Business, 15.12.2021 06:00 kieranoid2017
It is time to show more of Business Challenge and Business Project you initiated and discussed during our “Management I” course.
A. What is your Business Model Canvas?
B. Describe the benefits that derive from preparing a profit and loss statement using the contribution margin format. With your own business assumptions, prepare your Profit and Loss statement for the year ending 31 December 202X in both the conventional format and the contribution margin format. The P/L statement in the conventional format, for suggestion:
Sales revenue
Less Cost of sales
Gross Profit
Operating expenses
Salaries and Wages
Marketing
Rent
Maintenance
Other
Total operating expenses
Net Profit
C. In what ways might you as a manager use cost–volume–profit analysis? What is your business current breakeven point?
Answers: 3
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Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:
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Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.
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