In order to generate an operational profit of $250,000 with $400,000 in fixed expenditures and a unit contribution margin of $20, 32,500 units must be sold.
$400,000 / $20 = 20,000 units for break-even, which is calculated as fixed costs minus contribution margin. Break-even plus desired income equals ($400,000 + $250,000) / $20 = 32,500. Contribution margin equals (fixed costs + desired operating income).
What kinds of expenses are examples?
The full cost of a commodity or service is known as an expenditure. For instance, a business might invest $10 million in a piece of machinery that it expects to last only five years. This would be seen as a $10 million capital expense.
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Committee chairs and leadership positions in each house of congress are based on?
To The longest-serving committee members from the majority and minority parties are chosen as the chair and ranking members, respectively. This practice of choosing committee chairmen by seniority is not exclusive, however.
Leadership Roles in each house of congress:
1)The House's speaker.
2)Minority Leader.
3)Majority Leader.
4)Party leaders.
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In a bank reconciliation, an outstanding check is? a. deducted from the bank balance. b. deducted from the book balance. c. added to the book balance.
The bank balance is reduced by an unpaid check.
A bank reconciliation is what?A bank reconciliation statement provides a summary of banking and business activity in order to compare an entity's bank account with its financial records.
The statement includes a list of all deposits, withdrawals, and other activity for a certain time period affecting a bank account. An effective financial internal control instrument used to fight fraud is a bank reconciliation statement.
What Issues Arise Frequently During Bank Reconciliations?
When reconciliations are infrequent, it might be challenging to resolve issues as they develop because the necessary data may not always be accessible. A mismatch might also happen when transactions are not immediately reported and when bank fees and penalties are in effect.
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On average, managers spend the least amount of time doing which managerial activity?
On average, managers spend the least amount of time doing the managerial activity is networking.
What is networking?
Networking is the technique of making connections with respect of the business environment. Managers very often get involved in developing relationships and making their own networks. They are accountable for monitoring and completing the given task in an effective way. So, they basically focus on many managerial activities like decision-making, planning things, communicating the required information, managing employees, etc.
Which managerial function is the most important?
The most important function of management is Planning. Planning means setting objectives in order to achieve , a goal in a limited time period .Several alternatives are formulated in order to achieve the goals.
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An insurance applicant must be notified prior to an insurer ordering an investigative or financial report as required by which law?
An insurance applicant must be notified prior to an insurer ordering an investigative or financial report as required by The Insurance Act
According to the FCRA, an insurer must notify you in advance if it intends to obtain a financial (credit) report, a medical report, or an investigation report. Upon completion of the application for life insurance, the applicant must be advised of their rights.
The agent is in charge of giving the insured the policy and collecting any premiums that might be owed at the time of delivery. It's crucial for people to get insurance so they can safeguard themselves against suffering significant financial loss in the case of an unforeseen circumstance or if anything bad happens to them or their property.
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How does the garret hardins ground breaking paper apply to environmental risk management?
The groundbreaking article by Garrett Hardin is applicable to environmental risk management in the following ways.
He imagined a pasture that was accessible to everyone, where each herder gained personally from adding animals to the pasture and only shared the delayed costs of overgrazing with his fellow herders.According to Hardin, "the tragedy of the commons returns in problems of pollution in a reverse fashion."Hardin uses the growth of marine fishing as an example. The shibboleth of "freedom of the seas" continues to elicit an immediate response from maritime states.According to Hardin, avoiding the tragedy of the commons would need coercive legislation, but it should be a "mutual compulsion" accepted by the majority of people.To Learn more about Garret Hardin click the links
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Explain why debt and credit are a bad idea. How could they negatively affect your life?.
Credit card debt is considered "awful" debt because of its high interest costs and occasional minimum payments, and the reality that it is not used to shop for appreciating property. Use your credit score cards for the rewards and other benefits, but pay the stability in full every month.
Debt can cause anxiety and depression, which could growth headaches, affect sleeping patterns and effect someone's capability to cognizance. This sort of physical stress on the frame can result in greater frequent colds and infections and affect someone's capability to visit work which further complements economic struggles. A bad credit records can have wider-ranging outcomes than you might assume. no longer simplest will a spotty credit document result in better interest fees and fewer mortgage options; it can additionally make it harder to discover housing and collect certain services. In some instances it can matter in opposition to you in a activity hunt. the primary disadvantage of debt financing is that interest must be paid to lenders, which means that the amount paid will exceed the quantity borrowed. A state saddled with debt may have much less to invest in its very own future. growing debt way fewer monetary opportunities for americans. rising debt reduces commercial enterprise funding and slows monetary growth. It also will increase expectations of higher costs of inflation and erosion of confidence within the U.S. dollar.
