The total revenue realized from the sales in Royal furniture company equals $1,875,500.
How do we prepare the sales budget?Royal Furniture Company
Sales Budget
For the Month Ending February 28
Product and Area Sales Volume Selling Price Total Sales
King:
Northern Domestic 610 780 475,800
Southern Domestic 340 780 265,200
International 360 850 306,000
Total 1,047,000
Prince:
Northern Domestic 750 550 412,500
Southern Domestic 440 550 242,000
International 290 600 174,000
Total 828,500
Total revenue from sales $1,875,500
2) Production Budget
Missing words ". Estimated sales of King and Prince chairs for February by sales territory:
Northern Domestic:
King 610 units at $780 per unit
Prince 750 units at $550 per unit
Southern Domestic:
King 340 units at $780 per unit
Prince 440 units at $550 per unit
International:
King 360 units at $850 per unit
Prince 290 units at $600 per unit"
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What is the contribution margin if the sales price per unit is $15,000, variable cost per unit is $10,000, and fixed costs are $2,000?
$5000 is the contribution margin. The contribution margin is the portion of a product's sales revenue that is not consumed by variable costs and is used to pay the firm's fixed expenses. The concept of contribution margin is a key component of break-even analysis.
Labor-intensive businesses with few fixed expenses tend to have low contribution margins, whereas capital-intensive, industrial businesses have more fixed costs and, thus, higher contribution margins.
It offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward paying the business' fixed costs. Profit is the amount that remains after fixed expenses have been paid.
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When using audio or video as a presentation aid, the speaker should do all of the following EXCEPT a. be sure the audience has already seen or heard the clip used. b. tell the audience what they will hear or see beforehand and discuss its significance afterward. c. cue the tape before the presentation. d. check to see if the material is copyrighted.
When using audio or video as a presentation aid, the speaker should do all of the following EXCEPT be sure the audience has already seen or heard the clip used.
To strengthen the message delivered to the audience, a speaker may use presentation aids in addition to speech words and delivery.
Visual presentation aids, such as images, diagrams, charts, graphs, maps, and the like, are the most common form used by speakers.
Presentation tools can serve a range of purposes, including:
enhancing audience comprehension of the information you are presenting, audience memory and retention of the message, adding diversity and interest to your speech, and enhancing your reputation as a speaker.Hence, When using audio or video as a presentation aid, the speaker should do all of the following EXCEPT be sure the audience has already seen or heard the clip used.
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The economic development of a country is dependent on all of the following except Part 2 A. improving education. B. limiting protectionism in the world economy. C. establishing a stable system of property rights. D. promoting protectionist barriers.
The economic development of a country is dependent on all of the following except promoting protectionist barriers. Hence, option D is correct.
What is Economic Development?
Economic and social development is the process through which the economic well-being and quality of life of a country, region, local community, or an individual are enhanced in accordance with specific aims and objectives, according to the economics study of the public sector.Although the phrase has been widely used in the 20th and 21st centuries, the idea has been around in the West for much longer.The terms "Westernization," "industrialization," and "modernization" are also frequently used when referring to economic progress. Prior to the 1960s, economic development programs tended to place more of an emphasis on infrastructure and industrialization than on reducing poverty.Know more about Economic Development https://brainly.com/question/22690298
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Ethanol, a biofuel derived from corn, is used in the production of both gasoline and pharmaceutical-grade hand sanitizer. During the pandemic, as the demand for gasoline plummeted, several producers of ethanol retrofitted their plants by purchasing new capital in order to produce a higher-quality ethanol, which could be used to make a medical-grade hand sanitizer. Future decisions about whether to produce ethanol for gasoline or for hand sanitizer – be informed by the – costs they incurred to retrofit their plant.
Future decisions about whether to produce ethanol for gasoline or for hand sanitizer would not be informed by the sunk costs they incurred to retrofit their plant.
What are sunk costs?
Sunk cost is a cost that has already been incurred and cannot be recovered. Sunk cost should not be considered when making future economic decisions.
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Differentiation on the basis of innovation and technological competency depends on the research and development function. Group of answer choices True False
True, Differentiation on the basis of innovation and technological competency depends on the research and development function.
