1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paha777 [63]
3 years ago
6

A firm is considering adding a second secretary to answer phone calls and make appointments. The cost of the secretary will be $

10/hour and she will work 200 hours each month. If each new client adds $400 of profit to the firm, how many clients must the secretary arrange for the firm to break even?
Business
1 answer:
VikaD [51]3 years ago
3 0

<u>Solution and Explanation:</u>

<u>The following method will be used </u>

The total cost of the firm = 10 multiply with 200 = $2,000

The Profit per client = $400

Let x be the no of clients required for break even. At break-even point,

The total profit = The total cost

 400x = 2,000, The value of x is to be calculated

We get, x = 2,000 divided by 400 = 5 clients

Hence, secretary should arrange 5 clients to break even.

You might be interested in
U.S. appliance manufacturers find that different customs about shopping must be used to determine product design. For instance,
kvv77 [185]

Answer:

U.S. appliance manufacturers would be more likely successful if they used a <u>Transnational</u> marketing strategy

Explanation:

Transnational marketing strategy is a more personalized approach to selling and marketing with target customers need, shopping preferences and specifications put into consideration in the designing of the goods and services.

This strategy applies to the U.S. appliance manufacturers selling to different countries.

Therefore, people in Northern Europe who shop only once a week will be presented with bigger refrigerators while Southern Europeans who shop daily can opt for smaller ones.

7 0
3 years ago
Excess return portfolio performance measures
Crank

Answer:

The answer would be E

Explanation:

Excess return, also known as alpha, is a measure of how much a fund has under or outperformed the benchmark against which it is compared.

metric allows investors to compare sets of funds against each other, in order to see which fund has generated greater excess returns.

8 0
3 years ago
Given below is a numbered list of cost terms. For each of the definition statements that follow, place the number of the cost te
leva [86]

Answer:

The correct answers are the following:

a - 4 Sunk

b - 5 Opportunity

c - 3 Fixed

d - 2 Variable

e - 6 Incremental

f - 1 Recurring

g - 7 Direct

h - 8 Non-recurring

Explanation:

a) <em>Sunk costs</em> are those that have already occurred in the past and they can not be recovered again so therefore that they are not relevant at the time of taking decisions regarding the futue.

b) <em>Opportunity costs</em> are those that try to measure and show the sacrifice done at the time of making a decision when that sacrifice represents the best second option that the person could have done.

c) <em>Fixed costs</em> are those that are always the same amount and do not change with the activity level of the production of the company.

d) <em>Variable costs</em> are those that do change with the amount of activity level that the company has during the production process.

e)<em> Incremental costs</em> are those that increase the cost level of the production while the output level increases as well, so they are a concept on the margin.

f) <em>Recurring costs</em> are those that tend to repete continously in the production process so the company already know how much the amount of the cost is.

g) <em>Direct costs</em> are those that the company associates with the production process regarding the commodities and all the primary sources that are needed to produce the good and therefore that they impact directly in the production and in the cost of the final product.

h) <em>Non-recurring</em> costs are those that the company are not familiar with due to the fact that they do not repete often and therefore tend to happen once in a while.

4 0
3 years ago
Fernandez Company had an accounts receivable balance of​ $150,000 on December​ 31, Year 2 and​ $175,000 on December​ 31, Year 3.
Mars2501 [29]

Answer:

The amount collected from customers on accounts receivable during year 3 is $535,000.

Explanation:

Cash received from accounts receivable = Opening balance of AR + Credit Sales - Bad debts written off - Closing balance of AR.

  • The opening balance for year 3 account receivables was 150000.
  • Credit Sales = 600000
  • Bad debts = 40000
  • Closing Balance = 175000

We can solve this question either by making a T account for accounts receivable or using the equation given above.

Cash = 150000 + 600000 - 40000 - 175000 = $535000

4 0
3 years ago
Read 2 more answers
In 2017, Oriole Corporation reported net income of $1,004,700. It declared and paid preferred stock dividends of $278,600. Durin
nexus9112 [7]

Answer:

$3.62

Explanation:

The dividend distributed to common share = total net income - dividend for preferred stock

=  $1,004,700 -  $278,600

=  $726,100

Earnings per share (EPS) = The dividend distributed to common share / common shares outstanding

= $726,100/ 200700

= $3.62

4 0
3 years ago
Other questions:
  • Ms. Aura is a psychic. The demand for her services is given by Q-2000 10P, where Q is the number of one-hour sessions per year a
    9·1 answer
  • After the physical inventory is completed, unit costs are determined by dividing the quantities on the summary sheets by the tot
    6·1 answer
  • Explain the night life of florida​
    12·1 answer
  • Rolfes Company purchased merchandise on account from a supplier for $7,500, terms 1/10, n/30. Rolfes Company returned $1,200 of
    7·1 answer
  • Zurasky Corporation is considering two alternatives: A and B. Costs associated with the alternatives are listed below: Alternati
    10·1 answer
  • Which of the following are NOT included in the formal financial analysis of a capital budgeting program?
    12·1 answer
  • Imagine that you have saved $1,000. You would like to do something with the money so that, in a few years, you have a down payme
    7·1 answer
  • 1. Which Response core capability involves ensuring the capacity for timely communications in support of security, situational a
    6·1 answer
  • The following data for a production department relate to two accounting periods:
    6·1 answer
  • Suppose the U.S. foreign assets are 67 percent of the U.S.​ GDP, and the U.S. foreign liabilities are 95 percent of the U.S. GDP
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!