The required volume sales in order to fulfill a target after-tax profit of $79,000 is 11,000 units.
Suppose x = number of units sold.
Revenue function:
R(x) = selling price per unit × number of units sold.
R(x) = 60.x
Cost function:
C(x) = variable cost + fixed cost
= variable costs per unit × number of units sold + fixed cost
= 40.x + 120,000
Gross profit function:
P(x) = R(x) - C(x)
P(x) = 60x - (40.x + 120,000)
P(x) = 20x - 120,000
Net profit = (1 - tax rate) × Gross profit
NP (x) = (1 - 0.21) × (20x - 120,000)
NP(x) = 0.79 × (20x - 120,000)
NP(x) = 15.8x - 94,800
79,000 = 15.8x - 94,800
15.8x = 173,800
x = 11,000
Hence, the company needs to sell 11,000 units to fulfill the target.
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ace electronics had cost of goods sold of $20,000. if purchases of inventory were $23,000 and ending inventory was $6,000, ace's beginning inventory must have been .
Ace's beginning inventory must have been $3,000.
The formula to calculate beginning inventory is = (COGS + ending inventory) – purchases
Beginning inventory = ($20,000 + $6,000) - $23,000
Beginning inventory = $3,000
Beginning inventory can be described as the total monetary value of items that are in stock and ready to use or sell at the start of an accounting period. Beginning inventory also called as opening inventory, beginning inventory matches the previous accounting period's ending inventory. To calculate beginning inventory, the first step is to figure out the cost of goods sold (COGS) and then add the value of the most recent ending inventory and then subtract the money spent on new inventory purchases.
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on july 1, 20x5, playa corporation paid $340,000 for all of seashore company's outstanding common stock. on that date, the costs and fair values of seashore's recorded assets and liabilities were as follows: cost fair value cash and receivables $ 50,000 $ 50,000 inventory 120,000 125,000 buildings and equipment (net) 200,000 240,000 liabilities (100,000) (100,000) net assets $ 270,000 $ 315,000
Based on the preceding information, the differential reflected in a consolidation worksheet to prepare a consolidated balance sheet immediately after the business combination is $70,000.
The combination of numerous smaller businesses into a few considerably larger ones is known as consolidation. When used in the context of financial accounting, preceding consolidation alludes to the compilation of a group company's financial statements into consolidated financial statements. Consolidation is a tax phrase that describes the treatment of a collection of businesses and other entities as a single company for tax purposes. Mergers are possible here, either through the transfer of two or more businesses to a new company or the transfer of one or more businesses to an existing firm. In business, consolidation preceding is the process of legally fusing two or more organizations into a single new one. Consolidation results in the demise of the original organizations and the creation of a new one.
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When the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called trade.
A free trade agreement is one in which the government does not impose taxes, quotas, or other restrictions on the goods that its residents can export or import from other nations.
An agreement to reduce import or export restrictions between two or more nations is known as a free trade agreement. Government tariffs, quotas, subsidies, and bans that obstruct the interchange of goods and services between nations are minimal to nonexistent under a free trade policy.
FTAs, a type of trade agreement, set the import and export tariffs and charges that nations apply with the intention of lowering or removing trade barriers and promoting global trade.
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a society characterized by a centralized government that has a monopoly over the legitimate use of force, a large diverse population, social stratification, and complex economies is called a group of answer choices band. tribe. chiefdom. state.
A society characterized by a centralized government that has a monopoly over the legitimate use of force, a large diverse population, social stratification, and complex economies is called a state
What is a state level society?
State Society refers to a Society which is established and registered within a Project State under the known laws of the Borrower or the Project State and which is assigned financial management and implementation functions with the participation of the Project State in the given Project.
What do you mean by Centralised government?Central government includes all administrative departments of the state and other central agencies who have responsibilities cover the overall economic territory of a country, except for the administration of social security fund.
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quizlet a straight bankruptcy: question 46 options: eliminates all the obligations of a debtor. results in the loss of all the assets of a debtor. results in the repayment of debt within 3 to 5 years. exempts a debtor from all tax payments and payments for alimony and child support. allows a debtor to retain some personal assets as per federal regulations. previous page next page
E. A straight bankruptcy allows a debtor to retain some other personal assets as per federal regulations.
Straight bankruptcy refers to a liquidation process in which all of the bankrupt's non-exempt property is gathered and distributed to creditors. In a straight bankruptcy, the debtor must turn over all of their assets to the court, which will distribute them among the debtor's creditors and discharge the debt.
The debtor looks to rehabilitation and reorganisation, instead of insolvency, and also the lender appears to look to future income of the bankrupt, rather than assets owned by the bankrupt, to satisfy its claims. This is how the borrower recovery provisions of the Act differ from plain bankruptcy.
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Do you think careers in computer graphics and animations are more artistic or more technical? Explain your answer
I think careers in computer graphics and animations are more artistic than technical and this is because computer graphics and animations need a lot of visualization and artistry.
What is Computer Graphics Animation?Computer Graphics is a type of graphics which involves generating images with the aid of a computer. This concept of computer graphics plays an integral role in the technology of today and that of the future. It is based on this that several aspects of digital photography, film, video games, cell phone and computer displays are produced.
Computer animation involves the process of manipulating images on a computer to create a moveable object. This type of technology is the bases for producing moveable objects such as in filmography.
Computer Graphics and animation is more artistic than technical because it involves a lot of artistry, visualization and imagination to put together a fine work of graphics.
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Anthony buys a couch from basaba interiors and arranges to pick it up from the store once he borrows a truck from a friend. Anthony pays for the couch and leaves the store. That night, the store burns down. According to the ucc, who is responsible for the cost of the couch?.
According to the Uniform Commercial Code (UCC), Anthony is responsible for the cost of the couch.
A uniform collection of rules and legislation for commercial transactions is known as the Uniform Commercial Code (UCC). The proliferation of state rules made it more and more challenging for businesses to conduct interstate commerce, which led to the creation of the UCC code in 1953.
The Uniform Commercial Code (UCC) is crucial because it creates a uniform legal and contractual foundation for business transactions between entities located in various states. The majority of states in the US have completely embraced the UCC legislation. The UCC code consists of nine distinct articles, albeit there are a few minor variances from state to state. Various forms of transactions, including loans and banking, are governed by the UCC articles.
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You borrowed $1,690 for 5 1/2 years a at 5.7% compounded semi annually. What total will you pay back?
Answer: You will pay $2,302 back.
Explanation:
following the birth of a child, a parent wants to make an initial investment p0 that will grow to $60,000 for the child's education at age 17. interest is compounded continuously at 5%. what should the initial investment be? such an amount is called the present value of $60,000 due 17 years from now.
the initial investment should be 23204.46 of the amount is called the present value of $60,000 due 17 years from now.
Funding is the dedication of money to the purchase of an asset to achieve growth in value over a period of time. Investment requires a sacrifice of a few gift assets, together with time, cash, or effort.In finance, the motive of making an investment is to generate a return from the invested asset. The go-back might also include a gain (earnings) or a loss found out from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or funding earnings which includes dividends, hobby, or apartment income, or a mixture of capital gain and earnings. The return can also encompass currency profits or losses due to modifications in overseas forex prices. Traders generally assume better returns from riskier investments. Whilst low-threat funding is made, the go-back is also generally low. Further, the excessive hazard comes with a hazard of high losses. Investors, in particular beginners, are regularly cautioned to diversify their portfolios. Diversification has the statistical effect of lowering basic chance.
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a likely example of complementary goods for most people would be a. lawnmowers and automobiles. b. butter and margarine. c. chips and salsa. d. cola and lemonade
Chips and salsa are the likely example of complementary goods for most people.
When used in combination with another item or service, a complimentary one is considered. The complementary item often has little to no value when consumed on its own. However, when paired with another good or service, it raises the bid's overall value.
If a product and another have a relationship that benefits both parties, they are said to be complimentary. Butter and jam are a common accompaniment to bread, which is a nice example.
The shared demand feature of the complementary goods makes interaction easier since the customer wants the replacement good if the price of the first one changes. In economics, this connection is referred to as negative cross-elasticity of demand.
