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Ostrovityanka [42]
3 years ago
6

Jamie’s Bakery, a small chain of eight bakeries in Altamonte Springs, Florida has recorded sales growth of 30 percent or more pe

r year ever since it was started in 2010, and in 2017 had revenues of $229,000. Jamie’s Bakery is an _____.
Business
1 answer:
pantera1 [17]3 years ago
6 0
<h3>Answer:</h3>

Gazelle

<h3>Explanation:</h3>
  • Jamie's Bakery has recorded a growth of 30% and above from 2010 to 2017 with revenues of $229,000.
  • This makes Jamie's bakery a gazelle company or business due to the growth of 30% in sales per year for a period of more than four years since it was started in 2010.
  • Gazelle ventures or business are fast growing and expands at a high rate and thus important to an economy.
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The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for
zmey [24]

Answer:

$778460

Explanation:

Using the highlow method, we calculate the variable cost per unit,

  • VC / unit = 855460 - 651960 / 730000 - 545000  = $1.1per unit
  • The total fixed cost will be = 855460 - (1.1 * 730000) = $52460

The cost estimating equation will be,

  • Total cost at x number of unit = 1.1x + 52460

The cost of manufacturing supplies for the month of July will be,

  • Total cost (July) = 1.1(660000) + 52460   = $778460
6 0
3 years ago
Metlock, Inc. has 5900 shares of 6%, $50 par value, cumulative preferred stock and 118000 shares of $1 par value common stock ou
MrRa [10]

Answer:

$23900

Explanation:

Given: Cumulative Preferred stock is 5900 shares of 6% at $50.

           Dividend paid in 2019= $11500

First lets calculate the value of preferred stock.

Preferred stock= 5900 shares\times \$ 50\times \frac{6}{100}

∴ Preferred stock= $17700.

Formula:

Dividend received by preferred stockholder= [Preferred\ stock +(Preferred\ stock-Dividend\ paid)]

⇒Dividend received by preferred stockholder=17700+(17700-11500)

⇒ Dividend received by preferred stockholder= 17700+6200= \$ 23900

∴ $23900 dividend received by preferred stockholder in 2020.

4 0
3 years ago
An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retir
riadik2000 [5.3K]

Answer:

An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retirees 2.3% of the average wage times the years of service. The employee can expect to receive __$1,380_____ per year upon retirement.

Explanation:

a) Data and Calculations:

Average wage = $60,000

Number of years worked in the firm = 28 years

Defined benefit pension plan rate = 2.3%

Annual defined benefit pension plan = $1,380 ($60,000 * 2.3%)

Total benefit to be received = $38,640 ($1,380*28) or ($60,000 *28 * 2.3%).

b) This employee is expected to receive the total benefit of $38,640 for serving the firm for 28 long years under the defined pension plan, given the plan rate of 2.3% of the average wage.

8 0
2 years ago
Mary works for a small computer software company. Her boss is constantly improving the company's products but neglects customers
Artemon [7]

Answer:

A) production-oriented

Explanation:

Since in the question it is mentioned that Marry who works for a small computer software based company. Her boss is improving the products of the company in a constant way but at the same time he avoided the customers, billing and the company promotion

So here the boss is stuck in the production oriented as he full focused on improving the products so that he could produce the high quality products by applying the innovation

Therefore the correct option is A.

8 0
3 years ago
For a business credit card, most companies that issue credit, including Visa and Mastercard, specifically state their liability
lora16 [44]

Answer: Cover up to $500 of liability

Explanation:

When one suspect that there has been unauthorized transactions in ones accounts which could be due to fraud, such business or person can make a complaint as soon as possible.

As soon as the report is made, the person is no longer in charge of the unauthorized use of such card. In a case whereby the loss is reported within two days, the liability is limited to $50 but when the report is made within 60 days after ones statement has been sent to the person or business, this may lead to a liability of $500.

Cover upto liability of $500. If the report is made within 60 days of receiving statement that shows fradulent transactions. If it is not reported within 60 days then the liability is unlimited.

3 0
3 years ago
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