
6
11
H3
10
14
8
Strategy
(If H employs H1 and F employs F4 then H will receive £8 per unit for the raw material and F will pay £8 per unit for the raw material).
(b)
(c)
Discuss why H3, F4 might appear to be a 'solution' to these negotiations and explain why it is unlikely to be achieved in practice.
(250 words maximum) (25 marks)
Determine the optimal strategy for both H and F in these negotiations and the amount which F can expect to pay for the raw materials. Explain the method
adopted at each stage of these calculations.
(300 words maximum) (40 marks)
The outcomes, represented as (profit increase, salary increase), indicate that the most favorable outcome for both F and E is when F employs strategy F2 and E employs strategy E2, resulting in a profit increase of 8% and a salary increase of 8%.
By analyzing the possible strategies and their corresponding outcomes, it becomes clear that F2 and E2 offer the highest gains for both parties. However, to achieve a more optimal outcome, F and E could employ cooperative negotiation strategies. This approach would involve open communication, compromise, and finding a mutually beneficial solution that balances profit maximization for F and salary maximization for E. By focusing on long-term sustainability and growth, both parties can work together to create a win-win situation that addresses their respective objectives.
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.Others at work see me as assertive. need answers for application
Answer:
yes
Explanation:
It is an ability to defend your rights without hurting those of others. An assertive person, therefore, is the one who can express his emotions, needs, and opinions to others without being forceful in any way
how do you the accounting equation
Answer:
1. Assets = Liabilities + Owner Equity.
2. Liabilities = Assets - Owner Equity.
3. Owner Equity = Assets - Liabilities.
Jack wanted a new pair of Nike sneakers that were in sale for 45% off of the original price of $65.
What was the new sale price of the shoes after the discount?
DETAILS MY NOTES ASWMSCI15 1.E.012. The O'Neill Shoe Manufacturing Company will produce a special-style shoe if the order size is large enough to provide a reasonable profit. For each special-style order, the company incurs a fixed cost of $2,500 for the production setup. The variable cost is $55 per pair, and each pair sells for $80. (a) Let x indicate the number of pairs of shoes produced. Develop a mathematical model for the total cost (C) of producing x pairs of shoes. C = (b) Let P indicate the total profit. Develop a mathematical model for the total profit realized from an order for x pairs of shoes. P = (c) How large must the shoe order be before O'Neill will break even? X =
To break even, the order size for special-style shoes must be 100 pairs.
The O'Neill Shoe Manufacturing Company incurs fixed costs of $2,500 for production setup and variable costs of $55 per pair when producing special-style shoes. Each pair sells for $80. To determine the break-even point, we need to find the order size at which the company's total revenue equals its total costs.
(a) The total cost (C) of producing x pairs of shoes consists of the fixed cost ($2,500) plus the variable cost per pair ($55) multiplied by the number of pairs produced (x). The mathematical model for the total cost is:
C = $2,500 + $55x.
(b) The total profit (P) realized from an order for x pairs of shoes is calculated by subtracting the total cost (C) from the total revenue. Since the selling price per pair is $80, the mathematical model for the total profit is:
P = ($80 * x) - ($2,500 + $55x).
(c) To determine the break-even point, we need to find the order size (x) at which the total profit (P) is zero. Setting P equal to zero and solving the equation, we find:
0 = ($80 * x) - ($2,500 + $55x).
Simplifying the equation, we can solve for x:
$80x - $2,500 - $55x = 0.
$25x = $2,500.
x = $2,500 / $25 = 100 pairs.
The O'Neill Shoe Manufacturing Company will break even when the order size for special-style shoes is 100 pairs. This means that the company needs to receive an order of at least 100 pairs to cover all the costs and reach a point where the total revenue equals the total costs, resulting in zero profit or loss.
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what is the payback period for the following proposed capital budgeting project: year cash flows 0 -1,000,000 1 200,000 2 400,000 3 300,000 4 500,000
The payback period for this proposed capital budgeting project is 3.2 years. This means that it takes 3.2 years for the project to recover the initial investment of 1,000,000.
