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3 years ago

Windathon, Inc. expects sales volume totaling $500,000 for June. Data for the month follows:

Business

1 answer:

ivann1987 [24]3 years ago

8 0

Answer:

Here the variable cost can be computed using the following formula:

Variable cost = (Sales commissions + Shipping expense + Miscellaneous selling expenses) ×Sales

Variable cost = (4% + 1% + 3/4%) x $500,000 = $28,750

Fixed cost = Sales manager's salary + Advertising expense + Miscellaneous selling expenses

= $30,000 + $25,000 + $2,100

= $57,100

<em>Total selling expense budget = Variable cost + Fixed cost</em>

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Shonda wants to open a deli. She is worried that it won't be successful unless

lana [24]

If he pays for the rights to use the name and logo of an existing deli company. The type of business is Shonda forming is: A. A franchise.

<h3>What is franchise?</h3>

Franchise can be defined as the way a person or a company is given the license or right to use a another company trade name or logo.

Based on the given scenario Shonda forming a franchise type of business because he was given the rights to use the name and logo of an existing deli company.

Therefore the type of business is Shonda forming is: A. A franchise.

Learn more about franchise here: brainly.com/question/3687222

#SPJ1

3 0

2 years ago

Anderson Company acquires Thompson Company by paying $30 million in cash. The fair value of the identifiable assets acquired is

bonufazy [111]

Answer:

The fair value of the assets of the identifiable assets of Thompson company are $38 million and the fair value of identifiable liabilities is $6 million. So if we were to find the value of Thompson company just on the basis of identifiable assets and identifiable liabilities we would subtract the identifiable liabilities from the identifiable assets.

38-6= $32 million.

This means that on the basis of Identifiable assets and identifiable liabilities the value of Thompson company is $32 million but they Anderson Company $ 30 million for the company which means that the company has a negative goodwill. The negative good will is the price paid - the fair value.

30 million - 32 million = -2 million

This means that Anderson Company will record -2 million as negative goodwill and this implies a bargain purchase which means Anderson company will record this 2 million as a gain on their income statement.

Explanation:

5 0

3 years ago

The nth term of the GP is (-1)^n(2)^n.

Bingel [31]

Answer:

-2, 4 and -8

Explanation:

Given the nth term of a GP expressed as;

$a_n = (-1)^n(2)^n$

When n = 1

$a_1 = (-1)^1(2)^1\\a_1 = -1 * 2\\a_1 = -2\\$

when n = 2

$a_2 = (-1)^2(2)^2\\a_2 = 1 * 4\\a_2 = 4\\$

when n = 3

$a_3 = (-1)^3(2)^3\\a_3 = -1 * 8\\a_3 = -8\\$

Hence the first three terms of the sequence are -2, 4 and -8

5 0

3 years ago

Barnes Company reports the following operating results for the month of August: sales $305,000 (units 5,000); variable costs $21

Ostrovityanka [42]

Answer:

1. $30,500;

2. $30,000;

3. $22,000;

=> Option 1 produce the highest net income.

Explanation:

We have sell price per unit = 305K /5K = $61

1. Increase selling price by 10% with no change in total variable costs or sales volume:

Sell price = 61 x 1.1 = $67.1

Sales revenue = 67.1 x 5,000 = $335,500

Increase in sales revenue = 335.5K - 305K = $30,500

As costs remains the same, Net income will increase as much as the increase as sales revenue which is $30,500.

2. Reduce variable costs to 60% of sales:

New variable cost = $305,000 x 60% = $183,000

Saving in variable cost = 213K - 183K = $30,000

As fixed cost and sales revenue remain the same, net income will increase as much as the saving in variable cost which is $30,000

3. Reduce fixed costs by $22,000:

As variable cost and sales revenue remain the same, net income will increase as much as the saving in fixed cost which is $22,000

6 0

3 years ago

One reason why the average salary of Major League Baseball players is higher than the average salary of college professors is th

alexdok [17]

Answer:

the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.

Explanation:

Baseball players are responsible for a baseball teams' revenues, and they add up billions of dollars per year. For example, Max Scherzer sells jerseys, caps and other merchandise for millions of dollars, and his team winning the World Series this year increases the team's revenue greatly. Sometimes even without winning a championship some players still generate lots of revenue.

An individual's salary should be proportional to the revenue that they generate. Colleges have huge amounts of revenue, and college professors are responsible for a large portion of it.

The problem hear is that there are a lot of college professors and assistants, and the revenue must be split between many people. For example, Harvard University's revenue is about $5.5 billion per year, but it has over 16,000 employees (including about 2,400 professors).

7 0

3 years ago