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DochEvi [55]
3 years ago
10

Western Airlines operates five flights daily between Chicago and Phoenix during the winter. One flight leaves Phoenix at 12:10 P

M. The plane, a Boeing 737, has a capacity of 120 passengers. During the past month, the flight has averaged only 24 passengers, a load factor of 20 percent. Once the plane takes off, the other 96 seats generate no sales and profits to the airline for that flight. What unique aspect of services does this situation describe
Business
1 answer:
8_murik_8 [283]3 years ago
8 0

Answer: idle production capacity

Explanation:

Idle capacity refers to the remaining amount of capacity that is left in a company when both the productive and the protective capacity have been removed from consideration.

Since the plane has a capacity of 120 passengers but he has averaged only 24 passengers, a load factor of 20 percent. Once the plane takes off, the other 96 seats generate no sales and profits to the airline for that flight, then the unique aspect of services does this situation describe idle production capacity.

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The utility created by making a product available at a location where customers wish to purchase it is called _________ utility
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Place utility is created by making a product available at a location where customers wish to purchase it.
6 0
3 years ago
Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her tale
Afina-wow [57]

Answer:

correct option is A. $450

Explanation:

we know that half the cost of the business meeting or the business meeting lunch or the dinner that is deductible even

and if the meal are associate with the active businessman or the sole proprietor then half the amount that is here  $900 tickets to the opera with client for meeting is deducted

so that is deducted =  \frac{900}{2}

deducted amount  = $450

so correct option is A. $450

5 0
2 years ago
Project evaluation from the ________ viewpoint serves some useful purposes and/but should ________ the ________ viewpoint.
Afina-wow [57]

Project evaluation from the <u>local</u> viewpoint serves some useful purposes and/but should <u>be </u><u>subordinated</u><u> to</u> the <u>parent's</u> viewpoint.

Project evaluation is the process of measuring the success of a project, program or a portfolio. The project evaluation process has been around as long as projects themselves.

In a project, every aspect of the project such as risks, costs, scope, or return on investment (ROI) is measured in order to determine if it’s proceeding as planned. Thus, it should be subordinated to the parent's viewpoint.

Hence, it requires the evaluator to gather important information to analyze the process and outcome of a certain project.

To learn more about Project evaluation here:

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7 0
1 year ago
Complete the balance sheet and sales information in the table that follows for J. White
deff fn [24]

Answer:

Sales $600,000

Cost of Goods Sold $450,000

Cash $28,000

Accounts payable $110,000

Accounts receivable $60,000

Inventory $120,000

Common Stock $140,000

Fixed Asset $192,000

Total Liabilities and equity $400,000

Explanation:

1.To compute the missing amount of sales, we must look for the data given that has something to do with sales. And the two data given that will give us the hint are the Asset turnover and the total asset.

ASSET TURNOVER = Net Sales / Total Asset

1.5 = Net Sales * $400,000

Net Sales = 1.5 * $400,000

Net Sales = $600,000

To check if the answer is correct:

$600,000 / $400,000 = 1.5 <em>which is equal to the data given</em>

<em />

2. The Sales has been computed above and Gross profit margin on sales is present, these are the hint we needed to compute the Cost of goods sold.

Sales  100%

<u>Less: Gross profit margin on sales 25%</u>

Cost of goods sold ratio on sales 75%

Therefore, $600,000 x 75% (ratio on sales) = $450,000

3.ACCOUNTS RECEIVABLE

It is impossible to compute the cash based on the data given without the accounts receivable. So, let's compute the accounts receivable beforehand.

The additional hint that we have is the Days sales outstanding (based on 365-day year).

  • Days sales outstanding = Accounts receivable / (Annual credit sales / 365 days)
  • 36.5 days = Accounts receivable / ($600,000 / 365)
  • Accounts receivable = 36.5 * ($600,000 / 365)
  • Accounts receivable = $60,000

<em>To check our answer:</em>

<em>$60,000 / ($600,000 / 365)</em>

<em>$60,000 / 1,643.84</em>

<em>36.5 days</em>

<em />

4. ACCOUNTS PAYABLE

Next missing item that we will compute is the accounts payable. The hint that we have that is related to the computation of accounts payable is the Liability to asset ratio.

FORMULA :

Liability to asset ratio = Total Liabilities / Total Assets

40% = Total Liabilities / $400,000

Total Liabilities = 40% * $400,000

Total liabilities = $160,000

To Check:

<em>$160,000 / $400,000 = 40% which is equal to the data given</em>

<em>Next Step, Compute accounts payable (the only current liability account in the given partial income statement). Long term debt is the only non-current liability on the data given, which means it is the only account that is included in the total liability of $160,000.</em>

<em />

So, $160,000 less $50,000 = $110,000 (accounts payable)

5. CASH

We can now compute the cash based on the accounts already computed above. The additional hint that we have is the quick ratio. Quick ratio is the quotient of Cash & cash equivalent plus Marketable securities (which is not present in the data given, therefore ignore) plus the accounts receivable over the current liability.

Computation:

0.80 = (Cash + Marketable security + Accounts receivable) / current liability

0.80 = (Cash + Accounts receivable) / $110,000

Cash + Accounts receivable = 0.80 * $110,000

Cash + Accounts receivable = 88,000

Cash + $60,000 = $88,000

Cash = $88,000 - $60,000

Cash = $28,000

6. INVENTORY

To compute the inventory, we need the inventory turn-over hint.

Inventory turn-over = Cost of goods sold / Average inventory

3.75 = $450,000 / Ave inventory

Average inventory = $450,000 / 3.75

Average inventory = $120,000

to check:

<em>$450,000 / $120,000 = 3.75 which is equal to the data given</em>

<em />

7. COMMON STOCK

Total asset = Liabilities + Equity

$400,000 = $160,000 +?

$400,000 - $160,000 = $240,000

Equity is composed of common stock and retained earnings. Therefore, $240,000 - $100,000 (Retained earnings) = $140,000 (common stock)

8. FIXED ASSET

It is the only asset account that is missing after we computed cash, accounts receivable and inventory. Therefore total assets less current assets equals fixed assets.

  • $400,000 - ($28,000 + $60,000 + $120,000)
  • $400,000 - $208,000
  • $192,000 (fixed assets)

9. TOTAL LIABILITIES AND EQUITY

Current liability + Non-current liability + Common stock + Retained earnings

$110,000 + $50,000 + $140,000 + $100,000

$400,000

6 0
3 years ago
Assume you short sell 100 shares of IBM common stock at $125 per share. If the initial margin is 70%, what is the amount that yo
zhuklara [117]

Answer: d) $8750

Explanation:

The Cash buffer is also the margin of the total value of the stock.

= Initial margin * Investment value

= 70% * (125 * 100)

= 70% * 12,500

= $8,750

3 0
3 years ago
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