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Elden [556K]
3 years ago
14

Straight cut beauty salon merges with​ clean-cut beauty salon. this is an example of

Business
1 answer:
Allushta [10]3 years ago
5 0
Straight cut beauty salon merges with​ clean-cut beauty salon. This is an example of horizontal merger. The horizontal merger <span>s a </span>merger<span> between firms that are selling similar products in the same market. In this case the straight cut beauty salon and the clean-cut beauty salon are selling similar product and services.</span>
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During its most recent fiscal year, Raphael Enterprises sold 340,000 electric screwdrivers at a price of $19.20 each. Fixed cost
Novay_Z [31]

Answer:

Variable costs=$3,876,000

Explanation:

Given Data:

Fixed costs amounted=$1,156,000

pretax income=$1,496,000.

Units Sold=340,000

Price of each unit sold=$19.20

Required::

Variable costs in the company's contribution margin income statement for the year =?

Solution:

Pretax Income=Revenue-Fixed costs-Variable costs

Revenue=Units Sold*Price of each unit sold

Revenue=340,000*$19.20

Revenue=$6,528,000

Pretax Income=Revenue-Fixed costs-Variable costs

$1,496,000=$6,528,000-$1,156,000-Variable costs

Variable costs=$6,528,000-$1,156,000-$1,496,000

Variable costs=$3,876,000

8 0
3 years ago
Read 2 more answers
(a) What amount should be deposited in a fund at the end of each quarter at 7% compounded quarterly so that there will be enough
gizmo_the_mogwai [7]

Answer:

(a) The deposit should be <u>$168.06 </u>quarterly.

(a) The deposit should be <u>$145.32 </u>quarterly.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

An investor needs $11,000 in 19 years.

(a) What amount should be deposited in a fund at the end of each quarter at 7% compounded quarterly so that there will be enough money in the fund?

(b) Find the investors quarterly deposit if the money is deposited at 9.4% compounded quarterly.

The explanations to the answers are now given as follows:

(a) What amount should be deposited in a fund at the end of each quarter at 7% compounded quarterly so that there will be enough money in the fund?

Since the amount should be deposited in a fund at the end of each quarter, the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * {[(1 + r)^n - 1] / r} ................................. (1)

Where,

FV = Future value of the amount needed in 19 years = $11,000

M = Quarterly deposit = ?

r = Quarterly interest rate = 7% / 4 = 0.07 / 4 = 0.0175

n = number of quarters the deposits will be made = 11 * 4 = 44

Substituting the values into equation (1) and solve for M, we have:

11,000 = M * {[(1 + 0.0175)^44 - 1] / 0.0175}

11,000 = M * 65.4531536741798

M = 11,000 / 65.4531536741798

M = $168.06

(b) Find the investors quarterly deposit if the money is deposited at 9.4% compounded quarterly.

We make use of equation (1) in part (a) as follows:

Where,

FV = Future value of the amount needed in 19 years = $11,000

M = Quarterly deposit = ?

r = Quarterly interest rate = 9.4% / 4 = 0.094 / 4 = 0.0235

n = number of quarters the deposits will be made = 11 * 4 = 44

Substituting the values into equation (1) and solve for M, we have:

11,000 = M * {[(1 + 0.0235)^44 - 1] / 0.0235}

11,000 = M * 75.6957891651599

M = 11,000 / 75.6957891651599

M = $145.32

7 0
3 years ago
Are scholarships included in gross income
GarryVolchara [31]

Answer:

Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 1040 (PDF), include the taxable portion in the total amount reported on the "Wages, salaries, tips" line of your tax return

7 0
3 years ago
Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that an increase in consumer deman
Aliun [14]

The price of the product will increase and then the quantity of the output will also be more than the original one.

<u>Explanation:</u>

In a market which is purely competitive, with the increase in the demand of the particular good in the market, the price of the good will also increase because of the increase in the demand by the consumers. After making the adjustments, the quantity will therefore also increase of the output than the original one.

4 0
3 years ago
Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answ
ArbitrLikvidat [17]

Answer:

SIMON COMPANY'S YEAR END BALANCE SHEET

AT DECEMBER 31                Current    1 yr ago    2 yrs ago

cash                   6.1%  8.1% 9.90%

Accounts receivables  16.6% 14.1% 13.2%

inventory           21.5% 18.9% 14.6%

prepaid expense   1.8%         2.1%  1.1%

plant asset           54.0% 56.8% 61.2%

Total Asset         100.0% 100.0% 100.0%

     

Liabilities and Equity      

Accounts payable   24.4% 17.1% 13.2%

Notes payable   18.6% 23.0% 22.5%

common stock   28.5% 33.1% 40.5%

Retained earnings   28.5% 26.9% 23.8%

total                    100.0% 100.0% 100.0%

2) The change in % of accounts receivables is unfavorable because this means that our Debtors are not paying instead are continuing to buy on credit and that our collection methods are weak and ineffective.

3) The % change in inventory is unfavorable because it means we are selling less stock as years goes by and that we are buying more than we are selling.

Explanation:

6 0
3 years ago
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