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bonufazy [111]
3 years ago
8

Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm h

as two offices—one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company’s most recent year is given:
Office
Total Company Chicago Minneapolis
Sales $450,000 100% $150,000 100% $300,000 100%
Variable expenses 225,000 50% 45,000 30% 180,000 60%

Contribution margin 225,000 50% 105,000 70% 120,000 40%
Traceable fixed expenses 126,000 28% 78,000 52% 48,000 16%

Office segment margin 99,000 22% $27,000 18% $72,000 24%
Common fixed expenses not traceable to offices 63,000 14 %
Net operating income $36,000 8%

Required:
(1) Compute the companywide break-even point in dollar sales.

Business
1 answer:
Snezhnost [94]3 years ago
6 0

Answer:

The Break Even Point is the Sales Value that will cover the cost of production. Meaning the Sales Value that will bring profitability to Zero

Break Even sales for Company wide =  $378,000

Break Even Value for Chicago is $111,429

And Break Even Value for Minneapolis is $120,000

The Addition of both Outlets/Offices Break Even Sales is less than the Company-wide because the Offices don't share in the Common Fixed Expense as these are specific to Group reporting.

Explanation:

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Two isolated nations, Alphaland and Betaton, are considering opening their borders to trade with each other. Both nations consum
Artist 52 [7]

Answer:

5 tons of salt for 1 ton of pepper

10 tons of salt for 1 ton of pepper

Explanation:

Alphaland's opportunity cost of producing one ton of pepper = 80 ÷ 5

                                                                            = 16 tons of salt

Betaton's opportunity cost of producing one ton of pepper = 3 ÷ 1

                                                                            = 3 tons of salt

Alphaland's opportunity cost of producing one ton of salt = 5 ÷ 80

                                                                            = 0.0625 tons of pepper

Betaton's opportunity cost of producing one ton of salt = 1 ÷ 3

                                                                            = 0.3333 tons of pepper

Therefore, Betaton has a comparative advantage in producing pepper because it has the lower opportunity cost of producing pepper as compared to Alphaland. On the other hand, Alphaland has a comparative advantage in producing salt because it has the lower opportunity cost of producing salt as compared to Betaton.

Hence, Betaton is specialized in the production of pepper and Alphaland is specialized in the production of salt.

Trade is beneficial for both the nations when Alphaland buys pepper at a price lower than the 16 tons of salt and Betaton sells pepper at a price greater than 3 tons of salt.

Trade ratios:

5 tons of salt for 1 ton of pepper

10 tons of salt for 1 ton of pepper

7 0
3 years ago
financial statements include assets listed ata.all of these choices are correct.b.their fair valuec.their historical costd.their
Novay_Z [31]

Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.

<h3>What do you mean by historical costs?</h3>

The price paid when an asset was purchased is known as the historical cost. On a company's balance sheet, the majority of long-term assets are recorded at their historical cost.

One of the fundamental accounting principles outlined by generally accepted accounting principles is historical cost (GAAP). The use of historical cost is consistent with conservative accounting because it avoids overstating an asset's value.

Hence, Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.

Learn more about historical costs:

brainly.com/question/27622433

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3 0
1 year ago
A(n) ________ makes values from a central database available for applications that support all of an organization's internal bus
Flauer [41]

A(n) enterprise resource planning system makes values from a central database available for applications that support all of an organization's internal business activities.

A form of software known as enterprise resource planning (ERP) is used by enterprises to manage routine business operations like accounting, purchasing, project management, risk management and compliance, and supply chain management.

Users can automate time-consuming everyday processes with the help of ERP packages like Epicor, Netsuite, and SYSPRO. You can spend more time on your people and your most urgent business demands by concentrating less of your time on repetitive tasks or running reports from many platforms.

Learn more about  enterprise resource planning (ERP) here

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8 0
1 year ago
Name three rules for creating an effective presentation to summarize a pi team's activities
anyanavicka [17]
In order to <span>create an effective presentation to summarize a PI team's activities PI team members should u</span><span>se large fonts in the presentation so that people can read the boards from a distance.
Also they should map the board in advance with labels for each section. 
 And third, the presentation should keep detailed information in a team record binder for reference.
</span>
6 0
3 years ago
You are planning to save for retirement over the next 25 years. To do this, you will invest $820 per month in a stock account an
alina1380 [7]

Answer:

The withdraw amount is "11,227.42".

Explanation:

The given values are:

In stock account,

PMT = $820

Interest rate = \frac{10.2 \ percent}{12}

N = 300

PV = 0

In Bond account,

PMT = $420

Interest rate = \frac{6.2 \ percent}{12}

N = 300

PV = 0

Now,

By using the FV (Future value) function, the value in Stock account will be:

= FV(rate,nper,pmt,[pv],[type])

= 1,125,795.30

By using the FV (Future value) function, the value in Stock account will be:

= FV(rate,nper,pmt,[pv],[type])

= 300,181.3321

After 25 years,

The value throughout the account, will be:

= 300,181.3321 + 1,125,795.30

= 1,425,976.63

By using the PMT function, we can find the with drawling amount. The amount will be:

= PMT(rate, nper, pv, [fv], [type])

= 11,227.42

4 0
2 years ago
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