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4 years ago

Both Phoebe and Connor are trying to maximize their lifetime income. Each has a different plan on how to do it best.

Business

2 answers:

Viktor [21]4 years ago

7 0

Answer:

Connor is correct

Explanation:

Connor is correct because he is likely to earn a higher salary and more benefits throughout his career and also save for a life after retirement.

By earning $25000 more in salary (that is $60000 - $35000) because he has a college degree and phoebe do not have a college degree, he could make up the money spent during the course of his college degree and save more money during his career

3241004551 [841]4 years ago

7 0

Answer:

C) Connor is correct because he is likely to earn a higher salary throughout his career. By earning by only $11,000 more in salary, he could make up the difference over the life of his career. He is also likely to have more employee benefits to save for his retirement.

Explanation:

Actually the average wage of someone that only completed high school is $29,815, if you get an associate or technical degree your salary increases to $35,394, and the largest leap is for college graduates that earn $52,019.

It is significant difference between going to college or not, almost twice the salary. Even though going to college is expensive, in only a few years you will recover your investment (yes, education is an investment not a expense).

A much higher salary also allows a person to get more employee benefits, which add up and increase the difference.

Also, most of the high paying jobs that didn't require a college degree are starting to require them, e.g. manufacturing jobs at car factories are currently requiring certain skills and knowledge about computers and programming. So the difference in salaries between both types of jobs is likely to increase in the future.

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anufacturing's cost accountant has provided you with the following information for January operations. Direct materials $ 31 per

ipn [44]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Direct materials $ 31 per unit

Fixed manufacturing overhead costs $ 225,000

Sales price $ 205 per unit

Variable manufacturing overhead $20 per unit

Direct labor $ 34 per unit

Fixed marketing and administrative costs $ 200,000

Units produced and sold 6,000

Variable marketing and administrative costs $ 8

A) Total variable cost per unit= direct material + direct labor + variable overhead + variable marketing and administrative

Total variable cost per unit= 31 + 34 + 20 + 8= $93

B) Variable manufacturing cost= direct material + direct labor + variable overhead= 31 + 34 + 20= $85

C) Total absorption cost per unit= direct material + direct labor + total overhead= 31 + 34 + (225,000/6,000 + 20)= $122.5

D) Total unitary cost= total cost/ Q

Total unitary cost= total variable cost + (fixed overhead + Fixed marketing and administrative costs) /Q= 93 + (225,000 + 200,000)/6,000= $163.83

E) Profit margin= selling price - total unitary cost= 205 - 163.83= $41.17

F) Gross margin= selling price - unitary cost(absorption)

Gross margin= 205 - 122.5= $82.5

G) Contribution margin per unit= selling price - unitary variable cost

CM per unit= 205 - 85= $120

8 0

4 years ago

Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

algol [13]

Answer:

Dr Visa card 194

Dr Bank charges 6

Cr Sales revenue 200

Explanation:

Crane Company Journal entry

Dr Visa card 194

Dr Bank charges (200*3%) 6

Cr Sales revenue 200

4 0

3 years ago

Bryant Co. has $2.7 million of debt, $1 million of preferred stock, and $2.1 million of common equity. What would be its weight

Lelu [443]

Answer:

0.172

Explanation:

The computation of the weight on the preferred stock is shown below:

Weight on preferred stock is

= Preferred stock ÷(Debt + preferred stock + common equity)

= $1 million ÷ ($2.7 million + $1 million + $2.1 million)

= $1 million ÷ $5.8 million

= 0.172

By applying the above formula we can easily determine the weight on preferred stock

6 0

3 years ago

Consider the example of a clothing manufacturer/seller who would like to differentiate its products from those of other firms. W

LekaFEV [45]

Answer:

Adding the manufacturer's logo to all items in the current season's collection

Explanation:

The reason is that creating brand recognition among the public helps in promoting the product and developing perception of good quality product. The products that are differentiated products are promoted by developing the brand name, charging high prices, etc. are the examples of adopting of differentiated strategy.

7 0

3 years ago

What is x-cel company's net income or net loss if it had revenue of $1,800, salary expense of $500, utility expense of $250, and

nignag [31]

Answer: Net income of $50

Explanation:

net income is the sum of a business's cost of goods sold, expenses, interest, taxes, depreciation, and amortization subtracted from total revenue
net loss occurs when the sum of total expenses is greater than the total revenue generated by the company or business

Can be calculated by adding expenses and subtracting them from total revenue:

$500+250+1000 =$ Total Expenses ($)

$1750 = Total expenses

$1800 > $1750

As a result of the revenue being greater than expenses the company will experience a net income

Subtract total expenses from total revenue:

$1800-1750$ = Net income

$50 = Net income

5 0

2 years ago