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Decisions about how to manage the policies and decision rules related to inventory levels are considered:______
Decisions about how to manage the policies and decision rules related to inventory levels are considered Infrastructural decisions.
Decisions about how to manage the policies of a company involves various dimensions. It covers all aspects of a companies’ activities, from production decisions, to recruitment processes, to financial decisions, and marketing strategies.
One categorization of these decisions rules are formulated in terms of structural decisions and infrastructural decisions. Structural decisions are the major decisions that shape the way particular operations are executed. These decisions concern facilities, technology, and integration.
Infrastructural decisions relate to the policies and decisions that concern the inventory levels. They may be concerned with quality management systems, production planning, and development of new services and processes.
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Economist robert reich advocates that the outsourcing of productive activities to different suppliers results in the creation of?
The creation of "Worldwide Products"—items with a global focus—results from the outsourcing of productive tasks to various providers.
What are Worldwide Products?The aggregate gross national income of all the nations in the globe is known as the gross world product (GWP).Because imports and exports are exactly balanced when looking at the entire planet, this also equals the total global GDP. The nominal GWP in 2013 was around 75.59 trillion US dollars, according to the World Bank. The GWP was around $80.27 trillion in nominal terms and was over 127.8 trillion international dollars in terms of purchasing power parity in 2017, according to the CIA's World Factbook (PPP).
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People who have high self-esteem are more likely to succeed in achieving their personal goals because they?
People who have high self-esteem are more likely to achieve their personal goals because they are driven by the desire to see their dreams and goals achieved.
How important is it to develop self-esteem?Self-esteem corresponds to the appreciation of oneself, that is, it is the value that a person attributes to their physical, emotional and cognitive characteristics. When an individual has high self-esteem, he is more likely to face life and challenges with greater optimism, being more likely to develop strong relationships and preserve physical and mental health.
Therefore, self-esteem helps to direct the actions that are necessary to achieve personal goals and objectives, such as emotional intelligence, energy and persistence to deal with normal adversities of human life.
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During the 1960s, u.s. firms created just over _____ of worldwide foreign direct investment and british firms were second accounting for just over 10 percent.
During the 1960s,US. firms created just over 65% of worldwide foreign direct investment and British firms were second accounting for just over 10 percent.
What is meant by foreign direct investment?Foreign direct investment (FDI) is known to be a type oof cross-border form of investment.
Note that it it one where an investor that is known to resident in one economy set up a lasting interest in and a vital extent of influence over a firm that is found in another economy.
Therefore, note that during the 1960s,US. firms created just over 65% of worldwide foreign direct investment and British firms were second accounting for just over 10 percent.
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Josh is willing to pay $500 for a set of tire, but he is able to pay $300 at the local tire store. his consumer surplus is:________
a) $800.
b) $300.
c) $200.
d) $500.
Answer:
200
Explanation:
If actual sales are $1,500,000 in the current year, what would be the forecasted sales for lockit in the coming year?
If actual sales are $1,500,000 in the current year, the forecasted sales for the lock it in the coming year.
The objective is to write equation 2 in the form Y = a + bx .
Denote the total cost by Y.
Assume that the fixed cost is given by a and that is equal to $1,000,000
Assume that the variable rate per unit is given by b = 0.00001
The total number of variables is x.
Hence, equation 2 can be written as,
Y = $1,000,000+ 0.00001x
The objective is to write equation 4 in the form Y = a + bx.
Denote the total cost by Y.
Assume that the fixed cost is given by a and that is equal to $600,000
Assume that the variable rate per unit is b.
Let locker net income is x₁,1 forecasted U.S. gross domestic product is x, and the Actual U.S.
gross domestic product is x3
Forecasting is the process of making predictions based on past and current data. Later you can compare these to what is actually happening. For example, a company may estimate revenue for the next year and compare it to actual results. Forecasting is a similar but more general term.
