Master Business with Fun Quizzes & Brain Teasers!

Dilts Company has a unit selling price of $630, variable costs per unit of $380, and fixed costs of $335,000. Compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin.
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You just won $90,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 6% per year. If you intend to retire in 45 years, how much are these lottery winnings expected to be worth when you retire
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Titanic Roofing Company has estimated the following amounts for its next fiscal year: Total fixed costs $ 833 comma 000 Sale price per unit 60 Variable cost per unit 30 If the company spends an additional $ 30 comma 000 on advertising, sales volume would increase by 2 comma 500 units. Before the change, the company's sales level exceeds the breakeven point. What effect will this decision have on the operating income of Titanic? A. Operating income will decrease by $ 45 comma 000. B. Operating income will increase by $ 45 comma 000. C. Operating income will increase by $ 75 comma 000. D. Operating income will increase by $ 150 comma 000.
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g Assume absorption costing net income is $42000, ending inventory consists of 1100 units, the variable overhead rate is $12 per unit, and the fixed overhead rate is $14 per unit. Determine the net income under variable costing.
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ete is a California resident who is serving in California when he is transferred to Virginia under Temporary Duty (TDY) assignment. His salary is $3,000 per month. Pete is transferred on April 1 of the current year. How much of his income is taxable in California
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Kegler Bowling buys scorekeeping equipment with an invoice cost of $200,000. The electrical work required for the installation costs $21,000. Additional costs are $4,200 for delivery and $14,410 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,940. What is the total recorded cost of the scorekeeping equipment?
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Birch Manufacturers has provided the following information regarding the two products that it sells: Jet Boats Ski Boats Sales price per unit $ 8 comma 000 $ 24 comma 000 Variable cost per unit $ 6 comma 000 $ 16 comma 000 Annual fixed costs are $ 300 comma 000. How many units must be sold in order for Birch to break even, assuming that Birch sells five jet boats for every two ski boats sold? (Round any intermediate calculations to two decimal places, and your final answer to the nearest unit.) A. 58 jet boats and 23 ski boats B. 12 jet boats and 7 ski boats C. 23 jet boats and 58 ski boats D. 7 jet boats and 12 ski boats
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4.30 Support for casino in Toronto. In an effortto seek the public's input on the establishment of acasino, Toronto's city council enlisted an independentanalytics research company to conduct a public survey.A random sample of 902 adult Toronto residents wereasked if they support the casino in Toronto. Here arethe results:ResponseStronglysupport0.16Somewhatsupport0.26MixedfeelingsProbability?ResponseSomewhatoppose0.14Stronglyoppose0.36Don'tknow0.01Probability(a) What probability should replace "?" in the distribution?(b) What is the probability that a randomly chosen adultToronto resident supports (strongly or somewhat) a casino?
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Mike has spent $600 purchasing and repairing an old fishing boat, which he expects to sell for $800. Mike discovers, that, in addition to the $600 he has already spent, he needs to make an additional repair, which will cost another $300 in order to make the boat worth $800 to potential buyers. He can sell the boat as is now for $300. What should he do
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6. What aggregate planning difficulty that might confront an organization offering a variety of products and/or services would not confront an organization offering one or a few similar products or services
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Merck & Company reported the following from its 2016 financial statements. $ millions 2013 2014 2015 2016 Accounts receivable, net $7,184 $6,626 $6,484 $7,018 Allowance for doubtful accounts 146 153 165 195 a. Compute accounts receivable gross for each year. $ millions 2013 2014 2015 2016 Accounts receivable, gross b. Determine the percentage of allowance to gross account receivables for each year. Round answers to two decimal places (ex: 0.02345 = 2.35%). 2013 2014 2015 2016 % allowance c. Assume that we want to reformulate the balance sheet and income statement to reflect a constant percentage of allowance to gross accounts receivables for each year. Compute the four-year average and then reformulate the balance sheet and income statements for each of the four years. Follow the process shown in Analyst Adjustments 5.2 and assume a tax rate of 35%. Four- year average of percentage of allowance to gross accounts receivables. Round answer to two decimal places (ex: 0.02345 = 2.35%)
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The following data are available for Cole Company. Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale of investments 150,000 Issuance of common stock 180,000 Payment of cash dividends 90,000 Net cash provided by financing activities is:
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You are considering purchasing a CNC machine which costs $250,000. This machine will have an estimated service life of 14 years with a salvage value of $15,000. Its annual operating and maintenance costs are estimated to be $38,000. To expect an 15% rate of return on your investment, what would be the required minimum annual revenues
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Three identical units of merchandise were purchased during July, as follows: Date Product Basic H Units Cost July 3 Purchase 1 $35 10 Purchase 1 36 24 Purchase 1 37 Total 3 $108 Average cost per unit $36 Assume one unit sells on July 28 for $45. Determine the gross profit, cost of merchandise sold, and ending inventory on July 31 using the (a) first-in, first-out, (b) last-in, first-out, and (c) average cost flow methods.
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Fern wants to work with a group of experts to find the best solution for a quality assurance problem with her company's new product. However, the experts she wants to work with are all geographically distant from one another. In this circumstance, Fern should employ the
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You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $35,000, $39,000, $80,000, and $120,000 to you each year over the next four years, respectively. All payments will be made at the end of the year. If the appropriate interest rate is 5.7 percent, what is the value of the settlement offer today
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Suppose a friend of yours showed you the pro forma income statements for his start-up and exclaimed excitedly that during the first three years of operations his firm will make a net income of $150,000 per year, which is just the amount of money ($450,000) the firm will need to pay off a three-year loan. Given your study of the chapter, why is it that your friend may not actually have $450,000 in cash, even though his pro forma income statements say that he will earn that amount of money?
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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 405,000 Beginning merchandise inventory $ 27,000 Purchases $ 270,000 Ending merchandise inventory $ 13,500 Fixed selling expense $
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he following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31 2021 2020 2019 Net income $ 790 $ 620 $ 475 Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $12, ($10), and $10 in 2021, 2020, and 2019, respectively 24 (17 ) 18 Other (1 ) (1 ) 2 Total comprehensive income $ 813 $ 602 $ 495 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: ($ in millions) 2021 2020 Shareholders equity: Common stock 300 300 Additional paid-in capital 7,565 7,565 Retained earnings 6,645 6,089 Accumulated other comprehensive income 83 60 Total shareholders equity $ 14,593 $ 14,014 Required: 4. From the information provided, determine how Kaufman calculated the $83 million accumulated other comprehensive income in 2021. (Negative amount should be indicated by a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
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g if you invest in a business that you expect that will earn profit (in thousands of dollars) of $12 by the end of the year, $17 next year, $25 the third year, and $30 the 4th year. Other investments of equal risk earn 8%. How much is this business worth today
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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)
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Stine Corp.'s trial balance reflected the following account balances at December 31, 2014: Accounts receivable (net)? $21,000 Trading securities? 8,000 Accumulated depreciation on equipment and furniture? 15,000 Cash? 18,000 Inventory? 32,000 Equipment? 25,000 Patent? 4,000 Prepaid expenses? 4,000 Land held for future business site? 18,000 In Stine's December 31, 2014 balance sheet, the current assets total is
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Oriole Company will receive $43000 today (January 1, 2020), and also on each January 1st for the next five years (2021 2025). What is the present value of the six $43000 receipts, assuming a 11% interest rate?
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College education results in a positive externality for society. Explain whether the market failure that results from this externality is already being addressed with respect to college tuition in Texas.
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