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sergij07 [2.7K]

3 years ago

9

Your restaurant’s revenue is 710,000 expenses total 890,000 , and your total investment is 3 million. What is your return on inv

estment
A) -6%
B) -3%
C) 1%
D) 6%

1 answer:

Karo-lina-s [1.5K]3 years ago

8 0

Answer:

A) -6%

Explanation:

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Casual Essentials, Inc. manufactures two types of team shirts, the Homerun and the Goalpost, with unit contribution margins of $

emmasim [6.3K]

Answer:

1. What is the contribution margin per hour of machine time for each type of team shirts?

<em>Homerun = </em> $ 50

<em>Goalpost</em> = $30

2. What is the optimal mix of team shirts?

Homerun = 50,890

Goalpost = 3,822

3. What is the total contribution margin earned for the optimal mix?

Total contribution margin earned for the optimal mix = $311,780

Explanation:

<em>1. Contribution margin per hour of machine time for each type of team shirts</em>

<em><u>Homerun</u></em>

Contribution margin per hour of machine = $5 / (6/60)

= $ 50

<em><u>Goalpost</u></em>

Contribution margin per hour of machine = $15 / (30/60)

= $30

<em>2. Optimal mix of team shirts</em>

Determine if <em>machine time</em> is a limiting factor

<u>Demanded Hours</u>

Homerun 0.1 × 50,890 = 5,089

Goalpost 0.5 × 50,890 = 25445

Total Hours Demanded = 30,534

<u>Available Hours</u>

Available hours =1,000 hour × 7 machines

=7,000 hours

Demanded Hours > Available hours

Therefore <em>machine time</em> is a limiting factor

Determine Mix

<em>Rank the T-Shirts based on contribution margin per hour of machine time</em>

Position 1. Homerun = 5,089

Position 2. Goalpost = 1,911 (takes the remaining hours)

Number of T-Shirts (mix)

Homerun = 5,089 / 0.1 = 50,890

Goalpost = 1,911 / 0.5 = 3,822

<em>3. The total contribution margin earned for the optimal mix</em>

Homerun = 50,890 × $5 =254,450

Goalpost = 3,822 × $15 = 57,330

Total = 311,780

3 0

3 years ago

In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases,

nordsb [41]

Answer:

Option A is correct.

deficit; negative

Explanation:

In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases, this produces a tendency toward a trade <u>deficit </u>and <u>negaive</u> net capital outflow.

This corresponds to the concept of twin deficits where a budget deficit that results from increased government purchases, also results in current account deficit. Since trade deficit implies negative NX there is a negative NCO.

6 0

3 years ago

Households and firms with savings lend money to banks and other financial institutions. The credit supply curve shows the relati

rosijanka [135]

Answer:higher real interest rate discourages current consumption and higher real interest rate encourages more saving.

Explanation:The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.

Our measure of credit demand is an indicator variable for a firm's need for bank loans decreasing during the period. We measure credit supply using information on whether a firm's loan application was rejected, or the firm received less than 75% of its desired amount.

Credit supply curve is a curve that plots the quantity of credit supplied at different real interest rates.

4 0

3 years ago

A Company just starting in business purchased three merchandise inventory items at the following prices. First purchase $80; Sec

gogolik [260]

Answer: $65

Explanation: Under the FIFO method, that is, first in first out method inventory is recorded on the assumption that the goods that were purchased first will also be sold first and the remaining inventory will have the latest purchased units.

So, in the given question the two units sold would be costing $80 and $95

Hence,

Gross profit = $240 - ($80 + $95)

= $65

3 0

3 years ago

Perteet Corporation's relevant range of activity is 3,600 units to 8,000 units. When it produces and sells 5,800 units, its aver

creativ13 [48]

Answer:

Total MFG Overhead $ 20680

Explanation:

Perteet Corporation

Manufacturing overhead consists of Variable manufacturing overhead and Fixed manufacturing overhead.

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Manufacturing overhead per unit $ 4.7

No of units = 4,400

Total MFG Overhead = 4.7 * 4400 = $ 20,680

The manufacturing overhead costs do no not consists of Fixed selling expense, Fixed administrative expense ,Sales commissions and Variable administrative expense. Another way of finding the manufacturing overhead costs is subtracting the cost of direct materials and direct labor from the cost of goods sold.

Cost of Goods Sold $ 14.2

Direct materials $ 6.30

Direct labor $ 3.20

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Total Manufacturing Costs= $ 14.2

Less Direct Materials Cost= $ 6.3

Less Direct Labor Costs = $ 3.2

Mfg Overhead= $ 4.7

No Of Units = 4400

Total MFG Overhead = 4.7 * 4400= $ 20680

6 0

3 years ago