If the company instead expects to produce and sell 27,200 units for the year, calculate the expected level of income from operations.
------Flexible Budget------ ------Flexible Budget at ------
Variable Amount per Unit Total Fixed Cost 20,400 units 27,200 units
Contribution margin QS 23-4 Flexible budget performance report LO P1
Assume that actual sales for the year are $713,600 (27,200 units), actual variable costs for the year are $114,000, and actual fixed costs for the year are $134,000.
Prepare a flexible budget performance report for the year.
Answers
Assuming the company expects to produce and sell 27,200 units, the flexible budget at this level would be as follows:
Variable amount per unit: $20
Total fixed cost: $134,000
Contribution margin: ($20 x 27,200) - $134,000 = $14,800
Based on the actual sales of $713,600 and actual variable costs of $114,000, the actual contribution margin would be $713,600 - $114,000 - $134,000 = $465,600.
Therefore, the expected level of income from operations would be the flexible budget contribution margin minus the actual contribution margin, or $14,800 - $465,600 = -$450,800 (a loss of $450,800). A flexible budget performance report can be prepared to show these results and analyze the reasons for the variance.
If the company expects to produce and sell 27,200 units for the year, the expected level of income from operations can be calculated using the given information. Actual sales for the year are $713,600, actual variable costs are $114,000, and actual fixed costs are $134,000.
To calculate the expected level of income from operations, use the following formula:
Expected Income from Operations = Total Sales - Total Variable Costs - Total Fixed Costs
Expected Income from Operations = $713,600 - $114,000 - $134,000
Expected Income from Operations = $465,600
Therefore, the expected level of income from operations for the company when producing and selling 27,200 units is $465,600.
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Related Questions
2. If a school's total cost of attendance is $23,000 and your EFC is $5,000, how much need-based aid could you qualify for?
Answers
Answer:
$28,000 or $18,000
Explanation:
BOB OS THE BEST PERSON IN THE WORLD
If your COA is $10,000 and your EFC is $5,000, for example, you cannot get more need-based assistance than $5,000.
Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.
Describe EFC?Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.This amount was calculated using the information you provided on your Free Application for Federal Student Aid (FAFSA) form.According to the government, your EFC should be higher the more you can afford to pay for college.If one's EFC score is high, they will be eligible for less need-based federal financial aid for college.Your EFC is determined using a method that takes into consideration the family's benefits, assets, and both taxable and untaxable income.Learn more about EFC refer to:
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Owen is an hourly employee, and the line that models his total pay in dollars
as it relates to the number of hours he has worked has a slope of 25 and a y
intercept of 15. Which statement is true?
Answers
It is accurate to say this.
Owen makes $25 per hour, and it seems like he also got a $15 signing bonus.
How can I figure out a line's slope?Find the coordinates of each of the two locations you choose along the line. The y-coordinates of these two locations should be distinguished (rise). The difference between these two places' x-coordinates should be determined (run). Divided by the difference in x-coordinates (rise/run or slope), the difference in y-coordinates is determined.
What distinguishes salaried workers from hourly workers?Based on their total income, salaried employees typically receive the same amount each pay week. On the other hand, an hourly employee receives a defined wage for each hour that they work. For instance, if they work eight hours a day at $20 an hour, they would make $160 that day (before taxes).
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having activities with decreasing marginal returns is the only way that the proportionality assumption can be violated. (True or False)
Answers
The statement given "having activities with decreasing marginal returns is the only way that the proportionality assumption can be violated. " is false because the proportionality assumption can also be violated when there are fixed costs involved in production.
The proportionality assumption can be violated in various ways, such as if there are fixed costs or if there are economies of scale. Marginal returns only refer to the additional output produced by adding one more unit of input, and decreasing marginal returns simply mean that the additional output produced by each additional unit of input is decreasing.
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Critically explain Robbins definition of economics?
Answers
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
The Board of Directors of a national Health Care System is considering which electronic health record (EHR) system to use and how to implement the EHR in all of its facilities. As a Health Care IT consultant, the student will work with various team members at the corporate level to gather information and analyze the efficacy, safety/security/legal factors, cost effectiveness, and cost-benefit factors of two possible new systems to help them decide whether or not to implement one of them. The student will also recommend a high-level implementation plan that considers system cutover and change management.
Answers
The student will evaluate two EHR systems, analyze their factors, and recommend an implementation plan to the Board.
