Reference no: EM132067466
Oriole Lobsters traps and packs lobsters and then sells them wholesale to fine restaurants across Canada. The income statement for last year follows:
Revenue (based on sales of 2,000 cases of lobsters) $200,000
Expenses:
Wages for fishermen and packers $90,000
Packing materials 22,000
Rent and insurance 26,000
Administrative and selling 44,000
182,000
Pretax income 18,000
Taxes (20%) 3,600
After-tax income $14,400
Fishermen and packers are employed on an hourly basis and can be laid off whenever necessary. Sales people mostly deliver the product and are paid on a salaried basis; their salaries are included in administrative and selling expenses.
(a) Estimate the cost function for Oriole Lobsters. (Round variable cost per unit to 2 decimal places, e.g. 15.25.)
Cost function: Total Cost = $ + $ × Quantity
|
What are the accounting principles behind this case
: Maynard Company (B) Diane Maynard was grateful for the balance sheets/Statement of Financial Position (per Case 2, Maynard Company A) that her friend prepared.
|
|
Manage the property and pay howard and mary
: The college will manage the property and pay Howard and Mary $40,000 annually until their deaths. At that time, the property reverts to the college.
|
|
Current cost structure for the organization
: How much additional revenue will need to be generated to cover the costs of the new facilities over the next twenty years?
|
|
What was the balance in opeth moh control account
: At the end of 2016, before doing any closing entries, what was the balance in Opeth's MOH control account?
|
|
Estimate the cost function for oriole lobsters
: (a) Estimate the cost function for Oriole Lobsters. (Round variable cost per unit to 2 decimal places, e.g. 15.25.)
|
|
Calculate the cost of each job completed
: Calculate the cost of each job completed. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,125.)
|
|
Analyze the operating cash flow for this project
: For accounting, it will be depreciated straight-line to zero over the 3-year project life. At the end of the project, the fixed asset will be worthless.
|
|
What is the minimum price that the ayayai managers
: (c) Using only quantitative information, what is the minimum price that the Ayayai's managers should be willing to accept from the foreign firm?
|
|
What is the beta of stock x and stock y
: Assume you are forming a portfolio that comprises 60% in Stock X and 40% in the market portfolio, what are the systematic risk and variance of the portfolio?
|