Answer:
Margin of safety = 3190.922902 units rounded off to 3191 units
Explanation:
Margin of safety is the cushion or extra number of units that the business sells over the break even point in units. The break even point is the point where total revenue equals total cost and the business earns no profit or no loss. To calculate the margin of safety in units, we deduct the break even number of units from the budgeted number of units or sales.
Margin of safety = Budgeted units - Break even number of units
First we need to calculate the break even in units. The formula for break even in units is,
Break even in units = Fixed cost / (Selling price per unit - Variable cost per unit)
Break even in units = 9376 / (6.74 - 2.33)
Break even in units = 2126.077098 rounded off to 2126 units
Margin of safety = 5317 - 2126.077098
Margin of safety = 3190.922902 units rounded off to 3191 units
The margin of safety = 3190.922902 units rounded off to 3191 units
What is margin of safety?The margin of safety is the cushion or extra number of units that the business sells over the break-even point in units. The break-even point is the point where total revenue equals total cost and also the business earns no profit or no loss. To calculate the margin of safety in units, we deduct the break-even number of units from the budgeted number of units or sales.
"The margin of safety = Budgeted units - Break-even number of units"
First, we'd like to calculate the break-even in units. The formula for break-even in units is,
Break-even in units = fixed charge / (Selling price per unit - Variable cost per unit)
Break-even in units = 9376 / (6.74 - 2.33)
Break-even in units = 2126.077098 rounded off to 2126 units
Margin of safety = 5317 - 2126.077098
The margin of safety = 3190.922902 units rounded off to 3191 units
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On December 1, 2021, Davenport Company sold merchandise to a customer for $20,000. In payment for the merchandise, the customer signed a 6% note requiring the payment of interest and principal on March 1, 2022. How much interest revenue will the company recognize during 2021
Answer:interest revenue the company recognize during 2021 is $100
Explanation:
Interest for 2021 = Principal x Rate x Time
= $20,000 X 6% x 1/ 12 ( From 1st t0 31st December is 1 Month)
=$100
Journal to record accrued interest by Davenport Company
Date Accounts Titles Debit Credit
Dec 31st, 2021 Interest Receivable $100
Interest Revenue $100
Therefore, the interest revenue the company will recognize during 2021 is $100.
A(n) _____ involves moving an employee into a position with greater challenges, more responsibility, and more authority than in the previous job.
Which of the following should the closing paragraph not do?
Answer:
3
Explanation:
Answer: B - Describe why are you interested in the company
Explanation: that’s the correct answer !!!
To what extent might the slow service be a source of employee irritation and dissatisfaction
Answer:
Slow service can be an extension and source of employee irritation and dissatisfaction. In any business, you rely on employees to perform simultaneous tasks. It is a team effort. Good management usually incentives good work. As a result, when you have an employee or a cluster of employees that are not satisfied the service will more likely be poor. For example, a fast-food restaurant may have two employees that are dissatisfied with the manager. These employees will look for any distraction and will abuse breaks and so forth. The attention to detail will be minimized and items on the menu will be missing something. Finally, the business will suffer in the long run. Customers will complain and the food will have to be prioritized. Customers will leave if it is taking too long. As a team, when one or two slack off the entire team suffers. Think of a football game if two players decide to try and make all the points and fail in doing so. They have jeopardized the potential of winning or producing.
Explanation:
A young engineer wishes to become a millionaire by the time she is 65 years old. She plans to make annual deposits, beginning on her 25th birthday and continuing through her 64th birthday.
Assume that she can obtain a 8% rate of return per year. How much should each annual deposit be?
a. $2160
b. $2675
c. $3110
d. $3575
Answer:
Annual deposit= $3,860.16
Explanation:
Giving the following information:
Future Value (FV)= $1,000,000
Number of peridos= 40 years
Interest rate (i)= 8%= 0.08
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,000,000*0.08) / [(1.08^40) - 1]
A= $3,860.16
If the young engineer can obtain an 8% rate of return per year on her deposits, she can make an annual deposit of d. $3575 to become a millionaire in 40 years from her 25th birthday.
Data and Calculations:
Future deposit expected = $1,000,000
Period of savings = 40 years (64 - 24)
Interest rate per year = 8%
Annual deposit = $3,575 (calculated below)
N (# of periods) 40
I/Y (Interest per year) 8
PV (Present Value) 0
FV (Future Value) 1000000
Results:
PMT = $3,574.22
Sum of all periodic payments $142,968.94
Total Interest $857,031.06
Thus, by the end of 40 years, the young engineer will become a millionaire if she deposits $3,575 annually with an interest of 8% per year.
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Marigold Corp. reported sales of $2200000 last year (80000 units at $20 each), when the break-even point was 44000 units. Marigold’s margin of safety ratio is:_______
Answer:
the margin of safety ratio is 45%
Explanation:
The computation of the margin of safety ratio is shown below:
The Margin of safety ratio is
= (Actual sales unit - break even sales unit) ÷ (Actual sale unit)
= (80,000 units - 44,000 units) ÷ (80,000 units)
= 36,000 units ÷ 80,000 units
= 45%
Hence, the margin of safety ratio is 45%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Young Company budgets sales of $970,000, fixed costs of $30,600, and variable costs of $135,800. What is the contribution margin ratio for Young Company
Answer:
contribution margin ratio= 0.86
Explanation:
Giving the following information:
Young Company budgets sales of $970,000
Variable costs of $135,800.
To calculate the contribution margin ratio, we need to use the following formula:
contribution margin ratio= contribution margin / sales
contribution margin ratio= (970,000 - 135,800) / 970,000
contribution margin ratio= 0.86
A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage, it is more likely that the minimum wage acts as a binding:
A. price ceiling, causing excess supply in the market.
B. price floor, causing excess supply in the market.
C. price floor, causing excess demand in the market.
D. price ceiling, causing excess demand in the market.
Answer:
c,but try to think how this is the ansi
Rohan, the manager of a new product development team, wants to hold a meeting to get an update on the individual progress of the members of his team. Which type of meeting would best support this objective
Answer:
This question is incomplete, the options are missing. The options are the following:
a) An information-sharing meeting.
b) An information dissemination meeting.
c) A social meeting .
d) A symbolic meeting.
And the correct answer is the option A: An information-sharing meeting.
Explanation:
To begin with, the name of "Information-sharing meeting" is known in the world of business for refering to a type of meeting that basically focus on the fact of obtaining information from its members with the only purpose knowing how things are going according to the schedule that they have agreed on. Therefore that in this case when Rohan is looking for to know how the members of his team are going with the individual progress then he should definitely organize an information-sharing meeting for the group.
PLEASE HELP!
Your family purchased new living room furniture on credit at the store, which is a simple interest loan. If your family paid $300.00 in interest on the principal of $1,000.00
over 5 years, what was the rate of the loan?
1.) 6%
2.) 8%
3.) 4%
4.) 2%
Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability policy was $55,800 for 18 months, and the crop damage policy was $19,200 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2021?
Answer:
The balance of Eve's Prepaid Insurance account as of December 31, 2021 is $28,200
Explanation:
Computation of prepaid Insurance
Insurance 1 ($55,800*6/18) = $18,600
Insurance 2 ($19,200*12/24) = $9,600
Total Prepaid Insurance $28,200
An investment of $100 pays interest of 2.5% per quarter. What will be the value of this investment at the end of 3 years
Answer:
FV= $107.76
Explanation:
Giving the following information:
Present value (PV)= $100
Interest rate (i)= 0.025/4= 0.00625
Number of periods (n)= 3*4= 12 quarters
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
FV= 100*(1.00625^12)
FV= $107.76
According to U.S. GAAP, asset retirement obligations are ________.
a. measured as the present value of past resource usage
b. obligations to replace old buildings and equipment with new assets
c. sinking funds for bonds or other long-term liabilities
d. long-term legal requirements to restore property
e. none of the above
Answer:
D) long-term legal requirements to restore property
Explanation:
A machine operates with the following production cycle:
29 minutes of setup, 90 minutes of production. While in production, the machine produces 4 parts per minute.
