As the marketing manager, you know the product (s) has to be right. The PC industry is competitive, lifecycles are short, and the marketing mix ingredients have to be correct.Looking at the points covered in products:Apply the theory of benefits to the computers MJA, Inc. wish to sell. What benefits are consumers really getting from purchasing one of MJA, Inc. PC’s? What particular product decisions are important in the product planning process?

Answers

Answer 1

Answer:

no answer

hmm i dont get it


Related Questions

supply a reason for a decline in the balance of the current account​

Answers

^^^^ what they said!

On January 1, 2019, Metco Inc. reported 268,000 shares of $5 par value common stock as being issued and outstanding. On March 24, 2019, Metco Inc. purchased for its treasury 3,000 shares of its common stock at a price of $38.00 per share. On August 19, 2019, 610 of these treasury shares were sold for $46.50 per share. Metco's directors declared cash dividends of $0.40 per share during the second quarter and again during the fourth quarter, payable on June 30, 2019, and December 31, 2019, respectively. A 2% stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year. Calculate the number of shares of stock issued in the stock dividend.

Answers

Answer:

The number of shares of stock issued in the stock dividend is 5,312.20 shares.

Explanation:

This can be determined as follows:

Number of shares before stock dividend = Number of shares reported on January 1, 2019 - Number of shares purchased for its treasury on March 24, 2019 + Number of treasury shares were sold on August 19, 2019 = 268,000 - 3,000 + 610 = 265,610

Number of dividend shares = Number of shares before stock dividend * Rate of stock dividend issued = 265,610 * 2% = 5,312.20

Therefore, the number of shares of stock issued in the stock dividend is 5,312.20 shares.

Tonya, who lives in California, inherited a $100,000 State of California bond in 2020. Her marginal Federal tax rate is 35%, and her marginal state tax rate is 5%. The California bond pays 3.3% interest, which is not subject to California income tax. She can purchase a corporate bond of comparable risk that will yield 5.2% or a U.S. government bond that pays 4.6% interest. What is the after-tax income from each bond

Answers

Answer: See explanation

Explanation:

The after-tax income from each bond is given below:

• California bond

This will be calculated as the inherited amount of California bond multiplied by the interest rate

= $100,000 × 3.30%

= $100,000 × 0.033

After tax interest revenue = $3300

Note that there are no deduction for Federal income, and California tax here.

• Corporate bond.

Inherited amount of corporate bond = $100,000

Multiply: Interest rate = 5.20%

Before tax interest revenue = ($100,000 × 5.20%) = $5,200

Less: Federal income tax = ($5,200 × 35%) = ($1,820)

Less: California tax = $5,200 × 5% = $260

Less: Federal tax benefit = ($260 × 35%) = $91

After tax interest revenue = $3,211

• U.S Government bond

Inherited amount of U.S. government bond = $100,000

Multiply: Interest rate = 4.60%

Before tax interest revenue = $4,600

Less: Federal income tax = $4,600 × 35% = $1,610

Less: California tax = $0

Less: Federal tax benefit on the state income tax paid = $0

After tax interest revenue = $4600 - $1610 = $2,990

Bruin Company received a $100,000 insurance payment on the death of its company president. The company annually paid $1,000 of non-deductible insurance premiums on the policy. Bruin reported the insurance receipt as income and deducted the premium payments on its books. For ASC 740 purposes, the income and deduction are characterized as:

Answers

Answer:

The description as per the given scenario is explained in the segment below.

Explanation:

The receipt of benefits would be a mandatory beneficial improvement as well as the premium charge seems to be a permanently undesirable distinction to be made.Besides ASC 740 considerations, the profits earned as initial deposit mostly on the dissolution of the organization's president as well as higher price loss on either the policy shall be defined as a permanent insurance gain as well as a constant unfavorable premium gap.

Chino Company reported net income of $23,000 for the current year. During the year, Inventory decreased by $7,500, Accounts Payable decreased by $8,250, Depreciation Expense was $10,500, and Accounts Receivable increased by $7,000. If the indirect method is used, what is the net cash provided by operating activities?
A). $25,750.
B). $56,250.
C). $42,250.
D). $11,000.

