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kifflom [539]
2 years ago
15

An increase in the price of orange juice from $2.39/half gallon to $2.45/half gallon is accompanied by a 2.5 percent decrease in

sales
Business
1 answer:
Crank2 years ago
7 0
<span>An increase in price could potentially result in a loss in sales due to the client base not believing that the price increase was justified.</span>
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The most recent financial statements for Xporter, Inc., are shown here:
Diano4ka-milaya [45]

Solution :

Expected sales = current sales x (1 + projected sale next year increase)

                         = 5,700 x (1 + 15%)

                         = $ 6555

Expected cost = current cost x (1 + projected sale next year increase)

                       = 4200 x (1 + 15%)

                       = $ 4830

Taxable income = 1500 x ( 1 + 15%)

                           = $ 1725

Taxes (34%)  = 510 x (1+15%)

                     = $ 586.5

Net income = sales - cost - taxes

                   = 6555 - 4830 - 586.5

                   = $ 1138.5

Calculation of total asset :

Current asset = 3,900 x 1.15

                      = $ 4485

Fixed asset   = 8100 x 1.15

                      = $ 9315

Total asset = 4485 + 9315

                  = $ 13800

Calculation of total liabilities

Current liabilities = 2200 x 1.15

                            = $ 2530

Long term debt = $ 3,750

Equity = $ 6050 + (1138.5 x 0.50 )

          = $ 7189

Total liabilities  = $ 2530 + $ 3,750 + $ 7189

                          = $ 13, 469

Therefore the external financial needed is = $ 13800 - $ 13, 469

                                                                       = $ 331

8 0
3 years ago
Burnley and Co., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these of
vekshin1

Answer:

Emma Burnley has a wide span of control

Explanation:

Span of control is defined as the number of subordinates that are directly reporting to a manager . It can be narrow or wide depending on the number of reporting employees.

In a situation where a large numbers and layers of employee report to a particular manager , it is called a wide span of control

Employees get more responsibilities with less supervision and get motivated. However , the manager might just get overworked and have trouble making decision.

5 0
3 years ago
If $360 is invested at an interest rate of 4% per year and is compounded quarterly, how much will the investment be worth in 18
love history [14]
The answer is $736.96
 formula W=p(1+i/q) *(qy)
where p=360 , y=18 (years) , i-0.04 , q=4 (quarterly compounding)
 W=360(1+.01)*72 
 =360*2.0471
6 0
3 years ago
Read 2 more answers
Explain the importance of profit to the economy.
Kay [80]

Answer:

Explanation:

Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products

4 0
3 years ago
Crowl Corporation is investigating automating a process by purchasing a machine for $793,800 that would have a 9-year useful lif
Vsevolod [243]

Answer:

Simple rate of return is 5.8%

Therefore option (a) is correct option.

Explanation:

It is given that purchase cost = $793800

Company saving per year = $133000

Yielding = $21200

Annual depreciation = $88200

Annual profit = $133000 - $88200 = $44800

Net investment is equal to = $793800 - $21200 = $772600

Simple rate of return =\frac{44800}{772600}=0.0579

= 5.8%

Therefore simple rate of return is 5.8 %

So option (a) is correct.

6 0
3 years ago
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