As a Medical services IT specialist, the understudy's job includes working with the Governing body and corporate colleagues to assess two potential electronic wellbeing record (EHR) frameworks for a public Medical services Framework.
The understudy's liabilities remember gathering data and directing examinations for the adequacy, wellbeing, security, lawful variables, cost viability, and money saving advantage contemplations of the proposed frameworks.
In light of the examination, the understudy will give suggestions to the Board with respect to the execution of one of the EHR frameworks.
Furthermore, the understudy will foster a significant level execution plan that includes framework cutover and change the executives, guaranteeing a smooth progress and fruitful reception of the picked EHR framework across all offices.
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Setting goals and figuring out how to achieve them describes the _____ function of the management process.
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explain the meaning of personal account,real account and nominal account,give five examples each
Answers
Answer:
An example of a Real Account is a Bank Account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest AccountTanya is a computer engineer she wants to serve the society by providing expert Computer Services at cheaper rate she opened her computer academy in a backward region for giving computer training to local people
identify the economic activity in which tanya is engaged by giving reason
Answers
The economic activity in which Tanya is engaged in is a business.
How to illustrate the information?It should be noted that from the information, it was stated that Tanya is a computer engineer and she wants to serve the society by providing expert computer services at cheaper rate.
This illustrates that she's into a service business as she provides service to the people.
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Do you think you should use a zero-based budgeting system? Explain why or why not.
Answers
A nonrival good is a good:
O where one person's use of the good does not reduce another person's ability to use the same unit of the good.
O in which only one version is available, so consumers do not have choices, although there are many sellers.
O that someone cannot be easily excluded from using.
O where the market has only one producer, so the producer does not face any rival suppliers.
Answers
The correct response is a) where one person's use of the good does not reduce another person's ability to use the same unit of the good.
Ability and capability, potential, or capacity are synonyms. It determines if you have the tools necessary to do a task. For instance, stamina is the capacity to endure physical effort over an extended period of time without becoming exhausted or gasping for air. Ability is merely the capacity of a person to perform an action. On the other hand, skill refers to a person's capacity for doing something especially effectively. You've been endowed with talent. Your talent will develop as you demonstrate your ability. Functional, self-management, and specialized knowledge are the three different categories of skills. Functional skills are gifts or aptitudes that are inherited from birth and are refined through practice and education. Making choices, maintaining machinery, or computing taxes are some examples.
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Bay Beach Industries wants to maintain their capital structure of 40% debt and 60% equity. The firm's tax rate is 34%. The firm can issue the following securities to finance the investments:
Bonds: Mortgage bonds can be issued at a pre-tax cost of 9 percent. Debentures can be issued at a pre-tax cost of 10.5 percent.
Common Equity: Some retained earnings will be available for investment. In addition, new common stock can be issued at the market price of $46. Flotation costs will be $3 per share. The recent common stock dividend was $3.60. Dividends are expected to grow at 6% in the future.
What is the cost of capital using debentures and external equity?
a. 10.96%
b. 13.12%
c. 11.30%
d. 11.69%
e. 11.35%
Answers
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b
c. 11.30
When a site is unsafe, it means a. Your personal information may be used in ways you do not want c. Permission to use that site at school is always allowed b. That site is okay to visit often d. All of the above Please select the best answer from the choices provided A B C D
Answers
Answer:A, Your personal information may be used in ways you do not want
Explanation:
If it is a unsafe site than there for your personal information can go places you do not want them to.
When a site is unsafe, it means your personal information may be used in ways you do not want. Thus, option 'A' is the correct option.
What does it mean when a website is unsafe?External connections to websites with phishing, malware, or unwanted software are known as unsafe domains. Phishing is when a website imitates another one in an effort to fool visitors into divulging personal or financial information. When you visit an insecure website, you run the risk of having your personal information compromised and/or having malicious malware installed on your system.
Additionally, you can fall prey to a phishing attack, or someone else might watch your activity or use your resources for their own gain. If the content you're seeking to view is harmful or misleading, a warning will appear. These websites are frequently referred to as phishing or virus sites. If you clicked on a phishing link, the first thing you should do is immediately unplug your device from the internet.
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Which of the following can be inferred from the figure below? Choose all that apply and explain your answer briefly. a) Marginal cost is increasing at all levels of output. b) Marginal product is increasing at low levels of output. c) Marginal product is increasing at high levels of output. d) Marginal cost is increasing at high levels of output.
