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3 years ago

Because they have similar skills, you choose Jim. Choosing your friend is OK in this case.

Business

1 answer:

finlep [7]3 years ago

7 0

Answer: Because they have similar skills, you choose Jim. Choosing your friend is OK in this case.

Explanation:

Choosing your friend Jim is indeed right in this scenario because they have the same skill level and work ethic.

It would be a win - win situation for you because it does not show partiality but at the same time you get to help a friend.

Had Jim being of a lower work ethic and skill level, it would have been very wrong to pick him as he would not have been the best person for the job but would only have gotten it due to connections and would likely not perform as well as the other person would have.

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Rice Company has a unit selling price of $650, variable costs per unit of $450, and fixed costs of $319,700. Compute the break-e

Alex

Answer:

a) Using mathematical equation 1599 units

b) Using contribution margin 1598 units

Explanation:

Break even point in units in mathematical terms = $\frac{Fixed cost}{Selling price - Variable Cost}$

= $\frac{319,700}{650 - 450}$ = $\frac{319,700}{200}$ = 1599 units

b) Using contribution margin

Contribution = Selling Price - Variable Cost = $650 - $450 = $200

Contribution margin = ( $200/ $650 ) X 100 = 30.77%

BEP = $319,700 / 30.77% = $1,039,000.025

Number of units = $1,038,999.025/$650 = 1598 units

a) Using mathematical equation 1599 units

b) Using contribution margin 1598 units

4 0

3 years ago

Ridiculousness, Inc., has sales of $43,000, costs of $25,100, depreciation expense of $1,500, and interest expense of $1,500. If

Pavlova-9 [17]

Answer:

operating cash flow = $12,685

Explanation:

given data

sales = $43,000

costs = $25,100

depreciation expense = $1,500

interest expense = $1,500

tax rate = 35

solution

first we get here Net income that is express as

Net income = Sales - depreciation expense - interest expense .......1

Net income = $43,000 - $25,100 - $1,500 - $1,500

Net income = $14900

and here Tax Expense is 35 % of Net income

Tax Expense is 35 % of $ 14,900 = $5215

so Net Income after tax is = $14900 - $5215 = $9685

now we get here operating cash flow that is express as

operating cash flow = Net Income after tax + Depreciation expense + Interest Expense .............2

operating cash flow = 9,685 + 1,500 + 1,500

operating cash flow = $12,685

3 0

3 years ago

It costs a company $35,000 to produce 500 graphing calculators. The company’s cost will be $35,080 if it produces an additional

kozerog [31]

Answer:

Marginal cost is greater than its average cost.

Explanation:

Given that,

Cost of producing 500 graphing calculators = $35,000

Cost of producing 501 graphing calculators =$35,080

Therefore,

The marginal cost = Cost of 501 graphing calculator - Cost of 500 graphing calculator

= $35,080 - $35,000

= $80

Average cost:

= $35,000 ÷ 500

= $70

Therefore, the marginal cost is greater than its average cost.

4 0

4 years ago

Suppose that a young couple has just had their first baby and they wish to ensure that enough money will be available to pay for

Salsk061 [2.6K]

Answer:

$256,571

Explanation:

College Graduation fee for four years in the present value

PV = $20,000 x 4 = $80,000

As historically the fee has risen by 6% we need to find future value when the baby will be 20 years old by using future value formula

Let's say

FV = Future value

PV = Present value

n = number of years

i = Interest

Workings

FV = PV x ((1+growth rate)^n)

FV = $80,000 x ( (1+0.06)^20)

FV = $256,571

As the bank interest rate is 8% the saving need to be deposited annualy can be calculated as

Savings = (FV x i) / ((1+i)^n)-1)

Savings = ($256,571 x 0.08) / ((1+0.08)^20)-1)

Savings = 20,525.68 / 3.66

Savings = $5,608

7 0

3 years ago

Henry Inc., a manufacturing firm, is able to produce 1,000 pairs of sneakers per hour, at maximum efficiency. There are three ei

Leokris [45]

Answer:

515,000

Explanation:

The Master-budget capacity utilization is the expected level of capacity which a current budget needs. The term utilization means the amount of capacity needed to meet customer demand.

In the future, Henry Inc estmates that customer demand is unlikely affected and will be around 515,000 pairs for their current budget. Therefore the master-budget capacity utilization level for this budget period is 515,000 pairs.

5 0

4 years ago