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2 years ago

Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of

Business

1 answer:

Liula [17]2 years ago

5 0

Answer:

manufacturing organization

Explanation:

This is an example of a manufacturing organization. This is an organization that focuses on gathering all of the necessary ingredients, which are then placed in a specific process to which combines them to make a unique product. This product is then sold to other companies or individual customers to generate profit for the company. This is exactly what Black Diamond does in order to produce outdoor equipment.

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You can now sell 40 cars per month at $20,000 per car, and demand is increasing at a rate of 3 cars per month each month. What i

MArishka [77]

Answer:

More than $1500 price per car per month has to be dropped.

Explanation:

Given:

price per car = $20,000

car sale per month = 40

rate of increase in demand = 3

Solution:

Revenue R = Price × Quantity = P * Q

From the above given data

P = 20,000

Q = 40

R = P*Q

dQ/dt = 3

We have to find the rate at which the price is to be dropped before monthly revenue starts to drop.

R = P*Q

dR/dt = (dP/dt)Q + P(dQ/dt)

= (dP/dt) 40 + 20,000*3 < 0

= (dP/dt) 40 < 60,000

= dP/dt < 60000/40

= dP/dt < 1,500

Hence the price has to be dropped more than $1,500 before monthly revenue starts to drop.

3 0

2 years ago

Read 2 more answers

After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes

Sauron [17]

The correct answer is A) alignment.

After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes clear that the budget given in the plan is far lower than the marketing team had determined it would need. This mistake is likely a result of a lack of alignment.

This means that the marketing manager did not respect the parameters originally indicated. His numbers did not align with the necessities of the plan, which means that he did not take into consideration some important factors that at the end, affected the end result of the budget.

7 0

2 years ago

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T

Zepler [3.9K]

Answer:

revenue recognized

2018 = $2,800,000

2019 = $4,500,000

2020 = $2,700,000

gross profit

2018 = $616,000

2019 = $990,000

2020 = $383,400

Explanation:

Percentage of 2018 2019 2020

completion method

Cost incurred in $0 $2,184,000 $5,694,000

previous year

+ Cost incurred $2,184,000 $3,510,000 $2,316,600

during the year

Total cost incurred $2,184,000 $5,694,000 $8,010,600

+ Estimated cost to $5,616,000 $2,106,000 $0

be incurred

Total estimated cost $7,800,000 $7,800,000 $8,010,600

to be incurred

Percentage of 28% 73% 100%

completion

Total revenue $10,000,000 $10,000,000 $10,000,000

Total revenue $2,800,000 $7,300,000 $10,000,000

recognized (% of completion x total revenue)

- Revenue recognized ($0) ($2,800,000) ($7,200,000)

in previous year

= revenue recognized $2,800,000 $4,500,000 $2,700,000

in current year

gain/loss 2018 2019 2020

Revenue $2,800,000 $4,500,000 $2,700,000

- Cost incurred ($2,184,000) ($3,510,000) ($2,316,600)

Gross profit $616,000 $990,000 $383,400

8 0

2 years ago

Main Street Antiques is planning on paying an annual dividend of $2.20 per share next year. The company is slowly downsizing and

goldenfox [79]

Answer:

The current value of this stock should be $20.

Explanation:

The current value of this stock should be calculated by applying the formula to find present value of growth perpetuity. The formula is shown as below:

Stock price = D1 / ( Rate of required return - Growth rate of annual dividend)

in which: D1 = next year dividend = 2.20;

Rate of required return = 8%;

Growth rate of annual dividend = -3%.

So, Stock price = 2.2 / [8% - (-3%) ] = $20.

So, the answer is: the current value of this stock should be $20.

5 0

2 years ago

Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1

Alik [6]

Answer:

See the explanation below:

Explanation:

a. Create an accounting equation and record the effects of each accounting event under the appropriate general ledger account headings.

Assets = Liabilities + Stockholders' Equity ......... (1)

Cash is a component of Asset, therefore the transaction will affect assets or cash as follows:

Asset: + $28,600, - $13,200, - $1,500

Cash balance = Asset = $28,600 - $13,200 - $1,500 = $13,900

Retained Earnings is a component of Stockholders' Equity , therefore the transaction will affect Stockholders' Equity or Stockholders' Equity as follows:

Retained Earnings; + $28,600, - $13,200, - $1,500

Retained Earnings = $28,600 - $13,200 - $1,500 = $13,900 = Stockholders' Equity

Liabilities = 0. This is because the three transactions does not affect liabilities

Substituting the values into the equation (1), we have:

$13,900 = 0 + $13,900

b. Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet.

1. Income statement

Details Amount ($)

Revenues 28,600

Expenses (13,200)

Profit 15,400

Dividend (1,500)

Retained earning 13,900

2. Statement of changes in stockholders' equity

Details Amount ($)

Common stock 0

Retained b/f 0

Retained earning for the year 13,900

Stockholders' equity 13,900

3. Balance sheet.

Details Amount ($)

Assets

Cash 13,900

Other assets 0

13,900

Stockholders' equity

Common stock 0

Retained earning 13,900

13,900

c. Explain why the income statement uses different terminology to date the income statement than is used to date the balance sheet.

The reason is the income statement shows the performance of a company during a particular period, while the balance sheet shows the assets and liabilities of the company at a specific point in time.

7 0

2 years ago