Answer:
a) = 40660 units
b) = $335,445
c) = 58242 units
Explanation:
Lets summarize the information first,
F.C = $185,000
Direct Material (DM) = $3.20
Direct Labor (DL) = $6.00/hr or 6/12 = $0.5/product
Selling Price (SP) = $8.25
For a)
Break Even qty = F.C/Contribution Margin (CM)
CM = SP - (DM +DL per product) = 8.25 - (3.2 + 0.5) = $4.55
Break even qty = 185000 / 4.55 = 40659.3 or 40660 units
For b)
The break even qty does not change with sales so at 55000 units of sale the qty required for B.E is still 40660 units thus B.E Sales = 40660* 8.25
Break even sales = $335,445
For c)
This can be calculated by factoring target profit into the fixed costs so,
Quantity @ target profit = F.C + Target profit / C.M
So,
Quantity @ target profit = 185000 + 80000 / 4.55 = 58242 units rounded off.
Answer: D
Explanation: A primary goal of bankruptcy is to treat creditors fairly and equally. The automatic stay effectuates this goal by stopping the creditors' race for the debtor's assets. However, a debtor can usually see that he will probably file for bankruptcy at least a couple of months before he actually files and after learning about how bankruptcy works, he may try to pay some creditors over others before filing. A debtor may prefer certain creditors, because they are relatives or friends or officers of a corporate debtor, or the debtor may have a continuing relationship with the creditor, such as a family doctor, that he doesn't want to jeopardize.A preference (aka preferential transfers) occurs when a debtor transfers money or an interest in the debtor's property to a creditor that is greater than what the creditor would have received in a Chapter 7 liquidation. an avoidable preference is a transfer or payment made to a creditor by a debtor that the bankruptcy trustee later seeks to recoup for the benefit of the bankruptcy estate and repayment of the estate's creditors. This is in accordance with the priority scheme prescribed by the Bankruptcy Code as opposed to the unilateral preference of the debtor and/or the original creditor receiving the payment . Many creditors never want to enounter avoidable preference litigation because it usually means a loss of time and attorneys' fees that must be expended to defend such suits.The purpose of avoidable preference litigation and the rationale behind the term's inclusion in the Bankruptcy Code is to fairly distribute the debtor's assets to creditors in an orderly scheme.
Answer:
It will expect to pay 545,000 dollars
Explanation:
We will calculate the probabilities:
outcome x probability
(40,000) x 0.2 = (8,000) penalty
10,000 x 0.3 = 3,000 bonus
0 x 0.5 = 0 netiher
(5,000) expected
NOTE: the method will only work if the probabilities add up to one, so the remainder 0.5 will be assing to the timeframe within 8 ann 16 week on which there is no bonus or penalty.
list price: 550,000 + probability outcome: (5,000) = 545,000
A change in the number of sellers in an industry changes the quantity available at each price and thus changes supply. An increase in the number of sellers supplying a good or service shifts the supply curve to the right; a reduction in the number of sellers shifts the supply curve to the left.
Answer:
8. Conduct a performance analysis
9. Customer complaints
10. Consolidate knowledge, skills, and behaviors needed to perform a job well.
11. Members of the sales team have expressed that they do not fully understand the benefits of the service they are selling
12. CTP no longer requires salespeople to have a technical or sales background
13. What methods are used for recruiting and interviewing individuals for sales positions?
14. Estimating budget
Explanation:
8. By conducting performance analysis, he will be able to identify training needs and reasons for gap in competencies of individuals.
9. By analysing customer complaints, competencies if individuals can be evaluated.
10. Competency model must descibe the competencies needed by individuals to perform their jobs.
11. Lack of knowledge must be overcome through trianing
12. If people do not have sales or technical backgorud they are not fit for the job at all.
13. Training of employees is fruitless if methods for recuiting salesperson are not effecive
14. Estimating budget for training will be required after designing a training program
