When Walt Disney Company's executives were planning to build a theme park in France, they firmly believed that the success of McDonald's and Coke, as well as their own success in Tokyo, ensured the runaway success of their plans. Disney policies prohibit sale or consumption of alcohol inside their theme parks, which they also implemented in France. This proved to be a failure since consuming wine with the midday meal is a long-established custom in France. This is most likely a classical example of what?

Answer:

The correct answer would be Option C, None of the other choices are correct.

Explanation:

Demand and supply curves are plotted on a graph containing quantity and price of the product on x axis and y axis respectively.  The intersection of demand and supply curves give us the accurate quantity at an accurate price of the product. Any shift of the curve will result in the surplus or shortage of the product. So in this question, it is asked the reason for the decrease in the quantity of eggs consumed. So the answer is A shift to the right in the supply curve for eggs and a shift to the left in the demand curve for eggs will result in an unambiguous decrease in the quantity of eggs consumed.

The question asks for a scenario that would result in a decrease in both the real price of eggs and the total annual consumption of eggs. The correct answer is Option b: a simultaneous leftward shift in both the supply and demand curves, which leads to an unambiguous decrease in the equilibrium quantity and an ambiguous impact on price, but given the historical data on actual price decrease, this would be the cause.

To determine the cause of an unambiguous decrease in both the real price of eggs and the total annual consumption of eggs, we need to consider the effects of shifts in both the supply and demand curves. Let's review the given options:

Given these analyses, the correct answer is Option b: A shift to the left in the supply curve and a shift to the left in the demand curve for eggs. This is the only scenario provided that could lead to a decrease in both price and quantity consumed.

Answer:

The ending balance in the Allowance for Bad Debts is​ 20,500 CREDIT

Explanation:

The ending balance of Allowance for bad debts would be the 2.5% of sales

The adjustment is made to get the allowance for Bad Debt match the estimate uncollectible ammounts.

Notice it state "company adjusted for bad debt expense"

This means it debit this account as much as it needed to be to make allowance match the estimate allowance.

The write-off are transaction durign the period. They are irrelevant

So the ending balance is:

2.5% of credit sales of 820,000 = $20,500

It is important to remember that Allowance is a counter-asset account. His normal balance is credit, so the final balance is credit.

Answer:

The correct answer is A) budgeted selling price and actual quantity of output.

Explanation:

We call a flexible budget to a budget that is adjusted or flexed with some changes in activity or volume. It is noticeable that a flexible budget tends to be more sophisticated and useful than a statistic budget. And to calculate revenue in a flexible budget, it is necessary a budgeted selling price and actual quantity of output.

Revenue in a flexible budget is calculated using the budgeted selling price and the actual quantity of output.

In a flexible budget, the elements used to calculate revenue are the budgeted selling price and the actual quantity of output. Hence, the correct answer to the question is: A) budgeted selling price and actual quantity of output. Flexible budgets adjust to different levels of activity and provide a more accurate tool for comparing budgeted performance at different levels of activity. They consider what revenues and costs should have been, given the actual level of output during the period.

Answer:

The following statement is False.

(a). Financing for public corporations must flow through financial markets.

Reason: Financing for public corporations can be done through various sources of finance like financial markets, financial institutes and internal funds. It is not compulsion to finance the capital of public companies through financial markets.

The following statement is False.

(b). Financing for private corporations must flow through financial intermediaries.

Reason:  Financing for private corporations does not necessarily need to flow through financial intermediaries. This can be done either directly or indirectly, i.e. with or without intermediaries.

The following statement is False.

(c). Almost all foreign exchange trading occurs on the floors of the FOREX exchanges in New York and London.

Reason: Not necessarily, there are several FOREX exchanges around the world where foreign exchange trading occurs.

The following statement is False.

(d). Derivative markets are a major source of finance for many corporations.

Reason: Derivative markets are not necessarily a major source of finance for many corporations, since there are other financial institutions such as banks etc.

The following statement is False.

(e). The opportunity cost of capital is the capital outlay required to undertake a real investment opportunity.

Reason: The opportunity cost of capital is defined as the incremental return on investment that a firm foregoes when it decides to use funds for a project, rather than investing cash in a marketable security.

The following statement is False.

(f). The cost of capital is the interest rate paid on borrowing from a bank or other financial institution.

Reason:Cost of capital is the required return necessary to make a capital budgeting project.

Financial markets and intermediaries aid various businesses in raising capital. Foreign exchange is not solely bound by physical exchange floors and derivative markets do provide indirect finance benefits to corporations. The opportunity cost of capital relates to foregone investments, while cost of capital corresponds to interest on borrowed funds.

The subject of the question pertains to financial markets and their role in the capital structure of corporations, both public and private. Fundamentally, whether public or private, businesses raise capital through financial markets or intermediaries. Foreign exchange trading, while also occurring on the floor of the FOREX in New York and London, happens digitally as well, often in more vast amounts. Derivative markets, though not directly a source of capital, are used by corporations for hedging risk and speculation. Opportunity cost of capital refers to the return that could have been earned on the best-forgone investment, not the initial capital outlay. The cost of capital indeed refers to the interest corporations pay on borrowed finances.

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Answer:

The expected rate of return is 32.5%

Explanation:

The expected rate of return is equal to the sum of all the outcomes. So, in order to obtain the rate of return, you have to multiply each possible outcome by its probability of occurrence. Note that the sum of [tex]0.10 + 0.25 + 0.50 + 0.15 = 1 = 100%[/tex], that means that the probability of all outcomes has to sum 100%.

The result of each outcome multiplied by its probability is:

The result of the sum of those calculations is equal to 0.325, or 32.5%.

Answer:

Estimate: $43

Exact: $42.97

Explanation:

1. First we must identify the rules of rounding.

    Any number you want to round to (ie: the nearest dollar, tenth, ect) you must look at the number behind it (ie: looking at the ones spot when asked to round to the nearest ten). This number behind is called the rounding digit.

    If the rounding digit we are asked to round is a 0, 1, 2, 3, or 4, then we make the rounding digit and every number behind it a 0. This is call rounding down.

    If the rounding digit we are asked to round to is a 5, 6, 7 , 8, or 9, then we make the rounding digit and every number behind it a 0. The number in front of the rounding digit (the place value we were asked to round to) becomes 1 digit higher. This is called rounding down.

2. We will now round all the numbers to the nearest dollar. So, our rounding digit will be the number behind the dollars, the tenths place.

    4.21 → 4.21 → rounding down → 4.00 → 4

    7.19 → 7.19 → rounding down → 7.00 → 7

    12.68 → 12.68 → rounding up → 13.00 → 13

    2.02 → 2.02 → rounding down → 2.00 → 2

    10.24 → 10.24 → rounding down → 10.00 → 10

    6.63 → 6.63 → rounding up → 7.00 → 7

3. Next, we will take all our rounded numbers and add them up.

    4 + 7 = 11

           ↓

  11 + 13 = 24

           ↓

  24 + 2 = 26

           ↓

 26 + 10 = 36

           ↓

   36 + 7 = 43

4. Then, add up all the original prices.

      4.21 + 7.19 = 11.40

                     ↓

   11.40 + 12.68 = 24.08

                     ↓

    24.08 + 2.02 = 26.10

                     ↓

    26.10 + 10.24 = 36.34

                     ↓

     36.34 + 6.63 = 42.97

5. The estimate, when compared to the actual answer, is very comparable because the estimate is only $0.03 more than the actual amount. The two are less than 10¢ away from each other. The efficiency had when rounding and the close proximity to the real answer makes the two very comparable.

To estimate the total cost of six grocery items, you round each price to the nearest dollar and add them which gives $43. The exact total calculated with a calculator is $42.97. The estimate is reasonable because it is very close to the exact total.

To estimate the total cost of those six grocery items, you round the individual prices to the nearest dollar before adding them up. Here's how it's done:

The sum of those rounded numbers is $43 which is your estimated total cost.

To get the exact total cost, you add the original prices with a calculator:

The estimate is reasonable because it is very close to the exact total cost.

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Answer:

A. what Mary can afford and what she cannot afford

Explanation:

The line will be the combination between Cookies and coffees she can afford with his daily income of 8

She can afford to purchase any combination on the line or below the line

for example,

She can buy either 4 coffees = 8

3 coffees 2 cookies = 8

2 coffee 4 cookies = 8

1 coffe 6 cookies = 8

8 cookies = 8

or just 1 coffe = 2

She cannot afford above the line

4 coffe and 3 cookies = 4*2 + 3 *1 = 11

Answer: The quality and design of calculators improved dramatically from 2014 to 2016.

A new, safe method of memory enhancement became available for purchase.

As the price of textbooks increased, more and more students turned to the used-book market or chose not to buy textbooks at all, instead using the copies on reserve in the library.

Explanation: If textbook price increases , it might overstate the inflation in cost of going to college.

A new safe memory enhancement will be costly because of it's superior quality and technological progress.

Similarly , new calculator will also be improved and superior.

Thus, the survey will reflect higher prices,

Price indexes like the CPI could overstate education-related inflation for reasons such as professors enforcing set purchase requirements, students finding alternate ways to acquire textbooks due to price increases, and difficulty accounting for improvements in product quality, such as calculators.

Student, your question pertains to Consumer Price Indexes (CPI) and how they represent inflation in education costs. Such price indexes can sometimes overstate inflation due to various factors.

The first and fourth options can explain this overstatement because they regard changes in consumer behavior related to costs: professors requiring a set number of notebooks independent of price, and students finding alternative methods to buying textbooks due to price increases.

These examples indicate that because the CPI uses a fixed basket of goods and services, it does not accurately reflect substitutions or changes in purchasing behavior that consumers might make in response to price changes.

The second option, an improvement in calculator quality, is another potential instance of overstated inflation. The CPI often has difficulty adjusting for quality changes, and so might not account for any additional value an improved calculator provides, thereby potentially overstating the effect of inflation.

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As a rational economic agent, out of the three electives I have selected, I will choose the one that will maximize my expected utility. This discipline, therefore, will be chosen according to my preference and with the marginal benefit that will add me.

Principle 1: Economic agents are rational

Principle 2: Economic agents think on the sidelines - this means that consumers make choices that add benefits to their utility functions.

Answer:

a) Baker's profit margin = 7.5%

b) No change on return on total assets

Explanation:

a) Assets Turnover = [tex]\frac{Net Sales}{Average Total Assets}[/tex] = 1.6 times

Return on total assets = [tex]\frac{Net profit}{Average Total assets}[/tex] = 12%

Then we have profit margin on sales = [tex]\frac{Return on total assets}{Asset turnover ratio}[/tex] = [tex]\frac{12}{1.6}[/tex] = 7.5%

b) In case asset turnover declined to 2 times with profit margin of 6% then Return on total assets = Asset turnover ratio X Profit Margin

= 2 X 6% = 12%

Thus there is no change in that case on return on total investments.

a) Baker's profit margin = 7.5%

b) Thus there is no change in that case on return on total investments.

Final answer:

Baker Oats' profit margin is calculated as 7.5%. Its return on total assets remained at 12% despite changes in asset turnover and profit margin in the following year. The firm's accounting profit in the self-check question was $50,000.

Explanation:

To calculate Baker Oats's profit margin, we use the formula for Return on Total Assets (ROTA):

ROTA = Asset Turnover × Profit Margin

Given that ROTA is 12% and Asset Turnover is 1.6 times per year, the profit margin (PM) can be calculated as:

ROTA / Asset Turnover = PM

12% / 1.6 = PM

PM = 7.5%

For part b, to find how the return on total assets changed when the assets turnover went up to 2 times and profit margin decreased to 6%, we calculate:

New ROTA = New Asset Turnover × New Profit Margin

New ROTA = 2 × 6%

New ROTA = 12%

Even though the profit margin decreased, the increase in asset turnover kept the ROTA the same year-over-year.

As for the self-check question provided: The accounting profit is calculated by subtracting explicit costs from total revenues.

Accounting Profit = Total Revenue - (Labor Costs + Capital Costs + Material Costs)

Accounting Profit = $1,000,000 - ($600,000 + $150,000 + $200,000)

Accounting Profit = $1,000,000 - $950,000

Accounting Profit = $50,000

Answer:

We can accept the note giving 418,742.13 or less.

Explanation:

There is a note due in 5 year.

When someone offered this note, it was 3 years from maturity. Is asking you to purchase the note for cash.

The idea is that we receive 500,000 in the future.

For how much are we willing to accept the note?

We are going to discount the 500,000 in three years using our 6% rate compound semiannually.

[tex]Principal * (1+ \frac{r}{n} )^{time* n} = Ammount[/tex]

Where n is the times the rate compounds within a year.

semiannual rate, capitalize 2 times per year.

We post our givens and solve:

[tex]Principal * (1+ \frac{0.06}{2} )^{3* 2} = 500,000[/tex]

[tex]\frac{500,000}{(1 + 0.03)^{6}} = PV [/tex]

PV = 418742.1283

PV = 418,742.13

We can accept the note giving 418,742.13 or less.

Answer: The following are the similarities between job order and process costing:

Explanation:

Job order costing and process costing have significant similarities:  

Answer:

$53,250

Explanation:

In case of profit sharing ratio 3:1

Mary will receive 75% of profits, provided after any allocations made.

Therefore total share of Mary = Salary + Share in profit.

= $15,000.00 + ($51,000.00 X 75%) = $15,000.00 + $38,250.00 = $53,250.00

Note: Salary will also be credited to Mary's capital account, although in some cases firms also open partner's current account in that case salary will be credited to current account and not the capital account. But generally only one capital account is being operated.

Therefore amount credited to Mary's Capital Account = $53,250.00

Answer:

Explanation:

The income statement shows the profit or loss of a company during a particular year. The income statement shows that how much revenue is generated and how much expenses is incurred in a year.

If the revenue is greater than expenses, than the company is earning profits otherwise it suffers a loss.

= Service revenue - Salary expense - insurance expenses - utility expense - rent expense

= 32,000 - 12,300 - 2,500 - 3,900 - 6,000

= $7,300

The Cornhusker Company  has earns a net profit of $7,300 on December 31, 2018.

The table attachment is given below:

The income statement for Cornhusker Company on December 31, 2018 includes service revenue, expenses such as rent, utilities, salary, and insurance, resulting in a net income of $7,300.

The income statement for Cornhusker Company on December 31, 2018:

Net Income = Total Revenue - Total Expenses

Net Income = $32,000 - $6,000 - $3,900 - $12,300 - $2,500 = $7,300

Answer:

Marginal Cost = $19

Marginal Profit = $6

Explanation:

Break even quantity = [tex]\frac{fixed cost}{contribution per unit}[/tex]

80 = [tex]\frac{480}{contribution}[/tex]

Contribution = [tex]\frac{480}{80}[/tex] = 6 per unit

Contribution = Sales - Variable cost = $25 - VC = $6

$25 - $6 = VC = $19

Marginal cost is cost incurred for every additional unit produced, i.e. variable cost = $19, as fixed cost remains constant.

Marginal revenue is additional revenue on sale of every unit = contribution per unit = $6

Marginal cost = $19

Marginal Profit = $6

Answer: the administrative cost that should be assigned to the East division is $85,500.

Explanation: The East division should be assigned with the 45% of the administrative revenues since the total revenues obtained by the two divisions is $1,800,000 plus $2,200,000 equals $4,000,000. $4,000,000 is the total and $1,800,000 is the 45% of the total ($1,800,000 times 100 divided by $4,000,000). 45% of $190,000 is $85,500.

The East division of Aspen Corporation should be assigned $72,500 of the administrative costs based on the cost allocation rule described.

In this question, the administrative costs incurred by Aspen Corporation need to be allocated to the East and West divisions based on their individual revenues. To calculate the allocation for the East division, we can use the formula: (East division revenue / Total revenue) * Administrative costs. Using the provided information, the allocation for the East division would be:

((1,800,000 / (1,800,000 + 2,200,000)) * 190,000 = $72,500

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Answer: $2,100

Explanation:

Given:

No. of shares 24,000 of $100 par  

Dividend per year = (100 shares X $100 par) X 7% = $700  

Since, the preferred stock is cumulative, the holders will receive past dividends not distributed.

From 2016: 700

From 2017: 700

From 2018: 700

Total = $2,100

Answer:

Real COGS  143,150   178,250

Explanation:

[tex]\left[\begin{array}{ccc}-&2018&2019\\Beg.Inv&21,000&29,350\\Purchase&151,500&187,500\\Available&172,500&216,850\\End.Inv&32,500&35,500\\COGS&140,000&184,500\\Adj.End.Inv&-3,150&6,250\\Real COGS&143,150&178,250\\Real End-Inv&29,350&41,750\\\end{array}\right][/tex]

When overstated, it means an inventory with a book value of 100 is really 95

When understated, it means an inventory with a book value of 100 is really 105

This makes the COGS lower than it should in the first case

and higher than it should in the second

Notice:

Because of 2018 adjustment, beginning and availalbe good must be recalculate for 2019

Answer:

Atomicity: All statements within a transaction must be successfully completed or completely aborted.

Consistency: A transaction takes the database from one consistent state to another.

Isolation: The data used by one transaction can not be used by another transaction until the first one has completed

Durability: Once a transaction is done it can not be lost or undone.

Serializability: The schedule for execution in a multiuser environment insures consistent results

The terms Consistency, Atomicity, Isolation, Durability, and Serializability relate to database transactions, and matching them with their descriptions ensures an understanding of how databases maintain integrity and handle multiple transactions.

The terms Consistency, Atomicity, Isolation, Durability, and Serializability are all fundamental concepts related to database transactions. Matching them with their descriptions:

Answer:

$1,070,000.00

Explanation:

Break Even Point in Sales = Fixed Cost/ Contribution Margin Ratio

In case contribution margin is taken as a percentage then straight calculation can be done.

Since variable cost = 60%, contribution margin ratio = Sales - Variable costs = 40%

Break even point in sales = $428,000.00 / 40% = $1,070,000.00

Alternatively it can be calculated by taking contribution per unit, for this

Contribution per unit = Sales Value - Variable cost = $135 - 60% = $54

BEP in units = $428,000 / $54 = 7,925.925 units

BEP in sales = BEP in units X Selling price per unit = 7,925.925 X $135 = $1,069,999.875

Thus value in both cases is same the difference is of rounding off.

$1,070,000.00

Answer:

The adjusting entry at the end of the year is option c.

Debit Bad Debts Expense $12,335;

credit Allowance for Doubtful Accounts $12,335

Explanation:

Bad debt : The amount which is not received by the customer for good supplied by the company is treated as a bad debt.

In the given question,

The 2.5% of ending accounts receivable will be uncollectible so, the allowance would be equals to

= 2.5 % of Accounts receivable

= 2.5 % × $441,000

= $110,25

Now add the allowance for doubtful accounts to the allowance which is calculated above.

So,

= $110,25 + 1,310

= $12,335

The estimated bad debts expense is $12,335

Hence, the adjusting entry at the end of the year is option c.

Debit Bad Debts Expense $12,335;

credit Allowance for Doubtful Accounts $12,335

Final answer:

The correct adjusting entry to record the estimated bad debts expense, considering the percent of receivables method and the current debit balance in the Allowance for Doubtful Accounts, is to debit Bad Debts Expense and credit Allowance for Doubtful Accounts by $12,335. Option C is correct.

Explanation:

To determine the adjusting entry for bad debts expense using the percent of receivables method, we first calculate the desired ending balance in the Allowance for Doubtful Accounts. This is done by multiplying the ending accounts receivable balance by the bad debt percentage, which is 2.5% in this case. So, the calculation is $441,000 * 2.5% = $11,025.

Next, we need to adjust the current balance in the Allowance for Doubtful Accounts to reach the calculated desired balance. The existing balance is a debit of $1,310, which is unusual as this account typically has a credit balance. To correct this and achieve the desired credit balance of $11,025, we need to add both the desired ending balance and the absolute value of the current balance, resulting in an adjusting entry of $11,025 + $1,310 = $12,335.

The correct adjusting entry is therefore: Debit Bad Debts Expense $12,335; credit Allowance for Doubtful Accounts $12,335. This adjusts the Allowance for Doubtful Accounts to the proper credit balance, reflecting the estimated uncollectible receivables.

Profit when economy is strong = $ 50,000

Profit when economy is at moderate pace = $ 20,000

Loss when economy is at reccession = $ 50,000

P (economy remain strong) = 20/100 = 0.2

P (economy at moderate pace) = 0.6

P (economy at reccession) = 0.2

Expected profit = Total x P (2)

= (0.2 × 50,000) + (0.6 × 20,000) - (0.2 × 50,000)

= 10,000.0 + 12,000.0 - 10,000.0

= $ 12,000

••• Expected profit = $ 12,000

New profits arise in economic activities using the financial system. Profit is not obtained by chance, but thanks to the special efforts of people who use money.

Because of the relationship with money transactions, profitability specifically takes place in the context of capitalism.

Declining this view, capitalists include 3 main elements: private property institutions, the practice of profit-seeking, and competition in a free-market economic system.

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Details

Class: College

Subject: Business

Keyword: probability, Opportunity, theory

The expected profit from this investment is $12,000.

To calculate the expected profit from this investment, we will multiply the profit for each outcome by its corresponding probability and then sum up the results.

For a strong economy, the profit is $50,000 with a probability of 20%. So the expected profit for a strong economy is 50,000 × 0.20 = $10,000.

For a moderate-paced economy, the profit is $20,000 with a probability of 60%. So the expected profit for a moderate-paced economy is 20,000× 0.60 = $12,000.

For a recession, the profit is -$50,000 with a probability of 20%. Hence, the expected loss for a recession is 50,000 × 0.20 = -$10,000.

To calculate the total expected profit, we add up the expected profits and losses: $10,000 + $12,000 - $10,000 = $12,000.

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Answer:

Explanation:

Payment of Alimony ⇒ Deductible For AGI    

Mortgage interest on residence   ⇒ Deductible From AGI    

Property Tax on Residence   ⇒ Deductible From AGI    

Contribution to traditional IRA  ⇒ Deductible For AGI    

Contribution to United Church  ⇒  Deductible From AGI    

Loss on sale of real estate ⇒   Deductible For AGI    

Medical Expenses   ⇒  Deductible From AGI    

State Income Tax  ⇒  Deductible From AGI    

Federal Income Tax  ⇒  Not Deductible    

∴Gross Income:      

Salary Income                                                        60,000

Net Rent                                                                  6,000    

Dividend Income                                                    3,500    69,500

∴Deduction for AGI:    

Payment of Alimony                                             12,000    

Contribution to traditional IRA                            5,000    

Loss on sale of real estate                                  2,000         19,000    

Adjusted Gross Income                                                         50,500

∴ Itemized Deduction      

Mortgage interest on residence                                      4,900    

Property Tax on Residence                                              1,200    

Contribution to United Church                                       2,100    

State Income Tax                                                                 300    

Medical Expenses[$3250 - ($50500× 7.50%)]                 ----    

∴Total Itemized Deduction                                              8,500

Daniel's gross income for 2018 is $69,500, his Adjusted Gross Income (AGI) is $52,500, and his total itemized deductions are $13,500. The deductions include mortgage interest, property tax, state income tax, and charitable contributions. Medical expenses are not deductible in this case.

Daniel's Gross Income, Adjusted Gross Income (AGI), and Total Itemized Deductions

1. What is Daniel's gross income?

Daniel's gross income includes salary, net rent income, and dividend income.

Total Gross Income = $60,000 + $6,000 + $3,500 = $69,500

2. What is Daniel's AGI?

To calculate Daniel's Adjusted Gross Income (AGI), we subtract the allowable adjustments from his gross income:

Total Adjustments = $12,000 + $5,000 = $17,000

AGI = $69,500 - $17,000 = $52,500

3. What is Daniel's Total Itemized Deductions (after any limitations)?

Daniel’s itemized deductions include the following:

Medical Expenses Deductible Amount: 7.5% of AGI ($52,500) = $3,937.50. Since $3,250 < $3,937.50, no medical expenses are deductible.

