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erastova [34]
4 years ago
8

Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $47,8

00 for Division A. Division B had a contribution margin ratio of 25% and its sales were $235,000. Net operating income for the company was $35,700 and traceable fixed expenses were $55,400. Corbel Corporation's common fixed expenses were:_______.
Business
1 answer:
Gre4nikov [31]4 years ago
8 0

Answer:

$15,450

Explanation:

The computation of the common fixed expenses is shown below:

We know that,

Net operating income = Contribution margin + Sales × contribution margin -  traceable fixed expenses - common fixed expenses

$35,700 = $47,800 + $235,000 × 25% - $55,400  - common fixed expenses

$35,700 = $47,800 + $58,750 - $55,400  - common fixed expenses

$35,700= $47,800 + 3,350   - common fixed expenses

So, the common fixed expense would be $15,450

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The other fixed cost will be D. $4,700,000.

<h3>How to calculate the cost?</h3>

The contribution margin will be:

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5 0
2 years ago
Instructions: Enter your answers as whole numbers.
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A. 90, 000 B. 90, 000 C. 90, 000 D. 90, 000. Since the the Spanish consumers are indifferent between the domestic and imported product, hence, demand and supply remain constant at same price, €1 per cap.

<h3>What is Supply?</h3>

In economics, supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object.

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6 0
2 years ago
On January 1, 2018, Jordan Inc. acquired 30% of Nico Corp. Jordan used the equity method to account for the investment. On Janua
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Answer:

Use rerospective valuation and then begin to use Fair value valuation of the investment account from 2019 and beyond

Explanation:

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A first method will apply to a retrospective adjustment method to make relevant changes in the investment account

The second step is to now use the fair-value method for his account from 2019 and beyond.

The idea of using a retrospective method is to engage or apply a new accounting pricnciple as though it has always been applied, using the retrospective method will assist Jordan to compare teh year 2018 where it had significant influence over the opeations of Nico to 2019 and future years when it begins to use the fair-value method of investment valuation.

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3 years ago
Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the?
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Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the <u>service industry</u>.

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The industries based on service are an important part of society for a variety of reasons, including- delivering essential services to the public. Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the service industry. These services too generate income.

Hence, service industry play an important role in society.

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6 0
2 years ago
An apartment manager seeks to evict a tenant for filing a discrimination complaint. What California Fair Housing law has the man
goldfiish [28.3K]

Answer:

The manager has violated the Rumford Fair Housing Act

Explanation:

This law was passed in California in the year 1963. It aims to protect house seekers from discrimination based on race, color, or disability. This practice was very common during that period and there were many cases of white landlords refusing to rent their apartment to people of color, neither will they accept to sell houses to them.

6 0
4 years ago
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