MAJOR ASSUMPTIONS Estimated Sales: 2014-2015 2015-2016 2016-2017 Units Sold 29‚328 30‚888 32‚448 Price 58.00 61.00 64.00 Projected Sales 1‚701‚024.00 1‚884‚168.00 2‚076‚672.00 PRODUCTION: 2014-2015 2015-2016 2016-2017 Units to be sold 29‚328 30‚888 32‚448 Add: Desired Ending Invty. 1‚872
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cars and trucks were sold globally under the following brands: Buick‚ Cadillac‚ Chevrolet‚ GMC‚ GM Daewoo‚ Holden‚ HUMMER‚ Opel‚ Pontiac‚ Saab‚ Saturn and Vauxhall. GM operates one of the world ’s leading finance companies‚ GMAC Financial Services‚ which offers automotive‚ residential and commercial financing and insurance. GM ’s OnStar sister company is the industry leader in vehicle safety‚ security and information services. Production In March‚ GM North America produced 460‚000 vehicles (182
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2011). When determining the volume of units that need to be sold‚ we look at how many units need to be sold to break-even. The capital-intensive method would have to produce 156‚750 units to break-even‚ while the labor-intensive method would only produce 128‚167 units to break even. To determine which method should be employed for the Martinez Company we need to look at the break-even analysis and the volume needed to be produced to break-even. The capital-intensive method appears to be more
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not to trade it in and buy a new car. Which of the following costs is an opportunity cost in this situation? 4. Question : (TCO 1) Shula’s 347 Grill has budgeted the following costs for a month in which 1‚600 steak dinners will be produced and sold: materials‚ $4‚080; hourly labor (variable)‚ $5‚200; rent (fixed)‚ $1‚700; depreciation‚ $800; and other fixed costs‚ $600. Each steak dinner sells for $14.00 each. What is the budgeted fixed cost per unit? 5. Question : (TCO 1)
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Assume upward-sloping supply curves. a. No producer can cover the costs of production at that price. b. Quantity supplied exceeds quantity demanded at that price. c. Producers are leaving the industry. d. Consumers are willing to buy all the units produced at that price. 4. Which of the following statements is incorrect? Assume upward-sloping supply curves. a. If the supply curve shifts left and the demand remains constant‚ equilibrium price will rise. b. If the demand curve shifts left and the
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company’s gas is sold for a total of $600 million. What is the total contribution to the country’s GDP from companies Bigdrill and Bigoil? (a) $200 million (b) $400 million (c) $600 million (d) $800 million Answer: C Level of difficulty: 2 Section: 2.1 Chapter 2 The Measurement and Structure of the National Economy 15 4. Sam’s Semiconductors produces computer chips‚ which it sells for $10 million to Carl’s Computer Company (CCC). CCC’s computers are sold for a total of $16
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variable costing Tami’s Creations‚ Inc. Income Statement For the Quarter Ended March 31 Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1‚120‚000 Cost of goods sold: Beginning inventory . . . . . . . . . . . . . . . . . . . . . . $- Cost of goods manufactured . . . . . . . . . . . . . . . 795‚000 Goods available for sale . . . . . . . . . . . . . . . . . . . 795‚000
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27and 20-inch sets to be produced at one of its factories. Market research indicates that at most 40 of the 27-inch sets and 10 of the 20-inch sets can be sold per month. The maximum number of work hours available is 500 per month. A 27-inch set requires 20 work hours‚ and a 20-inch set requires 10 work hours. Each 27-inch set sold produces a profit of $120‚ and each 20-inch set produces a profit of $80. A wholesaler has agreed to purchase all the television sets produced if the numbers do not exceed
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Service businesses (health care‚ accounting‚ barbers & beauty shops‚ auto repair‚ etc.) can also use CVP Analysis. It involves three elements: Cost - the cost of making the product or providing a service Volume - the number of units of products produced or hours/units of service delivered Profit - Selling Price of product/service - Cost to make product/provide service = Operating Profit The first two items are information available to business managers‚ about their own business‚ products and services
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the change in inventories on cash flow from operations. Inventory Methods All three retail companies use the First-In-First-Out (FIFO) inventory method for its stores. The FIFO method assumes that the earliest goods purchased are the first goods sold and the last goods purchased are
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