Answers
Answer:
total revenue = is 99300
Explanation:
given data
expects to sell in October = 3,000 units
expects sales to increase = 10%
Sales price stay constant = $10 per unit
solution
we get revenue hereby the sum of revenue of oct + nov + dec
revenue = price × quantity .........................1
total revenue = is 99300
Related Questions
Oriole Company sells merchandise on account for $7800 to Sunland Company with credit terms of 2/13, n/30. Sunland Company returns $1200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
a. $6468
b. $7668
c. $7644
d. $6600
Answers
Answer:
a. $6468
Explanation:
Calculation for the amount of the check
Based on the information given we were told that Oriole Company sells merchandise on account for the amount of $7800 to Sunland Company with credit terms of 2/13, n/30 in which Sunland Company returns the amount of $1200 of merchandise that was damaged which means that the amount of the check will be calculated as:
Amount of the check=[($7,800 - $1,200) *(100%-2%) ]
Amount of the check=$6,600*0.98
Amount of the check=$6,468
Therefore the Amount of the check will be $6,468
Good salespeople:_______. A. Help customers buy.B. Are never the only link between the firm and its customers.C. Are not part of the marketing information function for the firm.D. Are not expected to be marketing managers in their own territories.
Answers
Answer:
A. Help customers buy
Explanation:
Salespeople can be defined as a group of people or individuals who are saddled with the responsibility of selling goods and services to customers, in order to meet their needs or wants.
Good salespeople help customers buy because they are able to identify the basic requirements, needs, or wants of a customer and as such would be able to easily provide goods that will match the taste of the customers. In other instances, a good salesperson can also make great suggestions of products that a customer can choose from when stuck with multiple products.
Individual marketing across segments creates more total sales than any other type of marketing.
True or false?
Answers
Answer:
false
Explanation:
which is a better method of job interview, structured or unstructured?
Answers
Answer:
stucturted
Explanation:
if you are not not planed you might not get the jobExplain why, in the absence of a patent, a technical innovation invented and pioneered in one tofu factory will cause the supply curve for the entire tofu industry to shift to the right. What will finally halt the rightward shift? Use supply and demand curves to demonstrate what happens. If the government grants a patent to the one tofu firm that developed the innovation, what type of market for the newly innovated and differentiated product would result (ie perfect competition, monopolistic competition, oligopoly, or monopoly)? Why would the government do this? What would happen to price and consumer surplus under a patent?
Answers
Answer:
We should start by assuming that before the technological break through is made, the tofu industry is at equilibrium. The new technology will result in the production costs of tofu decreasing, which will shift the supply curve to the right. At first, production costs of just the innovative firm will decrease, but eventually other firms will catch up with the new technology. In the short run, the innovative firm will be able to make an economic profit since the industry will not have reached equilibrium. But after a while, as more firms adopt the new technology, equilibrium will be reached and economic profit will disappear (halting the rightward shift).
If the government grants a patent to the innovative firm that developed the new technology, then a monopoly might result. This is something similar to monopolies resulting from patents in the pharmaceutical industry. The profits of this specific company will increase, resulting in economic profit. Governments hand out patents as a way to reward innovation and encourage it. Imagine if patents didn't exist, how many companies would invest billions in R&D if they know that their competition will use that research for free?
When patents are granted, prices increase, and consumer surplus decreases.
________ is an Internet marketing strategy used to increase the quantity and quality of traffic from search engines, often by improving the site's position in result lists.
A.
Search engine optimization
B.
Search engine marketing
C.
A clickthrough rate
D.
Geotargeting
E.
Content farming
Answers
Answer:
A
Explanation:
Which question can best help a consumer assess risk when purchasing insurance? How much must be paid to make a claim? What problems are most likely to happen? What are the possible payouts on a claim? How much are the monthly premiums?
Answers
Answer: the answer is : What problems are most likely to happen?
Explanation:
Answer:
b
Explanation:
On April 12, Hong Company agrees to accept a 60-day, 9%, $7,200 note from Indigo Company to extend the due date on an overdue account. What is the journal entry that Indigo Company would make, when it records payment of the note on the maturity date? (Use 360 days a year.) A) Debit Cash $7,308; credit Interest Revenue $108; credit Notes Receivable $7,200. B) Debit Cash $7,308; credit Interest Revenue $108, credit Notes Payable $7,200. C) Debit Notes Payable $7,200, credit Interest Expense $108, credit Cash $7,092. D) Debit Notes Payable $7,200; debit Interest Expense $162; credit Cash $7,362 E) Debit Notes Payable $7,200; debit Interest Expense $108; credit Cash $7,308.
Answers
Ruth wants to set aside funds to take an around the world cruise in 4 years. Ruth expects that she will need $25500 for her dream vacation. If she is able to earn 9% per annum on an investment, how much will she have to set aside today so that she will have sufficient funds available?
Answers
Answer:
Amount invested (P) = $18,065 (Approx)
Explanation:
Given:
Total amount need (A) = $25,500
Number of year (n) = 4
Rate of interest (r) = 9% = 0.09
Find:
Amount invested (P)
Computation:
A = P(1+r)ⁿ
25,500 = P(1+0.09)⁴
25,500 = P(1.41158161)
P = 18,064.8429
Amount invested (P) = $18,065 (Approx)
Priscilla Presley and investment manager Jack Snowden formed _____________ on June 7, 1982 to conduct business and manage the assets of Elvis' estate.
Answers
Priscilla Presley and investment manager Jack Snowden formed a Partnership on June 7, 1982, to conduct business and manage the assets of Elvis' estate.
An agreement between two or more people to manage a business's operations and divide its assets and liabilities is known as a partnership.
What is the function of partnership?A partnership agreement is a legally binding agreement between two or more people or other legal entities with the aim of establishing a business entity.
There must be at least two people present. There must be an understanding. The business must distribute its gains. Mutual agency is required, meaning that all of them must do business on their own behalf or that any one of them may do so.
A partnership is a type of business where two or more persons enter into a legal agreement to be co-owners, share in the organization's profits or losses, and divide the duties for managing it.
All partners in a general partnership corporation split the company's assets and debts equally. Lawyers and other professionals frequently create limited liability partnerships.
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Cullumber Manufacturing Company purchased 14600 switches to make 6300 units. The standard allows for 2 switches per unit. The company actually used 15100 to produce the 6300 units. Cullumber budgeted $0.75 per switch but had to pay $0.80 per switch. What is Cullumber’s direct materials quantity variance for the period?
a. $1875 favorable
b. $1000 favorable
c. $2000 unfavorable
d. $1875 unfavorable
Answers
Answer:
d. $1,875 unfavorable
Explanation:
Direct material quantity variance is computed as;
= (AQ - SQ) × SP
AQ = Actual quantity = 6,300 units
SQ = Standard quantity = 14,200 / 2 = 7,300 units
SP = Standard price = $0.80
Direct material quantity variance
= (6,300 - 7,300) × 0.80
= -1,000 × $0.80
= -1,875 unfavorable
Anita wants to start an online business and not use her real name. What type of form
will Anita need to complete when opening a business? Choose the answer.
corporation
franchise
DBA (doing business as)
trademark
Answers
Answer:
trademark
Explanation:
Explain single product cost-volume-profit (CVP) and break-even analysis. Provide a hypothetical example of CVP and breakeven analysis. Provide in-text citations and explain your example in detail.
Answers
For example:- Let's say Sales of the company is $10,000,000 and variable cost = $3,585,000
Contribution will be Sales-variable cost = $10,000,000 - $3,585,000 = $6,415,000
PV ratio = Contribution/sales *100 = $6,415,000 / $10,000,000 * 100 = 64.15%
Here in this example, PV ratio of 64.15% is the contribution before fixed cost that a company has earned from its sales.
Break Even Analysis:-
Break even analysis show the situation where the company is at zero profit situation, means no profit no loss situation. Break even analysis or the break even point is the point that given the level at which company earns no profit or incurred no loss. Break even point is one of the analysis that comes under Break even analysis. Break even analysis is the ratio between fixed cost and PV ratio (%) of the company.
For example;- Let's say in the above example Fixed cost of the company is $1,300,000 and PV as calculated in the above example is 64.15% , Break even point will be Fixed cost / PV ratio = $1,300,000 / 64.15% = $2,026.500. This is the point where company is at zero profit/loss situation means company incurred no loss and earned zero profit.
When using annual worth to evaluate the attractiveness of a single alternative, what value is the calculated AW compared to in determining if an investment is attractive?
a. PW
b. FW
c. 0.0
d. MARR
Answers
Option "C" is the correct answer to the following question.
0.0 is the correct answer.
The computed AW comparison to 0.0 in evaluating if an expenditure also investment is appealing when utilizing annual worth to determine the competitiveness of a single option.
