3 Is there any way to enjoy some small daily purchases and also make wise, long-term decisions when it

Why do corporations, companies, and government agencies use formal application forms?

Setler [38]

Answer:

due to the amount of employment requests , they need a uniform document to organize records and identify candidates' skills

Explanation:

8 0

3 years ago

Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $80 per unit. Variable expenses are $40.00 per

Blizzard [7]

Answer:

a. Degree of operating leverage is 1.23; and Percentage increase in net income is 23.37%.

b. Therefore, this year's net operating income would be $636,000 if the sales manager's ideas are implemented.

Explanation:

a. Assume the president expects this year's sales to increase by 19%. Using the degree of operating leverage from last year, what percentage increase in net operating income will the company realize this year?

The degree of operating leverage (DOL) refers to a metric used to gauge the amount by which the operating income of a firm will change as a result of a change in its sales. DOL can be calculated as follows:

Degree of operating leverage = contribution margin / net income = 960,000 / 780,000 = 1.23

From the DOL, the percentage increase in net income can can be determined as follows:

Percentage increase in net income = Degree of operating leverage * Expected percentage increase in net income = 1.23 * 19% = 23.37%

b. If the sales manager is right, what would be this year's net operating income if his ideas are implemented?

Note: This required part b is not complete. The complete requirement is therefore presented as follows:

The sales manager is convinced that a 13% reduction in the selling price, combined with a $72,000 increase in advertising, would increase this year's unit sales by 25%. If the sales manager is right, what would be this year's net operating income if his ideas are implemented?

The answer to par b is now provided as follows:

Initial sales in unit = Initial sales / Initial selling price = $1,920,000 / $80 = 24,000 units

This year's sales in unit = Initial sales in unit * (100% + percentage increase in sales) = 24,000 * 125% = 30,000 units

This year's sales = This year's sales in unit * [Old selling price * (100% - expected percentage fall in selling price)] = 30,000 * [$80 * (100% - 13%)] = $2,088,000

This year's operating income can now be determined as follows:

Feather Friends, Inc.

Income Statement (Variable Costing)

For this year

Particulars Amount ($)

Sales 2,088,000

Variable expense (30,000 * $40) (1,200,000)

Contribution margin 888,000

Fixed expense (180,000 + 72,000) (252,000)

Net operating income  636,000 

Therefore, this year's net operating income would be $636,000 if the sales manager's ideas are implemented.

5 0

3 years ago

An insured pays her Major Medical Insurance premium annually on March 1. Last March she forgot to mail her premium to the compan

zysi [14]

Answer:

Pay the claim and the accident occurred during the grace period

Explanation:

Grace period is the period or the set length of the time after the due date during that the payment is to be made without any penalty by the insurer or the person.

The grace period mostly is of 15 days and it is usually involves in the insurance contact and the mortgage loan.

So, in this case, the insurer forget to pay the premium but on march 19, she met with an accident and broke her leg, then the insurance company will be paying the claim as the accident happened during the grace period.

3 0

4 years ago

Question 13 of 20

KATRIN_1 [288]

Answer:

he answer is : He likely did not cite his research, and committed plagiarism. Todd's manager has asked him to write a report on ways to increase safety in the warehouse. Todd used the Internet to research statistics and recommendations for improving safety in the workplace. He feels like he pulled together a really strong document and that his manager will be pleased. However, when he is called into his manager's office, his manager is concerned and tells him that he has been unethical in his work. He likely did not cite his research, and committed plagiarism. It is the practice of taking someone else's work or ideas and passing them off as one's own.

Explanation:

5 0

3 years ago

Why do firms generally prefer to borrow funds to obtain long-term financing rather than issue shares of stock?

Juli2301 [7.4K]

The more firms get from obligation as opposed to issuing stocks, the more it can diminish the aggregate cost of capital in light of the fact that the enthusiasm from obligation is duty deductible which will help reduce the aggregate cost of capital. In any case, no firm can get from obligation everlastingly in light of the fact that, at one point in time, extra obligation financing will make the aggregate cost of capital increment rather than decline. So firms will get in view of their own enhanced capital structure to limit the aggregate cost of capital however much as could reasonably be expected. Also, in light of this upgraded capital structure, there is a point of confinement to how much a firm can keep getting from obligation.

4 0

3 years ago