Answer:
Fixed costs= 1,100,000
Explanation:
Giving the following information:
During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pretax income was $400,000.
We need to reverse engineer the income statement to determine the total fixed costs. We know that the pretax income is the difference between the total contribution margin and the fixed costs.
Pretax= total contribution margin - fixed costs
400,000= 1,500,000 - FC
Fixed costs= 1,500,000 - 400,000
Fixed costs= 1,100,000
Answer:
Reorder point
Explanation:
A company or organization making use of fixed-order quantity model which is a model where the REORDER POINT has been fixed and has already been set automatic in which once it reach the minimum inventory level it will remind the company that inventory level has reach the limit for the company to restore the stock inventory or order more product, which is why this inventory level is called the REORDER POINT.
Therefore REORDER POINT can be defined as the point which serve as a reminder that the stock inventory level has dropped to the minimum reorder level and need to be replaced or reorder.
People are more creative and produce more ideas when they are in a good mood.
If the federal gasoline tax increases to $1 per gallon, the gasoline price rises, demand for bicycles shifts rightward.
Option B
<u>Explanation:</u>
If the price of gasoline increases, then probably there will be a decrease in the consumption of the same as a result of which the demand for the substitute product, bicycle increases.
Demand curve a graphical representation of changes in the product or service demanded along with the changes in the cost or price of the service or product. Increase in the demand for a product, is generally represented by the rightward shift in the demand curve.
