Answer: Continue flying until the lease expires and then drop the run.
Explanation: From the info given, it can be seen that Cold Duck Airlines is not generating a profit from this airline. Cold Duck's total costs per flight is $1150 (550 + 600). However Cold Duck only makes $1000 in revenue per flight. This means that this flight is performing at a loss. In order for Cold Duck to maximise their profit they need to consider removing this flight altogether, especially because it was indicated that all prices and costs are expected to continue at the present level. However to avoid any penalties from the lease if they were to cancel it, they should rather continue flying this flight up until the lease expires, then cancel the lease and remove this flight altogether.
Gross Profit is calculated by deducting the cost of goods sold, sales return and sales discount from the sales. The operating expenses is not considered for gross profit. The same is deducted from the gross profit for finding the net profit.
Gross Profit = Sales - Cost of goods sold - Sales Return - Sales Discount
Gross Profit = $150,000 - $67,000 - $13,000 - $6,000
Gross Profit = $150,000 - $86,000
Gross Profit = $ 64,000
Thus, gross profit is $64,000
Answer:
Walter Shewart
Explanation:
Most modern control measures that give priority to quality control and statistical sampling in quality control can be traced to Walter Shewart .
Walter Shewart , nicknamed the grandfather of Total Quality Management developed a statistical process control approach to quality management to aid managers in making an efficient ,effective and economical decision.
In respect to statistical sampling and analysis , he developed the Shewart learning and improvement cycle combining creative management thinking and with statistical analysis.
Answer:
11.87%
(12% to the nearest whole percentage)
Explanation:
From the perspective of time value of money,we understand that the value of stock after 3 years is the future value while the initial amount at which it was bought is the present value, on that premise,we can determine the annual rate of return using the formula below which shows the relates future and present values together:
FV=PV*(1+r)^n
FV=future value=$70
PV=present value=$50
r=annual rate of return which is unknown
n=investment timing horizon=3
70=50*(1+r)^3
70/50=(1+r)^3
divide indices on both sides by 3
(70/50)^(1/3)=1+r
r=(70/50)^(1/3)-1
r=11.87%
Hi there
Worth of merchandise after purchase returns
4,000−275=3,725
Worth of merchandise after cash discount
3,725+3,725×0.02=3,799.5
Add the transportation cost to the cost of merchandise to get total amount paid for this merchandise
3,799.5+350=4,149.5
Good luck!