Major U.S. airlines have responded to the coronavirus pandemic by reducing the number of flights per day, thus reducing capacity. When demand decreases, it is important for airlines to cut capacity from both a cost and revenue perspective.

a. True
b. False

Answers

Answer 1

Answer:

A

Explanation:


Related Questions

Describe an important difference in the way an economist and a businessperson might view a monopoly.

Answers

Answer:

An economist would view a monopoly as not beneficial and optimal to society. A businessperson would view monopolies as a great idea to maximize profits due to the lack of competition

Explanation:

hope it's helps you if i am sorry if my answer is wrong

Gina is very serious about her budget. As a new manager, she wants to make sure that she is a good steward of her employees, knowing that stress can cause her division to miss their bottom line at the end of the year. When Gina is considering the physiological implications for her workforce, which of the following is she notconsidering?
A) family leave
B) burnout
C) low job satisfaction
D) emotional exhaustion
E) absenteeism

Answers

Answer:

A)family leave

Explanation:

From the question we are informed about Gina who is very serious about her budget. As a new manager, she wants to make sure that she is a good steward of her employees, knowing that stress can cause her division to miss their bottom line at the end of the year. When Gina is considering the physiological implications for her workforce, one of the factor she is not considering is family leave.

physiological implications can be regarded as activities that has effect on organs,systemic functions, emotions

and whole system of the employee.

physiology relates to normal functions as regards to living thing, These effects could influence the performance of employees in carrying out their daily task. It could be burnout, low job satisfaction as well as absenteeism and emotional exhaustion

You are planning to put $3,500 in the bank at the end of each year for the next four years in hopes that you will have enough money for a down payment on a condo. If you are investing at an annual interest rate of 5%, you'll have accumulated ___________ at the end of four years.

You decided to deposit your money in the bank at the beginning of the year instead of the end of the same year, but now you are making payments of $2,500 at an annual interest rate of 6%. How much money will you have available at the end of seven years?

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Annual deposit (A)= $3,500

Number of periods (n)= 4 years

Interest rate (i)= 5%

To calculate the future value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {3,500*[(1.05^4) - 1]} / 0.05

FV= $15,085.44

Now, the deposit is at the beginning:

Annual deposit (A)= $2,500

Number of periods (n)= 7 years

Interest rate (i)= 6%

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

FV= {2,500*[(1.06^7) - 1]} / 0.06 + {[2,500*(1.06)^7] - 2,500}

FV= 20,984.59 + 1,259.08

FV= $22,243.67

On January 1, 20X1, Jennifer purchases common stock of Gamma Corporation for $100,000. During the year, Gamma Corporation stock pays a dividend of $3,000. At the end of the year, Jennifer sells the Gamma stock for $104,000. What is the return on investment of the Gamma stock?
a) 79
b) 10%
c) 4%
d) 39

Answers

Answer:

Jennifer

The return on investment of the Gamma stock is:

a) 7%

Explanation:

a) Data and Calculations:

January 1, 20X1 Purchase of common stock of Gamma Corporation = $100,000

Dividend received from Gamma Corporation stock = $3,000

December 31, 20X1, Sale of Gamma Corporation stock = $104,000

Capital gains from the sale of Gamma stock = $4,000 ($104,000 - $100,000)

Total returns from the Gamma stock = Dividend Plus Capital Gains

= $7,000 ($3,000 + $4,000)

Return on investment of the Gamma stock = 7% ($7,000/$100,000 * 100)

A convertible bond is one where a.the issuer can convert from a fixed interest rate to a floating one. b.the issuer can convert it from long-term to short-term. c.the issuer can retire the bond before its specified due date. d.the holder can convert the bond into common stock at a future time.

Answers

Answer:

The answer is D.

Explanation:

The correct answer is D. A convertible bond is the type of bond that the bondholder can convert into the company's common stock or share at a future time. It is a debt(fixed-income) instrument

Option A is wrong. This definition is not known. And same with option B.

