Answers
I don't think it's possible for anyone to give you an answer to this. You have to list skills that would be helpful for the job you are applying for. For example, talk about how you used to work at another bakery before applying for this job.
This is a personal answer and there's no right or wrong.
Related Questions
if an account has a debit balance of $840 in the trial balance section of a worksheet and there is a credit of $480 in the adjustments section, the account balance in the adjusted trial balance section of the worksheet is a multiple choice $1,320 debit. $360 debit. $360 credit. $480 credit.
Answers
The account balance in the adjusted trial balance section of the worksheet is $ 1,320 debit .
Option A is correct.
Calculating the problem:Debit Balance in unadjusted trial balance = $840
Debit Balance in Adjustments = $480
Account balance in adjusted trial balance = $840+$480
= $1,320
Hence, $1,320 Debit.
Trial balance:
A Trial balance sheet is a list of all the general ledger accounts in the company's general ledger. This list contains the name of each notional ledger account and its notional ledger balance value. Each nominal ledger account holds either a debit or credit balance.
A trial balance is a financial report that shows the closing balances of all accounts in your general ledger at a point in time. Creating a trial balance is the first step towards closing the books at the end of the accounting period.
Why are trial balances used?The main purpose of the trial balance is to ensure that the list of general ledger credit and debit entries is mathematically correct.
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Each month, an American household generates an average of 28 pounds of newspaper for garbage and/or recycling. Assume this is approximately normally distributed and that the standard deviation is 2 pounds. If a household is selected at random, find the probability of it generating between 27–31 pounds per month.
Answers
Answer:
68.26% probability that a randomly selected household will generate between 27 and 31 pounds of newspaper per month.
Explanation:
The probability of a randomly selected household generating between 27 and 31 pounds of newspaper per month can be found using the normal distribution.
First, we need to standardize the random variable by subtracting the mean (28 pounds) and dividing by the standard deviation (2 pounds):
(27 - 28) / 2 = -0.5
(31 - 28) / 2 = 1.5
These standardized values correspond to the z-scores for the lower and upper bounds of the range. We can use a standard normal table or a calculator to find the probability that a random household will generate a value within this range.
The probability of a value falling between -0.5 and 1.5 on the standard normal distribution is approximately 0.6826, or 68.26%. This means that there is a 68.26% probability that a randomly selected household will generate between 27 and 31 pounds of newspaper per month.
It's important to note that this is an approximate value, as the normal distribution is a continuous distribution and the probability of a specific value occurring is technically zero. However, the normal distribution can be used to approximate the probability of a value falling within a given range, as long as the range is relatively small compared to the standard deviation.
how can schools create inclusive education for students with speech and language difficulties
Answers
Answer:
schools can always create extra classes and get specilized teachers to handle and care for students with behavrioral disorders
Explanation:
The term skunkworks is used to refer to a specialized type of outside contractor that corporations use to develop entrepreneurial ideas.a. Trueb. False
Answers
Answer: False
SkunkworksA small, loosely organized group of people who conduct research and create a project for the sake of technological innovation is referred to as "skunkworks" in slang.
Skunkworks projects frequently operate independently from a company's regular research and development activities and are thus subject to resource constraints. Many times, projects are started in secret with the understanding that if they are successful, the product will then be designed subsequently via the standard procedure.
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Assessment 5: (Algo) The Bake Shop (TBS) buys and sells cakes. To... LO 1-5
The Bake Shop (TBS) buys and sells cakes. To preserve freshness TBS donates cakes that have not been sold within 5 days to charitable organizations. To avoid waste TBS usually orders fewer cakes than it can sell. Sold out signs are frequently seen in the store. Even so, the cakes come in several flavors and occasionally some of the flavors do not sell out before the 5 day shelf life expires. Cakes cost $16 each to purchase and are sold for $22 each. During the most recent month TBS had customer orders for 28 cakes that could not be filled due to a lack of inventory. There were only 12 cakes that had to be donated to charity during the month. Based on this information the
Multiple Choice
cost of waste amounted to $264.
cost of waste amounted to $448.
opportunity cost amounted to $336.
opportunity cost amounted to $168.
Please show clear working with excel sheet and formulas where possible
Answers
Based on the given information the 'opportunity cost amounted to $168'.
What is Opportunity cost?
Opportunity cost is the potential benefit that is foregone when one alternative is chosen over another. It is the cost of making a decision in terms of the next best alternative that was not chosen. In a business context, opportunity cost can refer to the cost of not pursuing a particular course of action, such as choosing not to invest in a certain project or invest in a certain technology.
Explanation:
The cost of waste is calculated by subtracting the number of cakes sold from the number of cakes ordered, and then multiplying this difference by the cost of the cakes.
In this case, 28 - 12 = 16, and 16 x $16 = $256.
The opportunity cost is the difference between what was earned by selling the cakes and what it cost to purchase the cakes. In this case, $22 - $16 = $6, and 28 x $6 = $168.
Therefore, the correct option is Option D.
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In the context of companies' attempts to encourage nonsmoking among employees, which of the following is true of the Health Insurance Portability and Accountability Act (HIPAA)?
HIPAA requires firms to offer alternatives for their employees who are smokers to avoid a surcharge for a health insurance policy.
Answers
For employees who smoke, employers must provide alternatives under HIPAA in order to avoid charging them more for health insurance.
What is HIPPA and its main purpose?The Health Insurance Portability and Accountability Act, or HIPAA as it is more often known, is a significant piece of legislation that has considerable impact on the American healthcare sector.
In order to increase efficiency in the healthcare sector, HIPAA also set a number of new standards, which healthcare institutions were required to implement in order to lessen the administrative load.
In order to facilitate the efficient movement of healthcare data between healthcare organizations and insurers, code sets and patient identities were required. This helped to streamline eligibility verification, billing, payments, and other healthcare activities.
HIPAA also enforces group health insurance requirements, bans the tax deduction of interest on life insurance loans, and caps the amount that can be placed into a pre-tax medical savings account.
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Show the long-run effects of this policy (decreasing the money supply) on both of the graphs by shifting the appropriate curves.
The long-run effect of the central bank's policy is __________ in the inflation rate, ___________ in the unemployment rate, and ___________ in real GDP.
Answers
The long-run effects of a central bank's monetary policy can vary depending on the specific actions taken by the central bank. In general, however, the central bank's monetary policy can affect the long-run growth of the economy, the level of employment, and the rate of inflation.
fill ups :
a decrease;
no change;
no change
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Ghandi Medical University Centre is engaged in full time teaching and medical research for a medical college, dental college, nursing college and other health related professions. It is attached to university which enrolls approximately 2,000 students. It has about 800 beds in medical, surgical and psychiatric wings. It is funded by state government. It is widely recognized as top institution in the provision of medical services in the state. However, the medical center faced consistent financial problems; especially the teaching is unable to break-even.
The state government has brought Dr. Rao, previously Director of a large private hospital by offering lucrative salary and perks. Lured by an excellent salary, favorable climate and the opportunity to test his abilities, Dr. Rao accepted the post of Director of the center.
In the post of Director, Dr. Rao holds control of administration of the teaching, hospital and the college of health related professions. He is accountable for both its management and its budget. While Dr. Rao enjoys free hand in the internal affairs of the university, all long range plans and budgets are approved by state legislature and university. The medical center is expected to obtain approval for major programs from both the university and state it is subject to their rules, regulations and priorities. While the state favors expenditure on health care, the university prefers a budget structure supporting teaching and research.
This being the external intricacies, Dr. Rao found that the teaching and health care personnel directly reporting to him have conflicting priorities. While the former group emphasizes teaching and research, latter stresses on health care. A sluggish bureaucracy entrenched in the organization, most of the important people respect it as it provides necessary resources. However, many individuals within the bureaucracy flap well-conceived plans because they lack initiative or have interest in the effective management of the institution.
In this back drop, Dr. Rao found Mr. Das was handling all procurements, a unique personality, he being a retired military person. While purchasing, he buys exactly what every physician orders with no regard to cost. Many of his purchases are dictated by state specifications. This frequently resulted in running out of budget allocation within eight or nine months, contributing to deficit. This forced the center to borrow supplies from local hospitals. Mr. Das, it seems neither made an attempt to change state specifications nor persuaded physician and teaching staff to order less expensive items of equal quality. However, he is not violating the rules, but discharging his duties perfectly with the bureaucracy. Dr. Rao recognized that he is not only an exception in the center.
Based on the above case answer the following questions
1. What are the specific problems of Dr. Rao? How do you eliminate them?
2. How could you redesign the organization? Construct a chart.
3. Dr. Rao is not strong believer of bureaucracy. As such what type of leadership styles are appropriative in this case?
Answers
Answer:
if you work than you will do it
Recently, firms have emphasized agile compensation. The point of agile compensation is to spot and _______ good performance at the moment it occurs.
Multiple Choice
engage
reward
stop
recognize
Answers
You may be able to answer some of the patient's insurance/account questions, but most will be directed to the ______.a. billing departmentb. physicianc. head nursed. third-party collection agency
Answers
While you may be able to provide some information about a patient's insurance or account, it is likely that most questions will need to be directed to the Billing Department.
What is health insurance and why is it important?
Health insurance is a type of insurance that covers the cost of medical care. It helps individuals and families pay for health care expenses that can be expensive, such as hospital stays, doctor visits, and prescription medications. Health insurance is important because it can protect individuals and families from financial hardship in the event of unexpected medical expenses.
Is it necessary for buy a health insurance?In some countries, it is necessary to have health insurance in order to access medical care. In the United States, for example, the Affordable Care Act (ACA) requires most individuals to have health insurance or pay a penalty. However, in some countries, health care is provided through a universal health care system and is not tied to a specific insurance policy.
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Some of the patient's insurance/account inquiries may be answered by you, but the majority will be forwarded to the billing department. Hence, the correct choice is (a.) billing department.
What exactly is health insurance, and why is it necessary?Health insurance is a form of coverage that pays for medical expenses. It assists individuals and families with paying for high-cost healthcare costs like hospital stays, doctor visits, and prescription prescriptions. Individuals and families benefit from health insurance because it protects them from financial difficulty in the case of unforeseen medical bills. In certain countries, having health insurance is required in order to receive medical care. For example, in the United States, the Affordable Care Act (ACA) compels most people to carry health insurance or pay a penalty. In some nations, however, health care is delivered through a universal health care system that is not connected to a specific insurance policy.
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Consider the three types of economic shocks: financial shocks, spending shocks, and supply shocks. Indicate how each affects the real interest rate, the output gap, and the inflation rate.
Consider the three types of economic shocks: financial shocks, spending shocks, and supply shocks. Determine how each one affects the real interest rate, the output gap, and the inflation rate.
Answers
A stock market crash, a liquidity crisis in the banking system, unpredictable changes in monetary policy, or the rapid devaluation of a currency would be examples of financial shocks.
How Financial shocks will affect the real interest rate, the output gap, and the inflation rate?
Financial shocks can cause real interest rates to fluctuate as investors seek safe investments during times of economic instability and uncertainty. If investors become more risk averse during a financial shock, they may demand higher interest rates for more secure investments, resulting in an increase in the real interest rate. Conversely, if investors become more willing to take risks and are more confident in the financial markets, they may be willing to accept lower interest rates, which could lead to a decrease in the real interest rate.
How Spending shocks will affect the real interest rate, the output gap, and the inflation rate?
Spending shocks can influence the supply and demand for credit in the economy, thereby influencing the real interest rate. If spending and credit demand rise as a result of a spending shock, the real interest rate may rise as lenders seek higher returns on their investments. If, on the other hand, spending slows and credit demand falls, the real interest rate may fall as lenders become more willing to offer lower interest rates to attract investors.
How Supply shocks will affect the real interest rate, the output gap, and the inflation rate?
A supply shock is an event that unexpectedly disrupts the supply of goods and services, resulting in a shortage or an increase in prices.A supply shock can cause an increase in the real interest rate. This is because when a supply shock increases prices, it makes borrowing more expensive, resulting in higher interest rates. A supply shock can cause a decrease in the output gap. This is because when prices increase, production costs increase, resulting in a reduction in output. A supply shock can cause an increase in the inflation rate. This is because when prices increase, the result is an increase in the average cost of goods and services, resulting in an increase in the rate of inflation.
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sales quotas___________ are the standards stating the amount salespersons should sell and how sales should be divided among the company's products
Answers
A sales quota is a measure of how much a seller should sell and how sales should be split among the company's products.
How do sales quotas work?A sales quota is a financial target that an individual salesperson and team must meet by the end of a specific period of time (usually it is a month or quarter). Quotas are set by the sales manager, and meeting the quota usually earns the salesperson a performance bonus.
What are types of sales quotas?There are six types of sales quotas: Revenue sales quota. Volume quota. Profit-Based Quota. Combination Quota. Forecast Quota. Activity Quota.
Why Sales Quotas Matter?One of the main reasons for setting sales quotas is to improve performance. Sales managers know the potential of their salespeople. Setting sales quotas motivates salespeople to work harder to meet company goals.
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If expected inflation increases:
A. the short run Phillips Curve shifts to the right.
B. the short run Phillips Curve shifts to the left.
C. there is a movement along the short run Phillips Curve.
D. the long run Phillips Curve shifts in to the left.
Answers
If expected inflation increases: A. the short run Phillips Curve shifts to the right.
What is inflation?Inflation can be defined as the increase in the price of goods and service. When their is inflation in a country the purchasing power can tend to reduce.
An a rise in inflation can tend to have effect on demand curve based on the fact that the short run Phillips Curve will shifts to the right.
Therefore we can conclude that the correct option is A.
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Bond Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2017, at 103.The journal entry to record the issuance will show a
A. Debit to Cash of $5,000,000.
B. Credit to Premium on Bonds Payable for $150,000.
C. Credit to Bonds Payable for $5,030,000.
D. Credit to Cash for $5,150,000.
Answers
Bond Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2017, at 103.The journal entry to record the issuance will show a C. Credit to Bonds Payable for $5,030,000.
What journal entry means?All company transactions are documented in journal entries. Any financial activity that has an effect on the firm is a transaction, in the broadest sense. They encompass every transaction involving the exchange of money, including interest payments, depreciation, costs, and payroll. They are not just restricted to the purchasing and selling of goods and services.
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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The upper class constitutes ______ of the american population and receives almost half the available income.
Answers
The upper class constitutes one-fifth of the American population and receives almost half the available income.
What is income?The sum of money that an individual or organization receives in exchange for their products or goods. Income, which is often stated in dollar values, is the spending and saving possibility acquired by an organization within a given duration.
The midpoint is the level at which half of all households were wealthier and half were poorer. Economic markets and governmental policies are the two main factors influencing the distribution and production of wealth and income globally. One-fifth of Americans belong to the upper b, which also obtains approximately half of all income.
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Don is an accountant in the Finance department. For the last several months, he has been testing an online accounting program. After speaking with his manager, Don receives permission to download a streamlined version of the software, which requires a local installation. Don downloads the application and tries to install it, but the operating system will not allow him to. Out of frustration, he calls the help desk. The help desk sends a technician to Don's machine while Don is out to lunch. The technician installs the application without issue.
Which of the following is the most likely reason Don could not install the application?Insufficient Permissions
Answers
Insufficient permissions are the most likely reason Don could not install the application.
The finance department is what?
The department organization known as the finance department is in charge of raising money for the business, managing money inside the company, and organizing how the money will be spent on various assets.
Don's inability to install the application was probably caused by insufficient permissions. The Insufficient Permissions issue often indicates that the user's assigned role does not have the necessary permissions to carry out the requested action.
Therefore, Don is an accountant in the Finance department.
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Brittany (30) will use the head of household filing status for 2021. Her modified adjusted gross income is $45,000. During the year, she made a $1,500 contribution to her employer's 401(k) plan. She is not a student, and she has never taken a distribution from any retirement plan. The maximum amount Brittany may receive for the retirement savings contributions credit (Saver's Credit) is:
$0
$150
$300
$1500
Answers
The maximum amount Brittany may receive for the retirement savings contributions credit (Saver's Credit) is $150. Thus the correct option is B.
What is a Retirement plan?Retirement planning is the process of developing an economic plan that will allow you to save money, make investments, and ultimately distribute. The basic goal of retirement planning is to become financially independent once you retire.
The adjusted gross income (AGI) is the basis for the savings credit, which is distributed on a percentage basis. Depending on how much they have saved, people with incomes under $32,250 can earn 20% or 50% of the savings credit.
Based on the given information,
Brittany's AGI is $45,000. Here the AGI falls within the 32,250-49,500 income range)
Savers credit rate =10% of the amount saved to the 401K plan.
Amount contributed by Brittany $1,500 in the plan.
Retirement savings contribution credit =10%*1,500
=$150
Therefore, option B is appropriate.
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To replenish the petty cash fund, the journal entry would include Answers: (A) Debit petty cash and credit Cash (B) Debit postage and credit cash (C) Credit petty cash and debit Cash (D) Credit cash and debit postage
Answers
To replenish the petty cash fund, the journal entry would include: (A) Debit petty cash and credit Cash.
How to prepare the journal entry to replenish the petty cash fund?A petty cash fund is often created with a certain amount of money in which this money are often used to meet an organization daily expenditure . This amount is often replenished at the end of the period.
The appropriate journal entry to o replenish the petty cash fund is:
Debit Petty cash
Credit Cash
(To replenish the petty cash fund)
Therefore the correct option is A.
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To replenish a Petty cash fund, the journal entry would include a debit petty cash fund and a credit cash. When a petty cash cashier credit petty cash fund, they must create a journal entry and the entry must show an increase in Petty Cash account and a decrease in Cash account, to a debit Petty Cash account and a credit Cash account.
What is a Petty Cash Fund?petty cash fund, is a small amount of money that a business owner set aside or keeps on hand to pay for smaller business expenses out of the business profit. These small amounts of cash or money can pay for little expenses like light refreshment during meetings or postage stamps ,inks, pens, etc. Petty cash is an alternative to conveniently checks for smaller transactions.
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The purchase of goods and services, the sale of goods and services to customers, and costs to operate the business are all reported on the statement of cash flows under activities.
Blank 1: operating
Answers
The term refers to the sale of goods and services to customers, the purchase of goods and services, and costs to operate the business are all reported in the statement of cash flows under activities operating.
What are Operations in a Company?Operations are one of the main components in a company where operations are the activities of managing the company's internal resources so they can work efficiently. These operations are activities of buying goods or services as capital and selling goods or services made by the company. All costs incurred in these operating activities will be reported in the statement of cash flows under activities.
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If speculators bid up the value of the dollar in the market for foreign-currency exchange, U.S. aggregate demand would shift to the left. a. Trueb. False
Answers
When speculators increase the value of the dollar on the foreign exchange market, American goods become more expensive in comparison to foreign commodities, which causes aggregate demand to move to the right.
What is foreign exchange?Exchanging currencies between nations at market rates is referred to as foreign exchange. Let's examine the definition of foreign exchange in more detail. Different nations use various currencies. Currency exchange is the process of converting one nation's currency into another. a market where one currency is traded for another; for instance, in the market for euros, euros are bought and sold and paid for using other currencies like the yen. A global marketplace for trading currencies is the foreign exchange market, or forex market. It is a decentralised market where you may purchase and sell foreign currency. The market will have over-the-counter foreign exchange rates.
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Bankers usually insist that prospective business borrowers submit audited financial statements along with a loan application. Why should financial statements be audited by a CPA?
Answers
Answer:
Financial statements should be audited by a CPA because it provides an independent and objective assessment of the accuracy and reliability of the financial statements. This ensures that the information presented in the financial statements is complete and free from material misstatements. An audited financial statement can provide greater confidence to the lender that the borrower is financially sound and able to repay the loan.
Answer:
Because audited financial statements are more reliable than unaudited financial statements.