Forecasting is the process of projecting past sales demand into the future. By implementing a forecasting system, you can quickly assess current market trends and sales and make informed operational decisions. You can use forecasts to make planning decisions regarding: A sales forecast is a representation of an expected sales amount. A sales forecast estimates the amount a company plans to sell within a specific period of time (such as a quarter or a year). The best sales forecasts do this with a high degree of accuracy.
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A company using accrual accounting may report revenue on the income statement even if it does not collect cash. this statement is:______
A company using accrual accounting may report revenue on the income statement even if it does not collect cash.
The above statement is true.
Regardless of when money is received, accrual accounting mandates that revenue be recognized in the period in which the task is completed.
What is accrual accounting?
The financial accounting approach known as accrual accounting enables a corporation to record income before getting payment for the goods or services sold, or expenses can be recorded as incurred before being reimbursed. Accrual accounting is one of two accounting methods; the other is cash accounting.According to the matching principle, which is the foundation of accrual accounting, economic events are recorded when a transaction takes place rather than when a payment is sent or received. In order to provide a more realistic view of a company's present financial state, this strategy combines the current cash inflows and outflows with anticipated future cash inflows and outflows.To learn more about accrual accounting visit:https://brainly.com/question/28390610
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____ is the process of designing a product for efficient production at the highest level of quality.group of answer choices
Design for Manufacturing or DFM is the process of designing a product for efficient production at the highest level of quality .
Design for Manufacturing, or DFM, is what?Design for Manufacturing (DFM) is the process of creating goods, parts, or components that are simple to manufacture with the aim of producing them more affordably. This is accomplished by streamlining, improving, and perfecting the product design. Sometimes DFM and the abbreviation DFMA (Design for Manufacturing and Assembly) are used interchangeably.
Even though questioning the initial design is an essential component of a full DFM, bringing stakeholders together early in the design process is easier if you're creating a new product. By copying an earlier design, errors in a design are all too frequently replicated. Examine each component of your design.
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A feasibility study includes tests for ____ feasibility, which means that the projected benefits of the proposed system outweigh the estimated costs.
A feasibility study includes tests for operational feasibility, which means that the projected benefits of the proposed system outweigh the estimated costs.
Operational feasibility is the measure of calculating how a proposed system is well solved in the problems, and it also takes advantage of the oppurtunities which are identified during scope definition and how it also satisfies the requirements which are identified in the requirements analysis phase of system development.
Operational Feasibility also means a goal that can be completed without the unreasonable difficulty also without compromising safety and employing unnecessary means.
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The all-current-rate method dictated by the fasb no. 52 statement requires the translation of all balance sheet accounts at the ________ rate and all income statement items at the ________ rates.
The all-current-rate method dictated by the fasb no. 52 statement requires the translation of all balance sheet accounts at the closing rate and all income statement items at the average rates.
What is meant by current rate method?The majority of financial statement items are translated using the current exchange rate under the current rate method of foreign currency conversion.
When a company has operations abroad, it could be necessary to convert the foreign currency that is earned by such operations into the presentation currency, which is the currency that is used to prepare the firm's financial statements. The current rate technique is applied in circumstances where the subsidiary isn't well connected with the parent firm, and the local currency where the subsidiary works is the same as its functional currency.
The current rate technique is a widely used method of currency conversion that makes use of the current exchange rate on the market.
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Abc company reported net income of $50,000 and was required to pay preferred stock dividends of $10,000. net income available to common shareholders is:__________
Net income available to common shareholders is:$40,000
What is net income available to common shareholders ?
The net income available to common shareholders means the amount of earnings which of the company from the net income, which exclusively belong to the common shareholders from which common dividends and also retained earnings, since not all earnings belonging to common shareholders are paid as dividends, there is need to retain some and reinvest in the company.
The net income available to common shareholders is the net income of the company minus the preferred stock dividends
net income available to common shareholders=net income-preferred stock dividends
net income=$50,000
preferred stock dividends=$10,000
net income available to common shareholders=$50,000-$10,000
net income available to common shareholders=$40,000
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Contribution margin refers to the contribution made by each additional unit sold to ____.
After the business has achieved breakeven, the contribution margin demonstrates how much more money is made by producing each extra unit of the product. It calculates the "contribution" of each incremental sale to the overall profits of the business.
