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3 years ago

7

Sally runs a hair styling salon. sally is a profit-maximizing owner whose firm operates in a competitive market. the marginal co

st of a haircut is $15. what is the maximum wage that sally will pay her stylists?

1 answer:

Dima020 [189]3 years ago

3 0

<span>There is insufficient information to answer this question</span>

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Fresh fish is not an effective form of money. What essential characteristic of money does fresh fish lack that most makes it ine

Misha Larkins [42]

Answer:

Medium of exchange

Explanation:

Fresh fish is not an effective form of money. Fresh fish lacks medium of exchange, which makes it ineffective.

4 0

3 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured <u>$45,756,000</u>

Cost of goods sold <u>$50,143,200</u>

Gross Profit $30,856,800

Selling and Administrative Expenses <u>$13,122,000</u>

Operating Income <u>$17,734,800</u>

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold <u>$40,500,000</u>

Manufacturing Margin $40,500,000

Selling and Administrative Expenses <u>$12,150,000</u>

Contribution Margin $28,350,000

<u>Fixed cost</u>

Manufacturing cost $8,856,000

Selling and Admin Expenses <u>$972,000</u>

Total Fixed cost <u>$9,828,000</u>

Operating Income <u>$18,522,000</u>

4 0

3 years ago

Were all loan proceeds used to purchase, build, or improve the home secured by this loan?.

8_murik_8 [283]

A loan is usually gotten from a financial institution to solve a financial emergency which was unplanned for.

<h3>What is a Loan?</h3>

This refers to the obtaining of money from a financial institution and a formal agreement is made for the repayment of the money after a given period of time and with interest.

With this in mind, we can see that loan proceeds can be used to:

Buy a house
Go on a trip, etc

Please note that your question is incomplete so I gave you a general overview to help you get better understanding of the concept.

Read more about loans ere:

brainly.com/question/25239160

7 0

2 years ago

Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department fol

8_murik_8 [283]

Explanation:

Equivalent units

Materials Labor Overhead

Work in process inventory, 23,100.00 34,650.00 34,650.00

beginning

Units started and completed 6,73,000.00 6,73,000.00 6,73,000.00

Work in process inventory, 28,000.00 14,000.00 14,000.00

ending

Equivalent units 7,24,100.00 7,21,650.00 7,21,650.00

First department cost per unit for first department

Materials Labor Overhead Total

Current costs 11,94,765.00 2,88,660.00 5,05,155.00 19,88,580.00

Equivalent units 7,24,100.00 7,21,650.00 7,21,650.00

Cost per Equivalent unit 1.65 0.40 0.70 2.75

The equivalent units for materials,labor and overhead are as follows:

Equivalent units

Materials 724,000

Labor 721,650

Overhead 721,650

In addition,the cost per unit for equivalent units are as follows:

Materials 1.65

Labor 0.40

Overhead 0.70

Total 2.75

7 0

3 years ago

The stock of Business Adventures sells for $50 a share. Its likely dividend payout and end-of-year price depend on the state of

Delvig [45]

Answer:

Holding period return = 14.49%, Standard Deviation = 11.08 approx

Explanation:

Eco Scenario Dividend Stock Price HPR Prob Expected HPR

Boom 3 60 26 0.33 8.58

Normal 1.2 58 18.4 0.33 6.072

Recession 0.75 49 (0.5) 0.33 <u> (0.165)</u>

Expected HPR 14.49%

<u>Calculation Of Standard Deviation</u>

(A) (B) (A) - (B)

$P_{1}$ $P_{0}$ $D_{1}$ Given return Exp return d p $p.d^{2}$

60 50 3 26 14.49 11.51 0.33 43.718

58 50 1.2 18.4 14.49 3.91 0.33 5.045

49 50 0.75 (0.5) 14.49 14.99 0.33 <u> 74.15</u>

Total $p.d^{2}$ = 122.91

wherein, d = deviation

p = probability

Standard Deviation = $\sqrt{Total\ p.d^{2} }$ = $\sqrt{122.91}$ = 11.08

<u></u>

<u>Working Note</u>:

Holding period return = $\frac{P_{1}\ -\ P_{0} \ +\ D_{1} }{P_{0} }$

Boom = $\frac{60\ -\ 50 \ +\ 3 }{50 }$ = 26%

Similarly, for normal = $\frac{58\ -\ 50 \ +\ 1.2 }{50 }$ = 18.4%

Recession = $\frac{49\ -\ 50 \ +\ 0.75 }{50}$ = (0.5)%

figure in bracket indicates negative return

7 0

3 years ago