Which financial institution is known as a cooperative association?

Doyle’s Candy Company is a wholesale distributor of candy. The company services groceries, convenience stores and drugstores in

luda_lava [24]

Answer:

a) 275,000 boxed per year

b) sales price of $ 11.04

c)  sale volume in dollars 4.830.967,74

Explanation:

selling price: $ 9.60

Variable cost: $ 5.76

Contribution: $ 3.84

Contribution Ratio: 3.84 / 9.60 = 40%

$\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}$

1,056,000 / 3.84 = 275,000

If Variable cost increase by 15%

To keep contribution ratio at 40% then selling price should be:

(X - 5.76 x 1.15) / X = 0.40

X = $ 11.04

To keep the same income but without changing price:

current income: (sales x contribution less fixed cost)

(390,000 x 3.84 - 1,056,000) = 441,600

contribution: (9.60 - 5.76 x 1.15) / 9.60 = 0.31

$\frac{Fixed\:Cost + Target \: Income}{Contribution \:Margin} = Break\: Even\: Point_{units}$

(1,056,000 + 441,600)/ 0.31 =

1.497.600‬ / 0.31 = 4.830.967,74

8 0

2 years ago

Three years ago, law school admits deciding whether or not to attend the schools they were admitted to typically underestimated

V125BC [204]

Answer:

Limited Supply of lawyers will lead to increase in Lawyer Wages / Salaries

Explanation:

Labour Markets are at equilibrium where : Labour Demand (by firms) = Labour Supply (by employees).

Analysing the labour market for Lawyers : Previous anticipations finally leading to small graduating classes & limited supply of lawyers. This limited supply creates excess demand of lawyers. The mismatched excess demand (by firms) creates competition among buyer firms, which leads to increase in price (wages or salaries) of lawyers.

4 0

2 years ago

Revenue & Sales Corporation and Software, Inc., enter into a contract for the design of custom software for which Revenue &a

Colt1911 [192]

Answer:

An Assignment

Explanation:

Assignment in contract occurs when a party to a contract transfers the contract's obligations and benefits to another party so that the new party can take over the contacts obligation and right.This is guided by an assignment agreement that shows the intent to transfer the rights and obligation.

The process of contract assignment involves the assignor and the assignee. The assignor is the party that transfers its right and obligation while the assignee is the party that receives the right and obligation

6 0

2 years ago

Starfish Shells had a beginning balance in Notes Payable of $35,000 and an ending balance of $40,000. This will be reported as _

prohojiy [21]

Answer:

an increase of $5,000 in the cash flows from financing activities

Explanation:

There are three types of activities in the cash flow statement which are described below:

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash, and the increase in note payable is also recorded

The computation is shown below:

= Ending balance of note payable - beginning balance of note payable

= $40,000 - $35,000

= $5,000

8 0

1 year ago

You are thirsty and decide to have an iced tea. your thirst is a ________ and your choice of iced tea is a ________.

kari74 [83]

d. need; demand

Thirst is a need rather than a demand or want, since we need regular fluid intake for our survival and optimum functioning. A choice of ice tea is a demand rather than a want or need because a want or need does not involve the ability to afford the ice tea. Demand on the other hand involves the desire and ability to buy a product.

5 0

1 year ago

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