The selling price of one unit of products less the variable costs associated with producing that unit constitutes the contribution margin per unit. Each sale provides a certain amount to covering fixed costs, which is known as the contribution margin per unit. It will show how much profit is made per unit sold after the fixed costs are paid.
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Which type of innovation is illustrated by toyota implementing lean production principles?
The type of innovation that is illustrated by Toyota implementing lean production principles is Process innovation.
What is process innovation?Process innovation refers to a type of innovation where a company implements better methods of production and service delivery to improve the quality of their products.
The lean production principles that Toyota has adopted are meant to make their cars of higher quality which means that Toyota is using lean production principles.
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What are the key questions the manager of a process should ask? (check all that apply)
The key questions the manager of a process should ask are How can we make the process better? and Is the process performing well?. Viable managers assist with peopling stay roused to take care of their best responsibilities.
Who is a Manager?A Manager is an individual who oversees or is responsible for something. Managers have some control over divisions in organizations, or guide individuals who work for them.
A manager is the delegated head of a group who accomplishes objectives by furnishing staff individuals with direction and design. Managers are pervasive in each industry and in pretty much every organization and association since they further develop responsibility and increment efficiency.
A manager is an expert who plays an influential position in an association and deals with a group of representatives.
Therefore Frequently, managers are liable for dealing with a particular office in their organization.
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Reporting revenues only when cash is received and expenses only when cash is paid is called the basis of accounting. True or false?.
The term "cash basis of accounting" refers to only recording revenue upon receipt of cash and expense upon payment of cash.
The term "cash basis" refers to a significant accounting technique that records revenues and expenses at the time that money is received or spent. Contrast this with accrual accounting, which regardless of when cash is received or paid, recognizes income at the time the revenue is earned and records expenses when liabilities are incurred.
By whom is cash basis accounting used?
Financial reporting can be done using either cash accounting or accrual accounting. Cash accounting is a method used by sole proprietorships, small firms, and individuals to keep track of their income and expenses whenever money is exchanged.
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To be included in the labor force, someone needs to be or actively searching for a(n)?
To be included in the labor force, someone needs to be working or actively searching for a job.
What is labor force?The pool of people who are either employed or unemployed is referred to as the workforce or labor force. It usually refers to people who work for a certain organization or sector, but it can also refer to a specific geographic area like a city, state, or nation. A company's value can be described as being represented by its "Workforce in Place." A country's workforce consists of both employed and jobless people (labour force). The sum of the number of individuals who are employed and looking for work is the labor force, often known as the workforce.
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To be included in the labor force, someone needs to be or actively searching for a job.
What is Labor Force?The Labor Force is the sum of employed and unemployed people, and the unemployment rate is the number of jobless people divided by the number of people in the labor force.
People are deemed employed if they work for pay or at their own business for at least one hour during the week, including the twelfth day of the month.
Persons "in the labor force" are individuals aged sixteen and up in the civilian noninstitutional population who are employed or unemployed and looking for work.
The Local Area Unemployment Statistics (LAUS) Program calculates the number of Labor Force members who are either employed or jobless in their local area.
Labor is the human aspect in the production of an economy's commodities and services. finding enough people with the necessary capabilities to satisfy rising demand This frequently leads to salary increases in some industries.
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Accounting is referred to as the language of business because it is the method of communicating business information to decision makers.
a. true
b. false
'Accounting is referred to as the language of business because it is the method of communicating business information to decision-makers.
This statement is True.
Accounting, also called bookkeeping, is the measurement, processing, and transmission of financial and non-financial information about economic entities such as businesses and enterprises.
Definition of Accounting is the process of systematically recording and maintaining financial accounts. Creating an income statement is an example of accounting. noun.
The process of systematically recording all company financial transactions. This includes analyzing, summarizing and reporting financial transactions to regulators, authorities and tax authorities. Accountants do the bookkeeping process for a company.
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The cost advantages that a firm obtains by increasing output, such as by spreading fixed costs over more units, are called economies of?
Cost advantages that arise for businesses that produce more because they can distribute fixed expenses over a greater number of units and utilize technology more effectively are referred to as: the benefits of scale.
What is Economies of scale?The cost advantages that businesses gain as a result of their size of operation are known as economies of scale in microeconomics. They are commonly quantified by the amount of output generated in a given amount of time. Scale can be increased when the cost per unit of output decreases. Technical, statistical, organizational, or other relevant variables to the level of market control may be at the core of economies of scale.
Economies of scale can be used to a wide range of organizational and commercial issues and at different levels, such as a production, facility, or an entire company.
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All possible customers in a market, regardless of the differences in their specific needs, are known as a __________.
All possible customers in a market, regardless of the differences in their specific needs, are known as a mass market. It alludes to a market for products that are mass-produced for a sizable number of final buyers.
What is Niche market ?
The portion of the market that a particular product is targeted toward is known as a niche market. The product attributes that are meant to address certain market needs, as well as the price range, production standards, and target demographics, are all defined by the market niche. Additionally, it is a minor market sector.
In contrast to specialty markets, the mass market targets customers from a broad range of backgrounds who lack recognizable preferences and expectations in a sizable market sector.
Hence, the answer is Mass market.
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You have been offered providing proposal to an international manufacturing company which has:________
A business proposal letter is a letter that invites or suggests that two entities work together.
How to draft a letter of proposal for business
1. Make a corporate header
2. Clearly address the addressee
3. Include pertinent background details
4. Indicate the proposal's goal.
5. include a follow-up request
6. The letter should be properly closed.
7. Include any necessary supporting data.
What is a business proposal letter?
The partnership may take the form of contracts outlining the benefits it offers in exchange for the supply of goods or services. You can send a business proposal letter to potential customers to introduce your company and your offerings or as part of your response to a request for information about your business. An example of a business proposal letter is shown here:
to suggest a collaborationin order to offer marketing servicesrequesting sponsorshipto suggest an internal partnershipto offer a service or product that will solve a problemTo learn more about business proposal letter from the given link.
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The ______ form of managment holds that there are no universal management theories
The contingency approach is a form of management holds that there are no universal management theories.
Contingency approach to management tells that there is no single textbook rule to manage an organization or universal management theories.The contingency approach is also known as situational approach. In every business organization the best approach will be contingent upon internal and external needs of that organization.
Moreover, the Contingency Management theory tells that if leaders have good relationships with employees they will be able to exert more influence.
Contingency Management theory tells that organizations are open systems that need careful management to satisfy and balance internal needs and to adapt to environmental circumstances. Furthermore, there is no best way of organizing. The appropriate form depends on the task or environment within which the organization is operating. Therefore Contingency Management theory claims that there is no best way to organize a corporation, to lead a company, or to make decisions.
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Zach company owns 45% of the voting stock of tomas corporation and uses the equity method in recording this investment. tomas corporation reported a $20,000 net loss. zach company's entry would include a
The correct answer would be option D.
Since the Zach Company holds a 45% stake in Tomas Corporation's voting stock, their books of accounts will record $9,000 (45% of $20,000) out of the current fiscal year's net loss of $20,000 as disclosed by Tomas Corporation.
The investment in the Zach Company which was recorded using the equity method, will decrease by $9,000 as an unfortunate result of the company's loss. Therefore, Zach Company will deposit $9,000 into Tomas Corporation's investing account. Now the entries in Zach Company's books of accounts would include a credit of $9,000 to the investment account.
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Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this Investment Tomas Corporation reported a $20.000 net loss. Zach Company's entry would include a
a debit to the investment account for $9,000.
b. credit to cash for $9,000.
c. credit to a loss account for $9,000.
d credit to the investment account for $9,000.
To help employ qualified veterans, ______ are required to post all job openings with a state employment agency.
To help employ qualified veterans, the federal contractors are required to post all job openings with a state employment agency.
Who are the federal contractors?They refers to any person who enters into a contract or are bidding on such a contract with an agency of the United States government and is expecting to be paid for the services, material, equipment, supplies, land or buildings with funds appropriated by Congress.
In conclusion, as on of their duties which is to help employ qualified veterans, the federal contractors are required to post all job openings with a state employment agency.
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Compare and contrast the similarities and differences between international, domestic, and local hospitality and tourism
Evaluate and contrast the similarities and differences among international, domestic, and nearby hospitality and tourism: domestic and global tourism are such types whose fundamental difference is the form of tourists. home tourism involves citizens of one u . s. a . journeying inside that united states while global tourism involves vacationers who're visiting one-of-a-kind international locations.
The definition of domestic is a product made on your property u. s ., or a person hired to do family work such as cleaning. An example of a home is a product made inside the united states. An instance of a home is a housekeeper. Of or referring to a country's internal affairs.
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