In: Economics
Total sales revenue is $1000, total variable costs are $600 and total fixed costs are $1000. The price is $10 per unit. Compute the break-even volume in units (assume that the break-even point is in the relevant range).
A) 166.7 units
B) 250 units
C) 280 units
D) 2500 units
Beta company allocates fixed overhead costs based on direct labor dollars, with an allocation rate of $5 per DL$. Beta sells 1000 units of product X per month at a price of $40 per unit. The variable costs are: direct materials, $10/unit, direct labor $4/unit, and variable overhead $2/unit. Compute the profit margin per unit of product X
A) $4
B)$20
C) $21.5
D) $24
E)$26
Beta is planning to increase the price of Product X to $50 per unit. It expects sales volume to decrease by 20%(from the original level of 1000 units per month) after the price increase. How much will the profit change in the short term after this price increase?
A) decrease by $2800
B) decrease by $800
C) No change
D) increase by $3200
E) increase by $7200
You have the following data for product X: sales revenue is $10000, variable costs are $4000, allocated fixed costs are $3000. If you drop product X in the long term total profit will:
A) decrease by $6000
B)decrease by $3000
C) remain the same
D) increase by $3000
E) increase by $6000
Explanation for answers please
In: Accounting
What do we expect to happen to Netflix's revenue due to the price increase?
Essay
Regardless of the implementation of the price increase, the higher monthly prices seem to have impacted the growth of membership among US subscribers. In the two quarters before the price increase, Netflix added net membership of 1.6 million and 2.2 million members. By contrast, the number of members added in Q2 was only 160,000, and in Q3 only 400,000. The Q2 growth in US subscribers was the lowest since Netflix began reporting those numbers.
In: Operations Management
| Recording Revenue and Related Expense
Transactions. The Shannon Community Kitchen provides hot meals to homeless and low-income individuals and families; it is the organization's only program. It is the policy of the community kitchen to use temporarily restricted resources for which the purpose has been met before unrestricted resources. The Kitchen had the following revenue and expense transactions during the 2017 fiscal year. Unrestricted cash donations of $25,000 were received. A local philanthropist also contributed $3,000, which was to be used for the purchase of Thanksgiving dinner foodstuffs. A local grocery store provided fresh produce with a fair value of $100. The produce was immediately used. Volunteers from the local university contributed 100 hours to preparation and serving of meals. The estimated fair value of their labor was $750. The Kitchen received a $5,000 federal grant for the purchase of institutional kitchen appliances. At Thanksgiving time, the Kitchen spent $4,100 on foodstuffs for preparation of the Thanksgiving dinner Required Make all necessary journal entries to record these transactions |
In: Accounting
1. The owner of Showtime Movie Theaters, Inc. would like to estimate weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow.
|
Weekly Gross |
Television |
Newspaper |
Radio |
|
Revenue |
Advertising |
Advertising |
Advertising |
|
($1000s) |
($1000s) |
($1000s) |
($1000s) |
|
96 |
5 |
1.5 |
0.3 |
|
90 |
2 |
2 |
0.2 |
|
95 |
4 |
1.5 |
0.3 |
|
92 |
2.5 |
2.5 |
0.1 |
|
95 |
3 |
3.3 |
0.4 |
|
94 |
3.5 |
2.3 |
0.4 |
|
94 |
2.5 |
4.2 |
0.3 |
|
94 |
3 |
2.5 |
0.3 |
PLEASE SHOW IN EXCEL AND HOW TO DO IT. Thank you!
In: Statistics and Probability
1. The owner of Showtime Movie Theaters, Inc. would like to estimate weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow.
|
Weekly Gross |
Television |
Newspaper |
Radio |
|
Revenue |
Advertising |
Advertising |
Advertising |
|
($1000s) |
($1000s) |
($1000s) |
($1000s) |
|
96 |
5 |
1.5 |
0.3 |
|
90 |
2 |
2 |
0.2 |
|
95 |
4 |
1.5 |
0.3 |
|
92 |
2.5 |
2.5 |
0.1 |
|
95 |
3 |
3.3 |
0.4 |
|
94 |
3.5 |
2.3 |
0.4 |
|
94 |
2.5 |
4.2 |
0.3 |
|
94 |
3 |
2.5 |
0.3 |
PLEASE SHOW HOW TO DO IN EXCEL. Thank you!
