you own gold’s gym franchise. if you pay your staff 40% of your revenue, and 75%...
Homework Answers
| Particulars | |
| Revenue | 100% |
| Salary to Minimum Wage Earners | 30% |
| Salary to Others | 10% |
| Profit Margin | 60% |
| When minimum wage increases by 50% | |
| Particulars | |
| Salary to Minimum Wage Earners | 45% |
| Salary to Others | 10% |
| Profit Margin Required | 60% |
| Revenue Required | 115% |
| Revenue must be increased by 15% to maintain profit margin |
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you
own gold’s gym franchise. if you pay your staff 40% of your
revenue, and 75%...
1.Calculate the Regular Pay and Overtime Pay based on a regular 40-hour workweek in cells F5...
1.Calculate the Regular Pay and Overtime Pay based on a regular
40-hour workweek in cells F5 and G5 respectively. Pay overtime only
for overtime hours. Note that the base work hours and overtime rate
is given under the Assumptions section of the Payroll Data
worksheet. In cell H5, calculate the Gross Pay based on the regular
and overtime pay.
2. Write a formula in cell I5 to calculate the Taxable Pay.
Multiply the number of dependents (given in column C)...
You quit your job that pays $60,000 in order to open your own business. If your...
You quit your job that pays $60,000 in order to open your own business. If your total revenue is $80,000, rent is $10,000, and supplies are $20,000, how much is your economic profit? Select one: O a. $10,000 O b. $10,000 O c. $20,000 O d. $30,000 Next pa # Perfect Competition in the Short Ru Jump to... wers
Question 2 (evaluating customer profitability) You own a credit card company. You want to evaluate the profitability of...
Question 2 (evaluating customer profitability) You own a credit card company. You want to evaluate the profitability of two representative customers, A and B. The numbers for customers A and B are as follows: customer Acustomer B credit card balance $500 $200 number of transactions number of customer-support calls 20 50 20 Your revenues and costs for customers are as follows: * Revenues: The only source of revenue is the interest you charge on credit card balances. You charge customers...
You are managing a conference at your college. Your fixed costs are $15,000. You must pay...
You are managing a conference at your college. Your fixed costs are $15,000. You must pay the 10 speakers $700 each and the college union $300 per conference participant for food and lodging costs. You are charging each conference participant who is not also a speaker $900, which includes the conference fee and food and lodging costs. (a) Develop a spreadsheet model to calculate the total profit of the conference if you have 100 paid registrants. (b) How many paid...
CVP On Your Own #1 Just after completing your degree at MU, you and a buddy...
CVP On Your Own #1 Just after completing your degree at MU, you and a buddy decide to start your own business, Books R Us, selling your detailed notes from the courses you completed at school. You took 24 courses, and so did your friend, so you have notes for 48 total classes for incoming students to choose from. Each booklet of notes you sell will be 100 pages, regardless of the course. It costs you $2 in coiling for...
You own a small store. Your beginning inventory as of 1/1/20X9 was $8,000, ending inventory as...
You own a small store. Your beginning inventory as of 1/1/20X9 was $8,000, ending inventory as of 12/31/20X9 was $3,500. You purchased $29,000 of new goods in 20X9. Your sales revenue for 20X9 was $51,000. Your selling and administrative (S&A or period) costs for 20X9 were $6,000. Required: a) How much was the cost of goods sold (COGS) for 20X9? b) Prepare the income statement for 20X9: Sales Revenue COGS Gross Margin S&A Profit
Decision Tree Analysis Construct a decision tree. You are going to open a private gym in...
Decision Tree Analysis Construct a decision tree. You are going to open a private gym in Chantilly, Virginia. Your idea is to provide fitness service for women only, but including men in not out of the realm of possibility. The cost and time to have the building owner build-out the facility is one month and $80,000. If you do the work yourself, the owner of the building will give you break on your rent but it will take you four...
Question 3: Evaluating customer profitability You own a credit card company. You want to evaluate the...
Question 3: Evaluating customer profitability You own a credit card company. You want to evaluate the profitability of customers A and B. customer A customer B credit card balance $1,500 $600 number of transactions 150 60 number of customer-support calls 60 The only source of revenue from customers is the interest that you charge on credit card balances. You charge customers an interest rate of 40%. Thus, if the credit card balance is $1,000, revenue is $1000*0.4=$400. Variable costs are...
Question 3: Evaluating customer profitability You own a credit card company. You want to evaluate the...
Question 3: Evaluating customer profitability You own a credit card company. You want to evaluate the profitability of customers A and B. customer A customer B credit card balance $500 $200 number of transactions 50 20 number of customer-support calls 20 1 The only source of revenue from customers is the interest that you charge on credit card balances. You charge customers an interest rate of 30%. Thus, if the credit card balance is $1,000, revenue is $1000*0.3=$300. Variable costs...
You are considering opening your own restaurant. To do so, you will have to quit your...
You are considering opening your own restaurant. To do so, you will have to quit your current job, which pays $46k per year, and cash in your life savings of $200k, which have been in a certificate of deposit paying 6% per year. You will need this $200k to purchase equipment for your restaurant operations. You estimate that you will have to spend $4k during the year to maintain the equipment so as to preserve its market value at $200k....
1.Calculate the Regular Pay and Overtime Pay based on a regular
40-hour workweek in cells F5 and G5 respectively. Pay overtime only
for overtime hours. Note that the base work hours and overtime rate
is given under the Assumptions section of the Payroll Data
worksheet. In cell H5, calculate the Gross Pay based on the regular
and overtime pay.
2. Write a formula in cell I5 to calculate the Taxable Pay.
Multiply the number of dependents (given in column C)...
You quit your job that pays $60,000 in order to open your own business. If your total revenue is $80,000, rent is $10,000, and supplies are $20,000, how much is your economic profit? Select one: O a. $10,000 O b. $10,000 O c. $20,000 O d. $30,000 Next pa # Perfect Competition in the Short Ru Jump to... wers
Question 2 (evaluating customer profitability) You own a credit card company. You want to evaluate the profitability of two representative customers, A and B. The numbers for customers A and B are as follows: customer Acustomer B credit card balance $500 $200 number of transactions number of customer-support calls 20 50 20 Your revenues and costs for customers are as follows: * Revenues: The only source of revenue is the interest you charge on credit card balances. You charge customers...
You are managing a conference at your college. Your fixed costs are $15,000. You must pay the 10 speakers $700 each and the college union $300 per conference participant for food and lodging costs. You are charging each conference participant who is not also a speaker $900, which includes the conference fee and food and lodging costs. (a) Develop a spreadsheet model to calculate the total profit of the conference if you have 100 paid registrants. (b) How many paid...
CVP On Your Own #1 Just after completing your degree at MU, you and a buddy decide to start your own business, Books R Us, selling your detailed notes from the courses you completed at school. You took 24 courses, and so did your friend, so you have notes for 48 total classes for incoming students to choose from. Each booklet of notes you sell will be 100 pages, regardless of the course. It costs you $2 in coiling for...
Question 3: Evaluating customer profitability You own a credit card company. You want to evaluate the profitability of customers A and B. customer A customer B credit card balance $1,500 $600 number of transactions 150 60 number of customer-support calls 60 The only source of revenue from customers is the interest that you charge on credit card balances. You charge customers an interest rate of 40%. Thus, if the credit card balance is $1,000, revenue is $1000*0.4=$400. Variable costs are...
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