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lapo4ka [179]
4 years ago
13

Use the information below to answer questions 4-7. Drake Company's income statement for the most recent year appears below:

Business
1 answer:
Colt1911 [192]4 years ago
6 0

Answer:

(A) $731,250

Explanation:

The formula to compute the break-even point in sales dollars is shown below:

= (Fixed expenses or Fixed cost) ÷ (Contribution ratio)

where,

Contribution ratio = Contribution margin ÷ sales

                             = $208,000 ÷ $650,000

                             = 0.32 or 32%

And, the fixed expense is $234,000

Now put the values to the above formula

So, the value would equal to

= $234,000 ÷ 32%

= $731,250

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Answer:

a. In order to reduce pollution government can implement policies to clean the rivers or reduce carbon emissions to protect the environment. Carbon permits are their for companies to reduce their carbon emissions where as in case of polluting rivers government can regulate companies to find land filling sites to reduce pollution

b. The impact of regulation would be increase in the marginal cost. Output would be reduced based on the permit limits set for the chemical industry.

The increase in price of product is generally transferred upon the consumer.

7 0
3 years ago
A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with​ ________ had lower inflation rates than
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Answer:

The study carried out by Alberto Alesina and Lawrence Summers was about the role of Independence central banks, not about unemployment.

A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with <u>central banks that have high independence</u> had lower inflation rates than countries with <u>central banks that have low independence</u>.

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5 0
3 years ago
Rolfes Company purchased merchandise on account from a supplier for $7,500, terms 1/10, n/30. Rolfes Company returned $1,200 of
Blababa [14]

Answer:

$6,237

Explanation:

The computation of the cash required for the payment is shown below:

= Merchandise amount - return and allowances - discount

= $7,500 - $1,200 - $63

= $6,237

The discount = (Merchandise amount - return and allowances) × discount rate

= ($7,500 - $1,200) × 1%

= $63

Simply we consider the items i.e merchandise purchase amount, returned merchandise amount and the discount given amount

6 0
3 years ago
Sioux Corporation is estimating the following sales for the first four months of next year:January$210,000February$280,000March$
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Answer:

$358,000

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Calculation to determine how much cash should Sioux expect to collect during the month of April

April sales collected in April ($370,000 × 60%) $222,000

March sales collected in April ($340,000 × 40%) $136,000

Total cash collections in April $358,000

($222,000+$136,000)

Therefore the amount of cash that Sioux should expect to collect during the month of April is $358,000

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3 years ago
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Training, education, or experience to validate you can do the job you are applying for
Experience
Achievements
Reliable
8 0
3 years ago
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