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3 years ago

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Refined Grains, Inc., agrees to sell to sunny cereal company a certain quantity of refined oats each week but no mention is made

of where the goods are to be delivered. In general, UCC requires that the delivery take place at

1 answer:

lions [1.4K]3 years ago

7 0

Answer:

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Explanation:

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By how many packs of cigarettes does quantity demanded decrease due to the excise tax on cigarettes?

andrezito [222]

Answer:

Explanation:

The government taxes packs of cigarettes both to discourage smoking and to raise tax revenue. The average excise tax on a pack of cigarettes is $2.50 per pack. The table below presents the annual demand and supply schedules, in billions of packs, both before and after the tax on packs of cigarettes.

3 0

3 years ago

Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribu

quester [9]

Answer:

a. The contribution margin ratio will be 41%

b. The income from operations will be $12,420,000.

Explanation:

a. The sales are given at $112,900,000.

The fixed costs are $25,000,000.

The variable costs are $66,611,000.

The contribution margin will be

=Sales-variable costs

=$(112,900,000-66,611,000)

=$46,289,000

The contribution margin ratio will be

=(Contribution margin/sales)*100

=($46,289,000/ $112,900,000)*100

=41%

b. Now, if the contribution margin ratio is 40%.

The sales are given at $34,800,000.

The fixed costs are $1,500,000.

Income from operations or operating profit will be

=(sales*contribution margin ratio)-fixed cost

=$(34,800,000*0.4)-$1,500,000

=$12,420,000

7 0

3 years ago

(a) Bank of Marienfield started its first day of operations with $150 million in capital. It received a total of $100 million i

Juliette [100K]

Here, we are going to prepare the balance sheet of Bank of Marienfield using the information given in the question..

Formula for Total liabilities is <em>Capital + Checkable deposit + Loan from bank</em>

<u>Given Information</u>

Capital = $150 Million

Checkable deposit = $100 Million

Loan from bank= $50 Million

Total liabilities = $150 Million + $100 Million + $50 Million

Total liabilities = $300 Million

<u>Additional given Information</u>

Commercial loan = $150 Million

Investment in shares = $120 Million

Investment in Treasury bonds = $20 Million

Required reserve = Checkable deposit * Required reserve rate

Required reserve = $100 Million * 10%

Required reserve = $10 Million

Excess reserve = Total liabilities - (Commercial loan + Investment in shares + Investment in Treasury bonds + Required reserve)

Excess reserve = $300 Million - ($150 Million + $120 Million + $20 Million + $10 Million)

Excess reserve = $300 Million - $300 Million

Excess reserve = $0 Million

Balance sheet of Bank of Marienfield.

Assets Amount Liability Amount

Required reserves $10 million Bank capital $150 million

Excess Reserve $0 Checkable deposit $100 million

Commercial loan $150 million Loan from bank $50 million

Investment in shares $120 million

Invest. Treasury bond <u>$20 million </u> <u> </u>

Total <u>$300 million</u> Total <u>$300 million</u>

3 0

3 years ago

The top managers of Promedium Inc. are creating a master budget for the company. They require a statement of the budget goals fr

Anettt [7]

Answer:

The correct answer is budget slack.

Explanation:

Budget slack occurs in a company when one or more people with budgetary responsibility create a budget that overestimates expenses and / or underestimates projected income or income.

Intentional budget slack can occur because a manager feels under the weapon to "make their numbers", often in response to previous quarters where revenues fell below projections and, more importantly, did not meet expectations of the owners or shareholders.

4 0

3 years ago

Health can have a negative effect on an individual's income because it can" __________. affect a person's participation in the w

aliya0001 [1]

Answer:

affect a person's participation in the workforce

Explanation:

A person experiencing health-related challenges may be unable to attend to his or her daily routines. It implies they cannot engage in economic activists resulting in loss of income.

Poor health is a heavy burden on the individual and the family. First, it is expensive to treat for the illness. Some diseases may cost thousands of dollars in treatment. Secondary, a sick person becomes dependent. He or she cannot be part of the workforce, meaning he is not contributing to the income of the family or society.

In some situations, it requires a family to hire a nurse to attend to the sick person. A family member may quit their job to nurse a sick relative. Poor health may not only lead to the ill person not engaging in the workforce, but it may cause a relative stop working for a while.

7 0

3 years ago