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oee [108]
3 years ago
14

If I am starting a restaurant and taking all the risk, I am a ________.

Business
1 answer:
elena55 [62]3 years ago
6 0

Answer:

Sole proprietor

Explanation:

Sole proprietorship is a form of business in which an individual or a single person owns, control and manages a business. Anybody who is into such kind of business is known as a sole proprietor.

One of the downsides of sole proprietorship is the fact that the owner takes all the risk of the business. In other words, if the business suffers or fails, it is the sole proprietor that would be affected because he/she is the only person in charge of the business.

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Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department fol
8_murik_8 [283]

Explanation:

Equivalent units    

                                             Materials         Labor           Overhead  

Work in process inventory,       23,100.00        34,650.00   34,650.00  

beginning

Units started and completed  6,73,000.00    6,73,000.00  6,73,000.00  

Work in process inventory,     28,000.00     14,000.00           14,000.00  

ending

Equivalent units                   7,24,100.00      7,21,650.00     7,21,650.00  

First department cost per unit for first department    

                        Materials   Labor       Overhead        Total  

Current costs    11,94,765.00     2,88,660.00   5,05,155.00   19,88,580.00  

Equivalent units  7,24,100.00   7,21,650.00   7,21,650.00  

Cost per Equivalent unit   1.65      0.40           0.70         2.75  

The equivalent units for materials,labor and overhead are as follows:

                 Equivalent units

Materials   724,000

Labor         721,650

Overhead  721,650

In addition,the cost per unit for equivalent units are as follows:

Materials  1.65

Labor        0.40

Overhead 0.70

Total          2.75

7 0
3 years ago
What is the origin of the term “to post” advertisements?
OlgaM077 [116]
The answer is A "Colonial merchants once nailed advertisements on posts in front of their stores." please marl me as brainliest
4 0
3 years ago
Read 2 more answers
Bobby Company has fixed costs of $160,000. The unit selling price, variable cost per unit, and contribution margin per unit for
V125BC [204]

Answer:

1,500 units; 1,000 units

Explanation:

Break Even Point (in units) = Fixed cost ÷ Contribution margin per unit

Fixed cost = $160,000

Sales Mix = 60% of X + 40% of Y

                = 0.6X + 0.4Y

So,

Contribution Margin of the Mix:

= (60% × contribution margin of X) + (40% × contribution margin of Y )

Contribution Margin of the Mix per unit:

= (60% × 80) + (40% × 40)

= 48 + 16

= $64

Break Even Point (in units) = Fixed cost ÷ Contribution margin per unit  

                                            = 160,000 ÷ 64

                                            = 2,500 unit

At the Level of break even :

Unit of X at break-even:

= 60% of 2,500

= 1,500 units

Unit of Y at break-even:

= 40% of 2,500

= 1,000 units

3 0
3 years ago
repare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the
Umnica [9.8K]

Question Completion:

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,509,000 567,040 941,968 1,036,000 $ (94,040) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division Central $389,000 $600,000 $520,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 27% 36% $283,000 $336,000 $203,000

Prepare a contribution format income statement segmented by divisions Division Total Company East Central West

The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 19%.

Answer:

Wingate Company

a. Contribution format income statement segmented by divisions

Division                            Total Company        East      Central        West

Sales                                   $ 1,509,000   $389,000  $600,000  $520,000

Variable expenses                   567,040      217,840      162,000      187,200

Contribution margin                 941,960     $171,160   $438,000   $332,800

Traceable fixed expenses      822,000  $283,000   $336,000  $203,000

Non-traceable fixed expense  214,000

Net operating income (loss) $ (94,040)   ($111,840)   $102,000  $129,800

b. If the marketing department's proposal is implemented, the net operating loss will decrease by $38,232, i.e from $94,040 to $55,808.

Explanation:

a) Data and Calculations:

Wingate's most recent monthly contribution format income statement:

Sales                                   $ 1,509,000

Variable expenses                   567,040

Contribution margin                 941,968

Fixed expenses                     1,036,000

Net operating income (loss) $ (94,040)

Additional information:

Division                                 Central       East          West

Sales                                   $389,000  $600,000  $520,000

Variable expenses as a

 percentage of sales                 56%           27%           36%

Traceable fixed expenses $283,000  $336,000 $203,000

Increase in Division West's fixed expenses by $25,000

Expected increase in Division West's sales = 19%

Contribution format income statement segmented by divisions

Division                            Total Company        East      Central        West

Sales                                   $ 1,509,000   $389,000  $600,000  $520,000

Variable expenses                   567,040      217,840      162,000      187,200

Contribution margin                 941,968     $171,160   $438,000   $332,800

Traceable fixed expenses      822,000  $283,000   $336,000  $203,000

Non-traceable fixed expense  214,000

Net operating income (loss) $ (94,040)   ($111,840)   $102,000  $129,800

Based on new proposal:

Contribution format income statement segmented by divisions

Division                            Total Company        East      Central        West

Sales                                   $ 1,607,800   $389,000  $600,000   $618,800

Variable expenses                  602,608      217,840      162,000    222,768

Contribution margin              1,005,192     $171,160   $438,000  $396,032

Traceable fixed expenses      847,000  $283,000   $336,000  $228,000

Non-traceable fixed expense  214,000

Net operating income (loss) $ (55,808)   ($111,840)   $102,000  $168,032

5 0
2 years ago
A company recently lowered its service performance from 99 percent product availability to 97 percent product availability. The
Degger [83]

Answer:

less than $1 million.

Explanation:

According to my research, I can say that based on the information provided within the question this next change is likely to save less than $1 million. We can predict this since the first change saved $1 million but was a reduction of 3%, the second change is a reduction of 2% so it will most likely not reach 1$ million in savings  

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
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