Thomas’ family also runs a gourmet food store that sells two main products: Premium Caviar and Goose Foie Gras. They import the Premium Caviar from Russia, and purchase Goose Foie Gras from Upstate New York. The two products are sold in boxes. Thomas gathers the following information:

When Thomas took accounting courses at college, he knows how to do cost-volume-profit analysis pretty well. However, he just remembers how to do the analysis for those companies with only one product. Therefore, he needs your help to calculate the following:

a. What is the business’ weighted-average contribution margin per unit? (show your computation)


b. Calculate the business’ break-even point in units assuming the current sales mix. (show your computation)


c. What will be the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales? (show your computation)

d. What is the business’ weighted average contribution margin ratio? (show your computation)

I have it completed... just need to check my work. I would appreciate a response as soon as possible.

Answer:

Fixed-rate asset; rate-sensitive asset

Explanation:

in the case when there is a 9 month maturity bucket so here the 3 month loan should be considered as the fixed rate asset as there is no change in the rate for the first asset while on the other hand there is a rate adjustment in 6 month so this is to be considered as the rate senstitive asset

Therefore the last option is correct

It allows a firm to enter a foreign market with relatively little risk. The following statements are true of the international business strategy of licensing.

An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.

An international business of licensing refers that the agreement. That has involved the two firms from different countries, The rights or resources are manufactured in foreign countries. The resources and rights may include patents.

Therefore, The statement is absolutely true. About The international business strategy of licensing.

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Answer:

If I were discussing the topic of work-life balance with a friend, I might use technology such as messaging apps or social media to communicate and exchange ideas. I might also use online resources, such as articles or blog posts, to share information and examples to illustrate my points.

Explanation:

If I were writing an academic paper about the topic of work-life balance, I would use technology in a more formal and structured way. I might use a word processor to write and organize my paper, and use online databases or research tools to find and cite credible sources to support my arguments. I might also use software to help me format my paper according to academic standards and create any necessary citations or references. Overall, the use of technology in writing an academic paper would be more focused on research and organization, while the use of technology in discussing the topic with a friend might be more casual and focused on exchange of ideas and information.

Answer:

1) Accounts receivable amount = $550,200 - $420,000

Accounts receivable amount = $130,200

% increase = $130,200/$420,000 * 100

% increase = 0.31 * 100

% increase = 31%

2. Inventory amount = $855,600 - $620,000

Inventory amount = $235,600

% increase = $235,600/$620,000 * 100

% increase = 0.38 * 100

% increase = 38%

3. Total asset amount = $2,909,750 - $2,575,000

Total asset amount = $334,750

% increase = $334,750/$2,575,000 * 100

% increase = 0.13 * 100

% increase = 13%

Answer:

Starting a business can be a challenging endeavor, especially in the face of economic difficulties such as those you mentioned. However, there are still many reasons why people might choose to start a business, even in difficult times.

One reason is that some people are driven by the desire to be their own boss and have control over their own destiny. They may feel that starting a business is the best way to achieve this independence.

Another reason is the potential for financial reward. While starting a business carries inherent risks, it can also be a way to achieve significant financial success. Many entrepreneurs are willing to take on these risks in the hopes of achieving a high return on their investment.

Additionally, some people may start a business as a way to pursue a passion or address a need in their community. They may believe that their product or service can make a positive difference in the world, and are willing to put in the hard work and dedication required to turn their idea into a reality.

Finally, it's worth noting that starting a business can also be a way for people to weather economic downturns. By creating their own source of income, entrepreneurs can potentially be more resilient in the face of economic challenges.

Explanation:

Savings have increased as a result of the higher lending rates, and the quantity of loanable money available has climbed. The need to borrow money at various interest rates is reflected in the request for loanable funds.

An amount that a borrower must pay to a loan as interest during the course of a loan, is stated as a percentage of the loan amount.

The nation's economic balances of fixed investments and savings impact the real interest rate. All other things being equal, if saving raises or asset growth declines, the real interest rate lowers; if saving grows or asset growth reduces, the real interest rate increases.