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A factory in germany produces millions of auto parts a year, and has been able to reduce its costs per unit as it increased its production. This demonstrates the concept of.
A factory in Germany produces millions of auto parts a year and has been able to reduce its costs per unit as it increased its production. This demonstrates the concept of economies of scale.
A factory, also known as a manufacturing plant or production facility, is an industrial building, sometimes a complex made up of many buildings filled with machinery, where employees produce goods. Economies of scale are the cost advantages that businesses have as a result of their size of operation.
They are frequently quantified by the amount of production generated in a given amount of time. Scale can be increased when the cost per unit of output decreases. Economies of scale play a crucial role in business since they can give organizations a competitive edge in their sector. Businesses will consequently want to achieve economies of scale whenever possible.
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you just opened a brokerage account, depositing $4,000. you expect the account to earn an interest rate of 10.2%. you also plan on depositing $1,500 at the end of years 5 through 10. what will be the value of the account at the end of 20 years, assuming you earn your expected rate of return? group of answer choices $62,319
TOTAL: 27905.60 + 30723.44 = 58629
1) N = 20, PV = -4000, I = 10.2%, and FV = 27905.60
Briefing:-1) N = 20, PV = -4000, I = 10.2%, and FV = 27905.60
2) Years: n = 15, I = 10.2%, PV = 1500 > FV = 6438.95; n = 14, I = 10.2%, PV = 1500 > FV = 5842.97; n = 13, I = 10.2%, PV = 1500 > FV = 5302.15; n = 12, I = 10.2%, PV = 1500 > FV = 4811.39; n = 11, I = 10.2%, PV = 1500 > FV = 4366.05; n = 10, I =
TOTAL: 27905.60 + 30723.44 = 58629
Is opening a brokerage account a wise move?Brokerage accounts, often known as taxable investment accounts, may be able to enhance your nest egg more significantly than tax-advantaged retirement plans under the right conditions. Because they provide tax advantages that you won't find elsewhere, we always advise investing first in your 401(k) and IRA.
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consider the economy of nippon which is operating at the zero lower bound for the nominal interest rate. there is a large government deficit and the economy is at the potential output in period t. a newly elected government vows to cut spending and reduces the deficit in the subsequent periods. the is-lm-pc model for this economy is given by:
The zero lower bound describes the restriction on nominal interest rates' ability to decline below zero. When it reaches zero and is combined with deflation,
it creates a liquidity trap, which prevents additional loans to banks since individuals are hoarding their money as a result of deflation.
What is Zero lower bound?
When the economy needs a boost, a central bank can use the zero-bound tool, which lowers short-term interest rates to zero. A central bank that is compelled to implement this policy must also use other, frequently unconventional, simulative measures to revive the economy.
The lowest point rates can be lowered to before they can no longer be done is the zero-bound. When the economy reaches this point and is still performing poorly, the central bank is no longer able to stimulate the economy by raising interest rates. The liquidity trap is the term economists use to describe this situation.
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those who exhibit similarities in occupations, education, and income level, and have similar tastes in style and activities are members of a(n) .
Answer:Social class
Explanation:
30 POINTS!!! HELP ASAP!! PLEASE!!!
Should Record:
Theo estimates that he might have to incur additional expenses for the purchase of raw materials next month
Jacob bought goods for the business on credit
JSL Inc. bought stocks of another company
Shouldn't Record:
Jerry buys fuel for his personal car
Sarah estimates that the market value price of the office building has risen by $50,000
By preventing the income and assets from being inflated in the firm's reporting, the principle of prudence is the technique of making sure the company is not overpriced. The prudence concept departs from traditional accounting in that it anticipates losses but does not account for them.
It guarantees accuracy in calculating the organization's liabilities. The foundation of accounting, on which the financial statements are built, is prudential accounting. It aids in providing a more accurate depiction of the costs, assets, liabilities, and revenue in the financial statements.
