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3 years ago

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The two toy store owners agree to specialize and to trade 30 puzzles for 10 puppets. the terms of trade are still 3 puzzles for

each puppet. after they complete their trade, geppetto will have puzzles and puppets and lewis will have puzzles and puppets.

1 answer:

jonny [76]3 years ago

3 0

Answer:

jhgfj

Explanation:

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Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured <u>$45,756,000</u>

Cost of goods sold <u>$50,143,200</u>

Gross Profit $30,856,800

Selling and Administrative Expenses <u>$13,122,000</u>

Operating Income <u>$17,734,800</u>

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold <u>$40,500,000</u>

Manufacturing Margin $40,500,000

Selling and Administrative Expenses <u>$12,150,000</u>

Contribution Margin $28,350,000

<u>Fixed cost</u>

Manufacturing cost $8,856,000

Selling and Admin Expenses <u>$972,000</u>

Total Fixed cost <u>$9,828,000</u>

Operating Income <u>$18,522,000</u>

4 0

3 years ago

Asa works as an order-taker at Simply Salads, a fast-food restaurant. He does not cook food, or even package the final order, bu

Softa [21]

Answer:

Hierarchical organizational structure

Explanation:

Hierarchical organizational structure is the type of organization structure where the level of management are divided according to function and services they are performing.

though, the level of management is divided into top level management (the planning executives: boards of member, executives, shareholders), middle (determined how the plan and organization goal will be implemented: managers) and lower level (implement the plan: the supervisor, foreman or shift manager), then will have the workers.

this management system involves decision and authority being transfer from level to level.

in the case: Asa is in the worker level, while her shift manager is in the lower level and general manager is in the middle level.

6 0

3 years ago

Sam Peters is the sole proprietor of Charismatic Cats, a business specializing in the sale of high-end pet gifts and accessori

deff fn [24]

Answer:

Charismatic Cat's Income Statement for the recent year:

Sales $1,060,000

Less Cost of Sales: $662,200

Gross Profit = $397,800

Less Selling & Administration - $114,700

Net Income - $283,100

Explanation:

a) cost of goods sold includes opening inventory plus purchases, including freight-in, less closing inventory:

Beginning Inventory - $19,800

Purchases - $636,000

Freight-in - $19,500

Less Closing Inventory - $13,100

b) Selling and Administration expenses include the cost of website maintenance, cost of shipping and wrapping boxes, and marketing.

c) Cost of goods sold is deducted from the sales to arrive at the gross profit, which compares the sales income with the sales cost.

d) Net income is a sum of gross profit less all the marketing, selling, and administration expenses incurred in running the business. This figure represents the gain made from being in business.

Administration - Website maintenance - $53,000

Selling Expenses - $61,700 (marketing - $33,200 + Wrapping box & shipping- $28,500)

3 0

4 years ago

. The start of noncritical activities are delayed beyond their earliest start times (but not beyond their latest start times) in

ozzi

The correct answer is D) maintain a uniform level of required resources.

The start of noncritical activities is delayed beyond their earliest start times (but not beyond their latest start times) in order to maintain a uniform level of required resources.

That is why companies have to establish their priorities and identify the main activities that must be accomplished on time, the people responsible to accomplish the activity, and the resources needed to successfully do so. Noncritical activities can be delayed up to a point, but the critical activities have to be followed according to the schedule.

7 0

3 years ago

Beau Corporation sells a unit of its product for $250 per unit, while its variable costs per unit are $75. Fixed cost are bud

wolverine [178]

Answer:

Number of units that must be sold to earn the target profit is 3000 units.

The contribution margin ratio is 0.70

Explanation:

We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired

The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.

Contribution margin per unit = 250 - 75 = $175

Number of units required to earn target profit = (325000 + 200000) / 175

Number of units required to earn target profit = 3000 units

The contribution margin ratio is = 175 / 250 = 0.7 or 70%

Dollar Sales required to earn target profit = $4,812,500

8 0

3 years ago