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Graph 3x - 4y = 8.

College Algebra and Trigonometry | 7th Edition | ISBN: 9781439048603 | Authors: Richard N. Aufmann ISBN: 9781439048603 155

Solution for problem 43 Chapter 2

College Algebra and Trigonometry | 7th Edition

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College Algebra and Trigonometry | 7th Edition | ISBN: 9781439048603 | Authors: Richard N. Aufmann

College Algebra and Trigonometry | 7th Edition

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Problem 43

Graph 3x - 4y = 8.

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ACCT2102 March21,2016–March23,2016 Chapter8(Part2)Notes RelevantCostsforShort-TermDecisions Costs Seg-1 Seg-2 Total SR $ + $ = $ + = VC FC CM $ + $ = $ + = SM $ + $ = $ Trace Common + = DecisionstoDiscontinueProducts,Departments,orStores(KeeporDrop) • Willdiscontinuingtheproductaffectsalesofthecompany’sotherproducts Maybe;increaseordecrease • Whatcouldwedowiththefreedcapacity Segmentedincomestatement 15,00020,0001,50036,500 WhatwillhappentooperatingincomeifGiantEagledropsitsproducelineand makesnootherchangestoitsoperationsFornow,assumethisdecisionwillnot affectthesalesoftheotherdepartments.Decreaseby$1,500to$15,000 Created By: Rachel Moore Not for redistribution. General Meat Deli Total SM $15,000 $20,000 $9,000 $44,000 OPY $24,000 -or- $16,500 + ($9,000 − $1,500) = $7,500 = $24,000 General Meat Deli Total CM $21,000 $25,200 $12,000 SM $16,000 $21,200 $9,000 $46,200 OPY $26,200 2 special 1 pricing 1 keep or drop 1 make or buy OutsourcingDecisions(MakeorBuy) • WhatarethebenefitstooutsourcingTime;space;usuallysavesmoney. • WhatarethedrawbacksMaycostmore;lossofcontrol. • WhattypesofservicesareoutsourcedAccounting,marketing,legal,tangible outsourcing,etc. • Considerations: o Howdoourvariablemanufacturingcostscomparetotheoutsourcing cost(purchaseprice)UnitDM+UnitDL+UnitVariableMOHvsPP o DecreaseintotalFC Created By: Rachel Moore Not for redistribution. Unitvariable=$300 150 × 5,000 = = $750,000 ShouldAmericaroutsourceproductionofthe5,000transmissionsornot Whateffectwouldoutsourcinghaveonoperatingincome Make Buy ($300)(5,000) + $750,000 = $2,250,000 ($400)(5,000) + $450,000 = $2,450,000 OPYwilldecreaseifweoutsource. ShouldAmericaroutsourceifitneeds6,000transmissionsnextperiod,rather than5,000Assumethesamerelevantrangeforallcosts. Make Buy ($300)(6,000) + $750,000 = $2,550,000 ($400)(6,000) + $450,000 = $2,850,000 OPYwilldecreaseifweoutsource. **IfAmericarneeds5,000transmissions,whatisthemaximumpriceitwould bewillingtopaypertransmission** Make Buy ($300)(5,000) + $750,000 = $2,250,000 5,000 + $450,000 = $2,250,000 x=$360 Created By: Rachel Moore Not for redistribution. AssumeAmericarneeds5,000transmissionspermonth.However,let’snow assumethatAmericar’snextbestalternativefortheuseofexcesscapacityis toleaseitoutaswarehousespace.Thespacewouldleasefor$250,000per month.Whataffectwouldoutsourcinghaveonthecompany’soperating income Make Buy ($300)(5,000) + $750,000 = $2,250,000 $400 5,000 + $450,000 − $250,000 = $2,200,000 OPYincreasesby$50,000 Created By: Rachel Moore Not for redistribution. ACCT2102 March23,2016–March25,2016 Chapter9Notes TheMasterBudget Whatisabudget Aplanwithnumbers. Whyshouldcompaniesbudget 1.Planforthefuture 2.Communicationtool 3.Control Howdocompaniesbudget TopDownversusParticipative Prioryearreview,rollingbudgets,andzero-basedbudgets OperatingBudgets • Sales • Purchases(merchandising) • OperatingExpenses GP=(SP)(40%)àcost=(SP)(60%) SalesBudget: August September October November December SR $250,000 $200,000 $216,000 $237,600 $250,000 PurchasesBudget:(onlybudgetthatyoushouldmemorize) October Cost of Sales = $216,000 * 60% November Cost of Sales = $237,600 * 60% October Cost of BI = 40,000 + (10% * $129,600) Created By: Rachel Moore Not for redistribution. August September October November December Cost of Sales $150,000 $120,000 $129,600 $142,560 $150,000 Cost of EI $52,000 $52,960 $54,256 $55,000 (Cost of BI) ($55,000) ($52,000) CostofPurchases $147,000 $120,960 $130,896 $143,304 OperatingExpenses: October November Expense Cashoutflow Expense Cashoutflow SalariesandWages $20,000 $20,000 $20,000 $20,000 SalesCommission $21,600 $20,000 $23,760 $21,600 Lease $10,000 $10,000 $10,000 $10,000 Depreciation* $4,000 $0 $4,000 $0 Utilities,etc. $3,000 $3000 $3,000 $3,000 Insurance $1,000 $0 $1,000 $6,000 BadDebt* $3,024 $0 $3,326,40 $0 Total $62,624 $53,000 $65,086 $60,600 *Not cash transactions; will never be in the cash column. TRUEorFALSE:Toaccuratelydotheoperatingexpensebudgetyouwillneed toknowboththefunctionalityandbehavioralaspectsofthecost.TRUE FinancialBudgets • CapitalExpenditurebudget • CashBudgets o collections/receipts/inflows o payments/disembursements/outflows o combined Created By: Rachel Moore Not for redistribution. CollectionsBudget: August September October November December recallsales $250,000 $200,000 $216,000 $237,600 $250,000 cash(30%) $75,000 $60,000 $64,800 $71,280 $75,000 credit(70%) $175,000 $140,000 $151,200 $166,320 $175,000 October November cashsales (oct)$64,800 (nov) st 1 month80% (sept)$112,000 (oct) 2 month18% (aug)$31,500 (sept) totalcollections/receipts $208,300 $217,440 PaymentsBudget: August September October November December recallpurch. $147,000 $120,960 $130,896 $143,304 recallopexp $53,000 $60,600 October November monthpurchase100% $130,896 $143,304 cashexpenses $53,000 $60,600 capitalexpenditures -- $35,000 totalpayments $183,896 $238,904 If“purchasesmadeforinthemonthofpurchase”istakenawayandreplaced with“2/10net30”–discountisvalidinfirst10daysafterinvoicedate,only pay98%ofprice. Watchfor… 1.Dividends 2.Principalpaymentsonanyoutstandingdebt CashBudget: October November beginningcash $12,000 $36,404 totalcollections/receipts $208,300 $217,440 (totalpayments) $183,896 $238,904 endingcash $36,404 $14,940 Created By: Rachel Moore Not for redistribution. Optionsifendingcashisnegative: 1.Firepeople 2.Investmore 3.Notupgradecomputerequipment 4.Lookatfinancingoptionsforupgrades 5.Offerbiggerdiscountstoincentivisecustomerstopayontime 6.Borrowfromalineofcredit–callbankandaskformoneyinyour account(testquestion) Ifendingcashis-$1,000,youneedtoborrow$11,000togetback toyourgoalendingcash. Created By: Rachel Moore Not for redistribution.

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Chapter 2, Problem 43 is Solved
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Textbook: College Algebra and Trigonometry
Edition: 7
Author: Richard N. Aufmann
ISBN: 9781439048603

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Graph 3x - 4y = 8.