Reference no: EM132952874
ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA).
For the first 6 months of 2020, the company reported the following operating results while operating at 80% of plant capacity and producing 119,400 units.
AmountSales$4,656,600
Cost of goods sold3,684,708
Selling and administrative expenses526,292
Net income$445,600
Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $266,000.
In July, normally a slack manufacturing month, ThreePoint Sports receives a special order for 10,000 basketballs at $28 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.77 per unit because of shipping costs but would not increase fixed costs and expenses.
Problem 1: Make an incremental analysis for this special order
|
Trade-off between the time value of money
: "The early exercise of an American put is a trade-off between the time value of money and the insurance value of a put."
|
|
Calculate the profitability index for investment
: Hanmi Group, a consumer electronics conglomerate, is reviewing its annual budget in wireless technology. It is considering investments in three different techno
|
|
Draft a professional email to instructor
: You are disputing the grade you received on the assessment and you have decided to email your professor. Draft a professional email to your instructor.
|
|
Calculate the required rate of return for best inc
: Calculate the required rate of return for Best Inc., assuming that (1) investors expect a 3% rate of inflation in the future, (2) the real risk-free rate is 3.0
|
|
Make an incremental analysis for the special order
: Make an incremental analysis for this special order. In July, normally a slack manufacturing month, ThreePoint Sports receives a special order for 10,000 basket
|
|
How margin accounts protect investors against credit risk
: QUESTION 1: PLEASE critically discuss how margin accounts protect investors against credit risk.
|
|
Prepare the Statement of Changes in Capital
: A receives a salary of P20,000 and a bonus of 3% of income after all bonuses. Prepare the Statement of Changes in Capital
|
|
Prepare the journal entries for flint co for the dates
: Flint Co. purchased a put option on Echo, Prepare the journal entries for Flint Co. for the dates. January 7, 2020-Investment in put option on Echo shares
|
|
Explain why a company reported earnings
: Explain why a company's reported earnings may not necessarily be an objective measure of economic reality. Give examples of when this might occur
|