Based on the information given ABC's gross profit percentage is 52%.
Gross profit percentageUsing this formula
Gross profit percentage=Sales revenue-(Beginning inventory+Purchases-Ending inventory)/Sales revenue
Let plug in the formula
Gross profit percentage=160,000-(20,000+81,000-24,000)/160,000
Gross profit percentage=160,000-77,000/160,000
Gross profit percentage=83,000/160,000
Gross profit percentage=0.518×100
Gross profit percentage=52% (Approximately)
Inconclusion ABC's gross profit percentage is 52%.
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The purpose of assigning a number to each of the consequences in a grid analysis is to _______. A. Allow the consequences to be ranked chronologically b. Allow the consequences to be put in numerical order c. Allow the consequences to be weighed and measured d. Allow the consequences to be eliminated through subtraction Please select the best answer from the choices provided A B C D.
Answer:
B
Explanation:
Allow the consequences to be put in numerical order
Project ____ management involves generating, collecting, disseminating, and storing project information.
Answer:
communications
Explanation:
The difference between a revenue or cost item in the planning budget and the same item in the flexible budget at the actual level of activity is a(n) ______ variance.
When there is a difference between an item in the planning budget and the flexible budget, this is an activity variance.
What is an activity variance?This is when items in the flexible budget and the planning budget are different based on the actual level of activity that the company saw as opposed to the planned level.
As this difference arises because of a difference in activity, it is labeled the activity variance.
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You have a job in the Cute Clothing Boutique with wages of $10 per hour. You work 35 hours each week, so your gross pay is _____ per week.
Answer:
$350 per week
The modern economy has produced jobs that no longer rely on brute strength, but on social intelligence, open communication, and the ability to sit still and focus. Due to this change there has been an extreme makeover in _________ worldwide.
The modern economy has influenced a change in the image of the evolution of gender roles throughout the world.
What are gender roles?Gender roles is a term that refers to the distribution of work and social roles according to a person's gender. In ancient times, men had different roles than women and this idea was transmitted generationally until modernity.
In modernity with the arrival of a new economic system, the roles of women were more similar to those of men because those paradigms that women were less capable than men were overcome.
Nowadays, the roles of women and men are equal in many aspects, so women can play any social role they want regardless of their gender.
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What is the estimate of Walmart's long term growth assuming the constant growth period started in 2014 when the dividend per share was $1.89
The estimate of Walmart's long term growth is 2.87%.
What is the estimate of Walmart's long term growth?The long-term growth of a stock is the expected compound average rate of growth expected over a long period of time. It is considered to a more stable rate of growth.
The dividend per share of Walmart is $2.24 as at 2022.
Long term growth rate = (2.24 / 1.89)^(1/8) - 1 = 2.87%
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In 2015, the United States generated 263 million metric tons of municipal solid waste, withmore than half of the waste ending up in sanitary landfills.(i) Describe a potential environmental problem that could result from rain falling on a sanitary landfill
When rain falls on a sanitary landfill, a potential environmental problem is the formation of Leach-ate.
What is Leach-ate?When rain falls on a sanitary landfill and dissolves some solids into it, the water that is formed is known as leach-ate.
Leach-ate in this instance is quite toxic and can lead to the pollution of ground water when it is absorbed into the ground.
In conclusion, a potential problem is the formation of leach-ate.
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According to central place theory, the threshold is defined as the:.
Threshold is defined as the smallest market area necessary for the goods and services to be economically viable.
What is Central place theory?This is defined as an urban geographical theory that explains the number, size and range of market services in a commercial system or human settlements in a residential system.
For goods and services to be sold, the region or market has to be viable which is best explained as the threshold.
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Which factor of production would you consider a cow?
Answer:
Milk
Explanation:
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The process of transferring transactions as they happen to an off-site facility is called ___________.
Answer: Remote journaling
Explanation: The transfer of live transactions to an off-site facility is called remote journaling .
how has the pandemic financial impacted households?
Explanation:
we always budgeting our money and didn't eat what our like because of financial problems
The common law concept that requires an employee to render loyal and faithful service to the employer is ____.
The common law concept that requires an employee to render loyal and faithful service to the employer is : Duty of loyalty
What is common law?Common law, also known as case law, is the law that come from different judicial decisions that happen in courts and other types of similar tribunals .This means that common or case law is what arises from court rulings or precedents.
The duty of loyalty means an employee is obligated to render “loyal and faithful” service to the employer, to act with “good faith,” and not to compete with but rather to advance the employer's interests.
Hence, the common law concept that requires an employee to render loyal and faithful service to the employer is duty of loyalty.
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Today's trend is to expand the span of control because: Multiple select question. empowerment increases costs and reduces profits the workforce is better educated at all levels organizations want more control at every level organizations save by reducing the number of middle managers
It is important to expand the span of control because
the workforce is better educated at all levels.organizations save by reducing the number of middle managers.What is a span of control?Span of control simply means a key element in the structure of an organization.
In this case, it is vital to expand the span of control because the workforce is better educated at all levels and organizations save by reducing the number of middle managers.
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Any person or entity who knows, or should have known, of the presentation of a false or fraudulent claim to the government for payment or approval is subject to.
When a person make a fraudulent claim to the government for payment it is called: the False Claims Act.
What is False Claims Act?The False Claim Act is law that found a person who intentional makes a false claim against government agency guilty.
This law states that no person should make a false claim as any person or individual who makes a fraudulent claim so as to defraud the government or present a false claim will be subjected by the court of law if found guilty.
Inconclusion fraudulent claim to the government for payment or approval is subject to: the False Claims Act.
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There are three types of contractual conditions: condition precedent, condition subsequent, and concurrent conditions. Group of answer choices true false
The three types of contractual conditions given are correct and true. The types of contractual conditions are;
Condition precedent,Conditions concurrent, and Condition subsequent What is a contractual condition?A contractual condition is any requirement that is included in a contract. Each condition creates a contractual duty, the violation of which may result in a lawsuit.
Not all conditions are specified specifically, and other conditions have less legal weight since they are supplementary to the contract's purpose.
This signifies that each of the parties is compelled or obliged under the contract to execute an obligation. The duties of the parties are determined by the contract conditions.
However, the numerous types of contractual conditions are;
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Concertville is hosting a series of outdoor concerts in the park. The concert series will cost the city $1,250 to host. City officials expect the concert series to draw a crowd of 250 people, 50 of whom will free ride. Based on this information, how much should city officials charge for the concert series in order to cover the $1,250 expense
The amount the city officials should charge for the concert series is $6.25.
What is the free rider problem?The free rider problem is a form of market failure that occurs when people benefit from a good or service but do not pay to enjoy the service.
The amount to be charged = expense / people who do not free ride
1250 / (250 - 50) = $6.25
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xetci u popping up everywhere.
arm and hammer baking soda which was originally developed as a cooking ingredient, is now being sold as an effective refrigerator deodorizer. this is an example of __________ innovation.
1. positioning
2. process
3. distributed
4. associative
Answer:
The first one is the answer. Positioning.
On an income statement the discontinued operations section refers to.
Answer:
parts of a company's core business or product line that have been divested or shut down, and which are reported separately from continuing operations on the income statement.
On an income statement the discontinued operations section refers to disposal of a segment of a business.
The term "concluded operations" in an income statement refers to the results of operations of a company's component that has either been sold off or shut down.
If a component is held for sale, its operating results for the most recent period and any preceding periods, as well as any gain or loss on disposal, must be recorded in a distinct area of the income statement called discontinued operations.
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Paris Perfumes has provided the following data for the previous year: Units sold during the previous year 25,000 units Selling price per unit $75 Direct materials per unit $35 Direct manufacturing labor per unit $10 Variable manufacturing overhead per unit $5 Fixed manufacturing costs $250,000 Budgeted production at the beginning of the year 27,000 units Variable marketing cost per unit $3 Fixed marketing cost $30,000 Number of units in opening inventory 0 Number of units in ending inventory 2,000 units What was the throughput margin for the previous year for Paris Perfumes
The throughput margin for the previous year for Paris Perfumes is $550,000.
What is the throughput margin?The throughput margin is the same as the contribution margin.
The throughput margin calculates the profits obtained across the production cycle, focusing on variable costs and sales revenue.
Data and Calculations:Units sold = 25,000 units
Selling price per unit = $75
Direct materials per unit = $35
Direct labor per unit = $10
Variable manufacturing overhead = $5
Variable marketing cost per unit = $3
Total variable costs per unit = $53
Fixed manufacturing costs = $250,000
Fixed marketing cost = $30,000
Total fixed costs = $280,000
Budgeted production units = 27,000
Ending inventory = 2,000
Throughput margin per unit = $22 ($75 - $53)
Throughput margin for the previous year = $550,000 ($22 x 27,000 - 2,000)
Thus, the throughput margin for the previous year for Paris Perfumes is $550,000.
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Yegnaw Company produces and sells two types of yoga –training products. How to video tapes and basic equipment set (blocks, strap and small pillows). Last year, yegnaw sold, 14500 videos and 7250 equipment sets. Information on the two products is as follows;
Videos set Equipment
Price Birr. 17. 40 Birr. 21. 75
Variable cost per unit 5. 80 8. 70 Total fixed costs are Bir. 101, 500
Required; Answer the following
1, what are the sales Mix of videos and equipment sets?
2, Compute weighted average contribution margin?
3, Compute the break –even quantity of each product?
4, what is weighted average contribution margin ratio?
5, what is the overall break-even sales revenue?
The computations of the sales mix, weighted average contribution margins, and break-even quantity for Yegnaw Company are as follows:
1. The sales mix of videos and equipment sets is 2: 1 (14,500:7,250)
2. The weighted average contribution margins are:
Videos set Equipment
Weighted average contribution margin Br. 7.42 Br. 4.70
3. The break-even quantity of each product is as follows:
Videos set Equipment
Break-even point (units) 13,679 21,596
4. The weighted average contribution margin ratios are as follows:
Videos set Equipment
Weighted average contribution ratio 64% 36%
5. The overall break-even sales revenue is Br 707,927.60 (13,679 x Br 17.40 + Br 21.75 x 21,596).
What is the break-even analysis?The break-even analysis is an accounting tool to determine that total revenue equals total expenses of Yegnaw Company.
