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Musya8 [376]
2 years ago
10

Major E. has just opened a cooking school focusing on basic meals for new cooks. Each student pays $15 per class and receives al

l the ingredients necessary to prepare dinner using the recipes demonstrated in the class. Major’s cost to provide the ingredients is $6 per student for each class. Major employs two assistants and pays each of them $1,200 per month. Major’s monthly salary is $1,800. The depreciation on equipment is $1,000 per month and utilities and insurance are $240 per month. Next month, Major plans to earn net income of $1,760. How many students does Major plan to enroll next month?
Business
1 answer:
Shalnov [3]2 years ago
7 0

Answer:

It will need to collect 800`s $15 class

Assuming 4 clases per month

200 student

Explanation:

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

15 - 6 = <em>9 Contribution Margin</em>

<em />

<em>Fixed Cost</em>

2 employee 2,400

mayor salari 1,800

equipment dep 1,000

utilities 240

Total fixed 5,440

\frac{Fixed\:Cost + Target\: Profit}{Contribution \:Margin \:Ratio} = Sales\: to\: Profit{dollars}

(5,440+1,760)/9 = 800

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Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct m
RSB [31]

Answer:

d. $1,540 F

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

= (Actual direct labor hours - standard direct labor hours) × variable overhead per hour

where,

Actual direct labor hours is 2,380

And, the standard direct labor hours equal to

= 5,200 units × 0.5

= 2,600 hours

Now put these values to the above formula  

So, the value would equal to

= (2,380 hours - 2,600 hours) × $7

= 1,540 favorable

5 0
2 years ago
A stadium has two sponsorship deals. Deal A has revenue of $100,000 and expenses of $10,000. Deal B has revenue of $50,000 and e
vladimir2022 [97]

Profit can be found by subtracting revenue from expenses.

The profit for Deal A is $100,000 - $10,000 = $90,000

The average profit as a percentage of revenue for the stadium for Deal A is Average profit divided by revenue multiplied by 100. That is 90,000/100,000 x 100 is 90%

The profit for Deal B is $50,000 - $20,000 = $30,000

The average profit as a percentage of revenue for the stadium for Deal B is Average profit divided by revenue multiplied by 100. That is 30,000/50,000 x 100 is 60%

8 0
2 years ago
Read 2 more answers
A company has the choice of either selling 1,000 unfinished units as is or completing them. The company could sell the unfinishe
professor190 [17]

Answer:

It is more convenient to sell the units unfinished by $500.

Explanation:

Giving the following information:

Units= 1,000

Unfinished:

Selling price= $4.00 per unit.

Complete:

Incremental costs= $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead

Selling price= $8.00 each.

We need to calculate the gross profit of each option and choose the more convenient:

Unfinished:

Gross profit= 1,000*4= $4,000

Complete:

Gross profit= 1,000*(8 - 4.5)= $3,500

It is more convenient to sell the units unfinished by $500.

5 0
2 years ago
Andreas is a political consultant with his own firm. he travels the country and provides campaign advice for political candidate
Rus_ich [418]

Bills accounting profit is equals to revenue ($250,000) minus explicit (monetary) cost (50,000 and 30,000), while his economic profit is equals to accounting profit minus implicit (opportunity) cost (3,000 and 100,000). Accounting profit is $170,000 and Economic profit is $67,000.

<span>Economic profit is always lower than accounting profit because explicit costs and implicit costs are both deducted to revenue. Implicit costs are cost that he should have earned if he gives up his present resources. These costs are projected cost and are not yet incurred.</span>

6 0
2 years ago
In this assignment, you will develop a more personalized understanding of the Balanced Scorecard concept and see how your vision
Lynna [10]

Answer:

My four smart goals includes the following: I want to become physically fit within the next 6 months so that I can run a full marathon in less than 4 hours,  want to become a senior manager in my current organization from my current role as a manager within the next 2 years so that I can lead a team of 2-3 managers, I want to become an adorable husband to my wife by spending more time with her and taking her on vacations in the next 12 months, I want to become a lovable dad to my son in the next 4 months so that I can spend more time with him and answer all his queries.

Explanation:

Solution

The following are my 4 SMART goals given below:

1.I want to become a senior manager in my current organization from my current role as a manager within the next 2 years so that I can lead a team of 2-3 managers.

2. I want to become physically fit within the next 6 months so that I can run a full marathon in less than 4 hours.

3. I want to become a lovable dad to my son in the next 4 months so that I can spend more time with him and answer all his queries.

4. I want to become an adorable husband to my wife by spending more time with her and taking her on vacations in the next 12 months,

Measurable :

1. I would start my training from tomorrow. Initially I would run 2 to 5 kilometres with walk breaks.

2. I would start talking to my boss next week to ask for additional responsibilities and also ask him to let me know what needs to be done to get promoted.

3. I would start coming from office early by being more efficient in office. I will take my son on walks or play with him for 1 hour daily.

4. I would come back from office on time and spend time with my wife after spending time with my son.

Attainable/Attainability:

1. I will talk to other marathoners about whether my goal is attainable. I will also research about it.

2. I will talk to my colleagues who are senior managers about how they got promoted.

3. I will talk to other dads about whether my goal is attainable.

4. I will talk to other husbands who are successful.

Realistic:

Timely:

I have given a time frame for attaining all these goals which is very important.

For implementing these goals, I will use the Plan-Do-Act-Dare cycle.

Since my objective is to become a well rounded person both in my personal and professional life, the above steps would help me in becoming that person.

The strategy diamond consists of:

1. Vehicles- Focused hard work

2.Differentiation- Being different from others.

3. Arenas-Professional and Personal

4. Staging-Speed of initiatives

5 0
2 years ago
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