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Alex
2 years ago
12

Omega Company makes and sells jungle gyms and tree houses for children. For jungle gyms, the price is $150 and the variable expe

nses are $100 per unit. For tree houses, the price is $180 and the variable expenses are $120. Total fixed expenses are $215,250. Last year, Omega sold 10,000 gyms and 6,000 tree houses. Using the lowest whole numbers, what is the sales mix of gyms and tree houses?
Business
2 answers:
Whitepunk [10]2 years ago
6 0

Answer:

b 5:3

Explanation:

Jungle gym sales unit : tree sales unit

10,000 : 6,000

10,000 / 6000

= 5/3

=5:3

vichka [17]2 years ago
6 0

Answer:

B. 5:3

Explanation

Given that

Gyms sold = 10,000

Tree sold = 6000

Sales Mix

= 10000 : 6000

That is

10000/6000

= 5/3

Thus

Sales mix = 5:3

Recall that

Sales mix is the relative proportion of business products that are sold. That is, the ratio of each product that an organization sells to total product.

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Ruth is a mother of two, loves to travel, is a member of a book club, enjoys jogging, likes to wear the latest fashions, and is
Margaret [11]

Answer:

(A) A component lifestyle.

Explanation:

Component lifestyle:-It is choosing goods and services that fulfills one's various needs and interests rather than following a single, traditional stereotype.

So according to the question Ruth is a person having various interests and also a police officer by profession.So she has very diverse needs and interest and they affects her choice of goods and services because she wants goods and services that meet's her diverse needs.So her lifestyle is component.

5 0
3 years ago
Consider two of the income security programs in the United States: Temporary Assistance for Needy Families (TANF) and the Earned
Harrizon [31]

Answer:

a. When a woman with children and very low income earns an extra dollar, she receives less in TANF benefits. This feature of TANF will cause the labor supply of low-income women to be <u>LOWE</u>R. One of the most important characteristics of TANF is that as the beneficiary starts to earn money, they start losing benefits. The more money they earn, the less benefits they receive.

b. The EITC provides greater benefits as low-income workers earn more income (up to a point).

<u>True</u>

This feature of EITC will decrease the labor supply of low-income workers. <u>b. False</u>

Earned income tax credit (EITC) is a refundable tax credit aimed at low income workers (and low middle income workers) with children. The tax credit received by the beneficiaries of this program depend on their income levels and number of children. E.g. during 2020, the EITC for joint filers earning up to $52,493 and having 2 children is $5,828. This program increases the labor supply of low income workers, it doesn't decrease it. If you do not work, you do not receive EITC.

4 0
3 years ago
Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows:
Amiraneli [1.4K]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the activity rate for each activity:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machining= 312,000/80,000= $3.9 per machine hour

Designing costs= 73,600/8,000= $9.2 per design hour

Setup costs= 71,600/500= $143.2 per batch

<u>Now, we can allocate overhead to each product:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

<u>Product A:</u>

Machining= 3.9*30,000= 117,000

Designing costs= 9.2*3,200= 29,440

Setup costs= 143.2*50= 7,160

Total overhead= $153,600

<u>Product B:</u>

Machining= 3.9*40,000= 156,000

Designing costs= 9.2*1,800= 16,560

Setup costs= 143.2*175= 25,060

Total overhead= $197,620

<u>Product C:</u>

Machining= 3.9*10,000= 39,000

Designing costs= 9.2*3,000= 27,600

Setup costs= 143.2*275= 39,380

Total overhead= $105,980

8 0
2 years ago
If the government sets a price floor of $5 per bushel, ____ bushels of corn are produced, of which ___ are purchased by consumer
11Alexandr11 [23.1K]

Answer: If the government sets a price floor of $5 per bushel, Say 1000 bushels of corn are produced, of which 300 bushels are purchased by consumers, and 700 bushels by the government. The program costs the government $3500. Farmers receive $5000 in total revenue.

Explanation: A price floor is a legitimate minimum value that the government sets on a product in the market, usually to protect the suppliers/farmers. Using the ballpark values as in the answer, to estimate and explain the concept of a price floor:  

Say total quantity produced is 1000 bushels of corn from which the Market demands 300 bushels. Given that the government has set a price floor at $5 per bushel; then the Government has to buy the surplus bushels of corn in the market from the farmers.  

Surplus bushels = Quantity produced – Quantity purchased  

1000 bushels – 300 bushels = 700 surplus bushels of corn to be purchased at $5 each by the government

Therefore: It would cost the government (700 bushels x $5 =) $3,500 to mop up the surplus in the market and pay the farmers. The 300 bushels purchased by consumers would yield (300 x $5 =) $1,500 in earnings for the farmers. Total earning by the farmers = $3500 (from the government) and $1500 from consumers) = $5000.

I hope this helps to understand the concept of price floors.

5 0
3 years ago
Angelica and Celeste invested all their savings in a small pizzeria they opened outside the University of Missouri. They operate
Lunna [17]

Answer:

The correct answer is letter "A":  Lose their personal assets as the result of their company's financial problems.

Explanation:

A general partnership is the type of business that is set in a form in which all the individuals involved in the ownership of the business share the assets, profits, and legal liabilities. General partnerships are said to be <em>unlimited liable </em>since the <em>personal assets of the individuals involved can be taken into consideration in front of business obligations</em>.

6 0
2 years ago
Read 2 more answers
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