Answers

Answer: A). $25,750.

Explanation:

Cash from operating activities refers to cash from the business operations of the company.

Formula is:

= Net Income + Depreciation + Decrease in inventory - Accounts payable decrease - Accounts receivable increase

= 23,000 + 10,500 + 7,500 - 8,250 - 7,000

= $25,750

Explanation:

A). $25,750.

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22. An employment contract is an agreement between the manager and top management designed to provide incentives for the manager to act: Group of answer choices Consistently with that of other managers. Independently to achieve the manager's objectives. Independently to achieve top management's objectives. Independently to achieve the customer's objectives.

Answers

Answer:

Independently to achieve top management's objectives.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.

Hence, an employment contract is an agreement between the manager and top management designed to provide incentives for the manager to act independently to achieve top management's objectives because they are playing a fiduciary duty or role.

Contribution Margin and Contribution Margin Ratio
For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions):
Sales $18,169.3
Food and packaging $ 6,129.7
Payroll 4,756.0
Occupancy (rent, depreciation, etc.) 4,402.6
General, selling, and administrative expenses 2,487.9
$17,776.2
Income from operations $ 393.1
Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.
a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place).
b. What is McDonald's contribution margin ratio? Round to one decimal place.
c. How much would income from operations increase if same-store sales increased by $500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest tenth of a million (one decimal place).

Answers

Answer:

See below

Explanation:

Variable food and packaging = $6,129.7

Variable payroll = $4,756.0

Variable general, selling and administrative expenses = 40% × $2,487.9 = $995.16

Fixed general, selling and administrative expenses = 60% × $2,487.9 = $1,492.74

Fixed occupancy = $4,402.6

Total fixed cost = $1,492.84 + $4,402.6 = $5,895.34

Total variable cost = Variable food and packaging + Variable payroll + Variable general, selling and administrative expenses

= $6,129.7 + $4,756 + $995.16

= $11,880.86

a. McDonald's contribution margin

= Sales - Variable cost

= $18,169.3 - $11,880.86

= $6,288.44

b. McDonald's contribution margin

= Contribution margin / Sales

= $6,288.44 / $18,169.3

= 34.61%

c. Increase in operating income

= $500 million × 34.71

= $173,050,000

The adjusted trial balance for Concord Corporation at the end of the current year, 2018, contained the following accounts.
5-year Bonds Payable 8% $3000000
Interest Payable 51000
Premium on Bonds Payable 100000
Notes Payable (3 months.) 42000
Notes Payable (5 yr.) 167000
Mortgage Payable ($17000 due currently) 201000
Salaries and wages Payable 16000
Income Taxes Payable (due 3/15 of 2019) 23000
The total long-term liabilities reported on the balance sheet are:___________.
a. $3351000.
b. $3468000.
c. $3451000.
d. $3368000.

Answers

Answer:

c. $3451000.

Explanation:

The computation of the total long term liabilities reported is shown below:

Year Bonds Payable 8% $3,000,000

Premium on Bonds Payable $100,000

Notes Payable(5 Year) $167,000

Mortgage Payable($201,000-$17,000) $184,000

Total Long-term liabilities $3,451,000

Hence, option c is correct

A new investment project currently under consideration has a negative net present value of $85,000. The project has a life of 10 years and the minimum required rate of return is 8%. The present value factor for an annuity at 8% for 10 periods is 6.71. What is the amount of annual additional cash flow that is required to make this investment attractive

Answers

Answer:

$12,668

Explanation:

Calculation to determine the amount of annual additional cash flow that is required to make this investment attractive

Using this formula

Annual additional cash flow required=Negative net present value /Present value factor for an annuity at 8% for 10 periods

Let plug in the formula

Annual additional cash flow required= $85,000/6.71

Annual additional cash flow required= $12,668

Therefore the amount of annual additional cash flow that is required to make this investment attractive is $12,668

Judge made laws are known as

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I found this online :

In law, common law (also known as judicial precedent or judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written opinions. The defining characteristic of “common law” is that it arises as precedent.

