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Sedbober [7]
3 years ago
11

The following data (in millions) are taken from the financial statements of Target Corporation: Recent Year Prior Year Revenue $

72,618 $71,279 Operating expenses 68,083 66,109 Operating income $ 4,535 $ 5,170 a. For Target Corporation, determine the amount of change in millions and the percent of change (round to one decimal place) from the prior year to the recent year for: Revenue
Business
1 answer:
amm18123 years ago
3 0

Answer:

Amount of change in millions (Revenue) = $1,339 (Increase)

Percent of change = 0.08178 = 1.88 % (Approx)

Explanation:

Given:

                       Current   Previous  

Revenue  $72,618  $71,279

Find:

Amount of change in millions = ?

Percent of change = ?

Computation:

⇒ Amount of change in millions (Revenue) = Current year revenue - Previous year revenue

⇒ Amount of change in millions (Revenue) = $72,618 - $71,279

⇒ Amount of change in millions (Revenue) = $1,339 (Increase)

⇒ Percent of change = Amount of change in millions (Revenue) / Previous year revenue

⇒ Percent of change = $1,339 / $71,279

⇒ Percent of change = 0.08178 = 1.88 % (Approx)

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Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

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3 years ago
Management can make any form of distribution to the firm’s shareholders using the company’s free cash flow (FCF). The underlying
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Answer:

A good use of free cash flow is to Invest in nonoperating assets

Explanation:

Free cash flow (FCF) is a measure of how much cash a business generates after accounting for capital expenditures such as buildings or equipment. This cash can be used for expansion, dividends, reducing debt, or other purposes.

If the underlying objective is to maximize shareholder wealth by increasing the firm’s value. Any use of FCF that negatively affects the firm’s value is not considered a good use of the FCF.

A good use of FCF would be to invest in nonoperating assets such as marketable securities, investments in other companies, etc.)

3 0
3 years ago
A company's relevant range of production is 10,000 to 15,000 units. When it produces and sells 12,000 units, its unit costs are
DENIUS [597]

Answer:

Total indirect manufacturing cost= $75,450

Explanation:

Giving the following information:

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Fixed manufacturing overhead $ 5.00

<u>First, we need to calculate the total fixed manufacturing overhead:</u>

Total fixed overhead= 5*12,000= $60,000

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7 0
3 years ago
a company has net sales of $126,000, cost of goods sold of $72,000, operating expenses of $38,000, and other expenses of $3,000.
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Answer:

$13,000

Explanation:

Net income= net sales -net expenditure

in this case:

net sales=$126,000

net expenses =  $113,000 {COGS + operating exp.+other exp.}

Net income= $126,000-$113,000

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3 0
3 years ago
Hilliard Pharmaceuticals and Ahrens Vitamins, Inc., have high market commonality, both geographically and in the market segments
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Answer: C. Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Explanation:

Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Ahrens Vitamins and Hilliard Pharmaceuticals have high Market commonality. They operate in the same geographical area and their target market is the same, meaning an increase in Profits for Hilliard Pharmaceuticals is a decrease in profits for Ahrens Vitamins, an attack from Hilliard will ave severe consequences for Ahrens Pharmaceuticals as they compete for the same target market.

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