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3 years ago

When you send someone a birthday card because she or he sent you one, you are complying with the norm of:?

1 answer:

4 0

You are complying with the norm of reciprocity. The norm of reciprocity is a type of social norm that requires a person to understand the need to respond other person's favor by returning the benefits given from that favor. This type of norm is being studied by the organization. The organization uses the perceived organizational support and perceived psychological contract violation for the measuring tool.

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Bluegill Company sells 7,500 units at $320 per unit. Fixed costs are $120,000 and income from operations is $1,560,000. Determin

Debora [2.8K]

Answer:

a) $96 per unit

b) $224 per unit

c) 70%

Explanation:

We will have to compute variable cost and contribution margin

Sales $2,400,000

7,500 × 320

Less; Variable cost $720,000

Contribution margin $1,680,000

Less : Fixed cost $120,000

Operating income. $1,560,000

a) Variable cost per unit

= Total variable cost ÷ Total number of units

= $720,000 ÷ 7,500 units

= $96 per unit

b) Unit contribution margin

= Selling price per unit - Variable cost per unit

= $320 - $96

= $224

c) Contribution margin ratio

= (Selling price per unit - Variable cost per unit) ÷ Selling price per unit × 100

= ($320 - $96) ÷ $320 × 100

= $224 ÷ 320 × 100

= 70%

7 0

3 years ago

Under the georgia safety responsibility law, if you cannot satisfy a claim filed against you for damages resulting from a motor

adell [148]

Under Georgia Code, Title 40-9-1, a person who has an unsatisfied judgment against them will have their driver's license suspended indefinitely unless the financial obligations are paid and the judgment is satisfied by the court.

8 0

3 years ago

Read 2 more answers

The production of rice in the year 2001 was 1000 tonnes which was 25% of the total food grain production in that year. In the ne

Nookie1986 [14]

Answer: 3200 tonnes

Explanation:

Rice production in 2001 = 1000 tonnes, which represented a 25% of total food gain in 2001.

Total food grain production in 2001

= 1000 × 100 / 25

= 4000 tonnes

In 2002 production of rice decreased by 4%

= 1000 - 1000 × 4 ÷ 100

= 960 tonnes

Total food grain production in 2002

= 3200 tonnes

7 0

4 years ago

Diddle Corp. prepared the following reconciliation of income per books with income per tax return for the year ended December 31

Travka [436]

Answer:

The correct answer is b) $ 244,800.

Explanation:

Income tax is charged on taxable income. Book income is not relevant when calculating tax liability. However book income can be used as based when determining the tax liability. In other some deduction and addition as per relevant law in book income is require to be made in book income is order to arrive at taxable income.

However in question effective rate is given and book income is also there. Effective rate is rate is rate applied on book or accounting income in order to arrive at current income tax provision. For calculation please refer to below calculations.

Didde Corp. prepared the following reconciliation of income per books with income per tax return forthe year ended December 31, 2011:

Book income before income taxes $ 1,200,000

Add temporary difference

Construction contract revenue which

will reverse in 2012 $ 160,000

Deduct temporary difference depreciation

expense which will reverse in equal amounts

in each of the next four years $ (640,000)

Taxable income $ 720,000

Income tax Provision = (1,200,000 * 34) $ 408,000

7 0

4 years ago

Coast to Coast Surfboards Inc. manufactures and sells two styles of surfboards, Atlantic Wave and Pacific Pounder. These surfboa

dangina [55]

Answer:

given

Coast to Coast Surfboards Inc.

Atlantic Wave Pacific Pounder

Sales price $200 $120

Variable cost of goods sold per unit (150) (90)

Manufacturing margin per unit $50 $30

Variable selling expense per unit (34) (16)

Contribution margin per unit $16 $14

East Coast West Coast

Atlantic Wave 40,000 25,000

Pacific Pounder 0 25,000

Calculations

Coast to Coast Surfboards Inc.

Contribution Margin by Territory.

Atlantic Wave Pacific Pounder

East Coast West Coast East Coast West Coast

Sales price $200 $120

Units 40,000 25,000 0, 25000

Sales 8000,000 5000,000 000, 3000,000

V. COGS (6000,000) (3750000) 000, (2250000)

MAnufg. Margin 2000,000 1250000 000. 750,000

Var. & Selling Exp. (1360000) (850000) 000. (400,000)

Contribution margin 640,000 400,000 000. 350,000

Contribution Margin Ratio = Contribution Margin/ Sales

CM ratio= 8% 8% 000 . 11.67%

Multiplying the number of units given against each territory with the respective costs gives this income statement.

7 0

3 years ago