Which resource is not an example of a factor of production? a. labor b. natural resources c. government d. capital

Current operating income for Bay Area Cycles Co. is $74,000. Selling price per unit is $120, the contribution margin ratio is 30

NeX [460]

Answer:

1. 6,944 units and $833,333.33

2. $1,080,000 and 22.83%

Explanation:

The computations are shown below:

1. Break-even point in units

= (Fixed expenses ) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit × contribution margin ratio

= $250,000 ÷ $36

= 6,944 units

Break-even point in sales

= (Fixed expenses ) ÷ (Contribution margin ratio)

= $250,000 ÷ 30%

= $833,333.33

2. For margin of safety and margin of safety ratio:

Margin of safety = Expected sales - break even sales

where,

Expected sales = (Operating income + fixed expense) ÷ (contribution margin ratio)

= ($74,000 + $250,000)

= ($324,000) ÷ (30%)

= $1,080,000

So, the margin of safety would be

= $1,080,000 - $833,333.33

= $246,667

Margin of safety ratio = Margin of safety ÷ total sales

= $246,667 ÷ $1,080,000

= 22.83%

3 0

3 years ago

Use the following scenario and data for all questions During lunch time, customers arrive at a postal office at a rate of per ho

ch4aika [34]

Answer:

Check the explanation

Explanation:

The assumptions in single-server queue theory include: -

Unlimited calling population may enter the queue
Arrivals occur randomly and are not dependent but average number of arrival does not change.
Single waiting line and arriving customers are patient customers who can wait in the queue before they can be served regardless of the length of the line.
Arrivals are serviced on a first come first served basis
Service time of one customer may vary from that of another customer.

Kindly check the attached images below to see the step by step explanation to the question above

8 0

3 years ago

A client will soon be completing a course of inpatient treatment for the treatment of schizophrenia. At what point should the ca

Evgesh-ka [11]

ANSWER:

Upon admission to the inpatient setting.

STEP-BY-STEP EXPLANATION:

An inpatient admission is generally appropriate when you're expected to need 2 or more midnights of medically necessary hospital care, but your doctor must order such admission and the hospital must formally admit you in order for you to become an inpatient.

4 0

3 years ago

The payroll register for D. Salah Company for the week ended May 18 indicated the following:

Tema [17]

Answer:

a. May 18

Dr Salaries expense $615000

Cr Social security tax payable $36900

Cr Medicare tax payable $9225

Cr Employment federal income tax payable $165000

Cr Salaries payable $403875

b. May 18

Dr Payroll tax expenses $48915

Cr Social security tax payable $36900

Cr Medicare tax payable $9225

Cr State unemployment taxes payable $2430

Cr Federal unemployment taxes payable $360

Explanation:

a. Preparation of the journal entry to record the payroll for the week of May 18.

May 18

Dr Salaries expense $615000

Cr Social security tax payable $36900

(615000*6%)

Cr Medicare tax payable $9225

(615000*1.5%)

Cr Employment federal income tax payable $165000

Cr Salaries payable $403875

($615000-$36900-$9225-$165000)

(To record the payroll for the week of May 18)

b. Preparation of the journal entry to record the payroll tax expense incurred for the week of May 18.

May 18

Dr Payroll tax expenses $48915

($36,900+$9225+$2430+$360)

Cr Social security tax payable $36,900 (615000*6%)

Cr Medicare tax payable $9225

(615000*1.5%)

Cr State unemployment taxes payable $2430 (45000*5.4%)

Cr Federal unemployment taxes payable $360 (45000*0.8%)

(To record the payroll tax expense incurred for the week of May 18)

8 0

2 years ago

Stan’s Market uses a perpetual inventory system to record the following events involving a recent purchase of inventory: i. On J

vredina [299]

B increase by $117400

6 0

3 years ago