Danube Company pays Salim a straight commission of 25% on the net sales. In June, Salim had net sales of OMR 56,000. The company gave Salim an OMR 678 draw in May. Calculate Salim’s gross pay. a. 13322 b. 13567 c. 12422 d. 12322
Q: Q3. From the following data about Firm A, calculate "Net Value Added at Market Price' by it: (7 in…
A: Value addition refers to an improvement in the product such that it is able to provide a better…
Q: Calculate Gross value added at factor cost if :- Sales = $44,000 Change in stock = $10,000…
A: The information being given is as follows:- Sales = $44,000 Change in stock = $10,000 Purchase of…
Q: 16.Calculate Net Value Added at Factor Cost from the following data S.No. Contents (in lakhs) (1)…
A: Formula for Net Value Added at factor cost = sales + change in stock – depreciation – Intermediate…
Q: Calculate the value of output if sales are $13000 million and change in stock is $8800
A: The information being given is:- Sales = $13,000 million Change in stock = $8800 million We have to…
Q: pls give a problem and solution about annuity and with a proper explanation it would be presented in…
A: An Annuity An annuity is a financial institution-issued and distributed insurance contract that…
Q: Suppose MPC of John is 3/4 if his breakeven occurs at 7000 how much John needs to borrow if his…
A: The consumption function is written as: C= a+bY Here, a is autonomous consumption b is MPC The…
Q: Calculate sales from the following:- Net value added at FC = 300 Net addition to stocks = -20…
A: According to the above question, we are given that:- Net value added at FC = 300 Net addition to…
Q: If sales are given to be as $1000 Million and change in stock is $300 million Find value of output
A: According to the above given question, the given information is as follows:- Sales in the economy =…
Q: Gita is an auto mechanic and runs a small repair shop. She hires one mechanic at $20,000 per year,…
A: An economic profit is the difference between the revenue a commercial entity has received from its…
Q: Net rental revenue is calculated by subtracting lost revenue from gross potential rent. true or…
A: The sum somebody pays you to utilize your property, after you take away the costs you have for the…
Q: 3. Today is a great day for Stephanie. She played the MegaBillions lottery and won $25. In addition,…
A: The value function of Stephanie will help us determine which commodity or group of commodities does…
Q: n June 2009 the BLS reported an adu employment of 141.6 million. Based o Select one: a. 141.6/154.…
A: * SOLUTION :- The OPTION D ( 154/ 234.9) is correct answer.
Q: Labor Total Product Marginal Product Average Prod 0 1 2 345 6 7 8 0 Blank 1 25 Blank 5 Blank 7 Blank…
A: Total Product refers to the total output produced by a firm. Marginal Product refers to the…
Q: Upon graduating accounting degree, you open your own accounting firm of which you and your assistant…
A: Operating profit = revenue - accounting costs = revenue - rent & supplies - salary = 120,000 -…
Q: Calculate sales from the following:- Net value added at FC = 600 Net addition to stocks = -40…
A: The information given is as follows:- Net value added at FC = 600 Net addition to stocks = -40 Sales…
Q: 12. Excise tax is a part of A. O Fixed cost В. Variable cost C. O Implicit cost D. O Is not a part…
A: Variable cost (VC): - it is the total value of the cost incurred in the employment of variable…
Q: Sita is an auto mechanic and runs a smal repair shop. She Per year, pays a monthly rent of $5,000…
A: Accounting profit, also referred to as bookkeeping profit or financial profit, is net income earned…
Q: 17 Francine, Albert, George and Connie each contributed $3,000 to a spousal RRSP. Which of them will…
A: Known as Registered Retirement Savings Plan in Canada, the RRSP is the facility to save money for…
Q: 4. The roots of an auxiliary equation are r 3+i, 2,-2. Write the corresponding homogeneous…
A: A homogeneous differential equation is the power of degree equal to 1. It means the equation is of…
Q: Upon graduating with an accounting degree, you open your own accounting firm of which you and your…
A: Total revenue=$120,000 Cost=50000+30000=80,000
Q: 32, 54, 47, 78 and 58 respectively. Suppose a business executive rning Rs. 2,050 in the base period.…
A: A typical cost for basic items list is a hypothetical value record which is called cosy of living…
Q: If value of output is $310 million and sales is $270 million Find the change in stock
A: The data presented in the question is as follows:- Value of output = $310 million Sales = $270…
Q: Announcers present music, news, and sports, and may provide commentary or interview guests about…
A: The median annual wage for announcers in May 2014 = $29,010 Wage of newscaster = $33,900 Amount to…
Q: Which term is used to describe the net value of one's accumulated assets? O a) income O b) capital…
A: Accumulated assets or asset accumulation is building wealth over time by earning, saving and…
Q: If change in stock is $1500 million and value of output is $3200 Calculate total sales
A: The information being given is:- Change in stock = $1500 million Value of output = $3200 million…
Q: The notion of compound interest means that a) any amount you borrow will accumulate more and more…
A: Interest refers to the cost on the borrowed money or it can also be understood as a reward on…
Q: Suppose that a business incurred implicit costs of $400,000 and explicit costs of $4 million in a…
A: Answer: Accounting profit = Total revenue - Explicit cost Total revenue=Price×quantityTotal…
Q: 93 is a famous singer and is planning for opening a coffee shop in Hung Hom. To finance his…
A: Explicit costs are out-of-pocket expenses whereas implicit costs are opportunity costs.
Q: For your first assignment at your new construction company, you are asked to make a rough estimate…
A: The previous rink cost = $6 million The size of previous rink = 52000 square feet CPI of 2015 =…
Q: The ending inventory of work in process is: a. $219,250 b. $73,250 $65.000
A: The monetary value of goods remaining at the end of the year with a company is called ending…
Q: The American company produces cars in the territory of Russia. To do this, R imports auto parts…
A: Gross Domestic Product is the total monetary value of the finished goods and services that are…
Q: Calculate the value of gross value added at factor cost with given information:- Sales = $200…
A: The values given in the question are:- Sales = $200 Change in stock = $40 Purchase of raw material…
Q: 1. Investment Problem Cost of bldg.. -5M Gross Revenue = 9.5 M Operating expense = 4M Nominal…
A: In the study of economics, profit maximization refers to the short run or long run process which is…
Q: A firm with 100 workers produces 1000 units a month with fixed capital depreciation costs of…
A: Constant Capital refers to the aggregate value the capital required for total factors of production…
Q: 13) Derek, an accountant, allocates the cost of a piece of earth-moving equipment over a specific…
A: Appreciation is the increase in the value of one currency with respect to another currency. Since…
Q: The ABC Stereo Company had a capital stock of €24 million at the beginning of the year. At the end…
A: Capital stock or investment in the beginning of year = 24 Million Capital stock at the end of year =…
Q: 58. Economic rent can accrue to A. O Land only
A: To find : Economic can rent accrue to.
Q: Taylor's nominal income is $50,000 per year in Acity where the cost-of-living index is 200. Taylor…
A: The purchasing power of a consumer refers to the value of money in his/her hands. It reflects the…
Q: termining Gross Profit uring the current year, merchandise is sold for $8,100,000. The cost of the…
A: For households and individuals, gross income is the sum of all wages, salaries, profits, interest…
Q: 9078 ASily of To Identify the profit maximizing OutPur level in the tabl. MC MR 10 2 10 10 7. 8. 9…
A: Condition for Profit maximization is that marginal revenue equals marginal cost. MR = MC
Q: 13. Calculate value of output from the Following data S.No. Contents (in crores) (i) Net Value Added…
A:
Q: 63. A factor of production, whose supply is fixed in the short tun, may get additional earnings.…
A: Earnings: It refers to the profit or the level total money that is earned by the producer. The…
Q: Given sales are $5000 and the change in stock is $2000 Find value of output
A: The data presented in the question above is:- Sales = $5000 Change in stock = $2000 Value of output…
Q: Mr. R is working from7:30 AM to 3:30PM including lunch break for 5 days every week in jewelry design…
A: [Since more than 1 question are posted, only 1st one is answered as per answering policy]…
Q: 3. Company A produces bearing balls. With recent increase in cost and flat sale, the company want to…
A: Productivity is calculated by Single Factor Productivity as Productivity = Output/Inputs…
Step by step
Solved in 2 steps
- Tamarisk, Inc. reported net sales $880.000: cost of goods sold $572.000: operating expenses $231.000: and net income $74,800. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%) Profit margin Gross profit rateThe price of bauxiteincreased to its highest level due to conditions which impacted supply. Historically, bauxite has traded at between 1500 and 1600 USD per tonne. But the price increased to over 1900USD in November 2020. Growing demand in Canada for bauxite to be turned into aluminium, coupled with a sharp fall in Jamaican production have both been factors in the price increase. Bauxite production in Jamaica for 2017-18 fell 65% year-on-year due to flood conditions causing damages as well as increased competition. The London Metal Exchange predicts that global consumption of bauxite is likely to be greater than production by 20 million tonnes next year. In the US, companies in the steel and petrol industry have put pressure on the US government to relax import controls, warning that otherwise they might run out of bauxite. Commentators predict that most steel and petrol producers will be unaffected because bauxite is such a small part of their spending. a. Explain, using supply and…C-town brewery brews two beers: Expansion Draft and Burning River. Expansion draft sells for $14 per barrel while Burning River sells for $10 per barrel. Producing a barrel of Expansion Draft takes 5 pounds of corn and 8 pounds of hops. Producing a barrel of Burning River requires 2 pounds of corn, 8 pounds of rice, and 7 pounds of hops. The brewery has 770 pounds of corn, 490 pounds of rice, and 320 pounds of hops. Assuming a linear relationship, use the Excel Solver to determine the optimal mix of Expansion Draft and Burning River that maximizes C - town's revenue. Decision for expansion draft Decision for burning river Total sales Resources Used Corn Rice Hops
- Chelsea Menken, of Providence, Rhode Island, recently graduated with a degree in food science and now works for a major consumer foods company earning $70,000 per year with about $54,000 in take-home pay. She rents an apartment for $1,200 per month. While in school, she accumulated about $38,000 in student loan debt on which she pays $385 per month. During her last fall semester in school, she had an internship in a city about 100 miles from her campus. She used her credit card for her extra expenses and has a current debt on the account of $7,000. She has been making the minimum payments on the account of about $240 a month. She has assets of $14,000. D a. Calculate Chelsea's debt payments-to-disposable income ratio. Round your answer to two decimal places. b. Calculate Chelsea's debt-to-income ratio. Round your answer to two decimal places. c. Comment on Chelsea's debt situation and her use of student loans and credit cards while in college.Aoife has been working as a nurse in the local public hospital and earning an annual salary of €40,000. Due to increasing property prices, she decides to set up her own estate agency business. Aoife’s business expenses in the first year will include a €16,000 salary for a part-time administrator, €1,000 for various supplies, €3,000 in advertising and €5,000 to rent an office. For the rent, Aoife will use her own savings on which she was earning interest of 5% annually. Aoife is paid the difference between revenue and business expenses. Aoife’s implicit cost in the first year of setting up her own business is €16,000 €24,250 €40,000 €40,250 €75,000 What revenue would Aoife’s business have to earn in the first year in order for Aoife to be better off by €30,000relative to working as a nurse? €70,250 €95,250 €102,500 €55,000 €95,000Tyre presently rents and uses 7000 square meters of warehouse space for $2700 a month. It has the option of reducing the rented space to 2000 square meters, in which case the monthly rent would be $1000 a month. Furthermore, Tyre could cease renting warehouse space entirely. Tom Clay, the Tyre Corp. plant engineer, is considering three alternatives: 1. Buy the new warehouse and lease half the space to the Johnson Company. In turn, the Tyre-rented space would be reduced to 2000 square meters. 2. Buy the new warehouse and cease renting any warehouse space. 3. Continue as is, with 7000 square meters of rented warehouse space.
- Question Eleven Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GH¢ 550.00 as income tax to the govemment of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GH¢ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, Ay respectively. [Hint: change in X due to change in Y is given as ax ]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin. b) Suppose the Govemment of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and…Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GH¢ 550.00 as income tax to the government of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GH¢ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, respectively. [Hint: change in X due to change in Y is given as Ax]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin. b) Suppose the Government of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and quantities of Quin. c)…Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GHȼ 550.00 as income tax to the government of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GHȼ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, respectively. [Hint: change in X due to change in Y is given as ]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin . b) Suppose the Government of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and quantities of Quin. c)…
- QUESTION 1: When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer-rig. Recently, Burton was boasting some follows truckers that his revenues were typically $35,000 per month, while his operating costs (fuel, maintenance, and depreciation) amounted to only 18,000 per month. Tractor trailer rigs identical to Burton's rig rent for $15,000 per month. If Burton was driving for one of the competing trucking firms, he would earn $5,000 per month. All underlying work must be shown. A) How much is Burton's accounting cost? a) $18,000 b) $35,000 c) $33,000 d) $20,000 B) How much is Burton's economic cost? a) $18,000 b) $38,000 c) $20,000 d) $55,000 C) How much is Burton's economic profit? a) $17,000 b) $20,000 c) -$3,000 d) $15,000 D) What should Burton do? Should he stay in his trucking business or rent the rig and start working for the competing trucking company? Briefly explain. E) What is the minimum Burton should earn…Any shopping mall has so- shopping mall called common areas: hallways, food courts, kids play areas, and so on. A ? shopping mall owner splits the total annuals expenses for the common area maintenance (CAM) between all tenants: anchor stores and in-line tenants. Because anchors bring a lot of customers into the mall, it is customary to charge them a relatively low CAM charge per square foot per year on top of their base rent. Calculate the CAM charge per square foot per year that the in-line tenants are required to pay on top of their base rents.Emarpy Appliance produces all kinds of major appliances. Richard Feehan, the president of Emarpy, is concerned about the production policy for the company’s best-selling refrigerator. The demand for this has been relatively constant at about 8,000 units each year. The production capacity for this product is 200 units per day. Each time production starts, it costs the company $120 to move materials into place, reset the assembly line, and clean the equipment. The holding cost of a refrigerator is $50 per year. The current production plan calls for 400 refrigerators to be produced in each production run. Assume there are 250 working days per year. (a) What is the daily demand of this product? (b) If the company were to continue to produce 400 units each time production starts, how many days would production continue? (c) Under the current policy, how many production runs per year would be required? What would the annual setup cost be? (d) If the current policy continues, how many…