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klemol [59]
2 years ago
8

Jakarta Company is a service firm with current service revenue of $500,000 and a 40% contribution margin. Its fixed costs are $8

0,000. Maldives Company has current sales of $6,620,000 and a 50% contribution margin. Its fixed costs are $2,151,500. A. What is the margin of safety for Jakarta and Maldives
Business
1 answer:
Lady_Fox [76]2 years ago
7 0

Answer and Explanation:

The computation of the margin of safety is shown below:

As we know that

margin of safety = Actual sales - break even sales

For Jakarta, it is

= $500,000 - ($80,000 ÷ 0.40)

= $500,000 - $200,000

= $300,000

And, for maldives, it is

= $6,620,000 - ($2,151,500 ÷ 50%)

= $2,317,000

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The sales volume variance is the difference between the: A. static budget (based on planned volume) and actual revenue or cost.
Luda [366]

Answer:

The correct answer is the option A: static budget (based on planned volume) and actual revenue or cost.

Explanation:

To begin with, the name of "Sales volume variance" refers to a method used in the business and accounting field with the main purpose of obtaining the comparison between the planned sales and the actual sales. It does it by stating that the difference between those two multiply by the budget price of the product will result in the variance itself. The goal of this method is to measure the sales performance and to see if there are no mathces with the expected revenues then the company has to take a lead and do something about it.

5 0
2 years ago
Janice Coleman is a team leader at Jackson Equipment. She has been promoted several times over the past five years and her perfo
maks197457 [2]

Answer:

B

Explanation:

Janice Coleman is a team leader at Jackson Equipment. She has been promoted several times over the past five years and her performance evaluations are outstanding. One of the vice presidents at Jackson has been very friendly to Janice and has served as her mentor. He has also been asking her to go out with him for the past 2 years. She has declined and the vice president has recently suggested that she could be an area supervisor if he became her advocate with the management team. He has indicated he would be willing to do so if they began a personal relationship. Janice does not agree to the relationship and is promoted to area supervisor. Janice has filed a complaint of sexual harassment with the EEOC. Janice has a case for atmosphere of harassment.

Even though Janice got the promotion the vice president created an atmosphere of harrasment by trying to give her a promotion with a condition. His intentiins is what matters here as well as giving her a condition for a promotion even though she eventually got the position. He stirred up the atmosphere for harrasment.

3 0
3 years ago
Because of their relatively small national economies, which of the following is most likely considered to be the most important
BARSIC [14]

Answer:

which of the following is most likely considered to be the most important factor for Belgiom, Korea and Canada to take full advantage of specialization?

b. international trade

Explanation:

In general, an economy can be defined as a set of activities that lead to the production and consumption of goods and services that utilize limited resources. An economic system serves to meet the needs of the individual operating in that economy, whether it is production or consumption needs. There are many factors that determine how big or small an economy is, the factors include; culture, laws, history, population, geographical location and other factors that cause necessity. A big economy can be defined as an economy where the amount of economic activities including the production and consumption of goods is at a high level as compared to other economies. On the contrary, a small economy is one whose production, consumption and trading activities is at a relatively low level. We will consider small economies.

Small national economies are countries whose production and consumption levels on a national scale are relatively small. Examples of such countries include; Belgium, Korea and Canada. Since the necessity for production or consumption is not that big, the best factor for specialization is international trade. Small economies can boost their growth by specializing on international trade to increase their market shares in other countries.

8 0
2 years ago
On August 15, we purchased equipment for $5,000. We paid $1,000 down with the remainder to be paid later. What account(s) would
vodka [1.7K]

Answer:

a. Cash and accounts payable

Explanation:

The journal entry to record this given transaction is shown below:

Equipment A/c Dr $5,000

       To Cash A/c $1,000

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(Being the equipment is purchased for cash and on account)

Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account

6 0
3 years ago
Read 2 more answers
Jack enters into a contract with Jill’s Farm to provide water for Jill’s irrigation needs. Jack fails to deliver. Jill initiates
ivann1987 [24]

Answer:

C) the Defendant

Explanation:

From the question, We are informed about how Jack enters into a contract with Jill’s Farm to provide water for Jill’s irrigation needs, and how Jack fails to deliver. Jill initiates a suit against Jack, asking the court to order Jack to perform. In this case Jill is a Defendant. In a lawsuit, there will always be a defendant and a plantiff, the defendant is the party that is sued, while the plantiff is the party that raise the lawsuit. However, couter-complaint is allowed to be filed by the defendant against the plantiff if he/she want. Therefore Jill is the defendant here while Jack is plantiff.

3 0
3 years ago
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