Answer:
4,513 approx.
Explanation:
The computation of the minimum number of jars of silver polish is shown below:-
Sales revenue for one jar of silver polish $5.60
Sales revenue for 1/4 pound of Grit 337 0.85
($3.40 × 1 ÷ 4)
Incremental revenue from
further processing $4.75
($5.60 - 0.85)
Incremental costs of further processing:
Processing costs $2.40
Selling costs $0.40 $2.80
Incremental contribution
margin from further
processing into silver polish
per jar $1.95
($4.75 - $2.80)
Point of indifference denotes the point where all options are equally profitable. But after that we will see that more processing is profitable. This is due to the fixed costs involved in further production.
Thus Minimum number of jars needed to produce to justify the further processing = Avoidable Fixed cost ÷ Incremental contribution
= $8,800 ÷ $1.95
= 4,513 approx.
Answer:
$41,354.98
Explanation:
Required future worth = Annual savings x FVIFA(r%, N) x (1 + r)
Required annual savings ($) = [Required future worth / FVIFA(r%, N)] / (1 + r)
= 725,000 / [FVIFA(10%, 10) * 1.1]
= 725,000 / (15.9374 * 1.1)
= 725,000 / 17.53114
= 41354.98318991235
= $41,354.98
Note: Since this is annuity due (deposit made at beginning of year), FV is divided by (1+r).
Answer:
It will be difficult for Mary to compare the crime rates in a U.S. city with her hometown of London, England:
b. There are differences in the way crime is measured.
Explanation:
- The option a is not correct as it is not true that England doesn't have any crime statistics that are available to civilians.
- The option b is correct as the ways of measuring crimes are different for different regions or places.
- The option c is not correct as there is no dictatorship in England.
- The option d is not correct as it is not true that only solved cases are included in England's crime rates.
Answer:
the issue price is $88 per share
Explanation:
The computation of the issue price is shown below:
= (Common stock + paid in capital) ÷ (Number of common shares issued)
= ($3,600,000 + $36,000,000) ÷ 450,000 shares
= $39,600,000 ÷ 450,000 shares
= $88 per share
Hence, the issue price is $88 per share
Answer:
The measure of occupational prestige is determined through the process in which a nationwide sample of people is asked to evaluate a series of different jobs.
Explanation:
Occupational prestige is also known as job prestige. It is a way used by sociologists to define the social position or standing of people based on their occupation. Rather than using the personal attributes of individuals, it ranks people according to their profession or occupation. The ranks lie from 0 to 100, with 0 being lowest score and 100 the highest. These ranks are alloted to different professions by conducting nationwide surveys.