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cutting edge securities is the managing underwriter for a new issue of 1 million shares of abc common. while the underwriter has agreed to sell as muc
Cutting Edge securities is the managing underwriter for a new issue of 1 million shares of ABC common. While the underwriter has agreed to sell as much stock as possible in the market, ABC will cancel the offering if any portion of the stock remains unsold. This arrangement is known as what type of underwriting?
Best efforts.Standby.All-or-none.Mini-max.That arrangement is known as what type of underwriting all or none.
All or none can be defined as a finance term used in investment banking or securities transactions that refers to an order to buy or sell a stock that must be executed in its entirety, or not executed at all. The limit of all or none method is an order to buy or sell a security at or better than a specified price and the trade must be completed in its entirety or nothing at all and will remain active until the trade is executed or cancelled.
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The demand for cattle and an increase in railroad construction across the u. S. Contributed most directly to –.
The demand for cattle and an increase in railroad construction across the u. S. Contributed most directly to ranching.
A generic term for the art and science of forming things, systems, or organizations, construction derives from the Latin construction (from com- "together" and struere "to pile up"), as well as the Old French construction. [2] The noun construction refers to the process of building something, whereas the verb to construct refers to the act of building. Ranching is the management of a sizable farm, particularly one that is used to raise sheep, horses, or cattle.
Ranching Grain, vegetable, fruit, and nut crops are all produced by farmers. Additionally, they cultivate fibers like cotton, Texas' leading crop. Meat is what ranchers mainly produce. Leather is created from hides, and sheep and goats can have their hair sheared to produce wool and mohair.
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forward contract. the wolfpack corporation is a u.s. exporter that invoices its exports to the united kingdom in british pounds. if it expects that the pound will appreciate against the dollar in the future, should it hedge its exports with a forward contract? explain.
A corporation having interest payments due in pounds sterling would desire to exchange those payments for interest payments due in U.S. dollars, according to the question.
Therefore, consider whether the cost benefit of interest rate swaps is likely to be disseminated in the markets' fierce competition. What alternative explanations exist for the interest rate swap market's explosive growth? The corporation is the solution in this case. I'm sorry about the trip Powell, Charlene. What is there except US dollars? more on the money market than US dollars? Therefore, a higher monetary value indicates a higher rate of return. Thus, he would like the first two A swabs over others for this reason. the US dollar. Other factors include the need to balance liabilities with assets that are of a similar age and easiness. The current asset liability mismatch is yet another. And still another reason is that the value of money is unstable, which increases the risk of risks that dart me in a race. So, this is the solution to this issue corporation.
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One party has a comparative advantage over other parties in producing a given good when it can produce the good at the.
One party has a comparative advantage over other parties in producing a given good when it can produce the good at a lower opportunity cost than another.
The comparative advantage is a business enterprise's capacity to supply something greater efficiently than a rival, which leads to more profit margins. A differential benefit is whilst a business enterprise's merchandise is visible as both specific and of better best, relative to those of a competitor.
Someone has a comparative benefit at producing something if he can produce it at a lower cost than absolutely everyone else. Having a comparative gain isn't always the same as being the best at something.
Financial theory indicates that, if countries apply the precept of comparative gain, combined output can be increased in contrast with the output that would be produced if the two nations attempted to end up self-enough and allocate assets closer to the manufacturing of each good.
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Which country tops the nba avid fan index based on august data from yougov’s global fan profiles?.
According to statistics from yougov's worldwide fan profiles collected in August, the Philippines country tops the list of NBA fans.
A professional basketball league in North America is called the National Basketball Association (NBA). One of the top professional sports leagues in the US and Canada, the league has 30 clubs, 29 of which are based in the US and one in Canada. It is the world's top men's professional basketball league.
Owners of the largest ice hockey rinks in the Northeast, the Midwest, and Canada created the Basketball Association of America in 1946. The Toronto Huskies played the New York Knickerbockers at Maple Leaf Gardens on November 1, 1946, in what the NBA currently considers to be the first game ever played in NBA history.
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after an unexpected increase in the price of oil, the long-run adjustment the price level and the unemployment rate as they return to their original levels.
After an unexpected increase in the price of oil, the long-run adjustment decreases the price level and decreases the unemployment rate as they return to their original levels.
