Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. Based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit. With annual overhead costs and operating expenses amounting to $145,000. Jamie expects a profit margin of 20 percent. This margin is 5 percent larger than that of her largest competitor, Apps, Inc.

Suppose that Jamie’s estimated selling price is lower than originally projected during the first year. How much revenue would she need in order to earn:

Positive accounting profits?

Positive economic profits

Answer:

Accounting costs = $145,000 (annual overhead costs and operating expenses)

Implicit cost = $75,000 (Value of Salary Given Up)

Opportunity cost = $220,000 (Accounting Costs + Implicit Costs)

Revenue needed to earn positive accounting profits = at least $145,000 (more than accounting costs)

Revenue needed to earn positive economic profits = at least $220,000 (more than opportunity cost)Explanation:

P&G
Item
17
English
You were recently hired by the finance department. You have training and experience in finance, but you also have
an advanced degree in communications.
You enjoy both, but would love the opportunity to combine them together
at some point. During this week's team meeting, you hear of a project that you feel is directly applicable to your
unique experience and education. However, your supervisor assigned that project to a coworker and asked you to
work on a more conventional finance task.
What would you do?
Approach your coworker and offer your knowledge and experience. Let them know you are
willing to help them on the project if they wants it.
Approach your supervisor to let them know that you feel your skill set is more suited for the non-
conventional task and you are being underutilized on the finance task.
<
Complete your conventional finance task as quickly and accurately as you can. Then, ask If you
can be assigned to the other project.
Work on the project you were assigned. Recognize that your supervisor is likely trying to
familiarize you with the department by working on the finance task and you should trust their
guidance.
Talk to your supervisor and offer to work on both tasks. You don't mind putting in extra time to
do something you enjoy and you'll provide value to both projects.
Ann

Leeuwin Brokerage enters into a lease agreement with Bumble Motors to lease an automobile with a fair value of $77,000 under a 5-year lease on December 20, 2018. The lease commences on January 1, 2019, and Leeuwin will return the automobile to Bumble on December 31, 2023. The automobile has an estimated useful life of 7 years. Leeuwin made a lease payment of $10,900 on December 20, 2018. In addition, the lease agreement stipulates annual payments of $10,900, due on January 1 of 2019, 2020, 2021, 2022, and 2023. The implicit rate of the lease is 6% and is known by Leeuwin. There is no purchase option, no lease incentives, no residual value guarantees, and no transfer of ownership. Leewin incurs initial direct costs of $1,100

Requried:
Assuming that this is classified as an operating lease, what is the amount of the lease liability on January 1, 2019 before the lease payment?

Convert 5/8 to Decimal

What color is the sky?

From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks' ATM machines. On average, noncustomers earn a wage of $24 per hour and pay ATM fees of $3.00 per transaction. It is estimated that banks would be willing to maintain services for 6 million transactions at $1.00 per transaction, while noncustomers would attempt to conduct 22 million transactions at that price. Estimates suggest that, for every 1 million gap between the desired and available transactions, a typical consumer will have to spend an extra minute traveling to another machine to withdraw cash.
1. Based on this information, what would be the nonpecuniary cost of legislation that would place a $1.00 cap on the fees banks can charge for noncustomer transactions?
Instructions: Round your answer to the nearest penny (2 decimal places).$
2. What would be the full economic price of this legislation?
$

You are considering buying stock A. If the economy grows rapidly, you may earn 35 percent on the investment, while a declining economy could result in a 10 percent loss. Slow economic growth may generate a return of 3 percent. If the probability is 14 percent for rapid growth, 17 percent for a declining economy, and 69 percent for slow growth, what is the expected return on this investment

Managerial accounting is different from financial accounting in that:

a. Managerial accounting is more focused on the organization as a whole, while financial accounting is more focused on projects, processes, and divisions of the organization.
b. Managerial accounting never includes nonmonetary information.
c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.
d. Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.
e. Managerial accounting is structured and controlled by GAAP.

Which of the following is not a characteristic of a cafeteria?

A tray is used to collect chosen dishes.
Customers tell servers what they want.
Food is displayed along the serving line.
Amounts are usually "all you care to eat" with no limits.

Zang Company had no office supplies on hand at the beginning of the year. During the year, the company purchased $250 worth of office supplies. At the end of the year, $50 worth of office supplies were on hand. How much should Zang Company report as office supplies expense for the year

As an economic concept, scarcity applies
to A) both money and time.
B) money but not time.
C) time but not money.
D) neither time nor money​

A company just starting business made the following four inventory purchases in June:June 1 150 units $ 390 June 10 200 units 585 June 15 200 units 630 June 28 150 units 510 $2,115 A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. The inventory method which results in the highest gross profit for June is Select one: a.the weighted average unit cost method. b.the FIFO method. c.the LIFO method. d.not determinable.

The City of Holbrook transferred $100,000 from the General Fund to the Debt Service Fund for payment of interest. The appropriate entry in the General Fund to record this transfer would be
a. Debit Expenditures $100,000; Credit Cash $100,000.
b. Debit Other Financing Uses Transfer Out $100,000; Credit Cash $100,000.
c. Debit Fund Balance Transfer Out $100,000; Credit Cash $100,000.
d. Debit Other Financing Sources Transfer In $100,000; Credit Cash $100,000.

Để hành nghề, thẩm định viên bắt buộc phải có những năng lực tối thiểu về

Discuss target market strategies. The target market strategy identifies which market segment or segments to focus on. This process begins with a market opportunity analysis (MOA), which describes and estimates the size and sales potential of market segments that are of interest to the firm. In addition, an assessment of key competitors in these market segments is performed. After the market segments are described, one or more may be targeted by the firm. The three strategies for selecting target markets are appealing to the entire market with one marketing mix, concentrating on one segment, or appealing to multiple market segments using multiple marketing mixes.
You are given the task of deciding the marketing strategy for a transportation company. How do the marketing mix elements change when the target market is (a) low-income workers without personal transportation, (b) corporate international business travelers, or (c) companies with urgent documents or perishable materials to be delivered to customers?

give the advantages of business partnership structures​

How would you interpret the relationship between two numeric variables when the estimated least squares regression line for them is essentially horizontal (slope 0)?

At Dec. 31 Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:

All of the following indicate a possible pest infestation EXCEPT:
Dust underneath a storage shelf
Shredded paper towels in a corner of the dry storage area
Egg casings behind the refrigerator
Gnaw marks on a trash can

The following statement is TRUE about Lean A. Lean will cost a lot of money to introduce in an organization. B. Lean can only be applied in certain types of businesses. C. Just-In-Time is when parts/supplies arrive at the last possible moment. D. Lean is all about cost-cutting and results in much of the workforce getting fired. E. When we remove waste from a process, we are left with value-added activities. This enables us to produce more in less time while actually doing the value-added work slower.

Activity-based costing for varying batch production
A manufacturing company has the following two activities associated with completion of products:
The setting up of machines for running batches of products
The actual production of units produced
The company has annual manufacturing overhead costs of $2,000,000, of which $200,000 is directly involved in setting up machines for batch runs. During the year, the company expects to perform 400 machine setups, one setup per batch for a total of 400 batches of production. Assume that the batch sizes vary considerably, but the work involved in setting up the machines is not appreciably different from one job to the next.
If the company estimates that the $200,000 costs associated with setups will yield 400 setups this year, the cost associated directly with each setup will be $ per setup. Because each job will require its own setup, setup costs are viewed as batch costs. Because $200,000 of the $2,000,000 are costs associated with setups, this means that costs associated directly with the production of units equal $.

Waddle Incorporated manufactures a single product. Variable costing net operating income was $96,300 last year and its inventory increased by 2,600 units. Fixed manufacturing overhead cost was $2 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year

At December 31, Hawke Company reports the following results for its calendar year.

Cash sales $80,000
Credit sales $200,000

In addition, its unadjusted trial balance includes the following items.

Accounts receivable $108,000 debit
Allowance for doubtful accounts $1,100debit

An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.

Required:
Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.

The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Debits Credits Accounts payable $ 100,000 Accounts receivable $ 25,000 Accrued interest payable 28,000 Accumulated depreciation 45,000 Administrative and selling expenses 47,000 Allowance for uncollectible accounts 12,000 Capital assets 705,000 Cash 90,000 Charges for sales and services 550,000 Cost of sales and services 492,000 Depreciation expense 45,000 Due from General Fund 17,000 Interest expense 40,000 Interest revenue 4,000 Transfer in from General Fund 115,000 Bank note payable 625,000 Supplies inventory 18,000 Totals $ 1,479,000 $ 1,479,000 Required: a. Prepare the closing entries for December 31. b. Prepare the Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31. c. Prepare the Net Position section of the December 31 balance sheet. (Assume that the revenue bonds were issued to acquire capital assets and there are no restricted assets.)

Explain the difference between a public and private company ​

Business plan are also called ROAD MAPS; it’s possible to travel without one, but it will only increase the likelihood of getting lost along the way. Explain to correct answer.
​

What was the CEO of Tyco accused of doing?
A falsifying records to keep the company stock price from falling
B. engaging in insider trading
C. using company funds to pay for his lavish lifestyle
D. hiding debt by transferring it to subsidiaries

please help accounting is always hard to find answers for if there’s any other app what does better let me know !!

The difference between corporate governance and social organization management

Fixed-income recipients, savers, and creditors are hurt by unanticipated inflation because inflation ______. Multiple choice question. redistributes real income away from them and toward others reduces the burden of debt is indexed redistributes real income towards them and away from others

Why is competition limited in an oligopoly

Knowledge Check 01 Zeta Corporation is a manufacturer of sports caps, which require soft fabric. The standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. During the month of January, the company purchased and used 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. What is Zeta Corporation's materials price variance for the month of January