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
Annette [7]
3 years ago
12

Item32 time remaining 46 minutes 2 seconds 00:46:02 item 32 item 32 time remaining 46 minutes 2 seconds 00:46:02 during a recent

fiscal year, creek company reported pretax income of $125,000, a contribution margin ratio of 25% and total contribution margin of $400,000. total variable costs must have been:
Business
1 answer:
abruzzese [7]3 years ago
3 0

The variable cost is calculated as -

Sales - Variable cost = Contribution Margin

Given, Contribution Margin = 25 %

Variable cost = 1 - Contribution Margin = 1 - 25 % = 75 %

25 % of Sales = Contribution Margin = $ 400,000

Sales = $ 400,000 ÷ 25 %

Sales = $ 1,600,000

Variable costs = 75% of Sales = 75 % × $ 1,600,000 = $ 1,200,000

You might be interested in
Explain AHIMA's data quality management model, including the domains it covers and the data characteristics
BlackZzzverrR [31]

Answer:

Data Quality management: AHIMA created this model for quality data management to support the need for true and accurate data. Patient care, patient outcomes, reimbursement, process...

Hope this helped :)

Explanation:

3 0
3 years ago
A local restaurant owner is considering expanding into another rural area. The expansion project will be financed through a line
Vladimir79 [104]

Answer:

B) ​$2,500 per month rent.

Explanation:

Incremental cash flows do not include interest payments on investment capital, since the cash flows should be equally generated if you invest your own money, another partner invests his money or someone else lends it to you. The same logic applies to the administrative costs of the credit line.

5 0
4 years ago
Max and nora have modified agi of $75,000, and adopted a little boy from san antonio, texas, in the current year and incurred a
miskamm [114]

Answer:$9,000

Explanation:

The tax credit offered to adoptive parents to encourage adoption is reffered to as ADOPTION TAX CREDIT. The adoption tax credit is a nonrefundable tax credit. This means that people owing taxes are also fit or qualified to apply for the adoption tax credit.

In the United States of America, adoption tax credit qualified expenses include court costs, traveling expenses, lawyer's or Attorney's fee and other expenses for legal adoption of an eligible child.

It can be calculated by subtracting

the max's employer provided for the couple with adoption benefits of $4,000 from the incurred expenses of a total of $13,000 in qualified adoption expenses(from the question).

That is; $13,000-$4,000.

= $9,000.

Hence, the maximum amount of adoption credit they can take this year is $9,000.

4 0
3 years ago
If a pair of shoes in the United States costs $45, and a pair of the exact same shoes is sold in Mexico for 430 pesos while the
Svetach [21]

Answer:

The correct answer is profit of $2.3 by selling it in Mexico.

Explanation:

According to the scenario, the computation of the given data are as follows:

In the United states Cost of shoes = $45

In Mexico, Cost of Shoes = 430 Pesos ( where $0.1100 = 1 pesos)

So, 430 Pesos = 430 × $0.1100 = $47.3

So, we can calculate the profit to sell in Mexico as follows:

Profit to sell in Mexico  = Sell price in Mexico - Sell price in US

= $47.3 - $45

= $2.3

So, the arbitrage opportunity exist by buying the shoes in Pesos and selling it in Mexico, one can make a profit of $2.3 per shoes.

7 0
4 years ago
When launching a new venture, finding a way to begin doing business must ______________ generate cash flow, build credibility, a
dsp73

Answer: evaluate

Explanation:

7 0
3 years ago
Other questions:
  • Advocates of the floating rate system argue that Multiple Choice there is no connection between the floating rate system and tra
    12·1 answer
  • Which of the following would be a closed question?
    15·2 answers
  • On December 31, 2017, Coolwear, Inc. had a balance in its prepaid insurance account of $48,400. During 2018, $86,000 was paid fo
    14·1 answer
  • When a potential business owner asks, "How can I improve on this?" it is an example of _________
    10·1 answer
  • When the price of Nike soccer balls fell, Ronaldo purchased more Nike soccer balls, and fewer Adidas soccer balls. Which of the
    8·1 answer
  • At the end of its first month of operations, JMP Consulting reported net income of $25,000. They also had account balances of: C
    11·1 answer
  • If a short-run equilibrium occurs at a level of output above the natural rate, then in the transition to the long run prices wil
    12·1 answer
  • The management of Kawneer North America is considering investing in a new facility and the following cash flows are expected to
    6·1 answer
  • If I have an F and have nothing to do. what should I do
    11·1 answer
  • How should factory overhead variances be treated in a journal entry to apply factory overhead?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!