Answer:
Results are below.
Explanation:
Giving the following information:
The jeans will sell for $205 per pair and cost $164 per pair in variable costs to make.
<u>The contribution margin per unit is calculated using the selling price per unit and the unitary variable cost:</u>
<u></u>
Unitary contribution margin= 205 - 164= $41
<u>Now, to calculate the contribution margin ratio, we need to use the following formula:</u>
contribution margin ratio= contribution margin/selling price
contribution margin ratio= 41/205
contribution margin ratio= 0.2
Answer:
Explanation:
Before preparing the income statement, first, we have to compute the net income or net loss. So, the calculation is shown below:
In the simplest form, the net income = Total revenue - total expenses
= Sales revenue - the cost of good sold - insurance expense - depreciation expense - interest expense - income tax expense - salaries and wages expense
= $5,000 - $1,040 - $210 - $415 - $600 - $190 - $750
= $1,795
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
$110000 will be shown
<u>Explanation:</u>
$110000 will be shown in the treasury stock account of Coy, Inc.
Company repurchased the shares in the year 2020, for $220000 ( 22000 sahres) and out of which the company sold half of its shares that is (11000 sahres ) in the year 2021 for an amount of $110000.
It means there is no paid- in - capital in excess for the treasury stock, recording is to be done at the cost, not at the par).