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adell [148]
3 years ago
14

produces sports socks. The company has fixed expenses of $ 80 comma 000 and variable expenses of $ 0.80 per package. Each packag

e sells for $ 1.60. Read the requirementsLOADING.... Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by identifying the formula to compute the contribution margin per package. Then compute the contribution margin per package. ​(Enter the amount to the nearest​ cent.)
Business
1 answer:
Lemur [1.5K]3 years ago
7 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Unitary variable expenses= $ 0.80

Selling price per unit= $ 1.60

First, we need to calculate the unitary contribution margin:

Unitary contribution margin= selling price - unitary variable cost

Unitary contribution margin= 1.6 - 0.8

Unitary contribution margin= $0.8

Now, the contribution margin ratio:

contribution margin ratio= contribution margin / sellig price

contribution margin ratio= 0.8/1.6

contribution margin ratio= 0.5

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Caveman Clubs Inc. tested a new graphite golf club that they have developed, Model X-5. They did a series of experiments with go
Ostrovityanka [42]

Answer:

The Answer is B. Quantitative data

Explanation:

The testing on the golf club, determined a improvement in the driving distance and this was measured numerically and showed in form of a percentage in comparison with average measurements.

When the information is presented with numerical data support, we can say its a quantitative data, because it tells us "how much?".

When the information is presented just with adjetives, telling us about the performance its a qualitative data, because it tell us "how things happened?"

A control variable is the data that is going to modified in order to see changes is the independent variable. In this case, the control variable  could be the weight of the club (assumption), and the independent variable the driving distance data(not percentage).

4 0
3 years ago
QS 9-8 (Algo) Recording employer payroll taxes LO P3 Merger Co. has 10 employees, each of whom earns $1,700 per month and has be
oksian1 [2.3K]

Answer:

Dr Payroll Tax Expense: $2,321

Cr FICA- Social security taxes payable $1,054

Cr FICA- Medicare taxes payable $247

Cr SUTA-State unemployment taxes payable $918

Cr FUTA- Federal unemployment taxes payable $102

Explanation:

Preparation of the March 31 journal entry to record the March payroll taxes expense

March 31

Dr Payroll Tax Expense: $2,321

($1,054+$247+$918+$102)

Cr FICA- Social security taxes payable $1,054

[($1,700*10)*6.2%]

Cr FICA- Medicare taxes payable $247

[($1,700*10)*1.45%]

Cr SUTA-State unemployment taxes payable $918

[($1,700*10)*5.4%]

Cr FUTA- Federal unemployment taxes payable $102

[($1,700*10)*0.6%]

(To record payroll taxes expense)

5 0
2 years ago
Grand River Corporation reported pretax book income of $620,000. Included in the computation were favorable temporary difference
Alex

Answer:

The corporation's current income tax expense or benefit would be $86,940.

Note: The Internal Revenue Service (IRS) 2019 tax rate of 21% for corporation is used since the tax rate is not given in the question.

Explanation:

Details                                                                Amount ($)

Pretax book income                                             620,000

Favorable temporary differences                       (160,000)    

Unfavorable temporary differences                    106,000

Favorable permanent differences                    <u> (152,000) </u>

Adjusted income                                                  414,000

Tax expenses (at 21%)                                     <u>   (86,940)  </u>

Profit after tax                                                     <u> 327,060   </u>

Therefore, the corporation's current income tax expense or benefit would be $86,940.

Note: The Internal Revenue Service (IRS) 2019 tax rate of 21% for corporation is used since the tax rate is not given in the question.

7 0
3 years ago
Which term refers to the ethics you follow at the workplace?
nikitadnepr [17]

Workplace ethics is the ethics we follow t the workplace. Professional ethics which is  closely coined term is the ethics and code of conduct is concerning one's business or related to one's profession.

<u>Explanation:</u>

Ethics is literally defined as the behavior of an individual concerning one's work, personal life and one's dealing with others. These are the set of values and conduct of an individual while performing his or her duty at work or home or anywhere. Its the way one deal with others in his or her personal and professional life.

Workplace ethics of-late has become extremely imperative and sensitive term with the growing complexities and scope of business and commerce. Even government agencies and organisations have started implementing workplace ethics in a big way.  Workplace ethics talks bout one's integrity, uprightness and honesty in transacting business and official dealings at work. Its the behavior of  an employee shows while performing his or her duties. Its not secluded to just employees even employers in the changing business  scenario has to follow and adhere  by certain standards and meet certain guidelines.

Workplace ethics in other words re the set of parameters , regulations and standards which an employee as well as employer has to follow at work place . The core purpose of such ethics is to dd more transparency in the official discharge of duties , standing out as an example for competitors , setting standards for following for laws and being transparent.

5 0
3 years ago
What are some economic concerns that may need to be addressed in the future?
Snezhnost [94]
Over population, It can result from an increase in births (fertility rate), a decline in the mortality rate, an increase in immigration, or a depletion of resources. And less food for people who actually need it the state that had the least amount of people is China because it has a one child policy and if they break the law they can be executed and it’s to maintain current unsustainable consumption patterns while blaming the poor, women, people of color, immigrants, and those residing in the “global South” who produce a negligible impact on the environment.
4 0
3 years ago
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