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Aleks04 [339]
3 years ago
15

Magic Realm, Inc., has developed a new fantasy board game. The company sold 16,400 games last year at a selling price of $70 per

game. Fixed expenses associated with the game total $246,000 per year, and variable expenses are $50 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 20,500 games next year (an increase of 4,100 games, or 25%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year
Business
1 answer:
olga nikolaevna [1]3 years ago
8 0

Answer:

feelsbad

Explanation:

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A profit maximizing monopoly's price is
DaniilM [7]

The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC.

8 0
2 years ago
In the context of the internal and external forces that affect business, which of the following is a difference between stable e
LiRa [457]

Answer:

d. In stable environments, the rate of environmental change is slow, whereas in dynamic environments, the rate of environmental change is fast.

Explanation:

In context of analyzing business environment, there are two forms of rate of change: stable and dynamic.

In stable environment, the rate of change is incremental i.e things change slowly. The movement from the present to the future is not rapid in a stable environment.  Management can make a safe prediction in a stable environment because what works today will likely work tomorrow. Example of a business in a stable environment is restaurant or food industry.

In contrast, rate of change in dynamic environment is monumental. Things change fast in dynamic environment. There is no safe prediction that works today will work tomorrow. In a dynamic environment, management has to keep up with this fast change by drafting a flexible strategic plan.

So option D is correct : In stable environments, the rate of environmental change is slow, whereas in dynamic environments, the rate of environmental change is fast

All options  are not fundamentally wrong in the context of the difference between a stable and dynamic environment.

6 0
3 years ago
Read 2 more answers
Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true?A) BBB bonds usu
Yanka [14]

Answer: US government bonds usually have the lowest yields in the bond markets.

Explanation:

Based on the understanding of bond ratings and bond-rating criteria, it should be noted that the US government bonds usually have the lowest yields in the bond markets.

The statement that "BBB bonds usually have the lowest yields in the bond markets" is incorrect.

7 0
3 years ago
What is the total stockholders' equity based on the following account balances? Common Stock $375,000 Paid-in-capital in excess
maks197457 [2]

Answer: $640,000

Explanation:

The total Stockholders Equity for a company is calculated by;

= Common Stock + Paid-in-capital in excess of Par + Retained Earnings - Treasury Stock

Treasury Stock reduces stockholder equity as the company bought the shares back from the stockholders.

= 375,000 + 90,000 + 190,000 - 15,000

= $640,000

8 0
4 years ago
Your boss has asked you to post a message on the company's internal blog, urging everyone in your department to donate money to
Bond [772]

Answer:

No because it's something u strongly believe in and are passionate about. sometimes it takes more than normal convincing to get a person's vote. Sometimes they need a few more facts or truth.

6 0
3 years ago
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