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3 years ago

Analyzing Operational Changes

Business

1 answer:

murzikaleks [220]3 years ago

8 0

Answer:

Sales $869,000

Cost of goods sold 480,000

Gross profit 389,000

Direct expenses 268,000

Common expenses 123,000

Total expenses 391,000

Net loss $(2,000)

Net loss reduces to $2,000 from $28,000.

There is a benefit of $26,000 gained through increased sales.

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Identify whether each statement in the following table best illustrates the concept of consumers’ surplus, producers’ surplus, o

Blizzard [7]

Answer:

1. Neither ; 2. Consumer Surplus ; 3. Producer Surplus

Explanation:

Consumer Surplus is the difference between a good's price paid by consumer, & maximum price the consumer is willing to pay for the good.

Producer Surplus is the difference between a good's price received by a seller, & minimum price at which the seller is willing to sell the good.

1. Willing to pay $209 for watch, buyer willing to sell at $196, no trade as price ceiling at $190 : It illustrates neither concept as transaction has not actually occurred, so no price established.

2. Willing to pay $39 for sweater, purchased it for $32 : It illustrates 'Consumer Surplus' case = $7 , as it shows difference between maximum willingness to pay by buyer ($39) & the actual buy price ($32)

3. Willing to sell laptop at $190, sold it at $199 : It illustrates 'Producer Surplus' case = $9 , as it shows difference between minimum willingness to sell price ($190) & actual sale price ($199)

5 0

3 years ago

Colgate-Palmolive Company reports the following balances in its retained earnings.

Dafna11 [192]

Answer:

a. $1,028 million

b. 46.7%

Explanation:

a. Dividends are taken from the retained earnings and net income is added to the retained earnings. The formula for ending retained earnings is;

Ending retained earnings = Opening Retained earnings + Net Income - Dividends

14,329 = 13,157 + 2,200 - Dividends

Dividends = 13,157 + 2,200 - 14,329

Dividends = $1,028 million

b. Dividends as a percentage of income

= 1,028/2,200

= 0.467

= 46.7%

3 0

3 years ago

Explain how a person who pursued a career in accounting could succeed as an entrepreneur.

rosijanka [135]

Answer:

own their own accounting business

4 0

3 years ago

The artisans at Jewelry Junction in Phoenix are preparing to make gold jewelry during a 2-month period for the Christmas season.

SVEN [57.7K]

Answer:

The max revenue is "$32,300". The further explanation is described below.

Explanation:

(a)

The composition as well as response of models within 6 rows seems to be as described in the following:

Maximum 1650B + 850N + 790P (B bracelets, N necklaces and P pins produce overall revenue)

Yes of course,

The total gold ounces will be:

⇒ $6.3B+3.9N+3.1P < = 125$

The total labor hours will be:

⇒ $17B+10N+7P < = 320$

Integers B, N, P will become

The response for LINDO is:

B=10.0.

N=0

P=20

Final Value of Maximization will be:

= 32,300

(b)

10 bracelets, hardly any necklaces as well as 20 pins should always be made by the shop.
These goods utilizing 125 ounces of gold simultaneously,
It would use 310 hours of labor although 10 hours would then stay unused.

The maximum salary will become:

= $32,300.

8 0

3 years ago

Shelley compared the number of oak trees to the number of maple trees as part of a study about hardwood trees and a woodlot she

Masja [62]

There were 72 (108 - 36) more maple trees in the woodlot before the bug problem. There were 108 maple trees in the woodlot before the bug problem. There are 36 maple trees in the woodlot after the bug problem.

The following information is given in the question:

Ratio of maple trees to oak trees before bug problem = 9:5

Ratio of maple trees to oak trees after replanting = 3:11

Total number of oak trees after replanting =132

Total number of trees in the woodlot is the same before and after the bug problem.

Let the number of maple trees after replanting be 'x'

From the data above, we can find the number of maple trees after replanting as follows:

$\frac{3}{11} = \frac{x}{132}$