MycroFiber is a producer of microfiber material for the auto detailing industry. Jamal, the owner of MycroFiber is highly skilled in the technical and manufacturing areas, but does not understand pricing. Jamal knows he wants to cover the cost of production when selling his material and needs revenue to cover his overhead costs and to make a profit. To be sure he meets these goals, Jamal decides to take a cost-based pricing approach. If MycroFiber's cost of production is $4 a square yard, Jamal and Jamal prices his material at $10 a square yard, what is MycroFiber's margin percentage?

a. 40%.
b. 150%.
c. 60%.
d. 250%.

Answers

Answer 1

Answer:

40%

Explanation:

The MycroFiber's cost of production is $4 a square yard.

The Price of the material is $10 a square yard

The margin percentage is calculated as shown below:

Profit Margin = Profit/Revenue

Profit Margin = ($4/$10)* 100%

Profit Margin 40%

MycroFiber's margin percentage is 40%

The correct option will be "a. 40%."


Related Questions

Classify each statement about the Federal Reserve System as either true or false.
You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop.
The Federal Reserve was established by the U.S. Constitution in the late 1700s.
The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates.
All Federal Reserve actions are subject to veto by the executive branch.
The Federal Reserve determines monetary policy in the United States.
The Federal Reserve was created by the Federal Reserve Act of 1913.
Answer Bank
False
True

Answers

Answer:

False

true

false

true

true

Explanation:

The Federal Reserve is the central bank of the United States. It was created in  December 23, 1913 by the Federal Reserve Act. It three main objectives as established by the US congress are :  promoting economic growth, full employment, stable prices. the last two objectives are referred to as the dual mandate of the Federal reserve

The dual mandate of the Federal Reserve was birthed as a result of the stagflation of the 1970s. Stagflation is a period of high unemployment and high inflation levels

The dual mandate are: high employment, stable prices and moderate long-term interest rates.

The Federal Open Market Committee (FOMC) which is a committee of the Federal Reserve determines monetary policy.

5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)

6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)

Answers

PART I

Answer:

The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.

Explanation:

SWOT

Strengths

Unique Value Proposition which is healthier bread and cake recipes20 years experience in baking which translates to strong industry  knowledge

Weaknesses

Insufficient Equipment to go withWeak or zero visibility for new business

Opportunities

Little or no competition as the recipes are unique to meHuge demand for healthier pastry especially in my current location

Threats

The industry is heavily regulated and may be shut down if there are compliance issuesOne competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.

Part II

Answer:

The persons I would give the business plan to are:

My family An angel investor who I met on LinkedIn who supports small businesses and start-upsMy banker of over 20 years

I would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come byBanks always have the funds but the funds come at a higher cost than the first two.

Cheers

EASY!! Please help!! 25 points

An entrepreneur wants to start a new business. She needs a huge amount of
capital to get started but is willing to divide the profits and control over the
company among a large group of investors. Which type of business would
best suit her needs?
A. Sole proprietorship
B. Partnership
C. Limited liability company
O D. Corporation

Answers

Answer:

Corporation

Explanation:

The type of business that would best suit the needs of the entrepreneur will be a corporation. Thus the correct answer is D.

What is an entrepreneur?

An entrepreneur refers to a person who willing to start his own business based on creativity and innovation by taking a high risk to achieve some profit to improve the standard of living of people and makes life easy.

An organization whose investors choose a board of administrators to handle its functioning is called a corporation. The corporation is accountable for the business's financial and operational stability.

In this instance, when an entrepreneur wants to launch a new firm. She needs a significant amount of money to begin starting but is prepared to divide the company's revenues and control among a big number of investors considered as a corporation will be best suited to her needs.

Therefore, option D Corporation is appropriate.

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The invention of the flying shuttle and the spinning jenny helped fuel the Industrial Revolution by making it possible for one person to do the work of many.

True
False

Subject: Career success skills

Answers

True I think tell me if I’m wrong

The internet makes it more difficult to participate in international trade.
TRUE OR FALSE

Answers

Answer:

TRUE

Explanation:

Because it's giving every player a chance.

The annual interest payment on bonds: decreases over the life of the bonds when bonds are issued at a discount. stays constant over the life of the bonds, regardless of whether bonds are issued at par, a discount, or a premium. increases over the life of the bonds when bonds are issued at a discount. increases over the life of the bonds under the effective-interest method, but stays constant under the straight-line method of amortization.

Answers

Answer:

stays constant over the life of the bonds, regardless of whether bonds are issued at par, a discount, or a premium.

Explanation:

The Annual Interest payment is calculated as follow

Annual Interest payment = Face value x Coupon rate

The Face value and coupon rate remain the same because these are constant values.

The interest payment is independent of the price of the bond. Whether the bond is issued on premium or on discount, the interest payment remains the same

A product line refers to Multiple Choice a group of product or service items that are closely related in terms of needs satisfied, uses, customer group, outlets, or price range. the entire product category or industry. the variations within a product class. a specific product SKU that has a unique brand, size, or price. a product and all its ancillary services (warranties, financing, etc.).

Answers

Answer:

D) a group of product or service items that are closely related in terms of needs satisfied, uses, customer group, outlets, or price range.

Explanation:

Product line can be regarded as group of related products which is been

marketed by the use of single brand name which is been sold out by the same company in question, expansion of offerings by companies is done through addition of existing product lines, since consumer prefer buying from brand they know big before.

It should be noted that A product line refers a group of product or service items that are closely related in terms of needs satisfied, uses, customer group, outlets, or price range.

If the Purchasing Power Parity (PPP) holds, even in the short run, then: Group of answer choices Quoted exchange rates should decrease over time Quoted exchange rates should remain constant over time Real exchange rates should decrease over time Real exchange rates should remain constant over time Real exchange rates should increase over time

Answers

Answer:

Real exchange rates should remain constant over time.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. Also, the price of goods and services are primarily being set by the seller or service provider.

Purchasing power parity (PPP) can be defined as an economic theory of exchange rate determination which states that, the exchange rates between currencies of two different countries are in equilibrium when their price level of a fixed basket of goods and services (purchasing power) are the same.

According to the flexible-price monetary model which was developed by Frenkel and Mussa in 1976, it states that the prices of goods are flexible while the purchasing power parity (PPP) is always constant i.e the real exchange rate is always constant over a specific period of time.

Hence, if the Purchasing Power Parity (PPP) holds, even in the short run, then real exchange rates should remain constant over time.

If the broker, while acting as agent in a sale of real property, misrepresents the principal's property to a buyer,

Answers

• Rescission of the sale by the buyer

• A court action for damages by the buyer

• Tort liability

Hope this helps!

The target cost is __________. ANSWER Unselected reevaluating activities to reduce costs while satisfying customer needs Unselected the amount a customer is willing to pay for a good or service Unselected the maximum cost to develop, produce, and deliver the product or service and earn the desired profit Unselected the minimum cost to develop, produce, and deliver a good or service Unselected I DON'T KNOW YET

Answers

Answer:

the maximum cost to develop, produce, and deliver the product or service and earn the desired profit

Explanation:

Target Cost is Selling Price – Profit Margin

Target Cost = Selling Price – Profit Margin

Features of target cost

1. The price at which the good and service is sold is determined by market conditions

2. Cost reduction is the difference between current cost and target cost

Advantages if target cost

1. It ensures that a product being created is profitable

2. Due to the fact that the product is developed in line with consumers wants, it increases the sales of the product

Disadvantage of target costing

1. If cost estimate is wrong, it can lead to failure of the venture

How do margin trades magnify both the upside potential and the downside risk of an investment position?

Answers

Answer and Explanation:

Margin trades work this way because they allow them to extend the amount of money invested regardless of whether the security's price drops or rises. In a more simplified way, we can state that the margin trade allows that even if the price of a security goes up or down, the invested money presents a percentage of gain or loss much bigger than the original value. This is because this money was deposited as a loan guarantee, allowing interest to run on it, increasing it.

Kurt bought a vacant lot in a development that was 85% completed. When he started working with the builder to lay out where the house and driveway would lie, it was determined that he would need an easement because his driveway would spill over onto the adjacent lot by a few feet. What type of easement is this?

Answers

Answer: Dominant estate

Explanation:

Based in the description given in the question, the type of easement is a dominant estate.

The dominant estate refers to the parcel of real property which has an easement over another property. The dominant estate receives the benefit from another owner which is referred to as the servient estate.

A seller delivered a deed to a buyer at the closing. A title search disclosed no serious defects, and the title did not appear to be based on doubtful questions of law or fact nor did it appear to expose the buyer to possible litigation. The seller's title did not appear to present a threat to the buyer's quiet enjoyment, and the title policy was sufficient to convince a reasonably well-informed person that the property could be resold. The title conveyed would commonly be called

Answers

Answer:

A marketable title

Explanation:

A marketable title in real estate is on that is legally considered free from defect. Buyers will have no issues with accepting the title because there are no objectionable items associated with the title.

It means the property in question is free of easements, liens, encumbrances or other legal defects.

In the given scenario a title search disclosed no serious defects, and the title did not appear to be based on doubtful questions of law or fact nor did it appear to expose the buyer to possible litigation.

This is a marketable title.

In the model of monopolistic competition, trade costs between countries cause A) marginal costs of exported goods to exceed the marginal costs of goods sold domestically. B) all firms that can earn a profit on domestic sales to export their goods at higher prices. C) countries to negotiate the elimination of trade costs by mutual subsidization of trade. D) marginal costs of goods sold domestically to exceed the marginal costs of exported goods. E) all firms that can earn a profit on domestic sales to export their goods at lower prices.

Answers

Answer:

A) marginal costs of exported goods to exceed the marginal costs of goods sold domestically.

Explanation:

In the case when there is the monopolistic competition so the trade cost that lies between the countries could result in the marginal cost with respect to the goods that are exported should be more than the marginal cost of the goods that sold domestically

So as per the given situation, the option a is correct

what do you need to know to make good career decisions?

if anyone's able to write me a paragraph (about 100-200 words) for this question, I'd rly appreciate it. if not, it's alright, maybe a few sentences will help. thanks in advance!

(this isn't actually business, it's career ed. just chose the subject closest to it).​

Answers

Answer:

Career is a very important thing in one’s life. Whatever career path you choose to follow, it will impact your life greatly. Your career will define your status in a society in addition to your lifestyle. In other words, your career will determine your social circle and relationships.Therefore, it is extremely important to choose the correct career path. From a very young age, we aspire to be something or the other. While someone aims to be a doctor, some wish to become a painter.

Explanation:

hope this helpa

I think there are two factors for making a career decisions:

1. You like that career

2. That career is useful in future (financially)

If any 1 of these is left out, you may don't like what you are doing or you may have to do something you don't like for a living (along side with your main career choice).

Firstly, you should research the following things:

1. How hard it is?

2. What future choices does it offers?

3. How much competition is there?

4. Will you be able to compete with the other students who have chosen that career?

5. Do you already have some knowledge about it or you have to start from scratch?

After answering these questions, you should be able to choose your career.

Thanks.

P.S.: I am not some expert, I just know a little. So, there may be some points that I don't know or forget to mention.

