A foreign company whose sales will not affect markson's market offers to buy 2,000 units at $15.35 per unit. in addition to variable manufacturing costs, selling these units would increase fixed overhead by $1,690 for the purchase of special tools. if markson accepts this additional business, its profits will:
The business decision involves incremental analysis to determine the effect on Markson's profits when an offer to buy 2,000 units at $15.35 each is made by a foreign company, considering variable manufacturing costs and additional fixed overhead.
Explanation:The subject in question is business, specifically the area of managerial accounting that deals with decision making and incremental analysis. A foreign company offers to buy 2,000 units from Markson at $15.35 per unit. The variable manufacturing costs and the additional fixed overhead expenses for special tools amount to $1,690. To determine how Markson's profits will be affected by this additional business, one must calculate the total additional revenue and compare it with the total additional costs (variable and additional fixed costs).
Suppose the total variable cost per unit is X. Then, the additional revenue generated by this offer would be 2,000 units multiplied by $15.35, and the total additional costs would be the sum of (2,000 units multiplied by X) and the $1,690 for the special tools. The difference between the additional revenue and additional costs represents the change in profit due to the sale.
At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $53,000 for accounts receivable. during january, the company collected $15,000 from customers on account and provided additional services to customers on account totaling $12,600. additionally, during january one customer paid mikey $5,100 for services to be provided in the future. at the end of january, the balance in the accounts receivable account should be:
The ending balance in the accounts receivable account at the end of January is $80,500.
To calculate the ending balance in the accounts receivable account at the end of January, we need to consider the transactions that occurred during the month:
1. Beginning balance of accounts receivable: $53,000
2. Collections from customers on account: $15,000
3. Additional services provided to customers on account: $12,600
4. Payment from a customer for future services: $5,100
We can calculate the ending balance by summing up all the transactions:
Beginning balance + Collections - Payments + Additional services
= $53,000 + $15,000 - $5,100 + $12,600
= $53,000 + $15,000 + $12,600 - $5,100
= $80,500
Therefore, the ending balance in the accounts receivable account at the end of January is $80,500.
A student might describe information about the costs of production as
a. dry and technical.
b. boring.
c. crucial to understanding firms and market structures.
d. all of the above could be correct.
A student might describe information about the costs of production as crucial to understanding firms and market structures. Thus, the correct answer is option C.
What is cost of production?Cost of production refers to all expenses a company incurs when producing a good or providing a service. Along with labor costs, production costs often include supplies and raw materials used during production. It is an important factor in a company's manufacturing or production processes.
When evaluating their financial health, enterprises should take the cost of production into account. The corporation may stop production of a product to stay within budget if the cost of production is routinely higher than the sales it generates.
Therefore, costs of production is crucial for understanding firms and market structures.
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Adam is becoming annoyed because his car keeps breaking down, but he doesn't want to have to make payments on a new car. adam is experiencing __________. an avoidance-avoidance conflict. pressure. an approach-avoidance conflict. an approach-approach conflict.
"given an interest rate of 7.15 percent per year, what is the value at year t = 8 of a perpetual stream of $3,513 payments that begin at year t = 20"
In order to compute this value, the PMT that is displayed below must first be determined:
[tex]\text{= Payment} \div \text{interest rate}[/tex]
[tex]= \$3,513 \div 7.15\%\\\\= \frac{\$3,513}{7.15\%}\\\\= \frac{\$3,513 \times 100 }{7.15}\\\\= \frac{\$351,300 }{7.15}\\\\= \$ 49132.86[/tex]
Now the value at year 8 would be
[tex]= PMT \div (1 + \text{interest rate})^ \text{number of years} \\\\= \$49132.86 \div (1 + 7.15\%)^8\\\\= \$49132.86 \div (1 + \frac{7.15}{100})^8\\\\= \$49132.86 \div ( \frac{100+7.15}{100})^8\\\\= \$49132.86 \div ( \frac{107.15}{100})^8\\\\= \$49132.86 \div ( 1.0715)^8\\\\= \$49132.86 \div 1.7375\\\\= \frac{\$49132.86}{ 1.7375}\\\\=28277.90\\\\[/tex]
So, the value at date is [tex]\bold{\$28277.90 \approx \$28278}[/tex]
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A credit report is used to help measure a borrower's:
How do i journalize purchased merchandise on account from galsten co., $360,000, terms n/30?
