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3 years ago

What is the routine business of fmcg

Business

1 answer:

pantera1 [17]3 years ago

5 0

Answer:

ast-moving consumers goods are nondurable products that sell quickly at relatively low cost. FMCGs have low profit margins, but they account for more than half of all consumer spending. Examples of FMDBs include milk, gum, fruit and vegetables, toilet paper, soda, beer, and over-the-counter drugs like aspirin.

Explanation

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Presented below is information related to Wise Company at December 31, 2017, the end of its first year of operations.

Elenna [48]

Answer and Explanation:

The computation is shown below:

Sales revenue $775,000

Less: Cost of goods sold 350,000

Gross profit 425,000

Less: Selling administrative expenses 125,000

Income from operations 300,000 (a)

Income from operations

Other revenues and gains

Add: Gain on sale of plant assets 75,000

Other expenses and losses

Income before other expenses and losses 375,000

Less: Interest expense 15,000

Income from continuing operations 360,000

Less: Loss on discontinued operations (30,000)

Net Income 330,000 (b)

Net income

Less: Allocation to noncontrolling interest (100,000)

Net income attributable to controlling shareholders $230,000 (c)

Net income $330,000

Add: Unrealized gain on available-for-sale investments 25,000

Comprehensive income $355,000 (d)

e. Retaining earnings opening balance $0

Add: Net income $330,000

Less: Dividends (12,000)

Closing Retained earnings $318,000 (e)

7 0

3 years ago

Suppose that the equilibrium wage for teachers in Michigan is $15/hour. Also suppose that Michigan raises its minimum wage to $1

expeople1 [14]

Answer:

a) lower than

decrease

Surplus

Explanation:

The question isn't complete. Here is the full question:

Suppose that the equilibrium wage for teachers in Michigan is $15/hour. Also suppose that Michigan raises its minimum wage to $18/hour. Because the equilibrium wage for teachers is (a) lower than or higher than the new minimum wage, we would expect the number of teachers employed to (b) increase, decrease, or stay the same at the new minimum wage. there will be (c) a shortage, a surplus, or no change in the number of teachers.

The equilibrium wage ($15) is less than the new minimum wage ($18).

As a result of this, it would become more expensive for schools to hire teachers, as a result the demand for teachers would fall. This is in line with the law of demand which states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Also, because the minimum wage is above the Equilibriium price , the supply of teachers would increase. This would lead to a surplus in the number of teachers. This is in line with the law of supply which states that the higher the price, the higher the quantity supplied and the lower the price , the lower the quantity supplied.

I hope my answer helps you

8 0

3 years ago

The Federal Reserve's organization:

damaskus [11]

Answer: 1. Five

2. Making decisions regarding monetary policy.

3. Open market operations, buy

Explanation:

The Federal Open Market Committee usually meet eight times a year in Washington. The voting members are members of the Federal Reserve Board of Governors but only five of the president of the regional banks are members.

The Federal Open Market Committee is the Federals monetary policy making body. The Committee is responsible for the formulation of policies that are designed to promote economic growth and price stability. The country's money supply is managed by the Federal Open Market Committee.

In order to increase the number of dollars available in the economy of the United States, the Federal Reserve will purchase government bonds using the open market operations. When the Federal reserve buys bonds, there is more money available in the economy.

7 0

3 years ago

I really am the only one with a Simpsons pfp

natima [27]

Answer: The moon was 20 farms away from earth so If I ate a couch then went to my treadmill outside of my cow, I could add the letter Grammar to my checklist.

Explanation: You see, If there was a man who had no arms or legs he would be walking with his feet right? SO If I added chickens to my head and ate the Eifel tower am I 50% a chocolate bar. Hope this helps

ALSO YOU ARENT

3 0

3 years ago

Read 2 more answers

David Company has plans to produce 100,000 units of Product A and 200,000 units of Product B. The planned results of a month's o

alexandr402 [8]

Answer:

Break-even point= 114943 units

Product A: 77012 units

Product B: 37931 units

Explanation:

Giving the following information:

David Company has plans to produce:

Product A: 100,000 units.

Product B: 200,000 units.

Sales revenue:

Product A= 100,000*1.20= $120,000

Product B= 200,000*0.40= $80,000

Total= $200,000

Varable expense=

Product A= 0.60*100,000= $60,000

Prodcut B= 0.30*200,000= $60,000

Total= $120,000

Contribution Margin= $80,000

Fixed costs= $50,000

Net Income= $30,000

The formula of the break-even point with multiple products is:

Break-even point= Total fixed costs/ (weighted average selling price/ weighted average variable expenses)

First, we have to calculate the sales percentage of individual products in the total sales mix.

Total sales= 300,000 units

A: 200,000/300,000= 0.67

B:100,000/300,000=0.33

Weighted average selling price= (Sale price of product A × Sales percentage of product A) + (Sale price of product B × Sale percentage of product B)= (1.20*0.67)+(0.40*0.33)= $0.936

Weighted average variable expenses= (Variable costs of product A × Sales percentage of product A) + (Variable costs of product B × Variable expenses of product B)= (0.60*0.67) + (0.30*0.33) = $0.501

Now, we can calculate the break-even point:

Break-even point= 50,000/(0.936-0.501)= 114943 units

Product A: 0.67*114943= 77012 units

Product B: 0.33*114943= 37931 units

6 0

3 years ago