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Flauer [41]
2 years ago
5

Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics:

Business
1 answer:
Alex17521 [72]2 years ago
4 0

Answer:

$1,059,050

Explanation:

The computation of the anticipated level of profits for the expected sales volumes is shown below:

Expected sales             209,000                      305,000

Particulars                     Chicken                          Fish

Sales                              $815,100                       $1,525,000

Less:

Variable cost                -$407,550                     -$762,500

Contribution margin      $407,550                      $762,500

Now the profit would be

= Total contribution margin - total fixed cost

= $407,550 + $762,500 - $111,000

= $1,059,050

The sales are variable cost are come by multiplying the units with its price per taco.

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2 years ago
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The winds of the recent hurricanes in Florida are bringing significant financial gain to California orange growers. Due to the e
Vedmedyk [2.9K]

Answer:

The correct answer is option d.

Explanation:

Unfavorable weather in Florida has adversely affected the production of Florida oranges. The decline in production has led to reduced supply of Florida oranges. This decrease in supply will lead to an increase in the price.  

As Florida oranges and California oranges are substitutes, with the increase in the price of Florida oranges will lead to an increase in the demand for California oranges as people will prefer the cheaper substitute.

6 0
2 years ago
On January 1, 20X9, Pitcher Corporation purchased 100 percent of Softball's stock. All tangible assets had a remaining economic
mina [271]

Answer:

The question is not complete,find attached complete question in word document.

Find all the journal entries in the attached spreadsheet

Explanation:

Please note the following points:

The goodwill is the excess of purchase consideration of $ 476,500.00  over the net assets of Softball acquired,that is $ 318,000.00  

The net assets is total assets acquired of $374,000 minus the liabilities taken over of $56000

Equity method income is the difference between Softball's net income reported and the dividends paid

Download docx
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> docx </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> xlsx </span>
5 0
2 years ago
The management team for Volcanic Batteries came up with the following vision statement: "VolcanicBatteries will conscientiously
Pepsi [2]

Answer:

c. triple-bottom-line approach

Explanation:

The triple-bottom-line approach is a framework with 3 parts: financial, social, and environment. Performance evaluation is more than just financial, it also incorporates social and environmental impacts of the business.

Volcanic batterie's vision statement has represented these 3 bottom lines

Financial- VolcanicBatteries will conscientiously track its financial performance to ensure profits for its investors

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6 0
2 years ago
Beacon company is considering automating its production facility. the initial investment in automation would be $15 million, and
marin [14]

Additional Information:

Net Operating Income before investment            $1,710,000

Net Operating Income After investment               $2,690,000

Answer:

12.65%

Explanation:

Now the project's accounting rate of return can be calculated using the following formula:

Accounting rate of return = Average Project Net Income / Avg. Investment

Here

Average Project Net Income is $980,000 per year (Step1)

and

Average investment is $7,750,000 (Step2)

By putting values, we have:

Accounting rate of return = $980,000 / $7,750,000   = 12.65%

Step1: Average Project Net Income

The relevant cash generated due to additional sales is the difference of the net operating income before investment and after investment, which is:

Investment Profit per year = $2,690,000  -  $1,710,000 = $980,000 per year

<u>Step2: Average Investment</u>

Average Investment = (Initial Investment + Residual Value) / 2

Here

Initial Investment is $15 million

and

Residual Value is $0.5 million

So by putting values, we have:

Average Investment = ($15 million + $0.5 Million) / 2 = $7.75 million

6 0
2 years ago
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