Based on the five-factor model, michelle, who exhibits carelessness, negligence, and unreliability, demonstrates a lack of
Cash flows to stakeholders of a firm include
Summit sales corporation orders goods from overstock company. summit plans to market the goods to consumers generally. overstock identifies the goods. before they are shipped to summit, an insurable interest in the goods exists in
Summit Sales Corporation has an insurable interest in the goods ordered from Overstock Company once the goods are identified, as they stand to suffer a loss if the goods are damaged or destroyed before they receive them. Overstock also retains an insurable interest until the goods are delivered because they own the goods until the title is transferred.
In a transaction where the Summit Sales Corporation orders goods from the Overstock Company, the concept of insurable interest is an important principle in business law, particularly in regard to the sale of goods. An insurable interest in the goods exists when a party has a legal or equitable interest in the goods or would suffer a financial loss if the goods were damaged or destroyed.
In this scenario, Summit would have an insurable interest in the goods once Overstock identifies the goods, even before they are shipped to Summit. This is because Summit plans to market these goods to consumers, implying that they have a financial stake in the goods the moment they are specific to the contract. Therefore, Summit would experience a loss if the goods were to be damaged or lost before reaching them.
It is also likely that Overstock retains an insurable interest in the goods until they are delivered, as they own the goods and have not yet transferred title to Summit. Both parties may carry insurance to protect their interests during the period before delivery is completed. The existence of insurable interest is fundamental for the right to procure insurance on the goods.
If you wish to determine whether there is evidence that the proportion of items of interest is higher in group 1 than in group 2, which test is appropriate to use?
A decrease in labor's productivity will cause the economy's sras curve to shift __________ and the price level to __________.
Decreased productivity causes the SRAS curve to shift left, leading to an increase in the overall price level, as fewer goods and services are produced.
Explanation:A decrease in labor's productivity will cause the economy's short run aggregate supply (SRAS) curve to shift left, indicating a reduction in the total quantity of goods and services firms are willing to produce at different price levels. Likewise, this shift in the SRAS curve will cause the overall price level to increase. In other words, goods and services will become more expensive because fewer of them are being produced, characterized by the leftward shift of the SRAS curve.
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Because it focuses on processes that transform data into useful information, structured analysis is called a(n) ____ technique.
A business's day-to-day activities are best described as its ________ concerns
Axis corporation's division a has average operating assets of $500,000 and the division earned $100,000 as net operating income during a period. the company expects a minimum required rate of return of 15% on its investments. what is the residual income for division a?
Nature's way, a health food store, has just opened in a popular neighborhood shopping center next to silver's gym, a physical fitness center catering to both men and women. nature's way is relying on which location principle?
Feedback given by the job is more effective than formal appraisals from their boss
a. True
b. False
Notable public health trends and issues do not include addressing one of the biggest public health challenges: hiv/aids because it is largely under control.
An increase in disposable income will? ______ the supply of loanable funds and the adoption of new technology will? ______ the demand for loanable funds. the equilibrium real interest rate? ______.
An increase in disposable income will increase the supply of loanable funds, while the adoption of new technology will increase the demand for loanable funds. The equilibrium real interest rate will depend on the magnitude of the changes in the supply and demand for loanable funds.
Explanation:An increase in disposable income will increase the supply of loanable funds. This is because people will have more money available to save and invest. On the other hand, the adoption of new technology will increase the demand for loanable funds. This is because businesses will need to borrow money to invest in new technology and expand their operations.
As a result, the equilibrium real interest rate will depend on the magnitude of the changes in the supply and demand for loanable funds. If the increase in disposable income and the adoption of new technology both lead to a large increase in the supply and demand for loanable funds, the equilibrium real interest rate could decrease. Conversely, if the changes are smaller, the equilibrium real interest rate could either stay the same or increase.
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Alexander was being interviewed for the position of an entry-level financial analyst at a well-known asset management company. alexander was asked questions about the current state of the u.s. stock market, the current net worth of certain financial firms, and concepts such as ipo, mergers, and leverage from a set of pre-determined questions that the interviewer had prepared. this is an example of a(n) _____.
The answer to this question is an example of a structured interview. A structured interview is also known as a standardized interview. This is an interview where in the interviewee interviews applicants using the same questions giving it in an exact order. In a structured interview, the employer is focused on finding the candidates skills that matched the criteria of the employer. Also in the structured interview most questions are based on how the candidate can deal with a situational question and most questions are behavioral questions.
Which federally supported credit agency was established to trade student loan debt?
Why the inflation-unemployment trade-off disappears in the long run?
Dybala corporation produces and sells a single product. data concerning that product appear below: the company is currently selling 5,000 units per month. fixed expenses are $173,000 per month. the marketing manager believes that an $6,000 increase in the monthly advertising budget would result in a 170 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change
The given problem lacks the data about the price of the single product. However assuming that the selling price is similarly $44 which I got from other references, then we can now calculate for the net change of the monthly operating income.
So to solve for the change, we use the formula:
Change in net operating income = Increase in units * Selling price – Increase in advertising budget
Change in net operating income = 170* $44 – $6,000
Change in net operating income = $1,480
Since the change is positive, then it is a good decision to increase the monthly advertising budget by $6,000.
Pell grants are money given to students attending college. pell grants are most closely similar to
a. property rights assigned to consumers of a good.
b. public provision of a good.
c. vouchers given to consumers of a good.
d. private subsidies given to producers of a good.
e. a subsidy given to the producer of a good.
Chovita sports company evaluated a project as a low-risk project. chovita generally evaluates projects that are less risky than average by adjusting its required rate of return by 2 percent. if chovita expects 12% return on average risk projects, then it should expect a return of
Distinguish between the cos of having a basic checking account and an interest-bearing checking account
Which best describes the purpose of the W-2 Form?
A. It shows how much a person paid in taxes, and how much more is due.B. It shows how much a person earned, and how much was withheld in taxes.C. It shows how much a person earned, and how much tax is to be refunded. D. It shows how much a person paid in taxes, and whether they have a spouse.
Answer:
B.) It shows how much a person earned, and how much was withheld in taxes.
Explanation:
The form is issued by an employer to its employees and is used to report the employee's wages and the taxes withheld from those wages.
Calculate the optional bodily injury cost for the following:
Class: 10
Optional Bodily Injury: 100/300/50
Answer:
$94
Explanation:
Please see attachment .
To say that the mean salary of a major league baseball player is $3.2 million is to say that
When a country allows trade and becomes an importer of jet skis,
a. domestic producers of jet skis are better off, domestic consumers of jet skis are worse off, and the economic well-being of the country falls.
b. domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country rises.
c. domestic producers of jet skis are better off, domestic consumers of jet skis are worse off, and the economic well-being of the country rises.
d. domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country falls?
When a country becomes an importer of jet skis, domestic producers are worse off but domestic consumers are better off, leading to a rise in the economic well-being of the country.
Explanation:When a country allows trade and becomes an importer of jet skis, domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country rises. This is because imported jet skis are usually cheaper than domestically produced ones, so consumers benefit from lower prices. However, domestic producers may struggle to compete with the cheaper imports, which can lead to job losses and reduced profits for them. Despite this, the overall economic well-being of the country can still rise because the benefits to consumers tend to outweigh the negative effects on producers.