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stepan [7]
3 years ago
15

The following information is available for Crane Company: Sales $480000 Total fixed expenses $150000 Cost of goods sold 290000 T

otal variable expenses 260000 A CVP income statement would report __________.
Business
1 answer:
r-ruslan [8.4K]3 years ago
6 0

Answer:

The CVP income statement would report a contribution margin $220000.

Explanation:

CVP income statement

sales                               $480000

total variable cost          ($260000)

contribution margin       $220000

total fixed expenses      ($150000)

operating income            $70000

Therefore, The CVP income statement would report a contribution margin $220000.

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If you watch television, you may have seen the ads that show a controlled crash of a car containing crash test dummies and the r
nordsb [41]

Answer:

Development

Explanation:

The product development stage is the first part of a product life cycle. This stage involves bringing out a product from a concept. It also involves the modification of a product to satisfy the customers needs.

Product development is concerned with the formulation, designing and then marketing of a new product. The main aim of a product development is to greatly improve the market share of an organization by meeting up to the various demands of potential customers.

6 0
3 years ago
Read 2 more answers
You've never had a job so decided that it's time to start applying. When filling out
EastWind [94]

Answer:

I would say NA its better than saying nothing or not saying anything

Explanation:

3 0
3 years ago
A company has a capital structure that includes 30% debts, 10% preferred stock, and 60% common stock. The before-tax cost of deb
Alexxandr [17]

Answer:

option (C) 11.8%

Explanation:

Debts = 30%

Preferred stock = 10%

Common stock = 60%

before-tax cost of debt = 11%

cost of preferred stock = 10.3%

cost of common stock = 14.7%

New common stock sales cost = 16%

The weighted average cost of capital for the company

marginal tax rate = 40%

= Debt × before-tax cost of debt × (1 - tax)) + (Common stock × cost of common stock ) + (Preferred stock × cost of preferred stock )

= 0.30 × 0.11 × (1 - 0.40) + (0.60 × 0.147 ) + ( 0.10 × 0.103 )

= 0.0198 + 0.0882 + 0.0103

= 0.1183

Or

= 0.1183 × 100% = 11.83% ≈ 11.8%

Hence.

The correct answer is option (C) 11.8%

7 0
3 years ago
Watson Oil recently reported (in millions) $8,250 of sales, $5,750 of operating costs other than depreciation, and $1,000 of dep
klemol [59]

Answer:

net income exceeded the free cash flows by $550 million

Explanation:

net income = ($8,250 - $5,750 - $1,000 - $160) x (1 - 35%) = $871 million

net cash flows:

operating activities = $871 + $1,000 - $300 = $1,571

investing activities = ($1,250)

net cash increase during the year = $321 million

net income exceeded the free cash flows by $871 - $321 = $550 million

7 0
2 years ago
A company purchased $270,000 in supplies during the year. The supplies account increased by $10,000 during the year to an ending
LuckyWell [14K]

Answer:

$260,000

Explanation:

Opening balance = Ending balance - Increase in ending balance

=$66,000 - $10,000

=$56,000

Supplies Expenses = Opening balance + Purchases - Closing balance

=$56,000 + $270,000 - $66,000

=$336,000 - $66,000

=$260,000

Therefore, the amount that will be the adjusting entry to supplies expenses is $260,000

7 0
3 years ago
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