Monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence of other monopolistically competitive firms in the industry.
Monopolistic competition arises when several businesses provide rival goods or services that are comparable but imperfect replacements.Entry barriers are low in monopolistic competitive industries, and actions made by one business do not immediately impact those of its rivals. Pricing and marketing choices are how the rival firms set themselves apart.Businesses engaged in monopolistic rivalry distinguish their goods through price and marketing tactics.The expenses or other impediments that prohibit new rivals from joining a market are minimal in monopolistic competition.Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which incorporates aspects of both and entails businesses with comparable but distinct product offers.Learn more about Monopolistic competition, here
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a is the market’s measure of systematic risk. multiple choice beta of 1 beta of 0 standard deviation of 1 standard deviation of 0 variance of 1
'A is the market’s measure of systematic risk in beta of 1.
A market index shows the relationship between a company's market value, measured using the current stock price, and a specific book value, and assesses the risks and returns associated with the company. For more information, see IFRS Balance Sheet Analysis.
The market price of a particular good is the point of convergence of supply and demand for that good. This is an important consideration when calculating consumer surplus, economic surplus, etc.
Market prices for goods or services are subject to revaluation due to fluctuations or shocks in supply and demand factors.
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In the late 1800s, david began selling books door-to-door. To entice purchases from female customers, he would include perfume samples as thank you gifts. When the perfume became more popular than the books, david shifted the focus of his business that lead to his founding of avon. This is an example of a manager viewing his organization as an unfinished, changeable prototype that won’t be ruined by dangerous new ideas. True or false?.
In the late 1800s, david began selling books door-to-door. To entice purchases from female customers, he would include perfume samples as thank you gifts. When the perfume became more popular than the books, david shifted the focus of his business that lead to his founding of avon. This is an example of a manager viewing his organization as an unfinished, changeable prototype that won’t be ruined by dangerous new ideas. True.
What is Business Strategy?Business Strategy is the core idea behind the business and this strategy can be changed through out the life of the business as the business is not supposed to be of a constant selling of a specific goods and or services.
The above scenario provided is the case of the Avon, the seller started selling the books first but then as the seller got more experience. He learned that selling perfume was more profitable and so he changed his strategy and started selling perfumes.
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one benefit for a business of having full-time employees.
Full-time employees can give your company scheduling security, consistency in the flow of goods or services, and overall labor management consistency.
What are the benefits of Full-time employees?Full-time employees can give your company scheduling security, consistency in the flow of goods or services, and overall labor management consistency. Because you won't have to pay as much when there are lulls in workflow or provide healthcare and other benefits, part-time employees can save your business money.
Parental leave and life insurance are two additional perks. A drawback of hiring full-time employees for the business is the requirement to make salary payments even during lean or reduced periods of corporate income. The employee's reduced flexibility for other daily tasks is a drawback.
However, hiring a permanent employee is frequently your best option if you need this particular skill set to be available over the long term. The likelihood that the new hire will stay for the long term will likely increase as a result of their increased sense of loyalty in a permanent position.
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Felicia believes strongly in buying from minority-owned businesses whenever possible. Which term best describes the motivation for her purchasing behavior?.
The terminology which best describes the motivation for Felicia's purchasing behavior is: customer loyalty.
What is a buying process?A buying process can be defined as the sequence of steps that a consumer (customer) would take while making a purchasing decision, usually over the Internet such as the following:
Problem recognition.General need description.Product specification.Supplier search.Proposal solicitation.Supplier selection.Order-routine specification.Performance review.What is customer loyalty?Customer loyalty is also referred to as brand loyalty and it can be defined as a consumer's feeling of commitment to a particular business and its product, marketer, brand name, which typically results in a continuous repeat of purchases or visits in the future.
In conclusion, customer loyalty is a terminology which best describes Felicia's strong belief to buy from minority-owned businesses whenever possible.
