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netineya [11]
3 years ago
5

Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 433,000 Cost of goods sold (all

variable) $ 174,800 Total variable selling expense $ 25,600 Total fixed selling expense $ 15,100 Total variable administrative expense $ 14,800 Total fixed administrative expense $ 31,400 The contribution margin for October is:
Business
1 answer:
Yuri [45]3 years ago
8 0

Answer:

$217,800

Explanation:

The formula to compute the contribution margin is shown below:

= Sales - Cost of goods sold (all variable) - Total variable selling expense - Total variable administrative expense

= $433,000 - $174,800 - $25,600 - $14,800

= $217,800

As contribution margin = Sales - variable cost

And, we done the same.

All other information which is given is not relevant. Hence, ignored it

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In a command economy, who decides what goods will be produced?
mylen [45]
In a command economy, it is the b) government who decides what goods will be produced. 
4 0
3 years ago
Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured:
erica [24]

Answer:

1. Glennon Company

Total manufacturing costs and costs of goods sold:

C) $790,000 $810,000

2. Carr Company

Annual Rate of Return for Project Soup:

B) 7.5%.

Explanation:

1A) Total Manufacturing costs

Direct materials used          $270,000

Beginning work in process     40,000  

Direct labor                            200,000

Ending work in process         (20,000 )

Manufacturing overhead      300,000

Total manufacturing costs $790,000

1B) Costs of goods sold:

Beginning finished goods           50,000

Costs of goods manufactured  790,000

less Ending finished goods        (30,000)

Cost of goods sold                   $810,000

2)                                Project Soup       Project Nuts

Initial investment         $400,000           $600,000

Annual net income          30,000                46,000

Net annual cash inflow   110,000              146,000

Annual Rate of Return = Annual net income/Initial Investment

= $30,000/$400,000 x 100 = 7.5%

8 0
3 years ago
g "6. Financially, why would a company: (a) increase its dividend; (b) buy back some of its common stock shares; (c) pay down so
VikaD [51]

Answer:

(a) increase its dividend;

dividends are increased for two reasons:

  1. the company has excess cash and it doesn't have any possible investments on hand
  2. the board and upper management want to increase the stock price and higher dividends always result in higher stock prices, even if it is only in the short run.

(b) buy back some of its common stock shares;

  • the company has excess cash and the board and upper management believe that the stock price is too low.

(c) pay down some of its debt;

  • the company has excess cash and it considers that the cost of its debt is too high and it can get cheaper financing from other sources if needed.

(d) increase its use of internal financing;

  • the board and upper management considers that the company needs to invest in new or existing projects and they consider that the financing costs are too high. Also, on the long run if things work well, the stock price should increase.

(e) take the public firm private

  • the company has excess cash and the board and upper management believe that the stock price is too low. It is similar to (b) only on an extreme situation.

5 0
3 years ago
As a part of its merchandise management, the supermarket chain, Whole Foods Market seeks out and supports local producers, and i
Mkey [24]

Answer:

B

Explanation:

7 0
3 years ago
Jack Weston, the CEO of Evans, Inc., along with Evans’ CEO, Jason Stiller, used non-GAAP numbers to develop the earnings stateme
Zanzabum

Answer:

d. ​Under Dodd-Frank, Jack and Jason will be required to pay back the extra compensation they received as a result of the falsified earnings.

Explanation:

Generally Accepted Accounting Principles (GAAP) earnings refers to standards that are commonly accepted and used financial reporting by publicly traded companies.

On the other hand, non-GAAP earnings refers ton an alternative accounting method employed by companies to measure the earnings especially by excluding one-time transactions like  an organizational restructuring.

A non-GAAP method adjusts similar GAAP measure which are reported on the audited financial statements such as earnings before interest, taxes, depreciation and amortization (EBITDA) but it not backed by law.

Because non-GAAP measure is not backed by law, it can produce a misleading report when items that have impact on GAAP earnings are excluded.

As a result of non-GAAP method, many companies were affected during the Great Recession in the US leading to the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act (shortened to Dodd-Frank). the major aim of Dodd-Frank was to change federal financial regulatory agencies and almost all parts of the financial services industry of the US. One of the provisions of the Dodd-Frank is to require to pay back any compensation got through falsification of document.

Given the above, Jack and Jason will be required to pay back the extra compensation they received as a result of the falsified earnings under Dodd-Frank.

3 0
3 years ago
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