Methods analysis is particularly valuable when it is used on jobs that: (I) are high in labor content. (II) are done frequently. (III) involve a high degree of automation and mechanization. (IV) are unsafe, tiring, unpleasant, and/or noisy. A. I, II, III, and IV B. I, II, and IV only C. II and III only D. II and IV only E. I and III only

Answers

Answer:

B. I, II, and IV only

Explanation:

Job specialization can be defined as a strategic process which typically involves the ability of employees working in an organization to develop specific skills, knowledge, great expertise or professionalism and experience to perform their duties, tasks or job functions effectively and efficiently.

In order to gain the requisite skills, expertise and knowledge for job specialization, it is very important for the employees to have undergone an extensive training and a good number of years in work experience.

The primary purpose of job specialization is to increase efficiency and productivity because the employees are able to specialize in the use of specific tools (equipments) to accomplish their tasks, as well as limit the level of error or mistakes in the production process.

In Business management, method analysis can be defined as the study of the detailed process for the performance of a job i.e how a job is done. Thus, method analysis gives a detailed report on the tasks involved in the performance of a job and how they are to be done.

Basically, methods analysis is particularly valuable when it is used on jobs that:

1. Are high in labor content.

2. Are done frequently.

3. Are unsafe, tiring, unpleasant, and/or noisy.

Following is the stockholders’ equity section of the balance sheet for The Procter & Gamble Company along with selected earnings and dividend data. For simplicity, balances for noncontrolling interests have been left out of income and shareholders' equity information.
$ millions except per share amounts 2014 2013
Net earnings attributable to Procter $10,956 $11,797
& Gamble shareholders
Common dividends 5,883 5,534
Preferred dividends 256 233
Basic net earnings per common share $3.82 $4.12
Diluted net earnings per common share $3.66 $3.93
Shareholders' equity:
Convertible class A preferred stock, $1,195 $1,234
stated value $1 per share
Common stock, stated value $1 per share 4,008 4,008
Additional paid-in capital 63,181 62,405
Treasury stock, at cost (shares held: (69,604) (67,278)
2014--1260.8; 2013--1242.6)
Retained earnings 75,349 70,682
Accumulated other comprehensive (9,333) (2,054)
income/(loss)
Other (761) (996)
Shareholders' equity attributable to $64,035 $68,001
Procter & Gamble shareholders
a. Compute the number of common shares outstanding at the end of each fiscal year. Estimate the average number of shares outstanding during 2014. Round to one decimal place.
2014 million
2013 million
2014 Average million
b. Calculate the average cost per share of the shares held as treasury stock at the end of each fiscal year. Round to two decimal places.
2014
2013
c. In 2014, preferred shareholders elected to convert 40 million shares of preferred stock into common stock. Rather than issue new shares, the company granted 40 million shares held in treasury stock to the preferred shareholders. Prepare a journal entry to illustrate how this transaction would have been recorded. (Hint: use the cost per share for 2013 determined in b.) Enter answers in millions. Round to the nearest million.
Description Debit Credit
Preferred stockTreasury stockAdditional paid-in capital
Additional paid-in capital
Preferred stockTreasury stockAdditional paid-in capital
d. Calculate P&G's return on common equity (ROCE) for fiscal 2014. Round to one decimal place.
2014

Answers

Answer:

See below

Explanation:

a.

2014 $2,747.2 Million

2013 $2,765.4 Million

2014 Average $2,756.3 Million

Working

2014 4,008.0 - 1,260.8 = $2,747.2

2013 4,008.0 - 1,242.6 = $2,765.4

b.

2014 $54.14

2013 $55.21

c.

Account title

Preferred stock A/c Dr. $40.0

Additional paid in capital A/c Dr. $2,128.4

To Treasury stock A/c Cr. $2,168.4

d.

