The board of directors of a corporation: Multiple Choice Are elected by the corporate registrar. Are responsible for day-to-day operations of the business. Do not have the power to bind the corporation to contracts, due to lack of mutual agency.

Answers

Answer 1

Answer:

Are responsible for and have final authority for managing corporate activities.

Explanation:

Here are the complete options

The board of directors of a corporation:

a) Are elected by the corporate registrar.

b) Are responsible for day-to-day operations of the business.

c) Do not have the power to bind the corporation to contracts, due to lack of mutual agency.

d) May not also be executive officers of the corporation, due to the separate entity principle.

e) Are responsible for and have final authority for managing corporate activities.

A corporation is a business that is owned by shareholders. The corporation is a separate legal entity and so it can sue and be sued, pay taxes and own assets.

Advantages of a corporation include :

1. they have unlimited liabilities

2. they have unlimited life. the business doesn't end even after the death of the owners unlike a sole proprietorship

3. they have more access to capital

Disadvantages of a corporation include :

high cost of setting up  

Earnings to shareholders are taxed twice

Managers of a corporation :

are elected by the shareholders of the firm they are responsible for and have final authority for managing corporate activities.

Related Questions

Given the following historical demand and forecast, calculate the Tracking Signal in Week 3:Week 1 Demand: 50 Forecast: 49Week 2 Demand: 54 Forecast: 51Week 3 Demand: 58 Forecast: 57

Answers

Answer: 3

Explanation:

Week 1:

Demand forecast = 50 - 49 = 1

Week 2:

Demand forecast = 54 - 51 = 3

Week 3:

Demand forecast = 58 - 57 = 1

Then, MAD = (1+3+1) / 3 = 5/3

Then, tracking signal will be:

= (1+3+1)/5/3

= 5 ÷ 5/3

= 5 × 3/5.

= 3

The tracking signal in week 3 is 3

The tracking signal in week 3 in the historical demand and forecast given above is 3

Week 1: Demand forecast = 50 - 49 = 1

Week 2: Demand forecast = 54 - 51 = 3

Week 3: Demand forecast = 58 - 57 = 1

The mean absolute deviation is given below:

= ( 1 + 3 + 1 ) / 3 ÷ 5/3

= ( 1 + 3 + 1 ) / 5/3

= 5 ÷ 5/3

= 5 × 3/5

= 3

So therefore, the tracking signal in week 3 is 3

What is mean absolute deviation?

The mean absolute deviation it is the average of values.

It is also the difference between actual values and their average value, and is usually used for the calculation of demand variability.

Learn more about mean deviation:

https://brainly.com/question/16586775

John makes a deposit of $12,000 in a bank at 6% Compound Interest annually, for 7 years. a) At the end of 7 years, how much John will have in his bank account

Answers

Answer:

$18,043.56

Explanation:

The formula for calculating future value:

FV = P (1 + r) n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

12,000 x (1.06)^7 = $18,043.56

Given that inflation in the U.S. is projected at 2% annually for the next 5 years and at 8% annually in India for the same time period, and Rupee/Dollar spot rate (R/$) is currently equal to 73.2115, obtain the exact relative PPP value of the spot rate (R/$) five years from now. Group of answer choices 97.4310 69.1442 55.0125 79.4310 77.5181

Answers

Answer:

97.4310

Explanation:

Forward rate = Spot rate * (1 + Rate of inflation in India)/(1 + Rate of inflation in US)

Spot rate in 5 years = 73.2115 * (1+0.08)^5/(1+0.02)^5

Spot rate in 5 years = 73.2115 * (1.08)^5/(1.02)^5

Spot rate in 5 years = 73.2115 * (1.4693281/1.104081)

Spot rate in 5 years = 73.2115 * 1.330815493

Spot rate in 5 years = 97.4309984657695

Spot rate in 5 years = 97.4310

kilala moba ako filipino ako panget mo ​

Answers

Answer:

Mas pangít ka

Mas pangít ka sa daga

Kamuka mo si babalu

Answer:

jupiter mars sun

Explanation:

its in space

Easter Egg and Poultry Company has $2,000,000 in assets and $1,400,000 of debt. It reports net income of $200,000.

