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natka813 [3]
3 years ago
9

​a senior executive who promotes the project and ensures its support, both financially and administratively, at the highest leve

ls of the organization is needed to fill the role of a(n) ____________ on a development team.
Business
1 answer:
Kruka [31]3 years ago
5 0
The answer to this problem is "CHAMPION" such as when the <span> Senior Executive of the company who promotes the project and ensures its support, both financially and administratively aspects, at the highest or the top levels of the organization is needed to fill the role of a CHAMPION on a development team where he will leads and facilitate to achieve the common goals of the entire organization.</span>
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Raven Company has a target of earning $71,200 pre-tax income. The contribution margin ratio is 16%. What amount of dollar sales
Jlenok [28]

Answer:

$685,000  

Explanation:

First and foremost, the formula for determining the contribution margin ratio can be used to determine the target dollars sales as shown below:

contribution margin ratio=contibution margin/sales revenue

contribution margin ratio=16%

contribution margin required=pretax income+fixed costs

contribution margin required=$71,200+$38,400=$109,600  

16%=$109,600/sales revenue

16%*sales revenue=$109,600

sales revenue=$109,600/16%

sales revenue=$685,000  

6 0
2 years ago
When it comes to distribution what is the least expensive route when getting the product from the manufacture or farmer to the u
Nezavi [6.7K]
<h2>Direct distribution is one of the least expensive route to access customer directly</h2>

Explanation:

  • Direct distribution is one the method which does not involve any intermediaries.
  • They do not have dealers, sub-dealers, etc to reach the customer with the product.
  • Online shopping enables direct distribution
  • Since direct distribution does not involve intermediaries, it can reach customer more quickly and the cost is also less.
  • Whereas when the product is reached through indirect distribution, then we have to spend amount on transport to reach product to dealers, then dealers spend money to sub-dealer and so on.
5 0
3 years ago
Fields Cutlery, a manufacturer of gourmet knife sets, produced 20,000 sets and sold 23,000 units during the current year. Beginn
Andreyy89

Answer:

Net income under variable costing would be $429,000.

Explanation:

Under the variable costing method the most important point to understand here is that fixed cost of the previous period ( 3000 units in this case ) would not be carried over to current period. Which means that the fixed cost and cost of goods sold be less now and the profit will increase.

NET INCOME =

SALES                                   = $ 1035,000  ( 23,000 X 45 )

(-) COST OF GOODS SOLD  = ($ 391,000) ( 23000 X 17 )

 ( We have multiplied 23,000 units by 17 because now those fixed cost of $5 are not carried forward to this period)

GROSS CONTRIBUTION MARGIN  = $1035,000 - $391,000

                                                          = $644,000

(-)VARIABLE SELLING AND ADMINISTRATION EXPENSES = ($69,000)

 ( $115,000 X 60% )

CONTRIBUTION MARGIN = $644,000 - $69,000

                                           = $575,000

(LESS) FIXED COSTS          = ($146,000)   [ $100,000 + $46,000 ]

1) MANUFACTURING COST = 20,000 X $5

                                              = $100,000

2) SELLING AND ADMINISTRATION EXPENSES = $115,000 X 40%

                                                                                = $46,000

INCOME  = $575,000 - $146,000

                = $429,000

8 0
3 years ago
Firms HL and LL are identical except for their leverage ratios and the interest rates they pay on debt. Each has $25 million in
erik [133]

Answer:

A. ROIC for firm LL 12%

ROIC for firm HL 12%

B. ROE for firm LL 13.5%

ROE for firm HL 18.6%

C. New ROE for firm LL 16.5%

Explanation:

A. Calculation to determine the return on invested capital (ROIC) for each firm

Using this formula

ROIC=EBIT(1-T)/Total Invested Capital

Let plug in the formula

ROIC=$5 million(1-.40)/$25 million

ROIC=$5 million*.60/$25 million

ROIC=$3 million/$25 million

ROIC=0.12*100

ROIC=12% for both firms

Therefore the return on invested capital (ROIC) for each firm is:

ROIC for firm LL is 12%

ROIC for firm HL is 12%

B. Calculation to determine the rate of return on equity (ROE) for each firm.

Calculation for ROE for firm LL

First step is to calculate the Debt

Debt=$25 million*20%

Debt=$5 million

Second step is to calculate the Debt Interest

Debt Interest=$5 million*10%

Debt Interest=$500,000

Third step is to calculate the EBIT of firm LL

EBIT of firm LL=$5 million- $500,000

EBIT of firm LL=$4,500,000

Fourth step is to calculate Tax owed

Tax owed =$4,500,000*40%

Tax owed =$1,800,000

Fifth step is to calculate the Net income of firm LL

Net income of firm LL=$4,500,000-$1,800,000

Net income of firm LL=$2,700,000

Sixth step is to calculate the Equity for firm LL

Equity for firm LL=$25million-$5 million

Equity for firm LL=$20 million

Now let calculate the ROE using this formula

ROE=Net income /Equity

Let plug in the formula

ROE=$2,700,000/$20 million*100

ROE=13.5%

Calculation for ROE for firm HL

First step is to calculate the Debt

Debt=$25 million*55%

Debt=$13,750,000

Second step is to calculate the EBIT of firm HL

EBIT of firm HL=$5 million-[(55%*$25 million)*11%]

EBIT of firm HL=$5 million-($13,750,000*11%)

EBIT of firm HL=$5 million-$1,512,500

EBIT of firm HL=$3,487,500

Third step is to calculate the Tax owed

Tax owed =$3,487,500*40%

Tax owed =$1,395,000

Fourth step is to calculate the Net income of firm HL

Net income of firm HL=$3,487,500-$1,395,000

Net income of firm HL=$2,092,500

Fifth step is to calculate the Equity for firm HL

Equity for firm HL=$25million- $13,750,000

Equity for firm HL=$11,250,000

Now let calculate the ROE using this formula

ROE=Net income /Equity

ROE=$2,092,500/$11,250,000*100

ROE=18.6%

Therefore the rate of return on equity (ROE) for each firm is:

ROE for firm LL is 13.5%

ROE for firm HL is 18.6%

C. Calculation to determine the new ROE for LL

First step is to calculate the debt

Debt=$25 million*60%

Debt=$15 million

Second step is to calculate the Debt Interest

Debt Interest=$15 million*15%

Debt Interest=$2,250,000

Third step is to calculate the EBIT of firm LL

EBIT of firm LL=$5 million- $2,250,000

EBIT of firm LL=$2,750,000

Fourth step is to calculate the Tax owed

Tax owed =$2,750,000*40%

Tax owed =$1,100,000

Fifth step is to calculate the Net income of firm LL

Net income of firm LL=$2,750,000-$1,100,000

Net income of firm LL=$1,650,000

Sixth step is to calculate the Equity for firm LL

Equity for firm LL=$25million-$15 million

Equity for firm LL=$10 million

Now let calculate the New ROE using this formula

ROE=Net income /Equity

Let Plug in the formula

ROE=$1,650,000/$10 million*100

ROE=16.5%

Therefore the new ROE for LL is 16.5%

5 0
3 years ago
Arthur owns a tract of undeveloped land (adjusted basis of $145,000) which he sells to his son, Ned, for its fair market value o
Dovator [93]

Answer:

Arthur’s recognized gain or (loss) = $0

Ned’s basis in the land = $105,000

Explanation:

As the adjusted basis for Arthur was $145,000 and he sold it for $105,000 hence, there is no gain. Ned basis is the fair market value at which he purchased the tract of land.

4 0
3 years ago
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