answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marta [7]
2 years ago
15

Morgan Technologies sells a single product at $20 per unit. The firm's most recent income statement revealed unit sales of 100,0

00, variable costs of $800,000, and fixed costs of $400,000. If a $4 drop in selling price will boost unit sales volume by 20%, the company will experience:
Business
1 answer:
AlladinOne [14]2 years ago
7 0

Answer:

income will decrease by $240,000 or 30%

Explanation:

current income:

revenue = $2,000,000

variable costs $800,00

fixed costs $400,000

operating income $800,000

income after change:

revenue = $1,920,000

variable costs $960,00

fixed costs $400,000

operating income $560,000

income will decrease by $240,000 or 30%

You might be interested in
Unhealthy company cultures typically have such characteristics as:__________.A) tight budget controls,overly strict enforcement
Semenov [28]

Answer:

C) a politicized internal environment,hostility to change and an aversion to looking outside the company for best practices,new managerial approaches,and innovative ideas.

Explanation:

Unhealthy company cultures typically have such characteristics as <em>a politicized internal environment,hostility to change and an aversion to looking outside the company for best practices,new managerial approaches,and innovative ideas.</em>

4 0
2 years ago
Companies using LIFO are required to disclose the amount at which inventory would have been reported had it used FIFO. Similarly
Irina-Kira [14]

Answer:

True

Explanation:

LIFO is in fact, only allowed to be used in the United States, because under the new IFRS (International Financial Reporting Standards), the used of LIFO has been prohibited.

The reason for this, is that LIFO inflates the value of inventory, because the (usually) lower cost of old inventory is what is reported.

This is why companies using LIFO are obliged to report the hypothetical value of the inventories had they used FIFO.

8 0
2 years ago
Blue Ice Inc. is an American corporation. The company started out as a 1. ____ between Nick Selver and Rita Andrew in 1985. In 2
Andrei [34K]
1) Partnership. Nick Selver and Rita Andrew began the company as a partnership. 
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market. 
6 0
2 years ago
Tom and cindy lewis are buying a house with a $300,000 sales price and their ltv will be 80%. assume that they paid no originati
dlinn [17]

Answer: Tom and Cindy paid 1.5 discount points.

House Value = $300,000.

Loan-to-Value Ratio (LTV) = 80%

Since LTV is 80%, the total loan (mortgage) value is :

Mortgage Value = House Value * LTV

Mortgage Value = $240,000 (300,000*0.80)

In the real estate context, a point refers to one percent (1%) of the mortgage amount. There is no rule that these points should be in whole numbers.

We can find the number of points paid as follows:

No. of points paid = (Value of points in dollars /Value of mortgage) *100

No. of points paid = (\frac{3600}{240000} )* 100 [/tex][tex] No. of points paid = 1.5 points.

There are two types of points:

  1. Discount Points: are actually pre-paid interest on the mortgage loan, and help in lowering the interest rate on the mortgage.
  2. Origination points : help in covering the costs incurred by the lender in processing the loan.
7 0
2 years ago
Scott and his partner, Greg, have decided to update their computer network, although they have no expertise in this area. During
sweet [91]

Answer:

E. Rational decision making.

Explanation:

Rational decision making: It is a process of decision making that involve multi steps process of analysis, logic and knowledge of expert for decide on alternative. It does not favor insight or subjectivity in the process of decision making. Identifying a few possible courses of action is the first step involved in the rational decision-making process.

Steps that followed in rational decision making:

  • Define the problem.
  • Identify the decision criteria.
  • Allocate weights to the criteria.
  • Develop the alternatives.
  • Evaluate the alternatives.
  • Select the best alternative.

In the given case, during a meeting with Greg, Scott said "Our decision is limited by numerous constraints, such as our understanding of the complexity of technology, time and money, imperfect information, and our conflicting goals.", which are hindrance to Rational decision making.

4 0
2 years ago
Other questions:
  • Sandra has two credit cards, P and Q. Card P has a balance of $726.19 and an interest rate of 10.19%, compounded semiannually. C
    7·2 answers
  • A simple index of three stocks opens the day with these values:
    11·2 answers
  • Customer complaints and terrible ratings for customer service let sprint know it had a problem. these are examples of _____ cont
    11·1 answer
  • Sommer, Inc., is considering a project that will result in initial aftertax cash savings of $1.75 million at the end of the firs
    7·1 answer
  • Your grandmother tells you a dollar doesn’t go as far as it used to. She says the “purchasing power” of a dollar is much less th
    13·1 answer
  • Ramiro has been a forklift driver for the local grocery store for six years. He earns $32,000 a year. He works with a nice crew.
    7·1 answer
  • When Looking Glass Corporation wishes to issue certain securities, it must provide sufficient infor­mation for Alice, and other
    15·1 answer
  • A Production Facility has produced 515,000 products and would like to allocate these products to their customers. Given the foll
    8·1 answer
  • The relationship between financial leverage and profitability   Pelican​ Paper, Inc., and Timberland​ Forest, Inc., are rivals i
    6·1 answer
  • The cost to manufacture one unit of Killian Audio Products' best-selling hearing aid, the Zone, is $67.50. The CFO of the compan
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!