First, briefly describe a disciplinary problem in your workplace (e.g. poor attendance, low performance, insubordination, etc.). If you do not have an actual example, create a hypothetical yet realistic scenario for the purpose of this forum. Provide a sufficient amount of detail so that the circumstances/context are communicated (do not, however, provide names of employees if you are sharing an actual example from your workplace)
Answers
Answer:
Explanation:
The question didn't say what should be done after creating the hypothetical scenario of a disciplinary problem in the workplace.
I will herefore give examples of disciplinary problems in a work environment:
1. Poor Attendance
This is a situation whereby employees or workers skip work days. Where they are supposed to be at work 5 days in a week but instead go for 3 or 4 days, is a big challenge to pay attention to.
2. Lateness
This occurs when workers arrive after the stipulated time that they should be at work. This means that they delay the company's day job and backlogs pile up.
3. Low performance
This is the situation whereby employees do not meet the required quantity or quality of work to be done.
4. Carelessness
This is another problem that would require discipline at a place of work. Loss of items and important files could cost the firm greatly. A little item lost could imply a big contract lost.
5. Insubordination
This is the refusal of some members of staff to obey laid out rules and regulations by their superiors or by the company's staff policy. Insubordination will prevent the smooth flow of work because when junior oppose the instructions of their superiors, work is paused and may eventually never be done.
Related Questions
Procedurally a customer in any bank is required to get registered to a bank system
whenever new application from the customer side is made. Such a registration would
allow the customer to get service whenever the need arises. Abebe is customer of
Bank X and it has been more than 6 months since Abebe has been registered, when
he went to the one of the branches of Bank X after 6 months, the teller told Abebe
that he needs to get registered to the system so that he could get the required
service. However, further investigation of the problem revealed that Abebe is a
registered customer of the bank but when data was captured, data about Abebe
personal information was entered in a wrong manner. That’s why the Teller failed to
provide the service. Based on the narration which specific information characteristics
did suffer?
Answers
The specific information characteristic that suffered in the given scenario is accuracy.
Whenever a customer applies to open an account with a bank, they are required to register with the bank's system. This registration allows them to access the required services whenever the need arises. However, in Abebe's case, the customer had been registered but was unable to get the required service because of an error in data entry recording his personal information. As a result, the teller was unable to verify Abebe's account even though the customer was registered with the bank. This error in data entry illustrates that accuracy suffered in this scenario. This shows the importance of accurate data entry, especially in the banking sector where mistakes could lead to customer dissatisfaction and loss of trust.
Learn more about accuracy here:
https://brainly.com/question/32340427
Question 7/11 Which Payroll Taxes Are Paid By Employers And Have NO Employee-Paid Portion? Select All That Apply.
Answers
FUTA or Federan Unemployment Tax is the only payroll tax that is paid by employer only and has no employee-paid proportion.
Payroll taxes are consisted of various kind of taxes. There are:
Income taxes are all paid by the employees. No employers are responsible to pay income taxes for their employees.
Social security tax is paid by both employer and employee with equal proportion. Both employee and employers paid 6.2% social security tax for each employee's wages. If an employee earns above the SS tax limit, which in 2022 is $147,000, an employee is no longer subjected to pay the 6.2% social security tax rate.
Medicare tax is another shared tax between the employers and employees. The medicare tax is 1.45% of each employee's wages. Both employees and employers have the same proportion. In medicare tax, there is no wage lilmit.
Unemployment taxes are divided into 2 kinds of taxes, Federal unemployment tax or FUTA and State unemployment tax or SUTA. FUTA is paid by employers only. The employeesdo not withhold any portion of FUTA. FUTA tax rate will be depended on the employee's state. SUTA is mostly paid by employers only. Employees are also responsible for SUTA in Alaska, New Jersey, and Pennsylvania.
Learn more about Payroll Taxes here: https://brainly.com/question/28427084
#SPJ4
Complete Question:
Which payroll taxes are paid by employers and have NO employee-paid proportion? Select all that apply.
Federal income taxFederal unemployment taxMedicare taxState income taxSocial security taxA free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
Answers
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
For more such questions on entrepreneur
https://brainly.com/question/29733441
#SPJ8
Which of the following is true?
A. None of the above is true.
B. Free trade areas and customs unions do not conflict with either the most- favoured-nation or national treatment principles of the GATT. C .Free trade areas and customs unions are a violation of the most-favoured-nation principle, but were permitted by the contracting parties to the GATT so long as they created trade.
D. Free trade areas and customs unions are a violation of the national treatment principle, but were permitted by the contracting parties to the GATT so long as they created trade.
Answers
Answer:
C.
Explanation:
In the context of the General Agreement on Tariffs and Trade (GATT), free trade areas and customs unions were seen as exceptions to the most-favored-nation (MFN) principle, which states that countries should not discriminate between their trading partners. Free trade areas and customs unions involve preferential treatment among member countries, which goes against the MFN principle.
However, the contracting parties to the GATT allowed for the creation of free trade areas and customs unions as long as they promoted trade and economic integration among member countries. These exceptions were made in recognition of the potential benefits that such arrangements could bring.
Therefore, option C accurately describes the stance on free trade areas and customs unions in relation to the GATT.
Which of the following is a wise practice for making important purchases?
A. Skim return policies and warranties
B. Trust customer claims from the manufacturer
C. Ignore professional reviews
D. Be wary of customer testimonials
SUBMIT
Answers
Based on the question above, the correct answer is D
Be wary of customer testimonials SUBMITConsumer testimonialsThis is the reports from customers which will confirm the positivity or negativity of the product based on their experiences on the product.Therefore, the correct answer is D Be wary of customer testimonials SUBMIT
Learn more on consumer testimonials here: https://brainly.com/question/24395828
Answer:D
Explanation: it’s right
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
The total gross margin for the month under absorption costing is:
$
$
$
$
143
e
2,820
2,770
50
47
23
14
11
$95,880
$19,390
Answers
The total gross margin for the month under absorption costing is $16,120.
What is the total gross margin?Total variable cost per unit:
Direct materials cost per unit = $44Direct labor cost per unit = $19Variable manufacturing overhead per unit = $13Variable selling and administrative expenses per unit = $12Total variable cost per unit:
= Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Variable selling and administrative expenses per unit
= $44 + $19 + $13 + $12
= $88
Total fixed costs:
Fixed manufacturing overhead = $85,260Fixed selling and administrative expenses = $16,440Total fixed costs:
Fixed manufacturing overhead + Fixed selling and administrative expenses
= $85,260 + $16,440
= $101,700
Total gross margin:
= (Selling price per unit - Total variable cost per unit) * Units sold - Total fixed costs
= ($131 - $88) * 2,740 - $101,700
= $43 * 2,740 - $101,700
= $117,820 - $101,700
= $16,120.
Read more about gross margin
brainly.com/question/28390697
#SPJ1
An employer's defense to an employment discrimination claim might include a simple demonstration that the employee's evidence is not true. This defense might include all of the following except
Answers
An employer's defense to an employment discrimination claim might include a simple demonstration that the employee's evidence is not true. This defense might include all of the following except "the employee is a known liar".
What is a defense in law?
A defendant may establish a defense in a civil case or criminal prosecution under common law or legislation in order to avoid civil responsibility or criminal guilt.
What is Evidence?
The evidence for a proposition is what backs up that assertion. It is commonly seen as proof that the supported statement is correct. The function of evidence and how it is conceived differs by discipline.
How can a lie be detected during a legal proceeding?
The polygraph is the most well-known tool for detecting deceit through psychophysiological means.
All of these strategies are designed to identify deceit by evaluating indications of changes in the body that are ordinarily undetectable by human inspection.
Learn more about legal defense:
https://brainly.com/question/8873510
#SPJ1
Adirondack Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. Overhead Total Direct Labor Hours DLH per Product A B Painting Dept. $251,700 10,200 9 5 Finishing Dept. 61,700 11,900 5 6 Totals $313,400 22,100 14 11 Using a single plantwide rate, the factory overhead allocated per unit of Product A in the Painting Department is a.$127.62 per unit b.$14.18 per unit c.$616.91 per unit d.$222.09 per unit
Answers
Adirondack Marketing Inc.'s Factory Overhead per unit of Product A is d. $222.09 per unit.
Data and Calculations:
Overhead Total Direct Labor Hours DLH per Product
A B
Painting Dept. $251,700 10,200 9 5
Finishing Dept. 61,700 11,900 5 6
Totals $313,400 22,100 14 11
The overhead rate for a unit of Product A in the Painting Department = Total overhead in the Painting Department divided by Direct Labor Hours, multiplied by direct labor hours per unit of Product A.
= $222.09 ($251,700/10,200 x 9)
Thus, for a unit of Product A, the overhead rate in the Painting Department is $222.09.
Learn more about overhead allocation at https://brainly.com/question/14095583
According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
https://brainly.com/question/28210218
#SPJ8
when a sports property positions itself as entertainment, the concept of positioning challenge implies
Answers
Increase the potential audience, but be prepared for increased competition from businesses that aren't in sports but yet want to satisfy consumer entertainment needs.
What are the challenges of positioning?Positioning describes the position your brand or product should occupy within a specific target market. The process of market positioning and brand positioning, more particularly, deals with how you sell your brand or product to consumers in order to obtain that position. Brand positioning mistakes generally fall into one of four categories: over positioning, underpositioning, confused positioning, or double positioning. In order to "differentiate" your service and add value to your market, you must determine your competitive positioning. It's about making a name for yourself in a crowded market, planting a flag there, and gaining market share by becoming well-known for a certain "something."To learn more about challenges of positioning refer to:
https://brainly.com/question/14990107
#SPJ4
The financial institution where Mrs. Jones has her checking account will continue to pay out money for the checks she writes as long as: *
There is enough money in her account to cover the amount of the checks
The financial institution has sufficient funds
She maintains a good record of deposits and handles her account responsibly
She uses checks from her checkbook
Answers
Answer:
There is enough money in her account to cover the amount of the checks
Explanation:
A check is a specially printed document which, when dully filled and signed, instructs a bank to pay the named person the specified amount of money. The check is prepared by the drawer and addressed to his or her bank, the drawee.
The check draws funds from the drawers checking account. Writing a check is actually making payments with the money held in the checking account. The banks will honor the instructions on the check as long as the drawer's account has sufficient funds to complete the transaction.
O.K. Company uses a job order cost accounting system and allocates its overhead on the basis of direct labor costs. O.K. expects to incur $2,000,000 of overhead during the next period and expects to use 50,000 labor hours at a cost of $10.00 per hour. What is O.K. Company's overhead application rate
Answers
Answer:
Predetermined manufacturing overhead rate= $0.4 per direct labor dollar
Explanation:
Giving the following information:
O.K. expects to incur $2,000,000 of overhead during the next period and expects to use 50,000 labor hours for $10.00 per hour.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 2,000,000/ (50,000*10)
Predetermined manufacturing overhead rate= $0.4 per direct labor dollar
Which of the following combinations is ensured to increase?
Answers
please you can give any option or full question
how can schools create inclusive education for students with speech and language difficulties
Answers
Answer:
schools can always create extra classes and get specilized teachers to handle and care for students with behavrioral disorders
Explanation:
An economy consists of three workers: Sam, Andrew, and Darnell. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Sam can either mow 1 lawn or wash 1 car; Andrew can either mow 1 lawn or wash 2 cars; and Darnell can either mow 2 lawns or wash 1 car.
For each of the scenarios listed, determine how many lawns will be mowed and how many cars will be washed per day and enter these values into the corresponding row.
a. All three spend all their time mowing lawns.
b. All three spend all their time washing cars.
c. All three spend half their time on each activity.
d. Sam spends half his time on each activity, while Andrew only washes cars and Darnell only mows lawns.
Answers
Answer:
40 lawns would be mown , 0 cars would be washed
40 cars, 0 lawns
20 lawns 20 cars
25 lawns 25 cars
Explanation:
a. If they all mow lawns and they have 10 hours a day to work, the total number of lawn mown = (1 x 10) + (1 x 10) +(2 x 10) = 40 lawns
If they mow lawns only, they would wash cars. So, the total of cars washed would be 0
b. If they all wash cars and they have 10 hours a day to work, the total number of cars washed = (1 x 10) + (2 x 10) +(1 x 10) = 40 cars
If they wash cars only, they would not mow any lawn. So, the total of lawns mown would be 0
c If they all spend half their time on each activity, they would wash cars for 5 hours and mow lawns for 5 hours
Lawns mown = (1 x 5) + (1 x 5) +(2 x 5) = 20 lawns
Cars washed = (1 x 5) + (2 x 5) +(1 x 5) = 20 cars
d. If Sam spends half his time on each activity, he would spend 5 hours on each activity. He would wash 5 cars and mow 5 lawns
If Andrew washes only cars, he would wash (2 x 10) = 20 cars
If Darnell only mows lawns, she would wash (2 x 10) = 20 lawns
This gives a total of 25 cars and 25 lawns
PLEASE HURRY 90 POINTS AND BRAINLIEST TO WHOEVER ANSWERS
Trade School vs. College - How to Decide?
The choice to go to college or choose a trade school is a huge decision you may need to make in the near future. There are a lot of factors to consider when making this choice, so it is a good idea to start reading about the advantages and disadvantages of college and trade schools. Each path can lead to success depending on what you want to do with your life.
After reading the article, make your own list of pros and cons for both trade school and college. Highlight the most important details that will help you make your decision.
Next, develop a basic career and education plan. Your plan should briefly outline the following:
Any long and short-term goals for your education and career future
What high school and college programs might help you reach your goals
This plan can be created in any word processing program.
Once you have completed your list of pros and cons and developed your career and educational plan, answer the following questions:
The article states, “In the past, there may have been some stigma about trade schools not being a viable option to pursue well-paying, long-term careers. However, times have changed! Now more than ever students are looking for alternative education options that allow them to complete school on a faster timeframe with less financial investment.” A stigma is defined as a mark of disgrace associated with a situation or person. What does the author mean by saying that in the past there may have been some stigma about trade schools? Why do you think this stigma existed?
Why do you think this article was written? Does it seem that the author favors trade school and college as equally enriching experiences? Why?
How did the author organize the information? Did the structure of the article help you see the clear pros and cons of trade schools and colleges? Why?
What is the author’s point of view? Analyze and discuss how they distinguish their point of view from others.
What are two (or more) central ideas in this text? How are these ideas developed over the course of the article?
If you had to choose a path right now—college or trade school—which would you choose? Include details from the article that helped sway your decision.
How College Loans Exploit Students for Profit
Explain the issue Samuel discusses that has 40 million Americans in debt.
Samuel mentions three truths that you can’t ignore—briefly explain at least one of the following truths:
What is Income-Based Tuition? Discuss the three advantages to Income-Based Tuition.
4 Pillars of College Success in Science
Why did Hrabowski join the Children’s Crusade in Birmingham? What was the most important lesson that he learned?
Hrabowski states, “…most people don’t realize that it’s not just minorities who don’t do well in science and engineering.” Please explain this statement and give a brief summary regarding how Hrabowski supports this statement.
Why do students who attend the most prestigious universities in our country begin in pre-med or pre-engineering and engineering but end up changing their majors?
Explain the four things that Hrabowski’s university did to help minority students that are now helping all students?
Answers
The author of the article on trade schools versus college is encouraging students to weigh their options and make a decision based on what they want to do with their lives.
In the past, trade schools had a stigma attached to them as not being viable options for well-paying, long-term careers. However, now more than ever, students are looking for alternative education options that allow them to complete school in a faster timeframe with less financial investment.
The author wrote this article to provide information for students to make an informed decision. The author is not biased towards either college or trade schools but presents both as enriching experiences. The article is structured in a way that organizes the information in a clear and concise way, allowing the reader to see the pros and cons of both trade schools and colleges.
The author's point of view is that students should choose the path that best aligns with their goals and aspirations. They make it clear that college and trade schools can lead to success, depending on what the student wants to do with their life.
Two central ideas in the article are that both college and trade schools can lead to success, and students should choose the path that best aligns with their goals. These ideas are developed over the course of the article by providing pros and cons for both paths and discussing the importance of making a decision based on one's aspirations.
If I had to choose a path right now, I would choose college. This is because I am interested in pursuing a career in medicine, which requires a college degree. The article helped sway my decision by providing information on the advantages of college, such as the wide range of career options and opportunities for networking.
In "How College Loans Exploit Students for Profit," Samuel discusses the issue of student debt, which has left 40 million Americans in debt. One of the truths that Samuel mentions is that the student loan industry is a $100 billion industry that is making profits off of students.
Income-Based Tuition is a tuition payment option where the amount a student pays for tuition is based on their income. The three advantages of Income-Based Tuition are that it reduces the financial burden on students, it encourages students to pursue higher education, and it makes education more accessible to low-income families.
Hrabowski joined the Children's Crusade in Birmingham to protest against racial segregation and discrimination. The most important lesson he learned was the power of unity and how students can make a difference when they work together.
Hrabowski's statement means that there is a misconception that only minorities struggle in science and engineering when in reality, it is a problem that affects everyone. Hrabowski supports this statement by discussing the initiatives that his university has taken to help all students succeed in science and engineering.
Students who attend prestigious universities often begin in pre-med or pre-engineering because of societal pressure or the perceived status of these fields. However, they often end up changing their majors because they realize that their true passions lie elsewhere.
The four things that Hrabowski's University did to help minority students that are now helping all students are creating a supportive and inclusive community, providing mentorship opportunities, offering resources and support services, and promoting the importance of education.
Know more about Trade schools here:
https://brainly.com/question/27803416
#SPJ8
1. Income Tax Payable
Answers
Answer:
Income Tax Payable is the amount of tax that the company owes, and that it plans to pay within the next year. Income Tax Payable is shown under the current liabilities section of the Balance Sheet.
Tax liabilities that are planned to be paid in more than a year are listed in a separate account under the Long-Term Liabilities section of the Balance Sheet.
in the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses?
a. perfectly competitive firm
b. a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above
Answers
Answer: A perfectly competitive firm
Explanation:
CASE 5–32 Break-Even Analysis for Individual Products in a Multiproduct Company LO5–5, LO5–9
Cheryl Montoya picked up the phone and called her boss, Wes Chan, the vice president of marketing at Piedmont Fasteners Corporation: “Wes, I’m not sure how to go about answering the questions
that came up at the meeting with the president yesterday.”
“What’s the problem?”
“The president wanted to know the break-even point for each of the company’s products, but I am having trouble figuring them out.”
“I’m sure you can handle it, Cheryl. And, by the way, I need your analysis on my desk tomorrow morning at 8:00 sharp in time for the follow-up meeting at 9:00.”
Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. Data concerning these products appear below:
Velcro Metal Nylon
Annual sales volume 100,000 200,000 400,000
Unit selling price $1.65 $1.50 $0.85
Variable expense per unit $1.25 $0.70 $0.25
Total fixed expenses are $400,000 per year.
All three products are sold in highly competitive markets, so the company is unable to raise prices without losing an unacceptable numbers of customers.
The company has an extremely effective lean production system, so there are no beginning or ending work in process or finished goods inventories.
Required:
1. What is the company’s over-all break-even point in dollar sales?
2. Of the total fixed expenses of $400,000, $20,000 could be avoided if the Velcro product is dropped, $80,000 if the Metal product is dropped, and $60,000 if the Nylon product is dropped. The remaining fixed expenses of $240,000 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely.
a. What is the break-even point in unit sales for each product?
b. If the company sells exactly the break-even quantity of each product, what will be the overall profit of the company? Explain this result.
Answers
Answer:
Answer:
Piedmont Fasteners Corporation
1. Company's overall break-even point in dollar sales = Total variable costs + Fixed Costs
= $365,000 + $400,000
= $765,000
2. a) Break-even point in unit sales for each product:
= Fixed cost for each product/Contribution per unit
Velcro Metal Nylon
Fixed expenses $20,000 $80,000 $60,000
Contribution per unit $0.40 $0.80 $0.60
Break-even point $20,000/$0.40 $80,000/$0.80 $60,000/$0.60
= 50,000 units 100,000 units 100,000 units
2b) If the company sells exactly the break-even quantity of each product, the overall profit of the company will be a loss of $240,000. This is due to the common fixed expenses.
Explanation:
a) Data and Calculations:
Velcro Metal Nylon Total
Annual sales volume 100,000 200,000 400,000 700,000
Unit selling price $1.65 $1.50 $0.85
Sales Revenue $165,000 $300,000 $340,000 $805,000
Variable expense per unit $1.25 $0.70 $0.25
Variable costs $125,000 $140,000 $100,000 $365,000
Contribution per unit $0.40 $0.80 $0.60
Contribution margin $40,000 $160,000 $240,000 $440,000
Total fixed expenses $400,000
Net Income $40,000
Contribution per unit (company-wide) $440,000/700,000 = $0.63
Velcro Metal Nylon Total
Annual sales volume 100,000 200,000 400,000 700,000
Unit selling price $1.65 $1.50 $0.85
Sales Revenue $165,000 $300,000 $340,000 $805,000
Variable expense per unit $1.25 $0.70 $0.25
Variable costs $125,000 $140,000 $100,000 $365,000
Contribution per unit $0.40 $0.80 $0.60
Contribution margin $40,000 $160,000 $240,000 $440,000
Total fixed expenses 20,000 80,000 60,000 160,000
Income $20,000 $80,000 $180,000 $280,000
Common Fixed expenses 240,000
Net Income $40,000
Answer 1 :
The break-even point in unit sales for each product
Formula :
Break-Even Point = Total variable costs + Fixed Costs
Break-Even Point= $365,000 + $400,000
Break-Even Point= $765,000
Answer 2:
a) Break-even point in unit sales for each product :
Break Even Point = Fixed cost for each product/Contribution per unit
Velcro Metal Nylon
Fixed expenses $20,000 $80,000 $60,000
Contribution per unit $0.40 $0.80 $0.60
Break-even point $20,000/$0.40 $80,000/$0.80 $60,000/$0.60
Total 50,000 units 100,000 units 100,000 units
a) Working Notes :
Velcro Metal Nylon Total
Annual sales volume 100,000 200,000 400,000 700,000 Unit selling price $1.65 $1.50 $0.85 Sales Revenue $165,000 $300,000 $340,000 $805,000 Variable expense per unit $1.25 $0.70 $0.25 Variable costs $125,000 $140,000 $100,000 $365,000 Contribution per unit $0.40 $0.80 $0.60 Contribution margin $40,000 $160,000 $240,000 $440,000 Total fixed expenses $400,000
Net Income $40,000
Contribution per unit = $440,000/700,000 = $0.63
Answer 2 :
Part B)
If the company sells exactly the break-even quantity of each product, the overall profit of the company will be a loss of $240,000. This is due to the common fixed expenses.Know more :
https://brainly.com/question/20322425?referrer=searchResults
A manager of Paris manufacturing which produces computer hard drives, is planning to lease a new automated inspection system. The manager believes the new system will be more accurate than the current manual inspection process. The firm has had problems with hard drive defects in the past and the automated system should help catch these defects before the drives are shipped to the final assembly manufacturer. Below are the relevant information:
Current manual inspection system:
annual fixed cost = $35,000
Inspection variable cost per unit = $15 per unit.
New automated inspection system:
Annual fixed cost = $165,000
Inspection variable cost per unit = $0.55 per unit
1- Suppose annual demand is 8000 units. Should the firm lease the new inspection system?
2- NEW-SPEC, a firm that specializes in providing manual inspection processes for other firms, approached Paris manufacturing and offered to inspect parts for $19 each with no fixed costs. It assured Paris manufacturing that the accuracy and quality of its manual inspections would equal that of the automated inspection system. Demand for the upcoming year is forecast to be 8000 units. Should the manufacturer accept the offer?
Answers
Answer:
Paris Manufacturing
1. Based on cost considerations, the new inspection system should not be leased.
2. Based on cost considerations, the manufacturer should accept the NEW-SPEC offer.
Explanation:
a) Data and Calculations:
Annual demand for computer hard drives = 8,000 units
Current manual inspection system:
annual fixed cost = $35,000
Inspection variable cost per unit = $15 per unit.
Total cost for manual inspection system:
Variable costs $120,000 (8,000 * $15)
Fixed costs 35,000
Total costs $155,000
New automated inspection system:
Annual fixed cost = $165,000
Inspection variable cost per unit = $0.55 per unit
Total cost for automated inspection system:
Variable costs $4,400 (8,000 * $0.55)
Fixed costs 165,000
Total costs $169,400
Total cost with NEW-SPEC:
Variable costs $152,000 (8,000 * $19)
b) The improved efficiency will surely outrun the cost of the new automated inspection system. Therefore, I recommend that Paris should go ahead with the new system, despite the costs. Accepting the offer from NEW-SPEC provides the best financial efficiency. However, in the long-run, purchasing the automated inspection system might prove to be the best decision.
a Identify one factor that could result in a higher break-even point
b Calculate the forecast average monthly profit figures for the two menu
options.
Answers
1. One factor that could result in a higher break-even point is a reduced contribution margin per unit (or ratio).
2. The forecast average monthly profit figures for the two menu options are as follows:
Current Proposed
Revenue $48,000 $33,600
Variable costs 12,000 9,600
Contribution margin $36,000 $24,000
Fixed costs 28,000 24,000
Net income $8,000 $0
What is the break-even point?The break-even point is the sales level that equates the total revenue to the total costs (fixed and variable).
When the break-even point is reached, there are no profits or losses.
To generate some profits, the sales level must exceed the break-even point.
Current Menu Option:Revenue per week (600 at $20) = $12,000
Total monthly revenue = $48,000 ($12,000 x 4 weeks)
Average variable cost per meal at $5 = $3,000
Total monthly variable cost = $12,000 ($3,000 x 4 weeks)
Overhead cost per week = $7,000
Total monthly overhead cost = $28,000 ($7,000 x 4 weeks)
Proposed Menu Option:Revenue per week (600 at $14) = $8,400
Total monthly revenue = $33,600 ($8,400 x 4 weeks)
Average variable cost per meal at $4 = $2,400
Total monthly variable cost = $9,600 ($2,400 x 4 weeks)
Overhead cost per week = $6,000
Total monthly overhead cost = $24,000 ($6,000 x 4 weeks)
Learn more about the break-even point at https://brainly.com/question/24233845
#SPJ1
Sal is 35 years old, an employee of a private firm, and is planning to retire at age 65. He is investing in a traditional IRA instead of a Roth IRA because he expects his marginal tax rate to be lower during retirement than it is now. Is this a productive choice for Sal? Why or why not?
Answers
Answer:
Explanation:
the choice between a traditional IRA and a Roth IRA depends on an individual's expectations about their future tax bracket. A traditional IRA may be a good choice for someone who expects to be in a lower tax bracket during retirement, as contributions are tax-deductible and the investment earnings grow tax-free until they are withdrawn in retirement. On the other hand, a Roth IRA may be a better choice for someone who expects to be in a higher tax bracket during retirement, as contributions are not tax-deductible, but the investment earnings grow tax-free and qualified withdrawals in retirement are tax-free. It is important for individuals to consider their specific financial situation and consult with a financial planner or tax professional to determine the best choice for their individual circumstances.
It is productive for Sal because It is productive because Sal can claim a tax deduction on the amount he decides to contribute toward the traditional IRA.
What is a tax deduction?Tax deduction refers to claims made to reduce your taxable income, arising from various investments and expenses incurred by a taxpayer. Thus, an income tax deduction reduces your overall tax liability. It is a kind of tax benefit which helps you save tax. However, the amount of tax you can save depends on the type of tax benefit we claim.
Both the terms tax deduction and tax exemption refer to a lowering of taxable income; they are forms of tax relief or tax breaks provided by the government. However, tax exemptions may also include complete relief from taxes, reduced rates and tax on only a portion of income. Tax exemption means we don't have to pay tax for a particular income.
For instance, we may get a tax exemption for donating to charitable institutions and various relief funds.
Learn more about tax, here:
https://brainly.com/question/16423331
#SPJ2
explain briefly the negative impact of lack of information by workers to Exxon Mobil
Answers
Information is an abstract concept that refers to that which has the power to inform. At the most fundamental level, information pertains to the interpretation of that which may be sensed, or their abstractions.
Information is a stimulus that has meaning for the recipient in a particular situation. Data is the broad term used to describe information that is entered into and stored in a computer.
Information is a fact, idea, or piece of data that is conveyed or described through different forms of communication, including written, oral, visual, and audio.
Information is processed data. Processing raw data produces information. Information is a processed type of data, whereas data is raw and unedited. Information can be stored in many forms, such as text, images, sound, and videos.
Learn more about the information here:
https://brainly.com/question/30350623
#SPJ1
If 15,000 fans bought tickets totaling $450,000, what was the average price per ticket?
Answers
Answer:
$30
Explanation:
450,000 ÷ 15,000 = 30
The average price per ticket is $30.
What is Average?In mathematics, the Average value—which is determined by dividing the sum of all the values by the total number of values—is the average value in a collection of numbers.
To calculate the average of a collection of data, add up all the values and divide the result by the total number of values.
According to the given question, total number of fans are 15,000 and amount of total tickets are $450,000.
Average price per ticket can be computed as follows:-
Average = Total Amount ÷ Number of Observations
= 450,000 ÷ 15,000
= 30
Therefore, it can be concluded that the average price per ticket is $30.
Learn more about Average here:
https://brainly.com/question/27193544
#SPJ6
Snavely, Inc., manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product E1 600 8.0 4,800 Product A7 300 4.0 1,200 Total direct labor-hours 6,000 The direct labor rate is $24.90 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit Product E1 $206.00 Product A7 $225.00 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product E1 Product A7 Total Labor-related DLHs $ 109,600 4,800 1,200 6,000 Machine setups setups 51,690 700 300 1,000 Order size MHs 808,470 2,800 3,500 6,300 $ 969,760 The total overhead applied to Product A7 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)
Answers
The total overhead applied to Product A7 under activity-based costing is closest to $482,086.
The total overhead applied is calculated with the following data from the question: Activity Estimated Expected ActivityActivity Cost Pools Measures Overhead Product E1 Product A7 Total
Labor-related DLHs $ 109,600 4,800 1,200 6,000
Machine setups setups 51,690 700 300 1,000
Order size MHs 808,470 2,800 3,500 6,300
Total $ 969,760
Overhead Allocation using activity-based costing method:Total Costs Product E1 Product A7
Labor-related DLHs $ 109,600 $87,680 (80%) $21,920 (20%)
Machine setups setups 51,690 36,183 (70%) 15,507 (30%)
Order size MHs 808,470 363,811 (45%) 444,659 (55%)
Total $ 969,760
Total overhead allocated to products $487,674 $482,086
Thus, the calculation of the total overhead applied to Product A7 under the activity-based costing method is determined by the volume of activities that Product A7 consumed under each activity cost pool, as indicated by the percentages.
Learn more about the allocation of overhead using activity-based costing at https://brainly.com/question/14912137
How does finance and insurance affect in our global economy?
Answers
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
Find out more on finance at https://brainly.com/question/28556872
#SPJ1
During 2024, Messier Leather Goods issued 763,000 coupons which entitles the customer to a $4.30 cash refund when the coupon is submitted at the time of any future purchase. Deluxe estimates that 73% of the coupons will be redeemed. 419,000 coupons had been processed during 2024. Deluxe recognizes coupon expense in the period coupons are issued. At December 31, 2024, Deluxe should report a liability for unredeemed coupons of:
Answers
Deluxe should record a liability for unredeemed coupons of $237,704,000 on December 31, 2024.
Determine the total amount of coupons that will need to be redeemed first. Since Deluxe anticipates that 70% of the total will be redeemed, the final figure should be: 763,000 * 73% = 55,699,000
Sadly, only 419,000 coupons were processed; therefore, the number of coupons still unredeemed is: 55,699,000 - 419,000 = 55,280,000.
Out of the estimated total, 55,280,000 vouchers were not redeemed.
As a result, the value of these unredeemed coupons will be calculated as follows: = 55,280,000 * 4.30 (coupon value) = $237,704,000
The Unredeemed Coupons' Liability is therefore $237,704,000.
learn more about unredeemed coupons here:
https://brainly.com/question/30051234
#SPJ4
How do you know your Business is ready to partner with a Distributor?
Question 1 options:
You have the Sakes Staff to support it.
All of these Answers are right.
You have a strong Trucking and Delivery infastructure.
You have adequate Inventory Housing.
Answers
Answer:
All of these answers are right, but there are some additional factors that should also be considered when determining if your business is ready to partner with a distributor. Some of these factors include:
Product demand: Distributors are typically interested in partnering with businesses that have a proven track record of strong product demand. If your product is not yet well-established in the market, it may be more difficult to convince a distributor to partner with your business.Marketing and branding: If your business has a strong brand and marketing strategy, this can make it more attractive to potential distributors. Distributors want to partner with businesses that have a clear and compelling value proposition and a strong brand image.Financial stability: Distributors want to partner with businesses that are financially stable and have a strong track record of profitability. This can give them confidence that the partnership will be a mutually beneficial one.Scalability: Distributors want to partner with businesses that have the potential for growth and scalability. If your business has demonstrated that it can scale up production and increase sales, this can make it more attractive to potential distributors.Competitive advantage: Finally, distributors want to partner with businesses that have a competitive advantage in the market. This could be a unique product offering, a proprietary technology, or a strong distribution network. If your business has a strong competitive advantage, this can make it more attractive to potential distributors.the economic integration of Europe happened in the last ten years, i.e., since the great recession of 2008-09. True False
Answers
Answer: False
Explanation:
Europe has been integrated since the later 20th century when in 1993, their markets were integrated and there was a total free movement of goods and services across the borders of countries in Europe.
In 1999, the Euro was introduced and this helped economic growth and integration even more as they were able to pursue a single monetary policy. Trade and competition rose and goods saw a drop in prices and bargaining power increased.
what business you want to stablish in the future ? why ?
Answers
Answer:
Business I want to stablish in the future is a store.
Explanation:
Because many people buy in a store.