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2 years ago

Shelhorse Corporation produces and sells a single product. Data concerning that product appear below:

Business

1 answer:

zloy xaker [14]2 years ago

5 0

Answer:

See explanation section.

Explanation:

Requirement 1

At first we have to find the original net income.

Shelhorse Corporation

Contribution format income statement

For the year ended, December 31, 20YY

Sales Revenue (6,100 × $260) = $1,586,000

Less: Variable expense (6,100 × $91) = $555,100

Contribution Margin = $1,030,900

Less: Fixed Expense $366,000

Net Operating Income = $664,900

Requirement 2

As the marketing manager believes that a $23,000 increase in the monthly advertising budget would result in a 150 unit increase in monthly sales, the new sales volume = 6,100 + 150 = 6,250 and new fixed expense = $366,000 + $23,000 = $389,000

Shelhorse Corporation

Contribution format income statement

For the year ended, December 31, 20YY

Sales Revenue (6,250 × $260) = $1,625,000

Less: Variable expense (6,250 × $91) = $568,750

Contribution Margin = $1,056,250

Less: Fixed Expense = $389,000

Net Operating Income = $667,250

The effect on the company's monthly net operating income of this change = $667,250 - $664,900 = $2,350

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Issued by nonfederal government entities, these financial instruments are debt securities that fund their capital expenditures.

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The financial instrument described above is MUNICIPAL BOND.
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2 years ago

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An employee submits a request for her light to be repaired, and her request spends two years in committee process. Meanwhile, he

ohaa [14]

<h2>The employee likely to continue to wait</h2>

Explanation:

a. Leave the organization: The employee is not willing to leave because she has placed the request and she has spent two years. So, it depicts that she would like to continue.

b. continue to wait: Yes the employee continues to wait because, it shows the patience level that the employee possess and her involvement towards the organization & commitment towards work.

c. ask a friendly colleague to help her fix the light: There is no evidence in the sentence about seeking help. So this choice is invalid.

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2 years ago

Peggy Simmons has a tough assignment. She is to live in Japan for the next five years and successfully introduce her company's l

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Answer:

Progressive education

Explanation:

Based on the information provided within the question it seems that the company's management wants Peggy to use the Progressive education model. This is a teaching method which focuses on learning from hand-on experience as opposed to traditional pen and paper methods. Therefore the company Management wants Peggy to experience life as a local in order to gain the experience and fast-track her learning.

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2 years ago

An analyst following Barlow Energy has compiled the following information in preparation for additional analysis she has to incl

Vadim26 [7]

Answer:

FCFE: 99

Explanation:

FCFE: cash flow from operation - CAPEX + borrowing

we calcualte the cash flwo form operation using the indirect method:

net income - preferred dividends = available for common stock

income = 125 + 14 = 139

net income 139

depreciation expense 50

change in working capital (30)

cash flow from operation: 159

CAPEX will be the long term assets investment

investment on fixed capital 100

CAPEX 100

net borrowing 40

159 -100 + 40 = 99

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1 year ago

Pharoah Company just began business and made the following four inventory purchases in June: June 1 186 units $1290 June 10 248

kherson [118]

Answer:

Ending Inventory 2,092

Explanation:

PURCHASES

DATE QUANTY PRICE SUBTOTAL

1 186 $6.935484 $1,290.00

10 248 $7.78226 $1,930.00

15 248 $8.38710 $2,080.00

28 186 $8.81720 $1,640.00

Inventory on hand 260

Using FIFO we have to pick from the bottom of the table until reach 240 unit.

last line: June 28th 186 units total cost 1640

240 - 186 = 54 units

we need 54 more units so we go to next purchase

June 15th 54 units at 8.3810 = 542.034 = 542

Now we add to get total ending ivnentory

186 units 1640

54 units 452

Ending Inventory 2,092

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2 years ago

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