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Modern managers may change the definition of from a task you do for a specific time and in a specific place to something you may do anywhere and anytime. True or false?.
when mario found out his company was going to miss its quarterly projections, he immediately sold all of his stock. he told his friends, and they sold their stock too before the price went down. the stock subsequently crashed and lot of people lost a lot of money. this is an example of
It is an example of insider trading as Mario is using inside information for his and his friends benefit.
Insider trading is defined as the acquiring or selling of stock in a publicly listed company by an individual who knows non-public, substance knowledge about that stock. Material nonpublic information refers to any information that has not yet been made public that might have a significant impact on an individual's decision to buy or sell a security.
This type of insider trading is ethically wrong and holds serious punishments, including both fines and imprisonment.
In this case Mario is using, inside information that the company is going to miss out its quarterly projections and will lead to reduction in stock price therefore, he and his friends sell the stock which caused crash in prices and led to loss for many investors.
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An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. approximately how much interest is earned on the investment? a. $724.67 b. $2127.72 c. $720.37 d. $2720.37 please select the best answer from the choices provided a b c d
An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. Interest is earned on the investment is $720.37.
Define compound interest.Compound interest, which is defined as interest on principal plus interest, refers to the practise of adding interest to the principal of a loan or deposit. Instead of paying it out or seeking repayment from the borrower, interest is reinvested, or added to the capital lent, to increase future interest earnings on the principal sum as well as accrued interest. Compound interest is a prominent concept in finance and economics. Simple interest does not compound because, unlike compound interest, it does not raise the principal of the current period with previously earned interest.
The interest per period multiplied by the number of periods in a year yields the simple annual interest rate.
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on may 1, 2021, meta computer, inc., enters into a contract to sell 5,700 units of comfort office keyboard to one of its clients, bionics, inc., at a fixed price of $96,900, to be settled by a cash payment on may 1. delivery is scheduled for june 1, 2021. as part of the contract, the seller offers a 25% discount coupon to bionics for any purchases in the next six months. the seller will continue to offer a 5% discount on all sales during the same time period, which will be available to all customers. based on experience, meta computer estimates a 50% probability that bionics will redeem the 25% discount voucher, and that the coupon will be applied to $57,000 of purchases. the stand-alone selling price for the comfort office keyboard is $19.00 per unit.
Journal entries define how transactions influence accounts and balances and act as a simple record of all transactions that a business makes.
What is meant by Journal Entry?The date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.
1. There are two obligations in this contract
a. keyboard
b. Customer option exists for future discount
2.Cash Dr, $69,700
To Deferred revenue - keyboard $66,215
To Deferred revenue - discount coupon of $3,485
Keyboards = 4,100 × $19 = $77,900
Option = $41,000 × (0.25 - 0.05) × 0.50 = $4,100
Allocation
For keyboard = $77,900 ÷ ($77,900 + 4,100) = 0.95
Deferred revenue Keyboard = $69,700 × 0.95 = $66,215
Option = 4,100 ÷ ($77,900 + 4,100) = 0.05
Deferred revenue - discount coupon = $69,700 × 0.05 = $3,485
3. Cash Dr, $69,700
To Deferred revenue Keyboard $69,700
(Being cash is recorded)
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rodrigo is a chemical engineer at blue ox chemicals. he is the only hispanic employee in his department. he is terminated after 10 months on the job based on poor performance. according to his supervisor, rodrigo continued to be the least productive employee in the department is spite of frequent feedback and training given to him. rodrigo believes he has a good claim for discrimination because he was the only hispanic in the department.
hispanic employee in his department. he is terminated after 10 months on the job based on poor performance. according to his supervisor, rodrigo continued to be the least productive employee in the department is spite of frequent feedback and training given to him. rodrigo believes he has a good claim for discrimination because he was the only hispanic in the department.
based on the following confusion matrix with a validation set of 100, class 1 reflects the members targeted who purchased services and class 0 reflects the non-targeted respondents who did not purchase services. calculate the specificity rate.
Based on the following confusion matrix with a validation set of 100, class 1 reflects the members targeted who purchased services and class 0 reflects the non-targeted respondents. 77.40% did not purchase services.
