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Ainat [17]
3 years ago
6

Salt Corporation's contribution margin ratio is 75% and its fixed monthly expenses are $55,000. Assume that the company's sales

for May are expected to be $114,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change.
Business
1 answer:
krok68 [10]3 years ago
5 0

Answer:

The company's net operating income for May is $30,500

Explanation:

For computing the net operating income, first, we have to compute the contribution by applying the contribution margin formula. The formula is shown below:

Contribution margin = (Contribution ÷ Sales)

75% = (Contribution ÷ $114,000)

So contribution would be equal to

=  $114,000 × 75%

= $85,500

And the fixed expenses are $55,000

So, the net operating income equal to

= Contribution - fixed expenses

= $85,500 - $55,000

= $30,500

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Suppose Margaret and Thomas are the only two homeowners in the neighborhood. Margaret's demand for clean streets is Q = 50 - 2P.
pentagon [3]

Answer:

20 is the socially optimal number

Explanation:

In this question, we are asked to calculate the socially optimal number of clean streets given the marginal cost of cleaning them.

To solve this problem, we employ a mathematical approach as follows:

Market demand = Sum of Individual demand

Magaret demand = p = (50-Q)/2 = 25-0.5Q

Thomas demand = P = 40-Q

Market demand = 25-0.5Q + 40-Q = 65-1.5Q

MC = 35

Socially optimal number = MC = Market demand

35 = 65-1.5Q

30 = 1.5Q

Q = 20

3 0
4 years ago
Actual production 11,620 packages Budgeted production 12,500 packages Standard direct labor hours 1.52 direct labor hours per pa
Alona [7]

Answer:

8,450 Favorable ; 3,206 Unfavorable

Explanation:

Variable overhead spending variance:

= (Standard rate - Actual rate) × Actual hours

=  ($3 × 18,731) - $47,743

= 8,450 Favorable

Variable overhead efficiency variance:

= (Standard hour -  Actual hour)  × Standard rate

= [(11,620 × 1.52) -  18,731] × $3

= (-1,068.6)  ×  $3

= 3,206  Unfavorable

5 0
4 years ago
Suppose that Rosa is considering migration to another country. To move, she will have to spend $5,000 on transportation and $4,0
Luba_88 [7]

Answer:

Option (B) is correct.

Explanation:

Implicit costs refers to the opportunity cost that is associated with the selection of the alternative.

In this question, the Rosa wants to migrate to another country, if she do so then she have to foregone her earnings in the home country.

Therefore, Rosa's stream of future earnings in her home country is $500,000 and it is considered as implicit cost. She give up this much of income to earn $800,000.

Explicit costs includes:

(i) Transportation = $5,000

(ii) Application and other processing fees = $4,000

5 0
4 years ago
A) "Tranings are are the most important part of any occupation": justify it​
Dmitrij [34]

Explanation:.

The Importance of Training Employees: 11 Benefits

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021As technology advances and workplace methods and strategies improve, there comes a need for employers and employees to align with these changes in terms of knowledge, skills, values and abilities. One of the best ways to enhance knowledge and skills is through training. Getting employees exposed to relevant and consistent training can help companies improve performance and increase results in the workplace. In this article, we explain the importance of training employees and provide a list of potential benefits.

What is the importance of employee training?

Training is important because it represents a good opportunity for employees to grow their knowledge base and improve their job skills to become more effective in the workplace. Despite the cost of training for employees, the return on investment is immense if it is consistent.

There are several reasons it is important for employers to initiate training programs for their employees, such as:

It improves skills and knowledge

Employee training programs help improve the knowledge and skills of employees to match the various changes in the industry. These improvements will positively affect the productivity of workers, which can increase the profits and efficiency of an organization. Some of the things employees may learn through training include work ethics, human relations and safety.

It satisfies the recommendations of performance appraisals.

When an organization's employee performance appraisals suggest the need for improvement on a particular subject or skill, training programs can be organized for staff members to help satisfy this requirement. Training can therefore address an identified problem area and work toward a solution.

8 0
3 years ago
Read 2 more answers
N _____, managers and their subordinates meet whenever the need to discuss ongoing progress and areas for improvement arises.
Finger [1]
The executive team, the administration board and the shareholders meet with the rest of the departments when there is need to adress matters concerning the firms productivity 
6 0
4 years ago
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