Answer:
C. Maintain satisfactory academic progress
Explanation:
Federal student aid is performance based (usually with a GPA range in place), so maintaining such is what keeps students on track to continue receiving it.
The Merchant Company issued 10-year bonds on January 1. The 15% bonds have a face value of $100,000 and pay interest every January 1 and July 1. The bonds were sold for $117,205 based on the market interest rate of 12%. Merchant uses the effective interest method to amortize bond discounts and premiums. On July 1 of the first year, Merchant should record interest expense (round to the nearest dollar) of:__________.
a) $7,032
b) $8,790
c) $14,065
d) $7,500
Answer:
c) $14,065
Explanation:
Because I said so
The postal service of St. Vincent, an island in the West Indies, recently introduced a limited edition deluxe souvenir sheet priced at $15.00 each. The initial market response was quite positive, with an increase in unit sales compared to the regular souvenir sheets. The postal service sold a total of 50,000 units of the deluxe souvenir sheet.
Based on the given information, calculate the following:
What was the postal service's increase (decrease) in total contribution margin when it sold 50,000 deluxe souvenir sheets at $15.00 each, compared to selling 80,000 regular souvenir sheets at $8.00 each?
By what percentage did the St. Vincent post office increase the selling price for the deluxe souvenir sheet compared to the regular souvenir sheets? Additionally, calculate the percentage increase in unit sales for the deluxe souvenir sheet compared to the regular souvenir sheets. (Round your answers to one-tenth of a percent.)
If the postal service wants to maintain the same total contribution margin per unit for the deluxe souvenir sheets as it did for the regular souvenir sheets, what selling price should they set for the deluxe souvenir sheet? (Round your answer to the nearest whole dollar.)
Calculate the number of deluxe souvenir sheets the postal service would need to sell at the price determined in question 3 to equal the total contribution margin earned by selling 80,000 regular souvenir sheets at $8.00 each. (Round your answer to the nearest whole number.)
Please show your calculations and provide explanations for each answer.
1. the postal service experienced an increase in total contribution margin of $7.00
2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00
4. The exact number of deluxe sheets is 45.
Calculation of the increase (decrease) in total contribution margin:
The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:
Selling price of regular souvenir sheets: $8.00
Selling price of deluxe souvenir sheets: $15.00
Number of regular souvenir sheets sold: 80,000
Number of deluxe souvenir sheets sold: 50,000
To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:
Contribution margin regular souvenir sheets = Selling price - Variable cost
= $8.00 - Variable cost
Contribution margin deluxe souvenir sheets = Selling price - Variable cost
= $15.00 - Variable cost
To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:
Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular
= ($15.00 - Variable cost) - ($8.00 - Variable cost)
= $15.00 - $8.00
= $7.00
So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.
2. Calculation of the percentage increase in selling price and unit sales:
Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100
= [(15.00 - 8.00) / 8.00] * 100
= 87.5%
Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.
Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100
= [(50,000 - 80,000) / 80,000] * 100
= -37.5%
The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:
To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:
Selling price deluxe = Selling price regular + Increase in contribution margin
= $8.00 + $7.00
= $15.00
So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.
4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:
Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold
= ($8.00 - Variable cost) * 80,000
To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:
Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets
($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000
Simplifying the equation:
Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)
= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)
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3. What kind of method of growth does McDonald’s apply in the case ? How does it contribute to the McDonald’s value chain
The kind of method of growth that McDonald’s apply in the case is Market penetration.
McDonald's value chain analysis identifies all the major actions and supporting activities that significantly enhance the company's end product, and the business carefully examines these activities in order to either save costs or increase differentiation.
What method did McDonald's employ?Offering food at affordable costs has long been McDonald's pricing approach. This has contributed to the restaurant's long-term success. This has significantly contributed to McDonald's development as one of the world's leading fast-food brands.
When a product or service is successfully sold in a particular market, this is referred to as market penetration. The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
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Which 3 of these can you do when you select the Pencil icon on the bank account tile in the Banking center?
The three (3) activities that can be done when one select the Pencil icon on the bank account tile in the Banking center are the following:
reorder the accountsDrag and drop the bank/credit card accounts to the right place, and then hit Save.What is the Pencil icon on the bank account tile in the Banking center?The pencil icon is a digital tool for editing. Perhaps, one may wish to have a different name or perceived a different name to be better fitting or need to correct a wrong name, one can easily rename or correct it by clicking the pencil icon to the right of the title and enter a new name.
Therefore, the correct answer is as given above.
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The complete question goes thus:
Which 3 of these can you do when you select the Pencil icon on the bank account tile in the Banking center?
reorder the accounts
Drag and drop the bank/credit card accounts to the right place, and
Save
setting
commercial bank definition in your own words.
Answer:
The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.
can someone solve this case?
TIA
Answer:
a
Explanation:
Which of the following types of courts are the most prevalent nationwide?
A trial court is a type of court that is the most prevalent nationwide.
What is a court?A court can be defined as an enclosed space, where legal practitioners (judges, lawyers or attorneys and a jury) converge to hold judicial proceedings, especially by listening to evidences and giving a verdict about legal cases.
Within the Judicial system, the four (4) stages of the judicial process are:
PretrialTrialDispositionAppeals.What is a trial court?A trial court can be defined as a court with original jurisdiction and as such it is a type of court where issues of fact, evidence, laws, and testimony for a litigation are first received, considered and decided.
This ultimately implies that, a trial court is a type of court that is the most prevalent nationwide.
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Identify different ways of interpreting the Constitution. (Site 1)
Answer:
1. Living Constitution: Many authors claims that law can be interpreted on this way , which is to believe that Constitution has many meanings and that changes with the contemporary societies , when found main constitutional phrases to interpret.
Originalism: On this kind of interpretation, many authors says that Constitution and all its statements have to be interpreted on the way that originally all the people at the time did back in 1776.
Textualism: Here several authors claims that no one can give other meaning that one that stands in the statement on the law. Its a formalism form of interpretation and the main interpretation is based on the meaning of the legal text.
Purposive Approach: Many Authors like Aharon Barak claims that common law courts can interpret a statute, part of a statute, or a clause of a constitution within the context of the law's purpose.
Strict Constructionism: Strict constructionism claims that has to give a narrow, or strict, interpretation to a legal text, like the U.S. Constitution to any judge. It means that a judge can interpret a text ONLY as it is written.
2.It is called a "living document " because no law can be passed that would contradict its principles but it also allows for changes.A living document is a document that can be changed as new things come up.
3.The Constitution has laid out four paths for amendments.ratification by state legislatures. They describe the path that has been used for most amendments.
Explanation:
Answer:1. Living Constitution: Many authors claims that law can be interpreted on this way , which is to believe that Constitution has many meanings and that changes with the contemporary societies , when found main constitutional phrases to interpret.
Originalism: On this kind of interpretation, many authors says that Constitution and all its statements have to be interpreted on the way that originally all the people at the time did back in 1776.
Textualism: Here several authors claims that no one can give other meaning that one that stands in the statement on the law. Its a formalism form of interpretation and the main interpretation is based on the meaning of the legal text.
Explanation:
Hope this helps ;}
QUESTION 6 of 10: You can hire someone without experience for $13 per hour or someone with experience for $19 per hour. You believe the experienced person increases the sales per customer by $3. Each person handles about 12 customers per hour. Should you hire the experienced person?
a) Yes
b) No
Option A. Yes, you should hire an experienced person.
To determine if you should hire an experienced person or not, you need to calculate the sales increase against the cost of hiring an experienced person as compared to hiring someone without experience. If the sales increase is greater than the additional cost, then it is advisable to hire an experienced person.
Let's take a look at the calculation below:
If you hire someone without experience, it will cost you $13 per hour. If you hire an experienced person, it will cost you $19 per hour.
The difference in cost is $19 - $13 = $6.
The experienced person increases the sales per customer by $3. So if you have 12 customers per hour, the increase in sales will be 12 x $3 = $36.Therefore, if the additional $6 cost of hiring an experienced person is less than the sales increase of $36, then you should hire the experienced person.
The additional cost of hiring an experienced person: $6Sales increase per hour: $36
Therefore, if the sales increase per hour is more than the additional cost of hiring an experienced person, it is advisable to hire an experienced person. So, the answer to this question is "Yes, you should hire an experienced person". Therefore, the correct option is A.
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As a market moves from a single seller to a competitive one, a product's price _____.
stays the same
increases
decreases
Answer:
Decreases
Explanation:
True or False? A job interview is only for the business to find out about your skills and abilities. Question 15 options: True False
Answer: False
Explanation: Job interviews and used to get to know you as person as well and in you’re a good for for the job. Not just skills and abilities.
what is the first step in the project control process for measuring and evaluating project performance?
Answer:
Setting a baseline plan.Measuring progress and performance.Comparing plan against actual.Taking action.
Based upon its advertising slogan, the pizza restaurant that likely offers the best value proposition to its customers is A) Johnny's Pie Shop: "The Tastiest Pizza You've Ever Had." B) Fast n'Fresh Pizza: "Get fresh, hot pizza, delivered under 20 minutes—or it's free." C)Sustainable Slices: "Organic and sustainably sourced ingredients that are good for you and the planet." D)Loyalty Pizza: "One pizza, 5 points: to be redeemed with a pan pizza upon reaching 50 points." E)Crackerjack Pizza: "Open your pizza box and find a free gift. Hurry! Free gifts for 100 lucky customers." B
Fast n'Fresh Pizza offers great value with a promise of fresh, hot pizza delivered in 20 minutes or less, for free.
Option B. Fast n'Fresh Pizza: "Get fresh, hot pizza, delivered under 20 minutes—or it's free."Enjoy Fresh and Hot Pizza Delivered in 20 Minutes or Less—FreeOption B, Fast n'Fresh Pizza, offers the best value proposition to its customers. The restaurant's slogan, "Get fresh, hot pizza, delivered under 20 minutes—or it's free," promises customers fresh, hot pizza delivered in a timely manner, or they will receive their order for free. This kind of promise is sure to draw in customers, as they know they will be getting the freshest pizza possible, and that they won't have to wait too long for it. Additionally, the free pizza offer is a great incentive for customers to choose Fast n'Fresh Pizza.
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i need help asap ! thank you :)
Answer:
I purchased your Apple Cinnamon body wash about a month ago, and I recieved a Plum Raisin. I've come to know that you are no longer selling the Apple Cinnamon scent, and that is the only kind that I would like to have purchased, so I am looking to get a refund for the body wash you sent me. I know that you have a 90-day return policy, but only if the bottle is unopened, and I am asking you to make an exception for my purchase because the label gave me false information. You have labeled the bottle Apple Cinnamon, which is not only misleading, but an outright lie because the actual scent of the body wash was Plum Raisin. Even though you might say that the bottle was opened and I can't get a refund for that, I think that it is unfair of you to expect me to be satisfied with a body wash of the wrong scent. You didn't even think to contact me when you took Apple Cinnamon off your listing when I had ordered it, and you took a further step by hiding the label, I know that it is only acceptable if I get my money back for this product.
Thank you,
(Your name)
Explanation:
How jse reported the negative impact of the coronavirus on the economic conditions
Answer:
C
Explanation:
sorry if im wrong tried my best
the income statement is prepared first because the net income amount is a line item on the balance sheet.T/F
Because net income is a line item on the balance sheet, the income statement is created first. The assertion is accurate.
Is your salary based on net income?
Your total income before taxes and other deductions, or gross income, is what you see on your pay stub. Net income is your take-home pay, or the money that is still in your account after all withholdings and taxes have been paid. The net income deductions might include a variety of expenses, including as taxes, employee benefit premiums, and wage garnishments.
What distinctions are there between gross and net income?
The amount of an employee's income that remains after payroll deductions for expenses like taxes, benefits, and other charges is known as gross pay. After all estimated taxes have been taken out, what is left over is referred to as net pay or take-home pay..
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H&R Block Tax Service is an example of which type of business.
a. Manufacturing
b. Wholesale
Retail
d. Service
Answer:
Service
Explanation:
He's a cat in boots and he don't wear socks but he does his little business in a litter box yes his little business in a litterrrr boxxxxx his business that I will not dicuss (might not know where this is from )
Answer:
what the heck is this?? lol
Explanation:
Juan and Carl have a small medical practice that operates as a partnership. Juan does 70% of the work and Carl does 30%. However, Carl invested 60% of the money required to start the business. If the company makes $100,000 in profit this year, how much will each partner receive?
a. Juan will receive $70,000; Carl will receive $30,000.
b. Juan will receive $50,000; Carl will receive $50,000.
c. Juan will receive $40,000; Carl will receive $60,000.
d. Juan will receive $60,000; Carl will receive $40,000.
e. Profits will be shared in the proportion specified in the partnership agreement.
Answer:
e. Profits will be shared in the proportion specified in the partnership agreement.
