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It appears you are referring to artworks or media related to the Works Progres...

Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather, it relies completely on independent sales agents to market its products. These agents are paid a sales commission of 15% for all items sold.

 

Barbara Cheney, Pittman’s controller, has just prepared the company’s budgeted income statement for next year as follows:
 

Pittman Company Budgeted Income Statement For the Year Ended December 31 Sales   $ 26,000,000 Manufacturing expenses:     Variable $ 11,700,000   Fixed overhead 3,640,000 15,340,000 Gross margin   10,660,000 Selling and administrative expenses:     Commissions to agents 3,900,000   Fixed marketing expenses 182,000*   Fixed administrative expenses 2,200,000 6,282,000 Net operating income   4,378,000 Fixed interest expenses   910,000 Income before income taxes   3,468,000 Income taxes (30%)   1,040,400 Net income   $ 2,427,600

 

*Primarily depreciation on storage facilities.

 

As Barbara handed the statement to Karl Vecci, Pittman’s president, she commented, “I went ahead and used the agents’ 15% commission rate in completing these statements, but we’ve just learned that they refuse to handle our products next year unless we increase the commission rate to 20%.”

 

“That’s the last straw,” Karl replied angrily. “Those agents have been demanding more and more, and this time they’ve gone too far. How can they possibly defend a 20% commission rate?”

 

“They claim that after paying for advertising, travel, and the other costs of promotion, there’s nothing left over for profit,” replied Barbara.

 

“I say it’s just plain robbery,” retorted Karl. “And I also say it’s time we dumped those guys and got our own sales force. Can you get your people to work up some cost figures for us to look at?”

 

“We’ve already worked them up,” said Barbara. “Several companies we know about pay a 7.5% commission to their own salespeople, along with a small salary. Of course, we would have to handle all promotion costs, too. We figure our fixed expenses would increase by $3,900,000 per year, but that would be more than offset by the $5,200,000 (20% × $26,000,000) that we would avoid on agents’ commissions.”

 

The breakdown of the $3,900,000 cost follows:

 

Salaries:   Sales manager $ 162,500 Salespersons 975,000 Travel and entertainment 650,000 Advertising 2,112,500 Total $ 3,900,000

 

“Super,” replied Karl. “And I noticed that the $3,900,000 equals what we’re paying the agents under the old 15% commission rate.”

 

“It’s even better than that,” explained Barbara. “We can actually save $119,600 a year because that’s what we’re paying our auditors to check out the agents’ reports. So our overall administrative expenses would be less.”

 

“Pull all of these numbers together and we’ll show them to the executive committee tomorrow,” said Karl. “With the approval of the committee, we can move on the matter immediately.”

 

Required:

1. Compute Pittman Company’s break-even point in dollar sales for next year assuming:

a. The agents’ commission rate remains unchanged at 15%.

b. The agents’ commission rate is increased to 20%.

c. The company employs its own sales force.


2. Assume that Pittman Company decides to continue selling through agents and pays the 20% commission rate. Determine the dollar sales that would be required to generate the same net income as contained in the budgeted income statement for next year.

 

3. Determine the dollar sales at which net income would be equal regardless of whether Pittman Company sells through agents (at a 20% commission rate) or employs its own sales force.

 

4. Compute the degree of operating leverage that the company would expect to have at the end of next year assuming:

a. The agents’ commission rate remains unchanged at 15%.

b. The agents’ commission rate is increased to 20%.

c. The company employs its own sales force.

Use income before income taxes in your operating leverage computation.

1. Compute Pittman Company's Break-Even Point: a. If the agents' commission ra...
PLS HELP ASAPPPPP!!!!
1. Write the equation that models the height of the roller coaster.

a) Start by writing the equation of the circle. (Recall that the general form of a circle with the center at the origin is x2 + y2 = r2. 

b) Now solve this equation for y. Remember the roller coaster is above ground, so you are only interested in the positive root.

2. Graph the model of the roller coaster using the graphing calculator. Take a screenshot of your graph and paste the image below, or sketch a graph by hand

Model 1: One plan to secure the roller coaster is to use a chain fastened to two beams equidistant from the axis of symmetry of the roller coaster. You need to determine where to place the beams so that the chains are fastened to the rollercoaster at a height of 25 feet.

3. Write the equation you would need to solve to find the horizontal distance each beam is from the origin.

4. Algebraically solve the equation you found in step 3.Round your answer to the nearest hundredth.

5. Explain where to place the two beams. 

Model 2: Another plan to secure the roller coaster involves using a cable and strut. Using the center of the half-circle as the origin, the concrete strut can be modeled by the equation and the mathematical model for the cable is. The cable and the strut will intersect.

6. Graph the cable and the strut on the model of the roller coaster using the graphing calculator. Take a screenshot of your graph and paste the image below, or sketch a graph by hand. 

7. Algebraically find the point where the cable and the strut intersect. Interpret your answer. 

Model 3: Another plan to secure the roller coaster involves placing two concrete struts on either side of the center of the leg of the roller coaster to add reinforcement against southerly winds in the region. Again, using the center of the half-circle as the origin, the struts are modeled by the equations and. A vertical reinforcement beam will extend from one strut to the other when the two cables are 2 feet apart.

8. Graph the two struts on the model of the roller coaster.Take a screenshot of your graph and paste the image below, or sketch a graph by hand.

*Recall that a reinforcement beam will extend from one strut to the other when the two struts are 2 feet apart.

9. Algebraically determine the x -value of where the beam should be placed.

10. Explain where to place the beam.

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Step 1: Gather materials and necessary information.
a) You will collect information about a satellite technology career, including:
 Education needed, emphasizing specific types of physics courses
 Special training and skills needed
 Types of employers
 Average salary
 Duties or nature of the work
 Physics concepts applied in the work
 Long-term outlook for career growth
b) Search online for “careers using satellite technology.” Look for reliable resources that end in .edu
or .gov.
 The Bureau of Labor Statistics is also a great resource for this project.
c) Be sure to keep a list of your references so you can cite them properly later.
d) Ask your teacher where you should save your presentation as you work on it. Your teacher may
also have specific guidelines about the file name you should use.
Step 2: Create your title slide.
a) Begin by creating the title slide. On this slide, include the name of the career in large font, an
image appropriate to the career, your name, your teacher’s name, and the due date of the
presentation.
b) Remember to save your work as you go.
Step 3: Create your content slides.
a) On these slides, present the necessary education for your chosen area of satellite technology,
any special training and skills required, the types of employers that hire in this area, the average
salary that can be earned, the typical duties or nature of the work, the physics concepts applied in
this area, and the long-term outlook for career growth.
Step 4: Cite your sources.
a) Create a slide titled Works Cited.
b) On this slide, create a list of the resources you used to complete your research. A simple list of
website titles and addresses (URLs) is acceptable. If you used print sources, list the title, author,
publisher, city, and date.
Step 5: Evaluate your presentation using this checklist.
If you can check each criterion below, you are ready to submit your presentation.
 Does your presentation include a title slide with the name of the career in large font, an image
appropriate to the career, your name, your teacher’s name, and the due date of the presentation?
 Does your presentation include information about the education needed for the career including
the specific types of physics courses needed?
 Does your presentation include special training and skills needed for the career?
 Does your presentation include the types of places that employ workers in the career?
 Does your presentation include the average salary earned in the career?
 Does your presentation include duties that need to be performed and the nature of the work in the
career?
 Does your presentation include physics concepts that are applied in the work?
 Does your presentation include the long-term outlook for career growth?
 Does your presentation include a works cited slide, including citations for all the sources you
used?
Step 6: Revise and submit your presentation.
a) If you were unable to check off all the requirements on the checklist, revise your presentation and
save it before submitting.
b) When you have completed your presentation, return to the virtual classroom and use the “Browse
for file” option to locate and submit your assignment. Congratulations! You have created a
multimedia presentation.
c) Ask your teacher for further instructions about presenting your presentation to an audience of
your peers.

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below i will give some details and help me to draw an isoprofit curve. Thanks

Label the x-axis as "Quantity of Bedaquiline."
Label the y-axis as "Price of Bedaquiline."
Draw a downward-sloping isoprofit curve that starts at a profit-maximizing price of $46.
Now, let's explain what this diagram represents:

Profit (Producer Surplus):

Mark the point on the isoprofit curve where the price is $46. This is the initial profit-maximizing price for J&J.

Calculate the area above the supply curve and below the price of $46 up to the quantity produced. This area represents J&J's producer surplus at the original price of $46.

Markup:
3. Calculate the difference between the price ($46) and the cost of production ($5). This difference, $41, represents the markup that J&J was earning per unit of bedaquiline sold at the original price.

Consumer Surplus:
4. Now, mark the point on the isoprofit curve where the price is reduced to $8.

Calculate the area above the supply curve and below the price of $8 up to the quantity produced at this new price. This area represents the consumer surplus gained by consumers due to the price reduction.

Subtract the original consumer surplus (before the price reduction) from the new consumer surplus (after the price reduction). The difference between the two represents the change in consumer surplus.

Output:
7. The quantity of bedaquiline produced at the new price of $8 is determined by the intersection of the demand curve (you can assume a straight-line demand curve) and the new price level.

Now, let's explain the economic implications of this diagram:

Profit (Producer Surplus): J&J's producer surplus decreases as a result of the price reduction. This is because they are now selling the product at a lower price, and their profit per unit sold has decreased.

Markup: The markup, which was initially $41 per unit, has decreased significantly due to the price reduction.

Consumer Surplus: Consumer surplus has increased as a result of the price reduction. Consumers are now able to purchase bedaquiline at a lower price, leading to a larger consumer surplus.

Output: The quantity of bedaquiline produced has likely increased due to the lower price, making it more affordable for consumers, which also contributes to the increase in consumer surplus.

In summary, J&J's decision to reduce the price of bedaquiline from $46 to $8 per month has led to a decrease in producer surplus (profit), a significant decrease in markup, an increase in consumer surplus, and a likely increase in the quantity of bedaquiline produced. This decision reflects a trade-off between lower profits for the company and increased access and affordability for consumers, especially in the context of healthcare and drug pricing.

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