The payback period is a capital budgeting metric used to evaluate the time it takes for an investment to generate an amount equal to the initial cost, and it helps in assessing the risk associated with a project. In your case, we have the following cash flows:
Year 0: -1,000,000
Year 1: 200,000
Year 2: 400,000
Year 3: 300,000
Year 4: 500,000
To calculate the payback period, we need to track the cumulative cash flows and determine when the project breaks even:
Year 1: -1,000,000 + 200,000 = -800,000
Year 2: -800,000 + 400,000 = -400,000
Year 3: -400,000 + 300,000 = -100,000
Year 4: -100,000 + 500,000 = 400,000
The payback period occurs between Year 3 and Year 4. To determine the exact payback period, we can use the following formula:
Payback Period = 3 + (100,000 / 500,000) = 3 + 0.2 = 3.2 years
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If running a cable tv ad seven times daily for a week generated 1,800 ticket sales, how long should the stadium run the cable ad in order to reach a target of 27,000 tickets?
Answer:
15 weeks
Explanation:
They run the add 7 times per 1 day for a week (7 days) which makes $1,800
1800/7=257.14 /7 again for 7 times that day =$36.73
They make $36.73 per one ad.
1800*15=27,00 so it would take 15 weeks to sell the 27,000 tickets
what are the strengths and weaknesses of carlos ghosn’s approach to change leadership at nissan? to what extent has he succeeded in mobilizing adaptive behavior on the part of employees? using the core tasks of leadership (exhibit 8‐1), evaluate ghosn’s change leadership at nissan. what are the beliefs and values of ghosn concerning leadership and change? show how those beliefs and values have been enacted at his various leadership positions. has ghosn "walked the talk" on his leadership style, that is, aligned his actions with his words?
Carlos Ghosn's approach to change leadership at Nissan had strengths such as his decisive and aggressive management style, ability to implement drastic cost-cutting measures, and focus on accountability.
However, it also had weaknesses, including a centralized decision-making process, cultural clashes, and a lack of long-term sustainability.
Ghosn succeeded in mobilizing adaptive behavior to a significant extent, as he successfully turned around Nissan's financial performance and instilled a sense of urgency and discipline among employees.
Using the core tasks of leadership (exhibit 8-1), Ghosn's change leadership at Nissan can be evaluated. He effectively communicated a compelling vision for change, aligned the organization's structure and systems with the desired change, motivated employees through performance incentives, and managed the change process through rigorous monitoring and control.
Ghosn's beliefs and values concerning leadership and change emphasized the need for bold decision-making, accountability, and driving results. These beliefs were evident in his various leadership positions, such as his successful turnaround of Renault and Nissan.
In terms of aligning actions with words, Ghosn faced controversy and legal issues related to financial misconduct, which raised questions about his integrity and ethical conduct. These actions contradicted the values he espoused, and it can be argued that he did not consistently "walk the talk" on his leadership style.
Carlos Ghosn's change leadership at Nissan had strengths in terms of his decisive management style and ability to drive results, but it also had weaknesses related to centralized decision-making and sustainability. He succeeded in mobilizing adaptive behavior to a significant extent, but his actions related to financial misconduct called into question the alignment between his words and actions. Overall, while Ghosn made significant changes at Nissan and achieved short-term success, there are aspects of his leadership approach and conduct that warrant critical evaluation.
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(a) A MRO is planning for repairing landing gear arms, which requires digital machining. Since the landing gear arms are in irregular shape.
(i) What are the TWO types of touch probe using in CNC machining centre.
(ii) What type of automatic touch probe is suitable for this job?
(iii) State the FOUR levels of process control of an automatic probing system and ONE application example for EACH of the control level.
(b) List THREE application examples of Micro EDM Milling.
(a) (i) There are two types of touch probes used in the CNC machining center. These are the automatic and the manual touch probe. Automatic touch probes automatically measure a workpiece's dimensions, while manual touch probes require an operator to perform the measuring function.
(ii) The type of automatic touch probe suitable for the job is Renishaw Probing System. This touch probe is suitable for the job because it is a robust and flexible system that enables workpiece and tool measurements in all dimensions.
