Thomas’ family also runs a gourmet food store that sells two main products: Premium Caviar and Goose Foie Gras. They import the Premium Caviar from Russia, and purchase Goose Foie Gras from Upstate New York. The two products are sold in boxes. Thomas gathers the following information:


Premium Caviar Goose Foie Gras Totals
Units 4,000 12,000 16,000
Revenue $100,000 $180,000 $280,000
Variable costs 56,000 105,000 161,000
Fixed costs 20,000 40,000 60,000
Profit $ 24,000 $ 35,000 $ 59,000

Selling price per unit $25.00 $15.00
Contribution margin per unit $11.00 $6.25
Profit margin per unit $6.00 $2.92

When Thomas took accounting courses at college, he knows how to do cost-volume-profit analysis pretty well. However, he just remembers how to do the analysis for those companies with only one product. Therefore, he needs your help to calculate the following:

a. What is the business’ weighted-average contribution margin per unit? (show your computation)

b. Calculate the business’ break-even point in units assuming the current sales mix. (show your computation)


c. What will be the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales? (show your computation)

d. What is the business’ weighted average contribution margin ratio? (show your computation)

e. What level of sales (in dollars) will be needed to earn a profit of $64,950 assuming the current sales mix? (show your computation)

f. What will be the sales (in dollars) of Premium Caviar and Goose Foie Gras boxes for the business’ total sales calculated in Part e? (show your computation)

Advertising has three essential objectives: to inform, to persuade, and to remind. Informative Advertising creates awareness of brands, products, services, and ideas. It announces new products and packages and can train humans about the attributes and benefits of new or hooked up products.

One marketing goal is to reveal the effectiveness of a product or its ease of use. A common instance is the "before and after" technique, which suggests how well a product cleans, improves appearances or enhances quality of life.

There are a number of kinds of advertising objectives, however the four predominant types are profitability+ objective, market share objective, promotional objective, and boom objective.

Learn more about advertising objectives here:

Answer:

1.)  The company wanted to ensure that the product was marketed in a repackaged form in order to gain credibility and boost sales as compared to rivals

2.) Frequency of the advertised commercial was increased in order to increase recall among consumers.

Explanation:

Got it right on PLATO

The given statement, "assume that general motors employs labor, if the dollar's exchange value appreciates by 10 percent against the yen, the yen-denominated cost of a gm vehicle falls by 10 percent", is false because the exchange value depreciates.

The appreciation of the dollar against the yen can provide a great benefit to General Motors. By reducing the cost of labor and materials denominated in yen by 10%, GM can significantly reduce their production costs and increase their profit margins.

This appreciation can also help GM to become more competitive in global markets, as they can offer their vehicles at lower prices than their competitors. Thus, the dollar's exchange value appreciates by 10 percent against the yen, the yen-denominated.

Hence, option B is correct.

The given question is incomplete, so the complete question is given here-

Assume that the general motors employs labor and materials, whose costs are denominated in dollars, in the production of automobiles. if the dollar's exchange value appreciates by 10 percent against the yen, the yen-denominated cost of a gm vehicle falls by 10 percent. The given statement is-

A. True

B. False

To learn more about the exchange value here:

https://brainly.com/question/29345654

#SPJ4

After all closing postings are completed, all income and expenses are transferred to the retained earnings account, resulting in a balance of $0.

Option A is correct.

An income statement shows the income, expenses, and profitability of a company for a specified period. It is also sometimes referred to as the Income Statement (P&L) or Income Statement. it shows you: Revenue from sales of products or services. Expenditure to generate revenue and manage the business.

The purpose of an income statement is to provide investors, creditors, and readers with financial information about whether the company is profitable during the financial year. In the context of corporate finance, an income statement is a record of a company's profits and losses over the course of a financial year.

Question is incomplete. Missing options are:

The income statement for the year 2014 of Fugazi Co. contains the following information:

Revenues $70,000,Expenses:,Salaries and Wages Expense $45,000, Rent Expense 12,000, Advertising Expense 10,000, Supplies Expense 6,000 , Utilities Expense 2,500, Insurance Expense 2,000, Total expenses 77,500, Net income (loss) $ (7,500)

After all closing entries have been posted, the revenue account will have a balance of

a. $0.

b. $70,000 credit.

c. $70,000 debit.

d. $7,500 credit.

Learn more about income statement:

brainly.com/question/15169974

#SPJ4

HPR was15%. Two essential strategies, or styles, for investing in stocks and stock mutual funds are growth and value.

Value investors look for equities that seem to be inexpensive in the market.

HPR = 3% +$6.00

= 15.0%50
= 15%

While growth investors look for businesses that provide substantial earnings growth. Growth investing is an investment strategy that focuses on stocks of businesses and stock funds with fast increasing earnings that are anticipated to continue.

The sum of money an investor would spend to purchase a property is its investment value. It speaks of the precise worth of an asset determined by a set of criteria. It is a person's estimation of the asset's fair funds market worth.

To learn more about funds, click here.

https://brainly.com/question/14705214

#SPJ4

The phrase "outside basis" describes a partner's stake in a partnership. The basis of a partnership's assets is referred to as its "inside basis."

The outside basis of the partner is used to calculate gain or loss on the sale of the partnership interest and may restrict the existing eligibility for deductions for partnership losses.

The capital account and outer basis of a partner are distinct. The capital account of the partner calculates the equity stake each partner has in the firm. The partnership interest of the partner's adjusted basis is measured by the outside basis.

To know more about  equity stake :

https://brainly.com/question/15259417

#SPJ1

Therefore option C is the correct option.

Consumer surplus is the difference between the price a consumer is willing to pay and the price they actually pay.

Consumer surplus refers to the circumstance when a customer would be willing to pay more for a product but actually pays less, or at a lower price than he would be prepared to pay.

For instance, a customer could be prepared to spend $5 for a magazine but discover that it costs $4 in the mall. The price he is willing to pay less the cost of what he already purchased will be the consumer surplus.

Customer excess = $5 – $4

=$1

Consumer surplus is the discrepancy between a consumer's willing price and the actual price they pay (lesser than the willing price). The consumer benefits since they spend less than what is anticipated for the same level of satisfaction.

The region between the equilibrium price and the demand curve on a supply and demand curve represents consumer surplus.

For such more question on Consumer surplus

https://brainly.com/question/13573671

#SPJ4

The correct option is C. Consumer surplus is  The value consumers get from a good but do not pay for.

A customer is someone or a set who intends to order or uses purchased items, products, or services commonly for personal, social, family, family, and comparable needs, who isn't always immediately associated with entrepreneurial or business activities. The time period maximum usually refers to someone who purchases goods and services for non-public use.

The law generally uses a perception of the client in terms of patron safety legal guidelines, and the definition of consumer is often restricted to living folks (now not companies or businesses) and excludes industrial customers. an ordinary criminal motive for protecting the consumer is based totally on the perception of policing marketplace disasters and inefficiencies, together with inequalities of bargaining strength between a customer and a business. As all capacity citizens are also consumers, patron safety has a clean political importance.

To learn more about Consumers visit here:

brainly.com/question/13420317

#SPJ4

Note that if the market supply curve is p = 6Q, then is the producer surplus at a price of 15 will be:

Simply put, the producer surplus is the difference between the price at which enterprises are prepared to sell their products and the price at which they actually sell them.

Economic excess is classified into two types: consumer surplus and producer surplus. Consumer surplus and producer surplus are often mutually incompatible in the sense that what is good for one is bad for the other.

In the problem above, we can determine the Producer Surplus by utilizing the price (p) in the expression give:

p = 6Q

Since p = 15; we have

15 = 6Q

Q = 15/6

Q = 2.5

Therefore, the producer surplus where the price is 15 and given the market supply curve of P = 6Q is 2.5

Learn more about Market Supply Curve;

https://brainly.com/question/12216631
#SPJ1

The principle that conduct that is rewarded tends to be repeated while behaviour that is punished tends to be removed is the one that supporters of Skinner's theory are most likely to agree with.

The initial stimulus that is offered to a subject causes them to respond, according to Skinner's theory of learning. Next, the reaction is strengthened (stimulus, response, reinforcement). This is ultimately what affects our behaviour.

This process was made easier to learn by the development of the behaviourism ABCs.

The development of behaviour requires reinforcement, in line with Skinner's theory of learning. It's possible for an event to encourage a certain behaviour in a positive or negative way.

Positive reinforcement includes rewarding a child with a present or compliments for keeping their room tidy. Positive reinforcement also refers to behaviours that boost a response by acting as a stimulus for such behaviours.

To learn more about Skinner's Theory visit:

https://brainly.com/question/6625748

#SPJ4

There will be "no change" in the contribution margin per unit point.

Rent, insurance, and general office expenses are examples of fixed costs that don't change based on the volume of activity. These expenses often are not impacted by changes in sales volume or production, as they do not vary with output. Regardless of how much product or service a company generates, fixed costs are required to keep it going.

Costs that are fixed do not alter as the output changes. As a result, raising the fixed cost for Product B won't have an impact on the contribution margin for that item. Variable costs are subtracted from the product's sale price to arrive at the contribution margin. The contribution margin is unaffected by the fixed cost because it doesn't alter with the sale of Product B.

So, choice B is the right one.

To know more about Fixed costs visit:

https://brainly.com/question/20670674

#SPJ4

"According to some textbook and writing theories, there are multiple stages of composition, for both experienced and novice writers, but these stages are not always separate and distinct tasks. "The given statement is true .

The reason for the given statement being true is that writing process can be nonlinear and recursive, meaning that writers may move back and forth between stages as they work on a piece of writing. Additionally, some stages may overlap or occur simultaneously.

Hence the above statement is true.

To know more about textbook here

https://brainly.com/question/14788481

#SPJ4

Credit risk is the possibility of a loss as a result of a borrower's failure to repay a loan or meet contractual obligations. It traditionally refers to the risk that a lender will not receive the owed principal & interest, resulting in a disruption in cash flows and higher collection costs.

There is a risk that borrowers will not repay mortgages, credit cards, or other types of loans. Similarly, if a company extends credit to a customer, the customer may fail to pay their invoices. Credit risk also refers to the possibility that a bond issuer will fail to make timely payments or that an insurance company will be unable to pay a claim.

Credit risks are calculated based on a borrower's overall ability to repay a loan in accordance with the terms of the original loan. Lenders consider the five Cs when assessing credit risk on a consumer loan: credit history, repayment capacity, capital, loan terms, and associated collateral.

Learn more about Credit risk

https://brainly.com/question/29430926

Behave as you would in an in-person meeting

Sit up straight and pay attention. Try to appear at/near the digicam when speaking.

Avoid searching at different screens, until you're looking up some thing that's relevant to the dialog subject at hand.

Research suggests that most humans make a first impact of a individual inside 7 seconds. Experiments through Princeton researchers even propose that human beings can make correct judgments of others within 1/10 of a second.

A person's appearance, clothes, physique language, manners, and the way they speak all contribute to first impressions.

Learn more about great first impression here:

The cost sheets can be used to monitor costs incurred and to predict costs for each job.

They can also provide a record for the cost of goods sold account. However, they cannot provide a subsidiary ledger for either the raw materials inventory account or the finished goods inventory account.

A company's ready-to-sell goods and products, as well as the raw materials used to make them, are referred to as inventory. There are three different inventory classifications: raw materials, work-in-progress, and finished goods.

To know more about cost here

https://brainly.com/question/30045916

#SPJ4

'A recovery in the housing market coupled with a decrease in the unemployment rate'.

What do you mean by unemployment?

Unemployment is a term used to describe people who are able to work and are actively looking for a job but are unable to find one. It is usually used to refer to people who are out of work and actively seeking employment, but it can also refer to people who are involuntarily working part-time or are underemployed.

The recovery in the housing market refers to an increase in prices and the number of transactions. This could be due to an increase in demand for housing and an improving economy. A decrease in the unemployment rate reflects the fact that more people are finding jobs and that the economy is improving. This means that more people have the money to buy a home, which contributes to the recovery in the housing market. Additionally, more people working means more money is being put back into the economy, which can also help to fuel the recovery.

Hence, option B is correct.

To know more about unemployment,

https://brainly.com/question/28220720

#SPJ4

Neal is a coffee drinker. At the local coffee shop, the price of a cup of coffee is $3. The cost of the coffee Is $3, so comparing benefits and cost, Neal should consume 4 cups of coffee per day.

Generally,

marginal= Change total benefit /Change quantity

For each cup of coffee: For the first cup, the benefit is $8;

For the second:

marginal = 14-8/2-1

marginal = 6

For the third:

marginal = 18-14/3-2

marginal = 4

For the fourth:

marginal = 20-18/4-3

marginal = 2

For the fifth:

marginal = 21-20/5-4

marginal = 1

Read more about marginal benefit

https://brainly.com/question/15583202

#SPJ1

CQ

Neal is a coffee drinker. At the local coffee shop, the price

of a cup of coffee is $3. Neal's total benefits from

drinking coffee are indicated in the accompanying table.

Use this information to calculate Neal's marginal benefit

of consuming each cup of coffee.

Quantity of

coffee

(cups per day)

Total

benefits

2

3

$8

$14

SI8

$20

$21

4

5

a. The marginal benefit of the first cup is 5

b. The marginal benefit of the second cup is $

10

c. The marginal benefit of the third cup is $15

d. The marginal benefit of the fourth cup is 25

e. The marginal benefit of the fifth cup is s

f. Neil should consume

cups of coffee per day.

Social security tax is calculated on (d) employee earnings up to a maximum paid in a calendar year.

If you are still working in retirement, you could have to pay taxes on your Social Security income. If your yearly personal income is between $25,000 and $34,000, you may be forced to pay up to 50% in taxes on your Social Security benefits. If your income is higher than $34,000, you might have to pay up to 85% of it. To lower your tax, you can lower your income, move income-producing assets to an IRA, withdraw less money from retirement accounts, and contribute the necessary minimum distribution.

To learn more about social security, here;

https://brainly.com/question/29969837

#SPJ4

The total of each customer's desire for a given product on the market is referred to as the market demand.

What is zero, irregular, overfull, latent, full demand?

To learn more about market demand refer to:

https://brainly.com/question/29796376

#SPJ1

Market demand refers to the amount of a product or service that people are willing and able to buy at a given price. Different products have different market demands.

In this question, we need to connect the product to its market demand. The five types of market demands are zero demand, irregular demand, overfull demand, latent demand, and full demand.Zero Demand - This type of market demand occurs when there is no demand for the product, and consumers are not interested in purchasing it. For example, if a new brand of a product is launched in the market that nobody has ever heard about before, it might face zero demand.Irregular Demand - This type of demand occurs when there is an inconsistent demand for the product due to external factors. For example, the demand for an umbrella is more during the rainy season than in other seasons.Overfull Demand - This type of market demand occurs when the demand for a product exceeds the available supply. For example, iPhones are often in high demand during the holiday season, and sometimes stores run out of stock.Latent Demand - This type of demand occurs when consumers are interested in buying a product but cannot do so due to unavailability or other factors. For example, if a particular brand of smartphones is not available in a particular country, consumers may have latent demand for that brand.Full Demand - This type of demand occurs when the demand for a product equals the available supply. In such cases, there is a balance between demand and supply. This type of demand is desirable for most businesses as it helps them maximize their profits.

