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mash [69]
3 years ago
12

Marigold corp. has two divisions; sporting goods and sports gear. the sales mix is 65% for sporting goods and 35% for sports gea

r. marigold incurs $7030000 in fixed costs. the contribution margin ratio for sporting goods is 30%, while for sports gear it is 50%. what will be the total contribution margin at the break-even point?
Business
1 answer:
Arisa [49]3 years ago
5 0
<span>Sporting Goods - CM 30% x 65% = 19.5% Sports Gear - CM 50% x 35% = 17.5% Total Fields Corp - Weighted Avg CM = 37% FC 2,220,000 / Avg CM 37% = 6,000,000 Break Even sales Sporting Goods Sales @ 65% = 3,900,000 x 30% = 1,170,000 CM Sports Gear Sales @ 35% = 2,100,000 x 50% = 1,050,000 CM Total Sales 6,000,000. Total CM 2,220,000 Total FC 2,220,000</span>
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How are credit unions similar to banks? A. They both seek to make a profit. B. They both give out loans. C. They're both owned b
faust18 [17]

Answer:

B. They both give out loans.

Explanation:

Banks are for-profit institutions while credit unions are non-profit. So that means that the answer would not be A. A credit union and a bank give out loans. (A bank has lower interest rate than a credit union.)  That would mean that B would be an answer. You have to be qualified and have membership to go to a credit union. So C would not be a correct answer.

Hope this helps!!

Have a great day!

let be know if my answer is wrong and I will try to fix it!

5 0
3 years ago
The net income reported on the income statement for the current year was $212000. Depreciation recorded on plant assets was $355
Fudgin [204]

Answer:

$226,900

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Operating activities=Net income+Depreciation-Accounts receivable + inventories increased-Prepaid expenses - accounts payable decreased

Let plug in the formula

Operating activities=$212000 + $35500 - $2100 - $7900 + $1900 - $12500

Operating activities =$226,900

Therefore The Amount of cash that was provided by operating activities is $226,900

7 0
3 years ago
A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the secon
Alexandra [31]

Answer:

The budgeted materials need in kg. in the first quarter is 90,000 kg

Explanation:

For computing the budgeted material needed in the first quarter, first we have to calculate the consumption of first and second quarters separately, so that we can arrive to a solution.

The consumption of first quarter = Budgeted production × required kg

                                                   = 45,000 × 2

                                                   = 90,000 kg

The consumption of second quarter = Budgeted production × required kg

                                                   = 30,000 × 2

                                                   = 60,000 kg

The ending raw material inventory = 30% of second quarter

                                                      = 30% × 60,000

                                                      = 18,000 kg

Now put the formula to find out the purchase amount. The formula is shown below:

Raw material consumption = Opening raw material inventory + purchase of raw material - ending raw material inventory

where,

beginning inventory = 18,000 kg

90,000 = 18,000 + purchase - 18,000

So, the purchase is 90,000 kg

The question has asked the amount in kg so cost per kg is irrelevant.

Hence, the budgeted materials need in kg. in the first quarter is 90,000 kg

3 0
3 years ago
Foreign investors assess not only the interest rate offered on financial securities but also (check all that apply):
Greeley [361]

Answer:

their total wealth

-their future expenditure needs

-the risk on the security

Explanation:

Financial System

This simply are markets and various financial units or intermediaries that help transfer financial assets, real assets, and financial risks in various forms from one person to another, from one place to another, and from one point to another

3 Main functions of the Financial System

1.) The achievement of the purposes for which people use the financial system

2.) The discovery of the rates of return that equate aggregate savings with aggregate borrowings

3.) The allocation of capital to the best uses

An investment

This is simply defined as the current commitment of current resources in the hope of getting greater resources in the future. It reduces current consumption in hopes of greater future consumptions. When making investment, different actions are considered before decision making.

7 0
3 years ago
Sage Company had cash receipts from customers in 2020 of $137,920. Cash payments for operating expenses were $84,990. Sage has d
Triss [41]

Answer:

sales revenue for the period: $  143,900

operating expenses:               $   78,000

Explanation:

We solve for sales using the account recievable identity:

beginning account receivable + sales - collection = ending account receivable

12,330 + sales - 137,920 = 18,310

sales = 137,920 + 18,310 - 12,330 = 143,900

Then, for operating expenses, we have a prepaid expenses thus unexpired and therefore, not expenses under accrued accounting.

we solve like this:

beginning prepaid expenses    19,800

payment on expenses              84,990

total expenses payment          104,790

We now subtract the prepaid (unexpired) to get the amount accrued for the period:

104,790 - 26,790 = 78,000

4 0
3 years ago
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