Answer:
1) Colt Carriage Company
Income Statement
For the month ended April 202x
Revenues:
- Adults passengers $186,300
- Children $81,000
- Total revenues $267,300
Variable costs:
- City fees $26,730
- Souvenirs $7,425
- Brokerage fees $11,340
- Carriage drivers $52,650
- Total variable costs <u>$98,145</u>
Contribution margin $169,155
Period costs:
- Depreciation $2,900
- Horse leases $48,000
- Marketing expenses $7,350
- Payroll expenses $7,600
- Total period costs <u>$65,850</u>
Operating profit $103,305
2) If the total amount of passengers increase by 10%, then all variable costs will increase by 10% except brokerage fees which would increase only by 6%. Revenues should also increase by 10%. Period costs should not change.
Contribution margin should increase by 10.29% and operating profit would increase by 16.81%.
Explanation:
since the information is not complete, I looked it up:
Revenues
13,500 passengers:
8,100 x $23 = $186,300
5,400 x $15 = $81,000
total $267,300
variable costs:
fees paid to the city 10% of total revenue
souvenirs $0.55 per passenger
brokerage fees 60% of total tickets x $1.40
carriage drivers $3.90 per passenger
fixed costs:
depreciation $2,900
horse leases $48,000
marketing expenses $7,350
payroll expenses $7,600
Answer:
A. Gained value compared to the Italian lira because inflation was higher in Italy.
Explanation:
When using <u>Ranking</u>, finalists are ordered from the most desirable to the least desirable based on results of discretionary assessments.
Operations control is chiefly worried about planning, organizing, and supervising inside the contexts of manufacturing, manufacturing, or the availability of services. As such, it's far delivery-focused, ensuring that a company correctly turns inputs to outputs in a green manner.
It actually approaches the cease-to-stop technique of shifting and storing elements of completed and unfinished goods. as an example, a vehicle production business enterprise will save and transfer automobiles (or their components) in a scientific manner.
The number one goal of operations control is to utilize the sources of the enterprise, to create such services or products that fulfill the needs of the clients, with the aid of offering “proper component at the right rate, vicinity and time”.
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Answer:
c. "This farm's well is adequate for household, ranch, and crop needs."
Explanation:
In common law jurisdictions, a misrepresentation is an untrue or misleading statement of fact made during negotiations by one party to another, which induces the other party to enter into the contract.
Only option C above reflects a statement that can be made during negotiation and would most likely induce the acquiring or renting party to enter the contract because it is a benefit on which the price of the property can be determined and buyers respond to perceived benefits.
Answer:
Reserve requirements – Reserve requirement increases to decrease the money supply or vice versa.
Open-market activities – the Fed sell the securities to reduce money supply or purchase it to increase the money supply.
Discount rates – Decrease the discount rate to increase the money supply or vice versa.
Explanation:
The Federal Reserve increases or decreases the money supply by using various tools. So in the case of the reserve requirement, the bank increases the percentage of reserve requirement if the Fed wants to decrease the money supply and to increase the money supply it reduces the reserve requirements. In the case of open market operations, the Fed sells securities and bonds in the market in order to reduce the supply of money or to decrease the supply of money it buys the securities from the market.
In the case of a discount rate, the Fed reduces the discount rate to increase the money supply because reducing the discount rate will induce the banks to give more loans. But to decrease the money supply, the Fed increases the discount rate because an increase in the discount rate reduces the ability of banks to give loans.
