Answer:
CVP Income Statement
Sales revenue 2,300,000
Less: Total variable cost <u>1,171,000</u>
Contribution margin
1,129,000
Less: Fixed cost <u>664,000</u>
Net Operating income <u>$465,000</u>
Note:
Cost of goods sold 936,000
Selling expenses 119,000
Admin expense <u>116,000</u>
Total variable cost <u>1,171,000</u>
Cost of goods sold
473,000
Selling expenses 71,000
Admin expense <u>120,000</u>
Total Fixed cost <u>664,000</u>
Answer:
required purchase 83,500
Explanation:
The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.
cost of inventory sales for July:
70,000 x (1 - 45%) = 38,500
desired ending inventory 105,000
beginning inventory <u> (60,000) </u>
required purchase 83,500
Answer: Indirect Exporting
Explanation:
Indirect exporting describes a scenario where an entity exports to another country through an intermediary. They essentially sell to this intermediary and this intermediary then sells to consumers in other countries.
Much like investment banks underwriting stock, this type of exporting has very little risk and commitment attached because it simply involves one selling everything to an intermediary. The company exporting has therefore absolved itself of further risk which will then be incurred by the intermediary. t
The intermediary will however buy the goods at a discount due to the risk they take on. As a result, this gives less profit.
Answer:
$330,000
Explanation:
Change in WC = Opening receivables - Closing receivables
Change in WC = $84,000 - $74,000
Change in WC = $10,000
The decrease in working capital is $10,000
Cash from operating activities = Net income + Decrease in Working Capital
Cash from operating activities = $320,000 + $10,000
Cash from operating activities = $330,000
Thus, the cash from operating activities is $330,000
Real property cannot be was private property by any method. false because Severance is changing an item from real property to non-public belongings with the aid of detaching it from the land.
Real property is a parcel of land and everything is permanently attached to the land. The owner of real belongings has all the rights of ownership, consisting of the right to possess, sell, lease, and enjoy the land.
Examples of real property are buildings, canals, crops, fences, land, landscaping, machinery, minerals, ponds, railroad tracks, and roads. actual assets consist of undeveloped lands, like a wooded area or a subject, and include buildings, which include houses, condominiums, and office homes. real assets also consist of matters related to the land, like subsurface rights. There are two primary categories of property: actual and private.
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