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Stels [109]
2 years ago
11

The total cost accumulated in the sales department using the reciprocal method is (calculate all ratios and percentages to 4 dec

imal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): $150,050. $142,471. $102,222. $122,402. $127,778.
Business
1 answer:
Mekhanik [1.2K]2 years ago
7 0

Answer:

$127,778

Explanation:

Calculation for total cost accumulated in the sales department using the reciprocal method

Direct operating cost$70,000

Acturial Cost allocated 24,000

Premium Ratings allocated cost 24,000

Acturial Cost allocated 6400

Premium Ratings allocated cost 2400

Acturial Cost allocated 640

Premium Ratings allocated cost 240

Acturial Cost allocated 64

Premium Ratings allocated cost 24

Acturial Cost allocated 6

Premium Ratings allocated cost 2

Acturial Cost allocated 1

Premium Ratings allocated cost 0

Total cost accumulated $127,778

Therefore total cost accumulated in the sales department using the reciprocal method is $127,778

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Peggy-Sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster, Inc., to come to work
Ivan

Answer:

Accounting profit $103,000

Economic profit(loss here) is -$64,000

She should rather take the job at Monster Inc as she is not enjoying an economic profit

Explanation:

In this question, we are asked to calculate the economic and accounting profits for Peggy-sue’s cookies. We proceed as follows;

Accounting profit(I.e profit without opportunity cost) = 250,000 - 80,000 - 22,000 - 40,000 - 5,000 = $103,000

The Economic profit(profit with opportunity cost) = Accounting Profit - opportunity cost

Let’s calculate the opportunity cost;

Opportunity cost = 160,000( her salary I’d she was working with Monster Inc) + 35,000 * 20%( her investment if she leaves the company) = 160,000 + 7,000 = 167,000

Her Economic Profit = 103,000 - 167,000 = -64 000( a loss in this case)

5 0
3 years ago
Read 2 more answers
Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 10 apple trees. However the 3 acres differ in
Alex17521 [72]

Answer:the opportunity cost of growing another apple tree is 2 orange trees

Explanation:

Opportunity cost represents the  value of cost  what must be given up toin order to obtain the best alternative.

Here Farmer Brain has 3 acres of land that can support 10 apple threes on each acre, and 30 orange tree on best acre, 20 on good acre and 10 oranges on bad acre.

that means he can grows 30 apples  on the 3 acres and 60 oranges at  on the 3 acres. giving us

the opportunity cost of growing an orange tree is

60 oranges ( 30+20+10)trees= 30 apples tress

1 orange tree = 30/60

1 orange tree=1/2 apples

therefore the opportunity cost of growing an orange tree is half apple tree, Also the opportunity cost of growing an apple tree is 2 orange trees

7 0
3 years ago
"___________________ are key to completing a full risk management plan, since the tolerances will determine which hazards may be
Margaret [11]

Answer:

Stakeholder's Tolerance Level.

Explanation:

Stakeholders' tolerance levels are key to completing a full risk management plan. This is because the tolerances are critical to determining which hazards need to be accepted and the ones to be limited. Basically, a stakeholder risk tolerance seeks to determine, assess and gauge the general level of risk an entity is willing to undertake and/or accept.

When an organization intends to do a project, for instance, varying reports including feasibility reports need to be come up with to assess the realization objective of the project. While coming up with this, an organization must assess its tolerance levels as to factors that may hinder the realization of the underlying goal.

There are often two categories of tolerance level. A high tolerance, and a low tolerance. A high tolerance in this instance would be more opened to factors that might put the project into high risk tendency. Whereas, the opposite is the low tolerance, as this is not opened to high risk tendency. However, to arrive at this, an organization will need to come up with a comprehensive management plan, detailing the risk levels, appetite and how aversive they could be in undergoing a given concern. Tolerance levels should be evaluated at critical decision making juncture. From the input, quality, performance, in process, and other essential line items. Tolerance level is set across all functions. This will thus form a general guide an organization intends to pursue.

4 0
3 years ago
On December 31, 1991, Jet Co. received two $10,000 notes receivable from customers in exchange for services rendered. On both no
aleksklad [387]

Answer:

Hart Corp.'s note should be reported at $10,000

Maxx Inc.'s note should be reported at $7,883

Explanation:

Interest bearing notes that represent current accounts (due within one year) should be reported at face value. Hart Corp.'s note is due in nine months, so it should be reported at = $10,000

Maxx Inc.'s note must be recorded at present value because it is due in 5 years.

FV = $10,000 x 1.03⁵ = $11,592.74

now we must determine its present value using an 8% discount rate:

PV = $11,592.74 x 0.680 = $7,883

3 0
3 years ago
Loretta is a product manager at a popular printing company. Though none of her small business clients have requested to print on
earnstyle [38]

.... She attempts to influence her clients to switch to printing on the new materials. This is known as a proactive type of approach

This is further explained below.

<h3>What is a proactive type of approach?</h3>

Generally, Proactive actions prepare for the future. Proactivity is a desired attribute in an individual, team, or organization. Reactive methods wait for the future to happen before acting.

In conclusion, "Loretta is a product manager at a popular printing company. Though none of her small business clients have requested to print on recycled paper, Loretta decides to stock some recycled paper products anyway because she sees this as an opportunity to increase her company’s reputation for sustainability. She attempts to influence her clients to switch to printing on the new materials." is a proactive type of approach

Read more about the proactive type of approach

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6 0
1 year ago
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