Answer:
$160,300
Explanation:
Calculation for what The contribution margin for Sam's Bookstore for the first quarter is:
Sales revenue $ 930,000
Less: Variable costs
Cost of goods sold $ 655,000
Variable selling expenses ( 930000/60)*5 $ 77,500
Variable administrative expenses (930,000*4%) $ 37,200
Total variable expenses $769,700
Contribution margin $160,300
($930,000-$769,700)
Therefore The contribution margin for Sam's Bookstore for the first quarter is:$160,300
Complete Question:
When preparing the financial analysis for a business plan, the required statements and schedules will depend on the:
Group of answer choices
A. size of the particular project.
B. plan's presentation procedure that is expected in your own organization.
C. project's complexity.
D. All of these are correct.
Answer:
D. All of these are correct.
Explanation:
Financial analysis can be defined as the process of analyzing the stability, profitability, accuracy and viability of a business entity through its financial statements.
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Hence, when preparing the financial analysis for a business plan, the required statements and schedules will depend on the following;
A. size of the particular project.
B. plan's presentation procedure that is expected in your own organization.
C. project's complexity.
The additional amount that could be loaned out because of deposit of Linda is $4000.
Answer: Option B.
<u>Explanation:</u>
Bank can not loan out the entire amount it has with it. Certain amount is to be kept reserved with it for all times. This is known as required reserve ratio which is a particular ratio of the total deposits.
At the time of being totally loaned out, with twenty percent as the required reserve ratio, the bank can loan out extra amount when Linda deposits money. Since Linda Deposits $5000, twenty percent of this keeping as required reserve ratio, it can loan out $4000 more.
Answer: See explanation
Explanation:
Based on the information that has been given in the question, the MRP will be calculated as the multiplication of the total packages that was delivered by the revenue that was gotten from one package. This will be:
MRP = 1750 × 0.25
= $437.5
The MRC based on the question = $250
Based on the above, a profit of $187.5 ($437.5 - $250) will be earned.