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Yakvenalex
26 days ago
5

Johnny is a sophomore in college and has a 1.5 cumulative grade point average (GPA). Johnny's cumulative GPA will fall even furt

her next semester if he performs worse than (i) his cumulative GPA. (ii) he ever performed before. (iii) he did last semester. A. (ii) and (iii) only B. (i) and (ii) only C. (i) and (iii) only D. (i), (ii), and (iii)
Business
1 answer:
Mariulka [3.1K]26 days ago
6 0

Answer: B

Explanation:

Among the available options, Johnny's performance can only worsen his GPA if he scores below his existing cumulative GPA or if he performs lower than any previous scores. The last option suggesting his performance dropped below last semester may not necessarily impact his GPA adversely, as the cumulative GPA reflects his academic record since he commenced his studies. The previous semester might have been one of his stronger semesters, so even a slight decline from that performance may not lead to a decrease in his overall GPA. Therefore, option B is the accurate choice.

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A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue $ 2,000,000 Less: Variable
Scilla [3267]

Solution

1.Hotel’s cost structure          Indications in percentage(%)

Revenue                                     $ 2,000,000                          (100)

Less: Variable expenses            $ 1,300,000                            65

                                                    --------------------

Contribution margin                       $700,000                            

Less: Fixed expenses                   $560,000                            28

                                                    ---------------------

Net income                                       $140,000                            7

2.Revenue declines by 30 percent

Revenue                                     $ 1,400,000   (2,000,000×70÷100)                  

Less: Variable expenses               $910,000   ( 1,300,000 ×70÷100)                                                                                  

                                                   ---------------------

Contribution margin                       $490,000     ( 700,000 ×70÷100)              

Less: Fixed expenses                   $392,000     ( 5,60,000 ×70÷100)                      

                                                    ---------------------

Net income                                       $98,000     ( 140,000 ×70÷100))      

3.Operating leverage factor when revenue is $2,000,000    

       Operating leverage =    Contribution/ Net income

                                             =700,000÷ 140,000=5

4.Operating leverage factor when increase in revenue by 25 percent  

increase in revenue by 25 percent= 2,000,000×25÷100 = 500,000

increase in contribution by 25 percent= 700,000×25÷100=175,000

increase in net income by 25 percent  =140,000×25÷100=35,000                                                  

       Operating leverage =    Contribution/ Net income

                                         = 875,000 ÷ 175,000 = 5

3 0
20 days ago
Select the correct answer from each drop-down menu.
soldi70 [3150]
1) Most likely, it's commission. Although both commissions and bonuses relate to sales performance, the fact that she receives them for each sale implies commissions, which are typically a recurring part of a pay system, as opposed to bonuses which are usually one-time payments. 2) Refers to a fixed salary. Hourly wages are generally associated with entry-level positions, whereas fixed salaries apply to higher-ranking or executive positions.
4 0
23 days ago
Pretty Lady Cosmetic Products has an average production process time of 40 days. Finished goods are kept on hand for an average
Free_Kalibri [3164]

Answer: 90 days and 4.06 times

Explanation:

The short-term operating cycle is calculated by adding Average production process time + Days goods are held + Days Accounts receivable are due]

= 40 + 15 + 35

= 90 days

With a 365-day year, the cycle will turnover;

= 365/90

= 4.0556

= 4.06 times

5 0
1 month ago
(6) Erik receives an eight-year annuity-immediate with monthly payments. The first payment is $300 and payments increase by $6 e
Mariulka [3182]

Answer:

$70,264.03

Explanation:

To compute the value, 8 × 12 = 96 distinct cash flows need to be evaluated.

There's no single formula for this case, as the $6 increase does not follow a constant growth rate.

The monthly payment schedule is:

Month            payment ($)

0 (today)             300

1                           306

2                          312

3                          318

n                          306 + 6 (n-1)

96 (last)               876

Then create a spreadsheet reflecting these details:

  • Five columns
  • The first column indicates the month starting at month 0 (today)
  • The second column represents the initial balance, starting with 0
  • The third column calculates interest based on the monthly interest of 6% convertible monthly: 0.06/12 = 0.005.
  • The fourth column reflects the deposit amount; $300 in month zero, increasing by $6 each following month.
  • The final balance in column five constitutes the initial balance (column two) + interest (column three) + deposit (column four).
  • Total rows needed: 96, for 8 years × 12 months/year = 96 months.
  • Each row's initial balance equals the previous row's final balance.

Here is a sample for the first three rows:

Month  Initial balance  Interest                    Deposit     Final balance

 0                  0                   0                          300          300

 1                 300             300×0.005 = 1.5    306          607.5

 2                607.5          607.5×0.005           312          922.54

Continue this process until you complete the 96 rows to arrive at the account balance after eight years, which is reflected as the final row shows

96           69,042.81      345.21                    876         70,264.03

Thus, the balance in the account at the end of eight years totals to $70,264.03

7 0
14 days ago
Murkywater Company is considering a lockbox system. Its collection delay is currently 12 days.
soldi70 [3150]

Respuesta:

$6,400,000

Disminución en el tiempo de envío = 1.5 días

Disminución en el tiempo de compensación = 1.5 días

Disminución en el tiempo de procesamiento de la empresa = 1.0 día

Total = 4.0 días

Interés diario sobre bonos del Tesoro = 0.025%

Número promedio de pagos diarios a las cajas de bloqueos = 4,000

Tamaño promedio de pago = $400

El valor de la propuesta será el número promedio de pagos diarios a las cajas de bloqueo multiplicado por el total de 4 días y luego por el tamaño promedio del pago. Esto es:

= 4000 × $400 × 4

= $6,400,000

7 0
29 days ago
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