Answer:
The thrust of their concern is biasness and the fact that people would not be able to make informed decisions.
Yes I agree with this concern
Explanation:
Today so many media stations and outlets are owned by different corporations or conglomerates. So it is very possible that these media outlets are influenced by the corporations Which own them.
The main concern of critics is that these media outlets would begin to put forward biased contents and they would stop serving the public when they overlook the shortcomings of these corporations. Thereby making people unable to make informed decisions which is crucial for democracy.
Corporate media is actually a good idea since it creates a healthy competition. What is necessary is a check by the government so as to avoid biasness. Making publication of real news and enhancing informed decision making.
Answer:
The minimum price which the company should not go below is $26.00
Explanation:
The minimum price which the company should not go below is the price which covers all cost of manufacturing and non-manufacturing to meeting the special, one-time-only order.
Thus we need to calculate the per unit cost of the special order.
<u>Unit cost of the special order</u>
Direct materials $ 13.00
Direct labor $ 7.00
Variable manufacturing overhead $ 6.00
Total Cost $26.00
Note
All fixed cost are<em> irrelevant</em> in this calculation as the cost would be incurred whether or not the special order is accepted.
Also the question specifically mentioned that "There would be no variable selling expense on this special order" We need not to include any variable selling expense
1)The cm ratio<span> is the difference between a company's sales and variable expenses (expenses proportional to units produced), expressed as a <span>percentage. Hence, we have that the costs of the product per unit are 70%= 100%-30% of the unit income, thus they are 40*70%=28$. Thus, the variable expenses per unit are 28$.
2) In order to break even, they have to make profit of 180000$ from sales. Each unit gives a profit of 12$=40$-28$ (unit profit). Hence, in order to make a profit of 180000$, the have to sell 180000/12=15000 units. Those units will bring in sales of 40*15000=600000$. We also have that if the company wants to make a net profit of 60000$, the profit from the unit sales needs to be 240000$ in total. Hence, they will need 240000/12=20000 units and the sales will be 40*20000=800000$ at that point.
3) Let us calculate the new cost. It is obviously 28-4=24$. The new profit margin per unit is 40-24=16$. Hence, to break even this time they will need only 180000/16=11250 units. They will be sold for 40*11250=450000$ in total. To make that additional profit of 60000$, they will need to sell 60000/16 more units, hence 3750 more units. This means that they need to do an additional 150000 dollars in sales. With the new variable cost, to achieve profit of 60000 they need to sell 11250+3750=15000 units and they will cost 600000$
</span></span>
Answer:
$88,382.67
Explanation:
Here is the complete question:
Sally makes deposits into a retirement account every year from the age of 30 until she retires at age 65.If Sally deposits $1200 per year and the account earns interest at a rate of 4% per year, compounded annually, how much will she have in the account when she retires?
To calculate the future value of the annuity, we use this formula: amount x annuity factor
Annuity factor = {[(1+r) ^N ] - 1} / r
Amount = $1200
R = interest rate = 4%
N = number of years = 35
=( 1.04^35 - 1) / 0.04 = 73.652225
73.652225 × $1200 = $88,382.67
I hope my answer helps you
Answer:
a. Revenue = $23,660
b. Revenue = $40,837.50
Explanation:
a) Data and Calculations:
Minimum number of chairs to be sold under the deal = 260
Price at minimum number of chairs (260) = $91
Maximum number of chairs to be sold under the deal = 450
Discount offered for quantity above 260 = $0.25 per chair on the entire order
Price at maximum number (or just above 260 chairs) = $90.75 ($91 - $0.25)
Minimum revenue to be made under this deal = $23,660 (260 * $91)
Maximum revenue to be made under this deal = $40,837.50 (450 * $90.75)
