The total contribution margin is $226,800 as per the information provided.
Total Sales $ 360,000, Variable expenses 198,000
Contribution margin 162,000 , Fixed expenses 112,000
Net operating income $ 50,000
Total contribution margin if sales volume increases by 40%:
The contribution margin is calculated using the formula:
Contribution Margin = Total Sales - Total Variable Costs
Total Contribution Margin if sales volume increases by 40%
Sales increase by 40%,
the new sales volume will be:
New Sales Volume = 360,000 + 40% of 360,000
New Sales Volume = 360,000 + 144,000 = $ 504,000
Contribution margin = Total sales - Total variable costs
= $360,000 - $198,000 = $162,000
New contribution margin = Total sales - Total variable costs (40% increase)
= $504,000 - $277,200 = $226,800
Therefore, the total contribution margin is $226,800.
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1 Which one of the following is not Which one of the key roles / purposes of marketing within
business?
A To identify potential customer groups
B To inform customers about the business's product or service
C To prepare cash flow forecasts
D To understand customers and their needs
Your answer
i
Imagine that you are serving as the general manager of a hotel. What three aspects do you think would be most important to the success of your hotel? How would you improve these facets of your hotel?
Answer:
1. Create and give innovative experience.
2. Brand and reputation operation
3. Improvement in workers general welfare
Explanation:
As a manager in an hotel, I would Improve the facets of the hotel by
1. Create and give innovative experience. As a manager, I would ensure the hotel create and delivers top notch service considering there are competition in the hospitality industry.
2. Brand and reputation operation. When customers receives a world class experience, reputation is being created here. I would then sustain this reputation by making it a brand upon which the hotel will be identified with subsequently.
3. Improvement in workers general welfare. This is very critical to the success of the hotel. Once workers are well paid , it would spur them to work and align with the vision I have for the hotel.
THIS IS BUSINESS ENGLISH!
HELP!
What are three characteristics of successful entrepreneurs? (Select three)
A- Creative
B- Young
C- Determined
D- College graduate
E- Enthusiastic
Answer:
Creative
Enthusiastic
Deteined
Green Ltd. had an asset. The asset was purchased before 3 years for $10,000 The Company applied depreciation, so the accumulated depreciation on December 31, 2020, was $3,000. Other information (on December 31, 2020): The fair value less cost of disposal was $4,500 The value-in-use was $5,600 Required: Answer the questions below. 1. 1. What would be the carrying amount of the asset on December 31, 2020: What would be the recoverable amount of the asset on December 31, 2020: 2. 11. Show the double journal entry regarding the impairment. Use the table below for double journal entries. The number of rows in the table does not necessarily match the number of rows to be used. Meaning: there could be additional lines.
Carrying amount of the asset on December 31, 2020: $7,000. Recoverable amount of the asset on December 31, 2020: $4,500.
Green Ltd. had an asset that was purchased for $10,000 three years ago and had accumulated depreciation of $3,000 as of December 31, 2020. On that date, the fair value less cost of disposal of the asset was $4,500, and its value-in-use was $5,600. The carrying amount of the asset as of December 31, 2020, would be $7,000, and the recoverable amount of the asset would be $5,600. The double journal entry for the impairment of the asset would involve a debit to the impairment loss account for $1,400 and a credit to the accumulated depreciation account for $3,000 and a credit to the asset account for $4,400.
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Janae works for a large sports arena. She is in charge of planning events to help build a relationship between the members of the local community and the arena. The company hopes this will encourage people to see the arena in a positive way. Which of the following terms best describes Janae's career?
A
sales
B
logistics
C
public relations
D
engineering
Which of the following countries did not trade with the Phoenicians?
O Babylonia
Japan
O Egypt
Greece
1. Which is an example of fiscal policy?
A. preventing unions from going on strike
B. raising taxes in order to cover a budge deficit
C. Restricting the amount of money that banks can lend
D. increasing the level of minimum wage
2. Which is an example of fiscal policy?
A. decreasing the interest rates on loans charged to car companies
B. deploying troops to help citizens cope with natural disaster
C. going into debt to buy a large number of vehicles
D. limiting the number of foreign cars that can be sold in the United Stats
Answer:
A. decreasing the interest rates on loans charged to car companies
What is the straight time pay for each of the following for a 40 hour week
With the emergence of smartphones, users no longer have to carry a separate music player, a video game, a laptop, or a magazine to keep themselves entertained when traveling. A smartphone is loaded with a variety of applications to satisfy all the customer needs that different industries or products individually satisfied earlier. As a result, the smartphone industry has been posing a threat to a lot of other unrelated industries. What is this phenomenon best known as
Answer: Industry Convergence
Explanation: Industry Convergence has been boosted by the increased leverage of science and technology to various industries which has seen many industries break from the traditional single market focus and transition in a more robust cross industry focus whereby industries can incorporate several individual product into its production plan thereby providing more value added product and services. Smartphone companies as described above have integrated several single market products such as radio, music player, gaming, internet connectivity, camera and video recording, flash light(torch) and so on. thereby creating a robust and cross-industry product which adds more value and products able to withstand competition.
what is the monthly payment size of a 23-year mortgage for $165 600 and an interest rate of 5.25% compounded monthly?
The monthly payment size of a 23-year mortgage for $165,600 and an interest rate of 5.25% compounded monthly is $988.29.
We first need to calculate the total number of monthly payments over the 23-year period. 23 years is equivalent to 276 months (23 years x 12 months per year). 1. Convert the annual interest rate to a decimal: 5.25% = 0.05252. Convert the annual interest rate to a monthly interest rate by dividing by 12: 0.0525 / 12 = 0.0043753.
By applying the mortgage payment formula and converting the annual interest rate to a monthly interest rate, we calculated the monthly payment to be $990.27 over the 23-year loan period.
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Tennyson's ultimate goal is to work as the CEO of an advertising agency. One of her goals is to "gain the required experience for the position." What type of goal would this be?
OA performance-based
OB. time-based
O C.
OD. long-term
mid-term
The type of goal that is been used when Tennyson's ultimate goal is to work as the CEO of an advertising agency and one of her goals is to "gain the required experience for the position is B. time-based goal.
What is time-based goal?
Time-based goal can be described as the goal that is been focused so that it can be achieved on a target date, it involve focusing on a particular thing at a time so as to be successful in it.
In conclusion, from the case above , we can see that her goal is to work as the CEO of an advertising agency which is specific and have time.
Therefore, option B is correct.
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When consumers are evaluating alternatives, they will clarify the information they have gathered in what three ways?.
The three ways in which consumers clarify information when evaluating alternatives are:
by coming up with brand names that might meet their criteria. by suggesting criteria to use for the purchase. by developing consumer value perceptions. What is Consumer Alternative?This refers to the different choices which a consumer has because of the access he has to wide range of similar products.
With this in mind, we can see that when consumers are making evaluations and want to clarify information about the alternatives they can take, they come up with brand names, suggest criteria and then then develop consumer value perceptions.
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The "Dual Aspect" explains that every transaction affects at least two items in the basic accounting equation and preserves the equation’s equality. What is the fundamental accounting equation? (2 points)
Answer:
Assets = Liabilitites + Shareholder's equity
Explanation:
The fundamental accounting information is seen above; i.e, Assets = liability + shareholders. This means that an individual's asset is the combination of liability and shareholders equity.
This was the basis of many other accounting equation, such as the double entry.
Cheers
what talent management principle relates to training some people and hiring others from the external marketplace to meet specific human capital needs for the company?
Make and Buy talent management principle relates to training some people and hiring others from the external marketplace to meet specific human capital needs for the company.
Management is the management of an organization, whether it is a company, a non-profit organization, or a state body. It is the art and science of enterprise resource management.
Management involves the activities of setting an organization's strategy and coordinating the efforts of its employees (or volunteers) to achieve its goals through the use of available resources such as financial, natural, technological, and human resources. "Run the business"and "Change the business" are two terms used in management to distinguish between continuously delivering goods or services and adapting goods or services to changing customer needs - see a trend. The term "management" can also refer to those people who run the organization - managers.
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Selena's Gift Shop Selena's Gift Shop reports the following data on 12/31/2021:
Cost of Goods Sold $20,500
Accounts Payable $1,900
Cash $26,200
Operating Expenses $8,400
Sales Discounts $900
Sales $46,000
Equipment $14,000
Accumulated Depreciation $3,000
Sales Return $ Allowances $1,500
Prepare the Income Statement for Selena's Gift Shop on 12/31/2021 Sales
Selena's Gift Shop
Income Statement
For the Year Ended December 31, 2021
Net Sales: $43,600
Cost of Goods Sold: $20,500
Gross Profit: $23,100
Operating Expenses: $8,400
Operating Profit: $14,700
Depreciation Expense: $0
Net Profit: $14,700
To prepare the income statement for Selena's Gift Shop on 12/31/2021, we need to calculate the net sales and subtract the cost of goods sold and operating expenses. Let's break it down step by step:
1. Calculate net sales:
Net Sales = Sales - Sales Discounts - Sales Returns and Allowances
Net Sales = $46,000 - $900 - $1,500
Net Sales = $43,600
2. Calculate gross profit:
Gross Profit = Net Sales - Cost of Goods Sold
Gross Profit = $43,600 - $20,500
Gross Profit = $23,100
3. Calculate operating profit:
Operating Profit = Gross Profit - Operating Expenses
Operating Profit = $23,100 - $8,400
Operating Profit = $14,700
4. Calculate net profit:
Net Profit = Operating Profit - Depreciation Expense
Net Profit = $14,700 - $0 (since depreciation expense is not given)
Net Profit = $14,700
Please note that the income statement does not include the values for Accounts Payable, Cash, Equipment, and Accumulated Depreciation as they are balance sheet items and not directly related to the income statement. The income statement focuses on the revenue, expenses, and resulting profit or loss for a specific period of time.
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What is the difference between a planned market economy and a mixed market economy?
Answer:in centrally planned economy market the means of production are predominantly owned by the state while in mixed economy the means of production are owned and controlled by both government and private persons. It is a mixture of planned and free enterprises
Explanation:
Which of the following would NOT be considered an argument in favor of knowledge-based pay?
a. Employees focus on growth and the accumulation of new knowledge.
b. The organization will gain flexibility.
c. The organization will develop a more knowledgeable workforce.
d. Assessing what a person knows is much easier than assessing what the person does.
e. Employees are paid for what they are worth to the company.
The argument that "Assessing what a person knows is much easier than assessing what the person does" would NOT be considered an argument in favor of knowledge-based pay.
Knowledge-based pay is a compensation system that rewards employees for acquiring and applying new knowledge and skills that are relevant to their job. In knowledge-based pay systems, employees are paid for what they know, rather than what they do.
The arguments in favor of knowledge-based pay include:
a. Employees focus on growth and the accumulation of new knowledge: In a knowledge-based pay system, employees are encouraged to learn and develop new skills. This can lead to a more motivated and engaged workforce, as employees have a clear incentive to acquire new knowledge.
b. The organization will gain flexibility: A more knowledgeable workforce can adapt to changes more easily, which can increase the organization's flexibility and ability to respond to new challenges.
c. The organization will develop a more knowledgeable workforce: By rewarding employees for acquiring new knowledge, knowledge-based pay systems can help to develop a more knowledgeable and skilled workforce.
e. Employees are paid for what they are worth to the company: Knowledge-based pay systems reward employees for the value they bring to the organization, rather than simply the tasks they perform. This can help to ensure that employees are fairly compensated for their contributions.
In contrast, the argument that assessing what a person knows is much easier than assessing what the person does is not a direct argument in favor of knowledge-based pay. While it may be true that assessing knowledge is easier than assessing performance, this is not a specific advantage of knowledge-based pay systems.
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The concession stand at the local high school sells pretzels and lemonade. The total cost of two pretzels and a lemonade is $5. 75. The total cost of two lemonades is $0. 25 more than the cost of a pretzel. What is the cost of a pretzel? $1. 25 $2. 00 $2. 25 $2. 75.
The cost of a pretzel at the local high school concession stand is $2.25.
The cost of a pretzel at the local high school concession stand can be determined using the given information. The total cost of two pretzels and lemonade is $5.75, while the total cost of two lemonades is $0.25 more than the cost of a pretzel. By solving the equations, it is possible to find the cost of a pretzel.
Let's assume the cost of a pretzel is x dollars. According to the given information, the total cost of two pretzels and lemonade is $5.75. This can be represented as 2x + 1.25 = 5.75 (since the total cost of two lemonades is $0.25 more than the cost of a pretzel). Simplifying the equation, we get 2x = 5.75 - 1.25, which is equal to 4.50. Dividing both sides of the equation by 2, we find that x, the cost of a pretzel, is 2.25.
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___ is evaluating similar items to check quality and price
Answer:
Cost?
Explanation:
generally, in comparison to a donee beneficiary, a creditor beneficiary has
Main answer: Generally, in comparison to a donee beneficiary, a creditor beneficiary has an enforceable right to demand performance from the promisor.
Explanation: A creditor beneficiary is a third-party beneficiary that is owed a debt by the promisor and is entitled to enforce that obligation. In contrast to a donee beneficiary, who is the beneficiary of a contract that is intended to give a gift to the beneficiary rather than to satisfy a debt, the creditor beneficiary has an enforceable right to demand performance from the promisor.
The main purpose of creditor beneficiaries is to create enforceable rights and obligations between a promisor and a third party who is not a party to the contract. The creditor beneficiary has a right to demand the performance of the promise made by the promisor, and the promisor has an obligation to perform under the contract. This creates a legal relationship between the creditor beneficiary and the promisor that would not exist otherwise.
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A company can act ethically toward employees and meet their expectations by A. improving their products over time and providing guarantees to customers about the integrity of their products. B. selling customers quality products at a fair price and providing good after-sales service. C. maximizing the stockholders' return on investments. D. creating an occupational structure that fairly and equitably rewards organization members for their contributions. E. implementing a high-power distance culture and discouraging decentralized decision making.
Answer:
D. creating an occupational structure that fairly and equitably rewards organization members for their contributions
Explanation:
When the company acts ethically for the employees and meeting their expectations so this could be possible when the organization structure is properly developed that represent contribution made by the members of the organization is quite fair and equitable and for the same the rewards is also provided so that they feels motivated
Hence, the option d is correct
List three ways you can use an electric current Describe the energy change that takes place in each of the three situations
In all three cases, the electric current facilitates the transfer and transformation of energy from electrical form to the desired form, such as light, heat, or mechanical motion.
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2. Sally's favorite department store is offering an incredible deal this week on their store
credit card. The deal states that if she spends $100, she gets $50 off her first bill. She
does have some money saved up to spend in her checking account. This store is also
having one of their biggest sales of the year. Should she open up a department store credit
card? What additional information would be important to know to make a more informed
decision?
Yes Sally has to open the the department store credit.
The additional information that Sally would have to know in order to make the informed decision would be:
The rate of interestThe durability of cardWhat is meant by store credit?When a client returns items that cannot be swapped, a business typically offers a shop credit. When a customer returns an item that is not qualified for a refund, the retailer will provide the customer a shop credit. It can be used to purchase additional items in the store.
A more limited form of reimbursement is store credit. The customer is given credit for the value of the returned good or service to be used on future purchases from the same company. Though it doesn't have to be done one-to-one, this is comparable to a goods exchange.
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What can you get with a 750 credit score?
With a 750 score, you'll have access to credit cards with some of the best perks. These include no annual fees, sign-up bonuses and travel rewards. You'll probably also qualify for higher credit limits, giving you more options for spending throughout every month.
What is credit?Credit is the customer's ability to purchase products or services before making a payment, based on the expectation that they will have the means to pay for them in the future.Credit is a sum received that is displayed on the right side or column of an account in an entry recording for accounts.Your financial strength contributes to the credit. With the knowledge that you may make payments later, you can obtain what you need right away, like a credit card or a car loan. Making a plan to improve your mortgage ensures that you will ask for credit if necessary.The many financial reporting agencies that the borrowers use to determine the worth of the loan use your statement as the foundation to calculate your credit score.To learn more about credit refer to:
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in which stage of the product life cycle isencouraging trial purchasesthe primary marketing challenge?
Gaining extensive product identification and encouraging consumer product trials are the overarching objectives of the introduction stage.
Which point of the product life cycle presents the most marketing challenge—encouraging trial purchases? The overarching objective of the introduction stage is to promote consumer product trials and broaden brand identification.The target audience for marketing initiatives should be innovators' customers, who are most inclined to purchase innovative products.Evaluation as opposed to creation or growth.In a procedure that aims to create a successful product, test marketing is the last stage.The "ideal" process starts with the creation of fresh product concepts and finishes with the assessment of a comprehensive marketing strategy.A company will begin expanding the product's user base, availability, and audience during the product life cycle's maturity stage.It can now consistently hold onto a market share.As long as demand is rising, a company will also keep expanding its production and logistics.To learn more about product life cycle refer
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Which type of commercial formula requires dilution with equal parts water?oReady-to-feedReady-to-feed formula does not require dilution; it comes premixed and is ready to use.CorrectoConcentrateConcentrate formula requires dilution with equal parts of formulaand water.oPowderPowder formula requires mixing of 2 oz of water with every scoop of formula
The correct option is B, commercial formula requires dilution with equal parts water is type of Concentrate. Concentrate formula requires dilution with equal parts of formula and water.
A commercial formula is a specific recipe or formula used to produce a commercial product. It is a set of instructions that includes the exact proportions of each ingredient needed to make a product consistently, efficiently, and cost-effectively. These formulas are typically created for products that will be mass-produced, such as food items, cleaning products, and personal care items.
The ingredients used in commercial formulas are carefully chosen to ensure the final product meets specific standards for quality, consistency, and shelf life. The formula may also include details on the manufacturing process, including equipment specifications and temperature requirements. The goal of a commercial formula is to produce a product that meets all regulatory requirements while maximizing efficiency and minimizing costs.
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Complete Question: -
Which type of commercial formula requires dilution with equal parts water?
A. Ready-to-feed. Ready-to-feed formula does not require dilution; it comes premixed and is ready to use.
B. Concentrate. Concentrate formula requires dilution with equal parts of formula and water.
C. Powder. Powder formula requires mixing of 2 oz of water with every scoop of formula.
D. Hydrolysate formula. Hydrolysate formula is a category of infant formula that may be available as ready-to-feed, concentrate, or powder. Preparation ofthis formula should follow the instructions on the container.
Managerial accountants are required to possess which of the following skills?A) Analytical skillsB) Oral and written communication skillsC) The ability to work on a teamD) All of the above
All of the above, Managerial accountants need analytical skills, communication skills, and the ability to work on a team to excel in their role.
Managerial accountants are professionals responsible for providing financial information and analysis to support managerial decision-making within an organization. Given the nature of their role, they are required to possess a combination of skills. Analytical skills are essential for analyzing financial data, identifying trends, and interpreting complex information to support decision-making. Oral and written communication skills are necessary for effectively conveying financial information to various stakeholders, such as managers, executives, and non-financial professionals. The ability to work on a team is important as managerial accountants often collaborate with other departments and professionals within the organization. Therefore, possessing analytical skills, communication skills, and the ability to work on a team are all crucial for managerial accountants to perform their roles effectively.
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On April 20, 2020, Javier Sanchez purchased and placed in service a new 7-year class asset costing $455,600 for use in his landscaping business, which he operates as a single member LLC (Sanchez Landscaping LLC). Rather than using bonus depreciation, Javier would like to use § 179 to expense $200,000 of this asset and then use regular MACRS to cost recover the remaining cost. During 2020, his business generated a net income of $546,720 before any § 179 immediate expense election
Javier can expense $200,000 of the asset under § 179, reducing his taxable income to $346,720. He can then use regular MACRS to recover the remaining cost of the asset over its useful life of 7 years.
To calculate the expense under § 179, Javier can deduct up to $200,000 from his taxable income for the asset in the year it was placed in service.
This deduction cannot exceed his net income. In this case, Javier's net income is $546,720.
Therefore, Javier can deduct the full $200,000 under § 179 since it is less than his net income.
This will reduce his taxable income to $346,720 ($546,720 - $200,000).
After applying § 179, Javier can use regular MACRS to recover the remaining cost of the asset.
MACRS allows him to depreciate the asset over its useful life, which in this case is 7 years for a 7-year class asset.
The MACRS depreciation amount will depend on the specific depreciation schedule for the asset.
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Vertical disintegration occurs when a company: a. uses its capital resources to purchase its competitor. b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company. c. decides to exit industries to its core industry. d. decides to acquire its suppliers and distributors. e. decides to sell its business model to another company.
Answer:
b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.
Explanation:
Vertical disintegration occurs when a company takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.
A common or popular example of vertical disintegration is Hollywood because it comprises of specialized business firms that are saddled with the responsibility of performing specific tasks or services such as creating movie trailers, posters, editing, sound effects, special effects, lighting, etc.
Generally, vertical disintegration help business firms or organizations to share risk associated with doing business among themselves.
1.If one changes the contribution rates in the objective function of an LP,the feasible region will change.the slope of the isoprofit or isocost line will change.the optimal solution to the LP is sure to no longer be optimal.All of these
When changing the contribution rates in the objective function of an LP, the feasible region will indeed change. This is because the feasible region is determined by the constraints of the LP, and any change in the objective function can affect the constraints in some way.
For example, if the contribution rate of one variable is increased, it may affect the limits of another variable and change the feasible region. Furthermore, the slope of the iso-profit or isocost line will also change. This is because the slope of these lines is determined by the contribution rates of the variables in the objective function. So, if the contribution rates change, then the slope of the iso-profit or isocost line will change as well.
Lastly, the optimal solution to the LP is sure to no longer be optimal. This is because the optimal solution is determined by the original objective function and constraints. If any of these change, then the optimal solution will also change. It is possible that the new optimal solution may be better or worse than the original solution, but it will not be the same.
In summary, changing the contribution rates in the objective function of an LP can have significant impacts on the feasible region, the slope of iso-profit or isocost lines, and the optimal solution. It is important to carefully consider any changes to the objective function and assess the potential effects on the LP before making any adjustments.
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