Answer:
1) 30 concerts per year
2) If new marketing director is hired, the new break even point = 53 concerts per year.
If 54 concerts are made during the year, operating income = $1,800
3) 46 concerts per year
Explanation:
The first part of the question is missing:
"The lease payments on the concert hall are expected to be $4,000 per month. The organization pays its guest performers $1,800 per concert and anticipates corresponding ticket sales to be $4,500 per concert. The music society also incurs costs of approximately $1,000 per concert for marketing and advertising. The organization pays its artistic director $33,000 per year and expects to receive $30,000 in donations in addition to its ticket sales."
total fixed costs = salaries ($33,000) + rent ($4,000 x 112) = $81,000
net fixed costs = $81,000 - $30,000 (donations) = $51,000
contribution margin = ticket revenue - variable costs = $4,500 - ($1,800 + $1,000) = $4,500 - $2,800 = $1,700
break even point in units = $51,000 / $1,700 = 30 concerts per year
If new marketing director is hired, net fixed costs increase to $90,000:
new beak even point = $90,000 / $1,700 = 52.94 ≈ 53 concerts
if there are 54 concerts, operating income = (54 x $1,700) - $90,000 = $1,800
if the grant is received, then net fixed costs = $90,000 - $13,000 = $77,000
break even point = $77,000 / $1,700 = 45.29 ≈ 46 concerts
Sariah sets challenging sales targets for her team.
"Sariah sets lofty sales targets for her team" is an example of planning.
What is Planning?Thinking about the steps necessary to accomplish a goal is the process of planning. Foresight, the fundamental ability for mental time travel, is the foundation of planning.
The ability to plan ahead and exhibit foresight is assumed to have evolved early in the course of human evolution.
An essential characteristic of intelligent conduct is planning.
It entails applying logic and creativity to visualize both the desired outcome and the processes required to get there.
Planning's relationship to forecasting is a crucial factor.
Planning envisions what the future may look like while forecasting attempts to anticipate what it will look like.
"Sariah sets ambitious sales targets for her team" is an example of planning.
Therefore, "Sariah sets lofty sales targets for her team" is an example of planning.
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Correct question:
"Sariah sets challenging sales targets for her team" is an example of ____.
Constructing professional memo please help!!!!!! Quickly!!!!!
Memos are known for being succinct, direct, and simple to read. Despite being less official than letters, they nonetheless need to be written in a formal, concise manner.
A receipt or a cash memo?It provides information on the goods, including rate, amount, and number. Typically, they are printed and serially numbered. It is made in two copies. Since it differs from a receipt, cash memos do not need to be stamped.
What does memo in banking mean?In a bank memo, the routing information and bank account details associated with a company's business account are listed. It is normally written on bank letterhead and either a banker's signature or a teller's stamp is used.
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Choose one of the topics below. Compare and contrast the way in which you would use technology in 2 different scenarios: 1) discussing this topic with a friend and 2) writing an academic paper about this topic.
work-life balance
appropriate screen time for kids
local traffic congestion
a family vacation destination
one of your hobbies
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.
Kailyn obtains an insurance policy that protects her against liability for property damage resulting from the operation of her vehicle. This is
a. disability insurance.
b. automobile insurance.
c. malpractice insurance.
d. liability insurance
What happened to Kailyn was a traffic accident. Kailyn can use her automobile insurance.
Insurance is an agreement between two or more people in which the insured party pays contributions/contributions/premiums to receive compensation for the risk of loss, damage or loss, which may occur as a result of unexpected events.
Insurance cannot eliminate the risk of unexpected events occurring, but insurance can reduce the impact of losses arising from these events, whether on a small or large scale. Now insurance has become part of financial planning for some people for the long term. everyone is expected to have insurance, because by having insurance, any unwanted events can occur, and the impact of these events can be reduced.
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Identify the factors that positive leadership takes into account to be successful.
The four fundamental components of leadership—the led, the leader, the circumstance, and the communication—should be understood by every leader. When practising leadership, all four aspects must constantly be taken into account, although their effects on one another vary depending on the situation.
