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3 years ago

A ______ organization's purpose is to make money by offering products or services.

Business

2 answers:

denis23 [38]3 years ago

5 0

Answer:

A FOR-PROFIT organization's purpose is to make money by offering products or services

Arte-miy333 [17]3 years ago

4 0

Answer:

For-profit.

Explanation:

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Finance managers at Big Bend Inc. made a financial blunder when they solely looked at the previous year’s sales to estimate sale

saul85 [17]

Answer:

B. Perpetuating the status quo

Explanation:

The status quo is the current state of affairs. The manager preferred to safely quote the previous sales as future estimate. The previous sales in this case represents the status quo.

3 0

4 years ago

Southwest Airlines wants to raise $20 million to finance the renovation of their corporate offices, and the company wishes to ra

kompoz [17]

Answer:

Explanation:

Direct finance is when a company or individual borrows money directly from the financial market without the aid of a financial intermediary.

Examples include :

issuing bonds
issuing shares

Indirect finance is when a company or individual borrows money through a financial intermediary. for example, borrowing from a bank

6 0

3 years ago

A person who is highly knowledgeable or skilled in a particular domain, such as physics, anesthesiology, or teaching is best des

BaLLatris [955]

They are described as an expert. These people train several years to become some of the best in their field and also offer their own ideas and methods to make their domain grow and change. They are paid well based on their experience and skill.

5 0

3 years ago

National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January 1, 2021. The bonds mature o

Levart [38]

Answer:

Total $483,841.9681

cash 483,842 debit

discount on BP 16,158 debit

Bonds Payable 500,000 credit

attached the schedule

interest expense 24,192.1 debit

discount on BP 1,692.1 credit

cash 22,500 credit

interest expense 24276.7 debit

discount on BP 1776.7 credit

cash 22500 credit

Explanation:

The price of the bonds is the present valeu of the maturity and coupon payment at the market rate:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

Coupon payment:

22,500.000 (500,000 x 9% /2 )

time 8 (4 years x 2 payment per year)

rate 0.05 (10% / 2)

$22500 \times \frac{1-(1+0.05)^{-8} }{0.05} = PV\\$

PV $145,422.2871

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 500,000.00

time 8.00

rate 0.05

$\frac{500000}{(1 + 0.05)^{8} } = PV$

PV 338,419.68

PV c $145,422.2871

PV m $338,419.6810

Total $483,841.9681

We compare against face valeu to deteminate wether is premium or discount.

procceds 483,842

face value 500,000

discount on bonds payable -16,158

As lower it is a discount.

For the interst we calcualte doing market rate times carrying value at the time given.

then we subtract the cash outlay and the difference is the amortization in the discounts

5 0

3 years ago

Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only o

-Dominant- [34]

Answer:

Explanation:

Alpha = $195

Beta = $150

total production capacity = 123,000 pounds

raw materials = $5 per pound

Production costs per unit Alpha Beta

direct materials $40 $15

direct labor $34 $28

variable manufacturing overhead $22 $20

fixed manufacturing overhead $30 $33

variable selling expenses $27 $23

common fixed expenses $30 $25

total cost per unit $183 $144

1) What contribution margin per pound of raw material is earned by Alpha and Beta?

Alpha Beta

contribution margin $72 $64

contribution margin per pound $9 $21.33

2) Assume that Cane's customers would buy a maximum of 95,000 units of Alpha and 75,000 units of Beta. Also, assume that the company's raw material available for production is limited to 245,000 pounds. How many units of each product should Cane produce to maximize its profits?

Alpha Beta

contribution margin $72 $64

contribution margin per pound $9 $21.33

production (in units) 2,500 75,000

profits $30,000 $450,000

total profits $480,000

3) Assume that Cane's customers would buy a maximum of 95,000 units of Alpha and 75,000 units of Beta. Also, assume that the company's raw material available for production is limited to 245,000 pounds. What is the maximum contribution margin Cane Company can earn given the limited quantity of raw materials?

Alpha Beta

contribution margin $72 $64

contribution margin per pound $9 $21.33

production (in units) 2,500 75,000

contribution margin $180,000 $4,800,000

total contribution margin $4,980,000

4) Assume that Cane's customers would buy a maximum of 95,000 units of Alpha and 75,000 units of Beta. Also, assume that the company's raw material available for production is limited to 245,000 pounds. Up to how much should it be willing to pay per pound for additional raw materials?

If it wants to increase the production of Alpha, it could pay as much as ($195 - $183) / 8 = $1.50 extra per pound if it wants to maximize profits. Maximum price = $6.50 per pound. At this point, marginal revenue = price.

8 0

3 years ago