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]
4 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]4 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]4 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
what do economies of scale, the ownership of essential raw materials, and patents have in common? they must all be present befor
pantera1 [17]

what do economies of scale, the ownership of essential raw materials, and patents have in common? They are all barriers to entry.

Materials or substances used in the initial stages of producing or manufacturing items are known as raw materials. On commodity exchanges around the world, raw materials are commodities that are purchased and sold. Since raw materials, like labor and capital, are factors of production, traders buy and sell them on the factor market.

Various sorts of raw materials can be employed in a wide range of goods. The inventory or input commodities that a business needs to make its products are known as raw materials. For instance, a car manufacturer would employ steel used in the construction of vehicles as a raw material.

Learn More About raw materials:

brainly.com/question/13376768

#SPJ4

5 0
2 years ago
In the context of the number and the intensity of external factors in the environment that affect organizations, a(n) _____ is d
xxMikexx [17]

Answer:

simple environment

Explanation:

Organizational environment can be regarded as internal as well as external environmental factors which can influence the activities and

decision making of the

organization. The environment of an organization has a surroundings which has favourable or unfavorable effects on its operations. simple environment is one with a limited environmental factors which can influence or affect the operation of the organization, the intensity of external factors that affects

simple environment is very low compare to complex environment. It should be noted that In the context of the number and the intensity of external factors in the environment that affect organizations, simple environment is defined as an environment with few environmental factors.

4 0
3 years ago
Which franchise model do automobile dealerships usually follow?<br> (plato)
sergij07 [2.7K]
Automobile dealerships usually follow “product distribution franchises”

Product distribution franchises meaning: Distribution Franchise, these product-driven franchises are where the franchisee distributes the parent company products and some related services. The parent company provides the use of its branded trademark, but not typically an entire system for running a business.
3 0
3 years ago
Which of these emotions are personal benefits of work?
sergey [27]
Accomplishment is the correct answer
4 0
3 years ago
Read 2 more answers
Procter &amp; Gamble, the maker of Crest brand toothpaste, has modified this brand to include whiteners. To encourage consumers
boyakko [2]

Answer: shaping

                                         

Explanation: In simple words, shaping refers to the process under which an organisation tries to manipulate the behavior of potential customers by using different marketing tools.

In the given case, Procter and gamble were giving discount to attract the customers. They were planning to charge full price once the customers get used to of their product. So they were using discount to change the behavior of their potential customers hence they were using shaping.

4 0
3 years ago
Other questions:
  • List the four steps in the response model for answering behavioral interview questions.
    11·2 answers
  • The portfolio manager of a pension plan is well known as a fan of the local NFL football team. The branch manager of a FINRA mem
    6·1 answer
  • Andrew Carnegie and John D. Rockefeller:
    5·1 answer
  • The following information is available for Birch Company at December 31:Money market fund balance $ 2,920Certificate of deposit
    10·1 answer
  • B Corp. has an employee benefit plan for compensated absences that gives each employee 10 paid vacation days and 10 paid sick da
    6·1 answer
  • The amount of uncollectible accounts at the end of the year is estimated to be $25,500, using the aging of accounts receivable m
    8·1 answer
  • Stine Corp.'s trial balance reflected the following account balances at December 31, 2014: Accounts receivable (net) $19,000 Tra
    10·1 answer
  • 1) Explain in brief the creations of controlled environment for off season vegetable farming.
    9·1 answer
  • Another name for short-term financial management is ___ management.
    6·1 answer
  • Freddie bought 560 shares of stock at a price of $36 per share. he later sold his stock at a price of $34. what was his total re
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!