Rita: The original purpose of government farm subsidy programs was to provide income stability for small family farmers. But most farm-subsidy money goes to a few farmers with large holdings. Payments to farmers whose income, before subsidies, is greater than $100,000 a year should be stopped.
Thomas: It would be impossible to administer such a cut-off point. Subsidies are needed during the planting and growing season, but farmers do not know their income for given calendar year until tax returns are calculated and submitted the following April.
Which one of the following, if true, is the strongest counter Rita can make to Thomas' objection?
(A) It has become difficult for small farmers to obtain bank loans to be repaid later by money from subsidies.
(B) Having such a cut-off point would cause some farmers whose income would otherwise exceed $100,000 to reduce their plantings.
(C) The income of a farmer varies because weather and market prices are not stable from year to year.
(D) If subsidy payments to large farmers were eliminated the financial condition of the government would improve.
(E) Subsidy cut-offs can be determined on the basis of income for the preceding year.

Answers

Answer: E. Subsidy cut-offs can be determined on the basis of income for the preceding year.

Explanation:

Since Thomas counters Rita's point stating that during the initial part of the season, subsidies are needed. On the other hand, the income for the year will be calculated when the year ends.

To counter Thomas, it should be noted that Rita can say that subsidy cut-offs can be determined on the basis of income for the preceding year.

its goofub4bu4gb8f493h4gvfb89f4

Answers

Answer:

Cool so use english

Explanation:

lolLloleoreniiwkv ibyuerw

Answers

Hhahahlool loolllol lol

Kilian Company's inventory balance at the end of the current year does not include $10,000 of inventory that was stored in a separate warehouse and accidentally excluded from the physical count. If the error is not discovered, the effect of this error on financial statements in the following year will be: Multiple choice question. overstated net income the financial statement will be correct understated assets, retained earnings, and net income overstated assets, retained earnings and net income

Answers

Answer: assets, retained earnings and net income understated

Explanation:

The assets will be understated because inventory is part of assets and if some inventory was not included, the inventory figure would be less than it should be meaning that assets are understated.

Closing inventory is deducted from Cost of Goods sold. If this inventory is not included in the income statement, the Cost of Goods sold would be larger than it should be and would therefore reduce the income more than it should have as it is an expense.

Net income would therefore be understated and this would translate to an understated retained earnings as retained earnings come from net income.

HELP HELP HELP!!! Why would an investor choose to invest in speculative stocks when he or she could invest in blue-chip stocks instead?

Answers

Answer:

They offer potentially high returns to compensate for the high risk associated with them!

Hãy lựa chọn một công ty sử dụng dịch vụ nghiên cứu marketing của các nhà cung cấp bên ngoài 1.Lý do công ty phải thuê ngoài 2.Những tổ chức nào đã cung cấp dịch vụ marketing cho công ty? 3.CÔNG TY THUÊ MỘT HAY THUÊ TOÀN BỘ CAC HOẠT ĐỘNG NGHIÊN CỨU MARKETING

Answers

uuuuuuummmmmmmmmmmmmmmmm.....

An investor purchases 1,000 mutual fund shares with a Net Asset Value of $10 each, where the fund imposes a 5% contingent deferred sales charge if the shares are redeemed within the first year. The sales charge decreases by 1% for each year the investor remains invested in the fund. If the investor were to redeem his shares during the second year of holding the fund, based upon the NAV of $10, he or she will receive:
A. $10,000
B. $9,600
C. $9,500
D. $9,400

Answers

Answer:

B. $9,600

Explanation:

Calculation to determine the amount he or she will receive

Amount Received=(1000*$10)*[100%-( 5% contingent deferred -1%Decrease in sales charge)

Amount Received=$10000-(100%-4%)

Amount Received=$10000*96%

Amount Received=$9,600

Therefore he or she will receive $9600

Within his company, Vernon has set up a system with inputs, outputs, transformation processes, and feedback. He utilizes a management style that varies according to the individual and environmental situation, with a strategy for minimizing errors by managing each stage of production. Vernon is utilizing a ________ perspective. Group of answer choices

Answers

Answer:

contemporary

Explanation:

Since in the question it is mentioned that the vernon has set up the system having an input, output, etc also the management style should be changed as per the individual & environmental situation so here he applied the contemporary perspective for minimizing the errors so that the wastage could be reduced and helps in attaining the objectives in an efficient manner

Which expense category will most likely be changed to allow money for the purchase of a car?
O savings
groceries
Outilities
o entertainment

Answers

entertainment! for sure. you dont need to go to the movies but you need food lol

It is likely that the savings category will be changed to allow money for the purchase of a car.

What is saving?

Saving refers to the act of setting aside a portion of income or resources for future use. It is a critical aspect of personal finance as it allows individuals to plan for their long-term financial goals and provides a safety net in case of unexpected expenses or emergencies.

Saving can be done in a variety of ways, such as opening a savings account, investing in stocks or other assets, or simply keeping cash in a safe place. The amount saved can be small or large, depending on one's income and financial goals.

Some people save for specific goals, such as a down payment on a house or a college education for their children, while others save to build an emergency fund or to save for retirement.

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which term is used when businesses do not maximise output from given inputs ?​

Answers

Answer:

What Is Efficiency? Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output.

9. The cost for a car is $500 000, a decountered of 5% will be offered if the money is peld within 1 year. What is the trade discount?​

Answers

Answer:

The trade discount is the discount of 5% equivalent to $25,000

Explanation:

The question parameters are;

The cost of the car, c = $500,000

The amount the car's list price is discounted = 5%

The duration over which the payment for the car should be made to receive the discount = 1 year

Therefore, the trade discount is the 5% of the list price, which is equivalent to 5/100 × $500,000 = $25,000

A trade discount is a reduction of the retail price of a good which a wholesaler or manufacture of the good gives a trader, which may be a wholesaler or a retailer based on certain agreements, when a group of goods or a particular type of goods is purchased

Building Big Box is a home improvement store based in Kansas and has been responsible for introducing some of the most innovative new products for the home improvement marketing in the Mid-West region. The Johnson family founded the company fifty years ago, but they now realize they needed to convert the business into a corporation and establish functional areas within the company to handle various aspects of operations. The company is now considering expanding operations by building another facility in Canada. The Board of Directors has approved this move. Which functional area will be responsible for securing the necessary funding for the expansion

Answers

Answer: Finance

Explanation:

The functional area that will be responsible for securing the necessary funding for the expansion is the finance department.

The finance department refers to the department in an organization which is responsible for funds acquisition, funds management and planning for the expenditures on assets.

Since the company is expanding operations by building another facility in Canada, the finance department will provide the funds.

Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory on account. (2) Returned $1,000 of the inventory purchased in Event 1. (3) Paid the remaining balance in account payable for the inventory purchased in Event 1. (4) Sold inventory purchased in Event 1 for $5,000 to customers on account. At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash

Answers

Answer:

$(4,000)

Explanation:

Calculation to determine At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash

Inventory purchased on account $5000

Less Returned of inventory purchased $1,000

Net Operating Cash Flow $(4,000)

($5,000-$1,000)

Therefore At the end of the first accounting period what would be reported for Net Operating Cash Flow on the Statement of Cash is $(4,000)

The reported for Net Operating Cash Flow on the Statement of Cash will be $4,000,

Particulars                                                 Amount

Inventory purchased on account            $5000

Less Returned of inventory purchased  $1,000

Net Operating Cash Flow                       $4,000

In conclusion, the reported for Net Operating Cash Flow on the Statement of Cash will be $4,000,

Read more about Operating Cash Flow

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A company incurs factory overhead costs of $1,200 and applied $1,500. If the difference is considered immaterial, then the: (Check all that apply.) Multiple select question. Factory Overhead account has a credit balance of $300 before adjusting. adjusting entry will require a debit to Cost of Goods Sold. adjusting entry will require a credit to Cost of Goods Sold. Factory Overhead account has a debit balance of $300 before adjusting.

Answers

Answer:

Factory Overhead account has a credit balance of $300 before adjusting.

adjusting entry will require a credit to Cost of Goods Sold.

Explanation:

Given that the actual overhead is $1,200 so the same should be debited to factory overhead account

And, the applied overhead is $1,500 so the same should be credited to the factory overhead account

In addition to this, the applied overhead is more than the actual overhead

So, these two statements should be considered

in Business studies. what the business owes the other is called what​

Answers

Answer:assets

Explanation:

Answer:

Assets are what a business owns and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equals equity, or an owner's net worth.

Explanation:

Other Questions
Suppose that each student at a university has one of 4 expected graduation years and one of 21 majors. How many students must be enrolled to guarantee 2 graduations in the same year and major? Why is stress not good for students If I am writing an expository essay, this is considered my:audiencethesistaskpurpose An airplane is traveling at 940 km/h. How long does it take to travel 2.00 km? Exhibit 11-10 n = 81 s2 = 625 H0: 2 = 500 Ha: 2 500 At 95% confidence, the null hypothesis _____. a. should not be rejected b. should be revised c. should be rejected d. None of these answers are correct Q. A board that measures feet long is cut into 6 equal pieces. What is the length of each piece?A. 1} inchesB. 3 inchesC. 3 inchesD. 9 inches Given that triangle GHJ = triangle XYZ What is m Perit Industries has $110,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are: Project A Project B Cost of equipment required $110,000 $0 Working capital investment required $0 $110,000 Annual cash inflows $20,000 $68,000 Salvage value of equipment in six years $8,600 $0 Life of the project 6 years 6 years The working capital needed for project B will be released at the end of six years for investment elsewhere. Perit Industries discount rate is 16%. Required: 1. Compute the net present value of Project A. 2. Compute the net present value of Project B. 3. Which investment alternative (if either) would you recommend that the company accept? what is one reason soldiers were shunned when they returned from vietnam a.many americans did not support the war b.the soldiers carried contagious diseases back with them c.the soldiers were ordered to hospitals immediately d.many americans thought the war was not over 50 + x + 10 + 8x + 2x =650what is the value of x? what figure of speech is used in this sentence. My alarm clock yelled at me to wake me up. The adjusted trial balance of Bramble Corp. at December 31, 2019, includes the following accounts: Common Stock $16,700Dividends $7,300Service Revenue $37,900Salaries and Wages Expense $16,000Insurance Expense $2,900Rent Expense $3,400Supplies Expense $2,500Depreciation Expense $1,700Required:Prepare an income statement for the year. list out the problems of cooperatives in nepal Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production 235,000 Fixed manufacturing overhead cost $ 3,760,000 Variable manufacturing overhead cost per machine-hour $ 2.00 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $3,900. The following information was available with respect to this job: Direct materials $ 1,794 Direct labor cost $ 1,287 Machine-hours used 86 Compute the total manufacturing cost assigned to Job P90. A small town experienced explosive population increase. Originally the town had population 170. Within 3 years, the town's population increased by 400%. What's the town's current population Methane is the chief constituent of petroleum fuel A:yes B:no What is the oxidation (charge) number of tin in Sno? . -2OB. +4O C. +2O D. 4 Choose the methods of solving quadratic equationsCompleting the SquareFactoringSquare Root MethodArea FormulaSimplifyingCross MultiplicationGuess and CheckQuadratic FormulaClick an item in the list or group of pictures at the bottom of the problem and, holding the button down, drag it into the correct position in the answer box. Release your mouse button when the item is place. If you change your mind, drag the item to the trashcan. Click the trashcan to clear all your answers.Solve this quadratic equation using the quadratic formula.x2 + 8x - 5 = 0Click an item in the list or group of pictures at the bottom of the problem and, holding the button down, drag it into the correct position in the answer box. Release your mouse button when the item is place. If you change your mind, drag the item to the trashcan. Click the trashcan to clear all your answers.Solve this quadratic equation using the quadratic formula.2x2 - 2x = 1 What does the emphasis in the image give attention to? If you get paid 30.00 per hour and you worked 8.5 hours how much do you get paid