| A) | Finished Goods Inventory has increased. | B) | Work in Process Inventory has increased. | C) | Finished Goods Inventory has decreased. | D) | Work in Process Inventory has decreased. | 5. | Sales are $500‚000 and variable costs are $350‚000. What is the contribution margin ratio? | A) | 43%. | B) | 30%. | C) | 70%. | D) | Cannot be determined because amounts are not expressed per unit. | 6. | Barcelona Bagpipes produces two models: Model 24 has sales of 500 units with
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C.) Variable Factors in Fitness Center There are five areas of interest that would be play an essential role in the variable factors for a fitness center. The first interest would include utilities. Lighting and water plays a crucial role in maintaining the livelihood for a fitness center. The fitness center uses water to provide hot or cold showers to their members after workout‚ water fountains are available on almost every hall‚ and not to mention swimming pools and hot tubs that uses large
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CASH FLOW DIRECT/INDIRECT 1. Given the following information and using the indirect method prepare the Cash Flows from Operating Activities section of the statement of cash flows. End of Year Beginning of Year Change Cash 23‚500 37‚400 (13‚900) Accounts receivable (net)
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Team Effectiveness and Process variables The final category to team effectiveness is process variables. These include member commitment to a common purpose‚ establishment of specific team goals‚ team efficacy‚ managed level of conflict and minimizing social loafing. Why are processes important to team effectiveness? One way to answer this question is to return to the topic of social loafing. We found that 1+1+1 doesn’t necessarily add up to three. In team tasks for which each member’s contribution
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Agri-environment contract adoption under fixed and variable compliance costs. This report looks at the agri-environment contract adpted by farmers’ to be able to contribute and partake in the enrivonmental schemes through pressure groups and government. It provides disctinct description to the differences in fixed and variable costs. The purpose of explaining the differences were to illustrate how farmers partaking to the project would be different than how much land will be needed to chip in the
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for each of thefour possible $1 price changes. What can you conclude about the relationship between the slope of a curve and its elasticity? Explain in a nontechnical way why demand iselastic in the northwest segment of the demand curve and inelastic in the southeast segment. Product Price Quality Demanded $5 1 Vb 4 2 3 3 2 4 1 5 Answer: 1/1.5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following
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8.1 BINOMIAL SETTING? In each situation below‚ is it reasonable to use a binomial distribution for the random variable X? Give reasons for your answer in each case. (a) An auto manufacturer chooses one car from each hour’s production for a detailed quality inspection. One variable recorded is the count X of finish defects (dimples‚ ripples‚ etc.) in the car’s paint. No: There is no fixed n (i.e.‚ there is no definite upper limit on the number of defects). (b) The pool of potential jurors for
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company ’s profitability. B. changes in variable costs on a company ’s profitability. C. changes in fixed costs on a company ’s profitability. D. changes in product sales mix on a company ’s profitability. E. All of these. 2. The break-even point is that level of activity where: A. total revenue equals total cost. B. variable cost equals fixed cost. C. total contribution margin equals the sum of variable cost plus fixed cost. D. sales revenue equals total variable cost. E. profit is greater than zero
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resources‚ and what the cost is driven from. 2-2. Two rules of thumb when analyzing cost behavior are to manage what the company manufactures‚ sells‚ and to give advice as to where costs can be reduced. 2-3. Three examples of a variable cost are a 12% increase in the production of dresses‚ which will cause a 12% increase in variable costs. A 10% increase in clothes will cause an 10% increase in variable costs. A 30% increase in labor hours will cause a 30% increase in variable costs. Three examples
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Intro Variable stars are important in astronomy because they provide information on the properties of the stars. Variable stars vary in brightness over time and have periods ranging from a couple hours to hundreds of days. Moreover‚ pulsating stars are variable stars and have two types of pulsating stars‚ such as RR Lyrae and Cepheid. Additionally‚ the simulators in this lab gives individuals a visual model of how variable stars are determined and measured. Therefore‚ the simulators will give individuals
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