Explanation:
Partnership agreement is the governing document of an partnership. The agreement consist of how profit will be shared and has been agreed right before the partnership contract become become binding. Thus, the fact that Juan does 70% of the work and Carl does 30% of work does not specifies nor idicate profit sharing. Also, the fact that Carl invested 60% of the money required to start the business does not specify profit sharing as well. The profit sharing agreement is in the partnership agreement.
Give 4 reasons why companies chose to be quoted on the Nigerian Stock Exchange Market
Companies chose to be quoted on the Nigerian Stock Exchange Market because there is a proper fund-raising and exit route to investors, ready Marketability of Security, ability to raise further capital, supervision, and Control of Trading in Securities.
What is Stock Exchange?Stockbrokers can trade firm stocks and other securities through a stock exchange. Only stocks that are listed on an exchange are eligible for purchase or sale. As a result, it serves as a hub for stock buyers and sellers.
Your firm has the chance to gain greater access to financing, an elevated worldwide profile, and access to liquidity by listing on NGX. Get higher exposure and improved brand awareness. Access to funding for expansion from a variety of investors.
Therefore, companies decided to be quoted on the Nigerian Stock Exchange Market.
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Danner Company expects to have a cash balance of $51,300 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $96,900, February $171,000. Payments for direct materials: January $57,000, February $85,500. Direct labor: January $34,200, February $51,300. Wages are paid in the month they are incurred. Manufacturing overhead: January $23,940, February $28,500. These costs include depreciation of $1,710 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $17,100, February $22,800. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $13,680 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $28,500. The company wants to maintain a minimum monthly cash balance of $22,800. Prepare a cash budget for January and February.
Answer:
Danner Company
Danner Company
Cash Budget
January February
Beginning Balance $51,300 $31,350
Collections from customers: 96,900 171,000
Sale of marketable securities 13,680
Total cash receipts $161,880 $202,350
Payments:
Direct materials: $57,000 $85,500
Direct labor: 34,200 51,300
Manufacturing overhead: 22,230 26,790
Selling & Administrative: 17,100 22,800
Total payments $130,530 $186,390
Cash Balance $31,350 $15,960
Minimum cash balance 22,800 22,800
Excess cash (deficit) $8,550 ($6,840)
Explanation:
a) Data and Calculations:
Expected Cash balance on January 1, 2020 = $51,300
Collections from customers:
January $96,900
February $171,000
Payments for direct materials:
January $57,000
February $85,500
Direct labor:
January $34,200
February $51,300
Manufacturing overhead:
January $23,940 - depreciation of $1,710 Net $22,230
February $28,500 - depreciation of $1,710 Net $26,790
Selling and administrative expenses:
January $17,100
February $22,800
Sales of Marketable securities in January = $13,680
Line of credit = $28,500
Expected monthly minimum cash balance = $22,800
Programs that award certificates that can have in securing jobs are called: A: high-school diploma programs B: secondary school programs C: vocational or technical education programs D: internships or on-the-job training
Answer:
C: vocational or technical education programs
Explanation:
A vocational/technical training program often results in certification useful for obtaining a job.
__
The other educational programs listed may be helpful, but typically don't offer skill certification.
Answer:
vocational or technical education programs
Explanation:
Conduct a needs assessment to determine how a network could benefit your family. Use three to five sentences to describe the results of your assessment. If you have more than one computer in your home, conduct the needs assessment based on the number of computers in your home. If you don't have one or more computers in your home, conduct the needs assessment as though every family member in your home over the age of five had their own computer.
The improvement of communication and information accessibility, the practical sharing of resources, data sharing, increased cost efficiency, and affordability are all advantages of family networks.
What use do needs analyses of computer networks serve?The organization's current IT infrastructure, operational processes, security, compliance, management, and performance are confirmed by a network review. This aids in evaluating the state and overall health of your IT infrastructure and reveals any areas that need to be improved.
What is the biggest benefit of a network?Your network can be a fantastic source for novel perspectives and ground-breaking concepts that will help you in your career. Learning from the problems, experiences, and goals of others is one of networking's key benefits.
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I need the answer please help
As given that the taxable state income for the year is $70,000, the applicable tax rate is 5.5%, thus, the tax payable is $3,850.
What does a progressive tax means?A progressive tax is one in which the tax rate rises in proportion to the taxable amount. The term progressive refers to the manner in which the tax rate rises from low to high, resulting in a taxpayer's average tax rate being less than the person's marginal tax rate. The term can refer to either individual taxes or an entire tax system.
We are given that the taxable state income for the year is $70,000. Note that for this salary range, the tax rate of 5.5% is applicable.
Tax payable is computed as:
= $70,000 * 5.5%
= $3,850
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if a perfectly competitive firm and a monopolistic competitive firm face the same demand and cost curves, then group of answer choices both the perfectly competitive firm and the monopolistic competitive firm will attain resource-allocative efficiency. neither the perfectly competitive firm nor the monopolistic competitive firm will attain resource-allocative efficiency. the perfectly competitive firm will attain resource-allocative efficiency, but the monopolistic competitive firm will not. the perfectly competitive firm will attain resource-allocative efficiency, but the monopolistic competitive firm may or may not, depending upon the demand for its product. the perfectly competitive firm will not attain resource-allocative efficiency, but the monopolistic competitive firm will.
Perfectly competitive firm will attain resource allocative efficiency because it charges Price which is equal to its Marginal Cost. Thus, the output produced by the Perfectly Competitive firm is efficient.
What are monopolistic competition's two demand curves?
First off, despite the fact that both a monopolist and a monopolistic competitor face downward-sloping demand curves, the monopolist's demand curve is the market demand curve whereas the perceived demand curve for a monopolistic competitor is based on the degree of its product differentiation and the number of rivals it encounters.
What Is Monopolistic Competition?
When numerous businesses provide competing, similar-but-inadequate-substitute goods or services, monopolistic competition exists.
Entry barriers are low in monopolistic competitive industries, and decisions made by one firm do not directly affect those of its rivals.
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When did the court cases reach the Supreme Court?
Answer:
August 3, 1791
Explanation:
The factor of 'Land' includes more than just farming. Explain this statement.
The Four Factors of Production
Briefing:-Land is both a geographic location and a source of natural resources (examples: water, timber, oil).
Workers are those who can convert raw materials into commoditized commodities or services.
Capital refers to a company's physical assets and the funds it employs to acquire resources.
Why is land deemed to be the most crucial component of production?The key producing factor is thought to be land. The land is abundant in coal, water, and petroleum, all of which are used to produce electricity. Building factories and industries to conduct the production process requires land.
What aspect of agricultural production is most crucial?One of the most crucial elements in the development of crops is soil fertility [10]. It can sustain crop production depending on the full range of its physical, chemical, and biological characteristics.
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Place each of the items listed below in the appropriate subdivision of the stockholders' equity section of a balance sheet. Common stock, $10 stated value Retained earnings 8% Preferred stock, $100 par value Paid-in capital in excess of par Paid-in capital in excess of stated value Treasury stock—common Paid-in capital from treasury stockStockholders' equityPaid-in capitalCapital stockAdditional paid-in capitalTotal additional paid-in capitalTotal paid-in capitalRetained earningsTotal paid-in capital and retained earningsTotal stockholders' equity
Answer and Explanation:
The placing of each item would be shown below:
Stockholder's Equity
Paid-in Capital
Capital Stock
8% Preferred stock, $100 par value
Common Stock, $10 stated value
Additional Paid-in Capital
In excess of par value- Preferred stock
In excess of stated Value - Common stock
Total Additional Paid-in Capital
Total Paid-in Capital
Retained Earnings
Total paid-in Capital and Retained Earnings
Less: Treasury Stock- common
Total Stockholder's Equity
Calculate the percent change in revenue from one month to the next if 1,000 units are sold on sale at $21 each during a month, and then 700 units are sold at $30 each during the next month.
There is no change in revenue from one month to the next.
To calculate the percent change in revenue from one month to the next, you will need to find the revenue generated in each month and compare them.
The formula to find the percent change is given by:
Percent change = [(New value - Old value) / Old value] x 100
Where the New value is the revenue generated in the second month and the Old value is the revenue generated in the first month. To find the revenue generated in the first month, we need to multiply the number of units sold by the sale price per unit.
Revenue in the first month = 1,000 x $21 = $21,000
To find the revenue generated in the second month, we need to multiply the number of units sold by the sale price per unit.
Revenue in the second month = 700 x $30 = $21,000
Using the formula, we can find the percent change in revenue from the first month to the second month:
Percent change = [(21,000 - 21,000) / 21,000] x 100
Percent change = 0%
Therefore, there is no change in revenue from one month to the next. This means that selling fewer units at a higher price did not generate more revenue than selling more units at a lower price. It is important for businesses to consider the optimal balance between price and quantity to maximize their revenue.
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What benefits does target receive from its store brand?