Explanation:
1. Give at least two definitions for entrepreneurship and two for entrepreneur.
Answers
Answer:
entrepreneurship definition 1: The process of developing, organizing, and operating a new business in order to make a profit while taking financial risks.
entrepreneurship definition 2: The pursuit of new ideas and the willingness to pursue those ideas and combine resources to achieve the goal of meeting market needs.
entrepreneur definition 1: A individual who has a concept and works to create a services or products that others buy, and the enterprise that helps that effort.
entrepreneur definition 2: Entrepreneurs take on most of the risks and initiatives of new ventures and are often seen as visionaries or innovators.
Suppose that monetary neutrality and the Fisher effect both hold. An increase in the money supply growth rate increasesa. the inflation rate and nominal interest rates.b. the inflation rate, but not nominal interest rates.c. nominal interest rates, but not the inflation rate.d. neither the inflation rate nor nominal interest rates.
Answers
Suppose that monetary neutrality and the Fisher effect both hold. An increase in the money supply growth rate increases is a. the inflation rate and nominal interest rates.
Many economists preserve that monetary neutrality is a good approximation for the way the economic system behaves over long intervals of time however that in the brief run economic-disequilibrium idea applies, such that the nominal money supply could have an effect on output.
Monetary neutrality is the concept that says that modifications in cash deliver have no real results in the economic system. the classical model of the rate degree. says that the actual quantity of money is usually at its lengthy-run equilibrium level.
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nathan opened an interest-bearing savings account two years ago. his account balance, in dollars, can be calculated using the expression shown below, where t is time, in years. use the given expression to complete the statements below. the quantity that represents nathan's initial deposit is . the quantity that represents the rate at which the account is increasing is , which means the interest rate on the account is %. the quantity that represents the number of times the account compounds each year is .
Answers
The expression to calculate Nathan's account balance is: Account Balance = initial deposit * (1 + rate)^(t)
The quantity that represents Nathan's initial deposit is "initial deposit".
The quantity that represents the rate at which the account is increasing is "rate", which means the interest rate on the account is rate x 100% (for example, 0.03 x 100 = 3%).
The quantity that represents the number of times the account compounds each year is "t", which means if t = 2, then the account compounds twice per year.
Usually, the amount consists of one to two percent of the total price of the residence. For example, if you are buying a $300,000 home, you may expect to pay $3,000 to $6,000 as your initial deposit. Earnest money is one of the many expenses associated with buying a home.
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licensing and franchising are similar approaches involving one organization giving another organization the right to use its brand name, technology, or product specifications in return for a lump sum payment or a fee usually based on sales. group of answer choices
Answers
Licensing and franchising are similar approaches involving one organization giving another organization the right to use its brand name, technology, or product specifications in return for a lump sum payment or a fee usually based on sales. A) Importing, exporting B) Sourcing, procuring C) Licensing, franchising D) Globalizing, internationalizing E) None of the answer choices is correct
What is Licensing and franchising ?A trademark license and the shared use of brand components, technology, or systems in the operation of a firm are two aspects of licensing and franchising, two types of commercial partnerships. Franchise agreements have more restrictions than license agreements, while license agreements involve the shared - licensed - use of a trademark, technology, or business system amongst independent enterprises that each use their own unique and distinctive trademarks. Franchise agreements are more comprehensive than license agreements and regulate and control the entire branding and operations of franchised businesses that operate under a single brand and make use of the same systems, supply chain, and operating procedures, in addition to licensing the use of a trademark.
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Jenny sells two types of milk, whole milk and organic whole milk, and 20 different types of snack foods. Based on this information, demand for whole milk will be more price inelastic or elastic than demand for potato chips, because whole milk: A. has a broader market definition
B. is a luxury food
C. is a necessity good
D. has fewer substitutes
Answers
The Correct answer for the given question is- More price inelastic as Whole milk D.has Fewer Substitutes.
What is Elasticity of demand?It shows the degree to which demand responds as price changed.
A demand that is elastic when a significant shift in quantity demanded as a result of a price adjustment. When the amount sought changes little as a result of a price adjustment, the demand is said to be inelastic.
The following formula is used to calculate demand elasticity:
(Q1 – Q2) / (Q1 + Q2)
(P1 – P2) / (P1 + P2)
If the formula creates an absolute value greater than 1, the demand is elastic.
