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ad-work [718]
3 years ago
7

The following monthly data are available for Crane Company. which produces only one product: Selling price per unit, $38; Unit v

ariable expenses, $14; Total fixed expenses, $42000; Actual sales for the month of June, 2000 units. How much is the margin of safety for the company for June?
Business
1 answer:
KiRa [710]3 years ago
5 0

Answer:

Margin of safety= 250 units

Explanation:

Giving the following information:

Selling price per unit, $38; Unit variable expenses, $14; Total fixed expenses, $42000; Actual sales for the month of June, 2000 units.

First, we need to calculate the break-even point in units.

Break-even point= fixed costs/ contribution margin

Break-even point= 42,000/(38-14)= 1,750 units

Margin of safety= current unit sales - break-even point= 2,000 - 1,750= 250 units

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<h3>Bubble Inc., a chewing gum advertisement represents the brand's Unique selling proposition. </h3>

Explanation:

The Unique Selling Proposition, or Unique Selling Point (USP), is a marketing term that refers to any attribute or feature of a product or service that separates it from the competition and emphasizes its specific customer benefits.

Businesses with a unique selling proposition stand for something particular, and it becomes Bubble Inc., known for. A clearly defined USP can be an important tool for helping Bubble Inc., marketing strategies and concentrate them on setting their brand and goods apart from their competition.

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3 years ago
Assume the probability of a pessimistic, most likely and optimistic state of nature is .25, .45 and .30, and the returns associa
Snowcat [4.5K]

Answer:

E) none of the above

12.70% and 2.49% standard deviation

Explanation:

We multiply probability by the outcome to get the weighted amount, we add them and get the expected return.

probability outcome weighted

0.25          0.10   0.0250

0.45          0.12   0.0540

0.30          0.16   0.0480

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Now that we got the expected return at 12.7%

We now subtract the possible outcome with the expected return and square them:

(0.127-0.1)^2

(0.127-0.12)^2

(0.127-0.16)^2

Then we add them and divide by the sample which is 3

0.000622  

²√ 0.000622   = 0.024944383

<u><em>Final step,</em></u> will be the square root which gives the standard deviation

of 2.49% = 0.024947  

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3 years ago
Which of the following statements about taxes is FALSE?
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A utilitarian organization is one where:

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  • Employees are usually contracted to a company to provide a certain service

Angela is receiving a compensation of $60,000 annually and is a lawyer which means that they are probably contracted to the law firm.

We can therefore conclude that Angela is working for a utilitarian organization based on the fact that there is compensation and contract.

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