The amount of sales that will be necessary to earn the desired profit is $120,000.
What is desired profit?Desired profit refers to the amount of the profit expected by the company which is estimated by them as per the sales of the company. The sales are also estimated and the company makes the budget of it.
To calculate the desired sale we need to calculate the contribution which is calculated as follows:-
Contribution margin per unit = (Selling price per unit - Variable costs per unit)
Contribution margin per unit = ($8 per unit - $4.20 per unit) = 3.80 per unit
Break-even point in units = (Fixed costs + Desired profit) ÷ Contribution margin per unit
Break-even point in units = ($45,600 + $11,400) ÷ 3.80 per unit = 15,000 units
Break-even point in dollars = Break-even point in units × Selling price per unit
Break-even point in dollars = 15,000 units × $8 = $120,000
Thus the desired sales is $120,000.
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When the stockholders receive a dividend, how would this affect the equity of a business?.
Assets and total equity will both be decreased is When the stockholders receive a dividend, how would this affect the equity of a business.
Who are the stockholder?Stockholders are the people who have purchased the stocks and have invested in the particular firm, they are the people. The stockholders hold some of the share of any company, which they can sell or purchase anytime.
Thus, Assets and total equity will both be decreased is When the stockholders
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Assume a bond has a $1,000 par value, a coupon rate of 6 percent, annual interest payments, and 7 years to maturity. If the yield on similar bonds is 8 percent, what is the current market value of this bond
Based on the value of the bond at par, the coupon rate, and the yield to maturity, the current market value of the bond is $895.87.
What is the current bond value?This can be found as:
= Present value of bond coupon payments + Present value of par value
Coupon payments:
= 6% x 1,000
= $60
As this payment is constant, it can be treated as an annuity.
Current market value is:
= (Coupon payment x Present value of annuity interest factor, 8%, 7 periods) + ( 1,000 / (( 1 + rate) ^ number of years)
= (60 x 5.2064) + ( 1,000 / 1.08⁷)
= $895.87
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A company's cost of capital is mainly determined by ______________. *
The cost of capital of a corporation is majorly dependent upon the capital structure.
What is capital structure?
The mix of various forms of finances used by a business to meet its capital requirements is known as the capital structure of such business. It may consist of equity, accumulated profits, and debts.
Hence, the capital structure determines the cost of capital of a company.
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Fractional reserve banking is useful for banks because it:
O A. allows the value of loans to exceed the value of cash reserves.
OB. combines the services of both commercial and retail banks.
OC. divides large accounts into smaller ones that are easier to
manage.
OD. pressures customers to accept higher interest rates on loans.
why are office important explain briefly
Answer:
Office is important because it makes a collection of all things you need for a certain specific work.
It is now Prime Day, the deal is selling well, but you just got a call from the vendor explaining that they will not be able to fill any more units for the next 3 weeks. Your Instock Manager (Anjali Patel) says that we should cut the deal off early to preserve inventory for that 3-week period. What are the factors you would consider before deciding whether to cut the product off early
The factors that have to be considered are:
Competitor activityVendor relationshipImpact of negative experience on customersRevenue impactWhy these factors have to be consideredThe competitor activity is a factor worthy of consideration so that the company would not lose market demand to others.
Vendor relationship is worthy so that it would lead to a smooth flow. The impact on customers if high may cause customers to leave brand.
Impact of negative experience if very high would cause the customers to move away from the brand.
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You sign a contract to purchase a machine that will allow you to travel back in time and meet abraham lincoln. assuming that time machines don't actually exist (for now), what type of contract is this
The correct option is C). Void contract. It is void type of contract if you sign a contract to purchase a machine that will allow you to travel back in time and meet Abraham Lincoln.
What is void contract?Void contract is a formal contract between two parties, which is not authorized by the law and enforceable from the moment it was created.
A void contract is little differ from the valid contract. Void contract is not an actual contract, despite it is unenforceable.
Both void and voidable contract are null, but a void contract cannot be officially valid.
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Statistical studies in which researchers control variables of interest are:.
Statistical studies in which researchers control variables of interest are called Experimental Studies.
What are the types of statistical Studies?In experimental studies and key output is data gotten from the experiment, this data can be used in several ways to interpret results.
There are basically three types of statistical studies and they are:
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Sabo contracts to work exclusively for thermal company during july for $5,000. on june 30, thermal cancels the contract. sabo finds a similar job for the month of july, but earns only $3,000. sabo files a suit against thermal. as compensatory damages, sabo can recover group of answer choices $3,000. $5,000. $0. $2,000.
The sabo files a suit against thermal. as compensatory damages, sabo can recover $2,000.
Compensatory damages amount to recoverUsing this formula
Compensatory damages=Beginning earning before cancellation- Amount earn after cancellation
Let plug in the formula
Compensatory damages=$5,000-$3,000
Compensatory damages=$2,000
Therefore the correct option is D.
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A _____ allows those within the various organizational departments and positions to know exactly what are an individual's responsibilities..
A Job description allows those within the various organizational departments and positions to know exactly what are an individual's responsibilities. This is further explained below.
What is Job description?Generally, Job description is simply defined as a written statement of a worker's duties.
In conclusion, An individual's duties and obligations are laid out in a job description, which helps people in different organizational divisions and roles.
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A top executive from Toyota sits on the boards of the Tomo Tire Co., which manufactures tires for Toyota automobiles. Toyota and Tomo Tire Company trade with each other whenever possible and work together in product development, finance, and marketing. This is an example of _______.
This given scenario is an example of keiretsu.
What is a Keiretsu?This refers to the conglomerate of businesses that are linked together based on shared holdings and is a popular business term in Japan.
Hence, we can see that based on the given scenario about the business partnership between Toyota and Tomo Tires, they work together on product development, finance, and marketing. This is an example of a keirestsu.
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A mixed-market economy is best defined as an economy
with some government intervention.
without government intervention.
with some externalities.
without corporate compliance.
Answer:
A. with some government intervention
Explanation:
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
What is the most widely consumed meat in the world?.
Answer:
Pork is the most widely consumed meat in the world.
Angela's bank gave her a 2-year add-on interest loan for $6,440 to pay for new equipment for her antiques restoration business. the annual interest rate is 7.62%. how much interest will she pay? what are her monthly payments?
but i dont no the answer i think it is 1000 i dont no
The time frame for loan repayment for the borrower. Interest Rate: The rate of growth in the amount owing, typically represented as an annual percentage rate (APR).
What is loan ?Loan Payments: The sum of money required to be paid each week or month in order to fulfill the loan's conditions.
Interest rates have a big impact on loans and how much the borrower will ultimately pay. Larger interest rate loans have longer payback periods or higher monthly payments than lower interest rate loans.
For instance, if a borrower takes out a $5,000 installment or term loan with a five-year term and a 4.5% interest rate, their monthly payment for the next five years will be $93.22.
Calculation of Interest
Given in Question
Loan amount = $ 6,440
Interest Rate = 7.62 %
Time = 2 years paid monthly
[tex]6440*7.2%/12= 38.64 (monthly Interest)\\6440/24 = $ 268.34\\Total payment Monthly = 306.97\\[/tex]
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What is the length of the cash conversion cycle for a firm with $3 million in inventory, $1.5 million in accounts payable, a collection period of 40 days, and an annual cost of goods sold of $18 million
The length of the cash conversion cycle for a firm with $3 million in inventory is 70.41 days.
How to calculate the days?Days of inventory outstanding= 365/ Inventory turnover
Formula for calculating inventory turnover:
Inventory Turnover = Cost of Goods Sold/Average Inventory
= $18 million / $3 million
= 6
Days of inventory outstanding= 365/ 6 = 60.83 days
Days of payable outstanding= 365/ Payables turnover
Payables turnover = Cost of Goods Sold/ Average Payables
= $18 million / $1.5
= 12
Days of payable outstanding= 365/ 12
= 30.42 days
Cash conversion cycle= Days of inventory outstanding + Days of sales outstanding – Days of payables outstanding
= 60.83 days + 40 days - 30.42 days
= 70.41 days.
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How does the truth lending act impact/benefit Lenders
The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans.
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The effects of legislation on human resource professionals is important because: Multiple choice question. it seldom changes and is consistent in all states legislation affects only very specific functions in human resource management legislation affects all areas of human resource management court cases rarely change the effect of the laws and how they are interpreted in the workplace
The effects of legislative laws on human resource professionals are important as it affects all the areas covered under human resource management.
What is a human resource?Human resource is referring to the employees or workforce working or being employed in the organization by the HRs.
The legislation passed concerning HRM covers all the areas in which they are working. The areas can be the hiring of employees, monitoring their performance, compensation and rewards tracking, training regarding the projects of the company, induction of the company, etc.
Therefore, the laws relating to HRM would help HR managers in performing all the tasks in an efficient manner.
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Six sigma teams use the ________ method when improving a product or process that already exists, and the ________ method when developing a new product or process.
The complete statement is "Six sigma teams use the DMAIC method when improving a product or process that already exists, and the DMADV method when developing a new product or process." This is further explained below.
What is improving a product?Generally, The process of making significant modifications to a product in order to attract new consumers or enhance the value received by current ones is known as "product enhancement."
In conclusion, If you want to improve an existing product or process, use the DMAIC approach, and if you want to create a new one, use the DMADV method.
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pls helppp...
19. A business provided the following information [Refer to image]. What was the total of the current liabilities?
a) 13 200
b) 15 400
c) 31 200
d) 32 700
Answer:
32 700
Explanation:
that is the answer 32 700
The ____ is a multiple choice examination that evaluates the skills of the applicants for enlistment in the US military.
The Armed Services Vocational Aptitude Battery (ASVAB) is a multiple-choice examination that evaluates the skills of the applicants for enlistment in the US military.
This is further explained below.
What is the Armed Services Vocational Aptitude Battery (ASVAB)?Generally, The Armed Services Vocational Aptitude Battery (ASVAB) is a multiple-choice test that assesses applicants' skills for enrollment in the United States military.
In conclusion, The United States Military Entrance Processing Command uses the Armed Services Vocational Aptitude Battery (ASVAB), a multiple-choice exam, to screen applicants for possible service in the armed forces.