Required:
a. What is the firm's return on assets?
b. What is its return on stockholders' equity?
c. If the firm has an asset turnover ratio of 2.5 times, what is the profit margin (return on sales)?

Answers

Answer:

a. Return on assets

= Net income / Total assets

= 200,000 / 2,000,000

= 10%

b. Return on Equity:

First find leverage ratio = Debt / Assets

= 1,400,000 / 2,000,000

= 70%

ROE = Return on Assets / (1 - Leverage ratio)

= 10% / (1 - 70%)

= 33.3%

c. Return on sales = Net income / Sales

Asset Turnover = Sales / Total assets

2.5 = Sales / 2,000,000

Sales = 2.5 * 2,000,000

= $5,000,000

Return on sales = 200,000 / 5,000,000

= 4.0%

Which of the following statements are true? Check all that apply. When interest rates rise, the coupon rates on newly issued bonds will increase. As long as bonds are highly rated, there is very little interest rate risk. Purchasing long-term bonds reduces an investor’s interest rate risk. Bonds with similar coupons will always have the same percentage price change, no matter the maturity.

Answers

Answer:

When interest rates rise, the coupon rates on newly issued bonds will increase.

Explanation:

When there is an increase in the interest rate of the market so it decrease the price of the outstanding bonds due to which the new bond become costlier. Also the coupon made on the outsanding bond could not be adjusted but at the same time it can rise for the new bond so that the bond could become attractive. This is due to as the investors are interested in purchasing these bonds that provides the high coupon payment on periodic basis

Therefore the above should be the answer

he following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash. g

Answers

Answer:

Cash (Dr.) $43,000

Sales Revenue (Cr.) $43,000

Bank (Dr.) $20,000

Cash (Cr.) $20,000

Office Supplies (Dr.) $2,300

Cash (Dr.) $2,300

Petty Cash reimbursement (Dr.) $4,500

Cash (Cr.) $4,500

Explanation:

The journal entries are recorded when transaction occurs in a business. These transactions are recoded at the time of inception of transaction. The journal entries are adjusted when there is any change in the transaction.

DRK, Inc., has just sold 110,000 shares in an initial public offering. The underwriter’s explicit fees were $66,000. The offering price for the shares was $60, but immediately upon issue, the share price jumped to $66.00. a. What is the total cost to DRK of the equity issue?

Answers

Answer: $726000

Explanation:

Based on the information given in the question, the total cost to DRK of the equity issue will be calculated thus:

Firstly, we'll calculate the implicit cost per share which will be:

= Increased price - Offering price

= $66 - $60

= $6

Then, the total implicit cost will be:

= $6 × 110000

= $660000

Then, the total cost to DRK of the equity issue will be:

= Explicit cost + Implicit cost

= $66000 + $660000

= $726000

On January 1, 2021, the Merit Group issued to its bank a $38 million, five-year installment note to be paid in five equal payments at the end of each year. Installment payments of $9.417 million annually include interest at the rate of 7.6%.
Required: What would be the amount(s) related to the note that Merit would report in its statement of cash flows for the year ended December 31, 2021?

Answers

Answer:

The correct solution is provided below.

Explanation:

Given:

The cash inflow,

= $38

Interest rate,

= 7.6%

or,

= 0.076

Now,

The annually interest will be:

= [tex]38\times 0.076\times 1[/tex]

= [tex]2.89[/tex] ($)

Or,

The installment payment without interest will be:

= [tex]9.417-2.89[/tex]

= [tex]6.53[/tex] ($)

Kiosk Jewelers borrows from Lender Inc. and Mortgage Company, using the same collateral. Only Mortgage Company has a perfected security interest. Kiosk defaults on both loans. The party with first rights to the collateral is:________
A) Kiosk Jewelers.
B) none of the choices.
C) Lender Inc.
D) Mortgage Company.

Answers

The answer is D- mortgage company

You are the public relations director of a nonprofit hospital in a competitive market in a midsized city located in a metro area of 350,000 people. It is sweeps week for broadcast media. One of the stations is running a series on HIV/AIDS in the community. Recent segments have included those listed below.

Homelessness related to HIV/AIDS
How persons living with HIV/AIDS suffer from being outcasts
How understanding has increased in some circles but prejudice remains in many.
An appealing case of a hemophiliac who acquired HIV/AIDS through transfusion at the university hospital has been reported in the series. The university and its teaching hospital are located elsewhere in the state.

At a staff meeting this morning, you learn that petitions are circulating in the community to request your hospital to convert its former nurses’ residence into a clinic and residential shelter for HIV/AIDS patients.

The hospital no longer maintains a school of nursing. The three-story brick building has been used for miscellaneous administrative purposes since nurses’ training was phased out. The residence is connected to the hospital by an elevated corridor, similar to a skywalk. It does not have facilities for food service or laundry. Nurses always ate at the hospital and the hospital handled their laundry. The residence and hospital are served by common systems for hot water, steam heat, ventilating and sewer. The building predates central air conditioning.

The human resources director reports that the business agent for kitchen and laundry workers, who are represented by a union, has already made informal contacts about this proposal, suggesting that grievances will result, at the very least, and a strike could ensue.

Your director of volunteers expresses concern about reaction of volunteers who now handle many peripheral duties. Your physical plant supervisor, who lives in the neighborhood, says neighbors are already anxious over the possibility of HIV/AIDS patients in their vicinity. Your hospital’s five-year Strategic Plan, which was recently updated, has no mention of developing an HIV/AIDS specialty.

Write a letter (using your own name) to the hospital CEO, John Dolman and the Board of Governors outlining your plan to resolve this issue. Remember, that your letter will be made public to the other audiences and publics. In your recommendations, you should provide both long and short-term strategies that would solve this problem. To solve this problem you should note if additional resources or expenditures would be need to achieve the goals that you define.

When writing the letter you should provide a brief description of the problems, you have found. What are the facts about major issues? Identify facts about key players in the case, the business problem(s) and then rank order the critical issues. Consider relevant information and underlying assumptions. Finally provide your recommendations.

As you write your recommendations, think about the following;

a. How do the cultural values at the hospital relate to communication, technology, information flow and openness?
b. As the hospital goes forward, should it stick to the espoused culture or should it change? How would you recommend that they change?
c. How would you suggest that they resolve this disparity? In other words what should they do?
d. Provide specific suggestions that will help the organization as they go forward.
e. In the closing, highlight benefits of your recommendations. As a PR director, you need to be honest but tactful in your recommendations

Answers

Answer:

HIV AIDS is contagious disease. It is responsibility of the healthcare professionals to handle the person with special care. This virus spread quickly in the body of the victim and the person is often unaware of the disease due to very mild or no symptoms.

Explanation:

To: CEO

Park lane Hospital

Central London,

09 - 06 -2021.

Respected Sir,

It is to bring into your knowledge about the spread of HIV/AIDS in the city. The people are unaware about the disease spread and those infected are carrying disease to others. There should be campaign run by the hospital to inform people about the spread of this contagious disease and preventions measures.

There should also be special arrangement for the people infected by the disease to stay and live in a separate house so the spread can be stopped.  The hospital can allow people with symptoms for a free checkup so that more people can come and have their routine checkup.

It is high time because if the spread will increase at the same rate then controlling the disease would become difficult.

Regards,

John Andrews.

Altitude, humidity, and temperature extremes are climatic features that affect the uses and functions of products and equipment.
A. True
B. False

Answers

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, in the context of productivity inside businesses' organization it is very common actually to protect as much as possible the new products from the climate factors that can affect the use of the equipment inside the company and therefore to harm the production that could cause a waste of time or money in cases of repairment. Much worse would be the case in where the product that are meant to be sold to the customers are damaged because of the humidity or other factors regarding the topography of the place of where the company resides. So all those factors do in fact become a dangerous problem to have in mind if they're not taken care of.

War Eagle Distributing wants to determine the most efficient method of transporting its new product- The Charles Barkley Paperweight. This item has been offered for sale for several years, but Mr. Barkley's public persona and popularity have grown steadily, and the 6-year forecast calls for year 1 sales of 1,000 pallets, with year 2-6 sales increasing by 400 pallets each year. Estimated year 1 costs of two transportation options being considered are shown below.

