Question Completion:
Andretti Company has a single product called a Dak. The company normally produces and sells 83,000 Daks each year at a selling price of $64 per unit. The company's unit costs at this level of activity are given below:
Direct materials $ 7.50
Direct labor 8.00
Variable manufacturing overhead 2.50
Fixed manufacturing overhead 8.00 ($664,000 total)
Variable selling expenses 1.70
Fixed selling expenses 4.50 ($373,500 total)
Total cost per unit $32.20
A number of questions relating to the production and sale of Daks follow. Each question is independent.
Answer:
Andretti Company
a) Total contribution margin forgone if Andretti Company closes the plant for two months:
$153,210
b) Avoidable total fixed cost with the plant closure for two months:
$43,225
c) The financial disadvantage of closing the plant for two months:
$198,518
Explanation:
a) Data and Calculations:
Unit Normal Strike Closure
Sales units 83,000 3,458
Sales Revenue at $64/unit 83,000 $5,312,000 $221,333 $0
Direct materials $ 7.50 622,500 25,935
Direct labor 8.00 664,000 27,664
Variable manufacturing overhead 2.50 207,500 8,645
Total variable manufacturing expenses $1,494,000 $62,244
Variable selling expenses 1.70 141,100 5,879
Total variable costs $1,635,100 $68,123
Contribution margin $3,676,900 $153,210
Fixed manufacturing overhead 8.00 $664,000 27,664 38,733
Fixed selling expenses 4.50 $373,500 15,561 49,800
Total fixed costs $1,037,500 $43,225 $88,533
2 months Activity Levels:
Sales unit for 2 months strike = 25% of 83,000 = 20,750/12 * 2 = 3,458
Sales revenue = 20,750 * $64 = $1,328,000/12 * 2 = $221,333
Fixed manufacturing overhead = $664,000 * 35% = 232,400/12 * 2 = $38,733
Fixed selling expenses = 4.50 $373,500 * 80% = $298,800/12 * 2 = $49,800
Disadvantage of closing the plant for two months
Fixed cost under closure $88,533
Loss of contribution under strike 153,210
Less Fixed cost under strike 43,225
Total loss under closure $198,518
What Would You Plan If a Local Museum Paid You to Attract Teens?
Answer:
i would plan a fasion show
Explanation:
Answer:
I would plan an interactive segment.
Explanation:
Something like a dig stand or a tye dye your own museum logo shirt.
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Giving away a product for free can be a good business practice. Why is this TRUE?
When those free items make it into the hands of potential consumers, the business receives ongoing advertising through visibility.
Even if every single person throws away the free product, the company hasn’t wasted any time, resources, or money.
When a consumer doesn’t have to make a purchase, the consumer may become frustrated with the process.
The stock you create is based on your current customers, the repeat customers and the known referral
business to BBFB. It sells to PB for $1.5 million. The check clears. You still have liabilities in this
completed merger and acquisition by Phooey Buitton.
False
True
FALSEEEEEEEEEEEEEEEEEE
Answer:
False
Explanation:
What is the definition for revision
Answer:
Revision means to go back, in thought, to previous actions. You can revise papers, arguments, etc.
if you we're running a company, describe at least two things you would do to improve its productivity
Answer:
I would provide training in order to boost the product quality and make the workers more advanced and productive. I would also give more paid time off so that the workers have a chance to recharge and come back to work refreshed.
Explanation:
All of the major hotel chains have raised their rates all over the world repeatedly every quarter for the past three years. Finally, major corporations with accounts at the hotels have begun to renege on their contracts with the hotels. You represent the corporations with the defense to performance of the contract of unconscionability.
True
False
Answer:
I think its false
Explanation:
because u are defense yh
If you earn a monthly salary of $2,100 what is the maximum amount of debt you should have to avoid debt issues?
Answer:
$756
Explanation:
As a rule of thumb, lenders apply the 28/36 rule to determine if a borrower is over-indebted.
The 28/36 rule suggests that individuals should not spend more than 28% of their gross income on household expenses. The debt level should not exceed 36% of gross income.
With a salary of $2,100, the maximum debt should be 36% of $2100.
=36/100 x $2100
=0.36 x $2100
=$756
Maximum debt should be $756
Compare capitalism,socialism, and communism as to (a) how each allocated scarce resources among alternative wants and (b) the existence of private property.
Answer:
In a purely capitalistic economy, resources are allocated based on the interests of both suppliers and consumers. The allocation of resources should be more efficient since the ultimate goal of businesses is to make a profit by satisfying consumers' preferences. Private property is one of the fundamental pillars of capitalism.
In a socialist economy, an elected government is responsible for allocating resources that should best satisfy the needs of the people that they rule over. Socialistic theories are supposed to be a superior state of capitalism, where everybody should share and enjoy resources but based on their individual contributions. I.e. if you work harder, you should be able to enjoy more resources. Socialist theories recognize individual private property but productive capacity is a common good. E.g. the world in Start Trek is a socialist world.
Communism shares several similarities with socialism, but it differs in some of its basic principles. Communism does not recognize elected governments, e.g. China, North Korea, etc., or have pseudo democracies like the former Soviet Union (currently Russia) and Cuba. Resources are shared by everyone but based on individual needs, not individual contributions. E.g. a person that doesn't work at all could need more things than others that work, and therefore, should receive more resources. Everything is owned and distributed by the government, so theoretically private property doesn't exist. Communism abolishes religion and social classes, while socialism allows religion and still recognizes different social classes.
In real life, there is no purely capitalistic or purely socialist country in the world. Some developed economies lean towards socialism (most European nations and Canada) while others lean more towards capitalism (the US). Communism used to exist in the world, e.g. former Soviet Union, China, Cuba, etc., but even those countries currently recognize private property, although the governments still play a significant role in the economy and resource allocation. But they cannot be considered democracies either.
Apply Concepts In which of these situations would a manufacturer decide to produce more units? A. The marginal benefit is equal to the marginal cost. B. The marginal cost is greater than the marginal benefit. C. The marginal benefit is less than the marginal cost. D. The marginal cost is less than the marginal benefit.
Answer:
D. The marginal cost is less than the marginal benefit.
Explanation:
In making decision when to produce at economies of scale businesses analyse the marginal cost and marginal benefit of a product.
Marginal cost is the dollar amount spent by a company in producing a good, while marginal benefit is on the customer side.
It is the amount of money a consumer is willing to pay for a good. This declines over time as consumption increases.
The best time for a manufacturer to produce more goods is when the amount the consumer is willing to pay (marginal benefit) is more than the cost of producing the good (marginal cost).
This scenario results in more profit for the manufacturer.
Ginger works at a shop as a mechanic. One day at work, a fellow employee is pinned under a car when a jack fails. Ginger rushes over to help, and while trying to lift the car suffers a stroke.
Answer:
Ginger should be covered by worker’s compensation insurance.
Explanation:
Workers' compensation insurance covers accidents suffered by employees while they are performing their work related activities. In this case, someone who has been pinned under a car is considered a work related accident, and Ginger trying to help his fellow coworker is a normal work related activity. If you see a coworker suffer an accident, it is your duty to call for help and if possible and safe (not mandatory), try to help him/her.
The amount of money paid to an investor for each share of stock they own is called a:
share.
supply.
dividend.
ticker.
Answer:
Dividend
Explanation:
Part of the cost of capital
Need Help ASAP
Name a current issue about which you have a strong opinion. Explain the reasons for your opinion. Write 4 sentences.
Something everyone sane can agree on:
Right now, black lives are our focus, but this does not mean every other life is not important. No matter what gender, religion/belief, sexuality, race, nationality, etc., every life is equal. This includes animals as well. Animals are not ours, and should be treated with respect, as they have feelings.
An individual started the corporation by herself and she alone acted to poison the cake, using the corporation's name. The corporation is solely liable.
True
False
Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates the total number of horse stalls in her market to be 5000, owned by a total potential population of 1500. Currently, there are only two competitors in the market, Allison, who has 407 stalls that she cleans, and Sam's Hayfaring Maneger, that cleans 1,220 stalls. The remainder of the stalls are cleaned by their owners rather than by a service. Allison prices her cleaning services at $8 per stall per month and Sam charges $8 for the same service. Allison's sales are derived from 129 customers while Sam's are from 69 customers, meaning that Sam's customers have more stalls on a per capita basis.What is the market penetration rate based on potential customers?
Answer:
13.2%
Explanation:
Calculation for What is the market penetration rate based on potential customers
Using this formula
Market penetration=Numbers of customers who purchased Allison derived sales and Sam derived sales /Total potential population
Where,
Total potential population=1,500
Allison derived sales = 129 customers
Sam derived sales = 69 customers
Numbers of customers who purchased Allison derived sales and Sam derived sales=129 customers+ 69 customers
Numbers of customers who purchased Allison derived sales and Sam derived sales =198 customers
Let plug in the formula
Market penetration=169 customers/1,500
Market penetration=0.132*100
Market penetration=13.2%
Therefore the market penetration rate based on potential customers will be 13.2%
59:47
What percentage of jobs are found through networking?
A.0%-20%
b. 20%-40%
c. 40%-60%
d. 60%-80%
Answer:
the answer is letter D
Explanation:
just took the test it was right on EDG
Answer:
60-80
Explanation:
What is the difference between gross income, taxable income, and adjusted gross income?
HURRY! WILL MARK BRIAN LIST IF RIGHT!
When you receive a loan, the money the lender gives you is called the
Answer:
The Principle
Explanation:
There are two main parts of a loan: The principal -- the money that you borrow. The interest -- this is like paying rent on the money you borrow.
factors that can shift the production possibility curve inward
Answer:
See below
Explanation:
An inward shift of the production possibility curve represents a decline in a country's productive capacity. In other words, the production possibility curve will shifts inwards due to a reduction in a nation's production capacity.
factors that may cause the production capacity to reduce and the production possibility curve to shift inwards include
Natural disasters, including droughts, floods, and earthquakes, can have destructive effects on a country. They reduce the production potential by destroying infrastructure, factories, land quality, and decreasing labor.Violent protests, Wars, terrorism, and political disturbances can hamper economic activities and shift the curve inwards.A recession causes capital investment to drop. It means that workers are using older, less efficient machinery, which causes output per worker to decline.Kubin Company’s relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 units, its average costs per unit are as follows:
Direct materials $ 7.30
Direct labor $ 4.30
Variable manufacturing overhead $ 1.80
Fixed manufacturing overhead $ 5.30
Fixed selling expense $ 3.80
Fixed administrative expense $ 2.80
Sales commissions $ 1.30
Variable administrative expense $ 0.80
Required:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 12,000 units are produced, what is the average fixed m
Answer:
1. If 12,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.502. If 16,000 units are produced and sold, what is the variable cost per unit produced and sold?
variable cost per unit = $7.30 + $4.30 + $1.80 + $1.30 + $0.80 = $15.503. If 12,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 12,000 = $186,0004. If 16,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
$15.50 x 16,000 = $248,0005. If 12,000 units are produced, what is the average fixed m
average fixed manufacturing cost = ($5.30 x 14,000) / 12,000 = $6.1833 average fixed selling expense = ($3.80 x 14,000) / 12,000 = $4.4333average fixed administrative expense = ($2.80 x 14,000) / 12,000 = $3.2667total fixed expenses per unit = $13.8833help me pleaseeeeee its confusing i will give 100 due to brainliest
Answer:
unfortunately I am not available for a new role at this point but would like the following to be a quick update as I have now set the following email address for you to send me the information you needed for my application and the application forms and I want to make the necessary for photosynthesis to the sender if they have been accepted by me
Is putting money aside for college a long term saving, short term saving, fixed expenditure, or variable expenditure.
Answer:
long term saving
Explanation:
because you are saving it for something long in the future
If the company is profitable how does that make u an effective leader??
Answer:
I guess I dont run a buisness
During recessions, state governments often will have to raise taxes and cut spending in order to keep their own budgets balanced. If a large number of states do this, what will happen to the aggregate demand curve at the national level
Answer:
Shift to the left since both of these actions are contradictory.
Explanation:
In the world of economics within the macro level, their are plenty of things that tend to create the demand curve move left; this may be seen when the overall quantity of products and services demanded at any given indicant falls. this will be thought of because the economy contracting. during a national level, masses which are the first consumers might spend less because the value of living is rising or because government taxes have increased. In in most cases arrange to spend less and save more if they expect prices to rise within the future.
