Answer:
An organisation is a business that has grown so big that it earns a lot of money
Explanation:
2. For the fiscal year of 2017, Excel Sports Inc. had a net income of $255,000 and paid out $51,000 as common dividend. Meanwhile, the retained earnings in its 2017 Balance Sheet was $1,297,000. How much was the retained earnings in its 2016 Balance Sheet
Answer:
$1,093,000
Explanation:
Given the above information, retained earnings in the balance sheet for 2016 would be computed as;
Beginning retained earnings + Net income - Dividends = Ending retained earnings
Fixing in the values, then we'll have
Beginning retained earnings + $255,000 - $51,000 = $1,297,000
Beginning retained earnings = $1,297,000 - $255,000 + $51,000
Beginning retained earnings = $1,093,000
It therefore means that the sum of $1,093,000 is the retained earnings in Excel Sports Inc. 2016 balance sheet.
The best definition of a financial restatement is:________.
a. A company, either voluntarily or under prompting by its auditors or regulators, revises its public financial information that was previously reported
b. An adjustment of financial information due to an error correction
c. A company, either voluntarily or under prompting by its auditors or regulators, revises its public financial information for the current period
d. All are part of the definition
what is operating a vocation? explain with example.
I'm not really sure about that tho
On January 1, 2020, Coronado Industries purchased land for an office site by paying $2650000 cash. Coronado began construction on the office building on January 1. The following expenditures were incurred for construction:
Date Expenditures
January 1, 2020 $1830000
April 1, 2020 2510000
May 1, 2020 4500000
June 1, 2020 4870000
The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3630000 was borrowed on January 1, 2020 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2020 was a $1520000, 12%, 6-year note payable dated January 1, 2020. Assume the weighted-average accumulated expenditures for the construction project are $4360000. The amount of interest cost to be capitalized during 2020 is:_______
a. $509100.
b. $392400.
c. $414300.
d. $454650.
Answer:
D I think because I just think
One’s behavior cannot be affected by one’s subconscious. Please select the best answer from the choices provided T F
Answer:
False.
Explanation:
Operant conditioning can be defined as an associative learning process which involves reinforcing the strength of a behavior. Thus, the outcome depends on the response in operant conditioning.
A reinforcement of a desired behavior involves the process of strengthening a positive behavior being exhibited by an individual through the use of stimulus. Therefore, making the behavior to be exhibited in the future by the individual.
Basically, by reinforcing desired behaviors with rewards, parents, teachers and leaders can help people in building positive norms.
Behavior modification is a therapeutic process that is focused on changing any undesirable negative behavior in an individual through the use of positive or negative consequence and biofeedback.
Behavior modification is typically based on operant conditioning principles, through negative or positive reinforcement, undesirable behaviors developed by an individual are mainly replaced with more desirable ones.
Behavior modification can also be used to correct human behaviors or disorders such as enuresis (bed-wetting), Obsessive-Compulsive Disorder (OCD), generalized anxiety disorder, Attention-Deficit/Hyperactivity Disorder (ADHD), phobias, etc.
Hence, one’s behavior can be affected by one’s subconscious.
Answer:
false
Explanation:
Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 53,000 units per month is as follows:
Per Unit
Direct materials $49.10
Direct labor $9.40
Variable manufacturing overhead $2.40
Fixed manufacturing overhead $19.90
Variable selling & administrative expense $4.40
Fixed selling & administrative expense $21.00
The normal selling price of the product is $112.10 per unit.
An order has been received from an overseas customer for 3,300 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $2.50 less per unit on this order than on normal sales. Suppose there is ample idle capacity to produce the units required by the overseas customer and the special discounted price on the special order is $89.40 per unit. The monthly financial advantage (disadvantage) for the company as a result of accepting this special order should be: _________
a. ($67,000)
b. $22,110
c. $87,780
d. ($55,440)
Answer: $87780
Explanation:
The monthly financial advantage (disadvantage) for the company as a result of accepting this special order will be calculated thus:
Sales = $295020
Less Cost:
Material = $162030
Labor = $31020
Variable manufacturing = $7920
Variable selling = $6720
Total cost = $207240
Financial Advantage = $295020 - $207240
= $87780
Do you think that some people have difficulty talking to others face-to-face because of how prevalent texting is today? When you have an issue that you need to discuss with someone, do you prefer to sit down and talk it out, handle it through texting or social media, or some other form of written communication? Write your response to the following questions in a 5-7 sentence paragraph below (Please help asap)
If an employee's family member is seriously ill, employers are required to allow the employee up to how many weeks off?
Question 2 options:
a) 1
b) 2
c) 8
d) 12
Answer: 12 weeks
Explanation:
If an employee's family member is seriously ill, the employers are required to allow the employee up to 12 weeks off.
According to the Family Medical Leave Act, it should be noted that the individuals who work for the employers who have 50 or more employees can be given about 12 weeks of unpaid leave in a year which they can use to take care of family members that are seriously sick or care for new children or seriously ill family members, or for themselves if they're seriously sick.
The Holdsworth Corporation has purchased an executive jet. The company has agreed to pay $201,100 per year for the next 10 years and an additional $2,011,000 at the end of the 10th year. The seller of the jet is charging 8% annual interest.
Required:
Determine the liability that would be recorded by Jenkins.
Answer:
$2,280,872
Explanation:
The computation of the liability that would be recorded by Jenkins is shown below
= Payment per year × annuity factor at 8% for 10 years + extra amount × discounting factor at 8% and 10 year
= $201,100 × 6.71008 + $2,011,000 × 0.46319
= $1,349,397 + $931,475
= $2,280,872
hence, the liability is $2,280,872
A company has provided the following data from its activity-based costing system related to fixed manufacturing overhead: Activity cost pool Total cost Practical capacity of activity Assembly $65,000 55,000 machine hours Processing $76,000 2,500 orders Inspection $55,000 2,200 inspection hours The company makes 40 units of Product X a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year. The product's direct materials cost is $45 per unit and its direct labor cost is $35 per unit. In the most recent year, 40,000 total machine hours were actually used for the assembly activity. Under the activity-based costing system, the total cost of "unused capacity" related to the assembly activity for the most recent year is closest to: Group of answer choices $15,000.00 $18,980.34 $16,543.49 $17,727.27 $24,375.00
Answer:
Under the activity-based costing system, the total cost of "unused capacity" related to the assembly activity for the most recent year is closest to:
$17,727.27.
Explanation:
a) Data and Calculations:
Activity cost pool Total cost Practical capacity ABC rates
of activity
Assembly $65,000 55,000 machine hours $1.182 /mh
Processing $76,000 2,500 orders $30.40 / order
Inspection $55,000 2,200 inspections $25.00 / inspection
Product X
Number of units made = 40
Machine hours required = 690
Processing orders = 40 orders
Inspection hours = 10 hours
Direct material cost per unit = $45
Direct labor cost per unit = 35
Most recent actual machine hours = 40,000 hours
Unused capacity = 15,000 (55,000 - 40,000)
Total cost of unused capacity = $17,730 (15,000 * $1.182) approx.
Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards.
Standard Quantity Standard Price or Rate Standard Cost
Direct material 6.00 pounds $1.10 per pound $6.60
Direct labor 0.30 hour $6.00 per hour 1.80
Total $8.40
During June, Orion purchased 227,000 pounds of direct material at a total cost of $274,670. The total wages for June were $72,576, 75 percent of which were for direct labor. Orion manufactured 36,000 dartboards during June, using 205,200 pounds of the direct material purchased in June and 11,520 direct-labor hours.
Required:
Compute the following variances for June.
Direct-material price variance ___________ ___________
Direct-material quantity variance ___________ ___________
Direct-material purchase price variance ___________ ___________
Direct-labor rate variance ___________ ___________
Direct-labor efficiency variance ___________ ___________
Answer:
Orion Corporation
Direct material price variance = $22,572 unfavorable
Direct material quantity variance = $71,280 favorable
Direct- labor rate variance = $14,688 favorable
Direct-labor efficiency variance = $1,296 unfavourable
Explanation:
a) Data and Calculations:
Standard Standard Price Standard
Quantity or Rate Cost
Direct material 6.00 pounds $1.10 per pound $6.60
Direct labor 0.30 hour $6.00 per hour 1.80
Total $8.40
Purchase of 227,000 pounds of direct materials = $274,670
Unit price per pound = $1.21
Total wages for June = $72,576
Direct labor costs = $54,432 ($72,576 * 75%)
Direct labor hours = 11,520
Direct labor rate = $4.725 ($54,432/11,520)
Indirect labor costs = $18,144
Number of dart boards manufactured = 36,000
Direct materials used = 205,200
Usage per unit of dart board = 5.7 (205,200/36,000)
Direct material price variance = (Standard price - Actual price) * Actual materials used
= ($1.10 - $1.21) * 205,200
= $22,572 unfavorable
Direct material quantity variance = (Standard quantity - Actual quantity) * Standard rate
= (216,000 - 205,200) * $6.60
= $71,280 favorable
Direct- labor rate variance = (Standard rate - Actual rate) * Actual direct-labor hours
= ($6.00 - $4.725) * 11,520
= $14,688 favorable
Direct-labor efficiency variance = (Standard hours - Actual hours) * Rate
= (10,800 - 11,520) * $1.80
= $1,296 unfavourable
Jonathon Maine is the inventory control manager of the Aucetics Company. In 2020, the annual demand for product X was 7500 units, and the order quantity Q was set to be 535 units per order. Jonathon Maine is planning for next year inventory. The annual demand of product X is expected to remain the same (7500 units per year). Utilizing the EOQ model, if Jonathon changes the order quantity Q to 680 units per order, the total annual ordering cost wil:__________
Answer:
decrease
Explanation:
The ordering quantity for the current year is 535 units, this means that the company must make 7,500 / 535 = 14.02 orders.
If the ordering quantity increases to 680, the number of orders will be 7,500/ 680 = 11.03.
Regardless of how much it costs to place an order, the number of orders made is 3 less than in the previous year, therefore, the ordering costs must decrease.
Write a short paragraph that explains the central idea of the article. Use at least two details from the article to support your response.
The central idea of the article will be the subject that the author of the article is presenting.
How can we identify the central idea of an article?To identify the central idea, it will be necessary for the article to be read.During the reading, the reader will be able to identify the main subject that the article is demonstrating.This subject is developed through arguments or information that the author presents to establish a type of communication with the reader.
You didn't submit the article your question refers to, so it's not possible to answer this question exactly, but I hope the above information can help you.
More information about central ideas at the link:
https://brainly.com/question/1914191
The two most common types of accounts to manage your money are _________ and __________.
A. principal and savings accounts
B. online banking and checking accounts
C. checking and savings accounts
D. CD's and stocks
Answer:
c, checking and saving accounts
Which of the following distinguishes mediation from negotiation? Group of answer choices vested authority with a third party deciding the outcome of the dispute seeking a win-win outcome for involved parties being faster than litigation involved parties working toward a mutually acceptable solution involving a third party
Answer:
The correct answer is the last option: Involving a third party.
Explanation:
To begin with, the major difference between the terms of negotiation and mediation is that in the last one there is a third party involved that seeks for the most quickly and benefitial deal for the both parties that are discussing, while in the negotiation there is not a third party and the two parties existing seeks for their own benefits, even if that means to harm the other person in the process of getting the best for one of them. That is why that the mediation needs to use a third party that has to be impartial to the situation and only wants the best for the parties in the conflict.
A certain item cost Tshs 235 per ton. the monthly requirements are 5 tons and each time the stock is replenished. There is step up of Tshs 1000. the costs of carrying inventory has been estimated at 10% of the value of the stock per year. (a) what is the optimal order quantity? (b) what is the optimal total costs? (c) determine the optimal time between to order. (d) what is the optimal number of order?
Answer:
Russian Roulete
Explanation:
The following information is available for Tamarisk Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier $33,000 Acquisition of equipment for cash 12,000 Proceeds from the sale of long-term investment at book value 25,000 Issuance of common stock for cash 21,800 Depreciation expense 25,000 Redemption of bonds payable at carrying (book) value 38,100 Payment of cash dividends 6,500 Net income 33,500 Purchase of land by issuing bonds payable 40,800 In addition, the following information is available from the comparative balance sheet for Tamarisk at the end of 2022 and 2021: 2022 2021 Cash $165,000 $91,000 Accounts receivable (net) 33,500 17,200 Prepaid insurance 19,900 13,600 Total current assets $218,400 $121,800 Accounts payable $34,400 $18,400 Salaries and wages payable 6,200 7,300 Total current liabilities $40,600 $25,700 Prepare Tamarisk's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
TAMARISK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flow From Operating Activities Net Income Adjustments to reconcile net income to S $
Answer:
Let me give you an example of a segment addition problem that uses three points that asks the student to solve for x but has a solution x = 20.
