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koban [17]
4 years ago
10

The following data are available for the Phelps Corporation for a recent month: Product A Product B Product C Total Sales $ 150,

000 $ 130,000 $ 90,000 $ 370,000 Variable expenses 91,000 104,000 27,000 222,000 Contribution margin $ 59,000 $ 26,000 $ 63,000 148,000 Fixed expenses 55,000 Net operating income $ 93,000 The break-even sales for the month for the company is closest to:
Business
1 answer:
mrs_skeptik [129]4 years ago
5 0

Answer:

$277,000

Explanation:

Break even is the point where neither profit nor a loss is made by the company.

<u>Determination of Break-even Sales</u>

Sales - Variable Expenses - Fixed Expenses = 0

Therefore, Solving Algebraically

Sales = Variable Expenses + Fixed Expenses

         = 222,000 + 55,000

         = 277,000

Therefore Break-even sales for the month for the company is closest to $277,000

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Light Force Inc. produces and sells lighting fixtures. An entry light has a total cost of $180 per unit, of which $100 is produc
lions [1.4K]

Answer:

Total mark up= 45%

Explanation:

Giving the following information:

An entry light has a total cost of $180 per unit, of which $100 is product cost and $80 is selling and administrative expenses. Also, the total cost of $180 is made up of $110 variable cost and $70 fixed cost. The desired profit is $45 per unit.

If $100 is the product cost, and $45 is the desired mark up:

100=100%

45= ?  = (45/100)= 0.45= 45%

8 0
3 years ago
Twenty-five percent of the company's sales are for cash and 75% are on account. Collections for sales on account follow a stable
Thepotemich [5.8K]

Answer: $136,375

Explanation:

Going by the collections pattern of the company, there will be collections for 3 months in December being October, November and December.

December collections will be:

= (50% * December credit sales) + (30% * November Credit sales) + (15% * October credit sales) + December cash sales

December credit sales = 75% * 130,000 = $97,500

November credit sales = 75% * 170,000 = $127,500

October credit sales = 75% * 150,000 = $112,500

December collections are:

= (50% * 97,500) + (30% * 127,500) + (15% * 112,500) + (25% * 130,000)

= $136,375

5 0
3 years ago
Modern quality management approaches recognize the importance that quality: Group of answer choices Is planned, built, and inspe
lutik1710 [3]

Answer:

Processes and activities of the performing organization that determine quality policies, objectives and responsibilities so the project will satisfy the needs for which it was undertaken.

Uses policies and procedures to implement, the organization's quality management system and it supports continuous process improvement activities as undertaken on behalf of the performing organization. It works to ensure that the project requirements, including product requirements are met and validated.

Addresses the management of the project and the deliverables of the project. Applies to all projects, regardless of the nature of their deliverables. Quality measures and techniques are specific to the type of deliverables being produced by the project.

For example, software deliverables may use different approaches and measures vs building a nuclear power plant. In either case, failure to meet the quality requirements can have serious, negative consequences for any or all of the project's stakeholders.

Meeting customer requirements by overworking the project team may result in increased profits and increased project risks, employee attrition, errors, or rework

Meeting project schedule objectives by rushing planned quality inspections may result in undetected errors, decreased profits, and increased post-implementation risks

Explanation:

Processes and activities of the performing organization that determine quality policies, objectives and responsibilities so the project will satisfy the needs for which it was undertaken.

Uses policies and procedures to implement, the organization's quality management system and it supports continuous process improvement activities as undertaken on behalf of the performing organization. It works to ensure that the project requirements, including product requirements are met and validated.

Addresses the management of the project and the deliverables of the project. Applies to all projects, regardless of the nature of their deliverables. Quality measures and techniques are specific to the type of deliverables being produced by the project.

For example, software deliverables may use different approaches and measures vs building a nuclear power plant. In either case, failure to meet the quality requirements can have serious, negative consequences for any or all of the project's stakeholders.

Meeting customer requirements by overworking the project team may result in increased profits and increased project risks, employee attrition, errors, or rework

Meeting project schedule objectives by rushing planned quality inspections may result in undetected errors, decreased profits, and increased post-implementation risks

4 0
3 years ago
Organizational ________ can be exhibited by anyone at any level of an organization
UNO [17]
The missing word is leadership. Organizational leadership is a double engaged administration approach that works towards what is best for people and what is best for a gathering in general at the same time. It is additionally a demeanor and a hard-working attitude that engages a person in any part to lead from the best, center, or base of an association.
8 0
3 years ago
Larry Mitchell invested part of his $ 35 comma 000$35,000 advance at 4 %4% annual simple interest and the rest at 9 %9% annual s
SVEN [57.7K]

Answer:

$1,000; $34,000

Explanation:

Total investment = $35,000

Total yearly interest from both accounts = $3,100

Let the amount invested at 4% be x,

Amount invested at 9% = $35,000 - x

Simple interest = Principle × Rate of interest × Time period

$3,100 = (x × 0.04 × 1) + [($35,000 - x) × 0.09 × 1]

$3,100 = 0.04x + ($35,000 × 0.09) - 0.09x

$3,100 = 0.04x + $3,150 - 0.09x

0.05x = $50

x = $1,000

Therefore,

Amount invested at 4% = x = $1,000

Amount invested at 9% = $35,000 - x

                                       = $35,000 - $1,000

                                       = $34,000

4 0
3 years ago
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