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3 years ago

Use the hypothetical data in the table to answer the questions.

Business

1 answer:

nalin [4]3 years ago

8 0

Solution:

1. The average snowfall in cincinnati over this period was 28 inches.

In the city cincinnati, snowfall (inches) in january and february is 18 and 38 respectively :

Average snowfall = {18+38}/{2} = 28 inches

2. If the march data on snowfall is above the average (i.e 28 inches), The monthly average will rise.

If the march data on snowfall is above the average snowfall in January and February (i.e 28 inches), the monthly average will rise because, any snowfall data in march which is greater than 28 inches will lead to rise in monthly average.

For e.g , suppose, If we consider snowfall (inches) in march is 30 inches, than monthly average is :

Monthly average snowfall= {18+38+31} / {3}= 29 inches

which is greater than 28 inches.

Therefore, If the march data on snowfall is above the average (i.e 28 inches), The monthly average will rise.

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Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufact

Mice21 [21]

Answer:

• One firm to have left.

• At least one will be suffering.

Explanation:

There are four companies in this scenario which means that demand should at least be 4 times the production for all of them to sell.

With demand at only 2.5 times, at least one company will not be selling enough cars to survive in the industry so they will exist.

Another one will stay but will face tough times because a demand of 2.5 times production will not be enough to Carter or three companies.

7 0

3 years ago

Trial courts determine if a will is valid or not. O True O False

andreyandreev [35.5K]

Answer:

A valid will has to be in writing, and signed by the testator in the presence of two witnesses, who must also attest the will. If the process is not followed to the hilt, the will can be challenged in the court of law. So the answer is true.

8 0

3 years ago

Assume that sales are predicted to be $4,000, the expected contribution margin is $1,720, and a net loss of $280 is anticipated.

Alexeev081 [22]

Answer:

e) $4,651

Explanation:

The break-even point is the level of activity that a company must operate to have its total cost equal to its total revenue. At this level of activity, the business makes a zero profit, as the total contribution is exactly the same as the total fixed cost.

It is important for the business to have an idea of the number of customers or units of product to sell inorder for it to cover its total fixed cost. This is the information the break-point analysis seeks to provide.

Working it out

Break-point in sales = Total General fixed cost/ Contribution margin ratio

Contribution margin ratio (CMR): Contribution is sales less variable costs. And the contribution margin ratio is the proportion of sales that is earned as contribution. The higher the better.

CMR = contribution/sales

Fixed cost = Contribution + net loss

We can now apply all these relationships to the question given:

Fixed cost = 1720 + 280

= 4,000

Contribution margin ratio = 1720/400 = 43%

Break-even sales ($) = 4000/0.43

= $4,651

3 0

3 years ago

During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of

AleksandrR [38]

Answer:

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

Explanation:

given data

credit sales = $620,000

accounts receivable = $320,000

past due = $55,000

credit balance = $2,600

rate = 7 %

rate = 22 %

solution

so here Not yet past due is = $320,000 - $55,000 -

Not yet past due = $265,000

and

past due = $55,000

so Required provision is

Required provision = $265,000 × 7 % + $55,000 × 22 %

Required provision = $30650

and

Opening balance is $2,600

Required expense for year = $30650 - $2,600

Required expense for year = $28050

so here

correct entry is

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

8 0

3 years ago

One function of a firm to its employees is to provide them with proper working conditions and pay them accurate wages and salari

Juliette [100K]

Answer:

true

Explanation:

6 0

3 years ago

Read 2 more answers