Description
The attached file has some practice exam questions that I need help with. All the answers are listed on the attachment as well. Solve the questions and give step by step explanation as to how to get the answers so I can solve similar problems on my own.
Please only bid if you can complete them in five hours or less. There are 6 questions in the attachment.
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Explanation & Answer
Attached.
All the answers for these problems are here however I don’t know how to solve for them so I need
detailed, step-by-step work shown so I can solve similar problem by myself.
Solution: Expected Value of Capacity is $715,000
Explained:
Option 1:
$500,000 (fixed cost per year)
$2 (variable cost per unit)
Total Cost = 500,000 + 2(x)
500,000+ 2(25,000)=550,000 Low
500,000+2(60,000)=620,000 Medium
500,000+2(100,000)=700,000 High
Expected Value = (550,000*30%)+(620,000*40%)+(700,000*30%)=623,000
Option 2:
$100,000 (fixed cost)
$10 (variable cost)
Total Cost = 100,000 + 10(x)
100,000+10(25,000)=350,000 Low
100,000+10(60,000)=700,000 Medium
100,000+10(100,000)=1,100,000 High
Expected Value = (350,000*30%)+(700,000*40%)+(1,100,000*30%)=715,000
7-1 Solve for C, D and E
Solution: c) Revised profit margin is 10% d) Revised ROA is 40% e) COGS is $66,666,6667
Explained:
C & D) If the Cost of Goods Sold & Merchandise I...
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