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victus00 [196]
3 years ago
7

The following information is available for Sunland Company:

Business
1 answer:
vladimir1956 [14]3 years ago
6 0

Answer:

Contribution margin= 250,000

Explanation:

Giving the following information:

Sales $590,000

Total fixed expenses $150,000

Cost of goods sold $390,000

Total variable expenses $340,000

<u>A CVP income statements provides the following structure:</u>

<u></u>

Sales= 590,000

Total variable costs= (340,000)

Contribution margin= 250,000

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What is a defining characteristic of Homo economicus? A. He often gambles for large but unlikely rewards B. He will buy a good e
sladkih [1.3K]

Answer:

Letter D is correct. <u> He desires to maximize gains and minimize losses.</u>

Explanation:

Homo economicus has as its central characteristic the rationality with which it makes its decisions. Through rational choice theory he is able to analyze situations where he can maximize perceived benefits and mitigate risks, through a systemic and fully rational process he is able to analyze available information that will determine possible short and long term gains and risks. term, and make your decision based on the possibility that will most attract rewards.

3 0
3 years ago
This marketing strategy involves marketing products that are similar to ones already on the market and are in-line with cultural
kari74 [83]

Answer:

B, Cultural congruence

Explanation:

Cultural congruence is a kind of marketing technique/strategy in which a new product with similar characteristics as with the currently existing product is marketed. This technique of marketing helps to reduce resistance as consumers see the new product as the same as the existing product.

I hope this helps.

6 0
3 years ago
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with informatio
MrRissso [65]

Answer:

<em>Cost of completed WIP:</em> 30,240

<em>Total cost of tranferreed-out:</em> 729,990

Explanation:

<em><u>We assume it works with weighted-average process costing</u></em>

Beginning 9,000 50% = 4,500   $22,050

Finished goods 207,000 units

Direct Materials 212,000 units at $1.6

Direct labor       $276,000

Overhead          $<u> 107,400    </u>

Total Overhead $383,400

started   212,000 units

<u>finished 207,000 units</u>

ending       5,000 units at 75%

EU Conversion Cost 207,000 + 5,000 x 75% =  210,750

<em>Cost per equivalent unit: 383,400 / 210,750 = 1,819217</em>

Cost of beginning WIP comepleted

22,050 beginning + 1.82 x 4,500 =  30,240

Cost of the units transferred to finished goods:

    22,050 beginning WIP balance

+ 207,000 x $1.6 materials

<u>+ 207,000 x $1.82 conversion cost  </u>

<em>Total:</em> 729,990

7 0
3 years ago
Use the following information to answer the question(s) below. A company near a large city is required to keep its smokestack po
meriva

Answer:

Over this 10-year period, the benefit to cost ratio is:

= 1.33.

Explanation:

a) Data and Calculations:

Cost of additional anti-pollution equipment = $2 million

Estimated useful life of the equipment = 10 years

Additional annual labor cost for equipment usage = $100,000

This gives a total labor cost of $1 million over the 10-year period.

Therefore, the total cost = $3 million

Savings (benefits) from lowering the air pollutants in the region = $4 million in medical expenses.

The benefit-to-cost ratio (BCR) = $4/$3 = 1.33

b) The Benefit-to-cost ratio (BCR) is a cost–benefit analysis that summarizes the value-for-money of a project by expressing the relationship between the project's benefits and costs in monetary terms. The BCR shows the future profitability of investment alternatives or options. It is normally expressed in terms of net present value.

8 0
3 years ago
Mark is selling gourmet apples at a price of ​$3 per pound. ​ currently, he sells 150 pounds of apples per week. this​ week, mar
Dafna1 [17]
Mark's initial revenue was $450 (150lb)($3) and his new revenue was $500 (100lb)($5). Since Mark's revenue increased when the price if apples rose, the demand for Mark's gourmet applies must be inelastic. Elastic, because even though there was a change in price, the change in price wasn't substantial. 
4 0
3 years ago
Read 2 more answers
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