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3 years ago

What is financial management?

1 answer:

3 0

Financial management<span> (FM) has been defined by many ways by different experts. However, it is widely agreed that FM is an optimal technique to manage funds through the use of different tools.
The purpose of FM is to accomplish effectively and efficiently the objectives of an organization.

I hope this is a helpful answer.</span>

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57.Assume that Major Manuscripts, Inc. is currently operating at 97 percent of capacity and that sales are projected to increase

Ulleksa [173]

Complete Question:

Check the attached file for the complete question

Answer:

The projected addition to fixed assets is $1,533.33

Explanation:

Sales at 100% percent = Sales at current capacity/Current operating capacity

Since the Major Manuscripts, Inc. is currently operating at 97 percent of capacity of the net sales of $17,100

Sales at maximum capacity = 17,100/0.97

Sales at maximum capacity = $17,628.87

Projected to fixed assets = ([Current net fixed assets/Sales at maximum capacity]*Increase in sales) - Current net fixed assets

Projected addition to fixed assets = ([$11,400/17,628.87]*20,000) - 11,400 Projected addition to fixed assets = ([$11,400/17,628.87]*20,000) - 11,400 Projected addition to fixed assets = 12,933.33 - 11,400

Projected addition to fixed assets = 1,533.33

The projected addition to fixed assets is $1,533.33

7 0

4 years ago

Coffee Klatch is an espresso stand in a downtown office building. The average selling price of a cup of coffee is $1.49 and the

dexar [7]

Answer:

The contribution margin ratio for Coffee Klatch is 83%.

Explanation:

Given that Coffee Klatch is an espresso stand in a downtown office building, and the average selling price of a cup of coffee is $ 1.49 and the average variable expense per cup is $ 0.24, and the average fixed expense per month is $ 1,600, to determine what is the CM Ratio for Coffee Klatch if an average of 2,100 cups are sold each month, the following calculation must be performed:

Contribution margin ratio: (sales - variable costs) / sales

((2,100 x 1.49) - (2,100 x 0.24)) / (2,100 x 1.49) = X

(3.129 - 504) / 3.129 = X

2.625 / 3.129 = X

0.83 = X

Thus, the contribution margin ratio for Coffee Klatch is 83%.

7 0

3 years ago

Approximately __________ of trades involving shares issued by firms listed on the New York Stock Exchange actually take place on

Sophie [7]

Answer: B. 75%

Explanation: The NYSE accounts for a large majority of equity trades in the North America and worldwide. But not all trades actually do go on on the NYSE. I think this is because in 2007 they acquired Euronext which combined the NYSE with the five major European exchanges, inclusive of the Paris Bourse, Amsterdam, the London International Financial Futures etc. This merger bumped up their trading capacity to up to 10 billion shares per day. While 75% of trades do go on on the NYSE, the rest are handled by the other aspect of the merger deal, Euronext.

6 0

3 years ago

If a balance exists in the temporary moh account at the end of the period, it can be ignored for purposes of preparing the com

Volgvan

The statement "If a balance exists in the temporary MOH account at the end of the period, it can be ignored for purposes of preparing the company’s financial statements" is False.

The manufacturing overhead (MOH) price is the sum of all the oblique expenses which can be incurred while producing a product. Its miles brought to the value of the very last product alongside the direct cloth and direct labor prices.

Manufacturing overhead is a cost listed below the cost of income, in this case, referred to as the price of products synthetic. It's far something of a trap-all term for the expenses needed to run the facilities to manufacture the business's products intended on the market.

Examples of MOH

Electricity or gas is utilized in a manufacturing facility.
Different utilities, inclusive of water and trash provider.
Unexpected repairs.
Supervisors or managers within the factory.
Depreciation of a construction's value.
Rent and assets taxes.
Equipment depreciation.

Learn more about manufacturing overhead here brainly.com/question/13312583

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8 0

2 years ago

Which scenario would you not have to worry about your credit score? applying for a credit card

SpyIntel [72]

Answer:

none of the above

Explanation:

The credit score is used for all the options listed.

8 0

4 years ago