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melisa1 [442]
3 years ago
7

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

y. Sales (3,100 units) $ 83,700 Variable expenses 36,828 Contribution margin 46,872 Fixed expenses 37,500 Net operating income $ 9,372 If the company sells 3,800 units, its total contribution margin should be closest to________
Business
1 answer:
Rom4ik [11]3 years ago
5 0

Answer:

Total contribution margin=  $69,730

Explanation:

Giving the following information:

Sales (3,100 units) $ 83,700

Variable expenses 36,828

Contribution margin 46,872

The company sells 3,800 units

First, we need to calculate the selling price and unitary variable cost:

Selling price= 83,700/3,100= $30.23

Unitary variable cost= 36,828/3,100= $11.88

Total contribution margin= 3,800*(30.23 - 11.88)= $69,730

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Smith Jewelry Store sells 20 pieces of jewelry per day at an average price of $20 per piece. Assume Smith’s cost for the jewelry
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Answer:

$12,000

Explanation:

Take 20 pieces $20 average price per piece 30 days

= $12,000 expected sales for the month

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2 years ago
Imagine that you work at a store which sells computer components and you have been made the facilitator of a group whose long te
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With brick-and-mortar toy stores closing, board game manufacturers expect to have trouble finding as many consumers interested i
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Answer:

This is how the market for board games would be affected in the explanation below

Explanation:

Because the manufacturers of the board game expect that the demand for their games would experience a decline, they would have to adjust their Production according to the decline. This is going to shift supply curve to the left, because of the decline in the production. Then equilibrium price would then increase as the quantity decreases because of the shift of the supply curve to the left.

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2 years ago
Scenario C At DoubleTalk, Inc., Joe, a supervisor, pushes his employees' performance by constantly checking their work and threa
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4 0
3 years ago
Rolland Poust is a sophomore in the College of Business at Scandia Tech. Last semester he took courses in statistics and account
nikklg [1K]

Answer:

3.5

Explanation:

Grade point average (GPA) is the summation of all the numbered grades obtained divided by the number of credits taken or total obtainable points multiply by the maximum point receivable for a course. This can be calculated as follows:

1. Calculation of Total Obtainable Points

Statistics = A × hrs = 4 × 3 = 12

Accounting = A × hrs = 4 × 3 = 12

History = A × hrs = 4 × 5 = 20

History of jazz = A × hrs = 4 × 2 = 8

Rules of basketball = A × hrs = 4 × 1 = 4

Total obtained points = 12 + 12 + 20 + 8 + 4 = 56

2. Calculation of Total Points Obtained

Statistics = A × hrs = 4 × 3 = 12

Accounting = A × hrs = 4 × 3 = 12

History = B × hrs = 3 × 5 = 15

History of jazz = B × hrs = 3 × 2 = 6

Rules of basketball = A × hrs = 4 × 1 = 4

Total Points Obtained = 12 + 12 + 15 + 6 + 4 = 49

3. Calculation of GPA

GPA = (Total Obtained Points ÷ Total Obtainable Points) × the points that A receives (i.e. maximum GPA)

= (49 ÷ 56) × 4

= 0.875 × 4  

= 3.50  

Therefore, Rolland Poust's GPA is 3.5 out of 4.

The measure of location that has just been calculated is mean. The mean is obtained by adding all the values and then divide it by the number of values.  

Grade point average (GPA) is similar to mean because GPA is the summation of all the numbered grades obtained divided by the number of credits taken.

6 0
3 years ago
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