If a make-to-stock manufacturing firm with highly seasonal demand follows a level production strategy, which of the following is likely to be true?
A) Inventory will fluctuate significantly during the year.
B) The production rate must be set equal to the demand in the heaviest demand period, and stay at that level all year.
C) It will be difficult to keep the workforce size stable.
D) The firm must make sure that its maximum capacity is at least as high as the heaviest demand period.

Answers

Answer: Inventory will fluctuate significantly during the year

Explanation:

If a make-to-stock manufacturing firm with highly seasonal demand follows a level production strategy, then the inventory will fluctuate significantly during the year.

When using a level production strategy, it should be noted that there will be an increase in the inventory during when there are low demand while there'll be a reduction in the inventory during the periods of high demand.

Waterways is thinking of mass-producing one of its special-order sprinklers. To do so would increase variable costs for all sprinklers by an average of $0.70 per unit. The company also estimates that this change could increase the overall number of sprinklers sold by 10%, and the average sales price would increase $0.20 per unit. Waterways currently sells 481,000 sprinkler units at an average selling price of $25.20. The manufacturing costs are $5,811,160 variable and $2,155,660 fixed. Selling and administrative costs are $2,673,680 variable and $798,370 fixed. If Waterways begins mass-producing its special-order sprinklers, how would this affect the company

Answers

Answer:

Waterways Corporation

If Waterways begins mass-producing its special-order sprinklers, its net operating income would almost double, increasing by $680,202.

Explanation:

a) Data and Calculations:

Increase in variable costs per unit = $0.70

Increase in number of sprinklers sold = 10%

Increase in average sales price = $0.20

Current sales = 481,000 sprinkler units

Selling price = $25.20

New selling price = $25.40 ($25.20 + $0.20)

New quantity of sprinkler units = 529,100 (481,000 * 1.1)

Increase in variable cost = $370,370 (529,100 * $0.70)

New variable cost = $6,181,530 ($5,811,160 + $370,370)

Income Statements                          Normal    Mass Production

Sales revenue                              $12,121,200   $13,439,140

Variable manufacturing costs       $5,811,160     $6,181,530

Variable selling and admin. costs 2,673,680      2,941,048

Total variable costs                     $8,484,840    $9,122,578

Contribution margin                   $3,636,360    $4,316,562

Fixed costs:

Manufacturing costs                  $2,155,660    $2,155,660

Selling and administrative costs     798,370         798,370

Total fixed costs                        $2,954,030   $2,954,030

Net operating income                  $682,330    $1,362,532

Increase in net operating income = $680,202 ($1,362,532 - $682,330)

A company uses return on investment (ROI) to measure the performance of its business units. The company manufactures and distributes consumer goods. Last year, management identified a possible shortage of raw materials. To mitigate this risk, a large amount of raw material was bought in advance and stored in the manufacturing plant inventory. As a result of this decision, ROI will A. Have an unpredictable change. B. Decrease. C. Increase. D. Not change.

Answers

Answer: B. Decrease

Explanation:

Return on investment refers to the ratio between the net income and investment. It should be noted that a high return on investment implies that the investment's gains compare favourably to the cost.

In this scenario, since a large amount of raw material was bought in advance and stored in the manufacturing plant inventory, this will lead to an increase in the cost of production which therefore will reduce the return in investment.

Therefore, the correct option is B.

Show the effect of each transaction on the three basic accounting elements by indicating the dollar amount of the increase or decrease under the proper element heading. Compute the resulting accounting equation.

a. Owner invested $16,500 cash in the business.
b. Paid premium for two-year insurance policy, $1,500.
c. Purchased a van valued at $35,000 with $5,000 down payment; the balance to be paid over three years.
d. Paid the rent for the month, $900.
e. Purchased $470 of supplies for cash.
f. Cash sales for the month, $8,750.
g. Billed credit customers $14,200 for monthly services.

Answers

Answer:

Assets = Liabilities + Owner’s Equity = $67,800

Explanation:

Note: See the attached excel file for the Effect of Each Transaction on the Three Basic Accounting Elements.

