"Jefferson Sports Medicine, Inc., offers two types of physical exams for students : the basic physical and the extended physical. The charge for the basic physical is $60, while the charge for the extended physical is $135 . Jefferson expects to perform 220 basic physicals and 190 extended physicals in July, 235 basic and 200 extended in August, and 105 basic and 110 extended in September . Prepa re the sales budget for the service revenue expected from the physical exams performed for the second quarter (July through September}, with a column for each month and for the quarter in total."
Answers
Answer:
The sales budget
Jefferson Sports Medicine, Inc budgets sales budget (Amounts in $)
Months
Physical examination July August September Total
Basic physical 13,200 14,100 6,300 33,600
Extended physical 25,650 27,000 14,850 67,500
101,100
Explanation:
The sales expense shows the forecasted of sales from the various types of physical examination for a given period. These include the sales expected from Physical examination. The sales are the products of the charge per examination and the number of examinations conducted. It may be computed as follows;
July;
Physical examination
= $60 * 220
= $13,200
Extended physical
= $135 * 190
= $25,650
August
= $60 * 235
= $14,100
Extended physical
= $135 * 200
= $27,000
September
= $60 * 105
= $6,300
Extended physical
= $135 * 110
= $14,850
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Hi this is a macroeconomics problem that i'm struggling with! if someone could please help me i'd really appreciate it!The Red Cross and WIC (Women Infants Children program) both provide emergency food packages and first-aid kits to New York City homeless shelters. The table below shows their weekly production possibilities in providing emergency goods to NYC homeless shelters.Red Cross WICFood packages 300 or 0 200 or 0First-aid kits 0 50 0 20NYC homeless shelters need a total of 20 first-aid kits per week. Currently, they get 10 kits from the Red Cross and 10 kits from WIC. With their remaining resources, how many food packages can each organization provide to NYC homeless shelters?
Assume the total cost of a college education will be $200,000 when your child enters college in 16 years. You presently have $73,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child’s college education?
Answers
Answer:
Rock Inc.
Gross profit ratio:
= 0.70
Explanation:
a) Data and Calculations:
Sales $473,864
Cost of Goods Sold 142,263
Gross profit $331,601
Gross profit ratio = Gross profit/Sales
= $331,601/$473,864
= 0.69978
= 0.70
b) Rock's gross profit is the difference between the Sales Revenue and the Cost of Goods Sold. It is the first profit point on the Income Statement. It measures the company's ability to convert sales revenue into profit after accounting for the cost of goods sold. This profit will cover the expenses incurred in running the business for the particular period.
Answers
Answer:
Explanation:
The journal entries are shown below:
On July 1
Merchandise Inventory A/c $10,800
To Accounts payable A/c $10,800
(Being goods purchased on credit)
On July 5
Accounts payable A/c Dr $1,500
To Merchandise Inventory A/c $1,500
(Being goods returned)
On July 8
Accounts payable A/c Dr $9,300 ($10,800 - $1,500)
To Cash A/c $9,114
To Merchandise Inventory A/c $186 ($10,800 - $1,500)× 2%
(Being due amount is paid and the remaining balance is credited to the cash account)
B. Recoverability test but not fair value test
C. Not recoverability test but fair value test
D. Neither recoverability test nor fair value test
Answers
Answer: The correct answer is "C. Not recoverability test but fair value test".
Explanation: The impairment test to be used is Not recoverability test but fair value test. To determine whether intangibles of indefinite life have deteriorated and must present another value in their balance sheet, they must implement the fair value test.
Answers
Answers
Answer:
Brand A Q 2.4
Brand B Q 1.2
Explanation:
Using Excel solver:
contrains:
c4 = 60
d4 = 30
solve e4 for min
variable cell b2:b3
a b c d e
Q Protein Fat Cost
Brand A 2.4 36 24 1.92
Brand B 1.2 24 6 0.6
60 30 2.52
Protein = 60
Fat = 30
Final answer:
Firstly, you have to formulate the objective function and constraints by using the given information. After inputting the model into a solver program, the program will provide the values that deliver the minimum value for the objective function that is subject to the constraints. This is a high school level mathematics problem.
Explanation:
In order to form a linear programming model, you would need to define your decision variables, in this case the amount of food from both brands. If we denote the amount of Brand X food by x and the Brand Y food by y, the objective function (the thing you want to minimize, the cost in this case) will be 0.8x + 0.5y. The constraints are the nutritional requirements: 15x + 20y >= 60 for protein, and 10x + 5y >= 30 for fat.
To solve this model using the Solver method, you would input your model into a solver program and find the values of x and y that minimize the objective function while adhering to the constraints. Result will depend on the specific program used.
This problem, by nature, falls under the Mathematics subject matter, as it involves linear algebra and optimization. It's likely a High School/Early College level question as it involves the application of linear programming models to practical real-world problems.
Learn more about Linear Programming here:
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Answers
Answer:
3.08 years
Explanation:
The computation of the payback period is shown below:
Year Cash flows Cumulative cash flows
0 -$5,500 -$5,500
1 $1,525 -$3,975
2 $1,725 -$2,250
3 $2,125 -$125
4 $1,625 $1,500
Now the pay back period is
= 3 years + $125 ÷ $1,625
= 3.08 years
Final answer:
The payback period of the given cash flows is calculated by subtracting each year's cash inflow from the initial investment until the remaining amount is completely paid off. The payback period is found to be approximately 3.08 years.
Explanation:
The Payback Period is a capital budgeting method that calculates the time required to recoup the cost of an investment. In your case, the cash flow starts with an investment of $5,500 at Year 0, followed by cash inflows in subsequent years. Let's calculate the payback period in years.
- Year 1: $5,500 - $1,525 = $3,975 remaining
- Year 2: $3,975 - $1,725 = $2,250 remaining
- Year 3: $2,250 - $2,125 = $125 remaining
At the end of Year 3, there is still $125 remaining from the original investment that has not been recouped. We need a part of the Year 4 cash inflow to pay back the rest. Therefore, the payback period in years is: 3 + ($125 / $1,625) = 3.08 years.
Learn more about Payback Period here:
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