Net earnings attributable to P and G shareholders

$10,956

Shareholder's equity attributable to P and G shareholders $64,035

ROCE

($10,956 / $64,035) × 100

17.1%

The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $1,000 at the end of January, $1,900 at the end of February, $2,800 at the end of March, and so on up to $10,900 at the end of December. At the beginning of the next year, the sequence repeats starting at $1,000 in January and ending at $10,900 in December. This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 800,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earns 12.00 %/year/month on its investments and there is exactly one winning ticket

Answers

Answer:

$0.73

Explanation:

Interest = 12%  = 1% per month

The sequence of monthly payment for indefinite years

$1000, $1900, $28000......... $10900

This means that the monthly payment increases by $900

The equivalent monthly payment can be calculated as

= 1000 + 900 ( A/G , 1% , 12 )

= 1000 + 900 * 5.3814

= 1000 + 4843.26

= $5843.26

present worth of withdrawal = 5843.26 / 1% = $584326

The minimum price that the company will have to sell its ticket to breakeven

= 584326 / 800000

= $0.73

Briefly describe a purchase you made where the customer service level had an effect on the product you selected or where you purchased it?​

Answers

Answer:

pick 'n pay through daily promotions

For each example presented in the following table, identify the self-efficacy dimension being illustrated.
Example Magnitude Strength Generality
You believe that you will be able to perform in at least the 70th percentile in sales in the next quarter compared to the rest of your company's sales force.
You are not sure that you will be able to earn employee of the month given how well Peggy is doing.
Although you were one of the top students in your high school, now that you are in college you are not sure if you will continue to perform in the top 20% of your class.
Use your knowledge of the different motivation theories to answer the question.
If your manager assumed that you are motivated by money and offered incentive pay so that you would earn more money if you did more work, what approach to motivation is being illustrated?
A. Expectancy theory
B. Maslow's hierarchy of needs
C. Scientific management
D. The human relations approach

Answers

Answer:

1) A) MAGNITUDE

B) STRENGTH

C) GENERALITY

2) Option A: Expectancy Theory

Explanation:

A) The correct self-efficacy dimension in this statement is "MAGNITUDE" because you believe that you can complete the task.

B) The correct self-efficacy dimension in this statement is "STRENGTH" because you are reflecting on your previous confidence you had to claim the employee of the month.

C) The correct self-efficacy dimension in this statement is "GENERALITY" because you are estimating the difference in two tasks which are your performance at the top in high school to the performance at top in college now.

2) Answer is expectancy theory because you are motivated to start working hard because of the extra money the manager is offering as incentive to make you work harder.

Kelly owns 500 shares of Boston Corporation common stock which was purchased on March 20, 2000, for $70,000. On August 8 of the current year, she receives a distribution of 500 stock rights. Each stock right has a $10 FMV and the FMV of the Boston common stock is $40 per share. With each stock right, she may acquire on share of Boston common stock for $110.
a. How much gross income must Kelly recognize?
b. What is the basis of each stock right​ received?
c. If she sells the 100 stock rights for $9,000​, what is her​ gain?
d. If she exercises the 100 stock rights on September 8​, what is the basis of the 100 shares she receives and when does the holding period for those shares​ start?

Answers

Answer:

a. How much gross income must Kelly recognize?

$0, the distribution will not increase her gross income.

b. What is the basis of each stock right​ received?

{[(500 x $10)/ (500 x $10 + 500 x $40)] x $70,000} / 500 shares= $14,000 / 500 = $28

c. If she sells the 100 stock rights for $9,000​, what is her​ gain?

gain = $9,000 - (100 x $28) = $6,200

d. If she exercises the 100 stock rights on September 8​, what is the basis of the 100 shares she receives and when does the holding period for those shares​ start?

basis = $2,800 + (100 x $110) = $13,800

A stock index currently stands at 280. The risk-free interest rate is 10% per annum (with semiannual compounding) and the dividend yield on the index is 5% per annum (continuously compounded). The futures price for a six-month contract is closest to the which of following value:________

a. $235.07
b. $287.09
c. $277.11
d. $340.21

Answers

Answer:

b. $287.09

Explanation:

The computation of the future price of a six month contract is shown below;

Given that

Current stock index = 280

Risk free rate = 10% or 0.10

Dividend yield = 5% or 0.05

Periods (n) = 6 months or 0.5 year

now

Futures price = Current stock index × e^(risk free rate - dividend yield) × n

= 280 × e^(0.10 - 0.05) × 0.5

= 280 × e^(0.05) × 0.5

= 280 × e^(0.025)

= 280 × 1.025315

= $287.09

Chuck Wagon Grills, Inc., makes a single productâa handmade specialty barbecue grill that it sells for $210. Data for last yearâs operations follow:

Units in beginning inventory 0
Units produced 20,000
Units sold 19,000
Units in ending inventory 1,000
Variable costs per unit:
Direct materials $ 50
Direct labor 80
Variable manufacturing overhead 20
Variable selling and administrative 10
Total variable cost per unit $ 160
Fixed costs:
Fixed manufacturing overhead $ 700,000
Fixed selling and administrative 285,000
Total fixed costs $ 985,000
Required:
1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill.
2. Assume that the company uses absorption costing. Prepare an income statement.

Answers

1. The computation of the unit product cost for one barbecue grill for Chuk Wagon Grills, Inc., using absorption costing, is $185.

2. The preparation of the income statement for Chuk Wagon Grills, Inc., using absorption costing, is as follows:

Chuk Wagon Grills, Inc.

Income Statement

For the year ended December 31,

Sales revenue         $3,990,000

Cost of goods sold     3,515,000

Gross profit                 $475,000

Selling and Admin. Costs:

Variable 190,000

Fixed     285,000      $475,000

Net income              $0

What is absorption costing?

The absorption costing method captures the total cost of production, including direct and indirect costs.

The costs of selling and administration, whether variable or fixed, are treated as period costs and not assigned to products.

Data and Calculations:

Selling price per unit = $210

Total sales revenue = $3,990,000 ($210 x 19,000)

Beginning inventory = 0 units

Units produced = 20,000

Units sold = 19,000

Ending inventory = 1,000

Variable costs per unit:

Direct materials $ 50

Direct labor 80

Variable manufacturing overhead 20

Variable selling and administrative 10

Total variable cost per unit $ 160

Fixed costs:

Fixed manufacturing overhead $ 700,000

Fixed selling and administrative 285,000

Total fixed costs $ 985,000

Absorption Costing:

Direct materials $ 50

Direct labor 80

Variable manufacturing overhead 20

Total variable production cost per unit = $150

Total variable production cost = $3,000,000 ($150 x 20,000)

Fixed manufacturing overhead $ 700,000

Total manufacturing costs = $3,700,000 ($3,000,000 + $700,000)

Unit product cost = $185 ($3,700,000/20,000)

Cost of goods sold = $3,515,000 ($185 x 19,000)

Cost of ending inventory = $185,000 ($185 x 1,000)

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The following information was drawn from the Year 1 accounting records of Ozark Merchandisers:
1. Inventory that had cost $15,600 was sold for $23,400 under terms 2/20, net/30.
2. Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $550. The merchandise had cost Ozark $440.
3. All customers paid their accounts within the discount period.
4. Selling and administrative expenses amounted to $2,340.
5. Interest expense paid amounted to $210.
6. Land that had cost $6,100 was sold for $7,320 cash.
Required:
A. Determine the amount of net sales.
B. Prepare a multistep income statement.
C. Where would the interest expense be shown on the statement of cash flows?
1. Operating activities.
2. Investing activities.
3. Financing activities.
D. How would the sale of the land be shown on the statement of cash flows? `
1. The full sales price of the land, $10,585, would be shown as a cash inflow from financing activities on the statement of cash flows.
2. The full sales price of the land, $10,585, would be shown as a cash inflow from investing activities on the statement of cash flows.
3. The full sales price of the land, $10,585, would be shown as a cash inflow from operating activities on the statement of cash flows.

Answers

Answer:

Ozark Merchandisers

A. Net sales = $22,850

B. Multi Step Income Statement

Net Sales Revenue     $22,850

Cost of goods sold        15,060

Gross profit                   $7,790

Expenses:

Cash discounts      457

Selling and distr 2,340  2,790

Operating income      $5,000

Gain from Land             1,220

Interest expense            (210)

Income before tax     $6,010

C. The interest expense will be shown:

1. Operating activities.

D. The sale of land on the statement of cash flows:

2. The full sales price of the land, $10,585, would be shown as a cash inflow from investing activities on the statement of cash flows.

Explanation:

a) Data and Calculations:

Sales Revenue $23,400

Less returns            550

Net sales =      $22,850

Cost of goods sold:

Inventory sold   $15,500

Inventory returned  440

Cost of sales = $15,060

Cash Discounts = $457 ($22,850 * 2%)

Selling and admin. expenses = $2,340

Interest expense = $210

Gain from sale of land = $1,220 ($7,320 - $6,100)

Materials used by Square Yard Products Inc. in producing Division 3's product are currently purchased from outside suppliers at a cost of $5.00 per unit. However, the same materials are available from Division 6. Division 6 has unused capacity and can produce the materials needed by Division 3 at a variable cost of $3.00 per unit. A transfer price of $3.20 per unit is established, and 40,000 units of material are transferred, with no reduction in Division 6's current sales. Square Yard Products Inc.'s total operating income will increase by

Answers

Answer: $80,000

Explanation:

First, we'll need to calculate division 3's income from the increase in operations and this will be:

= (40000 × $5) - ($40000 × $3.20)

= $200,000 - $128,000

= $72000

Division 6 income from operation increase will be:

= 40000 × ($3.20 - $3.00)

= 40000 × 0.2

= $8000

Therefore, Square Yard Products Inc.'s total operating income will increase by:

= $72000 + $8000

= $80000

The purpose of charging different prices to different groups of customers is to multiple choice decrease costs and in turn increase profits. Student discounts are an example of this type of pricing. increase revenue, but not profits. Higher holiday airfares are an example of this type of pricing. increase revenue and in turn costs. Senior citizen discounts are an example of this type of pricing. increase revenue and in turn profits. Lower afternoon movie prices are an example of this type of pricing.

Answers

Answer:

increase revenue and in turn profits. Lower afternoon movie prices are an example of this type of pricing.

Explanation:

Price discrimination is defined as the situation where the same product is being sold to different customers at different prices.

This is mostly based in the ability of the customers to pay at the varying amounts.

In the given instance when afternoon movie tickets are sold at lower prices, that rational is that there is lower demand for movies in the afternoon.

As such the price will need to be lowered to encourage people to buy tickets.

However at night people are less busy and demand for movies will be high. Tickets can now be sold at higher prices with the assurance that people will buy

Student discounts are an example of this type of pricing of increase revenue and in turn profits. Lower afternoon movie prices are an example of this type of pricing.

The following information should be considered;

Price discrimination is defined as the situation where the same product is being sold to different customers at different prices. This is mostly based in the ability of the customers to pay at the varying amounts.

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The following information is available for Keyser Corporation for the current year: Beginning Work in Process Cost of Beginning Work in Process: (75% complete) 14,500 units Material $25,100 Started 75,000 units Conversion 50,000 Ending Work in Process Current Costs: (60% complete) 16,000 units Material $120,000 Abnormal spoilage 2,500 units Conversion 300,000 Normal spoilage (continuous) 5,000 units Transferred out 66,000 units All materials are added at the start of production. Refer to Keyser Corporation. Assume that the cost per EUP for material and conversion are $1.75 and $4.55, respectively. What is the cost assigned to ending Work in Process

Answers

Answer:

$71,680

Explanation:

Calculation to determine the cost assigned to ending Work in Process

Equivalent Units * Cost per Equivalent Unit =Total

Work in Process Current Costs 16,000* $1.75 =$28,000

Work in Process Current Costs: (60% complete 9,600*$4.55=$43,680

(16,000*60%=9,600)

Total Cost assigned to ending Work in Process=$28,000+$43,680

Total Cost assigned to ending Work in Process=$71,680

Therefore cost assigned to ending Work in Process is $71,680

ystem anticipates that spending $300,000 on an advertising campaign will increase bed days by 650. The marketing department anticipates that each additional bed day will yield $2,100 in additional revenue and will increase costs by $1,700. The campaign Group of answer choices will reduce profits by $40,000. will increase profits by $40,000. will increase profits by $90,000. will increase profits by $210,000.

Answers

Answer:

Effect on income= -$40,000

Explanation:

First, we need to calculate the unitary contribution margin:

Unitary contribution margin= 2,100 - 1,700= $400

To calculate the effect on income, we need to use the following formula:

Effect on income= total contribution margin - increase in fixed costs

Effect on income= 650*400 - 300,000

Effect on income= -$40,000

The governor has proposed to clean up all the trash on the side of the highway. The project is estimated to cost the tax payers and additional $15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in $12,000 of revenue from the highway being cleaned. Should the governor continue with the project

Answers

Answer:

No, the project will not bring in enough benefit to cover the costs.

Explanation:

In a project or business enterprise there is a need to do a cost-revenue analysis with the aim of maximising profit.

If the revenue generated by a project is more than the cost, then it is viable and profitable.

However if the revenue is less than cost then the project will not be sustainable.

In the given scenario the clean up project is estimated to cost the tax payers an additional $15,000.

The city will have an estimated revenue of $12,000 from the highway being cleaned.

As the revenue is less than the cost it is better to discontinue the project.

One of the themes that came out of the survey responses is that employees take their responsibility of serving fresh, hot food quickly and helping customers find menu items that they will like very seriously. But most of the time, employees do not feel like the work they do is very important. According to the job characteristics theory, which of the following should you do to address this issue?
A. Improve employees' growth need strength.
B. Improve feedback.
C. Improve skill variety.
D. Improve task significance.
C. After carefully considering the most recent employee survey results, you decide that the core issue that you need to address to improve employee motivation is that employees do not seem to know how they are doing relative to what is expected of them. Knowing this, which critical psychological state will you be most targeting in your job redesign initiative?
A. Experienced responsibility for outcomes of the work.
B. Growth need strength.
C. Knowledge of the actual results of work activities.
D. Experienced meaningfulness of the work.

Answers

Answer:

D. Improve task significance.

C. Knowledge of the actual results of work activities.

Explanation:

1. In order to address this issue you should focus on improving task significance. Doing so will increase employee motivation as they will begin actually seeing that their work is important. Being able to visualize the consequences that your work has on others or in general is incredibly motivating in a work environment as it provides purpose to the otherwise mundane tasks.

2. In this case, you would need to target a redesign of Knowledge of the actual results of work activities. Employees need to be able to visualize or atleast hear feedback of how they are performing. This feedback will allow them to adjust their actions/performance and improve upon it. Without this feedback there is no way for the employees to improve as they have no baseline of what is exceptional behavior if they do not have data or an example to compare their performance to.

A chain of video stores sells three different brands of DVD players. Of its DVD player sales, 50% are brand 1 (the least expensive), 30% are brand 2, and 20% are brand 3. Each manufacturer offers a 1-year warranty on parts and labor. It is known that 25% of brand 1's DVD players require warranty repair work, whereas the corresponding percentages for brands 2 and 3 are 20% and 10%, respectively.If a customer returns to the store with a DVD player that needs warranty repair work, what is the probability that it is a brand 1 DVD player

Answers

Answer: 60.98%

Explanation:

Probability that it is a brand 1 DVD player that needs repair work = Probability of brand 1 DVD needing repairs / Probability that a DVD player will need fixing while under warranty

Probability of brand 1 DVD needing repairs = Brand 1 sales percentage * Percentage of brand 1 needed repair

= 50% * 25%

= 12.5%

Probability that a DVD player will need fixing while under warranty = (50%* 25%) + (30% * 20%) + (20% * 10%)

= 20.5%

Probability that it is a brand 1 DVD player that needs repair work = 12.5% / 20.5%

= 60.98%

can integrity be situational

Answers

Explanation:

Hope it will help you to solve your doubt.

Sometimes you only have two options and both of them are bad so you have to choose the best out of those two options
I do think that integrity can be situational
And sometimes you have to do the wrong thing for the right reason

Bob lives in Philadelphia and runs a business that sells guitars. In an average year, he receives $704,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $404,000; he also pays wages and utility bills totaling $286,000. He owns his showroom; if he chooses to rent it out, he will receive $3,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Bob does not operate this guitar business, he can work as an accountant, receive an annual salary of $20,000 with no additional monetary costs, and rent out his showroom at the $3,000 per year rate. No other costs are incurred in running this guitar business.
Identify each of Charles's costs in the following table as either an implicit cost or an explicit cost of selling guitars
Implicit Cost Explicit Cost
1. The wholesale cost for the guitars that Charles pays the manufacturer
2. The wages and utility bills that Charles pays
3. The salary Charles could earn if he worked as an accountant
4. The rental income Charles could receive if he chose to rent out his showroom
Complete the following table by determining Charles's accounting and economic profit of his guitar business.
Profit (Dollars)
Accounting Profit
Economic Profit

Answers

Answer:

Explicit Cost

1. The wholesale cost for the guitars that Charles pays the manufacturer

2. The wages and utility bills that Charles pays

Implicit cost

3. The salary Charles could earn if he worked as an accountant

4. The rental income Charles could receive if he chose to rent out his showroom

$14,000

Economic profit = $-9000

Explanation:

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Accounting profit = $704,000 - ( $404,000 + $286,000) = $14,000

Economic profit = $14,000 - ($3000 + $20,000) =$-9000

g Marlboro Construction enters into a contract with a customer to build a warehouse for $725,000 on April 15, 2021 with a completion date of September 15, 2021. The contract contains a performance clause such that Marlboro will receive a $12,000 bonus for each week the contract is completed early. Likewise, the agreed contract price will be reduced by $12,000 for each week the contract is completed after the due date. These clauses are commonly included in Marlboro contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability September 1 10% September 8 30% September 15 25% September 22 20% September 29 15% The transaction price for this transaction, using the most likely amount method is A. $471,250 B. $725,000 C. $737,000 D. $713,000

Answers

Answer:

B. $725,000

Explanation:

The expected value for the contract will be :

10% ($725,000 + 12,000 + 12,000 ) + 30% ($725,000 + 12,000 ) + 25% ($725,000 ) + 20% ($725,000 - 12,000 ) + 15% ($725,000 - 12,000 - 12,000 )

= $ 74,900 + $221,100 +$181,250 + $142,600 + $105,150 = $725,000

Marlboro constructions expected value of the contract is 725,000 based on the given probability estimates of contract completion.

The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials $ 123,700 Work in process 119,900 Finished goods 77,800 April 30 Inventory balances Raw materials $ 85,500 Work in process 145,200 Finished goods 81,700 During April Costs of raw materials purchased $ 118,500 Costs of direct labor 100,100 Costs of manufacturing overhead 61,700 Sales revenues 353,000 Required Prepare a schedule of cost of goods manufactured and sold. Calculate the amount of gross margin on the income statement.

Answers

Answer:

Cost of goods manufactured $293,200

Gross margin $63,700

Explanation:

Flaxman manufacturing company

Income statement for April

Sales revenue $353,000

March 1, Inventory balance raw materials

$123,700

Add: raw materials purchased

$118,500

Less April 31, Inventory balance raw materials

$85,500

Raw materials used $156,700

Cost of direct labor

$100,100

Cost of manufacturing overhead

$61,700

Total manufacturing costs $318,500

Add work in process

$119,900

Cost of goods available for manufacturing

$438,400

Less ending work in process

$145,200

Cost of goods manufactured

$293,200

Add finished goods at the beginning

$77,800

Cost of goods available for sale

$371,000

Less finished goods at ending

$81,700

Cost of goods sold

$289,300

Gross margin

$63,700

We arrived at the gross margin by deducting cost of goods sold from sales revenue

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