From attached excel file, the resulting accounting equation can be computed as follows

Assets = Total Cash + Total Insurance Prepaid + Total Van + Total  Supplies + Total Accounts Receivable = $17,380 + $750 + $35,000 + $470 + $14,200 = $67,800

Liabilities = Total Accounts Payable = $30,000

Owner’s Equity  = Total Capital + Total Retained earnings = $16,500 + $21,300 = $37,800

Liabilities + Owner’s Equity = $30,000 + $37,800 = $67,800

Therefore, we have:

Assets = Liabilities + Owner’s Equity = $67,800

Marko, Inc. is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $6,600, $11,600, and $17,800 over the next three years, respectively. After that time, they feel the business will be worthless. Marko has determined that a rate of return of 13 percent is applicable to this potential purchase. What is Marko willing to pay today to buy ABC Co.?
a. $39,420.00.b. $24,876.50.c. $28,896.22.d. $36,000.00.e. $27,261.50.

Answers

Answer:

e. $27,261.50

Explanation:

Calculation to determine What is Marko willing to pay today to buy ABC Co.

Present value (PV) = $6,600 / (1 + 0.13) + $11,600 / (1 + 0.13)^2 + $17,800 / (1 + 0.13)^3

Present value (PV) = $6,600 / (1 .13) + $11,600 / (1.13)^2 + $17,800 / (1 .13)^3

Present value (PV) =$27,261.50

Therefore the amount that Marko his willing to pay today to buy ABC Co will be $27,261.50

A reason to establish internal control is to A. Provide reasonable assurance that the objectives of the organization are achieved. B. Encourage compliance with organizational objectives. C. Ensure the accuracy, reliability, and timeliness of information. D. Safeguard the resources of the organization.

Answers

Answer:   D. Safeguard the resources of the organization.

Explanation:

The functions of internal controls are

to minimize risks to protect assetsto ensure accuracy of recordsto promote operational efficiencyto encourage adherence to policies, rules, regulations, and laws.c

The reason to establish internal control is to assist safeguard an organization and its objectives.

Hence, the correct option is D.

Kevin Morales invests $15,451.93 now for a series of $2,900 annual returns beginning one year from now. Kevin will earn a return of 12% on the initial investment.

Required:
How many annual payments of $1,300 will Kevin receive?

Answers

Answer:

9 annual payments

Explanation:

The correct annual payment is $2,900 not $1,300 as shown below:

Kevin Morales invests $15,451.93 now for a series of $2,900 annual returns beginning one year from now. Kevin will earn a return of 12% on the initial investment.

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

How many annual payments of $2,900 will Kevin receive?

In a bid to determine the number of annual payments of $2,900 that Kevin would receive, we can make use of a financial calculator bearing in mind that the calculator would be set to its default end mode before making the below inputs and that the amount invested today is the present value of annual payments

PMT=2900(amount of each annual payment)

I/Y=12(the rate of interest to be earned annually without the "%" sign)

PV=-15451.93 (amount invested, it is negative since it is an outflow)

FV=0(after all annual payments have been received, number of outstanding annual payments would be nil)

CPT

N=9.00

Jelly Inc.'s contribution margin ratio is 62% and its fixed monthly expenses are $49,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $140,000?

Answers

Answer:

$37,800

Explanation:

Given the above information, we known that

Contribution margin ratio = Contribution margin / Sales

Contribution margin ratio = $140,000 × 62% = $86,800

Less: Fixed cost

($49,000)

Operating income

$37,800

Therefore, the best estimate of the company's net operating income is $37,800

Logan owns a horse ranch. Logan dislikes horses, but he opened the ranch because he heard it was a lucrative business and he wanted to make money. Logan’s horse ranch has lost money every year for the past 5 years (including this year), but Logan has made some changes to business operations, including hiring a consultant and increasing his prices. Logan anticipates that as a result of these changes, his horse ranch will generate a profit in the next year or two. This year, Logan hired his brother, Luke, to work at the horse ranch. Logan pays Luke $500/hr to clean the horse stalls. Logan also hired his best friend, Lucy, to do Logan’s grocery shopping and other personal errands. He pays Lucy $15/hr. Which of the following is most accurate?

