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Diano4ka-milaya [45]
3 years ago
5

Crane Company produces two models: Model 24 has sales of 300 units with a contribution margin of $40 each; Model 26 has sales of

150 units with a contribution margin of $50 each. If sales of Model 26 increase by 50 units, how much will profit change
Business
1 answer:
pantera1 [17]3 years ago
3 0

Answer:

Effect on income= 50*50= $2,500 increase

Explanation:

Giving the following information:

Model 26 has sales of 150 units with a contribution margin of $50 each.

To calculate the effect on income, we need to use the following formula:

Effect on income= number of units*unitary contribution margin

Effect on income= 50*50= $2,500 increase

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Harold Manufacturing produces denim clothing. This year, it produced 5,000 denim jackets at a manufacturing cost of $45 each. Th
saw5 [17]

Answer:

ALTERNATIVE 1 $30,000

ALTERNATIVE 2 $28,000

ALTERNATIVE 3 $33,000

Explanation:

Calculation for the incremental income

ALTERNATIVE 1 Sell as it is

Incremental revenue $30,000

(5,000*$6)

Incremental costs $0

Incremental Income $30,000

ALTERNATIVE 2 Disassemble and sell to recycler

Incremental revenue $60,000

(5,000*$12)

Incremental costs $32,000

Incremental Income $28,000

ALTERNATIVE3 Rework and turn into good jackets

Incremental revenue $135,000

(3,000*$45)

Incremental costs $102,000

Incremental Income $33,000

Therefore based on the above calculation the company should choose ALTERNATIVE 3 of the amount of $33,000

4 0
3 years ago
Jessica’s credit card is on a 30-day billing cycle, and it computes finance charges using the adjusted balance method. The follo
Tom [10]

The adjusted balance of Jessica for the month of October is $ 1033.76. In this method, monthly payment is deducted from the unlock balance, and purchase is not included in the balance.

<h3>What is the adjusted balance method?</h3>

With the adjusted balance method, the credit card company starts with the balance from the end of the last payment cycle and withdraws any payments made, and adds any credits sent to the account during the current cycle.

In the given information, to calculate the adjusted balance we will deduct the payments made from the beginning balance and ignore the purchases made for the month:

= \$\,1,240.55 - \$\,75.00 - \$\,131.79\\\\= \$\,1033.76

Hence, The correct answer is Option B.

To learn more about adjusted balance method, refer to the link:

brainly.com/question/11355738

7 0
2 years ago
B.F. Goodrich has been manufacturing and marketing automotive tires for over one hundred years. It spends much of its marketing
hjlf

Answer:

maturity

Explanation:

Based on the information provided within the question it can be said that the tires are in the maturity stage of their product life cycle. This is the longest stage in the product life cycle in which the introduction and growth stages has already passed and the product advertisements have minimal impact on sales since people have already seen the product. This seems to be the case since Goodrich has sold it's tires for more than a hundred years and only focuses on short term marketing.

8 0
3 years ago
The name of the budget that plans for how the business will run until it becomes self-sustaining, I.e. until it begins to make
amm1812

Answer:

start-up is the correct answer.

6 0
2 years ago
a. government control of the market.b. market forces working through the price mechanism.c. the money supply that serves to keep
Sergeu [11.5K]

Complete Question:

The "invisible hand" using Adam Smith's terminology refers to

a. government control of the market.

b. market forces working through the price mechanism.

c. the money supply that serves to keep the economy working smoothly.

d. the role of innovation in maintaining a steady rate of growth.

e. "behind-the-scenes" policy making to influence how markets allocate scarce resources.

Answer:

The "invisible hand" using Adam Smith's terminology refers to  Market forces working through the price mechanism.

Explanation:

The invisible hand is the in observable market force, which helps demand and delivers goods automatically to balance in a free market.

Description: In his book ' The Wealth of Nations ' Adam Smith implemented the phrase of the invisible hand.

An invisible hand that defines the processes through which favorable social and economic effects that emerge out of the self-interested behaviors obtained by individuals, who have no intention of producing such results. The term developed by the eighteenth-century British philosopher and economist Adam Smith.

5 0
3 years ago
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