For machine learning processes, a classification model's or algorithm's performance is summarized in a confusion matrix, which can be either a chart or a table. Confusion matrix can be useful tools for determining which tasks a machine learning system executes correctly and wrong as well as for predictive analysis.
Specificity rate= TN ÷ (TN + FP) = 48 ÷ (48 + 14) = 0.774
implying 77.40% did not purchase services.
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The risk that interest rates will increase, and that increase will lead to a decline in the prices of outstanding bonds, is called interest rate risk, or price risk. True or false?.
The given statement is True i.e., the risk that interest rates will increase, and that increase will lead to a decline in the prices of outstanding bonds, is called interest rate risk, or price risk.
Interest rate risk is the potential that a change in overall interest rates will reduce the value of a bond or other fixed rate investment. As interest rates rise bond prices fall, and vice versa. This means that the market price of existing bonds drops to offset the more attractive rates of new bond issues.
Interest rate risk is measured by a fixed income security's duration, with longer-term bonds having a greater price sensitivity to rate changes.
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when the units produced are greater than the units sold, absorption costing income will be greater than variable costing income because absorption costing defers some fixed manufacturing overhead cost in ending inventory whereas variable costing expenses each period’s fixed manufacturing overhead on the income statement.
The correct option is c. This means that when units produced are more than units sold absorption costing income will be more.
A managerial accounting technique known as "absorption costing," also known as "full costing," is used to record all expenses related to producing a specific product. This strategy accounts for both direct and indirect costs, including direct material and direct, direct labor, rental, and insurance. Because it assigns fixed overhead expenses to each product unit that is produced throughout the time, absorption costing varies from variable costing. Every expense is assigned to manufactured goods, regardless of whether they are sold by the conclusion of the month, in contrary to the variable costing method.
Which of the following statements is true?
a. When the units produced are greater than the units sold, absorption costing income will be greater than variable costing income because absorption costing releases some fixed manufacturing overhead cost from ending inventory whereas variable costing expenses each period's variable manufacturing overhead on the income statement.
b. When the units produced are greater than the units sold, absorption costing income will be less than variable costing income because absorption costing defers some fixed manufacturing overhead cost in ending inventory whereas variable costing expenses each period's fixed manufacturing overhead on the income statement.
c. When the units produced are greater than the units sold, absorption costing income will be greater than variable costing income because absorption costing defers some fixed manufacturing overhead cost in ending inventory whereas variable costing expenses each period's fixed manufacturing overhead on the income statement.
d. When the units produced are greater than the units sold, absorption costing income will be less than variable costing income because absorption costing releases some fixed manufacturing overhead cost from ending inventory whereas variable costing expenses each period's variable manufacturing overhead on the income statement.
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ack works on the production line at an assembly plant. jack receives a base salary plus $1.25 per unit assembled. this is an example of a cost.
Jack works on the production line at an assembly plant. jack receives a base salary plus $1.25 per unit assembled. this is an example of a mixed cost.
What is mixed cost?When you combine a variable cost with a fixed cost (one that stays the same), you get mixed costs, also known as semi-variable costs (vary in proportion to the level of activity). The amount of the mixed cost depends on the various production levels within a corporation.
What is the difference between variable cost and semi-variable cost?Costs that are directly correlated with the volume of output are referred to as variable costs. Costs that behave like fixed costs up to a certain production threshold before changing to variable costs once the production threshold is exceeded are known as semi-variable costs.
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a company has a beta of 1.5. the expected return on the market is 15% and the risk free rate is 3.5%. given this information, the company has a cost of equity that is .
A company has a beta of 1.5. The expected return on the market is 15% and the risk free rate is 3.5%. Given this information, the company has a cost of equity that is 20.75%
Kcs = 3.5 + 1.5(15-3.5) =20.75%
What is cost of equity?Cost of equity is the return that a business needs for a project or investment, or the return that a person needs for an equity investment. Either the dividend capitalization model or the CAPM is the calculation used to determine the cost of equity.
Take a company with a beta of 1.3, for instance, which indicates that its stock price is 30% more volatile than the market as a whole. The company's cost of equity according to the CAPM model is 1.3 x (8%-0.05%) + 0.05% = 10.4% if the projected market return is 8% and three-month Treasury bills are yielding 0.05%.
Why is cost of equity important?When experts wish to think about stock valuation, cost of equity is significant. The cost of equity can be used to estimate an equity investment's worth. Therefore, if someone is investing in a business or project, they might wish to see their money grow by at least the cost of equity.
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intercontinental, incorporated, uses a perpetual inventory system. consider the following information about its inventory: august 1, purchased 10 units for $910 or $91 per unit; august 3, purchased 15 units for $1,590 or $106 per unit; august 14, sold 20 units; august 17, purchased 20 units for $2,300 or $115 per unit; august 28, purchased 10 units for $1,190 or $119 per unit; august 30, sold 23 units.
The cost of goods sold using the LIFO ,method is $1,495.
The ending inventory using the LIFO method is $3,305.
What is the cost of goods sold and ending inventory?LIFO is a short form for last in, first out. LIFO is an inventory system where it is assumed that the inventory that is purchased the latest is the first to be sold while the inventory that is purchased the earliest is the last to be sold.
Thus, under LIFO the cost of goods sold would reflect the latest prices the inventory was purchased. While the ending inventory would reflect the prices of the inventory that was purchased the earliest.
Goods sold on 31st July would consist of the inventory purchased on July 28 and 17.
Cost of goods sold = 10 x $119 = $1190
13 x $115 = $1,495
Ending inventory:
(7 x $115) + $1590 + $910 = $3,305
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What is the MOST effective first step in creating a rational and easy-to-process presentation? Question 12 options: State the key message up front. State each main point as if it's a separate idea. Include many visuals without context. Summarize all the evidence that supports the key points.
The most effective first step in creating a rational and easy-to-process presentation is option d: Summarize all the evidence that supports the key points.
What is effective presentation skills?The typical purpose of a presentation is to enlighten, as well as convince, inspire, and also motivate, or offer a new idea or product. Presentations can also include speeches, introductions, as well as lectures, or demonstrations. It is one that entails Preparation, planning, organizing, also writing, and others.
A good presentation should be focused on the subject and be brief. It shouldn't veer off course. The necessary information should be capable of being communicated through a strong presentation. During the presentation, the anxiety should be transformed into a motivating force. When making a presentation, remain composed and at ease.
Therefore, note that Good presentations stick in people's minds. They include visuals, drawings, and statistics in a style that makes them simple to recall and as such, one need to tell the summarize message first.
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the table represents the consumer price index for a basket of goods and services for three consecutive years. calculate the inflation rate of 2014
The inflation rate for 2014 given the CPI from 2012 to 2014 is 44%.
What is the inflation rate?Inflation is when the general price levels in an economy is rising. Inflation can be as a result of an increase in the cost of product or as a result of an increase in the demand for a good or service.
Consumer price index also known as CPI measures the price levels of a basket of goods purchased by consumers in the economy. Consumer price index data is released every month. It measures the changes in the price levels of a basket of good. Thus, the consumer price index is an indicator of inflation levels in the economy.
Inflation = (CPI in 2014 / CPI in 2013) - 1
(180 / 125) - 1 = 0.44
0.44 x 100 = 44%
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which of the following are reasons that a monopolist is considered to have market power? select all that apply. multiple select question. the monopolist exerts some control over the price. the monopolist controls the quantity supplied. the monopolist controls demand. the monopolist controls marketing.
The monopolist exerts some control over the price .
Why a monopolist has market power?A noncompetitive firm with market power, defined as the ability to set the price of a good. A monopolist is considered to be a price maker, and can set the price of the product that it sells.
How does a monopoly establish market power?First, by denying inputs to its rivals, the excluding firm materially raises its rivals' costs. Second, by thus precluding the competitive check on its price and output decisions that those rivals provide, the excluding firm thereby gains the power to price in its output market above the competitive level.
