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frosja888 [35]
4 years ago
7

Xminus−Industries manufactures 3minus−D printers. For each​ unit, $ 3 comma 200$3,200 of direct material is used and there is $

2 comma 300$2,300 of direct manufacturing labor at $ 15$15 per hour. Manufacturing overhead is applied at $ 18$18 per direct manufacturing labor hour. Calculate the profit earned on 4242 units if each unit sells for $ 10 comma 800$10,800.
Business
1 answer:
madreJ [45]4 years ago
3 0

Answer:

Profit= $106,682.52

Explanation:

Giving the following information:

Unitary Variable costs:

Direct material= 3,200

Direct labor= $2,300 ($15 per hour)= 153.33 hours

Manufacturing overhead is applied at $18 per direct labor hour.

Units sold= 42

Selling price= $10,800

Profit= Total sales - total variable cost

Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52

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Hare, Inc., had a cost of goods sold of $45,021. At the end of the year, the accounts payable balance was $8,583. How long on av
iragen [17]

Answer:

70 days

Explanation:

For computing the number of days first we have to determine the credit turnover ratio which is shown below:

Credit turnover ratio is

= (Cost of Goods Sold ÷ Average accounts payable)

= ($45,021 ÷ $8,583)

= 5.245 times

Now the number of days is

= Total number of days in a year ÷ credit turnover ratio

= 365 ÷ 5.245

= 70 days

6 0
4 years ago
An extended period of little or no growth in gdp, wages, and prices is a period of?
dolphi86 [110]

An extended period of little or no growth in GDP, wages, and prices is a period of stagnation.

When real economic growth is less than 2% annually it is considered stagnation. Stagnation is a prolonged period of little or no growth in an economy. This no growth economic period affects various sectors of the economy such as GDP, wages, prices etc.

Stagnation can occur as a temporary condition, such as a growth recession or temporary economic shock. Stagnation is a situation which occurs within an economy when total output is either flat, declining, or growing slowly.

Hence, stagnation in economy can occur due to a number of causes.

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3 0
2 years ago
Calculate the payout ratio, earnings per share, and return on common stockholders’ equity. (Round earning per share to 2 decimal
drek231 [11]

Answer:

Payout Ratio 69.9%

Earning Per Share $0.94

Return on the Common Stockholder Equity 12.6%

Explanations:-

Monty Corp

1. Calculation for Payout Ratio

Using this formula

Payout Ratio = Dividend Declared/Net Income

Dividend Declared = $0.70 * Shares outstanding

Shares outstanding:-

Opening ($837,500/$3) =279,167

Issued on Feb 1 5310

Treasury (4900)

Purchased Treasury on March 20 (1300)

Shares outstanding 278,277

Dividend Declared = 278277 * $0.70

= $194,793.90

Net Income = $278600

Payout Ratio = $194793.90/$278600 = 69.9%

Therefore Payout Ratio will be 69.9%

2. Calculation for Earning Per Share

Using this formula

Earning Per share =(Net Income – Preference Dividend)/Avg Common Stock shares

Net Income = $2786,00

Preference Dividend = $294,000 * 6%

= $17640

Average Common Stock shares = (Beginning Shares outstanding + Ending Shares outstanding)/2

Beginning Shares outstanding = 279,167 – 4,900 = 274,267

Ending Shares outstanding = 278,277

Average = (274,267 + 278,277)/2 = 276,272

Earning Per Share= ($278,600 - $17,640)/276,272 = $0.94

Therefore Earning per share will be $0.94

3. Calculation for Return on Common Stockholders Equity

Using this formula

Return on Common Stockholder Equity =

(Net Income – Preference Dividend)/Avg Common Stockholder Equity

Average Common Stockholder Equity = (Beginning Stockholder Equity + Ending Stockholder Equity)/2

Beginning Stockholder Equity will be:

Beginning common stock $837,500

Beginning Paid-in Capital in Excess of Stated Value on Common Stock $536,000

Beginning Retained Earnings $695,000

Treasury Stock($39,200)

Beginning Stockholder Equity $2,029,300

Ending Stockholder Equity will be:

Ending common stock ($837,500 + [5,310*$3])

=$853,430

Ending Paid-in Capital in Excess of Stated Value on Common Stock ($536,000 + [5,310 * $4]) =$557,240

Ending Retained Earnings $761,166.10

Treasury Stock ($39,200 + [1300 * $9])

=($50900)

Beginning Stockholder Equity$2,120,936.10

Calculation for Ending Retained Earnings

Using this formula

Ending Retained Earnings = Beginning Retained Earnings + Net Income – Dividend on common & Preferred stock

= $695, 000 + $278,600 – ($194,793.90 + $17,640)

= $761,166.10

Average Common Stockholder Equity = ($2,029,300 + $2,120,936.10)/2 = $2,075,118.05

Return on Common Stockholder Equity = ($278,600 - $176,40)/$2,075,118.05

Return on Common Stockholder Equity = 12.6%

Therefore the Payout Ratio is 69.9%

Earning Per Share is $0.94

Return on Common Stockholder Equity is 12.6%

3 0
3 years ago
A market researcher wants to find the cause-and-effect relationship between using organic ingredients in food and the subsequent
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Which of the following is most likely to occur in the consumer market but not in the organizational​ market? A. Purchases involv
lozanna [386]

Answer:

A. Purchases involve high risk and high cost

This phenomenon is most likely to occur in the in the organizational​ market (B2B - Business to Business Market) as compared to the consumer market. In B2B or Organisational Market, large number of purchases are made because those products have to become the part of certain other product so they are with with high cost and high risk.

B. There are a limited number of large buyers

There are less or limited number of large buyers in the organizational​ market (B2B - Business to Business Market) as compared to the consumer market. Buyers are in less number but they made purchases which involve more money.

C. Several people frequently make the decision

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D. Purchases are based on emotional responses to products or promotions

This phenomenon is most likely to occur in the consumer market organizational​ market as compared to the B2B - Business to Business Market. In B2B or Organisational Market, decisions are being made purely on the basis of product specifications, quality and cost whereas, in consumer market emotions come into play quite often.

E. Products are more complex and classified based on how the customer will use them

Products are more complex and classified based on how the customer will use them in the organizational​ market (B2B - Business to Business Market) as compared to the consumer market. In B2B or Organisational Market, products are quite complex in nature because mostly machinery and technical products are involved in B2B market.

8 0
4 years ago
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