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Paraphin [41]
3 years ago
14

Use this formula to help solve the problem.

Business
1 answer:
Sindrei [870]3 years ago
7 0
$2,000 i think it is
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The _____ directs managers to maximize profit and shareholder wealth and recognizes only legal limitations on the pursuit of pro
WINSTONCH [101]

Answer:

The economic model of corporate social responsibility (CSR)

Explanation:

The <u>economic model of corporate social responsibility</u> directs managers to maximize profit and shareholder wealth and recognizes only legal limitations on the pursuit of profit.

3 0
3 years ago
What is a realistic goal
Paha777 [63]

Answer: a SMART goal

Explanation:

6 0
3 years ago
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Appliance Possible Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the president of AP wants t
joja [24]

Answer:

Appliance Possible Inc. (AP)

a) Flexible Budgets for productions level:

i) Production level of 90,000 units:

Unit variable cost = $13 $(7+4+2)

Total Variable Costs = 90,000 x $13 = $1,170,000

Fixed Costs = $225,000

Total Costs = $1,395,000

ii) Production level of 105,000 units:

Total Variable costs = 105,000 x $13 = $1,365,000

Fixed Costs = $225,000

Total Costs = $1,590,000

iii) Production level of 120,000 units:

Total Variable costs = 120,000 x $13 = $1,560,000

Fixed Costs = $225,000

Total Costs = $1,785,000

b) If AP sells the toaster ovens for $18 each, to make a profit of $309,000 before taxes, units to be sold are:

Break-even Point + Target Profit =  (Fixed Cost + Target Profit)/Contribution per unit

Contribution per unit = $18 - $13 = $5

= ($225,000 + $309,000)/ $5

= $534,000/$5

= 106,800 units

Explanation:

a) A flexible budget tries to change the level of output.  It is a technique used to assess performance under different volumes or activities.  It helps management to make the right decisions, given the fact that different levels of activity may call for different cost and revenue reflections.

b) To make a target profit, the fixed cost is added to the target profit and divided by the unit contribution.  This produces the number of units to be sold in order to achieve the target profit.

c) Contribution is the difference between the selling value and the variable costs.  It is the element that covers fixed costs and generates profit before taxes.

7 0
3 years ago
Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided th
g100num [7]

Answer:

$289,000

Explanation:

Predetermined overhead rate (Fixed) = Budgeted Fixed overhead cost / Budgeted hours

Predetermined overhead rate (Fixed) = 300,000/60,000

Predetermined overhead rate (Fixed) = $5 per hours

Applied Fixed overhead = Standard hours allowed × Predetermined overhead rate(fixed)

Applied Fixed overhead = 57,800 * $5 per hours

Applied Fixed overhead = $289,000

So, the fixed overhead applied to production during the period is $289,000

8 0
3 years ago
Distinguish between the features and benefits of getting a student loan and getting a grant or a scholarship.
Yuliya22 [10]

Student Loan:

  • borrowed money that needs to be repaid
  • part of credit history

Grant or Scholarship

  • given on the basis of financial need
  • Given based on academic achievement and financial need

The major difference between loans and scholarships is that loans will have to be repaid and scholarships do not.

5 0
3 years ago
Read 2 more answers
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