Questions
Presented is the 2009 contribution income statement of Colgate Products. COLGATE PRODUCTS Contribution Income Statement For...

Presented is the 2009 contribution income statement of Colgate Products.

COLGATE PRODUCTS
Contribution Income Statement
For Year Ended December 31, 2009
Sales (12,000 units) $1,440,000
Less variable costs
Cost of goods sold $480,000
Selling and administrative 132,000 (612,000)
Contribution margin 828,000
Less fixed costs
Manufacturing overhead 530,000
Selling and administrative 200,000 (730,000)
Net income $98,000

Next year, Colgate expects an increase in variable manufacturing costs of $6 per unit and in fixed manufacturing costs of $48,000.

(a) If sales for 2010 remain at 12,000 units, what price should Colgate charge to obtain the same profit as last year?
$Answer



(b) Management believes that sales can be increased to 16,000 units if the selling price is lowered to $105. What would be the excepted profit (or loss) as a result of this action? Use a negative sign with your answer, if appropriate.
Answer



(c) After considering the expected increases in costs, what sales volume is needed to earn a pretax profit of $98,000 with a unit selling price of $105?
Answer

units

In: Accounting

Product Pricing: Single Product Presented is the 2009 contribution income statement of Colgate Products. COLGATE PRODUCTS...

Product Pricing: Single Product
Presented is the 2009 contribution income statement of Colgate Products.

COLGATE PRODUCTS
Contribution Income Statement
For Year Ended December 31, 2009
Sales (6,000 units) $720,000
Less variable costs
Cost of goods sold $240,000
Selling and administrative 66,000 (306,000)
Contribution margin 414,000
Less fixed costs
Manufacturing overhead 290,000
Selling and administrative 90,000 (380,000)
Net income $34,000

During the coming year, Colgate expects an increase in variable manufacturing costs of $6 per unit and in fixed manufacturing costs of $24,000.

(a) If sales for 2010 remain at 6,000 units, what price should Colgate charge to obtain the same profit as last year?
____

(b) Management believes that sales can be increased to 8,000 units if the selling price is lowered to $105. What would be the excepted profit (or loss) as a result of this action? Use a negative sign with your answer, if appropriate.
____

(c) After considering the expected increases in costs, what sales volume is needed to earn a profit of $34,000 with a unit selling price of $105?
____ units

In: Accounting

Use the following information for the next 5 questions: On January 1, 2008, KA Company purchased...

Use the following information for the next 5 questions:

On January 1, 2008, KA Company purchased equipment for $105,000.  The estimated useful life of the equipment is 10 years, during which time it will be produce 100,000 units.  Estimated residual value is $5,000.  KA’s fiscal year is January 1 to December 31.

            

If KA Company uses the straight-line methodof depreciation, the net book valueof the asset at the end of the secondyear will be:

If KA Company uses the units methodof depreciation and produced 30,000 units in the first year, the depreciation expensefor the firstyear will be:

If KA Company uses the double-declining-balance methodof depreciation, the balance in accumulated depreciationat the end of the second year will be:

4.If he company should recognize a:

a. $70,000 loss on the sale

b. $35,000 gain on the sale

c. $10,000 gain on the sale

d. $10,000 loss on the sale

e.None of the above.

Assume KA Company purchased the equipment on July 1, 2008. What is the net book valueof the equipment on December 31, 2010, after adjusting entries, if KA Company uses the straight-line methodof depreciation?

In: Accounting

Presented is the 2009 contribution income statement of Colgate Products. COLGATE PRODUCTS Contribution Income Statement For...

Presented is the 2009 contribution income statement of Colgate Products.

COLGATE PRODUCTS Contribution Income Statement For Year Ended December 31, 2009

Sales (18,000 units) $2,160,000

Less variable costs Cost of goods sold $720,000 Selling and administrative 198,000 (918,000)

Contribution margin 1,242,000

Less fixed costs Manufacturing overhead 750,000 Selling and administrative 320,000 (1,070,000)

Net income $172,000

During the coming year, Colgate expects an increase in variable manufacturing costs of $8 per unit and in fixed manufacturing costs of $108,000.

(a) If sales for 2010 remain at 18,000 units, what price should Colgate charge to obtain the same profit as last year?

(b) Management believes that sales can be increased to 24,000 units if the selling price is lowered to $109. What would be the excepted profit (or loss) as a result of this action? Use a negative sign with your answer, if appropriate.

(c) After considering the expected increases in costs, what sales volume is needed to earn a profit of $172,000 with a unit selling price of $109? Answer units

In: Accounting

Presented is the 2009 contribution income statement of Colgate Products. COLGATE PRODUCTS Contribution Income Statement For...

Presented is the 2009 contribution income statement of Colgate Products. COLGATE PRODUCTS Contribution Income Statement For Year Ended December 31, 2009 Sales (18,000 units) $2,160,000 Less variable costs Cost of goods sold $720,000 Selling and administrative 198,000 (918,000) Contribution margin 1,242,000 Less fixed costs Manufacturing overhead 750,000 Selling and administrative 320,000 (1,070,000) Net income $172,000 During the coming year, Colgate expects an increase in variable manufacturing costs of $8 per unit and in fixed manufacturing costs of $108,000. (a) If sales for 2010 remain at 18,000 units, what price should Colgate charge to obtain the same profit as last year? $ Answer (b) Management believes that sales can be increased to 24,000 units if the selling price is lowered to $109. What would be the excepted profit (or loss) as a result of this action? Use a negative sign with your answer, if appropriate. Answer (c) After considering the expected increases in costs, what sales volume is needed to earn a profit of $172,000 with a unit selling price of $109? Answer units

In: Accounting

After years of rapid growth, illegal immigration into the United States has declined, perhaps owing to...

After years of rapid growth, illegal immigration into the United States has declined, perhaps owing to the recession and increased border enforcement by the United States (Los Angeles Times, September 1, 2010). While its share has declined, California still accounts for 35% of the nation’s estimated 11.3 million undocumented immigrants.

a. In a sample of 60 illegal immigrants, what is the probability that more than 21% live in California? (Round “z” value to 2 decimal places, and final answer to 4 decimal places.)

b. In a sample of 120 illegal immigrants, what is the probability that more than 21% live in California? (Round “z” value to 2 decimal places, and final answer to 4 decimal places.)


c. Comment on the reason for the difference between the computed probabilities in parts a and b.

  • As the sample number increases, the probability of more than 21% also increases, due to the lower z value and decreased standard error.

  • As the sample number increases, the probability of more than 21% also increases, due to the lower z value and increased standard error.

In: Statistics and Probability

ANSWER THESE QUESTIONS USING TRUE OR FALSE: a. Gauss’s Law describes the relationship between the net...

ANSWER THESE QUESTIONS USING TRUE OR FALSE:

a. Gauss’s Law describes the relationship between the net electric flux through a closed surface and the charge enclosed INSIDE the surface.

b. Gauss’s Law describes the relationship between the net electric flux through any surface (either open or closed) and the charge around (either inside or outside) the surface.

c. When a point charge is at the center of a spherical surface, its E field is EVERYWHERE normal to the surface and constant in magnitude.

d. When a point charge is inside some closed Gaussian surfaces, the total net E field flux depends on the shape and size of the surfaces.

e. When charges are only located OUTSIDE an enclosed Gaussian surface, the number of E field lines entering the surface may be more or less than that of the lines leaving the surface.

f. Chapter 24-2 derived the formula of Gauss’s law using a positive point charge located inside a cubic Gaussian surface.

g. Dr. Gauss made contributions on many fields and a picture of him was shown in chapter 24.2

h. Gauss’s law is not true when there are multiple charges.

i. Zero flux means zero electric field.

j. There is zero flux through a closed surface when there are no charge inside or when there are charges inside but the net charge is zero (Same amount of positive and negative charges).

k. Gauss’s law calculation uses the value of charges inside the Gaussian surface, but it finds the Total E field at the surface, due to both charges inside and outside of the surface.

l. If the point charge inside the Gaussian surface is tripled, the total flux through the surface must be tripled.

m. If the radius of a spherical Gaussian surface is doubled when a point charge is inside, the total flux through the surface is doubled.

n. If the point charge inside the Gaussian surface moves to a different location, the total flux through the surface is not changed.

In: Physics

In outer space rock 1, with mass 3 kg and velocity < 3500, -2500, 3200 >...

In outer space rock 1, with mass 3 kg and velocity < 3500, -2500, 3200 > m/s, struck rock 2, which was at rest. After the collision, rock 1's velocity is < 3000, -1800, 3500 > m/s. What is the final momentum of rock 2?
2f =  

kg · m/s
Before the collision, what was the kinetic energy of rock 1?
K1i =  J
Before the collision, what was the kinetic energy of rock 2?
K2i =  J
After the collision, what is the kinetic energy of rock 1?
K1f =  J
Suppose the collision was elastic (that is, no change in kinetic energy and therefore no change in thermal or other internal energy of the rocks). In that case, after the collision, what is the kinetic energy of rock 2?
K2f =  J
On the other hand, suppose that in the collision some of the kinetic energy is converted into thermal energy of the two rocks, where Ethermal,1 + Ethermal,2 = 4.46 ⨯ 106 J. What is the final kinetic energy of rock 2?
K2f =  J
In this case (some of the kinetic energy being converted to thermal energy), what was the transfer of energy Q (microscopic work) from the surroundings into the two-rock system during the collision? (Remember that Q represents energy transfer due to a temperature difference between a system and its surroundings.)
Q =  J

In: Physics

An SAT prep course claims to improve the test score of students. The table below shows...

An SAT prep course claims to improve the test score of students. The table below shows the scores for seven students the first two times they took the verbal SAT. Before taking the SAT for the second time, each student took a course to try to improve his or her verbal SAT scores. Do these results support the claim that the SAT prep course improves the students' verbal SAT scores?

Let d=(verbal SAT scores prior to taking the prep course)−(verbal SAT scores after taking the prep course)d=(verbal SAT scores prior to taking the prep course)−(verbal SAT scores after taking the prep course). Use a significance level of α=0.01α=0.01 for the test. Assume that the verbal SAT scores are normally distributed for the population of students both before and after taking the SAT prep course.

Student 1 2 3 4 5 6 7
Score on first SAT 370 380 450 500 360 400 360
Score on second SAT 420 480 500 580 400 460 400

Step 2 of 5 :

Find the value of the standard deviation of the paired differences. Round your answer to one decimal place.

In: Statistics and Probability

“Coupled transcription-translation” means _, and the coupling contributes to gene expression regulation via ___. A transcription...

“Coupled transcription-translation” means _, and the coupling contributes to gene expression regulation via ___.

A

transcription can start before the end of translation, lacI repression

B

translation can start before the end of transcription, attenuation

C

translation can start before the end of transcription, CRP activation

D

transcription can start before the end of translation, LacI repression

E

translation can start only after transcription is achieved, attenuation

Which of the following elements can terminate transcription in prokaryotes? It is ___

A

RNA polymerase; cis element

B

TATA box, trans-element

C

Hairpin (stem loop) structure with poly U-tail; trans factor

D

Hairpin (stem loop) structure with poly U-tail, cis element

E

RNA polymerase; trans factor

Which of the following can be used to estimate bacterial cell growth?

A

Plating, CFU counting

B

Counting cells under microscope (e.g. in counting chamber)

C

Turbidity measurements

D

Counting cells using flow cytometry

E

All of the above

In: Biology