First, I assumed values for each x, y and z and then manipulated their coefficients to get the total at the end of each equation.
20 + 10 +30 = 60
40 + 0 + 40 = 80
40 + 10 = 50
Then exchangeing these numbers into values and we have the following equation.
x + 2y + 3z = 60
2x + 4z = 80
2x + z = 50
If you will solve them m bcccbvqcve2anually by substituting their variables into these equations, you can get
x = 20
y = 5
z = 10
Explanation:
A product has an annual demand of 18,930 units. The unit price is $60 each and the ordering cost is $93. The store uses a yearly inventory holding cost of 34% of the unit price. They have decided to order 38 units every time they order, instead of the EOQ amount. What is the total annual cost of purchasing 38 units per order (purchasing, ordering, and holding)
Answer:
The total annual cost of purchasing 38 units per order (purchasing, ordering and holding) is:
= $1,568,301.
Explanation:
a) Data and Calculations:
Annual demand = 18,930 units
Unit price = $60
Total purchasing cost = $1,135,800 ($60 * 18,930)
Ordering cost is $93 per order
Total ordering cost = $46,329 ($93 * (18,930/38))
Annual Holding cost = 34% of the unit price = $20.40 ($60 * 34%)
Total holding cost = $386,172 ($20.40 * 18,930)
The total annual cost:
Total purchasing cost = $1,135,800
Total ordering cost = $46,329
Total holding cost = $386,172
Total annual cost = $1,568,301
A broker-dealer and its agent are registered in State A. The agent tells a customer in State A that he is prohibited from making an offer of a security in that State because the security is not registered in State A and the security is non-exempt. However, he tells the customer that he can accept an offer to buy that security from the client because then the transaction would be exempt. Which statement is TRUE?
Answer:
There is a violation of Uniform State Law because the agent has made an offer to sell an unregistered non-exempt security in that State
Explanation:
The Uniform State Securities Law is also called blue sky law, and they are put in place at the State level to prevent fraud and to enforce security regulation.
This law was set up to handle investments that do not occur at the federal level. These are out of the purview of the SEC so states handle them.
In the given scenario the agent is trying to make a non exempt security exempt by buying it from the client.
This is an attempt to sell the securities to investors through fraudulent means and it is a violation of Uniform State Law
A researcher is interested to know if there is a difference in levels of religiosity between different income groups. The researcher administers a religiosity scale to a total of 15 people: 5 "low income" individuals, 5 "middle income" individuals, and 5 "high income" individuals. The means for each group are as follows:
Group A Low income N=5 Group B Middle Income N=5 Group C High Income N=5
∑X 37 22 43
Mean 7.4 4.4 8.6
∑X2 285 102 381
Answer: Your question is incomplete below is the missing part
missing question : Calculate the between-group sum of squares
Answer : 46.8
Explanation:
Given data :
N = 5 for each group
First step : determine the grand mean value
∑ mean values / number of groups = ( 7.4 + 4.4 + 8.6 ) / 3 = 6.8
Finally the between-group sum of squares
= N ( mean A - Grand mean )^2 + N( mean B - Grand mean)^2 + N( mean C -grand mean )^2
= 5 ( 7.4 - 6.8)^2 + 5( 4.4 - 6.8 )^2 + 5( 8.6 - 6.8 )^2
≈ 46.8
Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and operating a mine in the area:
Cost of new equipment and timbers $500,000
Working capital required 100,000
Annual net cash receipts 120,000
Cost to construct new roads in three years 40,000
Salvage value of equipment in four years 65,000
Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth
The mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company's required rate of return is 20%.
Required:
Determine the net present value of the proposed mining project.
Answer:
Windhoek Mines, Ltd.
The net present value of the proposed mining project is:
= ($232,950).
