Engberg Company installs lawn sod in home yards. The company’s most recent monthly contribution format income statement follows:

Amount Percent of Sales

Sales $ 92,000 100%

Variable expenses 36,800 40%

Contribution margin 55,200 60%

Fixed expenses 43,240

Net operating income $ 11,960

Required:

1. What is the company’s degree of operating leverage?

2. Using the degree of operating leverage, estimate the impact on net operating income of a 7% increase in unit sales.

3. Construct a new contribution format income statement for the company assuming a 7% increase in unit sales.

Answers

Answer 1

The company’s degree of operating leverage (DOL) = $55,200 / $11,960

% Change in Net Operating Income = 4.61 x 7% = 32.27 %. Accordingly, it is anticipated that a 7% increase in unit sales will result in a 32.27 % increase in net operating income.= 4.61

The 7% increase in unit sales would result in a $19,976 net loss for the business.

What is Operating Income?

A company's operating income is the amount of revenue left over after operating expenses like wages, rent, depreciation, and cost of goods sold (COGS) are deducted. This is a measure of the company's financial performance. It is at times alluded to as profit before interest and duties (EBIT).

A company's profitability from its core operations, or the activities that generate revenue and are required to sustain the business, can be measured by operating income. Investors and analysts can evaluate a company's efficiency in generating profits from day-to-day operations by focusing on operating income.

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Related Questions

Foundation for motivation

Answers

Answer:

focus on identifying internal factors such as instincts, needs, satisfaction, and job characteristics 

Explanation:

Create a flow chart that shows the hierarchy of the US Banking Systems.

Answers

Answer:

NOOB

Explanation:


Explain how the Halloween holiday is related to economics.

Answers

Some argue that Halloween spending diverts resources that would be better spent on longer-term, more productive economic activity. While others argue that Halloween spending is inefficient at satisfying consumer wants, thus spurring more spending overall, causing the economy to grow. Example: the state of the economy affects the Halloween industry more than Halloween affects the state of the economy. In a down economy, for instance, consumers may be less likely to spend on frivolous goods such as costumes, candy, pumpkins, and home decorations. Or Conversely, booming economic times might serve as a boon to Halloween expenditures. Regardless of which way the relationship goes, many economists believe the increase in spending has a positive effect on the economy.

Consider a simplified situation where you have two credit cards. Credit card 1 has a balance of $1,132 and has a 5% interest rate. Credit card 2 has a balance of $5,273 and a 14% interest rate. What is the best strategy to reduce your debt? (Assume consolidation, balance transfers, and other debt management strategies are not options)

Group of answer choices

Figure out the maximum amount of money you can afford to pay and pay it equally on both cards.

Pay the minimum on both cards.

Pay the minimum on card 1 and as much as possible on cart 2. When card 2 is paid off pay as much as possible on card 1.

Pay the minimum on card 2 and as much as possible on card 1. When card 1 is paid off pay as much as possible on card 2

Answers

Answer:

This is a question about what's often called the "avalanche method" versus the "snowball method" of paying off debt.

The avalanche method involves paying off the debt with the highest interest rate first, which minimizes the total interest you'll pay. The snowball method involves paying off the smallest debt first, which can provide a psychological boost, but may lead to paying more interest overall.

Given the balances and interest rates on these credit cards, you would save the most money by using the avalanche method. This is because Credit Card 2 has a much higher interest rate, and a balance that's also higher than Credit Card 1.

The more interest a balance accrues, the more you ultimately have to pay back. So, it's best to eliminate the highest-interest debt first if you're solely aiming to pay as little as possible in the long run.

Therefore, the best strategy in this case, to reduce your debt in the most cost-effective manner, is to:

"Pay the minimum on card 1 and as much as possible on card 2. When card 2 is paid off, pay as much as possible on card 1."

Note that this advice is focused on minimizing your total payments. There can be psychological benefits to paying off smaller debts first (the "snowball method") because it can feel like you're making more progress. But if you're looking to pay the least amount of money overall, focusing on the debt with the highest interest rate is the way to go.

Studying products for similarities or differences is known as ______ shopping.

-Marginal
-Comparison
-Emotional
-Research

Answers

It's a form of research to look at products from different websites, but comparison means when you are comparing two things.

My answer would be B. Comparison

Studying products for similarities or differences is known as Comparison shopping. Option B. This is further explained below.

What is Comparison shopping.?

Generally, Comparison shopping is simply a typical technique in which buyers check the prices of various things from several stores before making a purchasing choice.

In conclusion, Comparison shopping is the process of examining things for similarities and differences.

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When an employee leaves a position, how should the human resources department respond?


A. Post a job description to fill the position as quickly as possible.


B. Review the position to determine whether and when the position

should be filled again.


C.Train another employee to fill the position as quickly as possible.


D. Meet with college career advisors to advertise the position.

Answers

When an employee leaves a position, the right response of the human resources department will be to review the position to determine whether and when the position should be filled again.

What is the role of human resources department?

In management, a Human resources refers to the division of a business that is charged with finding, screening, recruiting as well as training the job applicants. The HR managers also administers employee-benefit programs.

The department of human resources HR is an essential component of any business regardless of an organization's size. The department is mainly tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce.

In conclusion, these HR managers plays an important role in helping companies deal with a fast-changing business environment and a greater demand for quality employees in the 21st century.

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Answer:

B. - Review the position to determine whether and when the position should be filled again.

Explanation:

Which secondary effect of advertising refers to a change in the customer’s opinion of the product over a period of time?

Answers

The Carryover Effect in Advertising is the rate at which the effectiveness of an advertising campaign diminishes over time

Joe received a promotion this year at work and now has an income which has increased by 21%
since last year. Joe has now increased his quantity demanded of red wine by 7%. In this example,
Joe's

Answers

Joe received a promotion this year at work and now has an income which has increased by 21% since last year. Joe has now increased his quantity demanded of red wine by 7%. In this example, Joe's

cross-price elasticity is 3 and the good is an inferior good.

income elasticity is .33 and the good is an inferior good.

income elasticity is .33 and the good is a normal good.

Answer- income elasticity is .33 and the good is a normal good.

In which scenario is an individual's behavior least likely to change?

a. The city of Saskatoon chooses to give its residents a penny for each soda can they recycle in an effort to promote environmental awareness.

b. In an effort to make people eat healthier, the city of Bakersville tells its residents to eat wheat bread instead of white bread.

c. A basketball team manages to sign a trio of famous basketball stars who then clamor for other players to come join their team to win a guaranteed championship.

d. The country of Ravamolk enacts a policy to fine companies 20% of their earnings if the safety standards in their factories do not reach acceptable work conditions.

Answers

b. In an effort to make people eat healthier, the city of Bakersville tells its residents to eat wheat bread instead of white bread.

In the other options, there are actual incentives/consequences for the thing they are trying to change. Without those, it’s more of a suggestion, and people are less likely to change without those incentives/consequences because it doesn’t directly affect them.

It’s like your mom saying “You should really do your homework.” versus “If you don’t do your homework, I’ll take your phone.” or “If you do your homework, you can have ice cream after dinner.” In this scenario, you are more likely to change with the incentives/consequences because it directly affects you.
Final answer:

An individual's behavior is least likely to change when merely informed of a healthier option, like in Scenario B, as there is no incentive or consequential action attached.

Explanation:

In the given scenarios, an individual's behavior is least likely to change in Scenario B where the city of Bakersville tells its residents to eat wheat bread instead of white bread. This scenario only involves information provision with no rewarding or punitive actions attached to induce behavior change, as compared to the rest of the scenarios. Behavioral change usually occurs when there are incentives or penalties associated with the action. For instance, in Scenarios A & D, Saskatoon and Ravamolk are using a reward technique and penalties respectively, as a trigger for behavioral change. Scenario C is using the appeal of fame and success to encourage change. But talking about bread choice without any consequential actions does not guarantee a behavior change.

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Coronado Industries has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales for Coronado are 60000 Standard and 40000 Supreme. Fixed expenses are $1800000. At the expected sales level, Coronado’s net income will be:_______.

Answers

Answer:

Net income= $1,200,000

Explanation:

Giving the following information:

Weighted-average unit contribution margin= $30

Sales= 60,000 + 40,000= 100,000 units

Fixed expenses= $1,800,000

To calculate the net income, we need to use the following formula:

Net income= total contribution margin - fixed costs

Net income= 30*100,000 - 1,800,000

Net income= 1,200,000

Which of the following components in a value chain is the activity of receiving supplies, storing products, and managing inventory?

Marketing & Sales
Inbound Logistics
Operations
Outbound Logistics

Answers

The answer fam is......... Inbound Logistics

Ann bell borrowed $12,000 at a 7% interest rate for two years. After two years, what is the total repayment amount?

Answers

Answer:

The total amount for repayment is $13,738.8

Explanation:
Amount to be repaid after x years=Principle amount *(1+(interest/100))^x

Using this, interest=7; x=2;

Amount to be repaid comes out to be 12000*(1.07)^2
i.e. 13,738.8.

Key Components of Financial Planning
Directions. As you see words pop up on the left side of the
video screen, write them into the workbook blanks
Assess your
situation (your income,
assets and liabilities)
Set money
Make sure you have a mix of both
short-term and long-term goals.
You must write out a detailed for accomplishing
your goals. This begins with your budget.
your plan! This involves discipline and
perseverance
2
Know your money
Regularly
and reassess your financial plan.
Replace money
with money truths.

Answers

Answer:

ror

Explanation:

charorot charorot charorot

what are 2 different types of budgets and discuss how they complement each other?

Answers

There are two main types of budgets: operational budgets and financial budgets.

Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.

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where does the 32 come from in cash received for common stock issued

Answers


A public company can issue common stock to the shareholders of acquisition targets, which they can then sell for cash. This approach is also possible for private companies, but the recipients of those shares will have a much more difficult time selling their shares.

Multiply the number of shares issued by the price per share. Doing this calculation gives you the amount of cash raised by the sale of the stock. For example, if the company issues 100 shares at $10 per share, the result is $1,000 of additional capital raised from stock issuances.

2. Provide three examples of innovative activities, practices that leaders might undertake. Do not limit your ideas to
those presented in the text.

Answers

Answer:

Examples of innovative activities which leaders might undertake are:

1. Reading and reviewing a book with their employees in an area of organizational deficiency;

2. Encouraging and promoting problem-solving rather than rote activities through the use of financial rewards tied to such activities

3. Carrying our regular (weekly performance) feedback of each person's performance including the leader she or himself in order to ensure timely and goal-oriented course correction.

Cheers

The owner’s initial investment consists of $38,600 cash and $45,980 in land. The company’s $18,550 equipment purchase is paid in cash. The accounts payable balance of $9,060 consists of the $3,830 office supplies purchase and $5,230 in employee salaries yet to be paid. The company’s rent, telephone, and miscellaneous expenses are paid in cash. No cash has been collected on the $14,620 consulting fees earned. Using the above information prepare an October 31 statement of cash flows for Ernst Consulting. (Cash outflows should be indicated by a minus sign.)

Answers

Missing information:

ERNST CONSULTING

Income Statement

October 31. 202x

Revenues:

Consulting fees earned $15,600  

Total revenues $15,600

Expenses:

Salaries expense $7,450  

Rent expense $4,070

Telephone expense $810

Miscellaneous expenses $630

Total expenses $12,960

Net income $2,640

Cash dividends $2,530

Answer:

Ernst Consulting

Statement of Cash Flows

October 31, 202x

Cash flows from operating activities:

Cash received from customers                                     $0

Cash paid for:

Rent expense                                                         -$4,070

Telephone expense                                                  -$810

Miscellaneous expenses                                         -$630

Total cash flow from operating activities             -$5,510

Cash flows from investing activities:

Cash paid for equipment                                     -$18,550

Total cash flows from investing activities           -$18,550

Cash flows from financing activities:

Cash investment from stockholders                   $38,600

Cash paid for dividends                                        -$2,530

Total cash flows from financing activities           $36,070

Net cash increase                                                  $12,010

Cash balance October 1, 202x                                     $0

Cash balance October 31, 202x                           $12,010

What is market segmentation in marketing with example?

Answers

Market segmentation, in marketing, is the division of a broad target market into more focused groups based on shared characteristics, tendencies, requirements, or preferences.

Market segmentation in marketing with example.

In marketing, market segmentation refers to the process of breaking up a large target market into more narrowly defined segments based on shared traits, tendencies, needs, or preferences. Identification of various market segments is necessary in order to target them with specialized marketing techniques and messages.

Think about a business that sells athletic shoes. They choose to use market segmentation to find particular segments with varied wants and preferences when it comes to athletic shoes rather of targeting the full market of potential clients.

The corporation can effectively target these niche markets with goods and advertising messages that speak to their particular needs and preferences by using market segmentation. Their chances of succeeding in the market are eventually increased by being able to customize their product offers, pricing, promotional techniques, and distribution networks to each segment.

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Marketing objectives should be all of the following EXCEPT:________.
a. realistic
b. measurable
c. time specific
d. abstract
e. comparable against a benchmark
f. Marketing objectives should be all of these.

Answers

Answer:

d. abstract

Explanation:

Marketing objectives are the goals that a marketing team hope to achieve.

The Marketing objectives should be realistic, it should be an objective that should be achievable given the resources, circumstances of the product, marketing team and environment.

Marketing objectives should be measurable. There should b a yardstick against which objectives can be measured. e.g. a marketing team can have an objective to sell 50 of the company's product in a day

Time specific : there should be a time by which the marketing team hopes to achieve their objectives e.g. the team plans to sell the a company's product in a week.

If Marketing objectives is abstract, there would be no guideline for the marketing team to follow and the team wont achieve their objectives. Marketing objectives has to be clear, precise and concise.

Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?

Answers

The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.

The introduction of the minimum wage does not increase the total income of workers taken as a group.

How to determine employment and real wage

To find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.

MPN =

\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P

\)

where P is the price of output, which we can assume is equal to 1.

This equation can be rearranged to solve for N:

N =

\((9/2) (K/w)^2\)

Plugging in K = 25 and w = 2, we get:

N =

\((9/2) (25/2^2) = 70.3125\)

To find the real wage, we can plug this value of N into the labor supply curve:

NS =

\(100[(1-t)w]^2 = 100(1-0)(2)^2\)

= 400

Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.

\((9/2)^0.5 (K/N)^0.5 = w/P

(9/2)^0.5 (25/N)^0.5 = 1/2

N = (9/2) (25/2^2) = 70.3125

w = 2(70.3125/100)^0.5 = 1.5811\)

The equilibrium real wage is $1.5811 per hour.

To determine whether the introduction of the minimum wage increases the total income of workers,

Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31

After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:

N =

\((9/2) (25/2^2) / (2)^2 = 35.15625\)

Total income after minimum wage = wN = 2 x 35.15625 = $70.31

Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.

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If the nominal interest rate is 7 percent and the rate of inflation is 3 percent, then the real interest rate is:_________.
a. 7 percent.
b. 4 percent.
c. 3 percent.
d. 10 percent.

Answers

B I think ssr Hh jj. Huh

Kate was turned down for a job because of a bad credit report. The creditor is required to give her the name of the credit bureau that supplied the report, according to
the:
Fair Credit Reporting Act.
Fair Credit Billing Act.
Truth in Lending Law.
Equal Credit Opportunity Act

Answers

The creditor is required to give Kate the name of the credit bureau that supplied the report under the Fair Credit Reporting Act (FCRA). The FCRA is a federal law that regulates the collection, use, and disclosure of consumer credit information. Under the FCRA, creditors are required to provide consumers with a copy of their credit report upon request. They are also required to provide consumers with the name and address of each credit bureau that has provided them with a report within the past two years.

The other laws you mentioned are also important, but they do not specifically address the issue of providing consumers with the name of the credit bureau that supplied their report. The Fair Credit Billing Act (FCBA) regulates the billing practices of creditors and credit card companies. The Truth in Lending Law (TILA) requires lenders to disclose certain information to borrowers, such as the annual percentage rate (APR) and the total amount of interest that will be charged on a loan. The Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against borrowers on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive income from a public assistance program.

Pybus, Inc. is considering issuing bonds that will mature in 21 years with an annual coupon rate of 7 percent. Their par value will be ​$1,000​, and the interest will be paid semiannually. Pybus is hoping to get a AA rating on its bonds​ and, if it​ does, the yield to maturity on similar AA bonds is 8 percent. ​ However, Pybus is not sure whether the new bonds will receive a AA rating. If they receive an A​ rating, the yield to maturity on similar A bonds is 9 percent. What will be the price of these bonds if they receive either an A or a AA​ rating?

The price of the Pybus bonds if they receive a AA rating will be ​$

Answers

Answer:

The price of the bonds if they receive an A rating is $1,062.77, and if they receive a AA rating is $1,110.84.

Explanation:

To determine the price of the bonds if they receive either an A or AA rating, we can use the bond pricing formula:

Price = (C / r) * (1 - (1 + r)^-n) + (F / (1 + r)^n)

where C is the annual coupon payment, r is the yield to maturity, n is the number of periods to maturity, and F is the face value.

First, let's calculate the annual coupon payment:

C = 7% * $1,000 = $70

Next, we'll calculate the number of periods to maturity:

n = 21 years * 2 (because interest is paid semi-annually) = 42

Now, if the bonds receive a AA rating, the yield to maturity is 8%. We can use this yield to maturity to find the price of the bonds:

Price = ($70 / 0.08) * (1 - (1 + 0.08)^-42) + ($1,000 / (1 + 0.08)^42) = $1,110.84

Alternatively, if the bonds receive an A rating, the yield to maturity is 9%. We can use this yield to maturity to find the price of the bonds:

Price = ($70 / 0.09) * (1 - (1 + 0.09)^-42) + ($1,000 / (1 + 0.09)^42) = $1,062.77

In conclusion, the price of the bonds if they receive an A rating is $1,062.77, and if they receive a AA rating is $1,110.84.

the assigned value of a product is its what

Answers

The value that is assigned to any product is known as Price of the Product.

What is the  product?

A product is refers as goods or services prepared with the objective to sale and gets some income in exchange. A product can be both tangible and intangible to use.

The value of any product can be considered as the amount charge to sale it. The calculation pf price will be based on cost of manufacturing along with other expenses calculated till delivered to consumer.

Therefore, price is used to determine the value of any product.

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The BEST way to __________________ a customer is right then and there at that moment!

Answers

Answer:

serve

Explanation:

hope that helps

(-)

onsumer Economics: Tutorial
Part E
At what wage rate will there be excess labor supplied in the market?

Answers

Excess labor supply in the market occurs when the wage rate is above the equilibrium level.

Consumer economics refers to the study of how individuals and households make decisions about what they consume, how they save and invest, and how they allocate their resources.The wage rate at which there will be an excess supply of labor in the market is known as the equilibrium wage rate. This means that the quantity of labor demanded equals the quantity of labor supplied.

At a wage rate above the equilibrium level, there is a surplus of labor available as the quantity supplied of labor is greater than the quantity demanded for labor. On the other hand, at a wage rate below the equilibrium level, there is a shortage of labor as the quantity demanded of labor is greater than the quantity supplied for labor. Thus, the equilibrium wage rate is essential to maintain stability in the labor market.The equilibrium wage rate is determined by the forces of demand and supply.

The demand for labor arises from the demand for goods and services that labor produces. The supply of labor arises from the willingness of people to work at a particular wage rate. The equilibrium wage rate is the wage rate where the quantity of labor demanded is equal to the quantity of labor supplied in the market.Therefore, excess labor supply in the market occurs when the wage rate is above the equilibrium level.

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Question 10 of 10
How do values play a role in planning a career?

Answers

Career values are crucial since they can help define the parameters for your personal fulfillment and professional success. You may be intentional in your employment search and utilize your values to build your future by recognizing your own values and what matters most to you.

What are values in career planning?

Work values, also known as career values, are the personal ideas, drives, and beliefs that guide you in determining what matters most to you in your professional life. Your drive to work and your overall success at work are both influenced by them.

Our actions, relationships, and lives as a whole are influenced by our own values. In addition to helping us make important decisions, our beliefs can affect how we develop personally. Knowing your values will help you make decisions about your profession, relationships with others, and interests that are most important to you.

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What happens when demand decreases while supply increases

Answers

Explanation: When demand decreases while supply increases, it creates a situation of surplus, also known as oversupply. This is because there is now more supply available in the market than there is demand for it, leading to a surplus of goods or services.

As a result, businesses may have to lower their prices to incentivize consumers to purchase their products or services. This can lead to a decrease in revenue for the businesses and potentially even lower profits. In some cases, businesses may also need to reduce their supply in response to the decrease in demand.

If the surplus persists over a longer period, businesses may also need to cut costs, such as reducing staff or production capacity, in order to remain profitable. This can have broader economic implications, such as rising unemployment rates and a decrease in overall economic activity.

Overall, a decrease in demand while supply increases can have negative consequences for businesses and the economy as a whole.

Answer: When demand increases and supply increases it leads to reduction in the equilibrium price.

Explanation:

The market price will fall as a result of a decline in demand and an increase in supply because, for any quantity, consumers now place a lower value on the item and producers are ready to accept a lower price.

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Alcohol affects the Limbic portion of the brain by What?

Answers

Alcohol affects the Limbic portion of the brain by  the cerebellum.

How does alcohol affect the human brain?

The way that alcohol affects the brain is that it leads to the shrinking of the brain matter in humans. This has the way of causing a human to act in certain ways that may show that they may be experiencing memory loss.

It makes it harder for the parts of the brain that is in control of balance, speech and coordination to be able to carry out their functions effectively. Hence we can say that alcohol affects the Limbic portion of the brain by  the cerebellum.

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Which of the following is an example of unearned income?
Compensation received by a self-employed, freelance writer for services provided.
Interest earned on a savings account.
Tips.
Wages from a part-time job.

Answers

Answer:

c

Explanation:

Interest earned on a saving account represent the  example of unearned income.

The following information regarding the unearned income is:

Unearned income means income i.e. not earned from regular employment.It is like a passive income like interest or any dividends from investments etc.

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10. The surface area of a cylinder with radius rand height h is twice the product of r and thesquare of the radius plus twice the product of it, the radius, and the height.EducationFinancial Algebra, F11 Does free verse poetry have irregular lines? South Dakota state historian Doane Robinson was the first person to suggest a sculpture set in the states Black Hills. Robinson had originally chosen different subjects for the sculpture, but sculptor Gutzon Borglum disagreed with Robinsons choices. He instead selected as his subject four U.S. presidents: George Washington, Thomas Jefferson, Theodore Roosevelt, and Abraham Lincoln. Borglum thought these presidents best reflected the first 150 years of the countrys existence.Is the elaboration effective, ineffective, or average? A consumer rights advocate wants to determine the lifetime of a certain type of tablet computer. She randomly selects a sample of 29 of these tablets, and calculates the mean and standard deviation to be Inventory at the beginning of the year cost $13,400. During the year, the company purchased (on account) inventory costing $84,000. Inventory that had cost $80,000 was sold on account for $95,000. At the end of the year, inventory was counted and its cost was determined to be $17,400. a. Calculate the cost of goods sold Cost of Goods Sold b. What was the dollar amount of Gross Profit? Gross Profit c. Prepare journal entries to record these transactions, assuming a perpetual inventory system is used (f no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Consider a stock in which the put, the call and the forward are provided. If the current price of the stock is 100 and the annual effective risk-free interest rate is 1%. Show the strategy that has the highest net premium. Assume that there are no transaction costs. Answer choices: a. Buy a six-month 105 put and sell a six-month 105 call. b. Sell a six-month 100 call and long a six-month 105 put. c. Sell a six-month forward. d. Buy a six month forward on the stock. Stability, clear expectations, and creating order are all strengths of bureaucracies. True or False? The difference between the actual labor hours and the standard labor hours, multiplied by the standard labor rate is the:direct labor efficiency variance.direct labor rate variance.direct labor spending variance.direct labor volume variance. arrange these numbers from least to greatest?3.07 times 10 to the 2nd power, 3 5/11, 15, -3.9 Why did Americans keep trying toimprove transportation? HELP ME. how did Hamiliton's economic plan reflect his federalist philosophy? Before computers how did map makers create map projections What us the range of the data below? A ratio defined as Which composition of similarity transformations maps polygon ABCD to polygon A'B'C'D'? Which type of north points towards the north pole?true northgrid northmagnetic northequatorial north Please help meeeeHow does Sarah Bagley characterize the practices at Lowell mill in the Voice of Industry?a. as an affront to individual rightsb. as class warfarec. as an insult to female sensibilitiesd. as a moral wronge. as a stage in an economic revolution Is this statement true or false?A down payment is paid before you begin monthly payments.truefalse List Four U.S. Boundaries Given the following: f(x) = 3x - 7; g(x) = 13x - 2; and h(x) = 6xh(h(g(x))) equals 39x - 13.TrueFalse