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
garri49 [273]
3 years ago
7

If the contribution margin ratio for domino company is 35%, sales were $2,100,000, and fixed costs were $400,000, what was the i

ncome from operations?
Business
1 answer:
agasfer [191]3 years ago
6 0
Hi there

income from operations=
Sales-(fixed+variable) cost

So we need to variable cost
Variable cost=
Sales-Contribution margin

Contribution margin=
2,100,000×0.35
=735,000

Variable cost=2,100,000−735,000
=1,365,000

Income from operation
2,100,000−(400,000+1,365,000)
=335,000 ....Answer

Hope it helps
You might be interested in
Becky Knauer recently resigned from her position as controller for Shamalay Automotive, a small, struggling foreign car dealer i
andre [41]

Answer:

1. The ethical issue here is that Becky Knauer's new boss usually bribes the sales manager of a car dealership to get more quota of cars. He is doing this because the car is in high demand. The higher his quota, the higher the number of cars. The higher the number of cars, the more of them he can sell. The more he can sell, the higher the profits.

Here is the dilemma.  

First, the action of Becky's boss is wrong, but it is also helping to keep the business afloat thus translating to securing her job and probably sustaining the pay she is receiving. We know this because Becky's former employer who receives just 25 cars a month is not very profitable.  

Becky as the Controller, however, is in charge of Compliance. The actions of her boss are unethical. She has to flag such issues and report to him.

Franz is the owner of the dealership and is on the top of the 'food chain'. There is no one else within the organisational structure to report the matter to. He is supposed to lead by example. He, as the owner of the organisation, however, is leading with a bad example because other sales personnel know about these shady transactions.

2.  Becky's options are as follows:

A. If she is too scared to confront her boss, she can decide to resign. She would have lost her job. There is no guarantee she will get another and the unethical practices will continue.

B. She can raise the issue with her boss and point out the dangers of continuing in such practice. By doing this, she is ruling out the possibility that he somehow is unaware of the dangers of his actions. In raising the matter with her boss, she must do this in black and white.

The above decision can go either left or right.  

Right means that her boss comes to understand the import of his actions and makes amends. Left means, he gets jittery and fires her.

3. As stated above, Franz may fire Becky if she flags his actions.

If this happens, she can take the matter to the State of New Jersy Motor Commission and possibly sue Franz for wrongful dismissal.      

Cheers!

3 0
3 years ago
All else equal, when investors consider a firm's return on equity (ROE) they consider less risky a firm that earns proportionate
egoroff_w [7]

Answer:

True

Explanation:

Return from operating activities are returns made from the regular and recurring operations of a business. Since they are from the normal operations of a company, they are less risky than returns made from the non-operating activities of a company which do not re-occur.

As such, a firm that earns more of its return from operating activities which are recurring is usually considered less risky than a firm than earns more of its return from non-operating activities which are usually one-off.

8 0
3 years ago
Your business partner has proposed you to join him (her) in investing $100000 each in a new enterprise. assume that you have tha
hjlf

Answer:

I wouldn't invest.

Risk preference at least 50-50 chance of gain and loose

Explanation:

case of success the return i get is $40000

case of failure i lose $20000.

My analysis shows P40=0.3 of success

And P-20=0.7 of failure.

The probability of a loose is much bigger than the probability of a gain.

So I can't bear the loose of loosing 7 times if about 20000 and gaining 3 times of about 40000 it doesn't balance.

My loose accumulating to 140000

While my gain is 120000.

I can't invest

7 0
4 years ago
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $31,000 per year fo
Whitepunk [10]

Answer: 6.51%

Explanation:

To get the interest rate at which the deal will be fair

Annual payment per year/ cost × 100

Perpetuity = D/r

476000 = 31000/r

r = 31000÷ 476000

r = 0.06512

r = 0.06512 × 100

r = 6.512%

Where D is the dividend

r is the rate

3 0
3 years ago
Which of the following best describes the consideration on the part of an insurer?
ehidna [41]

Answer:

B) The promise to pay in the event of a covered claim

Explanation:

The promise to pay in the happening of a covered claim apparently describes the promise to pay in the process of covered claim. In insurance matter of contracts, the insurer assures to pay for covered losses which the insured suffers and the insured promises to do what the contract says and pay the premium. Most non insurance contracts are fluctuating contracts. The amount of attention given by both parties are almost equivalent.

4 0
4 years ago
Other questions:
  • For the month of november, whetzel corporation. predicts total cash collections to be $1 million. also for november, whetzel cor
    13·1 answer
  • The specific ways in which human resource professionals support an organization's strategy vary according to: their level of inv
    14·1 answer
  • Dee is a focused, creative, and analytical college graduate with a degree in computer science, who just completed her CSDA certi
    8·2 answers
  • While walking down a street, Jonathon accidentally bumps into Jessica who is highly aggressive. She starts yelling at him and hi
    14·1 answer
  • What is an appropriate budgeting question
    8·1 answer
  • Gross billings for merchandise sold by Pharoah Company to its customers last year amounted to $12720000; sales returns and allow
    8·1 answer
  • _____ refer(s) to free advertising time an advertiser receives to compensate for spots the station missed or ran incorrectly or
    11·2 answers
  • Cullumber Company reported the following information for 2020: Sales revenue $2410000 Cost of goods sold 1751000 Operating expen
    13·1 answer
  • Why might Robert choose to attend a technical school rather than a four-year university?
    5·1 answer
  • Brian Burkhardt is planning to purchase a home and expects to borrow $291,400 as a mortgage. He can get a 30-year mortgage at a
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!