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Yakvenalex [24]

2 years ago

14

True or False. A scope management plan is used to develop, confirm, and control a common understanding of the project between cu

stomers, project team and management.

1 answer:

NARA [144]2 years ago

6 0

Answer:

True

Explanation:

the process of identifying and defining what actions are required to deliver a project's requirements

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Laura is using rent-to-own store to purchase a computer valued at $1,000. she is paying $25 per week for 104 weeks(2 years). why

aev [14]

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The loan contribute negatively to her financial well-being is because it takes longer for here to finish paying off the credit.

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3 years ago

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Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating lever

Flura [38]

Question Completion:

Magic Realm, Inc., has developed a new fantasy board game. The company sold 32,400 games last year at a selling price of $67 per game. Fixed expenses associated with the game total $567,000 per year, and variable expenses are $47 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 41,796 games next year (an increase of 9,396 games, or 29%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year?

Answer:

Magic Realm, Inc.

1-a. Contribution-Format Income Statement

For the last year ended December 31

Sales revenue $2,170,000 (32,400 * $67)

Variable costs 1,522,800 (32,400 * $47)

Contribution $647,200 (32,400 * $20)

Fixed expenses 567,000

Net operating income $80,200

1-b. Degree of Operating Leverage = Contribution/Net operating income

= 8.07

The expected percentage increase in net operating income for next year

= 235.3%

Explanation:

a) Data and Calculations:

Last year's figures:

Sales = 32,400 games

Selling price per game = $67

Variable cost per game = $47

Fixed expenses = $567,000 per year

1-a. Contribution-Format Income Statement

For the last year ended December 31

Sales revenue $2,170,000 (32,400 * $67)

Variable costs 1,522,800 (32,400 * $47)

Contribution $647,200 (32,400 * $20)

Fixed expenses 567,000

Net operating income $80,200

1-b. Degree of Operating Leverage = Contribution/Net operating income

= $647,200/$80,200 = 8.07

2. Next year:

Sales = 41,796 games

Sales revenue = $2,800,332 (41,796 * $67)

Variable cost = 1,964,412 (41,796 * $47)

Contribution = $835,920

Fixed costs = 567,000

Net operating income $268,920

The expected percentage increase in net operating income for next year

Increase in net operating income = $188,720 ($268,920 - $80,200)

= $188,720/$80,200 * 100 = 235.3%

5 0

3 years ago

Label each scenario with the term that best describes it. Use the midpoint method when applicable. Marcel Duchamp was a famous a

Masteriza [31]

Answer:

Paul Donut Franchisee : Perfectly Elastic Supply
P & G Facial Tissues : Elastic Supply
Papermate Pens : Inelastic Supply
Bright Ideas Lightbulbs : Perfectly Inelastic Supply

Explanation:

Price Elasticity of Supply is sellers' quantity supplied response to price change. P(Es) = % change in supply / % change in price.

Supply can be classified by Price Elasticity of Supply, as undermentioned :

Elastic Supply : P(Es) > 1 ; % change in supply > % change in price
Inelastic Supply : P(Es) < 1 ; % change in supply < % change in price
Unitary Elastic : P (Es) = 1 ; % change in supply = % change in price
Perfectly Elastic Supply : P(Es) = ∞ ; Supply responds infinitely to any slight price change & so prices are constant.
Perfectly Elastic Supply : P (Es) = 0 ; Supply responds negligibly to massive price change & so quantity supplied is constant

Paul Donut Franchise : Unlimited Supply at constant price, so supply perfectly elastic
P & G facial tissues : % change in supply i.e 66% > % change in price i.e 10% , so supply is elastic
Papermate pens : % change in supply i.e 10 % < % change in price i.e 15% , so supply is inelastic
Bright Ideas Lightbulbs : % change in supply 15% negligible in relation to 400% price change , so supply is perfectly inelastic

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3 years ago

Nancy has been asked to prepare a presentation for her class that compares the market share data of three breakfast cereals from

tresset_1 [31]

Bar graph and ur welcome bby

3 0

3 years ago

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A company's strategy can be considered "ethical" as long as: Select one: a. it does not entail actions/behaviors that cross the

Anni [7]

Answer:

A. it does not entail actions/behaviors that cross the moral line from "can do" to "should not do" (because such actions are unconscionable, injurious to others, or unnecessarily harmful to the environment).

Explanation:

What keeps a company going is their moral conduct and transparency. It is the basic ethics any company must possess. A company's service should be established within the phrases of "can do" and should not have exceptions attached such that it may cause harm if done otherwise.

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3 years ago