Cathy Company manufactures and sells sweaters. Last year, Cathy operated at 100% of capacity and had the following cost formula for total manufacturing costs: Y = $50,000+ $500X Assuming no change in cost structure, what would Cathy's cost formula have been last year if they only operated at 95% of production capacity? a.Y = $50,000+ $400X
b.Y = $47,500+ $475X
c.Y = $50,000+ $475X d.Y = $50,000+ $500X e.Y =$47,500 + $500X
Answers
Therefore, the correct option is option c) Y = $50,000 + $475X.
The given cost formula is Y = $50,000 + $500X, where Y is the total manufacturing cost and X is the level of production.
If Cathy Company operated at 100% of capacity, then X = 1. Using this value in the given cost formula, we get:
Y = $50,000 + $500(1)
Y = $50,500
So, the total manufacturing cost for Cathy last year was $50,500.
If Cathy had operated at only 95% of capacity, then X = 0.95. To find the new cost formula, we need to calculate the new value of Y. We can use the following formula to do this:
Y2 = Y1 / X2
where Y1 is the total manufacturing cost at 100% capacity, X2 is the new level of production (in this case, 0.95), and Y2 is the new total manufacturing cost.
Substituting the values, we get:
Y2 = $50,500 / 0.95
Y2 = $53,158.22 (rounded to the nearest cent)
So, the new cost formula would be:
Y = $53,158.22 + ($500X × 0.95)
Y = $50,000 + $475X
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Related Questions
You decide to save 15% of your realized income. How much do you save per month?
Answers
A sensible savings target for many people is 15% of their yearly salary (including any employer contributions). One can achieve their objective of having one to one and a half times their wage saved for retirement by the age of 35 if they begin saving when they are 25 years old.
How much should I save per month?
50% of your net income should go towards living expenses and requirements, 20% should go towards paying down debt and saving money, and 30% should go towards discretionary spending (wants).
According to the "75/15/10 Rule," you should spend 75% of your income, invest 15%, and save 10%. Every time you are paid, this rule encourages you to priorities investment.
First and foremost, you must save money since it can protect you from a financial emergency. Saving money may also help you feel more financially independent, pay for large expenses, avoid debt, reduce financial stress, and leave a financial legacy.
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But how do leaders get employees to do their work?
Answers
Answer:
By being polite or paying them
Which is not a benefit of a checking account?
Answers
Answer:
no interest
Explanation:
A checking account is a type of account that enables comfortable deposits and withdrawal of money for regular trades.
It can include deposit and withdrawal of cash as well as cheque.
Getting no interest in a checking account is not a beneficial factor.
The benefits of the checking accounts are convenience, easy budgeting and safety.
As compared to the saving account having a proof of payment is the beneficial point of having checking account.
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Which offer would be better if you worked 45 hours per week, a $60,000 salary with no
overtime or $24.50 per hour with overtime?
$24.50 per hour or
$60,000 Salary
Answers
so salary wise, you’d want to take the $60,000 offer with no overtime.
Suppose that Florida Bank has recently granted a loan of $2 million to Oyster Farms at LIBOR plus 0. 5 percent for six months. In return for granting Oyster Farms an interest-rate cap of 6. 5 percent on its loan, this bank has received from this customer a floor rate on the loan of 5 percent. Suppose that, as the loan is about to start, LIBOR declines to 4. 25 percent and remains there for the duration of the loan. How much (in dollars) will Oyster Farms have to pay in total interest on this six-month loan with floor and without floor?How much in interest rebates will Oyster Farms have to pay due to the fall in LIBOR?
Answers
Oyster Farms will have to pay a total interest of $95,000 on the six-month loan without the floor rate, and $100,000 with the floor rate. They will receive an interest rebate of $5,000 due to the fall in LIBOR.
Without the floor rate, Oyster Farms would have to pay interest at a rate of LIBOR plus 0.5 percent, which equals
4.25% + 0.5% = 4.75%.
With a loan amount of $2 million, the total interest payment without the floor rate would be
$2,000,000 * 4.75% = $95,000.
With the floor rate of 5 percent, Oyster Farms would have to pay interest at a rate of 5 percent, regardless of the decline in LIBOR to 4.25 percent. Again, with a loan amount of $2 million, the total interest payment with the floor rate would be
$2,000,000 * 5% = $100,000.
Since LIBOR declined, Oyster Farms will receive an interest rebate due to the fall in LIBOR. The difference between the interest payment without the floor and the interest payment with the floor is
$100,000 - $95,000 = $5,000.
Therefore, Oyster Farms will receive an interest rebate of $5,000.
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For my personal finance class
Which of the following is an example of the paradox of value?
a. You might choose an inflatable raft over a luxury car if you are adrift at sea
b. You might choose a diamond over a bottle of water if you really love dressing up
c. You might choose a hamburger over a veggie burger at a fast-food restaurant
d. You might choose a pair of socks over a hat if you are feeling cold
Answers
Answer:
b because diamonds dressing up
Question 10 (5 points)
Two prescreening tools for job candidates are the resume and the
employment essay.
advertisement.
application.
letter of recommendation.
Answers
The correct answer is C. Application
Explanation:
When employers pre-screen job candidates they verify basic information about candidates such as background, education, skills, experience, etc. to determine if a candidate is suitable for a job and he/she should be interviewed or continue in the process of selection for the job.
In this context, the two main tools used by employers are the resume and the job application. These two documents provide information about the candidate's education, experience, skill, and similar but in the case of the application the information es concise and very specific, while resumes are more detailed and the candidate can include as much information as she/he wants. Thus, the two prescreening tools for job candidates are the resume and the application.
Answer: Application
Explanation: I just took the test
Hope this helps.
Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter:
a. Budgeted monthly absorption costing income statements for April–July are:
April May June July
Sales $ 680,000 $ 850,000 $ 560,000 $ 460,000
Cost of goods sold 476,000 595,000 392,000 322,000
Gross margin 204,000 255,000 168,000 138,000
Selling and administrative expenses:
Selling expense 86,000 105,000 67,000 46,000
Administrative expense* 48,000 64,800 41,600 44,000
Total selling and administrative expenses 134,000 169,800 108,600 90,000
Net operating income $ 70,000 $ 85,200 $ 59,400 $ 48,000
*Includes $28,000 of depreciation each month.
b. Sales are 20% for cash and 80% on account.
c.
Sales on account are collected over a three-month period with 10% collected in the month of sale; 70% collected in the first month following the month of sale; and the remaining 20% collected in the second month following the month of sale. February’s sales totaled $260,000, and March’s sales totaled $275,000.
d.
Inventory purchases are paid for within 15 days. Therefore, 50% of a month’s inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $124,600.
e.
Each month’s ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise inventory at March 31 is $95,200.
f. Dividends of $35,000 will be declared and paid in April.
g. Land costing $43,000 will be purchased for cash in May.
h.
The cash balance at March 31 is $57,000; the company must maintain a cash balance of atleast $40,000 at the end of each month.
i.
The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $200,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.
Answers
Garden Sales, Inc. is preparing a cash budget for the second quarter. The budgeted monthly absorption costing income statements are provided, along with additional information.
Sales are divided into cash sales and sales on account, with specific collection percentages over a three-month period. Inventory purchases are paid for within 15 days, and ending inventory must equal 20% of the cost of merchandise to be sold the following month. Dividends will be paid, land will be purchased, and a minimum cash balance must be maintained. The company has a loan agreement with a local bank for additional funds, with a maximum loan balance of $200,000 and a 1% monthly interest rate.
To prepare the cash budget, we need to consider various factors. First, we calculate the cash collections from sales, taking into account the collection percentages for cash sales and sales on account over a three-month period.
Next, we determine the cash payments for inventory purchases, considering that 50% is paid in the month of purchase and the remaining 50% is paid in the following month. We also factor in any additional cash payments such as dividends and the cash purchase of land.
We then calculate the ending cash balance for each month by considering the beginning cash balance, adding cash receipts, and subtracting cash payments.
If the ending cash balance falls below $40,000, the company will borrow funds from the bank to maintain the minimum required balance. We calculate the loan amount needed and the interest expense based on the loan balance.
Finally, we reconcile the cash budget by adjusting the loan repayments and interest payments at the end of the quarter.
By following these steps, Garden Sales, Inc. can estimate its cash needs and plan accordingly for the second quarter.
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What are four types of taxes that you pay (or are likely to pay in the future)? Describe these types of taxes
Answers
Four types of taxes that you can pay are the State Withholding Tax, a Federal Withholding Tax, a Property Tax, and a Sales Tax. Both withholding taxes are withheld from your paycheck going into state officials and federal officials. Property Taxes are charged against any personal property that you own, and Sales Tax is what you pay on any purchases that you buy, each price varying depending on what state or country you're in.
The State Withholding Tax, Federal Withholding Tax, Property Tax, and Sales Tax are the four sorts of taxes you can pay.
What is Property Tax?
A property tax, usually referred to as a millage rate, is levied by the majority of regional governments in the United States as their main revenue source. Either real estate or private possessions may be subject to this tax. The majority of property owners are required by law to pay real estate taxes in each of the 50 states of the United States, and state property taxes differ.
It's interesting to note that in the USA, property taxes are the main source of income for state and local governments. Property taxes are assessed based on the value of your home, and the average rate is now between 0.1% and 1.9%.
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What is the percentage of Internet searches conducted via mobile phones?
89%
77%
over 50%
under 40%
Answers
Answer:
Over 50%
Explanation:
Globally, 68.1% of all website visits in 2020 came from mobile devices—an increase from 63.3% in 2019
Direction: Write HURRAY to statements that expresses correct thought and HEPHEP if not.
1. Production record reflects the list of the different crops grown in the farm in a particular year.
2. The use of flyer for marketing fruits and seedlings is convenient and cheap.
3. Web marketing involves both advertising and marketing efforts through email to current and prospective customers.
4. Email marketing includes e-commerce, promotional or informative websites, and online advertising on search engines.
5. Online marketing is the process of selling products to the market.
6. Social media marketing involves both advertising and marketing efforts via social networking sites.
7. Fruits are ready for harvest at the right degree of maturity.
8. Calamansi is best to harvest from July to October.
9. Cash record is the value received from cash sales and cash payments in a certain period.
10. August to November is the best time of the year to harvest soursop or guyabano and lanzones.
Answers
Answer:
1.hephep
2.hephep
3.hurray
4.hephep
5.hurray
6.hurray
7.hurray
8.hephep
9.hephep
10.hurray
hope its help
#carry on learning
If a perfectly competitive firm shuts down for a holiday, it must still pay its: O variable cost. O marginal cost O total cost. O fixed costs.
Answers
A perfectly competitive firm that shuts down for a holiday must still pay its fixed costs.
In economics, a perfectly competitive firm is a theoretical model in which there are many small firms producing an identical product and no individual firm has market power to influence the price of the product.
In the short run, a perfectly competitive firm may choose to shut down if the price of the product falls below the minimum average variable cost, which is the cost of producing one more unit of output. However, even if the firm shuts down for a holiday, it still has to pay its fixed costs, which are the costs that do not vary with the level of output, such as rent, property taxes, and salaries of the management team.
These costs are incurred regardless of whether the firm is producing or not. Therefore, the correct answer is fixed costs. It is important to note that if the firm is shut down for a longer period of time, it may also incur additional costs, such as storage or maintenance costs, which are also considered fixed costs.
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help me please
A _____ is when the government may provide money to banks that are having troubke in order to help them recover.
A. rescue
B. bail-out
C. takeover
D. investment
Answers
Answer:
The correct answer is B. Bail-out.
Explanation:
the best policy concerning recordkeeping is to: group of answer choices retain all records for three years before discarding them require written responses instead of substituting checkmarks record only those details that cannot be committed to memory require only records that provide positive benefits to those involved in the sales process require records on all details and processes in order to maintain sales process discipline
Answers
The best policy concerning record keeping is to require records on all details and processes in order to maintain sales process discipline. This ensures accuracy, consistency, and compliance with any applicable regulations or company policies.
The best policy concerning record keeping is to require records on all details and processes in order to maintain sales process discipline. It is important to keep accurate and complete records in order to ensure transparency and accountability in the sales process. Retaining records for at least three years before discarding them is also recommended to comply with legal and regulatory requirements. Written responses should be encouraged instead of substituting checkmarks to ensure clarity and avoid misunderstandings. Additionally, records should provide positive benefits to all parties involved in the sales process, including customers and the sales team. By keeping comprehensive records, you can also identify areas for imp
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the call instruction pushes the offset of the instruction following the call on the stack.
Answers
The statement given in the question that “the call instruction pushes the offset of the instruction following the call on the stack” is true.
The call instruction is utilized in assembly language programming to call subroutines. It enables the processor to shift control to the subroutine while preserving the return address in the stack so that control can be handed back to the caller once the subroutine is executed. The use of a call instruction in a program automatically leads to the assembly of a return address on the stack.
Whenever the call instruction is executed, the following two actions occur:
It saves the return address, which is the location following the call instruction.
It transfers control to the subroutine or function. When the called subroutine is finished, a return instruction is utilized to go back to the saved return address to resume execution of the main program after the call instruction.
The following is an example of a call instruction and its effect on the stack:
Call 500H
Here, the call instruction will transfer control to the address location 500H, while saving the location following the call instruction, which is the location after 2 bytes, on the stack. Thus, the effect of the call instruction on the stack is to push the offset of the instruction that follows the call on the stack.
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Two benefits of self employment
Answers
Self-employment provides strong earning potential as people have more control over their own progression. Going hand-in-hand with the flexible lifestyle, individuals who work for themselves can go over and above to work long hours on some days, network, and reap the benefits of their hard work.
Which advantage of a sole proprietorship could also be a disadvantage?.
Answers
Answer:
Unlimited liability
Explanation:
Do you think that employers have a right to judge an applicant attitude when hiring? Give a reason for your answer
Answers
Hope this helps :)
Tran has a credit card with a spending limit of $2000 and an APR (annual percentage rate) of 12%. During the first month, Tran charged $450 and paid $150 of that in his billing cycle. Which expression will find the amount of interest Tran will be charged after the first month? (0. 01) (300 dollars) (0. 01) (450 dollars) (0. 12) (300 dollars) (0. 12) (450 dollars).
Answers
The expression that will find the amount of interest Tran will be charged after the first month is A. (0. 01) (300 dollars).
Data and Calculations:
Credit card spending limit = $2,000
Annual percentage rate (APR) = 12%
Monthly APR = 1% (12%/12) = 0.01
Amount charged on credit card =$450
Amount paid within the billing cycle = $150
Balance due on the credit card = $300 ($450 - $150)
Thus, Trans will be charged $3, which is expressed as A. (0. 01) (300 dollars).
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A chord of a circle is l cm long. The distance of the chord to the center of the circle is h cm and the radius of the circle is r cm. express r in terms of l and h
Answers
Answer:
http://www.mrbartonmaths.com/resources/GCSE%20Revision/GCSE%20Maths%20Takeaway/4.%20Grades%20B%20to%20A-star/107.pdf
Explanation:
THis is published by me....
i have a brainlest for anybody if the can tell me who won the wwe champoinship in 1996
Answers
Starch and cellulose _____.
(a) Are cis-trans isomers of each other
(b) Can be digested by humans
(c) Are polymers of glucose
(d) Are structural components of the plant cell wall
(e) Are used for energy storage in plants
Answers
Answer:
starch and cellulose are used for energy storage in plants
Explanation:
Option (c), Glucose polymers include starch and cellulose.
Do cellulose and starch contain glucose?All of the molecules in both starch and cellulose are repeating units of glucose since they are both homopolymers of glucose. The structure of the glucose molecules varies, however, depending on how they are connected. Two kinds of glucose polymers, amylose and amylopectin, are utilized to create starch.
Why are glucose polymers present in cellulose and starch, respectively?Starch and cellulose are two related polymers that are commonly found. In fact, they are both formed of the same monomer, glucose, and share the same replication units based on it. Only one difference exists. The glucose-repeat units of starch are all parallel to one another.
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how are you avalon23413?
Answers
Answer:
im great
Explanation:
I’m doing well !! I hope you’re are going good too
Explanation:
4/ "People 3. How can you are attracted to the poultry farming these days" Explain with practical examples.people are attracted to the poultry farming these days explain with particle example
Answers
we can attracted to the poultry farming these days by saying eveyone to involve in this work and be excited
Company Z understands that their business is at risk. How can they use step two in the
Decision Making Process to reach their end goal of increasing sales and customer satisfaction?
Answers
Company Z can use step two in the decision-making process to achieve its ultimate goal of increasing sales and customer satisfaction by gathering the relevant information about a decision.
Step two of the decision-making process corresponds to gathering relevant information after the decision has been identified. At this stage, internal and external work is necessary, analyzing the errors and successes related to a past decision.
Therefore, it is necessary for company Z to seek information from different sources, such as the results of previous decisions, studies, market research and consultancy, to ensure greater chances of a decision being effective.
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With what skills do you struggle the most? List two. For each one, explain a situation in which there was a negative outcome because you lacked these skills.
:) I will give the branliest!
Answers
Critical thinking- sometimes I make bad decisions, without a doubt.
Those are some examples
Brainly pls
What will be the end result for the taxpayer who filed his federal income tax
return using the 1040EZ form shown below?
Answers
Answer:
I got " He Will Owe $180
Explanation:
A P E X
Answer: he will owe 250
Explanation:
The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $200,000 per year for the next 10 years and an additional $1,000,000 at the end of the 10th year. The seller of the jet is charging 6% annual interest.
Answers
Answer:
Liability will be $2,030,412
Explanation:
We need to calculate the present value of future cash flows in order to determine the liability value.
Liability to be recored = PV of $200,000 payment for 10 years at 6% + PV of $1,000,000 at the end of year 10 at 6%
As we know the payment of $200,000 for 10 years is the annuity payment.
Liability to be recored = $200,000 x ( 1 - ( 1 + 6% )^-10 /6% + ( $1,000,000 x ( 1 + 6% )^-10
Liability to be recored = $1,472,017.41 + $558,394.78 = $2,030,412.18
Boudica (B) and Arthur (A) are both homo economicus engaging in exchange. Boudica's utility function is given by U^B = 1/2 ln x^B + 1/2 ln y^B
Arthur's utility function is given by U^A = 1/2 ln x^A + 1/2 ln y^A
They are working out an exchange of archers (x) and knights (y) for the defense of their respective realms. Initially, Boudica has 80 archers and 30 knights, while Arthur has 20 archers and 50 knights. Boudica - because of her legend as a powerful warrior-queen- has take-it-or-leave-it power with respect to Arthur (who although also legendary, made the fatal error of leaving his sword stuck in a stone). What is Arthur's participation constraint (or fallback personal utility) in this exchange? (Round up your answer to the third decimal number. For example, if you think the answer is 12.345678, write 12.346)
Answers
Arthur's participation constraint, or fallback personal utility, in the exchange is approximately 3.660.
In this scenario, Boudica has the power to dictate the terms of the exchange, leaving Arthur with the choice to either accept or reject the offer. To determine Arthur's participation constraint, we need to find the minimum level of utility he must receive to agree to the exchange.
Given Boudica's utility function U^B = 1/2 ln x^B + 1/2 ln y^B and the initial endowment of both parties (Boudica: 80 archers, 30 knights; Arthur: 20 archers, 50 knights), we can calculate Boudica's utility as U^B = 1/2 ln 80 + 1/2 ln 30.
Arthur's fallback personal utility is the minimum utility he needs to maintain in the exchange. To find this, we set Arthur's utility equal to Boudica's utility and solve for the unknown variables (x^A and y^A) using his initial endowment. By substituting the values, we get U^A = 1/2 ln 20 + 1/2 ln 50.
Simplifying both expressions, we find that ln 80 + ln 30 = ln 20 + ln 50. This equation can be solved, and the resulting value for U^A is approximately 3.660.
Therefore, Arthur's participation constraint, or fallback personal utility, in this exchange is approximately 3.660
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What are the six lessons in Rich Dad Poor Dad?
Answers
The six lessons in "Rich Dad Poor Dad" are:
1. The rich don't work for money, they make money work for them: This lesson teaches the importance of passive income and building assets that generate income.
2. Why financial literacy is important: This lesson emphasizes the importance of understanding money and finances in order to make informed decisions about money.
3. Mind your own business: This lesson teaches the importance of focusing on building your own wealth and not getting distracted by what others are doing.
4. Taxes and corporations: This lesson explains how taxes and corporations can be used to your advantage in building wealth.
5. The rich invent money: This lesson teaches the importance of being creative and thinking outside the box in order to generate income.
6. Work to learn, don't work for money: This lesson emphasizes the importance of gaining knowledge and skills that can help you build wealth, rather than just working for a paycheck.
These six lessons are the foundation of the book "Rich Dad Poor Dad" and are meant to teach readers how to think about money and finances in a way that can help them build wealth.
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