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Talja [164]
3 years ago
9

Suppose a small business has sales of $14,000 this month, with future sales expected to grow by $1,300 each month. Costs consist

of a fixed component, which is $8,400 per month, and a variable component, which is 25 percent of sales. Design a spreadsheet to compute the gross profit (revenue less fixed and variable costs) per month over a nine month period. What is the gross profit in a single month 8 months from now?
Business
1 answer:
jeyben [28]3 years ago
8 0

Answer:

Please check the attachment to this document to get the excel sheet

Gross Profit (8 months from now)=$10,875

Explanation:

Please check the attachments of this post and download the excel sheet.

Best of luck

Download xlsx
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Clem Oatley could grow wheat and barley. He could grow 75 bushels of wheat or 125 bushels of barley using the same resources on
BabaBlast [244]

Answer:

Clem should specialise in wheat production because he has higher profits there

Explanation:

Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.

If he produces only wheat he will have profit of 75 bushels * $2 = $150

If he produces only barley his profit will be 125 bushels * $0.80 = $100

This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.

6 0
3 years ago
Read 2 more answers
Feeling "He who does the work of the King ought to be King," Pope Zacharias helped whom become King of the Franks in 751?
Gnom [1K]

Answer:

(C) Pepin The Short

Explanation:

In 741AD, Pepin took over from his father as Mayor of the Palace. He ruled alongside his elder brother.

In 743AD, Pepin and his brother chose Childeric to be the <em>apparent</em> King of the Franks. Both brothers still wielded the functional power to the throne. Childeric was just to 'appear to be' the King (unknown to him though).

In 747AD, Pepin's brother stepped down (intentionally and on his own accord). Pepin then became the only ruler of the entire Frankish territory.

In 751AD, Pepin, without full support from his clan, lured Childeric into monastery in order to remove him as the 'face of Francia'.

Pope Zacharias helped Pepin to be proclaimed King of the Franks, against all opposition.

3 0
3 years ago
Assume that because of a new law, the types of significant transactions a partnership engages in are no longer lawful. two of th
hammer [34]
No thsy will have to sell their share
3 0
3 years ago
Adams Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you disc
adell [148]

Answer:

                                      Debit                  Credit

Trade payable                 $300

Cash                                                           $300                              

Explanation:

First we have to reverse the wrong journal entry which has been made by the inexperienced bookkeeper in the Adams Company accounts:

                                      Debit                  Credit

Trade payable                 $300

Cash                                                           $300                              

Now we have to record the correct journal entry in the accounts of Adam Company in respect of account settlement with supplier which is given as follow:

                                      Debit                  Credit

Trade payable                 $300

Cash                                                           $300                              

6 0
3 years ago
Read 2 more answers
Schultz Industries is considering the purchase of Arras Manufacturing. Arras is currently a supplier for Schultz, and the acquis
Aleksandr [31]

Answer:

$50.67 per share

Explanation:

using the discounted cash flow model, we can determine Arras's total value:

CF₀ = $7.6

CF₁ = $7.98

CF₂ = $8.379

CF₃ = $8.79795

CF₄ = $9.2378475

CF₅ = $9.699739875

CF₆ = $9.893734673

we must first find the terminal value at year 5 = $9.893734673 / (7% - 2%) = $197.874694

now we can discount the future cash flows:

firm's value = $7.98/1.07 + $8.379/1.07² + $8.79795/1.07³ + $9.2378475/1.07⁴ + $9.699739875/1.07⁵ + $197.874694/1.07⁵ = $7.458 + $7.319 + $7.182 + $7.048 + $6.916 + $141.081 = $177.004 million

the shareholders' share of the firm's value = $177.004 million - $25 million = $152.004 million

price per share = $152.004 million / 3 million shares = $50.668 ≈ $50.67 per share

7 0
3 years ago
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