buy or sell its own stock. Which of the following is most likely to be true: -The corporation’s return on assets will decline over time A company has provided the following data: If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%, and all other factors remain the same, net operating income will: -increase by $11,000. Regarding the Eight Types of Waste that must be eliminated to implement a Just-In-Time production system, manufacturing an
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civil engineering, GIS, surveying and mapping and planning to clients in energy, rail, construction, municipal, and development. The firm is always looking to adopt new technology and quickly developed expertise in CAD, GNSS, and reflectorless/robotic total stations, but until late 2013, they hadn’t done much with laser scanning. “We’d tried renting scanners, and subcontracting LiDAR work, but it didn’t work out particularly well,” said WestLAND’s Vice-President of Geomatics Mike Angelo, EIT, PLS. “We
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10% 90,000 Generic red Grapes 60,000 3,000 5% 57,000 Bottles of wine produced: Pinot NoirPrivate Bin Kilograms of grapes: Pinot Noir grapes Generic red grapes Total kilograms of grapes Bottles (3 lb./bottle) 72,000 0 72,000 24,000 18,000 9,000 27,000 9,000 0 48,000 48,000 16,000 90,000 57,000 147,000 49,000 Regular Pinot Noir Melbec Total Notes to the contribution margin income statement: Variable costs: The liquor taxes, sales commissions and wine barrels are based on the number of bottles
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Holding cost(Ch) = $400(.05) = $20.00 Q* = 488 In order to determine the order size for Company A in the given scenario that would minimize total annual cost, I used the economic order formula. In the scenario, demand, ordering cost, unit cost and holding cost rate was given. With the numbers given I was able to determine the holding cost (per unit cost
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labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information, what is the total cost of production when the firm hires 7 workers? |a. |$66 | |b. |$76
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principals of total revenue, total cost, marginal revenue, and marginal costs the process of determining profitability is simplified greatly. In order to understand how the principles of economics affect the profitability of a company it is important to understand what each principal is. The first principle, total revenue can be summarized as, the price of a unit sold multiplied by the number of units sold. For example if the price per unit sold is $10 and the firm sells 10 units, the total revenue is
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Financial Accounting Focuses on reporting to external users including investors, creditors, banks suppliers, & governmental agencies. Financial Statements must be GAAP based. Management Accounting Processes of measuring, analyzing, and reporting financial & non-financial information that help managers make decisions to fulfill the goals of an organization. Managers use management accounting information to: 1. Develop, communicate, and implement strategies 2. Coordinate
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Costs & Revenue (Rs.) Total Costs Fixed Cost 0 Volume (Units) Saturday, September 20, 14 Break even Chart Costs & Revenue (Rs.) Total Costs Variable Cost Fixed Cost 0 Volume (Units) Saturday, September 20, 14 Break even Chart Costs & Revenue (Rs.) Total Revenue Total Costs Variable Cost Fixed Cost 0 Volume (Units) Saturday, September 20, 14 Break even Chart Costs & Revenue (Rs.) Total Revenue Total Costs Break Even Point
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is set at $100, how many units need to be produced and sold to break even? Use both the graphical and algebraic approach? b) If the selling price of the product is set at $80 per unit, See-Clear expects to sell 2000 units. What would be the total contribution to profit from this product at this price? c) See-Clear estimates that if it offers the price at the original target of $100 per unit, the company will sell about 1500 units. Will the pricing strategy of $100 per unit or $80 per unit
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Motor 5 | Sales at capacity (units) | 300,000 | | | | Actual volume (units) | 250,000 | 120,000 | 80,000 | 50,000 | Price per unit | $113.60 | $140.00 | $120.00 | $40.00 | Total revenue | $28,400,000 | $16,800,000 | $9,600,000 | $2,000,000 | Variable cost per unit | $85.60 | $125.00 | $62.50 | $28.00 | Total variable cost | $21,400,000 | $15,000,000 | $5,000,000 | $1,400,000 | Fixed costs | $6,000,000 | $900,000 | $4,500,000 | $600,000 | Operating profit | $1,000,000 | $900,000 | $100
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