One mechanism that can help the economy recover from a shock and return to "normal" is the long-run self-adjustment mechanism. This presumption is based on the premise that an economy would self-correct and that shocks only have an impact in the near term. The self-correction process is really about price adjustment.
The percentage of the labor force that is employed that is unemployed is known as the unemployment rate (the labor force is the sum of the employed and unemployed). (Unemployed Labor Force) x 100 equals the unemployment rate.
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federal law requires that all tobacco products sold in the u.s. must contain a warning that tobacco is bad for your health. mike decides to grow tobacco and market cigarettes. mike however fails to attach the required warning. what best describes mike's liability for injuries caused from people smoking his cigarettes?
"Mike is liable. His actions are negligence per se with his duty to warn" describes mike's liability for injuries caused from people smoking his cigarettes.
A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.Assets can be compared with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.The short-term financial commitments of a business that are due in a year or within its typical operational cycle are known as current liabilities (e.g. accounts payable).On the balance sheet, commitments that aren't due for more than a year are referred to as long-term (non-current) liabilities.Learn more about Liabilities, here
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Identify the sentence type:
In spite of meeting, the team members were feeling overwhelmed.
Select an answer:
complex
simple
compound/complex
compound
In spite of the meeting, the team members were feeling overwhelmed. The sentence type is a compound sentence.
A compound sentence is made up of two impartial clauses joined by using a coordinating conjunction (for, and, nor, however, or, yet, or so) and a comma or by way of a semicolon alone. Instance: The pirate captain misplaced her treasure map, but she still found the buried treasure.
Usually, you use a lowercase letter to start the second independent clause. On account that compound sentences are single sentences, only the primary letter of the first clause is capitalized. Mastering these punctuation policies is critical for growing compound sentences.
A simple sentence incorporates one unbiased clause. A compound sentence contains more than one! Placed some other way: a simple sentence contains a topic and a predicate, however, a compound sentence includes more than one issue and more than one predicate.
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a retailer of electronic equipment received five vcrs from the manufacturer. two of the vcrs were damaged in the shipment. the retailer sold two vcrs to two customers.
A) No, this is not a binomial distribution because the probability of success is not the same for each trial
B) This is a hypergeometric distribution Yes, there is a functionC) P(both are damaged) = 2C2 / 5C2 = 1/10 = 0.1D) P(one is damaged) = 2C1 * 3C1 / 5C2 = 2 * 3 / 10 = 0.6.Binomial distribution summarizes the number of trials, or compliances when each problem has the same probability of attaining one particular value. The binomial distribution determines the likelihood of observing a specified number of successful issues in a specified number of trials. In a binomial distribution, the probability of getting success must remain the same for the trials we're probing. For illustration, when tossing a coin, the probability of flipping a coin is ½ or0.5 for every trial we conduct, since there are only two possible outcomes.
Swiss mathematician Jakob Bernoulli, in evidence published posthumously in 1713, determined that the probability of k similar issues in n reiterations is equal to the kth term( where k starts with 0) in the expansion of the binomial expression( p q) n, where q = 1 −p.
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which mid-18th century british economist, who came to be known as the father of free market and open trade systems, recognized the absurdity of mercantilism?
Which mid-18th century British economist Adam Smith, who came to be known as the father of free market and open trade systems, recognized the absurdity of mercantilism.
From the 16th through the 18th centuries, mercantilism was a trade-based economic system. According to the theory of capitalism, commerce must be regulated in order for governments to increase their wealth and level of dominance in the globe. Through increased exports and tariff-enhanced import restrictions, several European countries sought to amass the maximum possible portion of the riches.
Nations typically employed their military force to defend their own markets and supply sources because mercantilism was nationalistic in character.By the middle of the eighteenth century, free-trade economics had supplanted mercantilism.As needed, mercantilism provided protection for the business interests of manufacturers and merchants, including the English and Dutch East India Companies.Learn more about Mercantilism, here
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nick would like to identify the work performed and the working conditions of the receptionists at acme global. specifically, he would like to know more about their interrelationships with other workers and gauge the complexity of the job. in this case, the job analysis method would be most appropriate. questionnaire observation interview subject matter panel expert
Specifically, He would like to know more about their interrelationships with other workers and gauge the difficulty of the job. in this case, the observation job analysis method would be most appropriate.
