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3 years ago

In the 1970s, steve reich spent a month playing with and listening to drummers in

1 answer:

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In Ghana. In the late spring 1970 Steve Reich went to Ghana to think about drumming. With a travel concede from the Special Projects division of the Institute of International Education, he advanced toward Accra keeping in mind the end goal to think about with Gideon Alorworye, the inhabitant ace drummer of the Ghana Dance Ensemble.

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Magic Realm, Inc., has developed a new fantasy board game. The company sold 8,400 games last year at a selling price of $70 per

dlinn [17]

Answer:

1-a. Net operating income = $84,000

1-b. Degree of operating leverage = 2.00

2-a. Expected percentage increase in net operating income for next year = 48%

2-b. Expected amount of net operating income for next year = $124,320

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Magic Realm, Inc., has developed a new fantasy board game. The company sold 8,400 games last year at a selling price of $70 per game. Fixed expenses associated with the game total $84,000 per year, and variable expenses are $50 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 10,416 games next year (an increase of 2,016 games, or 24%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

The explanation of the answers is now given as follows:

1-a. Prepare a contribution format income statement for the game last year.

The contribution format income statement for the game last year can be prepared as follows:

Magic Realm, Inc.

Contribution Income Statement For the Game

For Last Year

Particulars Amount ($) Per Unit ($)

Sales (8,400 * $70) 588,000 70

Variable cost (8,400 * $50) (420,000) (50)

Contribution margin 168,000 20

Fixed cost (84,000)

Net operating income  84,000 

1-b. Compute the degree of operating leverage.

Degree of operating leverage = Contribution margin / Net operating income = $168,000 / $84,000 = 2.00

2-a. What is the expected percentage increase in net operating income for next year?

This can be calculated as follows:

Expected percentage increase in net operating income for next year = Degree of operating leverage * Expected percentage increase in sales = 2 * 24% = 48%

2-b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Expected amount of net operating income for next year = Last year's net operating income + (Last year's net operating income * Expected percentage increase in net operating income for next year) = $84,000 + ($84,000 * 48%) = $84,000 + $40,320 = $124,320

6 0

3 years ago

Through what process can special interest groups and businesses influence the government?

DochEvi [55]

Answer:

Lobbying

Explanation:

This is a tool used since the beginnings of political organized society. Nowadays it is considered a business practice and there are enterprises that use lobby to influence politicians in order to meet the objectives they want to attain with actions such as passing of bills.

8 0

3 years ago

Wen, a consumer researcher, is conducting a research on the buying behavior of the Hispanics. As part of her study, she calculat

kozerog [31]

Answer:

demographics.

Explanation:

Demographic attributes refer to the particular characteristics common to a particular regional population. In a demographic survey factors such as gender, race, age and income are analyzed.

Demographic data help to understand peculiar characteristics of a given population, through the data it is possible to understand if the individual characteristics of a participant are relevant to configure as a representative sample of the population, in order to assist in the generalization and development of policies and research. Market

4 0

3 years ago

What steps can a nation take to achieve economic growth?

GalinKa [24]

The correct answer should be 2 and 4. Physical capital investing doesn't necessarily mean that there will be an increase in production, while import increase is bad for the economy because what you want is to export. Reducing the defense budget doesn't make your economy grow. Investing in human capital means that you help people educate so they can work better and produce more and come up with new things, and engaging in international trade makes your economy stronger too.

8 0

3 years ago

Read 2 more answers

Sally Smith incurred expenses of $800 in June which she paid in July. She declared these expenses on her June income statement.

Nitella [24]

Answer:

Accrual

Explanation:

The accounting principle of accrual means that you should register something when the fact that origins the right for the future payment/collecting occurs. It does not matter if the payment is done later, the fact that made you to pay was already done, so we apply accrual and say we already owe that money that we pay later.

In this example, Sally used the principle of accrual for the things in June that she later paid in July... but her expenses were origined in June, so they apply to June.

6 0

3 years ago