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storchak [24]
2 years ago
5

A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from t

he sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer's average (arithmetic mean ) revenue per unit sold of these 2 products last year?
Business
1 answer:
Ganezh [65]2 years ago
6 0

Answer:

$18

Explanation:

Since the manufacturer sold twice as many units of Q than P, that means it at least sold 1 unit of P and 2 units of Q.

to determine the arithmetic mean (average) revenue per unit:

total revenue = P + 2Q = $20 + (2 x $17) = $20 + $34 = $54

arithmetic mean (average price) = $54 / 3 = $18

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andrezito [222]

Answer:

B. listing tasks

Explanation:

Time management tools help reduce time wastage and helps accomplish planned activities. Listing of tasks to be accomplished in a given time is one way of time management. tasks are listed in the order of priority. Each task is assigned its estimated completion time.

When listing tasks, it is important to indicate the person assigned to undertake each activity. Where possible, remainders should be set to assist in tracking progress.  

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2 years ago
A pay policy line Question 36 options: can be generated using a statistical method called regression analysis. can seldom provid
pentagon [3]

Answer:

A pay policy line <u>reflects the pay structure in the market, which always matches rates in the organization.</u>

Explanation:

A pay policy line is the salary level and organization chooses to pay its employees compared to the standard salary level in the market.

Organizations would prefer not to overpay or underpay their employees. Therefore they consider the standard pay structure of the market and match the amount they pay their employees to this structure.

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3 years ago
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to
docker41 [41]

Answer:

a. An analysis of WTI's insurance policies shows that $2,400 of coverage has expired.

Dr Insurance expense 2,400

    Cr Prepaid insurance 2,400

b. An inventory count shows that teaching supplies costing $2,800 are available at year-end.

Dr Teaching supplies expense 5,200

  Cr Teaching supplies 5,200

c. Annual depreciation on the equipment is $13,200.

Dr Depreciation expense 13,200

  Cr Accumulated depreciation: equipment 13,200

d. Annual depreciation on the professional library is $7,200.

Dr Depreciation expense 7,200

    Cr Accumulated depreciation: professional library 7,200

e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,500, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2016.

Dr Unearned training fees 5,000

   Cr Training fees earned 5,000

f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,000 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)

Dr Accounts receivable 4,500

   Cr Tuition fees earned 4,500

g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.

Dr Salaries expense 400

   Cr Salaries payable 400

h. The balance in the Prepaid Rent account represents rent for December.

Dr Rent expense 3,000

  Cr Prepaid rent 3,000

Wells Technical Institute (WTI)

Adjusted Trial Balance

                                                  Debit                  Credit

Cash                                        $34,000

Accounts receivable                $4,500

Prepaid rent                                $0

Teaching supplies                   $2,800

Prepaid insurance                   $9,600

Professional library                $35,000

Accumulated depreciation:                                 $10,000

Professional library

Equipment                              $80,000

Accumulated depreciation:                                $22,200

Equipment

Accounts payable                                               $39,200

Salaries payable                                                       $400

Unearned training fees                                         $7,500

Common stock                                                     $10,000

Retained earnings                                               $80,000

Dividends                               $50,000

Tuition fees earned                                             $128,400

Training fees earned                                            $45,000

Depreciation expense:            $7,200

Professional library

Depreciation expense:           $13,200

Equipment

Salaries expense                   $50,400

Insurance expense                  $2,400

Rent expense                         $36,000

Teaching supplies expense    $5,200

Advertising expense                $6,000

Utilities expense                    <u>   $6,400 </u>             <u>                  </u>

Totals                                      $342,700             $342,700

Wells Technical Institute (WTI)

Income Statement

For the year ended December 31, 2016

Revenue:

  • Tuition fees earned $128,400
  • Training fees earned $45,000                    $173,400

Operating expenses:

  • Depreciation expense $20,400
  • Salaries expense $50,400
  • Insurance expense $2,400
  • Rent expense $36,000
  • Teaching supplies expense $5,200
  • Advertising expense $6,000
  • Utilities expense $6,400                           <u>($126,800) </u>

Operating income                                                 $46,600

 

Wells Technical Institute (WTI)

Balance  Sheet

For the year ended December 31, 2016

Assets:                                                

Cash $34,000

Accounts receivable $4,500

Teaching supplies $2,800

Prepaid insurance $9,600

Professional library, net $25,000

Equipment, net $57,800

Total assets                                                         $133,700

Liabilities:

Accounts payable $39,200

Salaries payable $400

Unearned training fees $7,500

Total liabilities                                                      $47,100

 

Stockholders' Equity:

Common stock $10,000

Retained earnings $76,600

Total stockholders' Equity                                  <u>$86,600</u>

Total liabilities and equity                                  $133,700

Wells Technical Institute (WTI)

Statement of Retained Earnings

For the year ended December 31, 2016

Beginning balance January 1, 2016             $80,000

Net income                                                    <u>$46,600</u>

Subtotal                                                        $126,600

Dividends                                                     <u>($50,000) </u>

Ending balance December 31, 2016            $76,600

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3 years ago
all are the major steps described by the risk management framework to information and privacy risk management except for which o
Eddi Din [679]

The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.

<h3>What is Risk management?</h3>

The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.

In order to reduce, monitor, and control the likelihood or impact of unpleasant events or to optimize the realization of possibilities, risk management involves the identification, evaluation, and prioritizing of risks. This is followed by the coordinated and efficient use of resources.

By early risk identification, staff members can lessen the possibility and severity of prospective project risks. There will be a plan of action in place in case something does go wrong. Employees can do this to prepare for the unexpected and improve project results.

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