1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexgriva [62]
3 years ago
8

During its most recent fiscal year, Simon Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amo

unted to $400,000 and pretax income was $600,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
Business
2 answers:
Grace [21]3 years ago
8 0

Answer:

Sales-VC=Contribution

Contribution-FC=600000

Contribution=1000000

Sales-VC=1000000

VC=200000*15-1000000

VC=2000000

d. $2,000,000.

Explanation:

Vikentia [17]3 years ago
6 0

Answer:

$2,000,000

Explanation:

We know that,

Pre-tax income = Sales - variable cost - fixed cost

where,

Sales = Number of units sold × selling price per unit

         = 200,000 units × $15

         = $3,000,000

And, the other items values remain the same

Now put these values to the above formula

So, the value would be equal to

$600,000 = $3,000,000 - variable cost - $400,000

So, the variable cost = $2,000,000

You might be interested in
Which of the following actions ha NO impact on your credit score
mario62 [17]
Credit Karma. just kidding...<span>You may know that </span>credit<span> card balances, payment history and recent </span>credit<span>inquiries can cause </span>your credit score<span> to sink or soar. But when it comes to the three-digit number that </span>has<span> an </span>impact<span> on everything from </span>your<span> ability to rent an apartment to the interest rates on loans, there are a lot of misconceptions.</span>
6 0
3 years ago
Read 2 more answers
A common theme in the Asian culture is the emphasis on harmony and collectivism, as a result, the ________ form of decision maki
scoray [572]

Answer:

committee

Explanation:

<u>The process in which a whole collection is involved in making the best and most rational decision is called committee decision making.</u>

<u>These committees should decide jointly about the best strategic arrangement, and the whole process should be done in agreement, unity, and harmony.</u> Members should have the spirit of collectivism, should respect other people's decision and all share their input regarding the decision.

8 0
3 years ago
Suppose the government introduces tax incentives to increase private household saving. What would be the effect on net capital o
Reptile [31]

Answer:

Mama thu thu thu thu thu thu

Explanation:

Hi

6 0
2 years ago
Interest Practice<br> How much would x dollars earn in 1 year at a rate of 4.4% compounded annually?
shusha [124]

Answer:

x1.044 - x

Explanation:

The formula for calculating compound interest is as below

FV = PV × (1+r)^n

where FV = Future Value

PV = Present Value

r = annual interest rate

n = number of periods

How much would x dollars earn in 1 year at a rate of 4.4% compounded annually?

In this case, PV =X, r =4.4% and n=1

FV = x  x ( 1+4.4/100)^1

Fv = x  x( 1.044)^1

Fv = x1.044

x dollars will earn x1.044 - x

8 0
3 years ago
H and r budget challenge buckle up week quiz frank's electric bill has a cycle day of the 3rd and a due date 8 days later with a
PSYCHO15rus [73]
His payment is late and he will be assessed a late fee
8 0
3 years ago
Read 2 more answers
Other questions:
  • An agreement to settle a debt for less than the sum claimed is referred to as?
    9·1 answer
  • Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is 7 percent
    7·2 answers
  • 3x + y = 2<br>4x + y=20​
    12·1 answer
  • The Physical Inventory Worksheet is used when: Multiple Choice inventory items are physically placed in the warehouse All of the
    5·1 answer
  • What uses a systematic approach in an attempt to improve business effectiveness and efficiency continuously? static process dyna
    7·1 answer
  • The board of directors of UT Wireless, Inc. is considering two compensation plans for the CEO of the company. The first would pa
    10·1 answer
  • Terra is the owner of Arcadia Salon and Spa and is looking to add some new spa services. Terra interviewed her staff to get thei
    14·1 answer
  • Kiosks and carts are ideal locations for
    13·2 answers
  • Does Canada have a strong secondary industry sector?
    6·1 answer
  • What term best describes the borrower who is personally liable for a debt obligation related to the purchase of a home?.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!