Questions
Minden Company introduced a new product last year for which it is trying to find an...

Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company’s present selling price is $97 per unit, and variable expenses are $67 per unit. Fixed expenses are $835,500 per year. The present annual sales volume (at the $97 selling price) is 25,200 units.

Required:

1. What is the present yearly net operating income or loss?

2. What is the present break-even point in unit sales and in dollar sales?

3. Assuming that the marketing studies are correct, what is the maximum annual profit that the company can earn? At how many units and at what selling price per unit would the company generate this profit?

4. What would be the break-even point in unit sales and in dollar sales using the selling price you determined in (3) above (e.g., the selling price at the level of maximum profits)?

In: Accounting

Dolores used to work as a high school teacher for $40,000 per year but quit in...

Dolores used to work as a high school teacher for $40,000 per year but quit in order to start her own catering business. To invest in her factory, she withdrew $20,000 fromher savings, which paid 5 percent interest, and borrowed $30,000 from her uncle, whom she pays 4 percent interest per year. Last year she paid $25,000 for ingredients and had revenue of $60,000. She asked Louis the accountant and Greg the economist to calculate her profit for her.

Explicit cost- ?

Implicit cost-?

Accounting profit-?

Economic profit-?

In: Economics

You are considering the purchase of an investment that would pay you $5,000 per year for...

You are considering the purchase of an investment that would pay you $5,000 per year for Years 1‑5, $3,000 per year for Years 6‑8, and $2,000 per year for Years 9 and 10. If you require a 9.5 percent rate of return, and the cash flows occur at the end of each year, then what is the MOST you would be willing to pay for this investment? Answer to 0 decimal places.

In: Finance

According to a​ survey, 64 ​% of murders committed last year were cleared by arrest or...

According to a​ survey, 64 ​% of murders committed last year were cleared by arrest or exceptional means. Fifty murders committed last year are randomly​ selected, and the number cleared by arrest or exceptional means is recorded. When technology is​ used, use the Tech Help button for further assistance. ​(a) Find the probability that exactly 41 of the murders were cleared. ​(b) Find the probability that between 36 and 38 of the​ murders, inclusive, were cleared. ​(c) Would it be unusual if fewer than 20 of the murders were​ cleared? Why or why​ not?

In: Statistics and Probability

ind the EAR in each of the following cases: (Use 365 days a year. Do not...

ind the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.)

Stated Rate (APR) Number of Times Compounded Effective Rate (EAR)
10.1 % Quarterly %
19.1 Monthly
15.1 Daily
12.1 Infinite

In: Finance

A 35 year old woman with type 1 diabetes was admitted to the hospital with severe...

A 35 year old woman with type 1 diabetes was admitted to the hospital with severe anemia, vomiting and fever. She had not been feeling well for the past several months. She lost more than 25 pounds without dieting. Physical examination revealed a pale female with a distended abdomen. A CBC, glucose, pregnancy test and urinalysis were ordered.

Patient result Reference range WBC 22.1 x10^9/L RBC 4.06 x 10 ^12/L Hemoglobin 11.4 g/dl HCT 35.5 % MCV 87 fl MCH 28.1 pg MCHC 32 g/dl RDW 16% 16% 12.5 – 14.5 IRON STUDY Serum iron 40 ug/dL 50 - 160 TIBC 200 ug/dL 250 - 400 Percent saturation of transferrin 20.0 20 - 55 Ferritin 99 ng/ml 10 - 106

The pregnancy test was negative, the urinalysis had elevated glucose, and the blood glucose was also elevated. Blood smear showed anisocytosis, poikilocytosis and some tear drop cells. A diagnostic ultrasound found a 20-cm extrauterine mass. Subsequent surgical excision of the mass revealed a malignant epithelial tumor of the left ovary with metastases to the lymph nodes and lung.

3. What type of anemia do you suspect based on the CBC and morphology? 4. How is hepcidin involved in this anemia? 5. What key indicators are found in the CBC? 6. How does the iron study fit with this picture? 7. Will the soluble Transferrin receptors be increased or normal?

In: Nursing

Calculate the amount of depreciation to report during the year ended December 31 for equipment that...

Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased for 72,000 on October 1. The equipment has been estimated residual value of 9,000 and estimated useful life of 5 years or 20,000 hours . Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses a.) straight line b.) double declining balance and c.) units by production. Depreciation

In: Accounting

Suppose that last year the government ran a deficit of 10% of GDP and has now...

Suppose that last year the government ran a deficit of 10% of GDP and has now to date accumulated a debt to GDP ratio of just over 90%. Hypothetically -- assume that the president and congress jointly enact a fiscal plan which caps growth in the level of government debt at no more than 2% of GDP per year. If the policy is enacted, what would happen to the debt burden in the US over time?

In: Economics

For this activity, you have been hired as a team of consultants on a multi-year basis...

For this activity, you have been hired as a team of consultants on a multi-year basis for a global washer and dryer manufacturer. They currently offer two core washer and dryer sets: a high-end model and an economic model. You are tasked to complete several calculations and present your findings to the company stakeholders. You may use any presentation software (Google Slides, Prezi, PowerPoint, etc.) and your completed presentation should consist of 8 – 12 slides. A copy of the final presentation will be submitted by each member of the group in Unit 7.

1. For your first assignment, management has provided the following revenue and cost information:

High-End Set Economical Set
Sales price $3,500 per unit    $1,000 per unit  
Labor $875 per unit $250 per unit
Materials $1400 per unit $300 per unit
Direct fixed costs $25,000 per month $16,500 per month
Allocated fixed costs $85,000 per month $85,000 per month

They want a better understanding of their business to make budgeting and sales goals decisions and have asked you to determine their:

  1. Contribution Margins for each product line
  2. Break-even quantities for each product line
  3. Break-even quantities to earn $500,000 per year margin on the high-end line (at the current sales price)
  4. Break-even quantities to earn $300,000 per year margin on the economical line (at the current sales price)

They expect the product lines to fully absorb the costs allocated to them. They have also asked that you show each step in your calculations so that they can understand your analysis. (Note: you will be graded on your intermediary values.)

Answer with References please

In: Accounting

The net income reported on the income statement for the current year was $313,900. Depreciation recorded...

The net income reported on the income statement for the current year was $313,900. Depreciation recorded on equipment and a building amounted to $93,900 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $80,360 $84,380 Accounts receivable (net) 101,900 104,120 Inventories 200,900 179,390 Prepaid expenses 11,170 11,900 Accounts payable (merchandise creditors) 89,760 94,170 Salaries payable 12,940 11,730 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Cash flows from operating activities: Net income $ Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Changes in current operating assets and liabilities: Decrease in accounts receivable Increase in inventories Decrease in prepaid expenses Decrease in accounts payable Increase in salaries payable Net cash flow from operating activities $

In: Accounting