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Answer:

$7,200

Explanation:

According to the scenario, computation of the given data are as follows,

Total cost = $84,000

Salvage value = $12,000

Estimated life = 10 years

So, we can calculate depreciation expense by using following formula,

Depreciation yearly = (Total cost - Salvage value) ÷ Estimated life

= ($84,000 - $12,000) ÷ 10

= $72,000 ÷ 10

= $7,200

Answer: E. switch to a multiple supplier approach

Explanation:

Since the company has had issues with inventory in the past, then the recommendation of the production manager should be that the company should switch to a multiple supplier approach.

By switching to multiple supplier, the company can compare prices and also have alternative suppliers to call in case there's a challenge with a particular supplier.

Answer: c. is the difference between the fair value of the net tangible and identifiable intangible assets and the purchase price of the acquired business.

Explanation:

Question is not formatted correctly as it is asking for the definition of goodwill, not goodwill generated internally.

Goodwill is the difference between the net identifiable total assets of a company and the purchase price of that same company. It is essentially a premium paid on the book value of the company and it is influenced by a number of things such as location, customer base, profit potential and others.

The company that did the buying will then incorporate this goodwill into their own books. This is why companies that have a lot of goodwill on their books have usually been involved in acquisitions.

Answer: $289,000

Explanation:

For performance evaluation purposes, the amount of Maintenance Department cost that should be charged to the Paints Division at the end of the year will be calculated thus:

= (20000 × $2) + ($830,000 × 30%)

= $40,000 + ($830000 × 0.3)

= $40000 + $249,000

= $289,000

Answer:

1. Before-tax profit = $700,000

2. Number of units that will yield the operating income = 15,889

3. Operating income = $700,010

4-a. The units sold to reach a $420,000 target net income would be lower than the units calculated in Requirement 2 and used in Requirement 3.

4.b. Number of units needed at the new tax rate = 15,291

Explanation:

1. Calculate the before-tax profit needed to achieve an after-tax target of $420,000.

The before-tax profit can be calculated as follows:

After-tax target profit = Before-tax profit * (100% - Tax rate) ……………….. (1)

Substituting the relevant values into equation (1) and solve for Before-tax profit, we have:

$420,000 = Before-tax profit * (100% - 40%)

$420,000 = Before-tax profit * 60%

Before-tax profit = $420,000 / 60%

Before-tax profit = $700,000

2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. (Round to the nearest unit.)

The number of units can calculated as follows:

Contribution margin = Selling price per unit - Direct materials per unit - Direct labor per unit - Variable overhead per unit - Variable selling expense per unit = $300 - $90 - $65 - $16 - $14 = $90

Before-tax profit = (Contribution margin * Number of units that will yield the operating income) - Total fixed factory overhead - Fixed selling and administrative expense ………………. (2)

Substituting the relevant values into equation (2) and solve for Number of units that will yield the operating income, we have:

$700,000 = ($90 * Number of units that will yield the operating income) - $440,000 - $290,000

$700,000 + $440,000 + $290,000 = $90 * Number of units that will yield the operating income

$1,430,000 = $90 * Number of units that will yield the operating income

Number of units that will yield the operating income = $1,430,000 / $90 = 15,889

3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2.

Olivian Company

Income statement

For the coming year

Details                                                                        $                       $          

Sales revenue ($275 * 15,889)                                                  4,369,475

Direct materials ($90 * 15,889)                      (1,430,010)

Direct labor cost per unit ($65 * 15,889)      (1,032,785)

Variable overhead ($16 * 15,889)                   (254,224)

Total fixed factory overhead                          (440,000)  

Cost of goods sold                                                                  (3,157,019)  

Gross profit                                                                                1,212,456

Selling and administrative expense:  

Variable selling expense (14 * 15889)           (222,446)

Fixed selling and administrative expense  (290,000)    

Total selling and administrative expense                               (512,446)  

Operating income                                                                     700,010  

4. What if Olivian had a 35 percent tax rate? Would the units sold to reach a $420,000 target net income be higher or lower than the units calculated in Requirement 3? Calculate the number of units needed at the new tax rate. (Round dollar amounts to the nearest dollar and unit amounts to the nearest unit.)

