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nydimaria [60]
2 years ago
9

Hanson, Inc. requires its marketing managers to submit estimated cost-volume-profit data on all requests for new products, or ex

pansions of a product line. Nancy Stephens is a new manager. Her calculations show a fixed cost for a new project at $100,000 and a variable cost of $5. Since the selling price is only $15 for the proposed product, 10,000 units would need to be sold to break-even. That is approximately twice the volume estimate for the first year. She shares her dismay with Patti Patterson, another manager, Patti strongly advises her to revise her estimates. She points out that several of the costs that had been classified as fixed costs could be considered variable since they are step costs and mixed costs. When the data has been revised classifying those costs as variable costs, the project appears viable.a. Who are the stakeholders in this decision?b. Is it ethical for Nancy to revise the costs as indicate? Briefly explain.c. What should Nancy do?
Business
1 answer:
Artyom0805 [142]2 years ago
6 0

Answer:

Following are the responses to the given points:

Explanation:

For point a:

Following are the two categories of stakeholders:

  • Primary actors were house located stakeholders, such as investors, consumers, vendors, lenders, and employees, who engage in criminal interactions with customers.
  • Secondary games are generally external stakeholders, who are affected or may influence their behavior, such instance the public at large, communities, activities, business support groups, and the press even if they're not involved in the direct economic transaction with the firm.

For point b:

Fixed expenses do not represent an essential task. Rather, they involve costs related to the sale or the administration costs of a company. These expenses are charged in the way they receive place. All direct material, direct labor, or overheads related to the production of the product or service were variable expenses. If an item is not sold, those costs were documented throughout the inventory of the company or reported as an asset in the balance sheet. The reclassification from fixed into variable costs will shift the expenses from the financial statement expense to the portion of the stock in hand, and will thus increase profit. Thus, Nancy also isn't planning to classify those costs though they will delay these charges in order to manipulate their accounts to achieve their goals.

For point c:

I will analyze these "mix expenses" to assess fixed, semi-fixed and changeable elements. Evaluate additional semi-fixed costs then draw variable costs from them. Which would give me only variable costs, with fixed costs remaining. That's both quite fair and ethical.

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During the year,Liptom Company made an entry to write off a $4,000 uncollectible account. Before this entry was made, the balanc
Andru [333]

Answer:

$55,500

Explanation:

The computation of the net realizable value after the write off entry is show below:

The credit balance in allowance with terms to bad debts is

= $4,500 - $4,000

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Now the net realizable value is

= ($60,000 - $4,000) - ($4,500 - $4,000)

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7 0
2 years ago
Potatoes and wheat output (tons per day)
Alchen [17]

Answer:

c. potatoes

Explanation:

The computation is shown below:

Opportunity cost of producing 1 tons of wheat is  

for US = 4 ÷ 3 = 1.33 tons of potatoes

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As the opportunity cost is higher in united states of potatoes so here the united stated should be comparative advantage in generating potatoes  

3 0
2 years ago
Penguin Island produces two goods: ice and genetically engineered fish. Due to recent technological advances, its economy has ex
Vadim26 [7]

Answer:

1. Point on x-axis will increase and so will the point on the y-axis

2. All of the above

Explanation:

1. The Production Possibilities Frontier shows the amount of resources needed to produce different quantities of two goods. It therefore allows one to see the trade-off in resources for producing more of one good vs the other.

When a factor of production leads to more efficiency in the production of a good, the frontier will increase. In this scenario, there has been a growth in technology which means that more of both goods can be produced. This will increase the PPF on both axis. (Refer to attached file).

2. All of the listed options have led to increases in the standard of living in the last century. More education means people can get better jobs and build more infrastructure. International trade has increased market access and increased wealth. Farm productivity is better so more people can be fed and improvement in technology is the main driver for growth.

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First national bank charges 11.5 percent compounded monthly on its business loans. first united bank charges 11.7 percent compou
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EAR=12.13%

APR=11.7% compounded semi-annually
EAR=(1+0.117/2)^2-1=0.12042225=12.04%
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5 0
3 years ago
Sarah is shopping at Sylvia’s thrift store, and notices that the inside of the store needs repainting. Sarah offers to paint the
Ksivusya [100]

The answer is Yes because Sylvia will have to pay Sarah for painting the store even though she did not verbally agree to the contract.

<h3>What is a Contract?</h3>

A Contract is a formal arrangement between two or more party where one promise to perform a duty in return for a consideration (value).

In conclusion, the answer is Yes because Sylvia will have to pay Sarah for painting the store even though she did not verbally agree to the contract.

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6 0
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