Total Itemized Deductions = $9,900 + $1,200 + $300 + $2,100 = $13,500.

Answer:

  Assign overhead to products based on the products´ relative usage of direct labor.

Explanation:

  It is an accounting method. Recognizes the relationship between costs, overhead activities, and manufactured products. By doing this relation the assignation of indirect costs is less arbitrarily than traditional methods. It is very used in the manufacturing sector.

  I hope this answer helps you.

Answer: These could be categorized as follows :-

Explanation:

a. Accounts receivable = Asset in balance sheet

b. Sales  = Revenue in income statement

c. Equipment = Asset in balance sheet

d. Supplies expense =  Expense in income statement

e. Cash = Asset in balance sheet

f. Accounts payable = Liability in balance sheet

g. Retained Earnings =  Equity in balance sheet

h.  Revenue = Revenue in income statement

i. Contributed Capital =  Equity in balance sheet

j. .Cost of Goods Sold = Expense in income statement

k. Notes Payable =  Liability in balance sheet

l. Selling and Administrative Expenses = Expense in income statement

Answer:

The answer is (A) They undergo continuous change.  

Explanation:

To remain competitive in today’s world, a company must be willing to continue changing according to what the market currently needs and will need in the future. When a company remains stagnant, it would be outpaced by its competitors. Most of the household names that we commonly encounter maintains a spirit of continuous improvement – and we can encounter this from the innovative product they choose to make, better customer experience, or improvement in internal business process.  

Answer:

The firm's budgeted payments in March is $206,500

Explanation:

The purchase pattern is categorized into three percentage  : 25%, 55% , and 20%

Here, following month is considered to be a month which is before than actual month.

The firm's budgeted payments in March is computed below:

= 25% of march month + 55% of February month + 20% of January month

= 25% × $240,000 + 55% × $190,000 + 20% × $210,000

= $60,000 + $104,500 + $42,000

= $206,500

Thus, the firm's budgeted payments in March is $206,500

Answer:

The net operating income should be $69,100 for 7,200 units.

Explanation:

Given,  

Sales (6800) units - $306,000

Variable expense (6800)  - 149,600

Contribution - 156,400 (Sales - Variable cost )

Less - Fixed Expense $96,500

Net operating Income - $59,900

Since, the sales and the variable expense is given for 6800 units. For computing the net operating income for 7200 units, it is important to calculate per unit price of both.  

Per unit sales = Sales ÷ Number of units

                      = $306,000 ÷ 6800 units

                      =  $45 per unit sale

Per unit variable expense = Variable expense ÷ Units

                                           = 149,600 ÷ 6800 units

                                           =  22 per unit expense.

Now, we can compute easily.  

Sales = (7200 × $45) = $324,000  

Less - Variable cost (7200 × $22) =  158,400  

Contribution - $165,600

Less - Fixed expense - $ 96500

Net operating income - $69,100

The fixed expense would remain the same.  

Thus, the net operating income should be $69,100 for 7,200 units.

Answer:

One of the biggest problems with telephone surveys is that people often refuse to participate. - D.

Answer:

D. people often refuse to participate.

Explanation:

One of the biggest problems with telephone surveys is that people often refuse to participate. Many people ignore the calls or block the caller because they are not interested or refuse.

Answer:

[tex]\left[\begin{array}{ccccc}Sales&170,000&180,000&190,000&200,000\\sales \: commissions&10,200&10,800&11,400&12,000\\advertizing&6,800&7,200&7,600&8,000&traveling&5,100&5,400&5,700&6,000&Total  \: Variable&22,100&23,400&24,700&26,000&Fixed&43,000&43,000&43,000&43,000&Total \: Selling \: expense&65,100&66,400&67,700&69,000&\end{array}\right][/tex]

Explanation:

First

we apply the percent rate to each sales level

for example

advertizing for sales 200,000 x 4% = 8,000

Second,

we add them to get total variable

Third,

we add all the fixed cost together

Forth,

and last, we calculate the total cost.