If AW is less than zero, it is a good investment.
As a result, AW's standard is zero.
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Under FICA only, cash tips of more than $100 in a month are defined as taxable wages.
a. True
b. False
Answers
Answer:
Option b: False
Explanation:
FICA is simply known as Federal Insurance Contributions Act. It is the act under which this tax is also deducted from the paycheck.The FICA tax rates and taxable wage bases are exactly the same for employees and employers.
Government uses FICA tax to provide
an income check to people at retirement age,health care, another service and others. It it a body that has its own rules, regulations and default in any of them may lead to penalty.
Big Lite Inc. purchases Canton Bulbs, its direct competitor, by buying most of its stock. In this scenario, Big Lite Inc. is involved in a(n) _____.
a. acquisition
b. leveraged buyout
c. conglomerate merger
d. franchise
e. vertical merger
Answers
Answer:
a. acquisition
Explanation:
Acquisition takes place when a company buys more or all the shares of another company to gain control over that company. when a company buy more than 50% of the stock and other assets allows the buyer to make decisions about newly acquired assets with no approval of the company shareholderso correct answer is a. acquisitionPLEASE EXPLAIN THE WORKING AND PROCESS
1. A firm calculates that the marginal product of labor (MPL) can be found from the following equation:
MPL = 35 - 2L
where L is the number of workers hired.
The production function for this firm is as follows:
Q = 35L - L2
The firm knows it can find profits with the following equation:
Profit = P ´ Q - W ´ L
where P stands for the selling price of the good, Q stands for total output, and W represents the wage. Price is equal to $1.
a. If the wage is $11, how many workers will the firm hire? How much profit will it earn?
b. Compare this level of profits to those earned by the firm if it hired one fewer worker than L* and one worker more than L* to demonstrate that L* workers generate the most profit for the firm.
Answers
Answer:
a. Therefore, the number workers the firm will hire is 12; and the amount of profit it will earn is $144.
b. Since the profit from when one fewer or more worker than L* workers is hired is equal to $143 which is lower than $144 profit from hiring L* workers, this implies that L* workers generate the most profit for the firm.
Explanation:
Note: There are some errors and omission in this question. These are therefore corrected by restating the complete question as follows:
A firm calculates that the marginal product of labor (MPL) can be found from the following equation:
MPL = 35 - 2L
where L is the number of workers hired.
The production function for this firm is as follows:
Q = 35L - L^2
The firm knows it can find profits with the following equation:
Profit = P * Q - W * L
where P stands for the selling price of the good, Q stands for total output, and W represents the wage. Price is equal to $1.
a. If the wage is $11, how many workers will the firm hire? How much profit will it earn?
b. Compare this level of profits to those earned by the firm if it hired one fewer worker than L* and one worker more than L* to demonstrate that L* workers generate the most profit for the firm.
The explanation of the answer is now given as follows:
a. If the wage is $11, how many workers will the firm hire? How much profit will it earn?
Given;
Profit = P * Q - W * L ………………………… (1)
Where;
P = 1
Q = 35L - L^2
W = 11
L = ?
Substitute the values above into equation (1), we have:
Profit = (1 * (35L - L^2)) - (11 * L)
Profit = 35L - L^2 - 11L …………………………. (2)
Taking the derivative of equation (2) with respect to L and equating to 0, we can then solve for L as follows:
35 - 2L - 11 = 0
2L = 24
L = 24 / 2
L = L* = 12
Substituting L = 12 into equation (2), we have:
Profit = (35 * 12) - 12^2 - (11 * 12)
Profit = 144
Therefore, the number workers the firm will hire is 12; and the amount of profit it will earn is $144.
b. Compare this level of profits to those earned by the firm if it hired one fewer worker than L* and one worker more than L* to demonstrate that L* workers generate the most profit for the firm.
If it hired one fewer worker than L*
This implies that L = 12 – 1 = 11
Using equation (2) from part a above and substitute L = 11, we have:
Profit = 35L - L^2 - 11L
Profit = (35 * 11) - 11^2 - (11 * 11)
Profit = 143
If it hired one more worker than L*
This implies that L = 12 + 1 = 13
Using equation (2) from part a above and substitute L = 13, we have:
Profit = 35L - L^2 - 11L
Profit = (35 * 13) - 13^2 - (11 * 13)
Profit = 143
Therefore, the profit from when one fewer or more worker than L* workers is hired is equal to $143.
Since the profit from when one fewer or more worker than L* workers is hired is equal to $143 which is lower than $144 profit from hiring L* workers, this implies that L* workers generate the most profit for the firm.
Laurel, Inc., and Hardy Corp. both have 9 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel, Inc., bond has four years to maturity, whereas the Hardy Corp. bond has 15 years to maturity.
If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds?(Negative answers should be indicated by a minus sign. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Percentage change in price of Laurel %
Percentage change in price of Hardy %
If interest rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of these bonds be then? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Percentage change in price of Laurel %
Percentage change in price of Hardy %
Answers
Answer:
If interest rate rises by 2%
Laurel Inc:
Percentage change in price = -0.0633 or -6.33%
Hardy Corp:
Percentage change in price = -0.1453 or -14.53%
If interest rate falls by 2%
Laurel Inc:
Percentage change in price = 0.06874 or 6.874%
Hardy Corp:
Percentage change in price = 0.1839 or 18.39%
Explanation:
Lets assume that both the bonds have a face value of $1000 and an initial coupon rate and interest rate of 9%. As the bonds are priced at par initially, this means that the interest rate or YTM is also 9%
If interest rates rises by 2%
We will first calculate the price of both the bonds then calculate the percentage change in prices.
To calculate the price of the bond today, we will use the formula for the price of the bond. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
When interest rates rise by 2%.
Laurel Inc
Coupon Payment (C) = 1000 * 0.09 * 6/12 = 45
Total periods (n) = 4 * 2 = 8
New interest rate = 9% + 2% = 11%
New interest rate or YTM (semi annual) = 0.11 * 6/12 = 0.055 or 5.5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45 * [( 1 - (1+0.055)^-8) / 0.055] + 1000 / (1+0.055)^8
Bond Price = $936.6543 rounded off to $936.65
Percentage change in price = (936.65 - 1000) / 1000 = -0.0633 or -6.33%
Hardy Corp
Coupon Payment (C) = 1000 * 0.09 * 6/12 = 45
Total periods (n) = 15 * 2 = 30
New interest rate = 9% + 2% = 11%
New interest rate or YTM (semi annual) = 0.11 * 6/12 = 0.055 or 5.5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45 * [( 1 - (1+0.055)^-30) / 0.055] + 1000 / (1+0.055)^30
Bond Price = $854.6625 rounded off to $854.66
Percentage change in price = (854.66 - 1000) / 1000 = -0.1453 or -14.53%
When interest rate falls by 2%
Laurel Inc
Coupon Payment (C) = 1000 * 0.09 * 6/12 = 45
Total periods (n) = 4 * 2 = 8
New interest rate = 9% - 2% = 7%
New interest rate or YTM (semi annual) = 0.07 * 6/12 = 0.035 or 3.5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45 * [( 1 - (1+0.035)^-8) / 0.035] + 1000 / (1+0.035)^8
Bond Price = $1068.7395 rounded off to $1068.74
Percentage change in price = (1068.74 - 1000) / 1000 = 0.06874or 6.874%
Hardy Corp
Coupon Payment (C) = 1000 * 0.09 * 6/12 = 45
Total periods (n) = 15 * 2 = 30
New interest rate = 9% - 2% = 7%
New interest rate or YTM (semi annual) = 0.07 * 6/12 = 0.035 or 3.5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45 * [( 1 - (1+0.035)^-30) / 0.035] + 1000 / (1+0.035)^30
Bond Price = $1183.9204 rounded off to $1183.92
Percentage change in price = (1183.92 - 1000) / 1000 = 0.1839 or 18.39%
Sun Inc. factors $6,000,000 of its accounts receivables without recourse for a finance charge of 5%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. Sun estimates the fair value of the recourse liability at $230,000. What would be recorded as a gain (loss) on the transfer of receivables?
Sun Inc. factors $6,000,000 of its accounts receiv
a. Loss of $230,000.
b. Loss of $1,130,000.
c. Gain of $530,000.
d. Loss of $300,000.
Answers
Answer:
Loss on sale of receivables = $300,000
Explanation:
Computation table:
Annual receivable $6,000,000
Less : Cost of Factors
Finance(5% of Annual receivable) $300,000
Retention(10% of Annual receivable) $600,000
Net proceeds $5,100,000
Annual receivable = Net proceeds + Retention + Loss on sale of receivables
$6,000,000 = $5,100,000 + $600,000 + Loss on sale of receivables
Loss on sale of receivables = $300,000
Since hiring a new sales director, Tilton Inc. has enjoyed a 50% increase in sales. The CEO has also noticed, however, that the company's average collection period has increased from 17 days to 38 days. What might be the cause of this increase? What are the implications to management of this increase?
Answers
Answer:
The most reasonable answer would be that the new sales director increased the number of credit days allowed by the company. E.g. before, the company would only allow its customers 15 days of credit, and now it allows 30 days. This will generally increase total sales revenue, but at the same time it represents a cost to the company. No one gives money away for free, and it costs money to extend the number of credit days.
Under normal circumstances, the company should earn more money due to the sales increase, than the costs of extending the number of credit days.
Basically, the average collection period refers to the average period of time that it takes a business to receive payments owed by its debtors (clients).
Now, since the company hired a sales director, they experienced a 50% increase in sales and also observed the company's average collection period increased from 17 days - 38 days.
The reason behind the increased sales is because of customers willingness to make transactions on credit.
However, this can be dangerous for the firm's financial position because high level of debt can leads to bad debt and thus, result to insolvency if those debt are not repaid back..
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A retailer such as Dillard's, Macy’s, or Sears sells products that it doesn’t produce. The retailer employs sales associates who receive varying levels of sales compensation. This type of scenario highlights third-party sales. Third-party sales are
Answers
Answer:
Conducted by anyone other than the producer of a product or service.
Explanation:
Conducted by anyone other than the producer of a product or service. Third party means not by the original producer.
Land originally purchased for $25,574 is sold for $78,584 in cash. What is the effect of the sale on the accounting equation?
Answers
Answer:
assets increase by $$53,010; owner’s equity increases by $$53,010
Explanation:
Calculation for the What is the effect of the sale on the accounting equation
Using this formula
Profit on sale of land = Proceed from sale - Cost of land
Let plug in the formula
Profit on sale of land =$78,584 -$25,574
Profit on sale of land = $53,010
The accounts that will be affected in the accounting equation are:
Cash will increase by $78,584
Land will decrease by $25,574
Owners equity will increase by $53,010
Therefore the effect of the sale on the accounting equation is that Assets increase by $53,010; Owner’s equity increases by $53,010
If capital is held constant, what happens when the price that firm receives for its goods increases?
Answers
Answer:
Then the constant increases?
which of the following is a collaboration of software
Answers
Answer:
I dont see anything
Explanation:
Suppose you put half of your money in Monster Beverage and half in IBM. What would the beta of this combination be if Monster Beverage has a beta of 1.52 and Pepsi has a beta of .55?
A. 0.75
B. 1.00
C. 1.04
D. 0.55
E. 0.35
Answers
Answer:
C. 1.04
Explanation:
The computation of the portfolio beta is as follows:
Portfolio beta = respective beta × respective weight
= (1.52 × 0.5) + (0.55 × 0.5)
= 1.04
hence, the portfolio beta is 1.04
Therefore the correct option is C.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
What will happen to a typical isoquant if robots become increasingly good at doing manual and mental labor?A. Isoquants will become much steeper.
B. Isoquants will not change but movement will occur upward on the curve.
C. Isoquants will become much flatter.
D. Isoquants will become a negatively sloped straight line.
Answers
Answer:
C. Isoquants will become much flatter.
Explanation:
An isoquant which from Latin maeans "equal quantity"can be regarded as counterpart of the consumer's indifference curve of a company, it is curve which shows some kind of consistent amount of output. It can be known with it's negative slope. With isoquant all the inputs that gives rise to the same level of output can be known
Therefore, in a case whereby robots become increasingly good at doing manual and mental labor then a typical isoquant will become much flatter.
Once a project is underway, the project manager is responsible for the:_______a. people. b. cost. c. time. d. All of these
Answers
Answer:
I think the answer is D. All of the above
Explanation:
When a project is underway, the project manager is responsible for the management of the:
peoplecosttimeWho is a project manager?This is a manager that are responsible for planning, organizing and directing the completion of specific projects for an organization.
Therefore, the Option D is correct.
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Why do people buy stocks?
Answers
Answer:
Investors buy stocks for various reasons. Here are some of them: Capital appreciation, which occurs when a stock rises in price. Dividend payments, which come when the company distributes some of its earnings to stockholders.
why do you think states have licensing requirements for certain occupations?
Answers
Answer: to prevent improper use or causing an issue with the thing they have to get a license for
The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p 5 .17 and a simple random sample of
800 households will be selected from the population.
Answers
Answer:
23.14
Explanation: