Some feedback we can provide you on the personal writing concerns clarity and precision, the structure of the essay and the elaboration of stages, as below:
Elaborate on the stages: While the writing briefly describes the three stages, it would be helpful to provide more details and examples to enhance understanding. Explaining each stage in more depth would give readers a clearer picture of what occurs during anticipatory socialization, encounter, and change and acquisition.Structure and organization: Each stage could have its own paragraph, allowing for a smoother flow of ideas and making it easier for readers to follow the narrative.Clarity and precision: Some sentences in the writing could be clarified to improve understanding. For example, in the second paragraph, the phrase "the establishment did not have a great process for training" could be expanded to explain what specific aspects of training were lacking or what difficulties the author faced due to inadequate training.Provide more insights from the textbook: The writing refers to the textbook "Stages of the Socialization Process" but does not explicitly discuss or analyze concepts or theories from the textbook. Adding specific references or incorporating relevant theories from the textbook would demonstrate a deeper understanding of the material and enhance the analysis of the author's personal experience.What is personal writing?Personal writing refers to the act of expressing one's thoughts, experiences, opinions, or emotions on a particular subject or topic. It is a form of writing that reflects the individual's unique perspective and personal voice. Personal writing can take various forms, such as journal entries, personal essays, memoirs, or reflective pieces.
In personal writing, the author often shares personal anecdotes, reflections, and insights to convey their own understanding or experiences related to the chosen topic. It allows the writer to connect with the reader on a more intimate level, sharing personal narratives and offering a glimpse into their thoughts and feelings.
For this essay, you can take the feedback given above into consideration to improve your personal writing. All feedback should be taken with a grain of salt, though. If you disagree with any of the suggestions made above, feel free to disconsider them.
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Which factor(s) of the general Environment have the most decisive impact on an organization? Why?
Economy and technological, sociocultural, and political/legal trends
The influence of given economy and technological factors may vary depending on the industry, location, and specific circumstances of each organization.
When it comes to the general environment, there are several factors that can have a decisive impact on an organization. However, among the ones you mentioned, the economy and technological factors tend to have the most significant impact.
The economy plays a crucial role in determining the overall business environment. Economic conditions, such as inflation rates, interest rates, and unemployment levels, can directly affect an organization's performance and profitability.
Technological advancements also have a decisive impact on organizations. As technology continues to evolve, organizations need to adapt and embrace new technologies to stay competitive. Technological factors can influence various aspects of an organization, such as production processes, communication methods, product development, and customer service.
While sociocultural and political/legal trends also play a role in shaping the business environment, the economy and technological factors often have a more direct and immediate impact on organizations
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Imagine we live in a world with two types of skill sets: people with high ability and people with low ability. A diploma will cost a high ability person about 8K and will cost a low ability person about 20K. Businesses use education as a screening tool and they intend to pay 25k to workers without a diploma and $X to those with a diploma. In what range must X be to make this an effective screening tool? Your answer will include a set of equations showing the dollar range for both low ability and high ability people.. Hint: solve problem 3 at the end of the chapter for some practice but first, make sure you review the concepts at L03 Education as a Filter (246-247)
To determine the range of X that would make education an effective screening tool, we need to consider the costs of obtaining a diploma for both high-ability and low-ability individuals, as well as the intended salaries for workers with and without a diploma.
Let's denote the intended salary for workers without a diploma as $25,000. Now, we'll calculate the range of X separately for high-ability and low-ability individuals.
For high-ability individuals:
The cost of obtaining a diploma is $8,000.
The intended salary for workers with a diploma is $X.
For education to be an effective screening tool for high-ability individuals, the benefit of obtaining a diploma should outweigh the cost. This means that the increase in salary obtained by having a diploma should be greater than the cost of obtaining the diploma. Therefore, for high-ability individuals, X must be greater than $33,000 to make education an effective screening tool.
For low-ability individuals:
The cost of obtaining a diploma is $20,000.
The intended salary for workers with a diploma is $X.
Similarly, for education to be an effective screening tool for low-ability individuals, the increase in salary obtained by having a diploma should be greater than the cost of obtaining the diploma.
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Once the affinity mapping exercise was complete, Imran looked at the totality of work. His team was responsible for multiple application modules: health information, finance, housekeeping, and human resources. Tracking all the user stories under a single project did not seem feasible, nor would it enable Imran to assess the performance of his team. Imran decided to use epics to represent each module for which his team was responsible. When he completed organizing the user stories into epics, Imran noticed some discrepancies with work distribution. He only had one resource assigned to the health information module, but the volume of work expected to be completed during the same period was more than that for Imran's other modules. Additionally, health information had a high number of medium to large stories. Imran questioned his vendor product owner. The product owner assured him that the work had been performed in previous projects at other organizations with the same work complement. Without his own empirical data, Imran decided to trust his product owner's input, but flagged it as a risk to his project sponsor. Once his team had completed a sprint, Imran would have more data to determine whether the resource risk was in fact an issue and would require corrective action.
Once affinity mapping was complete, what did Imran do to further categorize the user stories? What did this help him accomplish?
Imran categorized the user stories into epics representing each module, allowing him to assess work distribution and identify potential resource risks. This helped him gain a clearer overview and flag the risk to his project sponsor for further evaluation.
Imran further categorized the user stories into epics based on the modules his team was responsible for, which included health information, finance, housekeeping, and human resources. By organizing the user stories into epics, Imran gained a higher-level perspective of the work distribution across different modules.
This categorization helped Imran accomplish a few objectives. Firstly, it allowed him to assess the workload and volume of work expected for each module. In particular, Imran noticed a potential resource risk in the health information module, where he had only one resource assigned but a higher volume of work to be completed within the same timeframe compared to other modules.
Additionally, categorizing the user stories into epics helped Imran identify discrepancies or potential issues in terms of the size and complexity of the user stories within each module. He observed that the health information module had a high number of medium to large stories, which could impact resource allocation and project planning.
By categorizing the user stories into epics, Imran gained a better understanding of the workload distribution among modules and was able to flag the resource risk to his project sponsor. While he trusted the input from the vendor product owner, Imran recognized the importance of monitoring and collecting empirical data during sprints to validate the resource risk and determine if any corrective actions were necessary.
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Explain clearly and completely whether (a) cash flows of $100 in year 1, $300 in year 3, $500 in year 5 would have a higher NPV than (b) cash flows of $100 in year 1, $300 in year 3, $500 in year 15 and why this would be the case.
Therefore, cash flows of $100 in year 1, $300 in year 3, $500 in year 5 would have a higher NPV than cash flows of $100 in year 1, $300 in year 3, $500 in year 15 because the cash flows occur sooner and have a higher present value.
To determine whether cash flows of $100 in year 1, $300 in year 3, $500 in year 5 would have a higher net present value (NPV) than cash flows of $100 in year 1, $300 in year 3, $500 in year 15, the NPV of both scenarios should be calculated. Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over time. It is calculated by discounting all cash flows to their present value using the cost of capital.
In the first scenario, cash flows occur sooner, so they have a higher present value than in the second scenario where cash flows occur later. The discount rate can be assumed to be 10% for both scenarios. The NPV of cash flows of $100 in year 1, $300 in year 3, $500 in year 5 can be calculated as follows:
Year 1 = $100/(1+10%) = $90.91
Year 3 = $300/(1+10%)^3 = $226.76
Year 5 = $500/(1+10%)^5 = $340.54
NPV = $90.91 + $226.76 + $340.54 = $658.21
The NPV of cash flows of $100 in year 1, $300 in year 3, $500 in year 15 can be calculated as follows:
Year 1 = $100/(1+10%) = $90.91
Year 3 = $300/(1+10%)^3 = $226.76
Year 15 = $500/(1+10%)^15 = $76.88
NPV = $90.91 + $226.76 + $76.88 = $394.55
Therefore, cash flows of $100 in year 1, $300 in year 3, $500 in year 5 would have a higher NPV than cash flows of $100 in year 1, $300 in year 3, $500 in year 15 because the cash flows occur sooner and have a higher present value.
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Why competitors are more likely to respond to entrants in their
market with greatest sales.
Competitors are more likely to respond to entrants in their market with the greatest sales because of their capability to attract customers.
When new entrants come into an industry with new products or services, they may attract a significant amount of customers from the established competitors. In response to this, the competitors may have to lower their prices to attract customers back to their products/services or try to come up with a new marketing strategy to maintain their customer base.
The entrants may also develop partnerships with the customers' preferred suppliers to attract more customers. In this case, the established competitors may try to do the same thing to retain their customers. This often results in a price war, which may eventually lead to a decline in the profits of the established competitors.
As a result, competitors are more likely to respond to entrants with greater sales to retain their customer base and maintain their profitability.
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1. Your small home health care service company of about 50 workers has traditionally recruited employees using newspaper print advertisements. Applications have been decreasing from these ads, so you are looking for alternative ways to generate more applicant flow. The company president has requested that you, as HR manager, prepare an overview of how educational/academic and Internet recruiting efforts might improve the recruiting traffic. Present pros and cons of these new methods and compare them to newspaper recruiting.
b. As you recruit home heal care professional, identify the niche websites that you recommend be used for your Internet postings and the reasons for your recommendations. Identify possible educational/academic sources in your region.
a. To generate more applicant flow, your small home health care service company of about 50 workers can use educational/academic and Internet recruiting efforts. The pros and cons of these new methods are Pros of Educational/Academic Recruiting Efficient: When employers need graduates from specific academic fields, educational/academic recruiting can be an efficient approach.
b. The niche websites that can be used for Internet postings in recruiting home health care professionals are: Indeed, Glassdoor, LinkedIn, and Health eCareers. These niche websites are recommended because they are reputable and widely recognized job websites with a considerable number of healthcare professionals' profiles.
Health eCareers, for instance, concentrates on healthcare jobs, while indeed provides job seekers with the ability to see the highest-rated employers. LinkedIn is excellent for recruiting high-level healthcare management staff because they can examine applicants' resumes and career experiences. Moreover, educational/academic sources in the region are colleges and universities that offer healthcare and home care programs. These sources provide graduates and interns who are enthusiastic about healthcare professions, such as nursing, to be hired.
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Suppose consumption, investment, government, and net exports in the economy are expressed in the following equations:
C = 170 + 0.9 (Y)
I = 200
G = 30
X = 50
M = 60
Assuming the full-employment GDP level is at $4,100, this economy is experiencing a _____ GDP gap and that the government should ____ spending by ____.
1. cannot be computed based on information provided
2. recessionary ; increase ; $20
3. inflationary ; decrease ; $25
4. recessionary ; increase ; $25
5. inflationary ; decrease ; $20
The correct answer is:
2. recessionary ; increase ; $20
To determine the GDP gap, we need to compare the actual GDP (Y) with the full-employment GDP level. The full-employment GDP level is given as $4,100.
Given the consumption function
C = 170 + 0.9(Y), we can substitute Y with $4,100 and solve for C:
C = 170 + 0.9(4,100) = 170 + 3,690
= $3,860
To calculate the actual GDP, we add consumption (C), investment (I), government spending (G), and net exports (X - M):
Y = C + I + G + (X - M)
Y = $3,860 + $200 + $30 + ($50 - $60)
Y = $4,080
Comparing the actual GDP of $4,080 with the full-employment GDP of $4,100, we can see that there is a recessionary GDP gap.
To close the recessionary gap and stimulate the economy, the government should increase spending. The increase in spending should be $20 to bridge the gap between the actual GDP and full-employment GDP levels. Therefore, the correct answer is option 2: recessionary; increase; $20.
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The following trial balance is for A plc for the year ended 30/06/2020. £000 £000 350 £1 Ordinary share capital 10% Debentures 140 5% Bank loan (long term) 60 Share premium 20 50 Retained profits Premises at cost Equipment at cost Equipment-accumulated depreciation Vehicles at cost Vehicles-accumulated depreciation Sales Inventory 1 July 2019 Purchases Receivables Payables Rates Insurance General expenses Energy bills Audit fee Bad debt Directors' remuneration Debenture interest Interest on Bank loan Salaries and wages Cash Bank Interim ordinary dividend paid Totals 450 100 200 45 500 82 5333388 40 20 22 25 13 1 52 10 20 45 1000 62 3 150 3 10 21 1747 1747 Additional information as at 30/06/2020: • Inventory was valued at £50,000. Insurance prepaid £3,000. • Energy bills accrued £2,000. Audit fee accrued £2,000 Rates prepaid £4000 Debenture interest to be accrued The equipment to be depreciated by 25% on reducing balance The vehicles to be depreciated by 20% on straight line. • The directors wish to provide £22,000 for taxation. The directors propose a final ordinary dividend of 10p per share. [20 marks] [20 marks] Required: a) Income Statement for the year ended 30/06/2020. b) Statement of Financial Position as at 30/06/2020.
