Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost.
Last year, the company sold 60,000 of these balls, with the following results:
| Sales (60,000 balls) | $ | 1,500,000 |
| Variable expenses | 900,000 | |
| Contribution margin | 600,000 | |
| Fixed expenses | 375,000 | |
| Net operating income | $ | 225,000 |
Required:
1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year’s sales level.
| CM Ratio | 4.00 | % |
| Unit sales to break even | balls | |
| Degree of operating leverage |
2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. If this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break-even point in balls?
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3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $225,000, as last year?
|
4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs?
Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Round your answer to 2 decimal places.)
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5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls?
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6. Refer to the data in (5) above.
a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $225,000, as last year?
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b. Assume the new plant is built and that next year the company manufactures and sells 60,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage.
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In: Accounting
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Northwood Company manufactures basketballs. The company has a ball that sells for $49. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $34.30 per ball, of which 70% is direct labor cost. |
| Last year, the company sold 58,000 of these balls, with the following results: |
| Sales (58,000 balls) | $ | 2,842,000 |
| Variable expenses | 1,989,400 | |
| Contribution margin | 852,600 | |
| Fixed expenses | 705,600 | |
| Net operating income | $ | 147,000 |
| Required: |
| 1-a. |
Compute last year's CM ratio and the break-even point in balls. (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) |
| 1-b. |
Compute the the degree of operating leverage at last year’s sales level. (Round your answer to 2 decimal places.) |
| 2. |
Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $4.90 per ball. If this change takes place and the selling price per ball remains constant at $49.00, what will be next year's CM ratio and the break-even point in balls? (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) |
| 3. |
Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $147,000, as last year? (Do not round intermediate calculations. Round your answer to the nearest whole unit.) |
| 4. |
Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| 5. |
Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 30%, but it would cause fixed expenses per year to increase by 86%. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls? (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) |
| 6. |
Refer to the data in (5) above. |
| a. |
If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $147,000, as last year? (Do not round intermediate calculations. Round up your final answer to the nearest whole number.) |
| b-1. |
Assume the new plant is built and that next year the company manufactures and sells 58,000 balls (the same number as sold last year). Prepare a contribution format income statement. (Do not round your intermediate calculations.) |
| b-2. |
Compute the degree of operating leverage. (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
In: Accounting
Northwood Company manufactures basketballs. The company has a ball that sells for $35. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $21.00 per ball, of which 60% is direct labor cost. Last year, the company sold 41,000 of these balls, with the following results: Sales (41,000 balls) $ 1,435,000 Variable expenses 861,000 Contribution margin 574,000 Fixed expenses 420,000 Net operating income $ 154,000 .
Required: 1-a. Compute last year's CM ratio and the break-even point in balls. (Do not round intermediate calculations.) 1-b. Compute the the degree of operating leverage at last year’s sales level. (Round your answer to 2 decimal places.)
2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $2.80 per ball. If this change takes place and the selling price per ball remains constant at $35.00, what will be next year's CM ratio and the break-even point in balls? (Do not round intermediate calculations.)
3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $154,000, as last year? (Do not round intermediate calculations. Round your answer to the nearest whole unit.)
4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 30%, but it would cause fixed expenses per year to increase by 76%. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls? (Do not round intermediate calculations. Round "Unit sales to break even" to the nearest whole unit.)
6. Refer to the data in (5) above. a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $154,000, as last year? (Do not round intermediate calculations. Round your answer to the nearest whole unit.) b-1. Assume the new plant is built and that next year the company manufactures and sells 41,000 balls (the same number as sold last year). Prepare a contribution format income statement (Do not round your intermediate calculations.) b-2. Compute the degree of operating leverage. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
In: Accounting
Northwood Company manufactures basketballs. The company has a ball that sells for $30. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $21.00 per ball, of which 70% is direct labor cost.
Last year, the company sold 53,000 of these balls, with the following results:
| Sales (53,000 balls) | $ | 1,590,000 |
| Variable expenses | 1,113,000 | |
| Contribution margin | 477,000 | |
| Fixed expenses | 378,000 | |
| Net operating income | $ | 99,000 |
.
Required:
1-a. Compute last year's CM ratio and the break-even point in balls. (Do not round intermediate calculations.)
1-b. Compute the the degree of operating leverage at last year’s sales level. (Round your answer to 2 decimal places.)
2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $1.50 per ball. If this change takes place and the selling price per ball remains constant at $30.00, what will be next year's CM ratio and the break-even point in balls? (Do not round intermediate calculations.)
3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $99,000, as last year? (Do not round intermediate calculations. Round your answer to the nearest whole unit.)
4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 20%, but it would cause fixed expenses per year to increase by 82%. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls? (Do not round intermediate calculations. Round "Unit sales to break even" to the nearest whole unit.)
6. Refer to the data in (5) above.
a. If the new plant is built, how many balls will have to be sold
next year to earn the same net operating income, $99,000, as last
year? (Do not round intermediate calculations. Round your
answer to the nearest whole unit.)
b-1. Assume the new plant is built and that next year the company manufactures and sells 53,000 balls (the same number as sold last year). Prepare a contribution format income statement (Do not round your intermediate calculations.)
b-2. Compute the degree of operating leverage. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
In: Accounting
Northwood Company manufactures basketballs. The company has a ball that sells for $36. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $21.60 per ball, of which 60% is direct labor cost.
| Last year, the company sold 59,000 of these balls, with the following results: |
| Sales (59,000 balls) | $ | 2,124,000 |
| Variable expenses | 1,274,400 | |
| Contribution margin | 849,600 | |
| Fixed expenses | 705,600 | |
| Net operating income | $ | 144,000 |
| Required: |
| 1-a. |
Compute last year's CM ratio and the break-even point in balls. (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) |
| 1-b. |
Compute the the degree of operating leverage at last year’s sales level. (Round your answer to 2 decimal places.) |
| 2. |
Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $2.88 per ball. If this change takes place and the selling price per ball remains constant at $36.00, what will be next year's CM ratio and the break-even point in balls? (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) |
| 3. |
Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $144,000, as last year? (Do not round intermediate calculations. Round your answer to the nearest whole unit.) |
| 4. |
Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| 5. |
Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40%, but it would cause fixed expenses per year to increase by 80%. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls? (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) |
| 6. |
Refer to the data in (5) above. |
| a. |
If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $144,000, as last year? (Do not round intermediate calculations. Round up your final answer to the nearest whole number.) |
| b-1. |
Assume the new plant is built and that next year the company manufactures and sells 59,000 balls (the same number as sold last year). Prepare a contribution format income statement. (Do not round your intermediate calculations.) |
| b-2. |
Compute the degree of operating leverage. (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
In: Accounting
|
Northwood Company manufactures basketballs. The company has a ball that sells for $36. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $21.60 per ball, of which 60% is direct labor cost. |
| Last year, the company sold 59,000 of these balls, with the following results: |
| Sales (59,000 balls) | $ | 2,124,000 |
| Variable expenses | 1,274,400 | |
| Contribution margin | 849,600 | |
| Fixed expenses | 705,600 | |
| Net operating income | $ | 144,000 |
| Required: |
| 1-a. |
Compute last year's CM ratio and the break-even point in balls. (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) |
| 1-b. |
Compute the the degree of operating leverage at last year’s sales level. (Round your answer to 2 decimal places.) |
| 2. |
Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $2.88 per ball. If this change takes place and the selling price per ball remains constant at $36.00, what will be next year's CM ratio and the break-even point in balls? (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) |
| 3. |
Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $144,000, as last year? (Do not round intermediate calculations. Round your answer to the nearest whole unit.) |
| 4. |
Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| 5. |
Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40%, but it would cause fixed expenses per year to increase by 80%. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls? (Do not round intermediate calculations. Round up your final break even answers to the nearest whole number.) |
| 6. |
Refer to the data in (5) above. |
| a. |
If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $144,000, as last year? (Do not round intermediate calculations. Round up your final answer to the nearest whole number.) |
| b-1. |
Assume the new plant is built and that next year the company manufactures and sells 59,000 balls (the same number as sold last year). Prepare a contribution format income statement. (Do not round your intermediate calculations.) |
| b-2. |
Compute the degree of operating leverage. (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
In: Accounting
HR Industries (HRI) has a beta of 1.9, while LR Industries's (LRI) beta is 1.0. The risk-free rate is 6%, and the required rate of return on an average stock is 13%. The expected rate of inflation built into rRF falls by 1.5 percentage points; the real risk-free rate remains constant; the required return on the market falls to 10.5%; and all betas remain constant. After all of these changes, what will be the difference in the required returns for HRI and LRI? Round your answer to two decimal places.
In: Finance
HR Industries (HRI) has a beta of 1.4, while LR Industries's (LRI) beta is 0.8. The risk-free rate is 6%, and the required rate of return on an average stock is 13%. The expected rate of inflation built into rRF falls by 1.5 percentage points; the real risk-free rate remains constant; the required return on the market falls to 10.5%; and all betas remain constant. After all of these changes, what will be the difference in the required returns for HRI and LRI? Round your answer to two decimal places.
In: Finance
Covert a Hexadecimal to decimal (there is a video for you to watch too). Then write a program that can convert a binary to decimal (only for integer case).
There are two ways to do so.
Easy way: Directly use Java built-in method to do this. In this case, only couple lines of code. Hint: Study Integer class in Java.
Hard way: Write your own code to convert a binary to decimal from scratch. The input is a binary string. The program output is its corresponding decimal value. This way you need to design the algorithm.
In: Computer Science
Ch.11- 2. Read the article on DNA origami article ( DNA Origami: The Art of Folding DNA Barbara Sacc* and Christof M. Niemeyer)
Answer each of these questions using 100-150 words
A. What is DNA origami? What has it been used for?
B. What are “staple strands” and how are they used?
C. How can lattices be built in three dimensions?
D. Do a citation index search of publications that reference this paper. What is the most recent citation that uses DNA origami for building novel structures?
In: Chemistry