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a_sh-v [17]
3 years ago
9

If the cost of manufacturing (direct labor and materials) is 50% of sales and profit is 15% of sales, what would the profit perc

entage be if the direct costs of manufacturing were reduced from 50% to 47%
Business
1 answer:
irga5000 [103]3 years ago
7 0

Answer: 18%

Explanation:

Assume sales is $100.

Profit is 15% of sales so profit is:

= 15% * 100

= $15

Cost is 50%:

= 50% * 100

= $50

If costs were reduced to 47%, it would become:

= 47% * 100

= $47

This means that $3 has been freed up.

This $3 will go to the profit because the other costs are not dependent on production and so are considered fixed.

With $3 going to profit, the profit becomes:

= 3 + 15

= $18

Profit percentage:

= 18 / 100

= 18%

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Leya [2.2K]

Answer:

b) false

Explanation:

This could be considered a bilateral and executory contract because both parties agreed to perform and exchange consideration in the future (in this case, Saturday). But it cannot be considered an implied contract.

E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.

But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.

Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.

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4 years ago
Quincy is the HR manager who is preparing for the launch of a new product line. The company needs to know how many new customer
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The information will be easier to organize and interpret if Quincy uses Transitional Matrix.

<h3>What is the Transitional Matrix ?</h3>

Transitional matrix a chart that lists job categories held in one period and shows proportion of employees in each of those job categories in a future period. Its Allows the organization to plan how to address these challenges.

<h3>What is the Transitional Matrix in HR ?</h3>

A transition matrix, or Markov matrix, can be used to model the internal flow of human resources.  These matrices simply show as probabilities the average rate of historical movement from one job to another. To determine the probabilities of job incumbents remaining in their jobs for the forecasting period.

Learn more about Transitional Matrix on:

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6 0
2 years ago
Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.0
anyanavicka [17]

Answer:

WACC is 9.26%

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

According to WACC formula

WACC = ( Cost of common share x Weightage of common share ) + ( Cost of Preferred share x Weightage of Preferred share ) + ( Cost of debt x Weightage of debt )

Cost of debt is already given as after tax cost of debt.

WACC = ( 12.75% x 45% ) + ( 7.5% x 15% ) + ( 6% x 40% )

WACC = 5.7375% + 1.125% + 2.4% = 9.2625 % = 9.26%

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3 years ago
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Answer:

Credit life Insurance

Explanation:

The scenario describes Credit life insurance

This is a form of insurance policy that that is designed to pay off the balance on a policy holder's outstanding loan in case of death. It is designed for the protection of lender and heirs who are co signers from loss in case of the death of the borrower.

The insurance is liable to the balance on the loan as at the time of the death of the borrower.

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