Apple™ sells 40,000 iPods™ that were produced last year, to new customers. As a result, A....
Apple™ sells 40,000 iPods™ that were produced last year, to new customers. As a result,
A. GDP will increase for this year.
B. GDP will decrease for this year.
C. the iPods™ will increase GDP for this year and count as inventory for last year.
D. the iPods™ will decrease GDP for this year and count as inventory for last year.
E. last year's GDP was increased by the inventory value of the iPods™, and this year's GDP increases by the retail value of the iPods™ less their inventory value from last year.
Homework Answers
E. last year's GDP was increased by the inventory value of the iPods™, and this year's GDP increases by the retail value of the iPods™ less their inventory value from last year.
Explanation: The unsold iPhones in the previous years contributed to last year's GDP as inventory investment. The sales value minus inventory value would contribute to this year;s GDP.
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Apple™ sells 40,000 iPods™ that were produced last year, to new
customers. As a result,
A....
question 2 Last year, the company sold 40,000 of these balls, with the following results: Sales...
question 2
Last year, the company sold 40,000 of these balls, with the following results: Sales (40,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $1,000,000 600,000 400,000 265,000 $ 135,000 Required: 1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year's sales level. 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per...
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses...
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economy produced four final goods during the year plates, TVs, bicycles, and 19) y bicycles were...
economy produced four final goods during the year plates, TVs, bicycles, and 19) y bicycles were produced and sold for $100 each. Three computers were produced 19) A hypothetical computers. Forty plates were produced and sold for $10 each. Five TVs were produced and sold for $300 each. Fif and sold for $750 each. With this information, one could determine A) total income for this economy B) net investment for this economy C) gross investment for this economy D) whether...
Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $80 per unit. Variable expenses are $40.00 per unit, and fixed expenses total $200,000 per year. Its operating results for last year were as follows:
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The contribution format income statement for Huerra Company for last year is given below: Total Unit...
The contribution format income statement for Huerra Company for
last year is given below:
Total
Unit
Sales
$
992,000
$
49.60
Variable expenses
595,200
29.76
Contribution margin
396,800
19.84
Fixed expenses
312,800
15.64
Net operating income
84,000
4.20
Income taxes @ 40%
33,600
1.68
Net income
$
50,400
$
2.52
The company had average operating assets of $492,000 during the
year.
Required:
1. Compute the company’s return on investment (ROI) for the
period using the ROI formula stated in terms...
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5. A sports equipment firm manufactures and sells basketballs. Last year it sold 12,000 basketballs at...
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question 2
Last year, the company sold 40,000 of these balls, with the following results: Sales (40,000 balls) Variable expenses Contribution margin Fixed expenses Net operating income $1,000,000 600,000 400,000 265,000 $ 135,000 Required: 1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year's sales level. 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per...
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 per unit, and fixed expenses total $160,000 per year. Its operating results for last year were as follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 3,120,000 1,560,000 1,560,000 160,000 $ 1,400,000 Assume the president expects this year's sales to increase by 19%. Using the degree of operating leverage from last year, what percentage increase in net operating income...
economy produced four final goods during the year plates, TVs, bicycles, and 19) y bicycles were produced and sold for $100 each. Three computers were produced 19) A hypothetical computers. Forty plates were produced and sold for $10 each. Five TVs were produced and sold for $300 each. Fif and sold for $750 each. With this information, one could determine A) total income for this economy B) net investment for this economy C) gross investment for this economy D) whether...
Help Sa Lay Perfect Pillow Company sells specialty pillows and accessories to customers. Its fiscal year ends on December 31. The following transactions occurred in the current year: a. Purchased $250,000 of new pillow inventory, paid $90,000 in cash and owed the rest on account b. Pald employees $180,300 in wages for work during the year, an additional $3,700 for the current year's wages will be paid in January of the next year. c. Sold pillows to customers for $750,000;...
Last year Hawaii did not received many rain storms and with eight months of little rain there was low demand for umbrellas. This year however, there have been three months of big rain storms and only a few weeks of sunny weather. If you were to draw a graph depicting the changing market for umbrellas from last year to this, how would the new equilibrium price and quantity demanded compare to last year's market? Select one: a. With supply of...
The contribution format income statement for Huerra Company for
last year is given below:
Total
Unit
Sales
$
992,000
$
49.60
Variable expenses
595,200
29.76
Contribution margin
396,800
19.84
Fixed expenses
312,800
15.64
Net operating income
84,000
4.20
Income taxes @ 40%
33,600
1.68
Net income
$
50,400
$
2.52
The company had average operating assets of $492,000 during the
year.
Required:
1. Compute the company’s return on investment (ROI) for the
period using the ROI formula stated in terms...
Payson Sports, Inc., sells sports equipment to customers. Its fiscal year ends on December 31. The following transactions occurred in the current year a. Purchased $250,000 of new sports equipment inventory, paid $90,000 in cash and owed the rest on account b. Paid employees $180,300 in wages for work during the year, an additional $3.700 for the current year's wage will be paid in January of the next year. c. Sold sports equipment to customers for $750,000; received $500,000 in...
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