Required:
What is the capacity of the machine in parts per minute?
Answer:
The capacity of the machine in parts per minute is 3 parts per minute
Explanation:
The Total time = 29 + 90
The Total time = 119 minutes
Total production = 4*90
Total production = 360 units
The capacity = 360/119
The capacity = 3.02521
The capacity = 3 parts per minute
Thus, the capacity of the machine in parts per minute is 3 parts per minute
A part of a business's message that distinguishes it from all its competitors
is referred to as what?
A. Cultural sensitivity
B. Unique selling proposition
C. Superiority clause
D. Isolation technique
Answer:
Unique selling proposition.
Answer:b
Explanation:
Jerry and Ann paid the following amounts during the current year: Interest on automobile loan $1,500 Interest on bank loan (proceeds were used to purchase municipal bonds) $5,000 Qualified home mortgage interest $3,150 What is the maximum amount they can use as interest expense in calculating itemized deductions for the current year
Answer:
the maximum amount is $3,150
Explanation:
The computation of the maximum amount that could be used as an interest expenses while calculating the item deductions for the present year is shown below:
Here we considered only the home mortgage interest i.e. qualified i.e. $3,500
The other things would not be considered like interest on automobile loan, interest on bank loan etc as it is not allowed
Therefore the maximum amount is $3,150
ILL GIVE BRAINLIEST!! HELP ASAP!!
Type the correct answer in the box. Spell all words correctly.
Which source of funds refers to the money raised by corporations through stock markets?
_______ refers to the money raised by corporations through stock markets?
Answer:
Equity Capital or equity funding refers to the money raised by corporations through stock markets
Explanation:
Answer: Capital Market
Explanation: plato
..............................
Security A: Probability 30% of Return 7%; Probability 50% of Return 12%; Probability of 20% of Return 17%. Security B: Probability 35% of Return 6%; Probability 65% of Return 16% What is the expected return for Security A
Answer:
the expected return for security A is 11.50%
Explanation:
The computation of the expected return for security A is shown below:
The Expected return for security A is
= Respective Return × respective probability
= (0.3 × 7) + (0.5 × 12) + (0.2 × 17)
= 11.50%
hence, the expected return for security A is 11.50%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The product life cycle does not have a major impact on decision-making.
A) True.
B) False.
Answer: Thats false.
According to the video, what are some examples of Postsecondary Education Administrators? Check all that apply.
Academic Deans,
Admission Directors ,
Department Heads,
College Tutors ,
Instructional Designers,
School Psychologists.
Answer: Its 1,2,3
Explanation: Got 100% on Ed!!!
On March 1, 2020, Parnevik Company sold goods to Goosen Inc. for $660,000 in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937 (an inputed rate of 10%). The goods have an inventory cost on Parnevik's books of $400,000.
Required:
Prepare the journal entries for Parnevik on (a) March 1, 2020, and (b) December 31, 2020.
Answer:
Parnevik Company
Journal Entries:
(a) March 1, 2020
Debit Notes Receivable (Goosen Inc.) $660,000
Credit Sales Revenue $660,000
To record the sale of goods in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937.
Debit Cost of Goods Sold $400,000
Credit Inventory $400,000
To record the cost of goods sold.
(b) December 31, 2020:
Debit Interest Receivable (Goosen Inc.) $55,000
Credit Interest Revenue $55,000
To record the interest receivable for 10 months on the note.
Explanation:
The sale of goods will be recorded net of the interest. Interest Receivable from Goosen Inc. will be accumulated until when it is settled by Goosen Inc. at the end of the note's 5-year life. By that time, the interest must have accumulated to $402,937 compounded yearly.
What is the breakeven point, in dollars, for Zippy Dippy Swimwear, maker of bathing suits and accessories. They have the following costs:
raw materials: $15 per pair
labor costs: $8 per pair
commissions: $2 per pair
utilities: $50,000
rent: $96,000
taxes: $30,000
salaries: $150,000
Answer:
the selling is missing, so I looked for similar questions and found that the selling price per swimsuit and its accessory is $85.
total variable costs:
raw materials $15labor costs $8commissions $2total $25total fixed costs:
utilities $50,000rent $96,000salaries $150,000taxes $30,000total $326,000contribution margin per swimsuit and accessory =$85 - $25 = $60
break even point in units = $326,000 / $60 = 5,433.33 ≈ 5,434 units
break even point in $ = 5,434 x $85 = $461,890
Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this activity will be reported under cash flows from _____ activities.
Answer:
Cash flow from financing activities
Explanation:
There are 3 ways of reporting financial data of an organisation. The balance sheet, cash flow statement, and income statement.
Cash flow statement shows the sources of cash coming into and going out of an organisation.
The major sources are operations, financing, and investing activities.
Financing activities are those in which a company a company raises capital by selling shares, and pays back it's investors.
In the given scenario where Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. They are raising cash so this is a financing activity.
On March 14, Teal Co. accepted a 120-day, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note, AZC honors the note and pays in full. The journal entry that Teal would make to record payment of this note would include a credit to:
Answer:a credit to Interest revenue for $200
Explanation:
Interest = Principal x rate x time ( period )
= $10,000 x 6% x 120/360
=$200
Account titles and explanation Debit Credit
Cash $10,200
Note receivable $10,000
Interest revenue $200
Therefore, The journal entry that Teal would make to record payment of this note would include a credit to Interest revenue for $200
All other things being equal, the numerical difference between a present and a future value corresponds to the amount of interest earned during the deposit or investment period. Each line on the following graph corresponds to an interest rate: 0%, 10%, or 20%. Identify the interest rate that corresponds with each line.
Answer:
im sorry but GOD BLEESED YOU
There is a zero coupon bond that sells for $4,550.90 and has a par value of $10,000. If the bond has 18 years to maturity, what is the yield to maturity'? Assume semiannual compounding.
A. 4.47%
B. 4.27%
C. 4.31%
D. 4.24%
E. 4.42%
Answer:
E. 4.42%
Explanation:
Calculation for the yield to maturity
First step is to calculate the Current price using this formula
The Current price=Par value/(1+yield to maturity/2)^(2*Time period)
$4,550.90=$10,000/(1+yield to maturity/2)^(2*18)
(1+yield to maturity/2)^36=($10,000/$4,550.90)
1+yield to maturity/2=($10,000/$4,550.90)^(1/36)
Now let calculate the yield to maturity
Yield to maturity/2=1.0221092-1
Yield to maturity=0.0221092*2
Yield to maturity=0.0442*100
Yield to maturity=4.42%
Therefore the Yield to maturity will be 4.42%
Help!
dancing is considered as labor, capital,land or entrepreneurship?
Answer:
D. Entrepreneurship
Because 100% it's not a land or a capital. Well, it may be a labor, but mostly it's entrepreneurship.
Hope that helps you
Dynamo Corporation combines its assets and liabilities with those of Energy Company to form Fuel Inc. Dynamo and Energy cease to exist. The formation of Fuel Inc. is:______
a. a takeover.
b. a consolidation.
c. a liquidation.
d. a share exchange.
Answer:
Dynamo Corporation combines its assets and liabilities with those of Energy Company to form Fuel Inc. Dynamo and Energy cease to exist. The formation of Fuel Inc. is:______
a. a takeover.
Explanation:
The scenario implies that both Dynamo and Energy cease to exist as separate entities but become one now consolidated to be Fuel Inc. It means that Fuel Inc. took over the assets and liabilities of both Dynamo and Energy and they no longer exist as legal entities. Fuel Inc. is a new entity birthed by the fusion of Dynamo and Energy.
Bathtub Refinishing Oldsmar FL
Answer:
cool
Explanation:
