Required: 1. What is the company’s over-all break-even point in total sales dollars? 2. Of the total fixed costs of $400‚000‚ $20‚000 could be avoided if the Velcro product were dropped‚ $80‚000 if the Metal product were dropped‚ and $60‚000 if the Nylon product were dropped. The remaining fixed costs of $240‚000 consist of common fixed costs such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely. a. What is the break-even
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The effects of technology and why we should stop depending on it. The average teenager living in a modernized world has a cell phone for which he/she uses every day in order to keep in touch with all of his/her friends every minute‚ all the time (Insurance Information Institute). The last generation didn’t have cell phones when they were kids. Even their parents didn’t have cell phones. A statistic shows that 20 years ago‚ in 1990‚ when cell phones first started to come out‚ approximately 4.3 million
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As impressive as technology is‚ it does have many negative effects on kids. Technology is not a substitute for good parenting. While Technology is here to stay‚ and it is progressing quicker than fathomable. While technology does have copious amounts of positives‚ it is having some rather ominous negative effects on kids. Kids are growing up too fast and are being exposed to too much at a young age. This will skew their view of the world and its inhabitants. It is rather difficult
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Rapid technological change has shaped the world we live in today. Far from having a positive influence‚ living in a hi-tech world dependent on computers and mobile devices has distanced us from what is really important in life. How far do you agree? The technological breakthrough we have experienced in the recent years‚ has dramatically altered the way we live. But some people claim that the downsides of living dependently on hi-tech devices far outweigh the upsides of it; because‚ it is a
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Limitation of human contact due to the use of technology has had a positive effect on people’s lives. Technology‚ nowadays‚ has improved so much and has helped people in many ways. Sure people may say that technology is ruining our society‚ that it’s robbing us our natural ability to communicate with one another‚ but in all reality technology has made living better and more enjoyable. Looking back‚ technology has provided us with more freedom and less consumption of time and resources. Today
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overhead is $8.00‚ what is the cost per equivalent unit for materials? A)$5.00. B)$10.00. C)$8.00. D)$4.00. 2.Black Company uses the weighted-average method in its process costing system. The company’s ending work-in-process inventory consists of 5‚000 units‚ 80% complete with respect to materials and 50% complete with respect to labour and overhead. If the total dollar value of the ending inventory is $60‚000 and the cost per equivalent unit for labour and overhead is $8.00‚ what is the cost per
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following organizations would be least likely to have a company objective involving the maximization of shareholder value? | | | A) | The Walt Disney Company | | | B) | Marriot Hotels | | | C) | Southwest Airlines | | | D) | The American Red Cross | | | E) | All of the above organizations would be equally likely to establish the objective described. | | | | | | Feedback: The American Red Cross is a not for profit and does not have shareholders. Its goals and objectives would likely
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According to Weetman (2006 p25) ‘accounting is the process of identifying‚ measuring and communicating financial information about an entity to permit informed judgements and decisions by users of the information.’ If we extract the suffix of the word‚ we are left with the word ‘account’. To account for something is to take something into consideration. In terms of finance‚ accounting for something can be seen as baring it in mind when compiling financial information. Synony mously‚ taking something
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Iron/Steel: What you need? - Early mining - Discovery of smelting at high temperatures Reduction of oxidized iron ore Knowledge of chemistry required (Oxidation & reduction) - Technology involved: Furnace - Certain division of labor and tools Trading iron for food‚ etc. Iron/Steel: What you get? - Iron age begins: By ca. 1600-1200 BCE in Asia Minor - Metal > Stone: Hard + Easier to mold into desired shapes - Better cutting‚ armory‚ cannons and guns Steel: What you also get?
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YEAR 1. A.) Current Assets $ 1‚520‚000 $ 1‚090‚000 Current Liabilities $ 800‚000 $ 430‚000 Working Capital $ 720‚000 $ 660‚000 B.) Current Assets $ 1‚520‚000 $ 1‚090‚000 Current Liabilities $ 800‚000 $ 430‚000 Current Ratio 1.90 to 1 2.53 to 1 (c.assets / c.liabilities) C.) Quick Assets * Cash + Marketable Securities + Accts. Recievable $ 550‚000 $ 468‚000 Current Liabilities $ 800‚000 $ 430
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