(iii) The four levels of process control of an automatic probing system and one application example for each of the control levels are as follows:-
Entry-Level - The entry-level of the probing system control is responsible for basic inspections. For instance, inspecting if the workpiece is present before proceeding to start production or ensuring the presence of the correct workpiece. This level of control improves efficiency and minimizes scrap rates. An application example is using an entry-level control to ensure the presence of a workpiece.-Basic-Level - The basic level of the probing system control is responsible for more detailed measurements and part alignments. For instance, ensuring workpiece accuracy and conducting geometrical tests. This level of control also improves efficiency and reduces scrap rates. An application example is using a basic-level control to ensure the accuracy of a workpiece.-Professional-Level - The professional level of the probing system control is responsible for automated inspections. For instance, a dimensional inspection of parts, surface roughness measurement, and feature detection. This level of control minimizes inspection time and operator error. An application example is using a professional-level control for surface roughness measurement.-Premium-Level - The premium level of the probing system control is responsible for high-precision measurements and automated process control. For instance, it ensures precision drilling and accurate thread cutting. This level of control minimizes operator intervention and reduces error rates. An application example is using a premium-level control for high-precision measurement.
(b) The three application examples of Micro EDM Milling are as follows:
1. Micro-Mold Making - Micro EDM Milling can be used for making micro-molds, and the molds can be used for the production of small and precise components.
2. Micro-Channel Making - Micro EDM Milling can be used for making micro-channels on workpieces, and the channels can be used for the flow of fluids, such as in microfluidics.
3. Micro-Hole Drilling - Micro EDM Milling can be used for drilling micro-holes with diameters ranging from tens of microns to several hundred microns. These holes are crucial in various fields such as medicine and aerospace.
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ABC Corporation sold the following in the current year. LandMachine Proceeds$200,000$40,000 Cost Basis$180,000$50,000 Accumulated Depreciationn/a$26,000 Adjusted Tax Basis$180,000$24,000 Gain $20,000$16,000 What is ABC Corporation's net Section 1231 gain
The net Section 1231 gain for ABC Corporation is $20,000 + $16,000 = $36,000.
ABC Corporation's net Section 1231 gain is the total gain generated from the sale of Section 1231 assets minus any losses. In this case, ABC Corporation sold two Section 1231 assets: Land and Machine.
The gain generated from the sale of Land is $20,000. The adjusted tax basis for Land is $180,000 and the proceeds from the sale are $200,000. This means that the sale of Land has resulted in a net gain of $20,000.
The gain generated from the sale of Machine is $16,000. The adjusted tax basis for Machine is $24,000 and the proceeds from the sale are $40,000. This means that the sale of Machine has resulted in a net gain of $16,000.
To calculate ABC Corporation's net Section 1231 gain, we need to add the net gains from both Land and Machine. Therefore, the net Section 1231 gain for ABC Corporation is $20,000 + $16,000 = $36,000.
It's important to note that Section 1231 assets are assets used in a trade or business, and they include real estate, depreciable property, and livestock. The net Section 1231 gain is treated as a long-term capital gain, which is taxed at a lower rate than ordinary income.
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select all that apply which of the following is/are true about the impact of variability on managing processes? multiple select question. customers understand that process variability occurs and accept that delays are inevitable. variability in processes can make planning and managing the process more challenging. process variability can lead to product delays and shortages, which can lead to a damaged company reputation.
Option B is correct. Variability in processes can make planning and managing the process more challenging. Process variability can lead to product delays and shortages, which can lead to a damaged company reputation.
What is process variability?Process variability highlights the underlying variations and oscillations in a process's outcome. A number of things, including variances in building ingredients, logistics planning, human mistake, or ecological factors, might contribute to it. Process variability can cause problems including delays, faults, and higher costs while also affecting a process's effectiveness, efficiency, and quality. To maintain quality and consistency of output, businesses must track and manage process variability. To recognize and minimize process variability, strategies like Statistical Process Control (SPC) and Six Sigma can be applied.
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costa company has a capacity of 40,000 units per year and is currently selling 35,000 for $400 each. barton company has approached costa about buying 2,000 units for only $300 each. the units would be packaged in bulk, saving costa $20 per unit when compared to the normal packaging cost. normally, costa has a variable cost of $280 per unit. the annual fixed cost of $2,000,000 would be unaffected by the special order. what would be the impact on profits if costa were to accept this special order? question 11 options: profits would increase $40,000. profits would increase $60,000. profits would decrease $200,000. profits would increase $80,000
If Costa were to accept this special order there would be an increase of $80,000. Hence, the correct choice of response for this question would be option (d).
