A(n) _____ is a government-backed mortgage. balloon FHA GHA ARM

Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating mai

Lelu [443]

Answer:

Month Maintenance Machine Equation MAPE

costs hours error (Abs.)

1 $2,750 1,840 $269 9.78%

2 $2,910 1,920 $197 6.77%

3 $3,060 2,000 $135 4.41%

4 $3,170 2,020 $47 1.48%

5 $3,250 2,050 0 0%

6 $3,220 2,030 $8 0.25%

7 $3,160 2,010 $46 1.46%

8 $3,000 1,990 $184 6.13%

9 $2,770 1,850 $260 9.39%

10 $2,370 1,250 0 0%

11 $2,380 1,450 $210 8.82%

12 $2,600 1,740 $309 11.88%

60.37%

variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units) = ($3,250 - $2,370) / (2,050 - 1,250) = $880 / 800 units = $1.10 per unit

fixed cost = $3,250 – ($1.10 x 2,050) = $995

Cost model = $995 + $1.10X

2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1.

MAPE = 60.37% / 12 = 5.03%

5 0

4 years ago

Which of the following statements concerning capital structure theory is NOT CORRECT?

Pani-rosa [81]

Answer: D. Under MM with corporate taxes, rs increases with leverage, and this increase exactly offsets the tax benefits of debt financing.

3 0

3 years ago

Two industries that have the same four-firm concentration ratio can have significantly different herfindahl indexes. A. TrueB. F

NNADVOKAT [17]

True Two industries that have the same four-firm concentration ratio can have significantly different Herfindahl indexes.

What is Herfindahl indexes?

The Herfindahl-Hirschman Index (HHI), a popular indicator of market concentration, is frequently used before to and after merger and acquisition (M&A) deals to assess market competitiveness.

The index gauges a company's size in relation to the size of the industry it operates in as well as its level of competition. The market share of each company that competes in a market is squared, and the resulting values are then added to determine the HHI. Its values can range from almost 0 to 10,000, with lower numbers denoting a less crowded market.

A widely used indicator of market concentration is the HHI. It is determined by squaring the market share of each company that is engaged in market competition and then adding the resulting figures.

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3 0

1 year ago

Kaplan, Inc. produces flash drives for computers, which it sells for $27 each. The variable cost to make each flash drive is $13

horsena [70]

Answer:

Contribution per unit

= Selling price - Variable cost per unit

= $27 -$13

= $14

Contribution margin ratio

= Contribution per unit

selling price

= $14

$27

= 0.518518518

Break-even point in dollars

= $1,400

0.518518518

= $2,700

Explanation:

Break-even point in dollars equals fixed cost divided by contribution margin ratio. Contribution margin ratio is equal to contribution per unit divided by selling price. Contribution per unit is selling price minus variable cost per unit.

4 0

4 years ago

Calculate operating income and net income Selling, general, and administrative expenses were $66,000; net sales were $300,000; i

Kitty [74]

Answer:

a. $37,500

b. $22,800

Explanation:

The computation is shown below:

a. For operating income

Net Sales $300,000

Less: Cost of Goods Sold -$165,000

Gross Profit $135,000

Less: Selling, general and administrative Expenses $66,000

Less: Research and development expenses $31,500

Operating Income (EBIT) $37,500

b. For the net income

Operating Income (EBIT) $37,500

Less: Interest Expense -$7,100

Earnings before Tax (EBT) $30,400

Less: Taxes $7,600

Earnings after Tax or Net Income $22,800

We simply applied the above equation or format for determining the operating income and net income

8 0

3 years ago

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