Answer:
<u>1. Johann is looking to double the profits of his lemonade stand</u>
Explanation:
Note that Johann was<em> still making m</em>oney from lemonade stand but was not content with the profits he was making that was his argument or reason for increasing the price of a cup of lemonade from 25 cents to 50 cents.
<em>Without having forsight</em> Johann's decision eventually resulted in him selling fewer cups at the new price and therefore making less money than before.
Answer:
c. a difference in the subject matters of operas X and Y
Explanation:
All factors could directly explain the fact that opera Y generated far greater net profits that did opera X except for this one. Although the subject matter might have some impact on sales, it could not do so in a direct way. It could only do so if we take other factors into account, such as the cost of producing a particular opera or the interest that people have on an opera (which results in greater or lesser ticket sales).
Answer:
profit margin
Explanation:
There are two main earnings to sale ratios:
- Profit margin that is calculated by dividing net profit by total sales. Generally a 5% ratio is considered low, a 10% ratio is considered average, and a 20% ratio is considered high.
- EBITDA to sales ratio is calculated by dividing earnings before interest, tax, depreciation and amortization (EBITDA) by total sales. It shows the ratio of earnings after operating expenses and it excludes the capital structure of the company. The use of this ratio is more limited than profit margin, but it can show us important information by excluding non-controllable factors like taxes, interests, etc.
Answer:
Actual pounds used =4,350
Explanation:
<em>T</em><em>he material quantity variance</em><em> is the difference between the actual quantity of material used and the standard quantity and the difference multiplied by the standard price per quantity. </em>
<em> Pound</em>
Standard quantity 4500
Actual quantity ___y___
Quantity variance ( <u>4,500 - y favourable</u>
Variance in ($) = (4500 -y ) × $2.50
375 = 11,250 - 2.50y
2.50y = 11,250 - 375
= (11,250-375)/2.50
= 4,350
Actual pounds used =4,350