Give a brief account on Marginal Production.When all other units remain constant, marginal production is the additional output that a business produces by adding one additional labor unit. You can expand the quantity of product you create by introducing additional production elements. The marginal product is the increased productivity attained by adding more than one work unit. In order to make decisions, identify chances for production improvement, and calculate the marginal revenue product of labor, it is crucial to understand marginal production in business operations.
To solve the question :
As we know that fixed costs are not affected by this special order, we will not consider the annual 2,000,000 outlay. We will only be concerned with our MC and MR in order to determine our additional profit or loss.
Step 1 : Calculate the margin per unit on this special order:
Selling price = $300
Typical Unit Cost = $280
Savings from bulk packaging = $20 per unit
New Cost per unit = (Typical Unit Cost - Savings for bulk packaging)
= $280 - $20
= $260 per unit
Profit per unit = (selling price - new cost per unit)
= $300 - $260
= $40 per unit
Now, we need to multiply our profit per unit by the amount of units in the special order:
= 2,000 x $40
= $80,000 increase
Hence, there is an increase of $80,000.
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the short-run supply curve for a firm in a perfectly competitive market is
Answer: The portion of its marginal cost curve that lies above its minimum average variable cost.
Explanation:
The firm start producing if the price is above min(AVC) and the marginal cost is a schedule of suppliers willingness to supply at the minimum price so the suppliers start supply above min(AVC) on MC so the supply curve is the portion of MC curve that is above min(AVC).
The short-run supply curve for a firm in a perfectly competitive market is :
The part of the marginal cost curve that exceeds the minimum average variable cost. The company starts production when the price exceeds the minimum (AVC), and the marginal cost is the supplier's willingness to deliver at the lowest price so that the supplier starts shipping above the minimum (AVC) in MC. Is a list of. Share. The MC curve above min (AVC).Learn more :
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the range over which the assumed cost relationship is valid for the normal operations of a firm is known as the
The range over which the assumed cost relationship is valid for the normal operations of a firm is known as the relevant range.
This refers to the range of activity levels in which a company can accurately predict its costs.
The relevant range is crucial in cost accounting, as it helps businesses determine the most cost-effective levels of production, and thus, the optimal pricing strategy.
Operating outside of the relevant range can lead to inaccurate cost assumptions, making it difficult for companies to make informed decisions about their operations.
Therefore, it is essential for businesses to regularly reassess their relevant range as their operations and activities change over time.
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Which of the following is NOT a part of reviewing and revising the financial plan?
-developing an action plan which identifies ways to achieve the goals
-regularly assessing the financial decisions
-taking a complete review of finances at least once a year
-making priority adjustments which will being financial goals in like with current life situation
Answer:
Developing an action plan which identifies ways to achieve the goals.
Explanation:
Reviewing & Revising the Plan
Involves:
regularly assessing the financial decisions
taking a complete review of finances at least once a year
making priority adjustments which will bring financial goals in line with current life situation
Is every alternative choice making can be counted upon as decision making?
.
The answer of this question is No...
Bird Enterprises has no debt. Its current total value is $48 million. Assume debt proceeds are used to repurchase equity. a. Ignoring taxes, what will the company’s value be if it sells $18.9 million in debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, round your answer to the nearest whole number, e.g., 1,234,567.) b. Suppose now that the company’s tax rate is 25 percent. What will its overall value be if it sells $18.9 million in debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)
If Bird Enterprises sells $18.9 million in debt and ignores taxes, its value will increase to $66 million.
Currently, Bird Enterprises' total value is $48 million, and it has no debt. If it sells $18.9 million in debt, this will increase its value. To calculate the new value, we can use the formula:
New Value = Current Value + Debt Proceeds
New Value = $48 million + $18.9 million
New Value = $66.9 million
However, we need to round the answer to the nearest whole number, so the new value will be $66 million.
Now, if we consider taxes, the new value will be different. If the company's tax rate is 25%, it will have to pay taxes on the interest payments it makes on the debt. To calculate the new value, we can use the formula:
New Value = Current Value + (Debt Proceeds x (1 - Tax Rate))
New Value = $48 million + ($18.9 million x (1 - 0.25))
New Value = $48 million + $14.175 million
New Value = $62.175 million
Rounding the answer to the nearest whole number, the new value will be $62 million. So, with taxes taken into account, Bird Enterprises' value will increase to $62 million if it sells $18.9 million in debt.
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Ocean Company sells two types of computer chips. The sales mix is 30% (Qwik) and 70% (QSlow). Qwik has variable costs per unit of $36 and a selling price of $60. QSlow has variable costs per unit of $42 and a selling price of $78. Ocean's fixed costs are $540,000. How many units of Qwik would be sold at the break-even point (BEP units)? (Hint: compute overall BEP, then proceed further and round off answer)
A)
5,063
B)
5,869
C)
9,000
D)
11,813
Overall BEP (units) = $540,000 / Weighted average contribution margin per unit
To find the break-even point (BEP) in units for Qwik, we need to determine the overall break-even point and then multiply it by the sales mix percentage for Qwik.
First, let's calculate the overall break-even point in units. The formula to calculate the break-even point is:
BEP (units) = Fixed costs / Contribution margin per unit
To calculate the contribution margin per unit, we subtract the variable cost per unit from the selling price per unit.
For Qwik:
Selling price per unit = $60
Variable cost per unit = $36
Contribution margin per unit (Qwik) = Selling price per unit - Variable cost per unit
= $60 - $36
= $24
For QSlow:
Selling price per unit = $78
Variable cost per unit = $42
Contribution margin per unit (QSlow) = Selling price per unit - Variable cost per unit
= $78 - $42
= $36
Now, let's calculate the overall break-even point:
Overall BEP (units) = Fixed costs / Weighted average contribution margin per unit
To calculate the weighted average contribution margin per unit, we need to consider the sales mix percentages:
Weighted average contribution margin per unit = (Contribution margin per unit (Qwik) * Sales mix percentage (Qwik)) + (Contribution margin per unit (QSlow) * Sales mix percentage (QSlow))
Sales mix percentage (Qwik) = 30%
Sales mix percentage (QSlow) = 70%
Weighted average contribution margin per unit = ($24 * 0.30) + ($36 * 0.70)
Now, substitute the values into the overall BEP formula:
Overall BEP (units) = $540,000 / Weighted average contribution margin per unit
Finally, multiply the overall BEP by the sales mix percentage for Qwik to find the BEP units for Qwik:
BEP units (Qwik) = Overall BEP (units) * Sales mix percentage (Qwik)
Calculate the values to find the BEP units for Qwik. Round off the answer to the nearest whole number.
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Everywhere Sports is a retail store supplying sporting equipment to community sports clubs. Information about the store’s operations is as follows:
■ October sales amounted to $400 000.
■ Sales are budgeted at $440 000 for November and $400 000 for December.
■ Receipts are expected to be 60 per cent in the month of sale and 38 per cent in the month following the sale. Two per cent of sales receipts are expected to be uncollectable.
■ Cost of sale is 60% of the sale price. All goods are purchased in the month of sale while payment is made in the month following the purchase.
■ Other monthly expenses paid in cash amount to $45 200.
■ Annual depreciation expense is $32 000.
By understanding these aspects of Everywhere Sports' operations, the company can assess its sales, cash flow, and profitability. These details are important for financial planning, budgeting, and decision-making processes to ensure the store's financial stability and success.
Based on the given information about Everywhere Sports' operations, we can explain the following:
Sales and Receipts:
In October, the sales amounted to $400,000.
For November, the budgeted sales are $440,000, and for December, the budgeted sales are $400,000.
Receipts are expected to be 60% in the month of sale, which means that 60% of the sales revenue is expected to be received in the same month the sales occur.
Additionally, 38% of the sales revenue is expected to be received in the month following the sale.
It is also mentioned that 2% of the sales receipts are expected to be uncollectible.
Cost of Sale:
The cost of sale is stated to be 60% of the sale price. This means that 60% of the sales revenue is attributed to the cost of acquiring the goods sold.
According to the information provided, all goods are purchased in the month of sale while payment is made in the month following the purchase.