Explanation:
a) Data and Calculations:
Cost of new equipment and timbers = $500,000
Working capital required = $100,000
Annual net cash receipts = $120,000
Cost to construct new roads in three years = $40,000
Salvage value of equipment in four years = $65,000
Estimated useful life of mine = 4 years
Working capital released in four years = $100,000
Required rate of return = 20%
Cash Flows PV factor Present Value
Cost of new equipment and timbers $500,000 1 -$500,000
Working capital required 100,000 1 -100,000
Annual net cash receipts 120,000 2.589 310,680
Cost to construct new roads in 3 years 40,000 0.579 -23,160
Salvage value of equipment in 4 years 65,000 0.482 31,330
Working capital released in 4 years 100,000 0.482 48,200
Net present value ($232,950)
Problem 9-52 Part-b (Static) b. $800 of interest on a short-term loan incurred in September and repaid in November. Half of the loan proceeds was used immediately to pay salaries and the other half was invested in municipal bonds until November After-tax cost
Answer:
After-tax cost $652
Explanation:
$652 = $800 [1 − (0.5 × 0.370)]. Half of the interest is not deductible because it was used to purchase tax-exempt securities.
Lions Incorporation produces two different products (Product A and Product X) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The activity rate for Machining is $170 per machine hour, and the activity rate for Inspection is $510 per batch. The activity drivers are used as follows:
Product A Product X Total
Machine hours 1,900 3,900 5,800
Number of batches 45 22 67
What is the amount of Machining cost assigned to Product X?
a. $780,000
b. $22,500
c. $380,000
d. $950,000
Answer:
Lions Incorporation
The amount of Machining cost assigned to Product X is:
= $663,000.
Explanation:
a) Data and Calculations:
Product A Product X Total
Activities used Machining Inspection
Activity driver Machine hours Number of batches
Activity rate $170/ mh $510/ batch
Usage of activity drivers:
Machine hours 1,900 3,900 5,800
Number of batches 45 22 67
The amount of Machining cost assigned to Product X:
= 3,900 * $170 = $663,000
In 2019, Henry Jones (Social Security number 123-45-6789) works as a freelance driver, finding customers using various platforms like Uber and Grubhub. He is single and has no other sources of income. In 2019, Henry's qualified business income from driving is $61,200. Assume Henry takes the standard deduction of $12,200. Click here to access the 2019 individual tax rate schedule to use for this problem. Assume the QBI amount is net of the self-employment tax deduction.
Required:
a. Compute Henrys QBI deduction and his tax liability for 2019.
b. Complete Henry's 2019 Form 8995 (Qualified Business Income Deduction Simplified Computation).
Answer:
a. QBI Deduction = $9,800
Tax liability = $4,510
Explanation:
a. The BI deduction in 2019 was 20% of the qualified business income in excess of the standard deduction:
QBI deduction = (61,200 - 12,200) * 20%
= $9,800
We then use this to find the taxable income:
= Qualified business income - standard deduction - QBI deduction
= 61,200 - 12,200 - 9,800
= $39,200
Tax liability for a single person in 2019 as shown by the attached file is:
= 970 + 12% * (39,200 - 9,700)
= 970 + 3,540
= $4,510
b. Form not attached but the main item should be the taxable income which is calculated above.
Describe the life cycle of a product and explain profitability and sales volume at each stage
Answer:
Product Life Cycle: Overview
The product life cycle (PLC) describes a product's life in the market with respect to business/commercial costs and sales measures. It proceeds through multiple phases, involves many professional disciplines and requires many skills, tools and processes.
This is not to say that product lives cannot be extended – there are many good examples of this – but rather, each product has a ‘natural’ life through which it is expected to pass.
The stages of the product life cycle are:
Introduction
Growth
Maturity
Decline
PLC management makes these three assumptions:
Products have a limited life and, thus, every product has a life cycle.
Product sales pass through distinct stages, each of which poses different challenges, problems and opportunities to its parent company.
Products will have different marketing, financing, manufacturing, purchasing and human resource requirements at the various stages of its life cycle.
The product life cycle begins with the introduction stage (see ). Just because a product successfully completes the launch stage and starts its life cycle, the company cannot take its success for granted.
image
Product Development and Product Life Cycle: The Product Life Cycle follows directly after new product development.
A company must succeed at both developing new products and managing them in the face of changing tastes, technologies and competition. A good product manager should find new products to replace those that are in the declining stage of their life cycles; learning how to manage products optimally as they move from one stage to the next.
Product Lifecycle Management Stage 1: Market Introduction
This stage is characterized by a low growth rate of sales as the product is newly launched and consumers may not know much about it. Traditionally, a company usually incurs losses rather than profits during this phase. Especially if the product is new on the market, users may not be aware of its true potential, necessitating widespread information and advertising campaigns through various media.
