TIME REMAINING

If the Federal Reserve increases the reserve requirement, what effect will this have on the nation’s money supply? a. Increase t

dem82 [27]

The correct answer is c)

3 0

2 years ago

Olongapo Sports Corporation distributes two premium golf balls—Flight Dynamic and Sure Shot. Monthly sales and the contribution

Strike441 [17]

Answer:

Product Flight Dynamic Sure Shot Total

Sales $660,000 $340,000 $1,000,000

CM ratio 63% 78% 68.1%

Contribution margin $415,800 $265,200 $681,000

Fixed expenses ($589,500)

Operating income $91,500

1. Prepare a contribution format income statement for the company as a whole.

Revenue $1,000,000

Variable costs ($319000)

Contribution margin $681,000

Period costs ($589,500)

Operating income $91,500

2. What is the company's break-even point in dollar sales based on the current sales mix?

break even point = fixed costs / CM ratio = $589,500 / 0.681 = $865,638.77

3. If sales increase by $59,000 a month, by how much would you expect the monthly net operating income to increase?

operating income would increase by $59,000 x 0.681 = $40,179

4 0

3 years ago

Over the past 100 years or so, Binney and Smith's Crayola crayons have become household staples in more than 80 countries around

Vesna [10]

Answer: Maturity stage

Explanation:

Maturity stage tends to occur after growth and introduction stages. Maturity stage is known as one of the longest stages of product life cycle. Under this stage, the sales growth tends to decline; the organization tends to reach the highest point under a demand cycle; and thus advertising strategies tend to have a minimal impact on their sales growth.

4 0

3 years ago

Read 2 more answers

The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian ________ and the South Korean

Illusion [34]

Answer: GNP; GDP

Explanation:

The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian GNP and the South Korean GDP.

Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.

This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.

Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.

7 0

2 years ago

A sporting goods manufacturer budgets production of 48,000 pairs of ski boots in the first quarter and 39,000 pairs in the secon

professor190 [17]

Answer:

$831,600

Explanation:

The budget must account for all of the production of the first quarter and 20% of the production of the second quarter, the number of boots considered in the budget is:

$b= 48,000 +0.20*39,000\\b=55,800\ boots$

Assuming that each boot uses exactly 2kg of raw material and that the company has 19,200 kg on hand, the amount of raw material still required is:

$m = 2*55,800-19,200\\m=92,400\ kg$

If the cost per kg is $9, then the budgeted materials purchases cost for the first quarter is:

$C=92,400*\$9\\C=\$831,600$

The budgeted materials purchases cost is $831,600.

5 0

3 years ago