Answer:
$13,130.4
Explanation:
Mean is a measure of average. It is used to calculate the average of a given set of data.
Mean = Sum of Terms/Number of Terms
Monthly Mean Rental Cost = Total rental cost / Number of rents
= ($6,350 + $5,745 + $11,870 + $15,255, + $26,432)/5
= $65652/5
=$13,130.4
Answer:
b. Return on Assets is 16.63%
Explanation:
The return on assets is a profitability measure that shows the effectiveness of management in utilizing the company's assets to generate income.
The return on assets is calculated using the following formula,
Return on Assets = Net Inocme / Average Total Assets
Here,
Net Income = $104940
Average Total Assets = $631051
So,
Return on Assets = 104940 / 631051
Return on Assets = 0.16629 or 16.629% rounded off to 16.63%
Answer: 7.24
Explanation:
The location quotient for this question can be calculated by;
= ( Employment in Amusements and Recreation in KuDu City / Total Employment in KuDu City) / (Employment in Amusements and Recreation (nationally) / Total Employment (nationally))
= (54,446/578,477) / (1,381,377/ 106,201,232)
= 7.2359
= 7.24
Answer:
1) Colt Carriage Company
Income Statement
For the month ended April 202x
Revenues:
- Adults passengers $186,300
- Children $81,000
- Total revenues $267,300
Variable costs:
- City fees $26,730
- Souvenirs $7,425
- Brokerage fees $11,340
- Carriage drivers $52,650
- Total variable costs <u>$98,145</u>
Contribution margin $169,155
Period costs:
- Depreciation $2,900
- Horse leases $48,000
- Marketing expenses $7,350
- Payroll expenses $7,600
- Total period costs <u>$65,850</u>
Operating profit $103,305
2) If the total amount of passengers increase by 10%, then all variable costs will increase by 10% except brokerage fees which would increase only by 6%. Revenues should also increase by 10%. Period costs should not change.
Contribution margin should increase by 10.29% and operating profit would increase by 16.81%.
Explanation:
since the information is not complete, I looked it up:
Revenues
13,500 passengers:
8,100 x $23 = $186,300
5,400 x $15 = $81,000
total $267,300
variable costs:
fees paid to the city 10% of total revenue
souvenirs $0.55 per passenger
brokerage fees 60% of total tickets x $1.40
carriage drivers $3.90 per passenger
fixed costs:
depreciation $2,900
horse leases $48,000
marketing expenses $7,350
payroll expenses $7,600