Mode A Mode B
Variable Costs
Transportation Costs $240,000 $270,000
Inventory Cost $100,000 $30,000
Packaging Costs $120,000 $30,000
Fixed Cost $160,000 $420,000
Total Cost $620,000 $750,000

What is the Point of Indifference (where the total cost of each option is equal) in number of pallets?
a. 1,400
b. 1,800
c. 2,000
d. 2,400
e. 2,800

Answers

Answer:

c. 2,000

Explanation:

Total Variable cost = transportation cost + inventory cost + packaging costs

Total variable cost Mode A = $240,000 + $ 100,000 + $ 120,000 = $460,000

Cost per pallets = 460,000 / 1000 = 4600

Total variable cost Mode B = $270,000 + $ 30,000 + $ 30,000 = $330,000

Cost per pallet = 330,000 / 1000 = 3300

The variable cost for both mode will be equal if the company plans to produce 2000 pallets.

Two firms (1 and 2) compete in a homogeneous goods market, where the firms produce exactly the same good. The firms simultaneously and independently select quantities to produce. The quantity selected by firm i is denoted q, and must be greater than or equal to zero, for i - 1,2. The market price is given by p-2 - q1 -q2. For simplicity, as sume that the cost to firm i of producing any quantity is zero. Further, assume that each firm's payoff is defined as its profit. That is, firm i's payoff is pqi, where j denotes firm i's opponent in the game.

Requried:
Describe the normal form of this game by expressing the strategy spaces and writing the payoffs as functions of the strategies.

Answers

Answer:

m

Explanation:

How many months does it take the average case to move from complaint to resolution?

Answers

Answer:

Explanation:

25 months

One thousand dollars is invested at 5% continuous annual interest. This means the value of the investment will grow exponentially, with k equaling the decimal rate of interest. What will the value of the investment be after 7 1/2 years

Answers

Answer:

$1454.99

Explanation:

Just did this question the other day

Blaine, Inc., produces three products, Argon, Xon, and Zeon, from a joint production process. Data on the process are as follows:

Product Agon Xon Zeon Total
Allocated joint cost $45 $450
Sales value at split-off $90 $900
Additional processing costs $60 $150
Sales value if processed $150 $300 $1200
Contribution from processing further $15 $0 $360
Units produced 750 1250 3,000 5,000


Required:
Determine the value for each misse

Answers

Answer:

Agon

Allocated joint cost $45

Sales value split off $90

additional processing cost $60

Sales value if processed further $150

Contribution from processing further $15

Xon

Allocated joint cost $75

Sales value split off $150

additional processing cost $150

Sales value if processed further $300

Contribution from processing further $0

Zeon

Allocated joint cost $330

Sales value split off $660

additional processing cost $180

Sales value if processed further $1200

Contribution from processing further $360

Explanation:

Sales split off point Xon $300 - $150 = $150

Sales split off point Zeon $900 - $90 - $150 = $660

Joint cost of Xon = 450 / 900 * 150 = 75

Joint cost of Zeon = 450 / 900 * 660 = 330

Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,900 shares of its own common stock at $34 per share on October 11. b. Sold 1,225 treasury shares on November 1 for $40 cash per share. c. Sold all remaining treasury shares on November 25 for $29 cash per share.

Answers

Answer: See explanation

Explanation:

The journal entry to record the transaction for Sherman systems will be:

Oct-11

Debit Treasury Stock (5,900 × $34) =

$200,600

Credit Cash = $200,600

(To record repurchase of 5900 own shares)

Nov-01

Debit Cash (1,225 × $40) = $49,000

Credit Treasury stock (1,225 × $34) = $41,650

Credit Paid in capital-Treasury Stock = $7,350

(To record sale 1225 shares from treasury stock)

Nov-25

Debit Cash (5,900-1,225) × $29) = $135,575

Debit Paid in capital-Treasury Stock = $7,350

Debit Retained earnings = $16,025

Credit Treasury stock (5,900-1,225) × $34) = $158,950

(To record sale balance from treasury stock)

A product needs to be processed on both Resource X and Resource Y. There is only one of each of these resources and your goal is to meet market demand, which is 20 units per day and a day has 12 hours of working time. It takes 30 minutes to process a unit on Resource X and 15 minutes on Resource Y. If Resource X feeds Resource Y and both resources are scheduled to work 12 hours per day and process items just-in-case, then which Of the following statement is correct:

a. There would be no accumulation of work-in-process inventory.
b. Work-in-process inventory would accumulate in-front-of Resource Y.
c. There would be no accumulation of finished goods inventory.

Answers

Answer:

The correct statement is:

a. There would be no accumulation of work-in-process inventory.

Explanation:

Daily demand of product A = 20 units

Working time per day = 12 hours

Time to process a unit on Resource X = 30 minutes

Time to process a unit on Resource Y = 15 minutes

Total units that can be processed on Resource X per day = 24 (12/0.5)

Total units that can be processed on Resource Y per day = 48 (12/0.25)

Since Resource X feeds Resource Y and both resources are scheduled to work 12 hours per day, there will no accumulation of work-in-process (from Resource X) because Resource Y uses half the time of Resource X.

What are the desirable personal characteristics, attributes, lifestyles, skills, and traits of a prospective entrepreneur? Why are these important?​

Answers

Answer:

The answer is below

Explanation

1. There are various desirable personal characteristics, attributes, lifestyles, skills, and traits of a prospective entrepreneur, some of them include

Competency,

Hardworking,

Risk-taking

Innovation

Perception

2. These characteristics or attributes of an entrepreneur are important because they guide and lead the entrepreneur in making the right decision. It also helps entrepreneurs to solve issues like conflicts, hire and fire where necessary, etc.

If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7% for three years which one will pay more and by how much approximately?

a. Simple interest by $50.00
b. Compound interest by $22.97
c. Compound interest by $150.75
d. Compound interest by $150.00
e. None of the above.

Answers

Answer:

e. non of the above

Explanation:

we first find the simple interest

= p * r * t

= 10000*8%*3

= 2400

the future value

= 2400 + 10000

= 12400

we find the compound interest

= 10000*(1+r)^n

= 10000(1+7%)³

= 10000*1.225043

= 12250.43

we can see that it pays more at 12400 compared to compound interest of  12250.43

the difference = 12400 - 12250.43

= 149.57

therefore the answer is e

What are the implications of formal and informal communications to managers at the workplace​

Answers

Answer:

Formal communication is communication through predefined channels set by organizations. Typically conveyed from top leadership to various departments that funnels down to lower level employees. Formal communication is backed by organizational procedure, and it is necessary to fulfill the goals of the organization. Formal communication is created to increase efficiency within an organization and provides a smooth and streamlined method of communication that travels upward and downward. It is used to easily communicate rules, procedures, and company policy to lower level employees. Also, formal communication is used in situations where documentation is needed to prove or disprove a claim or complaint.

Informal communication is more relational than formal. It is not backed by any predetermined channels and can happen anywhere within the organization. The primary goal of informal communication is to preserve and establish relationships with colleagues, superiors, and subordinates. Since it is not defined by any channels, informal communication moves a lot faster; however, it does not leave a paper trail or official documentation. Informal communication is all about relationships, but it is also critical to businesses because it allows employees to give feedback to their superiors. It facilitates the action of upward interface and enables communication to go both ways efficiently.    

does the business generate sufficient profits​

Answers

Answer:

Yes.

Explanation:

Yes, the business generate sufficient profits​ which provides benefits to the owner as well as to the country because the money that the business produce is used for running of state or country. The profit that the business earned by a company enhance the economy of the country by selling of goods or providing services and this money is used for the welfare and prosperity of people.

Compute and Interpret Measures for DuPont Disaggregation Analysis
Refer to the 2015 fiscal year financial data of 3M Company to answer the following requirements (perform these computations from the perspective of a 3M shareholder).
($millions) 2015 2014
Sales $30,674
Net income, consolidated 5,056
Net income attributable to
3M shareholders 5,048
Assets 32,898 $31,389
Total equity 11,747 13,142
Equity attributable to 3M
shareholders 11,708 13,109
a. Compute the DuPont model component measures for profit margin, asset turnover, and financial leverage. Then, compute ROA.
b. Compute ROE. Confirm that ROE equals ROE computed using the component measures from part a (ROE PM AT FL).
c. Compute adjusted ROA (assume a statutory tax rate of 37% and pretax net interest expense of $123).

Answers

Answer:

solving

Explanation:

ROE = Net income/total assets

5048/(11708+13109)/2

= 0.4068

= 40.68%

A.

net margin = net profit/sales

= 5048/30674

= 0.1646

asset turnover = sales/average total asset

= 30674/(32898+31389)/2

= 0.954

equity multiplier

average total asset/average equity

= [(32898+31389)/2] / [11708+13109)]/2

= 32143.5/12408.5

= 2.59

DuPont model

ROE = 0.1646 x 0.9542 x 2.59

= 0.4068

= 40.68%

this shows that roe equals roe computed from the first roe I solved

ROA

net income/total assets

= 5048/32898+31389)/2

= 5048/32143.5

= 0.1570

= 15.47%

An editorial in the paper argues that a person only should be allowed to attend school if the marginal cost of educating that person is less than the marginal benefit of educating that person. The writer's reasoning is an application of:

Answers

Answer:

c

Explanation:

application of:

A. positive economics. B. negative economics. C. normative economics. D. economic naturalism.

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.  

For example, an increase in input would lead to a decrease in supply of the good is based on economic theory and facts. An increase in input would increase the cost of production and this would discourage sellers from producing.  

Normative economics is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small

Why should you stay organized when doing a research paper

Answers

Answer:

cuz if u don't stay organized then the information may lost

Answer:

Staying organized is one of the most important skills when a student first learns

how to write a research paper. It will help your stress levels as well as make the writing process go much faster.

Macroeconomics simply focuses on the annual performance of a particular national economy and ignores its interactions with other national economies around the world.

a. True
b. False

Answers

Answer:

the answer to the question is false

Mannisto Inc. uses the FIFO inventory cost flow assumption. In a year of rising costs and prices, the firm reported net income of $219,017 and average assets of $1,413,720. If Mannisto had used the LIFO cost flow assumption in the same year, its cost of goods sold would have been $36,220 more than under FIFO, and its average assets would have been $31,640 less than under FIFO.

Required:
Calculate the firm's ROI under each cost flow assumption (FIFO and LIFO).

Answers

Answer:

a) Under the FIFO method:-

ROI = 15.49%.

Under LIFO method:-

ROI = 13.2%

Explanation:

ROI = Net Income * 100 / Avverage assets.

a) Under the FIFO method

[tex]ROI= \frac{219017*100}{1413720} \\ROI = 15.49[/tex]

ROI = 15.49%.

Under LIFO method

[tex]ROI= \frac{182797*100}{1382080} \\ROI=13.2%[/tex]

ROI = 13.2%

Net income Under LIFO= Net income under FIFO-Increased cost of goods sold

= $219017-$36,220= $182797.

Average assets under LIFO= Average assets under FIFO-Average assets that are less under LIFO

= $1413720 - $31,640= $1382080.

If reputable companies such as IBM and Apple have been charged with using bribes to obtain sales, why should you worry about being ethical

Answers

Answer:

1. Reputation.

Apple and IBM are big companies which is why their reputation was able to survive the bribery charges. You are most likely not as big as either of these companies so if you are charged with bribery, your reputation might not be able to recover like theirs did.

It is always best to be associated with a good reputation. A good reputation gives you customers who will be loyal because they appreciate the integrity you have. You should not throw this away by bribing people.

2. Consequences.

It is because Apple and IBM are so big that they were able to settle the bribery charge with the Courts. Smaller companies or people that have lesser effects on the financial system might find that their punishments will be more severe to act as a deterrent.

Data concerning Lemelin Corporation's single product appear below: Per Unit Percent of Sales Selling price $ 230 100 % Variable expenses 115 50 % Contribution margin $ 115 50 % The company is currently selling 7,000 units per month. Fixed expenses are $581,000 per month. The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $20 per unit. In exchange, the sales staff would accept a decrease in their salaries of $113,000 per month. (This is the company's savings for the entire sales staff.) The marketing manager predicts that introducing this sales incentive would increase monthly sales by 300 units. What should be the overall effect on the company's monthly net operating income of this change

Answers

Answer:

Lemelin Corporation

The overall effect on the company's monthly net operating income of this change is an increase of $1,500.

Explanation:

a) Data and Calculations:

Sales units per month = 7,000

Fixed expenses per month = $581,000

                                Per Unit   Percent of Sales

Selling price               $ 230            100 %

Variable expenses         115             50 %

Contribution margin   $ 115             50 %

Income Statements

                                  Before Change      After Change        Difference

Sales unit                        7,000                      7,300                     300

Sales revenue                $1,610,000           $1,679,000           $69,000

Variable cost of sales       805,000                839,500            -34,500

Sales commission           0                               146,000          -146,000

Contribution margin      $805,000              $693,500          ($111,500)

Fixed expenses                581,000                 468,000            113,000

Net operating income  $224,000               $225,500             $1,500

Other Questions
Complete senteces in pass compos.Hier soir, je me suis couch ----- (se coucher) trop tard et, quand je ----- (se rveiller), j'tais fatigue. Mais je voulais jouer au basket, alors je ----- (se lever). Mon amie est venue me chercher et je ----- (s'endormir) dans la voiture! Je pense que mon amie ----- (s'nerver) un peu contre moi. Nous ----- (se prparer) pour le match et nous ----- (se mettre) jouer. [100 point question answer asap]find the areas of the trapezoids who is the best 3-point shooter in the nba history Answer each of the following independent questions. 1. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $64,000 cash immediately, (2) $20,000 cash immediately and a six-period annuity of $8,000 beginning one year from today, or (3) a six-period annuity of $13,000 beginning one year from today. Assuming an interest rate of 6%, which option should Alex choose? 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2025. Weimer will make annual deposits of $100,000 into a special bank account at the end of each of 10 years beginning December 31, 2016. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2025? Name the site of erythropoiesis in adults Assume that your firm wants to choose between two project options:Project A: Br. 500,000 invested today will yield an expected income stream of Br150, 000 per year for 5 years, starting in Year 1.Project B: an initial investment of Br 400,000 is expected to produce this revenue stream: Year 1 = 0, Year 2 = Br 50,000, Year 3 = Br 200,000, Year 4 = Br300, 000, and Year 5 = Br200, 000. Assume that a required rate of return for your company is 10% and that inflation is expected to remain steady at 3% for the life of the project. Which is the better investment? Why? Why do you think the parts of the body have different sensitivities? Write an argument to support your explanation. if the kids eat too much candy,............they a stomachache in vo ch trng cho em vs FDR's goal for{ } was to change the balance of power If the Court to be pro-Second New Deal A person is bedfast. To prevent pressure ulcers What does stage 4 show?A. A young female cone with fertilized eggs matures into a seedcone.B. A spore divides and grows into a pollen grain using mitosis.C. Young male cones produce spores using meiosis.D. A seed that contains an embryo plant grows into a young pinetree. Street name of address is the variable qualitative or quantitative Substitute w = 4 into the following expression10 4w En que orden se deben escribir las funciones, para aplicar la integral definida cuando se desea calcular el rea? Use technology to find the line of best fit for the following data.(1, 0), (2, 3), (3,1), (4,4), (5,5)When the equation of the line is in the form y=mx+b, what is the value of **b**?Enter your answer as a decimal rounded to the nearest tenths place, like this: 42.5 Read the article and use the information to answer the following questions.Cystic FibrosisList four symptoms associated with cystic fibrosis. What are equivalent statements to a + 3 = 18 and 4 b = 32? Read the sentence. In this sentence, the word "herself" is acting as a(n) Mariko decided to bake the cake herself. O reflexive pronoun reciprocal pronoun. objective pronoun. intensive pronoun. In the population of plant K, each plant has only red flowers or only white flowers. A farmer collected the seeds from plant K with red flowers to grow new plants. Explain why the new plants will have only red flowers what do you thing?where do you live?