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3 years ago

To promote economic growth countries would most likely act so that inflation

1 answer:

4 0

To promote economic growth, countries would most likely act so that inflation : Remain at low level.

High inflation could potentially rise the average prices of the products within the country. In order to grow, people have to able to sustain a strong financial condition, so a condition where average prices is low is far more favourable.

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What is the formula to calculate gross profit

Mama L [17]

Explanation:

a. net sales less cost of goods sold

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales

3 0

3 years ago

Henderson Co. has fixed costs of $36,000 and a contribution margin ratio of 24%. If expected sales are $200,000, what is the mar

Studentka2010 [4]

Answer:

25%

Explanation:

the margin of safety is the percent of sales which the company is above the break even point.

We solve for the break even point:

$\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}$

$\frac{36,000}{0.24} = Break\: Even\: Point_{dollars}$

BEP = 150,000

We solve for the margin of safety:

$ 200,000 - $ 150,000 = $ 50,000

Now we compare against our sales:

$ 50,000 / $ 200,000 = 0.25

5 0

3 years ago

Ace Deliveries, a courier service provider, built a strong reputation over a short period of six months. Inundated with customer

marysya [2.9K]

Answer:

both revenue-oriented and operations-oriented

Explanation:

revenue-oriented pricing can be understood the strategic price level that the producers set to maximize the amount of profit they earn. As it can be seen from the given passage, the company starts noticing more about the earnings, so that they decided to cut down on the discount offering to the customers and set higher price. By that, it can help raise the revenue of the company.

Meanwhile, operations-oriented pricing is price strategy that the company adopts to optimize productive capacity as well as the efficiency of the manufacturing procedure. This is indicated in the actions of expanding fleet of vans and enlarge delivery networks of the company to raise the productivity.

6 0

3 years ago

Exercise 13-09 On December 31, 2020, Sage Company has $7,044,000 of short-term debt in the form of notes payable to Gotham State

sasho [114]

Answer:

Explanation:

The preparation of the partial balance sheet for Sage at December 31, 2020 is presented below

NASH COMPANY

Partial Balance Sheet

At December 31, 2020

Current liabilities

Notes payable $3,176,480

Long term debt

Note payable refinanced in the year 2021 $3,867,520

The computation is shown below:

For note payable i.e shown in the current liabilities is

= $7,044,000 - $6,043,000 × 64%

= $3,176,480

And, the refinanced note payable is

= $6,043,000 × 64%

= $3,867,520

6 0

3 years ago

The Shirt Company manufactures shirts in two departments: cutting and sewing. The company allocates manufacturing overhead using

Degger [83]

Answer and Explanation:

1. The computation of predetermined OH allocation rate is shown below:-

Predetermined OH allocation Rate = Estimated overhead cost ÷ Estimated Direct labor hours

= 200,000 ÷ 100,000

= 2

2. The computation of the amount of OH allocated in June is shown below:-

Amount of OH allocated in June = Actual Direct labor hours × Overhead allocation Rate

= 15,500 × 2

= 3,100

3. The computation of predetermined OH allocation rates for each department is shown below:-

Overhead allocation Rate Estimated overhead costs ÷ Estimated Direct labor hour

For Cutting Dept = 259,600 ÷ 118,000

= 2.2

For Sewing Dept = 513,000 ÷ 190,000

= 2.7

4. The computation of the total amount of OH allocated in June is shown below:-

Amount of overhead allocated in June

= Machine hours × Predetermined OH allocation rate

For Cutting Dept = 13,000 × 2.2

= 28,600

For Sewing Dept = 7,000 × 2.7

= 18,900

5 0

3 years ago