Answers
The answer is option c. Marginal product is increasing at low levels of output.
Whenever the marginal product is growing and positive.It claims that the following can be seen when only one variable factor input is allowed to rise and all other inputs are kept constant: The Total Product (TP) grows at an increasing rate as the Marginal Product (MP) grows.
The growing marginal product?The overall product increases at an increasing pace when the marginal product is rising. If a company is going to make anything, they wouldn't want to produce it when the marginal product is rising since by hiring more people, their cost per unit of production would go down.
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solving for the interest rate associated with a stream of uneven cash flows, without the use of a calculator, usually involves a trial and error process.
T/F
Answers
True. Solving for the interest rate associated with a stream of uneven cash flows without the use of a calculator typically involves a trial and error-process.
When dealing with a stream of uneven cash flows, determining the interest rate manually usually requires an iterative approach, commonly known as a trial-and-error process. This involves selecting a hypothetical interest rate and calculating the present value of the cash flows. The calculated present value is then compared to the known present value of the cash flows. If the values do not match, a new interest rate is chosen, and the process is repeated until the calculated and known present values align.
This trial-and-error process is necessary because the relationship between interest rates and present values is not linear, especially for uneven cash flows. By iterating through different interest rates, one can narrow down the value that brings the present value closest to the known value, providing an approximation of the interest rate associated with the cash flows. While calculators or financial software can expedite this calculation, the manual trial and error process remains a viable method when such tools are not available.
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Below is the income tax system for the country of Genovia.
For income from $0 to $100, no income tax.
For all income above $100 but less than $400, the tax rate is 20%.
For all income above $400, the tax rate is 40%.
Jane Doe’s income is $500. What is her AVERAGE tax rate?
Group of answer choices
40%
33%
50%
20%
25%
Answers
Answer:
24%
Explanation:
The computation of the average tax rate is shown below:
Given that
From income $0 to $100, no income tax is applicable
From income above $100 upto $400, the tax rate is 20%
The income above $400, the tax rate is 40%
So based on the above information
Since the Jane doe income is $500
So here the average tax rate is
= (400 × 0.20) + (100 × 0.40) ÷ $500
= ($80 + $40) ÷ ($500)
= ($120) ÷ ($500)
= 24%
This is the answer but the same is not provided in the given options
A business has two types of employees-managers and workers. Managers earn either $100,000 or $200,000 per year. Workers earn either $10,000 or $20,000 per year. The number of male and female managers at each salary level and the number of male and female workers at each salary level are given in the two tables. We may conclude that the mean salary of female managers is higher than that of male managers, and the mean salary of female workers is higher than that of male workers, indicating the mean salary for female employees is higher than the mean salary for male employees. the mean salary of female managers is $40,000 greater than that of male managers. there are more females employed by this company than males, which will lower their salaries.
Answers
The given information does not support the conclusion that the mean salary of female employees is higher than that of male employees.
Based on the provided information, we cannot directly conclude that the mean salary of female employees is higher than that of male employees. The given data only provides the distribution of male and female employees within different salary levels, but it does not give us the actual salary figures or the total number of employees in each category. To calculate the mean salary, we need to know the actual salaries of individual employees and their corresponding gender.
Additionally, the statement that the mean salary of female managers is $40,000 greater than that of male managers contradicts the initial information which only provided the number of male and female managers at each salary level. Without the actual salary figures, we cannot determine the difference in mean salaries between male and female managers.
It is important to consider that salary disparities can be influenced by various factors such as experience, qualifications, job responsibilities, and negotiation skills. Without further information about these factors, it is not valid to make assumptions about gender-based salary differences within the given scenario.
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For both articles, what can you tell me about the values of Harvard and Entrepreneur?
Answers
The article referenced is "If you want to be an entrepreneur, don't go to Harvard.
What are the values of the Harvard Graduate viz a- viz that of the Entrepreneur?Regardless of the size of the organization, "Core Values" should be prioritized. Values direct the path of business, influencing strategy and decision making. Essentially, basic principles serve as the foundation around which we develop our firm. Core Values provides several advantages to the firm.
Students at Harvard have access to classes, research institutions, and faculty mentors from around the university. It's the ideal location to explore your favorite and yet-to-be-discovered academic interests, with world-renowned teachers, cutting-edge resources, and personalized training.