The break-even analysis shows the break-even point, which is the point at which the company does not make a profit or loss but the total revenues equal total variable and fixed costs.
The break-even point is computed as the fixed cost divided by the contribution margin per unit. For multiple products, the break-even point can be computed by weighting the contribution margin as follows:
Data and Computations:Videos set Equipment
Quantity sold last year 14,500 7,250
Price Br 17.40 Br 21.75
Variable cost per unit 5.80 8.70
Contribution margin per unit Br 11.60 Br 13.05
Total contribution margin Br 168,200 Br 94,612.50 (Br 13.05 x 7,250)
Total contribution margin for 2 products = Br 262,812.50
Weighted average contribution ratio 64% 36% (Br94,612.50/Br 262,812.50 x 100)
Weighted average contribution margin per unit:
Br 7.42 (Br 11.60 x 64%) Br 4.70 (Br. 13.05 x 36%)
Total fixed costs = Br 101,500
Videos set Equipment
Weighted average contribution margin Br. 7.42 Br. 4.70
Break-even point (units) 13,679 21,596
(Br 101,500/Br 7.42) (Br 101,500/Br 4.70)
= Fixed costs/Weighted average contribution margin per unit
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Often Running is a retail store that caters to individuals who enjoy running and walking. However, the store understands that not all individuals are the same, and many may share one or more characteristics that lead them to have similar product needs. For instance, runners participating in high school or college track teams may need several different types of shoes for training, including running shoes, indoor track shoes, and outdoor spike shoes. The group of runners who are members of a track team would represent a market _______ to the business.
Answer:
segment
Explanation:
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A special type of owner's equity account set up to record the owner's withdrawal of cash from the business is called the
Answer:
Drawing account.
Explanation:
Scientists around the world use a standardized taxonomic system. Why would scientists want to use a taxonomic system that is standardized?.
Scientists use the standardized taxonomic system to avoid confusion with identifying organisms.
What is a standardized taxonomic system?It is a system of binomial naming and identification of different types of organisms according to:
SpeciesClassGenreTherefore, taxonomy is essential for categorizing organisms and identifying biological information, helping scientists to organize and understand biology.
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To estimate what the profit will be at various levels of sales volume, multiply the number of units to be sold above or below the break-even point by the unit contribution margin. Group startsTrue or False
In order to estimate the profit that will be at various levels of sales, multiply the number of units to be sold above or below the break-even point by the unit contribution margin. The statement is false.
What is profit?Profit is total revenue less total cost. Breakeven point is the number of units produced and sold at which net income would be zero. Above the breakeven point, there would be profit and below this point, there would be losses.
The contribution margin is the price per unit less the variable cost per unit. Contribution margin doesn't account for fixed cost which must be used to determine profit.
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The project justification includes the key assumptions for the project. Group of answer choices True False
The project justification including the key assumptions for the project is True.
What is a Project?A project can be defined as a piece of planned activity which is done over a period of time and serves a particular purpose.
For a project to be done, it is necessary to includes the key assumptions in order to ensure its successful execution.
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Livi owns and operates Livi's Love From Scratch cupcake bakery. Livi has 10 locations throughout her state. When Livi is producing a high level of output, her production area becomes quite crowded with workers. Sometimes the workers have to wait to use a mixer or oven. Further, Livi sometimes cannot keep track of which locations are serving which cupcake flavors on specific days. Livi's production process is most likely experiencingGroup of answer choicesdeclining total output.
Livi's production process is most likely experiencing diseconomies of scale.
What are diseconomies of scale?Diseconomies of scale occur when economies of scale are not functional for a firm.
The following factors can cause diseconomies of scale:
Communication barriersLack of motivationLack of coordinationLoss of focus by the management and employeesOperational bureaucracy.Thus, Livi's production process is most likely experiencing diseconomies of scale.
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Mel's Diner is a popular café that specializes in home-cooked meals, friendly service, and a menu that contains vegan and vegetarian dishes (menu items that no other restaurant in the area offers). Mel's Diner is engaging in strategic positioning by offering the unique menu items of vegan and vegetarian dishes.
i. True
ii. False
Answer:
true
Explanation:
Using a PDCA process to design a customer survey, while implementing a customer feedback and improvement process, is an example of:
Answer:
The critical path method
Explanation:
What will happen to profits and domestic prices when a quota is used to protect a domestic monopolist from international competition
What happens to profits and domestic prices when a quota is used to protect a domestic monopolist from international competition is C. Profits will fall and domestic prices will fall.
What is an import quota?An import quota is a trade restriction, limiting the quantity of a good that can be imported into a country in a period.
It creates undue advantages for domestic producers and discourages international competitiveness.
Answer Options:a. Prices will rise and outputs will fall.
b. Prices will rise and outputs will rise.
c. Profits will fall and domestic prices will fall.
d. Prices will fall and outputs will fall
Thus, a quota is used to protect a domestic monopolist from international competition is C. Profits will fall and domestic prices will fall.
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