Competent, talented, secure, and caring leaders excel in their positions. These leaders are honest and authentic in their behaviors and words, and they make time for everyone. They publicly communicate to their staff that they value people. Someone who guides or directs others is a leader. A leader is someone who sets good examples and is trustworthy and honest.
In our community, there are many different sorts of leaders. Our school, religious institutions, and the government all have leaders. They discovered a close connection between the Big Five characteristics and leadership. In their research, extraversion was shown to be the characteristic most strongly connected with leadership, making it the most crucial quality for great leaders.
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Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.9 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations. The consultant averages 10 minutes with each customer.
A. Compute the operating characteristics of the customer waiting line, assuming Poisson arrivals and exponential service times. If required, round your answers to four decimal places.
Lq =
L =
Wq = hours
W = hours
Pw =
B. Service goals dictate that an arriving customer should not wait for service more than an average of 6 minutes. Is this goal being met? If not, what action do you recommend? Yes or No
C. If the consultant can reduce the average time spent per customer to 8 minutes, what is the mean service rate? If required, round your answer to one decimal place.
------ customer per hour
Will the service goal be met? Yes or No
A. Operating characteristics:
Lq ≈ 0.5017, L ≈ 0.9377, Wq ≈ 0.1730 hours, W ≈ 0.5063 hours, Pw ≈ 0.4833
B. Service goal: Not met. Action recommended.
C. Mean service rate: 7.5 customers/hour.
If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes).
A. To compute the operating characteristics of the customer waiting line:
Arrival rate (λ) = 2.9 customers/hour
Service rate (μ) = 60 minutes / 10 minutes per customer = 6 customers/hour
Average number of customers in the queue (Lq):
Lq = (λ^2) / (μ * (μ - λ)) ≈ 0.5017
Average number of customers in the system (L):
L = λ / (μ - λ) ≈ 0.9377
Average waiting time in the queue (Wq):
Wq = Lq / λ ≈ 0.1730 hours (approximately 10.38 minutes)
Average waiting time in the system (W):
W = Wq + (1 / μ) ≈ 0.5063 hours (approximately 30.38 minutes)
Probability of a customer waiting in the queue (Pw):
Pw = λ / μ ≈ 0.4833
B. The service goal is that an arriving customer should not wait for service more than an average of 6 minutes. However, the average waiting time in the system (W) is approximately 30.38 minutes, exceeding the goal. Therefore, the service goal is not being met.
Action recommendation: To meet the service goal, I would recommend taking the following actions:
Increase staffing: Hire additional design consultants to handle customer questions and product recommendations.
Improve efficiency: Streamline processes and provide training to the consultant to reduce the time spent with each customer.
Appointment scheduling: Implement a system for customers to schedule appointments, ensuring dedicated time slots for each customer and minimizing waiting times.
Self-service options: Provide self-service resources or online tools where customers can access basic information and make preliminary decisions, reducing the need for extensive consultations.
C. If the consultant can reduce the average time spent per customer to 8 minutes, the mean service rate can be calculated as follows:
Mean service rate (μ) = 60 minutes / 8 minutes per customer ≈ 7.5 customers/hour
Will the service goal be met? Yes
If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes). This is less than the service goal of 6 minutes, so the goal will be met.
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Business transactions
Answer:
A business transaction is a financial transaction between two or more parties that involves the exchange of goods, money, or services
If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe? a. There would be no change in price and the consumer would not notice. b. The government would tax individuals who bought too many potato chips. c. Consumers would pay the full $2 tax in the form of a price increase. d. The price of potato chips would rise by some amount, but by less than $2.
Answer
d. the price of potato hips would rise by some amount
Explanation:
If the government places a $2 tax per bag of potato chips on the producers, then the price of potato chips would rise by some amount, but by less than $2. Option (d) is correct.
What do you mean by Tax?In order to pay for general government services, goods, and activities, local, state, and federal governments must collect mandated payments or charges from citizens and corporations.
While taxes cause deadweight loss, the exact amount depends on a number of factors. The ability of a provider to deliver the desired goods to the customer and the amount that a consumer is ready to spend on a product are two of the most crucial factors. This is an illustration of the economic principle of supply and demand.
The supply curve shows an upward tendency when the price of potatoes rises by $2 tax because more potatoes are supplied. If a non-price element changes, the supply curve shifts to the right.
Therefore, Option (d) is correct.
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Which of the items below are the effective subject lines?
Performance Review Attached
Computer Time
Vending Machines Relocated
HelpDesk Closed Until Further Notice
This E-mail Message Contains Some Extremely Important New Information About Company Operations
Please Use the New Form in the Revised Employee Manual for Filling Out Your Time Sheets, the Procedure has Changed
New Payroll Reporting Procedures
with vivid example from Tanzania explain how commerce completes production process
Answer:
Commerce is a fundamental part of the productive economic process, through which the goods and services that were produced in an economy are placed on the market. Thus, it is part of the third sector of the economy, capitalizing production and supplying the public with the goods and services it needs for its daily development.
Thus, for example, the Tanzanian economy is made up of 80% agricultural production, which makes up the primary sector of the economy. This country lacks a developed industrial structure, so its secondary sector is very short. Now, the agricultural products that are produced in the country are marketed both in the domestic market and through exports, with which the tertiary sector of the Tanzanian economy is based in turn on the nation's primary production.
What is the rate if the base is 366 and the portion is 50
If base is 366 and quotient is 50 then the rate is 13.66%.
The given rate is calculated as follows: Rate = (Portion/Base) × 100Let's plug in the values to find the rate: Rate = (50/366) × 100= 13.66...% (rounded to two decimal places)Therefore, the rate if the base is 366 and the portion is 50 is 13.66%. In other words, the portion of 50 is 13.66% of the base of 366.To understand what rate is, let's look at an example: Imagine you have a bowl of fruit that contains 5 apples and 15 oranges. The rate of apples to the total fruit is (5/20) or 0.25, which is equivalent to 25% (since we multiply the decimal by 100 to get the percentage).The rate tells us how much of one thing there is in relation to the whole. In the example above, the rate of apples tells us that 25% of the fruit in the bowl is apples. Likewise, in the given problem, the rate of 13.66% tells us that 13.66% of the base of 366 is equal to the portion of 50.
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1. Juan earns $48,000 annually. He is paid twice a month. How much does he receive in gross pay in each check?
(Formula Salary/ times in a year he is paid)
O $1000
O $2000
O $500
O $3000
What is a major consequence of failing to pay back a loan on time?
A. Debt-to-income ratios decrease for late payments.
B. Borrowers can go to jail for late payments.
C. Borrowers' credit scores rise because of missed payments.
D. Banks can charge fees for missed payments.
SUBMIT
Answer: D; Banks can charge fees for missed payments.
Explanation: A pex
Major consequence of failing to pay back a loan on time is that Banks can charge fees for missed payments.
What is a loan?A loan is a quantity of money that one or more people or businesses obtain from banks or other financial organizations in order to handle their finances in connection with anticipated or unforeseen circumstances. By doing this, the borrower creates a debt that must be repaid with interest within a predetermined time frame.
Before any money is sent, the lender and borrower must agree on the terms of the loan. The loan document will specify any instances where the lender may ask the borrower to pledge an asset as security. A mortgage is a frequent loan taken by American households to pay for real estate.
Governments, businesses, and private persons can all get loans. The main purpose of taking out one is to obtain money to increase one's total available funds. The lender receives income from the interest and fees.
Depending on the specific financial requirements, there are numerous types of loans. Banks are able to offer both secured and unsecured loans. People choose secured loans because they have lower interest rates and a significant amount of money that may be utilized to buy a house or car. While personal loans, which have a higher interest rate and are typically granted for lesser sums for things like home improvement and other uses, are the most popular kind of unsecured credit.
Your ability to put up collateral and your credit score determine the maximum loan amount you may be eligible for. credit instruments such as credit cards, unsecured loans, and lines of credit.
Before any money or property is exchanged, the parties to the transaction agree on the terms of the loan. The loan documentation will specify any collateral requirements the lender may have. The majority of loans also have clauses governing the maximum interest rate as well as other covenants like the period of time until repayment is necessary.