However, this stage also offers its share of opportunities. For example, there may be less competition. In some instances, a monopoly may be created if the product proves very effective and is in great demand.
Characteristics of the introduction stage are:
High costs due to initial marketing, advertising, distribution and so on.
Sales volumes are low, increasing slowly
There may be little to no competition
Demand must be created through promotion and awareness campaigns
Customers must be prompted to try the product.
Little or no profit is made owing to high costs and low sales volumes
Growth
During the growth stage, the public becomes more aware of the product; as sales and revenues start to increase, profits begin to accrue.
Explanation:
Vandelay Industries' VP of support wants an automated way to notify the support team when an unresolved case has been open for over six hours. Which feature should be used to alert support managers when a case has been open for more than six hours
Answer:
Escalation rules
Explanation:
Escalation rules are provisions in a software that allows it to reroute a case that meets certain criteria such as number of hours it stays open and unresolved.
Escalation rules are used on software Salesforce CRM package to escalate cases that need attention.
In the given instance where the Vandelay Industries' VP of support wants an automated way to notify the support team when an unresolved case has been open for over six hours, escalation rules can be used to alert support managers.
Granite Enterprises acquired a patent from Southern Research Corporation on January 1, 2021, for $4.1 million. The patent will be used for five years, even though its legal life is 20 years. Rocky Corporation has made a commitment to purchase the patent from Granite for $180,000 at the end of five years. Compute Granite's patent amortization for 2021, assuming the straight-line method is used.
Answer:
the patent amortization expense for the year 2021 is $231,000
Explanation:
The computation of the patent amortization is shown below:
= (Acquired value of the patent - ending value) ÷ legal life
= ($4,800,000 - $180,000) ÷ 20 years
= $231,000
We simply applied the above formula so that the correct value could come
Hence, the patent amortization expense for the year 2021 is $231,000
Record the journal entry that would be made by a nongovernmental, not-for-profit organization involved in medical research.
a. The entity received $1,500 in cash contributions. Of that amount, $1,000 is to be used for medical resear.
b. The entity received pledges of $700,000 for its endowment fund. All pledges will be collected next year.
c. The entity received donated services of $1,200 from medical researchers who helped with the entity's on-going drug development research. It also received $300 in donated services from students, who helped clean the research facilities.
d. The entity paid medical research operating expenses of $5,000 that were related to restricted net assets it had received in prior years.
Answer:
S/n Journal Entry Debit Credit
1 Cash $1,500
Contributions-Unrestricted $500
Contributions-Temporarily Restricted $1,000
2 Pledges Receivable $700,000
Contributions-Permanently Restricted $700,000
3 Medical Research Program Expenses $1,200
Contributions-Unrestricted $1,200
4 Medical Research Program Expenses $5,000
Cash $5,000
Net Assets Release - Satisfaction of $5,000
Program Restrictions - Temporarily
Restricted
Net Assets Released- Satisfaction of $5,000
Program Restrictions-Unrestricted
Now let's assume this monopoly splits into a duopoly - and everything (production, costs, profits, and so forth) will be split right down the middle between the two firms. Under this agreement each firm will make $__________ in profits.
Answer: hi some parts of your question is missing attached below is the missing table
answer : $17,000
Explanation:
when we split ( Monopoly splits to duopoly )
Maximum profit price = $14
because at $14 ; MR ( marginal revenue ) = MC ( marginal cost ) = 18,000
Maximum profit quantity = 7000
Hence Profit by both firms = TR - TC ( Total cost )
= ( 14 * 7000 ) - 64000 = $34000
∴ profit by each firm = 34,000 / 2 = $17,000
Sheryls's business sells a single product. The following information was gathered from Sheryls's records: Price $97.00 per unit Variable costs are 67% of sales price The company's fixed costs are $400,000 annually Current sales total is 16,000 units Target profit before tax $33,000 Budgeted sales total is 15,000 units How many units does Sheryls's business need to sell to break even
Answer:
12,497 units
Explanation:
Break even unit = Fixed Cost ÷ Contribution per unit
= $400,000 ÷ $97.00 x 33%
= 12,497 units
Sheryls's business need to sell 12,497 units to break even