Answer:
The actions to write in the ledger are two.
Explanation:
When Jones withdraws from his personal account he is making a debit action, which indicates that this asset is decreasing and when that money is deposited to a commercial account he is making a credit action, which indicates that this asset is growing.
If you need to indicate the missing ammount of each letter in the grahp then it will be like follows:
For the first case:
A = $9,600 + $5,000 + $8,000 = $22,600$22,600 + $1,000 – B = $17,000
B = $22,600 + $1,000 – $17,000 = $6,600$17,000 + C = $20,000
C = $20,000 – $17,000 = $3,000
D = $20,000 – $3,400 = $16,600
<span>E = ($24,500 – $2,500) – $16,600 = $5,400
</span><span>F = $5,400 – $2,500 = $2,900
</span>And now for the second case:
G + $8,000 + $4,000 = $16,000
G = $16,000 – $8,000 – $4,000 = $4,000$16,000 + H – $3,000 = $22,000
H = $22,000 + $3,000 – $16,000 = $9,000(I – $1,400) – K = $7,000(I – $1,400) – $22,800 = $7,000
<span>I = $1,400 + $22,800 + $7,000 = $31,200
</span>J = $22,000 + $3,300 = $25,300
K = $25,300 – $2,500 = $22,800$7,000 – L = $5,000
<span>L = $2,000</span>
Answer:
a. The contribution margin ratio will be 41%
b. The income from operations will be $12,420,000.
Explanation:
a. The sales are given at $112,900,000.
The fixed costs are $25,000,000.
The variable costs are $66,611,000.
The contribution margin will be
=Sales-variable costs
=$(112,900,000-66,611,000)
=$46,289,000
The contribution margin ratio will be
=(Contribution margin/sales)*100
=($46,289,000/ $112,900,000)*100
=41%
b. Now, if the contribution margin ratio is 40%.
The sales are given at $34,800,000.
The fixed costs are $1,500,000.
Income from operations or operating profit will be
=(sales*contribution margin ratio)-fixed cost
=$(34,800,000*0.4)-$1,500,000
=$12,420,000
The answer you are looking for is a planned economy