Technology is the result of accumulated knowledge and the application of skills, methods, and processes used in industrial production and scientific research. Technology is embedded in the operation of all mechanical and electronic devices, with or without detailed knowledge of their function, for the intended purpose of an organization.
The technology of society consists of so-called systems. A system works by taking input, modifying that input through what is called a process, and producing a result that achieves the intended purpose of the system.
The earliest and simplest form of technology is the development of knowledge leading to the application of basic tools. The prehistoric invention of carved stone tools and the discovery of ways to control fire has increased the food sources available to humans.
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Investors rely on blank______ for information needed to make investment decisions. multiple choice question. the pcaob many sources management discussion and analysis fasb
Investors rely on many sources for information needed to make investment decisions.
To achieve the financial goals and objectives, investors use a variety of financial instruments to produce a return.
Stocks, bonds, mutual funds, commodities, and real estate are examples of investment securities. Investors differ from traders in a way because they adopt strategic positions in businesses or initiatives that can be used in long run.
Investors construct their portfolios using either an active approach that seeks to outperform the benchmark index or a passive approach that seeks to follow an index. Additionally, investors may have a preference for growth or value methods.
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Which two lines intersect at level of output the firm is supplying if that business is earning zero economic profits?
The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.
If the price which the firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.
Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.
Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.
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You are considering buying a store. in order to better assess your return on the investment, your expectations of the return should be based on:_______.
a. Days where sales are high, costs are low
b. Days where sales are low and costs are high
c. Days where both sales and costs are low
d. A weighted average of all the above scenarios
You are considering buying a store. in order to better assess your return on investment, your expectations of the return should be based on " A weighted average of all the given scenarios."
Return on investment (ROI) is a measure of performance which is used to evaluate the efficiency or the profitability of an investment or to compare the efficiency of many different investments.
Return on investment tries to measure the amount of return on a particular investment directly , which is in relation to the investment’s cost.
To calculate Return on investment, the benefits (or return) of an investment are divided by the cost of the investment. The result which is obtained is expressed as a percentage or a ratio of return on investment.
Therefore, the correct answer will be option (D)
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which of the following correctly explains the actions an agent should take if a customer wants to apply for an insurance policy
The action taken by the agent for the customer who wants to apply for the insurance policy should be to complete the application and review the information with the customer prior to obtaining the customer's signature, then send the application off to the insurance company.
What is a Insurance Policy?The insurance firm (the insurer) and the person(s), company, or other entity being covered have a legal agreement called an insurance policy (the insured). By reading your policy, you can make sure that it addresses your needs and that both you and the insurance provider are aware of your obligations in the event of a loss. Many insureds obtain a policy without fully comprehending what is covered, what is excluded from coverage, and what requirements must be satisfied before compensation will kick in in the event of a loss. The SCDOI wants to remind customers that thoroughly reading and comprehending your policy will help you steer clear of issues and disputes with your insurance provider in the case of a loss.The insurance agreement outlines the main commitments made by the insurance provider and details the coverage.
Therefore, The action taken by the agent should be to complete the application and review the information with the customer prior to obtaining the customer's signature, then send the application off to the insurance company.
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Amplify, Inc. was sued by Sound City for $50,000. Sound City feels very confident that it will win the case and will be awarded the full amount. Amplify, Inc. feels it is probable that it will lose the case and pay Sound City the full amount. Which of the following is correct
The correct option is (D) Amplify, Inc. would record a loss and contingent liability for $50,000, and Sound city would record nothing.
What is Sue?To take legal action against a person or organization, particularly by filing a legal claim for monetary damages as a result of some injury they have caused you.Example: He was so enraged by the letter's charges that he threatened to sue.Option A is correct, but not when compared to option D.
Option D appears to be the best solution.
Therefore, the correct option is (D) Amplify, Inc. would record a loss and contingent liability for $50,000, and Sound city would record nothing.
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Correct answer:
Amplify, Inc. was sued by Sound City for $50,000. Sound City feels very confident that it will win the case and will be awarded the full amount. Amplify, Inc. feels it is probable that it will lose the case and pay Sound City the full amount. Which of the following is correct?
(A) Amplify, Inc. would record a loss and contingent liability for $50,000.
(B) Sound city would record a gain a lawsuit receivable for $50,000.
(C) Sound city would record nothing.
(D) Amplify, Inc. would record a loss and contingent liability for $50,000, Sound city would record nothing.
True or False: The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets. True False
The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets. The given statement is true.
What do you mean by perfectly competitive markets?A perfect market, also known as an atomistic market, is defined by various idealizing conditions, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory.
A market structure where all suppliers are equal and overall supply and demand are in equilibrium is referred to as perfect competition in economics. Perfect competition exists, for instance, when multiple companies are producing a commodity and no one company has a competitive edge over the others.
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Many japanese car firms are willing to give up immediate profits for long-term penetration of the market. this is a pricing objective known as:_______
Many Japanese automakers are prepared to forgo short-term gains in exchange for market penetration over the long run. This price goal is referred to as managing for long-term profits.
What are the pricing objectives?The goals that direct how your company sets prices for your product or service are referred to as pricing objectives. Both new and existing customer pricing can and should follow these goals. The guidance provided by pricing objectives is essential for modifying prices over time to achieve your goals.
Pricing goals can include things like maximizing profits, boosting sales volume, matching competitors' prices, discouraging competitors, or even merely surviving. To successfully accomplish your company objectives, you must use a separate price-setting technique for each pricing purpose.
The overall pricing process is guided by the objectives or aims of pricing. Pricing starts with figuring out what your goals are.
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Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of
Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of barriers to entry.
What is monopoly?This is a market structure, where there is only one seller of a product and the seller can influence the price of the product.
Characteristics of a monopoly are:
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Do you agree that Project Integration knowledge domain is the most important domain for project managers
Yes, the project Integration knowledge domain is the most important domain for project managers.
What is project Integration?The subject area of project integration management coordinates all components and elements of a project to guarantee successful completion and stakeholder satisfaction. It is made up of five processes: Create a project charter. Create a project management plan.The project integration area also covers project work direction and management, which is the creation of project deliverables. This process is tracked, analyzed, and reported in order to detect and control any changes or problems that may arise. Change control will also be performed.The most significant knowledge domain for project managers is project integration.So yes, the project Integration knowledge domain is the most important domain for project managers.
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Are there any organizational benefits to proactively minimizing burnout? how about any economic benefits for countries?
Answer:
the reduce turnover costs by 24 percent to 32 percent of annual payroll, soooo yeah.
Explanation:
Valuing cash flows with infinite growth in the dividend discount models (DDMs): a. cannot be calculated because growth to infinity is immeasurable b. may only be calculated if growth is 3.0% or less c. may not be calculated using any DDM unless growth is less than the discount rate d. will include the value of dividends received far in the future even though they may have PVs close to zero
Option C is correct. Valuing cash flows with infinite growth in the dividend discount models (DDMs may not be calculated using any DDM unless growth is less than the discount rate.
How do you value cash flows?In order to carry out the value of cash what a person has to do would be to get the present value of the cash in the flow and then add them up.
Hence the answer to the question that we have here is option C. Valuing cash flows with infinite growth in the dividend discount models (DDMs may not be calculated using any DDM unless growth is less than the discount rate.
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Recent surveys have demonstrated that americans are willing to forego technological innovation and the availability of new technology in favor of universal health insurance coverage.
a. True
b. False
Recent surveys have demonstrated that Americans are willing to forego technological innovation and the availability of new technology in favor of universal health insurance coverage
This statement is false.
Universal health coverage means that all the people should have access to the health services which are needed by them. It also includes the full range of essential health services, including from health promotion to treatment, prevention, palliative care and rehabilitation.
Universal health coverage should always be based on strong, and primary health care. Good health systems generally have roots in the communities which are served by them.
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If a contingency in a purchase agreement is not fulfilled despite a good faith effort to fulfill it, the party who benefits from the contingency may?
If the purchase agreement is not fulfilled or if the contingency isn't always fulfilled, terminate the settlement or eliminate the contingency and complete the acquisition besides.
There are contingencies in nearly every actual estate contract. they are there to guard the buyer and the vendor. If the contingencies aren't met, there might be a breach inside the settlement, and the transaction may want to fail to shut.
The contingency specifies a release date on or before which the purchaser ought to notify the vendor of any troubles with the appraisal. otherwise, the contingency might be deemed happy, and the customer will now not be able to back out of the transaction.
A buy settlement is a sort of agreement that outlines phrases and conditions associated with the sale of products. As a legally binding agreement between customer and vendor, the agreements commonly relate to buying and promoting goods in place of offerings. They cover transactions for nearly any sort of product.
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The general term used to indicate delaying the recognition of an expense already paid or of a revenue already received is
deferral is the answer.
A deferral in accrual accounting is an account on which income or expenses are recorded at a later date. Pensions, surcharges, taxes, income, etc. Accruals and deferrals can be viewed as either assets or liabilities, depending on the type of accrual. See also boundaries.
deferral means money paid or received before the product or service is offered. Here is an example of postponement: Insurance fee. Subscription-based services (newspapers, magazines, TV shows, etc.) Prepaid rental.
deferral is a payment made in one accounting period but not reported until the next accounting period. For example, if you made a payment at the end of the year but did not report until the new year, this will be postponed.
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Which performance appraisal error reflects the tendency to rate every employee at the low end of the rating scale, regardless of actual performance?
"Errors of strictness" reflects the tendency to rate every employee at the low end of the rating scale, regardless of actual performance.
What are the mot common types of performance appraisal error?below mentioned are some of the common types of performance appraisal error.
PartialityPartiality is "the fact that information is incorrect as a result of the method employed to gather or convey it," according to the dictionary. This can also occur during performance reviews when, consciously or unconsciously, the appraiser takes a stand for or against the subject of the evaluation.
StereotypingStereotyping is a concept, idea, or model that is applied to individuals or groups over time. These clichés are typically used to categorize someone, and we instinctively presume that they have the same features as the other members of this group.
StrictnessOne of the most frequent mistakes in a performance review is the strictness. This occurs when an appraiser extrapolates one of the employee's attributes to encompass all the other factors that are being looked at.
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The retailing practice of integrating customer experiences across the physical and online channels is referred to as
The retailing practice of integrating customer experiences across the physical and online channels is referred to as Omni-channel retailing.
What is Omnichannel Retailing?
Omni-channel retailing describes a model in which clients are able to interact with multiple sales and media channels at once, and have their information retained by the retailer as they move between them.
For example, omni-channel retailing allows your clients to browse on a desktop, compare prices on a mobile device, then visit your brick-and-mortar location to finalize a purchase — all without having to restart their customer journey. The omni-channel retailing links together all channels, combining the showroom and the website to create a single, unified experience.
Therefore, we can conclude that the correct option is B. The retailing practice of integrating customer experiences across the physical and online channels is referred to as Omni-channel retailing.
Your question is incomplete, but most probably your full question was:
A. full-service retailing.
B. omni-channel retailing.
C. digital retailing.
D. multi-channel merchandising.
E. scrambled merchandising.
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Setting standards, measuring performance, and comparing performance to standards are the:_____.
Setting standards, measuring performance, and comparing performance to standards are the parts of controlling.
Control is a management function that aids in error detection and the implementation of corrective measures. This is done to reduce departure from standards and make that the organization's stated goals are met in the desired way.
Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates. The managing function aids in tracking advancement toward corporate objectives, identifies deviations, and suggests necessary remedial action.
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Millions of financial transactions, including buying and paying for consumer goods, make up the American]
Millions of financial transactions, including buying and paying for consumer goods, make up the American economy
How is the US economy doing 2022?
The Federal Reserve will implement its rate-tightening strategy to combat inflation, which will cause the US economy to weaken in 2022 and 2023 but "narrowly avoid a recession," according to the International Monetary Fund.
Why American economy is so strong?
Natural resources in large quantities, a sophisticated infrastructure, and high productivity drive the economy of the country. Despite varying estimations from different sources, it has the second-highest overall estimated value of natural resources, valued at US$ 44.98 trillion in 2019.