A job analysis also provides a summary of the human traits that are necessary for the task to be completed successfully on a physical, emotional, and related level. An employer may choose salary and benefit, manage the project, and more with the assistance of a job analysis. Knowing exactly what is expected of them will benefit the staff members.
Nick would mostly like to identify the work performed and the working conditions of the receptionists at Acme Global. Specifically, he would like to know more about their interrelationships with other workers and gauge the difficulty of the job. In this case, the blanks job analysis method would be most appropriate.
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according to surveys what is the third largest expense of a typical american consumer
According to surveys what is the third largest expense of a typical American consumer Housing, transportation, and meals are typically the three biggest expense classes for the average American family.
Your house, your automobile, your meals. On an every-year foundation, those are often instanced the three largest expenses the everyday American has to make.
Extra often than no longer, your ability to live without difficulty for your circle of relatives' profits relies upon how correctly you are spending your greenbacks in those "huge three" areas.
The largest rate for most people is housing. At $1,050 in keeping with month, the price of having a roof over our heads is money owed for 21% of a family's month-to-month finances. percent of earnings is based on after-tax income.
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as a financial planner for a large organization, nour meets with clients and advises them on investments and retirement planning. which type of organization does nour work for?
Nour meets with clients as a financial advisor for a large company, offering advice on retirement planning and investing. Nour works for a service-oriented company.
Planning is the process of determining the steps necessary to carry out an objective. Foresight, the basic ability to mentally travel across time, is the foundation of planning. One of the main drivers of human evolution is supposed to have been the development of foresight, or the ability to plan ahead. The management task of planning include deciding on a course of action for achieving goals and creating objectives. One of the top three international financial websites is investing.com, a financial platform and news website. Market quotes, details on stocks, futures, options, analysis, commodities, and an economic calendar are all provided. Yes, stock market investing can make you wealthy. One of the most trustworthy strategies to gradually increase your wealth is through stock market investment.
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a corporation wanting to raise funds would try to find people who are interested in investing with that corporation. this process would be best facilitated by using a(n)
Investment bankers are employed by companies that wish to raise capital, expand, and attract additional investors. They collaborate with the corporation and offer appropriate advice on how to get investors.
An investment banker is a person who frequently works for a financial institution and whose main responsibility is to raise cash for businesses, governments, or other organizations.
Large, complex financial deals are made possible by investment bankers. For clients, these transactions can involve the organization of an acquisition, merger, or sale. The issuance of securities as a way to raise capital is another duty of additional investors. For a company to become publicly traded, this entails preparing the Securities and Exchange Commission (SEC) with comprehensive documentation.
By highlighting the risks involved with a project before a business moves forward, an investment banker can help a client save time and money. Theoretically, an investment banker is a subject-matter authority in their business who keeps a finger on the pulse of the market for investments. Investment bankers are frequently sought after for additional investors guidance on how to best plan the expansion of businesses and charity organizations.
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a company would like to produce 1000 products per week for 5 weeks.the direct material cost for the raw materials used in the product is $2.75 per product.in order to start production, the company must purchase a special drill that costs $600.00 (this is a one-time purchase).what is the total cost per product?
From the given information in the question, The total cost per product is $2.87.
Total cost per unit = Variable cost + Fixed cost
= $2.75 + [$600/ (1000×5)]
= $2.87 per product
In economics, total cost is the total of all expenses a company incurs to produce a particular level of output. It is typically expressed as the sum of all fixed costs (such as the cost of a building lease and the cost of large machinery), which do not change depending on how much output is produced, and all variable costs (such as the cost of labor and raw materials), which do change depending on the output level. Long-term rate of growth in variable costs with increasing output will be progressively greater if fixed costs are not changed (e.g., by purchasing a larger building or more heavy gear). This is because extra units of output have diminishing returns.Learn more about Total costs, here
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