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slavikrds [6]
3 years ago
12

Wight Corporation has provided its contribution format income statement for June. The company produces and sells a single produc

t. Sales (4,500 units) $ 180,000 Variable expenses 81,000 Contribution margin 99,000 Fixed expenses 45,000 Net operating income $ 54,000 If the company sells 4,600 units, its total contribution margin should be closest to
Business
1 answer:
Anna [14]3 years ago
7 0

Answer: its total contribution margin should be closest to $ 266,800.

Explanation:

Contribution = (Sales )+  (Variable expenses)

= $180,000+ $81,000

= $261,000

Contribution margin ratio = Contribution  divided by Sales

= \dfrac{261000}{180000}

= 1.45

Now Contrbution for 4,600 units = \dfrac{Sales\ for \ 4500\ units\times 4600}{4500}\times 1.45

=\dfrac{180000\times4600}{4500}\times1.45\\\\\\=266800

its total contribution margin should be closest to $ 266,800.

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Explain some of the reasons why developing countries have not realized a greater positive development impact from their higher e
Tju [1.3M]

Answer:

Specific country(Nigeria)

(1) High level of corruption in the Educational sector

(2) Inadequate funding

(3) Inconsistent public policy.

Why should solid elementary System take precedence over expansion of University.

(A) To reduce the level of illiteracy and out of school children.

(B) To build a good foundation for the younger Population.

Explanation:

Developing countries are countries that have not yet achieved their full potential,they are improving but still lack in several areas like Education, Infrastructures, funding, Unemployment etc

Nigeria is judged by the World bank, Transparency international as one of the most corrupt countries of the world this is affecting the utilisation of funds for education making it difficult to execute effective development projects in the Educational sector,in Nigeria successive Governments change education policies making it extremely difficult to achieve

greater positive development impact from their higher education programs.

Instead of expansion of the University System it is better to invest in the elementary school level to ensure that the level of illiteracy and out of school children is reduced or eliminated and to build a better future for the younger kids and Population.

3 0
4 years ago
An investment offers €4,000 per year for 10 years, with the first payment occurring one year from now. (Do not include the euro
PilotLPTM [1.2K]

Answer:

25,670.80€

Explanation:

this is an ordinary annuity since the first payment occurs one year from now. The present value of an ordinary annuity is given by the following formula:

present value = annual distribution x PV annuity factor

  • annual distribution =4,000
  • PV annuity factor, 9%, 10 periods = 6.4177

present value = 4,000 x 6.4177 = 25,670.80€

8 0
3 years ago
Helpp please 10 points!<br><br> 2. What are Internal and external factors.
Sindrei [870]
Hope that helps! If you look it up it's all online!

4 0
4 years ago
You want the salespeople on your staff to perform at their best, thus you want to make sure they are properly supervised. In det
lbvjy [14]

Answer:

Factors to consider:

1. Specialisation role

2. Complexity of sales process

3.Tenure

4.Geographical coverage

5. Sales Representative leadership

6. Support network

7. Internal Bureaucracy

8. Value add of managers

Factors not to consider;

1. Market share

2. Production process

3. Distribution process

4. Personal affiliation, race or religion

Explanation:

When considering a company's span of control, which simply means the number of junior staff a manager should manage, it is important to note factors relating to geographical coverage, a wide coverage can create difficulties in supervision to a manager. Consequently reducing the span of control.

Specialisation also help in ensuring the manager is an expert in the area he or she supervise. Experienced manager with good understanding of the tasks, good knowledge of the workers and good relationships with the workers, will be able to supervise more workers

The complexity of a sale process can affect a manager's supervision performance. if the sale process for example require an online payment to a final user who may not be physically available. Supervising such sales requires adequate training.

Other factors like; Tenure, Sales Representative leadership, Support network, Internal Bureaucracy, Value add of managers are paramount in determining span of control. However, market share, production process, distribution process and personal affiliation, race and religion should not affect the span of control.

3 0
3 years ago
Read 2 more answers
Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes tha
Lelechka [254]

Answer:

$0.013

0.010724

Explanation:

Given that :

Mean, m = 36500

Standard deviation, s = 5000

Refund of $1 per 100 mile short of 30,000 miles

A.) Expected cost of the promotion :

P(X < 30,000)

Using the Zscore relation :

Zscore = (x - m) / s

Zscore = (30000 - 36500) / 5000

= - 6500 / 5000

= - 1.3

100 miles = $1

1.3 / 100 = $0.013

b. What is the probability that Grear will refund more than $50 for a tire?

100 miles = $1

$50 = (100 * 50) = 5000 miles

Hence, more than $50 means x < (30000 - 5000) = x < 25000 miles

P(x < 25000) :

(25000 - 36500) / 5000

-11500 / 5000

= - 2.3

P(z < - 2.3) = 0.010724 (Z probability calculator)

3 0
3 years ago
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