In: Statistics and Probability
Refer to Revenue Data Excel File. The 4 QTR Centered Moving Average for the 2nd quarter of 2017 is: Select one: a. 222.125 b. 333.875 c. 269.250 d. 243.625
| Year | QTR | Revenue (in $1000) |
| 2015 | 1 | 205 |
| 2 | 400 | |
| 3 | 200 | |
| 4 | 229 | |
| 2016 | 1 | 236 |
| 2 | 219 | |
| 3 | 211 | |
| 4 | 200 | |
| 2017 | 1 | 280 |
| 2 | 275 | |
| 3 | 261 | |
| 4 | 322 | |
| 2018 | 1 | 500 |
| 2 | 230 | |
| 3 | 310 | |
| 4 | 400 | |
| 2019 | 1 | 325 |
| 2 | 241 | |
| 3 | 379 | |
| 4 | 316 |
In: Statistics and Probability
1. The owner of Showtime Movie Theaters, Inc. would like to estimate weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow.
|
Weekly Gross |
Television |
Newspaper |
Radio |
|
Revenue |
Advertising |
Advertising |
Advertising |
|
($1000s) |
($1000s) |
($1000s) |
($1000s) |
|
96 |
5 |
1.5 |
0.3 |
|
90 |
2 |
2 |
0.2 |
|
95 |
4 |
1.5 |
0.3 |
|
92 |
2.5 |
2.5 |
0.1 |
|
95 |
3 |
3.3 |
0.4 |
|
94 |
3.5 |
2.3 |
0.4 |
|
94 |
2.5 |
4.2 |
0.3 |
|
94 |
3 |
2.5 |
0.3 |
I ONLY need help with D through F. Please show how to do in Excel. Thank you!!
In: Statistics and Probability
Question 1:
Consider the following revenue and cost data for Shannon’s Brewery in Keller, Texas. Shannon’s sells 35% of its craft beer production through its own on-premise taproom. The bulk of its sales (65%) are made off-premise via various retail outlets including supermarkets, bars, and restaurants. 40% of its of sales (on-premise and off-premise) consists of package sales (bottles and cans). Of this 40%, beer sold in cans accounts for 80% with sales of bottled beer accounting for the remaining 20%. Finally, the bulk of Shannon’s craft beer sales (60%) occurs in kegs (31 gallons per keg). Assume that overall sales for FY 2018 are expected to be $1,278,360. Given the proportions of beer sold in kegs, bottles, and cans, what will be the predicted dollar sales of beer sold in kegs? Round your answer to the nearest one dollar.
Question 2:
Assume the following costs in each of the categories identified in question one are:
|
Packaged (Cans & Bottles) |
$160,206 |
|
Kegs |
$67,098 |
|
Shrinkage/WIP Loss |
$42,000 |
|
Contract Labor |
$9,000 |
|
Direct Labor |
$240,000 |
|
Freight |
$18,000 |
|
Consumer Advertising |
$30,000 |
|
Trade Promotion |
$30,000 |
|
Sales Promotion |
$18,000 |
|
Salaries & Benefits |
$180,000 |
What is Shannon's cost of goods sold?
Question 3:
Assume that projected revenue for 2018 is 1,155,212. Also assume the following projected 2018 costs in each of the cost categories from question one:
|
Packaged (Cans & Bottles) |
$156,846 |
|
|
Kegs |
$71,684 |
|
|
Shrinkage/WIP Loss |
$42,000 |
|
|
Contract Labor |
$9,000 |
|
|
Direct Labor |
$240,000 |
|
|
Freight |
$18,000 |
|
|
Consumer Advertising |
$30,000 |
|
|
Trade Promotion |
$30,000 |
|
|
Sales Promotion |
$18,000 |
|
|
Salaries & Benefits |
$180,000 |
Given these costs, compute Shannon’s projected contribution in dollars.
In: Accounting
BC Travel Services is considering a new 10-year project that will generate additional sales revenue of $200,000 per year. The associated costs are $120,000 per year. The required rate of return for the project is 12%. The tax rate is 40%. What is the present value of the after-tax operating cash flows?
A. $250,374
B. $271,211
C. $417,289
D. $452,018
In: Finance