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A new parent-focused website is adding a blog to attract readers. Which of the following elements are likely to be discussed at the project plan approval meeting?
a.)
The editing guidelines document for the new blog
b.)
Preferred methods for communicating schedule changes
c.)
A list of topics that will be covered each week in the new blog
d.)
A review of the number of days assigned to testing the changes to the website
Answers
Answer: d
Explanation: :()
Kelly Kitchens operates both franchised and company-operated restaurants under the brand name Kelly Kitchens. Operating income, sales, and invested assets for both segments are provided as follows:
Answers
The profit margin for company-operated restaurants is 30%, and the profit margin for franchised restaurants is 80%.
To calculate the profit margin for both company-operated and franchised restaurants, we need to divide the operating income by the sales, and then multiply by 100 to get the percentage. Let's do the calculations:
Company-Operated:
Profit Margin = (Operating Income / Sales) x 100
Profit Margin = ($180,000 / $600,000) x 100
Profit Margin = 0.3 x 100
Profit Margin = 30%
Franchised:
Profit Margin = (Operating Income / Sales) x 100
Profit Margin = ($192,000 / $240,000) x 100
Profit Margin = 0.8 x 100
Profit Margin = 80%
The complete question is:
Kelly Kitchens operates both franchised and company-operated restaurants under the brand name Kelly Kitchens. Operating income, sales, and invested assets for both segments are provided as follows:
Company-Operated Franchised
Operating income $ 180,000 $192,000
Sales 600000 240,000
Invested assets 1,500,000 150,000
a. Determine the profit margin for company-operated and franchised restaurants. Round to the nearest whole percent.
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13. A rate quote for an individual Line haul. Copy
Load quote
Spot quote
Freight quote
Carrier quote
Answers
Answer:
Spot quote
Explanation:
Intermodal transport can be defined as the transportation of goods in one and the same truck or loading medium without handling the goods themselves in a different transport modes.
A shipping container refers to a metal container made from steel and having the ability or strength to withstand all external factors during shipment or storage of materials. It is an essential part of transportation of goods or materials from one location to another, thereby boosting trade between countries.
The various types of shipping containers are, dry storage container, open-side storage container, ISO Reefer container, flat rack container, tunnel container, open top container, double doors container, thermal containers, intermodal freight container etc.
Basically, the two standard sizes of shipping containers are 20ft (6.06m) and 40ft (12.2m): which has a width of 8ft (2.43m) and height of 8.5ft (2.59m).
A spot quote for a freight refers to a rate quote for each individual Line haul. Thus, this rate is usually calculated using current market parameters without a contract.
This ultimately implies that, the spot rate is generally outside the contracted rates and is typically required to be sent immediately.
please help me!!! I literally have no clue what it is
Answers
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
Each day, Adama Corporation processes 1 ton of a secret raw material into two resulting products, AB1 and XY1. When it processes 1 ton of the raw material, the company incurs joint processing costs of $60,000. It allocates $25,000 of these costs to AB1 and $35,000 of these costs to XY1. The resulting AB1 can be sold for $100,000. Alternatively, it can be processed further to make AB2 at an additional processing cost of $45,000, and sold for $150,000. Each day's batch of XY1 can be sold for $95,000. Alternatively, it can be processed further to create XY2, at an additional processing cost of $50,000, and sold for $130,000.
Discuss what products Adama Corporation should make.
Answers
Adama Corporation should process the raw material into AB1 and XY1, then further process AB1 into AB2 while selling XY1 as is to maximize profit.
Adama Corporation should determine whether to sell products AB1 and XY1 as is or process them further into AB2 and XY2, respectively. To make this decision, we will compare the additional revenue generated from processing further with the additional processing costs for both products.
For product AB1:
Selling price of AB1: $100,000
Selling price of AB2: $150,000
Additional processing cost to make AB2: $45,000
Additional revenue from processing AB1 to AB2: $150,000 - $100,000 = $50,000
Since the additional revenue of $50,000 is greater than the additional processing cost of $45,000, it is more profitable for Adama Corporation to process AB1 further into AB2.
For product XY1:
Selling price of XY1: $95,000
Selling price of XY2: $130,000
Additional processing cost to make XY2: $50,000
Additional revenue from processing XY1 to XY2: $130,000 - $95,000 = $35,000
In this case, the additional revenue of $35,000 is less than the additional processing cost of $50,000. Therefore, it is more profitable for Adama Corporation to sell XY1 as is, without further processing.
In conclusion, Adama Corporation should process the raw material into AB1 and XY1. They should further process AB1 into AB2. They should sell XY1 as is to maximize profit.
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Type the correct answer in the box. Spell all words correctly.
Which quality helps a leader cooperate with team members?
_____ is a quality that helps a leader cooperate with the team on important matters to achieve company goals.
Answers
Answer:
agreeableness
Explanation:
I got the right answer on edmentum
Which of the following is a case of brand cannibalization?
A. A tea manufacturer introduces a new brand of tea that eats into the sales of an existing brand of another manufacturer.
B. A tea manufacturer introduces a new but inferior brand of tea to promote the sales of an existing tea brand in its product mix.
C. A tea manufacturer introduces a new brand of tea that eats into the sales of an existing tea brand in its product mix.
D. A tea manufacturer introduces a new brand of tea that has the unintended result of promoting the sales of an existing brand of another manufacturer.
Answers
Answer: C. A tea manufacturer introduces a new brand of tea that eats into the sales of an existing tea brand in its product mix.
Explanation:
Which product is more scarce (limited and desirable) A table or pizza? Why?
Answers
Answer:
A table could be scarce since its not on demand and not everyone wants a table while the pizza will be on demand since it is a popular fast food and everyone wants it.
A writer, an illustrator, a publisher and an agent would form a
a. Functional team
b. Choss-functional team
C. Management team
d. Corporate team
Answers
Answer:
b. Cross-functional team
Explanation:
A cross-functional team is composed of individuals with different skill sets. It is formed to accomplish a task that requires the input of different functional skills. Organizations form cross-functional teams by picking its members from various departments in the company. Cross-functional teams are always temporary and are disbanded when their mission is accomplished.
A writer, an illustrator, a publisher, and an agent have diverse skill sets. The team they would form is cross-functional
why is training important for a good job?plz answer
Answers
Advantages of training
Increased job satisfaction and morale among employees.
Increased employee motivation.
Increased efficiencies in processes, resulting in financial gain.
Increased capacity to adopt new technologies and methods.
Increased innovation in strategies and products.
Use these graphics to answer the question.
An association of medical researchers examined exercise trends among adults.
pls help need an answer fast
Which ratio shows the relationship between the total percent of people who exercised in 2014 to the percent of adults ages 18–24 who exercised in 2016?
47:42
58:45
48:59
48:50
Answers
The ratio that represents the relationship between the total percent of people who did exercise in 2014 compared to the the percent of adults ages 18–24 who exercised in 2016 is 48:59.
What is a ratio?A ratio is the comparison of two figures, this can be done with the past data, or can be done with the budgeted or any competitor. In the example given the data is compared with the past data, base year is 2014 and the current year is 2016.
The ratio that is calculated represents that the total percentage of people were 48% in 2014 and the adults in 2016 as a total represents a percentage of 59% and therefore the ratio is 48:59.
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If the absolute value of the price elasticity of demand for aspirin equals 0. 8 then.
Answers
Since the value of the price elasticity of demand for aspirin equals to 0.8, which is less than 1, means that demand for aspirin is inelastic.
Price elasticity od demand measures how much a product's consumption changes in response to price changes. Price elasticity quantifies as responsively a good's supply and demand are to changes in price. It is calculated by dividing by the percentage change in price the percentage change in the quantity delivered.
The link between price and the quantity wanted or provided is depicted by the demand and supply curves. The ratio between both the amount of quantity change required and the price elasticity of demand.
The change in quantity demanded due to price could be more with slight change in price or it could be less as well, price elasticity of demand exactly measure the change happened.
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Which is an example of a meta-search engine?
a) Hilton website
b) Hotels.com
c) Kayak
d) All of these
Answers
Answer:
c) Kayak
Explanation:
I got it right
Kayak is an example of a meta-search engine. Unlike a traditional search engine that searches its own database of indexed web pages, a meta-search engine gathers results from multiple search engines and presents them to the user. Hence, option C is the correct answer.
Kayak specifically focuses on aggregating travel-related information, including flights, hotels, and car rentals, from various sources such as airlines, hotel booking websites, and other travel search engines.
By providing results from multiple sources, Kayak allows users to compare prices, availability, and other relevant information across different platforms.
Hence, option C is the correct answer.
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