Question

In: Accounting

The next two questions refer to the following fictional financial statement from Sharpie Markers, who sells...

The next two questions refer to the following fictional financial statement from Sharpie Markers, who sells their markers directly to consumers for $2/marker.

Revenue:                   $500,000

Plastic:                       $200,000

Ink:                              $1,000

Advertising:               $5,000

Overhead:                 $1,000

Depreciation:             $25

How many additional pens would Sharpie have to sell to maintain their current contribution to the organization if they invest $25,000 in advertising?

Solutions

Expert Solution


Related Solutions

The next two questions refer to the following fictional financial statement from Sharpie Markers, who sells...
The next two questions refer to the following fictional financial statement from Sharpie Markers, who sells their markers directly to consumers for $2/marker. Revenue:                   $500,000 Plastic:                       $200,000 Ink:                              $1,000 Advertising:               $5,000 Overhead:                 $1,000 Depreciation:             $25 How many additional pens would Sharpie have to sell to maintain their current contribution to the organization if they invest $25,000 in advertising? A. None of the above, but I could calculate this with the information I am given. B. 20,904 C. None of the above, I cannot calculate this with...
The next two questions refer to the following situation. In order to compare two kinds of...
The next two questions refer to the following situation. In order to compare two kinds of feed, thirteen pigs are split into two groups, and each group received one feed. The following are the gains in weight (kilograms) after a fixed period of time: Feed A: 8.0 7.4 5.8 6.2 8.8 9.5 Feed B: 12.0 18.2 8.0 9.6 8.2 9.9 10.3 We wish to test the hypothesis that Feed B gives rise to larger weight gains. 20. The appropriate test...
The next two questions (7 and 8) refer to the following: The weight of bags of...
The next two questions (7 and 8) refer to the following: The weight of bags of organic fertilizer is normally distributed with a mean of 60 pounds and a standard deviation of 2.5 pounds. 7. What is the probability that a random sample of 33 bags of organic fertilizer has a total weight between 1963.5 and 1996.5 pounds? 8. If we take a random sample of 9 bags of organic fertilizer, there is a 75% chance that their mean weight...
The next four questions refer to the following information: Two methods, A and B, are available...
The next four questions refer to the following information: Two methods, A and B, are available for teaching a certain industrial skill. There is a 95% chance of successfully learning the skill if method A is used, and an 80% chance of success if method B is used. However, method A is substantially more expensive and is therefore used only 25% of the time (method B is used the other 75% of the time). The following notations are suggested: A—method...
The next two questions refer to the following physical situation: Two blocks (masses m1 = 30...
The next two questions refer to the following physical situation: Two blocks (masses m1 = 30 kg and m2 = 7 kg) sit atop one another as shown below. The coefficient of static friction between the blocks is μs= 0.32.  There is no friction between the lower block and the surface on which it rests. A constant external force F is applied to the lower block. What is Fmax, the maximum magnitude of this force such that the upper block does...
The next two questions (5 and 6) refer to the following: Section n min Q1 med...
The next two questions (5 and 6) refer to the following: Section n min Q1 med Q3 max mean std. dev. A01 125 10 48 67 80 96 ??? 17.3 A02 200 19 46 58 71 100 58.8 13.5 A03 175 34 49 54 66 95 59.6 11.9 Which of the following statements is/are true? The distribution of scores for Section A01 is skewed to the right. About 50 students in Section A02 received a score higher than 71. If...
The next several questions refer to the case of an economy with the following equations: Y...
The next several questions refer to the case of an economy with the following equations: Y = 3K + 2L, with K = 1000 and L = 1500 G = 1230, T = 500 I = 1020 - 1000r C = 1070 + 0.5(Y-T) (Assume a closed economy: Y = C + I + G; NX = 0) Compute the equilibrium level of the interest rate. compute the equilibrium level of investment. compute teh equilibrium level of consumption. suppose government...
1. The next several questions refer to the case of an economy with the following equations:...
1. The next several questions refer to the case of an economy with the following equations: Y = 3K + 2L, with K = 1000 and L = 1500 G = 1230, T = 500 I = 1020 - 1000r C = 1070 + 0.5(Y-T) (Assume a closed economy: Y = C + I + G; NX = 0) Compute the equilibrium level of the interest rate. choices 0.07 0.05 0.3 0.1 2. For the case above, compute the equilibrium...
1a)For the next several questions refer to a case with the following production function Y =...
1a)For the next several questions refer to a case with the following production function Y = 648K3/4L1/4, where the level of capital in the economy is 16 and the level of labor on the economy is 81. Compute the equilibrium real rental rate of capital. (Depending on your computer, the production function might include "^", which indicates an exponent.) 1b)compute the equilibrium real WAGE. 1c) what fraction of total income of this economy is paid to the owners of capital?...
Establish an excel worksheet for the financial statement analysis framework. Refer to the following financial information;...
Establish an excel worksheet for the financial statement analysis framework. Refer to the following financial information; On January 1, 2019, Frances Corp. started doing business and the owners contributed $200,000 capital in cash. The company paid $24,000 to cover the rent for the office space for the 24-month period from January 1, 2019 to December 31, 2020. On March 1, 2019, MSK Inc. entered into a consulting contract under which Frances Corporation Contract under which Frances Corporation promised to provide...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT