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3 years ago

Why do police officers get paid less than professional baseball players?

1 answer:

7 0

This comes down to a little economic theory called supply and demand the idea is that if there is a lot of something in the supply is greater than the demand in the price will be low for police officers there are more than enough people is smart enough and fit in rk for that kind of money so the pay and benefits out for police officers tends to drop until the people you want pay rises until you reach a point where you can just barely keep in recruit the officers you need baseball players bass players are premium level athletes at this level there is always a shortage of the very best players so you have to pay enough to attract the best and keep them all MLAB players are by definition very best and they would be in the minors otherwise so they can command big money and even bigger salaries are available for the stars of the game!

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Hazelwood Company had beginning inventory of $54,000. During the period the company purchased $109,800 of merchandise. At the en

Ilia_Sergeevich [38]

Answer:

$207000 is the sales revenue for the year.

Explanation:

The given situation is:

Sales Revenue 100%

Cost Of Goods sold 60%

Profit Margin 40%

Now we neither have sales revenue figure nor the profit margin figures but we can calculate cost of goods sold from the following formula:

Cost Of Goods Sold = Opening Inventory + Purchases - Closing Inventory

By putting values we have:

Cost Of Goods Sold = $54,000 + $109,800 - $39,600

Cost Of Goods Sold = $124,200

Now cost of goods sold is 60% which means if we want to go at 100% we will divide with the percentage at which we are standing (60%) and multiply with the percentage which we want to calculate (Sales is 100%).

Sales revenue = Cost of goods sold * 100% / 60%

Sales revenue = $124200 * 100% / 60% = $207,000

3 0

3 years ago

Three corners markets paid an annual dividend of $1.37 a share last month. today, the company announced that future dividends wi

nikklg [1K]

Given
$1.37 = share month
2.8 % increase
11.6 % returned
Find how much pay to purchase one share of this stock

$1.37 x 0.028 = 0.03836
$1.37+0.03836 = 1.40836
$1.40836 x .116 = 0.16336976
$1.40836+0.16336976 = $1.57

The answer is $1.57 to purchase one share of this stock today.

6 0

3 years ago

Sara’s Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Sa

Len [333]

Answer:

1.$4.29 per cases

2. Extra Fine $14.29

Family Style $13.29

3a. Extra Fine $4.71

Family Style $0.29

3b. What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit which may may inturn make make the company to stop the production of the product in a situation where either the cost are not reduced or where the price.

Explanation:

1. Computation for the overhead cost that is assigned to each case of Extra Fine Salsa and each case of Family Style Salsa using Plantwide overhead rate

Using this formula

Overhead cost=Total overhead cost/Total volume

Let plug in the formula

First step is to calculate the Total overhead cost

Total overhead cost = $130,800 + $349,000 +$206,000

Total overhead cost =$685,800

Second step is to calculate the Total volume

Total volume= 35,000 + 125,000 cases

Total volume=160,000 cases

Now let calculate the Overhead cost

Overhead cost=$685,800/160,000 cases

Overhead cost=$4.29 per cases (rounded)

Therefore since we are making use of plantwide rate which means that same overhead cost of the amount of $4.29 per cases will be assigned to each of the two case .

2. Calculation to determine the total cost per case for the two products

Extra Fine Family Style

Direct materials + Direct Labor $ 10.00 $ 9.00

Add Overhead $4.29 $4.29

Manufacturing cost per case $ 14.29 $ 13.39

Therefore the the total cost per case for the two products will be:

Extra Fine $14.29

Family Style $13.29

3-A Calculation to determine the gross profit per case for each product.

Extra Fine Family Style

Selling price per case $ 19.00 $ 13.00

Less Manufacturing cost per case $14.29 $13.29

Gross profit (loss) per case $ 4.71. $ (0.29 )

Therefore the gross profit per case for each product will be ;

Extra Fine $4.71

Family Style $0.29

3-b. Based on the above Calculation What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit which may may inturn make make the company to stop the production of the product in a situation where either the cost are not reduced or where the price.

3 0

3 years ago

Allowance for Doubtful Accounts has a debit balance of $500 at the end of the year, before adjustment, and uncollectible account

tigry1 [53]

Answer: c. $18,000

Explanation:

Provision for doubtful accounts estimate;

= 600,000 * 3%

= $18,000

This is the Percentage of sales method and it ignores the existing balance in the Provision for doubtful accounts using only the estimate provided.

8 0

3 years ago

You are starting a family pizza parlor and need to buy a motorcycle for delivery orders. You have two models in mind. Model A co

harina [27]

The equivalent annual costs of each model are as follows:

Model A Model B

Equivalent annual costs $2,389.26 $3,008.47

Data and Calculations:

Model A Model B

Costs of motorcycle $8,200 $13,600

Expected years of usage 7 years 9 years

Annual maintenance costs $760 $740

Cost of capital = 9%

Annuity factor 5.03295 5.99524

PV of annual maintenance $3,825.04 $4,436.48

Total NPV of costs $12,025.04 $18,036.48

Equivalent annual costs $2,389.26 $3,008.47

($12,025.04/5.03295) ($18,036.48/5.99524)

Thus, the equivalent annual costs of each model are the dividend of the Total NPV costs divided by the Annuity Factor.

Learn more about the equivalent annual costs (EAC) here: brainly.com/question/25343720

8 0

2 years ago