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3 years ago

How is the market price for a product determined?

1 answer:

8 0

The market price of an asset is determined by the forces of supply and demand; the price at which quantity supplied equals quantity demanded is the markets price.

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I need to know, which type of LLC/Corp I need to form, to trade stocks..

Eduardwww [97]

In order to publicly trade stocks, you must form a Public Corporation.
All of the assets in the LLC is structured to belong only to a certain number of selective owners.
An LLC does not possess the right to publish stock in the stock market, but they're not required to be checked by public auditor either.

6 0

3 years ago

Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total va

vlada-n [284]

Answer:

40%

Explanation:

The markup percentage to the variable cost using the variable cost method can be obtained by dividing the addition of the target profit and total fixed cost by the total variable cost as follows:

Total fixed cost = Fixed overhead costs + Fixed selling and administrative costs = $120,000 + $50,00 = $170,000

The markup percentage to the variable cost = (Target profit + Total fixed cost) / Total variable cost = ($100,000 + $170,000) / $675,000 = $270,000 / $675,000 = 0.40, or 40%.

Therefore, the markup percentage to the variable cost using the variable cost method is 40%.

3 0

3 years ago

In an attempt to increase sales during a lagging economy, Macy's has increased its advertising and sales promotions for its curr

Mashutka [201]

Answer:

I don't know this assignment but ask your teacher or get tutor.

4 0

3 years ago

A cash-flow budget uses the same format as a cash-flow statement. It is prepared on a monthly basis and it reflects budgeted inc

RideAnS [48]

Answer:

Surplus/Deficit

2016 27920

January 4980.20

February 2265.55

March 2090.55

April 2005.55

May 2473.89

June-9061.11

Explanation:

Annual Budget

Scott and Mary Cash-Flow Statement

2017

2016 Jan. Feb. Mar. Apr. May June

Income

Deon'

Scott s salary 59,000 5162.5 5162.5 5162.5 5162.5 5162.5 5162.5

(59000/12*1.05)

Marys salary 53,1004557.75 4557.75 4557.75 4557.75 4557.75 4557.75

(53100/12*1.03)

Scott bonus 2016 5000 Jan 5900

Interest & Dividends 150 12.5 12.5 12.5 12.5 12.5 12.5

(150/12)

Total Income 117250 15632.75 9732.75 9732.75 9732.75 9732.75 9732.75

Expenditures

Fixed expenses

Mortgage 14976 1248 1248 1248 1248 1248 1248

(14976/12)

Sott's Federal Income Tax 12800 2212.5 1032.5 1032.5 1032.5 1032.5 1032.5 [(salary+Bonus)*20%]

Scott's State Income Tax 3840 663.75 309.75 309.75 309.75 309.75 309.75 [(salary+Bonus)*6%]

Scott's Social Security Taxes4896 846.28 394.93 394.93 394.93 394.93 394.93

[(salary+Bonus)*7.65%]

Mary's Federal Income Tax 10620 911.55 911.55 911.55 911.55 911.55 911.55 (Salary*20%)

Mary's State Income Tax 3186 273.47 273.47 273.47 273.47 273.47 273.47 (Salary 6%)

Mary's Social Security Taxes 4062 348.67 348.67 348.67 348.67 348.67 348.67 (Salary*7.65%)

Property Taxes

2016 4100 June 4100

Property Insurance

2016 1200 June 1200

Medical Insurance 2400 240 240 240 300 240 300

Automobile Insurance and Registration

2016 700 May 175 June 175 (700/4)

Savings for auto purchase June500 500 500 500 500 500

Total Fixed expenses 62780 7244.21 5258.86 5433.86 5318.86 5258.86 10793.86

Variable expenses

Food 1620 135 135 135 135 135 135 (1620/12)

Entertainment 3000 250 250 250 250 250 250 (3000/12)

Dining out 4700 391.67 391.67 391.67 391.67 391.67 391.67 (4700/12)

Electric 350 29.17 29.17 29.17 29.17 29.17 29.17

(350/12)

Water and sewer 2016 800 Jan 200.00 April 200.00 (800/4)

Heat 1250 208.33 208.33 208.33 208.33 - - (1250/6)

Cable TV 3000 250.00 250.00 250.00 250.00 250.00 250.00 (3000/12)

Telephone 600 50.00 50.00 50.00 50.00 50.00 50.00

(600/12)

Cell phone 900 75.00 75.00 75.00 75.00 75.00 75.00

(900/12)

Gifts 2016 2000 Jan 1000.00 (2000/2)

Personal care 600 50.00 50.00 50.00 50.00 50.00 50.00 (600/12)

Medical expenses 3700 308.33 308.33 308.33 308.33 308.33 308.33 (3700/12)

Vehicle gas and maintenance 2530 210.83 210.83 210.83 210.83 210.83 210.83 (2530/12)

Charitable contributions 1500 250 250 250 250 250 250

(3000/12)

Vacation June 6000

Total Variable expenses 26550 3408.333 2208.33 2208.33 2408.33 2000 8000

4.Total expenses

(Addition of solution 2+ solution 3)

89330 10652.55 7467.2 7642.2 7727.2 7258.86 18793.86

5.SURPLUS/(DEFICIT)

(Solution1 Total Income-Solution 4 Total Expenses)

27920 4980.20 2265.55 2090.55 2005.55 2473.89 -9061.11

6 0

3 years ago

Rebotar Inc. makes basketballs. Their fixed costs are $3,450. Variable costs are $12 per basketball. If the basketball is priced

JulsSmile [24]

Answer:

yes

Explanation:

The contribution margin concept uses the formula below to calculate the break-even point.

break-even = fixed cost/ contribution margin per unit

fixed costs = $3,450.

contribution margin per unit = sales price - variable costs

= $25- $12

=$13

Break-even = $3,450 /$13

=265.38

=265 units

The break-even point is 265 units. Rebotar Inc. sold 300 basketballs; they meet the break-even point. 300 basketballs are more than 265.

8 0

3 years ago