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Arlecino [84]
3 years ago
7

The state of Florida is known to produce oranges more than majority of the other states, so Florida has a(n) __________ in orang

es.
Business
1 answer:
Simora [160]3 years ago
4 0

Answer:70% production

Provide your answers to pick from please.

Explanation:

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If Kevin is currently insured under Leroux for his medical insurance under Plan A, how will the proposed changes affect his heal
Verizon [17]

Considering the case, of Kelvin, if he currently insured under Leroux for his medical insurance under Plan A, then, Costs for regularly scheduled health care will go down, but Kevin may end up paying more if he finds himself seriously ill or injured.

What is health insurance?

Health insurance can be regarded as the type of insurance that cover hospital visits as well as prescription drugs and wellness care.

Most health insurance do cover some other range of services such as cosmetic procedures and beauty treatments.

  • Since, Kelvin is currently insured under Leroux, then Costs for regularly scheduled health care will go down.

Learn more about health insurance at:

brainly.com/question/1941778

4 0
3 years ago
A video-recording system was purchased 4 years ago at a cost of $37,000. A 5-year recovery period and DDB (Double Declining Bala
AysviL [449]

Answer:

The trade in value is higher than the book value by $ 205

Explanation:

Computation of Book value

In a double declining balance method of depreciation, the rate of depreciation is double the straight line rate and is depreciated on a declining balance.

Cost of Equipment                                                                            $ 37,000

Estimated useful life ( Recovery Period)                                             5 years

Straight Line Depreciation rate                                                            20 %

Double declining Method depreciation  rate                                      40 %

Cost                                                                                                     $ 37,000

Depreciation for year 1   at 40 %                                                        <u>$(14,800)</u>

Depreciable basis for year 2                                                              $ 22,200

Depreciation for year 2   at40 %                                                       <u>$ ( 8,880)</u>

Depreciable basis for year 3                                                              $  13,320

Depreciation for year 3   at 40 %                                                        <u>$ (5,328)</u>

Depreciable basis for year 4                                                               $   7,992

Depreciation for year 4   at 40 %                                                        <u>$    3,197) </u>

Depreciable basis for year 5                                                                $  4,795

The depreciable basis for year 5 is the net book value after 4 years

The trade value is                                                                                  $ 5,000

The trade in value is higher by                                                             $     205

8 0
3 years ago
Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer of biotech products. Forbes Division, which has $
inessss [21]

Answer:

Residual income is therefore $732,000.

Explanation:

This can be computed by following the following steps:

Step 1: Calculation of ending net book value

<u>Particulars                                           $'000    </u>

Beginning investment                         6,900

add: Additional investment                 8,100

Less: Depreciation - Other             <u>   (2,850)  </u>

Ending net book value                   <u>    12,150  </u>

Step 2: Calculation of Minimum required return

Minimum required return = Ending net book value * Required return rate = $12,150,000 * 12% = $1,458,000

Step 3: Calculation of profit (loss) on disposal

First year depreciation on investment = (Investment cost  - Salvage value) / Useful life = ($6,600,000 - $660,000) / 3 = $1,980,000

Profit (loss) on disposal = Salvage value - Investment cost  - First year depreciation on investment = $660,000 - $6,600,000 - $1,980,000 = $3,960,000 loss

Step 4: Calculation of residual income

<u>Particulars                                                       $'000    </u>

Given operating profit of the division             6,150

Less: Loss on disposal                                <u>  (3,960)  </u>

Revised operating income                             2,190

less: Minimum required return                   <u>   (1,458)  </u>

Residual income                                          <u>     732    </u>

Residual income is therefore $732,000.

7 0
3 years ago
Mining scenario A mining company owns two mines, each of which produces three grades (high, medium, and low) of ore. The company
Sergeeva-Olga [200]

Answer:

the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours.

Explanation:

Mining hours of mine 1: M1

mining hours of mine 2: M2

Objective function: Minimize operating cost < 200M1 + 160 M2

Explicit constraints:

6M1 + 2M2 ≥ 12

2M1+ 2M2≥ 8

4M1+ 12M2 ≥ 24

Implicit constraints:

M1> 0

M2>0

See the attachment for feasible region

The coordinates of feasible region are (0,0), (2,0),(0,2),(1.5,1.5)

To maximize cost substitute each of these coordinates in objective function

for(0,0)

cost=0 (neglect this cost since M1>0 and M2 >0)

for(2,0)

cost= 320

for (0,2)

cost= 400

for (1.5,1.5)

cost= 540

the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours

8 0
3 years ago
Philadelphia Company has the following information for March: Sales $486,599 Variable cost of goods sold 205,621 Fixed manufactu
egoroff_w [7]

Answer:

Manufacturing margin is $203,253

Contribution margin is $230,357

Net income $118,547

Explanation:

Manufacturing margin is the sales revenue minus manufacturing costs

Sales revenue                           $486,599

Cost of goods sold                  ($205,621)

fixed manufacturing cost         ($77,725)

manufacturing margin            $203,253

Contribution margin is sales revenue minus variable costs:

Sales revenue                           $486,599

Cost of goods sold                  ($205,621)

variable selling & admin          ($50,621)

contribution      margin            $230,357

Income is the sales revenue minus all costs incurred:

Sales revenue                           $486,599

Cost of goods sold                  ($205,621)

fixed manufacturing cost         ($77,725)

Variable selling & admin          ($50,621)

Fixed selling & admin              ($34,085)

Net income                             $118,547

6 0
3 years ago
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