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Your Competitive Intelligence team is predicting that the Digby Company will invest in adding capacity to their Deal product this year. Assume Digby's product Deal invests in increasing its capacity by 10% this year. Because of this new information, your company anticipates all other products in the Core segment will increase their capacity by the same amount. How much can the industry produce in the Core segment the next year
Answer:
13,288
Explanation:
The computation of the amount that industry produced in the core segment is shown below:
It can be determined in two ways i.e.
= 6,444 + 6,444
= 13,288
And, the other method is
= 6,444 × 2
= 13,288
In both the methods, the answer would remain the same
Hence, the 13,288 should be produced by the industry for the next year production
Two examples of factors of production
Answer:
land, labor, entrepreneurship, and capital
Explanation:
How do I cancel my subscription
Answer:
Explanation:
Step 1: Click on the Settings icon.
The Settings icon should be on your home screen and look like a gear.
Step 2: Tap your name. This should be at the top of the screen.
Step 3: Select “Subscriptions”
Step 4: Click on “Brainly Plus”
Step 5: Tap “Cancel Subscription”
what are the impacts of political environment on business?
Answer:
as u try to do the benefit of your representative and try to win
Briefly describe nine other driving forces that impact the motor vehicle industry most.
Some of the driving forces of the motor vehicle industry include:
Economic conditions. Consumer taste. Governmental regulations. Technological advances. Labor force skill. Supply chain management. International Competition. Political competition. Environmental risks. Which forces affect the motor vehicle industry?Economic conditions affect sales of motor vehicles as well as consumers changing their taste in the type of vehicles they want.
Government regulations such as those relating to environmental risk can also play a big part and political competition amongst nations can lead to supply chain disruption for motor vehicle manufacturers.
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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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what is the importance of credit in the economy?
Answer:
Credit leads to an increase in spending, thus increasing income levels in the economy. This, in turn, leads to higher GDP (gross domestic product) and thereby faster productivity growth. If credit is used to purchase productive resources, it helps in economic growth and adds to income
For each of the following, identify whether the transaction results in a DTA, DTL, or permanent difference. Group of answer choices Expenses incurred in obtaining tax exempt income [ Choose ] Estimated warranty costs accrued. [ Choose ] Excess of tax depreciation (MACRS) over straight line depreciation expense. [ Choose ] Rent prepaid by a lessee. [ Choose ] Unearned revenue. [ Choose ]
Discuss three typical categories of performance measurement that are commonly used for evaluation in the scorecard.
Answer:
The four dimensions of performance that are considered in a balanced scorecard are financial, customer, internal process, and learning and growth.A balanced scorecard will include qualitative and quantitative measures.Stakeholders cannot include stockholders.Explanation:
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how did the looting of shops and malls will affect the businesses in the the terms of the relationships between social responsibility and triple bottom line?
Businesses reduce their incentives that will lead to minimizing their ability to carry out their part for social responsibility of the triple bottom line.
The triple bottom line is an obligation on businesses to not just look for their profit but include and maintain a good balance between these factors:
economic growth social welfare environment impactBusinesses should follow the Triple bottom line:
Making profits Making sure that there is positive social welfare on their part. Maintain ecological footprintThus, The correct answer would be - the ability of businesses to meet both their social responsibility and Triple bottom line is minimized and not as it was in normal conditions.
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Exercise 3-59 (Algorithmic) Preparation of Closing Entries Grand Rapids Consulting Inc. began 2019 with a retained earnings balance of $28,900 and has the following accounts and balances at year end: Sales Revenue $163,820 Salaries Expense 91,660 Rent Expense 10,550 Utilities Expense 8,415 Supplies Expense 4,348 Income Taxes Expense 13,800 Dividends (declared and paid) 8,400 Required: 1. Prepare the closing entries made by Grand Rapids Consulting at the end of 2019. If an amount box does not require an entry, leave it blank. Dec. 31 (Close revenue accounts) Dec. 31 (Close expense accounts) Dec. 31 (Close Income Summary) Dec. 31 (Close Dividends account) 2. Prepare Grand Rapids Consulting's retained earnings statement for 2019. Grand Rapids Consulting Inc. Retained Earnings Statement For the Year Ended December 31, 2019 $ $
Answer:
1) December 31, 2019, closing entry for revenue account
Dr Sales revenue 163,820
Cr Income statement 163,820
December 31, 2019, closing entry for expense accounts
Dr Income statement 128,773
Cr Salaries Expense 91,660
Cr Rent Expense 10,550
Cr Utilities Expense 8,415
Cr Supplies Expense 4,348
Cr Income Taxes Expense 13,800
December 31, 2019, closing entry for income statement account
Dr Income statement 35,047
Cr Retained earnings 35,047
December 31, 2019, closing entries for dividends account
Dr Retained earnings 8,400
Cr Dividends 8,400
2) Grand Rapids Consulting Inc.
