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sukhopar [10]
3 years ago
13

5b. MousePad Computer Company, in addition to its retail sales, conducts night classes in computer technology. MousePad has prov

ided you the following information: Number of students 120 Revenue per student $450 Student-related variable costs $100 per student Salary for three instructors $1,800 each Administrative costs $30 per student Maintenance on building $15,000 per year Required: Construct a contribution margin format income statement.
Business
1 answer:
monitta3 years ago
8 0

Answer:

Net Income = $18,000

Explanation:

              MousePad Computer Company

       Contribution Margin Income statement

Revenue (120 students × $450)                                      = $54,000

Less: Variable expenses:

Student-related costs (120 students × $100) = $12,000

Administrative costs (120 students × $30)     = $ 3,600

Total variable expenses                                               <u>    =($15,600)</u>

Contribution Margin                                                          $38,400

Less: Fixed cost

Instructors salary (3 × $1,800)       = $ 5,400

Maintenance on building              = $15,000

<u>Total fixed cost                                                                 =$(20,400)</u>

Net Operating Income                                                    =$18,000

Note:

Students cost is a variable expense, because if we decrease the student's number, the revenue and expenses will decrease proportionately. Moreover, the company is getting profit from the students.

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In a given year, Jennifer earns $50,000 and spends $40,000. During the same period, Stcve earns $30,000 and spends $27,000. If J
elena55 [62]

Answer:

The sales tax is regressive with respect to income

Explanation:

sales tax by Jennifer = 0.1*30000

                                   = 3000

tax/income = 3000/50000

                   = 6%

sales tax by steve = 0.1*27000

                                   = 2700

tax/income = 2700/30000

                   = 9%

The tax increases with decrease in income, it indeed is regressive on the whole.

Therefore, The sales tax is regressive with respect to income

6 0
3 years ago
Both Bond Sam and Bond Dave have 7.3 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has three
Zarrin [17]

Answer:

Sam change:   -5.13%

Dave change -18.01%

Explanation:

If interest rate increase by 2%

then the YTM of the bond will be 9.3%

We need eto calcualte the present value of  the coupon and maturity of the bond at this new rate:

<em><u>For the coupon payment we use the formula for ordinary annuity</u></em>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

Coupon payment: 1,000 x 7.3% / 2 payment per year: 36.50

time 6 (3 years x 2 payment per year)

YTM seiannual: 0.0465 (9.3% annual /2 = 4.65% semiannual)

36.5 \times \frac{1-(1+0.0465)^{-6} }{0.0465} = PV\\

PV $187.3546

<u><em>For the maturity we calculate usign the lump sum formula:</em></u>

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity: $ 1,000.00

time: 6 payment

rate: 0.0465

\frac{1000}{(1 + 0.0465)^{6} } = PV  

PV   761.32

Now, we add both together:

PV coupon $187.3546 + PV maturity  $761.3154 = $948.6700

now we calcualte the change in percentage:

948.67/1,000 - 1 = -0.051330026 = -5.13

For Dave we do the same:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 36.50

time 40

rate 0.0465

36.5 \times \frac{1-(1+0.0465)^{-40} }{0.0465} = PV\\

PV $657.5166

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   40.00

rate  0.0465

\frac{1000}{(1 + 0.0465)^{40} } = PV  

PV   162.34

PV c $657.5166

PV m  $162.3419

Total $819.8585

Change:

819.86 / 1,000 - 1 = -0.180141521 = -18.01%

6 0
3 years ago
Cadets at West Point spend time during the summer learning about the branches of the Army like aviation, infantry, ordnance, fin
vovikov84 [41]

Answer:

b. rotation

Explanation:

  • correct answer is rotation because Job rotation is a management approach where employees are regularly moved between two or more tasks or jobs to expose them to all work areas of the company.
  • This is a pre-planned approach aimed at testing the skills and capabilities of employees so that they can be implemented. In addition, it reduces the change of job and gives them a broader experience and helps them gain more insight.
  • Job rotation is a well-planned exercise to reduce boredom and learn the employee's hidden ability to do the same thing. This process is useful for management and employees
8 0
3 years ago
What is an economic factor on a business
blsea [12.9K]

Hi there!

<u>Information:</u>

<u>First, allow us to observe what an "economic factor is".</u>

- An economic factor is data taken out of market and economy.

- Economic factor may include certain costs. And these costs well be in our answer.

<u>Problem-Solving / Answer</u>

<u>Now, we figure out what economic factors we can find.</u>

<u>Tax rates</u> - tax rates can include an Economic factor.

<u>Laws</u> - Laws are a known economic factor.

<u>Unemployment</u> - Big one, at this time due to COVID-19, unemployment rates are flying off the charts. This is an example of an economic factor.

Important Keywords;

- Data ; <u>Data can be information taken from a place, for example, you have taken data from a chart.</u>

<u>Learn more:</u>

<u>Push factors: brainly.com/question/13553564</u>

<u>Economic growth: brainly.com/question/13023127</u>

<u></u>

<u />

8 0
3 years ago
17.   Chef A says that garnish should be added to a soup right before serving. Chef B says that garnish should be cooked with th
mezya [45]

The answer is A. I am 100% certain.

4 0
3 years ago
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