Topper Sports, Inc., produces high-quality sports equipment. The company’s Racket Division manufactures three tennis rackets—the Standard, the Deluxe, and the Pro—that are widely used in amateur play. Selected information on the rackets is given below:
| Standard | Deluxe | Pro | ||||
| Selling price per racket | $ | 55.00 | $ | 86.00 | $ | 125.00 |
| Variable expenses per racket: | ||||||
| Production | $ | 33.00 | $ | 43.00 | $ | 45.00 |
| Selling (5% of selling price) | $ | 2.75 | $ | 4.30 | $ | 6.25 |
All sales are made through the company’s own retail outlets. The Racket Division has the following fixed costs:
| Per Month | ||
| Fixed production costs | $ | 148,000 |
| Advertising expense | 128,000 | |
| Administrative salaries | 78,000 | |
| Total | $ | 354,000 |
Sales, in units, over the past two months have been as follows:
| Standard | Deluxe | Pro | Total | |
| April | 2,000 | 1,000 | 5,000 | 8,000 |
| May | 8,000 | 1,000 | 3,000 | 12,000 |
Required:
1-a. Prepare contribution format income statements for April.
1-b. Prepare contribution format income statements for May.
3. Compute the Racket Division’s break-even point in dollar sales for April.
4. Whether the break-even point would be higher or lower with May’s sales mix than with April’s sales mix?
5. Assume that sales of the Standard racket increase by $22,800. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,800? Do not prepare income statements; use the incremental analysis approach in determining your answer.
Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepare contribution format income statements for May. (Round "Total percent" answers to 1 decimal place)
In: Accounting
Suppose you have just purchased your first home for $300,000. At the time of purchase you could afford to commit 20% of the purchase price to a down-payment. Suppose over time you paid down the principal of the loan to $220,000 and at that point in time you can no longer make any mortgage payments (i.e., you default on the loan). If the lender were to foreclose on your property and sell it for $190,000, determine the amount of the loan’s principal that the lender was unable to recover due to the default. A. $30,000 B. $50,000 C. $240,000 D. $300,000
In: Finance
History:
Margaret Spezia is a married, 49-year-old Italian American with eight children whose ages range from 3 to 18 years. For the past 2 months, Mrs. Spezia has had frequent morning headaches, and occasional dizziness and blurred vision. At her annual physical Assessment 1 month ago, her blood pressure was 168/104 and 156/94. She was instructed to reduce her fat and cholesterol intake, to avoid using salt at the table, and to start walking for 30 to 45 minutes daily. Mrs. Spezia returns to the clinic for follow-up.
ASSESSMENT
While escorting Mrs. Spezia to the Assessment room and obtaining her weight, blood pressure, and history, Lisa Christo RN, notices that Mrs. Spezia seems restless and upset. Ms.Christos says, “You look upset about something. Is everything OK?” Mrs. Spezia responds, “Well, my head is throbbing, and I’m sort of dizzy. I think I’m just overdoing it and not getting enough rest. You know, raising eight children is a lot of work and expense. I just started working part time so we wouldn’t get behind in our bills. I thought the extra money might relieve some of my stress, but I’m not so sure that’s really happening. I’m not getting any better and I’m worried that I’ll lose my job or become disabled and that my husband won’t be able to manage the children by himself. I really need to go home, but first, I want to get rid of this awful headache. Would you please get me a couple of aspirin or something?” Mrs. Spezia’s history shows a steady weight gain over the past 18 years. She has no known family history of hypertension.
Physical findings include:
Mrs. Spezia’s total serum cholesterol is 245 mg/dL (normal< 200 mg/dL). All other blood and urine studies are within normal limits. Based on analysis of the data, Mrs. Spezia is started on captopril 12.5mg twice daily and hydrochlorothiazide 12.5 mg and placed on a low-fat low-cholesterol, no-added 2gm sodium diet.
Highlight the data in the history and the assessment that needs to be addressed. Read the brief history and identify: concerning
1) subjective/objective data,
2) potential/actual problems,
3) what interventions,
4) Education
5) follow-up would be suggested.
6). Explain the prioritization of problems.
|
History and Assessment Data |
Possible problem |
Potential Action (How you as a nurse can address this) |
|
Frequent Complaints of blurred vision. |
Possible damage to eyes (vascular changes) due to continued hypertension |
Ask physician for referral to opthamologist. |
How would you prioritize these problems? Which two would you address first? Why
In: Nursing
History:
Margaret Spezia is a married, 49-year-old Italian American with eight children whose ages range from 3 to 18 years. For the past 2 months, Mrs. Spezia has had frequent morning headaches, and occasional dizziness and blurred vision. At her annual physical Assessment 1 month ago, her blood pressure was 168/104 and 156/94. She was instructed to reduce her fat and cholesterol intake, to avoid using salt at the table, and to start walking for 30 to 45 minutes daily. Mrs. Spezia returns to the clinic for follow-up.
ASSESSMENT
While escorting Mrs. Spezia to the Assessment room and obtaining her weight, blood pressure, and history, Lisa Christo RN, notices that Mrs. Spezia seems restless and upset. Ms.Christos says, “You look upset about something. Is everything OK?” Mrs. Spezia responds, “Well, my head is throbbing, and I’m sort of dizzy. I think I’m just overdoing it and not getting enough rest. You know, raising eight children is a lot of work and expense. I just started working part time so we wouldn’t get behind in our bills. I thought the extra money might relieve some of my stress, but I’m not so sure that’s really happening. I’m not getting any better and I’m worried that I’ll lose my job or become disabled and that my husband won’t be able to manage the children by himself. I really need to go home, but first, I want to get rid of this awful headache. Would you please get me a couple of aspirin or something?” Mrs. Spezia’s history shows a steady weight gain over the past 18 years. She has no known family history of hypertension.
Physical findings include:
Mrs. Spezia’s total serum cholesterol is 245 mg/dL (normal< 200 mg/dL). All other blood and urine studies are within normal limits. Based on analysis of the data, Mrs. Spezia is started on captopril 12.5mg twice daily and hydrochlorothiazide 12.5 mg and placed on a low-fat low-cholesterol, no-added 2gm sodium diet.
Highlight the data in the history and the assessment that needs to be addressed. Read the brief history and identify: concerning
1) subjective/objective data,
2) potential/actual problems,
3) what interventions,
4) Education
5) follow-up would be suggested.
6). Explain the prioritization of problems.
|
History and Assessment Data |
Possible problem |
Potential Action (How you as a nurse can address this) |
|
Frequent Complaints of blurred vision. |
Possible damage to eyes (vascular changes) due to continued hypertension |
Ask physician for referral to opthamologist. |
How would you prioritize these problems? Which two would you address first? Why
In: Nursing
In: Computer Science
In: Economics
Evaluate the ethical behavior of Manny. Should Manny have called Todd in the first place? Would there have been any problems if Todd had agreed to meet the lower bid price? Identify the parts of the Statement of Ethical Professional Practice (Chapter 1) that Manny may be violating, if any.
In: Operations Management
Dumbo Inc. just paid a dividend of $2.70. The company expects a super growth of 6% for the first 4 years and expect to grow at a constant rate of 3% after that. IF the current Ke is 6.5%, what is the expected price of this stock today?
Answer choices are:
100.31
104.52
67.59
88.65
92.69
In: Finance
A fast growth has the first dividend (t=1) of $3.10. Dividends are then expected to grow at a rate of 8 percent p.a. for a further 4 years. it then will settle to a constant-growth rate of 1.8 percent. If the required rate of return is 19 percent, what is the current price of the share? (to nearest cent)
In: Finance
Tullis Construction enters into a long-term fixed price contract to build an office tower for $10,000,000. In the first year of the contract Tullis incurs $3,000,000 of cost and the engineers determined that the remaining costs to complete are $5,000,000. Tullis billed $4,000,000 in year 1 and collected $3,500,000 by the end of the end of the year.
In: Accounting