Answer:
Net income= $21,480
Explanation:
Giving the following information:
Raw materials used $ 17,600
Direct labor wages 33,600
Depreciation on production equipment 3,060
Rent on manufacturing facilities 4,060
Total manufacturing cost= 58320
Sales salaries and commissions 25,600
Administrative supplies and utilities 5,600
Sales revenue 111,000
Units produced 4,600
Units sold 4,600
In this case total manufacturing cost= cost of goods sold.
Income statement:
Sales= 111,000
COGS= 58320 (-)
Gross profit= 52,680
Sales salaries and commissions 25,600 (-)
Administrative supplies and utilities 5,600 (-)
Net income= $21,480
Answer:
social responsibility initiative
Explanation:
Based on the information provided within the question it can be said that in this scenario this is an example of a social responsibility initiative. This term refers to when companies take the initiative in order to create something that better helps society as a whole or the planet. Which Google seems to be doing both in this scenario, by providing free charging stations and lowering the worlds carbon emission.
Answer
356.75 ≅ 357 Clocks
Explanation
VC = Variable cost per clock = $6 per clock
SP = Selling price per clock = $24 per clock
TFC = Total Fixed Costs = $6,600
If the Variable Cost decreases by $0.50
the the new variable cost = = $6 - $0.5 = $5.5 per clock
Break-Even Point (Units) = Fixed Costs ÷ (Sales per Unit – Variable Cost per Unit)
= $6,600 ÷ ( $24 per clock - $5.5 per clock)
= 356.75 ≅ 357 Clocks
Answer:
If society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden. <u>FALSE.</u>
If society wishes to reduce pollution then the companies that are more efficient at reducing pollution should be the ones that reduce more. In other words, the companies that incur less cost when reducing pollution should reduce more pollution and those that incur more cost should reduce less.
Why are command-and-control approaches generally unable to target the firms that should undertake bigger reductions?
b. Command-and-control approaches often rely on uniform reductions among firms.
c. There is no incentive to reduce pollution beyond the mandated amount.
Command and control approaches usually use uniform reductions across firms so the firms that need to reduce more pollution are not targeted and end up reducing the same amount of pollution as others.
This problem can be surmounted by offering incentives to the companies that should reduce more pollution so that they reduce more than they are meant to but since no incentives are offered, these companies simply reduce what they are told to reduce and nothing more.
Answer:
$52
Explanation:
Data provided as per the question
Recent dividend = $2
Market rate of return = 8%
Growth Rate = 4%
(Its expected to increase so it will be (1 + 4%) = 1.4%
The computation of price is shown below:-
Price = Recent dividend × (1 + Growth rate ) ÷ (Cost of equity - Growth rate)
= ($2 × 1.04) ÷ (0.08 - 0.04)
= $2.08 ÷ 0.04
= $52