Before-tax profit = After-tax target profit / (100% - Tax rate) = $420,000 / (100% - 35%) = $646,154

Substituting the relevant values into equation (2) and solve for Number of units that will yield the operating income, we have:

$646,154 = ($90 * Number of units that will yield the operating income) - $440,000 - $290,000

$646,154 + $440,000 + $290,000 = $90 * Number of units that will yield the operating income

$1,376,154 = $90 * Number of units that will yield the operating income

Number of units that will yield the operating income = $1,376,154 / $90 = 15,291

4-a. The units sold to reach a $420,000 target net income would be lower than the units calculated in Requirement 2 and used in Requirement 3.

4.b. Number of units needed at the new tax rate = 15,291

Answer:

d. $1,020 unfavorable

Explanation:

Given the above information, Metlock inc's material price variance is computed as;

Materials price variance = (Standard price - Actual price) × Actual quantity

Material price variance

Standard price = $2

Actual price = $2.2

Actual quantity = 5,100 pounds

Therefore,

Material price variance

= ($2 - $2.2) × 5,100

= -$0.2 × 5,100

= $1,020 unfavourable

Answer:

true

Explanation:

Answer:

TRUE

Explanation:

i got it right

Answer:

$1,150

Explanation:

Given the above information, the value of the inventory method on June 30, using LIFO method would be calculated as;

= $828 + [ ($1,288 ÷ 184) × (184 - 138) ]

= $828 + (7 × 46)

= $829 + $322

= $1,150

Therefore, the ending inventory on June 30, using LIFO method is $1,150

Answer:

The description of the given question is explained below in the explanation portion.

Explanation:

Risk 1: New customer

Risk 2: Poor cost estimate

Risk 3: Difficult to maintain

Answer:

In order to accomplish its goal, the Fed needs to sell $5 million value of bonds.

Explanation:

First, we need to calculate the value of the bonds

Value of bond = Amount of Money supply x Reserve requirement rate

Where

Amount of Money supply = $50 million

Reserve requirement rate = 10%

Placing values in the formula

Value of bond = $50 million x 10%

Value of bond = $5 million

To increase the money supply the bonds are needed to be sold in the market.

Hence, In order to accomplish its goal, the Fed needs to $5 million value of bonds.

Answer:

b. $22,800

Explanation:

Particulars                                                                                Amount

Contribution                                                                             $15,000

Ordinary business income share                                           $16,800

Cash Distribution                                                                     $(9,000)

Conrad’s basis in his Sterling stock on January 1, 2013   $22,800

Conrad's basis in his Sterling stock at year end is $22,800.

Using this formula

Conrad’s basis in his Sterling stock =Contribution +  Conrad’s basis in his Sterling stock - Cash distribution

Let plug in the formula

Conrad’s basis in his Sterling stock =$15,000+$16,800-$9,000

Conrad’s basis in his Sterling stock = $22,800

Inconclusion Conrad's basis in his Sterling stock at year end is $22,800.

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Answer: C. cases that have been appealed

Explanation: I just did this question

Answer:

a

Explanation: I don't I just got It right I guess

When read vertically, an acrostic poem contains letters from each line that combine to spell out a word, name, or phrase. The word is usually spelled out by the first letter of each line, but it can be placed anywhere on the line.

Each line of an acrostic poem begins with a capital letter that vertically spells out the poem's theme. Acrostic poems do not have to rhyme, but other poetic devices such as alliteration, similes, and rhythm are frequently used to create an effect on the reader.

Thus, Each line begins with a capital letter that vertically spells out the poem's theme. Acrostic poems, like any other poem, do not have to rhyme, but they can use other poetic devices such as alliteration, similes, and rhythm.

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Answer:

Financial management makes decisions about managing finances: managing cash, using credit, paying bills, minimizing tax bills and borrowing costs, ensuring money for the firm’s current plan, and reporting the status of the finances. They are one part of the broader management team, and have a direct role in planning and can actually contribute profits or losses to the bottom line via their decisions.

