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Dominik [7]
3 years ago
13

International Imports is a merchandising Firm. Last year they reported sales of $674,500 and cost of goods sold of $404,700. The

company's total variable selling and administrative expense was $60,705, and fixed selling and administrative expense was $53,960. The total contribution margin for the firm is:_______. a. $60,705. b. $114,665. c. $404,700. d. $465,405.
Business
1 answer:
dimaraw [331]3 years ago
7 0

Answer:

The total contribution margin for the firm is: $209,095

Explanation:

The contribution margin is calculated by using following formula:

Contribution margin = Total sales – Total variable costs

In International Imports,

Total sales = $674,500

Total variable costs  = cost of goods sold + total variable selling and administrative expense = $404,700 + $60,705 = $465,405

Contribution margin = $674,500  - $465,405 = $209,095

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Answer:

C (operations)

Explanation:

Operations Section Chief organizes, assigns, and supervises all the tactical or response resources assigned to the incident.

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10 months ago
If you are stopped by a police officer for driving without having all passengers under the age of 18 properly restraint, you can
Ivan

Answer:

D)3 points

Explanation:

When children are involved, seatbelt tickets may mean points.

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4 0
3 years ago
Nowadays, many of the huge factories and industries ___________to function if there was no adequate electric power. A. Were unab
nalin [4]

Option B. Nowadays, many of the huge factories and industries <u>Would be unable</u> to function if there was no adequate electric power.

<h3>What is electric power?</h3>

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The speed at which energy is converted into an electrical circuit or used to produce work is known as electric power. It is a way to quantify how much energy is consumed over a certain period of time.

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4 0
1 year ago
Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amou
11Alexandr11 [23.1K]

Answer:

$306,000

Explanation:

The formula and the computation of the cost of good sold is shown below:

Cost of goods sold = Opening balance of merchandise inventory + Purchase made  - ending balance of merchandise inventory

= $85,000 + $323,000 - $102,000

= $306,000

Basically we have applied the above formula to find out the cost of goods sold

7 0
3 years ago
If $360 is invested at an interest rate of 4% per year and is compounded quarterly, how much will the investment be worth in 18
love history [14]
The answer is $736.96
 formula W=p(1+i/q) *(qy)
where p=360 , y=18 (years) , i-0.04 , q=4 (quarterly compounding)
 W=360(1+.01)*72 
 =360*2.0471
6 0
3 years ago
Read 2 more answers
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