Zoom call anyone im bored

Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser

stealth61 [152]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Toot! TiX Total

Users 17,900 24,100 42,000

Administrative costs $ 1,848,000

We need to allocate administrative costs to each product. First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,848,000/42,000

Predetermined manufacturing overhead rate= $44 per user

Now, we allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Toot!= 44*17,900= 787,600

TiX= 44*24,100= 1,060,400

Finally, the gross profit for each service:

Toot!:

Revenue= 2,200,000

Engineering cost= (1,096,250)

Administrative cost= (787,600)

Profit= $316,150

TiX:

Revenues= 2,400,000

Engineering cost= (1,213,750)

Administrative cost= (1,060,400)

Profit= $125,850

5 0

3 years ago

In the United States, the________ is the right of an employer to fire an employee or an employee to leave an organization at any

dlinn [17]

Answer:

At-will Employment

Explanation:

At-will employment is a law used in the US that gives employer the power to fire an employee at anytime, without any real wrongdoing as long as the reason isn't illegal.

This at-will employmet makes it difficult for the court to help such employers claim their benefits because of that law.

I hope this helps.

8 0

3 years ago

If the manufacturer of Cool Whip were to introduce an orange-flavored Cool Whip and still continue to produce all of its other C

AlexFokin [52]

Answer:

B. Line extension

Explanation:

Product Line Extension

This involves the use of an already established brand name, in this case, cool whip for a new item (orange flavored cool whip) in the same product category. It's the production of a new product that is a little different to a company's existing products. The differences the new product usually has from the existing products may be in the line of new flavour, colors, product size, added ingredients and so on.

A popular example of this is Coke and Pepsi releasing Diet Coke and Pepsi respectively. Adding a new product to their existing range of products.

5 0

3 years ago

The green giant has 4 percent profit margin and a 30 percent dividend payout ratio. The total assets turnover is 1.2 times and t

earnstyle [38]

Answer:

5.68%

Explanation:

The green giant has a 4% profit ratio

= 4/100

= 0.04

The dividend payout ratio is 30%

= 30/100

= 0.3

The total assets turnover is 1.2 times

The equity multiplier is 1.6

The first step is to calculate the return on equity

ROE= Profit margin×Total assets turnover×Equity multiplier

= 0.04×1.2×1.6

= 0.0768 or 7.68%

The next step is to calculate the Plowback ratio

b = 1-dividend payout ratio

b = 1-0.3

b = 0.7

Therefore, the sustainable growth rate can be calculated as follows

= ROE×b/(1-(ROE×b)

= 0.0768×0.7/(1-(0.0768×0.7)

= 0.05376/(1-0.05376)

= 0.05376/0.94624

= 0.05681

= 5.68%

Hence the sustainable rate of growth is 5.68%

3 0

3 years ago

ABC, Inc. discounts a 5%, 9-month, $1,000 note with a financial institution after holding the note for 3 months. The note was re

Gnoma [55]

Answer:

interest receivable 12.50 debit

interest revenue 12.50 credit

--adjusting entry for the interest accrued--

interest expense 11.31 debit

cash 1,001.19 debit

note receivable 1,000.00 credit

interest receivable 12.50 credit

--to record early discount of the note--

Explanation:

We are going to write-off the note and check for the interest expense:

book value of the note:

principal + interest accrued

principal x rate x time = interest

1,000 x 0.05 x 3 months/12 month a year = 12.50

we had interest receivable for 12.50

1,000 + 12.5 = 1,012.5 we receive 1,001.19

interest expense: 11.31

We are following this process to avoid compensate balance as is the company earned interest during those three months and then it pay interest to get cash earlier.

8 0

3 years ago