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4 years ago

EB10.

Business

1 answer:

Mice21 [21]4 years ago

6 0

Answer:

Forecast contribution margin income statement

Forecast sales (3,410 units x $250) 852,500

Forecast variable cost (3,410 units x $115) (392,150)

Forecast contribution margin 460,350

Forecast fixed cost (24,300)

Forecast net income  436,050

Explanation:

In this case, forecast sales volume increases by 10%, which is 110% of original sales volume ie 110% x 3,100 units = 3,410 units. Then, we will multiply the forecast sales volume by selling price in order to obtain the forecast sales revenue.

The forecast variable cost will be calculated based on forecast sales volume, which is forecast sales volume multiplied by variable cost per unit. The variable cost varies according to activity level.

The forecast fixed cost is the original fixed cost plus an increase of $400 per month ($400 x 12 = $4,800). The forecast fixed cost is $24,300.

Finally, we will prepare contribution margin income statement by deducting forecast variable cost and forecast fixed cost from forecast sales revenue.

Forecast sales revenue minus forecast variable cost gives forecast contribution margin.

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On December 31, 2016 before adjusting entries, Accounts Receivable for Nickolas Company had a debit balance of $200,000, and the

Karo-lina-s [1.5K]

Answer:

b. The balance of the Allowance for Doubtful Accounts will be $22,000 after adjustment.

Explanation:

If credit losses are estimated at 1% of credit sales than balance of allowance for doubtful account after adjustment will be = $6,000 + $1,600,000 * 1%

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3 years ago

Communicating effectively, showing a sense of teamwork, and being a good negotiator are all ways to demonstrate which component

Alexxandr [17]

Communicating effectively, showing a sense of teamwork, and being a good negotiator are all ways to demonstrate which component of emotional intelligence? Social management. Possessing all of these qualities and attributes makes you stable in your workplace and overall life environment. Having control of how you act in situations and having good emotional intelligence allows for growth and understanding overtime. Emotional intelligence is defined as being aware and in control of your emotions to successfully and appropriately handle how you feel and act/react in certain situations.

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3 years ago

The theory of mercantilism states that a country’s power depends mainly on its wealth. During the Age of Exploration, this meant

aleksklad [387]

Answer:

A positive balance of trade

Explanation:

The theory of mercantilism states that a country’s power depends mainly on its wealth. During the Age of Exploration, this meant that the prosperity of a nation should depend on a large supply of bullion (silver and gold) and a positive balance of trade. A positive balance of trade implies that exports should exceed imports. There were tariffs on imports. This discouraged importation.

Mercantilism was commonly practised in Europe within the 16th to 18th century.

I hope my answer helps you

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3 years ago

How much do bricks cost??

Inessa05 [86]

Answer:

it depends on how many u get and what type and what store u get them from.

Explanation:

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3 years ago

According to, "Ditching the Dollar," having multiple reserve currencies to choose from is healthy because:

posledela

Answer: D. If one country creates all the reserves it can prevent other countries from trading.

Explanation:

Ditching the Dollar refers to a movement by nations to reduce the dependence on the US. dollar for transactions.

The USD is the major currency for trade around the world with it accounting for the currency of use in more than 50% of the entire World trade. This was due to the Bretton Woods Agreement and System which at the time pegged the USD to gold and other currencies at certain value to the USD.

The influence the USD gained that day continues today. Countries however are increasing becoming fed up by the United States using the Dollar to impose trade restrictions and sanctions on countries and then requiring everyone to fall in line because trades are mostly done in the currency controlled by the US, the USD.

For instance, when sanctions were imposed on Iran, the European Union looked for alternative means of payment for Iranian oil.

Ditching the Dollar therefore argues that having multiple reserve currencies to choose from is healthy because one country will not be able to control world trade as the US has.

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3 years ago