Questions
In the month of July, Adam’s oil performed 4,000 oil changes at a price of $20....


In the month of July, Adam’s oil performed 4,000 oil changes at a price of $20. During the month, fixed costs were $18,000 and variable costs were 40% of sales. Show your math work for all parts of this problem.

1a. First do a CVP income statement (show the percents, the per unit costs, and the totals):

  1. Determine the contribution margin in total dollars, per unit, and as a ratio. (Take the numbers from the income statement above, but also show the formulas you can use to compute all these amounts.)

CM total $______________    CM per unit $__________    CM ratio ___________%

  1. Compute the breakeven point in dollars and units.
  1. Compute the margin of safety in dollars and as a ratio.

e.          How many units do they have to sell to earn a net income of $12,000?

  1. What is the breakeven sales units if Adam’s charges $18 for an oil change and variable costs are 60% of sales?

In: Accounting

briefly describe the changes or developments that have contributed to decreased morbidity and mortality across the...

briefly describe the changes or developments that have contributed to decreased morbidity and mortality across the 20th century

In: Biology

Estimate the firm's net source and use of cash from the following changes in assets and...

Estimate the firm's net source and use of cash from the following changes in assets and liabilities:1) Inventories decreases by $55; 2) Accounts Receivable increases by $15; 3)Accounts Payable increases by $30; 4)Short term debt decreases by $8

$32 net use of cash

$52 net use of cash

$62 net source of cash

$52 net source of cash

$32 net source of cash

In: Finance

1.) Describe the changes in production requirements and the location of production that take place over...

1.) Describe the changes in production requirements and the location of production that take place over the three phases of the product cycle.

In: Economics

Identify 3 major changes in the way people are consuming food, and their impact on McDonalds?...

  1. Identify 3 major changes in the way people are consuming food, and their impact on McDonalds?
  2. Is McDonalds overspending, and squeezing its franchise unnecessarily?
  3. Why is McDonalds' share price going

In: Economics

We’ve discussed several different changes that are happening to the population of the US. Thinking about...

We’ve discussed several different changes that are happening to the population of the US. Thinking about the niche market segments we’ve also discussed, pick a niche market, define that market, and discuss how agencies in that industry can be successful based on those changes.

Changing Demographics to Discuss

                The aging of the largest segment of the population, the Baby Boomers

The change in ethnic demographics and increase in minority participation in leisure/recreation/tourism

                The prevalence of dual-earner families/single-parent families

                The steady increase of television use

Must cover all 4 changing demographic sections, focusing on 1 niche market (may use up to 2 markets, if linked).

In: Economics

In making a changes to a method in an accounting practice/method, why do you think it...

In making a changes to a method in an accounting practice/method, why do you think it would be import to compare the reports(FIFO &LIFO) using both to give the reader the results using both methods. IE in your inventory change, what would be COS using both

In: Accounting

Please calculate the COGS, changes of Inventory, Revenue and all Sales and Inventory was purchased on...

Please calculate the COGS, changes of Inventory, Revenue and all Sales and Inventory was purchased on account. Use the FIFO method.

Date

Transaction

Units

Cost

Total Cost

Inventory Units Sold

Price

Revenue

Cogs

12/1

Beg. Bal

1950

52

12/3

Purchase

1000

54

12/7

Sale

1200

105

12/9

Purchase

900

56

12/10

Sale

1300

115

12/16

Purchase

1750

58

12/17

Purchase

950

58

12/20

Purchase

1500

60

12/22

Purchase

900

62

12/28

Sale

3200

120

12/30

Sale

1000

130

Ending Balances

Total Purchases

In: Accounting

Given the price elasticities and price changes for the following products A–E in the table below,...

Given the price elasticities and price changes for the following products A–E in the table below, show how much the quantity will change (indicating an increase or decrease) and what effect this will have on total revenue (indicating an increase or decrease). Round your answers to 1 decimal place.

Product Price elasticity % ∆ Price %∆ Quantity ∆ Total revenue
A 0.6 increase by 9% (Click to select)  decrease  increase  by  % (Click to select)  increase  decrease  constant
B 1.3 decrease by 6% (Click to select)  increase  decrease  by  % (Click to select)  increase  decrease  constant
C 0.3 decrease by 12% (Click to select)  decrease  increase  by  % (Click to select)  increase  decrease  constant
D 1.0 increase by 4% (Click to select)  decrease  increase  by  % (Click to select)  increase  decrease  constant
E 3.3 increase by 5% (Click to select)  increase  decrease  by  % (Click to select)  increase  decrease  constant

In: Economics

Write at least four detailed, quantitative sentences that compare and contrast the changes in these line...

Write at least four detailed, quantitative sentences that compare and contrast the changes in these line items over this time period.  

State of North Dakota

budget line items

Year

Higher Education

(in millions

of dollars)

Transportation

(in millions

of dollars)

Total Budget

(in millions

of dollars)

2003

230

385

2496

2014

567

1897

7262

Absolute Change:

337

1512

4766

Relative Change:

146.5

392.7

190.9

In: Statistics and Probability