1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PSYCHO15rus [73]
3 years ago
11

Marigold Corp. manufactures a product with a unit variable cost of $100 and a unit sales price of $181. Fixed manufacturing cost

s were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $120 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:
Business
1 answer:
abruzzese [7]3 years ago
6 0

Answer:

Increase in income= $20,000

Explanation:

Giving the following information:

Marigold Corp. manufactures a product with a unit variable cost of $100 and a unit sales price of $181. Fixed manufacturing costs were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $120 each in a foreign market which would not affect its present sales.

We will not have into account the fixed costs, because there is unused capacity.

Increase in income= contribution margin * units sold

Increase in income= (120 - 100) * 1000= $20,000

You might be interested in
There is no doubt that the product development stages are very important in creating a successful product.
skelet666 [1.2K]

Answer:

i think its important because working through these creates the plan for the product, creation of sed product how to use it sell it and have a successful product.

3 0
3 years ago
"In the supplier search stage of the B2B buying process, _____ selling plays a major role in providing helpful information to th
evablogger [386]

Answer:

the correct answer is consultative selling.

Explanation:

In this method, the seller often acts as a Consult to the customer and tries to understand the specific needs and wants of the customer before making the sale. This is a unique way to market the products and to grab the customer loyalty in the long run.

8 0
3 years ago
Read 2 more answers
You have been provided with the following summarized accounts of Golden Times Ltd. For the year ended 31 March 2000:
daser333 [38]

The computation of the following financial ratios for Golden Times Ltd is as follows:

<h3>(i) Return on capital employed:</h3>

= Profit after tax/Total assets - current liabilities x 100

= 12.44% (Sh 224,000/ Sh 1,800,000) x 100

<h3>(ii) The profit margin:</h3>

= Profit after tax/Sales revenue x 100

= 5.6% (Sh 224,000/Sh 4,000,000 x 100)

<h3>(iii) The turnover of capital:</h3>

= Sales Revenue/Equity

= 2.86 x (Sh 4,000,000/Sh 1,400,000

<h3>(iv) Current ratio:</h3>

= Current Assets/Current Liabilities

= 1.09 (Sh 1,520,000/Sh 1,400,000)

<h3>(v) Liquid ratio:</h3>

= Current Assets less Stocks /Current Liabilities

= 0.37 (Sh 1,520,000 - Sh 1,000,000/Sh 1,400,000)

<h3>(vi) Number of days accounts receivable are outstanding:</h3>

= Average Accounts Receivable/Sales Revenue x 365

= (Sh. 400,000/Sh. 4,000,000 x 365

= 36.5 days

<h3>(vii) Proprietary ratio:</h3>

= Shareholders equity/Total assets x 100

= 43.75% (Sh. 1,400,000/Sh. 3,200,000)

<h3>(viii) Stock turnover ratio:</h3>

= Cost of goods sold / Average stock

= 2.11 x (Sh. 3,000,000/Sh. 1,420,000)

<h3>(ix) Dividend yield ratio:</h3>

= Dividend per share/Price per share

= 5.36% (Sh. 0.268/Sh.5 x 100)

<h3>(x) Price earnings ratio:</h3>

= Market price per share/Earnings per share

= 8.93x (Sh. 5/Sh. 0.56)

<h3>Data and Calculations:</h3>

Golden Times Ltd

<h3>Balance sheet</h3>

As at 31 March 2000

                                                              Sh.               Sh.                  Sh.

Fixed Assets:

Freehold property (Net Book Value)                                          480,000

Plant and machinery (Net Book Value)                                      800,000

Motor Vehicle (Net Book Value)                                                 200,000

Furniture and fittings (Net Book Value)                                     200,000

                                                                                                  1,680,000

Current Assets:

Stocks                                                                1,000,000

Debtors                                                                400,000

Investments                                                          120,000

                                                                          1,520,000

Current Liabilities:

Trade creditors                            338,400

Bank overdraft                            878,400

Corporation tax                           176,000

Dividends payable                      107,200      1,400,000         120,000

                                                                                               1,800,000

Financed by:

Authorized share capital – 800,000

Sh. 1 ordinary shares

Issued and fully paid: 400,000 Sh.1                                      400,000

Ordinary shares

Capital reserve                                                                      200,000

Revenue reserve                                                                   800,000

Loan capital: 400,000 10% Sh. 1 Debentures                     400,000

                                                                                            1,800,000

Golden Times Ltd

<h3>Profit and loss account</h3>

For the year ended 31 March 2000

                                                                                          Sh.

Sales (credit)                                                                 4,000,000

Profit after charging all expenses except interest on  440,000

debentures

Less: Debenture interest                                                (40,000)

Profit before tax                                                             400,000

Corporation tax                                                               176,000

Profit after tax                                                                224,000

Less: Ordinary dividend proposed                              (107,200)

Retained profit transferred to revenue reserve           116,800

Beginning stock = Sh. 1,840,000 (Sh. 3,000,000 + 1,000,000 - 2,160,000)

Average stock = Sh. 1,420,000 (Sh. 1840,000 + Sh. 1,000,000)/2

Dividend per share = Sh. 0.268 (Sh 107,200/400,000)

Earnings per share = Sh. 0.56 (Sh. 224,000/400,000)

Learn more about financial ratios at brainly.com/question/17014465

#SPJ1

7 0
1 year ago
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.30 per po
bija089 [108]

Answer:

Pirate Seafood Company

1) Calculation of the Allocated Cost of Sold Items:

a) Production Units:

Lobster tails = 3,200/100 * 58 = 1,856 units

Lobster flakes = 3,200/100 * 26 = 832 units

Total units = 2,688 units, costing $12,800

b) Material costs:

Lobster tails = 1,856/2,688 * $12,800 = $8,838

Lobster flakes = 832/2,688 * $12,800 = $3,962

c) Labor costs:

Lobster tails = 1,856/2,688 * $7,400 = $5,110

Lobster flakes = 832/2,688 * $7,400 = $2,290

d) Total Production costs (Materials & Labor):

i) Lobster tails = $8,838 + $5,110 = $13,948

per unit cost = $13,948/1,856 = $7.52

ii) Lobster flakes = $3,962 + $2,290 = $$6,252

per unit cost = $6,252/832 = $7.51

e) Cost of Sales:

Lobster tails = $7.52 x 1,722 = $12,949.44

Lobster flakes = $7.51 x 752 = $5,647.52

2) Calculation of the Allocated Cost of Ending Inventory:

a) Ending Inventory units:

Lobster tails = Production unit Minus Sales unit = 1,856 - 1,722 = 134

Lobster flakes = Production unit Minus Sales unit = 832 - 752 = 80

b) Ending Inventory costs:

Lobster tails = 134 x $7.52 = $ 1,007.68

Lobster flakes = 80 x $7.51 = $600.80

Explanation:

To calculate the costs of sales and the costs of ending inventory, the first step is to calculate the units produced.  The material and labour costs are then apportioned based on the units produced since no costs are allocated to the waste.

Then, the unit costs of tails and flakes are calculated.  These form the bases for computing the cost of items sold and the ending inventory.

5 0
3 years ago
Olive Maccones dies without a will. She has three sons and seven grandchildren. She owned a substantial amount of property. What
navik [9.2K]

Answer:

The property will be transferred according to the Statute of Descent and Distribution.

Explanation:

Intestacy is the situation where a person dies without leaving a will for the sharing of his estate.

When this happens the descent and distribution statute comes into play.

The heirs or next of kin are beneficiaries to the estate. Heirs can be be blood relatives, adopted children, adopted parent, or surviving spouse.

The line of descent is the order of beneficiaries that are from an ancestor. The line of descent can be direct such as sons, or collateral such as cousins.

In this case where Olive Maccones dies without a will and she has three sons and seven grandchildren, her estate will be distributed by a court based on the line of descent of her sons and grandchildren.

6 0
2 years ago
Other questions:
  • A company's Inventory balance at the end of the year was $204,200 and $218,000 at at the beginning of the year. Its Accounts Pay
    13·1 answer
  • A company manufactures 1,200 cylinders per day, each requiring a pressure gauge. The purchase price of the pressure gauge is $3.
    13·2 answers
  • When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
    7·1 answer
  • Ben recently lost his job at a major U.S. auto plant in one of the rust belt states. After looking unsuccessfully for work in a
    10·1 answer
  • Carla wants to start a new software company, but she lives in a remote community where few skilled software programmers live. Wh
    5·1 answer
  • On August​ 14, Park Avenue Bank lent​ $210,000 to City Coffee Shop on a 75​ day, 4% note. What is the maturity value of the​ not
    15·1 answer
  • Before purchasing a car, John sought advice from his friends and researched auto reviews on the Internet. He also visited car de
    8·1 answer
  • To generate higher profit margins, producers must work to
    11·2 answers
  • True or False. A single working person may claim themselves as a dependent.
    10·2 answers
  • Drag the tiles to the correct boxes to complete the pairs.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!