The final ordinary dividend of £0.10 per share will reduce retained profits by £100,000 (10p x 1,000,000 shares).
a) Income Statement for the year ended 30/06/2020:
£000
Sales 5333
Cost of sales (Opening inventory 1000 + Purchases 62 – Closing inventory 50) 1012
Gross profit 4321
Expenses:
Rates (prepaid 4 – accrued 2) 2
Insurance (prepaid 3) 0
General expenses 25
Energy bills (accrued 2) 0
Audit fee (accrued 2) 0
Bad debt 13
Depreciation - Equipment (20% of 350) 70
Depreciation - Vehicles (20% of 82) 16
Directors’ remuneration 45
Debenture interest (to be accrued) 10
Interest on bank loan 21
Profit before tax 4037
Taxation (22) 4015
Profit after tax 401
b) Statement of Financial Position as at 30/06/2020:
£000 £000
Non-current assets:
Premises at cost 500
Equipment at cost 350
Less: Accumulated depreciation (70)
Net equipment 280
Vehicles at cost 82
Less: Accumulated depreciation (16)
Net vehicles 66
846
Current assets:
Inventory 50
Receivables 20
Prepayments:
Insurance 3
Rates 2
Cash and bank 62
137
Current liabilities:
Payables (45)
Accruals:
Energy bills 2
Audit fee 2
Bank loan (long term) (140)
(181)
Net current assets (44)
Total assets less current liabilities 802
Financed by:
Share capital:
Ordinary share capital 350
Share premium 20
Retained profits 50
420
Non-current liabilities:
10% Debentures 100
Net assets 722
Note: The final ordinary dividend of £0.10 per share will reduce retained profits by £100,000 (10p x 1,000,000 shares).
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Change managers are most likely to avoid the situation of negative emotions and a loss of trust in management by _____ which involves self-evaluation to reduce the emergence of negative emotions and to identify corrective actions where necessary.
A) taking others' perspective into consideration
B) exhibiting threat-reducing behavior
C) using reflection
D) undergoing internal therapy
Change managers are most likely to avoid the situation of negative emotions and a loss of trust in management by using reflection.
Reflective work, which is a trauma-informed practise, aids in fostering an atmosphere that may be therapeutic for everyone, enabling staff members and families to move on with their lives. Regular reflective work fosters connection and trust, dismantling obstacles and reducing isolation to promote genuine growth and transformation.
Both the process through which a person develops trustworthiness and the process of determining the dependability of other people can be viewed as forms of trust management. In the context of trust management, both trust notions are regarded as being equally important. People are more willing to innovate and come up with innovative solutions when they feel free to communicate, share their ideas, and trust their superiors and employers.
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A loan of $2869 borrowed today is to be repaid in three equal installment due in one year, four years, and five years, respectively. what is the size of the equal installment of money is worth 4.6% compounded annually?
The size of the equal installment of money worth 4.6% compounded annually is $2410.91, The method of solving the problem involves finding the present value of the future cash flows and then dividing it by the annuity present value factor.
Use the following formulae to calculate the annuity present value factor and the present value.Annuity Present Value Factor: $PVIFA =\frac{(1- (1+r)^{-n})}{r}
$ Present Value: $PV = FV (1+ r)^{-n}
Where:PV = Present Value,
FV = Future Valuer = Rate of Interest, n = Number of years
The present value of the three installments is calculated using the formula, PV1 = 2869/(1+0.046)¹ PV2 = 2869/(1+0.046)⁴
PV3 = 2869/(1+0.046)⁵ , PV1 = 2735.98 ,PV2 = 2116.53 , PV3 = 1893.55
The annuity present value factor is calculated using the formula, PVIFA = $\frac{(1- (1+r)^{-n})}{r}
$PVIFA = $\frac{(1-(1+0.046)^{-3})}{0.046}
$PVIFA = 2.7593
Now that we have all the data we need, we can calculate the equal installment using the formula,
Equal Installment = Total Present Value / PVIFA
Equal Installment = (2735.98 + 2116.53 + 1893.55) / 2.7593
Equal Installment = 6650.06 / 2.7593
Equal Installment = 2410.91
Therefore, the size of the equal installment of money worth 4.6% compounded annually is $2410.91, approximated to the nearest cent.Answer: $2410.91
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The Principality Holiday Company provides adventure holidays to France and Spain. The expected cost data for 20x7 is: Number of holidays to be sold Variable cost per holiday Fixed costs 500 £498 £33,000 What is the margin percentage on sales for each holiday using marginal costing if the company wishes to make a net profit in 20X7 of £50,000? OA. 20% OB. 25% OC. 331% OD. 40% Hardeep plc ran an online poll on its website about the closure of a local children's play area and found that individuals with strong opinions were highly motivated to respond but those who were indifferent were less likely to respond. This is an example of which type of bias? O A. Observer OB. Survivorship OC. Self-selection OD. Confirmation
The margin percentage on sales for each holiday using marginal costing if the company wishes to make a net profit in 20X7 of £50,000 is 25%.Option B is correct.Hardeep plc ran an online poll on its website about the closure of a local children's play area and found that individuals with strong opinions were highly motivated to respond but those who were indifferent were less likely to respond. This is an example of self-selection bias.Option C is correct.
The margin percentage on sales for each holiday using marginal costing is 25%.Explanation:The formula for calculating the margin of safety in terms of percentage is as follows:Margin of Safety in terms of percentage = (Margin of Safety / Sales) * 100Variable costs per holiday for Principality Holiday Company = £498Fixed costs = £33,000Desired net profit = £50,000Total cost = (Variable cost per unit x Number of units sold) + Total fixed costsTotal cost = (498 × 500) + 33,000Total cost = £266,000Sales price = Total cost + Desired net profit / Number of units soldSales price = £266,000 + £50,000 / 500Sales price = £632Margin of Safety = Sales – Break-even SalesMargin of Safety = £632 - (£498 x 500)Margin of Safety = £67,000Margin of Safety in terms of percentage = (Margin of Safety / Sales) * 100Margin of Safety in terms of percentage = (£67,000 / £632) * 100Margin of Safety in terms of percentage = 10.6%.
Therefore, the margin percentage on sales for each holiday using marginal costing if the company wishes to make a net profit in 20X7 of £50,000 is 25%.Option B is correct.Hardeep plc ran an online poll on its website about the closure of a local children's play area and found that individuals with strong opinions were highly motivated to respond but those who were indifferent were less likely to respond. This is an example of self-selection bias.Option C is correct.
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In a values-driven culture,
a.
employees find alignment between their personal values
b.
the organization's values create a unified and motivated workforce.
c.
Management and leadership set examples for their organizations and live the values they preach
d.
a and b
e.
all of the above except d.
In a values-driven culture, all of the above except d will be applicable. So the correct option is E) all of the above except d
This is because a values-driven culture encompasses the alignment of the employee's personal values and the organization's values that create a motivated workforce. Management and leadership live the values they preach and set examples for their organizations.
The following are the detailed explanations of each of the options:.
Employees find alignment between their personal values Personal values of an employee can be described as the principles and convictions that an individual holds. The values are responsible for guiding the actions of an individual both in their personal and professional life. Employees are motivated to work for a company if their personal values align with the values of the company. The company values should match the employee's values to create a values-driven culture. The organization's values create a unified and motivated workforce.
The values of an organization should be aligned with the employees' values. This will enable the employees to be motivated and be more productive. The organization's values and the employees' values should be compatible to create a values-driven culture. Organizations can benefit from this kind of culture because it leads to a unified and motivated workforce. Management and leadership set examples for their organizations and live the values they preach Management and leadership play a significant role in shaping an organization's values-driven culture. They should be responsible for setting an example for their organizations.
Management should live the values they preach to motivate employees. This is because employees tend to look up to their leaders and follow in their footsteps. By creating a culture where management and leadership live the values they preach, employees are more motivated and productive.
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Peck Corporation is authorized to issue 20,000 shares of $50 par value, 10\% preferred stock and 125,000 shares of $5 par value common stock. On January 1, 2022, the ledger contained the following stockholders' equity balances. During 2022, the following transactions occurred. Feb. Issued 2,000 shares of preferred stock for land having a fair value of 1$120,000. Mar. Issued 1,000 shares of preferred stock for cash at $65 per share. July Issued 16,000 shares of common stock for cash at $7 per share. Sept. 1 Issued 400 shares of preferred stock for a patent. The asking price of the patent was $30,000. Market price for the preferred stock was $70 and the fair value for the patent was indeterminable. Dec. 1 Issued 8,000 shares of common stock for cash at $7.50 per share. Dec. 31 Net income for the year was $260,000. No dividends were declared. Instructions a. Journalize the transactions and the closing entry for net income. b. Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Use T-accounts.) c. Prepare a stockholders' equity section at December 31, 2022. d. Total stockholders' equity $2,570,000 Prepare stockholders' equity section.
The journal entries and closing entry are made to record transactions and close net income. T-Accounts show common and preferred stockholders' equity. Total stockholders' equity is $2,270,000.
a) Journalizing transactions and closing entry for net income:Journal entries:Feb:Land120,000Preferred stock120,000Mar:Cash65,000Preferred stock65,000July:Cash112,000For more questions on journal entries
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In the United States, incomes for workers in knowledge-based professions and occupations (professors, engineers, etc.) have generally been increasing while incomes for workers in blue collar jobs have been stagnating over the past 30 years. Does the Stolper-Samuelson and factor price equalization theorems provide any insights about why that might be the case?
The Stolper-Samuelson and factor price equalization theorems can provide insights into the increasing incomes for workers in knowledge-based professions compared to the stagnation in incomes for blue-collar jobs.
According to the Stolper-Samuelson theorem, when there is an increase in the relative price of a good, the returns to the factor of production used intensively in that industry will increase. In the case of knowledge-based professions, these occupations often rely heavily on human capital, specialized skills, and education. As the demand for these professions has grown over the past few decades due to technological advancements and globalization, the relative price of their services has increased. Consequently, the incomes of workers in these knowledge-based professions, who possess the specific skills and education required, have been rising.
On the other hand, blue-collar jobs often involve manual labor and routine tasks that can be more easily automated or outsourced. The factor price equalization theorem suggests that as trade and globalization occur, the returns to factors of production, such as labor, tend to equalize across countries. This means that the wages for blue-collar workers in developed countries like the United States may face downward pressure as these jobs can be outsourced to countries with lower labor costs.
Therefore, the Stolper-Samuelson theorem and factor price equalization theorem provide insights into the income trends observed in the United States. The increasing demand for knowledge-based professions and the relative decline in demand for blue-collar jobs due to automation and globalization have contributed to the divergence in income growth between these two groups of workers.
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Identify whether each scenario is an example of a marginal cost, marginal benefit, or neither. Answer Bank not marginal. marginal benefit. a marginal cost. So Smooth Coffee sells bags of coffee for $10. They sell one more bag of coffee and make an a marginal cost. additional $10. The $10 is The average cost for Interplanetary Space to fly a 100-seat spaceship between Mars and Amsterdam is $100 million. The $100 million is not marginal. Jonathan is the chef and owner at Jonathan's, whose best-selling specialty is gazpacho soup. Yesterday, he made $870 selling 29 gazpacho soup dishes at $30 each. Today, he made $1,410, selling 47 dishes of gazpacho soup, more than he made yesterday. The $1,410 is a marginal beneflit. Never Flat Soda produces cans of soda. Their cost to produce ecach additional unit decreases from $5.75 to $1.25 because their sugar supplier now gives them a bulk discount. The $1.25 is a marginal cost. Ava and her family are starting a business selling custom bike parts. To start the business, they must pay $5,000 in up-front costs to lease space and buy equipment. The $5,000 is not marginal. Amber owns a video game company. The company releases a new game called "Amphibian Correction." It is a hit, and it only cost $5 per copy to produce cach copy. The $5 is a marginal cost.
In the given scenarios, the following examples can be identified as marginal costs, marginal benefits, or neither: So Smooth Coffee's additional $10 revenue is a marginal benefit. Interplanetary Space's $100 million cost for flying a spaceship is not marginal. Jonathan's increase in revenue from selling gazpacho soup is a marginal benefit. Never Flat Soda's decrease in production cost to $1.25 is a marginal cost. Ava and her family's upfront cost of $5,000 is not marginal. Amber's production cost of $5 per copy of a video game is a marginal cost.
A marginal cost refers to the additional cost incurred by producing or consuming one more unit of a good or service, while a marginal benefit refers to the additional benefit gained from producing or consuming one more unit. In the given scenarios, So Smooth Coffee sells one more bag of coffee for $10, resulting in an additional $10 in revenue, which is a marginal benefit. However, Interplanetary Space's $100 million cost for flying a spaceship is not related to producing or consuming one more unit, so it is not a marginal cost.
In Jonathan's case, his revenue increased from $870 to $1,410 by selling more dishes of gazpacho soup. This increase in revenue is a marginal benefit as it represents the additional benefit gained from selling one more unit. Never Flat Soda's production cost decreased from $5.75 to $1.25 per unit due to a bulk discount. The $1.25 cost per unit is a marginal cost as it represents the additional cost of producing one more unit.
Ava and her family's upfront cost of $5,000 to start their business is not a marginal cost since it is a fixed cost incurred regardless of the number of units produced or sold. Similarly, Amber's production cost of $5 per copy of a video game is a marginal cost as it represents the additional cost of producing one more unit.
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At the beginning of the current period, Blossom Corp. had balances in Accounts Receivable of $278,000 and in Allowance for Doubtful Accounts of $10,000 (credit). During the period, it had net credit sales of $895,000 and collections of $850,250. It wrote off as uncollectible accounts receivable of $6,100. However, a $3,500 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,900 at the end of the period. (Omit cost of goods sold entries.) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable $ __
Ending balance in Allowance for Doubtful Accounts $ __
At the end of the period, Blossom Corp. would have an Accounts Receivable balance of $316,450 and an Allowance for Doubtful Accounts balance of $28,400.
Explanation:Net sales = $895,000Collections = $850,250Accounts Receivable (beginning balance) = $278,000Accounts written off = $6,100Recovered accounts = $3,500Allowance for Doubtful Accounts (beginning balance) = $10,000Uncollectible accounts estimated = $25,900The ending balance in Accounts Receivable would be:Beginning balance + Net sales - Collections - Accounts written off + Recovered accounts = $278,000 + $895,000 - $850,250 - $6,100 + $3,500 = $316,450The ending balance in Allowance for Doubtful Accounts would be:Beginning balance + Uncollectible accounts estimated - Accounts written off + Recovered accounts = $10,000 + $25,900 - $6,100 + $3,500 = $28,400.
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Is Business
Bluffing Ethical by carr
What conclusions can you draw from the article?
Albert Carr's HBR article is from 1968. If any, what concepts
remain in today's business world and what concepts no
For this assignment, you will utilize the Harvard Business Review article Is Business Bluffing Ethical by carr (see assigned reading).
• Prepare a 750-word paper that follows APA guidelines.
• Include your thoughts on the following questions within the body of your paper:
o What conclusions can you draw from the article?
o Albert Carr's HBR article is from 1968. If any, what concepts remain in today's business world and what concepts no longer apply?
The article "Is Business Bluffing Ethical?" by Albert Carr suggests that it is ethical for businesses to bluff or misrepresent information, provided that they stay within the legal limits and do not violate any laws. Carr believes that business is a game, similar to poker, and that the rules of this game are different from the rules of society.
Business leaders are expected to bluff, conceal, and misrepresent information in order to gain an advantage over their competitors. Carr argues that bluffing is not only ethical but also necessary for businesses to succeed. In today's business world, bluffing remains an important part of the game.
Many companies engage in marketing strategies that involve exaggerating the benefits of their products or services. Some companies use misleading advertising or false claims to gain an edge over their competitors. However, in today's business world, there is also a greater emphasis on transparency and ethical behavior.
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Question 3 The following information shows the activities of North Borneo Resources Bhd. Statement of financial position as at 31 Dec 2019 31 Dec 2018 RM RM RM RM Non-current assets 3,410,000 3,235,00
The given information presents the activities of North Borneo Resources Bhd, including their statement of financial position as at 31 Dec 2019 and 31 Dec 2018, showing the values of non-current assets.
The statement of financial position, also known as the balance sheet, provides a snapshot of a company's financial position at a specific point in time. In this case, we are given the statement of financial position for North Borneo Resources Bhd as at 31 Dec 2019 and 31 Dec 2018.
The information provided includes the values of non-current assets for both years. Non-current assets represent long-term assets that are not expected to be converted into cash within one year. These assets typically include property, plant, and equipment, investments, and intangible assets.
Comparing the values of non-current assets between 31 Dec 2019 and 31 Dec 2018 can provide insights into the company's asset growth or decline over the period.
An increase in non-current assets indicates that the company has invested in acquiring or expanding its long-term assets, which can contribute to future growth and profitability.
On the other hand, a decrease in non-current assets may suggest that the company has sold or disposed of some of its long-term assets.
Analyzing the statement of financial position and tracking changes in non-current assets can help stakeholders assess the financial health, growth potential, and investment strategies of North Borneo Resources Bhd.
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How the Costco uses the communication system for the overall
growth and development. explain in 500-700 words
Costco's efficient communication system promotes coordination, employee engagement, supply chain management, and customer satisfaction, driving overall growth and development.
Costco utilizes an efficient communication system to foster its overall growth and development. Firstly, effective communication channels enable seamless coordination among different departments and branches, facilitating smooth operations and minimizing delays. This ensures timely distribution of products, improves customer service, and enhances overall productivity. Secondly, clear and consistent communication between management and employees promotes a positive work culture and increases employee engagement. Regular feedback and open lines of communication enable employees to share ideas, concerns, and suggestions, leading to innovation and continuous improvement.
Additionally, effective communication with suppliers and partners ensures efficient supply chain management, allowing Costco to maintain competitive pricing and high-quality products. Lastly, robust communication strategies, including advertising, marketing campaigns, and customer feedback channels, enable Costco to understand customer needs, tailor offerings, and build long-term customer loyalty. Overall, Costco's effective communication system serves as a catalyst for its growth, development, and customer-centric approach.
Therefore, Costco's efficient communication system promotes coordination, employee engagement, supply chain management, and customer satisfaction, driving overall growth and development.
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Explain the ethical challenges that are faced by
multinational corporations (MNCs) operating in the global
environment and discuss strategies for improving global business
ethics. ( 50 Marks)
Multinational corporations (MNCs) are vulnerable to ethical challenges when they operate in a global environment. Ethical issues emerge because MNCs function in a broad range of geographical, economic, cultural, legal, and political contexts. In a global environment, MNCs' ethical behaviour is critical for maintaining their credibility, performance, and legitimacy. Ethical challenges that are faced by MNCs operating in the global environment are as follows:
Environmental pollution: Multinational corporations (MNCs) face environmental challenges because they operate in several countries with different environmental regulations. They are responsible for maintaining a balance between industrial development and environmental preservation. MNCs should take the initiative to conserve the environment by promoting green energy and reducing waste and pollution.Bribery and corruption: Bribery and corruption are major ethical concerns for multinational corporations. MNCs may encounter corruption because of the political and economic conditions in the countries where they operate. Multinational corporations can follow a strict ethical code of conduct to prevent unethical business activities and ensure transparency among their staff and business partners.Human rights violation: MNCs are held accountable for protecting human rights in the countries where they operate. They may encounter issues related to child labour, employee rights, and social welfare. MNCs must adopt strict human rights policies to avoid human rights violations and ensure employee welfare.Strategies for improving global business ethics are as follows:Implementing ethical codes: MNCs should develop ethical codes of conduct that emphasize fair business practices, social responsibility, environmental protection, and corporate governance. It helps establish a sense of accountability among employees, stakeholders, and business partners.Employee training: Multinational corporations (MNCs) must provide adequate training to their employees, particularly those who work in countries where ethical challenges are most prevalent. Training helps employees become more conscious of ethical issues and assists them in making ethical choices.Collaboration with other companies and NGOs: Multinational corporations (MNCs) can work together with other corporations and non-governmental organizations to promote ethical business practices, environmental conservation, and human rights. Collaborating with other entities will help MNCs develop more efficient and sustainable ethical strategies.Conclusion:Therefore, MNCs must recognize the ethical challenges of operating in a global environment and take steps to reduce these challenges. They can follow ethical codes, provide employee training, and collaborate with other corporations and non-governmental organizations to promote ethical business practices, environmental conservation, and human rights.
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Sheffield Company purchased a delivery truck for $27,000 on January 1, 2022. The truck has an expected salvage value of $1,560, and is expected to be driven 106,000 miles over its estimated useful life of 10 years. Actual miles driven were 15,600 in 2022 and 10,000 in 2023. Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to 0 decimal places, e.g. 2,125.) Depreciation Expense 2022 2023 (1) Straight-line method 27000 (2) Units-of-activity method (3) Declining-balance method A (b1) Assume that Sheffield uses the straight-line method. Prepare the journal entry to record 2022 depreciation. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense No Entry Assume that Sheffield uses the straight-line method. Show how the truck would be reported in the December 31, 2022, balance sheet. SHEFFIELD COMPANY Partial Balance Sheet 27000 Less Y December 31, 2022 10
The truck would be reported on the December 31, 2022, balance sheet as follows:
SHEFFIELD COMPANY
Partial Balance SheetDecember 31, 2022Truck $27,000Less: Accumulated Depreciation $2,544Net Truck Value $24,456To calculate the depreciation expense for 2022 and 2023 using different depreciation methods, we'll go through each method one by one.
Straight-line method:
Depreciation expense is calculated by subtracting the salvage value from the initial cost and dividing it by the useful life.
Depreciation expense per year = (Cost - Salvage value) / Useful life
Depreciation expense 2022 = ($27,000 - $1,560) / 10
Depreciation expense 2022 = $2,544
Depreciation expense 2023 will be the same as in 2022 since it's a straight-line method and the annual expense remains constant.
Depreciation expense 2023 = $2,544
Units-of-activity method:
Depreciation expense is calculated based on the miles driven each year relative to the total expected miles over the useful life.
Depreciation cost per mile = (Cost - Salvage value) / Total expected miles
Depreciation expense 2022 = Depreciation cost per mile * Miles driven in 2022
Depreciation expense 2022 = ($27,000 - $1,560) / 106,000 * 15,600
Depreciation expense 2022 ≈ $228.11
Depreciation expense 2023 = Depreciation cost per mile * Miles driven in 2023
Depreciation expense 2023 = ($27,000 - $1,560) / 106,000 * 10,000
Depreciation expense 2023 ≈ $143.40
Double-declining-balance method:
Depreciation expense is calculated by applying a fixed rate (twice the straight-line rate) to the net book value of the asset.
Depreciation rate = 2 / Useful life
Depreciation expense 2022 = Depreciation rate * Net book value at the beginning of the year
Net book value at the beginning of 2022 = Cost - Accumulated depreciation 2021
Depreciation expense 2022 = Depreciation rate * (Cost - Accumulated depreciation 2021)
Depreciation expense 2022 = (2 / 10) * ($27,000 - $2,544)
Depreciation expense 2022 ≈ $4,131.84
Depreciation expense 2023 = Depreciation rate * Net book value at the beginning of 2023
Net book value at the beginning of 2023 = Cost - Accumulated depreciation 2022
Depreciation expense 2023 = Depreciation rate * (Cost - Accumulated depreciation 2022)
Depreciation expense 2023 = (2 / 10) * ($27,000 - $6,675.84)
Depreciation expense 2023 ≈ $3,266.03
Now, let's prepare the journal entry to record the 2022 depreciation expense using the straight-line method:
Account Titles and Explanation Debit Credit
Depreciation Expense $2,544
Accumulated Depreciation $2,544
The truck would be reported on the December 31, 2022, balance sheet as follows:
SHEFFIELD COMPANY
Partial Balance Sheet
December 31, 2022
Truck $27,000
Less: Accumulated Depreciation $2,544
Net Truck Value $24,456
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Mortgage calculations (show all your work). a. If you want to buy a home for $300,000, make a down payment of $50,000 and take out a mortgage on the rest of the money at 6.25% compounded monthly, what will be your monthly payment to retire the mortgage in 15 years? b. Consider the 60" payment. How much will the interest and principal payments be?
To calculate the monthly mortgage payment, we can use the formula for a fixed-rate mortgage: Using a calculator or spreadsheet, the monthly payment comes out to be approximately $2,142.74.
Calculation for Interest and Principal Payments Since we know the monthly payment, we can calculate the interest and principal portions for each payment.
First, calculate the monthly payment for the first payment:
Interest Payment = Principal balance * Monthly interest rate
Interest Payment = $250,000 * 0.00520833
Then, subtract the interest payment from the monthly payment to find the principal payment:
Principal Payment = Monthly payment - Interest payment
Repeat these calculations for each payment to determine the interest and principal payments throughout the mortgage term.
Note: The interest and principal payments will vary for each payment because the principal balance reduces over time as the mortgage is paid off.
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Discuss the impact of the change on the overall performance of the Airport?
no copy please, this is Organisation Design & Development. any copied answer or handwriting will be reported and refund question. only write your own effort and words.
The impact of a change on the overall performance of an airport can vary depending on the nature of the change. However, I will provide you with a general overview of the potential impacts.
1. Efficiency:
A change in the organization or development of an airport can aim to improve efficiency in various areas. For example, implementing automated check-in systems or optimizing baggage handling processes can reduce waiting times and increase overall operational efficiency.
2. Customer satisfaction:
Changes that enhance the overall airport experience for passengers can positively impact customer satisfaction. This can include improvements in facilities, services, and customer service. For instance, providing comfortable seating areas, high-speed Wi-Fi, and clear signage can improve the overall passenger experience.
3. Safety and security:
Any changes made to an airport's organization and development should prioritize safety and security. Implementing advanced security measures, such as enhanced screening procedures or surveillance systems, can help maintain a safe environment for passengers and staff.
4. Capacity and scalability:
Changes in the organization and development of an airport can address the capacity and scalability needs of the facility. For example, expanding runways, adding new gates, or increasing terminal space can accommodate more flights and passengers, thereby improving the overall performance and reducing congestion.
5. Economic impact:
Changes in the organization and development of an airport can have a significant economic impact on the surrounding area. A well-run airport can attract more airlines, increase tourism, and stimulate
It's important to note that the specific impact of a change on the overall performance of an airport would depend on the details and context of the change being implemented. For a more comprehensive analysis, it would be beneficial to consider specific examples and case studies within the field of Organisation Design & Development
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If we increase the interest rate, the present value of an investment decreases. True False
This statement "If we increase the interest rate, the present value of an investment decreases" is true.
It is true that if the interest rate is increased, the present value of an investment decreases. When it comes to evaluating an investment, one of the most critical concepts is present value. The present value of an investment represents the worth of the investment in the present day, which may be more or less than the original investment amount.
The concept of present value is influenced by a number of variables, including the investment's size, time horizon, and interest rate. The present value of an investment is reduced as the interest rate increases. Conversely, if the interest rate decreases, the present value of an investment rises. In this scenario, the future value of an investment would grow at a slower rate due to lower interest rates, resulting in a lower present value. Similarly, if the interest rate rises, the present value of an investment declines because the future value of an investment grows at a quicker rate, resulting in a higher present value.
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When businesses seek to eliminate excess inventory by holding only the materials necessary for immediate production, we call this: Select one: OA Outsourcing OB Just-in-Time (IT) OC Stand Alone Automation OD. Just-in-Case Inventories
Just-in-Time (JIT) inventory management is a strategy that businesses use to reduce excess inventory and improve efficiency in the production process.
The basic idea behind JIT is to minimize inventory levels by only holding enough materials for immediate production needs. This approach can help to reduce waste and lower costs associated with storage, handling, and disposal of excess inventory.
With JIT, suppliers are expected to deliver the necessary raw materials and components to the production line just as they are needed. This requires close coordination between suppliers and manufacturers to ensure that there are no delays or disruptions in the supply chain. By receiving materials on a just-in-time basis, businesses can free up valuable space and resources to focus on other aspects of their operations.
One of the key benefits of JIT inventory management is that it can help to improve quality control. By reducing the amount of inventory on hand, businesses can more easily spot and address quality issues before they become widespread. Additionally, the reduced inventory levels can help to limit the amount of obsolete or expired stock, which can further improve efficiency and profitability.
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Net income $2,530.000 Preferred stock: 47,000 shares outstandi Common stock: Shares outstanding 1/1 4,700,000 Issued for cash, 5/1 777,600 Acquired treasury stock for cash, 8/1 308.400 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg. \$2.55.) Earnings pershare $
To compute earnings per share, we need to consider the weighted average number of common shares outstanding.
1. Calculate the weighted average number of common shares:
Shares outstanding on 1/1: 4,700,000
Shares issued for cash on 5/1: 777,600
Shares acquired as treasury stock on 8/1: 308,400
Shares after the 2-for-1 stock split on 10/1: 9,400,000 (4,700,000 * 2)
Weighted Average Shares = (Shares outstanding on 1/1 + Shares issued for cash * Fraction of the year they were outstanding + Shares acquired as treasury stock * Fraction of the year they were outstanding) / Total number of periods
Weighted Average Shares = (4,700,000 + 777,600 * 8/12 + 308,400 * 3/12) / 12 = 5,288,400
2. Calculate earnings per share:
Earnings per Share = Net Income / Weighted Average Shares
Earnings per Share = $2,530,000 / 5,288,400
Earnings per Share ≈ $0.48
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To compute earnings per share, we need to consider the weighted average number of common shares outstanding.
1. Calculate the weighted average number of common shares:
Shares outstanding on 1/1: 4,700,000
Shares issued for cash on 5/1: 777,600
Shares acquired as treasury stock on 8/1: 308,400
Shares after the 2-for-1 stock split on 10/1: 9,400,000 (4,700,000 * 2)
Weighted Average Shares = (Shares outstanding on 1/1 + Shares issued for cash * Fraction of the year they were outstanding + Shares acquired as treasury stock * Fraction of the year they were outstanding) / Total number of periods
Weighted Average Shares = (4,700,000 + 777,600 * 8/12 + 308,400 * 3/12) / 12 = 5,288,400
2. Calculate earnings per share:
Earnings per Share = Net Income / Weighted Average Shares
Earnings per Share = $2,530,000 / 5,288,400
Earnings per Share ≈ $0.48
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List & discuss at least 3 different sport promotions currently taking place in the sport business realm. You may need to reference team websites, advertisements, and articles as necessary. For each promotion mentioned, consider the following:
1. What does the promotion entail?
2. Who is the target audience?
3. What is the objective?
4. Will it be a successful?
There are several sports promotions that are currently taking place in the sports business realm. Here are three examples of different sport promotions and their objectives:
1. Cleveland Cavaliers- Fan appreciation night:
1. The promotion entails celebrating the fan appreciation night.
2. The target audience is the Cleveland Cavaliers fans.
3. The objective is to show gratitude to the fans for their support of the Cleveland Cavaliers.
4. It will be successful because the Cleveland Cavaliers fans are dedicated and would love to see the team show appreciation for them
2. Major League Baseball- Players Weekend:
1. The promotion entails the league allowing players to wear their nicknames on their jerseys and use custom equipment to celebrate their unique personalities.
2. The target audience is baseball fans.
3. The objective is to give players the opportunity to showcase their unique personalities to their fans
.4. It will be successful because the fans have the chance to learn more about the players’ personalities and, in turn, feel closer to the players and the sport.
3. McDonald’s – McDonald’s All American Games:
1. The promotion entails showcasing the country's best high school basketball players.
2. The target audience is basketball fans.
3. The objective is to bring attention to the best high school basketball players in the country and their talents.
4. It will be successful because fans will be interested to see the best high school basketball players in the country compete against each other.
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Phantom ordering is best described as O irresponsible ordering on the part of downstream buyers. O orders that are intended to be used for diversion. O current orders that are likely to be canceled at some future date. O orders submitted electronically.
Previous question
Phantom ordering is best described as current orders that are likely to be canceled at some future date. It is important for businesses to maintain transparency and integrity in their ordering processes to foster healthy relationships with suppliers and promote fair and ethical business practices.
Phantom ordering refers to the practice of placing orders for goods or services with the intention of canceling them at a later time. It is a deceptive practice where the buyer creates an illusion of demand or need for the products or services. These orders are not genuine and are placed with the intention to mislead or manipulate the supplier or market.
Phantom ordering is an unethical practice that can disrupt supply chains, create false demand signals, and cause financial losses for suppliers. It is important for businesses to maintain transparency and integrity in their ordering processes to foster healthy relationships with suppliers and promote fair and ethical business practices.
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a) Kofi want to invest GHC100.00 now and expect to generate returns of GHC150.00 after 10 years. At what interest rate should he invest?
b) Assume Kofi want to investment GHC100 now at the rate of 4.14% to enable him go on holiday in the Caribbean. How long, should he invest?
c) Explain why an annuity due has a higher present value than an ordinary annuity.
Kofi needs to invest at a 4.14% interest rate for one period to reach his desired future value. Kofi should invest for approximately 1 period or 1-time unit. An annuity due has a higher present value than an ordinary annuity due to the timing of cash flows.
a) To calculate the interest rate, we can use the formula for compound interest:
Future Value = Present Value * (1 + Interest Rate)^Number of Periods
We know that Kofi wants to invest GHC100.00 now and expects to generate returns of GHC150.00 after 10 years, we can substitute the values into the formula:
GHC150.00 = GHC100.00 * (1 + Interest Rate)¹⁰
Dividing both sides by GHC100.00 and taking the 10th root, we get:
(1 + Interest Rate) = (GHC150.00 / GHC100.00)[tex]^{(1/10)}[/tex]
Simplifying further, we have:
1 + Interest Rate = 1.5[tex]^{(1/10)}[/tex]
Subtracting 1 from both sides:
Interest Rate = 1.5[tex]^{(1/10)}[/tex] - 1
Calculating this expression, we find that the interest rate Kofi should invest at is approximately 4.14%.
b) To calculate the time needed to reach a certain future value, we can use the formula for compound interest:
Future Value = Present Value * (1 + Interest Rate)^Number of Periods
We know that Kofi wants to invest GHC100 now at a rate of 4.14%, we can rearrange the formula to solve for the number of periods:
Number of Periods = log(Future Value / Present Value) / log(1 + Interest Rate)
Plugging in the values, we have:
Number of Periods = log(1.0414) / log(1.0414)
Calculating this expression, we find that Kofi should invest for approximately 1 period or 1-time unit.
c) An annuity due has a higher present value than an ordinary annuity because the cash flows in an annuity due are received at the beginning of each period, while the cash flows in an ordinary annuity are received at the end of each period.
By receiving the cash flows earlier in an annuity due, there is more time for the funds to earn interest or be invested elsewhere. The present value of a cash flow is determined by discounting it back to the present using an appropriate interest rate.
Since the cash flows in an annuity due occur one period earlier compared to an ordinary annuity, they are discounted for one less period. This shorter discounting period results in a higher present value for the annuity due.
In conclusion, Kofi should invest at an interest rate of approximately 4.14% to reach his desired future value. If he invests GHC100 at this rate, he should invest for approximately 1 period. Additionally, an annuity due has a higher present value than an ordinary annuity due to the timing of cash flows, with annuity-due payments received at the beginning of each period.
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Sunn Company manufactures a single product that sells for $100 per unit and whose variable costs are $76 per unit. The company's annual fixed costs are $338,400 ) Prepare a contribution margin income statement at the break-even point. 12) of the company's fixed costs increase by $126,000, what amount of sales (in dollars) is needed to break even? 8 points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Prepare a contribution margin income statement at the break-even point SUNN COMPANY Contribution Margin Income Statement at Break-Even) Amount Percentage References of sales Required 2 > 6 Sunn Company manufactures a single product that sells for $100 per unit and whose variable costs are $76 per unit. The company's annual fixed costs are $338,400 (1) Prepare a contribution margin income statement at the break even point 2) If the company's fixed costs increase by $126,000, what amount of sales in dollars) is needed to break even? int Complete this question by entering your answers in the tabs below. Required 1 Required 2 Hint If the company's fixed costs increase by $126,000, what amount of sales (in dollars) is needed to break even? eferences Break-Even Point in Dollars Denominator: Numerator: Break-Even Point in Dollars Break-even point in dollars 1 Required 1
If the company's fixed costs increase by $126,000, they would need to achieve sales of $1,935,000 to break even.
To prepare a contribution margin income statement at the break-even point, we need to calculate the break-even sales quantity first. The break-even point occurs when total sales revenue equals total variable costs plus total fixed costs.
Given information:
Selling price per unit = $100
Variable cost per unit = $76
Fixed costs = $338,400
1. Calculating the break-even sales quantity:
Break-even sales quantity = Fixed costs / Contribution margin per unit
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = $100 - $76 = $24
Break-even sales quantity = $338,400 / $24 = 14,100 units
2. Prepare a contribution margin income statement at the break-even point:
Sunn Company
Contribution Margin Income Statement (at Break-Even Point)
Sales revenue: 14,100 units x $100 per unit = $1,410,000
Variable costs: 14,100 units x $76 per unit = $1,071,600
Contribution margin: $1,410,000 - $1,071,600 = $338,400
Fixed costs: $338,400
Net Income: $0 (Break-even point)
Next, to calculate the amount of sales (in dollars) needed to break even when fixed costs increase by $126,000:
New fixed costs = $338,400 + $126,000 = $464,400
Using the formula for break-even sales quantity:
Break-even sales quantity = New fixed costs / Contribution margin per unit
Break-even sales quantity = $464,400 / $24 = 19,350 units
Amount of sales needed to break even = 19,350 units x $100 per unit = $1,935,000
Therefore, if the company's fixed costs increase by $126,000, they would need to achieve sales of $1,935,000 to break even.
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