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4 years ago

Planning is often called the primary management function because _____________.

Business

1 answer:

lesantik [10]4 years ago

4 0

Planning is often called the primary management function because,

a. it establishes the basis for all the other things managers do

-Mabel <3

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Finch Modems has excess production capacity and is considering the possibility of making and selling paging equipment. The follo

Naily [24]

Answer:

a). Per unit cost = $ 159.31

b). Yes, Finch Modems should make the pagers.

Explanation:

a). Facility level cost proposed to be allocated to the pager line

$=\frac{1600}{5600+1600} \times (66,000+56,000+13,800+74,950)$

= 0.22 + 210750

= $ 210750.22

Facility cost per unit of pager = $\frac{210750.22}{1600}$ = $ 131.71

Cost per unit of pager = $ 26 + $ 1.60 + $ 131.71

= $ 159.31

b). At the selling price of $ 40 per unit, the pager line will result in an operational loss, the profit for the company as a whole will increase if it decides to manufacture the pagers.

Contribution margin per unit of pager = $ 40 - ( $ 26 + $ 1.60)

= $ 15.6

Total contribution margin per unit of pager = 1600 x $ 15.6

= $ 24,960

The net operating income for the company would increase by $ 24.960 if the pagers are added to its product portfolio.

Hence Finch Modems should make the pagers.

3 0

3 years ago

Purple Cab Company had 70,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 40,000

AlladinOne [14]

Answer:

Purple Cab Company

The basic earnings per share is:

= $2.64 per share.

Explanation:

a) Data and Calculations:

January 1, 2021, Outstanding common stock shares = 70,000

April 1, 2021, Issue of new common stock shares = 40,000

December, 31, 2021, Outstanding common stock shares = 110,000

Outstanding fully vested incentive stock options = 7,000

Exercise price of options = $12

Common stock market price = $14

Reported net income = $289,915

The basic earnings per share = $ (Net income/Outstanding common stock)

= $289,915/110,000

= $2.64 per share

b) The basic earnings per share does not include the fully vested incentive stock options. It is only when calculating the diluted earnings per share that the stock options will be included.

3 0

3 years ago

Pellew Corp. paid $600,000 for all of the outstanding common stock of Samos Co. in a business combination initiated and complete

andrezito [222]

Answer:

$40,000

Explanation:

The computation of the goodwill amount is shown below:

= Paid amount + liabilities - current assets - plant and equipment - carrying amount value

= $600,000 + $400,000 - $80,000 - $760,000 - $120,000

= $40,000

This $40,000 indicated the goodwill amount reported in its consolidated balance sheet

All other information which is given is not relevant. Hence, ignored it

5 0

3 years ago

An outside supplier has offered to sell 23,000 units of part S-6 each year to Han Products for $22 per part. If Han Products acc

sesenic [268]

Answer:

Make Buy

Direct material 85100

Direct labour 253000

Variable manufacturing overhead 52900

Fixed manufacturing overhead 69000

Opportunity cost 73000

Purchase cost 437000

Total 533000 437000

Financial advantage is 96000

Explanation:

6 0

3 years ago

What type of a goal is graduating from college in four years? (I forgot the attachment from last question)

Novosadov [1.4K]

Answer:

Long-term

Explanation:

8 0

3 years ago

Read 2 more answers

Planning is often called the primary management function because​ _____________.

Planning is often called the primary management function because _____________.