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Which module is an elective part of the CTL program? A. Logistics Management B. Lean Logistics C. International Transport and Logistics D. Transportation Economics Management E. Transportation Logistics Management
The module that is an elective part of the CTL program is the Lean Logistics.
What is the CTL program?It refers to the short form of Certification in Transportation & Logistics his program offers the designation of CTL to the candidates who demonstrate their understanding of the fundamentals of the profession.
The other module that are elective part of the CTL program includes the:
General Management Principles & Techniques,Creative Component,Supply Chain Management,Logistics & Supply Chain Strategy,Logistics Finance.Therefore, the Option B is the correct answer.
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a company had net sales of $31,000 and accounts receivable of $3,200 for the current period. its days' sales uncollected equals: (use 365 days a year.) multiple choice 52.98 days. 37.68 days. 9.69 days. 48.88 days. 29.68 days.
The company had net sales of $31,000 and accounts receivable of $3,200 for the current period. A credit to cash of $250.25 occurs when its days' sales equal uncollected.
For the current period, a business had net sales of $31,000 and accounts receivable of $3,200.
Days' Sales uncollected = Account Receivable/Net credit sales × 365
= 3200/31000 × 365
= 37.68 Days
Cash short and over will debit your account for any missing money on your petty cash receipts. A debit entry of Cash short and over of $46 is necessary in this instance as well.
Jun-30 Freight Charge 55
Delivery Charges 79
Office Equipment 44
Donation 63
Cash short and over 9.25
Cash 250.25
Accounts receivable are the unpaid obligations owed by customers for products or services they have received but have not yet paid for. As an illustration, the balance due when customers purchase items on credit is added to the accounts receivable. It is a debt that was acquired as a result of a business deal.
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an organization with a tendency toward grants individuals and teams the freedom to exercise their creativity, champion promising ideas, and carry them through to completion.
Individuals and teams are free to use their imagination, support and implement innovative ideas when there is a predisposition to take risks.
The correct option is 5.
What is an inclination toward taking risks?The tendency to partake in actions that could be detrimental or dangerous is referred to as risk-taking behavior. This can involve drinking excessively, bingeing, using drugs, operating a vehicle while inebriated, or having intercourse without protection.
Why is taking risks so crucial?Even though certain risks may not be profitable, a positive risk-taker will always see failure as an opportunity to grow. According to Michael Stelzner, proprietor of Social Media Examiner, a company's ability to expand depends on its willingness to try out novel concepts. Nothing ventured, nothing gained, as he puts it.
How does taking chances help you succeed?By taking chances, one can never look back and wonder, " Even if you fail, you'll gain knowledge and experience that can help you succeed in other endeavors. According to at least one study, people who take risks tend to be happier with their lives overall.
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I understand that the question you are looking for is:
In the context of entrepreneurial orientation, an organization with a tendency of _____ grants individuals and teams the freedom to exercise their creativity, champion promising ideas, and carry them through to completion. Multiple Choice
innovativenesscompetitive aggressivenessproactivenessindependent actionrisk takingbiff deposited $9,000 in a bank account, and 10 years later he closes out the account, which is worth $18,000. what annual rate of interest has he earned over the 10 years?
10% is the annual rate of interest has he earned over the 10 years when he deposited $9,000 in a bank account, and 10 years later he closes out the account, which is worth $18,000.
What is interest?Interest is the idea that one party should be compensated for taking a risk and giving up the chance to use funds, while another party should be punished for using someone else's money. The person who temporarily part with their money is entitled to compensation, and the person who temporarily uses those funds is frequently required to make this payment.
Interest is credited to your account when you keep money in your savings account. This is so that you can receive interest payments on the loans the bank makes with your funds to other customers.
Simple Interest Formula
A = P(1 + rt)
Here,
A = $18,000
P = $9,000
t = 10 years
r = to find
Substituting the values we get
⇒ 18,000 = 9000(1 + 10r)
⇒ 9000(1+10r )= 18000
⇒ 9000+90000r = 18000
⇒ 90000r = 9000
⇒ r = 9000/90000
⇒ r = 1/10
⇒ r = 10%
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suppose you need to have $58,477.00 in an account 16.00 years from today and that the account pays 14.00%. how much do you have to deposit into the account 6.00 years from today?
The amount deposit should be 24365
Total time = 16-6 = 10 years
Rate = 14%
Let the amount be x
58477-x = x*10*14/100
X = 24365
What is deposit?Money kept in a bank is referred to in the financial lexicon as a deposit. A deposit is a transaction in which money is transferred to a different party for safekeeping. Yet another definition of a deposit is a sum of money used as security or collateral for the delivery of a good.
The money that is deposited into a savings account is an illustration. One such deposit is the gold that has been left in the stream's gravelly bed. Deposit is to put down, entrust, put down, lay down, or set down for storage or payment. A deposit is when someone places money in their bank account.
Because it is not the bank's money, the money placed into your checking account is a credit to them but a debit to you (an rise in your asset). On the bank's books, it is a liability because it is your money and you owe it money. A credit is an addition to the Liability account.
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jessica hasn't paid the roofing company that replaced the roof on her home. the contractor placed a mechanic’s lien on her property, which is a(n) lien.
The roofing firm that replaced Jessica's home's roof has not received payment from her. The contractor voluntarily and specifically placed a mechanic's lien on her property.
Property is something over which a person or a company has legal ownership. Property can refer to either intangible objects with the potential for future value, such as stock and bond certificates, or tangible items like homes, automobiles, or appliances. There are three major types of property in economics and political economy: private property, public property, and collective property (also called cooperative property). Meant to be done or brought about of one's own free choice are the words voluntary, intentional, deliberate, and willing. Voluntary denotes independence and spontaneity of decision or action, free from outside pressure. An deliberate voluntary confession places emphasis on the understanding of a goal to be reached.
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consider a $2,500 deposit earning 7 percent interest per year for six years. what is the future value? (do not round intermediate calculations. round your answer to 2 decimal places.) how much total interest is earned on the original deposit? (do not round intermediate calculations. round your answer to 2 decimal places.) how much is interest earned on interest? (do not round intermediate calculations. round your answer to 2 decimal places.)
The future value is calculated to be $3751.83. The total interest earned on the original deposit of $2500 is equal to $1251.83 and the interest earned on the interest is equal to $201.83.
The following formula is used in order to determine the future value;
FV = PV (1 + r)^n
Here FV represents the future value, PV represents the present value, r represents the annual interest rate and n represents the number of periods interest held which is six years.
Substituting the values in the formula;
FV = 2500 (1 + 0.07)^6
FV = 2500 (1.07)^6
FV = $3751.83
The total interest earned can be calculated by subtraction of the present value from the future value;
Total interest earned = 3751.83 - 2500 = $1251.83
Now to calculate the interest earned on the interest, we first determine the interest earned on the original investment as follows;
2500 × 0.07 = $175 per year for 6 years = $1050
Now the interest earned on the interest can be calculated by subtracting this value from the total interest earned. Therefore;
interest earned on the interest = 1251.83 - 1050 = $201.83
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jill is considered a(n) when it comes to wine because she has information about many kinds of wines, places to shop, and other facets of the wine market. her friends always go to her when they need something for a special occasion.
jill is considered Market maven when it comes to wine because she has information about many kinds of wines, places to shop, and other facets of the wine market. her friends always go to her when they need something for a special occasion.
What is wine?
Wine is an alcoholic beverage made from fermented grapes. Yeast consumes grape sugar and converts it to carbon dioxide and ethanol while producing heat in the process. Different grape varieties and yeast strains play important roles in different wine styles. Many nations enact legal monikers intended to define styles and characteristics of wine. These typically constrain the geographical origin and permitted grape varieties, as well as other facets of wine production. Wines that are not made from grapes are made by fermenting other crops such as rice wine and fruit wines including such plum, cherry, pomegranate, currant, and elderberry.
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assume the following information: milling department materials conversion total cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 costs added during the period 291,600 385,000 676,600 total cost $ 301,600 $ 400,000 $ 701,600 assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. if 4,620 units were completed and transferred to the next department, then what is the total cost of the ending work in process inventory in the milling department?
The total cost of the ending work in process inventory in the milling department is $39,200
Given,
Total cost of beginning work in process inventory = $10,000 $15,000 $25,000
Costs added during the period = $291,600 $385,000 $676,600
Total cost = $301,600 $400,000 $701,600
Thus, the computation of the total cost of ending work in process is shown below:
Equivalent cost per unit
Material = $301,600 ÷ 5,200 units = $58 per unit
Conversion = $400,000 ÷ 5,000 units = $80 per unit
Now, ending work in process is calculated below-
= 400 units × $58 + 200 units × $80
= $23,200 + $16,000
= $39,200
Hence, the total cost of ending work in process is $39,200.
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using the average-cost method, calculate the cost of ending inventory and cost of goods sold for corporation. (round the average cost per unit to the nearest cent.) loading...(click the icon to view the data.) question content area bottom part 1 the cost of ending inventory is $530 part 2 the cost of goods sold is 1545\
When determining inventory value, an accounting calculation called the average-cost method is employed which is 53× $10, or any event equation.
How to solve average-cost, and (COGS)?Businesses might benefit from the average-cost method for several reasons. It uses the weighted average of all the inventory that the company bought over a certain period to value the cost of goods sold (COGS).
consider the value $530 can be satisfied through following methods.
If quantity of perches is 53, and the value per purchase is $10, and any date or time.
∴ quntity of perches × value per purchase.
= 53×$10
=$530.
You can take any relevant equation.
The time frame may be a month, a quarter, or a whole year as long as it is constant. The cost of items that are remaining on hand as inventory is also given value in addition to the cost of goods sold.
Ex: $485 + $530 + $530 = $1545.
Businesses must include the cost of goods sold (COGS) on an income statement to maintain correct financial records. The company's gross margin is then calculated by subtracting the COGS amount from sales revenue.
$1545 - 0 = $1545.
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a company is currently selling 10,000 units of product for $40 per unit. the unit contribution margin is $27. the company believes that spending $50,000 on advertising will increase sales by 750 units per month and enable them to increase the selling price to $45 per unit. if this change is implemented, profits will blank . multiple choice question. increase by $24,000 increase by $74,000 decrease by $29,750 increase by $3,750
The change is implemented, profits will blank will be-
The company should accept the idea reason been that the profit will increase by $24,000
Calculation to determine What should the company do
First step
Increased CM = [10,750 x (27+(40-45))]- (10,000 x 27)
Increased CM = [10,750 x(27+5)]- (10,000 x 27)
Increased CM = (10,750 x 32) - (10,000 x 27)
Increased CM = $344,000-$270,000
Increased CM = $74,000
Now let calculate the profit
Profit =$74,000-$50,000
Profit=$24,000 Increase
Therefore based on the above calculation The company should accept the idea reason been that the profit will increase by the amount of $24,000
Complete Question
A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month. The company should ______ the idea because profit will ______.
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adams, inc. has sales of $100,000 with a contribution margin of $60,000 and net income of $20,000. baron, inc. has sales of $110,000 with a contribution margin of $44,000 and net income of $22,000. thus, the degree of operating leverage is for adams, inc. and for baron, inc.
The degree of operating leverage is 3 for Adams, Inc. and 2 for Baron, Inc.
What is operating leverage?How well revenue growth translates into increased operational income is determined by operating leverage. It serves as a gauge for both leverage and how uncertain or unstable an organization's operating income is.The amount that a company's operating income varies in reaction to a change in sales is measured as operating leverage. The DOL ratio helps analysts assess how any change in sales will affect the company's profitability.You can increase operating leverage by reducing costs in a way that doesn't limit your potential to expand, in addition to establishing criteria for when to raise operating costs. Technology, particularly on the financial and accounting side, is one method Murray uses to accomplish this.Learn more about operating leverage here:
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