1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weeeeeb [17]
3 years ago
6

In January, Gamma Company sold 2,000 units of its product at a price of $20 per unit. Its COGS (cost of goods sold) for January

totaled $20,000, and its SG&A (selling, general and administrative) costs totaled $16,000. If Gamma Company is expecting to sell 2,200 units in February, how much is the expected profit for February? (assume that the sales price will not change, and that 2,200 units is in the relevant range
Business
1 answer:
Mashcka [7]3 years ago
7 0

Answer:

The expected profit for February is $6,000

Explanation:

It is assumed that the COGS is the variable cost and SG&A is the fixed cost.

First we need to determine the sale value of February

Sales = Selling Price x Number of Units sold = $20 per unit x 2,200 = $44,000

Now Calculate the COGS

COGS = Numbers of units sold x COGS per unit = 2,200 units x $20,000 / 2,000 = $22,000

As the SG&A is assumed to be a fixed cost, so it will remains the same.

Now calculate the Expected Profit for February

Profit = Sales - COGS - SG&A = $44,000 - $22,000 - $16,000 = $6,000

You might be interested in
Rashid, the CEO of Top Productions, said to his new vice president of accounting, "In the past I had resistance to new ideas by
STALIN [3.7K]

Answer:

The correct answer is (e)

Explanation:

Strategy implementation is an integral part of business activities. It is the responsibility of managers to keep an eye on all the process and make sure that all strategies are properly implemented. So, selling middle and supervisory manager on changes to overcome their resistance is often a necessary part of strategy implementation. It’s their duty to handle the resistance from employees and other staff members.

5 0
3 years ago
In a corporation, the shareholders receive 1 vote for each share of stock they hold, which is usually based on the amount of mon
Umnica [9.8K]

Answer:

shareholders A and B will each have 30 votes (each invested $30,000)

shareholders C and D will each have 20 votes (each invested $20,000)

shareholder E will have 10 votes (only invested $10,000)

total number of possible votes = (30 x 2) + (20 x 2) + 10 = 110 votes

any decision must be approved by more than 50% of the votes, but since the votes are bundled in tens, 60 votes are needed.

Stockholders                                     number of    

<u>A        B         C         D          E   </u>       <u> positive votes</u>           <u>  win</u>

yes   no        no       no         no               30                           no

yes   yes       no       no        no                60                           yes

yes    no        yes     no        no                50                            no

yes    no         no      yes      no                50                            no

yes    no        no       no        yes              40                            no

yes    yes      yes      no        no                80                           yes

yes     yes     no       yes       no                80                           yes

yes     yes     no       no         yes              70                           yes

yes     yes    yes      yes        no               100                          yes

yes     yes    yes      no         yes               90                          yes

yes     yes    yes      yes        yes              110                          yes

no      yes     no       no          no               30                           no

no      yes     yes      no          no              50                            no

no      yes     no        yes        no              50                            no

no      yes     no        no         yes             40                            no

no      yes    yes       yes         no              70                           yes

no      yes    yes        no          yes            60                          yes

no      yes     no         yes        yes            60                          yes

no      yes     yes        yes        yes            80                          yes  

all other combinations result in negative outcome (less than 60)  

6 0
3 years ago
If chance or uncertainty is present in a system then there is an element of ____ in the decision making problem. a. danger b. ri
Elanso [62]

Answer: The answer is (D) Risk

Explanation:

3 0
2 years ago
Pioche Company is considering selling a "premium" version of one of its products. The following information is available. The ad
ryzh [129]

Answer: B- Increase of $200,000

Explanation:

The extra revenue that will be gained if the company sells premium units will be;

= Premium price - normal price

= 17 - 10

= $7

There are 100,000 unit so the extra revenue is;

= 7 * 100,000

= $700,000

The increase in Net income will be;

= 700,000 - additional processing costs

= 700,000 - 500,000

= $200,000

8 0
3 years ago
A researcher took a random sample of 100 students from a large university. She computed a 95% confidence interval to estimate th
Illusion [34]

Answer:True

Explanation: increasing the sample size to 150 will reduce the width of the confidence interval because it reduces the standard error.

I hope my answer helps.

5 0
3 years ago
Other questions:
  • Malcolm has several receipts from recent transactions that
    10·2 answers
  • Genesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can
    11·1 answer
  • National sales meetings, training meetings, product introductions, and dealer/customer meetings are all examples of what type of
    10·1 answer
  • What is a sweatshop??
    7·2 answers
  • • Explain the process of copying and pasting from one picture to another one.
    14·2 answers
  • John is an expediter for a paper goods manufacturer. he has been asked to track how much time he spends traveling to and from ea
    15·1 answer
  • hanif gives his neighbor carla his freshly grown tomatoes in exchange for her expert lawn care.What is hanif engaged in
    7·1 answer
  • The ledger of Windsor, Inc. at the end of the current year shows Accounts Receivable $84,000; Credit Sales $830,000; and Sales R
    8·1 answer
  • Charles Underwood Agency Inc.’s FCFs are expected to grow at a constant rate of 3.90% per year in the future. The market value o
    10·1 answer
  • Please follow my channel on y0utube
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!