PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change–related services represent 70% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 30% of its sales and provides a 30% contribution margin ratio. The company’s fixed costs are $15,552,600 (that is, $77,763 per service outlet).

(a)

Calculate the dollar amount of each type of service that the company must provide in order to break even. (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)

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(b)

The company has a desired net income of $53,981 per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet? (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)

Choose the FALSE statement:

A) Based on principles of artificial selection, dairy farmers should be able to change the genetic makeup of their livestock so that new generations evolve to produce more milk.

B) Based on a comparison of their structure, the wings of bats and dragonflies can be considered to be homologousstructures, and thus, products of divergent evolution.

C) Lyell and Hutton‘s observations that slow geological changes gradually shaped the earth provided Darwin with the idea that Nature could gradually determine the shape of life.

Multiple choice: Choose the CORRECT statement as it relates to the figures:

A) the two limb structures shown are examples of analogous structures.

B) the two limb structures shown are completely unrelated, and any resemblance between the two is merely coincidental.

C) the two limb structures shown are homologous to one another and provide evidence of common ancestry.

D) the two limb structures shown are an example of convergent evolution.

Multiple choice: Which of the following statements about pattern formation genes (e.g., the Hox genes) is CORRECT:

A) They provide a means of explaining how a mutation in a single gene can result in significant evolutionary changes, including the rapid appearance of complex structures.

B) An understanding of how these genes operate helps us explain punctuated equilibrium eliminates the notion that the fossil record should contain innumerable numbers of transitional forms.

C) Our understanding of these genes confirms that microevolutionary principles can be applied equally to account for micro- and macroevolutionary changes.

D) a and b are correct

Assume that you are the international trade manager of XYZ Inc. Because your firm exports goods, to Mexico, your job as international trade manger requires you to forecast the value of year, your firm exported one-billion-peso worth of products to Mexico. The exchange rate between US dollar and Mexican peso was $.02/peso. Now, you are expecting that the following changes will take place in the markets. Assume that everything else remains the same.

1. Last year, the inflation rate in the US was 3% and 8% in Mexico. Now, you are expecting that the following change will take place in the markets. Next, year, the inflation in the US is expected to be 2% while it will increase to 9% in Mexico. With each percentage change in the differential inflation, there will be a 5% change in the demand for exports by the Mexican customers. In addition, for each percentage change in the differential inflation, there will be a 1.5% change in the value of the Mexican peso. Explain how the above changes will affect the value of exports of your company to Mexico.

2. Last year, GDP growth rate in the US was 2.5% while it was 3% in Mexico. Next year, you expect that the national income of US will increase by 3% while Mexican national income, will increase by 4.5%. for each percentage change in the differential national income, there will be a 3% change in the differential national income, there will be a 2% change in the value of the peso. Explain how the above changes will affect the value of exports of your company to Mexico.

Please list detailed steps as to how you came up with your answers.

Please Answer All 4 parts:

1.) Which of the following statements about cancers is FALSE? Select one:

a. African-Americans have higher rates of prostate and early breast cancer.

b. Most lumps detected in breasts are not cancerous.

c. Testicular cancer has a high survival rate if detected early before it spreads.

2.) How do orgasm and ejaculation differ from one another? Select one:

a. Orgasms are dependent on changes in the activity of neurons in the brain's cortex, while ejaculation is dependent on changes in the activity of neurons in the spinal cord.

b. Orgasms are a purely psychological phenomenon and are not associated with any changes in physiological or neural activity while ejaculation is associated with muscular contractions in the pelvis.

c. They differ from one another in that only men can ejaculate while both men and women can experience orgasms.

d. Two of the above are correct

3.) Which of the following can cause hypoactive sexual desire disorder? Select one:

a. An increase in factors that make sex undesirable.

b. A, B and C all contribute to hypoactive sexual desire disorder.

c. Two of the above

d. A lack of interest in sex that doesn't cause a person any distress.

e. A decrease in factors that make sex desirable.

4.) Match each phase of sex anatomical development with the primary inducer of differentiation and organizational effects at that stage:

(Word Bank)

-estrogen

-DHT

-Terstorsone and MIH

-SRY

hypothalamus (gonadostat): __________.
external genitalia: ____________.
internal genitalia: ___________.
gonads: ____________.

8a)If Vaughn Ltd. has a margin of safety of $113000, which of the following statements is correct?

8b)

Mixed costs

8c)

Which of the following is not true?

8d)

Which of the following would most likely be considered direct material?

1. William purchased merchandise on account on April 5 for $4,488. On April 7, Brandon paid $44 of freight charges for the goods purchased on April 5. On April 8, William returned goods purchased on April 5 for $88. Include margin explanations for the changes in revenues and expenses.

Use a tabular summary to record these transactions. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

2. Prepare a tabular summary to record the following transactions on Wildhorse Company’s books using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.

(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

3. Concord Company buys merchandise on account from Riverbed Company for $520. Concord sells the goods to Ellis for $792 cash. Use a tabular summary to record the transactions for Concord Company using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Match the term with the best definition

Question 2 options:

Falkirk Ltd. produces a single product, the Thingme. Last year it sold 100,000 units with the following results: Sales $2,500,000 Variable Costs $1,000,000 Fixed costs $ 400,000 Operating income before taxes. $ 1,100,000 In an effort to improve the quality of its product, Falkirk is considering replacing one of its component parts, which costs $2 per unit, with an improved component which will cost $3 per unit. It will also have to purchase a new piece of equipment in order to change their production process. It will cost $120,000 and will have an expected useful life of 5 years. At the end of the 5 years, it will be obsolete and will be sold for $20,000. The company depreciates all of its assets using the straight-line method. The corporate tax rate is 30%. REQUIRED: SHOW ALL CALCULATIONS. ALL PARTS ARE INDEPENDENT. 1. Senior management expects that the new component will improve the Thingme’s quality. Would a 10% increase in number of units sold increase the overall profitability of Fakirk? 2. How many units would Falkirk have to sell, after it makes the changes noted above, to earn an after tax income of $575,000? 3. Calculate the margin of safety, in units, if the changes are made but there is no increase in number of units sold. Has the margin of safety improved or deteriorated from last year’s actual results? What does the margin of safety tell us? 4. If Falkirk does not change the selling price but makes the changes noted above, how many units would Falkirk have to sell to earn the same income after tax as last year?

Why is it important to identify the most appropriate cost drivers for a particular product?

A) so managers can identify the activities necessary to manufacture a product

B) so managers can control product costs better

C) so managers can predict product costs better and make better decisions

D) B and C

Answer:

Cost drivers are ________.

A) the different functions in the value chain

B) different types of functional areas in the firm

C) measures of activities that require the use of resources and thereby cause costs

D) different types of cost calculations

Answer:

Within the relevant range, the total amount of ________ cost changes in direct proportion to changes in the cost driver. Within the relevant range, the total amount of ________ cost does not change in direct proportion to changes in the cost driver.

A) fixed; variable

B) variable; fixed

C) step; mixed

D) mixed; step

Answer:

What happens when the cost-driver level increases within the relevant range?

A) Total fixed costs remain unchanged.

B) Fixed costs per unit of cost driver increase.

C) Total variable costs decrease.

D) Variable costs per unit of cost driver increase.

Answer:

Which of the following costs is a fixed cost?

A) cost of dairy ingredients used to produce ice cream

B) depreciation expense on factory building

C) fuel used by delivery trucks

D) labor wages of workers who mix dairy ingredients to make ice cream