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tatuchka [14]
3 years ago
13

Woolman College is considering the construction of a new women’s dormitory. The dormitory will have 80 rooms and the ability to

accommodate three students per room. Woolman estimates the dormitory will cost $1.8 million and will have a useful life of 30 years with no salvage value. Using information from existing dorms, Woolman knows the following about each cost:
A linear regression was performed for utility costs (dependent variable) and housing revenue (independent variable), with an adjusted R2 = 0.5. In a separate regression to determine causation they found a total cost function for utility costs with a y-intercept of 22,000 and an x-coefficient of 0.05. All historical data were annual amounts.

Supplies = $ 350 / student (per year)

Insurance = $ 40,000 / year

Repair and Maint. = $ 32,000 / year

Resident assistants – One resident assistant is needed for every 45 students. Each resident assistant is paid $7,000 / year in salary.

Given the above information, please answer the following information.

If Woolman charges $ 3,100 / student for annual housing in the dormitory, what is the contribution margin per student?

Prepare a contribution margin income statement to show the profit generated from this new dorm if it is 60% full? If it is 80% full?

What is the cost per student (including variable and fixed costs) at 60% capacity? At 80% capacity?

Business
1 answer:
lisov135 [29]3 years ago
7 0

Answer:

IF WOOL MEN CHARGES $3100 PER STUDENT,THEN CONTRIBUTION PER STUDENT=

CHARGES PER STUDENT =$3100

LESS:VARIABLE COST

SUPPLIES ($350)

ASSISTANT SALARY ($155)

($7000/45)

CONTRIBUTION $2595

COST PER STUDENT:

SUPPLIES $350

OFFICE  ($7000/45) $155

INSURANCE ($40000/240*) $167

REPAIR ($32000/240) $133

AND MAINTENANCE

DEPOSIT ($60000/240) $250

TOTAL $1055

Explanation:

The given table will elaborate it more.

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Sheridan Company has received a shipment of suits that cost $140 each. If the company uses cost-plus pricing and applies a marku
timama [110]

Answer:

Selling price= $224

Explanation:

Giving the following information:

Unitary purchase cost= $140

Mark-up percentage= 60%

<u>To calculate the selling price per unit, we need to use the following formula:</u>

Selling price= unitary cost*(1 + mark-up)

Selling price= 140*1.6

Selling price= $224

5 0
3 years ago
Decentralization is usually desirable in a company when:
Leokris [45]

Answer:

The answer is a. The company is operating in a pure competition.

Explanation:

The other options are incorrect. Decentralisation of power has only a little to do with the geographical location and with the number of employees.

Besides, the employees must be accountable for the responsibilities they take.

However, when the competition is severe, decentralisation is useful as it motivates people and increase the creativity and the decision making capacity of the individuals.

5 0
3 years ago
Be sure to mention which cultures more on nonverbal communication and which cultures don't use it when communicating with others
MatroZZZ [7]

Answer:

Amm 8 don't understand really

7 0
3 years ago
On January 1, 2017, Hi and Lois Company purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds pro
lisabon 2012 [21]

Answer:

All the requirements are attached in pictures.

Explanation:

8 0
2 years ago
The Bottlebrush Company has income from operations of $60,000, invested assets of $345,000, and sales of $786,000. Use the DuPon
creativ13 [48]

Answer:

Return on Investment

60,000/345,000 = .173913043

net profit margin:

60,000/786,000 = 0.076335877

return on assets

60,000/345,000 = .173913043

assets turnover

sales/assets = 2.27826087

Explanation:

income from operation 60,000

invested assets 345,000

sales 786,000

net profit margin:

60,000/786,000 = 0.076335877

return on assets

60,000/345,000 = .173913043

assets turnover

sales/assets = 2.27826087

ROE = Profit.Margin\times AssetsTO\times Leverage\\\\ROE = Profit.Margin\times AssetsTO\times \frac{Assets}{Equity}

.173913043 = 0.076335877 x 2.27826087 x 345,000/Equity

Equity = 345,000

Return on Investment

60,000/345,000 = .173913043

8 0
3 years ago
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