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
Answer:
Total number of units produced for the period = 662 units
Explanation:
Total manufacturing cost = (Fixed overhead cost) + (Total direct labour cost) + (Total materials cost) + (Total Variable overhead cost)
Let the number of units produced be Q
Total manufacturing cost = $160705
Fixed overhead cost = $58000
Total direct labour cost = cost of direct labour per hour × number of direct labour hours = 2.7 × 13100 = $35370
Total direct materials cost = Direct material cost per unit × number of units produced = 75 × Q
Total variable overhead cost = 50% of total labour cost = 50% of 35370 = $17685
160705 = 58000 + 35370 + 75Q + 17685
75Q = 160705 - 58000 - 35370 - 17685
75Q = 49650
Q = 662 units
All of these Federal Agencies are responsible for this issue because a person sick eating those eggs.I think all agencies should get sued!
Answer:
If Colin sells the stock for $675, he will have a short-term capital loss.
Explanation:
The cost of acquisition for the transferee will be stated as the fair market value as on the date of the transfer. if the shares are further sold at $675, then he shall be liable for the short-term capital loss.
Answer and Explanation:
a. In case when the new bills are kept by the people so the supply of money would be increase by a very similar amount as it was dropped off the plane. That's because the banking is not in the image, so there is no impact on the money multiplier.
b. If the amount is deposited in the bank, the cash supply would rise with the money multiplier being taken into account. Money Multiplier = Deposited currency / reserve ratio. The overall supply of money that will raise be 1 billion / 0.1.
c.Again, if a 100% reserve banking is exercised by the bank, so the boosted money supply would be the same value as it has been deposited.
d. If half of the value is held by the public and half of the value is deposited with the bank at 10% of the reserves, the supply of money rises by half of the amount which is held by the public in addition of half of the value / reserve ratio that is 10%.
