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
qaws [65]
2 years ago
14

Lindon Company is the exclusive distributor for an automotive product that sells for $40 per unit and has a CM ratio of 30%. The

company’s fixed expenses are $180,000 per year. The company plans to sell 16,000 units this year. Required: 1. What are the variable expenses per unit?
Business
1 answer:
allochka39001 [22]2 years ago
6 0

Answer:

Variable Cost  -$448,000  

Explanation:

The contribution margin formula it's : Net Sales - Variable Costs: Contribution Margin

The contribution margin indicates how much money the company has to cover its expenses not included in the cost of the goods or the variable costs, it is the remaining amount that is used to pay the administrative and sales expenses.

In this case:

Sales : 16.000 x $40 (price) = $640,000

Contribution Margin 30% which means 30%*$640,000 = $192,000

The difference it's the Variable Costs = -$448.000  

You might be interested in
Which type of investment involves lending money and charging interest on it?
Pavel [41]
C. Debit investment
6 0
3 years ago
The state government maintains an investment pool for itself and local governments in the state. The investment pool received t
Katyanochek1 [597]

Answer:

$15,000,000

Explanation:

The local government comes under the control of state directly. The amount received from local government should be reported in state's investment trust fund.

8 0
2 years ago
Read 2 more answers
Beginning merchandise inventory would be found on the worksheet in the
mrs_skeptik [129]
<span>A. income statement debit column</span>
6 0
3 years ago
Read 2 more answers
Mark s wife asked him how his first day at work went. He smiled and said everyone he met told him about how Jed McClusky single-
Nookie1986 [14]

Answer:

The correct answer is a. corporate stories.

Explanation:

Corporate stories are events that occurred in the past, which, because of their relevance to the development of the organization, serve as a reference to project into the future. What is sought with these types of events is to motivate, encourage employees to perform their tasks in the best way, trying to make every effort to achieve it.

7 0
2 years ago
Which of the following is an example of an operational risk for a company that manufactures automobiles?A. A state tax increase
Vedmedyk [2.9K]

Answer:C. Damage to completed cars held on a storage lot

Explanation:

Operational risk are the hazards and the uncertainties that are faced by companies in the day to day activities. It may be caused as a result of system failure or manufacturing components.

An example of operational risk for a company that manufactures automobiles would be damage to completed cars held on a storage lot.

7 0
3 years ago
Other questions:
  • A company's interest expense is $20,000. Its income before interest expense and income taxes is $140,000. Its net income is $58,
    5·1 answer
  • Includes stocks, bonds, and mutual funds
    9·1 answer
  • How do you know when a spreadsheet object is active in a PowerPoint presentation?
    7·1 answer
  • Anne Mullens is the bookkeeper for DWG Refrigeration Repair. One afternoon while she was preparing the bank deposit, a customer
    6·1 answer
  • Overhead costs: Multiple Choice Cannot be traced to cost objects in a cost-effective manner, but are instead allocated to cost o
    7·1 answer
  • The 2,000 employees working in Toyota's factory in France are an example of the ______ effect of FDI on employment, while the 2,
    12·1 answer
  • Break-Even Sales Currently, the unit selling price of a product is $7,520, the unit variable cost is $4,400, and the total fixed
    9·1 answer
  • What type of discount would Lennox offer its air conditioner dealers if they placed their orders and received delivery before Ap
    8·2 answers
  • According to arnold and bustos, which two sectors of the US economy are the mot carbon-intensive?
    11·1 answer
  • On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. Wh
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!