a. Logan cannot deduct any of the costs associated with the horse ranch because the horse ranch would be classified as a hobby, not a business
b. Logan can deduct the full salary paid to Luke because Luke works in Logan’s horse ranch business
c. Logan can deduct the full salary paid to Lucy because the amount of the expense is reasonable
d. Logan can deduct the full salary paid to Lucy because grocery shopping is ordinary and necessary
e. None of the above are correct

Answers

Answer:

Logan Horse Ranch

The most accurate is:

e. None of the above are correct

Explanation:

Logan's payment to his brother, Luke, of $500 per hour, is not a reasonable business expense that can be deductible.  Surely, $500 per hour is not a going rate for cleaning the horse stalls per hour.  With Lucy doing grocery shopping for Logan, it does not resonate like an ordinary and necessary expense for the business. Therefore, options A to D are not correct.  This leaves only option E as the most accurate.

Jenny Manufactures sold toys listed at $360 per unit to Jack Inc. for $306, a trade discount of 15 percent. Jack Inc. in turn sells the toys in the market at $335. Jenny should record the receivable and related sales revenue (per unit) at: Group of answer choices $360 $335 $306 $285

Answers

Answer:

$306

Explanation:

Based on the information given Jenny should record the receivable and related sales revenue (per unit) at $306 reason been that we were told JENNY MANUFACTURES SOLD TOYS THAT WAS LISTED AT THE AMOUNT OF $360 PER UNIT TO JACK INC. FOR THE AMOUNT OF $306.

Hence, Jenny will record the RECEIVABLE AND RELATED SALES REVENUE (per unit) at $306.

Consider a firm with a 2018 net income of $20 million, revenue of $60 million, and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant, and equipment, how many weeks of supply does the firm hold

Answers

Answer: 4.16 weeks

Explanation:

From the information given in the question, the number of weeks of supply that the firm hold will be:

= (average inventory/ cost of goods sold) × 52 weeks

= (2/25) × 52

= 4.16 weeks

Therefore, the weeks of supply that the firm hold is 4.16 weeks

On January 1, 2019, Wasson Company purchased a delivery vehicle costing $36,500. The vehicle has an estimated 6-year life and a $3,500 residual value. What is the vehicle's book value as of December 31, 2020, assuming Wasson uses the straight-line depreciation method

Answers

Answer:

Book value= $25,500

Explanation:

Giving the following information:

Purchase price= $36,500

Residual value= $3,500

Useful life= 6 years

First, we need to calculate the annual depreciation:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (36,500 - 3,500) / 6

Annual depreciation= $5,500

Now, the accumulated depreciation and book value:

Accumulated depreciation= 5,500*2= $11,000

Book value= 36,500 - 11,000

Book value= $25,500

A rental company is considering the purchase of new trailers to least to customers. Each trailer will cost $20,000 today. Each trailer will bring $10,000.00 in an annual lease for 5 years. The lease is paid at the end of each year. At the end of the 5 years the trailer will have no depreciated or salvage value. The interest to be paid for this investment is 9%. Use this information to complete this table. Would you advise the firm to make this investment at 9%? Why?

Fill out the Table:

Year Future Value Present Value Discount Factor
1
2
3
4
5

Answers

Answer and Explanation:

The computation is shown below;

Year         Future value        present value      Discount factors

1              $10,000.00           $9,170                   0.917

2              $10,000.00          $8,410                  0.841

3               $10,000.00         $7,720                 0.772

4               $10,000.00         $7,080                 0.708

5               $10,000.00         $6,490                0.649

Now

Net present value = -$20,000 + $10,000(PVIFA 9% 5 Years)

= -$20,000 + $10000 × (3.8897)

