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Fofino [41]
2 years ago
7

Brett has almond​ orchards, but he is sick of almonds and prefers to eat walnuts instead. The owner of the walnut orchard next d

oor has offered to swap this​ year's crop with him. Assume he produces 1 comma 0221,022 tons of almonds and his neighbor produces 779779 tons of walnuts. If the market price of almonds is $ 104$104 per ton and the market price of walnuts is $ 113$113 per​ ton: a. Should he make the​ exchange? b. Does it matter whether he prefers almonds or​ walnuts? Why or why​ not? a. Should he make the​ exchange? The market value of the almond crop is ​$nothing. ​(Round to the nearest​ dollar.)
Business
1 answer:
sukhopar [10]2 years ago
3 0

Answer:

a. Should he make the​ exchange?

  • No he shouldn't, because the market value of Brett's almond production is much higher than the market value of his neighbor's walnut production.

b. Does it matter whether he prefers almonds or​ walnuts? Why or why​ not?

  • If he had a couple of trees maybe, but there is no way that one single person or family eats more than 1,000 tons of almonds. So Brett's sudden despise for almonds does not matter, because even if he hates almonds, he should love money.

The market value of the almond crop is ​<u>$88,027</u>

Explanation:

Brett produces 1,022 tons of almonds x $104 per ton = $106,288 (market value)

neighbor produces 779 tons of walnuts x $113 per ton = $88,027 (market value)

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Anestetic [448]

Loyalty Points From the Customers.

Explanation:

The company is trying to have loyalty points by reducing the gap between the customer and the organisation.

1. Since Tara's company has received bad publicity they are trying to improve as through various sales promotion techniques the customers perception towards the company and its product would change.

2. This would have a win-win situation at both the end. The Business would create not only monitory profits by also have loyal customers that are satisfies at the other end.

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2 years ago
Redo the company’s income statement at the 5,000-unit level of activity using the contribution format.
adell [148]
Using the high-low method, separate each mixed expense into variable and fixed elements. State the cost formula for each mixed expense. (Omit the "£" sign in your response.) 
<span>Shipping Expense: </span>
<span>(86,200 - 45,900) / (5,100 - 2,000) = £13 variable cost per unit </span>
<span>86,200 - (13 x 5,100) = £19,900 fixed cost </span>
<span>£ Y = £19,900 + £13 X </span>

<span>Salaries and Commissions </span>
<span>(238,400 - 114,400) / (5,100 - 2,000) = £40 variable cost per unit </span>
<span>238,400 - (40 x 5,100) = £34,400 fixed cost </span>
<span>£ Y = £34,400 + £40 X </span>

<span>3. </span>
<span>Redo the company’s income statement at the 5,100-unit level of activity using the contribution format. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "£" sign in your response.) </span>

<span>Frankel Ltd. </span>
<span>Income Statement </span>
<span>For the Month Ended June 30 </span>
<span>Sales revenue 912900 </span>
<span>Variable expenses: </span>
<span>Cost of goods sold 346800 </span>
<span>Shipping expenses 5,100 x 13 = 66,300 </span>
<span>Commissions 5,100 x 40 = 204,000 </span>

<span>Contribution margin 295,800 </span>

<span>Fixed expenses: </span>
<span>Fixed shipping 19,900 </span>
<span>Insurance expenses 9000 </span>
<span>Depreciation expenses 42700 </span>
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7 0
2 years ago
The Charade Corporation is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable
katrin2010 [14]

Answer:

Correct answer is A.

<u>$14.38 per direct labor-hour</u>

Explanation:

If the budgeted direct labor time for December is 8,000 hours, then total budgeted factory overhead per direct labor hour is (rounded):

Total budgeted factory overhead for December= Variable Factory Overhead rate per direct labor hour *  budgeted direct labor time for December + Fixed Factory Overhead per month

Total budgeted factory overhead for December = 5*8000 + 75000

Total budgeted factory overhead for December = $ 115,000

Total budgeted factory overhead per direct labor hour = Total budgeted factory overhead for December/budgeted direct labor time for December

Total budgeted factory overhead per direct labor hour = 115000/8000

Total budgeted factory overhead per direct labor hour = 14.38

5 0
2 years ago
Finnegan is a limited partner in Gettout &amp; Associates, a local financial consulting company. Heywood U. Gettout is one of th
Harlamova29_29 [7]

Answer:

Cannot participate in the management                                

Explanation:

A limited partner refers to the company partner whose liability for the company's debts can not exceed the amount invested in the company by an individual. Limited associates are frequently termed silent partners.

A limited partner contributes money in return for partnership shares but has negligible voting weight over the management of the company and no direct presence in the enterprise.

8 0
2 years ago
Tomkin Library System issues $5 million in bonds on January 1, 2021 that pay interest semi-annually on June 30 and December 31.
Alona [7]

Answer:

10%

Explanation:

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semiannual annual interest rate=semiannual coupon payment/face value of the bond.

The face value of the bond is $5,000,000

stated semiannual rate of interest=$250,000/$5,000,000=5%

Stated annual rate of interest =semiannual rate of interest *2

stated annual rate of interest=5%*2=10%

The coupon rate quoted on Tomkin Library Systems is 10% per year

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Since the coupon rate is higher than the yield ,the bond was issued at a premium of $500,000 above its face value of $5 million

4 0
2 years ago
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