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Luda [366]
3 years ago
7

Jen's dad sends her to the grocery store for a few last-minute dinner items. jen repeats the list of 10 items as she walks to th

e store, but can only remember the first and last three items when she gets there. she is unable to remember the four in the middle. why did she forget the four items in the middle of the list?
Business
1 answer:
zhannawk [14.2K]3 years ago
3 0

Serial-position effect is the tendency of a person to recall the first and last items in a series best, and the middle items worst.

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Narcisco Publications established the following standard price and costs for a hardcover picture book that the company produces:
Natali [406]

Answer:

Pro Forma Income Statement                                     30,000 units

Sales($90 * 30,000)                                                     $2,700,000

Minus Variable Costs                                                   $1,620,000

  - Direct Material ($18 *30,000)=540,000

 - Direct Labor ($9*30,000) =270,000

 - Overhead cost(12.60*30,000)=378,000

 - Selling and admin (14.40*30,000)=432,000

Contribution                                                                  $1,080,000

minus Fixed Costs                                                        $378,000

- Manufacturing costs = 270,000

 - Selling and admin cost = 108,000

Net Income                                                                   $702,000

FLEXIBLE BUDGET INCOME STATEMENT

                                                        29,000 UNITS          31,000 UNITS

Sales                                             $2,610,000                 $2,790,000

Minus Variable costs                   $1,566,000                 $1,674,000

Direct Material                             $522,000                    $558,000          

Direct labor                                  $261,000                     $279,000

Overhead cost                             $365,400                    $390,600

Selling and Admin cost               $417,600                     $446,400

Contribution                                 $1,044,000                 $1,116,000

Minus Fixed Cost                         $378,000                      $378,000

 - Manufacturing cost                  $270,000                      $270,000

 - Selling and Admin cost            $108,000                      $108,000

Net Income                                   $666,000                     $738,000

Details                                 30,000 Units              31,000 Units  Variance

Sales                                   $2,700,000                $2,790,000   $90,000 F

Direct Material                    $540,000                  $558,000      $18,000 U

Direct Labor                        $270,000                  $279,000      $9,000 U

Overhead cost                   $378,000                   $390,600      $12,000 U

Selling and Admin             $432,000                   $446,400      $14,400 U

Total                                                                                              $36,600 F

Explanation:

4 0
3 years ago
Geert Hofstede undertook what is probably the most famous study of how culture relates to values in the workplace. Through his r
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Answer:

a. Ming - Power Distance

b. Ben - Individualism and Collectivism

c. Elena - Uncertainty Avoidance

d. Jiro - Masculinity / Femininity

e. Bill - Time Orientation

Explanation:

Ming has shown characteristics of power distance as she considers herself to be superior of others. There is unequal distribution of power and Ming accepts it. Ben is more towards freedom and he does not want any one to interfere in his matters. Elena is a risk averse person who does not takes risk and follows the same routine everyday in order to avoid any uncertainty.

6 0
3 years ago
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for th
vlabodo [156]

Answer:

Via Gelato

Revenue and Spending Variances  For the Month Ended June 30 :

                                        Budget         Actual          Variances

Units sold                         6,200          6,400           200 Favorable

Revenue                          $179,200     $171,540       $7,660 Unfavorable

Expenses :

Raw materials                 $40,000      $40,530        $530 Unfavorable

Wages                             $26,400       $26,300       $100 Favorable

Utilities                            $14,750        $15,000        $250 Unfavorable

Rent                                 $4,200         $4,200           $0 Neither

Insurance                        $2,950         $2,950           $0 Neither

Miscellaneous                $13,290       $12,890          $400 Favorable

Total expense                $101,590      $101,870         $280 Unfavorable

Net operating income  $77,610       $69,670         $7,940 Unfavorable

Explanation:

a) Revenue budget = $28 x 6,400 = $179,200

b) Wages budget = $7,200 + $3.00 x 6,400 = $26,400

c) Utilities budget = $3,230 + $1.80 x 6,400 = $14,750

d) Miscellaneous = $810 + $1.95 x 6,400 = $13,290

These flexible budgets were calculated for Via Gelato since it measures its activity in terms of the total number of liters of gelato sold.  To obtain variances, items are compared on like terms.

3 0
3 years ago
Year 1 2 3 4 5 Free Cash Flow ​$22 million ​$26 million ​$29 million ​$30 million ​$32 million General Industries is expected to
RoseWind [281]

Answer:

$7.78

Explanation:

Calculation to determine what is General Industriesʹ expected current share price

First step is to calculate the FCF6

FCF6 = $32 million × (1 + 0.05)

FCF6= $33.6 million

Second step is to calculate the V5

V5 = $33.6 million / (0.09 - 0.05)

V5= $840 million

Third step is to calculate V0 using financial calculator

V0 = 652.45 million

Now let calculate expected current share price

P0 = $(652.45 + 15 - 45) million / 80 million

P0 = $7.78

Therefore General Industriesʹ expected current share price is $7.78

3 0
3 years ago
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