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The money demand curve is _____ because the opportunity cost of holding money is _____ related to the interest rate.
a. downward-sloping; inversely
b. downward-sloping; directly
c. upward-sloping; inversely
d. upward-sloping; directly
Answers
The money demand curve is downward-sloping because the opportunity cost of holding money is directly related to the interest rate.
While the money demand curve shows the relationship between the amount of money demanded and the interest rate in the economy, money demand refers to the overall demand for retaining cash in an economy. Let's take a step back and give these terms some context. It is practical for people to keep money in their pockets or bank accounts.
They can pay their bills each day while they shop for food or go out with pals. However, there is a fee associated with storing cash on hand or in checking deposits. The cost of keeping money is known as the opportunity cost, and it is the amount of money you would have made if you had invested it in a resource that yields returns.
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Break-even point
PNG electric company manufactures a number of electric products. Rechargeable light is one of the PNG's products that sells for $180/unit. Total fixed expenses related to rechargeable electric light are $270,000 per month and variable expenses involved in manufacturing this product are $126 per unit.
1. Compute the contribution per unit
2. Compute break-even number of units for the company.
3. How much revenue will the company need to make before they earn a profit?
4. Compute the number of rechargeable lights to be sold to earn a net operating income of $189,000 per month.
Answers
The contribution per unit is $54, the break-even number of units for the company is 5,000 units, Salle's Revenue at break even point is $9000,00, and the number of rechargeable lights to be sold to earn a net operating income of $189,000 per month is 8,500 units.
What is the Break-even point?The break-even point is defined as the point at which total cost and total revenue are equal, implying that your small business has no loss or gain.
1.
Computation of contribution per unit:
Contribution Per Unit = Selling price – Average variable cost
Contribution Per Unit = 180-126
Contribution Per Unit =$54
Whereas,
Selling price = $180
Average variable cost = $126
2.
Computation of break-even number of units for the company:
Break Even Point= Total Fixed Cost / Contribution Per Unit
Break Even Point = 270,000/5
Break Even Point = 5,000 units
Whereas,
Total Fixed Cost = $270,000
3.
Computation of Salle's Revenue at break even point:
Salle's Revenue at break even point= Break Even units * Selling price
Salle's Revenue at break even point= $5000*$180
Salle's Revenue at break even point =$900,000
4.
Computation of number of rechargeable lights to be sold to earn a net operating income of $189,000 per month:
Units to be sold at desired Profit = (Total Fixed Cost + Desired Profit) / Contribution Per Unit
Units to be sold at desired Profit =(270,000+189,000) / 54
Units to be sold at desired Profit =8,500 units
Whereas,
Desired profit=$189,000
Therefore, the Break Even Point in units is5,000 units
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Mega Inc. has 1,000 shares of common stock and 1,000 shares of preferred stock outstanding. The preferred stock has a cumulative dividend preference. Both classes of stock have a par value of $10. The preferred stock has a dividend rate of 6 percent. Mega failed to pay a dividend during the prior year. During the current year, the board of directors declares dividends totaling $2.000. Accordingly, the company will distribute dividends in the amount of:
Answers
The company will distribute $1,000 in dividends to the holders of the preferred stock and $1,000 in dividends to the holders of the common stock.
The holders of the preferred stock will receive the full $1,000 dividend as this is a cumulative dividend preference and the company failed to pay a dividend during the prior year. The holders of the common stock will receive $1,000 in dividends split among the 1,000 shares, which amounts to $1 per share.
Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form.
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A brand is an identifying name, term, design, symbol or any other feature that identifies one marketer's product as distinct from those of other marketers.
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A brand is an identifying name, term, design, symbol or any other feature that identifies one marketer's product as distinct from those of other marketers is called brand elements
Branded components also aid in differentiating you from your rivals .When designing your brand strategy, you should focus on these four key brand elements. Strong brand identity, brand image, brand culture, and brand personality are necessary for a strong brand.Your brand's distinguishing elements can be your name, logo, color schemes, and other elements that combine to create a coherent, identifiable picture for your business that permeates everything you do.To know more about brand equity here
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