= -$20,000+ $38,897

 = $18,897

So here the investment should be make as the net present value comes in positive  

Crosley Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year period and requires equal annual payments of $35,004 at the beginning of each year. The first payment is received on January 1, 2020. Crosley had purchased the machine during 2019 for $160,000. Collectibility of lease payments by Crosley is probable. Crosley set the annual rental to ensure a 6% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Crosley at the termination of the lease.
Instructions:
a. Compute the amount of the lease receivable.
b. Prepare all necessary journal entries for Crosley for 2020.
c. Suppose the collectibility of the lease payments was not probable for Crosley. Prepare all necessary journal entries for the company in 2020.
d. Suppose at the end of the lease term, Crosley receives the asset and determines that it actually has a fair value of $1,000 instead of the anticipated residual value of $0. Record the entry to recognize the receipt of the asset for Crosley at the end of the lease term.

Answers

Answer:

A.$230,410

B. 01-Jan-17

Lease Receivable $230,410

Cost of Goods Sold $160,000

Sales Revenue $230,410

Inventory $160,000

01-Jan-17

Dr Cash $35,004

Cr Lease Receivable $35,004

31-Dec-17

Dr Lease Receivable $11,724

Cr Interest Revenue $11,724

C)01-Jan-17

Dr Cash $35,004

Cr Deposit Liability $35,004

D. Dr Inventory $1,000

Cr Gain on Lease $1,000

Explanation:

A. Computation for the amount of the lease receivable.

PV of lease= PV(rate, nper, pmt, [fv]), [type])

PV of lease= -PV (6%,8,35004, , 1)

PV of lease =$230,410

Therefore the amount of the lease receivable is $230,410

B. Preparation of all necessary journal entries for Crosley for 2020.

01-Jan-17

Lease Receivable $230,410

Cost of Goods Sold $160,000

Sales Revenue $230,410

Inventory $160,000

01-Jan-17

Dr Cash $35,004

Cr Lease Receivable $35,004

31-Dec-17

Dr Lease Receivable $11,724

Cr Interest Revenue $11,724

C. Preparation of all necessary journal entries for the company in 2020.

01-Jan-17

Dr Cash $35,004

Cr Deposit Liability $35,004

D. Preparation to Record the entry to recognize the receipt of the asset for Crosley at the end of the lease term

Dr Inventory $1,000

Cr Gain on Lease $1,000

A company had net income of $210,000. Depreciation expense is $27,000. During the year, Accounts Receivable and Inventory increased $17,000 and $42,000, respectively. Prepaid Expenses and Accounts Payable decreased $5,000 and $6,000, respectively. There was also a loss on the sale of equipment of $2,000. Cash provided by operating activities was $Placeholder for missing word.How much cash was provided by operating activities?
a. $179000
b. $241000
c. $271000
d. $175000

Answers

Answer:

a. $179000

Explanation:

The computation of the cash provided by operating activities is shown below:

Net Income $2,10,000    

Add : Depreciation expense $27,000    

Add : Loss on sale of equipment $2,000    

Add : Decrese in prepaid expenses $5,000    

Less : Decrease in accounts payable $6,000    

Less : Increse in accounts receivable $17,000    

Less :Increase in inventory $42,000    

Cash provided by operating activities $179,000

Erin, a shareholder of Finance Inc., demands the right to inspect corporate records to determine whether management has engaged in self-dealing that impacts the company. The firm refuses the request. On Erin’s challenge, a court is most likely to hold that her request constitutes:________

a. harassment.
b. unreasonable access to trade secrets and other confidential information.
c. a proper purpose.
d. potential abuse.

Answers

Answer:

c. a proper purpose.

Explanation:

Proper purpose is an action taken by a shareholder or member of a corporation that is reasonable related to his position or rights.

With the proper purpose rule there is a constraint on a director's autonomy within an organisation and it provides checks to excesses by the management team.

Erin demands the right to inspect corporate records to determine whether management has engaged in self-dealing that impacts the company.

As a shareholder she is enforcing proper right and the court will uphold this.

