Answer:
$2.73
Explanation:
Contribution margin:
Red = Unit Contribution margin × Sales Mix
= $ 2.90 × 2,100
= $6,090
Black = Unit Contribution margin × Sales Mix
= $ 3.00 × 700
= $2,100
Total contribution margin = Red + Black
= $6,090 + $2,100
= $8,190
Total sales mix = 2,100 + 700
= 3,000
Weighted CM:
= Total Contribution Margin ÷ Sales Mix
= $8,190 ÷ 3,000
= $2.73
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Return on investment = 86.49 %
so correct option is B. 86.49%
Explanation:
given data
Operating income = $1,600,000
Net sales = $13,500,000
Average total assets = $1,850,000
target rate of return = 30%
to find out
company's return on investment
solution
we get here Return on investment that is express as
Return on investment = Operating income ÷ Average total assets .............1
put here value we get
Return on investment =
Return on investment = 0.86486
Return on investment = 86.49 %
so correct option is B. 86.49%
Answer and Explanation:
The computation is shown below:
a. Amount of adjusting entry for uncollectible accounts
= Estimated balance of Allowance for Doubtful Accounts + debit balance
= $16,400 + $4,000
= $20,400
b. Adjusted balances
For account receivable
= account receivable
= $420,000
For allowance for doubtful debts
= Estimated amount
= $16,400
For bad debts
= AMount of adjusting entry
= $20,400
c. Net realizable value
= Account receivable balance - estimated balance of Allowance for Doubtful Accounts
= $420,000 - $16,400
= $403,600