Auditors are more like investigators or quality control: they don’t make business decisions, they make sure the financials being reported actually match the reality of what the company is doing. They usually are independent of management: they report to the board of the company, not the management they are auditing; they often have the mandate to look at anything they choose; they sometimes have a forensics function: collecting and analyzing evidence of serious wrongdoing if things are really out of control.

1.audit refers to the systematic process of examining verify of data related to the financial activities of an organization.

2.auditor is a professional inside audit

Financial management

1.Financial management refers to managing the fund of an organization.

2.finance manager is a professional inside finance management.

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

The issues that should be covered in the negotiations between your organization and the outsourcing organization are the following.

As it is written in the question, the corporate culture of the outsourcing company is one of the issues to be discussed because it is important that the outsource company understand your values, mission, and mission, so the relationship could be professional and amicable.

Then, one important aspect of the negotiation must be the lines of communication to be "on the same page."

Another issue is the services to be provided, the price for each service and the way results are going to be measured.

As important as the previous issue, is the quality of the people who are going to be temñporarly hired, so there are no big differences between the quality of work from the employees of your company vs. the employees recommended and hired by the outsourcing company.

The level of expertise at suppliers is a major concern of your company. The outsourcing company has to show ways provable ways that guaranteed the expertise of suppliers.

One final important aspect is the solution of controversies in case there are problems between suppliers and your company, knowing that the outsourcing company is responsible for the hirings and contracts with the outsourced workers.

Answer:

The answer is C and I am sure about that, so choose C

Answer:

                       Allowance for Doubtful Account

Accounts written off          $56       Beginning balance       $375

[$375+$14-$333]

                                                         Bad debt expense        $14

                                                         Ending balance             $333

                               Accounts Receivable (Gross)

Beginning balance           $13,389   Accounts written off     $56

[$13014+$375]

Net sales revenue            $69,943   Cash collected             $67,956

                                                            [$13389+$69943-$56-$15320]

Ending balance                 $15,320

[$14987+$333]

Which project management tool considers the longest time the completion of a sequence of activities might take?

To manage project activities, operations managers can calculate the ____ , which is a sequence of activities, the completion of which takes the longest time.

The project management tool that considers the longest time the completion of a sequence of activities might take is called the critical path. The critical path is a sequence of activities, the completion of which takes the longest time, and it determines the minimum amount of time required to complete a project. It is used to identify the most critical activities in a project and to ensure that they are completed on time in order to meet project deadlines. The critical path is determined by analyzing the dependencies between activities and the time required to complete each activity. By focusing on the critical path, project managers can ensure that the most important activities are prioritized and that the project stays on schedule.

Answer:

When the tax rate on income from savings is reduced, the following would take place.

c. Both the income and substitution effect would tend to reduce private saving.

Explanation:

Answer: $370,000

Explanation:

Based on the information given in the question, the total budgeted cash collections in April would be calculated as the addition of the sales value from February to April and this will be:

February sale = 5% × $700,000 = $35,000

Add: March sale = 25% × $500,000 = $125,000

Add: April Sale = 70% × $300000 = $210000

Total Collection = $370000

Cuba countries was not part of this agreement.

NAFTA stands for the North American Free Trade Agreement. It was signed in 1994 by the United States, Canada, and Mexico and went into effect on January 1, 1994. NAFTA removed most of the tariffs and other trade barriers between the three countries, allowing for the free flow of goods between all three countries. NAFTA also established trade rules and investment protections, which allowed for increased foreign investment in each of the three countries. NAFTA has been seen as a major success in terms of trade between North American countries, and has been credited with helping to boost the economies of the three countries involved.

NAFTA was negotiated by the leaders of the United States, Canada, and Mexico. China was not part of the agreement.

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Create and distribute your fundraising effort. Organize offline fundraising activities. Ask nearby companies to reciprocate donations. Sponsor group activities. Gather contributions for a school fundraiser are some method.

Fundraising, often known as fund-raising, is the process of soliciting and accumulating voluntarily contributed funds from people, businesses, nonprofit organizations, or state agencies.

The ideas that are used for fundraising can be:

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The question is incomplete, the complete question will be :

I want to create a project to get funds for education for all people who can not afford them. What can be the ideas that are used for fundraising