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2 years ago

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

Business

1 answer:

postnew [5]2 years ago

7 0

Answer:

1. $858,000

2. Chicken = 24,000 units and Fish = 36,000 units

Explanation:

The computation is shown below:

1. The anticipated level of profits for the expected sales volumes is

= Expected sales of chicken × (Selling price per taco - Variable cost per taco) + Expected sales of fish × (Selling price per taco - Variable cost per taco) - total fixed cost

= 200,000 × ($3 - $1.50) + 300,000 × ($4.50 - $2.25) - $117,000

= $300,000 + $675,000 - $117,000

= $858,000

2. The break even volume is

Let we assume the sale units be X

So, total units sold for chicken = 40X

And, for the fish it is = 60X

Sale units of chicken × (Selling price per taco - Variable cost per taco) + Sale units of chicken × (Selling price per taco - Variable cost per taco) = Total Fixed cost

0.40X × (3 – 1.50) + 0.60X × (4.50 – 2.25) = $117,000

0.60X + 1.35X = $117,000

1.95X = $117,000

So, the X is 60,000 units

So for chicken it is 60,000 × 40% = 24,000 units

And for fish it is 60,000 × 60% = 36,000 units

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While searching for the best interest rate on a certificate of deposit, Kyle noted that two online banks had better rates than t

GaryK [48]

Answer:

see below

Explanation:

Online-only banks lack a physical presence like traditional banks. They operate over the internet and usually offer higher interest rate than the regular bank. Two reasons make them offer higher interests.

Online banks do not require huge space under brink and mortar to operate. They do not need a large number of employees compared to other banks. It means they have low operating expenses, hence more profitable. Online-only banks can afford to pass the benefits of low running costs to their customers by offering high interest on deposits.
Online-only banking is still a new concept in the banking industry. To gains popularity and attract more customers, online banks are offering higher interest rates than regular banks.

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2 years ago

Presented below is a combined single-step income and retained earnings statement for Hardrock Mining Co. for 2017.

Gennadij [26K]

Answer:

(a) Net income $198,788

(b) Retained earnings at 12/31/17 = 3,145,448

Earnings per share for the year is $0.02 per share. That is:

Earnings per share = Net income / Number of common stock outstanding = $198,788 / 10,000,000 = $0.02 per share

Explanation:

Note: See the attached excel file for the multiple-step income statement.

A multi-step income statement refers to an income statement in which the gross profit and the categories of each expenses and income are giving in details before the net income of a company in a specific period is obtained.

The multiple-step income statement of Hardrock Mining Co. for 2017 is given in the attached excel file in which we have the following:

(a) Net income $198,788

(b) Retained earnings at 12/31/17 = 3,145,448

Calculation of earnings per share for the year

The earnings per share can be calculated as follows:

Earnings per share = Net income / Number of common stock outstanding = $198,788 / 10,000,000 = $0.02 per share

Therefore, earnings per share of the company for the year is $0.02 per share.

The note to the account that disclose earnings per share data in the financial statement of Hardrock Mining Co. for 2017 will appear as follows:

Note to the account:

Earnings per share for the year is $0.02 per share. That is:

Earnings per share = Net income / Number of common stock outstanding = $198,788 / 10,000,000 = $0.02 per share

Download xlsx

4 0

2 years ago

What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A.

Jlenok [28]

Answer:

C. Study the car market.

Explanation:

When a person is about to buy a new-car, he/she first have to see the car market which includes its price, model, performance, type of fuel, etc. After this, he/she has to first confirm that the car is suitable for him/her.

Test-drive, car insurance and taking car loan are further steps. When the buyer is fully aware of the car and its market and then he/she will look up to these things.

3 0

2 years ago

Beanstalk International is a rapidly growing company with well-established subsidiaries in several nations. The company wants to

miskamm [114]

Answer:

value chain analysis

Explanation:

Value chain analysis is a tool used within a firm to identify processes that add value in an organisation. It aims to reduce activities that constitute unnecessary cost and improve on processes that add value or give competitive advantage.

Beanstalk International needs a strategy that will help it differentiate primary and support activities in the company with a view of adding more value and adapting it's product to local preferences.

The value chain analysis is ideal for this to identify primary activities that drive company competitiveness.

5 0

2 years ago

The standard cost of product 777 includes 2.0 units of direct materials at $6.00 per unit. During August, the company bought 29,

AfilCa [17]

Answer and Explanation:

The computation is shown below:

Total material variance = Actual quantity × Actual rate - Standard quantity × Standard rate

= 29000 × $6.3 - (16,000 units × 2) × $6

= $182,700 - $192,000

= - $9,300 favorable

Material price variance = Actual quantity × Actual price - Actual quantity × Standard price

= (29,000 units × $6.3) - (29,000 units × $6)

= $182,700 - $174,000

= $8,700 unfavorable

Material quantity variance = Standard quantity × Actual quantity - Standard rate × Standard quantity

= $6 × 29,000 units - $6 × (16,000 units × 2)

= $174,000 - $192,000

= -$18,000 favorable

The favorable is when the standard cost is more than the actual one while the unfavorable is when the standard cost is less than the actual one

8 0

2 years ago