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When Jesse was fired, his supervisor told him the reason was that he did not meet performance standards. The supervisor assumed that would prevent Jesse from claiming he had been dismissed unjustly. What is the main flaw in the supervisor's assumption
Answer:
Jesse had been claimed disc unjustly
Explanation:
because the person is going to fire Jesse
The main flaw in the supervisor's assumption is People who file lawsuits for unfair termination typically contend that the real cause for the termination was different from what the employer said.
What is Supervisor?A supervisor is referred as an individual who has the art of directing and monitoring people or groups of people in an organization with pleasing efforts to timely accomplishment of tasks and help them to grow by providing better direction.
In the given case, Jesse's employer informed him that the reason for his termination was that he had fallen short of performance expectations. The manager believed that would deter Jesse from saying he was fired wrongfully.
The supervisor's assumption has a major fault in that most people who file claims for unfair termination claim that the underlying reason for the termination was not what the employer said.
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Fill in the blank: If the project has a _____, then it may be worth it for the team to learn a more sophisticated project management tool. 1 point\
When a project has a large scope, then, it may be worth it for the team to learn with a more sophisticated project management tool.
What is a large scope project?These are project that involves large investment and of large scales.
Hence, these type of project may worth been learned with a more sophisticated project management tool by the team.
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I am stuck on this question can someone help?
Answer:
college-sociologist, hairstylist, biomedical engineer
vocational certification- tour guide, childcare director, museum personnel
Explanation:
Question Content AreaWhich of the following is true of the master budget? a.Variable costs cannot change from one month to another. b.The master budget can reflect seasonal effects. c.Fixed costs cannot change from one month to another. d.Monthly budgets are derived by dividing the master budget by 12. e.None of these choices are correct.
A master budget is such a budget where the fixed costs cannot change from one month to another; and monthly budgets are derived by dividing the master budget by 12.
What is a master budget?The method of budgeting, which involves the total or aggregation of small or sub-budgets, which is backed by a financial plan, is known as the preparation of a master budget.
Hence, option C and D hold true regarding master budget.
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In recent years, progressive firms have embarked upon __________, where they will commit company resources and expertise toward helping in broad-based humanitarian situations.
In recent years, progressive firms have embarked upon co-orperate social initiaitives, where they will commit company resources and expertise toward helping in broad-based humanitarian situations. This is further explained below.
What is a firm?Generally, a firm is simply defined as a firm Professional services are provided by a firm, which might be a corporation, a private corporation.
In conclusion, Co-operative social initiatives have been more popular among progressive businesses in recent years.
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The crowding-out effect stresses that Group of answer choices an increase in government expenditures will stimulate aggregate demand and, thereby, help to prevent recessions. an increase in taxes will restrain aggregate demand and, thereby, help to control inflation. additional government borrowing to finance a larger deficit will increase the demand for loanable funds, causing real interest rates to rise. a budget deficit is a highly effective tool with which to combat recessions. both a and d are correct.
The crowding-out effect is such that additional government borrowing to finance a larger deficit will increase the demand for loanable funds, causing real interest rates to rise.
What is the crowding-out effect?The crowing-out effect refers to when the government borrows so much money that they make it hard for businesses to borrow and invest in new projects.
This happens because the government borrowing will decrease the amount of funds that can be borrowed in the market which will lead to higher interest rates for the remaining funds.
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What is the name of the website run by the u. S. Department of education where you can find information about your federal student loans?.
The name of the website is run by the US. Department of education informing about the federal student loan Federal Student Aid available on StudentAid.gov.
What is a website?
A website is referred to as a collection of World Wide Web sites available online, frequently with hyperlinks between them providing information related to the brand and helping to show business prospects.
The Federal student loan is a website operated by the US Department of education that helps to get information about the loans to the students. This will be operated with a unique username and password to get access to the information.
The creation of this website helps to provide loans to these students who are studying in schools and colleges and unable to pay their fees. These assists students in filling out the FAFSA and provides free information related to the programs.
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The U.S. government agency that advises and assists small businesses by providing management training and financial advice and loans is called the: Multiple choice question. Small Business Investment Company Small Business Administration Government Business Development Center Government Entrepreneurship Assistance
A U.S. government agency that works to assist small businesses is called the Small Business Administration(SBA).
What does the Small Business Administration do?The Small Business Administration was established under the Eisenhower tenure in order to boost the nation's economy.
They work to help small businesses by offering them several types of support such as management training and loans.
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The management of a company wants to begin electronically monitoring the computer work of the employees who process claims filed by customers. The company's HR executive expects that employees will resist the monitoring because they will feel robbed of their human dignity. How could the HR department best address this concern
In this HR department can best address this concern by application of data to employee development programs to support the to employees advance in their careers.
What is employee development program?An employee development program can be described as kind of a training program that is been given to employee by their employer to help them to improve their skills and abilities.
Therefore, since management of a company wants to begin electronically monitoring the computer work of the employees . then the program can be applied.
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Sharing information with others is an effective reason to schedule a meeting. Group of answer choices True False
Answer:
Your answer would be True.
Explanation: