Reference no: EM132664708
Billy Davidson operates Billy's Worm Farm in Mississippi. Davidson raises worms for fishing. He sells a box of 20 worms for $12.60. Davidson has invested $400,000 in the worm farm. He had hoped to earn a 24% annual rate of return (net income divided by total assets), which works out to a 2% monthly return on his investment. After looking at the farm's bank balance, Davidson fears he is not achieving this return. To evaluate the farm's performance, he prepared the following production cost report. The Finished Goods Inventory is zero because the worms ship out as soon as they reach the required size. Monthly operating expenses total $2,000
Billy Davidson has the following questions about the farm's performance during June.
Problem 1. What is the cost per box of worms sold? (Hint: This is the unit cost of the boxes completed and shipped out of brooding.)
Problem 2. What is the gross profit per box?
Problem 3. How much operating income did Billy's Worm Farm make in June?
Problem 4. What is the return on Davidson's investment of $400,000 for the month of June? (Compute this as June's operating income divided by Davidson's $400,000 invest-ment, expressed as a percentage.)
Problem 5. What monthly operating income would provide a 2% monthly rate of return? What sales price per box would Billy's Worm Farm have had to charge in June to achieve a 2% monthly rate of return?
What you have learned about social determinants of health
: Reflecting on what you have learned about the social determinants of health, SDOH, how can nurses work collaboratively with physicians and other health care.
|
Calculate net capital gains
: Question - Calculate net capital gains (losses) to be included in Madison Turner's tax return for the years ending 2019 and 2020
|
How current policy transformed the current practice of nurse
: How has current policy transformed the current practice of nurses, physicians, and other healthcare professionals? What distinction can you make between.
|
Supply chain security
: Describe roles and responsibilities within an organization that help assure proper security when purchasing hardware, software,
|
How much operating income did billy worm farm make in june
: How much operating income did Billy's Worm Farm make in June? What is the return on Davidson's investment of $400,000 for the month of June?
|
Provide the journal entries
: On December 31, 20x1, ABC committed to a plan to sell its building at its current condition. Provide the journal entries from Dec 31, 20x1 to Dec 31, 20x4
|
Find form of business organization
: After consulting with family and friends, she had an idea, but does not know what forms of business should she start with.
|
What were you hoping to achieve with the decisions
: Sabrina is a 26 year old female who has just been diagnosed with multiple sclerosis. She has scheduled an appointment for a follow up with her physician.
|
Why kb cosmetics would grant credit to the customers
: Give one reason why KB Cosmetics would grant credit to its customers? What are 2 possible costs for granting credit for KB Cosmetics inc.?
|