To know more about demand visit;

brainly.com/question/30402955

#SPJ11

The tables to show hat happens when the Federal Reserve buys securities are:

Federal Reserve Bank

                       Assets                                       Liabilities

     Securities                    $ 100, 000        Reserves  $10, 000

Bank ONE

                       Assets                                       Liabilities

     Securities                    $ 100, 000        Deposits $100, 000

   Required reserves        $ 10, 000

  Loans                              $ 90, 000

Bank TWO

                       Assets                                       Liabilities

   Required reserves        $ 9, 000            Deposits $90, 000

  Loans                              $ 81, 000

When the Federal Reserve purchases securities, the banks get the value of the purchase as deposits. They then make loans with it but the loans made have to be adjusted for the required reserve as shown by Bank ONE  :

= Deposits x ( 1 - reserve rate )

= 100, 000 x ( 1 - 10 %)

= $ 90, 000

When these loans are given out and taken to another bank, that bank creates another loan like Bank TWO did which is also adjusted for the required reserves.

Find out more on the required reserve at https://brainly.com/question/13758092

#SPJ1

Businesses in a free market system contribute to the creation of wealth in a society by hiring workers when the business grows.

Government intervention is absent in a free market, and supply and demand and voluntary exchange serve as the only pillars of the economic system. An essential component of free markets is the absence of compelled (forced) transactions or restrictions on transactions. A free market system is an economic system where the expressions of supply and demand by sellers and buyers decide the cost of goods and services. Models suggest that these markets run smoothly without the assistance of any external authorities, including the government. A free market is one where supply and demand are determined by the market, as opposed to an economic system that is controlled by the government.

To learn more about free market system refer here:

https://brainly.com/question/1188645

#SPJ4

In niche market, Harley-Davidson concentrates its efforts and resources, constrained area of market. The limited size of niche market, however, reduce likelihood of obtaining high profit which is disadvantage of market.

A market sector known as a niche market has its own particular needs or preferences. These requirements may result from the buyer's spending limit, geography, interests, attitude toward the goods, or other considerations. Due to the fact that they have specific wants that aren't frequently met by the competition, customers in these specialized niche industries tend to be more loyal to small enterprises. Because of this, they might be a more receptive target market for your chosen niche product. In online business, niche markets are prevalent worldwide. Almost every bigger market you can sell to includes a few niche products that appeal to a small but devoted group and require less marketing work on your part.

To learn about niche market, visit:

https://brainly.com/question/5944471

#SPJ1

The retirement of debt by issuing stock and  lease of assets in a long-term lease transaction are classified as noncash investing and financing activities.

The noncash investing is the investing in which the use of financial tools other than cash to make an investment or purchase. The noncash investing include the spending of the taking out a loan or signing a note payable.

The noncash investing is the zero net reduction of cash during the investing and it is the most big advantage for the non cash reduction investment. The lease of assets in a long-term lease transaction are classified as noncash investing and financing activities.

To know more about noncash investing here,

https://brainly.com/question/28149323

#SPJ4

After replacing only the disc brake pads, all of these should be done before road testing the vehicle torque and the lug nuts. Hence, option A is appropriate.

A vehicle is a piece of equipment, like a car, bus, or truck, that contains an engine and is utilized to transport people around.

There are several ways to categorize vehicles; in North America, trucks and passenger vehicles are separated by gross vehicle weight rating and total interior capacity, respectively (GVWR). In the European Union, vehicle segments employ linear metrics to describe size.

India offers a wide variety of vehicles to choose from, however, the majority of vehicles fall into one of the following seven body types: hatchback, sedan, SUV, MUV, coupe, convertible, as well as a pickup truck.

Learn more about the Vehicles here:

https://brainly.com/question/29491014

#SPJ1

A market in business is an industry or area of the economy where products and services are traded.

Markets are locations where people exchange products and services. Additionally, it's a phrase for the general state of the economy, which includes elements like supply and demand, rivalry, and pricing. As an example, the stock market or real estate market are examples of particular economic sectors that might be discussed.

Select the appropriate market for loanable money graph for each of the following circumstances.

a. Household private savings only slightly increase in response to an increase in the real interest rate. This matches the graph.

b. Businesses spend significantly more on investment projects as a result of a decline in the real interest rate. This matches the graph. The federal government abolishes the RRSP and TFSA (tax-deductible retirement accounts). This matches the graph. 7

c. The federal government lowers the tax rate on business profits. (Assume there is no change in the federal budget surplus or deficit.) This lines up with graph 8.

To know more about Service visit:

https://brainly.com/question/1286522

#SPJ4

Since Boeing is rolling out a new marketing campaign. The new campaign will start in time for the airlines’ annual planning process, in the second half of the year. Boeing’s marketing plans are short term.

In Business management, a business plan can be defined as a formally written document that consist of a detailed information on how a business, usually a startup, is to be run and managed, including its objectives, vision, aims, and how an entrepreneur (owner) should achieve its goals in a short term or long term period.

In Business management, marketing can be defined as a strategic process which typically involves developing promotional techniques and sales strategies by a business firm to enhance the availability of goods (products) and services, in order to meet the unending needs of the end users or consumers through advertising and market research.

In this scenario, we can reasonably infer and logically deduce that Boeing’s new marketing campaign are short term because it would only kick-start in the second half of the year

Read more on business plan here: brainly.com/question/1958071

#SPJ1

The chemicals secreted by soil fungi that inhibit bacterial growth are known as antibiotics.

The required details for antibiotic in given paragraph

An antibiotic is a type of antimicrobial substance that acts against bacteria. It is the main type of antibacterial agent used to fight bacterial infections, and antibiotics are widely used to treat and prevent these infections. They can kill bacteria or inhibit their growth. A limited number of antibiotics also have antiprotozoal effects. Drugs that inhibit the growth of viruses are called antivirals or antivirals, not antibiotics. They are also not effective against fungi; Drugs that inhibit fungal growth are called antifungals. to refer to any substance used against microbes, but in common medical use antibiotics are made naturally , while non-antibiotic antibiotics are fully synthetic. same purpose of killing or preventing the growth of microorganisms, and both are included in antimicrobial chemotherapy.

“Antimicrobials” include antiseptics, antimicrobial soaps, and chemical disinfectants, while antibiotics are an important class of antimicrobials used in medicine and sometimes in animal feed.

To know about antibiotic click here

https://brainly.com/question/1187349

#SPJ4

You should go to dinner with your friend because the benefit of doing so is greater than the cost.

By dividing the total yearly benefits spending by the total annual salary spending, you can determine the average benefits load for all employees. The value of benefit is an estimation or projection, expressed in monetary or non-monetary terms, of the anticipated good outcomes or benefits of a planned activity, initiative, or program.

Given:

Expected cost = $50

Tip = 20% = (0.2 × $50) = $10

Round trip transportation = $15

Total cost = ($50 + $10 + $15) = $75

Benefit derived from going to dinner :

Value of meal = $30

Valuation of time spent = $50

Total value of benefit = ($30 + $50) = $80

Since, the benefits exceed the cost, $80 > $75

To learn more about value of benefit, visit:

https://brainly.com/question/29840248

#SPJ4

It is a point at which there is no tendency for change is a true statement about equilibrium.

Option 3 is correct.

The equilibrium market price must match the quantity of the goods desired and delivered. An economy is said to be in equilibrium when all of its forces are in harmony. Economic variables basically remain at their equilibrium levels in the absence of external influences.

Economic equilibrium and market equilibrium are distinct concepts. There is neither a shortage nor a surplus on the market when a product is in equilibrium. The quantity of a good that consumers want to purchase is equal to the quantity that its manufacturers are supplying when supply and demand meet.

which of the following is true about equilibrium?

1. it is a concept used only in economics.

2. it occurs where supply equals demand.

3. it is a point at which there is no tendency for change.

4. economists use it only in the supply and demand model.

5. it can occur when there is either a shortage or a surplus.

Learn more about equilibrium:

brainly.com/question/26075805

#SPJ4

True. Inflation does not reduce the purchasing power of most workers. Revenue from printing money; printing money cause inflation which is like a tax on everyone who holds money.

What is Inflation?

Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines. A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.

The objective of measuring inflation is to determine the overall effect of changes in price for a variety of goods and services. It enables a single value representation of the rise in the cost of goods and services over time in an economy.

To learn more on Inflation from the link:

https://brainly.com/question/8149429

#SPJ4