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boyakko [2]
3 years ago
11

Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 400,000 Variable expenses 220,000 Con

tribution margin 180,000 Fixed expenses 120,000 Net operating income $ 60,000 What is total contribution margin if sales volume increases by 30%?
Business
1 answer:
blondinia [14]3 years ago
4 0
Don’t trust my word I just need to answer questions i’m so sorry
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on june 19, a u.s. company sold and delivered merchandise on a 30-day account to a german corporation for 190,000 euros. on july
Lesechka [4]

On June 19 the accounts receivable should be recorded at the spot rate: $228,190 ($190,000 Euros * $1.201), which is the rate at which the Euro and the US Dollar were being exchanged at the time.

Many US-based enterprises sell goods to companies abroad. Depending on the discussions and the circumstances surrounding the sale, these sales may be made in US dollars or in another currency. If the sale is made in a foreign currency, the US-based company will be responsible for any fluctuations in the exchange rate from the time the sale and receivable are recorded until the time the foreign currency is paid for the related foreign currency-related receivable.

The accounts receivable should be recorded (converted from Euros to US Dollars) at the spot rate on June 19: 190,000 Euros * $1.201, which is the exchange rate at that time between the Euro and the US Dollar, equals $228,190.

To learn more about Accounts Receivables, refer to this link:

brainly.com/question/14032135

#SPJ4

8 0
11 months ago
Assume the current U.S. dollar-yen spot rate is 90 ¥/$. Further, the current nominal 180-day rate of return in Japan is 1% (annu
Citrus2011 [14]

Answer:

Explanation:

Forward excahnge rate/spot exchange rate = (1+rh)/(1+rf)

rh - periodic interest rate in the home currency

rf - periodic interest rate in the foreign currency

Forward/90 = [1+1%*180/360]/[1+2%*180/360]

Forward = 1.005/1.01 * 90 = 89.55

Forward rate is 89.55 yen/$

3 0
2 years ago
Express Meals is a local bistro that has budgeted inventory purchases as follows: September: $ 300,000 October: $ 350,000 Novemb
ziro4ka [17]

Answer:

Express Meals

The budgeted accounts payable balance on November 30 is:

= $347,000.

Explanation:

a) Data and Calculations:

Budgeted inventory purchases:

September: $ 300,000

October: $ 350,000

November: $ 390,000

Payment to suppliers:

Month of purchase = 20%

Month following purchase = 70%

Two months after purchase = 10%

                                                   September    October   November  Total

Purchase                                     $300,000   $350,000    $390,000 $1,040,000

Payments:

Month of purchase  (20%)             60,000        70,000         78,000  $208,000

Month following purchase (70%)                     210,000      245,000  $455,000

Two months after purchase (10%)                                         30,000  $30,000

Total payments                             60,000      280,000      353,000  $693,000

Outstanding balance ($1,040,000 - $693,000) = $347,000

6 0
2 years ago
A map from trade development commissions or chamber of commerce can be more useful that google maps for identifying
Marrrta [24]

A map from trade development commissions or chamber of commerce can help identify <em>major areas of commerce and location.</em>

Explanation:

Google map helps with location of building but will not give information about the commerce aspect of the building.

But since the Trade Development Commission has exclusive responsibility to provide that, then it will be more useful to identify major areas of commerce and their locations.

#learnwithbrainly

8 0
3 years ago
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
Lemur [1.5K]

Answer:

$ 44000

Explanation:

Given:

Actual overhead manufacturing cost, Ac = $ 352000

Actual direct labor hours, Ah = 56000

Estimated manufacturing overhead cost, Ec = $ 330000

Estimated direct labor hour, Eh = 60000

Now,

Predetermined Overhead Rate = Ec/Eh

on substituting the values in the above formula we get

= $ 330000/60000 = 5.5

also,

Underapplied Overhead = Ac + (Ah × Predetermined Overhead Rate)

on substituting the values in the above formula we get

Underapplied Overhead = 352000 - (56000 × 5.5)

or

Underapplied Overhead = $ 44000

3 0
3 years ago
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