1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oksi-84 [34.3K]
3 years ago
7

ACME Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly expense

s do not change, what is the best estimate of the company's net operating income in a month when sales are $103,000?
Business
1 answer:
Elodia [21]3 years ago
8 0

Answer:

$23,740

Explanation:

Given that,

Sales = $103,000

Fixed expenses for the month = $36,000

Contribution margin ratio = 58%

Net operating income:

= (Contribution margin ratio × Sales) - Fixed expenses for the month

= (0.58 × $103,000) - $36,000

= $59,740 - $36,000

= $23,740

Therefore, the best estimate of the company's net operating income in a month when sales are $103,000 is $23,740.

You might be interested in
The notes receivable account of a business should include both the notes that haven't matured and the dishonored notes.
den301095 [7]

This statement is false. The notes receivable account should only include those notes which can still be collected. Notes that have not matured yet is still included in the notes receivable account because there is still the probability of collection. Dishonored notes should not anymore be included because there is no more probability of collection.

6 0
3 years ago
In setting the production level, a firm's cost curves A. by themselves do not tell us what decisions the firm will make. B. have
prisoha [69]

Answer: Option A : by themselves do not tell us what decisions the firm will make.

Explanation: Using the cost curve to make decisions is the function of the firm's internal decision mechanism

7 0
3 years ago
"Which indicator is the best for determining whether a client with Addison's disease is receiving the correct amount of glucocor
oksano4ka [1.4K]

Answer:

The correct answer is Daily weight.

Explanation:

Changes in weight can occur quickly. The treatments and medicines  used to fight the disease can affect the weight in a very short time.

Knowing the weight helps staff members make the safest and most effective choices.

• Doctors and pharmacists use weight to help decide the amount of medicine

That needs to be ordered.

• Nurses and doctors use daily weight to decide if it is necessary to increase or decrease fluids either by mouth or by vein.

Staff will monitor the weight before most clinic visits and at any time when they are admitted. Doctors and other staff members often decide the dose of medicines and the amount of serum needed early in the morning.

3 0
2 years ago
The transatlantic flow of people and goods such as corn, potatoes, horses, and sugarcane is called:
Bess [88]

Answer:

b. the Columbian Exchange.  

Explanation:

The transatlantic flow of people and goods such as corn, potatoes, horses, and sugarcane is called the Columbian Exchange.

The Columbian exchange or interchange, refers to the monumental flow of humans, plants and animals between the continents of North and South America and West Africa; and was named after Christopher Columbus.

The Columbian interchange has been documented to have taken place in the in the 15th and 16th centuries: also referred to as 'the old world'

6 0
3 years ago
Write a 1-2 page executive summary, along with an appendix of supporting information, in which you analyze an organization's fin
OlgaM077 [116]

Explanation:

INTRODUCTION

This research will help you complete a thorough assessment of the financial performance of a company as well as its level of funding risk. Your recommendation will help management to create a loan portfolio and will communicate your review to others within the organisation clearly and succinctly by your executive summary.

SCENARIO

You work for a company that supplies businesses with loans. You meet with a client who needs a loan to review financial and associated results records. You were asked to review records and outline the results in your management team's loan decision.

This situation may be extended to both Option 1 and Option 2, as defined in the following requirements.

YOUR ROLE

You have the privilege of being a loan officer for a banking company, evaluating applicants for loans and making recommendations as to whether the loan requests should be supported.

REQUIREMENTS

Option 1:

With Ace Company the client works. Assume Ace has applied to buy production equipment and build associated applications for a loan of $3 million for 10 years. For this option, use the Ace Data Company Report.

Option 2:

Use a business or your choice situation.

  • To ensure: the client follows the evaluation criteria, read the report carefully before selecting a business.
  • You have access, in order to assess risk and make a loan decision, to the financial statements and related documents. This year and last year you will need details.
  • If you do not share confidential information, you can publish your financial statements and associated performance records.

Loan Recommendation

To obtain your decision, evaluate the demanding company's financial results and send it to the senior management team of your organisation. After processing loan applications, the management team must accept the suggestion.

DELIVERABLE FORMAT

The management team of your company, together with the title page, the guide page and the section for the supporting information, will provide you with the facts in a 1–2 page summary. The Management Review will explain your key metrics and provide your advice and explanation. Information used to review others must be included in the file. The annex Assume that this letter is your only contact and that you will not be with the team to discuss what you plan to do.

Related company report standards:

  • A professional document should therefore be included in the executive summary and the corresponding guidance on the MBA Academic and Professional Papers, including individual paragraphs.
  • In addition to the executive summary, include:

             * A list with names.

             * A list with references.

            * Make sure the faculty has enough knowledge to grasp how you have accomplished your endorsement if you have a business or a situation of your choice.

EVALUATION  

By achieving this test successfully, you show your competence in the following courses by applying the correct scoring guidelines:

•Skills 1: Discuss how financial management impacts accounting principles and practices.  

*Analyse the pattern in account collections of the company.  

*Compare the overall turnover of the company with the average industry inventory turnover.

•Skill 2: To evaluate financial results, apply financial statements.              *Assess the short-and long-term value of the company's funding.  

•Skill 4: to provide multiple stakeholders with financial statements.  

* Communicate clearly accounting details.

The staff will use the score guide to review the decision as if it were part of the management team of your company. Before you develop and submit your appraisal, review the scoring guide.

5 0
3 years ago
Other questions:
  • Because colgate owns patent number 5,547,091, only colgate sells toothpaste with a flip-top cap, while others use the more tradi
    10·1 answer
  • 59. What is a contingency? a. An existing situation where certainty exists as to a gain or loss that will be resolved when one o
    14·1 answer
  • What happens to your tax liability with proper financial planning?
    6·2 answers
  • . JetGreen Cleaners makes 80% of its sales on credit. Experience shows that 25% of the credit customers pay in the month of sale
    11·1 answer
  • A student believes that less than 50% of students at his college receive financial aid. A random sample of 120 students was take
    7·1 answer
  • Consider the following data for a closed​ economy: Y​ = ​$12 trillion C​ = ​$8 trillion G​ = ​$2 trillion Spublic​ = ​$negative
    10·1 answer
  • Income rises from $3,500 to $4,000 a month and the quantity demanded of good X falls from 7 to 5 units a month. Income elasticit
    11·1 answer
  • delmont movers has a profit margin of 6.2 percent and net income of $48900. what is the common size percentage for the cost of g
    8·1 answer
  • Beth is a college student looking for summer employment. She has two options. Firm X is employing lifeguards to patrol the beach
    13·1 answer
  • Before Blueberry Designs launched their active wear line, they created a series of ads showing people wearing their designer dre
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!