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Which economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather than market-oriented production), and centralized decision making
An economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather than market-oriented production), and centralized decision making is called "command economy (socialism)."
What is command economy (socialism)?A form of command economy is socialism. The majority of the production factors, including land and capital goods, are owned and under the jurisdiction of the state.
Key features of command economy are-
A populist economic and political structure, socialism is founded on the common, collective, or public ownership of the means of production. The equipment, resources, and manufacturing facilities utilized to create products that are intended to directly meet human needs are among those means of production.The state uses central planning. The state maintains centralized control over the production of products and services, as well as their prices and distribution.While free-market economies have historically been identified with capitalism and democratic countries, command economies have historically been connected with socialist and communist countries.Socialism the best economic system because-
Theoretically, socialism aims to create the greatest amount of common wealth through public benefits.Since the government oversees the majority of societal activities, it can utilize resources, labor, and lands more efficiently.Socialism lessens wealth disparity not only between different regions but also between all social classes and ranks.To know more about command economy, here
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What is the major difference between a corporation and other kinds of businesses?
The major difference between a corporation and other kinds of businesses. Many, if not all, companies are joint-stock companies and vice versa. The company or other company may attempt to be incorporated. As a company, the company exists as a legal entity separate from the owner. Best of all, this means that the owner cannot be held liable for the company's debt.
A corporation is an entity owned by shareholders who elect a board of directors that oversees the activities of the organization. A company is responsible for its actions and finances, but its shareholders are not.
Unlike sole proprietorships, corporations are subject to limited liability.
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The simple rate of return focuses on accounting net operating income rather than on cash flows. Group starts
Simple returns focus on accounting for net operating income, not cash flow. The simple method of revenue focuses on cash flow rather than accounting for net operating income.
A simple rate of return is calculated by subtracting the initial value of the investment from the current value and dividing it by the initial value. To output as%, multiply the result by 100.
Under the simple rate of return method, a dollar you receive 10 years later is considered to be worth the $ 1 you receive today. Therefore, the simple yield method can be misleading if the alternative cash flow patterns under consideration are different.
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Your question is incomplete. please read below to find the full content.
The Simple Rate Of Return Focuses On Accounting Net Operating Income Rather Than On Cash Flows.
A) TRUE
B) FALSE
A mutual fund had year-end assets of $560,000,000 and liabilities of $26,000,000. There were 23,850,000 shares in the fund at year end. What was the mutual fund's Net Asset Value
The mutual fund's Net Asset Value was $223.90
What Is Mutual Fund NAV?The market value per share of a mutual fund is represented by its net asset value (NAV). It is the price at which investors purchase fund shares from a fund company (bid price) and sell them to a fund company (redemption price).
The total worth of all the cash and securities in a fund's portfolio, less any liabilities, is divided by the number of outstanding shares to arrive at the fund's NAV.
The mutual fund's Net Asset Value is given as:
= ($560,000,000-$26,000,000)/23,850,000
=$534,000,000/23,850,000
= $223.8993710691823
Rounding off to 2-decimal places we get:
=$223.90
Hence, the mutual fund's Net Asset Value was $223.90
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To support the other promotional efforts, firms use ________ to generate free media attention.
In order to support other promotional methods, firms would try to generate free media attention using Public Relations.
What is the use of public relations?Public relations is used by companies to talk about recent developments such as new products.
This therefore generates free media attention that can then be augmented by, or augment other promotional efforts such as television ads.
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With regard to business definition, railroads may have lost business because they:
With regard to business definition, railroads may have lost business because they defined their business too narrowly.
Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.
The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.
The primary engines used in the United States of America had been bought from Stephenson Works in England.
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Employees who get things done using an organization's financial resources, information, equipment, and workers are?
Employees who get things done using an organization's financial resources, information, equipment, and workers are managers
An employee is someone who receives compensation to work for an individual or company. Workers do not have to work full-time to be considered employees. You only have to pay for the work from your employer (the payer or company).
"Employee" is a single possessive case and is owned by an individual employee. If you have multiple employees, we call them "employees" and use the genitive plural "employee" to refer to those owned by multiple employees.
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