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- During a recession a firm's revenue declines continuously so that the revenue, R (measured in millions of dollars), in t years' time is given by R = 5e v.15t (a) Calculate the current revenue and the revenue in two years' time. Round your answers to three decimal places. Current revenue: million dollars. Revenue in two years: million dollars. (b) After how many years will the revenue decline to $2.6 million? Round your answer to three decimal places. t = years.18. Annual sales: $165,000 Average inventory: $14,700 Inventory turnover (nearest tenth):? Powered by Linklt! >> F9 吕口 F3 000 D00 F4 F7 F8 F5 F6 & $ 4Exercise 1: • Assume we are selling a product for $2 each. • Assume that the variable cost associated with producing and selling the product is 60 cents. • Assume that the fixed cost related to the product (the basic costs that are incurred in operating the business even if no product is produced) is $1000. What is the BEP?
- 2. Exercise 8.2 Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $12 million. Bowen owes his local bank $9 million. Last year Bowen sold $11 million worth of cotton. His variable operating costs were $9 million; accounting depreciation was $40,000, although the actual decline in value of Bowen's machinery was $60,000 last year. Bowen paid himself a salary of $50,000, which is not considered part of his variable operating costs. Interest on his bank loan was $400,000. If Bowen worked for another farmer or a local manufacturer, his annual income would be about $30,000. Bowen can invest any funds that would be derived if the farm were sold to earn 10% annually. (Ignore taxes.) What is Bowen's accounting profit? O $1,560,000 O $1,550,000 O $1,220,000.00 O $1,210,000.00 What is Bowen's economic profit? O $1,550,000 O $1,210,000.00 O $1,560,000 O $1,220,000.005. During the COVID-19 pandemic, a firm's revenue declines continuously so that the revenue, TR (measured in millions of pesos), in t years' time is modeled by TR=5e015t . (a) Calculate the current revenue and also the revenue in two years' time and (b) After how many years will the revenue decline to P2.7 million?The table below shows the annual percentage change in sales for five locations of J&J Burger. Pct. Change, 2019- Pct. Change, 2020- Location 2021 2020 6 -3 -12 -6 11 3 7 10 -2 2 Camarillo Oxnard Ventura Thousand Oaks Simi Valley If the total sales at the Oxnard location are $125,864 in 2021, what were the sales at that same location at the end of 2019? Round to the nearest whole dollar. Type your answer...
- 9. What was the markdown percent for last year if the net sales totaled $79,005 while markdowns were as follows: Month February March April May June July Markdown Dollars ($) 2,985 2,455 2,186 2,234 2,866 3,2743. Sam works for Engineering Enterprises, and he is trying to analyze his cash flow throughout the following time period: Cash flows in year 1 -4 have been at a steady $1M/year. However due to the COVID pandemic in year 5 the company had to completely shut down its operations for a year. In year 6 the company was able to maintain the revenue of $1M, however there was a 15% decline in sales in the following periods. a) Draw the cash flow diagram b) Based on PW analysis and an interest rate of 5%, overall, how did the company perform during the 8-year study period? c) Convert your answer to AW based on your answer from part b)5. The average lifetime duration of credit card clients of Work Bank is 5 years. a) What is retention rate of Work Bank for credit card clients? b) What is defection rate of Work Bank for credit card clients? c) If Work Bank had 100,000 credit card customers clients in the beginning of 2015, how many of these clients will be retained by the Bank by the end of 2018? (assume that the retention rate does not change throughout the years 6. The defection rate of the time-deposit clients of White Bank is 10%? a) What is retention rate of White Bank's time deposit clients? b) What is the life time duration of White Bank's time deposit clients? 7. GOLDY, an expensive jewelry shop acquired 5 clients in the beginning of 2010. (Assume that we are now at 2018 year end.) 1st client stopped purchasing from GOLDY at the end of 2012. 2nd client is still purchasing from GOLDY. 3rd client died at the end of 2014 4th client is still purchasing from GOLDY. 5th client is stopped purchasing from GOLDY at…
- 2.The Secretary of the Treasury was authorized by Congress to mint and sell a stated number of commemorative coins to raise funds to restore and renovate the Statue of Liberty. The U.S. Mint mailed advertising materials to persons, including Mary and Anthony Mesaros, that described the various types of coins that were to be issued. Payment could be made by check, credit card, or money order. Directly above the space provided on the order form for the customer’s signature was the following: “YES. Please accept my order for the U.S. Liberty Coins I have indicated. “ Mesaros forwarded to the Mint a credit card order for $1,675 for certain coins. Cash orders were processed before credit card orders. The 500,000 authorized coins were distributed before the Mesaros’ credit card order was able to be processed. The Mint notified the Mesaros that their order would not be filled. The coins increased in value 200% within the first few months after distribution. The Mesaros sued the U.S.…1. Use the following data to answer the questions below about actual food and beverages costs for the Marina Bay Grill for July: Ending Inventory (Food) $68,000 Ending Inventory (Beverage) $23,470 Food Purchases $350.000 Beverage Purchases $24,700 Beginning Inventory (Food) $72,000 Beginning Inventory (Beverage) $19,700 Transfers to Bar $3,870 Beverage Theft/Pilferage $510 Food Over-Portioning Expense $615 Transfers from Bar $4,100 Complementary Food $2,160 Complementary Beverages $890 Employee Meal Cost $11,225 Food Revenues $878,000 Beverage Revenues $116,500 What is the net cost of sales for food and beverage? Indicate dollar and percentage cost. Food: $354,000 Beverages: $20,930 $994,500 total food and beverage sales 878,000/994,500 x 100 = 88% = percentage of sales(food)Inventory Management -- Class Work Sheet (CW-14) Q. 14. Jean-Marie Bourjolly's restaurant has the following inventory items that it orders on a weckly hai .. a) Which is the most expensive item, using annual dollar volume? b) Which are C items based on annual dollar volume? c) What is the annual dollar volume for all 20 items? SValue #Ordered per Week 52 week $ Total % of inventory Cumulative Imventory 5 Inventory Item per Case Item no Rank Васon Chickens Eggs (case) Fish filets French fries Garlic powder Lettuce (case) Lobster tail Napkins Oil Order pads Pasta Pepper Prime rib Rib eye steak Salt Sugar Tablecloths Tomato sauce Trashcan liners 56 75 22 143 43 11 2. 3. 14 7. 10 32 35 245 12 28 12 23 8. 6. 2 10 11 12 13 14 15 16 17 18 19 20 166 135 4. 32