Suppose that a bank has ​$80 in checkable​ deposits, reserves of ​$15 ​, and a reserve requirement of​ 10%. Also assume that the the bank suffers a ​$6 deposit outflow. If the bank chooses to borrow from the Fed to meet its reserve​ requirement, then the bank would need to borrow ​$nothing . ​(Round your response to the nearest two decimal​ place.)

Answers

Answer: See explanation

Explanation:

Based on the information given in the question, the amount of borrowing that's required will be:

= [ rr * ( D - O)] - (R-O)

where,

rr = reserve requirement = 10% = 0.1

D = checkable deposits = $80

R = reserves = $15

O = deposits outflow = $6

= [ 0.10 × ($80 - $6)] - ($15 - $6)

= [ 0.10 × $74 ] - $9

= $7.4 - $9

= -$1.60

All-A-Buzz makes three products from a joint production process using honey. Joint cost for the process for the year is $221,760.
Per Unit Incremental
Units of Selling Price Processing Final Sales
Product Output at Split-Off Cost Price
Honey butter 18,000 4.00 $3.00 $6.00
Honey jam 36,000 6.40 4.00 14.00
Honey syrup 1,800 3.00 0.40 3.60
Each container of honey butter, jam, and syrup, respectively, contains 16 ounces, 8 ounces, and 3 ounces of product.
a. Determine which products should be processed beyond the split-off point.
b. Assume honey syrup should be treated as a by-product. Allocate the joint cost based on units produced, weight, and sales value at split-off. Use the net realizable value method in accounting for the by-product. (Round to nearest whole percentage.)

Answers

Answer:

All-A-Buzz Company

a. The products that should processed beyond the split-off point are Honey jam and Honey syrup.

b. Allocation of Joint Cost

                                     Honey butter  Honey jam   Honey syrup  Joint Cost

Units produced                  $71,535       $143,071          $7,154      $221,760

Weight                             $109,850      $109,850        $2,060      $221,760

Sales value at split-off       $51,874      $165,996        $3,890      $221,760

Explanation:

a) Data and Calculations:

Joint cost for the year = $221,760

                                                         Per Unit       Incremental

                       Units of   Weight  Selling Price     Processing     Final Sales

Product           Output                   at Split-Off              Cost             Price

Honey butter  18,000      16               4.00                $3.00              $6.00

Honey jam     36,000        8               6.40                  4.00               14.00

Honey syrup     1,800        3               3.00                  0.40                3.60    

Total              55,800

Cost based on units = $3.97

Units produced:

Honey butter = $71,535 ($221,760 * 18,000/55,800)

Honey jam = $143,071 ($221,760 * 36,000/55,800)

Honey syrup = $7,154 ($221,760 * 1,800/55,800)

Weight:

Honey butter = 288,000 (18,000 * 16)

Honey jam = 288,000 (36,000 * 8)

Honey syrup = 5,400 (1,800 * 3)

Total weight = 581,400

Honey butter = $109,850 ($221,760 * 288,000/581,400)

Honey jam = $109,850 ($221,760 * 288,000/581,400)

Honey syrup = $2,060 ($221,760 * 5,400/581,400)

Sales value at split-off:

Honey butter = $72,000 (18,000 * $4.00)

Honey jam = $230,400 (36,000 * $6.40)

Honey syrup = $5,400 (1,800 * $3.00)

Total sales value at split-off = $307,800

Honey butter = $51,874 ($72,000/$307,800 * $221,760)

Honey jam = $165,996 ($230,400/$307,800 * $221,760)

Honey syrup = $3,890 ($5,400/$307,800 * $221,760)

The products should be processed beyond the split-off point:

Part a)

The products that should be processed beyond the split-off point are :

 Joint cost for the year = $221,760  

                                                       Per Unit       Incremental

                      Units of   Weight  Selling Price     Processing     Final Sales

Product           Output                   at Split-Off              Cost             Price

Honey butter  18,000      16               4.00                $3.00              $6.00

Honey jam     36,000        8               6.40                  4.00               14.00

Honey syrup     1,800        3               3.00                  0.40                3.60    

