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RSB [31]
4 years ago
11

For its top managers, Goldberg Industries formats its income statement as follows: GoldBerg Industries Contribution Margin Incom

e Statement Three Months Ended October 31, 2019 Net Sales Revenue $ 490,200 Variable Costs 294,120 Contribution Margin 196,080 Fixed Costs 173,000 Operating Income $ 23,080 What would be the outcome if this contribution margin income statement were prepared at the $377,000 sales level? (*The proportion of each sales dollar that goes toward variable costs is consistent within the relevant range.)
Business
1 answer:
vitfil [10]4 years ago
5 0

Answer:

The outcome will be a net loss for 22,200

Explanation:

\left[\begin{array}{ccc}Sales&490,200&377,000\\variable \: cost&-294,120&-226,200\\contibution&196,080&150,800\\fixed \:cost&-173,000&-173,000\\net \: income&23,080&-22,200\\\end{array}\right]

284120/490200 = 0.6 variable cost weight

377,000 x 0.6 = 226,200 variable cost

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FV of $600 each 6 months for 5 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations.
Lerok [7]

Answer:

Amount after 5 year will be $1074.5

Explanation:

We have given principal amount P = $600

Time t = 5 year

Rate of interest r = 12%

It is given that amount is compounded semiannually

So time period = 5×2 = 10 period

And rate of interest semiannually will be =\frac{12}{2}=6 %

We have to find future value after 5 year

Future value is given by A=P(1+\frac{r}{100})^n

So A=600\times (1+\frac{6}{100})^{10}

=600\times1.06^{10}

=600\times1.79=1074.5

So amount after 5 year will be $1074.5

8 0
3 years ago
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Answer:

$42,000

Explanation:

Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.

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Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000

6 0
3 years ago
What are the four most important ways a firm becomes a​ monopoly? The four main reasons a firm becomes a monopoly​ are:
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Explanation:

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Answer: Surplus    

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Explanation:

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