Answer:
Part a
contribution format income statement
Sales $1,643,400
Less Variable Costs ($1,145,400)
Contribution $498,000
Less Fixed Costs ($415,000)
Net Income (Loss) $83,000
Part b
6.00
Part c
See explanation
Part d
See explanation
Explanation:
Contribution Income Statement separates variable costs and fixed costs as shown above.
Degree of operating leverage = Contribution ÷ Earnings Before Interest and Tax
= $498,000 ÷ $83,000
= 6.00
Part c and Part d
Since there is missing information related to these parts here are the explanations.
<u>The expected percentage increase in net operating income for next year.</u>
Calculated by multiplying the percentage change in sales by the degree of operating leverage.
<u>The expected total dollar net operating income for next year.</u>
Simply apply the expected percentage increase calculated in part c to the existing Net Profit
Answer:
C. Build up inventories before reducing production.
Explanation:
Demand shocks happen when there is a sudden and considerable shift in the patterns of private spending, either in the form of consumer spending from consumers or investment spending from businesses. An economic downturn in the economy of a major export market can create a negative shock to business investment, particularly in export industries. A crash in stock or home prices can cause a negative demand shock as households react to a loss of wealth by cutting back sharply on consumption spending. Supply shocks to consumer commodities with price inelastic demand, such as food and energy, can also lead to a demand shock by reducing consumers real incomes. Economists sometimes refer to demand side shocks as "non-technological shocks." We need to build up inventories before reducing production.
Answer:
Screening and evaluation
Explanation:
The seven steps in the new product development process are:
- New-product strategy development
- Idea Generation
- Screening and evaluation
: at this stage, ideas are filtered and funneled and you must separate only those truly worth pursuing.
- Business analysis
- Technical Development
- Market Testing
- Commercialization
Answer:
$310,000
Explanation:
Calculation to determine the increase in the current year in net assets with donor restrictions
Using this formula
Net assets current year Increase=Restricted gift by donor+Restricted gift to pay salary+Restricted gift withheld+Unspent income earned
Let plug in the formula
Net assets current year Increase=$75,000+$95,000+$125,000+$15,000
Net assets current year Increase=$310,000
Therefore the increase in the current year in net assets with donor restrictions will be $310,000
A Management Science Perspective is a management perspective that originated after World War II and used mathematics, statistics, and other quantitative tools to managing challenges.
Management science, often known as mathematical or quantitative measurement, sees management as a logical entity whose actions may be described in terms of mathematical symbols, connections, and measurement data.
The mathematical model is the key emphasis of this technique. This device may represent management and other challenges in fundamental relationships, and if a specific goal is sought, the model can be expressed in terms that optimize that goal. This method borrows heavily from decision theory and, in fact, provides several ways for rational decision-making.
Therefore, the answer is management science perspective.
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