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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

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A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares
Norma-Jean [14]

Answer:

The total amount of the cash dividend is $7,125

Explanation:

The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.

Treasury shares are those shares that are bought back by the company that issued the shares.

Use the following formula to calculate the cash dividend

Cash Dividend = Numbers of outstanding shares x Dividend rate

Where

Numbers of outstanding shares = 9,500 shares

Dividend rate = $0.75 per share

Placing values in the formula

Cash Dividend = 9,500 x $0.75 per share

Cash Dividend = $7,125

3 0
3 years ago
generally require more technical skills and fewer conceptual skills. a. executive managers b. first-line managers c. middle mana
Volgvan

First-line managers generally require more technical skills and fewer conceptual skills.

Conceptual skills are vital for top managers, less critical for mid-degree managers and no longer required for first-stage managers. As we move from the bottom of the managerial hierarchy to the pinnacle, the significance of these capabilities will upward thrust. Professional first-line managers can pay attention, talk, and write truely and continually, speaking for maximum effect with people at all degrees inside the organization, including team members, superiors, friends, and others. it is specifically important to correctly speak desires and expectations.technical abilities are the most vital for lower level managers because the managers surpervise the workers who produce products or serve clients. Group leaders and first-line managers want technical understanding and competencies to train new employees and help employees remedy problems. Pinnacle managers need sturdy conceptual abilities, whilst the ones at midlevels need top interpersonal abilities and those at lower stages want technical abilities. All managers want robust communication, selection-making, and time-management skills.

Because of this first-line managers need to be skillful hassle solvers who recognize the way to quick expand alternative plans and enforce them within teams. First-line managers have to remain agile and flexible when shifts unavoidably occur within an organizational structure.

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3 0
2 years ago
Joey bought a dozen oranges for $3. 50 and several bananas for $0. 25 each at the grocery store. Joey spent a total of $5. 75 on
Verizon [17]

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

  • Let the number of bananas be B.

<u>Given the following data:</u>

  • A dozen oranges = $3. 50
  • Bananas = $0. 25
  • Total cost = $5.75

<u>Note:</u> A dozen oranges is equal to 12 oranges.

To determine the number line that best represents the number of bananas Joey purchased:

First of all, we would calculate the number of bananas that Joey purchased:

3.50 +0.25B =5.75\\\\0.25B =5.75-3.50\\\\0.25B =2.25\\\\B=\frac{2.25}{0.25}

B = 9 bananas.

<u>For the </u><u>number line</u><u>:</u>

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

Read more: brainly.com/question/13553589

6 0
2 years ago
Weighted Average Method, Unit Cost, Valuing Inventories Applegate Enterprises produces premier raspberry jam. Output is measured
iris [78.8K]

Answer:

1. 780,000 pints

2. $1

3. $780,000

Explanation:

1. The computation of the equivalent units of production is shown below:

= Units completed and transferred out + completed units in ending inventory  × completion percentage

= 700,000 pints + 200,000 pints × 40%

= 780,000 pints

2. The computation of the unit cost for January month is shown below:

= (Beginning Work in process + Costs added during January) ÷  equivalent units

= ($156,000 + $624,000) ÷ (780,000 pints)

= $1

3. The computation of the assigned units is shown below:

= Units completed and transferred out × unit cost + completed units in ending inventory  × completion percentage × unit cost

= 700,000 pints  × $1 + 200,000 pints × 40% ×$1

= $780,000

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Cameron has a cup of coffee every morning, smokes about 10 cigarettes a day, and has a beer with his dinner every night. this is
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This is an example of substance use
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3 years ago
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