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
Sidana [21]
3 years ago
9

TB MC Qu. 6-63 Creswell Corporation's fixed monthly expenses ... Creswell Corporation's fixed monthly expenses are $23,000 and i

ts contribution margin ratio is 63%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $78,000
Business
1 answer:
crimeas [40]3 years ago
6 0

Answer:

Net operating income= $26,140

Explanation:

Giving the following information:

Fixed costs= $23,000

The contribution margin ratio is 63%.

Sales=  $78,000

<u>First, we need to calculate the contribution margin:</u>

Contribution margin= contribution margin ratio*sales

Contribution margin= 0.63*78,000

Contribution margin= 49,140

Net operating income= 49,140 - 23,000= $26,140

You might be interested in
Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Eq
o-na [289]

Answer:

The correct answer is C. 3240 units.

Explanation:

The calculation of Equivalent units of production for the year is given below.

Add

Begining inventory               = 60% * 200         = 120 units

completed in this period

Units put in process                                         = 3200 units

Less

Un-complete closing         =  20% * 400       =  (80 units)

stock

Equivalent units                                           =    3240

3 0
3 years ago
the lucas manufacturing company has two production departments (fabrication and assembly) and three service departments (general
Ronch [10]

Answer:

$27,000

Explanation:

The computation of the amount of factory maintenance department costs that would be allocated to the fabrication department  is shown below:

= Fabrication square foot occupied ÷ Total square foot occupied × factory overhead cost of factory maintenance department  

= 20,000 ÷ 50,000 × $67,500

= $27,000

The overhead cost of factory maintenance department is allocated on square foot occupied and the same is considered

The total square foot occupied is

= 20,000 + 30,000

= 50,000

4 0
3 years ago
if you had to reduce your spending to balance your budget, which would you try to reduce first variable or fixed expenses PLEASE
ziro4ka [17]

<u>Answer:</u>

Variable expenses are generally the principal costs that individuals attempt to slice when they have to begin setting aside cash. Sadly, factor expenses are additionally the absolute hardest costs to reduce, because it requires an everyday pledge to cheap essential leadership.

It is important to start reducing costs, take a consideration at both your variable fixed costs. Dedicating a Saturday evening to looking into the majority of your memberships, protection designs, and repeating month to month bills may assist you with cutting the expenses .

5 0
3 years ago
Two acquaintances have approached you about investing in business activities in which each is involved. Simone is seeking $605,
BARSIC [14]

Answer and Explanation:

The computation is shown below:

Return on investment = income ÷ investment

For Simone

= $54 ÷ $605

= 8.93%

For Riley

= $57 ÷ $650

= 8.77%  

As it can be seen that simone contains the return on investment so the simone would be preferred

Also, the other factor that should be considered before doing any kind of investment i.e. risk

6 0
3 years ago
If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of utility from consuming three candy bar
Alecsey [184]

Answer:

The correct answer is option C.

Explanation:

The utility from consuming two candy bars is 20 units.

The utility from consuming three candy bars is 25 units.

The marginal utility of the third candy bar will be the increase in the utility on consuming additional unit of candy bar.

It can be calculated by the utility derived from consuming three bars minus the utility derived from consuming two bars.

Marginal utility of third candy bar

=25 units - 20 units

=5 units

So, the correct answer is 5 units.

3 0
3 years ago
Other questions:
  • The university president believes that increasing student tuition by 5% will increase revenues. if the president is correct that
    11·1 answer
  • Please give an example of a government-created monopoly. is creating this monopoly necessarily bad public policy? please explain
    11·1 answer
  • Refer to scenario 16.2. the makers of whizz have decided to go to several different colleges and have a contest for the dirtiest
    5·1 answer
  • Suppose that government officials have set an emissions tax to reduce pollution. Assume that the optimal tax would be $1,500, bu
    14·1 answer
  • Use the concepts of gross investment and net investment to distinguish between an economy that has a rising stock of capital and
    15·1 answer
  • What does it mean when a skier holds out one hand, thumb up?'?
    14·1 answer
  • Kelly works at an ice cream shop and observes that the number of people buying ice cream varies greatly from day to day. for a c
    14·1 answer
  • XYZ Company manufactures several different products. Unit costs associated with Product ABC are as follows: Direct materials $87
    15·1 answer
  • Laura made a down payment on a piece of land she bought. Which of the following is true because of the down payment?
    15·1 answer
  • On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!