Karan works at a shoe store where the latest trends in shoes are displayed. Down the road from his store, two more stores opened

A. $1,737.82 Explanation: Profit is calculated as revenue minus cost. As this is a quadratic equation, the maximum profit is determined as the vertex of the function: -b/2a = -665.75/(2*(-11.3)) = -665.75/-22.6 = 29.46. At this value, the profit formula reaches its peak yielding approximately 1737.81992.

Answer:

The calculations are presented below:

Explanation:

1.                       FIFO    LIFO Average cost  

Cost of goods sold      

Beginning inventory       $11,200      $11,200  $11,200

(400 units ×  $28)                          

Purchases                       $16,625    $16,625   $16,625

(475 units × 35)                  

Total goods available $27,825    $27,825   $27,825  

Ending inventory             $18,025    $15,575    $16,695

(525 units)  

Cost of goods sold          $9,800    $12,250    $11,130  

Calculated using ending inventory = 475 × $35 + 50 × $28    

FIFO = $18,025  

For LIFO ending inventory: 400 × $28 + 125 × $35

Results in $15,575  

Average cost is found by: $27,825 ÷ $875    

Which equals 31.8      

Ending inventory is calculated as 525 × 31.8

This leads to $16,695

2.                           FIFO            LIFO         Average

Sales

(307 × $50)                $15,350         $15,350    $15,350

Cost of goods sold     $9,800    $12,250    $11,130

Gross Profit                 $5,550           $3,100      $4,220

Expenses                     $1,680           $1,680      $1,680

Net income                  $3,870           $1,420       $2,540

3. FIFO ranks as 3

LIFO ranks as 2

Average ranks as 1

Answer:

Using and carrying a premium credit card like the American Express Centurion Card fulfills needs at which tier of the Maslow hierarchy?

Esteem level.

Explanation:

The Maslow hierarchy of needs is a psychological model comprising five levels arranged in a pyramid format. The lower tiers consist of basic needs that must be addressed before tackling those higher up. These foundational needs typically include physical requirements such as food, shelter, and security, whereas the higher tiers aim to enhance a person's overall quality of life. They encompass aspects like safety, love, basic needs, and self-actualization.

The hierarchy can be divided into two categories: deficiency needs and growth needs. The initial four levels correspond to deficiency needs, while the top level is characterized as a growth need. Deficiency needs stem from a lack or deprivation, while growth needs originate from a potent desire to improve and excel. The five levels are physiological, safety, love and belonging, esteem, and self-actualization.

In this scenario, an individual possessing a high-end credit card is likely motivated by status, placing them firmly within the esteem level of Maslow's hierarchy.

Answer:

See the instructions below.

Explanation:

Here is the provided information:

Q= 1,000 units sold

Sales amounting to $ 345,000

Starting merchandise inventory at $ 23,000

Total purchases of $ 230,000

Ending merchandise inventory valued at $ 11,500

Fixed selling expense is $?

Fixed administrative expense totals $ 13,800

Variable selling expense is $ 17,250

Variable administrative expense is $?

Contribution margin stands at $ 69,000

Net operating income equals $ 20,700

Cost of goods sold (COGS) is calculated as: beginning inventory + purchases - ending inventory = 23000 + 230000 - 11500 = $241,500

1) Total revenue is 345000

COGS amounts to 241500

Variable selling expense equals 17250

Variable administrative expense=? =17250 (345000 - 241500 - 17250 - 69000)

The contribution margin is 69000

Fixed selling expense=? = 34500 (69000 - 13800 - 20700)

Fixed administrative expense is 13,800

Net income is 20,700

2) Sales total 345,000

COGS reaches 241500

Gross profit comes to 103500

Administrative expense totals 31050

Selling expense is 51750

Net income arrives at 20700

3) Selling price per unit calculation: total sales/Q= 345000/1000= $345

4) Variable cost per unit calculation: total variable cost/Q= (241500+17250+17250)= $276000/1000= $276

5) Contribution margin per unit calculation: 69000/1000= 69

6) The contribution format income statement is advantageous as it clearly illustrates how each unit influences the contribution margin.

Answer:

The answer to the question:

The United States Bureau of Labor Statistics (BLS) performs the Quarterly Census of Employment and Wages (QCEW) and provides extensive data for each county across America. For the third quarter of 2016, the QCEW shared the total taxable earnings, in millions, of all wage earners across 3222 counties in the U.S.[

contained in the attached document.

Explanation: