Answer:
45%
Explanation:
Given the following :
Sales unit = 64000
Sales revenue = $1,280,000
Direct materials and directly labor = $640,000
Other variable cost = $64,000
Fixed cost = $360,000
Contribution margin ratio:
(Sales revenue - variable expenses) / sales revenue
Total variable expenses = (Direct materials and directly labor + other variable expenses)
Total variable expenses = (640000 + 64000) = $704,000
Contribution margin ratio :
$(1,280,000 - 704,000) / $1,280,000
$576,000 / $1,280,000
= 0.45
0.45 * 100 = 45%
Answer:
Explanation:
a. The journal entries are shown below:
Accounts receivable A/c Dr $410,000
To Sales revenue A/c $370,000
To Unearned service revenue A/c $40,000
(Being the sale is recorded)
Cost of goods sold A/c Dr $300,000
To Merchandise inventory A/c $300,000
(Being inventory is sold at cost)
b. The recognized revenue would be
Sales revenue $370,000
Service revenue $20,000
Total revenue $390,000
The service revenue would be
= $40,000 × 3 months ÷ 6 months
= $20,000
And, the 3 months is computed from January 2 to March 31
Answer:
<em>The above statement is false.</em>
Explanation:
Max Weber claimed that if the staff actually did what they were told the company would do well.
He already presumed that large organizations would only be capable of functioning effectively if regulations and guidelines were developed, and that everyone accurately followed those regulations.
Answer:
The correct answer is 31 customers per day.
Explanation:
Consider the current capacity requirement as = x
Management wants to have a capacity cushion = 8%.
So the utilization is required = 100% - 8% = 92%
A process of currently services an average of 43 customers per day and utilization is 90%.
Expected Demand=70%= 70 ÷ 100 = 0.70
Current utilization = 90% = 0.90
Let Capacity requirement = X
Capacity requirement ÷ required utilization = Expected Demand rate × current service rate ÷ current utilization rate
X ÷ 0.92 = 0.70 × 43 ÷ 0.90
X = 0.70 × 43 ÷ 0.90 × 0.92
= 30.76 or 31
Needed capacity requirement is 31 customer per day.
Answer:
a. Increase in Net Exports, Increase in AD, real GDP will stay same
b. Excess Demand
c. Appropriate Contractionary Fiscal Policy : decrease tax & or increase government expenditure
d. Actions smooth business cycle by brining actual real GDP towards full employment
Explanation:
Aggregate Demand is the total value of goods & services all the sectors of an economy are planning to buy during a given period of time
Aggregate Demand [AD] = Consumption [C] + Investment [I] + Government Expenditure [G] + Net Exports [NX = Exports (X) - Imports (M)]
Aggregate Demand > Aggregate Supply at full employment level is Excess Demand. Aggregate Demand < Aggregate Supply at full employment level is Deficit Demand
Decrease in Investment leads to fall in Aggregate Demand. It creates Deficit Demand & decreases real GDP. It can be corrected through demand expansionary fiscal policy of decreasing taxes & increasing govt. expenditure.
Increase in exports leads to increase in net exports & in turn increase in aggregate demand. This causes Excess demand problem & real GDP will remain same (economy already at full equilibrium, GDP cant be increased more). Appropriate Fiscal Policy [Contractionary Fiscal Policy] includes decreasing taxes & or increasing govt. purchase.
These actions will smooth out business cycle by bringing actual real GDP back to full employment level.