Total              55,800

Cost based on units = $3.97

Part b : Allocation of Joint Cost  

                                   Honey butter  Honey jam   Honey syrup  Joint Cost  

Units produced                  $71,535       $143,071          $7,154      $221,760

Weight                             $109,850      $109,850        $2,060      $221,760

Sales value at split-off       $51,874      $165,996        $3,890      $221,760

Working notes :

Units produced:

Honey butter = $71,535 ($221,760 * 18,000/55,800)

Honey jam = $143,071 ($221,760 * 36,000/55,800)

Honey syrup = $7,154 ($221,760 * 1,800/55,800)

Weight:

Honey butter = 288,000 (18,000 * 16)

Honey jam = 288,000 (36,000 * 8)

Honey syrup = 5,400 (1,800 * 3)

Total weight = 581,400

Honey butter = $109,850 ($221,760 * 288,000/581,400)

Honey jam = $109,850 ($221,760 * 288,000/581,400)

Honey syrup = $2,060 ($221,760 * 5,400/581,400)  

Sales value at split-off:

Honey butter = $72,000 (18,000 * $4.00)

Honey jam = $230,400 (36,000 * $6.40)

Honey syrup = $5,400 (1,800 * $3.00)

Total sales value at split-off = $307,800

Honey butter = $51,874 ($72,000/$307,800 * $221,760)

Honey jam = $165,996 ($230,400/$307,800 * $221,760)

Honey syrup = $3,890 ($5,400/$307,800 * $221,760)

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Break-Even Point
Nicolas Inc. sells a product for $59 per unit. The variable cost is $30 per unit, while fixed costs are $171,564.
Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $64
per unit.
a. Break-even point in sales units
units
b. Break-even point if the selling price were increased to $64 per unit
units

Answers

Answer:

The right answer is:

(a) 5916 units

(b) 5046 units

Explanation:

Given:

Sales,

= $59

Variable cost,

= $30

Fixed cost,

= $171,564

Increased sale,

= $64

Now,

(a)

Contribution margin will be:

= [tex]Sales - Variable \ cost[/tex]

= [tex]59-30[/tex]

= [tex]29 \ per \ unit[/tex] ($)

hence,

Breakeven will be:

= [tex]\frac{Fixed \ cost}{Contribution \ margin}[/tex]

= [tex]\frac{171564}{29}[/tex]

= [tex]5916 \ units[/tex]

(b)

Contribution margin will be:

= [tex]Sales-Variable \ cost[/tex]

= [tex]64-30[/tex]

= [tex]34 \ per \ unit[/tex] ($)

hence,

Breakeven will be:

= [tex]\frac{Fixed \ cost}{Contribution \ margin}[/tex]

= [tex]\frac{171564}{34}[/tex]

= [tex]5046 \ units[/tex]

The New Fund had average daily assets of $2.2 billion in the past year. New Fund's expense ratio was 1.1% and the management fee was .7%.a. What were the total fees paid to the fund's investment managers during the year?b. What were the other administrative expenses?

Answers

Answer: A. $15.4 Million

B. $8.8 million

Explanation:

a. What were the total fees paid to the fund's investment managers during the year?

This will be:

= Average daily assets × Management fee

= $2.2 billion × 0.7%

= $15.4 million

b. What were the other administrative expenses?

The total expense that's incurred for managing the fund will be:

= $2.2 billion × 1.1%

= $24.2 million

Therefore, the other administrative expenses will be:

= $24.2 million - $15.4 million

= $8.8 million

A company has total fixed costs of $180,000 and a contribution margin ratio of 30%. How much sales are necessary to break even?
a) $540,000
b) $600,000
c) $54,000
d) $126,000

Answers

Answer:

b) $600,000

Explanation:

The break-even sales can be regarded as sales value in which the result makes the firm to report zero profit.

Total fixed costs was given from the question as ( $180,000)

The Contribution margin ratio was give from the question as ( 30%)= 0.3

✓break even point can be calculated as ratio of Total fixed costs to Contribution margin ratio. This can be expressed as

break even point=[Total fixed costs ]/ [ Contribution margin ratio.]