Retained Earnings Statement
For the year ended December 31, 2019
Beginning balance January 1 ,2019 $28,900
Net profits $35,047
Sub-total $63,947
Dividends ($8,400)
Ending balance December 31 ,2019 $55,547
Which one of the following taxes are NOT a mandatory, or
required deduction from your paycheck?
Federal Income Tax
O Retirement Savings
O State Income Tax
O FICA
State Income Tax can be deducted from paycheck.
State Income Tax are NOT a mandatory, or required deduction from your paycheck. Thus, its C.
What is State Income Tax?The majority of U.S. states also levy a state income tax in addition to the federal income tax that the nation as a whole collects. Several municipal governments also charge an income tax, frequently based on calculations made for the state income tax.
Individuals are subject to income taxes in 42 states and several localities in the US. A ninth state, New Hampshire, levies an income tax on individuals on dividend and investment income but not on other types of income.
Eight states have no state income tax. The income of companies is taxed by 47 states and numerous cities.
A fixed or graduated rate of state income tax is levied on the taxable income of individuals, businesses, and certain charities and trusts. Both the state and entity type tax rates are different.
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upper and lower extremity of bursitis
Answer:
the answer is your bookjdjhmmBooynoheCNN
The following information is taken from the production budget for the first quarter: Beginning inventory in units 1,200 Sales budgeted for the quarter 426,000 Capacity in units of production facility 472,000 How many units should be budgeted to be produced during the quarter if the company desires 3,200 units at the beginning of the next quarter
Answer:
428,000
Explanation:
Given that:
Beginning inventory = 1,200 units
Budgeted sales = 426,000
Desired ending inventory = 3,200
Now,
Production required is given as;
= (Budgeted sales + Ending inventory required) - Beginning inventory
= (426,000 + 3,200) - 1,200
= 428,000
Therefore, production required during the quarter is 428,000
In the context of automation strategy, what is a Center of Excellence?
If American Eagle used $100 million in cash to pay $100 million in accounts payable, how would its current ratio and acid-test ratio change? (Round your answers to 2 decimal places.) I just don't know how to get the acid test ratio change.
The way that the current ratio and the acid - test ratio of American Eagle will change after the use of $100 million cash to pay $100 million in accounts payable is:
Before After
Current ratio 1.39 1.45
Acid - test ratio 0.71 0.67
How to find the current and acid - test ratio?The current ratio is found by the formula:
= Current assets / Current liabilities
The current ratio before the payment is therefore:
= 1,047,930 / 751, 756
= 1.39
The current ratio after the payment is:
= (1, 047,930 - 100 million) / (751, 756 - 100 million)
= 947,830,000 / 651, 756
= 1.45
The acid test ratio is found by the formula:
= Quick assets / Current liabilities
Quick assets are the cash, marketable securities, and accounts receivables.
The Acid - test ratio before the payment is:
= (361,930 + 55,000 + 119,064) / 751, 756
= 0.71
The Acid - test ratio after the payment is:
= (361,930 + 55,000 + 119,064 - 100 million ) / (751, 756 - 100 million)
= 0.67
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do you think the crew of a submarine qualines for incentive pay (which means the crew is paid more than a similar crew would be in a surface ship
Explanation:
Submarine Duty Incentive pay is a monthly taxable pay for sailors attached to submarine staffs.
They can get Submarine Duty Incentive Pay:
.While attached to a submarine crew;
.While serving as an operator or crewmember of an operational submersible (including an undersea exploration or research vehicle);
.
While undergoing training for assignment to a nuclear or advanced design submarine, or training for advanced responsibility on a submarine;
.While undergoing rehabilitation after assignment to a nuclear-powered submarine;
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