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3 years ago

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

1 answer:

5 0

Straight cut beauty salon merges with clean-cut beauty salon. This is an example of horizontal merger. The horizontal merger s a merger 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.

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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 $168.06 quarterly.

(a) The deposit should be $145.32 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.

Explanation:

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

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

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