1. Which is an example of fiscal policy?
A. preventing unions from going on strike
B. raising taxes in order to cover a budge deficit
C. Restricting the amount of money that banks can lend
D. increasing the level of minimum wage
2. Which is an example of fiscal policy?
A. decreasing the interest rates on loans charged to car companies
B. deploying troops to help citizens cope with natural disaster
C. going into debt to buy a large number of vehicles
D. limiting the number of foreign cars that can be sold in the United Stats
Answer:
A. decreasing the interest rates on loans charged to car companies
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Clyde is pursuing two clients for his consulting business. Time constraints prevent him from pursing both opportunities simultaneously. Clyde has a higher probability of landing Client A but the revenue generated would be smaller. The decision about which client to pursue is an example of which economic principle?
rational self-interest
trading
opportunity cost
Answer:
Opportunity Cost
Explanation:
there is a loss of potential gain when taking the other alternative for the other, so the answer has to be opportunity cost. Hope this helps.
Answer:
opportunity cost
Explanation:
Opportunity cost refers to the forgone benefits in a decision-making situation. Decision-making involves choosing among several alternatives. Each of the options has its merits. Once a choice has been made, the opportunity cost is the forfeited benefit from the next best alternative.
Because Clyde cannot pursue both clients at the same time, he has to decide on one. Choosing one client is forfeiting the gains from the other. The foregone benefits from the client who was not chosen represent the opportunity cost. Clyde has to decide which client to pursue; the other one becomes the opportunity cost.
Two friends want to open a clothing consignment store. Individuals bring clothing to the consignment store and if the clothes sell, the consignment shop earns 60% and the customer receives 40% of the sale. What are the advantages of this type of business over other retail stores? Explain the advantages and disadvantages of operating this business as a sole proprietorship and a partnership
Answer:Some advantages of a consignment store are that if your your item sells both you and the business benifit. A disadvantage of a consignment store is that if the item doesnt sell the business doesnt profit and neither does the person who brought in the item. At other retail stores even if your item doesnt sell you still get the money but you dont get the item back so that could be an advantage or disadvantage.
Explanation:Some advantages of being a proprietorship and owning a consignment store is that you would get to keep all of the 60% sold of all profits.
A dsadvantage of being in a partnership and owning a consignment store would be that you would you would have to spilt the 60% with who ever you are partners with.
Determine what causes the PPF to take that shape. There is only one factor of production and it cannot be used in both sectors at the same time. Factors of production used to produce widgets cannot be used to produce gizmos, and vice versa. Factors of production can be shifted from widget production to gizmo production with no change in productivity. Factors of production can be used in either widget or gizmo production, but some are more productive at producing widgets and some are more productive at producing gizmos.
Answer:
Factors of production can be used in either widget or gizmo production, but some are more productive at producing widgets and some are more productive at producing gizmos
Explanation:
PPF is simply known as production possibilities frontier as it is a curve that shows the differences (variations) in the amounts that can be brought about (produced) of two products if both
are largely use or dependent on the same limited resource for their manufacture. It can also be called a transformation curve.
If a company's scope is too big, what is likely to happen?
A.
The company will face more conflicts of interest.
B.
Employees will participate in a SWOT analysis.
C.
Employees will have better morale.
D.
The company will lose direction and focus.
Answer:
d is correct
Explanation:
Two years ago Daniel bought 40 shares of Ford Motor Company (F) for $70 a share. The stock pays an annual dividend of $1.50. Daniel is going to sell his stock at the current market market price of $120 per share. What would his Total Return be?
Answer:
75.71%
Explanation:
Total return is a measure of all the returns that investment makes, be it interest, dividend income, capital gain, or other forms.
Total return is called using the format below.
(The asset’s value at the end – the value at the beginning year) + dividends/value of the investment at the beginning = the total return.
For Daniel, total return would be
=($120x 40)- ($70 x 40) + ($1.50 x 40 x 2)
($70 x 40)
=$4,800 - $2,800 + $120
$2,800
=$2,120/$2,800
=0.75714 x 100
=75.71%
Mexico city is one of the most polluted cities in the world. True or false?
Answer:
true
Explanation: