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3 years ago

Benefits of setting objectives for a company

Business

1 answer:

In-s [12.5K]3 years ago

8 0

Answer:

Help them evaluate the business' growth

Explanation:

When they set objectives, they can look at it later on and check if they had reached their goal. So they can see how far they've reached as a business.

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Sally's Gift Baskets sells gift baskets, on average, for $125; each gift basket costs, on average, $60. Debby pays salaries each

eimsori [14]

Answer:

a. Traditional Income Statement

Sales ($125 x 140) $17,500

Cost of Sales ($60 x 140) ($8,400)

Gross Profit $9,100

Salaries ($1,300)

Rent ($1,000)

Sales Commission ($17,500 x 5%) ($875)

Net income $5,925

b. Contribution Margin Income Statement

Sales ($125 x 140) $17,500

Less: variable Costs

Cost of Sales ($60 x 140) ($8,400)

Sales Commission ($17,500 x 5%) ($875)

Contribution Margin $8,225

Less: Fixed Costs

Salaries ($1,300)

Rent ($1,000)

Net income $5,925

Explanation:

Traditional Income statement calculates the gross profit after deducting the cost of goods sold from the revenue. After that it deduct all the operating expenses to calculate the Net Income.

Contribution margin income statement consider all the variable expenses as cost of product cost and calculates the contribution margin, after that the fixed costs are deducted calculate the net income.

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3 years ago

Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:

nignag [31]

Aug. 1 Inventory On Hand—2,000 Units; Cost $5.70 Each.

Second sales assumed to be 7,000 units at a price of $11.40 each.

Answer:

Altira Corporation

August 2021 Ending Inventory & Cost of Goods Sold:

1. Ending Inventory = 9,000 units at $5.88 per unit = $52,920

2. Cost of goods sold =

9,600 x $5.87 = $56,352

7,000 x $5.95 = $41,650

16,600 units = $98,002

Explanation:

a) Calculations:

Units Unit Cost Total Cost

Beginning Inventory 2,000 $5.70 $11,400

Purchases 12,000 $5.90 $70,800

Weighted average cost = ($11,400 + $70,800) / 14,000 = $5.87

Sales (9,600) $12.00 $115,200

Units remaining 4,400 $5.87 $25,828

Purchases 7,200 $6.00 $43,200

Weighted average cost = ($25,828 + $43,200) / 11,600 = $5.95

Sales (7,000) $11.40 $79,800

Units remaining 4,600 $5.95 $27,370

Purchases 4,400 $5.80 $25,520

Weighted average cost = ($27,370 + $25,520) / 9,000 = $5.88

Ending Inventory 9,000 $5.88 $52,920

b) The 'Average Cost Method' or the Weighted Average Cost Method assumes that the cost of inventory is based on the average cost of the goods available for sale during the period. To compute the average cost, divide the total cost of goods available for sale by the total units available for sale.

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3 years ago

Marie eats at the downtowner diner and frequently reads the entire menu, but she always orders the chicken quesadilla. when she

alekssr [168]

The appropriate response is Latent Learning. It alludes to learning that exclusive turns out to be clear when a man has a motivating force to show it. Dormant learning is imperative in light of the fact that as a rule the data we have learned isn't generally conspicuous until the minute that we have to show it.
The said learning was instituted by therapist Edward Tolman amid his exploration with rats, in spite of the fact that the primary perceptions of this marvel were made before by specialist Hugh Blodgett.

8 0

3 years ago

Barter is the exchange of goods and services for goods and services without the use of money. any exchange, with or without the

murzikaleks [220]

Answer:

c. the exchange of goods and services for goods and services without the use of money

Explanation:

Barter the exchange of goods and services for goods and services without the use of a medium of exchange such as money.

In a barter, money doesn't change hands.

An example of a barter- I want a pair of shoes worth $30. I see someone that has the shoes but wants textbooks worth $30. I have these textbooks. I give him the textbooks and he gives me the shoes.

I hope my answer helps you

8 0

3 years ago

Read 2 more answers

The stock price of Webber Co. is $68. Investors require an 11 percent rate of return on similar stocks.

zheka24 [161]

To get the growth rate, we will follow the Gordon Growth modelP= D/(K-G)whereP= stock value=$68D= Expected dividend=$3.85G= Growth rateK= required rate of returnG =K-(D/P)Substitute the given valuesG= 0.11-(3.85/68)
G= 5.34%The growth rate for stock required is 5.34%

7 0

3 years ago