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3 years ago

Which of the following scenarios would indicate that a nation's economy is entering the recovery phase of the business cycle?

1 answer:

3 0

After sales figures increase for several months, economic data indicates that retailers are hiring new workers to satisfy increased demand.

All of the other options would show concerning economic signs, not signs of recovery. Recovery happens when there is an upturn in the economy, more hiring and better sales.

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Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs o

GrogVix [38]

Answer:

a. Selling price = $150

Variable cost per unit = $60 + $18 = $78

Total fixed cost = $480,000 + $240,000 = $720,000

Fixed cost = BEP (Selling price - Variable cost per unit)

$720,000 = BEP ($150 - $78)

$720,000 = BEP ($72)

BEP = $720,000/$72

BEP (units) = 10,000 units

BEP (dollars) = BEP units x selling price

= 10,000 x $150

= $1,500,000

b. Contribution margin per unit = Selling price - Variable cost per unit

= $150 - $78 = $72

c. Contribution margin income statement: $

Total contribution ($72 x 10,000 units) 720,000

Less: Total fixed cost 720,000

Net profit 0

Explanation:

BEP (units) is equal to fixed cost divided by contribution per unit

BEP (dollars) is equal to break-even point in units x selling price

Contribution per unit is equal to selling price less variable cost per unit

4 0

3 years ago

Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production fa

Verdich [7]

Answer:

The right solution is:

(a) 4,272 units

(b) $134.16

(c) $134.17

(d) $12,268.33

Explanation:

Seems that the given question is incomplete. The attachment of the complete question is provided below.

According to the question, the values are:

Annual demand,

D = 12,000

Number of days,

= 300

Daily demand,

d = $\frac{12000}{300}$

= 40

Production rate,

P = 100

Ordering cost,

S = $50

Holding cost,

H = $0.10

(a)

The production run's optimal size will be:

Q = $\sqrt{\frac{2DS}{H(1-\frac{d}{P} )} }$

By putting the values, we get

= $\sqrt{\frac{2\times 12000\times 50}{0.10\times (1-\frac{40}{100} )} }$

= $\sqrt{20,000,000}$

= $4,471.14$

or,

= $4,472 \ units$

(b)

The average holding cost will be:

= $\frac{Q}{2}\times H\times [1-\frac{d}{P} ]$

= $\frac{4472}{2}\times 0.10\times [1-\frac{40}{100} ]$

= $134.16$ ($)

(c)

The average setup cost will be:

= $\frac{D}{Q}\times S$

= $\frac{12000}{4472}\times 50$

= $134.17$ ($)

(d)

The total cost per year will be:

= $Avg. \ holding \ cost+ Avg. \ setup \ cost+Cost \ of \ purchase$

= $134.16+134.17+(1\times 12000)$

= $12,268.33$ ($)

4 0

3 years ago

With good internal controls, the person who handles cash can also

Nitella [24]

Answer: None of the above.

Explanation:

The correct answer will be "None of the above." The person who handles cash cannot issue credits to customers on sales returns. This could be because their job function does not include this process.

The person also may not account for cash receipts to customers. They can also not account for cash purposes. This could also be because these processes are not included in the persons job function or duties.

Each job function has a clear set of duties that one can perform. Each business has different jobs for people and this particular one does not allow for the person handling cash to do anything else.

3 0

3 years ago

"When ClubCorp had an attrition problem, they hired a market research company to get to the bottom of things. What two things di

lara [203]

Cost of Membership
benefits of membership

5 0

3 years ago

The range rule of thumb roughly estimates the standard deviation of a data set as _______.

goblinko [34]

Range is the measure of variation that is very sensitive to extreme values. It is the difference between high and low values, while standard deviation is the standard measure of variation.The range rule of thumb roughly estimates the standard deviation of a data set as s=range/4 , where s stands for standard deviation and
<span>range = Maximum - Minimum</span>

5 0

3 years ago