Sorento Company has two divisions: Sporting Goods and Sports Gear. The sales mix is 45.00% for Sporting Goods and 55.00% for Sports Gear. The company incurs $12,500 in fixed costs. The contribution margin ratio for Sporting Goods is 70.00%, while for Sports Gear it is 10.00%. What is the company's weighted-average contribution margin ratio?

Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000

The Owners equity is one of the parts of the Accounting equation which is:

Assets = Liabilities + Owners Equity

The Assets in this instance is $573,000 and the Liabilities are $272,000.

The Owner's equity is the missing amount and it can be found as:

573,000 = 272,000 + Owners Equity

Owners Equity = 573,000 - 272,000

Owners Equity = $301,000

Find out more on owner's equity at https://brainly.com/question/28222828

#SPJ1

Answer:

6%

Explanation:

The computation of the internal rate of return is shown below:

We know that

Initial investment = Annual cash inflows × PVIFA factor (rate,nper)

$432,605 = $77,500 × PVIFA(rate,7)

PVIFA(rate,7) = $432,605 ÷ $77,500

PVIFA (rate,7) = 5.582

Now we use the PVIFA table

So here the rate that should be considered is 6%

Answer:

Segmentation is to divide something into separate parts or sections

Answer:

b. call to action

Explanation:

An element of an effective advertisement is Frank's billboard missing is Call to action. Thus the correct option is B.

An advertisement is referred tool of promotion to create awareness of any product among customers and persuade them to make a purchase which helps in the sales of the product.

In this paragraph, it is described that Billboards have a catchy slogan that gets successful gets the attention of the customer, and influences them to make a visit to their website.

The element of effective advertising which the billboard is missing is a call to action that encourages customers to take action of buying. Here Billboards is unable to tell a story to engage customers so that they will not turn their actions of buying.

Therefore, option B is appropriate.

Learn more about Advertisement, here:

https://brainly.com/question/3163475

#SPJ5

Answer: budgeting the money and buying the resources

Explanation:

It totally depends upon the market of the store, if it is a children-based store then they should try to appeal to children, therefore, the best answer could be the combination.

When used as a noun, store frequently denotes a location where goods are sold, like an electronics store. The meaning of the word, "a supply of anything held for future use," probably led to this meaning. The action of storing something alludes to putting something away for later.

A sort of retail establishment known as a target store is created to serve as a destination unto itself. The size of destination stores typically draws a lot of customers. They frequently offer a large variety of goods and services in addition to other facilities that enhance the shopping experience.

To know more about the store visit:

https://brainly.com/question/7160004

#SPJ1

The three consumer rights that consumers have when buying a service are the right to be informed, the right to choose, the right to safety.

The Consumer Bill of Rights protects consumers. Consumers have the right to be informed, the right to choose, the right to safety, the right to be heard, the right to have problems corrected, the right to consumer education, and the right to service, according to the bill.

Access to essential goods and services such as adequate food, shelter, clothing, health care, education, and sanitation - basic needs that should be available to all consumers - is defined as service.

Therefore, consumer right are essential when buying a service.

To learn more about Consumer rights, click here:

https://brainly.com/question/24225587

#SPJ1

The constant growth model can be used if a stock's expected constant growth rate is less than its required return. So, the correct answer is option a.

Dividends (D1) For next period = D1 (1 + g)

= 1.65 x(1.035)

= 1.7388

P0 = (Div1 )/(r - g)

= 1.7388

= .0875- .35

= $33.12 per share

Div 1 = Dividend for next period

r = required rate of return

g = growth rate of dividend

A dividend is the payment of business profits to qualified shareholders.

The board of directors of an organisation decides on dividend distributions and quantities.

When expressed as a percentage of a company's stock price, the dividend yield is the dividend paid out per share.

Many businesses save their profits to reinvest in the business rather than paying dividends.

Shareholders with voting rights must approve dividends. Although they are less prevalent, dividends can also be distributed as stock shares.

To know more about Dividends visit:

https://brainly.com/question/14286796

#SPJ9

Therefore, the balance of the check is. $2045.19

The following sheet has to be used by Tina Weaver’s monthly statement

The ending balance on the statement is the final money left with an entity after all the transaction procedure. Here the ending balance is provided by the monthly statement itself. Else we have to find out by the formula opening balance +deposits-withdraws

Thus, the ending balance is equal to $1434.19

Step 3/7

b.

Outstanding deposit refers to a company's receipts (cash, checks from customers, etc.) which have been recorded by the company, but the amount will appear on its bank statement at a later date. An outstanding deposit is also known as a deposit in transit.

Thus the outstanding deposit in this case is a deposit payment of.$700

Step 4/7

c.

Total outstanding withdrawal is the amount that has been promised to be paid in the near future. I this case, check number: 397 and 399 are not on the bank statement. The sum of their amounts that is which is equal to $89.00 is the total outstanding withdrawal in this case.

Thus, the total outstanding withdrawal here is equal to $89

Step 5/7

d.

Revised statement balance is the balance shown on accounts of the balance statement. If there is some change in revision in the balance statement. The calculation of revised statement balance is as follows

which is equal to $2,045.19.

Thus, the revised statement balance is $2,045.19.

Step 6/7

e.

Balance of the check register is the closing balance of a company’s check 4register is known as balance

Therefore, the balance of the check is. $2045.19

Step 7/7

f.

The reconciliation of account is when the revised statement balance and the total balance of the check register match which is the case here as well. Thus, the account reconciles.

Read more about monthly statement here:

https://brainly.com/question/24714759

#SPJ1

Answer:

1 4 5 7

Explaination:

Answer:

1 4 5 7

Explanation:

After one year has passed after the date of this Memorandum or upon incorporation by interim change, this Memorandum is rendered null and useless.

Act) is the Inhofe National Defense Authorization Act for Fiscal Year 2023. The Act approves funding for the Department of Defense, Department of Energy national security programs, Department of State, Department of Homeland Security, and the Intelligence Community for the upcoming fiscal year.

The use of equipment made by a select group of Chinese manufacturers is forbidden by the National Defense Authorization Act (NDAA). For information on how to engage with the Office of Information Assurance to stop using products from prohibited manufacturers, continue reading.

To Know more about  Memorandum Visit:

https://brainly.com/question/30312937

#SPJ1

The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.

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.

Read more about selling price

brainly.com/question/28420607

#SPJ1

Answer:

Option B; Creating face-to-face interviews

Explanation:

Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.

The implementation of an enterprise resource management system can provide numerous benefits such as:

It helps to improve efficiency by automating and integrating various business processes which reduces the need for manual data entry and enabling real-time tracking of data. It also provide better data management by centralizing data storage and ensuring data accuracy and consistency across different departments.

This can lead to better decision-making and more informed business strategies which can lead to faster turnaround times, reduced costs, and increased productivity.

Read more about RMS

brainly.com/question/28478161

#SPJ1

At the center of all marketing efforts is the customer for understanding and meeting customer needs, wants and preferences is the primary focus of marketing.

The customer centric involves identifying target markets, conducting market research and developing products or services that resonate with consumers.

The effective marketing strategies aim to create value for customers, build strong relationships, and satisfy their demands better than competitors.

The customer serves as the guiding force that shapes marketing strategies and determines their success in the ever-evolving marketplace.

To know more about marketing here,

https://brainly.com/question/33994447

#SPJ6

Answer:

More motivated

Explanation:

Salary raise is a way of motivation to workers.

If the ordering cost is $150 per order and the annual carrying cost is $1.95 per unit. The economic order quantity that should be ordered from McKesson is  1,240units.

To determine the economic order quantity (EOQ) for the scalpels, we need to use the following formula:

EOQ = √((2DS)/H)

Where:

D = annual demand for scalpels (10,000 units)

S = ordering cost per order ($150)

H = annual carrying cost per unit ($1.95)

Substituting these values into the formula, we get:

EOQ = √((2 x 10,000 x $150)/$1.95) ≈ 1,240units

Therefore, the economic order quantity for the scalpels that should be ordered from McKesson is approximately  1,240 units. This means that Barnes Hospital should place an order for  1,240  scalpels at a time to minimize the total inventory cost (ordering cost + carrying cost). By doing so, they can minimize the costs associated with ordering and holding inventory while ensuring that they have an adequate supply of scalpels to meet their annual demand.

Learn more about EOQ here:https://brainly.com/question/26814787

#SPJ1

Answer: to a firm by government that prevents other firms from producing the same product or service

Explanation:

A public franchise is a right granted to a firm by government that prevents other firms from producing the same product or service.

This is done by the government in a situation whereby the government doesn't want a competition for the firm or doesn't want other firms to sell that particular good.

For example, if a particular firm comes up with a drug that can cure HIV/AIDS, the government may grant such firm a public franchise.

Yes, Allyson has a good promissory estoppel claim against her father, Houston. Promissory estoppel is a legal doctrine that allows a party to enforce a promise, even if there is no valid contract, if certain elements are met. Considering these elements, Allyson has a strong promissory estoppel claim against her father, Houston, as she fulfilled the requirements necessary to invoke this legal doctrine.

These elements are:

1. A clear and definite promise: In this case, Houston repeatedly promised Allyson that he would pay one-half of the costs for her education at a private, historically African-American college or university. Houston even reiterated this promise after Allyson's acceptance into Clark Atlanta University, specifically agreeing to pay one-half of her tuition, room, board, books, and other expenses.

2. Reasonable and justifiable reliance: Allyson relied on her father's promise by applying to and enrolling in Clark Atlanta University, forgoing opportunities to apply to and enroll in other colleges or universities of significantly less cost. Her reliance on her father's promise was reasonable and justifiable given the specific agreement they had regarding the financial support for her education.

3. Detrimental reliance: Allyson suffered a detriment by forgoing other opportunities and enrolling in Clark Atlanta University based on her father's promise. This detriment is evidenced by the fact that she incurred the costs of tuition, room, board, books, and other expenses at Clark, which she would not have incurred if she had chosen a less expensive option.

4. Injustice without enforcement: It would be unjust for Houston to refuse to honor his commitment after Allyson reasonably relied on his promise and suffered a detriment. Promissory estoppel exists to prevent such injustices and to hold parties accountable for their promises, even in the absence of a formal contract.

Learn more about Promissory Estoppel here:

https://brainly.com/question/15583496

#SPJ2

Answer:

The firm's days' sales uncollected for the year is 44 days.

Explanation:

Days’ Sales Uncollected is a liquidity ratio that is used to measure the number of days it takes a company to collect cash from its customers. It is the number of days before the receivable or credit balances from customers will be collected. It is also known as average collection period or days sales outstanding.

The formula for calculating the Days’ Sales Uncollected is given as follows:

Days’ Sales Uncollected = (Account receivable / Net credit sales) * 365 days

Substituting the relevant values from the question into the formula above, we have:

Days’ Sales Uncollected = ($73,422 / $608,500) * 365 =

Days’ Sales Uncollected = 0.120660640920296 * 365 days

Days’ Sales Uncollected = 44 days approximately.

Therefore, the firm's days' sales uncollected for the year is 44 days. That is, it takes the firm approximately 44 days to collect cash from his customers on average.

Answer:

hope this helps

Explanation:

An operating budget tends to have a longer time frame than a cash budget, although the period covered by an operating budget can be covered by a series of cash budgets. Operating budgets are tied to strategic, long-term plans, expressing a company's priorities based on its overall mission and direction

The confidence interval is given as 0.250 and 0.308

n = 502

x = 140

x/ n = proportion

= 140/502

= 0.2789

To find the proportion using 85%

1-0.85 = 0.15

0.15/2 = 0.075

Find the z value to be 1.44

\(p +- z*\sqrt{p'(1-p')/n\\}\\ = 0.279 +-1.44\sqrt{0.279(1-0.279)/502}\)

= 0.279 +- 0.029

= 0.250, 0.308

Hence the confidence interval is 0.250, 0.308.

Read more on confidence interval here:

https://brainly.com/question/15712887

#SPJ1

Answer:

B.

Explanation:

Starting your own business requires a separate, unique set of skills and will ask you to Evolve as a professional.

A. question

B. evolve

C. retract

D. separate

Answer: B

Explanation: just did this question and got it right

Answer:

It is more profitable to buy the part by $81,000.

Explanation:

Giving the following information:

Number of units= 31,000

Production costs:

Direct materials $3.50

Direct labor 8.00

Variable manufacturing overhead 2.50

Avoidable Fixed manufacturing overhead= 2.00

Total cost per part $18

Purchasing price= $18

Rent= $81,000

We need to determine whether it is more profitable to make the part or buy it. Of the fixed manufacturing overhead, we will take into account only the avoidable costs.

Make in-house:

Total cost= 31,000*18= $558,000

Buy:

Total cost= 31,000*18 - 81,000= $477,000

It is more profitable to buy the part by $81,000.

Answer:

$800,000

Explanation:

25% of the business is equal to 200,000, according to the contestants.

The entire company value is equivalent to 100%

25% = 200,000

100% = ?

100% = 200,000/25 x 100

=$8,000 x 100

=$800,000

Answer:

$330,000

Explanation:

Change in WC = Opening receivables - Closing receivables

Change in WC = $84,000 - $74,000

Change in WC = $10,000

The decrease in working capital is $10,000

Cash from operating activities = Net income + Decrease in Working Capital

Cash from operating activities = $320,000 + $10,000

Cash from operating activities = $330,000

Thus, the cash from operating activities is $330,000