Substitute,

break even point= [ $180,000]/ [0.3]

=$600,000

A rules-based monetary policy :_______.a. is advocated by activists. b. is advocated by nonactivists. c. could involve a predetermined steady growth rate in the money supply. d. b and c e. all of the above

Answers

Answer:

d. b and c

Explanation:

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country (Federal Reserve System in the United States of America) to control the money supply and interest rates so as to boost or enhance economic growth.

Basically, monetary policies are used by the central bank to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, the national government through its central bank introduces monetary policy to increase money supply (liquidity). Also, a monetary policy can be used to prevent inflation through the reduction of money supply at a given period of time.

A rules-based monetary policy is advocated by non-activists and when it's adopted by the central bank of a country, it could involve a predetermined steady growth rate in the money supply because it's implemented based on specific indicator events existing in the economy.

A company had net sales of $30,200 and ending accounts receivable of $4,000 for the current period. Its days' sales uncollected equals:_________ (Use 365 days a year.)a) 7.55 days.b) 59.54 days.c) 63.64 days.d) 48.34 days.e) 40.34 days.

Answers

Answer:

d) 48.34 days

Explanation:

Calculation to determine what Its days' sales uncollected equals

Using this formula

Days' sales uncollected=Ending accounts receivable÷Net sales *365 days

Let plug in the formula

Days' sales uncollected=$4,000÷$30,200*365 days

Days' sales uncollected=48.34 days

Therefore Its days' sales uncollected equals:48.34 days

National Bank quotes the following for the British pound and the New Zealand dollar:
Quoted Bid Price Quoted Ask Price
Value of a British pound (£) in $ $1.61 $1.62
Value of a New Zealand dollar (NZ$) in $ $.55 $.56
Value of a British pound in New Zealand dollars NZ$2.95 NZ$2.96
Assume you have $10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?
A) $13.43.
B) $17.53.
C) $12.54.
D) $11.80.
E) None of the above.

Answers

Answer:

E) None of the above

Explanation:

Calculation to determine What is your profit from implementing this strategy

Profit={[($10,000/$1.62)*$2.95]*$.55}-$10,000

Profit =[( £6,172.84 *2.95) *$.55]-$10,000

Profit=( NZ$18,209.88 x $.55)-$10,000

Profit = $10,015.43-$10,000

Profit=$15.43

Therefore your profit from implementing this strategy is $15.43

Junktrader is an online company that specializes in matching buyers and sellers of used items. Buyers and sellers can purchase a membership with Junktrader, which provides them advance notice of potentially attractive offers.

a. Junktrader provided online advertising services for another company for $380 on account.
b. On the last day of the month, Junktrader paid $75 cash to run an ad promoting the company's services. The ad ran that day in the local newspaper.
c. Received $205 cash in membership fees for the month from new members.
d. Received an electricity bill for $130 for usage this month. The bill will be paid next month.
e. Billed a customer $216 for helping sell some junk. Junktrader expects to receive the customer's payment by the end of next month.

Required:
Prepare joumal entries for the above transactions, which occurred during a recent month.

Answers

Answer:

Junktrader

Journal Entries;

a. Debit Accounts Receivable $380

Credit Advertising Service Revenue $380

To record advertising service revenue provided on account.

b. Debit Advertising Expense $75

Credit Cash $75

To record the payment for ad in the local newspaper.

c. Debit Cash $205

Credit Membership fees $205

To record membership fees for the month.

d. Debit Electricity Expense $130

Credit Electricity Expense Payable $130

To accrue electricity expense for the month.

e. Debit Accounts Receivable $216

Credit Fees Revenue $216

To record fees revenue for services rendered on account.

Explanation:

1) Data and Transaction Analysis:

a. Accounts Receivable $380 Advertising Revenue $380

b. Advertising Expense $75 Cash $75

c. Cash $205 Membership fees $205

d. Electricity Expense $130 Electricity Expense Payable $130

e. Accounts Receivable $216 Fees Revenue $216

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