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3 years ago

Rozella’s income statement is as follows:

Business

1 answer:

zavuch27 [327]3 years ago

7 0

Answer:

A. Increase by $7,200

Explanation:

Given: Sales(10,000 units) $120,000

Less variable costs - 48,000

Contribution margin $72,000

Less fixed costs - 24,000

Net income $ 48,000

The total contribution margin is the earning of the company to cover the fixed cost of the company and generate profit. It is important as it shows the amount of money available to pay a fixed cost, which is essential to run the operation of the company. It is calculated by deducting the variable costs from total sales.

Now, finding change in profit after increase in sales by 1000 units.

Contribution margin per unit= $\frac{Contribution\ margin}{number\ of\ units\ sold}$

⇒ Contribution margin per unit= $\frac{72000}{10000}$

∴ Contribution margin per unit= $\$ 7.2$

Multiplying the increase number of unit to the Contribution margin per unit to find change increase in profit.

Increase in profit= $\$ 7.2\times 1000\ units$

∴ Increase in profit= $\$ 7200$

Hence, If sales increase by 1,000 units, profit will increase by $7200.

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A tablet computer costs $189. 69. It is marked up 30%. What is the final price of the tablet computer after it is marked up? $56

Step2247 [10]

The correct statement is that the final price of a tablet computer after marking up by 30 percent will be computed as $246.60. So, the correct option is D.

The calculation of such final price can be done adding the percentage of marking price to the cost price by putting the given values.

<h3>Calculation of Final Price or Selling Price</h3>

The formula for the calculation of the tablet computer's final price is shown below, along with putting the given values as,

$\rm Final\ Price = Cost\ Price\ x\ [1+Marking(\%)]\\\\\rm Final\ Price = \$186.46\ x\ 1+0.30\\\\\rm Final\ Price = \$186.46\ x\ 1.30$

So, the final price will be,

$\rm Final\ Price = \$246.60$

Hence, the correct option is D that the final price of a tablet computer on marking of 30 percent over a cost price of $186.46 will be $246.60

Learn more about final price here:

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3 years ago

Provide an appropriate response. The mean score of a placement exam for entrance into a math class is 80, with a standard deviat

never [62]

Answer:

option (c) 47.5%

Explanation:

Given:

Mean score into a math class, μ = 80

Standard deviation, σ = 10

Prescribed range between 60 and 80

Range in 1 standard deviation from mean

μ ± σ

i.e

80 - ( 1 × 10 ) and 80 + ( 1 × 10 )

70 and 90

our prescribed range of 60 and 80 does not lies in the obtained range

thus,

Range in 2 standard deviation from mean

μ ± σ

i.e

80 - ( 2 × 10 ) and 80 + ( 2 × 10 )

60 and 100

our prescribed range of 60 and 80 lies in the obtained range i.e within 2 standard deviations of the mean.

therefore,

The interval is half of that because it is the data between the mean and two standard deviations below the mean.

Hence,

$\frac{\textup{95}}{\textup{2}}$ = 47.5%

Hence,

The correct answer is option (c) 47.5%

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3 years ago

The rate of interest banks charge on short-term loans to their best customers is the _____.

abruzzese [7]

The rate of interest banks charge on short-term loans to their best customers is called the prime rate. This is given to customers who have good credit record. It serves as the basis of the lending rates that will be given to other customers. Usually, prime rates are feasible to large corporations and not with sole borrower.

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3 years ago

Gabel Inc. is a merchandising company. Last month the company's merchandise purchases totaled $63,000. The company's beginning m

pshichka [43]

Answer:

Gabel Inc.

The company's cost of goods sold for the month is:

$61,000

Explanation:

a) Data and Calculations:

Beginning inventory = $13,000

Purchases 63,000

Goods available for sale 76,000

less Ending inventory 15,000

Cost of goods sold $61,000

b) A company's cost of goods sold is the difference between the cost of goods available for sale and its ending inventory of merchandise. This implies that the company allocates the cost of goods available for sale (which is the function of the beginning inventory and the purchases made during the period) between the cost of goods sold and the cost of the ending inventory based on the inventory valuation method in use.

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3 years ago

Will and Janine are divorced during the current year. Will is to have custody of their two children and will receive their house

Leto [7]

Answer:

Since Will is getting the custody of their two children, he can claim them as dependents and deduct exemptions when he files his taxes.

child tax credit ($2,000 per child under 18)
child and dependent tax credit (up to $3,000 per child under 13 and $500 for dependent over 13)
American opportunity education credit (up to $2,500 per child that studies x 4 years maximum)

Alimony can no longer be deducted from Janine's AGI, nor it should be included in Will's AGI.

Property distributions (cars and house) will not have any effect in their taxes, but if they sell them, their basis will be the value at the time of divorce.

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4 years ago