If interest rates fall and the yield to maturity decreases by? 0.8%, what will happen to the price of the? bond

Mcmurtry Corporation sells a product for $250 per unit. The product's current sales are 13,600 units and its break-even sales ar

timofeeve [1]

Answer:

22%

Explanation:

Margin of Safety is the amount by which sales can fall before making a loss.

Margin of Safety = Expected Sales - Break-even Sales ÷ Expected Sales

= (13,600 - 10,608) ÷ 13,600

= 0.22 or 22%

8 0

3 years ago

Casual Essentials, Inc. manufactures two types of team shirts, the Homerun and the Goalpost, with unit contribution margins of $

emmasim [6.3K]

Answer:

1. What is the contribution margin per hour of machine time for each type of team shirts?

Homerun =  $ 50

Goalpost = $30

2. What is the optimal mix of team shirts?

Homerun = 50,890

Goalpost = 3,822

3. What is the total contribution margin earned for the optimal mix?

Total contribution margin earned for the optimal mix = $311,780

Explanation:

1. Contribution margin per hour of machine time for each type of team shirts

Homerun

Contribution margin per hour of machine = $5 / (6/60)

= $ 50

Goalpost

Contribution margin per hour of machine = $15 / (30/60)

= $30

2. Optimal mix of team shirts

Determine if machine time is a limiting factor

Demanded Hours

Homerun 0.1 × 50,890 = 5,089

Goalpost 0.5 × 50,890 = 25445

Total Hours Demanded = 30,534

Available Hours

Available hours =1,000 hour × 7 machines

=7,000 hours

Demanded Hours > Available hours

Therefore machine time is a limiting factor

Determine Mix

Rank the T-Shirts based on contribution margin per hour of machine time

Position 1. Homerun = 5,089

Position 2. Goalpost = 1,911 (takes the remaining hours)

Number of T-Shirts (mix)

Homerun = 5,089 / 0.1 = 50,890

Goalpost = 1,911 / 0.5 = 3,822

3. The total contribution margin earned for the optimal mix

Homerun = 50,890 × $5 =254,450

Goalpost = 3,822 × $15 = 57,330

Total = 311,780

3 0

3 years ago

What is the name of the law, administered by the governor through the Office of Consumer Affairs, that is designed to protect th

pochemuha

The Georgia fair business practices act

7 0

2 years ago

The auditing standards board has concluded that analytical procedures are so important that they are required during the?

Musya8 [376]

The Auditing Standards Board has concluded that analytical procedures are so important that they are required during planning and completion phases.

The American Institute of Certified Public Accountants has designated the Auditing Standards Board as its senior technical committee for the purpose of issuing standards, guidelines, and auditing, attestation, and quality control statements to certified public accountants for audits of non-public companies.

The Auditing Standards Board (ASB) provides certified public accountants with standards, guidelines, and auditing, attestation, and quality control statements (CPAs). It is the senior technical committee of the AIPCA and is in charge of creating generally recognized auditing standards (GAAS) for private enterprises.

Learn more about Auditing Standards Board (ASB) here

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3 0

2 years ago

Which of the following is TRUE regarding a dead weight loss.

nikdorinn [45]

Answer:

I'm pretty sure the answer is A

8 0

2 years ago