Other Monthly Expenses:
There are other monthly expenses paid in cash, which amount to $45,200. These expenses are likely to include various operating costs such as rent, utilities, salaries, and other expenses necessary for the store's operations.
Annual Depreciation Expense:
Everywhere Sports incurs an annual depreciation expense of $32,000. Depreciation represents the allocation of the cost of the store's long-term assets over their useful lives. This expense reflects the wear and tear or obsolescence of the store's assets, such as equipment, fixtures, or buildings, over time.
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A borrower might benefit from what program if they decide to work for either a nonprofit hospital or a public health organization?
A borrower can benefit from the Public Service Loan Forgiveness program if they choose to work for a non-profit hospital or public health organization.
What types of loans can receive a public service waiver?Some types of direct loans, such as the Federal William D. Ford Direct Loan Program qualify for the program, but it is essential to pay attention to the requirements to have the application approved, as the approval rate is low and many applicants do not fit under the established conditions.
Therefore, to participate in the public service loan forgiveness program, it is necessary for the citizen to be aware of the necessary conditions and, above all, to develop their financial education to allocate their income and expenses effectively.
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On april 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for april legal services was made by the company on may 12. Prepare the required adjusting entry, if any
Answer:
On April 30,
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
On May 12,
Dr Attorney Fee Payables $3500
Cr Cash Account $3500
Explanation:
Okay here the attorney fee is the legal fee expense that was accrued in April and must accounted for as accrued expense. The accounting entry would be increase in payables (Credit) and expense (Debit) as well.
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
Now on May 12, the company paid the expense which means that the legal fee payable was reduced to zero (Reduction in liabilities is always debited) and the cash is also reduced by $3500 (Asset reduction is always credited).
Dr Attorney Fee Payables $3500
Cr Cash Account $3500
an investor would like to achieve monthly income from a mutual fund investment that has the highest level of principal protection available. a suitable recommendation is a
An investor who wants to achieve monthly income from a mutual fund investment with the highest level of principal protection: should consider a money market mutual fund.
A money market mutual fund is a suitable recommendation because it invests in highly liquid, short-term debt securities, such as Treasury bills, commercial paper, and certificates of deposit. These investments have low credit risk and are considered very safe, providing a high level of principal protection.
The fund's objective is to provide investors with a stable share price and current income, typically through monthly dividend distributions. While the returns may be lower than other mutual funds, the risk of losing principal is minimal.
This type of investment can be especially attractive for conservative investors who prioritize capital preservation and seek regular income streams.
In summary, for an investor aiming to achieve monthly income with the highest level of principal protection available, a money market mutual fund is an appropriate recommendation. It offers low credit risk, stable share prices, and monthly dividend distributions that align with the investor's goals.
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The ____ price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the ____ price indicates the price per share at which it will sell the same stock. Ask; bid say on pay; spread spread; say on pay bid; ask
The Bid price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the Ask price indicates the price per share at which it will sell the same stock.
What is the bid and the ask price?In the financial markets, the Bid price and Ask price are the two prices that are most commonly quoted for a security, such as a stock or a bond. The Bid price is the highest price that a buyer is willing to pay for the security, while the Ask price is the lowest price that a seller is willing to accept for the security.
Therefore, the correct answer is "Bid; Ask". The difference between the Bid and Ask price is called the Spread.
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Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office. a. Elementary school teacher b. Administrative support worker c. Instructional designer d. High school principal
Answer:
a. Elementary school teacher
Explanation:
An elementary school teacher refers to an individual who is an educational professional and is typically saddled with the responsibility of developing and implementing lesson plans for students in the classroom.
Basically, an elementary school teacher educate students on vital subjects such as mathematics, english language, verbal studies, quantitative reasoning etc. which forms the foundation of a student's future career, observe, analyze and evaluate the performance of each pupil, coordinate all classroom activities, enforce school and classroom rules etc. All of the aforementioned responsibilities are executed or achieved by walking around the classroom to effectively and efficiently monitor and evaluate the pupils.
In this scenario, Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office.
Hence, the education career which would be the best option for Allesandra, is to work as an Elementary school teacher.
Answer:
a
Explanation:
my school teacher
who is johnny sins?
A - a doctor
B -dentist
C -firefighter
Answer:
A-doctor
Explanation: