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stealth61 [152]
3 years ago
15

Sand Inc., a company that produces and sells a single product, has provided its contribution format income statement for January

. Sales (3,200 units) $ 67,200 Variable expenses 38,976 Contribution margin 28,224 Fixed expenses 20,900 Net operating income $ 7,324 If the company sells 3,500 units, its total contribution margin should be closest to:
Business
1 answer:
bezimeni [28]3 years ago
7 0

Answer:

$30,870

Explanation:

Sales per unit: 67,200/3,200 = 21

variable expenses per unit : 38,976/3200 = 12.18

.......................

Sales 3500 unit: 21*3500 = 73,500

Variable expenses 3500 units : 12.18*3500 = 42,630

Contribution margin = Sales-Variable expenses = 73,500-42,630

=$30,870

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He should attend classes at the local college to receive training in management.

Explanation:

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6 0
3 years ago
Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following:
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Answer & Explanation:

Account                 Type of Account         Increase side  

Supplies                     Asset                        Debit

Retained Earnings    Capital                      Credit

Fees Earned             Revenue                    Credit

Accounts Payable     Liability                      Credit

Salary                          Expense                   Debit

Common Stock           Asset                        Debit

Account Receivable     Asset                        Debit

Equipment                    Asset                       Debit

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8 0
3 years ago
The channel of distribution consists of ___________, who provide transportation and storage of goods as they are distributed fro
alexandr1967 [171]
The channel of distribution consists of  Marketing intermediates , who provide transportation and storage of goods as they are distributed from producers to ultimate consumers.
7 0
3 years ago
Generally, when business startup costs exceed the maximum amount allowed, the remaining costs may be amortized over_____ months.
irina1246 [14]

Answer:

The correct answer is letter "B": 180.

Explanation:

During the first year a business operates, companies can elect to deduct up to $5,000 from their costs. If the costs are higher than $50,000, the deduction of $5,000 will be reduced by the exceeding amount. However, that exceeding amount can be amortized for up to 15 years (180 months).

8 0
3 years ago
The erie canal connected industry and consumers in the east with what group?
umka21 [38]

The Erie canal was able to connect industries and consumers in the east with c. Midwestern farmers.

The Erie Canal:

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  • Connected New York City and the Great Lakes
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The Great Lakes were accessible to farmers in the midwestern region and after the Erie Canal was built, farmers were able to send their produce via the Great Lakes and through the Erie Canal to New York City where it could be purchased by industries and people or shipped internationally.

In conclusion, the Erie canal was very important to midwestern farmers as it increased their reach.

<em />

<em>Find out more at brainly.com/question/6499420. </em>

Options for this question include:

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7 0
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