Integrity is more important as this identifies an individuals qualities and principles of being honest, fairness and having strong morals to carry out a task ethically
With integrity comes trustworthiness of an individual as they will always do the right thing if they have integrity as a principle in life
Answer:
$65,000
Explanation:
The total cost of the additional order will be $46,000 of fixed costs and an additional $160 of variable costs for each of the 370 bikes. The additional production cost is:
If each bike is going to be sold for $460, then the additional income (excluding taxes) from accepting this order is:
Radar's additional income is $65,000.
The more information an entrepreneur acquires during the process of feasibility analysis, the higher the chance that his or her predictions will be close to the mark, risk will be reduced, and uncertainty managed.
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Explanation:</u></h3>
The study or examination about the extent to which the proposed idea will be practical and can be achieved at an economic manner refers to the feasibility study. In business it is very essential to decide whether to take up a project or not. It also helps in narrowing the project and plan accordingly.
It also helps in making predictions about whether the expected results can be attained from a particular idea or a project. Thus during the feasibility study the entrepreneur must obtain as much information as possible as it helps him in the evaluation of risks, uncertainties and other related things.
Answer:
The contribution margin and the contribution ratio is $0.90 and 50% respectively.
Explanation:
The formula to compute contribution margin per package is shown below:
Contribution margin = Selling price per package - variable expense per package
= $1.80 - $0.90
= $0.90
And, the formula to compute contribution ratio is shown below:
= (Contribution per package ÷ selling price per package) × 100
= ($0.90 per package) ÷ ($1.80 per package) × 100
= 50%
Answer:
$2,857
Explanation:
Cost of goods sold (COGS) refers to the relevant cost incurred to acquire or produce the products being sold a company during a particular period.
The formula for calculating the COGS is as follows:
COGS = Beginning inventories + Purchases - Ending inventories
From the question, we have the following for 2012:
Beginning stock = $590
Purchases = $2,770
Ending inventory = 503
Therefore, we have:
COGS for 2012 = $590 + $2,770 - $503 = $2,857
Therefore, Jacob should record $2,857 as Cost of Goods Sold (COGS) on its 2012 income statement.
