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3 years ago

A________ is a plan in which an individual balances available resources and expenses.

Business

2 answers:

Morgarella [4.7K]3 years ago

7 0

The answer is budget

Elan Coil [88]3 years ago

4 0

Answer:

Budget

Explanation:

You're sorting out your investments and spending habits. Often sorting out all of your needs to fit in a well balanced budget

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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 315,000 Beginning m

prohojiy [21]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Q=1000

Sales= $ 315,000

Beginning merchandise inventory= $21,000

Purchases= $210,000

Ending merchandise inventory= $10,500

Fixed selling expense= $ ?

Fixed administrative expense= $12,600

Variable selling expense= $15,750

Variable administrative expense= $ ?

Contribution margin= $63,000

Net operating income= $18,900

First, we have to calculate the variable administrative expense:

Contribution margin= sales - cost of goods sold - variable selling expense - variable administrative expense

63000= 315000 - (beginning inventory + purchase - ending inventory) - 15750 - variable administrative expense

variable administrative expense= 315000 - (21000+210000-10500)-15750-63000

variable administrative expense= $15750

Now, we can calculate the fixed selling expense:

Net operating income= contribution margin - fixed selling expense - fixed administrative expense

18900= 63000 - fixed selling expense - 12600

fixed selling expense= 63000-12600-18900

fixed selling expense= 31500

A)Sales= 315,000

Variable costs:

Cost of good sold= 220,500

Variable selling expense= 15,750

Variable administrative expense= 15,750

Total variable cost= 252,000

Contribution margin=$63000

Fixed costs:

Fixed selling expense= 31,500

Fixed administrative expense= 12,600

Total fixed cost= $44,100

Net profit= $18,900

B) Revenue= 315,000

COGS= 220,500 (-)

Gross porfit= 94500

Selling expense= (15750+31500)= 47,250

Administrative expense= (15750+12600)= 28,350

EBITDA= 18,900

C) Selling price per unit= 315,000/1000= $315

D) Variable cost per unit= total variable cost/q= 252000/1000= $252

E) Contribution margin per unit= 63000/1000= $63

F) The contribution format income statement, because you can easily analyze the effect of each unit in the cost structure and net income.

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4 years ago

The US becomes a party to an international agreement under domestic law by all of the following except

pochemuha

Answer:

lv;ds

Explanation:

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3 years ago

The value of generating positive first impressions in your initial interactions with a new employer is best underscored by the r

jarptica [38.1K]

The importance of making positive first impressions in your first few interactions with a new boss is best portrayed by the research on the belief perseverance phenomenon, where it was found that when they have formed an opinion or belief about something or someone, people tend to cling to their even in the face of credible contrary evidence.

5 0

3 years ago

Montana Mining Co. (MMC) paid $200 million for the right to explore and extract rare metals from land owned by the state of Mont

OverLord2011 [107]

Answer:

a. $14.7 million

b. $15.7 million

Explanation:

a. The asset retirement obligation (rounded) that should be recognized at the beginning of the extraction activities is:

Present Value of Cash Flows Expected From the Project / Asset Retirement Obligation at the Beginning = (0.60*10 + .40*30) * PVIF(7%,3 Years)

=(0.60*10,000,000 + 0.40 * 30,000,000) * 0.81630

= (6,000,000 + 12,000,000) * 0.81630

= 18,000,000 * 0.81630

= $14.7 million

b. The asset retirement obligation (rounded) that should be reported on the balance sheet one year after activities begin is:

Asset Retirement Obligation One Year After = Present Value of Cash Flows Expected From the Project*(1+.07)

= 14,700,000 * (1+0.07)

= 14,700,000 * (1.07)

= $15.7 million

5 0

3 years ago

Dave has $100,000 to invest in 10 mutual fund alternatives with the following restrictions. For diversification, no more than $2

Over [174]

Answer:

Check the explanation

Explanation:

Let the binary variables be: x1,x2,x3.....x10. If x1=0, no amount is invested in fund 1 and if it is 1 it means that an amount is invested. Let y1,y2.....y 10 be the variables for the amount invested.

Kindly check the first attached image for the table.

The objective is to maximize the return. Hence our objective function is: 6.7%*y1+7.65%*y2+7.55%*y3+7.45%*y4+7.5%*y5+6.45%*y6+7.05%*y7+6.9%*y8+5.2%*y9+5.9%*y10. This has to be maximized.

Constraints:

(i) y1,y2.....y10<=25,000 (no more than $25,000 can be invested in any one fund)

(ii) If x1=1, y1>=10,000, 0. This what if formula will be applicable for all the variables. (If a fund is chosen for investment, then at least $10,000 will be invested in it).

(iii) x1+x2+x3+x4<=2 (No more than two of the funds can be pure growth funds)

(iv) y9+y10>=y1+y2+y3+y4 (at least as much as the amount invested in pure amount invested in pure bond funds must be at least as much as the amount invested in pure growth funds)

(v) all x's are binary and all y's>=0. (vi) y1+y2+y3+y4....y10 = 100,000 (amount to be invested)

Solving in excel using the solver function the following solution is obtained:

Kindly check the second attached image for the table.

Thus the maximum return = $7056.25

Amount invested in different funds are:

Kindly check the Third attached image for the table.

4 0

4 years ago