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3 years ago

In a sales mix situation, at any level of units sold, net income will be higher if:

Business

1 answer:

dimulka [17.4K]3 years ago

5 0

Answer:

b. more higher contribution margin units are sold than lower contribution margin units.

Explanation:

Contribution margin is that percentage of sales revenue which is received after deducting the variable cost of the product. This is basically covering fixed cost.

As soon as fixed cost is covered by contributing margin the income starts arising.

Therefore, the company shall sale those which have higher contribution margin, as this will cover fixed cost more fast.

Thus, sales of goods with high contribution margin in a sales mix assures high net income.

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What is a career help please I’m timed

Georgia [21]

Answer:

an occupation undertaken for a significant period of a person's life and with opportunities for progress.

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2 years ago

Read 2 more answers

The Whole Foods chain of supermarkets has stated, "With great courage, integrity, and love, we embrace our responsibility to co-

damaskus [11]

Answer:

Values Statement.

Explanation:

Value Statement: It shows that what an organization believes in, what are their values, where does the company stands in terms of morality. Moreover, value statement reflects the priority of the company and tells if it is inclined towards profit or collective goods more.

<em>As</em> the whole foods communicated that they don't want any harm towards the planet and claim themselves as responsible ones to care for this planet, it suggests that this is their value statement.

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3 years ago

Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $540,000, and factory payro

vovangra [49]

Answer:

See below

Explanation:

Marcelino Co's total cost of each production incurred in April

From March

Job306 Job307 job308

Direct materials $28,000 $39,000

Direct labor $23,000 $17,000

Applied overhead $11,500 $8,500

(50% of direct labor)

Beginning goods in process $52,500 $64,500 ---

For April:

Direct materials $139,000 $220,000 $110,000

Direct labor $103,000 $153,000 $104,000

Applied overhead $51,500 $76,500 $52,000

(50% of direct labor)

Total cost added in April $293,500 $449,500 $266,000

Total costs(April 30) $346,000

$514,000 $266,000

3 0

2 years ago

Travelers to Europe usually exchange dollars for euros. Assuming that the euro supply is static, how does this currency exchange

otez555 [7]

Answer:

Increase demand for euros and Increase US dollar price of the Euro

Explanation:

The U.S travelers to Europe will require euros while in Europe. However, since the supply of euros is static i.e does not change with change in demand, there will be more people demanding for the euro resulting into increased demand for the euro. As a result, people will have to pay more US dollars to obtain euros thus increasing the US dollar price of the euro.

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3 years ago

Cross Country Movers has just gone public. Under a firm commitment agreement, the firm received $19.84 for each of the 2.12 mill

nikitadnepr [17]

Answer:

= $11,670,200/ $41,329,800 x 100 = 28.24%

Explanation:

The question is to compute the flotation cost of the funds raised by Cross Country Movers after going public. Furthermore, it should be presented as a percentage.

The formula therefore, is = Total Direct Costs / Net Amount raised x 100

Step 1: Total Direct Costs

= Direct Costs (legal and others) + Indirect costs + (Initial Offering Price - the amount received for each share x total shares sold) + (Price rise in stock per share - the initial offering price per share x total shares sold)

= $626,000 + $105,000 + 9,667,200‬+ 1,272,000‬ = $11,670,200

Step 2: Net Amount Raised

= Amount recieved per share x total shares - Direct and indirect costs

= $19.84 x 2,120,000 shares - $626,000 + $105,000

= 42,060,800‬- 731,000‬ = $41,329,800

Step 3: Floatation Cost in Percentage

= $11,670,200/ $41,329,800 x 100 = 28.24%

4 0

3 years ago