Mr. Wong is a small manufacturer of bicycles in Hong Kong. His business incurred the following costs for the year ended 31 December 2003.
$
Materials (100% variable) 300,000
Labor (25% variable) 200,000
Selling & distribution cost (20% variable) 50,000
Other costs (fixed) 170,000 720,000
Normally, the business sells 3,000 units at $300 each:
Required:
(a)Calculate the breakeven point in units and dollar sales.
(b)Calculate the contribution to sales ratio.
(c)Calculate the margin of safety in percentage.
第1题
Besides file loans, banks provide non-loan financial services to their business clients. Describe the factoring services and leasing.
第4题
What are the three major functions of money? Describe how drastic inflation can undermine the ability of money to perform. these three basic functions.
第6题
Ralph Reed, CFA, is a portfolio manager at Parker Management, a U.S. equities manager. When clients inquire about fixed income portfolio management, Reed refers them to Ann Foster, who refers clients seeking U.S. equities management to Reed. For clients with an interest in international equities, Reed refers them to Global Advisors and receives $1,000 for each referral that opens an account with them. Which of the following best describes the action Reed must take regarding clients he refers to Parker or to Global?
A.If a referred client opens an account with Parker or with Global, Reed must disclose the arrangement with Parker or amount of the referral fee he receives from Global.
B.At the time he makes a referral to one of these advisors, Reed must disclose the amount of the referral fee from Global, but not the arrangement with Parker.
C.At the time he makes the referral, Reed must disclose the arrangement with Parker, the arrangement with Global, and the amount of the referral fee he receives from Global.
D.At the time he makes a referral, Reed must disclose that he will receive a referral fee from Global, but not the amount or the arrangement with Parker.
第7题
Explain: "Ms Smith diminishes the national income by marrying her cook", hi what way is this true by definition of GDP? Is this one of the problems with the use of GDP as a measure of social welfare?
第9题
I have a problem with a database running in SQL Server 6.5 (Service Pack
4). We moved the database (object transfer) from one machine to another last
night, and an error (specific to a stored procedure) is cropping up. However, I
can't tell which procedure is causing it. Permissions are granted in all of our
stored procedures; is there a way from the isql utility to force all stored
procedures to recompile?
Tips: sp_recompile can recomplie a store procedure each time
第10题
In January, 1992, Wang rented a house for three years at a monthly rent of $1,000. Wang became unemployed in August, 1992 and wanted to move out. Jone then orally agreed to reduce the monthly rent to half. In January, 1993 Wang was informed to pay the amount of rent he had paid before.
Could Wang insist on paying the half rent until expiration of the contract?
Give reasons for your answer.
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