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Tcecarenko [31]
3 years ago
14

In December, McCullum Corporation sold 2,900 units of its only product. Its total sales were $281,300, its total variable expens

es were $130,500, and its total fixed expenses were $122,600. Required: Construct the company's contribution format income statement down to NOI for December
Business
1 answer:
Varvara68 [4.7K]3 years ago
6 0

Answer:

A.$28,200

B.$38,600

Explanation:

A.

Sales (2,900×$97 )281,300

Variable expenses(2,900×45)130,500

Contribution margin(2,900×52) 150,800

Fixed expenses 122,600

Net operating income28,200

B.

Sales (3,100 units×97) 300,700

Variable expenses(3,100×45) 139,500

Contribution margin 161,200

Fixed expenses 122,600

Net operating income38,600

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Without nonverbal cues, ____ and ____ are more important when you use an office phone
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When using an office phone or any phone for calling someone, the two most important things to make sure is the etiquette and the voice. This is because in the absence of visual actions or nonverbal clues when talking through the phone, the other person on the line might likely misinterpret what you are really trying to convey.

 

Answers:

<u>etiquette</u> and <u>voice</u>

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3 years ago
Item3 1.42 points PrintCheck my work Check My Work button is not enabled 3 Item 3 Item 3 1.42 points Lakeview Company completed
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Answer:

Lakeview Company

Journal entries

A. Payroll

Debit Wages with $94,500

Credit Cash with $94,500

(Being December wages paid employees in Cash)

B. Rent collection Journal Dec 10.

Debit cash with $6,750

Credit Deferred Revenue with $6,750

(Being 30 days rent collected in advance. Rent expires Jan 10)

C. Rent Collected (adjusted Journal)

Debit Deferred Revenue Account with $4,500

Credit Rent Account with $4,500

(Being rent income applicable to this years records)

3.. Liability recognition

Debit Employee income taxes with $12,000

Debit FICA employee deductions with $9,000

Debit employees contribution to cancer research with $4,500

Credit Employee income taxes payable account with $12,000

Debit FICA employee deductions payable account with $9,000

Debit employees contribution to cancer research payables account with $4,500

(Being deduction from employee December wages)

Debit FICA employer deductions with $9,000

Debit State & Fed unemployment taxes (employer) account with $1,050

Credit FICA employer deductions payable account with $9,000

Credit State & Fed unemployment taxes (employer) payable account with $1,050

(Being employer contribution and taxes incidental to December Wage payment)

In the Balance sheet.

Current liabilities.

Deferred Revenue = $2,250

Employee income taxes payable account = $12,000

FICA employee deductions payable account = $9,000

employees contribution to cancer research payables account = $4,500

FICA employer deductions payable account = $9,000

State & Fed unemployment taxes (employer) payable account = $1,050

Total current liability = $37,800

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3 years ago
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Answer:

A cash outflow of $82 million.

Explanation:

Because during the year Shady had taxes expenses for $80 million but then Shady cancelled $2 million of the Income Tax Payable account, which decreased from $14 million to $12 million.  

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3 years ago
Venya and Kari own a flower shop that specializes in custom bouquets. Wanting to expand into selling potted plants, they create
kicyunya [14]

Venya and Kari would be able to produce 50 potted plants on Day 3.

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This curve is an economic tool that illustrates varying amounts of two products that can be produced when both depend on the same finite resource

Based on the given chart, Venya and Kari would be able to produce 50 potted plants on Day 3.

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