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PIT_PIT [208]
3 years ago
15

Hudson Co. reports the contribution margin income statement for 2015. Assume sales remain constant at 10.000 units.HUDSON CO. Co

ntribution Margin Income Statement For Year Ended December 31, 2015Sales (10,000 units at $244 each) $2,440,000Variable costs (10,000 units at $195 each) 1,950,000Contribution margin 490,000Fixed costs 327,600Pretax Income $162,400Assume the company is considering investing in a new machine that will increase its fixed costs by $37,000 per year and decrease its variable costs by $8 per unit. Required:Prepare a forecasted contribution margin income statement for 2018 assuming the company purchases this machine.
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
5 0

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $244

Unitary variable cost= 195 - 8= $187

Fixed costs= 327,600 + 37,000= $364,600

<u>We need to determine the new pre-tax income:</u>

Sales= 244*10,000= 2,440,000

Total variable cost= 187*10,000= (1,870,000)

Total contribution margin= 570,000

Fixed costs= (364,600)

Pre-tax income= 205,400

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assuming you have a tcf free student checking account, which fee would end up costing you extra money?
asambeis [7]

Out-of-network ATM fee would end up costing you extra money assuming you have a TCF free student checking account.

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Automated teller machines (ATMs) are online financial services that let customers do transactions without visiting a bank location. While some ATMs are just straightforward cash dispensers, others support a range of services like check deposits, balance transfers, and bill payments.

<h3>How Are ATMs Operated?</h3>

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5 0
1 year ago
An increase in revenues increases net income, and net income increases stockholders’ equity. True or false?.
Gwar [14]

Answer:

false

Explanation:

3 0
2 years ago
Financial accounting is utilized by ________ in order to make business decisions:
alex41 [277]

Answer:

a. stockholders and creditors

Explanation:

Financial accounting is utilized by stockholders and creditors in order to make business decisions.

The shareholder use financial accounting reports to determine if the company's performance is as expected and to decide if more money should be invested or funds invested be pulled out (through the sales or transfer of equity).

Creditors use financial accounting to analyze the ability of the company to pay up debts owed to them when due, also to know if to continue to extend credit facilities to the organization.

Production employees rarely use financial accounting, rather, they are more concerned with management accounting considering elements like production cost, material variances, sales budget etc.

Customers are predominantly concerned about the availability of products and the presence of close substitute.

Hence the right option is a.

6 0
4 years ago
Please help me. I will mark you as brainliest !!
natali 33 [55]

Answer:

The answer is C

Explanation:

Let's say that we have 100 cars unique in the world and each car's value is 10000$. Now, let's say that you have 3 cars like the last ones, 3 cars unique in the world? You won't sell them at 10000$, you have to increase the price because the cars are very rare.

8 0
3 years ago
A $1,000 six-year bond has an 8 percent coupon, is selling at par, and contracts to make annual payments of interest. The durati
Dovator [93]

Answer:

$976.90 will be the new price if interest rates increase to 8.5 percent.

Explanation:

YTM = 8%

Change in interest rate = (8.5% - 8%) = 0.5%  <em>(Increase of 0.5% )</em>

%Change In Price of Bond = -Duration/(1+YTM) X Change in Rate

                                            = -4.99/(1+0.08) X 0.5%

                                            = -2.310%

There will be a decrease of 2.310% in Bond Price

New Bond Price = 1000 - (1000 X 2.310%)

                           = 1000 - 23.10

                           = $976.90

3 0
4 years ago
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