Answer:
$180,000
Explanation:
Given that
Current E & P = $240,000
Distribution to Larry = $450,000
The computation of current E & P is allocated to Larry's distribution is shown below:-
Current E & P is allocated to Larry's distribution = (Current E & P × Distribution to Larry) ÷ Total distribution
= ($240,000 × $450,000) ÷ $600,000
= $108,000,000 ÷ $600,000
= $180,000
We are given
fixed cost, F = $6,660,000
sales mix:
65% sporting goods
35% sports gear
margin ratio:
30% sporting goods
50% sports gear
Now, we solve for the break even point in dollars. We use the formula
x = total fixed cost / [ price - total variable cost/price ]
Using the given values
x = 6660000 / [0.65(0.3)(6660000) + .35(0.5)(660000)]/ [(0.3)(6660000) + (0.5)(660000)]
x = $14,400,000
The breakeven point is $14,400,000
This is the sales when the revenue is just equal to the total cost of producing the products resulting to zero profit.
Answer:
a. Who should be assigned to chop vegetables?
b. Who should be assigned to wash dishes?
Explanation:
we need to determine the opportunity cost of each employee:
Rahul's opportunity cost of chopping one pound of vegetables = 100 / 20 = washing 5 dishes per hour.
Rahul's opportunity cost of washing 1 dish per hour = 20 / 100 = 0.2 pounds of chopped vegetables.
Henriette's opportunity cost of chopping one pound of vegetables = 120 / 30 = washing 4 dishes per hour.
Henriette's opportunity cost of washing 1 dish per hour = 30 / 120 = 0.25 pounds of chopped vegetables.
Rahul should wash dishes while Henriette should chop vegetables because their opportunity cost of performing these activities is lower.
Answer:
Explanation:
From the question, we have the followed parameters;
The Face value=1,000 United States of America Dollar($); yield to maturity= fifteen(15) years; The bond = 7.125 percent (annual) coupon rate; payment for last year = $974.24.
First thing to do is to calculate the market value after one percent extra= 1%+7.125%= 8.125%
Next, we need to calculate the present value of 14 year coupon of 71.25 USD = 573.00+ 1,000/1+ 0.8125^14
=>573.00+322.15
= 895.15
Therefore, the price of the bond today is $ 895.15.
Answer:
Job Cost Card/ Record
Explanation:
A Job cost record accounts for all costs related to the job or order. It is unique to specific order. Therefore, this is a useful tool to deal with situations where firms produce in accordance with customer specifications.
